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HomeMy WebLinkAboutContract 43366 (2)CITY SECRET/LeCoMACT AGREEMENT REGARDING PIPELINE RELOCATION This Agreement Regarding Pipeline Relocation (this "Agreement") is made effective as of the iq-e` day of 2� fy and between A-S 104 TI M i s ERLAND TOWN CENTER, L.P. ("Developer") and the CITY OF FO T WORTH, a home -rule municipal corporation situated in Tarrant, Denton, Parker and Wise Counties, Texas (the "City"). WITNESSETH: WHEREAS, Developer and the City intend to enter into a Community Facilities Agreement (the "CFA") relating to the construction and completion of, among other items, various roadway sections and related infrastructure along North Beach Street and Timberland Boulevard (the "Project"). WHEREAS, in order to complete the Project, it is necessary to relocate a portion of pipeline and related facilities (collectively, the "Pipeline") constructed pursuant to that certain Pipeline Easement and Right of Way (the "Pipeline Easement") dated on or about August 20, 2004, executed by and between North Tarrant 226 Joint Venture, as grantor, and Antero Resources Pipeline, L.P. ("XTO"), as grantee, and recorded in the Official Public Records of Tarrant County, Texas, under Clerk's File No. D204284150. WHEREAS, XTO, the current owner of the Pipeline, has provided to the Developer and the City an estimated cost to relocate the Pipeline and has agreed to relocate the Pipeline in order to allow the completion of the Project, provided that the Developer and the City reimburse to XTO all costs and expenses incurred by XTO in relocating such Pipeline. WHEREAS, the Developer and the City have agreed to share, on the basis hereinafter provided, the cost of relocating the pipeline in order to complete the Project. NOW THEREFORE, for and in consideration of the covenants, restrictions and agreements contained herein, TEN AND NO/100 DOLLARS ($10.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged and confessed, Developer and the City do hereby agree as follows: 1. The Developer and the City agree to share, on the basis hereinafter provided, the cost of relocating the Pipeline in order to complete the Project. At such time as the Developer receives an invoice from XTO for the costs and expenses incurred by XTO in relocating the Pipeline, the Developer shall promptly pay such invoice and provide the City a copy thereof. Within thirty (30) days after the later to occur of (x) the City's receipt of such invoice, or (y) the execution and delivery of the CFA by the City and the Developer, the City shall reimburse to the Developer an amount equal to seventy-one percent (71 %) of the total amount reflected by such invoice. 2. Neither this Agreement nor any term or provision hereof may be changed, waived, discharged, amended or modified orally, or in any manner other t1,an_byiaainstrument in 12 PO 4 56 IN 1 OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX writing signed by all of the parties hereto. This Agreement may be executed in separate counterparts each of which shall be deemed an original but all of which together shall constitute but one agreement. If any party hereto shall bring any suit or other action against another for relief, declaratory or otherwise, arising out of this Agreement, the losing party shall pay the prevailing party's reasonable costs and expenses, including such sum as the Court may determine to be a reasonable attorney's fee. This Agreement shall be governed by, construed and enforced in accordance with the laws of the State of Texas. [ THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK. SIGNATURES AND ACKNOWLEDGMENTS APPEAR ON FOLLOWING PAGES. 2 DEVELOPER: AnS 104 TIMBERLAND TOWN CENTER, L.P., a Texas limited partnership By: AaS 104, L.C., a Texas limited liability company its general partner By: Name: Jay .Sears Title: Manager THE CITY: THE CITY OF FORT WORTH By. Name: Fernando Costa Title: Assistant City Manager Approved as to Form & Legality: ,t. v455ri5 Attest: City Attorney J. Kayser, City Secreta 3 — Jay - it( ,,e4cr ,00000 47 0 6 ov idAw PI Ira tv, Q o 0000Go° .4' M&C Review CITY COUNCIL AGENDA DATE: CODE: SUBJECT: anIrIZOMMI-Di.en. . Page 1 of 2 Official site of the City of Fort Worth Texas FORT WORT II COUNCIL ACTION: Approved on 6/14/2011 -19738-06-2011 6/14/2011 NO.: C REFERENCE TYPE: lye C-24979 NON - CONSENT LOG NAME: PUBLIC HEARING: 20SHOPS AT TIMBERLAND RELOCATION AGREEMENT NO Authorize the Execution of an Agreement Regarding Pipeline Relocation with A-S 104 Timberland Town Center, L.P., with City Participation in an Amount Not to Exceed $85 000.00 and Adopt Appropriation Ordinance (COUNCIL DISTRICT 2) RECOMMENDATION: It is recommended that the City Council: 1. Adopt the attached appropriation ordinance Increasing estimated receipts and appropriations in the Transportation impact Fee Fund by the amount of $85,000.00, from available funds, and 2. Authorize the City Manager to execute an Agreement Regarding Pipeline Relocation with A-S 104 Timberland Town Center, L P., with City participation in an amount not to exceed $85,000.00. DISCUSSION: A-S 104 Timberland Town Center, L.P., (Developer) and the City intend to enter into a Community Facilities Agreement relating to the construction of a portion of Timberland Boulevard east of North Beach Street. Timberland Boulevard is identified as a future four -lane major arterial in the City of Fort Worth Master Thoroughfare Plan. To complete the project, it is necessary to relocate a portion of gas pipeline and related facilities. XTO, the current owner of the pipeline has provided the Developer and the City an estimated cost not to exceed $120,000.00 to relocate the pipeline, provided that all costs and expenses are reimbursed. The Developer will pay the costs for relocation and the City will reimburse the Developer according to the terms of the Pipeline Agreement up to $85,000.00. Funds are available from Transportation Impact Fund Revenues from Service Area D, as authorized under Section 1-7 of the Transportation Impact Fund Ordinance (No. 18083-05-2008). The Transportation and Public Works Department has reviewed the proposed pipeline route and has no objections The pipeline is not running through residentially zoned and used property. This pipeline relocation is located in COUNCIL DISTRICT 2, Mapsco 22B. FISCAL 1NFORMATIONICERTIFiCATION: The Financial Management Services Director certifies that upon approval of the above recommendations and adoption of the attached appropriation ordinance, funds will be available in the current capital budget, as appropriated, of the Transportation Impact Fund. TO Fund/Account/Centers 1) C206 488139 061249991400 $85,000.00 1) C206 541200 061249991400 $85.000.00 • FROM Fund/Account/Centers 2) C206 541200 062230154772 $85.000.00 Submitted for City Manager's Office bv: Fernando Costa (6122) http://apps.efwnet.org/council_paeket/mc_review.asp?ID=15267&councildate=6/14/2011 8/18/2011 M&C Review Oriainatina Deaartment Head: Additional Information Contact: Douglas W. VViersig (7801) Debbie Wilhelm (2481) ATTACHMENTS 20SHOPS AT TIMBERLAND MAP odf 20SHOPS AT TIMBERLAND RELO AGRMNT AO11.doc Page 2 of 2i http://apes.efwnet.org/council packet/mc_review.asp?ID=15267&councildate=6/14/2011 8/18/2011