HomeMy WebLinkAboutContract 35176STATE OF TEXAS § r�
CITY SECRETARY CONTRACT NO. � I I
COUNTY OF TEXAS §
WHEREAS, the City of Fort Worth ("City") has adopted its "Master Thoroughfare
Plan" (the "MTP") which describes the development of the City's roadway infrastructure;
and
WHEREAS, the MTP includes the development of Oak Knoll Drive from North for
a distance of approximately Three Hundred One (301) feet, (said roadways therewith
being referred to herein as the "Improvements"); and
WHEREAS, the City's Policy for Installation of Community Facilities requires
Owners of property abutting proposed city roadways to construct or, upon request of an
Owner, contribute a portion of the construction costs; and
WHEREAS, Oakview Partners, Ltd., a Texas Limited Partnership ("Owner"),
is the owner of 4600 Airport Freeway (the "Property"), a parcel of property consisting of
approximately 1.83 acres and bordering the Improvements; and
WHEREAS, Owner has requested that City rather than Owner construct the
Improvements and City has agreed, subject to the terms of this Agreement;
NOW THEREFORE, City and Owner, acting herein by and through their duly
authorized representatives, enter into the following agreement:
The City may construct (or cause to be constructed) the Improvements provided
public funds are available, abutting properties develop, or construction is found to be
necessary by the Director of Transportation and Public Works.
2.
Owner has paid to the City the sum of Eleven Thousand Two Hundred Ten
Dollars and 99 /100's ($11,210.99), such amount being hereinafter referred to as the
"Escrow", which Owner and City agree is the entire amount of Owner's contribution for
the cost to construct the Improvements. By providing the Escrow, Owner 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 is equal to or greater than
the amount of the Escrow, and
Oak Knoll Drive Future Improvements
January 25, 2007
Page I of 4
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(c) to waive the rights granted to Owner in Chapter 313 of the Texas
Transportation Code to contest or appeal the assessment.
By accepting the Escrow and by execution of this contract, City agrees that the
Owner and any successor owner of all or part of the Property 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, even if (a) the actual costs to construct
the Improvements exceed the costs expected by the City as of the date of this contract,
(b) the specifications, composition, or other characteristics of the Improvements
hereafter change for any reason, (c) a mistake has been made (mutual or unilateral) in
computing the costs of the Improvements or otherwise, or (d) the costs or scope of the
Improvements change for any reason.
3.
Owner 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).
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This agreement shall be binding upon and inure to the benefit of the City and
Owner and their respective successors and assigns.
5.
Owner is in the process of developing the Property. Owner has deposited the
Escrow with the City for the future Improvements, such Improvements being
necessitated in part by the additional demands that the development of the Property will
be placing upon Oak Knoll Drive and being roughly proportionate to the impact of the
proposed development along said roadways, and fairly represents the Owner's
proportional share of the cost of the improvements to Oak Knoll Drive.
Should any claim be raised by Owner or Owner's successors-in-interest or
assigns that the Escrow provided for herein is not proportional to the impacts of the
development pursuant to Tex. Loc. Gov't Code sec. 212.904, successor-statute or any
constitutional provision, Owner expressly agrees that the City Council and any
reviewing court may rely upon the statements in this Agreement in considering relief
under such claim. Owner further waives any claim that Owner's contribution in Escrow
provided by this Agreement constitutes an unauthorized impact fee pursuant to Tex.
Loc. Gov't Code chapter 395.
,
Executed on this �� day of l_X_, , 2007.
Oak Knoll Drive Future Improvements
January 25, 2007
Page 2 of 4
ATTEST:
CITY OF FORT WORTH
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B y
Marty Hen ix
City Secretary �� ��� ��������
APPROVED AS TO FORM
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Nlarc A. Ott
Assistant City Manager
OWNER:
Oakview Partners, Ltd.
By: Yeargain Companies, Inc.,
General Partner
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By: ` ' � - __ __ �-,,.
Charles V1%:'-Yeargain, resident
TRANSPORTATION AND PUBLIC WORKS
DEPARTMENT
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gy. ���%
Robert Goode, P.E.
Director
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Oak Knoll Drive Future Improvements
Janua�y 25, 2007
Page 3 of 4
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STATE OF TEXAS §
COUNTY OF TARRANT §
BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, on
this day personally appeared Marc A. Ott, assistant city manager for the City of Fort Worth, known
to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to
me that the same was the act of the City of Fort Worth and that he executed the same as the act of
said City of Fort Worth for the purposes and consideration therein expressed and in the capacity
therein stated.
GIVEN UNDER MY HAND AND SEAL OF OFFICE this �� day
of � '�, ' ', , 2007.
�t%/.11�.-�'C.� {�7ifi L�G-L�''��
;�iti�`Y P�;; ROSEUA BARNES Notary Public, State of Texas
'*i'�{ ''= MY COMMISSION EXPIflES
� �+.= Marc;h 31, 2009
'��%��Y;� •
My Commission expires:
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STATE OF TEXAS
COUNTY OF TARRANT
BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, on
this day personally appeared Charles W. Yeargain, known to me to be the persons whose name is
subscribed to the foregoing instrument, and acknowledged to that he executed the same for the
purposes and consideration therein expressed.
GIVEN UNDER MY HAND AND SEAL OF OFFICE this �%�' day
of G�Xu.�,O�' , 2007.
„�Y�p,,,,, S�JSAN
`=tP^ �m�-,, M. KIRBY Notary Public, Stat of Texas
:*. �= Notary Publlc
3 ��� STATE OF TEXAS
��'"��P��� My Comm, Exp, May 30, 2010 My CJ�ommission expires:
✓ `�C� �
Oak Knoll Drive Future Improvements
January 25, 2007
Page 4 of 4
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