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HomeMy WebLinkAboutContract 5384 a CITY SECRETARY CONTRACT No..i91y/-. COMMUNITY FACILITIES AGREEMENT STATE OF TEXAS ) COUNTY OF TARRANT ) WHEREAS, Chrysler Motors Corporation of Detroit, Michigan, hereinafter called "Developer", desires to make certain improvements to a por- tion of Tract 1-C, Louis Wetmore Survey to the City of Fort Worth, Texas, and, WHEREAS, the said Developer has requested the City of Fort Worth, a municipal corporation of Tarrant County, Texas, hereinafter called "City", to do certain work in connection with said improvements; NOW, THEREFORE, KNOW ALL MEN BY THESE PRESENTS: That said Developer acting herein by and through Mr. G. E. White, its Vice-President, and the City of Fort Worth, acting herein by and through J. L. Brownlee, its duly authorized City Manager, for and in considera- tion of the covenants and agreements herein performed and to be performed, do hereby covenant and agree as follows, to-wit: T WATER AND/OR S.ANITe-;KY SEWER FACILITIES There are no water and/or sanitary sewer facilities required under this contract. II. STORM DRAINAGE AND STREET IMPROVEMNTS A. STORM DRr"iINAGE IMPROVRiENTS: 1. The City agrees to. install or cause to have ingtalled, or the developer agrees to. cause.to• be installed, the storm drainage facilities shown ori .the Ittached Exhibit "A", in accordance with plans and specifications to be prepared by the City, or prepared by the developer's engineer as approved by the Public Works Director. 2. The estimated cost of the storm drain facilities is. as computed below: Construction cost $13,285.00 Cost of preparation of plans and specifications ,for the improvements if so performed by the City - 4% of 531.40 contract cost Cost of providing inspection services for the construction of the improvements - 6% of the contract cost 797.10 Total Cost of Storm Drain Facilities M-L.613.5 3. Upon completion of the storm drainage facilities, it is agreed and understood that the developer's payment shall be adjusted to equal the above percentage of the final cost, except that the City will not refund any excess payment until all facilities required under all sections of this agreement have been completed to the satis- faction of the City. This amount shall be paid to the City within 15 days after being notified to do so in writing by the Public Works Director. 4. In the event the developer employs his own contractor to construct the storm drainage facilities, the conditions set out in Section IV, Paragraph E, shall apply. 5. Simultaneous with the execution of this agreement by developer, dev- eloper agrees to furnish to the City a "Performance Bond" in the amount of one hundred per cent of the estimated storm drain cost as stated in Paragraph 2 above, conditioned upon the satisfactory com- pliance by the developer with all requirements concerning construction of storm drains as set forth in this agreement. 6. The developer's non-refundable payment is determined by "a" or "b" below: a. In the event developer awards his own contract for the ' storm drainage work, he shall pay the entire cost of the construction plus the cost of engineering as determined in Paragraph E, Section IV, hereof. b. In the event City installs, or causes to be installed, the storm drainage facilities, the non-refundable cost to the developer is as follows: 1). The entire cost of furnishing and installing pipe • 36 inches in diameter or smaller, plus 75 per cent of the additignal cost of furnishing and installing pipe larger than 36 inches in diameter except on pipe designated "Culvert Street Crossing." 2). The entire cost of trench and channel excavation and constructing headwalls, inlets, lead lines, man- holes, and other items necessary to complete the system, regardless of the size of pipe. 3). Seventy-five per cent of the cost of pipes designated "Culvert Street Crossing," or of bridge construction, except that developer's share is not to exceed $8,000 per single installation. 4). Seventy-five per cent of the cost of the concrete lining of channels, plus the entire cost of the channel excava- tion, plus the entire cost of placing a permanent type chain link fence adjacent to the channel according to developer's policy. 5). The cost of engineering as determined below. 6). The estimated non-refundable cost is as computed below: Non-refundable construction cost $7,625.00 Non-refundable engineering cost if City prepares plans and specifications (4%. of non-refundable construction 305.00 cost) Non-refundable inspection cost (6x of • 457 50 - non-refundable construction coat) Estimated Non-refundable Cost 8,387.50 B. 3`21REET DiPP,OVIZUDITS: 1. Developer agrees that no construction shall begin on curb, gutter, pavement, or sub-grade treatment within the limits of any street included herein, and as shown on the attached.-Exhibit "A", before all underground utilities, including service lines, have been installed. 2. The streets to be improved hereunder are shown on Exhibit "A" attached hereto, and developer hereby agrees and binds itself to: 1 a. Excavate, at its own expense, all-streets including parkways and roadways, to line and grade to be set by the City Engineer; b. Construct at its own expense, combination curb and gutter in accordance with the City of Fort Worth Specifications and Standards in effect at the actual time of paving on all streets included herein. Developer further agrees to construct at its own expense, curb returns at all street intersections within or adjacent to area covered by this contract; and, to be re- sponsible for constructing standard concrete driveways to the back of walk line for all lots included in this platting. c. Construct, at its own expense, standard residential hot mix asphaltic concrete pavement tie-in along Old Burleson Road and arterial grade concrete pavement tie in with asphalt surface to match existing pavement along the North-South Freeway Service Road, said pavement tie-in to be installed in accordance with the Specifications and Standards in effect at the actual time of paving. Developer further agrees to provide at his own expense, laboratory tests on all materials used in construction of said pavement if and when requested by the City, and to furnish at least two (2) copies of the laboratory reports on such tests to the Public Works Department. It is understood that such tests shall be required only once for each of the sub- base materials and base materials for each 1,000 linear feet of street or fraction thereof and once for the surface material for each 2000 linear feet of street or fraction thereof each time the street paving operations are in progress, except that in cases where such tests indicate lack of conformance with specifi- cations, additional tests may be required. The City reserves the right to make such tests as deemed necessary by the Public Works Director in addition to the above, said tests by the City to be at its own expense. d. Should it become evident during the construction of the street improvements herein described that sub-drains or concrete valleys are required to properly drain the area and sub-grade, developer agrees to install, at its own expense, such sub-drains and/or valleys as may be required in the judgment of the Public Works Director. e e. Developer agrees that all street improvements to be construc- ted hereunder shall be subject to inspection and approval by the Director of Public Works. f. The estimated cost of the street improvements required under this agreement, exclusive of engineering and miscellaneous costs, is as tabulated below: Developer's construction cost . $5500.00 City's construction cost --0- Total construction cost 500.00 g. Developer hereby agrees to complete the improvements to any street or streets covered by this agreement within 90 calendar days after having been instructed to do so in writing by the Public Works Director, it being understood that the developer will initiate all street improvements to conform with his own schedule except for those street improvements which the Public Works Director deems necessary for the proper and orderly development of the area. In the event developer fails to carry out any such instructions within the 90-day period, developer gives the City the right to award a contract for the street improvements in question, and agrees to pay to the City prior to the award of the contract the amount of the low bid. h. It is agreed and understood that the border street, Old Burleson Road, as shown on the attached Exhibit "A", will be improved on the assessment basis. The developer agrees to pay to the City, prior to the benefit hearing, the amount of the assessment against the area which is being platted and included in this agreement; except that if the border street is paved to coincide with the developer's entire ownership and exceeds the limits of the area currently in- cluded in the developer's agreement, the developer shall be permitted to pay the assessment on the property not included in the developer's agreement over a four-year period at six per cent interest per year; as such property is included in subsequent developer's agreements, the developer shall then pay to the City the total outstanding balance of the assessment against the property in- cluded in subsequent developer agreements as each agreement is signed by the developer. In the case of any of the property adjacent to Old Burleson Road being sold by the developer, he shall notify any purchaser or purshasers of the subject property prior to such sale by means of a form letter provided by the City that the assessment will be brought against the property at some future date. i. Developer agrees to furnish to the City, simultaneous with # _ developer's execution of this developer's contract, a "Per- formance Bond" in the amount of $1100.00 , conditioned upon the satisfactory compliance by the developer tt with all requirements concerning street improvements as set • ' I " forth in this. agreement. 3. The City agrees and binds itself to: f a. Furnish the necessary engineering service without additional charge within a reasonable time after receipt of a written request from the developer or its authorized contractors in connection with the setting of line and grade stakes ffor ex- i cavation, and curb and gutter construction; and furnish inspection on the project. In this connection, City agrees to prosecute such work in• such a manner as not to delay unreasonably the developer's operation. b. Compute and furnish the developer or its authorized contractor$ excavation quantities on the streets covered by the terms of this contract, upon receipt of a written request from the developer or its authorized contractor. � > RECOMMENDED: •, i� 7 fi t - S E C. M. VfM U- N,^PURLfC WORKS DIRECTOR 'f • M. W. AMISI JR.9-CHIEF ENGINEER s . i ! G i S ' 4 ,i III: STREET LIGHTS otmare Survey, Tr. IC Chrysler Motor Cocp►) 1. Cit^ agrees to install or to cause to be installed, or the developer agrees to cause to be installed, system using standards at the approximate locations shown on the attached plat marked Exhibit "C", said system to be installed in' accordance with plans and speci- fications to be prepared by the Traffic Engineering Department. 2. The developers cost of said street lighting system is estimated to be $ 10781,00 ($ W400 plus 10% for engineering and miscellaneous costs. ) 3. In the event the City is to install or cause to be installed the street lighting system, developer hereby agrees to pay to the City an amount equal to the estimated cost as stated in Paragraph 2 above within 15 calendar days after being notified to do so in writing by the Director of the Traffic Engineering Department. Within a reasonable time after completion of the street, lighting system, the City and developer hereby agree to adiust the developer's payment so that it is equal to the final construction cost plus 10 per cent, provided the difference is in excess of $25.00; however, the City shall not make any such refund until all facilities required under all sections of this agreement have been completed to the satisfaction of the City. 4. The City agrees to furnish all field engineering and construction inspection of the street lighting system. 5. Developer agrees to furnish and/or dedicate all necessary easements, on property owned by the developer, required for installation of transformers, poles, guys, and overhead wiring. 6. In the event the developer employs his own contractor to install the street lighting system the conditions set out in Section IV, Paragraph E hereof shall apply. In this event, developer agrees to par to the City the deposit for engineering within 15 calendar days after being notified to do so in writing by the Director of ,the Traffic Engineering Department, and agrees to complete the installation of the street lighting system within 90 calendar days after having been instructed to do so in writing by the Director of the Traffic Engineering Department. 7. It is understood that the developer is expected to install street lights according to its schedule for development, but that the developer agrees to install such. street lights, or pay the City for such street lights, as the Director of the Traffic Engineer- ing Department deems necessary for the proper and orderly development of the area. 8. Developer agrees to furnish to the City, simultaneous with the execution of this con- tract by the developer, a "Performance Bond" for an amount equal to the total estimated cost., including engineering and miscellaneous costs as stated in Paragraph 2 above, conditioned upon the satisfactory compliance by the developer with all requirements of this contract pertaining to street lighting. 9. Under this contract there are 3 streetlights that fall under the classification of ,dd-block border street* One half the cost of said street lights win be paid for by the city. The estimated cost to the city for this installation is $363.00 and is not included in the figure in paraamb number 2. RECOMMENDED: T. R. Buc , Director Traffic Engineering Dept. a IV. GENERAL REQUIREMENTS A. It is agreed and understood by the parties hereto that developer reserves the right to review plans and specifications to be prepared by City for the construction of any facilities and/or improvements to be constructed by said City or its contractor, and developer's contractor, wholly or partially at developer's expense, by a qualified Registered Professional Engineer, prior to the advertising for bids, and City hereby agrees to furnish one set of plans and specifications to developer, at the office of the Public Works Director, Traffic Engineering Director, and/or Water Department Director for consideration and comments, and the City hereby agrees that the Public Works Director, Traffic Engineering Director and/or Water Department Director will review or cause to be reviewed such comments and/or suggestions and to consider and evaluate same at their respective merits. In the event the developer employs his own engineer to prepare plans and specifications for any or all facilities, the plans and specifica- tions so prepared shall be subject to approval by the department having jurisdiction and by the City Engineer, and two (2) sets of plans and specifi- cations for each facility shall be furnished the department having jurisdic- tion. It is agreed and understood that the decision of the Public Works Director, Traffic Engineering Director, and/or Water Department Director will be final. B. It is further agreed and understood by the parties hereto that title to all facilities and improvements mentioned hereinabove shall be vested at all times in the City of Fort Worth, and developer hereby relinquishes any right, title, or interest in and to said facilities or any part thereof. C. The life of this contract shall be five (5) years and it is understood that. any obligation on the part of the City to make any refunds hereunder shall cease upon the expiration of five (5) years from the date of execution of this contract. It is understood by and between the parties hereto that any of the facilities or requirements included herein to be performed by developer not completed within the five (5) year period, may be completed by the City at the developer's expense, and that no refunds due the developer on-any facility constructed under this agreement shall be made . until all provisions of the agreement are fulfilled. �D9 This contract, any part hereof, or. any interest herein shall not be assigned by developer without written consent of the City Manager, and it is further agreed that such written consent will not be granted for the assignment, transfer, pledge, and/or conveyance of any refunds due or to become due to developer except that such assignment, transfer, pledge and/or conveyance shall be for the full amount of the total of all such refunds due'or to become due hereunder. E. On all facilities included in this agreement for which the developer awards , his own construction contract, the developer agrees to follow the following procedures, none of which apply to street improvements except number 8: 1. To employ a construction contractor who is approved by the Director of the department having jurisdiction over the facility to be so constructed, said contractor to meet City's requirements for being . licensed and bonded to do work in public streets. 2. To require the contractor to furnish to the developer a performance bond in the name of-the developer for 100 per cent of the contract price of the facility, said performance bond to be furnished before work is commenced. 3. To deposit with the City an amount equal to 6% of the contract price for all facilities except street improvements, prior to commencing of any construction work for the engineering services to be performed by the City, plus an additional 4% if the City is to prepare the plans and specifications. 4. To give 24-hours notice to the department having jurisdiction of intent to commence construction of the facility so that inspection personnel will be available; and to require the contractor to allow the construc- tion to be subject to inspection at any and all times by City inspection forces, and not to install any sanitary sewer, storm drain, or water pipe unless a responsible City inspector is present and gives his consent to proceed; and to make such laboratory tests of materials being used &s may be required by the City. 5. To secure approval by the Director of the department having jurisdic- tion of any and all partial and final payments to the contractor, said approval is made, in accordance with requirements of this agreement, and is not to constitute approval of the quantities on which payment is based. 6. To require the contractor to furnish to the City, prior to making the final payment, a written one-year guarantee• against defects in materials and/or workmanship of facilities so constructed, except for street impro- vements. 7. To delay connections of buildings to service lines of sewer and water mains until said sewer and water mains and service lines have been com- pleted to the satisfaction of the Water Department. 8. -Developer further covenants and agrees to and by these presents does hereby fully indemnify and hold harmless the City, its officers, agents and 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 person or to any property, resulting from the construc- • tion, performance or to be performed by said developer, its eontraetora, agents or employees or' in consequences of any failure to properly safeguard the work, or on account of any act, intentional or otherwise' neglect or misconduct of said developer, its contractors, sub-contractors,, agents or employees. F. The attached Exhibits A and C are made a part hereof for all intents and purposes. 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 City Manager, attested by its City Secretary, with the corporate seal of the City Affi'x'ed, and said developer has executed this instrument in quadrup- licate, this the --a day of � _ , 19126-Ar _. ATTEST: CITY OF FORT WORTH, TEXAS By R ,y VBateman, City Secretary J. L. Brownlee, City Manager APPROVED AS TO FORM AND LEGALITY: DEVELOPER: CHRYSLER MOTORS CORPORATION L By S. G. Johndroe, Jr., City Attorney G. E. White, Vice--President Af' G !O 9 8 7 6 /4 /S /c^ // /O 9 4 a 6 M, UM PREEWAY 9CeL41 1"-0200* 8 " 1ou1 wo�mollc rr� EX1416IT 'A' LEGEND ® BORDER STREET (UNDER ASSESSMENT PAVING PROGRAM) EM EXISTING IMPROVEMENTS PAVEMENT TIE-IN BY OEVELOPER CONCRETE CURB AND CUTTER gY OEVELOPE1 WW/ STORM ORA1N 804 DEVELOPER ® STORM DRAIN TO BE R@CONSTRUCTFp 8Y CITY EXIMHG OTORM GRAIN PROPERTY TO BE DEVELOPED Co- 194G #7- ?2-66 � o a { � ��PoStD ST, L�GHT7 pf�J Id`oD/) f oLLs�. Z-;r ,r,,-r .L/�XTf1VC� CAW ySG C,72 /L-10'ro k 7- 4 FFic �iV4x'. 1��pr, - C.ry o� rt,�eMTN Ti�c'.,�3N[rtr�li9N - 1.��2e:cr©.0 ;r ZOO City of Fort Worth, Texas Mayor and Council Communication DATE REFERENCE SUBJECT: Amendment to Final Payment - PAGE NUMBER Southwayside Addition Storm 1 10/11/71 FP-830 Drain from Old Burleson Road to lot West Service Road Final Council action on the project described below is .requested. On September 27, 1971, the City Council approved M&C FP-827, which erroneously stated sufficient funds ,were available in Project Account No. 104-28000-699 to make final payment for the .Southwayside Addition .Storm Drain from Old Burleson Road to West Service Road. It is .necessary that .$1,068 additional funds be provided in order to make final payment to the Contractor, and to balance the .account, and that $1,137 additional funds be provided to reimburse a developer, Chrysler Motors Corporation, under Community Facilities(Contract .No, 538 for contribution based on estimated quantities and actual _completed .quantities. Recommendation It is recommended that a bond fund transfer be approved for $2,205 from Storm Drains Unspecified Project -Account No 104-28000-901 to Project Account No. 104-28000-699, Southwayside Storm Drain. RNL:mj SUBMITTED BY: DISPOSITION BY COUNCIL: PROCESSED BY p APPROVED p OTHER (DESCRIBE) 1 CITY SECRETARY DATE CITY MANAGER ACKNOWLEDGMENT FOR ANNEXED INSTRUMENT STATE OF MICHIGAN) ) SS: COUNTY OF MACOMB ) BE IT REMEMBERED that on this 27th day of August, 1965, before me, a Notary Public personally came G. E. White, as Vice-President of Chrysler Motors Corporation, and acknowledged as such officer that he did sign the company's name to the foregoing instrument and that the signing of the same is the duly authorized and voluntary act and deed of said Company for the uses and purposes therein mentioned. IN TESTIMONY WHEREOF, I have hereunto subscribed my name and affixed my official seal on the day and year last aforesaid. EDWARD J. TErLL Notary Public Oaklanunty, Mich. My Commission Expir Jan. 14, 1966 Acting in and for Macomb County Ceralied Copy of POWER OF ATTORNEY Ittow all 15m hg of 11relamts, That the FEDERAL INSURANCE COMPANY,90 John Street,New York,New York, a New Jersey Corporation, has constituted and appointed, and does hereby constitute and appelst C. M. Raynor, S. 0. Warren, F. J. Porter, M. Dysarz, Robert L. Hannon, Jr., C. C. Cronovich, H. Scroby and William H. Bishop, Jr. of Detroit, Michigan each its true and lawful Attorney-in-Fact to execute -----------------------------------under such designation in its name and to affix its corporate seal to and deliver for and on its behalf as surety thereon or other- wise, bonds of either of the following classes, to-wit: 1. Bonds on behalf of contractors in connection with bids,proposals or contracts to or with the United States of America, any State or political subdivision thereof or any person, firm or corporation. 2. Surety Bonds to the United States of America or any agency thereof, including those required or permitted under the laws or regulations relating to Customs or Internal Revenue; License and Permit bonds or other indemnity bonds under the laws,ordinances or regulations of any State, City, Town, Village, Board or other body or organization, public or private; bonds to Transportation Companies, Lost Instrument bonds, Lease bonds, Workmen's Compensation bonds, Miscellaneous Surety bonds and bonds on behalf of Notaries Public, Sheriffs, Deputy Sheriffs and similar public officials. 3. Bonds and Undertakings required or permitted by law to be given or filed in any suit,matter or proceeding in any Court of the United States, or any State or other Court, or given to or filed with any Sheriff or Magistrate within any State, for the doing or not doing of anything specified in such Bond or Undertaking, in which the penalty of the bond or liability incurred under such undertaking does not exceed with respect to Fiduciary Bonds the aum of _ - _ _ - _ _ NJ3- _ - _ _ - _ _ Dollars ($ Nil ), and with respect to all other types of Court Bonds the sum of '!fro-hundred and Fifty Thousand Dollars ($ 250,,000.00 )- In Stintgo W4trraf, the said FEDERAL INSURANCE COMPANY has, pursuant to its By-Laws, caused these presents to be signed by its Assistant Vice President and Assistant Secretary and its corporate seal to be hereto affixed this 26th day of December 19 63 FEDERAL INSURANCE COMPANY By C", f CAAa A, Qom. ;o Frederick C. Gardner u4Q; Aseiatant Vice President yFwJ ERS�:I Daniel F. Randolph STATE OF NEW YORK j )} ssAssistant Secretary.: County of New York v'a this 26th day of December 19 63, before me personally came Daniel F. Randolph, to me known and by me known to be Assistant Secretary of the FEDERAL INSURANCE COMPANY, the cor- poration described in and which executed the foregoing Power of Attorney and the said Daniel F. Randolph being by me duly sworn, did depose and say that he resides in the City of New York, in the State of New York; that he is Assistant Secretary of the FEDERAL INSURANCE COMPANY and knows the corporate seal thereof; that the seal affixed to the foregoing Power of Attorney is such corporate seal and was thereto affixed by author- ity of the By-Laws of said Company and that he signed said Power of Attorney as Assistant Secretary of said Company by like authority; that he is acquainted with Frederick C. Gardner and knows him to be Assistant Vice President of said Company, and that the signature of said Frederick C. Gardner subscribed to said Power of Attorney is in the genuine handwriting of said Frederick C.Gardner and was thereto subscribed by authority of said By-Laws and in deponent's presence. Acknowledged and Sworn to before me on the date above written. je ale NOTAIgl,%'V /t;&W *? N 40 �G * Notary Public ElI. MARION J. McGRATH Q` NOTARY PUBLIC, State of New York 9��►•••.. ..•••'.fid No. 24-7837850 4F N Qualified in Kings County Certificate filed in New York Coun6 Commission Expires March 80, Foran 12202F (Rev.4-62) H5878 (2M) CITY AND COUNTY OF NEW YORK ss: I,the undersigned, Assistant Secretary of the FEDERAL INSURANCE COMPANY, do hereby certify that the following is a true excerpt from the By-Laws of the said Company as adopted by its Board of Directors on March 11, 1963 and amended September 14, 1969 and that this By-Law is in full force and effect. "ARTICLE XIX. EXECUTION OF POLICIES, BONDS, ETC. Section 2. All bonds,undertakings, contracts,powers of attorney and other instruments other than as above for and on behalf of the Company which it is authorized by law or its charter to execute, may and shall be executed in the name and on behalf of the Company either (1) by its President,or a Vice President,or an Assistant Vice President,jointly with its Secretary, or an Assistant Secretary, under their respective designations—except that: (a) any officer or officers, agent or agents, attorney-in-fact or attorneys-in-fact, designated in any resolution of the Board of Directors or Executive Committee adopted either before or after the making of this By-Law, or in any power of attorney executed as provided for in this section, may execute in the manner prescribed in such resolution or power of attorney or authority any such bond, undertaking or other obligation which he or they shall be empowered to execute by such resolution or power of attorney or authorization;" And I further certify that I have compared the foregoing copy of the POWER OF ATTORNEY with the original thereof and the same is a correct and true copy of the whole of said original Power of Attorney and that said Power of Attorney has not been revoked. And I further certify that said FEDERAL INSURANCE COMPANY is duly licensed to transact fidelity and surety business in each of the States of the United States of America, Puerto Rico, and each of the Provinces of the Dominion of Canada with the exception of Prince Edward Island; and is also duly licensed to become sole surety on bonds, undertakings, eta, permitted or required by the laws of the United States. Given Hader my hand and seal of said Company at New York, N. Y., thin- _: Aft$ of AtgU$t 18 65 Assistant Secretary Acknowledgment for Annexed Instrument s STATE OF Michigan COUNTY OF Wayne I ss-, On this.20th..day of:A11.�....�t........................9...6�... before me personallycame.......................................M.....Dysa.rz ............... .................................who, being by me duly sworn, did depose and say that he is an Attorney-in-Fact of the FEDERAL INSURANCE COMPANY, and knows the corporate seal thereof; that the seal affixed to said annexed instru- ment is such corporate seal, and was thereto affixed by authority of the Power of Attorney of said Company, of which a Certified Copy is hereto attached, and that he signed said instrument as an Attorney-in-Pact of said Company by like authority. Ackmot�e&d anti-Sworlt to before me My Commission Expires ��'' p71 rite -Qioocj. Mtten. January 15, 1968 4142/4 1��," ................................................................................................. ... .............................................Notary'�ublic. ................. .... yWLI_tMdl H. FTAH0P,fit, Notary-FfAbi`- Myas&Nb (-6 V. Mich. FORM 120BEF IREV.4/09) Ae(lvR W +yryaec7mnty PRINTED IN U.S.A. My COtI1tr1�9tJ91t Expjr�,len. 15, 1968 N24E0(15M) FEDERAL INSURANCE COMPANY CHUBB & SON INC., Manager e _ 90John$t.,New York,N.Y.10038 ,ate-�Q Fed. Ins. Co. Bond No. 8026-43-50 KNOW ALL MEN BY THESE PRESENTS, that we, CHRYSLER MOTORS CORPORATION, a Delaware Corporation of Detroit, Michigan, as Principal, and FEDERAL INSURANCE COMPANY, a New Jersey Corporation, 90 John Street, New York 38, New York, as Surety, are held and firmly bound unto CITY OF FORT WORTH, TEXAS, as Obligee, in the sum of SIXTEEN THOUSAND SEVEN HUNDRED NINETY-ONE AND 50/100 DOLLARS ($16,791.50), lawful money of the United States of America, to be paid to the said CITY OF FORT WORTH, TEXAS, for which payment well and truly to be made, we bind ourselves, our heirs, executors and administrators, jointly and severally, firmly by these presents. Signed with our hands and sealed with our seals, this 20th day of August, A.D., 1965. WHEREAS, the above bounden CHRYSLER MOTORS CORPORATION has entered into a Community Facilities Agreement for portion of Tract 1-C Louis Wetmore Survey to the City of Fort Worth, Texas under which it agrees to install storm drains, street lights and 20% of street improvement. NOW THEREFORE, the condition of this obligation is such, that if the said CHRYSLER MOTORS CORPORATION shall complete the installation of said storm drains, street lights and 200% of street improvement, then this obligation to be null and void, otherwise shall remain in full force and effect. CHRYSLER MOTORS CORPORATION ne � By: .�� G•��z c/{�it� FEDERAL INSURANC"MPANY l M. Dysarz Atty -fact F.- 11152-F H�777 (10M)