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HomeMy WebLinkAboutContract 53667 Mar 18,2020 CSC No. 53667 9:33 AM FUTURE IMPROVEMENTS AGREEMENT FOR INFRASTRUCTURE IMPROVEMENTS Southland Business Park WHEREAS, the City of Fort Worth ("City") has entered into that certain Community Facilities Agreement (CFA17-070 ) ("CFA") with Fort Worth Everman/ Risigner Development, LLC, ( "Developer"); and WHEREAS, the CFA includes Developer's proportionate share of the construction of Paving, Storm and Street Light Improvements, a portion of which is within West Everman Parkway between Union Pacific Rail and Cameron Hill Pt, as shown on Exhibit A; and WHEREAS, in lieu of the Developer, pursuant to the CFA, constructing those certain improvements for Southland Business Park Paving, Storm Drain and Street Light improvements within West Everman between Union Pacipfic Rail and Cameron Hill Pt. , as shown on Exhibit B, B-1, C (the "Improvement"), City will instead construct the Improvement(s) as part of Future Improvement Southland Business Park work ("Work"), with Developer contributing those funds it would have spent to construct the Improvement and the City performing the Work at a later time; and WHEREAS, Developer desires to provide to the City funds in the amount of $590,200.54 ("Developer Funds") for the City to construct the Improvement as part of the Work; and WHEREAS, The City agrees to accept the Developer Funds and to construct the Improvement; and WHEREAS, the determination of the amount of Developer's Funds is not an assessment pursuant to Chapter 313 of the Texas Transportation Code; NOW THEREFORE, in consideration of the above recitals, incorporated herein for all purposes, City and Developer, acting by and through their duly authorized representatives, do hereby agree as follows: 1. The City may construct (or cause to be constructed) the Improvement at a time convenient to the City provided that adequate public funds, including the Developer Funds, for construction of the Improvement are secured. OFFICIAL R ECORD CITY SECR FT. WORTH, Developer Funding Agreement—Southland Business Park CFA Page 1 of 4 2. Concurrently herewith, Developer has paid to the City the amount of $590,200.54, such Developer Funds, the Developer and City agree, are the entire amount of Developer's contribution for the cost to construct the Improvements. By accepting the Funds and by execution of this Agreement, City agrees that the Developer will have no further obligation to pay any amounts in addition to the Developer Funds or take any further action with regard to the construction of the Improvement, even if (a) the actual costs to construct the Improvement exceeds the costs expected by the City as of the date of this Agreement, (b) the specifications, composition, or other characteristics of the Improvement hereafter change for any reason, (c) a mistake has been made (mutual or unilateral) in computing the costs of the Improvement or otherwise, or (d) the costs or scope of the Improvement change for any reason. 3. This Agreement shall be binding upon and inure to the benefit of the City and Developer and their respective successors and assigns. This Agreement, together with any exhibits attached hereto, constitutes the entire agreement between the parties hereto, and may not be amended except by a writing signed by all parties and dated subsequent to the date hereof. 4. The City will use its best reasonable efforts to construct the Improvement without undue delay, but City's construction will be subject to i City, securing the additional funding which may be necessary to fully construct the Work. Developer Funding Agreement—Southland Business Park CFA Page 2 of 4 Executed by each party's duly designated and authorized representative; effective as of the date subscribed by the City's designated Assistant City Manager. CITY OF FORT WORTH DEVELOPER: Fort Worth Everman/Risinger Development,LLC, a Texas limited liability company By: Majestic-Everman Investor,LLC a Delaware limited liability company, its Managing Member By: Majestic Realty Co., a California corporation, Manager's Agent En kyARD P, ROS (9R EDWARD P.ROSKI JR(Mar 17,2020) Dana Burghdoff Edward P. Roski Jr. Assistant City Manager President and Chairman of the Board DzBurMghdoff a�,2 Mar 17,2020 Date Date ATTEST: �pRT y�0 rvta" 1, rcacrse� Mary J.Kayser(Marl ,2020) �7 •S X. Mary J. Kayser v Ir City Secretary Contract Compliance Manager APPROVED AS TO FORM By signing, I acknowledge that I am the person responsible for the monitoring and administration of this contract, including ensuring 90M all performance and reporting requirements. DBlack(Mar 17,2020) Tanio 50111Klett Morales Janie Scarlett Morales(Mar 17,2020) Janie S. Morales Douglas W. Black Development Manager Sr. Assistant City Attorney I. E a11 1rn vC:: kZECOP " CITY SECRETARY Developer Funding Agreement—Southland Business Park CFA Page 3 of 4 FT. WORTH,TX Kimley-Horn&Associates, Inc. OPCC-Fee Estimate Client: Fort Worth Everman/Risinger Development,LLC Date: 2/17/2020 Project: Southland Business Park-W Everman Pk NCO-L2-TO-NTMS-PO-BOP 110 Prepared By: BDM Title: Everman Parkway Adjacent to Lot 1,Block 1 -1,028 LF Sheet: 1 of 1 Bidlist Specification Section Unit of Bid Item No. Description No. Measure Quantity Unit Price Bid Value EXHIBIT B:PAVING IMPROVMENTS 1 3110.0102 6"-12"Tree Removal 31 1000 EA 10 $557.06 $5,570.60 2 3123.0101 Unclassified Excavation by Plan 31 2316 CY 1,800 $13.20 $23,760.00 3 3125.0101 SWPPP >_1 acre 31 2500 LS 1 $6,663.13 $6,663.13 4 3211.0400 Hydrated Lime 36 Ibs/SY 3211 29 TN 50 $154.15 $7,707.50 5 3211.0502 8"Lime Treatment 3211 29 SY 2,762 $3.63 $10,026.06 6 3213.0104 9"Conc Pvmt 32 13 13 SY 2,630 $84.39 $221,945.70 7 3213.0301 4"Conc Sidewalk 32 13 20 SF 10,270 $5.41 $55,560.70 8 3217.0003 4"BRK Pvmt Markin HAS W 32 17 23 LF 1,028 $2.05 $2,107.40 9 3291.0100 Topsoil 3291 19 CY 730 $22.66 $16,541.80 10 3292.0400 Seeding,Hydromulch 32 92 13 SY 4,400 $1.18 $5,192.00 11 3471.0001 Traffic Control 13471 13 MO 2 $3,768.26 $7,536.52 12 0241.0500 Remove Fence 10241 13 LF 40 $6.83 $273.20 PAVING IMPROVEMENTS SUBTOTAL:1 $362,884.61 EXHIBIT B-1:STORM DRAIN IMPROVMENTS 1 3305.0109 Trench Safety 33 05 10 LF 1 3601 $1.12 $403.20 2 3341.0205 24"RCP,Class III 13341 10 LF 60 $67.49 $4,049.40 3 3341.0208 27"RCP,Class III 13341 10 LF 300 $84.21 $25,263.00 4 3349.6001 15'Recessed Inlet 1334920 EA 2 $4,833.21 $9,666.42 STORM DRAIN IMPROVEMENTS SUBTOTAL: $39,382.02 EXHIBIT C:STREET LIGHTING IMPROVMENTS 1 3441.3201 LED Lighting Fixture 3441 20 EA 4 $973.67 $3,894.68 2 3441.1629 Type 22B Arm 34 41 20 EA 4 $1,000.00 $4,000.00 3 3441.3340 Rdwy Illum TY 8 Pole 3441 20 EA 4 $4,833.33 $19,333.32 4 2605.3015 2"CONDT PVC SCH 80 T 26 05 33 LF 1,028 $6.82 $7,010.96 5 2605.0111 Furnish/Install Elec Sery Pedestal 26 05 00 EA 1 $5,354.00 $5,354.00 6 3441.1409 NO 8 Insulated Elec Condr 3441 10 LF 1,028 $2.63 $2,703.64 7 13441.1502 Ground Box Type B,w/Apron 13441 10 1 EA 1 2 $435.571 $871.14 STREET LIGHTING IMPROVEMENTS SUBTOTAL:1 $43,167.74 PAVING IMPROVEMENTS SUBTOTAL: $362,884.61 STORM DRAIN IMPROVEMENTS SUBTOTAL: $39,382.02 STREET LIGHTING IMPROVEMENTS SUBTOTAL: $43,167.74 INSPECTION&MATERIAL TESTING FEES(6%):l $26,726.06 CONTINGENCY(25%)71 $118,040.11 W. EVERMAN PARKWAY TOTAL COST: $590,200.54 This Engineer's opinion of probable construction cost is made on the basis of the Engineer's experience and best judgement as a design professional. It must be recognized that any evaluation 1. of work to be performed to constrcut this project must by necessity be speculative in nature until completion offs actual detailed design. In addition,the Engineer has not control over the cost of labor material or services to be furnished by others or over market conditions. 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