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HomeMy WebLinkAboutContract 49837 CITY SECRETARW-4 1 3 / CONTRACT NO. II I MANAGEMENT AND IMPROVEMENT SERVICES AGREEMENT City of Fort Worth Improvement District 15 (Sun Valley) This MANAGEMENT AND IMPROVEMENT SERVICES AGREEMENT ("Agreement") is made and entered into by and between the CITY OF FORT WORTH (the "City"), a home rule municipal corporation organized under the laws of the State of Texas,acting by and through its duly authorized Assistant City Manager,and ORASI DEVELOPMENT,LLC, a Texas limited liability company("Contractor"), acting by and through Jack Thompson, its duly authorized President. RECITALS The following statements are true and correct and constitute the basis upon which the City and Contractor have entered into this Agreement: WHEREAS, Pursuant to Chapter 327 of the Texas Local Government Code on August 21, 2012, the City Council of the City of Fort Worth adopted Resolution No. 4120-08- 2012 establishing the City of Fort Worth Public Improvement District No. 15 (the"District");and WHEREAS,the City is authorized to utilize the District to undertake improvements and/or services that confer special benefits on the part of the City within the District; and WHEREAS, the City Council is authorized to levy and collect special assessments on property in the District, based on the special services conferred by the improvements and services, to pay the cost of such improvement and services; and WHEREAS, the City desires to enter into written agreement with the Contractor for provision of certain improvement and services in the District, as more specifically set forth in this Agreement; and WHEREAS, such improvements and services constitute a supplement to standard City services and an added increment of service to provide other special benefits and services which will enhance the vitality and quality of the District; and WHEREAS, Contractor wishes to assist the City by providing, furnishing, managing, or performing such improvement and services; NOW,THEREFORE,for and in consideration of the mutual covenants,promises and agreements contained herein the City and Contractor do hereby covenant and agree as follows: P� 1 2 34 t } E OFFICIAL RECORD V, C,� G M CP o s:! m CITY SECRETARY 1" m o rQ m o C Ln FT. WORTH, TX Page 1 <P < o Q ti Management and Improvement Services Agreement with Orasi Development LLC.for PID 15(Sun Valley) .9 AGREEMENT 1. ENGAGEMENT OF CONTRACTOR. The City herby engages the Contractor, and the Contractor hereby agrees to provide, furnish,manage or perform in accordance with this Agreement the improvements and services set forth in Section 2. 2. IMPROVEMENTS AND SERVICES FOR THE DISTRICT. 2.1. Scope of Contractor's Duties. Contractor shall provide or cause to be provided those improvements and services (the "Improvements and Services") set forth in and subject to the Budget and Service Plan for the District approved by the City Council for the fiscal year covered by this Agreement (the "Budget and Service Plan") (which is attached hereto as "Exhibit A" and hereby made part of this Agreement for all purposes), as may subsequently be amended,and the ordinance adopted by the City Council levying assessments on properties in the District for such Improvements and Services(which ordinance is a public document on file in the City Secretary's Office and is hereby incorporated for all purposes). Contractor shall comply with all the following related duties and responsibilities: (a) Oversee the bidding and awarding of any third party contracts for the above- references Improvements and Services in accordance with the Policy and Guidelines for Public Improvement Districts adopted by the City Council pursuant to Resolution No. 3711-02-2009 (the "PID Policy"), a copy of which Contractor hereby certifies it has received and which is incorporated herein by reference for all purposes; (b) Monitor work performed by any subcontractor for any of the above- referenced Improvements and Services to ascertain that all such work is performed completely, professionally, and with the appropriate level of quality and to make whatever changes are necessary to achieve these objectives; (c) Obtain, maintain and pay for insurance necessitated by the above- referenced Improvements and Services, as may be directed or reviewed by the City's Risk Manager; (d) In accordance with Section 372.013 of the Texas Local Government Code and the PID Policy, prepare a Budget and Service Plan for the first five (5) years following the fiscal year covered by this Agreement,to be adopted by the advisory body for the District or other entity designated by the City and approved by the City Council; Page 2 Management and Improvement Services Agreement with Orasi Development LLC.for PID 15(Sun Valley) (e) Maintain a full and accurate accounting of disbursements for reimbursing from District Revenues and all other financial reporting requirements set forth in the PID Policy, including, but not limited to, maintaining and providing original receipts for services performed under the Budget and Service Plan; (f) Comply with all other duties and responsibilities set forth in the guidelines of the PID Policy; and (g) Coordinate with the Administrator (as hereinafter defined) to receive advance written approval by the Director of the City's Park and Recreation Department or his/her designee prior to any authorized construction or maintenance of capital improvements in any dedicated City park; and (h) Comply with all duties and responsibilities set forth in Exhibit `B", attached hereto and hereby made a part of this Agreement for all purpose. 2.2. Contractor Compensation. As full compensation for the provision of all Improvements and Services during the Term of this Agreement, the City shall pay Contractor the sum of $10,200.00, which amount is reflected in the Budget and Service Plan as "Management Fee," which amount shall be paid in prorated installments in accordance with Section 6 hereof. 2.3. Standard of Care; Nature of Relationship. Contractor shall commence, carry on, and provide the Improvements and Services with all practicable dispatch, in sound, economical, and efficient manner, in accordance with this Agreement and its attachments and all applicable laws. Contractor shall ensure that any work on the Improvements and Services is properly coordinated with related work being performed by the City. Contractor represents that it has, or will secure at its own expense,all materials,supplies,machinery,equipment,accessories,and services necessary to provide the Improvements and Services. Unless otherwise specifically provided herein, all of the Improvements and Services will be performed by the contractor or under the Contractor's supervision. All personnel engaged by the Contractor shall be fully qualified to perform those Improvements and Services Delegated to them. 2.4. Security Personnel. In the event Contractor employs security personnel as a part of providing Improvements and Services under the Agreement, Contractor hereby assumes sole responsibility for any and all acts or omissions of security personnel in the performance of their responsibilities hereunder. Security personnel shall include, but not be limited to,any employee, agent, representative, security officer, or off-duty Fort Worth Police officer hired by the Contractor to provide Security Services within the District."Security Services" shall not include running radar on drivers, writing parking citations, investigating crimes, Page 3 Management and Improvement Services Agreement with Orasi Development LLC.for PID 15(Sun Valley) or other job functions normally performed by on-duty police officers. Contractor shall bear sole responsibility, if any, for reporting its payment for each security personnel's services as taxable income to the Internal Revenue Service. If Contractor employs off-duty Fort Worth police officers to provide Security Services,the parties understand, acknowledge, and agree that, while performing Security Services for the Contractor under this Agreement, the off-duty officers are not considered employees of the City of Fort Worth, except as provided herein. Contractor shall direct residents to call 911 in the case of an emergency. Off-duty Fort Worth police officers working for the Contractor shall not answer calls for police service from Police Department dispatchers except in the event of a life-threatening emergency, in which case the off-duty officer would then be considered"on-duty"and working as an employee of the City of Fort Worth. If the off-duty officer becomes aware of a situation that warrants immediate police action within the District,he or she can take police action while also advising on-duty officers of the situation. Responsibility for the incident will be transferred to an on-duty officer as soon as one reaches the scene. 3. CITY'S DUTIES AND RESPONSIBILITIES. The City shall provide the following services in connection with operation of the District and the Contractor's performance under this Agreement: (a) Levying and collecting assessments and recording the same in a separate revenue account; (b) Making payments to Contractor from special assessment revenues and other District revenues; (c) Maintaining the same level of services in the District as that which the City provides in comparable areas of the City; (d) Maintaining complete and detailed records concerning any expenditure of special assessment revenues and other District revenues, which are made through City departments,boards or agencies; (e) Retaining and expending revenues from special assessments,penalties, interest and investment income thereon solely in the District; (f) Preparing an annual report of delinquent property assessments and liens thereon to be assigned to the City's delinquent tax collection attorney; (g) Making regular reports concerning delinquent assessments and making billing there as necessary; and (h) Producing an annual assessment roll of property owners and property within the District. Page 4 Management and Improvement Services Agreement with Orasi Development LLC.for PID 15(Sun Valley) The City shall have no financial obligation to the District other than levying and collecting the assessments levied by the District, except as provided in Section 3(c) above, and,pursuant to and in accordance with this Agreement, paying for Improvements and Services the Contractor performs in the District. 4. ADMENDMENTS. This Agreement may not be amended unless executed in writing by both parties. 5. TERM This agreement shall commence October 1, 2017 (the "Effective Date") and, unless terminated earlier in accordance with this Agreement, expire September 30, 2018 (the"Term"). 6. RELEASE OF FUNDS TO CONTRACTOR. 6.1. Procedure. Periodically,but not more frequently than once per month,Contractor shall present to the individual or individuals designated by the City to oversee and administer the District (the"Administrator") a report of the Improvements and Services provided by Contractor since (i) for the first report under this Agreement, the Effective Date and (ii) for all subsequent reports, the date of the previous report. All such reports must include documentation sufficient demonstrating to the Administrator that any sums paid or incurred by Contractor have been paid or are due. Provided that all such necessary reports and supporting documentation have been provided to the Administrator, the City shall pay the Contractor for all lawful expenses made or incurred by Contractor within fifteen (15) business days of receipt of all such reports and supporting documentation. Notwithstanding anything to the contrary herein, the City shall not be required to pay Contractor any amount that exceeds the then-current balance of District revenues or that is not in accordance with the Budget and Service Plan for the then-current fiscal year. The Contractor shall be required to pay or to reimburse the City for any unauthorized expenses incurred that are not in accordance with the Budget and Service Plan for the then-current fiscal year, unless otherwise approved by the Administrator. The City may withhold management fee payments due to the Contractor until such unauthorized expenses are reimbursed. The Contractor shall be responsible for all Internal Revenue Service reporting and administration requirements associated with paying vendors for services provided under the Budget and Service Plan. 6.2. Work Reports. Contractor shall also submit a periodic work report, no less than quarterly, to the Administrator. This work report shall detail all of the Contractor's significant work activities in the District. The format of the report shall be mutually agreed upon by the Page 5 Management and Improvement Services Agreement with Orasi Development LLC.for PID 15(Sun Valley) Contractor and the Administrator. Notwithstanding anything to the contrary herein, payments to Contractor may be withheld if any such report is not received. The Administrator shall have the right to verify that the report is complete and accurate. 6.3. Insufficient District Funds. In the event that District revenues are not available or are insufficient for the City to make any payment to Contractor hereunder, the City will promptly notify Contractor. At Contractor's request,the City and the Contractor shall meet and attempt to negotiate an amendment to this Agreement so that the scope of Improvements and Services may be reduced to correspond to the amount of District funds that are available or are anticipated to become available. If such an amendment cannot be successfully negotiated, Contractor shall have the right to pay the deficit (on a non-reimbursable basis), in which case this Agreement shall continue in effect. If such an amendment cannot be successfully negotiated and Contractor does not elect to fund the deficit,either party may terminate this Agreement upon thirty (30)days' advance written notice to the other party. 7. DISCRIMINATION PROHIBITED. Contractor, in the execution, performance, or attempted performance of this Agreement, will not discriminate against any person or persons because of sex, race, religion, color, national origin, sexual orientation or familial status, nor will the Contractor permit its officers, agents, employees or subcontractors to engage in such discrimination. This Agreement is made and entered into with reference specifically to the ordinances codified at Chapter 17, Article III, Division 3 (Employment Practices) of the Code of the City of Fort Worth, and Contractor hereby covenants and agrees that Contractor,its officers,agents,employees and subcontractors,have fully complied with all provisions of same and that no employee or applicant for employment has been discriminated against under the terms of such ordinances by either Contractor, its officers, agents, employees or subcontractors. 8. BUSINESS DIVERSITY ENTERPRISE ORDINANCE In accordance with City of Fort Worth Ordinance No.20020-12-2011,effective June 1,2012, the City has established goals for the participation of Minority Business Enterprises ("MBEs") and Small Business Enterprises("SBEs") in City contracts. Contractor shall comply, and require that its subcontractors comply, with the terms of this ordinance and any amendments thereto. Failure by the Contractor to comply, or to require its subcontractors to comply, with such ordinance shall constitute a breach of this Agreement and be grounds for termination of this Agreement by the City. 9. CONTRACTOR LIABILITY. Contractor hereby assumes full liability for any damages to any public or private property due to the negligence of Contractor, its subcontractors, agents,permitees or assigns. 10. LIABILITY OF CITY; PERSONAL LIABILITY OF PUBLIC OFFICIALS. Page 6 Management and Improvement Services Agreement with Orasi Development LLC.for PID 15(Sun Valley) No employee of the City, nor any other agent or representative of the City, shall be personally liable for any damages caused by Contractor, its officers, agents, servants, representatives, employees, contractors and subcontractors or any other liabilities of Contractor under this Agreement or otherwise related to this Agreement. It is further expressly agreed that the City shall not be liable or responsible for any damages caused by Contractor, its officers, agents,representatives, servants,employees,contractors and subcontractors or any other liabilities of Contractor under this Agreement or otherwise related to this Agreement, nor shall the City be liable or responsible to Contractor or any other person for or on account of any stoppage or delay in the work herein provided for by injunction or other legal or equitable proceedings, or from or by or on account of any delay for any cause over which the City has no control. 11. INDEMNIFICATION. CONTRACTOR COVENANTS AND AGREES TO, AND DOES HEREBY, INDEMNIFY AND HOLD HARMLESS AND DEFEND THE CITY, ITS OFFICERS, AGENTS, REPRESENTATIVES, AND EMPLOYEES, FROM AND AGAINST ANY AND ALL SUITS OR CLAIMS FOR DAMAGES OR INJURIES, INCLUDING, BUT NOT LIMITED TO, DEATH, TO ANYAND ALL PERSONS OR PROPERTY, WHETHER REAL OR ASSERTED,ARISING OUT OF OR IN CONNECTION WITHANYACT OR OMISSION ON THE PART OF THE CONTRACTOR, ITS OFFICERS, AGENTS, SERVANTS, REPRESENTATIVES, EMPLOYEES OR SUBCONTRACTORS,AND THE CONTRACTOR DOES HEREBY ASSUME ALL LIABILITY AND RESPONSIBILITY FOR INJURIES, CLAIMS OR SUITS FOR THE DAMAGES TO PERSONS OR PROPERTY, OF WHATSOEVER KIND OR CHARACTER, WHETHER REAL OR ASSERTED, OCCURRING DURING OR ARISING OUT OF THE PERFORMANCE OF THIS CONTRACT AS A RESULT OF ANY ACT OR OMISSION ON THE PART OF THE CONTRACTOR, ITS OFFICERS, AGENTS, SERVANTS, EMPLOYEES, REPRESENTATIVES, OR SUBCONTRACTORS. SUCH INDEMNIFICATION SHALL INCLUDE WORKERS' COMPENSATION CLAIMS OF OR BY ANYONE WHOMSOEVER IN ANY WAY RESULTING FROM OR ARISING OUT OF CONTRACTOR'S WORK, SERVICES AND OPERATIONS IN CONNECTION HEREWITH, INCLUDING, BUT NOT LIMITED TO, OPERATIONS OF SUBCONTRACTORS. CONTRACTOR SHALL LIKEWISE INDEMNIFY AND HOLD HARMLESS THE CITY FOR ANYAND ALL INJURY OR DAMAGE TO CITYPROPERTYARISING OUT OF OR IN CONNECTION WITH ANYAND ALL ACTS OR OMISSIONS OF CONTRACTOR, ITS OFFICERS, AGENTS, EMPLOYEES, REPRESENTATIVES, CONTRACTORS, SUBCONTRACTORS, LICENSEES OR INVITEES. Insurance coverage specified herein constitutes the minimum requirements and such requirements shall in no way lessen or limit the liability of Contractor under the terms of this Agreement. 12. INDEPENDENT CONTRACTOR. Page 7 Management and Improvement Services Agreement with Orasi Development LLC.for PID I5(Sun Valley) It is expressly understood and agreed that Contractor shall perform all work and services described herein as an independent contractor and not as an officer, agent, servant or employee of the City; that Contractor shall have exclusive control of the details of the services and work performed hereunder, and all persons performing the same; and shall be solely responsible for the negligent acts and negligent omissions of its officers, agents, employees, contractors and subcontractors; that the doctrine of respondeat superior shall not apply as between City and Contractor,its officers,agents,employees,contractors and subcontractors;and that nothing herein shall be construed as creating a partnership or joint enterprise between City and Contractor. No person performing any of the work and services described hereunder shall be considered an officer, agent, servant or employee of the City. 13. INSURANCE. Contractor shall not commence work under this Agreement until it has obtained and received approval from the City of all insurance coverage required hereunder. Contractor shall be responsible for delivering to the Administrator a certificate or certificates of insurance demonstrating that Contractor has obtained the coverage required under this Agreement, that all insurance policies provided pursuant to this Agreement are endorsed to name the City as an additional insured, and that all such insurance policies cover not only Contractor, but also Contractor's contractors and subcontractors. The minimum insurance required of Contractor is as follows: WORKER'S COMPENSATION INSURANCE: Contractor shall maintain throughout the Term of this Agreement statutory Worker's Compensation Insurance on all of its employees to be engaged in undertaking any Improvements or Services hereunder. In case any class of employees engaged in hazardous work under this Agreement is not protected under the state's Worker's Compensation statutes, Contractor shall provide adequate employer's general liability insurance for the protection of such employees not so protected. COMPREHENSIVE GENERAL LIABILITY INSURANCE: Contractor shall maintain throughout the Term of this Agreement a commercial general liability insurance policy in an amount of not less than$1,000,000 covering each occurrence with an aggregate limit of not less than $2,000,000. AUTOMOBILE INSURANCE - BODILY INJURY AND PROPERTY DAMAGE: Contractor shall maintain throughout the Term of this Agreement comprehensive automobile liability coverage in an amount not less than$1,000,000 for each accident. This policy shall cover any automobile used in the provision of Improvements and Services under this Agreement. The insurance company with whom Contractor's insurance is written shall be represented by an agent or agents having an office located within the Dallas-Fort Worth metropolitan area. Each such agent shall be duly qualified,upon whom service of process may be had, and must have authority and power to act on behalf of the insurance company to negotiate and settle with the City, or any other claimant, any claims that the City, or any other claimant, or any property owner who Page 8 Management and Improvement Services Agreement with Orasi Development LLC.for PID 15(Sun Valley) has been damaged may have against the Contractor or insurance company. The name of the agent or agents shall be set forth on all certificates of insurance. All policies must provide that they may not be changed or canceled by the insurer in less than five (5) days after the City had received written notice of such change or cancellation. Such insurance amounts may be revised upward at City's request, and Contractor shall revise such amounts within thirty (30) days after receipt of such request. 14. TAXES. Contractor shall pay all federal, state and local taxes that may be chargeable on any Improvements and Services provided hereunder or otherwise in relation to Contractor's duties and obligations hereunder. 15. PERMITS. Contractor shall and shall cause any of its contractors and subcontractors to obtain and pay for any necessary permits and licenses, whether issued by the state, county or City, before proceeding with any work hereunder that requires any such permits. 16. CHARACTER OF WORK AND OPERATIONS. Contractor and Contractor's employees, contractors and subcontractors shall be competent and careful workmen skilled in their respective trades. Contractor shall not employ any person who repeatedly engages in misconduct or is incompetent or negligent in the due and proper performance of his duties or has been convicted of any crime of moral turpitude. The City shall retain the right to require the Contractor to remove any employee who is guilty of misconduct toward the public or is in any way discourteous to the public. This work is being performed for the public benefit and it is necessary that it be performed in an acceptable manner and at a satisfactory rate of progress. Contractor shall at all times maintain its equipment in a clean, serviceable condition. All equipment shall be properly licensed and inspected and clearly marked with the Contractor's name and telephone number. 17. ASSIGNMENT AND SUBCONTRACTING. Contractor shall have the right to subcontract for the provision of any Improvements and Services authorized hereunder so long as the subcontract is in writing. Contractor shall provide the Administrator with a final executed copy of all subcontracts. The existence of a subcontract shall not relieve Contractor of any responsibility or liability to the City under this Agreement. Otherwise, Contractor may not assign, transfer or convey any of its duties and responsibilities under this Agreement to another party without the advance written approval of the City and execution by such party of a written agreement with the City under which such party agrees to be bound by the duties and obligations of Contractor under this Agreement. 18. DEFAULT. Page 9 Management and Improvement Services Agreement with Orasi Development LLC.for PID 15(Sun Valley) All terms, conditions and provisions of this Agreement shall be considered material, and Contractor's failure to perform any part of this Agreement shall constitute an event of default hereunder. Should the Contractor fail to fully cure any default hereunder within fourteen (14) calendar days after receipt from the City of written notice of the default (or, provided that Contractor has diligently commenced and continuously attempted cure within such time, such additional time as may be reasonably necessary to fully cure the default),the City may,at its option and in addition to any other remedies available to it under law or in equity, terminate this Agreement by providing written notice to Contractor. Notwithstanding the foregoing, City may terminate this Agreement for any reason upon thirty (30) calendar days' prior written notice to Contractor. In the event of any termination, any work in progress will continue to completion unless specified otherwise in the City's termination notice. The City shall pay for any such work in progress that is completed by Contractor and accepted by the City. 19. COOPERATION WITH CITY. Contractor shall, at such time and in such form as City may require, furnish periodic information concerning the status of the project and such other statements, certificates and approvals relative to the project as may be requested by the City. Contractor shall meet with the Administrator or other City officials as may be requested to discuss any aspect of this Agreement. 20. BOOKS AND RECORDS; AUDITING RIGHTS. Contractor shall maintain complete and accurate records with respect to all expenditures and costs incurred for all Improvements and Services provided hereunder. All such records shall be maintained on a generally accepted accounting basis and shall be clearly identified and readily accessible to the City. Contractor shall provide representatives of City or its appointees free access to such books and records, at all proper times, in order that they may examine and audit the same and make copies thereof. Contractor shall further allow the City and its representatives to make inspections of all work data, documents, proceedings and activities related to this Agreement. Such right of access and audit shall continue for a period of three (3) years from the date of final payment under this Agreement. The City shall also have the right to conduct a performance audit and evaluation of Contractor at such times as the City deems necessary. Contractor shall fully cooperate with any such performance audit. The City may employ consultants at the City's expense to assist City in such performance audit. Contractor agrees to give the City and its consultants access to all reports, data, schedules and other relevant information which may be required to conduct such performance audit. 21. NOTICES. Any notices, bills, invoices or reports required by this Agreement shall be conclusively determined to have been delivered three (3) business days after deposit in the United States mail, in a sealed envelope with sufficient postage attached, to the addresses listed below or such other addresses as may from time to time be provided to the other party: City: Contractor: Page 10 Management and Improvement Services Agreement with Orasi Development LLC.for PID 15(Sun Valley) City of Fort Worth Orasi Development, LLC Attn: PID Administrator Attn: Jack Thompson, President Financial Management Service Dept. P.O. Box 12063 200 Texas Street Fort Worth, TX 76110 Fort Worth, Texas 76102-6311 Copy to: City Attorney, at the same address 22. COMPLL4kNCE WITH LAWS, ORDINANCES,RULES AND REGULATIONS. This Agreement will be subject to all applicable federal, state and local laws, ordinances, rules and regulations, including, but not limited to, all provisions of the City's Charter and ordinances, as amended. 23. GOVERNMENTAL POWERS. It is understood that by execution of this Agreement, the City does not waive or surrender any of it governmental powers or immunities. 24. NO WAIVER. The failure of either party to insist upon the performance of any term or provision of this Agreement or to exercise any right granted hereunder shall not constitute a waiver of that party's right to insist upon appropriate performance or to assert any such right on any future occasion. 25. VENUE AND CHOICE OF LAW. If any action, whether real or asserted, at law or in equity, arises on the basis of any provision of this Agreement, venue for such action shall lie in state courts located in Tarrant County, Texas or the United States District Court for the Northern District of Texas—Fort Worth Division. This Agreement shall be construed in accordance with the laws of the State of Texas. 26. NO THIRD PARTY RIGHTS. The provisions and conditions of this Agreement are solely for the benefit of the City and Contractor and are not intended to create any rights,contractual or otherwise,to any other person or entity. 27. INTERPRETATION. In the event of any dispute over the meaning or application of any provision of this Agreement, this Agreement shall be interpreted fairly and reasonably, and neither more strongly for or against any party, regardless of the actual drafter of this Agreement. Page I I Management and Improvement Services Agreement with Orasi Development LLC.for PID 15(Sun Valley) 28. CAPTIONS. Captions and headings used in this Agreement are for reference purposes only and shall not be deemed a part of this Agreement. 29. ENTIRETY OF AGREEMENT. This Agreement, including any exhibits attached hereto and any documents incorporated herein by reference, contains the entire understanding and agreement between the City and Contractor as to the matters contained herein. Any prior or contemporaneous oral or written agreement is hereby declared null and void to the extent in conflict with any provision of this Agreement. 30. COUNTERPARTS. This Agreement may be executed in multiple counterparts, each of which shall be considered an original, but all of which shall constitute one instrument. 31. PROHIBITION AGAINST BOYCOTTING ISRAEL. Contractor acknowledges that in accordance with Chapter 2270 of the Texas Government Code, the City is prohibited from entering into a contract with a company for goods or services unless the contract contains a written verification from the company that it: (1) does not boycott Israel; and (2) will not boycott Israel during the term of the contract. The terms "boycott Israel" and "company" shall have the meanings ascribed to those terms in Section 808.001 of the Texas Government Code. By signing this contract, Contractor certifies that Contractor's signature provides written verification to the City that Contractor: (1) does not boycott Israel,and(2) will not boycott Israel during the term of the Agreement. EXECUTED as of the last date indicated below: CITY OF FORT WORTH: ORASI DEVELOPMENT, LLC; a Texas limited liability company: By:! By: nAll us Alanis Jac' omp o Assstant City Manager President Date: a- -, m 1:72 Date: .-to/f / 11 Page 12 OFFICIAL RECORD Management and Improvement Services Agreement with Orasi Development LLC.for PID 15(Sun Valley) CITY SECRETARY FT.WORTH,TX , ATTEST: ATTEST: By: �RrBy: Mfiry J. K"IV Name: City Secretary/ Title: APPROVAL RECOMMEN XAS By: Aaron Bo os Chief Financial Services Officer APPROVED AS TO FORM AND LEGALITY: B(—T Tyler Zer F ;I a7c h2 ,ViAllach/ Assistant City Attorney M&C: BH-371 9-12-2017 Form 1295: 2017-254681 Contract Compliance Manager: By signing, I acknowledge that I am the person responsible for the monitoring and administration of this contract, including ensuring all performance and reporting requirements. Name of Employee Title OFFICIAL RECORD 0 CITY Page 13 CITY SECRETARY Management and Improvement Services Agreement T .WO T I TX with Orasi Development LLC.for PID 15(Sun Valley) FT.WORTHv TX EXHIBITS "A"—Budget and Service Plan for the District "B"—Additional Services to be Provided by Contractor Page 14 Management and Improvement Services Agreement with Orasi Development LLC.for PID 15(Sun Valley) Exhibit"A" City of Fort Worth Five Year Service Plan Public Improvement District No. 15 -Sun Valley FYI 7/18 FYI 8/19 FY19/20 FY20/21 FY21/22 REVENUES PID Assessments $87,615 $89,367 $91,155 $92,978 $94,837 Budget Revenues $87,615 $89,367 $91,155 $92,978 $94,837 Use of Fund Balance $ 21,685 $ 8,733 $ 7,645 $ 7,222 $ 5,663 Total Revenues $109,300 $98,100 $98,800 $100,200 $100,500 EXPENSES Management Fee 10,200 10,200 10,200 10,200 10,200 Security Enhancements 71,000 73,000 73,000 75,000 75,000 Equipment Rental 8,500 8,500 8,500 8,500 8,500 Lighting/Signage 10,000 Insurance 500 500 500 600 600 Professional Services 3,600 3,600 3,600 3,600 3,600 Website 1,000 300 1,000 300 600 Printing 2,500 City Administration Fee 2,000 2,000 2,000 2,000 2,000 Budget Expenses 109,300 98,100 98,800 100,200 100,500 Contribution to Fund Balance Total Expenses $109,300 $98,100 $98,800 $100,200 $100,500 Page 15 Management and Improvement Services Agreement with Orasi Development LLC.for PID 15(Sun Valley) Exhibit"B" Additional Services to be Provided by Contractor (a) Contractor shall assign one of its employees to manage the District and, unless otherwise agreed by the City in writing, Contractor agrees that the management of the District shall be the sole activity for the assigned employee and such employee shall not manage any other properties for Contractor; (b) Participate in meetings of City of Fort Worth departments of Performance and Budget, Financial Management Services, Park and Recreation, Transportation and Public Works, and Internal Audit to coordinate District activities; (c) Participate in all meetings of the District advisory body or other entity selected by the City for assistance in the preparation of the Budget and Service Plan for the District, and update members of any such entity as to authorized District projects and other pertinent matters. At the request of the District advisory body or other entity selected by the City,arrange for guest presenters to attend meetings; (d) Establish means of communication for citizen input to report problems and make suggestions to the District. Coordinate responses to citizen input with the District advisory body or other entity selected by the City; (e) Maintain a full and accurate accounting of disbursements for reimbursement from District revenues, providing the District advisory body or other entity selected by the City with a monthly accounting statement; (f) Monitor recurring expenses and perform comparative analysis to identify emerging trends and real or potential problems.Notify the District advisory body or other entity selected by the City of trends and unusual or excessive expenses; (g) Maintain complete set of historical records of all District activity to include District charter, minutes of meetings, and agreements/contracts with other entities, grant applications, etc. from the beginning of District to present; and (h) Work with all District committees to coordinate and handle all details associated with public events that are sponsored by District. The Contractor shall commence, carry on, and provide such improvements and/or services with all practicable dispatch, in a sound, economical, and efficient manner, in accordance with this contract and its attachments and all applicable laws. Page 16 Management and Improvement Services Agreement with Orasi Development LLC.for PID 15(Sun Valley)