HomeMy WebLinkAboutContract 29487CITY SECRE%4RY r ^i
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CITY OF FORT WORTH, TEXAS
ADVANCE FUNDING AGREEMENT
This AGREEMENT is between the City of Fort Worth (the "CITY"), and Presidio Vista I, Ltd.
("DEVELOPER"), for a PROJECT generally described as review of the proposed North
Tarrant Parlcway Schematic Design from IH-35W to US 287:
Whereas, DEVELOPER has requested CITY to enter into a Local Project Funding Agreement
(LPAFA) for Voluntary Transportation Improvement Projects (Off-System) with the State of
Texas, hereinafter referred to as the "State", for a review of the schematic for North Tairant
Parkway from IH-35 to US 287; and
Whereas, DEVELOPER has agreed to be responsible for and to pay for all expenses incurred
by the CITY in connection with the LPAFA.
Now, therefore, CITY and DEVELOPER agree as follows:
Article I
Scope of Services
The DEVELOPER agrees to deliver to the CITY and State all electronic and printed copies of
general notes, specifications, contract provision requirements, and related documentation in a
Microsoft Word or similar document. The DEVELOPER will use the State's document
template. The DEVELOPER will also provide a detailed construction time estimate including
types of activities and month in the format required by the State. All worlc will be performed in
accordance wlth the ��tnnrinrd ,�'nPrifirnt�in�fnr �,'nnctr7.tr�tinn anrl MnintP»nnra nf Ni�l��a�,�
,4trPPt.�, nr,�P.c adopted by the State and incorporated herein by reference, or special
specifications approved by the State.
Article II
Compensation
Contemporaneously with the execution of this agreement, DEVELOPER shall deposit the sum
of $15,000 with CITY for reimbursement of the costs to be incurred by the CITY under its
agreement with the State.
In the event DEVELOPER determines that funding the additional cost is not in its best interest,
DEVELOPER shall so notify CITY, who shall then terminate the LPAFA with the State.
DEVELOPER agrees to reimburse CITY for any additional actual costs that CTTY is required
to reimburse the State under the Master Advanced Funding Agreement existing between the
State and CITY.
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Article III
City Responsibilities
CITY shall have no duties to DEVELOPER unless and until all funds required of
DEVELOPER, either at the time of the execution of this agreement or otherwise, are deposited
with the CITY.
Executed in Fort Worth, Texas, this the:��� "� � day of �- �_ �'. �, , 200�:``�
ATTEST:
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Gloria Pearson
City Secretary
APPROVED AS TO FORM
AND LEGALITY
Gary Steinb rger
Assistant City Attorney
CITY OF FORT WORTH
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Marc A. O
Assistant City Manager
PRESIDIO VISTA I, LTD.
By: GLC Fort Worth, LLC, Its Sole General Partner
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Scott D. Wolcott
President
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APPROVAL RECOMIVIENDED
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Robert D. Goode, P.E., Director
Transportation/Public Works Deparhnent
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::or,trac'c Authoriza�tion
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Date
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City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 1/13/2004
DATE: Tuesday, January 13, 2004
LOG NAME: 2020PRESIDIO
REFERENCE NO.: **C-19929
SUBJECT:
Approval of Local Project Advance Funding Agreement with the Texas Department of
Transportation and Approval of Advance Funding Agreement with Presidio Vista I, Ltd. for the
Schematic Design of North Tarrant Parkway from IH-35W to US287
RECOMMENDATION:
It is recommended that the City Council:
1. Authorize the City Manager to execute the Advance Funding Agreement accepting $15,000 from
Presidio Vista I, Ltd. for the Texas Department of Transportation's (TxDOT) review of schematic design
plans for North Tarrant Parkway from IH-35W to US287; and
2. Authorize the City Manager to execute the Local Project Advance Funding Agreement with TxDOT in
the amount of $15,000 for review of the schematic design plans for North Tarrant Parkway from IH-35W to
US287; and
3. Authorize payment to TxDOT in the amount of $15,000 for review of the schematic design plans for the
project.
DISCUSSION:
A developer, Presidio Vista I, Ltd., prepared schematic design plans for North Tarrant Parkway from IH-
35W to US287 and requested that the City submit the plans to TxDOT for review. The Texas
Transportation Commission Minute Order Number 85094 authoriz�d TxDOT to review the schematic plans,
and TxDOT prepared a Local Project Advance Funding Agreement with the City in the amount of $15,000
for review of the plans.
City staff prepared an Advance Funding Agreement with Presidio Vista I, Ltd. to reimburse the City for costs
incurred by the City under its agreement with TxDOT. The Transportation and Public Works Department
will be responsible for the collection of these funds. North Tarrant Parkway from IH-35W to US287 is
shown as a principal arterial street as an amendment to the City's 2001 Master Thoroughfare Plan.
This project is located in COUNCIL DISTRICT 2.
FISCAL INFORMATION/CERTIFICATION:
The Finance Director certifies that funds are available in the current capital budget, as appropriated, of the
Critical Capital Projects Fund.
Lognaine: 2020PRESIDIO Pa�e 1 of 2
TO Fund/AccountlCenters
3ubmitted for City Manager's Office b�
Originating Department Head:
Additional Information Contact:
FROM Fund/Account/Centers
C116 531200 020116021224 $15,000.00
Marc Ott (8476)
Robert Goode (7804)
Robert Goode (7804)
Lo�name: 2020PRESIDIO Pa�e 2 �f 2