Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Home
My WebLink
About
Contract 53324
Received Date: Dec 27,2019 Received Time: 8:19 AM Developer and Project Information Cover Sheet: Developer Company Name: L ham&Hams Development One,L.P. Address, State,Zip Code: 600 Summit Ave.,Fort Worth,Texas 76102 Phone&Email: RHBObarhaminterests.com 1 817-377-2900 Authorized Signatory,Title: Robert Barham,President Project Name: Parkview Hills Phase 6 Brief Description: Water, Sewer,Paving, Storm Drain, Street Lights Project Location: North of Parkview Hills Lane Plat Case Number: None Provided Plat Name: Parkview Hills Mapsco: None Provided Council District: 2 CFA Number: CFA18-0165 City Project Number: 101529 IPRC19-0077 City of Fort Worth,Texas OFFICIAL RECORD Standard Community Facilities Agreement-Parkview Hills Phase 6 CFA Official Release Date:02.20.2017 CITY SECRETARY Page 1 of 11 FT. WORTH,TX STANDARD COMMUNITY FACILITIES AGREEMENT THE STATE OF TEXAS § City Secretary COUNTY OF TARRANT § Contract No. 53324 WHEREAS, Barham & Harris Development One, L.P., ("Developer"), desires to make certain specific improvements as described below and on the exhibits attached hereto ("Improvements")related to a project generally described as Parkview Hills Phase 6 ("Project") within the City or the extraterritorial jurisdiction of Fort 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 subject 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-Parkview Hills Phase 6 OFFICIAL RECORD CFA Official Release Date:02.20.2017 Page 2 of 11 CITY SECRETARY ET. WORTH,U 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-Parkview Hills Phase 6 CFA Official Release Date: 02.20.2017 Page 3 of 11 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-Parkview Hills Phase 6 CFA Official Release Date: 02.20.2017 Page 4 of 11 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-Parkview Hills Phase 6 CFA Official Release Date: 02.20.2017 Page 5 of 11 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-Parkview Hills Phase 6 CFA Official Release Date: 02.20.2017 Page 6 of 11 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-Parkview Hills Phase 6 CFA Official Release Date: 02.20.2017 Page 7 of 11 Cost Summary Sheet Project Name: Parkview Hills Phase 6 CFA No.: CFA18-0165 City Project No.: 101529 1 1PRC19-0077 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 $ 250,943.75 2.Sewer Construction $ 271,630.00 Water and Sewer Construction Total $ 522,573.75 B. TPW Construction 1.Street $ 563,460.00 2.Storm Drain $ 338,506.00 3.Street Lights Installed by Developer $ 67,370.00 4. Signals $ - TPW Construction Cost Total $ 969,336.00 Total Construction Cost(excluding the fees): $ 1,491,909.75 Construction Fees: C. Water/Sewer Inspection Fee(2%) $ 10,451.48 D. Water/Sewer Material Testing Fee(2%) $ 10,451.48 Sub-Total for Water Construction Fees $ 20,902.96 E. TPW Inspection Fee(4%) $ 36,078.64 F. TPW Material Testing(2%) $ 18,039.32 G. Street Light Inspsection Cost $ 2,694.80 H. Signals Inspection Cost $ - H. Street Signs Installation Cost $ - Sub-Total for TPW Construction Fees $ 56,812.76 Total Construction Fees: $ 77,715.72 Choice Financial Guarantee Options,choose one Amount Mark one Bond= 100% $ 1,491,909.75 Completion Agreement=100%/Holds Plat $ 1,491,909.75 X Cash Escrow Water/Sanity Sewer-125% $ 653,217.19 Cash Escrow Paving/Storm Drain=125% $ 1,211,670.00 Letter of Credit=125%w/2 r expiration period $ 1,864,887.19 City of Fort Worth,Texas Standard Community Facilities Agreement-Parkview Hills Phase 6 CFA Official Release Date: 02.20.2017 Page 8 of 11 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 Barham&Harris Development One,L.P. Awg�Bu p Dana Burghdoff( c 24,20 By: Barham&Harris Management, Dana Burghdoff LLC, its general partner Interim Assistant City Manager Date: Dec 24,2019 By: Barham Interests, Inc., its Manager Recommended by: JenniferL. EzernacR Roberl N Barham Jennifer L.Ezernack(Dec 19,2019) Robert H.Barham(Dec 19,2019) Evelyn Roberts/Jennifer Ezernack Name: Robert Barham Project Assistant Title: President Planning and Development Date: Dec 19,2019 Approved as to Form &Legality: Contract Compliance Manager: Richard A.McCracken(Dec 19,2019) By signing, I acknowledge that I am the Richard A.McCracken person responsible for the monitoring and Assistant City Attorney administration of this contract, including M&C No. ensuring all performance and reporting Date: Dec 19,2019 <( , • T.`�'(�` requirements. Form 1295: _ �' . r �_Z_ y Evelyn Ro on behalf of(Dec 19,2019) ATTEST: 'k Name: Janie Morales Title: Development Manager Mary J.K r(De ,2019) Mary J. yser/Ronald Gonzales City Secretary/Assistant City Secretary OFFICIAL RECORD City of Fort Worth,Texas Standard Community Facilities Agreement-Parkview Hills Phase 6 CITY SECRETARY CFA Official Release Date:02.20.2017 FT. WORTH➢ TX Page 9 of 11 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-Parkview Hills Phase 6 CFA Official Release Date: 02.20.2017 Page 10 of 11 ATTACIEMENT"1" Changes to Standard Agreement Community Facilities Agreement City Project No. 101529 1 IPRC19-0077 None. City of Fort Worth,Texas Standard Community Facilities Agreement-Parkview Hills Phase 6 CFA Official Release Date: 02.20.2017 Page 11 of 11 w z 0-) z y O F-- o N O Q J � N I � Q m 7z w O z CD U N �o O O `� LLJ O x O a a C) � � O ZO LLJ C LLJ _ ® L° O >, V) LLJ d]ONVH 808 m o �N0 LLJ z (D C C � C mw 0 0 =�a 0) F77- 3 \\ -L1 _ LLJ V. Q \ co co -- ------- -- - -- w F I R E hk g0 0 RAN ? — ' LIJ - -- offi F x J o _ W LL !z )� (n \ �� --' 1cn , _ , Li N co o mLi. LL J cn I o J of LLJx I \ ,$ - , \�\\� �\ V1 o _--- " y X Iv - - -< W. \ pi _ \ /ice - ,~ 'may f 1 � • h /\` N �:'"` ^• cn CD05 L_ LLJ cn -���� -� _ V� - Qcn s s — - _ ss Q _ _ ---r--- -- .r --- T ' E V (] ; LLJ J LJ J LIJ 3: R o = H 0 :5i O 0 � L� J -- / (/) V 1 C)f 1 Lf V _ z Li (-G " I • - z z cn W Q x -- o z LL- x C z L J Q LIJ zLLJ -- o W Iw > LIJn Q z o �ti z QQ � � � " W � J CD > LL J W LLJ ��- 1 o q- I -- N -- Ld w m m f W -~ (/) 0-) O I ' --- -- ----- x Ld I / / oLLJ z W I n/ col �P,71 I � _ W QO 0) IN LIB W a W ----- _ cn -- d - e C - ry h m I I 0 I o cn W cn O - x off_ - w w o- N -- m W J O cn � -- z �d Qo ry o o O W w w = _ ~� o ww z wQ 00 _ w Un Un -- z ❑ ❑ - n � o �� -- - wW �� -- J N O I __ N -- --� < CD -- 0 CO Li CD Q — �� U~ w - _ - ------- ----- -- ----- -r5�--- 7 -� W �a W ----- � IW 0 O O offi Q w i i ` . O — O N 'tee_ y ------- LJ I�� � e�sevrszaaox 4N _ --DO LO Qo -------- w I I -- --------- LLJ CD \/ ,� Q 1 wUI o _ > Q M � � oLw n m w o J - ----L-- w O cn > w m - w _ o w w O � Cn Q U CD zQ o z LLJ O — ON 0- 0 Cno m W a- a- U w Cn N O I __ N y H � Li / I I I � l -- ------- ------- - - -- LLJ L'i J O O �Q w ua_ w X m '--- -- L�j z cjo� m W O 0Qo IN IN Li —� U LO — - --- - -- -- -- ii ®m O J wz n W O z " w rn -- 1 ,� h O m N X J LLJ r Q w n - f l n I , 0yv\ w w Q O OwN m o N o _ H cwnw �� ©/ - —i o � X LC) O m m m z ^ Cn -J wm OmN Oz �� •� m U m mO m N Q _ - m W w 0 CO -- ��- ry ��- �- ❑ ❑ N O I -- I __ N jj m CD I N m ' LLI I � ------------------ -- ------- --- -- W CD I x offi i w w e w oIN I I O i �� 0-) IN LLJ n m o LO Ld I UI I W z of W IW O J „ Py�/' gip" U E nex ry Q \ n ry L w t ry ry m _Y I � (_YVI � 1' ]�/1� � O L n CD LLJ Of = LLJ ry -- W W V WLLJ ry V, N N N O __ N PROPOSAL CONATSER CONS RUC [ON TX,L.P. "k`�`n&" CONATSER CONSTRUCTION TX, L.P. 5327 Wichita Street Ft.Worth,TX 76119 Contact: Brock Huggins Phone: 817.534.1743 Fax: 817.534.4556 Quote To: Barham&Harris Development One,L.P. Job Name: Parkview Hills Ph.6 Attn: Robert Barham Date of Plans: August 2019 Phone: 817.377.2900 Mobile: Bid Date: November 19,2019 This proposal is priced as a package bid only. ITEM DESCRIPTION QUANTITY UNIT UNIT PRICE AMOUNT 1010 8"PVC 3,175.00 LF 36.00 114,300.00 1020 8" GV 9.00 EA 1,250.00 11,250.00 1030 FH 5.00 EA 4,200.00 21,000.00 1040 RMV 8" PLUG&CONN TO EX. 2.00 EA 1,000.00 2,000.00 1050 1" WTR SVC 88.00 EA 950.00 83,600.00 1060 D.I. WTR FTNGS WI RESTR 4.00 TON 4,500.00 18,000.00 1070 TRENCH SAFETY 3,175.00 LF 0.25 793.75 SUBTOTAL: WATER $250,943.75 2010 8"PVC 2,940.00 LF 44.00 129,360.00 2020 4'MH 15.00 EA 3,400.00 51,000.00 2030 4'XTRA DPTH M14 30.00 VF 185.00 5,550.00 2040 4"SS SVC 88.00 EA 750.00 66,000.00 2050 Post-CCTV Inspection 2,940.00 LF 2.00 5,880.00 2060 MR VACC TESTING 15.00 EA 150.00 21250.00 2070 Trench Safety 2,940.00 LF 1.00 2,940.00 2080 TRENCH WTR STOPS 5.00 EA 250.00 1,250.00 2090 CEMENT STBLZD SAND 7.00 EA 500.00 3,500.00 2100 EPDXY LINED MH 12.00 VF 325.00 3,900.00 SUBTOTAL: SANITARY SEWER $271,630.00 3010 21"RCP,CL III 515.00 LF 65.00 33,475.00 3020 27"RCP,CL III 343.00 EA 75.00 25,725.00 3030 27"RCP,CL IV 458.00 LF 95.00 43,510.00 3040 7'X4'RCP BOX CULVERTS 150.00 LF 375.00 56,250.00 3050 Trench Safety 1,466,00 LF 1.00 1,466.00 3060 10'CURB INLET 9.00 EA 3,400.00 30,600.00 3070 15'CURB INLET 1.00 EA 4,400.00 4,400.00 3080 4'SD JUNC BX 3.00 EA 5,000.00 15,000.00 3090 SD HDWL 2.00 EA 4,500.00 9,000.00 3100 BOX CULVERT WNGWL 2.001 EA 47,500.00 95,000.00 Page 1 of 2 ITEM DESCRIPTION QUANTITY UNIT UNIT PRICE AMOUNT 3110 AREA DRAIN(5'XS') 1.00 EA 6,500.00 6,500.00 3120 AREA DRAIN(6'X6') 1.00 EA 7,500.00 7,500.00 3130 PED RAIL 72.00 LF 140.00 10,080.00 SUBTOTAL: STORM DRAIN $338,506.00 4010 6"CONC PVMT 10,845.00 SY 38.50 417,532.50 4020 6" LIME TREATMENT 11,550.00 SY 3.25 37,537.50 4030 HYDR LIME 208.00 TON 185.00 38,480.00 4040 BF RAMP(R-1) 4.00 EA 1,200.00 4,800.00 4050 BF RAMP(P-1) 6.00 EA 1,200.00 7,200.00 4060 TNSTL ALUM SGN GRND MNT 5.00 EA 550.00 2,750.00 4070 4"CONC SDWLK(BY DEV.) 3,800.00 SF 4.00 15,200.00 4080 6'CONC TRAIL(4"THICK) 8,880.00 SF 4.50 39,960.00 SUBTOTAL: PAVEMENT $563,460.00 5010 2"Sch 80 PVC(Intl Trench&BKFL) 720.00 LF 12.00 8,640.00 5020 NO 10 Insulated Eiec Condr 2,160.00 LF 3.00 6,480.00 5030 Rdwy Ilium Assy TY 8,11,D-25,D-30 11.00 EA 2,600.00 28,600.00 5040 Rdwy Ilium Found TY 1,2,4 11.00 EA 1,200.00 13,200.00 5050 LED Lighting Fixt 11.00 EA 650.00 7,150.00 5060 F/I Ty 33B Arm 11.00 EA 300.00 3,300.00 SUBTOTAL:STREET LIGHTING $67,370.00 6010 SWPPP 1.00 LS 2,500.00 2,500.00 SUBTOTAL: SWPPP PROCESSING $2,500.00 GRAND TOTAL $1,494,409.75 NOTES: }� EXCLUSIONS: •` -Inspection Fees oC on,vtes;lae -Impact,Tap or Connection Fees -Engineering Control -Meter Fees and/or Deposits -Re-vegetation -Construction Material Testing -Geotech Testing -Adjustment Of Existing Utilities -Locate Of Private Utilities -Does not include wire or pumps Page 2 of 2 NA Dec 27,2019 8:19 am COMPLETION AGREEMENT—LENDER FUNDED This Completion Agreement("Agreement)is made and entered into by and among the City of Fort Worth("City"), and Barham &Harris Development One, L.P., a Texas limited partnership ("Developer"), and Frost 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 39.346 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-018-041; and WHEREAS, the Developer and the City have entered into a Community Facilities Agreement relating to the development of Parkview Hills Phase 6 ("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. 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 City of Fort Worth,Texas Standard Completion Agreement—Lender-Funded CFA Official Release Date: 07.01.2015 Page 1 of 17 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 Four Hundred Ninety Four Thousand Four Hundred Nine Dollars and Seventy Five Cents ($1,494,409.75), 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 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 City of Fort Worth,Texas Standard Completion Agreement—Lender-Funded CFA Official Release Date: 07.01.2015 Page 2 of 17 thirty(30) days (the "Completion Date"), in accordance with the CIA, 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. 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 City of Fort Worth,Texas Standard Completion Agreement—Lender-Funded CFA Official Release Date: 07.01.2015 Page 3 of 17 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 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. City of Fort Worth,Texas Standard Completion Agreement—Lender-Funded CFA Official Release Date: 07.01.2015 Page 4 of 17 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. 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,Texas Standard Completion Agreement—Lender-Funded CFA Official Release Date: 07.01.2015 Page 5 of 17 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: Robert H. Barham Barham&Harris Development One, L.P. 600 Summit Ave Fort Worth, Texas 76102 Email: rhb@barhaminterests.com (iii) Notice to the Lender shall be addressed and delivered as follows: Frost Bank Attn: Derek Buchanan 640 Taylor Street, Suite 1000 Fort Worth, TX 76102 Email: derek.buchanan@frostbank.com City of Fort Worth,Texas Standard Completion Agreement—Lender-Funded CFA Official Release Date: 07.01.2015 Page 6 of 17 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 CFA Official Release Date: 07.01.2015 Page 7 of 17 ACCORDINGLY,the City of Fort Worth,Developer anci 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 C�'s City Manager or his/her designee.: CITY OF FORT WORTH: DEVELOPER: Barham&>jIauris Development One, L.P. By: Barham&Harris Management,LLC, its general partner Dana Burghdoff( c 24,2014) Dana Burghdoff By: Barham Interests,Inc.,its Manager Assistant City Manager Robert H Barham Robert H.Barham(Dec 19,2019) Date: Dec 24,2019 Name: Robert H. Barham Title: President Approved as to Form and Legality: Dec 1 ,2019 Date: � /GLI V4 An%?(`m LENDER: Richard A.McCracken(Dec 19,2019) FROST BANK Richard A. McCracken Assistant City Attorney le "44�vG,•� it¢� _ Derek Buchanan(Dec 19,2019) ATTEST: �(j Fj]. . Name: Derek Buchanan o: (y Title: Executive Vice-President Mary J. r(De ,2019) 1 Mary J.Kayser 7G City Secretary M&C: Date: City of Fort Worth,Texas Standard Completion Agreement—Lender-Funded rUFFICIAL CFA Official Release Date:07.01.2015 RECORv Page 8 of 17ECRETARY - E Robert H. Barham, the Guarantor of the Development Loan, is executing this Completion Agreement for the sole purpose of acknowledging that advances that are made by the Lender pursuant 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 Robert H.Barham. GUARANTOR Robe&H: Barharn By: Robert H.Barham(Dec 19,2019) Name: Robert H. Barham Title: Partner James B. Haddock, the Guarantor of the Development Loan, is executing this Completion Agreement for the sole purpose of acknowledging that advances that are made by the Lender pursuant 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 James B. Haddock. GUARANTOR 479#1a X/f9,YXO(lf' By. James B Haddock(Dec 19,2019) Name: James B. Haddock Title: Partner City of Fort Worth,Texas ET. Standard Completion Agreement—Lender-Funded YJ CFA Official Release Date:07.01.2015 R 'P"Page 9 of 17 Y � . WO James R. Harris, the Guarantor of the Development Loan, is executing this Completion Agreement for the sole purpose of acknowledging that advances that are made by the Lender pursuant 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 James R. Harris. GUARANTOR ,144MW R f6trr{1 By: James R Harris(Dec 19,2019) Name: James R. Harris Title: Partner City of Fort Worth,Texas Standard Completion Agreement—Lender-Funded OFFICIAL RECORD CFA Official Release Date:07.01.2015 Page 10 of 17 CITY SECRETARY FT. WORTH,TX List of Exhibits to the Completion Agreement Attachment 1 —Changes to the Standard Completion Agreement Exhibit B - Legal Description Exhibit C - Approved Budget City of Fort Worth,Texas Standard Completion Agreement—Lender-Funded CFA Official Release Date: 07.01.2015 Page 11 of 17 ATTACHMENT"1" Changes to Standard Completion Agreement Paragraph 3: Change the title from "Adjustments to the Completion Amount" to "Reductions in the Completion Amount". Paragraph 4: The second to the last sentence should read"For the purposes of this Agreement,the development of the Property shall be deemed complete upon acceptance by the City of the Improvements including punch list items, which acceptance shall not be unreasonably withheld, conditioned or delayed." Paragraph 5: The first sentence should read"...or(B)the Developer is in default under any of the Loan Documents..." Paragraph 5: The last sentence should read "...terminate this Agreement, and/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 for under the Loan Documents." Paragraph 6: The third paragraph should read"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 for 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 for work actually completed. Any remaining undisbursed Hard Costs shall be returned to Lender within thirty (30) days after the contractor(s) have been paid in full for work to date." Paragraph 7: The paragraph should read"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 of the 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. Any retainage,when paid,shall also,dollar for dollar, reduce the Completion Amount." Paragraph 10: In the first sentence, it should read "...the requirements of the City..." instead of "...all requirements of the City..." Paragraph 12: In the second sentence, insert the words "or Lender" after the word"Developer". Paragraph 13c: It should read"...or the improvements..."instead of"...of the Improvements...". City of Fort Worth,Texas Standard Completion Agreement—Lender-Funded CFA Official Release Date: 07.01.2015 Page 12 of 17 Paragraph 14: In Item F, add the following to the end of the paragraph: "...except as expressly provided herein in the event Lender requests the City to complete the Improvements following a default by Developer." City of Fort Worth,Texas Standard Completion Agreement—Lender-Funded CFA Official Release Date: 07.01.2015 Page 13 of 17 EXHIBIT A STATE OF TEXAS § COUNTY OF TARRANT§ WHEREAS Barham & Harris Development One, L.P., being the owner of a remainder tract land situated in the City Fort Worth,Tarrant County,Texas to wit: BEING a tract of land situated in the A.Albright Survey,Abstract No. 1849,John Askew Survey, Abstract No. 16, and the A. S. Roberts Survey,Abstract No. 1262, City of Fort Worth,Tarrant County,Texas and being all of a tract of land described as Tract 1 by deed to Barham & Harris Development One, L.P. as recorded in Document Number D21818S276 of the Deed Records of Tarrant County,Texas (D.R.T.C.T.)and being more particularly described by metes and bounds as follows: (Bearings referenced to U.S. State Plane Grid 1983 -Texas North Central Zone (4202) NAD83 as established using the Western Data Systems RTKNet Cooperative Network. Reference frame is NAD83(2011) Epoch 2010.0000. Distances shown are U.S. Survey feet displayed in surface values); BEGINNING at a 3/4-inch iron rod found for the southeast corner of Oliver Avenue (a variable width right-of-way) as shown on Lot 1, Block 1, Eagle Mountain—Saginaw I.S.D. School Site, an addition to the City of Fort Worth,Texas as shown on plat recorded in Cabinet A, Slide 197 of the Plat Records of Tarrant County,Texas, (P.R.T.C.T.), same being the northeast corner of Lot 38, Block 1, Parkview Hills, Phase 4—Sections A& B, an addition to the City of Fort Worth, Tarrant County,Texas as shown on plat recorded in Cabinet A, Slide 11S40, P.R.T.C.T. and being the southwest corner of the said Barham & Harris Development One, L.P. tract; THENCE North 00°37'12" West, departing the said Parkview Hills, Phase 4—Sections A& B addition and with the common line between the said Oliver Avenue and the said Barham & Harris Land One, L.P. remainder tract, a distance of 965.61 feet to a point for the northwest corner of the said Barham & Harris Development One, L.P. tract, same being the southwest corner of a tract of land as described by deed to Tommy Joe Winn and Leland D. Gjetley as recorded in Volume 11734, Page 319, D.R.T.C.T., a 3/4-inch iron rod found bears North 00043'29" West, a distance of 0.34 feet, a 1/2 inch capped iron rod marked "PACHECO KOCH" found bears South 38019'03" East, a distance of 0.34 feet; THENCE North 89°58'46" East, departing the said common line and with the common line between the said Tommy Joe Winn and Leland D. Gjetley tract and the said Barham & Harris Development One, L.P. tract, a distance of 1489.73 feet to a PK Nail found for the northeast corner of the said Barham & Harris Development One, L.P. tract, same being the northwest City of Fort Worth,Texas Standard Completion Agreement—Lender-Funded CFA Official Release Date: 07.01.2015 Page 14 of 17 corner of Lot 103, Block 25, Parkview Hills, an addition to the City of Fort Worth,Tarrant County,Texas as shown on plat recorded in Cabinet A, Slide 10354, P.R.T.C.T.; THENCE departing the said common line and with the common line between the said Barham & Harris Development One, L.P. remainder tract and said Block 25 following courses and distances: South 00°03'24" West, a distance of 217.16 feet to a 5/8-inch capped iron rod marked "BHB INC" found(CIRF); South 22°12'00" East, a distance of 332.34 feet to a 5/8-inch capped iron rod marked "PROLINE RPLS 5122" found; South 0591'17" West, a distance of 620.63 feet to a CIRF; South 84°48'43" East, a distance of 101.50 feet to a 5/8-inch iron rod for the southeast corner of Lot 82 of said Block 25 and being in the west right-of-way line of Meandering Creek Drive (a 50-foot public right-of-way); THENCE South 21°00'03" West, with the common line between the said Barham & Harris Development One, L.P.tract and the said west right-of-way line, a distance of 102.83 feet to a 5/8-inch capped iron rod marked"BHB INC" set (IRS) for the northwest corner of the northwest corner clip at the intersection of the said Meandering Creek Drive and Parkview Hills Lane (a 50 foot public right-of-way); THENCE South 64°53'30" West, continuing with the said common line, a distance of 14.41 feet to an IRS for the southwest corner of the said northwest corner clip; THENCE with the common line between the said Barham & Harris Development One, L.P. remainder tract and the said Parkview Hills Drive following courses and distances: Along a tangent curve to the left having a central angle of 18058'28", a radius of 775.00 feet, an arc length of 249.21 feet and a chord which bears North 80°47'57" West, a distance of 248.14 feet to an IRS; South 89°59'19" West, a distance of 216.35 feet to an IRS; Along a tangent curve to the left having a central angle of 13°06'41", a radius of 775.00 feet, an arc length of 177.35 feet and a chord which bears South 83°25'58" West, a distance of 176.96 feet to an IRS; South 76°52'37" West, a distance of 21.78 feet to an IRS; North 58°07'23" West, a distance of 14.14 feet to an IRS; North 13°07'23" West, a distance of 0.85 feet to an IRS; South 76°52'37" West, a distance of 50.00 feet to an IRS; South 34°55'43" West, a distance of 13.39 feet to an IRS; Along a tangent curve to the right having a central angle of 28029'47", a radius of 325.00 feet, an arc length of 161.64 feet and a chord which bears North 82040'29" West, a City of Fort Worth,Texas Standard Completion Agreement—Lender-Funded CFA Official Release Date: 07.01.2015 Page 15 of 17 distance of 159.98 feet to a 5/8-inch iron rod found for the southeast corner of Lot 21, Block 7, of the aforementioned Parkview Hills, Phase 4—Sections A& B addition; THENCE with the common line between the said Barham & Harris Development One, L.P. tract and said Block 7 following courses and distances: North 06'22'11" East, a distance of 135.04 feet to a CIRF; North 54°09'24" West, a distance of 65.52 feet to a CIRF; North 62'42'11" West, a distance of 69.01 feet to an IRS; North 53001'25" West, a distance of 421.51 feet to a 5/8-inch iron rod; South 00°36'59" East, a distance of 184.62 feet to an IRS for the southwest corner of Lot 29 of said Block 7 and being in the north right-of-way line of the aforementioned Parkview Hills Drive; THENCE with the common line between the said Barham & Harris Development One, L.P. tract and said north right-of-way line the following courses and distances: Along a tangent curve to the left having a central angle of 17°44'31", a radius of 325.00 feet, an arc length of 100.64 feet and a chord which bears North 87°14'30" West, a distance of 100.24 feet to an IRS; North 49'01'28" West, a distance of 13.29 feet to an IRS; South 89°22'59" West, a distance of 50.00 feet to an IRS; South 00°37'12" East, a distance of 10.35 feet to an IRS; South 35°48'12" West, a distance of 16.09 feet to an IRS; Along a tangent curve to the left having a central angle of 15002'08", a radius of 325.00 feet, an arc length of 85.29 feet and a chord which bears South 63049'49" West, a distance of 85.04 feet to a CIRF for the southeast corner of the aforementioned Lot 38; THENCE North 39'03'13" West, departing the said common line and with the common line between the said Barham & Harris Development One, L.P. tract and said Lot 38, a distance of 54.23 feet to the POINT OF BEGINNING and containing 1,713,925 square feet or 39.346 acres of land more or less. City of Fort Worth,Texas Standard Completion Agreement—Lender-Funded CFA Official Release Date: 07.01.2015 Page 16 of 17 EXHIBIT C APPROVED BUDGET Section I Water $ 250,943.75 Sewer $ 271,630.00 Subtotal $522,573.75 Section II Interior Streets $ 563,460.00 Storm Drains $ 338,506.00 Subtotal $901,966.00 Section III Street Lights $ 67,370.00 Sub-total $67,370:00 TOTAL $19491,909.75 City of Fort Worth,Texas Standard Completion Agreement—Lender-Funded CFA Official Release Date: 07.01.2015 Page 17 of 17