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HomeMy WebLinkAboutContract 30813 COMMUNITY FACILITIES AGREEMENT THE STATE OF TEXAS § City Secretary P . COUNTY OF TARRANT § Contract No. r WHEREAS, Lennar Homes of Texas Land and Construction, Ltd. hereinafter called "Developer", desires to make certain improvements to Kingspoint Phase 1, an addition to the City of Fort Worth, Texas; and WHEREAS, the said Developer has requested the City of Fort Worth, a municipal corporation of Tarrant and Denton Counties, Texas, hereinafter called "City", to do certain work in connection with said improvements. NOW, THEREFORE, KNOW ALL BY THESE PRESENTS: That said Developer, acting herein by and through Steve Lenart , its duly authorized Vice President, and the City, acting herein by and through Marc Ott, its duly authorized Assistant City Manager, for and in consideration of the covenants and conditions contained herein, do hereby agree as follows: I. General Requirements A. The Policy for the Installation of Community Facilities ("Policy") dated March 2001, approved by the City Council of the City of Fort Worth, is hereby incorporated into this Community Facilities Contract as if copy herein verbatim. Developer agrees to comply with all provisions of said Policy in the performance of its duties and obligations hereunder. B. The requirements of the Policy shall govern this Community Facilities Agreement, provided, however, that any conflict between the terms of this Community Facilities Agreement and the Policy shall be resolved in favor of this Agreement. C. Developer shall provide financial security in conformance with paragraph 6, Section lI, of the Policy. D. The Developer shall award all contracts for the construction of Community facilities in accordance with Section 11, paragraph 7 of the Policy. E. The contracts for the construction of the public infrastructure shall be administered in conformance with paragraph 8, Section 11, of the Policy. F. The Developer further covenants and agrees to, and by these presents does hereby, fully indemnify, hold harmless and defend the City, its officers, agents and i C:\Documents and Settings\Trempe1DA\Desktop\Kinespoint CFA's\CFA f-EV ISED FORMAT WITH 4%Kinaspoint Ph Ldoe employees from all suits, actions or claims of any character, whether real or asserted, brought for or on account of any injuries or damages sustained by any persons (including death) or to any property, resulting from or in connection with the construction, design, performance or completion of any work to be performed by said Developer, his contractors, subcontractors, officers, agents or employees, or in consequence of any failure to properly safeguard the work, or on account of any act, intentional or otherwise, neglect or misconduct of said DEVELOPER, his contractors, sub-contractors, officers, agents or employees, whether or not such injuries, death or damages are caused, in whole or in part, by the alleged negligence of the City of Fort Worth, its officers, servants, or employees. G. Developer shall install or adjust all of the required utilities to serve the development or to construct the improvements required herein. H. In the event that City participation exceeds $25,000, Developer agrees that no street construction or storm drainage will begin prior to City Council approval of this Community Facilities Agreement. (Article 104.100, Ordinance 7234). I. Developer agrees that no lot shall be occupied under a certificate of occupancy until the improvements required herein have been constructed (Article 104.100, Ordinance 7234). J. Developer hereby releases and agrees to indemnify and hold the City harmless for any inadequacies in the preliminary plans, specifications and cost estimates supplied by the Developer for this contract. K. Developer agrees to provide, at its expense, all necessary rights of way and easements across property owned by Developer required to construct current and future improvements provided for in this agreement. L. Developer agrees to construct proposed improvements as shown on the exhibits attached hereto. The following exhibits are made a part hereof. Water (A) None; Sewer (A-1) None; Paving (B) attached; Storm Drain (B-1) attached; Street Lights and Signs (C) attached. Il. Street and Storm Drain Facilities A. The Developer(s) agree to install or to cause to have install0 t-he-,stxeet,_storm drainage, street lighting, street name sign and other ' mmunity facilities C\Documents and Settings\TremperDA\Desktop\Kingspoint CFA's\CFA2REVISED FORMAT WITH 4%Kingspoint Ph I.doc J improvements shown as "current improvements" on the attached Exhibits B, B1, and C. B. As shown below in the "Summary of Cost for Street and Storm Drain Facilities", the Developer shall fund its share of "current improvements" and shall pay to the City for its share of the cost of street, storm drainage, street lighting, street name signs as shown on the attached Exhibits B, 131, and C. The estimated total cost of current improvements and related support services specified in this agreement, including design, construction and inspection is estimated to $ 879,564.68. Item Developer City Cost Total Cost Cost A. Construction 1. Streets $433,491.00 $433,491.00 2. Storm Drainage $373,494.27 $373,494.27 3. Street Lights $39,600.00 $39,600.00 4. Street Name Signs $700.00 $700.00 B. Engineering Design C. Construction Engineering and Management by DOE 4% $32,279.41 $32,279.41 TOTALS $879,564.68 $879,564.68 Notes: 1. All Preliminary Plats filed after July 2000, will require sidewalks on all streets. Sidewalk cost is included under street cost. The developer is responsible for installation of sidewalk. 2. Developer's column for Item C represents four percent (4%) cost for construction inspection fees and materials testing. The City will pay additional inspection fee over 4%. 3. City not preparing plans and specifications. lUa ..r'✓:.1i it VI� 1 G:UOB\013213\CORRESP\CFAPAV&STORM20040831.doc 3 Future Improvements — Developer to pay $42,700.00 (1/2 of 130' ROW) for future improvements of McPherson Road, prior to filing of Final Plat for the referenced project. IN TESTIMONY WHEREOF, the City of Fort Worth has caused this instrument to be executed in quadruplicate in its name and on its behalf by its Assistant City Manager, attested by its City Secretary, with the corporate seal of the City affixed, and said Yeveloper has executed this instrument in triplicate, at Fort Worth, Texas this the. P'day of , 2004. Approval Recommended: Transportation and Public Works Department contract iAuthorizatioa (� Robert Goode, P. E. Director Datt9 ATTEST: City Of Fort Worth fN-\ By: �j&Y--N y'p,,� � Marc Ott City Secretary Assistant City Manager 7 ro ed as to Form: Assi ant i ttorney ATTEST: By: Lennar Homes of Texas Land and Corporate Secretary Construction, Ltd. a Texas Limited Partnership By: Lennar Texas/Rolding Company, a Texas CoRgation, its General Partner By: Steve Lenart, a President Date: `� ( L' `-REC E IV G-VOB\013213\CORRESP\CFAPAV&STOttM20040831 doc 4 CB 013213.010 Page3 . .. CARTER&BURGES;%lH 777 MAIN &T.Et FORT WQRTH, 1` XAS 7G E0 KINGSPOINT PHASE I 31-Aug-2004 PAVING ITEM# IDESCRIPTION QTY UNIT" PRICE AMOUNT 1 6" Lime Stabilized Sub rade 20,872 EA. 1.50 31,308.00 2 Hydrated Lime 313 TON 85.00 26,605.00 3 6" R.C. Street Pvmt w/7" Curb 20,243 S.Y. 17.50 354,252.50 4 Asphalt Pvmt (at Kin s oint Blvd)* 375 S.Y. 19.50 7,312.50 5 Sidewalks (By Developer) 3,771 S.F. 3.00 11,313.00 6 Sidewalk Rams 2 EA. 850.00 1,700.00 7 1 Storm Water Management 1 L.S. 1,000.00 1,000.00 SUBTOTAL PAVING $433,491.00 jj PAVING - ESCROW 1/2 OF McPHERSON ROAD (FUTURE 130' R.O.W.) ITEM# IDESCRIPTION QTY UNIT PRICE AMOUNT 1 8" R.C. STREET PVMT W/7" CURB 1050 S.Y. $27.00 $28,350.00 2 6" LIME STABALIZED SUBGRADE 1075 S.Y. $1.50 $1,612.50 3 HYDRATED LIME 30#/SY 16 TON $85.00 $1,360.00 4 FUTURE STORM DRAIN 236 L.F. $30.00 $7,080.00 5 UNCLASSIFIED EXCAVATION 5551 C.Y. $3.50 $1,942.50 6 4'S DEWALK 1 1951 L.F. $12.00 $2,340.00 TOTAL ESCROW 1/2 OF McPHERSON ROAD $42,700.00 TOTAL PAVING, ESCROW INCLUDED $476,191.00 G:\JOB\013213\EST\Ph1 CFA20045053.XLS CB 013213.010 Page4 CARTER 8�BURSS;�N 7M-. NAIWSTRE T, FQRT,ylE4ERTH, :TEj(AS; 76102 HNfJ X817)73 -E�4� KINGSPOINT PHASE I 31-Aug-2004 STORM DRAIN SYSTEM ITEM# IDESCRIPTION QTY UNIT PRICE AMOUNT 1 10x3 Box Culvert 520 L.F. $253.00 $131,560.00 2 8x3 Box Culvert 221 L.F. $232.99 $51,490.79 3 7x3 Box Culvert 37 L.F. $213.04 $7,882.48 4 4x3 Box Culvert 562 L.F. $112.24 $63,078.88 5 3x3 Box Culvert 142 L.F. $92.11 $13,079.62 6 5x2 Box Culvert 126 L.F. $133.96 $16,878.96 7 36" RCP 301 L.F. $63.15 $19,008.15 8 27" RCP 280 L.F. $43.65 $12,222.00 9 24" RCP 66 L.F. $38.61 $2,548.26 10 21" RCP 20 L.F. $34.71 $694.20 11 Trench Safe Storm Drain 2,435 L.F. $0.15 $365.25 12 Standard 10' Curb Inlet 3 EA. $2,325.00 $6,975.00 13 Standard 15' Curb Inlet 9 EA. $2,900.00 $26,100.00 14 10'x3' Headwall Icluding Grade to Drain 1 EA. $4,100.00 $4,100.00 15 27" Type B Headwall 1 EA. $1,375.00 $1,375.00 16 4' S uare Manhole 1 EA. $3,450.00 $3,450.00 17 6' S uare Manhole 1 EA. $3,975.00 $3,975.00 18 Manhole Riser 3 EA. $633.56 $1,900.68 19 Rock Rip Rap 117 C.Y. $30.00 $3,510.00 20 Storm Water Management 1 EA. $500.00 $500.00 21 4' DropInlet 1 EA. $2,800.00 $2,800.00 TOTAL STORM DRAIN SYSTEM $373,494.27 G:\JOB\013213\EST\Ph 1 C FA20045053.XLS CB 013213.010 Page5 CARTER& BURGESS,INC. :::777 MAIN STREET,: ORT WORTH: TEXAS; . 76102 �'HONI`14-0—(847):735.600.Q KINGSPOINT PHASE I 31-Aug-2004 STREET LIGHTS & SIGNS ITEM# DESCRIPTION QTY UNIT PRICE AMOUNT 1 STREET LIGHTS 18 EA. $2,200.00 $39,600.00 2 STREET SIGNS 7 EA. $100.00 $700.00 TOTAL STREET LIGHTS/SIGNS $40,300.00 G:\JOB\013213\EST\Phl CFA20045053.XLS y o y o • � o V m N N W O O Q wZO�W �gm a w J RE Q U — o V, - N O I 315 gg SS M 33 { I O M AAO.L t b 1 ,b�miO-.33 RC1 J 153110] i1Oi1 Q- 33va 315 33 OOOM,MwS Lu 3W AlNr0: NVwa3A3 Z O 1 U O MOS O �7 OU Q �- Z W � r I Q ,3v/ w r O U 'U J r o � O J a 3 3/OG0)W t2 w 3'1015 r 3H-LA a AVM ,�„ N3 tl3 dm v,".Oj u -, nos3iare o,o _ y 4 t! 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Pipe Including 402 Trench Excavation and Backfill, complete in place for the sum of Sixty-Three Dollars & Fifteen Cents per Linear Foot $ 63.1 $ 19,008.15 440 7. 126 L.F. 5' x 2' Box Culvert Including Trench 402 Excavation and Backfill, complete in place for the sum of One Hundred Thirty-Three Dollars & Ninet -Six Cents per Linear Foot $ 133.96 $ 16,878.96 440 8. 280 L.F. 27" Class III R.C. Pipe Including 402 Trench Excavation and Backfill, complete in place for the sum of i Forty-Three Dollars & Sixty-Five Cents per Linear Foot $ 43.65 $ 12,222.00 013213.010.00A.doc P-1 1 SPEC PAY APPROXIMATE DESCRIPTION OF ITEMS WITH BID UNIT AMOUNT ITEM ITEM QUANTITY PRICES WRITTEN IN WORDS PRICE BID 440 9. 66 L.F. 24" Class III R.C. Pipe, including trench 402 excavation and backfill, complete in place for the sum of Thirty-Eight Dollars & Sixt -One Cents per Linear Foot $ 38.61 $ 2,548.26 440 10. 20 L.F. 21" Class III R.C. Pipe, including trench 402 excavation and backfill, complete in place for the sum of Thirty-Four Dollars & Sevent -One Cents per Linear Foot $ 34.71 $ 694.20 444 11. 9 Ea. 15' Standard Curb Inlet, complete in place for the sum of Two Thousand Nine Hundred Dollars & No Cents per Each $ 2,900.00 $ 26,100.00 444 12. 3 Ea. 10' Standard Curb Inlet, complete in place for the sum of Two Thousand Three Hundred Twenty-Five Dollars & i No Cents per Each $ 2,325.00 $ 6,975.00 410 13. 1 Ea. 4' Square Storm Drain Manhole, complete in place for the sum of Three Thousand Four Hundred Fifty Dollars & No Cents per Each $ 3,450.00 $ 3,450.00 013213.010.00A P-12 1 SPEC PAY APPROXIMATE DESCRIPTION OF ITEMS WITH BID UNIT AMOUNT ITEM ITEM QUANTITY PRICES WRITTEN IN WORDS PRICE BID 410 14. 1 Ea. 4' x 4' Drop Inlet, complete in place for the sum of Two Thousand Eight Hundred Dollars & No Cents per Each $ 2,800.00 $ 2,800.00 410 15. 1 Ea. 6' Square Storm Drain Manhole, complete in place for the sum of Three Thousand Nine Hundred Seventy-Five Dollars & N Cents per Each $ 3,975.00 $ 3,975.00 410 16. 3 Ea. 4' Diameter Manhole Riser, complete in place for the sum of Six Hundred Thirty-Three Dollars & Fift -Six Cents per Each $ 633.56 $ 1,900.68 410 17. 1 Ea. 10' x 3" Type "B" Headwall (includes Grade to Drain Excavation), complete in place for the sum of Four Thousand One Hundred Dollars & No Cents per Each $ 4,100.00 $ 4,100.00 410 18. 1 Ea. 27"Type "B" Headwall (includes Grade to Drain Excavation), complete in place for the sum of One Thousand Three Hundred Seventy-Five Dollars & No Cents per Each $ 1,375.00 $ 1,375.00 013213.010.00A P-13 SPEC PAY APPROXIMATE DESCRIPTION OF ITEMS WITH BID UNIT AMOUNT ITEM ITEM QUANTITY PRICES WRITTEN IN WORDS PRICE BID 410 19. 117 S.Y. Rock Rubble Rip Rap Thirty Dollars & No Cents per Square Yard $ 30.00 $ 3,510.00 525 20. 2,435 L.F. Trench Safety No Dollar & Fifteen Cents per Linear Foot $ 0.15 $ 365.25 21, 1 L.S. Storm Water Management Five Hundred Dollars & No Cents per Lump Sum $ 500.00 $ 500.00 SECTION C - - - STORM DRAIN SYSTEM: $373,494.27 013213.010.00A P-14 Id PART B - PROPOSAL (cont.) dWithin ten (10) days after acceptance of this Proposal, the undersigned will execute the formal contract and will deliver an approved Surety Bond and such other bonds as required by the Contract Documents, for the faithful performance of the Contract. The attached bid security in Id the amount of 5% is to become the property of the Developer, in the event the contract and bond or bonds are not executed and delivered within the time above set forth, as liquidated ddamages for delay and additional work caused thereby. The undersigned bidder certifies that he has been furnished at least one set of the General Contract Documents and General Specifications for Water Department Projects dated January 1, 1978, and that he has read and thoroughly understands all the requirements and conditions of those General Documents and these specific Contract Documents and appurtenant plans. The undersigned assures that its employees and applicants for employment and those of any labor organization, subcontractors or employment agency in either furnishing or referring employee applicants to the undersigned are not discriminated against as prohibited by the terms of City Ordinance No. 7278 as amended by City Ordinance No. 7400. The Bidder agrees to begin construction within 10 calendar days after issue of the work order by the Owner, and to complete the contract within 40 working days after beginning construction as set forth in the written work order to be furnished by the Owner. (Complete A or B below, as applicable:) �]— A. The principal place of business of our company is in the State of _. [ J Nonresident bidders in the State of our principal place of business are required to be_ percent lower than resident bidders by state law. A copy of the statute is attached. [] Nonresident bidders in the State of , our principal place of business, are not required to underbid resident bidders. [ ] B. The principal place of business of our company or our parent company or dmajority owner is in the State of Texas. d d013213.010.00A.doc P-16 Receipt is acknowledged of the following addenda: Addendum No. 1 Addendum No. 2 Addendum No. 3 Respectfully submitted, C. W. YouncL Construction L.P. ( SEAL ) BY: If Bidder is Corporation. TITLE: ADDRESS: 210 S. Sixth Street Mansfield, Texas 76063 013213.010.00A.doc P-17 PROPOSAL (This Proposal must not be removed from this book of Contract Documents) TO: LENNAR HOMES OF TEXAS LAND AND CONSTRUCTION, LTD. DEVELOPER June 2004 c/o CARTER & BURGESS, INC. FOR: STREET IMPROVEMENTS FOR KINGSPOINT PHASE I DEPARTMENT OF ENGINEERING No. 4519 Pursuant to the foregoing "Notice to Bidders," the undersigned bidder having thoroughly examined the Contract Documents, Plans, Special Provisions, Standard Special Provisions, the site of the project, and understanding the amount of work to be done, and the prevailing conditions hereby proposes to do all the work as provided in the Plans and Contract Documents subject to inspection and approval by the Director of Public Works of the City of Fort Worth, Texas, and binds himself upon acceptance of this Proposal to execute a contract and furnish an approved Performance Bond and Payment Bond, and such other bonds as may be required by the Contract Documents, for the performing and completing of the said work. Contractor proposes to do the work within the time stated and for the following sums: (Furnish and Install, including all appurtenant work, complete in place, the following items): SPEC PAY APPROXIMATE DESCRIPTION OF ITEMS WITH BID UNIT AMOUNT ITEM ITEM QUANTITY PRICES WRITTEN IN WORDS PRICE BID STREET IMPROVEMENTS 210 1. 20,872 S.Y. 6" Lime Stabilized Subgrade (Includes Preparation of Subgrade), complete in place for the sum of One Dollar & Fifty Cents per Square Yard $ 1.50 $ 31,308.00 212 2. 313 Tons Lime for Subgrade (30#/S.Y.)' complete in place for the sum of Eighty-Five Dollar & No Cents per Ton $ 85.00 $ 26,605.00 013213.0103 P- 1 moll SPEC PAY APPROXIMATE DESCRIPTION OF ITEMS WITH BID UNIT AMOUNT ITEM ITEM QUANTITY PRICES WRITTEN IN WORDS PRICE BID r 314 3. 20,243 S.Y. 6" Reinforced Concrete Pavement (Includes Joint Sealer, and 7" STD Attached Concrete Curb), complete in 10 place for the sum of Seventeen Dollar& Fifty Cents per Square Yard $ 17.50 $ 354,252.50 4. 375 S.Y. Temporary Asphalt Transition Pavement per Details in Plans, complete in place for the sum of Nineteen Dollar& Fifty Cents per Square Yard $ 19.50 $ 7,312.50 5. 3,771 S.Y. 4' Sidewalk, complete in place for the sum of Three Dollar& No Cents per Square Yard $ 3.00 $ 11,313.00 6. 2 EA. Sidewalk Ramps Eight Hundred Fifty Dollar& No Cents per Each $ 850.00 $ 1,700.00 7. 1 L.S. Storm Water Management One "thousand Dollar& No Cents per Lump Sum $ 1,000.00 1 $ 1,000.00 TOTAL STREET IMPROVEMENTS --- $433,491.00 City of Fort Worth requires a minimum of 30#/S.Y. The Paving Contractor will be responsible for a lime series test as directed by the City of Fort Worth Construction Inspection Department. 013213.010.B.doc P-2 This contract is issued by an organization which qualifies for exemption pursuant to the provisions of Article 20.04(F) of the Texas Limited Sales, Excise and Use Tax Act. Taxes: All equipment and materials not consumed by or incorporated into the project construction, are subject to State sales taxes under House Bill 11, enacted August 15, 1991. The successful Bidder shall be required to complete the attached Statement of Materials and Other charges at the time of executing the contract. The Contractor shall comply with City Ordinance 7278, as amended by City Ordinance 7400 (Fort Worth City Code Sections 13-A-21 through 13-A-29), prohibiting discrimination in, employment practices. The undersigned agrees to complete all work covered by these Contract Documents within 35 working days from and after the date for commencing work, as set forth in the written Work Order to be issued by the Owner, and to pay not less than the "Prevailing Wage Rates for Streets, Drainage and Utility Construction," as established by the City of Fort Worth, Texas. Within ten (10) days of receipt of notice of acceptance of this bid, the undersigned will execute the formal contract, and will deliver an approved Surety Bond for the faithful performance of this contract. The attached deposit check in the sum of 5% GAB Dollars Bid Bond) is to become the property of One Woodland Springs, Ltd. or the attached Bidder's Bond is to be forfeited in the event the contract and bond are not executed within the time set forth as liquidated damages for delay and additional work caused thereby. Respectfully submitted, Site Concrete Inc. By: RK1 s BON Ey Title: 11ZE 51 p e >J- Address: 3340 Roy Orr Boulevard Suite 100 Grand Prairie, Texas 75050 (S E A L) If Bidder is Corporation Date Receipt is acknowledged of the following addenda: Addendum No. 1 Addendum No. 2 Addendum No. 3 013213.010.B.doc P-3 I. STREET LIGHT COST ESTIMATE QUANTITY UNIT COST TOTAL COST INTERSECTIONS 7 EA $ 2 , 000 $14 , 000 . 00 MID-BLOCK RESIDENTIAL 5 EA $ 2 , 000 $10, 000 . 00 CHANGE OF DIRECTION RESIDENTIAL 6 EA $ 2 , 000 $12 , 000 . 00 MID-BLOCK COLLECTOR 0 EA $ 2, 000 $0, 000 .00 MID-BLOCK ARTERIAL PARKWAY 0 EA $ 2, 500 $0, 000 .00 MID-BLOCK ARTERIAL MEDIAN 0 EA $ 2 , 500 $0, 000 . 00 RELOCATE EXISTING LIGHT 0 EA $ 1, 500 $0, 000 . 00 Subtotal $36, 000 .00 City' s Cost $00, 000 . 00 Developer' s Subtotal $36, 000 .00 10% Contingencies $3, 600 .00 Project Total $39, 600 .00 Adjacent Developer's Cost $0, 000.00 Developer's Cost $39,600.00 2% Inspection Fee $0, 00 .00 (CFA CODE 2004088) DEVELOPER' S COST: $39, 600 .00 KINGSPOINT, PHASE I July 12, 2004 Fort Worth, Texas July 26, 2004 PAGE I OF Exhibit C II. STREET LIGHTS WORK DESCRIPTION: 1 . The Developer shall provide for the installation of streetlights at the approximate locations shown in Exhibit "C" , immediately after final acceptance of the street construction, in accordance with engineering plans and specifications approved by the Transportation and Public Works Department . 2 . Streetlights on residential and /or collector streets can be installed using overhead or underground conductors with the approval of the Director of Transportation and Public Works . 3 . The City will install all the streetlights that use overhead or underground conductors on residential, and collector streets. the developer agrees to pay the city the amount shown below prior to the City starting it' s design efforts. 4 . Streetlights on arterial streets shall be installed with underground conduit and conductors . 5 . The Developer agrees to dedicate all easements required for the installation and maintenance of the street lights and to provide for the installation of any electrical transformers required for the proper operation of the street lights 6 . The estimated cost of this street light installation is detailed on page 1 of exhibit C and is summarized below, the street lights will remain the property of, and will be maintained by the City of Fort Worth. DEVELOPER'S COST: $39,600.00 KINGSPOINT, PHASE I July 12, 2004 FORT WORTH, TEXAS (CFA CODE 2004088) Page II of Exhibit C III. "STREETLIGHTS" INTERSECTIONS ROYAL MEADOWWS TRL & HAZLENUT DR 1 KINGSPOINT BLVD & CASTLE RIDGE RD 1 KINGSPOINT BLVD & MCPHERSON RD 1 CASTLE RIDGE RD & HAZLENUT DR 1 CASTLE RIDGE RD & KINGS GLEN DR 1 CASTLE RIDGE RD & QUEENS BROOK LN 1 QUEENS BROOK LN & HAZLE BROOK LN 1 MID - BLOCK CASTLE RIDGE RD 4 KINGS POINT BLVD 1 CHANGE OF DIRECTIONS ROYAL MEADOWS TRL 2 CASTLE RIDGE RD 1 QUEENS BROOK LN 2 HAZLENUT DR 1 KINGSPOINT, PHASE I Page III of Exhibit C IV STREET NAME SIGNS 1 . The City of Fort Worth will install the street name signs upon final approval of the street construction. The street name signs will remain the property of, and will be maintained by, the City of Fort Worth. 2 . The Developer will pay for the street name sign installations required for this development to the extent of $100 . 00 per intersection. This unit cost will be revised annually by the Department of Transportation and Public Works to reflect prevailing costs of materials and labor. 3 . This development creates the following seven (7) intersections at a cost to the Developer of $700.00 : McPherson Rd & Kings Point Blvd Castle Ridge Rd & Kings Point Blvd Castle Ridge Rd & Hazelnut Dr Castle Ridge Rd & Kings Glen Dr Castle Ridge Rd & Queens Brook Lane Queens Brook Lane & Hazelnut Dr Royal Meadows Tr & Hazelnut Dr Kingspoint Phase 1 CFA code: 2004088 Date : June 28, 2004