HomeMy WebLinkAboutContract 58865CSCO NO. 58865
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 LGI Homes — Texas, LLC, a Texas 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 392 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 S; and
WHEREAS, the City has determined the maximum transportation impact fees to be assessed
against new development within service area S to be $2,984 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
WHEREAS, Owner has dedicated the right-of-way and constructed the transportation
improvements shown on Exhibit "D" for which credits against transportation impact fees shall be
granted; and
WHEREAS, the Owner has received preliminary plat approval for Vista West II, PP-20-021
and
OFFICIAL RECORD
Transportation Impact Fee Credit Agreement — CA-21-008 CITY SECRETARY Page 1 of 31
Vista West II FT. WORTH, TX Updated 2/23/2021
W REAS, the Owner has dedicated 75,284 square feet of right-of-way for Westport HI
Parkway with FP-21-074, recorded as Instrument D221300446, October 14, 2021; and
WHEREAS, the Owner has received approval for construction plans (IPRC20-0109) and
executed a Community Facilities Agreement (CFA20-0142), and obtained final acceptance by the City
for Vista West II, City project number 102825.
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 dedicated the rights -of -way for and
constructed 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
(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.
Transportation Impact Fee Credit Agreement - CA-21-008 Page 2 of 31
Vista West II Updated 2/23/2021
7. Assignment. 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.
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-21-008 Page 3 of 31
Vista West II Updated 2/23/2021
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
DArrg BU(ghdoAc
Dana Burghdoff Keb 14, 2023 09:59 CST)
Dana Burghdoff
Assistant City Manager
Date: Feb 14, 2023
Recommended By:
DJ Harrell (Feb 10, 2023 13:16 CST)
DJ Harrell
Director, Development Services
Approved as to Form and Legality:
pjase�
DBlack (Feb 13, 2023 21:01 CST)
Douglas Black
Assistant City Attorney
M&C: None required
Form 1295: None required
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Jannette Goodall
City Secretary
OWNER
LGI Homes — Texas, LLC
a Texas Limited liability company
Elaine Torres
Officer
City 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.
J fifer Rob is (Jan 3, 202318:17 CST)
Jennifer H. Roberts
Assistant Director, Development Coordination
Development Services Department
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
Transportation Impact Fee Credit Agreement - CA-21-008 Page 4 of 31
Vista West II Updated 2/23/2021
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-21-008 Page 5 of 31
Vista West II Updated 2/23/2021
EXHIBIT A
Description of Property
(216 AC TITLE
SURVEY) TRACT A
METES AND BOUNDS
DESCRIPTION
BEING a tract of land, situated in Nathaniel Holbrook Survey, Abstract No. 647, City of Fort
Worth, Tarrant County, Texas, and being all of Tracts IV and XV as described in a Special
Warranty Deed with Vendor's Lien to FW Vista West II, L.P. recorded in Instrument Number
D206035754 of the Deed Records of Tarrant County, Texas (D.R.T.C.T.), and being more
particularly described by metes and bounds as follows;
BEGINNING at a set 1/2" iron rod with yellow plastic cap stamped "PAPE DAWSON"
at the southwest corner of said Tract IV from which a found 5/8" iron rod with cap stamped
"GORRONDONA & ASSOCIATES INC." (controlling monument) bears S 89°47'33" W, a
distance of 1,299.70 feet for the southwest corner of a variable width right-of-way dedication as
shown on final plat of Lot 1, Block 1, Northwest Water Treatment Plant Addition, an addition to
Tarrant County, Texas recorded in Cabinet A, Slide 12060 of the Plat Records of Tarrant County,
Texas (P.R.T.C.T.), same point being on the north right-of-way line of Old Weatherford Road (a
variable width right-of-way - no deed of record found) and being on the south line of Tract A as
described in a General Warranty Deed to Vernon Investment Corporation, N.V. recorded in
Volume 6342, Page 749 (D.R.T.C.T.);
THENCE: Departing the north right-of-way line of said Old Weatherford Road, N 001
15'19" W, along the west line of said Tract IV and the remaining tract of said Tract A, passing at
a distance of 500.48 feet the southeast corner of a 40-foot right-of-way dedication as shown on
said final plat of Lot 1, Block 1, Northwest Water Treatment Plant Addition, passing at a distance
of 1,351.12 feet the northeast corner of said 40-foot right-of-way dedication of said final plat of
Lot 1, Block 1, Northwest Water Treatment Plant Addition, and being on the east line of a called
567.553 acre tract of land as described in a Special Warranty Deed to BOA Sorte Limited
Partnership, et al. recorded in Instrument Number D204343515 (D.R.T.C.T.) and as described in
a Special Warranty Deed to The Cowley Family Foundation, et al. recorded in Instrument Number
D218206451 of the Official Public Records of Tarrant County, Texas (O.P.R.T.C.T.), in all, a total
distance of 1,565.00 feet to a found 100d steel spike nail (controlling monument) for the northwest
Transportation Impact Fee Credit Agreement — Page 6 of
CA-21-008 31
corner of said Tract IV;
THENCE: N 89°43'59" E, along the north line of said Tract IV and the remaining tract of Tract
IIA as described in a Special Warranty Deed to Chapel Creek Limited Partnership, recorded in
Volume 11029, Page 1159 (D.R.T.C.T.), a distance of 571.21 feet to a set 1/2" iron rod with yellow
plastic cap stamped "PAPE DAWSON" for the northeast corner of said Tract IV, from which a
found 1/2" iron rod with red cap (controlling monument) bears N 89°43'59" E, a distance of 30.00
feet and being on the west line of the remainder of Tract X as described in said Special Warranty
Deed with Vendor's Lien to FW Vista West II, L.P.;
THENCE: Along the east line of said Tract IV and the remaining tract of said Tract IIA, for the
following bearings and distances;
S 00°43'10" E, a distance of 1,515.10 feet to a set 1/2" iron rod with yellow plastic cap
stamped "PAPE DAWSON" for a re-entrant corner of said Tract IV;
N 89°44'17" E, passing at a distance of 30.00 feet an angle point on said east line of said
Tract IV and the northwest corner of said Tract XV, in all, a total distance of 531.11 feet to a set
1/2" iron rod with yellow plastic cap stamped "PAPE DAWSON" at the northeast corner of said
Tract XV;
S 00°15'43" E, a distance of 50.00 feet to a set 1/2" iron rod with yellow plastic cap
stamped "PAPE DAWSON" at the southeast corner of said Tract XV, same point being on the
north right-of-way line of said Old Weatherford Road;
THENCE: S 89'44' 17" W, along the north right-of-way line of said Old Weatherford Road
and the south line of said Tract XV, passing at a distance of 500.71 feet the southwest corner of
said Tract XV and the southeast corner of said Tract IV, in all, a total distance of 1,114.60 feet to
the POINT OF BEGINNING, and CONTAINING 21.36 Acres or 930,426 Square Feet of land
more or less, and being described in accordance with a survey made on ground and accompanied
by an exhibit or survey map prepared under job number 70113-02 by Pape Dawson Engineers,
Inc.
TRACT B
METES AND BOUNDS DESCRIPTION
BEING a tract of land, situated in Nathaniel Holbrook Survey, Abstract No. 647, City of
Fort Worth, Tarrant County, Texas, and being all of Tracts I, III, XIII and IX as described in a
Special Warranty Deed with Vendor's Lien to FW Vista West II, L.P. recorded in Instrument
Number D206035754 of the Deed Records of Tarrant County, Texas (D.R.T.C.T.), and being more
particularly described by metes and bounds as follows;
Transportation Impact Fee Credit Agreement — Page 7 of
CA-21-008 31
BEGINNING at a found 1" iron rod (controlling monument) at the northwest corner of
said Tract I and the northeast corner of a called 10.009 acre tract of land as described in a General
Warranty Deed to BOA Sorte Limited Partnership et al. recorded in Instrument Number
D206280509 (D.R.T.C.T.), same point also being on the south line of Tract II as described in a
Special Warranty Deed to Windridge A2A Developments, LLC recorded in Instrument Number
D212232276 of the Official Public Records of Tarrant County, Texas (O.P.R.T.C.T.);
THENCE: N 89°29'01" E, along the north line of said Tract I and the south line of said Tract
II, a distance of 543.29 feet to a set 1/2" iron rod with yellow plastic cap stamped "PAPE
DAWSON" at the northeast corner of said Tract I, from which a found 1/2" iron rod with yellow
plastic cap stamped "PAPE DAWSON" bears N 89°29'01" E, a distance of 30.00 feet at the north
most northwest corner of Tract B as described in a Special Warranty Deed to LGI Homes -Texas,
LLC recorded in Instrument Number D219248021 (O.P.R.T.C.T.);
THENCE: S 00'43' 10" E, along the east line of said Tract I and the remaining tract of Tract
IIA as described in a Special Warranty Deed to Chapel Creek Limited Partnership, recorded in
Volume 11029, Page 1159 (D.R.T.C.T.), passing at a distance of 326.78 feet the southeast corner
of said Tract I and the northeast corner of said Tract XIII, passing at a distance of 453.05 feet the
southeast corner of said Tract XIII and the northeast corner of said Tract III, passing at a distance
of 1,480.51feet the southeast corner of said Tract III and the northeast corner of said Tract IX, in
all, a total distance of 3,056.34 feet to a set 1/2" iron rod with yellow plastic cap stamped "PAPE
DAWSON" at the southeast corner of said Tract IX, from which a found 1/2" iron rod (controlling
monument) bears N 89°43'59" E, a distance of 30.00 feet and being on the west line of the
remainder of Tract X as described in a Special Warranty Deed with Vendor's Lien to FW Vista
West II, L.P. recorded in Instrument Number D206035754 (D.R.T.C.T.);
THENCE: S 89°43'59" W, along the south line of said Tract IX and along the remaining
tract of said Tract IIA, a distance of 568.05 feet to a found 100d steel spike nail (controlling
monument) for the southwest corner of said Tract IX, said point being on the east line of a called
567.553 acre tract of land described in a Special Warranty Deed to BOA Sorte Limited
Partnership, et al. recorded in Instrument Number D204343515 (D.R.T.C.T.) and as described in
a Special Warranty Deed to The Cowley Family Foundation, et al. recorded in Instrument Number
D218206451 of the Official Public Records of Tarrant County, Texas (O.P.R.T.C.T.);
THENCE: N 00° 15' 19" W, along the west line of said Tract IX and the east line of said
called 567.553 acre tract, passing at a distance of 800.69 feet a re-entrant corner of said called
567.553 acre tract, passing at a distance of 1,460.68 feet a re-entrant corner of said called 567.553
acre tract, passing at a distance of 1,571.61 feet the northwest corner of said Tract IX and the
southwest corner of said Tract III, passing at a distance of 2,550.90 feet a re-entrant corner of said
called 567.553 acre tract and the southeast corner of said called 10.009 acre tract, passing at a
distance of 2,776.77 feet the northwest corner of said Tract III and the southwest corner of said
Tract XIII, passing at a distance of 2,902.73 feet the northwest corner of said Tract XIII and the
southwest corner of said Tract I, in all, a total distance of 3,053.88 feet to the POINT OF
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CA-21-008 31
BEGINNING, and CONTAINING 38.97 Acres or 1,697,621 Square Feet of land more or less,
and being described in accordance with a survey made on ground and accompanied by an exhibit
or survey map prepared under job number 70113-00 by Pape Dawson Engineers, Inc.
TRACT C
METES AND BOUNDS DESCRIPTION
BEING a tract of land, situated in Nathaniel Holbrook Survey, Abstract No. 647, City of
Fort Worth, Tarrant County, Texas, and the remainder of Tracts VII and X as described in a
Special Warranty Deed with Vendor's Lien to FW Vista West II, L.P. recorded in Instrument
Number D206035754 of the Deed Records of Tarrant County, Texas (D.R.T.C.T.), and being
more particularly described by metes and bounds as follows;
COMMENCING at a found 1/2" iron rod with yellow plastic cap stamped "PAPE
DAWSON" at the north most northwest corner of Tract B as described in a Special Warranty
Deed to LGI Homes -Texas, LLC recorded in Instrument Number D219248021 of the Official
Public Records of Tarrant County, Texas (O.P.R.T.C.T.) and being on the north line of Tract IIA
as described in a Special Warranty Deed to Chapel Creek Limited Partnership, recorded in Volume
11029, Page 1159 of the Deed Records of Tarrant County, Texas (D.R.T.C.T.), same point being
on the south line of Tract II as described in a Special Warranty Deed to Windridge A2A
Developments, LLC recorded in Instrument Number D212232276 (O.P.R.T.C.T.), from which a
found 1" iron rod (controlling monument) bears S 89°29'01" W, a distance of 573.29 feet at the
northwest corner of Tract I as described in said Special Warranty Deed with Vendor's Lien to FW
Vista West II, L.P. and at the northeast corner of a 10.009 acre tract of land as described in a
General Warranty Deed to BOA Sorte Limited Partnership, et al. recorded in Instrument Number
D206280509(D.R.T.C.T.)
THENCE: Departing the north line of said Tract IIA and the south line of said Tract II, S
00'43' 10" E, along the northwesterly line of said Tract B and the remaining tract of Tract IIA, a
distance of 462.73 feet to a found 1/2" iron rod with yellow plastic cap stamped "PAPE
DAWSON" on the west line of said Tract X and at the POINT OF BEGINNING;
THENCE: Departing the west line of said Tract X, S 72°39'38" E, over and across, said
Tract X and along the westerly line of said Tract B, a distance of 52.59 feet to a set 1/2" iron rod
with yellow plastic cap stamped "PAPE DAWSON" on the east line of said Tract X, same point
being the northwest corner of a called 26.513 acre tract of land as described in a Special Warranty
Deed to White Settlement Independent School District, recorded in Instrument Number
D206230768 (D.R.T.C.T.);
THENCE: S 00°43'10" E, along the east line of said Tract X and the west line of said
called 26.513 acre tract, a distance of 1,001.89 feet to a set 1/2" iron rod with yellow plastic cap
stamped "PAPE DAWSON" at the northwest corner of said Tract VII and the southwest corner
Transportation Impact Fee Credit Agreement — Page 9 of
CA-21-008 31
of said called 26.513 acre tract;
THENCE: N 89°18'01" E, along the north line of said Tract VII and the south line of said
called 26.513 acre tract, a distance of 1,362.68 feet to a found 1/2" iron rod with yellow plastic
cap stamped "PAPE DAWSON" at an angle point on the westerly line of said Tact B;
THENCE: Departing the south line of said called 26.513 acre tract and along the westerly
line of said Tract B and the remaining tract of said Tract VII, for the following bearings and
distances;
S 009 V15" E, a distance of 1,200.06 feet to a found 1/2" iron rod with yellow plastic cap
stamped "PAPE DAWSON";
N 90°00'00" E, a distance of 200.00 feet to a found 1/2" iron rod with yellow plastic cap stamped
"PAPE DAWSON";
S 05°36'32" E, a distance of 560.81 feet to a found 1/2" iron rod with yellow plastic cap
stamped "PAPE DAWSON";
THENCE: Departing the westerly line of said Tract B, and along the remaining tract of said
Tract VII and the remaining tract of said Tract IIA, for the following bearings and distances;
S 89°17'35" W, a distance of 390.46 feet to a set 1/2" iron rod with yellow plastic cap
stamped "PAPE DAWSON";
S 00°42'25" E, a distance of 390.46 feet to a set 1/2" iron rod with yellow plastic cap stamped
"PAPE DAWSON";
S 12°30'13" E, a distance of 1,364.93 feet to a set 1/2" iron rod with yellow plastic cap
stamped "PAPE DAWSON";
S 38°32'15" W, a distance of 31.48 feet to a set 1/2" iron rod with yellow plastic cap
stamped "PAPE DAWSON";
S 89°38'54" W, a distance of 398.54 feet to a set 1/2" iron rod with yellow plastic cap
stamped "PAPE DAWSON";
S 89°44'17" W, a distance of 555.78 feet to a set 1/2" iron rod with yellow plastic cap
stamped "PAPE DAWSON";
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CA-21-008 of 31
N 45° 15'44" W, a distance of 70.71 feet to a set 1/2" iron rod with yellow plastic cap stamped
"PAPE DAWSON";
S 89'44' 17" W, passing at a distance of 463.72 feet the most westerly southwest corner of
said Tract VII and the southeast corner of said Tract X, in all, a total distance of 513.72 feet to a
set 1/2" iron rod with yellow plastic cap stamped "PAPE DAWSON" at the southwest corner of
said Tract X;
THENCE: N 00'43' 10" W, along the west line said Tract X and the remaining tract of said
Tract IIA, passing at a distance of 1,485.10 feet a found 1/2" iron rod with red cap (controlling
monument) and passing at a distance of 1,875.62 feet a found 1/2" iron rod (controlling monument),
in all, a total distance of 4,469.36 feet to the POINT OF BEGINNING, and CONTAINING 115.1
Acres or 5,012,826 Square Feet of land more or less, and being described in accordance with a
survey made on ground and accompanied by an exhibit or survey map prepared under job number
70113-02 by Pape Dawson Engineers, Inc.
TRACT D
METES AND BOUNDS DESCRIPTION
BEING a tract of land, situated in Nathaniel Holbrook Survey, Abstract No. 647, City of
Fort Worth, Tarrant County, Texas, and the remainder of Tracts VII and XII as described in a
Special Warranty Deed with Vendor's Lien to FW Vista West II, L.P. recorded in Instrument
Number D206035754 of the Deed Records of Tarrant County, Texas (D.R.T.C.T.) and being
more particularly described by metes and bounds as follows;
BEGINNING at a found 1/2" iron rod with yellow plastic cap stamped "PAPE
DAWSON" at the south most southeast corner of Tract B as described in a Special Warranty
Deed to LGI Homes -Texas, LLC recorded in Instrument Number D219248021 of the Official
Public Records of Tarrant County, Texas (O.P.R.T.C.T.), same point being on the southerly line
of said Tract VII;
THENCE: Departing the southerly line of said Tract VII, N 00°00'00" E, along the easterly line
of said Tract B and the remaining tract of said Tract VII, distance of 874.89 feet to a found 1/2"
iron rod with yellow plastic cap stamped "PAPE DAWSON" at a re-entrant corner of said Tract
B;
THENCE: N 90°00'00" E, along the southerly line of said Tract B and the remaining tract
of said Tract VII, passing at a distance of 895.06 feet the easterly line of said Tract VII and the
westerly line of said Tract XII, in all, a total distance of 992.11 feet to a found 1/2" iron rod with
yellow plastic cap stamped "PAPE DAWSON" at the east most southeast corner of said Tract B,
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CA-21-008 of 31
same point being on the easterly line of said Tract XII and a tract of land as described in a Warranty
Deed to Texas Electric Service Company, recorded in Volume 8736, Page 1787 (D.R.T.C.T.);
THENCE: S 22°24'44" E, along the easterly line of said Tract XII and the westerly line of
said Texas Electric Service Company tract, a distance of 718.12 feet to a set 1/2" iron rod with
yellow plastic cap stamped "PAPE DAWSON";
THENCE: S 00' 19'47" W, continuing along the easterly line of said Tract XII and the
westerly line of said Texas Electric Service Company tract, a distance of 216.60 feet to a set
1/2" iron rod with yellow plastic cap stamped "PAPE DAWSON" at the southeast corner of
said Tract XII;
THENCE: Departing the westerly line of said Texas Electric Service Company tract, N
89°44'50" W, along the southerly line of said Tract XII and the remaining tract of said Tract IIA
as described in a Special Warranty Deed to Chapel Creek Limited Partnership, recorded in
Volume 11029, Page 1159 (D.R.T.C.T.), passing at a distance of 89.28 feet the southwest corner
of said Tract XII, in all, a total distance of 1,264.68 feet to the POINT OF BEGINNING, and
CONTAINING 23.42 Acres or 1,020,050 Square Feet of land more or less, and being described
in accordance with a survey made on ground and accompanied by an exhibit or survey map
prepared under job number 70113-01 by Pape Dawson Engineers, Inc.
TRACT E
METES AND BOUNDS DESCRIPTION
BEING a tract of land, situated in Nathaniel Holbrook Survey, Abstract No. 647, City of
Fort Worth, Tarrant County, Texas, and the remainder of Tract VIII as described in a Special
Warranty Deed with Vendor's Lien to FW Vista West II, L.P. recorded in Instrument Number
D206035754 of the Deed Records of Tarrant County, Texas (D.R.T.C.T.) and also the remainder
of Tract VIII as described in a Quit Claim Deed to FW Vista West II, L.P. recorded in
D206035756 (D.R.T.C.T.), and being more particularly described by metes and bounds as
follows;
COMMENCING at a found 5/8" iron rod (controlling monument) at an angle point on the
northerly right- of -way line of Old Weatherford Road (a variable width right-of-way - no deed of
record found), same point being the east most southeast corner of the remainder of Tract IIB as
described in a Special Warranty Deed to Chapel Creek Limited Partnership, recorded in Volume
11029, Page 1159 (D.R.T.C.T.);
THENCE: N 00° 16'02"E, along the northerly right-of-way line of said Old Weatherford
Road and the east most easterly line of said Tract IIB, passing at a distance of 10.00 feet a found
5/8" iron rod (controlling monument) at a re-entrant corner on the northerly right-of-way of said
Transportation Impact Fee Credit Agreement — Page 12
CA-21-008 of 31
Old Weatherford Road and being the southwest corner of Lot 17, Block 22 of Vista West, Blocks
7, 13, 19, through 22, an addition to the City of Fort Worth, Tarrant County, Texas recorded in
Cabinet A, Slide 10883 of the Plat Records of Tarrant County, Texas (P.R.T.C.T.), passing at a
distance of 25.00 feet a found 5/8" iron rod with cap (controlling monument) at the common west
corner of said Lot 17 and Lot 16, Block 22 of said Vista West addition, in all, a total distance of
30.00 feet to a set 1/2" iron rod with yellow plastic cap stamped "PAPE DAWSON" at the
southeast corner of said Tract VIII and at the POINT OF BEGINNING;
THENCE: Departing the westerly line of said Vista West addition, N 89°44'50" W, along
the southerly line of said Tract VIII and the remaining tract of said Tract IIB, a distance of 709.29
feet to a set 1/2" iron rod with yellow plastic cap stamped "PAPE DAWSON";
THENCE: Along the westerly line of said Tract VIII and along the remaining tract of said
Tract IIB, for the following the bearings and distances;
N 44°44' 10" W, a distance of 35.74 feet to a set 1/2" iron rod with yellow plastic cap stamped
"PAPE DAWSON";
N 00°19'47" E, a distance of 212.30 feet to a set 1/2" iron rod with yellow plastic cap
stamped "PAPE DAWSON";
N 22°24'44" W, a distance of 695.94 feet to a found 1/2" iron rod with yellow plastic cap stamped
"PAPE DAWSON" at the south most southwest corner of Tract A as described in a Special
Warranty Deed to
LGI Homes -Texas, LLC recorded in Instrument Number D219248021 of the Official Public
Records of Tarrant County, Texas (O.P.R.T.C.T.);
THENCE: Departing the westerly line of said Tract VIII, N 90°00'00" E, along the
southerly line of said Tract A and the remaining tract of said Tract VIII, a distance of 1,065.42
feet to a found 1/2" iron rod with yellow plastic cap stamped "PAPE DAWSON" at the south
most southeast corner of said Tract A, same point being on the easterly line of said Tract VIII, the
westerly line of said Vista West addition and being the beginning of a non -tangent curve to the
left;
THENCE: Along the easterly line of said Tract VIII and the westerly line of said Vista
West addition, for the following bearings and distances;
Along said non -tangent curve to the left, having a radius of 3,163.80 feet, a central angle
of 12°50'07", a chord bearing and distance of S 05°2F23" W - 707.27 feet, with an arc length of
708.75 feet to a set 1/2" iron rod with yellow plastic cap stamped "PAPE DAWSON";
S 00° 19'02" W, a distance of 180.00 feet to the POINT OF BEGINNING, and
CONTAINING 17.15 Acres or 746,872 Square Feet of land more or less, and being described in
Transportation Impact Fee Credit Agreement — Page 13
CA-21-008 of 31
accordance with a survey made on ground and accompanied by an exhibit or survey map prepared
under job number 70113-02 by Pape Dawson Engineers, Inc.
(175 ACRE TITLE
SURVEY) TRACT A
METES AND BOUNDS DESCRIPTION
BEING a tract of land, situated in Nathaniel Holbrook Survey, Abstract No. 647, City of
Fort Worth, Tarrant County, Texas, and being all of Tracts IV and XV as described in a Special
Warranty Deed with Vendor's Lien to FW Vista West II, L.P. recorded in Instrument Number
D206035754 of the Deed Records of Tarrant County, Texas (D.R.T.C.T.), and being more
particularly described by metes and bounds as follows;
BEGINNING at a set 1/2" iron rod with yellow plastic cap stamped "PAPE DAWSON"
at the southwest corner of said Tract IV from which a found 5/8" iron rod with cap stamped
"GORRONDONA & ASSOCIATES INC." (controlling monument) bears S 89°47'33" W, a
distance of 1,299.70 feet for the southwest corner of a variable width right-of-way dedication as
shown on final plat of Lot 1, Block 1, Northwest Water Treatment Plant Addition, an addition to
Tarrant County, Texas recorded in Cabinet A, Slide 12060 of the Plat Records of Tarrant County,
Texas (P.R.T.C.T.), same point being on the north right-of-way line of Old Weatherford Road (a
variable width right-of-way - no deed of record found) and being on the south line of Tract A as
described in a General Warranty Deed to Vernon Investment Corporation, N.V. recorded in
Volume 6342, Page 749 (D.R.T.C.T.);
THENCE: Departing the north right-of-way line of said Old Weatherford Road, N
00' 15' 19" W, along the west line of said Tract IV and the remaining tract of said Tract A,
passing at a distance of
500.48 feet the southeast corner of a 40-foot right-of-way dedication as shown on said
final plat of Lot 1, Block 1, Northwest Water Treatment Plant Addition, passing at a distance of
1,351.12 feet the northeast corner of said 40-foot right-of-way dedication of said final plat of Lot
1, Block 1, Northwest Water Treatment Plant Addition, and being on the east line of a called
567.553 acre tract of land as described in a Special Warranty Deed to BOA Sorte Limited
Partnership, et al. recorded in Instrument Number D204343515 (D.R.T.C.T.) and as described in
a Special Warranty Deed to The Cowley Family Foundation, et al. recorded in Instrument Number
D218206451 of the Official Public Records of Tarrant County, Texas (O.P.R.T.C.T.), in all, a
total distance of 1,565.00 feet to a found 100d steel spike nail (controlling monument) for the
northwest corner of said Tract IV;
THENCE: N 89°43'59" E, along the north line of said Tract IV and the remaining tract of
Tract IIA as described in a Special Warranty Deed to Chapel Creek Limited Partnership, recorded
Transportation Impact Fee Credit Agreement — Page 14
CA-21-008 of 31
in Volume 11029, Page 1159 (D.R.T.C.T.), a distance of 571.21 feet to a set 1/2" iron rod with
yellow plastic cap stamped "PAPE DAWSON" for the northeast corner of said Tract IV, from
which a found 1/2" iron rod with red cap (controlling monument) bears N 89°43'59" E, a distance
of 30.00 feet and being on the west line of the remainder of Tract X as described in said Special
Warranty Deed with Vendor's Lien to FW Vista West II, L.P.;
THENCE: Along the east line of said Tract IV and the remaining tract of said Tract IIA, for
the following bearings and distances;
S 00°43'10" E, a distance of 1,515.10 feet to a set 1/2" iron rod with yellow plastic cap
stamped "PAPE DAWSON" for a re-entrant corner of said Tract IV;
N 89°44'17" E, passing at a distance of 30.00 feet an angle point on said east line of said
Tract IV and the northwest corner of said Tract XV, in all, a total distance of 531.11 feet to a set
1/2" iron rod with yellow plastic cap stamped "PAPE DAWSON" at the northeast corner of said
Tract XV;
S 00°15'43" E, a distance of 50.00 feet to a set 1/2" iron rod with yellow plastic cap
stamped "PAPE DAWSON" at the southeast corner of said Tract XV, same point being on the
north right-of-way line of said Old Weatherford Road;
THENCE: S 89'44' 17" W, along the north right-of-way line of said Old Weatherford Road
and the south line of said Tract XV, passing at a distance of 500.71 feet the southwest corner of
said Tract XV and the southeast corner of said Tract IV, in all, a total distance of 1,114.60 feet to
the POINT OF BEGINNING, and CONTAINING 21.36 Acres or 930,426 Square Feet of land
more or less, and being described in accordance with a survey made on ground and accompanied
by an exhibit or survey map prepared under job number 70113-02 by Pape Dawson Engineers,
Inc.
TRACT B
METES AND BOUNDS DESCRIPTION
BEING a tract of land, situated in Nathaniel Holbrook Survey, Abstract No. 647, City of
Fort Worth, Tarrant County, Texas, and being all of Tracts I, III, XIII and IX as described in a
Special Warranty Deed with Vendor's Lien to FW Vista West II, L.P. recorded in Instrument
Number D206035754 of the Deed Records of Tarrant County, Texas (D.R.T.C.T.), and being more
particularly described by metes and bounds as follows;
BEGINNING at a found 1" iron rod (controlling monument) at the northwest corner of
said Tract I and the northeast corner of a called 10.009 acre tract of land as described in a General
Warranty Deed to BOA Sorte Limited Partnership et al. recorded in Instrument Number
Transportation Impact Fee Credit Agreement — Page 15
CA-21-008 of 31
D206280509 (D.R.T.C.T.), same point also being on the south line of Tract II as described in a
Special Warranty Deed to Windridge A2A Developments, LLC recorded in Instrument Number
D212232276 of the Official Public Records of Tarrant County, Texas (O.P.R.T.C.T.);
THENCE: N 89°29'01" E, along the north line of said Tract I and the south line of said Tract
II, a distance of 543.29 feet to a set 1/2" iron rod with yellow plastic cap stamped "PAPE
DAWSON" at the northeast corner of said Tract I, from which a found 1/2" iron rod with yellow
plastic cap stamped "PAPE DAWSON" bears N 89°29'01" E, a distance of 30.00 feet at the north
most northwest corner of Tract B as described in a Special Warranty Deed to LGI Homes -Texas,
LLC recorded in Instrument Number D219248021 (O.P.R.T.C.T.);
THENCE: S 00'43' 10" E, along the east line of said Tract I and the remaining tract of Tract
IIA as described in a Special Warranty Deed to Chapel Creek Limited Partnership, recorded in
Volume 11029, Page 1159 (D.R.T.C.T.), passing at a distance of 326.78 feet the southeast corner
of said Tract I and the northeast corner of said Tract XIII, passing at a distance of 453.05 feet the
southeast corner of said Tract XIII and the northeast corner of said Tract III, passing at a distance
of 1,480.51feet the southeast corner of said Tract III and the northeast corner of said Tract IX, in
all, a total distance of 3,056.34 feet to a set 1/2" iron rod with yellow plastic cap stamped "PAPE
DAWSON" at the southeast corner of said Tract IX, from which a found 1/2" iron rod (controlling
monument) bears N 89°43'59" E, a distance of 30.00 feet and being on the west line of the
remainder of Tract X as described in a Special Warranty Deed with Vendor's Lien to FW Vista
West II, L.P. recorded in Instrument Number D206035754 (D.R.T.C.T.);
THENCE: S 89°43'59" W, along the south line of said Tract IX and along the remaining
tract of said Tract IIA, a distance of 568.05 feet to a found 100d steel spike nail (controlling
monument) for the southwest corner of said Tract IX, said point being on the east line of a called
567.553 acre tract of land described in a Special Warranty Deed to BOA Sorte Limited
Partnership, et al. recorded in Instrument Number D204343515 (D.R.T.C.T.) and as described in
a Special Warranty Deed to The Cowley Family Foundation, et al. recorded in Instrument Number
D218206451 of the Official Public Records of Tarrant County, Texas (O.P.R.T.C.T.);
THENCE: N 00° 15' 19" W, along the west line of said Tract IX and the east line of said
called 567.553 acre tract, passing at a distance of 800.69 feet a re-entrant corner of said called
567.553 acre tract, passing at a distance of 1,460.68 feet a re-entrant corner of said called 567.553
acre tract, passing at a distance of 1,571.61 feet the northwest corner of said Tract IX and the
southwest corner of said Tract III, passing at a distance of 2,550.90 feet a re-entrant corner of said
called 567.553 acre tract and the southeast corner of said called 10.009 acre tract, passing at a
distance of 2,776.77 feet the northwest corner of said Tract III and the southwest corner of said
Tract XIII, passing at a distance of 2,902.73 feet the northwest corner of said Tract XIII and the
southwest corner of said Tract I, in all, a total distance of 3,053.88 feet to the POINT OF
BEGINNING, and CONTAINING 38.97 Acres or 1,697,621 Square Feet of land more or less,
and being described in accordance with a survey made on ground and accompanied by an exhibit
or survey map prepared under job number 70113-00 by Pape Dawson Engineers, Inc.
Transportation Impact Fee Credit Agreement — Page 16
CA-21-008 of 31
TRACT C
METES AND BOUNDS DESCRIPTION
BEING a tract of land, situated in Nathaniel Holbrook Survey, Abstract No. 647, City of
Fort Worth, Tarrant County, Texas, and the remainder of Tracts VII and X as described in a
Special Warranty Deed with Vendor's Lien to FW Vista West II, L.P. recorded in Instrument
Number D206035754 of the Deed Records of Tarrant County, Texas (D.R.T.C.T.), and being
more particularly described by metes and bounds as follows;
COMMENCING at a found 1/2" iron rod with yellow plastic cap stamped "PAPE
DAWSON" at the north most northwest corner of Tract B as described in a Special Warranty
Deed to LGI Homes -Texas, LLC recorded in Instrument Number D219248021 of the Official
Public Records of Tarrant County, Texas (O.P.R.T.C.T.) and being on the north line of Tract IIA
as described in a Special Warranty Deed to Chapel Creek Limited Partnership, recorded in Volume
11029, Page 1159 of the Deed Records of Tarrant County, Texas (D.R.T.C.T.), same point being
on the south line of Tract II as described in a Special Warranty Deed to Windridge A2A
Developments, LLC recorded in Instrument Number D212232276 (O.P.R.T.C.T.), from which a
found 1" iron rod (controlling monument) bears S 89°29'01" W, a distance of 573.29 feet at the
northwest corner of Tract I as described in said Special Warranty Deed with Vendor's Lien to FW
Vista West II, L.P. and at the northeast corner of a 10.009 acre tract of land as described in a
General Warranty Deed to BOA Sorte Limited Partnership, et al. recorded in Instrument Number
D206280509(D.R.T.C.T.)
THENCE: Departing the north line of said Tract IIA and the south line of said Tract II, S 00'43' 10"
E, along the northwesterly line of said Tract B and the remaining tract of Tract IIA, a distance of
462.73 feet to a found 1/2" iron rod with yellow plastic cap stamped "PAPE DAWSON" on the west
line of said Tract X and at the POINT OF BEGINNING;
THENCE: Departing the west line of said Tract X, S 72°39'38" E, over and across, said
Tract X and along the westerly line of said Tract B, a distance of 52.59 feet to a set 1/2" iron rod
with yellow plastic cap stamped "PAPE DAWSON" on the east line of said Tract X, same point
being the northwest corner of a called 26.513 acre tract of land as described in a Special Warranty
Deed to White Settlement Independent School District, recorded in Instrument Number
D206230768 (D.R.T.C.T.);
THENCE: S 00°43'10" E, along the east line of said Tract X and the west line of said
called 26.513 acre tract, a distance of 1,001.89 feet to a set 1/2" iron rod with yellow plastic cap
stamped "PAPE DAWSON" at the northwest corner of said Tract VII and the southwest corner
of said called 26.513 acre tract;
THENCE: N 8998'01" E, along the north line of said Tract VII and the south line of said
called 26.513 acre tract, a distance of 1,362.68 feet to a found 1/2" iron rod with yellow plastic
Transportation Impact Fee Credit Agreement — Page 17
CA-21-008 of 31
cap stamped "PAPE DAWSON" at an angle point on the westerly line of said Tact B;
THENCE: Departing the south line of said called 26.513 acre tract and along the westerly
line of said Tract B and the remaining tract of said Tract VII, for the following bearings and
distances;
S 009 I'l5" E, a distance of 1,200.06 feet to a found 1/2" iron rod with yellow plastic cap
stamped "PAPE DAWSON";
N 90°00'00" E, a distance of 200.00 feet to a found 1/2" iron rod with yellow plastic cap stamped
"PAPE DAWSON";
S 05°36'32" E, a distance of 560.81 feet to a found 1/2" iron rod with yellow plastic cap
stamped "PAPE DAWSON";
THENCE: Departing the westerly line of said Tract B, and along the remaining tract of said
Tract VII and the remaining tract of said Tract IIA, for the following bearings and distances;
S 89°17'35" W, a distance of 390.46 feet to a set 1/2" iron rod with yellow plastic cap
stamped "PAPE DAWSON";
S 00°42'25" E, a distance of 390.46 feet to a set 1/2" iron rod with yellow plastic cap stamped
"PAPE DAWSON";
S 12°30'13" E, a distance of 1,364.93 feet to a set 1/2" iron rod with yellow plastic cap
stamped "PAPE DAWSON";
S 38°32' 15" W, a distance of 31.48 feet to a set 1/2" iron rod with yellow plastic cap stamped
"PAPE DAWSON";
S 89°38'54" W, a distance of 398.54 feet to a set 1/2" iron rod with yellow plastic cap
stamped "PAPE DAWSON";
S 89°44'17" W, a distance of 555.78 feet to a set 1/2" iron rod with yellow plastic cap
stamped "PAPE DAWSON";
N 45' 15'44" W, a distance of 70.71 feet to a set 1/2" iron rod with yellow plastic cap stamped "PAPE
DAWSON";
Transportation Impact Fee Credit Agreement — Page 18
CA-21-008 of 31
S 89'44' 17" W, passing at a distance of 463.72 feet the most westerly southwest corner of
said Tract VII and the southeast corner of said Tract X, in all, a total distance of 513.72 feet to a
set 1/2" iron rod with yellow plastic cap stamped "PAPE DAWSON" at the southwest corner of
said Tract X;
THENCE: N 00'43' 10" W, along the west line said Tract X and the remaining tract of said
Tract IIA, passing at a distance of 1,485.10 feet a found 1/2" iron rod with red cap (controlling
monument) and passing at a distance of 1,875.62 feet a found 1/2" iron rod (controlling monument),
in all, a total distance of 4,469.36 feet to the POINT OF BEGINNING, and CONTAINING 115.1
Acres or 5,012,826 Square Feet of land more or less, and being described in accordance with a
survey made on ground and accompanied by an exhibit or survey map prepared under job number
70113-02 by Pape Dawson Engineers, Inc.
TRACT D
METES AND BOUNDS DESCRIPTION
BEING a tract of land, situated in Nathaniel Holbrook Survey, Abstract No. 647, City of
Fort Worth, Tarrant County, Texas, and the remainder of Tracts VII and XII as described in a
Special Warranty Deed with Vendor's Lien to FW Vista West II, L.P. recorded in Instrument
Number D206035754 of the Deed Records of Tarrant County, Texas (D.R.T.C.T.) and being
more particularly described by metes and bounds as follows;
BEGINNING at a found 1/2" iron rod with yellow plastic cap stamped "PAPE
DAWSON" at the south most southeast corner of Tract B as described in a Special Warranty
Deed to LGI Homes -Texas, LLC recorded in Instrument Number D219248021 of the Official
Public Records of Tarrant County, Texas (O.P.R.T.C.T.), same point being on the southerly line
of said Tract VII;
THENCE: Departing the southerly line of said Tract VII, N 00°00'00" E, along the easterly line
of said Tract B and the remaining tract of said Tract VII, distance of 874.89 feet to a found 1/2"
iron rod with yellow plastic cap stamped "PAPE DAWSON" at a re-entrant corner of said Tract
B;
THENCE: N 90°00'00" E, along the southerly line of said Tract B and the remaining tract
of said Tract VII, passing at a distance of 895.06 feet the easterly line of said Tract VII and the
westerly line of said Tract XII, in all, a total distance of 992.11 feet to a found 1/2" iron rod with
yellow plastic cap stamped
Transportation Impact Fee Credit Agreement — Page 19
CA-21-008 of 31
"PAPE DAWSON" at the east most southeast corner of said Tract B, same point being
on the easterly line of said Tract XII and a tract of land as described in a Warranty Deed to Texas
Electric Service Company, recorded in Volume 8736, Page 1787 (D.R.T.C.T.);
THENCE: S 22°24'44" E, along the easterly line of said Tract XII and the westerly line of
said Texas Electric Service Company tract, a distance of 718.12 feet to a set 1/2" iron rod with
yellow plastic cap stamped "PAPE DAWSON";
THENCE: S 00' 19'47" W, continuing along the easterly line of said Tract XII and the
westerly line of said Texas Electric Service Company tract, a distance of 216.60 feet to a set
1/2" iron rod with yellow plastic cap stamped "PAPE DAWSON" at the southeast corner of
said Tract XII;
THENCE: Departing the westerly line of said Texas Electric Service Company tract, N
89°44'50" W, along the southerly line of said Tract XII and the remaining tract of said Tract IIA
as described in a Special Warranty Deed to Chapel Creek Limited Partnership, recorded in
Volume 11029, Page 1159 (D.R.T.C.T.), passing at a distance of 89.28 feet the southwest corner
of said Tract XII, in all, a total distance of 1,264.68 feet to the POINT OF BEGINNING, and
CONTAINING 23.42 Acres or 1,020,050 Square Feet of land more or less, and being described
in accordance with a survey made on ground and accompanied by an exhibit or survey map
prepared under job number 70113-01 by Pape Dawson Engineers, Inc.
TRACT E
METES AND BOUNDS DESCRIPTION
BEING a tract of land, situated in Nathaniel Holbrook Survey, Abstract No. 647, City of
Fort Worth, Tarrant County, Texas, and the remainder of Tract VIII as described in a Special
Warranty Deed with Vendor's Lien to FW Vista West II, L.P. recorded in Instrument Number
D206035754 of the Deed Records of Tarrant County, Texas (D.R.T.C.T.) and also the remainder
of Tract VIII as described in a Quit Claim Deed to FW Vista West II, L.P. recorded in
D206035756 (D.R.T.C.T.), and being more particularly described by metes and bounds as
follows;
COMMENCING at a found 5/8" iron rod (controlling monument) at an angle point on the
northerly right- of -way line of Old Weatherford Road (a variable width right-of-way - no deed of
record found), same point being the east most southeast corner of the remainder of Tract IIB as
described in a Special Warranty Deed to Chapel Creek Limited Partnership, recorded in Volume
11029, Page 1159 (D.R.T.C.T.);
THENCE: N 00° 16'02"E, along the northerly right-of-way line of said Old Weatherford
Road and the east most easterly line of said Tract IIB, passing at a distance of 10.00 feet a found
Transportation Impact Fee Credit Agreement — Page 20
CA-21-008 of 31
5/8" iron rod (controlling monument) at a re-entrant corner on the northerly right-of-way of said
Old Weatherford Road and being the southwest corner of Lot 17, Block 22 of Vista West, Blocks
7, 13, 19, through 22, an addition to the City of Fort Worth, Tarrant County, Texas recorded in
Cabinet A, Slide 10883 of the Plat
Records of Tarrant County, Texas (P.R.T.C.T.), passing at a distance of 25.00 feet a found
5/8" iron rod with cap (controlling monument) at the common west corner of said Lot 17 and Lot
16, Block 22 of said Vista West addition, in all, a total distance of 30.00 feet to a set 1/2" iron rod
with yellow plastic cap stamped "PAPE DAWSON" at the southeast corner of said Tract VIII and
at the POINT OF BEGINNING;
THENCE: Departing the westerly line of said Vista West addition, N 89°44'50" W, along
the southerly line of said Tract VIII and the remaining tract of said Tract IIB, a distance of 709.29
feet to a set 1/2" iron rod with yellow plastic cap stamped "PAPE DAWSON";
THENCE: Along the westerly line of said Tract VIII and along the remaining tract of said
Tract IIB, for the following the bearings and distances;
N 44°44' 10" W, a distance of 35.74 feet to a set 1/2" iron rod with yellow plastic cap stamped
"PAPE DAWSON";
N 00°19'47" E, a distance of 212.30 feet to a set 1/2" iron rod with yellow plastic cap
stamped "PAPE DAWSON";
N 22°24'44" W, a distance of 695.94 feet to a found 1/2" iron rod with yellow plastic cap stamped
"PAPE DAWSON" at the south most southwest corner of Tract A as described in a Special
Warranty Deed to LGI Homes -Texas, LLC recorded in Instrument Number D219248021 of the
Official Public Records of Tarrant County, Texas (O.P.R.T.C.T.);
THENCE: Departing the westerly line of said Tract VIII, N 90°00'00" E, along the
southerly line of said Tract A and the remaining tract of said Tract VIII, a distance of 1,065.42
feet to a found 1/2" iron rod with yellow plastic cap stamped "PAPE DAWSON" at the south
most southeast corner of said Tract A, same point being on the easterly line of said Tract VIII, the
westerly line of said Vista West addition and being the beginning of a non -tangent curve to the
left;
THENCE: Along the easterly line of said Tract VIII and the westerly line of said Vista
West addition, for the following bearings and distances;
Along said non -tangent curve to the left, having a radius of 3,163.80 feet, a central angle
of 12°50'07", a chord bearing and distance of S 05°21'23" W - 707.27 feet, with an arc length of
708.75 feet to a set 1/2" iron rod with yellow plastic cap stamped "PAPE DAWSON";
Transportation Impact Fee Credit Agreement — Page 21
CA-21-008 of 31
S 00° 19'02" W, a distance of 180.00 feet to the POINT OF BEGINNING, and CONTAINING
17.15 Acres or 746,872 Square Feet of land more or less, and being described in accordance with
a survey made on ground and accompanied by an exhibit or survey map prepared under job
number 70113-02 by Pape Dawson Engineers, Inc.
Transportation Impact Fee Credit Agreement — Page 22
CA-21-008 of 31
EXHIBIT B
Map of Property
Transportation Impact Fee Credit Agreement — Page 23
CA-21-008 of 31
EXHIBIT C
Development Plan
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Transportation Impact Fee Credit Agreement —
CA-21-008
Page 24
of 31
EXHIBIT D
Transportation Improvements
i
x
T
Eligible Improvements
S
Westpoint
Westpoint
IId11bIJU1Ld L1U11 IIIIIJd L.L rCC L-IUUIL Mr,[UU UHL —
CA-21-008
Vista West If
*Eligible for Credit Against
Transportation Impact Fees
Right-of•Way
Dedication & Construction
FORT WhRTII
L.
r
I
1r
,L
2
r,
w
Limits
ROW Dedication (FP-21-074)
ROW Construction (CPN 142S25)
L AZ
rd};e 25
of 31
EXHIBIT E
Credits Against Transportation Impact Fees
Vista Vilest
1I, Phase I
Transportation Impact
Fee Credit Overview
Value of ROW Dedication
Instrument # Plat Case #
Eligible Arterial
Value
D221300446 FP-21-074
Westpoint Blvd
$
142,287,01
Value of Capacity Provided
City Project ## Plat Case #
Eligible Arterial
Value
102825 FP-21-074
Westpoint Blvd
$
1,705,403.40
TOTAL TRANSPORTATION IMPACT FEE CREDIT
1,847,690.41
Value of Existing Demand
Building Permits in review
49
$
183,750,00
Net Credit Available
$
1,663,940.41
Transportation Impact Fee Credit Agreement — Page 26
CA-21-008 of 31
Valuation for Vista West It, Phase I
aluatlorl Method 1- Precentage of TIP Project Cast
IRight-of-Way
Eligible Arterial
Westpoint 3 -x
2017 Transportation Improverntwiks Plan Project
S-13
Number
mated Construction Costs from 2017
$824.000
nspartation Improvements Plan
ue of 7okal Project Right-raf-Way (20%of
rl
$164,EDD
stru[tion Cast}
al Project Length (LF)
1,590
Arterial Crass -Section Width (LF)
55
Additional ROW needed for Roundabout (SF)
0
ataI Project Right -of -Way (SF)
87,450
RigjSt-6f-Way ValuLl Per Square Foat
$1.8'9
aluatiorbMethod 2- Precentage of Construction Project Cost
Eligible Arterial
Wustpvint Blvd.
ity Project N u m ber
1D2925
onstruction Costs from City Project 1D2925
$1,421,170
a lue of 70tal Project Right -of -Way (2D% of
$284,234
onstru[tion Cast)
otal Project Length (LF)
3,610
Arterial Cross -Section Width (LF)
55
dditianal ROW needed for Roundabout (SF)
0
otaI Project Right -of -Way (SF)
198,550
Rllght-Of-Way Value Per Square Foot
$1.44
aluation Method 3 -TAD appraised value
AD Value as of 12122/22
AD Account
41111 48P._�
ota l Area (SF)
1,154,9N
ppraised Value
5242,530.00
alue Per Square Foot
Right -of -Way Dedication
Westpoint BJYG
Recording InstrumentNumber
D2213DO446
Final PlatNumher
FP-21-074
Recording Date
1D/14/2021
TataI area of ROW dedicated jSF)
75,2,84
Value per SF
S1-89
Credit
5142.287.01
Net Credit Awallabk
$14Z Z8T.01
Transportation Impact Fee Credit Agreement — Page 27
CA-21-008 of 31
Capacity Provided by Vista West II Improvements
Paving
CPN 102825
Item
No.
Description
Unit
Quantity
Eligible
Quantity
Unit Price
Credit
Available
3
REMOVE CONC CURB & GUTTER (CO #5)
LF
501
501
$10.25 $
5,135.25
4
REMOVE ASPHALT CURB
LF
895
895
$5.81 $
5,199.95
5
MEDIUM STONE RIPRAP DRY
SY
274
54
$56.73 $
3,063.42
8
HYDRATED LIME (CO #3)
TN
1908
1908
$161.05 $
307,283.40
10
8" LIME TREATMENT
SY
66841
12400
$2.83 $
35,092.00
12
6" CONC PVMT
SY
38200
204
$33.01 $
6,734.04
13
7" CONC PVMT
SY
13260
186
$39.24 $
7,298.64
14
9" CONC PVMT
SY
10720
10720
$48.57 $
520,670.40
15
4" CONC SIDEWALK
SF
68643
23740
$5.59 $
132,706.60
20
BARRIER FREE RAMP TYPE P-1
EA
52
6
$1,582.60 $
9,495.60
22
4" SLD PVMT MARKING HAS Y
LF
1956
168
$1.25 $
210.00
23
8" SLD PVMT MARKING HAS (W)
LF
1169
690
$2.51 $
1,731.90
25
LANE LEGEND ARROW
EA
15
11
$234.35 $
2,577.85
26
LANE LEGEND DBL ARROW
EA
1
1
$354.25 $
354.25
30
REMOVE SIGN PANEL AND POST
EA
2
1
$103.55 $
103.55
31
REMOVE AND REINSTALL SIGN PANELAND POST
EA
1
1
$539.55 $
539.55
41
FURNISH/INSTALL ALUM SIGN GOUND MOUNT CITY
STD R6-1
EA
3
3
$348.80 $
1,046.40
42
FURNISH/INSTALL ALUM SIGN GOUND MOUNT CITY
STD (R5-1)
EA
2
2
$348.80 $
697.60
43
FURNISH/INSTALL ALUM SIGN GROUND MOUNT CITY
STD R5-lA
EA
2
2
$348.80 $
697.60
46
REMOVE EXISTING GATE
EA
1
1
$395.00 $
395.00
48
TYPE III BARRICADE
EA
7
2
$866.55 $
1,733.10
49
CONCRETE HEADER
EA
7
2
$362.33 $
724.66
58
EXISTING DIAMETER SS MANHOLE -REMOVE
CONC&REPLACE W/30" COVER CO 4
EA
1
1
$2,640.00 $
2,640.00
60
6" CONC CURB (CO 5)
LF
300
300
$33.01 $
9,903.00
62
4" BROKEN PAVEMENT MARKINGS (Y) (CO 7)
LF
209
209
$1.29 $
269.61
63
4" BROKEN PAVEMENT MARKINGS (W) (CO 7)
LF
3,567
1,750
$1.29 $
2,257.50
64
REFL RAISED MARKER TYPE II-C-R CO 7
EA
1,574
1,574
$4.87 $
7,665.38
Paving Subtotal $
1,066,226.2S
Transportation Impact Fee Credit Agreement - Page 28
CA-21-008 of 31
Storm Drain
Item
No.
Description
Unit
Quantity
Eligible
Quantity
Unit Price
Credit
Available
7
LARGE STONE RIPRAP DRY
SY
657
389
$
95.92
S 37 312.88
10
CONCRETE COLLAR
EA
2
2
S
467.59
$ 935.18
12
21" RCP CLASS III
LF
569
13
$
57.50
$ 747.50
13
24" RCP CLASS III
LF
3,281
1,333
$
66.39
S 88,497.87
14
30" RCP CLASS III
LF
140
21
$
88.29
$ 1,854.09
15
36" RCP CLASS III
LF
371
132
S
118.30
S 15 615.60
16
21" RCP CLASS IV
LF
64
59
S
64.03
S 3,777.77
17
24" RCP CLASS IV
LF
29
36
$
77.11
S 2,775.96
20
4' STORM JUNCTION BOX
EA
10
3
S
4,414.50
S 13,243.50
26
36" PARALLEL HEADWALL 1 PIPE
EA
1
1
S
8,502.00
S 8,502.00
36
10' CURB INLET
EA
14
2
S
4,959.50
S 9,919.00
39
10' RECESSED INLET
EA
5
5
S
5,777.00
S 28,885.00
40
4' DROP INLET
EA
1
1
S
4,360.00
S 4,360.00
42
REMOVE MISC CONC STRUCTURE
LS
1
1
S
505.13
S 505.13
43
MANHOLE ADJUSTMENT MAJOR (SANITARY SEWER)
EA
1
1
S
4,641.27
S 4,641.27
44
MANHOLE ADJUSTMENT, MAJOR (16" WATER MAIN)
EA
1
1
S
4,641.27
S 4,641.27
45
MANHOLE ADJUSTMENT MAJOR (36" WATER MAIN)
EA
1
1
S
4,641.27
S 4,641.27
46
MISCELLANEOUS STRUCTURE ADJUSTMENT (16"
WATER COMBO VALVE
EA
1
1
S
1,693.10
S 1,693.10
47
VALVE BOX ADJUSTMENT 36" WATER MAIN
EA
1
1
$
1006.92
S 1,006.92
48
VALVE BOX ADJUSTMENT (30" WATER MAIN)
EA
1
1
S
1,006.92
S 1,006.92
51
INLET PROTECTION
EA
30
7
S
101.37
S 709.59
Storm Drain Subtotal
S 235,271.82
Street Light Improvements
Item
No.DescrtWm
QwndtY
Eigible
QuanaUnit
Y
Unit Price
Credit
Available
1
2" CONDT PVC SCH 80 T
LF
10254
2,467
$
11.24
S 27 729.08
3
NO 8INSULATED ELEC CONDR
LF
7317
7,401
S
1.23
S 9,103.23
5
GROUND BOX TYPE B
EA
21
4
S
589,69
S 2,358.76
6
FURNISH/INSTALL TYPE 33A ARM
EA
23
23
S
256.15
S 5,891.45
10
FURNISH/INSTALL LED LIGHTING FIXTURE (137 WATT
ATB2 COBRA HEAD
EA
23
23
S
482.87
S 11,106.01
12
RDWY ILLUM FOUNDATION TY 3,5,6, AND 8
EA
13
13
S
1,311.27
S 17,046.51
14
FURNISH INSTALL RDWAY ILLUM TY 18 POLE
EA
13
13
S
2,547.33
S 33 115.29
16
DEMO EXISTING STREETLIGHTS
EA
8
8
S
959.20
S 7,673.60
17
DEMO EXISTING STREETLIGHT CONDUIT
LF
1,506
1,506
S
3.75
S 5,647.50
Street Lights Subtotal
S 119,671.43
Paving Subtotal
Storm Drain Subtotal
Street Lights Subtotal
S 1,066,226.25
S 235,271.82
S 119,671.43
CONSTRUCTION SUBTOTAL
5 1,421,169.50
Other Eligible Items
Description
Engineering, Surveying and Material Testing
20"/6
of Paving & Storm Drain
S 284,233.90
Total Value of Capacity Provided
$ 1,705,403.40
Transportation Impact Fee Credit Agreement — Page 29
CA-21-008 of 31
CA-21-OC
Existing Demand (Building Permits in Review)
Number of Permits 4�
CPN 102825
1r847,690.41
Street
No
Street
Permit No.
Collection
Rate
Credit Ava i lable
953
American Flyer 61-.,c1
PB22-093G5
3 750.00
-�184.3 94U_41
956
American Flyer 61•:c1
PB22-09299
3 750.00
$ 1 840 190.41
957
American Flyer 61-.c1
PB22-09306
"
3 750.00
$ 1 836444.41
961
American Flyer 61-.c1
PB22-09309
3 750.00
$ 1 832 15%.41
965
American Flyer Blvd
P 622-09313
S
3,750.00
$ 1 828 940.41
960
American Flyer Blvd
P622-M300
3 750.00
1,825,190.41
964
American Flyer 61,rd
PB22-09304
5
3 750.00
1,821,440.41
1005
American Flyer Blvd
PB22-09317
3 750.00
$ 1 817 6%.41
1009
American Flyer Blvd
P 622-M319
"
3 750.00
$ 1,813,940.41
1013
American Flyer Blvd
P622-09320
3 750.00
$ 1r810,190.41
1017
American Flyer Blvd
P 622-M322
3 750.00
$ 1 806 440.41
11004
Bass Creek TO
P 622-09245
3 750.00
1 8O2 690.41
11000
Bass Creek TO
P 622-09246
3 750.00
1 798 940.41
10920
Bass. Creek TO
P 622-09247
3 750.00
$ 1 795 190.41
10924
Bass Creek TO
P 622-M248
"
3 750.00
$ 1 791444.41
11020
Bass Creek TO
P B22-09249
3 750.00
$ 1 787 690.41
1001
American Flyer Blvd
P 622-09314
3 750.00
$ 1,78S,940.41
1304
Black Falls Rd
P 622-09422
3 750.00
1 780 190.41
904
Bu dinglon Ave
PB22-11209
3750.00
1776440.41
11008
Bass Creek TO
P B22-11209
3 750.00
$ 1 772 690.41
11012
Bass Creek TO
P B22-11211
"
3 750.00
1 768 W.41
11016
Bass Creek TO
PB22-11213
3 750.00
$ 1 765 190.41
1301
Black Falls Rd
PB22-11414
3 750.00
$ 1 761440.41
1305
Black Falls Rd
PB22-11415
3 750.00
1 757 6%.41
1300
Black Falls Rd
P B22-11419
3 750.00
1 753 940.41
1012
American Flyer Blvd
PB22-13765
3 750.00
$ 1 750 190.41
1016
American Flyer Blvd
PB22-13771
"
3 750.00
$ 1 746 440.41
10801
Bass Creek TO
P B22-13781
"
3 750.00
$ 1 742 690.41
10821
Bass Creek TO
P B22-13786
3 750.00
$ 1,738,940.41
10825
Bass Creek TO
P 622-13787
3 750.00
$ 1,795,190.41
10804
Bass. Creek TO
P B22-13789
3 750.00
1 731440.41
10812
Bass. Creek TO
P B22-13789
3 750.00
$ 1 727 6%.41
10816
Bass. Creek TO
PB22-13796
"
3 750.00
$ 1 723 940.41
10820
Bass Creek TO
P B22-13819
"
3 750.00
$ 1,720,190.41
10824
Bass. Creek TO
PB22-13820
3 750.00
$ 1r716,440.41
11021
Bass Creek TO
P B22-13M
3 750.00
$ 1r712,690.41
11017
Bass Creek TO
PB22-13824
3 750.00
1 748 940.41
1020
American Flyer Blvd
PB22-13862
5
3 750.00
1 745 190.41
11024
Bass Creek TO
PB22-13917
"
3 750.00
$ 1,701,440.41
11036
Bass. Creek TO
PB22-14197
"
3 750.00
$ 1,697,690.41
11033
Bass, Creek TO
P B22-14177
3 750.00
$ 1 693 940.41
11041
Bass. Creek TO
PB22-14179
S
3,750.00
$ 1 69D 190.41
11025
Bass. Creek TO
PB22-14194
3 750.00
1r686,440.41
11029
Bass Creek TO
PB22-14033
3 750.00
1 682 6%.41
11005
Ocelot St
PB22-14237
"
3 750.00
$ 1 678 W.41
10805
Bass Creek TO
PB22-14272
"
3 750.00
$ 1 675 190.41
11009
Ocelot St
PB22-14239
3 750.00
$ 1 671440.41
11032
Bass Creek TO
PB22-14196
S
3,750.00
$ 1,667,690.41
11037
Bass. Creek TO
PB22-14179
3,750.00
1r663,940.41
Credit Remeining
$ 1.663,940.41
Existing Demand
$185,750.00
Page 30
of 31
EXHIBIT F
Allocation of Credits
First-Come/First-Served within the boundaries of PP-21-028.
�
I
5 y
L _
i
Y "�y5` 71�f29f6 J,
i fJ
4 4
if
I
�
ffr
iPC.ffp! r 'F�9:ia �
5
Transportation Impact Fee Credit Agreement — Page 31
CA-21-008 of 31