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HomeMy WebLinkAboutContract 47145 COMPLETION AGREEMENT This Completion Agreement ("Agreement) is made and entered into by and among the City of Fort Worth ("City"), and FG ALEDO DEVELOPMENT, LLC.—', a Texas Limited Liability Company,("Developer"), and SOUTHWEST BANK ("Lender"), effective as of SEPTEMBER 15, '2015. The City, the Developer and the Lender are hereinafter collectively called the "Parties". WITNESSETH: WHEREAS, the Developer owns that certain tract of real property that contains approximately' 14.642 'acres that is located in the City, the legal description of which tract of real property is marked Exhibit "A" — Legal Description, attached hereto and incorporated herein for all purposes (which tract of real property is hereinafter called the "Property"); and WHEREAS, the Developer intends to develop the Property as an addition to the City through plat FP, 014-082 or FS_',; and WHEREAS, the Developer and the City have entered into a Community Facilities Agreement relating to the development of MORNINGSTAR — SECTION 6, PHASE 1 ''(hereinafter called the "CFA"); and WHEREAS, the City has required certain assurances of the availability of funds to complete the streets, street signs and lights, and the water and sewer utilities for the development of the Property (herein collectively called the "Community Facilities"), and WHEREAS, in order to provide such assurances as have been required by the City, the Lender has agreed to advance certain funds to the City for Hard Costs (which term is hereinafter defined) subject to, and in accordance with, the terms, provisions and conditions of this Agreement; and WHEREAS, the Developer has granted to the Lender as additional security for the Loan (which term is hereinafter defined) a security interest in all plans and specifications for the development of the Property (hereinafter collectively called the "Plans"); and Rt'�i „� r �r lu ,y 3 ` WHEREAS, the Parties desire to set forth the terms and conditions of such accommodations as are described above. NOW THEREFORE, for and in consideration of the benefits to be derived from the mutual observance by the parties of the terms and conditions hereof, and for and in consideration of Ten Dollars ($10.00) and other good and valuable consideration, the receipt, adequacy and sufficiency of which are hereby acknowledged, the Parties agree as follows: 1 . Recitals. The foregoing recitals are true, correct and complete and constitute the basis for this Agreement and they are incorporated into this Agreement for all purposes. 2. The Completion Amount. The City and the Developer agree that the Hard Costs required to complete the Community Facilities in the aggregate should not exceed the sum of _ONE MILLION SEVENTY THOUSAND THREE HUNDRED NINETY FOUR DOLLARS AND NINETY FOUR CENT Dollars ($1,070,394.94), hereinafter called the "Completion Amount". Notwithstanding the foregoing, it is acknowledged that the actual costs of completion of the Community Facilities may vary as a result of change orders agreed to by the Parties, but such variances for the purposes of this Agreement shall not affect the Completion Amount as used herein. 3. Adjustments to the Completion Amount. The Lender may from time to time make advances to the Developer for the development of the Property under the development loan that has been made by the Lender to the Developer for the purpose of financing the costs of constructing the Community Facilities for the Property (the "Loan") subject to, and in accordance with, the terms, conditions and provisions of the Loan Documents (which term is hereinafter defined) evidencing and securing the Loan. Some of those advances shall be for Hard Costs as specified in the "Approved Budget" relating to the Loan, a copy of which Approved Budget is marked Exhibit "B", attached hereto and incorporated herein for all purposes, with the Hard Costs (which term is hereinafter defined) line items highlighted. The term "Hard Costs" shall mean the actual costs of construction and Page 2 of 13 installation of the Community Facilities. To the extent that advances under the Loan are for the payment of Hard Costs, the Completion Amount shall be deemed reduced, dollar for dollar. The Lender may withhold statutory retainage from any advances under the Loan or pursuant to this Agreement. All such retainage withheld, to the extent it is attributable to Hard Costs, shall also reduce the Completion Amount dollar for dollar. All retainage withheld by the Lender for Hard Costs that are advanced to the City pursuant to this Agreement shall be released to the City as provided in the Texas Property Code upon expiration of the statutory retainage period. 4. Completion by the Developer. The Developer agrees to complete the Community Facilities on or before the date for completion that is established in the Loan Documents plus thirty (30) days (hereinafter called the "Completion Date"), in accordance with the CFA, the Plans that are approved by the Lender and the City and all documents evidencing or securing the Loan (which documents are hereinafter collectively called the "Loan Documents"). For the purposes of this Agreement, the development of the Property shall be deemed complete upon acceptance by the City of the Community Facilities. The City shall promptly notify the Lender and the Developer upon such acceptance. 5. Completion by the City. In the event that either: (A) the development of the Property is not completed by the Completion Date for any reason whatsoever, or (B) the Developer is in default under the Loan, then the Lender, at its sole option, may request the City to complete development. The City may, at its sole option and at the cost and expense of the Developer, within 10 days from receipt of Lender's request, notify Lender that it will undertake to complete the Community Facilities and the City shall then commence, pursue, and complete the Community Facilities in a reasonably timely, diligent and workmanlike manner in accordance with the Plans, subject to the terms of this Agreement. The Lender and the Developer agree that the City may use the Plans as necessary to complete the Community Facilities. Page 3 of 13 If the City does not timely elect to complete the construction of the Community Facilities or if the Lender does not request the City to complete construction of the Community Facilities, then the Lender may at its election terminate this Agreement, or at its option, proceed to complete the Community Facilities, or foreclose on any of its collateral, or take any and all such action as may be provided under the Loan Documents. 6. Advance of Completion Costs to the City and Delivery of Hard Costs Collateral to the City. In the event the Lender has requested the City and the City has elected to complete the Community Facilities, Lender shall transfer to the City all remaining undisbursed Hard Costs specified in the Approved Budget within 10 days of the date that the City elected to complete and provided Lender with written notice of such election. The Developer hereby authorizes and instructs the Lender to make the transfer of any remaining undisbursed Hard Costs specified in the Approved Budget to the City within 10 days of notification that the City elects to complete the Community Facilities. In the event the cost to complete the Community Facilities exceeds the moneys transferred to the City, City shall notify Lender and Developer in writing of the need of additional funds. The additional funds required to complete the Community Facilities shall be delivered to the City within 10 business days following notification to Lender and Developer. Failure to deliver the additional funds shall relieve the City of the obligation to complete the Community Facilities, in which event City shall use the Hard Costs funds in its possession to pay the contractor(s) all funds due it/them. Any remaining undisbursed Hard Costs shall be returned to Lender within a reasonable time. 7. Completion by the Lender. The Lender may, at its discretion, but shall not be obligated to, undertake to complete the Community Facilities if there is any default under any Loan Documents in lieu of requesting the City to complete the Community Facilities. If the Lender elects to complete Page 4 of 13 the Community Facilities, any Hard Costs it expends shall, dollar for dollar, reduce the Completion Amount. 8. Easements. In the event the City or the Lender undertakes the completion of the Community Facilities, the Developer (and to the extent necessary the Lender) grants to the City and the Lender open access to the Property and shall execute and deliver such temporary easements over and across the entirety of the Property for the purpose of access and use for the completion of the construction of the Community Facilities in accordance with this Agreement. To the extent requested by the City and the Lender, written temporary construction easements in form acceptable to the City and the Lender shall be executed by the Developer and filed of record. Nothing in this paragraph shall reduce any rights of the Lender or obligations of the Developer under the Loan Documents. 9. Lender's Riehts. Nothing in this Agreement shall affect any portion of the Lender's collateral for the Loan or limit or impair the Lender's right to foreclose the same or deal with the collateral as it elects in accordance with the Loan Documents. 10. Satisfaction of the City Requirements. The City agrees that the assurances and covenants contained in this Agreement satisfy all requirements of the City with respect to payment and performance bonds or other requirements for security in connection with the development of the Property and the completion of the Community Facilities that are contained in the CFA or in any other agreement relating thereto, and the City hereby accepts the assurances and covenants contained herein in lieu thereof. To the extent the CFA irreconcilably conflicts with this Agreement, the provisions of this Agreement shall control. 11. Termination. This Agreement shall terminate upon the earlier to occur of the following: (a) acceptance by the City of the Community Facilities; (b) mutual written agreement of all of the Parties; or (c) the reduction of the Completion Amount to zero. However, release of the plat Page 5 of 13 shall be governed by paragraph 12 hereof and termination pursuant to (b) or (c) of this paragraph 11 shall not require the City to release the plat. 12. Final Plat. The Parties acknowledge and agree that the City shall hold the final plat of the Property until the Community Facilities are completed and accepted by the City and all Hard Costs contractors have been paid, less retainage. Upon acceptance by the City and receipt of evidence from the Developer showing that all Hard Costs contractors have been paid, including but not necessarily limited to lien waivers and bills paid affidavits, the City shall within a reasonable time file the final plat for the Property in the Plat Records of the county where the Property is located. The purpose of the City retaining the final plat of the Property as provided herein is to guarantee the Developer's obligations under the CFA are completed. 13. Construction Contracts. Developer agrees to include in each Construction contract that it enters into for the completion of the Community Facilities the following: a. A statement that the City is not holding any security to guarantee any payment for work performed on the Community Facilities; b. A statement that the Property is private property and that same may be subject to mechanic's and materialman's liens; c. A requirement that each contractor contracting with the Developer release the City from any claim that is related to the Property; and d. A requirement that each contractor contracting with the Developer include in each subcontract the statements contained in a., b., and c. above. 14. Miscellaneous. A. Non-Assignment of Agreement. This Agreement may not be assigned by any of the Parties without the prior written consent of all the other Parties. B. Notice. Any notice required or permitted to be delivered under this Agreement shall be deemed received on actual receipt by the appropriate party at the following addresses: Page 6 of 13 (i) Notice to the City shall be addressed and delivered as follows: City of Fort Worth Planning and Development Department 1000 Throckmorton Street Fort Worth, Texas 76102 Attention: CFA Division David Schroeder, Development Manager Email: David.Schroeder @fortworthgov.org Confirmation Number: 817-392-2239 and/or Attention: CFA Division Jana Knight, Administrative Assistant Email: Jana.Knight 9fortworthgov.org Confirmation Number: 817-392-2025 With a copy thereof addressed and delivered as follows: Douglas W. Black Office of the City Attorney City of Fort Worth 1000 Throckmorton Street Fort Worth, Texas 76102 Confirmation Number: 817-392-7607 (ii) Notice to the Developer shall be addressed and delivered as follows: FG ALEDO DEVELOPMENT, LLC, KIM GILL'' 3045 LACKLAND ROAD' FORT WORTH, TEXAS 76116, (817) 731-7595 (iii) Notice to the Lender shall be addressed and delivered as follows: SOUTHWEST BANK, ALEC BARRY] [ALEC BARRY, 817-298-5585! Page 7 of 13 2200 WEST 7TH STREET FORT WORTH, TEXAS 76102 A party may change its address for notice upon prior written notice to the other parties pursuant to the terms hereof. C. Texas Law to Apply. This Agreement shall be construed under and in accordance with the laws of the State of Texas. D. Parties Bound. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective legal representatives, successors and assigns. E. Legal Construction. In case any one or more of the provisions contained in this Agreement shall for any reason is held to be invalid, illegal, or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision of this Agreement, and this Agreement shall be construed as if such invalid, illegal, or unenforceable provision had never been contained in this Agreement. F. Prior Agreements Superseded. This Agreement constitutes the sole and only agreement of the Parties with respect to the subject matter hereof and supersedes any prior understandings or written or oral agreements among the Parties concerning the subject matter hereof; provided, however, that this Agreement shall not supersede, amend or modify any of the Loan Documents or any portion thereof. G. Amendment. This Agreement may only be amended by a written instrument executed by all of the Parties to his Agreement. H. Headings. The headings that are used in this Agreement are used for reference and convenience purposes only and do not constitute substantive matters to be considered in construing the terms and provisions of this Agreement. (REMAINDER OF PAGE INTENTIONALLY LEFT BLANK) Page 8 of 13 Executed IN QUADRUPLICATE by the Parties hereto: CITY OF FORT WORTH: DEVELOPER: FG Aledo Development, LLC C;, Name: Kimberly Gill Assistant City Manager Title: President Date: � Date: APPROVED AS TO FORM: LENDER: Southwest Bank 0e" , ... Dou la . Black ' -`", Name: � „c� g Assistant City Attorney Title: ATTEST: 7 ary J sei `� City Sec etary °° 0000 x`' M&C: Date: Page 9 of 13 KIMBERLY GILL',, the "Guarantor" of the Development Loan, is executing this Completion Agreement for the sole purpose of acknowledging that advances that are made by the Lender pursuant to this Completion Agreement shall be deemed to be advances that are made under the Loan that shall be subject to and covered by the Loan Documents and the Guaranty Agreement that was executed by 'KIMBERLY GILL.; GUARANTOR B y " Name.____ _ -- ---------- X Title ------- -- -- y------- TIMOTHY H. FLEET, the "Guarantor" of the Development Loan, is executing this Completion Agreement for the sole purpose of acknowledging that advances that are made by the Lender pursuant to this Completion Agreement shall be deemed to be advances that are made under the Loan that shall be subject to and covered by the Loan Documents and the Guaranty Agreement that was executed by TIMOTHY H. FLEET. GUARA�TOR By --- — - — -- ---------- Name: w Title: V\O( n P�, � f } G Y 5 rr V,Fi �A/v a I Page 10 of 13 LIST OF EXHIBITS TO THE COMPLETION AGREEMENT EXHIBIT A - LEGAL DESCRIPTION EXHIBIT B - APPROVED BUDGET Page 11 of 13 EXHIBIT A Page 12 of 13 LEGAL DESCRIPTION: Being a tract of land out of the P.J. McClary Survey,Abstract No. 907, and situated in Parker County,Texas,and surveyed by Miller Surveying, Inc. of Hurst,Texas in October 2014,said tract being a portion of the same tract of land described in the deed to FG Aledo Development, LLC, recorded as Document No. 2014-10308 in the Deed Records of Parker County,Texas, and being more particularly described by metes and bounds as follows: Beginning at a 1/2 inch "MILLER 5665" capped steel rod set in the southeasterly boundary line of said FG tract from which a 1/2 inch "MILLER 5665" capped steel rod set for the most easterly corner thereof bears North 60 degrees 04 minutes 49 seconds East at 689.92 feet; Thence westerly with the southerly boundary line of said FG tract along the following calls: South 64 degrees 39 minutes 14 seconds West a distance of 250.00 feet to a 1/2 inch "MILLER 5665" capped steel rod set; North 25 degrees 20 minutes 46 seconds West a distance of 120.00 feet to a 1/2 inch "MILLER 5665" capped steel rod set; South 64 degrees 39 minutes 14 seconds West a distance of 53.99 feet to a 1/2 inch "MILLER 5665" capped steel rod set for the beginning of a curve to the left with a radius of 30.50 feet and whose chord bears South 49 degrees 57 minutes 45 seconds West at 15.47 feet; Westerly with said curve through a central angle of 29 degrees 22 minutes 58 seconds and an arc length of 15.64 feet to a 1/2 inch "MILLER 5665" capped steel rod set for the beginning of a curve to the right with a radius of 50.00 feet and whose chord bears North 70 degrees 20 minutes 46 seconds West at 96.31 feet; Northwesterly with said curve through a central angle of 148 degrees 45 minutes 55 seconds and an arc length of 129.82 feet to a 1/2 inch "MILLER 5665" capped steel rod set for the beginning of a curve to the left with a radius of 30.50 feet and whose chord bears North 10 degrees 39 minutes 17 seconds West at 15.47 feet; Northerly with said curve through a central angle of 29 degrees 22 minutes 58 seconds and an arc length of 15.64 feet to a 1/2 inch "MILLER 5665" capped steel rod set for the end of said curve; North 25 degrees 20 minutes 46 seconds West a distance of 7.89 feet to a 112 inch "MILLER 5665" capped steel rod set; South 64 degrees 39 minutes 14 seconds West a distance of 120.00 feet to a 1/2 inch "MILLER 5665" capped steel rod set; North 25 degrees 20 minutes 46 seconds West a distance of 255.00 feet to a 1/2 inch "MILLER 5665" capped steel rod set; South 64 degrees 39 minutes 14 seconds West a distance of 27.56 feet to a 1/2 inch "MILLER 5665" capped steel rod set for the beginning of a curve to the left with a radius of 480.00 feet and whose chord bears South 56 degrees 55 minutes 00 seconds West at 129.24 feet; Westerly with said curve through a central angle of 15 degrees 28 minutes 28 seconds and an arc length of 129.64 feet to a 1/2 inch "MILLER 5665" capped steel rod set for the beginning of a curve to the right with a radius of 230.00 feet and whose chord bears South 54 degrees 27 minutes 15 seconds West at 42.29 feet; Westerly with said curve through a central angle of 10 degrees 32 minutes 57 seconds and an arc length of 42.35 feet to a 1/2 inch "MILLER 5665" capped steel rod set for the end of said curve, said rod being in the southeasterly right-of-way line of Morning Mist Trail; Thence North 30 degrees 16 minutes 17 seconds West, departing said southeasterly boundary line a distance of 68.00 feet to a 1/2 inch "MILLER 5665" capped steel rod set in the northerly right-of-way line of said road, said rod being the beginning of a curve to the right with a radius of 516.00 feet and whose chord bears South 62 degrees 07 minutes 44 seconds West at 43.22 feet; Thence southwesterly with said northerly right-of-way line and with said curve through a central angle of 04 degrees 48 minutes 01 seconds and an arc length of 43.23 feet to a 1/2 inch "MILLER 5665" capped steel rod set for the beginning of a curve to the right with a radius of 33.50 feet and whose chord bears North 89 degrees 51 minutes 25 seconds West at 28.96 feet; Thence northwesterly with said northerly right-of-way line and with said curve through a central angle of 51 degrees 13 minutes 42 seconds and an arc length of 29.95 feet to a 1/2 inch "MILLER 5665" capped steel rod set for the beginning of a curve to the left with a radius of 88.54 feet and whose chord bears North 70 degrees 54 minutes 54 seconds West at 19.03 feet; Thence northwesterly with said northerly right-of-way line and with said curve through a central angle of 12 degrees 20 minutes 28 seconds and an arc length of 19.07 feet to a 1/2 inch "MILLER 5665" capped steel rod set for the end of said curve; Thence North 25 degrees 20 minutes 46 seconds West a distance of 465.19 feet to a 1/2 inch "MILLER 5665" capped steel rod set; Thence North 64 degrees 39 minutes 14 seconds East a distance of 170.00 feet to a 1/2 inch "MILLER 5665" capped steel rod set; Thence South 25 degrees 20 minutes 46 seconds East a distance of 6.84 feet to a 1/2 inch "MILLER 5665" capped steel rod set; Thence North 64 degrees 39 minutes 14 seconds East a distance of 240.00 feet to a 1/2 inch "MILLER 5665"capped steel rod set; Thence North 25 degrees 20 minutes 46 seconds West a distance of 9.32 feet to a 1/2 inch "MILLER 5665"capped steel rod set; Thence North 64 degrees 39 minutes 14 seconds East a distance of 170.00 feet to a 1/2 inch "MILLER 5665" capped steel rod set; Thence South 25 degrees 20 minutes 46 seconds East a distance of 300.00 feet to a 1/2 inch "MILLER 5665"capped steel rod set; Thence North 64 degrees 39 minutes 14 seconds East a distance of 170.00 feet to a 1/2 inch "MILLER 5665" capped steel rod set; Thence South 25 degrees 20 minutes 46 seconds East a distance of 45.00 feet to a 1/2 inch "MILLER 5665" capped steel rod set; Thence South 70 degrees 20 minutes 46 seconds East a distance of 14.14 feet to a 1/2 inch "MILLER 5665"capped steel rod set; Thence North 64 degrees 39 minutes 14 seconds East a distance of 45.00 feet to a 1/2 inch "MILLER 5665" capped steel rod set; Thence South 25 degrees 20 minutes 46 seconds East a distance of 630.00 feet to a 1/2 inch "MILLER 5665" capped steel rod set; Thence South 64 degrees 39 minutes 14 seconds West a distance of 11.87 feet to a 1/2 inch "MILLER 5665" capped steel rod set; Thence South 25 degrees 20 minutes 46 seconds East a distance of 120.00 feet to the point of beginning and containing 14.651 acres of land, more or less; EXHIBIT B Page 13 of 13 00 42 43 DAP-BID PROPOSAL Page I of 7 SECTION 00 42 43 Developer Awarded Projects-PROPOSAL FORM CONTRACT 9/1/2015 MORNINGSTAR-SECTION 6,PHASE 1 UNIT PRICE BID Bidder's Application Project Item Information Bidder's Proposal Bidlist Item No Description Specification Unit of Bid Unit Price Bid Value Section No. Measure Quantity UNIT I:WATER IMPROVEMENTS 3311.0161 6"Water Pipe 33 11 12 LF 50 $26.00 $1,300.0 331 1.0261 8"Water Pipe 33 11 12 LF 3,680 $29.50 $108,560.0 3311.0441 12"Water Pipe 33 11 12 LF 49 $49.00 $2,401.0 3312.3002 6"Gate Valve 33 1220 EA 5 $850.00 $4,250.0 3312.3003 8"Gate Valve 33 1220 EA 21 $950.00 $19,950.0 3312.3005 12"Gate Valve 33 1220 EA 2 $2,000.00 $4,000.0 3312.0112 Connect.to Existing 12"Water Main 33 1225 EA 2 $700.00 $1,400.0 3312.0001 Fire Hydrant 33 1240 EA 5 $3,400.00 $17,000.0 331 1.0001 Ductile Iron Water Fittings 33 11 11 TON 3 $5,400.00 $16,200.0 3305.0109 Trench Safety 3305 10 LF 3,779 $0.40 $1,511.6 3312.2003 1"Water Service 33 12 10 EA 80 $780.00 $62,400.0 TOTAL UNIT I:WATER IMEROVEMENT4 $238,972.60 CITY OF FORT WORTH STANDARD CONSTRUCTION SPECIFICATION DOCUMENTS-DEVELOPER AWARDED PROJECTS Form Version April 2,2014 00 42 43-CONTRACT BID-DAP MORNINGSTAR-SECTION 6 PHASE I-201336F-09-01-15 00 42 43 DAP-BID PROPOSAL Page 2 of 7 SECTION 00 42 43 Developer Awarded Projects-PROPOSAL FORM CONTRACT 9/1/2015 MORNINGSTAR-SECTION 6,PHASE 1 UNIT PRICE BID Bidder's Application Project Item Information Bidder's Proposal Bidlist Item No Description Specification Unit of Bid Unit Price Bid Value Section No. I Measure Quantity UNIT II:SANITARY SEWER IMPROVEMENTS 3331.4115 8"Sewer Pipe 3331 20 LF 3,566 $34.00 $121,244.0 3331.4116 8"Sewer Pipe,CSS Backfill 33 11 10 LF 140 $75.00 $10,500.0 3331.4208 12"Sewer Pipe 33 31 20 LF 185 $64.00 $1 1,840.0 3339.1001 4'Manhole 33 39 20 EA 15 $3,600.00 $54,000.0 3339.1002 4'Drop Manhole 33 39 20 EA 1 $6,000.00 $6,000.0 3339.1003 4'Extra Depth Manhole 33 39 20 VF 43 $150.00 $6,450.0 3331.3101 4"Sewer Service,Two-way cleanout 3331 50 EA 95 $385.00 $36,575.0 3301.0002 Post-CCTV Inspection 3301 31 LF 3,891 $2.80 $10,894.8 3339.0002 Manhole Vacuum Testing 3301 30 EA 17 $150.00 $2,550.0 3339.0001 Epoxy Manhole Liner 33 39 60 VF 16 $225.00 $3,600.0 3305.0109 Trench Safety 3305 10 LF 3,891 $0.40 $1,556.4 3305.0113 Trench Water Stops 3305 10 EA 11 $250.00 $2,750.0 TOTAL UNIT II:SANITARY SEWER IMPROVEMENT $267,960.20 CITY OF FORT WORTH STANDARD CONSTRUCTION SPECIFICATION DOCUMENTS-DEVELOPER AWARDED PROJECTS Form Version April 2,2014 00 42 43-CONTRACT BID-DAP MORNINGSTAR-SECTION 6 PHASE 1-201336F-09-01-15 00 42 43 DAP-BID PROPOSAL Page 3 of 7 SECTION 00 42 43 Developer Awarded Projects-PROPOSAL FORM CONTRACT 9/1/2015 MORNINGSTAR-SECTION 6,PHASE I UNIT PRICE BID Bidder's Application Project Item Information Bidder's Proposal Bidlist Item No Description Specification I Unit of Bid Unit Price Bid Value Section No. Measure Quantity UNIT III:DRAINAGE IMPROVEMENTS 3305.0109 Trench Safety 3305 10 LF 184 $0.50 $92.00 3341.0309 36"RCP,Class I1I 3341 10 LF 165 $90.00 $14,850.0 3341.0205 24"RCP,Class III 3341 10 LF 19 $60.00 $1,140.0 3349.0001 4'Storm Junction Boa 3349 10 EA 1 $4,000.00 $4,000.0 3349.5003 20'Curb Inlet 33 49 20 EA 2 $6,100.00 $12,200.0 3349.2007 36"Parallel Headwall 33 49 40 EA 1 $3,800.013 $3,800.0 3137.0104 Medium Stone,Riprap,dry 31 37 00 Sy 33 $85.00 $2,805.0 TOTAL UNIT III: DRAINAGE IMPROVEMENT $38,887.00 CITY OF FORT WORTH STANDARD CONSTRUCTION SPECIFICATION DOCUMENTS-DEVELOPER AWARDED PROJECTS Form Version April 2,2014 00 42 43-CONTRACT BID-DAP MORNINGSTAR-SECTION 6 PHASE I-20133617-09-01-15 00 42 43 DAP-BID PROPOSAL Page 4 of 7 SECTION 00 42 43 Developer Awarded Projects-PROPOSAL FORM CONTRACT 9/1/2015 MORNINGSTAR-SECTION 6,PHASE I UNIT PRICE BID Bidder's Application Project Item Information Bidder's Proposal Bidlist Item No Description Specification I Unit of Bid Unit Price Bid Value Section No. Measure Quantity UNIT IV: PAVING IMPROVEMENTS 3213.0101 6"Conc Pvmt 32 13 13 SY 11,071 $33.00 $365,343.0 3211.0501 6"Lime Treatment 32 11 29 SY 11,791 $3.00 $35,371.8 3211.0400 Hydrate Lime 32 11 29 TN 176.86 $175.00 $30,950.3 9999.0001 7.5"Conc Pvmt 32 13 13 SY 1,435 $38.00 $54,530.0 3211.0502 8"Lime Treatment 32 1129 SY 1,528 $3.25 $4,966.8 3211.0400 Hydrate Lime 32 1129 TN 30.58 $175.00 $5,351.6 3213.0301 4"Concrete Sidewalk 32 1320 SF 1520 $3.00 $4,560.0 3213.0504 Barrier Free Ramp-Type R-I 32 1320 EA 20 $1,000.00 $20,000.0 3441.4003 Fumish&Install Ground Mount Sign Post and Sign 34 41 30 EA 9 $650.00 $5,850.0 3217.0501 24"Solid White Stop Bar Paint(W) 32 1723 LF 42 $12.00 $504.0 3217.2103 REFL Raised Marker TY II A-A 32 1723 EA 60 $5.00 $300.0 9999.0002 Street barricade(street dead ends) 31 3600 LF 150 $40.00 $6,000.0 TOTAL UNIT IV: PAVING IMPROVEMENT4 $533,727.74 CITY OF FORT WORTH STANDARD CONSTRUCTION SPECIFICATION DOCUMENTS-DEVELOPER AWARDED PROJECTS Form Version April 2,2014 00 42 43-CONTRACT BID-DAP MORNINGSTAR-SECTION 6 PHASE I-201336F-09-01-15 00 42 43 DAP-BID PROPOSAL Page 5 of 7 SECTION 00 42 43 Developer Awarded Projects-PROPOSAL FORM CONTRACT 9/1/2015 MORNINGSTAR-SECTION 6,PHASE I UNIT PRICE BID Bidder's Application Project Item Information Bidder's Proposal Bidlist Item No Description Specification I Unit of Bid Unit Price Bid Value Section No. Measure I Quantity UNIT V:STREET LIGHTING IMPROVEMENTS 3441.1502 Furnish/Install Ground Box,Type B 3441 10 EA 8 $400.00 $3,200.0 9999.0000 9999.0000 Rdwy Illum Assembly TY D-25-6,70W- 3441 20 EA 12 $1,800.00 $21,600.0 ATBO-LED-TYPE 2-70 W-NW,Pole Type 8 Truss 9999.0000 9999.0000 Rdwy Ilium Assembly TY D-30-6,ATB2 3441 20 EA 1 $2,250.00 $2,250.0 LED-T e2-137WLED-NW 3441.3301 Furnish/Install Rdwy Ilium Foundation TY 3 34 41 20 EA 12 $856.00 $10,272.0 3441.3301 Furnish/Install Rdwy Illum Foundation TY 1 3441 20 EA 1 $952.00 $952.0 26053015 2 Inch Conduit PVC SCH 80(T) 26 05 33 LF 604 $8.00 $4,832.0 34413401 6-6-6 Triplex Alum Electric Conductor 3441 10 CLF 604 $1.50 $906.0 TOTAL UNIT V:STREET LIGHTING IMPRC VEMENTS $44,012.00 CITY OF FORT WORTH STANDARD CONSTRUCTION SPECIFICATION DOCUMENTS-DEVELOPER AWARDED PROJECTS Fonn Version April 2,2014 00 42 43-CONTRACT BID-DAP MORNINGSTAR-SECTION 6 PHASE 1-20133617-09-01-15 00 42 43 DAP-BID PROPOSAL Page 7 of 7 SECTION 00 42 43 Developer Awarded Projects-PROPOSAL FORM CONTRACT 9/1/2015 MORNINGSTAR-SECTION 6,PHASE 1 UNIT PRICE BID Bidder's Application Project Item Information Bidder's Proposal Bidlist Item No Description Specification I Unit of Bid Unit Price Bid Value Section No. Measure Quantity Bid Summary UNIT I:WATER IMPROVEMENTS _ $238,972.60 UNIT II: SANITARY SEWER IMPROVEMENTS $267,960.20 UNIT III: DRAINAGE IMPROVEMENTS $38,887.00 UNIT IV: PAVING IMPROVEMENTS $533,727.74 UNIT V:STREET LIGHTING IMPROVEMENTS $44,012.00 UNIT VI:TRAFFIC SIGNAL IMPROVEMENTS Total Construction Bidl $1,123,559.54 Contractor agrees to complete WORI{for FINAL ACCEPTANCE i #days calendar days after the date when the CONTRACT commences to run as provided in the General Conditions. END OF SECTION CITY OF FORT WORTH STANDARD CONSTRUCTION SPECIFICATION DOCUMENTS-DEVELOPER AWARDED PROJECTS Form Version April 2,2014 00 42 43-CONTRACT BID-DAP MORNINGSTAR-SECTION 6 PHASE I-201336F-09-01-15