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HomeMy WebLinkAboutContract 7028 CITY SECRETARY COMMUNITY FACILITIES AGREEMENT CONTRACT STATE OF TEXAS COUNTY OF TARRANT WHEREAS, Trammel Crow of Dallas County, Texas hereinafter called "Developer", desires to make certain improvements to Stonegate Mobile Home Park No. 3, Phase Two, 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 , here- inafter called "City", to do certain work in connection with said im- provements; NOW, THEREFORE, n'01,7 ALL MFN BY THESE PRESENTS : That said Developer Trammell Crow and the City of Fort Worth, acting herein by and through R. N. Line, its duly authorized City Manager, for and in consideration of the covenants and agreements herein performed and to be performed, do hereby covenant and agree as follows, to-wit: . . � . . . . ' WATER AND/OR SA141TARY SEWER_FACILITIES A. The City agrees to install by contract or otherwise, in accordance with its accepted practices, ordinances, regulations, and the provisions of the City Charter, or to allow the Developer to award a contract, subject to the re- quirements of the City's Policies and Regulations for Installation of Com- munity Facil | t|ey" for: WATER FACILITIES to serve the lots as shown on the attached Exhibit None and SANITARY SEWER FACILITIES to serve the lots as shown on the attached Exhibit B , all in accordance with plans and specifications to be prepared by the Engineering Division of the Water Department, or by private . engineers employed by the Developer and approved by the Water Department. B. The City agrees to install , at Developer's expense, at the time all other water mains in this addition are installed, a service line for each lot as shown on the attached Exhibit None , The estimated cost of these service lines is The City agrees to record the location of each said service line in respect to the corner of the lot served, and to retain said records in its possession. C. The construction cost of the water facilities sized to serve the development herein concerned, exclusive of service lines and engineering is estimated to be None Dollars / . D. The City agrees to install , at Developer's expense, at the time all other sanitary sewer mains in this addition are installed, a service line for each lot as shown on the attached Exhibit . The estimated cost of these service lines is The City agrees to record the loca- tion of each said service line in respect to the corner of the lot served, and to retain said records in its possession. E. The cost of the sanitary sewer facilities to be installed hereunder, exclusive of service l | nes and eng| neering, is estimated to 6m Ten Thousand Do I l Dollars ($ 10,000 . F. Prior to the award of the construction contract by the City, mr ihe commencing of any work by the City or its contractors, if the Developer does not award his own contract, the Developer agrees to pay to the City: (l) Eighty (80) per cent of the cost of the water facilities sized to serve the development herein concerned, and eighty (80) per cent of the o»gt of the sanitary sewer facilities to be constructed hereunder, both coats being exclusive of engineering and cost of service lines, as reflected in an estimate prepared by the Engineering Division of the Water Department or in the proposal of the low bidder. (2) An additional ten (\O) per cent of the total of the Developer's cost of these water and sanitary sewer facilities, exclusive of cost of service lines, for design engineering, if such engineering is performed by the City. This charge will be waived if private engineers employed by the Developer and approved by the Water Department perform the design engineering, l 60200 . . . . � (J) One Hundred (| OO) per c�ent of the cost of all service lines, estimated un6er |-8 and |-D above, in accordance with the pro- visions of the current Fort North City Code . G. The distribution of estimated construction cost between the City and the Developer as per paragraph |-F above, for all water and sanitary sewer facili - ties to be constructed hereunder is estimated as follows: (l ) Water Facilities : Estimated Estimated Developer Total LLity C Cost Cost /a\ Mains (None) (b) Sorv(cas Sub-Totals, Water (2) Sanitary Sewer Facilities : (a) Mains Not /b\ Services Sub-Totals, Sewer 5, 100 8,000 Grand Totals S5, 100 $8,000 $l}, >OO Note: Should the Developer elect to let his own contract for any or a7 } of the facilities described above, the Developer specifically agrees to pay the Contractor installing such facilities the full amount shown as due on the Final Estimate approved for payment by the Director of the Water Department within thirty /30 days from the date of such approval ' Temporary service connections to facilities so constructed will not be considered unless all authorized payments to the water utility Contractor have been made and such temporary service shall be subject to termination should the Developer fail to remain current with his payments to the Contractor . Permanent connec- tions to facilities so provided shall not be made until certification is re- ceived from the Contractor that final payment has been made by the Developer in accordance with the approved final estimate on the project . Should the Developer elect to let his own contract for water and/or sanitary sewer facility construction, PART C - GENERAL CONDITIONS of the Fort Worth Water Department General Contract Documents and General Specifications shall be o part of the contract between the Developer and the Contractor, Para- graph C-7.9 FAILURE TO COMPLETE ON TIME of said PART C requires payment by the Contractor of liquidated damages for each calendar day that any work re- mains uncompleted after the time specified in the contract documents for com- pletion of the contract . This paragraph further provides that any liquidated damages so determined to be due will be deducted from monies due the Con- tractor, and that liquidated damages so collected from the Contractor are Plans and specifications for sanitary sewer facilities to be furnished by developer's engineers, Carter & Burgess, Inc. |-2 *Includes the City's extra cost of $3, 100 for 15n in lieu of lOn sewer required by development alone. 60200 -- -- - ---- ---- _ . ^ . . . . . / payable to the Owner, the City of Fort Worth. Therefore, in accordance with these requiremcnts, any \ iquidated damages determined to be due by the Director of the Water Department shall be deducted from monies due the Contractor for work completed on the project and either paid to the City of Fort Worth by the Developer coincidental with final payment to the Contractor for the completed project , or credited against the City' s share of the completed project cost ` as appropriate. H. Within a reasonable time after completion of the above referenced facilities to be constructed by the City or by contract awarded by the City, and their accept- ance by the City Council , the City and Developer agree to an adjustment of the Developer' s payment as set out in |-F and 2-G hmroina6ove' so as to conform said payment to actual construction costs and actual service costs under the provisions of the current Fort Worth City Code' (Said adjustment to be calculated as the payment in |-F and/or 2-G above) , but based on actual quantities as re- flected in the Final estimate paid to the Contractor by the City, and/or in the event any portion of the facilities are installed by City forces, on the actual records of cost , kept by the City as a part of its customary procedures- In the event the difference in the deposit and the actual costs exceeds S25.00, Developer agrees to pay to the City any underpayment which said adjustment might indicate as being due' and City agrees to refund to Developer any overpayment , said refund ^ to be made only after all facilities required under all sections of this agree- ment have been completed to the satisfaction of the City. it is further agreed and understood that any additional payment required of Developer is to cover only such additional work and/or materials as may be made necessary by conditions encountered during construction, and shall not include any change in scope of the project. RECOMMENDED: \ ' ' J. L. xoo/nson, Director, Water Department � Date: � ^ |-3 60200 II STORM DRAINAGE AND STREET IMPROVEMENTS A. STORM DRAINAGE IMPROVEMENTS: 1. The City agrees to install or cause to have installed, or the Developer agrees to cause to be installed, the storm drainage facilities shown on the attached 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 based on the following minimum design. It is understood that actual sizes and costs may vary after detail engineering is accomplished and bids are taken: Drainage channel under beautification channel policy; channel excavation and sodding (15 foot bottom with 4:1 side slopes $121050.00 (See Exhibit "A") Cost of preparation of plans and specifications for the improvements if so performed by the City (10% of contract cost) 1 -0- TOTAL COST OF STORM DRAIN FACILITIES $12,050.00 3. The Developer's non-refundable payment is determined by "a" or "b" below: a. In the event the Developer awards his own contract and does not desire City participation, the Developer pays the entire cost of the storm drainage facilities. The conditions set out in Section IV, Paragraph F shall apply. b. In the event the Developer desires City participation and follows .the proce- dures as set forth in Section III, Policy for Storm Drain Installation, of the "Policies and Regulations for the Installation of Community Facilities" of the City of Fort Worth, the non-refundable cost to the Developer is as follows: Total Construction Cost $12,050.00 City participation -0- Non-refundable construction cost $12,050.00 Non-refundable engineering cost if city pre- pares plans and specifications (10% of non- refundable construction cost) -0- Estimated Non-refundable cost $12,050.00 II-1 �NEGATE MOBILE HOME PARK. No. 3, ,SE 11 (Continued) STORM DRAINAGE IMPROVEMENTS, 4. 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 shall not be obligated to make any refunds until all facilities required under all sections of this agreement have been completed to the satisfaction of the City. No refund of less than $25.00 will be made. In the event the difference in the deposit and actual cost exceeds $25.00, the Developer agrees to pay to the City any under payment and the City agrees to refund any over- payment to the Developer. 5. The channel falling along the east boundary of Stonegate Mobile Home Park No. 3, Phase 11, will be improved under the beautification policy and the Developer hereby ,agrees to execute a maintenance agreement in accordance witty. standard policy. 6. The Developer agrees that at such time as the type of usage changes for this development, the drainage channel �,.,ould then he improved in accordance with standard policy. Developer further agrees to enter into another. Community Facilities Agree- ment for any future drainage facilities . 11-2 W V tA 71 17 JIUASh, PbRi-tf No. 3$ ............. B. STREET IMPROVEMENTS: No street improvements required under this contract. k.v REGONMET,jDED: A J4'K M GiU%HAM, P.E. , PUBLIC I,JORKS DIRECTOR T Based on policy effective as of November 1,1971. 11-3 STONEGATE MOBILE HOME PARK NO. 3) PHASE II III STREET LIGHTS No street lights will be required in this contract. T. R. Buc}anan, Traffic Engineering Director ' HM PUK mum 11 FORT h s, TEM ZII.1 IV. U"'NERAL REQUIRDIENTS A. It is agreed and understood by the parties hereto that the developer shall employ a civil engineer, licensed to practice in the State of Texas, for the design and preparation of plans and specifications for the construction of all facilities covered by this contract , subject to paragraph B. B. For any project estimated to cost less than $6,000, or for any project designed to serve a single lot or tract, the developer may at his option request the City to provide the design engineering, and if such request is granted the developer shall pay to the City an amount equal to 10 per cent of the final construction cost of such project. C. In the event the developer employs his own engineer to prepare plans and specifi- cations for any or all facilities, the plans and specifications so prepared shall be subject to approval by the department having jurisdiction. One (1) reprodu- cible set of plans with 15 prints and 35 specifications for each facility shall be furnished the department having jurisdiction. It is agreed and understood that in the event of any disagreement on the plans and specifications, the decision of the Public Works Director, Traffic Engineering Director, and/or Water Department Director will be final. D. It is further agreed and understood by the parties hereto that upon acceptance by the City, title to all facilities and improvements mentioned hereinabove shall be vested at all times in the City of Fort Worth, and developer hereby relin- quishes any right, title, or interest in and to said facilities or any part thereof. E. 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, except for refunds due from "per connection charges" on sanitary sewers and from "front foot charges" on water mains, both of which refunds may continue to be made for a period of ten (10) years after the date hereof, as elsewhere provided herein. 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 the City of Fort Worth shall not be obligated to make any refunds due the developer on any facility constructed under this agreement until all provisions of the agreement are fulfilled. IV - 1 F. Performance bonds, or a cash deposit in lieu of and in like amount of the perfor- mance bonds, are required for streets, storm drainage and street lights, and must be submitted prior to the execution of the contract for installation of community facilities by the City. The bonds shall be standard performance bonds as provided by a licensed surety company on forms provided by that surety company. A cash deposit in lieu of the performance bonds may be made in the Treasury of the City of Fort Worth or in any financial institution in Fort Worth which is insured by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation. The City of Fort Worth cannot pay interest on any deposit made here- under in the Treasury of the City of Fort Worth. When the option is exercised to make the cash deposit in a financial institution, the following terms and conditions shall apply: (1) The developer shall execute four copies of a letter assigning the deposit to the City of Fort Worth and providing for the City to withdraw. the deposit if necessary to complete construction. Such letter of assignment must be accepted in writing by the financial institution. (2) Upon satisfactory completion of the facilities for which the deposit is made as security, the City of Fort Worth shall reassign the deposit to the deve- loper, including accrued interest or dividends thereon, upon express order of the City Manager. (3) Deposits may be made in any Fort Worth financial institution whose accounts are insured by the Federal Deposit Insurance Corporation or the Federal Savings & Loan Insurance Corporation. Bonds or Cash Deposits will be furnished for: (a) 100 per cent of the estimated developers share of the cost of the storm drains. (b) 20 per cent of the estimated developer cost of streets for amounts between $0 and $25,000 or $5,000 plus 15 per cent of the estimated developer costs for amounts between $25,001 and $50,000 or $8,750 plus 10 per cent of the estimated developer costs for amounts between $50,001 and $100,000 or $13,750 plus 5 per cent of the estimated developer costs for amounts over $100,000. (c) 100 per cent of the developer's share of the cost of the street lights as specified in Section 3 of the contract. (d) A cash payment of the developer's share of the proje'6t cost is required prior to initiation of construction for any facilities for which the City shall award the contract. IV - 2 G This contract , any part ht,,roof, or any Jnterest herein shall not be assigned by developer without writtca c,011selit of the City Nanager , 11id it is further agreed that such written consent wL.11 not be granted for thk.,.� assignment , transfer, pledge ane�,I/or conveyance of any ref,inds due or to become &W to developer e. at that such ass-ignment , transfer, pledge and/or conveyance shall be for tile full amount of the total of all suc!4 refunds due or to become due he�rekinder. It. On all facilities included in this agreement for whiel"i the developer awards his own construction contract , the developer agrees to follow the following procedures: (1) If the City participates in the cost of the facilities , the construction con- tract must be awarded after advertising in a local newspaper at least one time not less than two weeks prior to the date of receipt of sealed bl.,Li as required by State statutes prescribing regulations for contracts for public work. The sealed bids must be opened in the presence of a representative A the City. (2) To employ a construction contractor who is apprt")ved by the Director of the department having jurisdiction over the facility to be so constructed, said contractor to meet City's requirements for being insured , licensed and bonded to do work in public streets , and to be qualified in all respects to bid on public projects of a similar nature. (3) To require the contractor to furnish to the City payment , performance and maintenance bonds in the name of the C'ity for 100 per cent of the contract price of the facility, said bonds to be furnished before work is commenced. To further require the contractor to provide public liability insurance. (4) To give 48 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 construction 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, ana to make such laboratory tests of materials being used as may be required by the City. (5) To secure approval by the Director of the department having jurisdiction 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 delay connections of buildings to service lines of sewer ,and water mains constructed under this contract until said sewer ­id water mains and ser,,J.ce lines have been completed to the satisfaction of the Water Department. (7) It is expressly understood by and between the developer and the City of Fort Worth, that in the event the developer elects to award one single construc- tion contract for all facilities , water and F,: ,,Utary sewers, storm drainage and pavement, shall be separated in the bia,ditig and City participation, if any, shall be limited to the lowest possible combination of bids as if each of the abovi- were awarded as separate contracts. IV - 3 I. Anything to the contrary herein notwithstanding, for and in consideration of the premises and the covenants herein made by the City, the Developer covenants and agrees as follows: (1) The Developer shall make separate elections with regard to water and/or sanitary sewer facilities, storm drainage and street improvements and street lights as to whether the work prescribed herein shall be per- formed by the City, its Contractor, or by the Developer's Contractor. Each such separate election shall be made in writing and delivered to City no later than six (6) months prior to the expiration of this agreement . In the event any of such separate elections has not been so made and delivered to City by such date, it shall be conclusively presumed that the Developer has elected that such work be performed by the City in accordance with all of the terns of this agreement, and in particular Paragraph III F hereof. (2) Irrespective of any such election and whether the work is to be per- formed by the Citv, its Contractor or by the Peveloper's Contractor, the Peveloper covenants and agrees to deliver to the City a perform- ance bond or a cash deposit in lieu thereof in accordance with the pro- visions of Paragraph Iv r of this agree:-ent. (3) In addition to the bond or deposit required in the preceding paragraph, in the event Developer elects that the -ork be performed by the City, or its Contractor, or such election is presumed as provided above, the Developer covenants and agrees to pay to the City his share of the es- timated construction costs. The amount of such estimated payment shall be computed as set out in Sections I, II and III hereof, based upon the lowest responsible bids for such work as determined by City, or upon a cost estimate for work to be performed by City forces prepared by the City, as appropriate, and shall he subject to adjustment to actual costs upon final completion of the project. Such estimated payment shall be made promptly upon demand by City, it being contemplated that such payment will be made after the receipt of bids for the work but in every case prior to the award of any construction contract, unless otherwise specifically set out herein. (4) Developer further covenants and agrees to, and by these presents does hereby fully indemnify, hold harmless and defend the City, its offi- cers, agents and employees from all claims, suits or causes of action of any nature whatsoever, whether real or asserted, brought for or on account of any injuries or damages to persons or property, including death, resulting from, or in any way conne-zed with, this agreement, or the construction of the improvements or facilities described herein: and in addition the Developer covenants to indemnify. hold harmless and de- fend the City, its officers, agents and employees from and against all claims, suits, or causes of action of any nature ;,hatsoever brought for, or on account of any injuries or damages to persons or property, includ- ing death, resulting from anv failure to property safeguard the work or on account of any act, intentional or otherwise, neglect or misconduct of the Developer, its Contractors, Subcontractors, agents or employees. J. The attached Exhibits �A and II are made a part hereof for all intents and purposes. Iv - 4 IN TESTIMONY WPIKREOF, 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 affixed, and said Developer has executed this instrument in quadruplicate, at Fort Worth, Texas this the day of k C 19 , ATTEST: CITY OF FORT WORTH, TEXAS ate an, City Secretary R. 1 . f,17n-e-,,--t'i-t-y---Ma-nager jRo 4Aa t�egm APPROVED AS TO FORM AND LEGALITY: DEVE ()P"'ER: 0 00,000" 00 - Cow S. G. Johndroe, Jr. , City Attorney" U009M711 r N-ner IV - 5 APPENDIX SJ MARY Cost Estimates for Stonegate Mobile Hone Park No. 3, Phase II Performance Bonds Bevei�per's City's Total Letter of Credit Construction Construction Cc7nstruction C.D. 's or Section Cost, C--sr Cost Escrow k., Section I Water $ -0- Sewer $ 8,000 $5,100 $13,100 -0- Section II Storm Drains $12,050 -0- 12,050 12,050 Street Paving (Existing) Interior. Streets Border Streets (construction cost tc be determined at such time as streets are improved) Section III Street Lights (Existing) TOTALS $20,050 $5,100 $25,150 $12,050 NOTE: If the City performs the work with City farces or awards the construction contracts a cash deposit for developet 's portion of the cost is required prior to contract award. This cash deposit is in addition to other required deposits or bonds as outlined in Paragraph IV F of this agreement . *Non refundable deposit for assessments as outlined in Section II (Performance Bonds are unacceptable) 'Si"' f I 'ACCESS ROAD AND RANCOL MILL R", EiMAWAS i COVERED UNDER PREVI M, CONTRACT. i NEW/ PROJECT M 1 « f(IRE LAME CASE « i I /. BEAUTIFICATION FUTURE 111VfL0PEl4E*T--__, M M LEGEND =CHANNEL TO BE IMPROVED T -- Ea BY— EXHIBIT NO. A CARTER j 3. R e . � rl iy PRO POSFO 4 4 > koo f YC 1 _ . ,. I _ m ,• u 5 i � r , a L X I ES T 1 N3, i MM 0 elm { m � k M, 6 ....... ��.....,r .,.. . STONEGATE MOBIL.;* �� � m�w � ����� ` �� ____ CARTE R R to R C,,, �� � ��� �. EXHIBIT NO. �3 DRAINAGE DITCH MAINTENANCE AGREEMENT THE STATE OF TEXAS I KNOW ALL MEN BY THESE PRESENTS THAT: COUNTY OF TARRANT I WHEREAS, Trammell Crow of Dallas County, is the owner of Stonegate Mobile Home Park No. 3, Phase 11, an Addition to the City of Fort Worth, Tarrant County, Texas; and, WHEREAS, Trammell Crow has made and entered into a Community Facilities Agreement with the City of Fort Worth for the development and improvement of Lot 2, Block 1, Stonegate Mobile Home Park No. 3, an Addition to the "- q n City of Fort Worth, such agreement being designated as Contract No. Z ' in the office of the City Secretary of the City of Fort Worth; and, WHEREAS, Trammell Crow has prepared and submitted a plat of said area to the City of Fort Worth for its approval prior to such plat being recorded in the office of the County Clerk of Tarrant County, Texas, and by virtue of such plat, Developer proposes to dedicate to the City of Fort Worth a drainage easement which extends from the north property line of Lot 2, Block 1, Stonegate Mobile Home Park No. 3, 760 feet south to a point, and is shown as the area outlined in red on the attached diagram, which is marked Exhibit 'I" and hereby incorporated herein by reference for all purposes; and, WHEREAS, As a condition precedent to such Community Facilities Agreement becoming effective and the approving and recording of such plat, the City of Fort Worth required that Trammell Crow make certain covenants running with the land to bind himself and future owners of the hereinafter described property to indemnify the City of Fort Worth from and against all expenses or damages arising out of the failure of Trammell Crow or his successors in title to maintain such area as set forth in this agreement; NOW THEREFORE, Trammell Crow of Dallas County acting herein as the duly authorized owner, hereinafter called "Developer," for and in consideration of the premises and the taking effect of Contract No._ , hereby covenants as follows with the public and the City of Fort Worth, such covenants to constitute a servitude upon and to run with the land and be binding upon Trammell Crow and all future owners of the following described real property situated in Fort Worth, Tarrant County, Texas: Lot 2, Block 1, Stonegate Mobile f?ome Park No. 3, an Addition to the City of Fort Worth, Tarrant County, Texas, as shown on plat recorded in Volume '1_'A"Page _ of the Plat Pecords of Tarrant County, Texas. 1. Developer covenants and agrees to maintain at all times the bed and banks of the drainage channel, in the drainage easement outlined in red on the attached Exhibit "A" in accordance with the current standards then in force and effect in the City of Fort Worth at no expense to the City of Fort Worth. In the event Developer fails or refuses to correct any deficiencies or to make any improvements in the bed and banks of the drainage channel which are necessary in the opinion of the City of Fort Worth to bring such drainage channel into compliance with the current stan- dards for such channels then in force and effect in the City of Fort Worth within 90 days after being directed in writing by the City of Fort Worth to correct such deficiencies or make such improvements, then and in such event the City of Fort Worth shall be authorized to enter in and upon such drainage channel and to correct such deficiencies or make such improvements or cause same to be done on behalf of and at the expense of Developer and to impress a lien for the cost of such work upon the real. property in Lot 2, Block 1, Stonegate Mobile Home. Park No. 3, an Addition to the City of Fort Worth, Tarrant County, Texas, adjacent to and abutting the area in the drainage channel where such work was performed in order to secure reimburse- ment for such cost to the City. Such lien shall be perfected by filing in the office of the County Clerk of Tarrant County, Texas, an affidavit identify- ing the property to be charged with such lien, stating the amount thereof, and making reference to this agreement. 2. 2. Developer covenants and agrees and does hereby indemnify, hold harmless and defend the City of Fort Worth, its agents, servants and employees from and against all costs, expenses, losses, damages, claims or causes of action whatsoever arising, or which might arise, from the failure of Developer or any future owners of the above described pro- perty to maintain the bed and banks of the drainage channel in accord- ance herewith, or to perform any of its duties or obligations hereunder. 3. Developer covenants and agrees that no habitable building shall be erected within the drainage easement outlined in red on Exhibit "A", but this paragraph shall not preclude construction of other improve- ments within the drainage easement which do not impede drainage. 4. Developer covenants and agrees that no habitable building shall be erected on the above described property abutting such easement which shall have a finishes floor at an elevation less than two feet above the maximum depth of water in the drainage channel which would occur during a fifty (50) year frequency flood. 5. Developer agrees that the above described real property abutting the drainage channel will not be subdivided into smaller parcels or tracts unless and until an agreement in writing is made between the City of Fort Worth and the then owners thereof providing for the im- provement at no expense to the City of the bed and banks of the drain- age channel to the extent deemed necessary by the City, impressing a lien upon such parcels or tracts for the cost of such improvements and indemnifying the City of Fort Worth, its agents, servants and employees from and against all cost, expenses, losses, damages, claims or causes of action whatsoever arising, or which might arise, from the failure of such future owners to maintain the bed and banks of the drainage channel in accordance herewith, or to perform any of their respective duties and obligations hereunder. 3 - The above covenants and agreements shall constitute a servitude upon and shall run with the land and be binding upon the Developer and all subsequent owners of the above described real property abutting the drainage easement outlined in red on the attached Exhibit "A," and hereby incorporated herein by reference for all purposes. EXECUTED THIS DAY OF A. D., 19 T,,RA tf'CCROW Aft. .,, ...... By THE STATE OF TEXAS COUNTY OF Before me, the undersigned authority on this day personally appeared known to me to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that he executed the same for the purposes and consideration therein expressed and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE, this day of �� ✓ A. D. , 1971. Notary public in and for -a County, Texas. ��t