HomeMy WebLinkAboutContract 53866 M
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c�����y TRANSPORTATION IMPACT FEE CREDIT AGREEMENT
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THIS TRANSPORTATION IMPACT FEE CREDIT AGREEMENT (the
"Agreement") is made and entered into effective as of the Effective Date (as defined
below),by and among THE CITY OF FORT WORTH,TEXAS (the"City"),a Texas home
rule municipal corporation, and PB Ventana 1, LLC, a Texas limited liability company
authorized to do business in Texas (the"Owner") (the City and the Owner a"Party",and
collectively, the "Parties").
RECITALS
WHEREAS,the Owner is the owner of approximately 471 acres in Tarrant County,
Texas, as described by metes and bounds in Exhibit"A" (the "Property") located within
the corporate boundaries of the City. A map of the Property showing its location is
attached hereto as Exhibit"B"; and
WHEREAS, the Owner desires to proceed with development of the Property as
described or illustrated on the Development Plan, attached hereto as Exhibit"C",which
identifies the on-site and/or off-site transportation facilities necessary for serving full
development of the Property; and
WHEREAS, the City has adopted a Transportation Impact Fee program pursuant
to Texas Local Government Code Chapter 395, codified in City Code Chapter 30, Article
VIII, et seq., as amended,under which impact fees are imposed on new development for
impacts to the City's transportation facilities as a result of said development; and
WHEREAS,transportation impact fees are collected and must be spent by the City
on impact fee eligible transportation facilities identified within the City's adopted
Transportation Improvements Plan ("TIP"), as amended, within the service area(s) in
which the new development is located; and
WHEREAS, the Impact Fee Program provides for credits against impact fees for
dedication of right-of-way and/or construction of transportation improvements
identified as impact fee eligible on the adopted TIP; and
WHEREAS, the Property is located within service area V;and
WHEREAS, the City has determined the maximum transportation impact fees to
be assessed against new development within service area V to be $3,269 per service unit
(vehicle-miles of demand); and
OFFOAL RED' �a
C�I`�N SECRETARY
Transportation Impact Fee Credit Agreement—CA-19-003
Ventana Agreement Version 02.19
WHEREAS,certain transportation facilities depicted on Exhibit"D"are identified
as impact fee eligible within the City's adopted TIP and therefore eligible for impact fee
credit; and
WHEREAS, Owner has agreed to dedicate the right-of-way and/or constructed
the transportation improvements shown on Exhibit "D" for which credits against
transportation impact fees shall be granted; and
WHEREAS, the Owner has received the following concept plan and preliminary
plat approvals:
Ventana, CP-15-004, PP-015-036 and PP-18-064; and
WHEREAS, the Owner received approval for construction plans, executed
Community Facilities Agreements, and obtained final acceptance by the City for the
following:
Veale Ranch Pkwy, City Project 100076.
NOW, THEREFORE, for and in consideration of the mutual agreements,
covenants, and conditions contained herein, and other good and valuable consideration,
the City and the Owner hereby covenant and agree as follows:
1. Recitals. The recitals contained in this Agreement are true and correct as of
the Effective Date and form the basis upon which the Parties negotiated and entered into
this Agreement.
2. Transportation Improvements. Owner agrees to dedicate the rights-of-way
for and/or construct the system facilities identified in Exhibit "D". For any
transportation improvement which has been previously dedicated or constructed by
Owner on the Property and accepted by the City prior to execution of this Agreement,
the improvement shall be identified as completed on Exhibit"D".
3. Credits. The Parties agree that the estimated value of the credits for each
transportation improvement, expressed in current dollars, shall be as set forth in
Exhibit"E". The value of credits associated with the improvements first shall be reduced
by the Schedule 2 impact fee associated with any lot for which a building permit has
previously been issued, and the net value of credits shown on Exhibit "E" shall be
considered as exact.
4. Phasing. The Parties acknowledge that, where it is anticipated that the
project will be developed in phases, the anticipated construction of improvements by
phase shall be as depicted in Exhibit "D", which is attached hereto and incorporated
herein by reference.
Transportation Impact Fee Credit Agreement—CA-19-003 Page 2 of 22
Ventana Agreement Version 02.19
5. Allocation of Credits by Phase. The general allocation of credits to each
phase of the development shall be as shown on Exhibit"F",which is attached hereto and
incorporated herein by reference. The Parties agree that the credits identified in this
Agreement shall not be deemed to have been created until the system facility for which
credit is to be granted has been dedicated and accepted (in the case of right-of-way) or
constructed through an executed Community Facilities Agreement and final acceptance
by the City has been obtained. The Parties further agree that, prior to the application of
a credit against transportation impact fees otherwise due for any unit of development;
the following events shall take place:
(a) The number of credits resulting from such improvement has been
valued; and
(b) Concurrent with final plat approval, a credit allocation shall be
provided by the developer for the phase of development to which the credit is to be
applied,which allocation may either assign the credit,expressed in dollars,to each finally
platted lot or may create a credit-pool to be utilized by that phase of development.
6. Term and Effective Date. The term of this Agreement shall be ten(10)years
from its Effective Date.
7. Agreement to Run with the Land. Owner shall have the right to assign
this Agreement to any person or entity ("Owner's Assignee") with the written consent of
the City, provided: (a) the assignment is in writing executed by the Owner and its
assignee;and (b) the assignment incorporates this Agreement by reference and binds the
Owner's Assignee to perform (to the extent of the obligations assigned) in accordance
with this Agreement. Each Owner's Assignee shall become a Party to this Agreement
upon the execution of such assignment. In no event may this Agreement be construed
to authorize assignment of any credits attributable to a system facility to be dedicated or
constructed hereunder for use outside the boundaries of the Property.
8. Amendment. This Agreement shall not be modified or amended except as
follows:
(a) Any amendment or modification to this Agreement or any Exhibit or
schedule hereto shall be in writing and signed by the Parties.
(b) Any revision, amendment, or modification to this Agreement, the
Development Plan, or any Exhibit or schedule thereto, shall become
effective on the date executed by the Parties or,as applicable,upon the date
of approval by the City Council or designated city official.
Transportation Impact Fee Credit Agreement—CA-19-003 Page 3 of 22
Ventana Agreement Version 02.19
9. Exhibits. The exhibits attached to this Agreement are incorporated as part
of this Agreement for all purposes as if set forth in full in.the body of this Agreement.
IN WITNESS WHEREOF, the undersigned parties have executed this Agreement to be
effective as of the date subscribed by the City's Assistant City Manager.
CITY OF FORT WORTH,TEXAS OWNER
PB Ventana 1,LLC
a Texas limited liability
Dana Burghdoff(May 4,202gl By: PB Ventana Manager,LLC
Dana Burghdoff Its manager
Assistant City Manager
Date: May4,2020
K. Taylor Baird
Recommended By: Manager
DT ffa o/
DJ Harrell(Apr30,2020)
D.J. Harrell
Interim Director,Development Services
Approved as to Form and Legality:
Aw-
Mack(May 4,2020)
Douglas Black City Contract Compliance Manager:
Assistant City Attorney
M&C: None required By signing, I acknowledge that I am the
Form 1295:None required person responsible for the monitoring and
< z, , administration of this contract, including
�r- F 0,r '_; ensuring all performance and reporting
ATTEST: ' - . . A A.. requirements.
al4t
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,i Julie M.Westerman(Apr 27,2020)
Mary J.Kayser Julie Westerman
City Secretary Graduate Engineer
OFFOCIA.L RECORD
C9TY SECRETARY
Transportation Impact Fee Credit Agreement—CA-19-003 FT, 4 2` X
Ventana Agr4moL
}
EXHIBIT LIST
"A" Description of the Property
"B" Map of Property
"C" Development Plan
"D" Eligible Transportation Improvements
"E" Credits Against Transportation Impact Fees
"F" Allocation of Credits
Transportation Impact Fee Credit Agreement—CA-19-003 Page 5 of 22
Ventana Agreement Version 02.19
EXHIBIT A
Description of Property
BEING A 191.349 ACRE TRACT OF LAND SITUATED IN THE ELIZABETH LANGSTON
SURVEY, ABSTRACT NO. 988, THE T.F. ROGERS SURVEY, ABSTRACT NO. 1357, THE
EDWARD TAYLOR SURVEY, ABSTRACT NO. 1560 AND THE D.T. FINLEY SURVEY,
ABSTRACT NO. 1903, CITY OF FORT WORTH, TARRANT COUNTY, TEXAS AND
BEING PART OF A 1214.617 ACRE TRACT OF LAND CONVEYED TO JOHNNY
HAMPTON (BUD)VINSON II AND CHERYL R. VINSON, AS RECORDED IN COUNTY
CLERK'S FILE NO. D204159103, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY,
TEXAS. SAID 191.349 ACRE TRACT, WITH REFERENCE BEARING BASIS BEING GRID
NORTH, TEXAS STATE PLANE COORDINATES,NORTH CENTRAL ZONE,NAD83
(NAD83 (2011) EPOCH 2010), DETERMINED BY GPS OBSERVATION, CALCULATED
FROM DALLAS CORS ARP (PID-DF8984) AND ARLINGTON RRP2 CORS ARP (PID-
DF5387), AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS
AS FOLLOWS:
COMMENCING AT A 1/2 INCH IRON ROD WITH CAP STAMPED "FULTON" FOUND
FOR THE SOUTHEAST CORNER OF A 117.198 ACRE TRACT OF LAND, CONVEYED
TO PB VENTANA 1, LLC., AS RECORDED IN COUNTY CLERK'S FILE NO. D215129625,
OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS, THE SOUTHWEST
CORNER OF THE REMAINDER OF A 38.910 ACRE TRACT OF LAND CONVEYED TO
SJ ROLLING HILLS DEVELOPMENT, LP, AS RECORDED IN COUNTY CLERK'S FILE
NO. D203176403, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS, THE
NORTHWEST CORNER OF A 24.308 ACRE TRACT OF LAND CONVEYED TO TEXAS
ELECTRIC SERVICE COMPANY, AS RECORDED IN VOLUME 5428, PAGE 543,
OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS, SAID POINT BEING ON
THE EAST LINE OF SAID 1214.617 ACRE TRACT;
THENCE, SOUTH 60 DEGREES 58 MINUTES 38 SECONDS WEST, OVER AND ACROSS
SAID 1214.617 ACRE TRACT AND ALONG THE SOUTH LINE OF SAID 117.198 ACRE
TRACT, A DISTANCE OF 1613.31 FEET TO A 5/8 INCH IRON ROD WITH CAP
STAMPED `BURY"FOUND FOR THE SOUTHWEST CORNER OF SAID 117.198 ACRE
TRACT AND THE SOUTHEAST CORNER OF A 162.310 ACRE TRACT OF LAND
CONVEYED TO PB LONG TERM HOLD 1, LP, AS RECORDED IN COUNTY CLERK'S
FILE NO. D215129626, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS,
SAID POINT BEING THE POINT OF BEGINNING;
THENCE, OVER AND ACROSS SAID 1214.617 ACRE TRACT, THE FOLLOWING
COURSES AND DISTANCES:
SOUTH 18 DEGREES 44 MINUTES 17 SECONDS EAST, A DISTANCE OF 304.90
FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
SOUTH 79 DEGREES 56 MINUTES 47 SECONDS EAST, A DISTANCE OF 361.22
FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
SOUTH 71 DEGREES 58 MINUTES 13 SECONDS EAST, A DISTANCE OF 363.76
FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED
Transportation Impact Fee Credit Agreement—CA-19-003 Page 6 of 22
Ventana Agreement Version 02.19
"JACOBS" SET FOR CORNER AND THE BEGINNING OF A NON-TANGENT
CURVE TO THE LEFT HAVING A CENTRAL ANGLE OF 22 DEGREES 29
MINUTES 15 SECONDS, A RADIUS OF 510.00 FEET AND A LONG CHORD THAT
BEARS SOUTH 50 DEGREES 13 MINUTES 04 SECONDS EAST, A DISTANCE OF
198.88 FEET;
ALONG SAID NON-TANGENT CURVE TO THE LEFT, AN ARC DISTANCE OF
200.17 FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
SOUTH 33 DEGREES 15 MINUTES 17 SECONDS EAST, A DISTANCE OF 676.14
FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
SOUTH 00 DEGREES 21 MINUTES 59 SECONDS EAST, A DISTANCE OF 984.33
FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
SOUTH 89 DEGREES 38 MINUTES 01 SECONDS WEST, A DISTANCE OF 30.00
FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
SOUTH 00 DEGREES 21 MINUTES 59 SECONDS EAST, A DISTANCE OF 100.00
FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
SOUTH 89 DEGREES 38 MINUTES 01 SECONDS WEST, A DISTANCE OF 955.41
FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
SOUTH 46 DEGREES 56 MINUTES 31 SECONDS WEST, A DISTANCE OF 1061.55
FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
SOUTH 14 DEGREES 56 MINUTES 25 SECONDS WEST, A DISTANCE OF 122.85
FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
SOUTH 32 DEGREES 45 MINUTES 42 SECONDS EAST, A DISTANCE OF 102.90
FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
SOUTH 60 DEGREES 24 MINUTES 29 SECONDS WEST, A DISTANCE OF 780.16
FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
WEST, A DISTANCE OF 628.83 FEET TO A 5/8 INCH IRON ROD WITH YELLOW
PLASTIC CAP STAMPED "JACOBS" SET FOR CORNER;
NORTH 07 DEGREES 05 MINUTES 06 SECONDS WEST, A DISTANCE OF 246.75
FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
NORTH 24 DEGREES 54 MINUTES 16 SECONDS WEST, A DISTANCE OF 164.11
FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
SOUTH 89 DEGREES 27 MINUTES 34 SECONDS WEST, A DISTANCE OF 444.34
FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER ON THE WEST LINE OF SAID 1214.617 ACRE
Transportation Impact Fee Credit Agreement—CA-19-003 Page 7 of 22
Ventana Agreement Version 02.19
TRACT AND THE EAST LINE OF A 3893.555 ACRE TRACT OF LAND
CONVEYED TO IONA LAND L.P., ET AL, AS RECORDED IN COUNTY CLERK'S
FILE NO. D203145630, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY,
TEXAS, FROM WHICH A 1 INCH IRON ROD FOUND FOR A NORTHWEST ELL
CORNER OF SAID 1214.617 ACRE TRACT AND A SOUTHEAST CORNER OF
SAID 3893.555 ACRE TRACT BEARS SOUTH 00 DEGREES 32 MINUTES 29
SECONDS EAST, A DISTANCE OF 722.55 FEET;
THENCE,NORTH 00 DEGREES 32 MINUTES 29 SECONDS WEST, ALONG SAID WEST
LINE OF 1214.617 ACRE TRACT AND SAID EAST LINE OF 3893.555 ACRE TRACT, A
DISTANCE OF 1910.63 FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP
STAMPED "JACOBS" SET FOR THE SOUTHWEST CORNER OF AFORESAID 162.310
ACRE TRACT;
THENCE,NORTH 60 DEGREES 58 MINUTES 38 SECONDS EAST, OVER AND ACROSS
SAID 1214.617 ACRE TRACT AND ALONG THE SOUTH LINE OF SAID 162.310 ACRE
TRACT, A DISTANCE OF 2602.98 FEET TO THE POINT OF BEGINNING AND
CONTAINING 191.349 ACRES OF LAND, MORE OR LESS.
AND
BEING A 162.310 ACRE TRACT OF LAND SITUATED IN THE SAN ANTONIO AND
MEXICAN GULF RAILROAD COMPANY SURVEY, ABSTRACT NO. 1479, THE D.T.
FINLEY SURVEY, ABSTRACT NO. 1903, THE T. F. ROGERS SURVEY, ABSTRACT NO.
1357, AND THE E. LANGSTON SURVEY, ABSTRACT NO. 988, CITY OF FORT WORTH,
TARRANT COUNTY, TEXAS, AND BEING A PORTION OF THAT CALLED 1214.617
ACRE TRACT OF LAND DESCRIBED TO JOHNNY HAMPTON(BUD)VINSON II AND
CHERYL R. VINSON IN THE WARRANTY DEED WITH VENDOR'S LIEN RECORDED
IN COUNTY CLERK'S DOCUMENT NUMBER D204159103, OFFICIAL PUBLIC
RECORDS OF TARRANT COUNTY, TEXAS, (O.P.R.T.C.T.), SAID 162.310 ACRE TRACT
OF LAND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
COMMENCING AT A 1/2-INCH IRON ROD WITH YELLOW CAP STAMPED "FULTON
SURVEYING" FOUND FOR THE NORTHEAST CORNER OF SAID 1214.617 ACRE
TRACT OF LAND AND THE MOST EASTERLY SOUTHEAST CORNER OF THE
REMAINING PORTION OF A CALLED 3893.555 ACRE TRACT OF LAND DESCRIBED
TO IONA LAND, L.P. IN THE DEED WITHOUT WARRANTY RECORDED IN COUNTY
CLERK'S DOCUMENT NUMBER D203145633, O.P.R.T.C.T., SAME BEING IN THE WEST
LINE OF LOT 1, BLOCK 1 OF BENBROOK WATER AND SEWER AUTHORITY TANK
SITE, AN ADDITION TO THE CITY OF BENBROOK AND THE CITY OF FORT WORTH
ACCORDING TO THE PLAT THEREOF FIELD FOR RECORD IN CABINET A, SLIDE
4324, PLAT RECORDS OF TARRANT COUNTY, TEXAS, FROM WHICH A 5/8-INCH
IRON ROD WITH YELLOW CAP (UN-LEGIBLE)BEARS NORTH 00°22'06" EAST, A
DISTANCE OF 8.64 FEET FOR THE NORTHWEST CORNER OF SAID LOT 1, BLOCK 1;
THENCE SOUTH 89026'40" WEST ALONG THE NORTH LINE OF SAID 1214.614 ACRE
TRACT OF LAND SAME BEING A SOUTH LINE OF SAID 3893.555 ACRE TRACT OF
LAND, A DISTANCE OF 2211.67 FEET TO A 5/8-INCH IRON ROD WITH YELLOW CAP
STAMPED "BURY" SET FOR THE POINT OF BEGINNING;
Transportation Impact Fee Credit Agreement—CA-19-003 Page 8 of 22
Ventana Agreement Version 02.19
THENCE OVER AND ACROSS SAID 1,214.617 ACRE TRACT OF LAND, THE
FOLLOWING COURSES AND DISTANCES:
SOUTH 15012'39" EAST, A DISTANCE OF 951.73 FEET TO A 5/8-INCH IRON ROD
WITH YELLOW CAP STAMPED "BURY" SET FOR CORNER;
SOUTH 0001 F10" EAST, A DISTANCE OF 457.40 FEET TO A 5/8-INCH IRON ROD
WITH YELLOW CAP STAMPED "BURY" SET FOR CORNER;
SOUTH 18044'18" EAST, A DISTANCE OF 1756.80 FEET TO A 5/8-INCH IRON
ROD
WITH YELLOW CAP STAMPED "BURY" SET FOR CORNER IN THE
NORTHWESTERLY LINE OF THAT CERTAIN 300-FOOT WIDE TEXAS
ELECTRIC
SERVICE COMPANY EASEMENT AND RIGHT-OF-WAY DESCRIBED BY DEED
RECORDED IN VOLUME 5335, PAGE 79, DEED RECORDS OF TARRANT
COUNTY,
TEXAS FROM WHICH A 1/2-INCH WITH YELLOW CAP STAMPED "FULTON
SURVEYING" FOUND BEARS NORTH 60058'29" EAST A DISTANCE OF 271.07
FEET;
THENCE SOUTH 60058'29"WEST ALONG SAID NORTHWESTERLY LINE, A
DISTANCE OF 2603.28 FEET TO A 1/2-INCH IRON ROD FOUND FOR THE POINT OF
INTERSECTION OF SAID NORTHWESTERLY LINE WITH THE COMMON LINE OF
SAID 1214.617 ACRE TRACT OF LAND AND SAID 3893.555 ACRE TRACT OF LAND,
FROM WHICH A 1-INCH IRON ROD FOUND FOR AN ELL CORNER IN SAID COMMON
LINE, BEARS SOUTH 00032'18" EAST, A DISTANCE OF 2633.07 FEET;
THENCE NORTH 00032'18"WEST ALONG SAID COMMON LINE, A DISTANCE OF
4288.20 FEET TO A 7/8-INCH ROD FOUND FOR THE NORTHWEST CORNER OF SAID
1214.617 ACRE TRACT OF LAND AND AN ELL CORNER OF SAID 3893.555 ACRE
TRACT OF LAND;
THENCE NORTH 89026'40" EAST CONTINUING ALONG SAID COMMON LINE, A
DISTANCE OF 1,501.14 FEET TO THE POINT OF BEGINNING;
CONTAINING A COMPUTED AREA OF 7,070,217 SQUARE FEET OR 162.310 ACRES OF
LAND.
AND
BEING A 117.198 ACRE TRACT OF LAND SITUATED IN THE SAN ANTONIO AND
MEXICAN GULF RAILROAD COMPANY SURVEY, ABSTRACT NO. 1479, THE
EDWARD TAYLOR SURVEY, ABSTRACT NO. 1560, THE D.T. FINLEY SURVEY,
ABSTRACT NO. 1903, AND THE ELIZABETH LANGSTON SURVEY, ABSTRACT NO.
Transportation Impact Fee Credit Agreement—CA-19-003 Page 9 of 22
Ventana Agreement Version 02.19
988, CITY OF FORT WORTH, TARRANT COUNTY, TEXAS, AND BEING A PORTION OF
THAT CALLED 1214.617 ACRE TRACT OF LAND DESCRIBED TO JOHNNY HAMPTON
(BUD)VINSON I1 AND CHERYL R. VINSON IN THE WARRANTY DEED WITH
VENDOR'S LIEN RECORDED IN COUNTY CLERK'S DOCUMENT NUMBER
D204159103, OFFICIAL PUBLIC RECORDS OF TARRANT COUNTY, TEXAS,
(O.P.R.T.C.T.), SAID 117.198 ACRE TRACT OF LAND BEING MORE PARTICULARLY
DESCRIBED AS FOLLOWS:
BEGINNING AT A 1/2-INCH IRON ROD WITH YELLOW CAP STAMPED "FULTON
SURVEYING" FOUND FOR THE NORTHEAST CORNER OF SAID 1214.617 ACRE
TRACT OF LAND AND THE MOST EASTERLY SOUTHEAST CORNER OF THE
REMAINING PORTION OF A CALLED 3,893.555 ACRE TRACT OF LAND DESCRIBED
TO IONA LAND, L.P. IN THE DEED WITHOUT WARRANTY RECORDED IN COUNTY
CLERK'S DOCUMENT NUMBER D203145633, O.P.R.T.C.T., SAME BEING IN THE WEST
LINE OF LOT 1, BLOCK 1 OF BENBROOK WATER AND SEWER AUTHORITY TANK
SITE, AN ADDITION TO THE CITY OF BENBROOK AND THE CITY OF FORT WORTH
ACCORDING TO THE PLAT THEREOF FIELD FOR RECORD IN CABINET A, SLIDE
4324, PLAT RECORDS OF TARRANT COUNTY, TEXAS, FROM WHICH A 5/8-INCH
IRON ROD WITH YELLOW CAP (UN- LEGIBLE)BEARS NORTH 00-22.06" EAST, A
DISTANCE OF 8.64 FEET FOR THE NORTHWEST CORNER OF SAID LOT 1, BLOCK 1;
THENCE SOUTH 00022'06" EAST ALONG THE COMMON LINE OF SAID 1214.617 ACRE
TRACT OF LAND AND SAID LOT I, BLOCK I, PASSING AT A DISTANCE OF 141.32
FEET A 5/8-INCH IRON ROD WITH YELLOW CAP (UN-LEGIBLE)FOUND AT THE
SOUTHWEST CORNER OF SAID LOT I, BLOCK 1, SAME BEING THE MOST
WESTERLY NORTHWEST CORNER OF THAT CALLED 38.910 ACRE TRACT OF LAND
DESCRIBED TO SJ ROLLING HILLS DEVELOPMENT LP IN THE SPECIAL WARRANTY
DEED RECORDED IN COUNTY CLERK'S FILE NUMBER D203176403, O.P.R.T.C.T.,
CONTINUING ALONG THE COMMON LINE OF SAID 1214.617 ACRE TRACT OF LAND
AND SAID 38.910 ACRE TRACT OF LAND IN ALL FOR A DISTANCE OF 2278.20 FEET
TO A 1/2-INCH IRON ROD WITH YELLOW CAP STAMPED "FULTON SURVEYING"
FOUND FOR THE POINT OF INTERSECTION OF SAID COMMON LINE WITH THE
NORTHWESTERLY LINE OF THAT CERTAIN 300-FOOT WIDE TEXAS ELECTRIC
SERVICE COMPANY EASEMENT AND RIGHT-OF-WAY DESCRIBED BY DEED
RECORDED IN VOLUME 5335, PAGE 79, DEED RECORDS OF TARRANT COUNTY,
TEXAS, FROM WHICH A BRASS MONUMENT FOUND IN THE NORTHERLY RIGHT-
OF-WAY OF US HIGHWAY 377 (A VARIABLE WIDTH PUBLIC RIGHT-OF-WAY)
BEARS SOUTH 00022'06" EAST, A DISTANCE OF 7203.72 FEET, SAME BEING THE
SOUTHEAST CORNER OF SAID 1214.617 ACRE TRACT OF LAND;
THENCE SOUTH 60058'29" WEST ALONG SAID NORTHWESTERLY LINE, AT A
DISTANCE OF 1342.21 FEET PASSING A 1/2-INCH IRON ROD WITH YELLOW CAP
STAMPED "FULTON SURVEYING" FOUND, CONTINUING IN ALL FOR A DISTANCE
OF 1613.28 FEET TO A 5/8-INCH IRON ROD WITH YELLOW CAP STAMPED "BURY"
SET FOR CORNER;
THENCE OVER AND ACROSS SAID 1,214.617 ACRE TRACT OF LAND, THE
FOLLOWING COURSES AND DISTANCES:
NORTH 18044'18" WEST, A DISTANCE OF 1,756.80 FEET TO A 5/8-INCH IRON
ROD WITH YELLOW CAP STAMPED "BURY" SET FOR CORNER;
Transportation Impact Fee Credit Agreement—CA-19-003 Page 10 of 22
Ventana Agreement Version 02.19
NORTH 00011'10" WEST, A DISTANCE OF 457.40 FEET TO A 5/8-INCH IRON
ROD WITH YELLOW CAP STAMPED "BURY" SET FOR CORNER;
NORTH 15012'39" WEST, A DISTANCE OF 951.73 FEET TO A 5/8-INCH IRON
ROD WITH YELLOW CAP STAMPED "BURY" SET FOR CORNER IN THE
NORTH LINE OF SAID 1,214.617 ACRE TRACT OF LAND SAME BEING A AND
THE SOUTH LINE OF SAID 3,893.555 ACRE TRACT OF LAND AND FROM
WHICH A 7/8-INCH ROD FOUND FOR THE NORTHWEST CORNER OF SAID
1214.617 ACRE TRACT OF LAND BEARS SOUTH 89026'40" WEST A DISTANCE
OF 1,501.14 FEET;
THENCE NORTH 89026'40" EAST ALONG THE COMMON LINE OF SAID 1,214.617
ACRE TRACT OF LAND AND SAID 3,893.555 ACRE TRACT OF LAND, A DISTANCE OF
2,211.67 FEET TO THE POINT OF BEGINNING;
CONTAINING A COMPUTED AREA OF 5,105,165 SQUARE FEET OR 117.198 ACRES OF
LAND.
AND
BEING A 21.204 ACRE TRACT OF LAND SITUATED IN THE ELIZABETH LANGSTON
SURVEY, ABSTRACT NO. 988, THE EDWARD TAYLOR SURVEY, ABSTRACT NO. 1560
AND THE D.T. FINLEY SURVEY, ABSTRACT NO. 1903, CITY OF FORT WORTH,
TARRANT COUNTY, TEXAS AND BEING PART OF A 1214.617 ACRE TRACT OF LAND
CONVEYED TO JOHNNY HAMPTON (BUD)VINSON II AND CHERYL R. VINSON, AS
RECORDED IN COUNTY CLERK'S FILE NO. D204159103, OFFICIAL PUBLIC
RECORDS, TARRANT COUNTY, TEXAS. SAID 21.204 ACRE TRACT, WITH
REFERENCE BEARING BASIS BEING GRID NORTH, TEXAS STATE PLANE
COORDINATES,NORTH CENTRAL ZONE, NAD83 (NAD83 (2011) EPOCH 2O10),
DETERMINED BY GPS OBSERVATION, CALCULATED FROM DALLAS CORS ARP
(PID-DF8984)AND ARLINGTON RRP2 CORS ARP (PID-DF5387),.AND BEING MORE
PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS:
BEGINNING AT A 1/2 INCH IRON ROD WITH CAP STAMPED "FULTON" FOUND FOR
THE SOUTHEAST CORNER OF A 117.198 ACRE TRACT OF LAND, CONVEYED TO PB
VENTANA 1, LLC., AS RECORDED IN COUNTY CLERK'S FILE NO. D215129625,
OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS, THE SOUTHWEST
CORNER OF THE REMAINDER OF A 38.910 ACRE TRACT OF LAND CONVEYED TO
SJ ROLLING HILLS DEVELOPMENT, LP, AS RECORDED IN COUNTY CLERK'S FILE
NO. D203176403, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS, THE
NORTHWEST CORNER OF A 24.308 ACRE TRACT OF LAND CONVEYED TO TEXAS
ELECTRIC SERVICE COMPANY, AS RECORDED IN VOLUME 5428, PAGE 543,
OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS, SAID POINT BEING ON
THE EAST LINE OF SAID 1214.617 ACRE TRACT;
THENCE, SOUTH 00 DEGREES 21 MINUTES 59 SECONDS EAST, ALONG SAID EAST
LINE OF 1214.617 ACRE TRACT AND THE WEST LINE OF SAID 24.308 ACRE TRACT,
A DISTANCE OF 341.88 FEET TO A 5/8 INCH IRON ROD WITH CAP STAMPED "BURY"
FOUND FOR THE SOUTHWEST CORNER OF SAID 24.308 ACRE TRACT, SAID POINT
BEING THE NORTHWEST CORNER OF A 9.301 ACRE TRACT OF LAND CONVEYED
Transportation Impact Fee Credit Agreement—CA-19-003 Page 11 of 22
Ventana Agreement Version 02.19
AS "TRACT TWO" TO GBR REALTY, LTD., AS RECORDED IN COUNTY CLERK'S FILE
NO. D205226033, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS AND THE
NORTHEAST CORNER OF A 12.135 ACRE TRACT OF LAND CONVEYED TO GBR
REALTY, LTD., AS RECORDED IN COUNTY CLERK'S FILE NO. D215163941, OFFICIAL
PUBLIC RECORDS, TARRANT COUNTY, TEXAS;
THENCE, SOUTH 60 DEGREES 58 MINUTES 38 SECONDS WEST, OVER AND ACROSS
SAID 1214.617 ACRE TRACT AND ALONG THE NORTH LINE OF SAID 12.135 ACRE
TRACT, A DISTANCE OF 903.22 FEET TO A 5/8 INCH IRON ROD FOUND FOR
CORNER;
THENCE, CONTINUING OVER AND ACROSS SAID 1214.617 ACRE TRACT AND
ALONG THE WEST LINE OF SAID 12.135 ACRE TRACT, THE FOLLOWING COURSES
AND DISTANCES:
SOUTH 29 DEGREES 01 MINUTES 23 SECONDS EAST, A DISTANCE OF 405.83
FEET TO A 5/8 INCH IRON ROD FOUND FOR CORNER AND THE BEGINNING
OF A TANGENT CURVE TO THE LEFT HAVING A CENTRAL ANGLE OF 61
DEGREES 31 MINUTES 56 SECONDS, A RADIUS OF 430.00 FEET AND A LONG
CHORD THAT BEARS SOUTH 59 DEGREES 47 MINUTES 23 SECONDS EAST, A
DISTANCE OF 439.92 FEET;
ALONG SAID TANGENT CURVE TO THE LEFT, AN ARC DISTANCE OF 461.79
FEET TO A 5/8 INCH IRON ROD WITH CAP STAMPED "BURY" FOUND FOR
CORNER;
NORTH 89 DEGREES 26 MINUTES 39 SECONDS EAST, A DISTANCE OF 219.21
FEET TO A 5/8 INCH IRON ROD FOUND FOR THE SOUTHEAST CORNER OF
SAID 12.135 ACRE TRACT, SAID POINT BEING ON THE AFORESAID EAST
LINE OF 1214.617 ACRE TRACT AND THE WEST LINE OF AFORESAID 9.301
ACRE TRACT;
THENCE, SOUTH 00 DEGREES 21 MINUTES 59 SECONDS EAST, CONTINUING
ALONG SAID EAST LINE OF 1214.617 ACRE TRACT, SAID WEST LINE OF 9.301 ACRE
TRACT AND THE WEST LINE OF LOT 2, BLOCK A OF WHITESTONE GOLF COURSE
ADDITION, AN ADDITION TO THE CITY OF BENBROOK, AS RECORDED IN COUNTY
CLERK'S FILE NO. D199145186, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY,
TEXAS, A DISTANCE OF 1669.30 FEET TO A 5/8 INCH IRON ROD WITH YELLOW
PLASTIC CAP STAMPED "JACOBS" SET FOR CORNER, FROM WHICH A 1 INCH IRON
ROD FOUND FOR THE SOUTHEAST CORNER OF SAID 1214.617 ACRE TRACT BEARS
SOUTH 00 DEGREES 21 MINUTES 59 SECONDS EAST, A DISTANCE OF 4179.95 FEET;
THENCE, OVER AND ACROSS SAID 1214.617 ACRE TRACT, THE FOLLOWING
COURSES AND DISTANCES:
SOUTH 89 DEGREES 38 MINUTES 01 SECONDS WEST, A DISTANCE OF 130.00
FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
NORTH 00 DEGREES 21 MINUTES 59 SECONDS WEST, A DISTANCE OF 100.00
Transportation Impact Fee Credit Agreement—CA-19-003 Page 12 of 22
Ventana Agreement Version 02.19
FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
NORTH 89 DEGREES 38 MINUTES 01 SECONDS EAST, A DISTANCE OF 30.00
FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
NORTH 00 DEGREES 21 MINUTES 59 SECONDS WEST, A DISTANCE OF 984.33
FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
NORTH 33 DEGREES 15 MINUTES 17 SECONDS WEST, A DISTANCE OF 676.14
FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER AND THE BEGINNING OF A NON-TANGENT
CURVE TO THE RIGHT HAVING A CENTRAL ANGLE OF 22 DEGREES 29
MINUTES 15 SECONDS, A RADIUS OF 510.00 FEET AND A LONG CHORD THAT
BEARS NORTH 50 DEGREES 13 MINUTES 04 SECONDS WEST, A DISTANCE OF
198.88 FEET;
ALONG SAID NON-TANGENT CURVE TO THE RIGHT, AN ARC DISTANCE OF
200.17 FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
NORTH 71 DEGREES 58 MINUTES 13 SECONDS WEST, A DISTANCE OF 363.76
FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
NORTH 79 DEGREES 56 MINUTES 47 SECONDS WEST, A DISTANCE OF 361.22
FEET TO A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER;
NORTH 18 DEGREES 44 MINUTES 17 SECONDS WEST, A DISTANCE OF 304.90
FEET TO A 5/8 INCH IRON ROD WITH CAP STAMPED "BURY" FOUND FOR
THE SOUTHEAST CORNER OF A 162.310 ACRE TRACT OF LAND CONVEYED
TO PB LONG TERM HOLD 1, LP, AS RECORDED IN COUNTY CLERK'S FILE
NO. D215129626, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS
AND THE SOUTHWEST CORNER OF AFORESAID 117.198 ACRE TRACT;
THENCE,NORTH 60 DEGREES 58 MINUTES 38 SECONDS EAST, CONTINUING OVER
AND ACROSS SAID 1214.617 ACRE TRACT AND ALONG THE SOUTH LINE OF SAID
117.198 ACRE TRACT, A DISTANCE OF 1613.31 FEET TO THE POINT OF BEGINNING
AND CONTAINING 21.204 ACRES OF LAND, MORE OR LESS.
Transportation Impact Fee Credit Agreement—CA-19-003 Page 13 of 22
Ventana Agreement Version 02.19
EXHIBIT B
Map of Property
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Transportation Impact Fee Credit Agreement—CA-19-003 Page 14 of 22
Ventana Agreement Version 02.19
EXHIBIT C
Development Plan
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Transportation Impact Fee Credit Agreement—CA-19-003 Page 15 of 22
Ventana Agreement Version 02.19
EXHIBIT D
Transportation Improvements
Ventana
Credit Agreement
Dedicated and Constructed
Right-of-Way* f
Accepted0 DEAN RANCH .'`•'
'Eligible for Credit Against Y °Transportation impact Fees
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Eligibia Improvements Limits
From Longvue EWvdfar
Veal Ranch Fkwy approximately 2_9Wfttathe
southwest
Transportation Impact Fee Credit Agreement—CA-19-003 Page 16 of 22
Ventana Agreement Version 02.19
EXHIBIT E
Credits Against Transportation Impact Fees
Net Credit for Ventana
Value of Capacity Provided
City Protect# Eligible Arterial Value
100076 Veale Ranch Pkwy $ 999,854.33
N/A TxDOT Street Access to Veale Ranch Pkwy $ 286,356.60
N/A Right-of-Way Acquisition Costs $ 183,741.80
Value of Existing Demand $ 234,750.00
Net Credit Available $ 1,235,202.73
Capacity Provided by Vealc Ranch Pkwy Improvements CPN 100076
Paving& Pa+rcrnent Markings
Item DESUIPdan UnL Quantity Eligible Unit Price
W Quantity Credit AvaHn ble
1 1(1"C)DNC PVMT SY 8,191 6.6i 2 •11.51 276,9S4.72
2 FULL U£P7H RED-4"-OLOR CONCRETE SY 307 U S 9ij.00
3 FLILL t1EPTH SAND-$UFF COLOR CONCRETE SY 128 65 $ IC-0.00 5 6,500-00
4 s'LIME TRERTMEvNT SY 0 547 7,2.E-6 $ 2.50 5 18,215.00
5 HY DRATM LIM E T N 135 122 5 150.00 $ 18.300.00
6 3- MOUJ1 TAB LE CURB LF 280 0 $ 4_00
7 GARRIE R.F RE E RAM P EA 4 3 750-0❑ 5 2,2So-00
8 HARRIER FREE RAMP EA 2 0 750.00 $
9 MRREEk PREL RAMP EA 2 D $ 21000-DO 5
10 CONST StD 53EET HEAbE:k LF 20 ❑ $ 20-00
11 ERWD VAULIAb1U5YMENT L5 1 1 $ 13W-00 5 3,500-0d
12 RE F L RAE5 ED IVIAM(tk EA 56 0 $ 6-DI) $
13 4'CONC SIDEWALK 5F 21,690 24,830 S 2.25 55.S67.
14 4'SLb PVMT MARKING HAS W LF 94 0 1-So "
15 4'SLID PVMT MARKING HAS LF 2,702 2,415 1-so $ 3 622-50
16 18'51-D PVMT MARKING HAE(W) LF 48 ❑ 6-CO $
17 24"SLID PVMT MARKING HAS IW LF 180 0 $ 8-00 $
18 8'SLE)PVMT MARKING HAS{W) LF 120 ❑ 3-00 $
19 8'SLD PVMT MARKING HA5 LF 369 135 3-E}D $ 405-M
20 LANE LEGEND ARROW EA 2 1 3OQo0 $ �00.01D
21 LAN PLEGEN1)YIELD EA 2 0 M6-00 $
22 1USTALL A1.UhA SIGN GROUND MOUNT EA 22 14 5DO.00 7.000-00
Coriatwt Earthwork for Veale-Ranch�d LS 1 1 $ 70.887-5D 5 70.3S7.50
PaWng Subtotal 5 463,802.22
Transportation Impact Fee Credit Agreement—CA-19-003 Page 17 of 22
Ventana Agreement Version 02.19
Storm Drain
Item b Eligible
Nto-- escrrptlan Unit Quantity Quaraty unit Price Cr2ditAvailable
1 24"RCP LF 97 91 $ 50.D0 5 4,850.0C1
2 21" RCP LF !)3 93 45_00 4,195.00
3 4'X4'BCGXCULVEFC[ LF 190 190 175.00 $ 33,250-00
4 5'X4'BOX CU LVERT LF 260 260 2DD.00 52.DDO.00
5 10'CURB INLF7 EA 2 2 $ 2,60o_Dl7 $ 5,240.00
b 20'CURB INUT EA 1 1 $ 5,200_D 5 20o_00
7 TRENCH SAFETY LF 640 MCI $ 2.131) Lao.00
8 CO N 57 STD CO NC H EADWALL EA 2 2 $ 6 50D_00 $ 13.4Do_00
9 CONST STID HEAVWALL EA 1 1 $ 4 000-00 4.900.00
10 SLOPED HEADWALL EA 3 1 $ 3 00D_00 $ 3,OW-00
11 M001F it 1)PARALLE L Wl NG WA L L EA 1 1 7,50D_00 $ 7.500-00
12 MtDIUMSTONERIPRAP. DRY SY 41)0 400 $ 70_0D $ 28,1300.00
13 4'GRATEiNLET EA 1 I $ 4,50D-Do $ 4,500.00
Trinity Riwer Mitigation Rank purchase of D_9 5 FG, _00
52ctrorl404 Mitigation Credits
Roth n'K Mitigation Bank Credit Purchase 5 92,13E.0C-
A reerngnt
Storm GOirl5ubtatal $ 274.903.00
Street Lights
Item Oescriptlon Unit quantity Eligible UnitPr1re
NO. Quanti ty Credit Available
1 FURNLSHjlNSTALL2404W VOLT SINGLE PH EA 1 1 $ 5,50D_t16 $ 5,500.00
TRAN50CKET ME7PREb PED
2 RCIVJY ILLUM ASSEM$LY EA 15 1.3 $ 2,77331 $ 36,053.03
3 RDWY ILLUM A55EMBLY SPECIAL EA 2 1 $ 3,443-69 $ 3,443.69
4 RDWY ILLUM FOUNDATION EA 17 14 $ 2.150-Do $ 16.100.00
5 GROUNb PDX TYPE B W/APRON EA 6 4 $ 475.00 5 1500.00
6 2-2-2-4QUADPILEKALUMELEC CON UUCTOR LF 3,050 2,725 $ 2.50 5 6,812.50
7 N 0 2 INSULATED ELEC CONDR LF 15 15 $ 250 $ 37.50
S 2'CON DT PVC5CH 40 LP 3,065 2,740 5 9.DD 5 24,650.00
5troet Lights Subtotal $ 94 50G_72
Paving 5u btotal $ 461,E D2.22
5tormbraiftSubtotal $ 274,908.00
Street Lights Subtotal $ 94,506_72
CONSTRUCTION SUBTOTAL $ 833,211,94
Other Eiagible items
descriptkin
En irwErin ,Surve in and Material 7estin 20% uS ConArurtian Subtotal $ 166.642.39
Total Value of Capacity Provided $ 999,854.33
Transportation Impact Fee Credit Agreement—CA-19-003 Page 18 of 22
Ventana Agreement Version 02.19
Capacity Provided by Tx DOT Improvements to Chapin School ftd at Veale Ranch Pkwy
Demo,Paving&Pavement Markings
Item EI igihle
[3escri#tion lfnit Quantit}+ Unit Price
Fao. Quanfrty Credit Available
L Rmv Ex Lane legend Arrow fR 1 1 $ 200.00 200.00
2 Rmv Ex L4hite Edge Line Pvmt M LF 1,197 1,187 $ 1.50 " 1,780.513
3 Rmv Ex Double YeElaw tine Pvm LF i 161 1,161 2.51) 21302.50
4 Rmv Ex White Turn Bay Pvmt Mar LF 299 299 $ 2.50 $ 747.50
5 Rmv Ex Lane Legend Only EA 1 1 200.00 S 200.00
6 R erocate Ex Sign ER 2 2 $ 1 000.00 2 000.00
7 Rmv Ex Headwall 2-10N10'MBC EA 1 1 $ 6 CDO.00 $ Ei 000.00
8 R my Ex 24 Safety End Treatment EA 2 2 300.00 $ 600.00
9 Rmv Ex 24 RCP LF 25 25 $ 10.00 $ 250.OD
10 Rmv Ex Asphalt Drive SY 355 355 $ 2.50 2E7.50
I 6"Conc Pvmt SY 1,472 1472 $ 27.25 5 40 112.00
12 4"Asphalt Conc Pvmt SY 1,472 1472 15.00 $ 22 0_[}4
L3 10"time Treated Subgrade SY 1,7G2 1,762 $ 3.00 $ 5,286.00
14 Hyd rated Lime 155# Y TN 49 49 $ 150.00 $ 7,350.00
L�- meta,Beano-GuardraiI w End T LF 2G1 261 $ 50.00 $ 13 C50.00
L-S 4"Solid White Edge Lane Line LF 1,114 1,114 $ 3.0Q 3r342.00
17 4`Solid Double Yellow Lane Li LF 41E 41:8 S 3.0Q 1,254.00
18 8"Solid White Turn Bay Lane L LF 991 991 $ 3.50 $ 3 458.54
19 Type I1,A-A Markers&Ref Ylw LF 1'na ir858 $ 5.00 $ 9,340_UQ
20 Lane Legend Arrow EA 4 4 300.00 1 00_QD
21 Lane Legend CnIV EA 4 4 $ 350.00 1400.00
22 Install Sign EA 3 3 5 1,200.00 3,600.00
23 6'CflncPvmt SY -1472 -1472 $ 27.25 $ 40112.04
24 10"Lime Treated Subgrade SY -1 762 -1762 $ 3.00 5 286.00
25 Hyd rated Lime 55# Y TN 44 -45 150.00 7 350.00
26 10"Con€Pvmt SY 259 259 52.00 $ 23,828.00
27 Ash palt Type B SY 1213 1213 $ 30.00 $ 3Ei390.00
Pavin Subtotal $ 134,520.50
Storm Drain
Item El i ffNe
Hu. Description Unit Quantity Quantity LfnitPrice CreditAvaiIable
L 42"RCP with Safety End Trtrnrt LF 132 132 S 130-00 $ 17 150.00
2 2-10'x10'H-eadwa11 PW-1 EA 1 L $ 25 000.00 $ 25 000.00
3 2-10'x10'MBC LF 21 21 $ 2 950.00 $ 51 950.00
Storm Grain Subtotal $ 104,110.00
Paving Subtotal $ 134,520.50
Storm Drain Subtotal 104 110.00
CONSTRUCTION SUBTOTAL $ 238,630.50
Other Eligible Items
Des€ription
E n-'-.n e er-P. .Sur;ey-r 9 and Iklateria Testin= 20% of Construction Subtotal $ 47,725.10
Total Value of Capacity Provided 5 28Ei,356.64
Transportation Impact Fee Credit Agreement-CA-19-003 Page 19 of 22
Ventana Agreement Version 02.19
Ex4stirrg Demand
Number Stroet Permit 9 5ehedula 2 Pat iDate Crediu&d
SS40 George Creek Rd P819-09312 $ 3rOOD-M DS{12/2015
SS49 G2-Drge Creek Rd PP19-09577 $ SM0-00 DS/1612019
SS33 G2-Dr a Crt2k Ind P819-09634 $ 3 _00 DS 20J2015
SS32 Ge-brge Creek Rd PP19-09644 $ 3rwo-00 09/2112019
5529 Ge45rge Creek Rtl P1319-0-17+49 $ Mbb_00 09/1312019
5S25 George Creek Rd P819-10169 $ 3rOQD_00 09/0W2019
5609 Caliza TH P1119-10237 $ 3,750_00 D4/0512019
556+4 George Creek Rd P814-14241 $ UM.00 D4 OS/2419
5S2$ Gorge Creek Rd PP19-10319 5 3,Ob0_00 04f0612015
5644 CaGta TH P1 19-12973 $ 3,OC❑_❑0 1D{31/2019
1D32.8 bola Ind PB19-12983 $ 3,C00-00 111❑1f2015
102Dg HankSCreek Ru P819-12997 $ 3,00100 1V0112019
56S7 Caliaa TH PH19-13003 $ 3000-QO 1110112019
10212 MaoksCre•ek Rd PE19-1302D $ 3,00100 1YO112019
5649 Caliza TH P1119-i3115 $ 3,00❑_❑0 1V0412019
1=4 Hanks Creek Rd P819-i3124 $ 3,U00-04 1V0412015
5648 CalitA TH PPi4-13125 5 3.000_00 1VO612019
562E Calila TH P819-13129 $ 3.CM.00 1 0612019
10324 Lala Rd PB19-13131 $ 3,000-00 11/0612015
IMO Hanks Cam k Ind P819-1319D $ 3,000.00 11J06/2015
1D72.8 Hanks Cr"k Rd P819-i3141 $ 3,OGO-00 1VOfi12015
564D Callta TH PP19-13196 $ 30i4-00 11/0712013
1D355 Trail Rid a Dr P819-13257 $ 3.GM-00 1 O912019
5624 Caliza Tr1 P819-13276 $ 3,0a0_00 1V0812019
5655 Caliza M PPi4-i3326 $ 3.CM 0-00 11/0912019
5633 41ape Creek Rd P819-M156 $ 3,OGO-00 1111112019
10336 Lola Rd P819-13368 $ 3.CK 0-00 11/1112013
5653 Caliza 7rl P819-13629 $ 3.CM.00 11/1512019
5632 Caliza Tr[ P819-n63D 5 3,0)0.00 11f15{2019
5661 $11re41 Rd PP14-13639 $ 3,CW-OL} 1v15/2019
1D344 Lola Ind P819-13695 $ 3,OW-00 1111912019
S621 I3arCo Rd P1119-13$DS $ 3,00❑_❑C. 11/2012019
5652 Caliza TH P819-13952 $ 3,000_❑C- 1 2512019
5661 Caliza TH PP19-14062 S 3,Ofl❑_00 1V2612019
5636 Caliza Trl P1319-1+4240 5 3,00❑_❑U 1VIO612019
1D353 L.01a Rd P915-14833 $ 3,000.00 12/1712015
10221 Hanks Creek Rd P1119-14843 $ 3�00_00 12/1912019
1032o Lola Rd P819-14904 $ 3,000-QO 1 19f2419
10224 ManksCreukP_ P815-15470 $ 3,000-00 1v23J2❑i5
562D $area Rd P815-1S304 $ 3,"-OL} 12f2712019
5657 Bbrea End P820-GO235 $ 3,000M 01/2212020
10341 Lola Ind P820-130S49 $ 3,00❑_OD 01f 221202❑
56DS Pd Creek Rd P82D-00556 $ 3,000-04 D 22I2❑2❑
5701 Pope Creek Rd P820-006D4 $ 3,00D-❑0 Dl/22{2020
5617 O&CO Rd P820-00967 5 3,000-00 Dlf29f2020
56DO Pradl�ra Rd PB20-01103 $ 3,OW-00 01/3012020
564D $area Rd PB20-01402 $ 3,00QOD D2/❑412020
5665 $area Rd PB20-01403 $ 3. 0_❑0 D 041Z020
Transportation Impact Fee Credit Agreement—CA-19-003 Page 20 of 22
Ventana Agreement Version 02.19
NuMb UT Street permit-9 sehedule�2 Fed Date CieditE�d
5628 Bareo Ind P820-014D4 S 3,OW-00 02/0412020
11034o Lola Ad PB2D-0156D $ 3.OW.00 DV060020
10�49 Coliri3 Dr P820-01561 $ 3,Ow.cu 02/06/ZO20
5641 C;aka Trl PB20-01634 $ 3,OU0-OL} 02/1112020
10333 Lbla R-d PB2D-01812 $ 3,O0❑_OC} D2/1312020
5625 Pradrrra lid P82D-024DS $ 3,8U❑_00 -D2/1912020
1D350 trail Ridge Dr P82D-020D9 S 3.0w.00 D2f19{2020
5612 Pam Creek Rd P820-02046 5 a,OOO.00 D2/20fZO2❑
1D354 Trail Ridge Dr PB20-02148 5 3,OW-OO 02/2012020
5616 Mrea Rd PM-027-DD $ 3,000-00 D3/Q${Z020
1D225 Hanks Creek Rd Pe2D-022D1 $ 3,OOo-00 03/W2020
5624 62rco Rd P82D-02852 $ 3.OW-00 MJ06f2020
5633 Bareo Rd PI32fl-02868 $ 3,OW_00 03/0912020
10358 Trail Ridge Dr P82D-02927 $ 3.000-00 03/09f2020
5648 Mreo Rd P82D-02940 $ 3.OW-G} D3/09 f 2020
560 Banco Rd P82D-03014 $ 3,ow-al -D3/1212020
5625 &rCd Rd P82D-03021 $ 3' _❑C} DV1212020
5629 -Bareo Rd P1120-03023 $ 3,ow-00 03/12fZ020
5637 Bared Rd P820-03024 3.OW.00 -D3/12f2020
5641 Bared Rd PM-03025 $ 3,000-00 D3/12 f Z020
5649 Bared Rd P82D-03026 $ 3,000.00 03/W2020
5653 Barth Rd P82D-03028 $ 3OW-00 MJ12{2020
5569 Bared Rd P112-0-01491 $ 3,ow-00 03/18{2020
5516 George Creek Rd 1`1120-0359S $ 3.0w.00 03/24 f202❑
5637 PradL!�ra Rd p02d-03596 $ 3,OW-00 D3/202020
5520 George Creek Rd PIUD-011664 $ 3,000-00 03/25{2020
55D1 C,eor eCruE!k Rd P020-03665 $ 3.Oo0-44 DV250020
564B Pradera Rd P62D-03875 $ 3,owA0 01/30f 1930
5521 George creek Rd P82D43930 $ 3,OW_00 04/0312020
�616 Pradara Ad P82D-03932 $ 3.0U0-00 04J03fZ020
Total camumed Uadit x34,750.0o
Transportation Impact Fee Credit Agreement—CA-19-003 Page 21 of 22
Ventana Agreement Version 02.19
EXHIBIT F
Allocation of Credits
Credits will be allocated on a first come first serve basis to lots within the area bounded
in red below. That area specifically includes FP-15-119, FP-17-071, and the areas
identified as Future Ventana Phase 5 and Future Ventana Phase 6-8 in the approved
concept plan, CP-15-004, as revised. No credits will be allocated to any lots located
within FP-18-139,FP-19-091,FP-19-083, or the area identified as Future Ventana Phase
3B in the approved concept plan, CP-15-004, as revised.
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Transportation Impact Fee Credit Agreement—CA-19-003 Page 22 of 22
Ventana Agreement Version 02.19