HomeMy WebLinkAboutContract 51399-A1 Date Received: Mar 20, 2020 City Secretary
Time Received: "' AM Number: 51399-A1
FIRST AMENDMENT TO CITY SECRETARY CONTRACT NUMBER 51399
A COMMUNITY FACILITIES AGREEMENT AND COMPLETION AGREEMENT
BETWEEN THE CITY OF FORT WORTH
AND CRYSTAL LAKE DEVELOPMENT, LLC
This FIRST AMENDMENT TO CITY SECRETARY CONTRACT NUMBER
51399 ("First Amendment") is made and entered into by and between the City of Fort Worth
("City"), a home-rule municipal corporation of the state of Texas, and Crystal Lake
Development, LLC ("Developer), a Texas limited liability company.
WHEREAS, the City and Developer entered into a Community Facilities Agreement
for the construction of public infrastructure improvements for a Project know as Marine Creek
Ranch Section 13 ("CFA"); and
WHEREAS, Developer provided a Completion Agreement as the financial guarantee
for the Project("Completion Agreement"); and
WHEREAS, the CFA and the Completion Agreement are filed with the City Secretary
as City Secretary Contract Number 51399; and
WHEREAS, Developer desires to replace the Completion Agreement with a cash
escrow as the financial guarantee for the remaining improvements to be constructed pursuant
to the CIA;
NOW THEREFORE, City and Developer, acting herein by and through their duly
authorized representatives, enter into the following agreement, which amends City Secretary
Contract No. 51399:
1.
The CIA is amended to add Section S. to be and read as follows:
S. Developer has delivered to the City a cash escrow in the amount of
$346,926.81, guaranteeing Developer's obligation to complete construction of the
remaining Improvements and pay all contractors and material suppliers. City and
Developer agree that the Developer may replace the Completion Agreement with
the cash escrow as the financial guarantee for the remaining Improvements.
fOFFICIAL REC Ri)
SECi3C-rARVCity of Fort Worth,Texas WORTH,, rx
Amendment No. 1 to City Secretary Contract No. 51399
Page I of 3
2.
The Completion Agreement is terminated and the City will release the hold on the final
plat related to the construction of the Community Facilities.
3.
a. All other provisions of City Secretary Contract Number 51399 which are not expressly
amended herein, shall remain in full force and effect.
b. AlI terms in this First Amendment that are capitalized, but not defined, shall have the
meanings ascribed to those terms in City Secretary Contract Number 51399.
REMAINDER OF PAGE TO REMAIN BLANK
City of Fort Worth,Texas
Amendment No. 1 to City Secretary Contract No. 51399
Page 2 of 3
IN TESTIMONY WHEREOF, the City and Developer have executed this First
Amendment to be effective on the date signed by the City's Assistant City Manager.
CITY OF FORT WORTH DEVELOPER
Crystal Lake Development, LLC
amm�uvgde
Dana Burgh,!A(M r18,202 `
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Dana Burghdoff John Cockerham(Mar 17,2020)
Assistant City Manager John Cockerham
Manager
Date: Mar 18, 2020
Date: Mar 17, 2020
Recommended by:
Jen er -k(Mar 1T,3020)
Evelyn Roberts/Jennifer Ezernack
Project Assistant
Planning and Development
Approved as to Form &Legality:
Rschard X McCracken(Mar 18.2020)
Richard A. McCracken
Sr. Assistant City Attorney
M&C No. N/A Contract Compliance Manager:
Date: Mar A,2bO By signing, I acknowledge that I am the
Form 1295: NIA person responsible for the monitoring and
}q �, P administration of this contract, including all
ATTEST:
-�� performance and reporting requirements.
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.� ranee-SaarleffMorgles
May.TKe�= �4 ¢ Janie Scarleft Morales(Marla,2020)
MaryJ.l(aMr(Mar19,2a2o)� B •� S
Mar J. Kayser 1 t Name: Janie Scarlett Morales
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City Secretary Title: Development Manager
OFFICIAL RECORD
City of Fort Worth, Texas 01-Y SECRETARY
Amendment No. 1 to City Secretary Contract No. 51399 F`. WORTH, TX
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