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Home My WebLink AboutContract 35451STATE OF TEXAS COUNTY OF TEXAS § r__ CITY SECRETARY CONTRACT NO. �' § 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 Sandy Lane from North (direction) for a distance of approximately One Hundred Five point Forty Two (105.42) feet, (said roadways 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 contribute a portion of the construction costs; and WHEREAS, Real Estate Solutions, Inc.(name of developer), a Texas Corporation, is the owner of Drauqhon Heiqhts ,a parcel of property consisting of approximately 1.943 acres and bordering the Improvements; NOW THEREFORE, City and Owner, acting herein by and through their duly authorized representatives, enter into the following agreement: 1. 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 Six Hundred Seventv Nine Dollars and 0/100's ($11,679.00), 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 Draughon Heights Future Improvements 08 02 06 Page 1 of 4 �`.'r'' ��'r J`�� I:�=': � h: �'S� V V.��'� i 4' ,� � V'�� ir� �� if�;? �l ;Z� , �: �, r �v ir; '�,� .. ... . , i �G�.. (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). 4. 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 Sandv Lane 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 Sandy Lane. Owner waives any right to claim or assert that the Escrow is not roughly proportionate to the impact of the proposed development, or does not fairly represent the Owner's proportional share of the cost of the Improvements as a result of the additional demand created by to thee development of the Property. (REMAINDER OF PAGE INTENTIONALLY LEFT BLANK) Draughon Heights Puture Improvements OS 02 06 Page 2 of4 Executed on this � day of �.YVL , 200U�� ATTEST: � �� ' � ,l y � -��- ��+'�„��-- Marty Hendrix � City Secretary -`�i-`�-�_�-�'=T-�":� �� z�� _e��„��,-_z s� APPROVED AS TO FORM CITY OF FORT WORTH , : ��Li�� .1c:,.,,' � � , , � � � � • J , � ..- OWNER: ��cn/ �5/w!� �?c�%��i0✓►S� rrlC-. L�'f= Mo d a b� P�-� By. 1 . Title: �(CS, ��+ � TRANSPORTATION AND PUBLIC WORKS DEPARTMENT By: � Robert oo e, P.E. Director Draughon Heights Fnture Improvements 08 02 06 Page 3 of4 t - �' � ,'.; �5;5' .:,_Sv�'�: �:J �f �r„1 G? p� �� 61U(t� ,U 1�( ^ y7 IS ,� f V J U u� ��S h�e ��.6�. 5 '�'%^�,'� i iJ�� .�[r'„ 1,yv�jj lf �r ;,( + � :U�t� I;;SG�Sc _�,--,_ STATE OF TEXAS COUNTY OF TARRANT BEFORE IVIE, the und is' ne al�tl rit a No a� �� in and for the State of Texas, on this day peisonally appeared , assis ant ci i Z�i ager �o� the City of Fort Worth, lalown to ine to be the person whose name is subscribed to the foi•egoing ulst�ument, and aclalowledged to me tllat the saine 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 puiposes and considei•ation therelll expressed and in the capacity therein stated. GIVEN LJNDER MY HAND AND SEAL of �i�- ;�UC' , 268r. � ,.. , _ < .;.ar.�, �I; �� ° FI C� 7� � s�;j`� � ? �E � ;;�vi�cXl'If�E:, ;> �„;?:' . __ ;t;�Y''�'. ;_'J07 � -� -; : � : ; ;,� �-:,�;� ' �� STATE OF TEXAS COUNTY OF TARRANT � ,�,v'-�f' OF OFFICE this ` day _ ��,ce-- Notary Public, State of Texas My Commission expires: � �- �� --�� z BEFORE ME, the undei�si ned authority, a N tary Public in and for the State of Teaas, on this day personally appeared �� a��.��%L� , lalown to ine to be the persons whose name is subscribed to the foregoing instrument, and acicnowledged to that he executed the same for the puiposes and consideration therein elpressed. IVEN iJNDER MY HAND AND SEAL OF OFFICE this o� ��^� day of � , 2006. !r..o...e I.INDA TAYI.OR ��yt STATE 0 �TEXAS � � I� �Cann. [tirp. O�f15�/'1010 Draughon Heights Future Improvements OS 02 06 Page 4 of 4 , G�'�(i Notaiy Public, State of Texa My Con iissio expires: � �� .��i(�J�^',;��,j �C,j�,�'T�D i �:; �:S fi�vU.`i,� �"�'`� P,+ l r�r`I'� ! F`�- ��J' u �� c?��t::'�6 l°��il��% � ��5I ''^ ^,S�Lf r.n? 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