HomeMy WebLinkAboutContract 31497�
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CITY OF FORT WORTH, TEXAS
ADVANCE FUNDING AGREEMENT
This AGREEMENT is between the City of Fort Worth (the "CTTY"), and HCA Health
Services of Texas, Inc. ("DEVELOPER"), for a PROJECT generally described as the review of
the schematic and PS&E package for a turn around bridge located on the north side of North
Tarrant Parkway Interchange with IH-35W:
Whereas, DEVELOPER has requested CTTY to enter into a Local Project Funding Agreement
(LPAFA) for Voluntary Transportation Improvement Projects (On-System) with the State of
Texas, hereinafter refened to as the "State", for review and construction of a"Texas
Turnaround" Bridge at North Tarrant Parkway and IH-35; and
Whereas, DEVELOPER has agreed to be responsible for and to pay for all expenses incurred
by the CTTY in connection with the LPAFA.
Now, therefore, CTI'Y and DEVELOPER agree as follows:
Article I
Scope of Services
The DEVELOPER agrees to deliver to the CTI'Y 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 consttuction time estimate including
types of activities and month in the foimat required by the State. All work will be performed in
accordance with the ,Stnr�dnril , e�' 'rntinn,c �'nr <'nn.ctr�,ir.tinn nn� MnintPnnncP �f�g u�nv.c
,S'trpPt,c, nnd Rrirlgp.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 $2n,nn�.nn 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 CTTY for any additional actual costs that CITY is required
to reimburse the State under the Master Advanced Funding Agreement existing between the
State and CTTY.
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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 , 2005:
ATTEST:
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City Secretary
APPROVED AS TO FORM
AND LEGALITY
Gary Steinberger
Assistant City Attorney
ATTEST:
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CITY OF FORT WORTH
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Marc A. Ott
Assistant City Manager
NO M&C RCQUIR�D
APPROVAL RECOMMENDED
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Rob rt D. Goode, P.E., Director
Transportation/Public Works Department
HCA Health Services of Texas, Inc
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Howard K. Patterson
Vice President
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