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HomeMy WebLinkAboutContract 55262 CSCO No. 55262 TRANSPORTATION IMPACT FEE CREDIT AGREEMENT THIS TRANSPORTATION IMPACT FEE CREDIT AGREEMENT (the "Agreement") is made and entered into effective as of the Effective Date (as defined below), by and among THE CITY OF FORT WORTH,TEXAS (the"City"), a Texas home rule municipal corporation, and Westhouse Residences, LLC, a Delaware limited liability company authorized to do business in Texas (the "Owner") (the City and the Owner a "Party", and collectively, the "Parties"). RECITALS WHEREAS, the Owner is the owner of approximately 13.98 acres in Tarrant County, Texas, as described by metes and bounds in Exhibit "A" (the "Property") located within the corporate boundaries of the City. A map of the Property showing its location is attached hereto as Exhibit"B" and WHEREAS,the Owner desires to proceed with development of the Property as described or illustrated on the Development Plan, attached hereto as Exhibit "C", which identifies the on- site and/or off-site transportation facilities necessary for serving full development of the Property; and WHEREAS,the City has adopted a Transportation Impact Fee program pursuant to Texas Local Government Code Chapter 395, codified in City Code Chapter 30, Article VIII, et seq., as amended, under which impact fees are imposed on new development for impacts to the City's transportation facilities as a result of said development; and WHEREAS, transportation impact fees are collected and must be spent by the City on impact fee eligible transportation facilities identified within the City's adopted Transportation Improvements Plan("TIP"),as amended,within the service area(s)in which the new development is located; and WHEREAS, the Impact Fee Program provides for credits against impact fees for dedication of right-of-way and/or construction of transportation improvements identified as impact fee eligible on the adopted TIP; and WHEREAS, the Property is located within service area D and WHEREAS, the City has determined the maximum transportation impact fees to be assessed against new development within service area D to be$463 per service unit(vehicle-miles of demand); and WHEREAS, certain transportation facilities depicted on Exhibit "D" are identified as impact fee eligible within the City's adopted TIP and therefore eligible for impact fee credit; and OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX WHEREAS, Owner has agreed to dedicate the right-of-way and/or constructed the transportation improvements shown on Exhibit "D" for which credits against transportation impact fees shall be granted; and WHEREAS, the Owner has received approval for the final plat Park Vista Apartments, FS-18-162 on February 1, 2019; and WHEREAS, the Owner has received approval for construction plans, executed a Community Facilities Agreement (CFA18-0131 City Secretary Contract Number 51802), and obtained final acceptance by the City for the Park Vista Apartments, City Project Number 101734, on November 16, 2020. NOW, THEREFORE, for and in consideration of the mutual agreements, covenants, and conditions contained herein, and other good and valuable consideration, the City and the Owner hereby covenant and agree as follows: 1. Recitals. The recitals contained in this Agreement are true and correct as of the Effective Date and form the basis upon which the Parties negotiated and entered into this Agreement. 2. Transportation Improvements. Owner agrees to dedicate the rights-of-way for and/or construct the system facilities identified in Exhibit "D". For any transportation improvement which has been previously dedicated or constructed by Owner on the Property and accepted by the City prior to execution of this Agreement, the improvement shall be identified as completed on Exhibit"D". 3. Credits. The Parties agree that the estimated value of the credits for each transportation improvement,expressed in current dollars, shall be as set forth in Exhibit"E". The value of credits associated with the improvements first shall be reduced by the Schedule 2 impact fee associated with any lot for which a building permit has previously been issued, and the net value of credits shown on Exhibit"E" shall be considered as exact. 4. Phasing. The Parties acknowledge that,where it is anticipated that the project will be developed in phases,the anticipated construction of improvements by phase shall be as depicted in Exhibit"D", which is attached hereto and incorporated herein by reference. 5. Allocation of Credits by Phase. The general allocation of credits to each phase of the development shall be as shown on Exhibit "F", which is attached hereto and incorporated herein by reference. The Parties agree that the credits identified in this Agreement shall not be deemed to have been created until the system facility for which credit is to be granted has been dedicated and accepted (in the case of right-of-way) or constructed through an executed Community Facilities Agreement and final acceptance by the City has been obtained. The Parties further agree that, prior to the application of a credit against transportation impact fees otherwise due for any unit of development; the following events shall take place: (a) The number of credits resulting from such improvement has been valued; and Transportation Impact Fee Credit Agreement-CA-18-010 Page 2 of 14 Park Vista Apartments Updated 2/15/19 (b) Concurrent with final plat approval, a credit allocation shall be provided by the developer for the phase of development to which the credit is to be applied, which allocation may either assign the credit, expressed in dollars, to each finally platted lot or may create a credit- pool to be utilized by that phase of development. 6. Term and Effective Date. The term of this Agreement shall be ten(10)years from its Effective Date. 7. Agreement to Run with the Land. Owner shall have the right to assign this Agreement to any person or entity ("Owner's Assignee") with the written consent of the City, provided: (a) the assignment is in writing executed by the Owner and its assignee; and (b) the assignment incorporates this Agreement by reference and binds the Owner's Assignee to perform (to the extent of the obligations assigned) in accordance with this Agreement. Each Owner's Assignee shall become a Party to this Agreement upon the execution of such assignment. In no event may this Agreement be construed to authorize assignment of any credits attributable to a system facility to be dedicated or constructed hereunder for use outside the boundaries of the Property. 8. Amendment. This Agreement shall not be modified or amended except as follows: (a) Any amendment or modification to this Agreement or any Exhibit or schedule hereto shall be in writing and signed by the Parties. (b) Any revision, amendment, or modification to this Agreement, the Development Plan,or any Exhibit or schedule thereto,shall become effective on the date executed by the Parties or, as applicable, upon the date of approval by the City Council or designated city official. 9. Exhibits. The exhibits attached to this Agreement are incorporated as part of this Agreement for all purposes as if set forth in full in the body of this Agreement. (Remainder of Page Intentionally Left Blank) Transportation Impact Fee Credit Agreement-CA-18-010 Page 3 of 14 Park Vista Apartments Updated 2/15/19 IN WITNESS WHEREOF, the undersigned parties have executed this Agreement to be effective as of the date subscribed by the City's Assistant City Manager. CITY OF FORT WORTH,TEXAS OWNER Westhouse Residences, LLC an Alabama limited liability company ISaw-8u.�aA&6� Dana Burghdoff( 2,20z 9:20 CST) By: LIV Westhouse Partners, LLC Dana Burghdoff Assistant City Manager By: LIV Westhouse, LLC Feb 2, 2021 Its general partner Date: AVobee X Robert B.Crumpton,III(Jan 28,2021 17:06 CST) Recommended By: Robert B. Crumpton,III Manager c� DJ Ha�28,202121:26 CST) D J Harrell Director,Development Services Department Approved as to Form and Legality: 8800e, Mack(Feb 1,202108:40 CST) Douglas Black Assistant City Attorney City Contract Compliance Manager: M&C: None required Form 1295:None required By signing, I acknowledge that I am the person responsible for the monitoring and administration of this contract, including ATTEST: baatFogr�aa ensuring all performance and reporting a pF°°°°°°°° 00, ° °°�pad� requirements. ° d_° o�� algt� o o gy Mary J.Kayser ����EXASoap Leonard Mantey(Jan 25,202115:29 CST) City Secretary Leonard Mantey Planning Manager Development Services Department Transportation Impact Fee Credit Agreement-CA-18-010 OFFICIAL RECORD Park Vista Apartments CITY SECRETARY FT. WORTH, TX EXHIBIT LIST "A" Description of the Property "B" Map of Property "C" Development Plan "D" Eligible Transportation Improvements "E" Credits Against Transportation Impact Fees "F" Allocation of Credits Transportation Impact Fee Credit Agreement-CA-18-010 Page 5 of 14 Park Vista Apartments Updated 2/15/19 EXHIBIT A Description of Property 4%1IEIt1 A Weskhguze Rssidmces {k r` is the a,mer of a 13.99 acres tract. of land situc ked rn the ,lest BilPngsley Surrey. Abstract too. 70. Ieoowl In the City of Fort Worth, Tarrant. County, Texas, being edl of g calked 13_97A acre o! Land trace described in the Special Warranty Dead to 1Westhouse ResFdcnces, LLC racardcd In Instrument Number D21d2408U, sold 13.98 acre tract being more particulprly pescrbetl py metes and beund9 as fu1lor9,- 9C,"ANNINO of g found 1/2- iron TQd with cap stamped 9)UNAWRY ASSOC M" (called for original monumant) at the wouthamA Corner pf Q rrgllpd 0.2141) 9V40 trQ�t of Jun-d dcwib<d os F}grcel $ in the Special Warranty deed to My cf Fart Worth recorded in Instrument. Number 0216156884, OPRTCT and on the welt line of o called 5.26$ acre trace of Ignd 4oscrit�ed os Pgrcel 9 Par! 2 in the Special Warranty Deed to City of fort Worth recorded in Instrument Nvmbm 0215257075, OPRTCT on the west right.-of-way line of Parx Meta Qlwd (voriatAo width); THENCE South OG degreee 22 minukea 59 seconds East, with the west right-of-way line of Park Visa Blvd, o di3tante of 1094.24 fpct to o point for corner at 4hir north corner of a called O.DG$5 acre tract of land described as Parcel B Port 2 M the Special Warranty f3eed to City of fart Worth recorded in Instrument Number 02151321568, OPRTCT at the beginning of g curve to the right hating a radiuB of 995.00 feet and whose ward bears South 20 degrees 57 minutes 34 seconds west, o distflrtae of 30.91 feet, from which o found moo nail with woshgr sdgmp¢d '+RPL5 4741- bears North 40 degraeg 22 minutes 59 seconds 1.14 feet TNEOGE Southwesterly with soil curve to the right, with west line of said Parcel B Part 2 and the west right-of-way line of said Park Mato 131ad, through a central angle of 02 degrees 14 minukee 2$ seconds end on arc Ientgih of g$.91 feet to a paint for corner at. the southwest corner of said Parcel 5 part 2 and on the south tine of a called &762 acre tract of land In the Warranty f}aed to Groves Ouy 6ruwning one SPniGe Janette E�rpwning recorded in Instrument Ntimbsr 01 9 4-251 21 2, OPRTCT, from which c founa mug nail with washer stamped -'2PLS 4701" bears South 63 degrees 25 minutes 04 sedan.0# week, a distance of 0-52 feet; THENCE South 89 degreee 45 minutes 16 seconds Hest, with the south line of *aid 6.751 acre tract, passing at a distance of STS10 feat the northeast corner of Lot 1, Blcck 1 of the The Enclowe an Gdden Trlengle, an oddptlon to the City of Fort Worth recorded in In#trumpet Nurnbtr p24SS22523. OnTCY, C4r;tinuinq with the south line of said 6.762 avv tract dnd the north I:ro of said Lot E. passing at in dist¢hce of 188.92 feet o found 5/2- Iron rod at the southwest comer of said 4�-7tii OcrL' #root gold the sauthi'aat corner of calretl 1.3,33 acre trout of land desmmed as Tract 2 in the Special Warrooly 09e4 to 5tat0om homily Farm LLC re-corded in Instrument Number D215271753, OPRTCT, continuing with the south line of said 1.333 arxe tract and ine north line of said Lot 1, o total distance of 447.45 Fcct to o found 1/2" iron rod with cop stamped "AW 4186- at the southweat romer of said 1.33.3 acre tract and the southeast corner of g1oci 5 4f 8ig Bear Creek ileadowe Phase II, an addition to the City of Fort Worth r*4borded irk Instrument Nu;mbew Q2a9020960, ONTCTr 7HCNCC North fl0 degree* .20 minutes 45 seconds West, with Me east line of said Phase 11, a distance of 1345,03 fast ko a found 1/2" Woo rod with cap Stamped -DC&Y" at the northeast Corner of 15Ip0 1 of #did Phase II ant the northeast corner of a called 3.670 acre tract cr land described a9 Tfatt 1 descrbed in Lhc "id 5petiol Worronty Deed to Slo%ehgrn Family Fenn LLC fecorded in Instrument Number D21 52 71 753, OPRTCT on the south fine of n eatled 4.4£ acre track of land de9erlbed rn the Warranty 04md tip Kcnneh J. Ridley rcD"cd ¢5 InfirUmpnt OQ 21 Fifl9 OPRTCT; THENCE Hurt', 96 degrees �PB minuins qy gecpnda Cost. with the north Fine of said 3.570 acre tract and the south line of Mid 4.46 acre tract, a distdnCe of 7OL53 feet to a faurld 1/2- Iran rod at the southwest apmcr of g c;4cd 9-134 cirm t+act of land de&t5be0 ih the 9lorranty oerd with Vendor'& Lien to Stcteham Fornay Farm LLC rocorded is Instrument Number D2161007179, OPRTCT; PHENCE 04orth 02 degrees 23 minutes 35 seconds west, with the east litre of said 4.46 acre tract, a distance of 492.97 feet to a point for earner of the northeast corner of said 4.46 acre kratt and the southeast QArner of o called 0,443b ocrc tract of land described as Trott 1 In the warranty Deed w;th Vendor's Lien to StepriQn 0- Ngll and R4:bCccg p. Bell rprygrdcd in Instrument Hamner uoso"*.24, gPRTCT, from which a faunal 1.25' ward poet Eears 5-wth 11 degrees M minutes 04 seconds Worst, u distarim of 1-t feet; NII NCC Narih 41 degrees g2 minutes 40 seconds East, with the post line of sold 0.4Q6 oars truck, a distance of 114.92 fast to u found 1/2' Iran Yod at an angle point on the eagt line of 9ald 0.449$ cgrc tract, Qt. thR 5gulhyryit corner of 0 called 0.5$ ggrc tract of land described in thin Warranty Deed to Lee Siellio Ltd. Three rgrgrdqql in 02001195,32, VPRR T and at the northwp;# comp of cAad G-275 acre tract of land described as Tract 1 in the Speodal Warranty feed to MichoeF Farris recorded in Inetrurrlent Number [1214133231, OPRTCt; Transportation Impact Fee Credit Agreement-CA-18-010 Page 6 of 14 Park Vista Apartments Updated 2/15/19 THENCE South 89 dogreeE 28 minutes 1f M"Mda East, with the south line of said 0.513 acre tract and the north line of said 0.275 av-¢ tract. o distance of 49-31 Feei to a found 1/2' iron rod of the southaasf corner of said 0.513 acre tract, at the northeast caner of said 0.275 acre tract a-d fan tho wvet IMa of a called 1.203 acre tract of rand In tine Gen" Warranty Deed with Vendor's Lien to Michael Parris et ux recorded in Instrument Number D21120080, OPRTCT; THENCE North 00 degrees 11 minutes 03 rrda West, with the east line of said 0.58 acre tract ono the west Fine of gold 1.203 ago tract, o distannce of ir7.154 hest t0 0 twnd 1/2" iron rod with cap stamped -kPkS 4701' at the northwest crnne-r of a called 0.1567 acev tract or Fond descrlbed 00 Parcel 4 in the $pedal ftrranty Deed to the Clty of Fart Worth recorded in Instrument Number D2151261M, sard tarnar treing the ittersectiofn of the west r, fht-cF-,4,, Line of Pgfk Vista 8Ivd with the gputh right-Gf-,rdy line of Keller Hicks Road (yarloble width), from which a found 112" with asp stomped -MNAWAY ASSOC INC-blare North EM degrees 44 minutes 25 aeconda East, a distance of 539.4+4 feet; THENCE Southeasterly wlth the west right-of-way line of Park Ylsta Blvd the fpllawing $ calls, 1_South 95 degreea 15 minutog 35 mronds East, a distance of 7$.18 feet !p a found 1/2" Iron rod with rap stamped 'RPLS 4701" at an angfe point on the west line of said Pored 4; 2-South 24 degrssa 01 minuteg OB seconds East, a dlstanoe of 1$n_Fg reet tp a faun{1 1/2" irce rod with wp stamped `RPLS 47019' at the beginning of curve to the left an the west line of #did Pored 4 hpwnq a radio# bf 4$2-00 feet and whose chard hews South 30 degrees 35 -inutes 19 seconds East, a dlatance of 110.29 feet; 3.THENCE Sautheasterty with said curve to the left, through a central angle of 13 degrees 09 minutes 21 seconds and an arc Icngth of 110.53 rent to o found 1/2" iron rod with cop stumped -RPL5 4701" of Vie end of said curve on u" +rest line of gad Parcel $ Pprt 1, 4,South .37 degrees 09 minutes 30 seconds East, o distance of 120-M feet to a found F/2" iron rod with cop stamped 'RPL5 4701" at the beginning of curve to the right on the crest ilne of sold Parad $ Port 1 !raving a radius of 74,�.00 feet and whpye chord beV% $ouch M degrees 40 minutes 37 seconds East, a distance of 108.18 feet; 5_THE,HI�E $outheaeterty with said curve to the right, through a central angle of 12 degrees 57 minutas 43 sscands and an arc length of 16,&54 feet to the PUNT OF BECMNING and containing 13.98 dtiee, dr 61]9rB29 SgU&tL feet 6f land- mare of legs. Transportation Impact Fee Credit Agreement-CA-18-010 Page 7 of 14 Park Vista Apartments Updated 2/15/19 EXHIBIT B Map of Property . FELLER HICK RD. a ac - 7— VICINM MAP NOT T4 SCALE Transportation Impact Fee Credit Agreement-CA-18-010 Page 8 of 14 Park Vista Apartments Updated 2/15/19 EXHIBIT C Development Plan in all i r;77 41 L:'.. .ti pl• p 11 ,,•. ._1 r ' + .. I I �� � - t6 y i it 'L ti� • ' r - IE ' ! I a21tw •.�6 F �1 Ali } I• II -ems ' ti 67 Mid �,v , • oI w 1'ji �x� V 1 '��'�� 11 II I 1 •l��li` Transportation Impact Fee Credit Agreement-CA-18-010 Page 9 of 14 Park Vista Apartments Updated 2/15/19 EXHIBIT D Transportation Improvements L LJL+4 vLL-H.4 }hrl OL:W—CL N I L 3 OL 1� Park Vista Apartments I -EIIR•ole•ar wed t Wenst 4-v , -mnspor-atnn impact Fees R��rt of kJaY ConstrixtlCi': 5 5 I ' 4 I 1 L r, 4 f P LAR ' ••�Ol.�7'FAIRfiO � � 'ti - 41-1 � I J I � - s 17M■ - Ir ' LI•r E r.InproMemenis LlmAs Parka .-a Wuleuard Rlgnt of way Mrishudlnn I Iwo WMAL-M 9anes3 I� r --_ f f ■ at ��IIM4 Transportation Impact Fee Credit Agreement-CA-18-010 Page 10 of 14 Park Vista Apartments Updated 2/15/19 EXHIBIT E Credits Against Transportation Impact Fees Net Credit Against Transportation Impact Fees Park Vista Apartments Value of Capacity Provided City Project# Plat Case# Eligible Arterial Value 101734 FS-18-162 Park Vista Blvd 456,148.82 Value of Exist!ng Demand Number Street Permit# Schedule 2 Fee 11325 Park Vista Blvd, PB18-13657 $ 18,000,00 11325 Park Vista Blvd, PB18-13666 $ 27,000.00 11325 Park Vista Blvd, PB18-13668 $ 20,000.00 11325 Park Vista Blvd, PB18-13669 $ 27,000.00 11325 Park Vista Blvd, PB18-13670 $ 27,000.00 11201 Park Vista Blvd. PB18-13671 $ 33,000.00 11201 Park Vista Blvd, PB18-13673 $ 27,000,00 11201 Park Vista Blvd, PB18-13674 $ 29,000,00 11201 Park Vista Blvd, PB18-13675 $ 30,000,00 $ 238,000.00 Net Credit Available $ 21a,148.a2 Transportation Impact Fee Credit Agreement-CA-18-010 Page 11 of 14 Park Vista Apartments Updated 2/15/19 CapeKity Provided by Perk Vista Improvements CPN 1fl1734 Paving Item �" � CbEna Eli5i3le udtFrim rya. e * C?rdrt kmile3le 1 6' HEM"Ewe, F�r2 rawN Lama 57 3 t3 i.418 # 9.27 3_E r ifi auel Lens 2 Hydrated Lime rrr TR 72 12 $ 07JDG $ __.351 52 3 &'Li me TnMment'rrescl Lams 57 3,4i6 3,ALB # 3.37 b i-3,227h6 A ii'Can[Prmt.7rarel LaLm Ef 2 92.4 2 92A MLU 294&3536 7 6'Flicribt GR-2 Dri%mvdmj 5Y 686 0 # 9.27 6 Hydrated Lime Dr we TH 1.4 0 162-73 7 &'LimTrMment jOrrveawsl Ef 6&6 B # 3.&7 8 i3'Can[Pvmt Dritt 57 6D3' 0 7EK44 9 4'Con[Sidewelk SF 7&7 767 $ 6.36 $ 3,&3 M 10 Barrier Free Ram ,TV3e R-1 EA 4 A $ 77354 $ Z,Z34AU ii RemOYe As3hett Paint SY 7&7 767 S iJ-D7 712A9 1.2 SWP Sirn&PostRi-i EA Z 2 387A3 S 774.90 13 4-BEK PYrnt MarLire HAE LF 373 373 # 0.7D # 2.E6.36 14 V SLD Pvrrrt MmrPiry,HAS EA 9D 90 # 43.60 .54.D0 0 Lenc 'end A,r F.A i 1 # Z7.60 $ 27.58 i6 Lane -end Only EA i 1 # 2.7.62 $ 27.68 i2 REFL Raised MerLer I-C } 1 7 S Z7.6E iMA0 iB REFL Raised MwUr I{-9 EA 39 19 # 37.6E 633.12 0 Seeding, romulch Sr 3 i7D SA73 # 0.i3 364.55 Perin Sub Ag S 37 52 Street Lights Item Eli iblr Ma- Clesari3tiur Unit QLarrikW a UFit Fri[c CrrdFAveil�le 1 1 Cono[PVC 3ch20 {D Ell LF _C 57 # J.co $ 750 Do 2 Rctxete Smund Bax-P B W n OD Eil EA i 67om S G50 Do 3 P WfOwn FaurGation —3 CO Ei EA 1 J,750.D0 75003 A Z-2-2-4 CbW3lrK Alum Elec'-3rc JCtar rOD Eil LF 470 470 S 3.75 $ LES7.50 7 Rebatc5treet Li Pole'CC---:A EA i 1 L27.00 Ln03 Street Light 5uhtotul 5925a 5t3rrn Drain Item Dexo3hcrr Unit C y Elide LhitFri[c Ala. C?rdrt A:mile3le 1 SWPPP:-iA= LS i B 5-5m.79 $ 2 LY REP Clax III LF OD 0 Ea.31 3 12'SET i P i EA Z 4 lrS92.E41 A O4rn-ete Riprap SY 1 30D 0 3Ek21 7 Medren stimrFiPrap.groutrd 57 473 4 3a al 5 Tbewell 4,tal 9'thirL FL SO 6 u-LM qbf Emim $ Peving5u3h3tM S 374,1. M Street Lights Strtrtotal $ 7,5.52-58 Storm Drdn 5u363tal mwsmUCT1aNSU&76TAL $ 3BD 2AL02 Other Eligible Items Desai ion En'-.te-r' suDy4uS oral Yet_•,: - 20;5 OfPevitr'8cstorm Dreg 7E,C.ZA 30 atnl Value of Capachy Provided d76 3 32 Transportation Impact Fee Credit Agreement-CA-18-010 Page 12 of 14 Park Vista Apartments Updated 2/15/19 Beginning Credi# Balance $456,148.82 CURRENT BALANCE $218,148.82 Numbei Street Permit 4 Schedule 2 Fee Credit Balance $ 456,148.92 11325 Park Vista Blvd. PB18-13657 18,ODD.DD $ 438,148.92 11325 Park Vista Blvd. PB18-13666 $ 27,ODD.DD $ 411,148.82 11325 Park Vista Blvd. PB18-13669 $ 2O,ODD.DD 391,148.92 11325 Park Vista Blvd. PB18-13669 $ 27,00O.i3D $ 364,148.92 11325 Park Vista Blvd. P618-13670 $ 27,000.00 $ 337,148.92 11201 Park Vista Blvd. PB18-13671 $ 33,000.00 $ 304,148.82 11201 Park Vista Blvd. PB18-13673 $ 27,00O.0D $ 277,148.82 112011 Park Vista Blvd. PB18-13674 $ 29,000.00 248,148.92 112011 Park Vista Blvd. PB18-13675 $ 30,000.00 $ 218,148.82 $ 218,148.92 Transportation Impact Fee Credit Agreement-CA-18-010 Page 13 of 14 Park Vista Apartments Updated 2/15/19 EXHIBIT F Allocation of Credits Pool: First come/First Serve within the final plat boundary of FS-18-162 Transportation Impact Fee Credit Agreement-CA-18-010 Page 14 of 14 Park Vista Apartments Updated 2/15/19