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Home My WebLink AboutContract 31806 COMMUNITY FACILITIES AGREEMENT THE STATE OF TEXAS § City Secretary COUNTY OF TARRANT § Contract No.8 IEC(� WHEREAS, Kimball Hill Chadwick Farms, L. P., hereinafter called "Developer", desires to make certain improvements to Chadwick Farm, Section 1, an addition to the City of Fort Worth, Texas; and WHEREAS, the said Developer has requested the City of Fort Worth, a municipal corporation of Tarrant and Denton Counties, Texas, hereinafter called "City", to do certain work in connection with said improvements. NOW, THEREFORE, KNOW ALL BY THESE PRESENTS: That said Developer, acting herein by and through Kimball Hill Homes Dallas, LP, its general partner, acting herein by and through Kimball Hill Homes Dallas Operations, LLC, acting herein by and through Samuel L. Wyse, III, its duly authorized vice president, and the City, acting herein by and through Marc Ott, its duly authorized Assistant City Manager, for and in consideration of the covenants and conditions contained herein, do hereby agree as follows: I. General Requirements A. The Policy for the Installation of Community Facilities ("Policy") dated March 2001, approved by the City Council of the City of Fort Worth, is hereby incorporated into this Community Facilities Contract as if copy herein verbatim. Developer agrees to comply with all provisions of said Policy in the performance of its duties and obligations hereunder. B. The requirements of the Policy shall govern this Community Facilities Agreement, provided, however, that any conflict between the terms of this Community Facilities Agreement and the Policy shall be resolved in favor of this Agreement. C. Developer shall provide financial security in conformance with paragraph 6, Section II, of the Policy. D. The Developer shall award all contracts for the construction of community facilities in accordance with Section II, paragraph 7 of the Policy. 11 o T, COMMUNITY FACILITIES AGREEMENT ,I CHADWICK FARMS,SECTION Page Iof7 "sit" BYtl' p J\.a E. The contracts for the construction of the public infrastructure shall be administered in conformance with paragraph 8, Section II, of the Policy. F. The Developer further covenants and agrees to, and by these presents does hereby, fully indemnify, hold harmless and defend 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 persons (including death) or to any property, resulting from or in connection with the construction, design, performance or completion of any work to be performed by said Developer, his contractors, subcontractors, officers, agents or employees, or in consequence of any failure to properly safeguard the work or on account of any act, intentional or otherwise, neglect or misconduct of said DEVELOPER, his contractors, sub-contractors, officers, agents or employees, whether or not such injuries, death or damages are caused, in whole or in part, by the alleged negligence of the City of Fort Worth, its officers, servants, or employees. G. Developer shall install or adjust all of the required utilities to serve the development or construct the improvements required herein. H. In the event that City participation exceeds $25,000, Developer agrees that no street construction or storm drainage will begin prior to City Council approval of this Community Facilities Agreement. (Article 104.100, Ordinance 7234). I. Developer agrees that no lot shall be occupied under a certificate of occupancy until the improvements required herein have been constructed (Article 104.100, Ordinance 7234). J. Developer hereby releases and agrees to indemnify and hold the City harmless for any inadequacies in the preliminary plans, specifications and cost estimates supplied by Developer for this contract. K. Developer agrees to provide, at its expense, all necessary rights of way and easements across property owned by Developer required to construct current and future Hnpro�cmcnt; provided for in this agreement. COMMUNITY FACILITIES AGREEMENT CHADWICK FARMS,SECTIONI Page 2 of 7 F77-7-- J `:. (�: L. Developer agrees to construct the proposed improvements as shown on the following exhibits which are attached hereto and incorporated herein for all intents and purposes: Exhibit B Paving Exhibit B-1 Storm Drains Exhibit C Street Lights and Signs M. City shall not be responsible for any costs that may be incurred by Developer in the relocation of any utilities that are or may be in conflict with any of the community facilities to be installed hereunder. IL Street and Storm Drain Facilities A. The Developer(s) agree to install or to cause to have installed, the street, storm drainage, street lighting, street name sign and other community facilities improvements shown as "current improvements" on the attached Exhibits B, B 1, and C. B. As shown below in the "Summary of Cost for Street and Storm Drain Facilities", the Developer shall fund its share of "current improvements" and shall pay to the City IOr its share of the cost of street, storm drainage, street lighting, street name signs as shown on the attached Exhibits B, B 1, and C. The estimated total cost of current improvements and related support services specified in this agreement, including design, construction and inspection is estimated to $1,957,837.52. COMMUNITY FACILITIES AGREEMENT CHADWICK FARMS,SECTION Page 3 of 7 SUMMARY OF COST Chadwick Farms Section 1 Item Developer City Cost Total Cost Cost A. Construction 1. Streets $1,203,120.33 $ 116,129.75 $ 1,319,250.08 2. Storm Drainage $490,101.70 $ 490,101.70 3. Street Lights $79,200.00 $ 79,200.00 4. Street Name Signs $1,900.00 $ 1,900.00 B. Engineering Design $ - $ - C. Construction Engineering Is - and Management by DOE 4% $ 67,385.74 Is 67,385.74 TOTALS $ 1,841,707.77 $ 116,129.75T$ 1,957,837.52 Notes: 1. All Preliminary Plats filed after July 2000 will require sidewalks on all streets. The developer is responsible for installation of sidewalk and a separate financial guarantee is required in the form of a bond or check for the cost of the sidewalk. 2. Developer's column for Item C represents four percent (4%) cost for construction inspection fees and materials testing. The City will pay additional inspection fee over 4%. 3. City not preparing plans and specifications. COMMUNITY FACILITIES AGREEMENT CHADWICK FARMS,SECTION Page 4of7 2 011 �7 III. Future Improvements A. Developer is in the process of developing Chadwick Farms, Sections 1 and 2. Upon the execution of this Agreement, Developer agrees to pay to the City the sum of One Hundred Ninety Thousand Dollars ($190,000), such funds being hereinafter referred to as the "Escrow", for future improvements to Litsey Road, such improvements being necessitated by the additional demands that the development of Chadwick Farms, Sections I and 2 will be placing upon Litsey Road and being roughly proportionate to the impact of the proposed development on said road, and fairly represents the Developer's proportional share of the cost of the improvements to Litsey Road. Developer waives any right to claim or assert that the Escrow amount of$190,000 is not roughly proportionate to the impact of the proposed development on said road, or does not fairly represent the Developer's proportional share of the cost of the improvements to Litsey Road as a result of the additional demand placed on Litsey Road from the development of Chadwick Farms, Sections 1 and 2. B. By providing the Escrow, Developer further agrees: (a) This payment to the City is an assessment contemplated under Chapter 313 of the Texas Transportation Code; and (b) The amount of special benefit and enhanced value to Owner's property resulting from construction of the improvements to Litsey Road is equal to or greater than the amount of the Escrow, and (c) To waive the rights granted to Owner in Chapter 313 of the Texas Transportation Code to contest or appeal the assessment. C. By accepting the Escrow and by execution of this contract, City agrees that the Developer and any successor owner of all or part of Chadwick Farms, Sections 1 and 2 will have no obligation whatsoever to pay any amounts in addition to the Escrow or take any further action with regard to the construction of the improvements to Litsey Road, even if(a) the actual COMMUNITY FACILITIES AGREEMENT CHADWICK FARMS,SECTIONI Page 5 of 7 costs to construct the improvements to Litsey Road exceed the costs expected by the City as of the date of this contract, (b) the specifications, composition, or other characteristics for the improvements to Litsey Road hereafter change for any reason, (c) a mistake has been made (mutual or unilateral) in computing the costs of the improvements to Litsey Road, or (d) the costs or scope of the improvements to Litsey Road change for any reason. D. Developer and City agree that the terms of this agreement eliminate the need for a public hearing and issuance of notices as required by Tex. Transp. Code Ann. §§313.047-313.048 (Vernon Supp 1998). E. This agreement shall be binding upon and inure to the benefit of the City and Owner and their respective successors and assigns. COMMUNITY FACILITIES AGREEMENT CHADWICK FARMS,SECTION Page 6 0f7 Executed this J eday of [DULL , 2005. Approval Recommended: aCF T W R H Robert Goode, P. E�O&., Director c W. Transportation and Public Works Assistant City Manager ATTEST: Approv s to Fo gality: fh Marty HendrikAssistant ttorney City Secretary Attest: DEVELOPER Kimball Hill Chadwick Farms LP A Texas Limited Partnership By: Kimball Hill Homes, LP Contract/4u—t(hhoorrizatioa It's General Partner v� Ey: Kimball Hill Homes Dallas Date Operations, LLC it's General Partner Samuel L. Vyse, III Vice President RECEIVED COMMUNITY FACILITIES AGREEMENT CHADWICK FARMS,SECTIONI Page 7 of 7 ENGINEER'S OPINION OF PROBABLE COST Date: 4/7/2004 Project: Chadwick Farms, Section I Client: Kimball Hill Job No: 9933 Location: Fort Worth, Texas Page: 1 of 3 ITEM UNIT TOTAL No. DESCRIPTION UNIT QUANTITY PRICE COST Paving Facilities 1. 6" Concrete Pavement S.Y. 31,377 $19.25 $604,007.25 2. 8" Concrete Pavement * S.Y. 10,190 $21.25 $216,537.50 3. 6" Asphalt Pavement S.Y. 1,353 $19.25 $26,045.25 4. Lime Stabilized Subgrade * S.Y. 45,653 $3.50 $159,785.50 5. Barrier Free Ramps Ea. 34 $650.00 $22,100.00 6. Barricade &Header L.F. 145 $30.00 $4,350.00 7. Connect to Existing Road Ea. 1 $1,000.00 $1,000.00 8. Sidewalk L.F. 3,302 $14.00 $46,228.00 (Thoroughfare and Non-Residential) Paving Subtotal $1,080,053.50 10% Contingency $108,005.35 Paving Subtotal $1,188,058.85 *Cost participation by Transportation/Public Works for 3839 S.Y. 8" Concrete for median breaks and first Toff of curb on Cleveland-Gibbs Road is $81,578.75, and 3839 S.Y. lime treated subgrade is $13,436.50. 1. Sidewalk L.F. 16,560 $14.00 $231,840.00 Paving Subtotal $231,840.00 10% Contingency $23,184.00 Paving Subtotal $255,024.00 A separate sidewalk bond in the amount of$255,024.00 shall be provided for sidewalks internal to the subdivision to be constructed by the homebuilder. This Engineer's opinion of probable construction cost is made on the basis of the Engineer's experience and best judgement as a design professional. It must be recognized that any evaluation of work to be performed to construct this project must by necessity be speculative in nature until completion of its actual detailed design. In addition the engineer has no control over the cost of labor material or services to be furnished by others or over market conditions. Accordingly Goodwin 8r. Marshall, Inc. can not guarantee that actual costs will not vary from the opinions expressed herein. ENGINEER'S OPINION OF PROBABLE COST Date: 4/7/2004 Project: Chadwick Farms, Section 1 Client: Kimball Hill Job No: 9933 Location: Fort Worth, Texas Page: 2 of 3 ITEM UNIT TOTAL No. DESCRIPTION UNIT QUANTITY PRICE COST Storm Drain Facilities 1. 10'Depressed Curb Inlets Ea. 14 $2,300.00 $32,200.00 2. 5' x 5'Drop Inlet Ea. 1 $3,000.00 $3,000.00 3. 21" R.C.P. L.F. 546 $38.00 $20,748.00 4. 24" R.C.P. L.F. 114 $46.00 $5,244.00 5. 27" R.C.P. L.F. 210 $48.00 $10,080.00 6. 33" R.C.P. L.F. 198 $56.00 $11,088.00 7. 36" R.C.P. L.F. 432 $58.00 $25,056.00 8. 39" R.C.P. L.F. 296 $72.00 $21,312.00 9. 54" R.C.P. L.F. 57 $105.00 $5,985.00 10. 60" R.C.P. L.F. 1,839 $120.00 $220,680.00 11. 27" Type "B" Headwall Ea. 1 $1,000.00 $1,000.00 12. 39" Type "B" Headwall Ea. 3 $1,400.00 $4,200.00 13. 60" Sloped End Headwall Ea. 1 $2,500.00 $2,500.00 14. 5' x 5' Junction Box w/M.H. Riser Ea. 1 $2,500.00 $2,500.00 15. Tx 4' Junction Box w/M.H. Riser Ea. 3 $2,750.00 $8,250.00 16. Tx 5' Junction Box w/M.H. Riser Ea. 1 $3,250.00 $3,250.00 17. Gabion Mattress S.Y. 79 $75.00 $5,925.00 18. Class "A" Dry Rock Riprap S.Y. 50 $75.00 $3,750.00 19. Trench Safety L.F. 3,692 $1.00 $3,692.00 Storm Drain Subtotal $390,460.00 10% Contingency $39,046.00 Storm Drain Subtotal $429,506.00 This Engineer's opinion of probable construction cost is made on the basis of the Engineer's experience and best judgement as a design professional. It must be recognized that any evaluation of work to be performed to construct this project must by necessity be speculative in nature until completion of its actual detailed design. In addition the engineer has no control over the cost of labor material or services to be furnished by others or over market conditions. Accordingly Goodwin & Marshall, Inc. can not guarantee that actual costs will not vary from the opinions expressed herein. ENGINEER'S OPINION OF PROBABLE COST Date: 4/7/2004 Project: Chadwick Farms, Section 1 Client: Kimball Hill Job No: 9933 Location: Fort Worth, Texas Page: 3 of 3 ITEM UNIT TOTAL No. DESCRIPTION UNIT QUANTITY PRICE COST Miscellaneous 1. Street Lights Ea. 34 $475.00 $16,150.00 2. Street Light Conduit L.F. 6,897 $6.50 $44,830.50 Miscellaneous Subtotal $60,980.50 10% Contingency $6,098.05 Miscellaneous Subtotal $67,078.55 This Engineer's opinion of probable construction cost is made on the basis of the Engineer's experience and best judgement as a design professional. It must be recognized that any evaluation of work to be performed to construct this project must by necessity be speculative in nature until compl detailed design. In addition the engineer has no control over the cost of labor material n r `Cesitc5 �,;^r furnished by others or over market conditions. Accordingly Goodwin & Marshall, Inc. can ppb.kuaraiitee that actual costs will not vary from the opinions expressed herein. I. STREET LIGHT COST ESTIMATE QUANTITY UNIT COST TOTAL COST INTERSECTIONS 9 EA $ 2, 000 $18, 000 . 00 MID-BLOCK RESIDENTIAL 11 EA $ 2 , 000 $22, 000 . 00 CHANGE OF DIRECTION RESIDENTIAL G EA $ 2, 000 $12, 000 . 00 MID-BLOCK COLLECTOR 0 EA $ 2 , 000 $0 , 000 . 00 MID-BLOCK ARTERIAL PARKWAY 0 EA $ 2 , 500 $0, 000 . 00 MID-BLOCK ARTERIAL MEDIAN 8 EA $ 2, 500 $20, 000 . 00 RELOCATE EXISTING LIGHT 0 EA $ 1, 500 $0, 000 . 00 Subtotal $72, 000 .00 City' s Cost $00, 000 .00 Developer's Subtotal $72, 000 .00 10% Contingencies $7, 200 . 00 Project Total $79,200.00 Adjacent Developer' s Cost $0, 000.00 Developer' s Cost $79,200.00 2% Inspection Fee $0, 00.00 DEVELOPER'S COST: $79,200.00 CHADWICK FARMS, SECTION I May 19, 2004 Fort Worth, Texas May 25, 2004 PAGE I OF Exhibit C II. STREET LIGHTS WORK DESCRIPTION: 1 . The Developer shall provide for the installation of streetlights at the approximate locations shown in Exhibit "C" , immediately after final acceptance of the street construction, in accordance with engineering plans and specifications approved by the Transportation and Public Works Department . 2 . Streetlights on residential and /or collector streets can be installed using overhead or underground conductors with the approval of the Director of Transportation and Public Works . 3 . The City will install all the streetlights that use overhead or underground conductors on residential, and collector streets. the developer agrees to pay the city the amount shown below prior to the City starting it' s design efforts. 4 . Streetlights on arterial streets shall be installed with underground conduit and conductors . S . The Developer agrees to dedicate all easements required for the installation and maintenance of the street lights and to provide for the installation of any electrical transformers required for the proper operation of the street lights 6 . The estimated cost of this street light installation is detailed on page 1 of exhibit C and is summarized below, the street lights will remain the property of, and will be maintained by the City of Fort Worth. DEVELOPER'S COST: $79,200.00 CHADWICK FARMS, SECTION I May 19, 2004 FORT WORTH, TEXAS Page II of Exhibit C III. "STREETLIGHTS" INTERSECTIONS LANDING CREEK LN & ELMGREEN DR 1 LANDING CREEK LN & PORELAND DR 1 SUNNYGATE DR & YARBERRY DR 1 YARBERRY DR & PORELAND DR 1 LANDING CREEK LN & YARBERRY DR 1 PORELAND DR & ADLONG DR 1 DELLMAN DR & ELMGREEN DR 1 ALDERBROOK LN & ELMGREEN DR 1 YARDBERRY DR & YARDBERRY CT 1 MID-BLOCK LANDING CREEK LN 1 ALDERBROOK LN 1 DELLMAN DR 1 YARDBERRY DR 2 EAGLERUN DR 2 ADLONG DR 2 SUNNYGATE DR 2 CHANGE OF DIRECTIONS LANDING CREEK LN 1 SUNNYGATE DR 1 ADLONG DR 1 DENRIDGE LN 2 YARDBERRY DR 1 MID-BLOCK MEDIAN CLEVELAND GIBBS RD 8 CHHADWICK FARMS, SECTION I Page III of Exhibit C IV STREET NAME SIGNS 1 . The City of Fort Worth will install the street name signs upon final approval of the street construction. The street name signs will remain the property of, and will be maintained by, the City of Fort Worth. 2 . The Developer will pay for the street name sign installations required for this development to the extent of $100 . 00 per intersection. This unit cost will be revised annually by the Department of Transportation and Public Works to reflect prevailing costs of materials and labor. 3 . This development creates the following nineteen (19) intersections at a cost to the Developer of $1, 900 . 00 : Litsey Rd & Cleveland Gibbs Rd Alderbrook Lane & Landing Creek Lane Alderbrook Lane & Elmgreen Dr Elmgreen Dr & Landing Creek Lane Elmgreen Dr & Dellman Dr Foreland Dr & Landing Creek Lane Landing Creek Lane & Cleveland Gibbs Rd (EB) Landing Creek Lane & Cleveland Gibbs Rd (WB) Foreland Dr & Cleveland Gibbs Rd (EB) Foreland Dr & Cleveland Gibbs Rd (WB) Foreland Dr & Yarberry Dr Foreland Dr & Adlong Dr Landing Creek Lane & Yarberry Dr Sunnygate Dr & Yarberry Dr Sunnygate Dr & Adlong Dr Yarberry Ct & Yarberry Dr Dendridge Lane & Adlong Dr Dendridge Lane & Eaglerun Dr Eaglerun Dr & Yarberry Dr Chadwick Farms Section 1 CFA code: 2004052 Date : May 7, 2004 NORTHLAKE CITY LIMIT 5 114 �o l� L� N N� 35W ~_ NORTHLAKE E.T.J. CITY OF FORT WORTH / O J w 1 0 Y O O / 3 �a Cemetery12 o o — T O mA F O 0 / SITE 3 LOCATION 0,-r U- Greek LITSEY ROAD \,e�� OHC00T0 MAP NTS Q 0 0 C=T01ADWHCT1\\1,,. FARMS co 00000000 0 0 LOCATED HN 3 000 OF FOIST WORTH9 TEXAS 0 t U OWNED/DEVELOPED BY: RECEIVED PREPARED BY: '9i,4 O®®DWEN3 N Kimball Hill Homes CML ENGINEERS—PLANNERS—SURVEYORS 2405 Mustang Drive,Grapevine,Texas 78061 aDALLAS DIVISION Metro(817)3294373 i 3010 LBJ FREEWAY, STE. 1100 NOVEMBER, 234 Phone: (972)1A 48752200 NOVEMBER, 2004 w v O N W WN z z z N Q Q 2 > } J J �LLA D Z O Q Nei N� (nU , CD v 0 U v00 vOU' ZQ a iia w a Z > Z > Z2) H� CO)I �- n W < 0 > QD=> QD:>O I 2 3 a- 3. a- 0, aD } ,,,, cr a, m o0 D a Uw z i �w w w- N 0 CL a - m�W \W \W� ��m I 'e d NLz of-z I za � CO CO) o p\O w0 w0� H w w U DU �U� z N� NN. NN. U �Q LLI Z> NJ = CLi W NQ NQ CL w C7 ddw cr U z LJi O O d H m m / CL a v O O N � \ N • C O I a • a . /' �' OM1 ��:+/ `�v�. / � a , lite • __ ' .. - ' . .. 4lI � h i i l id j Q s f ala a i I a : o o o m n Q) _ }O o � n W aN cc y c Z LLI 0 M S2 a a •m 1 � o Cc � o � / ®cocoLLI z z g� ..�� /•�\\\/ SOP Qpp��,, U N LLI j l w J i I z cr I. I O f- \•�' o w W N N W a a J O O c a u d n V V 1 ; � I I d'D a id -17 o O o m O M Z Q r N I] ® >O W n z O CD O 0 h W J VJ [ o U O Olt 2 ' N W 20 ZZZ g c f7 o a ■ < _� O d t1 al m N a a I W OmV o Z 3 Z o L W � U J � N Z - r = U N C W 2 v 3 O v O V U Q o W ry. I T / 7 I 'avay.cx�melyrc '—�-- I I Z I-- I a Texas Motor Speedway 5 4 35W % i Lij LJ EIazabetht1w / Cemetery 1 z SITE L I T 5 E Y rec`,Y' � \ 1 VICINITY MAP RECEIVED JC�\L_E ! /' = 2 , 000 C iTHhADWHCiT FARMS LHTSEY IRZOAD LOCAMD IN C HTY OF DORY WOR lI H9 TEXAS m DEVELOPED BY: a PREPARED BY: C3®®DWHN I M A SHALL i G Kimball Hill Homes CIVIL ENGINEERS-PLANNERS-SURVEYORS 2405 Mustang Drive,Grapevine,Texas 78051 DALLAS DIVISION Metro et 3010 LEJ FREEWAY, STE. 100 MARCH, ��jj 7ID �[]j m DALLAS, TEXAS 7.`234 g �®®� ;�: _� Phone (972 ) 481-2200 dVll�� - - w - o 0 o � N W � N 100 ss U) O w a t r Q N La I € v J M 11 U 14 Qt 1 w HIM avcA FIE (n ` -owy .r U� � • i ��P�� III �i,, ® - - - lu Az" IF r I • —-- ..— _ tip• � 1 v � { 4 1 a 0 City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 3/8/2005 DATE: Tuesday, March 08, 2005 LOG NAME: 20CHADWICK I&II REFERENCE NO.: C-20563 SUBJECT: Approval of Community Facilities Agreements with Kimball Hill Chadwick Farms, L.P., for the Installation of Community Facilities to Serve Chadwick Farms, Sections I and II RECOMMENDATION: It is recommended that the City Council authorize the City Manager to execute one Community Facilities Agreement (CFA) with Kimball Hill Chadwick Farms, L.P., for the installation of community facilities to serve Chadwick Farms, Section I and a separate CFA with the same developer for the installation of community facitilities to serve Chadwick Farms, Section II. DISCUSSION: Kimball Hill Chadwick Farms, L.P., the developer of Chadwick Farms, Sections I and II, has executed two proposed contracts for the installation, in two phases, of community facilities to serve a single family (783 lot) development located in north Fort Worth, bounded on the south by Litsey Road, (See Attachment). The proposed Community Facility Agreements for Sections I and II reflect the Annexation Service Agreement corresponding to Ordinance No. 14387, (attached), approved by City Council on November 14, 2000 (M&C PZ-2243). That service agreement specifies that the City will reimburse the developer for pavement oversizing of the north/south thoroughfare from Litsey Road to S.H. 114 and for construction of drainage facilities as required according to the "Installation Policy of Community Facilities" in effect in November 2000. The estimated costs of all community facilities for Chadwick Farms, Section I are as follows: Infrastructure Category Developer City Total Paving $1,203,120.33 $116,129.75 $1,319,250.08 Storm Drain $490,101.70 $0.00 $490,101.70 Street Lights $79,200.00 $0.00 $79,200.00 Street Name Signs $1,900.00 $0.00 $1,900.00 Inspection $67,385.74 $0.00 $67,385.74 Total $1,841,707.77 $116,129.75 $1,957,837.52 Execution of this CFA would entail the allocation of City funds in the amount of$116,129.75 from the 2004 Bond Program Standard CFA Obligation funds. This CFA includes $190,000 in developer funds for future drainage and paving improvements to Litsey Road, which is in agreement with the requirements of the Annexation ordinance. Logname: 20CHADWICK III Page I of 2 The estimated costs of all community facilities for Chadwick Farms, Section II are as follows: Infrastructure Category Developer CRY Total Paving $516,597.70 $107,973.00 $624,570.70 Storm Drain $115,095.20 $0.00 $115,095.20 Street Lights $33,500.00 $0.00 $33,500.00 Street Name Signs $300.00 $0.00 $300.00 Inspection $26,601.22 $0.00 $26,601.22 Total $692,094.12 $107,973.00 $800,067.12 Execution of this CFA would entail the allocation of City funds in the amount of$107,973.00 from the 2004 Bond Program Standard CFA Obligation funds. This development 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 Street Improvement Fund. TO Fund/Account/Centers FROM Fund/Account/Centers C202 541200 20 2 76 00208 83 $224,102.75 Submitted for City Manager's Office b . Marc Ott (6191) Originating Department Head: Robert Goode (7804) Additional Information Contact: Katherine Mehl (7918) Logname: 20CHADWICK III Page 2 of 2