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HomeMy WebLinkAboutContract 53247 Received Date: 12/16/2019 Received Time:3:55 PM Developer and Project Information Cover Sheet: Developer per Company Name: LWilbow-Morningstar Development Corporation Address, State,Zip Code: 4131 N. Central Expressway#990,Dallas,TX, 75204 Phone&Email: 817-235-5270,JRabon(a,Wilbowusa.com Authorized Signatory,Title: Jennifer Rabon,Vice President of Development Project Name: Morningstar Section 8 Phase 4 Brief Description: i Water, Sewer,Paving,Storm Drain, Street Lights Project Location: FM 3325 Parker County Plat Case Number: Plat Name: FP-19-036 T— -- Mapsco: Council District: 3 CFA Number: I CFA19-0078 City Project Number. 102117 OFFICIAL RECORD, City of Fort Worth,Texas �I SE�RE��R�Standard Community Facilities Agreement-Morningstar Section 8 Phase 4 CFA Official Release Date:02.20.2017 T. WORTH,TX i Page 1 of 14 STANDARD COMMUNITY FACILITIES AGREEMENT THE STATE OF TEXAS § City Secretary COUNTY OF TARRANT § Contract No. 53247 WHEREAS, Wilbow-Morningstar Development Corporation, ("Developer"), desires to make certain specific improvements as described below and on the exhibits attached hereto ("Improvements") related to a project generally described as Morningstar Section 8 Phase 4 ("Project")within the City or the extraterritorial jurisdiction of Fprt Worth,Texas ("City"); and WHEREAS, the City has no obligation to participate in the cost of the Improvements or Project; and WHEREAS,any future City participation in this CFA is�bject to the availability of City funds and approval by the Fort Worth City Council and shall be memorialized as an amendment to this Agreement; and WHEREAS, the Developer and the City desire to enter into this Community Facilities Agreement ("CFA" or "Agreement") in connection with the collective Improvements for the Project. NOW,THEREFORE,for and in consideration of the covenants and conditions contained herein,the City and the Developer do hereby agree as follows: General Requirements A. The Policy for the Installation of Community Facilities ("Policy") dated March 2001, approved by the City Council of the City of Fort Worth, as amended, is hereby incorporated into this Agreement as if copied herein verbatim. Developer agrees to comply with all provisions of said Policy in the performance of its duties and obligations hereunder and to cause all contractors hired by Developer to comply with the Policy in connection with the work performed by said contractors. B. Developer shall provide financial security in conformance with paragraph 6, Section II, of the Policy and recognizes that there shall be no reduction in the collateral until the Project has been completed and the City has officially accepted the Improvements. Developer further acknowledges that said acceptance process requires the Developer's contractor(s) City of Fort Worth,Texas --- Standard Community Facilities Agreement-Morningstar Section 8 Phase 4 OFFICIAL RECORD CFA Official Release Date:02.20.2017 Page 2 of 14 CITY SECRETARY FT WORTH, TX to submit a signed affidavit of bills paid and consent of Surety signed by its surety to ensure the contractor has paid any sub-contractor(s) and suppliers in full. Additionally, the contractor will provide in writing that the contractor has been paid in full by Developer for all the services provided under this contract. C. Developer agrees to cause the construction of the Improvements contemplated by this Agreement and that said construction shall be completed in a good and workmanlike manner and in accordance with all City standards and the City-approved construction plans, specifications and cost estimates provided for the Project and the exhibits attached hereto. D. The following checked exhibits describe the Improvements and are incorporated herein: Water (A) ®, Sewer(A-1) ®, Paving (B) ®, Storm Drain(B-1) ®, Street Lights & Signs (C) ®. E. The Developer shall award all contracts for the construction of the Improvements in accordance with Section II,paragraph 7 of the Policy and the contracts shall be administered in conformance with paragraph 8, Section II, of the Policy. Developer shall ensure its contractor(s)pays the then-current City-established wage rates. F. For all Improvements included in this Agreement for which the Developer awards construction contract(s), Developer agrees to the following: i. To employ a construction contractor who is approved by the director of the department having jurisdiction over the infrastructure to be constructed, said contractor to meet City's requirements for being prequalified, insured, licensed and bonded to do work in public ways and/or prequalified to perform water/wastewater construction as the case may be. ii. To require its contractor to furnish to the City a payment and performance bond in the names of the City and the Developer for one hundred percent (100%) of the contract price of the infrastructure, and a maintenance bond in the name of the City for one hundred percent (100%) of the contract price of the infrastructure for a period of two (2) years from the date of final acceptance insuring the maintenance and repair of the constructed infrastructure during the term of the maintenance bond. All bonds to be furnished before work is commenced and to meet the requirements of Chapter 2253, Texas Government Code. City of Fort Worth,Texas Standard Community Facilities Agreement-Morningstar Section 8 Phase 4 CFA Official Release Date: 02.20.2017 Page 3 of 14 iii. To require the contractor(s) it hires to perform the construction work contemplated herein to provide insurance equal to or in excess of the amounts required by the City's standard specifications and contract documents for developer-awarded infrastructure construction contracts. The City shall be named as additional insured on all insurance required by said documents and same will be evidenced on the Certificate of Insurance (ACORD or other state-approved form) supplied by the contractor's insurance provider and bound in the construction contract book. iv. To require its contractor to give 48 hours advance notice of intent to commence construction to the City's Construction Services Division so that City inspection personnel will be available;to require the contractor to allow the construction to be subject to inspection at any and all times by City inspection forces,to not install or relocate any sanitary sewer, storm drain, or water pipe unless a responsible City inspector is present and gives his consent to proceed, and to make such laboratory tests of materials being used as may be required by the City. V. To require its contractor to have fully executed contract documents submitted to the City in order to schedule a Pre-Construction Meeting. The submittal should occur no less than 10 working days prior to the desired date of the meeting. No construction will commence without a City-issued Notice to Proceed to the Developer's contractor. vi. To delay connections of buildings to service lines of sewer and water mains constructed under this Agreement, if any, until said sewer and water mains and service lines have been completed to the satisfaction of the Water Department. G. Developer shall provide at its expense, unless otherwise agreed to by City, all engineering drawings and documents necessary to construct the improvements under this Agreement. H. Developer shall cause the installation or adjustment of the required utilities to serve the development or to construct the Improvements required herein. I. City shall not be responsible for payment of any costs that may be incurred by Developer in the relocation of any utilities that are or may be in conflict with any of the community facilities to be installed hereunder. City of Fort Worth,Texas Standard Community Facilities Agreement-Morningstar Section 8 Phase 4 CFA Official Release Date: 02.20.2017 Page 4 of 14 J. Developer hereby releases and agrees to indemnify, defend and hold the City harmless for any inadequacies in the preliminary plans,specifications and cost estimates supplied by the Developer for this Agreement. K. Developer agrees to provide, at its expense, all necessary rights of way and easements across property owned by Developer and required for the construction of the current and future improvements provided for by this Agreement. L. The Developer further covenants and agrees to, and by these presents does hereby, fully indemnify, hold harmless and defend the City, its officers, agents and employees from all suits, actions or claims of any character,whether real or asserted,brought for or on account of any injuries or damages sustained by any persons (including death) or to any property, resulting from or in connection with the construction, design, performance or completion of any work to be performed by said Developer, its contractors, subcontractors, officers, agents or employees, or in consequence of any failure to properly safeguard the work, or on account of any act, intentional or otherwise, neglect or misconduct of said Developer, its contractors, sub-contractors, officers, agents or employees, whether or not such injuries, death or damages are caused, in whole or in part, by the alleged negligence of the City of Fort Worth, its officers, servants, or employees. M. Developer will further require its contractors to indemnify, defend and hold harmless the City, its officers, agents and employees from and against any and all claims, suits or causes of action of any nature whatsoever, whether real or asserted, brought for or on account of any injuries or damages to persons or property, including death, resulting from,or in any way connected with,the construction of the infrastructure contemplated herein,whether or not such injuries, death or damages are caused, in whole or in part, by the alleged negligence of the City of Fort Worth, its officers, servants, or employees. Further,Developer will require its contractors to indemnify, and hold harmless the City for any losses, damages, costs or expenses suffered by the City or caused as a result of said contractor's failure to complete the work and construct the improvements in a good and workmanlike manner, free from defects, in conformance with the Policy, and in accordance with all plans and specifications. City of Fort Worth,Texas Standard Community Facilities Agreement-Morningstar Section 8 Phase 4 CFA Official Release Date: 02.20.2017 Page 5 of 14 N. Upon completion of all work associated with the construction of the Improvements, Developer will assign to the City a non-exclusive right to enforce the contracts entered into by the Developer with its contractor along with an assignment of all warranties given by the contractor, whether express or implied. Further, Developer agrees that all contracts with any contractor shall include provisions granting to the City the right to enforce such contracts as an express intended third party beneficiary of such contracts. O. Inspection and material testing fees are required as follows: i. Developer shall pay in cash water and wastewater inspection fees and material testing fees equal to two percent (2%) for a total of 4% of the developer's share of the total construction cost as stated in the construction contract. ii. Developer shall pay in cash paving and storm drain inspection fees equal to four percent (4%) and material testing fees equal to two percent (2%) for a total of 6% of the developer's share of the total construction cost as stated in the construction contract. iii. Developer shall pay in cash the total cost of streetlights or if the city is not installing the streetlights, inspection fees equal to four percent (4%) of the developer's share of the streetlight construction cost as stated in the construction contract. iv. Developer shall pay in cash the total cost of street signs. P. COMPLETION WITHIN 2 YEARS i. Developer shall complete the Improvements within two (2) years, provided, however, if construction of the Improvements has started within the two year period,the developer may request that the CFA be extended for one additional year. ii. Nothing contained herein is intended to limit the Developer's obligations under the Policy, this Agreement, its financial guarantee, its agreement with its contractor or other related agreements. iii. The City may utilize the Developer's financial guarantee submitted for this Agreement to cause the completion of the construction of the Improvements if at the end of two (2)years from the date of this Agreement(and any extension period) the Improvements have not been completed and accepted. iv. The City may utilize the Developer's financial guarantee to cause the completion of the construction of the Improvements or to cause the payment of costs for City of Fort Worth,Texas Standard Community Facilities Agreement-Morningstar Section 8 Phase 4 CFA Official Release Date: 02.20.2017 Page 6 of 14 construction of same before the expiration of two (2) years if the Developer breaches this Agreement, becomes insolvent or fails to pay costs of construction and the financial guarantee is not a Completion Agreement. If the financial guarantee is a Completion Agreement and the Developer's contractors and/or suppliers are not paid for the costs of supplies and/or construction, the contractors and/or suppliers may put a lien upon the property which is the subject of the Completion Agreement. Q. Developer 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, Developer certifies that Developer's signature provides written verification to the City that Developer: (1) does not boycott Israel; and(2)will not boycott Israel during the term of the contract. IMMIGRATION AND NATIONALITY ACT R. Developer shall verify the identity and employment eligibility of its employees who perform work under this Agreement, including completing the Employment Eligibility Verification Form (I-9). Upon request by City, Developer shall provide City with copies of all I-9 forms and supporting eligibility documentation for each employee who performs work under this Agreement. Developer shall adhere to all Federal and State laws as well as establish appropriate procedures and controls so that no services will be performed by any Developer employee who is not legally eligible to perform such services. DEVELOPER SHALL INDEMNIFY CITY AND HOLD CITY HARMLESS FROM ANY PENALTIES, LIABILITIES, OR LOSSES DUE TO VIOLATIONS OF THIS PARAGRAPH BY DEVELOPER, DEVELOPER'S EMPLOYEES, SUBCONTRACTORS, AGENTS, OR LICENSEES. City, upon written notice to Developer, shall have the right to immediately terminate this Agreement for violations of this provision by Developer. City of Fort Worth,Texas Standard Community Facilities Agreement-Morningstar Section 8 Phase 4 CFA Official Release Date: 02.20.2017 Page 7 of 14 Cost Summary Sheet Project Name: Morningstar Section 8 Phase 4 CFA No.: CFA19-0078 City Project No.: 102117 An Engineer's Estimate of Probable Cost is acceptable. However, the construction contract price will ultimately determine the amount of CFA fees and financial guarantee. The bid price and any additional CFA payments will be required prior to scheduling a pre-construction meeting. An itemized estimate corresponding to each project-specific exhibit is required to support the following information. Items Developer's Cost A. Water and Sewer Construction 1. Water Construction $ 210,128.25 2.Sewer Construction $ 119,868.70 Water and Sewer Construction Total $ 329,996.95 B. TPW Construction 1.Street $ 623,305.34 2.Storm Drain $ 331,609.25 3.Street Lights Installed by Developer $ 43,658.75 4. Signals $ - TPW Construction Cost Total $ 998,573.34 Total Construction Cost(excluding the fees): $ 1,328,570.29 Construction Fees: C. Water/Sewer Inspection Fee(2%) $ 6,599.94 D. Water/Sewer Material Testing Fee(2%) $ 6,599.94 Sub-Total for Water Construction Fees $ 13,199.88 E. TPW Inspection Fee(4%) $ 38,196.58 F. TPW Material Testing(2%) $ 19,098.29 G. Street Light Inspsection Cost $ 1,746.35 H. Signals Inspection Cost $ - H. Street Signs Installation Cost $ - Sub-Total for TPW Construction Fees $ 59,041.22 Total Construction Fees: $ 72,241.10 Choice Financial Guarantee Options,choose one Amount Mark one Bond= 100% $ 1,328,570.29 Completion Agreement=100%/Holds Plat $ 1,328,570.29 x Cash Escrow Water/Sanity Sewer-125% $ 412,496.19 Cash Escrow Paving/Storm Drain=125% $ 1,248,216.68 Letter of Credit=125%w/2 r expiration period $ 1,660,712.86 City of Fort Worth,Texas Standard Community Facilities Agreement-Morningstar Section 8 Phase 4 CFA Official Release Date: 02.20.2017 Page 8 of 14 ACCORDINGLY,the City of Fort Worth and Developer have each caused this instrument to be executed in quadruplicate in each entity's respective name by its duly authorized signatories effective as of the date executed by the City's City Manager or his/her designee. CITY OF FORT WORTH DEVELOPER Wilbow-Morningstar Development Corporation :vw& 2? T Dana Bur¢hdoff(0 16,201d Dana Burghdoff Interim Assistant City Manager TennifcrRabon Date: Dec 16,2019 Jennifer Rabon(Dec 10,2019) Name: Jennifer Rabon Recommended by: Title: Vice President of Development Ever'r��Rd>7erfy- Date: Dec 10,2019 Evelyn frobens(Dec 12,2019) Evelyn Roberts/Jennifer Ezernack Project Assistant Planning and Development Contract Compliance Manager: By signing, I acknowledge that I am the person responsible for the monitoring and Approved as to Form &Legality: administration of this contract, including ensuring all performance and reporting requirements. Richard A.McCracken(Dec 16,2019) Richard A. McCracken Tonnhl�rEzyrnaok on bohalfof✓anle Morales Assistant City Attorney Jennifer Ezernack on behalf of Janie Morales(Dec 16,2019) M&C No. N/A Name: Janie Morales Date: Title: Development Manager Form 1295: N/A ' ATTEST: L4tx sY er J Mary Kayser(Dec 16,2019) :.� Mary J. Kayser/Ronald Gonzales�. — City Secretary/Assistant City Secretary City of Fort Worth,Texas Standard Community Facilities Agreement-Morningstar Section 8 Phase 4 CFA Official Release Date:02.20.2017 Page 9 of 14 Check items associated with the project being undertaken; checked items must be included as Attachments to this Agreement Included Attachment ® Attachment 1 - Changes to Standard Community Facilities Agreement ® Location Map ® Exhibit A: Water Improvements ® Exhibit A-1: Sewer Improvements ® Water and Sewer Cost Estimates ® Exhibit B: Paving Improvements ® Paving Cost Estimate ® Exhibit B-1: Storm Drain Improvements ® Storm Drain Cost Estimate ® Exhibit C: Street Lights and Signs Improvements ® Street Lights and Signs Cost Estimate (Remainder of Page Intentionally Left Blank) City of Fort Worth,Texas Standard Community Facilities Agreement-Morningstar Section 8 Phase 4 CFA Official Release Date: 02.20.2017 Page 10 of 14 ATTACIEMENT"1" Changes to Standard Agreement Community Facilities Agreement City Project No. 102117 None. City of Fort Worth,Texas Standard Community Facilities Agreement-Morningstar Section 8 Phase 4 CFA Official Release Date: 02.20.2017 Page 11 of 14 ATTACHMENT "2" Phased CFA Provision City Project No. The improvements being constructed by Developer pursuant to this Agreement will connect to improvements Developer is constructing under a separate Community Facilities Agreement that have not been completed and accepted by the City. Therefore, this Agreement shall be considered a"Phased CFA"and the provisions contained in this section shall apply to this Agreement. The improvements being constructed by Developer under the separate Community Facilities Agreement shall be defined as the "Parent Project." The improvements being constructed by Developer under this Agreement shall be defined as the "Child Project." Developer acknowledges and agrees that due to Developer's election to construct a Phased CFA, the potential exists for technical, delivery, acceptance or performance problems (hereinafter "Construction Problems"). Construction Problems may include, but are not limited to: failure of the improvements to comply with the approved plans or City Specifications; failure of the improvements in the Parent Project and the Child Project to properly connect to each other; changes to the design or construction of the improvements in the Parent Project that impact the design and construction of the improvements in the Child Project; construction delays, delay claims, or claims for liquidated damages; increased costs for the Developer; failure of the improvements to pass inspection or material testing; or rejection by the City of some or all of the improvements and Developer having to remove and reconstruct the improvements at Developer's expense. In addition, Developer understands and agrees that disputes may arise between Developer's contractors or their subcontractors relating to responsibility for the Construction Problems. Developer shall be solely responsible for resolving disputes between contractors or disputes between contractors and subcontractors. Developer further acknowledges and agrees that Developer has notified all of Developer's contractors for the Project that Developer has elected to construct a Phased CFA, the provisions of this section, the risks associated with a Phased CFA, and that the City shall not bear any responsibility for Developer's decision to proceed with a Phased CFA. Developer shall not make the final connection of the improvements in the Child Project to the improvements in the Parent Project until the improvements in the Parent Project have been constructed and accepted by the City and the City has consented to Developer making the connection. Developer agrees that if this Agreement is for improvements relating to the construction, renovation or modification of one or more single family residential homes or structures, the City will not record the plat related to the Project until the improvements are constructed and accepted City of Fort Worth,Texas Standard Community Facilities Agreement-Morningstar Section 8 Phase 4 CFA Official Release Date: 02.20.2017 Page 12 of 14 by the City. Developer agrees that if this Agreement is for improvements relating to the construction, renovation or modification of one or more commercial buildings or structures, the Developer shall not receive a Certificate of Occupancy from the City for the building(s)related to the Project until the improvements in this Agreement are constructed and accepted by the City. Developer further understands and agrees that completion of the improvements under this Agreement does not entitle Developer to obtain a final plat of the property until all other requirements of Federal law, State law, or the City Code relating to the filing and recording of a final plat have been met by Developer. BY CHOOSING TO CONSTRUCT A PHASED CFA, DEVELOPER ASSUMES ALL RISKS AND DEVELOPER SHALL BE LIABLE AND RESPONSIBLE FOR ANY AND ALL DAMAGES, INCLUDING BUT NOT LIMITED TO ANY AND ALL ECONOMICDAMA GES PROPERTYLOSS,PROPERTYDAMAGESANDPERSONAL INJURY, (INCLUDING DEATH OFANYKIND OR CHARACTER, WHETHER REAL OR ASSERTED. DEVELOPER HEREBYEXPRESSLYRELEASESAND DISCHARGES CITY FROM ANY AND ALL LIABILITY FOR DAMAGES, INCLUDING, BUT NOT LIMITED TOANYANDALL ECONOMICDAMAGES,PROPERTYLOSS,PROPERTY DAMAGE AND PERSONAL INJURY(INCL UDING DEATI1)ARISING OUT OF OR IN CONNECTION WITH,DIRECTLY OR INDIRECTLY, THE CONSTRUCTION OF THE IMPROVEMENTS OR DEVELOPER'S DECISION TO CONSTRUCT A PHASED CFA. DEVELOPER,AT ITS SOLE COSTAND EXPENSE,AGREES TO AND DOES HEREBY INDEMNIFY, DEFEND PROTECT, AND HOLD HARMLESS CITY, AND CITY'S OFFICERS, REPRESENTATIVES, AGENTS, EMPLOYEES, AND SERVANTS FOR, FROMANDAGAINSTANYANDALL CLAIMS(WHETHER ATLA W OR INEQUITI9, LIABILITIES, DAMAGES (INCLUDING ANY AND ALL ECONOMIC DAMAGES, PROPERTYLOSS, PROPERTYDAIVIAGES AND PERSONAL INJURIES INCLUDING DEATH LOSSES, LIENS, CAUSES OF ACTION, SUITS, JUDGMENTS AND EXPENSES (INCLUDING, BUT NOT LIMITED TO, COURT COSTS, ATTORNEYS' FEES AND COSTS OF INVESTIGATION), OF ANY NATURE, KIND OR DESCRIPTION ARISING OR ALLEGED TO ARISE BY OR IN ANY WAYRELATED TO CONSTRUCTION OF THE IMPROVEMENTS OR DEVELOPER'S CHOICE TO CONSTRUCT A PHASED CFA, OR (2) BY REASON OF ANY OTHER CLAIM WHATSOEVER OF ANY PERSON OR PARTY OCCASIONED OR ALLEGED TO BE OCCASIONED IN WHOLE OR IN PART BY THE CONSTRUCTIONS OF THE IMPROVEMENTS OR DEVELOPER'S CHOICE TO CONSTRUCT A PHASED CFA WHETHER OR NOT SUCH INJURIES, DEATH OR DAMAGES ARE CAUSED, IN WHOLE OR IN PART, BY THE ALLEGED NEGLIGENCE OF THE CITY OF FORT WORTH,ITS OFFICERS SERVANTS, OR EMPLOYEES. City of Fort Worth,Texas Standard Community Facilities Agreement-Morningstar Section 8 Phase 4 CFA Official Release Date: 02.20.2017 Page 13 of 14 DEVELOPER Wilbow-Morningstar Development Corporation Tennifer Rdbon Jennifer Rabon(Dec 10,2019) Name: Jennifer Rabon Title: Vice President of Development Date: Dec 10,2019 City of Fort Worth,Texas Standard Community Facilities Agreement-Morningstar Section 8 Phase 4 CFA Official Release Date: 02.20.2017 Page 14 of 14 004243 D,V-StD PROPWAL Page i or- SECTION 00 42 43 Developer Awarded Projects-PROPOSAL FORM BIDS ITEMS 7/10/2019 4IOR'NINGSTAR-SECTION 8-P11ASE 4 CPN: 102117 UNIT PRICE BID Bidder's Application Project Item infonnation Bidder's Proposal t Is[ Specification Unit or Bid Item Description session No. Measure Quantity Unit frier Bid Value No. UNIT I:WATER IMPROVEMENTS i-I 331I.OI61 6"AVatcr Pipe 33 1112 Ll' i8 5-6.0u S463X0 1-2 3311.0261 8"Water Pipe 33 11 12 LF 3,351 $23.50 S95,503.50 1-3 3312.3002 6"Gate Valve 33 1220 EA 6 S350.00 S5,100.00 14 3312.3003 8"Gate Valve 33 12 20 EA 8 S950.00 S7,600.00 1-i 3312.0117 Connect.Io Existirig4"-1"'Water tifaini 33 11 15 FA 3 S154.00 $450.00 1.6 3312.000I Fire Hydrant 33 12 40 EA 6 S3,400,00 $20,400.00 1.7 DI 1.0001 Ductile Iron 1Vater Fittings 33 11 It 1.()N 2 S5,500.00 $I1.00G.00 1-7 3305.0109 TrenchSufely 33 03 11) LF 3,369 S0.75 S2,526.75 A 3312.2003 i"Water Service 33 12 10 EA 36 S780.00 S67,080.00 TOTAL UNIT I:WATER IMPROVEMENTS $210.128.25 � ► I 1 i CITY OF FORT WORTH STANDARD CONSTRUCTION SPECIFICATION DOCLVENTS-DEVELOPER AWARDED PROJECTS Farm Vmivn Apt 2.2014 00 42 43-FWAL BID ITEMS-NORNIYGSTAR-SECTION 3 PHASE 4-2013361-14-07-10.19 • , ' 004143 DAP-B[D PROPOSAL Pagc 2 of 7 SECTION 00 42 43 Developer Awarded Projects-PROPOSAL FORA SIDS 1TE:VIS 7;1 D'_019 MORN INGSTAR-SECUOtN 8-PHASE d CPy: 102117 UNIT PRICE BID Bidder's Application Project Item Information Riddcrs Proposal 15[ Spreifea[ion Unit of Bid ![em Description Section No, Measure Quantity Unit Price Bid Value No. UNIT 11: SANITARY SEWER)MPROVEMENTS 2-1 3331.41 li S"Sewer Pipe 33 3120 LF 1.735 S,3.50 S49,447.50 2-3 3331.4116 8"Sntver Pipe wICSB 3305 10 LF 89 556.00 S4.994.00 2-3 3305.01 16 8"Sewer Pipe w/Concrete Encasement 33 05 10 LF 20 556.00 SI,Z20.00 2-4 3305,01 14 Manhole Adjustment,Major w/Cover 33 05 14 EA I S 1,500.00 SI,300.00 2-5 3339.1001 4'Manhole 33 3920 EA 6 S3,600.00 S21,600.00 2-6 3339.1002 4'Drop Manhole 33 3920 EA I S6.000.00 S6,000.00 2-7 3339.1003 4'Extra Depth Manhoic 33 39 20 VF 19 $150-M) S?,890.00 3-8 3331.3101 4"Sewer Service,Ttvo-way cleanout 33 31 50 EA 51 34t0.00 $20,910.00 2-9 3301.0002 Po5[-CCTV Inspection 33 01 31. LF 1,344 S180 $5,163,20 2-10 3301.0101 Manhole Vacuum Testing 3301 30 EA 7 S150.00 SI,050.00 2-11 MUM Epoxy Manhole Liner 33 3960 VF 12 $200,00 S1.400.00 2-t33305,0109 Trench Safety 330510 LF 1,344 SIM $1,844.00 2-13 9999,0001 Connect to Existing Sanitary Sewer Alain 33 It t0 EA 1 51,000.00 S1,000.00 TOTAL UNIT 11:SANITARY SEWER IMPROVEMENTal $119,868.70 j Crry OF FORT WORTH STANDARD CONSTRUCTION SPECIFICATION DOCUMENTS-DEVELOPER AWARDED PROJECTS Form Vcmion Apn1 2.2014 00 42 43-FINAL BID FTEMS-YIORNL\GSTAR-SECTION 3 PH.4SC 4-;0 1336H-1--07-10.19 004243 DAP-30)PROPOSAL Page 3 of 7 SECTION 00 42 43 Developer Awarded Projects-PROPOSAL FORM SIDS ITEMS 7/101'_'019 SI0RNINGSTAR-SECTION S-PHASE 4 �P1: 102117 UNIT PRICE BID Bidder's Application Projrcl Item Information Biddces Proposal t't SpcciFcation Unit of Bid Item 13es�cliplion Unit Price Bid Value No Section No. ivleasure Quansiry UNIT(ll: DRAINAGE IMPROVEMENTS 3-I 133ui.010 rTeach Satery 3305 t0 LF 1,371 SO.75 $1.028,25 3-2 3341.0602 60"RCP,Class III 3341 10 LF 277 S225.00 $62,325.00 3-3 3341,0409 43"RCP,Class 111 3341 10 LF $48 S150.00 5127,200.00 3-4 3341,0309 36"RCP,Class III 3341 I0 T.F 120 S 105.00 $12.600.00 3-5 3341.0205 24"RCP,Class HI 33 41 10 LF 403 372.00 $29,016.00 3.6 3349.01101 4'Sturm Junction Box 33.19 10 EA I S4,600.00 $4.600.00 3-6 9999.0010 4'Extra Depth Storm Manhole 33 3920 VF 7 S500.00 S3,500,00 3-7 3349.0003 5'Sturm Junction Box 33 49 10 EA 2 $5.800.00 $11.600.00 3-8 3349.0003 6'Storm Junction Box 33 49 10 FA 1 56,500.00 $6,500.00 3.9 3349.5002 15'Curb Inlet 33 49 20 EA 1 $5,800M S5,800.00 3-10 3349.5003 20'Curb Inlet 33 49 20 EA 7 $7,500.00 352,500.00 3-11 3349,4115 60"TXDOT 4:1 Type II SETP-C❑ 33 49 40 EA I S9,100.00 $9.100.00 3-12 3349,4109 36"T.UJO7"4:1 Type 11 SETP-CI) 33 49 40 EA I S3,800,00 $3,800.00 3-13 9999,0002 Medium Stone,Riprap,dry 31 3700 Sy 24 $85.00 S2,040.00 i 1 TOTAL UNIT Ill:DRAINAGE IMPROVEMENTS $333,609.25 I i CITY OF FORT WORTH STANN DAR➢CONSTRUCTION SPECIF10,TIO,1 DOCUM ENTS-DEVELOP ER AWARDED PROIECfS Form Vcrsian April_.'-0t4 004243-FIN AL BID rrEMS-MOR.VLNGSTAR-SECTIONSMN SE4-201336 H4-07-T0.19 00 4=43 DAP-BED PROPOSAL Pose,or SECTION 00 42 43 Developer Awarded Projects-PROPOSAL FORM BIDS ITENIS 7!10,12019 1 YIORNINGSTAR'-SECTION 8-PHASE a CPN: 102117 I UNIT PRICE BID Bidder's Application f Project Item Information Bidder's Proposal 11 i Est item Description Spc6 ication Unit or Hid P Section No. MeasuTc Quantity unit Prise Bid Value No, Bid Summary UNIT is WATER IMPROVEMENTS $210.128.25 UNIT II:SANITARY SEWER IMPROVEMENTS $119.868,70 UNIT III:DRAINAGE IMPROVEMENTS $331,609.25 UNIT IV:PAVING IMPROVEMENTS UNIT V:STREET LIGHTING IMPROVEMENTS Total Construction Bid $661,606.20 Contractor agrees to complete WORK for FINAL ACCEPTANCE within #days calendar days after the date when the CONTRACT commences to run as provided in the General Conditions. END OF SECTION I CITY OF FORT WORTH ST.Ati➢ARD CONSTRUCTION SPECIF1C.-MON DOCUMENTS-DEVELOPER AWARDED PROJECTS Form Vcmion ApriI 12014 00 42 4�-FWAL BW ITEMS-10RNNGSTAR-SECTION 3 FRASE-1-201336H4.07•14.19 i 004241 DAP-HED PROPOSAL Pagc 4 of 7 SECTION 00 42 43 Developer Awarded ProjeGls-PROPOSAL FORM BIDS ITEINIS 7/10/2019 MdRV I VGSTAR-SECTiON 8-PHASE 4 CPN. 1021I7 1 UNIT PRICE BID Bidder's Application Project hem lnfotmalion Bidder's Proposal Bidlisi SpeciFrcation Unit of Bid item Description Section No. Ialeasure Quantity Unit Price Bid Value No. UNIT IV:PAVING IMPROVEMENTS 4-1 3213.0101 6"L'unc 11:ux 32 13 13 SY 8,-124 $39.27 S322.386.48 4-2 3311,0501 6"Lime Treatment 32 1129 SY 8,972 S3.53 S22.699.16 4-3 3211.0400 Hydrate Lime 32 11 29 TN 134.57 $163,00 S22,607.76 4-4 9999.0001 7.5"Conc Pvmt 32 13 13 SY 4,456 S42,33 S 138.622.43 4-5 33 11.0502 8"Lime Trcat me nt 32 11 29 SY 4,746 S2.79 $13,241.34 4-6 3211.0400 Hydrate Lime 32 it 29 TN 94.96 S168.00 S15,953.2S 4-7 32t3,0301 5-WI,4"Concrete Sidawalk 32 13 20 SF 2,375 55.61 S13,323.75 4-8 3213,0501 Barrier Free Ramp-Type P-1 32 13 20 EA 10 $1.643,56 $16,435.60 4-9 3441-4003 Furnish&Install Ground Mount past wlStop& 3441 30 EA 3 S4,956.00 Directive Siens 5 k,65_.OiJ 4-10 9999.0004 Street Narne Plates For Street Inlersection 3441 30 EA 5 S321-55 S1,607.75 4-1 l 9999.0005 Instail Type III Street barricade(strcet dead ends) 313600 L.F 33 S33.73 S1,471.74 TOTAL UNIT IV:PAVING IMPROVEMENTS $623T305.34 i CITY OF FORT WORTH STmND%RD CONSTRUCTIOY SPECIFICATION DUCLIMEN'TS-DEVELOPER.AWARDED PROIECTS Form Version April'.U 14 00 42 43-FINAL StD ISMS-.MORNINGSTAR-SECTION 8 PHASE 4•2013M144.01-10-19 ' • 004243 D23-SID PROPOSAL Page,of7 i SECTION 00 42 43 Developer Awarded Projects-PROPOSAL FORM BIDS ITENIS 711012019 rMORNINGSTAR-SECTION 8-PHASE 4 CPN; IpZi 17 1 UNIT PRICE BID Bidder's Application Project Rem Information Bidder's Proposal 111 Bidlist Specification Unit of bid Item Description Unit Price Sid Value No, Section No, Measure Quantity I Bid Summary UNIT I:WATER IMPROVEMENTS UNIT II:SANITARY SEWER IMPROVEMENTS UNIT III:DRAINAGE IMPROVEMENTS _ UNIT IV:PAVING IMPROVEMENTS $623,305.34 UNIT V:STREET LIGHTING IMPROVEMENTS Total Construction Bid $623,305.34 }j } Contractor agrees to complete WORK for FINAL ACCEPTANCE within 73 calendar days after the date when the CONTRACT commences to run as provided In the General Conditions. I 4 I END OF SECT70N 1 i } CrrY OF FORT IVORTH ST.i.V D.-1RD CO,FST RUCTION S P ECiF iCATION DOC UN ENTS-DE V ELM R.A W MWED PROJECTS Form Version April 2,2014 00 J2 43-FNAL BID rrEMS-MOR NGSTAR-SECTION$PHASE 4-'_Ot336H4-07-Io-19 1 � r r 00 42 43 DA2-BID PROPOSAL Page 5 nr7 SECTION 00 42 43 Deveioper Awarded Projects-PROPOSAL FORM SIDS ITEMS 7,1Oe2011t M0H.NLNGSTAR-SECTION 8-P13ASE 4 CPN: 102117 1 UNIT PRICE BID Bidder's Application Project item Inrormatinn Bfdders Proposal Bidliv Specification Unit of Bid Item Description Specification No. Measure Quantity Unit Price Sid Value Iva. UNIT V:STREET LIGHTING IMPROVEMENTS 5.1 9999-0000 Install Helophane-Columbia Aluminum Peie, 3411?0 EA 20 $550.00 $1 1,000,00 Wash in¢ton-14-3'Lumina ira WFCL2-070HQ-30K-AS-13K-L5- 5-2 3441.3001 Furnishlinstall Rdwy€11um Foundation TY 7 3441 20 EA 20 S900.00 SI8,000.00 5-3 2605,3015 Fumishllnsto112 inch Conduit PVC SCH 80(T) 26 05 33 LF 1303 S9.00 $11,727.00 54 3441-3401 Ftunisldtnstal11110 Copper Electric Conductor 34 41 10 LF 1303 S2,251 S2.931.75 Note: Tri-County Electric is providing item 5-1 for the TOTAL UNIT V:STREET LIGHTING IMPRCVE.;NTS $43.658.75 1 1 I 4 I CITY OF FORT WORTH STANDARLD CONSTRUCTION SPECIFICATION DOCUNMINTS-DEVELOPER A%V.UWED PROTECTS Form Venwn April 2.2014 00 42 43-FINAL Bm ITEMS-71t]-NTNOST-aR-SECTION 8 PHASE 4.201336H4.07-t0.19 1 OAK sET cREE'` ems- `G � �EMeN r C TION MORNING �lGl]}_ MIST TR. INDIGO cq�E►rST P�rN SKY DR. N.T.S. OLD WEATHERFORD T OLD WEATHERFORD — '� CHAPIN i 1187 ± 3 j ''� 2Q , cR r i 30 8 ��- SOUTH-\. MA YS Underwood Cemetery UNION r 0 �A 11 JNJON PACIFIC R R q�G� g IPRC NO. LOCATION MAP WATER NO.9 -0112 56008-0600430-102117-001580 MORNINGS TAR SEWER NO. 56008-0700430-102117-001380 STREET/STORM DRAIN NO. W-2633 SECTION 8, PHASE 4 CITY PROJECT NO. 102117 x-25993 WELCH ENGINEERi-,-TG, INC. CONSULTING ENGINEERS OCTOBER 4. 2019 PR P. 'W PROP�B"w AliLu _EA GR{S � � a PR P. 'W PROP. B'W r I r 1 �► sr 9- CHIP DOD D fv$r. d'w D CN{Q�D� - I f E.$l l a"w o- ` l_l_� �� ❑ axsr. a w gwELy EnSr. - 1� O �t Exir5r a w h , A ------ � I 0 Da B � ITTT-1 I I � I 100% DEVELOPER'S COST SCALE: 1"=300' 8" WATER LINES, FIRE HYDRANTS, GATE VALVES AND ASSOCIATED APPURTENANCES EXHIBIT "A" IPRC NO. 19-0112 WATER NO. 56008-0600430-102117-001550 WATER IMPROVEMENTS SEWER NO. 56008-0700430-1 021 1 7-001 380 M OR N I N GSTAR STREET/STORM DRAIN NO. W-2633 SECTION 8, PHASE 4CITY X2990JECT NO. 102117 - 5 WELCH ENGINEERING, INC. CONSULTING ENGINEERS OCTOBER 4, 2019 ip 11r _ PROP... 8'SS GR1sso� � A v � PROP. 8'SS I---- ' r a$s rn I 1 ran CHIP DOD D I i CHIpro?ID, r. 8'SS r£x�s1 8 p ❑ B KELlY�IIAY '� Ew r• e'ss' � _ SLY A + p � l f Exrsr. ass ' _ ? �1 eAlsr. H ' SCALE. 1"=30C' 100% DEVELOPER'S COST 8" SANITARY SEWER LINES AND ASSOCIATED APPURTENANCES EXHIBIT "A-1" IPRC NO. 19-0112 WATER NO. 56008-0600430-1 021 1 7-001 580 SANITARY SEWER IMPROVEMENTS SEWER NO. 56008-0700430-102117-001380 MORNINGSTAR STREET/STORM DRAIN NO. W-2633 IT SECTION 8, PHASE 4 X-25999ROJECT N0. 102117 WELCH ENGINEERING, I NC. CONSULTING ENGINEERS OCTOBER 4, 2019 - �r •.r �;. „ __ �•, � r ram— � � CD GR1S50M.A� 1 I m so n ■ �.� L_r Vl 1 oy ¢3 1 g0 1 W + Al ��� i 1� t' \ V V A 1 ix o m � V V [ 1 � � � a r- - IGE.TMIST O ❑ — — a9' a—e It _ I ` 0 CHIPWOP❑ DRrri �II I C` 1ilPWDO. R � yn W o r S AKEL,Y WA f ! y rT ® 100% DEVELOPER'S COST 7.5" PAVEMENT W/2% CROSS SLOPE ON 8" LIME SUBGRADE 100% DEVELOPER'S COST 6" PAVEMENT W/2% CROSS SLOPE ON 6" LIME SUBGRADE SCALE. 1"=300' EXHIBIT "B" IPRC NO. 19-0112 WATER NO. 56008-0600430-102117-001580 PAVING IMPROVEMENTS SEWER NO. 56008-0700430-102117-001380 M OR N I N GSTAR STREET/STORM DRAIN NO. W-2633 SECTION 8, PHASE 4 X-ITY 2599OJECT NO. 102117 WELCH ENGINEERWCY, INC. CONSUL TING ENGINE-E-RS OCTOBER 4, 2019 /f L � 1 GRISS4�1► 20' p ' r J "RCP 1 SIGf•1�I5T - �yY�� r - 20' r ! L 36" CPS X 1� A I I Ex MIRCP CHIPWOOD R I D - �. cr�IQ Ooa _ z - 1 l 6LAkECY W' AY + _ s'pKELY SCALE: 1"=300' 1 D', OR 20' INLET---, 100% DEVELOPER'S COST STORM SEWER AND INLET AND ASSOCIATED APPURTENANCES EXHIBIT "B— 1 " IPRC NO. 19-0112 WATER NO. 56008-0600430-102117-001580 STORM DRAIN IMPROVEMENTS SEWER NO. 56 008-0700430-1 021 1 7-001 380 M O R N I N G S TA R STREET/STORM DRAIN NO. W-2633 CITY PROJECT NO. 102117 SECTION 8, PHASE 4 x-25993 WELCH ENGINEERi-,-TG, INC. CONSULTING ENGINEERS OCT08ER 4, 2019 � c 1 js'T AVE 4 1 -r A, f� 1 {3HL Is ROAD - - - - - - I L--- + r I I .m + ' I 1 I ` ran C IPV1VO�D OR 1 1PW D� a l _ L ��Ty B AKE1� WA 1 ELY WA r I -- PROPOSED STREET LIGHT (1007. DEVELOPER'S COST) -- SCALE; 1"=300' PROPOSED STREET SIGN (100% DEVELOPER'S COST) ■ -- PROPOSED GROUND BOX (100% DEVELOPER'S COST) -- EXISTING STREET LIGHT EXHIBIT "C" IPRC NO. 19-0112 WATER NO. 56008-0600430-102117-001580 STREET LIGHTS SEWER NO. 56008-0700430-102117-001380 M O R N I N GS TA R STREET/STORM DRAIN NO. W-2633 CITY PROJECT NO. 102117 SECTION 8, PHASE 4 x-25993 WELCH ENGINEERi-,-TG, I Nc. CONSULTING ENGINEERS OCTOBER 4, 2019 COMPLETION AGREEMENT—LENDER FUNDED This Completion Agreement("Agreement)is made and entered into by and among the City of Fort Worth ("City"), and WILBOW-MORNINGSTAR DEVELOPMENT CORPORATION, a Texas Corporation ("Developer"), and SOUTHSIDE BANK ("Lender"), effective as of the date subscribed by the City's City Manager or Assistant City Manager. The City, the Developer and the Lender are hereinafter collectively called the "Parties". WITNESSETH: WHEREAS, the Developer owns that certain tract of real property that contains approximately 15.217 acres that is located in the City, the legal description of which tract of real property is marked Exhibit "A"—Legal Description, attached hereto and incorporated herein for all purposes ("Property"); and WHEREAS, the Developer intends to develop the Property as an addition to the City through plat FP 18-141 or FS<Number>; and WHEREAS, the Developer and the City have entered into a Community Facilities Agreement relating to the development of MORNINGSTAR DEVELOPMENT—SECTION 8, PHASE 4, ("CFA"); and WHEREAS, the City has required certain assurances of the availability of funds to complete the water and sewer utilities, streets/paving, storm drain, street lights and street signs for the development of the Property("Improvements"), and WHEREAS, in order to provide such assurances as have been required by the City, the Lender has agreed to advance certain funds to the City for Hard Costs (which term is hereinafter defined)subject to,and in accordance with,the terms,provisions and conditions of this Agreement; and WHEREAS, the Developer has granted to the Lender as additional security for the Loan (which term is hereinafter defined) a security interest in all plans and specifications for the development of the Property(collectively, the "Plans"); and WHEREAS, the Parties desire to set forth the terms and conditions of such accommodations as are described above. City of Fort Worth,Texas Standard Completion Agreement—Lender-Funded Revised 09.07.2017 JLE CFA Official Release Date: 07.01.2015 Page 1 of 14 NOW THEREFORE,for and in consideration of the benefits to be derived from the mutual observance by the Parties of the terms and conditions hereof, and for and in consideration of Ten Dollars ($10.00) and other good and valuable consideration, the receipt, adequacy and sufficiency of which are hereby acknowledged, the Parties agree as follows: 1. Recitals. The foregoing recitals are true, correct and complete and constitute the basis for this Agreement and they are incorporated into this Agreement for all purposes. 2. The Completion Amount. The City and the Developer agree that the Hard Costs required to complete the Improvements in the aggregate should not exceed the sum of ONE MILLION THREE HUNDRED TWENTY EIGHT THOUSAND FIVE HUNDRED SEVENTYAND TWENTY-NINE CENTS,($1,328,570.29),hereinafter called the"Completion Amount". Notwithstanding the foregoing, it is acknowledged that the actual costs of completion of the Improvements may vary as a result of change orders agreed to by the Parties, but such variances for the purposes of this Agreement shall not affect the Completion Amount as used herein. 3. Adjustments to the Completion Amount. The Lender may from time to time make advances to the Developer for the development of the Property under the development loan that has been made by the Lender to the Developer for the purpose of financing the costs of constructing the Improvements for the Property (the "Loan") subject to, and in accordance with, the terms, conditions and provisions of the Loan Documents (which term is hereinafter defined) evidencing and securing the Loan. Some of those advances shall be for Hard Costs as specified in the "Approved Budget" relating to the Loan, a copy of which Approved Budget is marked Exhibit "B", attached hereto and incorporated herein for all purposes, with the Hard Costs line items highlighted. The term"Hard Costs" shall mean the actual costs of construction and installation of the Improvements. To the extent that advances under the Loan are for the payment of Hard Costs, the Completion Amount shall be deemed reduced, dollar for dollar. The Lender may withhold statutory retainage from any advances under the Loan or pursuant to this Agreement. All such retainage withheld, to the extent it is attributable to Hard Costs, shall also reduce the Completion Amount dollar for dollar. All retainage withheld by the Lender for Hard Costs that are advanced City of Fort Worth,Texas Standard Completion Agreement—Lender-Funded Revised 09.07.2017 JLE CFA Official Release Date: 07.01.2015 Page 2 of 14 to the City pursuant to this Agreement shall be released to the City as provided in the Texas Property Code upon expiration of the statutory retainage period. 4. Completion by the Developer. The Developer agrees to complete the Improvements on or before the date for completion that is established in the Loan Documents plus thirty(30) days (the "Completion Date"), in accordance with the CFA, the Plans approved by the Lender and the City and all documents evidencing or securing the Loan (collectively, the "Loan Documents"). For the purposes of this Agreement, the development of the Property shall be deemed complete upon acceptance by the City of the Improvements. The City shall promptly notify the Lender and the Developer upon such acceptance. 5. Completion by the City. In the event that either: (A) the development of the Property is not completed by the Completion Date for any reason whatsoever,or(B)the Developer is in default under the Loan, then the Lender, at its sole option, may request the City to complete development. The City may, at its sole option and at the cost and expense of the Developer,within 10 days from receipt of Lender's request, notify Lender that it will undertake to complete the Improvements and the City shall then commence, pursue, and complete the Improvements in a reasonably timely, diligent and workmanlike manner in accordance with the Plans, subject to the terms of this Agreement. The Lender and the Developer agree that the City may use the Plans as necessary to complete the Improvements. If the City does not timely elect to complete the construction of the Improvements or if the Lender does not request the City to complete construction of the Improvements, then the Lender may at its election terminate this Agreement, or at its option, proceed to complete the Improvements, or foreclose on any of its collateral, or take any and all such action as may be provided under the Loan Documents. 6. Advance of Completion Costs to the City and Delivery of Hard Costs Collateral to the Ci In the event the Lender has requested the City and the City has elected to complete the Improvements, Lender shall transfer to the City all remaining undisbursed Hard Costs specified in the Approved Budget within 10 days of the date that the City elected to complete and provided Lender with written notice of such election. City of Fort Worth,Texas Standard Completion Agreement—Lender-Funded Revised 09.07.2017 ME CFA Official Release Date: 07.01.2015 Page 3 of 14 The Developer hereby authorizes and instructs the Lender to make the transfer of any remaining undisbursed Hard Costs specified in the Approved Budget to the City within 10 days of notification that the City elects to complete the Improvements. In the event the cost to complete the Improvements exceeds the moneys transferred to the City, City shall notify Lender and Developer in writing of the need of additional funds. The additional funds required to complete the Improvements shall be delivered to the City within 10 business days following notification to Lender and Developer. Failure to deliver the additional funds shall relieve the City of the obligation to complete the Improvements, in which event City shall use the Hard Costs funds in its possession to pay the contractor(s) all funds due it/them. Any remaining undisbursed Hard Costs shall be returned to Lender within a reasonable time. 7. Completion by the Lender. The Lender may, at its discretion, but shall not be obligated to, undertake to complete the Improvements if there is any default under any Loan Documents in lieu of requesting the City to complete the Improvements. If the Lender elects to complete the Improvements, any Hard Costs it expends shall, dollar for dollar, reduce the Completion Amount. 8. Easements. In the event the City or the Lender undertakes the completion of the Improvements, the Developer (and to the extent necessary the Lender) grants to the City and the Lender open access to the Property and shall execute and deliver such temporary easements over and across the entirety of the Property for the purpose of access and use for the completion of the construction of the Improvements in accordance with this Agreement. To the extent requested by the City and the Lender, written temporary construction easements in form acceptable to the City and the Lender shall be executed by the Developer and filed of record. Nothing in this paragraph shall reduce any rights of the Lender or obligations of the Developer under the Loan Documents. 9. Lender's Rights. Nothing in this Agreement shall affect any portion of the Lender's collateral for the Loan or limit or impair the Lender's right to foreclose the same or deal with the collateral as it elects in accordance with the Loan Documents. 10. Satisfaction of the City Requirements. The City agrees that the assurances and covenants contained in this Agreement satisfy all requirements of the City with respect to Developer's performance bond or other financial security in connection with the development of City of Fort Worth,Texas Standard Completion Agreement—Lender-Funded Revised 09.07.2017 ME CFA Official Release Date: 07.01.2015 Page 4 of 14 the Property and the completion of the Improvements that are contained in the CFA or in any other agreement relating thereto, and the City hereby accepts the assurances and covenants contained herein in lieu thereof. To the extent the CFA irreconcilably conflicts with this Agreement, the provisions of this Agreement shall control. 11. Termination. This Agreement shall terminate upon the earlier to occur of the following: (a) acceptance by the City of the Improvements; (b) mutual written agreement of all of the Parties; or (c)the reduction of the Completion Amount to zero. However, release of the plat shall be governed by paragraph 12 hereof and termination pursuant to (b) or (c) of this paragraph 11 shall not require the City to release the plat. 12. Final Plat. The Parties acknowledge and agree that the City shall hold the final plat of the Property until the Improvements are completed and accepted by the City and all Hard Costs contractors have been paid, less retainage. Upon acceptance by the City and receipt of evidence from the Developer showing that all Hard Costs contractors have been paid, including but not necessarily limited to lien waivers and bills paid affidavits,the City shall within a reasonable time file the final plat for the Property in the Plat Records of the county where the Property is located. The purpose of the City retaining the final plat of the Property as provided herein is to guarantee the Developer's obligations under the CFA are completed. 13. Construction Contracts. Developer agrees to include in each Construction contract that it enters into for the completion of the Improvements the following: a.A statement that the City is not holding any security to guarantee any payment for work performed on the Improvements; b. A statement that the Property is private property and that same may be subject to mechanic's and materialman's liens; c.A requirement that each contractor contracting with the Developer release the City from any claim that is related to the Property of the Improvements; and d. A requirement that each contractor contracting with the Developer include in each subcontract the statements contained in a., b., and c. above. 14. Miscellaneous. City of Fort Worth,Texas Standard Completion Agreement—Lender-Funded Revised 09.07.2017 ME CFA Official Release Date: 07.01.2015 Page 5 of 14 A. Non-Assignment of Agreement. This Agreement may not be assigned by any of the Parties without the prior written consent of all the other Parties. B. Notice. Any notice required or permitted to be delivered under this Agreement shall be deemed received on actual receipt by the appropriate party at the following addresses: (i) Notice to the City shall be addressed and delivered as follows: City of Fort Worth Planning and Development Department 200 Texas Street Fort Worth, Texas 76102 Attention: CFA Division Janie Morales, Development Manager Email: Janie.Morales@fortworthtexas.gov Confirmation Number: 817-392-7810 and/or Attention: CFA Division Email: cfa@fortworthtexas.gov Confirmation Number: 817-392-2025 With a copy thereof addressed and delivered as follows: Richard A. McCracken Office of the City Attorney City of Fort Worth 200 Texas Street Fort Worth, Texas 76102 Confirmation Number: 817-392-7611 (ii) Notice to the Developer shall be addressed and delivered as follows: WILBOW-MORNINGSTAR DEVELOPMENT CORPORATION 5307 E. MOCKINGBIRD LANE, SUITE 900 DALLAS,TEXAS 75206 Lawrence A. Corson Email: Icorson@wilbowusa.com (iii) Notice to the Lender shall be addressed and delivered as follows: SOUTHSIDE BANK City of Fort Worth,Texas Standard Completion Agreement—Lender-Funded Revised 09.07.2017 JLE CFA Official Release Date: 07.01.2015 Page 6 of 14 1320 S. UNIVERSITY DRIVE, SUITE 401 FORT WORTH,TEXAS 76107 MARK CUNDIFF Email: mark.cundiff@southside.com A party may change its address for notice upon prior written notice to the other parties pursuant to the terms hereof. C. Texas Law to Apply. This Agreement shall be construed under and in accordance with the laws of the State of Texas. D. Parties Bound. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective legal representatives, successors and assigns. E. Legal Construction. In case any one or more of the provisions contained in this Agreement shall for any reason is held to be invalid, illegal, or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision of this Agreement, and this Agreement shall be construed as if such invalid, illegal, or unenforceable provision had never been contained in this Agreement. F. Prior Agreements Superseded. This Agreement constitutes the sole and only agreement of the Parties with respect to the subject matter hereof and supersedes any prior understandings or written or oral agreements among the Parties concerning the subject matter hereof; provided, however, that this Agreement shall not supersede, amend or modify any of the Loan Documents or any portion thereof. G. Amendment. This Agreement may only be amended by a written instrument executed by all of the Parties to his Agreement. H. Headings. The headings that are used in this Agreement are used for reference and convenience purposes only and do not constitute substantive matters to be considered in construing the terms and provisions of this Agreement. (REMAINDER OF PAGE INTENTIONALLY LEFT BLANK) City of Fort Worth,Texas Standard Completion Agreement—Lender-Funded Revised 09.07.2017 JLE CFA Official Release Date: 07.01.2015 Page 7 of 14 ACCORDINGLY,the City of Fort Worth,Developer and Lender have each caused this instrument to be executed in quadruplicate in each entity's respective name by its duly authorized signatories effective as of the date executed by the City's City Manager or his/her designee.: CITY OF FORT WORTH: DEVELOPER: WILBOW-MORNINGSTAR DEVELOPMENT CORPORATION oar 4 Dana doff(D 16,201 Dana Burghdoff ��.�„o. � ,ey �1 � Interim Assistant City Manager Lawrence A Corson(Dec 10,2019) _- Name: LAWRENCE A. CORSON Title: CO-PRESIDENT Date: Dec 16,2019 Approved as to Form and Legality: Date: Dec 10,2019 LENDER: SOUTHSIDE BANK Richard A.McCracken(Dec 16,2019) Richard A.McCracken Assistant City Attorney Awk A at, ���'11' Mark W.Cundiff(Dec 12,2019) ATTEST: Name: MARK CUNDIFF F Q R T Title: EXECUTIVE VICE PRESIDENT L% %7P M ""Yy�V��-- 4 Kayser _� Contract Compliance Manger Mary yser(Dec 16 2019) Mary J. Kayser ;' By signing I acknowledge that I am the City Secretary5 person responsible for the monitoring and administration of this contract,including M&C: ensuring all performance and reporting Date: requirements. .Tenn% -rCzerhaGK on behalf ofTAnia Moralessan behalf ofTania Morales Jennifer Ezernack on behalf of Janie Morales(Dec 16,2019) Janie S. Morales Development Manager City of Fort Worth,Texas Standard Completion Agreement—Lender-Funded Revised 09.07.2017 ME CFA Official Release Date:07.01.2015 Page 8 of 14 OFFICIAL iRECORD CITY SECRETARY FT WORTH, TX LAWRENCE A. CORSON, the Guarantor of the Development Loan, is executing this Completion Agreement for the sole purpose of acknowledging that advances that are made by the Lenderpursuant to this Completion Agreement shall be deemed to be advances that are made under the Loan that shall be subject to and covered by the Loan Documents and the Guaranty Agreement that was executed by LAWRENCE A. CORSON. GUARANTOR By: Lawrence A Corson(Dec 10,2019) Name: LAWRENCE A. CORSON Title: CO-PRESIDENT OFFICIAL RECORD CITY SECRETARY FT.(NORTH,TX City of Fort Worth,Texas Standard Completion Agreement—Lender-Funded Revised 09.07.2017 ME CFA Official Release Date:07.01.2015 Page 9 of 14 List of Exhibits to the Completion Agreement Attachment 1 —Changes to the Standard Completion Agreement Exhibit A- Legal Description Exhibit B - Approved Budget City of Fort Worth,Texas Standard Completion Agreement—Lender-Funded Revised 09.07.2017 ME CFA Official Release Date: 07.01.2015 Page 10 of 14 ATTACHMENT"1" Changes to Standard Completion Agreement None City of Fort Worth,Texas Standard Completion Agreement—Lender-Funded Revised 09.07.2017 JLE CFA Official Release Date: 07.01.2015 Page 11 of 14 EXHIBIT A Section 8-3: Being a tract of land out of the P. J. McClary Survey, Abstract No. 907, and situated in Parker County,Texas, being surveyed by Miller Surveying, Inc. of Hurst,Texas in April of 2019, said tract being a portion of the same tract of land described in the deed to Wilbow- Morningstar Development Corporation described in Correction Deed recorded as Document No. 2015-26673 in the Deed Records of Parker County,Texas, and being more particularly described by metes and bounds as follows: Beginning at a 1/2 inch "MILLER 5665" capped steel rod found for the southeast corner of Lot 9, Block 73, Morningstar, an addition to Parker County,Texas according to the plat thereof recorded in Cabinet D, Slide 656 of the Plat Records of said County, said rod being in the northerly right-of-way line of Chipwood Drive; Thence North 07 degrees 06 minutes 11 seconds West with the easterly boundary line of said Lot 19 a distance of 120.00 feet to a 1/2 inch "MILLER 5665" capped steel rod found for the northeast corner thereof; Thence South 82 degrees 53 minutes 49 seconds West a distance of 103.99 feet to a 1/2 inch "MILLER 5665" capped steel rod found for the northeast corner of Lot 21 of said Block 73; Thence North 81 degrees 02 minutes 42 seconds West with the northerly boundary line of said Lot 21 a distance of 41.55 feet to a 1/2 inch "MILLER 5665" capped steel rod found for the northwest corner thereof, said rod being the beginning of a curve to the left with a radius of 1040.00 feet and whose chord bears North 00 degrees 54 minutes 11 seconds East at 291.35 feet; Thence northerly with said curve along an arc length of 292.31 feet and through a central angle of 16 degrees 06 minutes 14 seconds to a 1/2 inch "MILLER 5665" capped steel rod set; Thence North 82 degrees 53 minutes 49 seconds East a distance of 698.21 feet to a 1/2 inch "MILLER 5665" capped steel rod set; Thence South 07 degrees 06 minutes 11 seconds East a distance of 180.00 feet to a 1/2 inch "MILLER 5665" capped steel rod set; Thence South 82 degrees 53 minutes 49 seconds West a distance of 3.68 feet to a 1/2 inch "MILLER 5665" capped steel rod set; Thence South 07 degrees 06 minutes 11 seconds East a distance of 120.00 feet to a 1/2 inch "MILLER 5665" capped steel rod set; City of Fort Worth,Texas Standard Completion Agreement—Lender-Funded Revised 09.07.2017 JLE CFA Official Release Date: 07.01.2015 Page 12 of 14 Thence North 82 degrees 53 minutes 49 seconds East a distance of 233.18 feet to a 1/2 inch "MILLER 5665" capped steel rod set; Thence North 88 degrees 47 minutes 31 seconds East a distance of 614.96 feet to a 1/2 inch "MILLER 5665" capped steel rod set; Thence South 01 degrees 12 minutes 29 seconds East a distance of 40.00 feet to a 1/2 inch "MILLER 5665" capped steel rod set; Thence North 88 degrees 47 minutes 31 seconds East a distance of 160.66 feet to a 1/2 inch "MILLER 5665" capped steel rod set in the easterly boundary line of said Wilbow tract from which a 1/2 inch "MILLER 5665" capped steel rod found for the northeast corner thereof bears North 01 degrees 13 minutes 18 seconds West at 532.38 feet; Thence South 01 degrees 13 minutes 18 seconds East with said westerly boundary line a distance of 250.00 feet to a 1/2 inch "MILLER 5665" capped steel rod set; Thence South 88 degrees 47 minutes 31 seconds West a distance of 725.48 feet to a 1/2 inch "MILLER 5665" capped steel rod set; Thence South 85 degrees 15 minutes 59 seconds West a distance of 87.61 feet to a 1/2 inch "MILLER 5665" capped steel rod set; Thence South 82 degrees 53 minutes 49 seconds West a distance of 735.79 feet to a 1/2 inch "MILLER 5665" capped steel rod found for the southeast corner of Lot 1, Block 72 of said addition; Thence North 07 degrees 06 minutes 11 seconds West a distance of 170.00 feet to a 1/2 inch "MILLER 5665" capped steel rod set in said northerly right-of-way line of Chipwood Drive; Thence South 82 degrees 53 minutes 49 seconds West a distance of 21.19 feet to the point of beginning and containing 15.2172 acres of land, more or less. City of Fort Worth,Texas Standard Completion Agreement—Lender-Funded Revised 09.07.2017 JLE CFA Official Release Date: 07.01.2015 Page 13 of 14 EXHIBIT B APPROVED BUDGET Section I Water $210,128.25 Sewer $119,868.70 Subtotal $329,996.95 Section II Interior Streets $623,305.34 Storm Drains $331,609.25 Subtotal $954,914.59 Section III Street Lights $43,658.75 Sub-total $43,658.75 TOTAL $1,328,570.29 City of Fort Worth,Texas Standard Completion Agreement—Lender-Funded Revised 09.07.2017 ME CFA Official Release Date: 07.01.2015 Page 14 of 14