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HomeMy WebLinkAboutContract 34314 i CITY SECRETARY CONTRACT NO. L�j ff;?L AMENDMENT NO. 2 TO COMMUNITY FACILITIES AGREEMENT This AMENDMENT NO. 2 TO COMMUNITY FACILITIES AGREEMENT (`Amendment") is made and entered into by and between the CITY OF FORT WORTH ("City"), a home rule municipal corporation organized under the laws of the State of Texas, and S07 #I, L.P. ("Developer"), a Texas limited partnership. RECITALS A. The City and Developer have entered into that certain Economic and Community Development Agreement (the "ECDA") pursuant to which Developer constructed the first phase of a real property development generally known as "South of Seventh", defined in the ECDA as the "Project". The first phase of the Project, defined in the ECDA as "Phase I", includes, but is not limited to, the construction of twelve (12) townhomes and site infrastructure for approximately forty-seven (47) additional townhomes. The ECDA is a public document on file in the City Secretary's Office as City Secretary Contract No. 31772, as amended. B. As part of the Project, Developer has constructing a road (currently identified as Museum Way) that will serve the townhomes and townhome sites developed during Phase I of the Project (the "Initial Spine Road"), as more specifically outlined in City Secretary Contract No. 29230, a Community Facilities Agreement between the City and Developer, as amended by City Secretary Contract No. 32291 (collectively, the "CFA"). C. Pursuant to and in accordance with the ECDA and Section I.H of the CFA, the City has reimbursed Developer a portion of the cost of construction of the Initial Spine Road, specifically $941,271.88 (the "Phase I Reimbursement"). D. The Project comprises the major portion of an area targeted for redevelopment by means of a Transportation-Land Use Joint Venture Grant administered by the Texas Department of Transportation. In return for the public purposes that will be accomplished as a result of the Project, as outlined in the Recitals of the ECDA, and the construction of the Initial Spine Road, the City now wishes to reimburse Developer for expenditures made by Developer for engineering-related services required to provide plans and specifications for pedestrian enhancements along the Initial Spine Road acceptable to the Texas Department of Transportation, not to exceed $85,000. NOW, THEREFORE, in consideration of the mutual benefits and promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the City and Developer agree as follows: 7a7 Page 17 Amendment No.2 to Community Facilities Agreement Imi 6 �� ��l A, between City of Fort Worth and S07#l,L.P. ;ari�1 r AGREEMENT 1. The City Council hereby finds, and the City and Developer hereby agree, that the recitals set forth above are true and correct and form the basis upon which the City has entered into this Amendment. 2. The CFA is hereby amended to add Article IV (Engineering Services), as follows: In return for the public purposes that will be accomplished as a result of the Project, as outlined in the Recitals of the ECDA, and the construction of the Initial Spine Road, and notwithstanding anything to the contrary in the ECDA, the City shall reimburse Developer for engineering-related services required to provide plans and specifications acceptable to the City and the Texas Department of Transportation for pedestrian enhancements, including landscaping, sidewalks, crosswalks, irrigation and other improvements mutually approved by the City and the Texas Department of Transportation related to those community facilities improvements depicted in Exhibits F, G, H, I, J, K, L and M of this Agreement, in an amount not to exceed the lesser of(i) Developer's actual expenditures for such engineering-related services or(ii) $85,000.00. 3. This Amendment contains the entire understanding and agreement between the City and Developer as to the matters specifically contained herein. All terms and conditions of the CFA that are not directly amended by this Amendment shall remain in full force and effect. Capitalized terms used, but not defined, in this Amendment shall have the meanings assigned to them by the CFA. EXECUTED to take effect on the later date indicated below: Approval Recommended: Water Department Transportation and Public Works Department: B i v` B Y• Y• Frank Crumb, P.E. Robert Goode, P.E. Director Director Paget V9U�� �54y15 `.It�U Amendment No.2 to Community Facilities Agreement between City of Fort Worth and SO7#1,L.P. CITY OF FORT WORTH: S07#19 L.P., a Texas limited artnership: BY le general partner BY ,��'P��' z BY: 04 i1arc Ott Name: % Assistant City Manager Title: Zo Date: Date: APPROVED AS TO FORM AND LEGALITY: By: Peter Vaky Assistant City Attorney M&C: C-21800 10-24-06 Attested By, Alarty Hendrix City Secretor, Page 3 � )wiae . Amendment No.2 to Community Facilities Agreement CITY �111,28i RY between City of Fort Worth and S07#l,L.P. FT. WORTH, TEX. Page 1 of 2 City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 10/24/2006 DATE: Tuesday, October 24, 2006 LOG NAME: 30CFA AMEND REFERENCE NO.: C-21800 SUBJECT: Authorize Amendment to Community Facilities Agreement with S07 No.1, L.P. RECOMMENDATION: It is recommended that the City Council authorize the City Manager to execute an amendment to the Community Facilities Agreement with S07 No.1, L.P. (DevelopeF) regarding the South of Seventh development project allowing reimbursement to Developer in the amount of $85,000 for engineering services provided for the project. DISCUSSION: On January 28, 2003, the City Council approved (M&C C-19454) authorizing the City Manager to execute a Community Facility Agreement (CFA) (City Secretary Contract No. 29230; as previously amended by City Secretary Contract No. 32291) for the development of the South of Seventh project (the Project). The CFA provided for street construction (Museum Way) and other related improvements including irrigation, landscaping, crosswalks and sidewalks. In addition to the CFA, on January 28, 2003, (M&C C-19455) the City Council approved execution of a Transportation-Land Use Joint Venture Grant Agreement with the State of Texas Department of Transportation (TxDOT) qualifying the use of the Project and surrounding area for the Transportation-Land Use Joint Venture Program (Grant). A portion of the grant provided for the Project landscape amenities. City funds were used to cover all other aspects of the project under the CFA. Total City participation in the Project under the CFA to date is $941,271.88. Engineering plans were developed for the landscape amenities to TxDOT standards but because the firm performing the engineering was not selected using a competitive selection process, its services were not eligible for reimbursement under the Grant. However, the North Central Texas Council of Governments has agreed to provide equivalent funds for another City overmatched grant project in the amount of $85,000 which would offset the cost of the engineering services. City staff is recommending that the CFA be amended to allow the City to reimburse developer $85,000 for engineering services provided for the landscape improvements. The South of Seventh development project is located in COUNCIL DISTRICT 9. FISCAL INFORMATION/CERTIFICATION: The Finance Director certifies that funds are available in the current capital budget, as appropriated, of the Critical Capital Projects Fund. TO Fund/Account/Centers FROM Fund/Account/Centers http://www.cfwnet.org/council_packet/Reports/mc_print.asp 1/25/2007 Page 2 of 2 C116 531200 020116136360 $85,000.00 Submitted for City Manager's Office bT. Marc A. Ott (8476) Originating Department Head: A. Douglas Rademaker(6157) Additional Information Contact: Rick Trice (7959) http://www.cfwnet.org/council_packet/Reports/mc_print.asp 1/25/2007