HomeMy WebLinkAboutContract 51902-A1 10/11/19
4:42 PM
CITY SECRETARY CONTRACT NO. 51902-Al
FIRST AMENDMENT TO CITY SECRETARY CONTRACT NUMBER 51902
A COMMUNITY FACILITIES AGREEMENT BETWEEN
THE CITY OF FORT WORTH AND
BLOOMFIELD HOMES,L.P.
This FIRST AMENDMENT TO CITY SECRETARY CONTRACT NUMBER 51902
("First Amendment"),is made and entered into by and between the City of Fort Worth ("City"),
a home-rule municipal corporation of the state of Texas, and Bloomfield Homes, L.P.
("Developer"), a Texas limited partnership.
WHEREAS, City and Developer entered into a Community Facilities Agreement by
which Developer is constructing certain public infrastructure Improvements for a Project described
as Rosemary Ridge Addition Phase 4 ("CFA"); and
WHEREAS, Developer provided a completion agreements as the financial guarantee for
the CFA("Completion Agreement"); and
WHEREAS, the CFA and the Completion Agreement are on file with the City Secretary
as City Secretary Contract Number 51902; and
WHEREAS,Developer has constructed a portion of the Community Facilities required by
the CFA; and
WHEREAS, Developer has requested to replace the Completion Agreement with a cash
escrow as the financial guarantee for the remaining Community Facilities that Developer will
construct pursuant to the CFA;
NOW THEREFORE, City and Developer, acting herein by and through their duly
authorized representatives, enter into the following agreement, which amends City Secretary
Contract No. 51902:
1.
City Secretary Contract No. 51902 is hereby amended to add Section S. to the CFA to be
and read as follows:
S. Developer and City agree that Developer may replace the Completion
Agreement with a Cash Escrow in the amount of$ 70,448.01 as the
financial guarantee for the remaining Community Facilities to be constructed
pursuant to the CFA,which amount equals one hundred twenty-five percent of the
remaining Community Facilities to be constructed by Developer.
Contemporaneous with delivery of this First Amendment being executed by
Developer and delivered to City, Developer shall deliver the Cash Escro
OFFICIAL RECORD
City of Fort Worth,Texas CITY SECRETARY
Amendment Number 1 to City Secretary Contract No.51902
Page 1 of 3 FT. WORTH,TX
City.
2.
Upon execution of this First Amendment, City agrees to release the hold on the final plat
related to the CFA described in Section 6 of the Completion Agreement. City and Developer agree
that there may be other holds on the final plat not related to the CFA that must be cleared by
Developer before the final plat can be filed.
3.
a. All other provisions of the City Secretary Contract Number 51902,which are not expressly
amended herein, shall remain in fall force and effect.
b. All terms in this First Amendment that are capitalized, but not defined, shall have the
meanings ascribed to those terms in City Secretary Contract Number 51902.
[SIGNATURES ON FOLLOWING PAGE]
City of Fort Worth,Texas
Amendment Number 1 to City Secretary Contract No. 51902
Page 2 of 3
IN TESTIMONY WHEREOF, the City and Developer have executed this First
Amendment to be effective on the date signed by the City's Interim Assistant City Manager.
CITY OF FORT WORTH DEVELOPER
Bloomfield Homes, L.P.
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Dana 9urghdoff(Oct 10,20
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Dana Burghdoff Donald J Dykstra(0 9,2019)
Interim Assistant City Manager Name: Donald J. Dykstra
Title: President
Date:
Date: Oct 9, 2019
Recommended by:
c /-' U. -A ATTEST: (Only if required by Developer)
Evelyn Robe s(Oct 9,2019)
Evelyn Roberts/Jennifer Ezemack
Project Assistant
Planning and Development Name:
Approved as to Form &Legality:
icichrard A T vCraGikBr1 Contract Compliance Manager:
Richard A.McCracken(Oct 10,2019) By signing, I acknowledge that I am the
Richard A. McCracken person responsible for the monitoring and
Sr. Assistant City Attorney administration of this contract, including all
M&C No. N/A performance and reporting requirements.
Date: 9
Form 12" 5: N/A ennif en�a akon behal(of Janie Morale(Oct 9,1019
ATTEST; Name: Janie Scarlett Morales
Title: Development Manager
Mary Kayser(Oct 11,2019
Mary J. Kayser 2
City Secretary
OFFICIAL RECORD
CITY SECRETARY
City of Fort Worth,Texas FL WORTH,TX
Amendment Number I to City Secretary Contract No. 51902
Page 3 of 3