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HomeMy WebLinkAboutContract 51302-A1 (2)csco No. 51302-A1 AMENDMENT NO. 1 TO CITY SECRETARY CONTRACT NO. 51302 WHEREAS, the City of Fort Worth ("City") and D.R. Horton — Texas, LTD, a Texas limited Partnership ("Owner") made and entered into a Transportation Impact Fee Credit Agreement, City Secretary Contract No. 51302 (the "Agreement"); and WHEREAS, the Owner dedicated 41,073 square feet of right-of-way for Amber Ridge Dr., an eligible arterial, recorded in the Chapel Creek Final Plat (FP-17-030), December 17, 2018 by Instrument D218274102; and WHEREAS, the Owner has received approval for construction plans, executed a Community Facilities Agreements, and obtained final acceptance by the City far Chapel Creek Phase 2, City Project No. 100992, City Secretary No 49835; and WHEREAS, the Owner dedicated 304,266 square feet of right-of-way for Academy Boulevard, an eligible arterial, recorded in the Chapel Creek Final Plat (FP-17-141), July 12, 2019 by Instrument D219152183; and WHEREAS, the Owner has received approval for construction plans, executed a Community Facilities Agreements, and obtained final acceptance by the City far Chapel Creek Phase 3, City Project No. 101317, City Secretary No 51610; and WHEREAS, the Owner dedicated 304,226 square feet of right-of-way for Academy Boulevard, an eligible arterial, recorded in the Chapel Creek Final Plat (FP-18-128), November 4, 2020 by Instrument D22083314; and WHEREAS, the Owner has received approval for construction plans, executed a Community Facilities Agreements, and obtained final acceptance by the City for Chapel Creek Phase 4, City Project No. 101873, City Secretary No 53648; and WHEREAS, it has become necessary to execute this Amendment No. 1 to said Agreement to reallocate certain credits and replace Exhibit "D" with Exhibit "D-1" and Exhibit "E" with Exhibit "E-1" attached to this Amendment. Transportation Impact Fee Credit Agreement Amendment 1 Chapel Creek - CA-18-007 �FFICIAL REC�RD CITY SECRETARY FT. WORTH, TX NOW THEREFORE, City and Owner, acting herein by and through their duly authorized representatives, enter into the following agreement that amends the Agreement: 1. Exhibit "D" to the Agreement shall be replaced with the Exhibit "D-1" attached hereto and incorporated herein by this reference. 2. Exhibit "E" to the Agreement shall be replaced with the Exhibit "E-1" attached hereto and incorporated herein by this reference. 3. All other provisions of the Agreement which are not expressly amended herein shall remain in full force and effect. (Remainder of Page Intentionally Left Blank) Transportation Impact Fee Credit Agreement Amendment 1 Page 2 of 15 Chapel Creek - CA-18-007 IN WITNESS WHEREOF, the undersigned parties have executed this Agreement to be effective as of the date subscribed by the City's designated Assistant City Manager. CITY OF FORT WORTH, TEXAS ✓�Gl�lGi �GI�GIGZGtO� Dana Burghdoff (Apr 1, 2021 1:33 CDT) Dana Burghdoff Assistant City Manager Date: Apr l, 2021 Recommended By: c�� DJ Ha�r 29, 2021 1229 CDT) D.J. Harrell Director, Development Services Approved as to Form and Legality: ���1 DBlack (Mar 30, 202110:06 CDT) Douglas Black Assistant City Attorney M&C: None required ATTEST: , /���'�� � Mary J. Kayser City Secretary ,o,Q'� FORT u�d p OQa000000a �L � � o� ° 00 �d �° Q�=� 0 v° o d 0 dT*� �*� 0 YT o���0000��� � OWNER D. R. Horton — Texas, LTD. a Texas Limited Partnership By: D. R Horton, Inc. Its authorized agent �� Benjamin M Clark (Mar 29, 2021 ll:55 CDT) Benjamin Clark Assistant Vice President Contract Compliance Manager: By signing, I acknowledge that I am the person responsible for the monitoring and administration of this contract, including ensuring all performance and reporting requirements �C�''�'/ LEONARD MANTEY (Mar 29, 2021 11:19 CDT) Leonard Mantey Planning Manager Transportation Impact Fee Credit Agreement Amendment 1 Chapel Creek - CA-18-007 �FFICIAL REC�RD CITY SECRETARY FT. WORTH, TX EXHIBIT D-1 Transportation Improvements ,� . � _ �-`� � _� 1 f ' * �" � ,.�-��-; . ,a ,, r � � - . �'�t.- ' : �� _ � � �, �� �' . � �� -,��•�� • . i • . '� p . +�4�a� � • 1 ' � _ rxr M 4 L I �,. � 'y IT E!I,ti t I! 11pI��Rrtri15 � r�r. - F: �.�^ 4ri,rr Amhe r RG�e Urnre A�er I�G�e Urhre A�he r Ikad�e urhre Acadcmy L�rrve ,ac�dr.my arive ` rhe r Rd�e Urhre '•Tar-R t� UriM� � R �' f + . . � # � � yf ■ i F 1 .I � ,� fi, ti, u� �� y �,ha p�l Cr�ek 'LIIqIt�C'7� I�CrIt.4g�Ir�F 'ransp�rtitwr� Im���r Ftt� � H Rnt ¢f wap uccira-�o, .�'. •:.r l5"�'_1"1= l * � , . �Ps ' . L i.} 1`-:� �. r;�-� '�� �'�'�ti ��� y .,�� x � �;�=- - __� � � �Y +��tu iti�x::= �.Y ti��-��a���a �:` ti � • i � F L . , �: •��� y� ��" ,�� . � + -.r` � ` ��T.4 _ . , L r,ite � R�Yr L�c� ti:l:l�� � FF :4 :tLi RL7� ti�rst��tiifln {�Iky Frofed ]f.XJB]�4� I�y k� A�W �d+r�dan ��f� 7! Oli�'j �. RL7rV �anstrutdfln �CI!y Ih-ofed lCl�l�j 'Y R�44i [.7cd�r�Glon �HI� 3 F :�w� � � RL�W tianstruttian ��I� fh�Je� ]�L1Lilkj RL�W �8nstrudlfln {CIkM fh�f ed 1C]].31� R�''ti1� :�rst•JCIIQr7 ;ti� Frrje�k ]i�]�1�� �� Transportation Impact Fee Credit Agreement Amendment 1 Page 4 of 15 Chapel Creek - CA-18-007 EXHIBIT E-1 Credits Against Transportation Impact Fees (Highlighted Cells reflect capacity being added with this agreement) Net Credit Value of Capacity Provided Phase City Project# 1 100$14 2 100992 � �01�1� 3 101317 4 101873 Value of ROW aedieation Phase Instrument # 1 ❑21$113596 2 D219026539 � oz1�l��is� 4 ❑22�2$3314 Plat Cas�e # FP-16-129 FP-17-030 FP-17-141 FP-17-141 FP-18-128 Plat Case # FP-1G-129 FP-17-030 FP-17-141 FP-18-12$ Value of Existing Demsnd 557 New Residential Building Permits Eligible Arterial Amber Ridge ar Amber Ridge ar Academy Blvd Amber Ridge ar Value $ 269,991.5� $ �4�,65�.18 $ 783,64�.37 $ 774,�82.�1 $ 1,�05,421.19 Value $ 42,34fl.�8 $ 77,471.9Q $ 553,Q05.73 $ 4D3,361.6� $ 1,92�,9SS.Q6 Net Credi# Available $ 2,829,414.95 Transportation Impact Fee Credit Agreement Amendment 1 Chapel Creek - CA-18-007 Eligible Ar-terial Amber Ridge ar Amber Ridge ar Academy Blvd Amber Ridge ar Amber Ridge ar Page 5 of 15 �eperrt� PTayided h� b.m trer Rid�+e Rd Im pro�r�emtnks � PN 1�Q�4gi Ra4ir '4M-�itt •� mt�r P y e�nl �i r.�m L�e:��Ft� �n� {��� E i� ble Unit Pr�oe 114 Rtik �rxit ��a a�lc 1 f LvFa� �MF�1r�{� 2� =fL-T_� • � � _ VE TPEXTI4'EF�T 'r.� �.; S`' �3� ��Z { 3.�4 �.d?a�0 3 Fh�F�.TE=• LI�,1= TYJ _�S 1�} � 1?k� { �i.�k� a fi' �Cfk� {�R2 Xha'�.�T-Ef� LF ��3 4ya4a { �.a4 } 4.�1a00 S T.bFF I C F•� �fT�Ct l�1C• i - 7� �}C• - 2. 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Q� S-1$ 51: 3�,00�.{i0 $Z�,3U0.{� 133,�5� $1.77 $3F0, �11.33 $7�.1��.36 EE: ¢�- �o.a3 Q53d9356 ��L�Or��7 $ 1,396,0��.�0 FP-i�-�3� D�19��{539 �i3OF3 �i.�� 5--,�F1.S� Transportation Impact Fee Credit Agreement Amendment 1 Page 13 of 15 Chapel Creek - CA-18-007 Right�f-W�y Valuation f�r At�d�rny �Iwd ROVIf V�lu�tiffn �a5ed on Adopted Transpvrt�ti�n I Aeadcr�y Blwd Estu�at�d���structiuri Cus[s `rurr• Trdn�por[atiun Impr�v2m2nts PI2n 1�dlue of To[21 Frrrjec[ Right ui 'J4d}� f�U'.�b u' Cons�ru�tion Cvst; To[al Projee[ Right o' ',1�1�p (SF;� Rieht-o�-1+�13M V21u� F�r 5au�re Foot ROVIf Valuati�n �ased �n TA� L�alue, as of 8{31f2�18 f AL� Ae�•r�u n [ To[al Are� �5F) Apprai�d V�lu� 1�dlue o�r 5ouare Fcaul Right�f-1+way aediEatia n A�dder7y Blvd Ar�� Right-�f-1�+1�y Q�ed�t�ti�� (�4 ft� A�rplietl �lu� p�r �qu�r� F��t F�i�ln uF'Naylralue Total �redit Available Transportation Impact Fee Credit Agreement Amendment 1 Chapel Creek - CA-18-007 R lan 5 29 $�.{1���i;�^dJ.[J[] �� 38, �i,.�'��.[Ji] rL.'F�iJ Z�6,•7�[] �,�.00 �1.5 � [J� �'4��i�L 3,�40, ��2 $ 1�3�G�08Q.U"v $d.4 G FP ll 1•71 D�191��1�5� 304,2{i� $1.8� �553.0[J�. !3 �3,001. i3 Page 14 of 15 Rig�it-of-W�g �+�lu�tian fvr Amb�r Rid�e Dnw� R�1+41 Valu�tinn Based on Adopted Tran sp4rtation Im P�cdd�iri� el,rci E�tir��t2d C�rl�tru��i�r7 C�rsts fr�rrr� Trar�Sp�rtat��n I rr• �rr �rv�rt12r1t� PJd n �Jd I u� t�F T�t�l Pro� �ct Rigi7[ ui '�'ay �; �U',� o' C�rri �truc#i�n ��s['� f otdl Pr�j�c# Ri�f7[ u� U'� a}� �SFj Ri�.h7[-of-V'f�Y �l21u� Per Sclu�r� Ftrtrt R�1�41 Valu�tion B�s�d on T}4D �alue, �s of ��J�a�z�ao f AD lict�ur7[ fuLdlAre� ;SFE A��r�istd'ti�dlut �r'dlu� ��r 5yu�r� Fout Rig�t-of-Wag �edicatinn �itdL�L'ITI�' dI'Jl� �r�� Ri��7[ u{ ��L'a}� Utdic�tiun �;�y F�.I �p�rl��tl v�lu� p�r �quar2 f��t Ri�ln �r�',l�dp'ti�dluc TataM Credit AMaiMa�le Transportation Impact Fee Credit Agreement Amendment 1 Chapel Creek - CA-18-007 wem ents Plan 5-1J �7 � L.O�.�Q 51�4.�,'}U.UU 1�2,9UU $,�. 9� �3T865�J5 1,�17,O�G $a�U.��'sU.vU $�. 3 I 5 �L $1,9G5, L�,'��.UU $ 3 9 3 .Ui]U.,7r] 2`_�{a� 4 av 51.33 Q�8798�� SSii, 5� 1 $�5�, 320. UU 50. 3 F FP L�i 1�� L]ZL�laZ1�3 3U4,2L{, �i.�� $ �,'}3. 3{,1. i,•7 ��L7�,3{�1.[r7 Page 15 of 15