HomeMy WebLinkAboutResolution 2758~ ~,.
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~~ A Resolution
NO ~.~
A RESOLUTION PROVIDING FOR CONSTRUCTION OF WATER AND
WASTEWATER (SEWER) LINES TO LOT 4 AND 5 BLOCK 7 OF CARTER
INDUSTRIAL PARK FOR THE CITY OF FORT WORTH, TEXAS AS A RESULT OF
DEFAULT BY UPS TRUCK LEASING INC
WHEREAS on September 18, 1999 the UPS Truck Leasing, Inc ("UPS')•executed an Informal
Developer Agreement with the City of Fort Worth to construct water and wastewater facilities
("Facilities") required to serve Elizabeth Teague Survey Abstract No 1544 Lots 4 and 5 Block 7
Carter Industrial Park; and
WHEREAS m accord with the development policies of the Crty of Fort Worth, UPS provided a
Developer Bond from Traveler's Casualty and Surety Company of America in the amount $104 000 to
secure rts obligations to construct the Facilities, and
WHEREAS, UPS has advised Crty staff that rt does not intend to construct the Facilities and has
further ignored a demand construct the Facilities as provided for m the Informal Developer Agreement.
,4 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS
The City Council finds that UPS has failed to construct the Facilities to serve Lots 4 and
~ Block 7 Carter Industrial Park, Fort Worth, Tarrant County Texas that rt is
contractually obligated to construct and authorizes City staff to make demand on the
Developer's Bond provided m order to pay for the Facilrties to be constructed.
APPROVED
CITY CC~UN f
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Adopted this 3L_ day of ___~ __ _ 2001 ~_ L ~1~~
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