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HomeMy WebLinkAboutContract 43213 (2)CITY SECRETARY L ? 177 CONTRACT P40.,�J. COMPLETION AGREEMENT This Completion Agreement ("Agreement) is made and entered into by and among the City of Fort Worth ("City"), and Riverbend Investment, Ltd, a Texas Limited Partnership ("Developer"), and; Liberty Bank 1("Lender"), effective as of , 2012. 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; 18.04 ;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 (which tract of real property is hereinafter called the `Property"); and WHEREAS, the Developer intends to develop the Property as an addition to the City through plat FP11-034 or FS !; and WHEREAS, the Developer and the City have entered into a Community Facilities Agreement relating to the development of Lakes of River Trails, Phase XII (hereinafter called the "CFA"); and WHEREAS, the City has required certain assurances of the availability of funds to complete the streets, street signs and lights, and the water and sewer utilities for the development of the Property (herein collectively called the "Community Facilities"), 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 (hereinafter collectively called the "Plans"); and WHEREAS, the Parties desire to set forth the terms and conditions of such accommodations as are described above. OFFICIAL RECORD CITY SECRETARY F7. WORTH, TX 05-11-12 PO4:49 IN NOW THFREFORE, 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 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 Community Facilities in the aggregate should not exceed the sum of Eight Hundred thirty-four thousand six hundred thirty-seven and fifty/one hundredths Dollars ($834,637.50), hereinafter called the "Completion Amount". Notwithstanding the foregoing, it is acknowledged that the actual costs of completion of the Community Facilities 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 Community Facilities 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 (which term is hereinafter defined) line items highlighted. The term "Hard Costs" shall mean the actual costs of construction and installation of the Community Facilities. To the extent that advances under the Loan are for the payment of Hard Costs, the Completion Amount shall be COMPLETION AGREEMENT January 2007 Page 2 of 12 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 Community Facilities on or before the date for completion that is established in the Loan Documents plus thirty (30) days (hereinafter called the "Completion Date"), in accordance with the CFA, the Plans that are approved by the Lender and the City and all documents evidencing or securing the Loan (which documents are hereinafter collectively called 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 Community Facilities. 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 Community Facilities and the City shall then commence, pursue, and complete the Community Facilities 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 Community Facilities. If the City does not timely elect to complete the construction of the Community Facilities, then the Lender may at its election terminate this COMPLETION AGREEMENT January 2007 Page 3 of 12 Agreement, or at its option, proceed to complete the Community Facilities, 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 City. In the event the Lender has requested the City and the City has elected to complete the Community Facilities, 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 Community Facilities. In the event the cost to complete the Community Facilities exceeds the moneys transferred to the City, City shall notify Lender and Developer in writing of the need of additional funds. The additional funds required to complete the Community Facilities 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 Community Facilities, 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 Community Facilities if there is any default under any Loan Documents in lieu of requesting the City to complete the Community Facilities. If the Lender elects to complete the Community Facilities, 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 Community Facilities, the Developer (and to the extent COMPLETION AGREEMENT January 2007 Page 4 of 12 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 Community Facilities 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 payment and performance bonds or other requirements for security in connection with the development of the Property and the completion of the Community Facilities 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. 11. Termination. This Agreement shall terminate upon the earlier to occur of the following: (a) acceptance by the City of the Community Facilities; (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 Community Facilities are completed and accepted by the City and all Hard Costs contractors have been COMPLETION AGREEMENT January 2007 Page 5 of 12 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 Community Facilities the following: a. A statement that the City is not holding any security to guarantee any payment for work performed on the Community Facilities; 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; 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 Planning and Development Department 1000 Throckmorton Street Fort Worth, Texas 76102 COMPLETION AGREEMENT January 2007 Page 6 of 12 and/or Attention: CFA Division David Schroeder, Development Manager Email: David.Schroeder@fortworthgov.org Confirmation Number: 817-392-2239 Attention: CFA Division Jana Knight, Administrative Assistant Email: Jana.Knight@fortworthgov.org Confirmation Number: 817-392-2025 With a copy thereof addressed and delivered as follows: Douglas W Black Office of the City Attorney City of Fort Worth 1000 Throckmorton Street Fort Worth, Texas 76102 Confirmation Number: 817-392-7607 (ii) Notice to the Developer shall be addressed and delivered as follows: Riverbend Investment, Ltd P.O. Box 185104 Fort Worth, Texas 761811 (iii) Notice to the Lender shall be addressed and delivered as follows: Liberty Bank 2424 Merrick Street Fort Worth, Texas 76107 Email: dmoore@libertydfw.com COMPLETION AGREEMENT January 2007 Page 7 of 12 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) COMPLETION AGREEMENT January 2007 Page 8 of 12 Executed by the Parties in five counterparts, each of which shall be deemed to be an original, to be effective as of the date first stated above. CITY OF FORT WORTH B y : anlo CIa-- Fernando Costa Assistant City Manager DEVELOPER 13, Name: Kenneth B. Newell Title: President APPROVED AS TO FORM AND LEGALITY Douglas Black Assistant City Attorney LENDER By: Name: N. David Moore Title: West Side Market President Riverbend Investment, Ltd), 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 Kenneth B. Newell. o��o- ,ottl�tt 4,,••:),•;,-t on .4 k to°°°°ao70 0 O O� ary J. Kay City Secretar - COMPLETION AGREEMENT January 2007 Page 9 of 12 t :g fl3 o o 0 0 .y..g ra.6 AI B v.• • olJu OV S sy 44 1.001/6-e Name :Kenneth B. Newell DEVELOPER Title: Presidents OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX LIST OF EXHIBITS TO THE COMPLETION AGREEMENT EXHIBIT A - EXHIBIT B - LEGAL DESCRIPTION APPROVED BUDGET COMPLETION AGREEMENT January 2007 Page 10 of 12 EXHIBIT A COMPLETION AGREEMENT January 2007 Page 11 of 12 EXHIBIT B COMPLETION AGREEMENT January 2007 Page 12 of 12 Cost Summary Sheet Project Name: Lakes of River Trails Phase XII CFA No.: 2011 048 DOE No.: 6694 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 A. Water and Sewer Construction 1. Water Construction 2. Sewer Construction Water and Sewer Construction Total B. TPW Construction 1. Street 2. Storm Drain 3. Street Lights - Installed by Developer TPW Construction Cost Sub -Total Total Construction Cost (excluding the fees): Construction Fees: C. Water/Sewer Inspection Fee (2%) D. Water/Sewer Material Testing Fee (2%) Sub -Total for Water Construction Fees E. TPW Inspection Fee (4%) F. TPW Material Testing (2%) G. Street Light Inspsection Cost H. Street Signs Installation Cost Sub -Total for TPW Construction Fees Total Construction Fees: Financial Guarantee Options, choose one !Bond = 100% 'Completion Agreement = 100% / Holds Plat !Cash Escrow Water/Sanitary Sewer= 125% !Cash Escrow Paving/Storm Drain r= 125% 'Letter of Credit = 125% w/2yr expiration period Developer's Cost 166,222.00 122,465.70 288,687.70 365,394.10 143,146.70 37,409.00 545,949.80 834,637.50 5,773.75 5,773.75 11,547.51 20,341.63 10,170.82 1,496.36 1,960.00 33,968.81 45,516.32 Amount 834,637.50 834,637.50 360,859.63 682,437.25 1,043,296.88 Choice (ck one) J 7 / _i_L-_L__L_ I _J L L_ J L J _ L_J _J -J _ I 1 1 1 1 I I 1 I I I 1 I 1 1 1 1 I _L _L J_ J_ J_ _L I L _L J._ J _L N89'37'06•E TO' ELECTRIC, HOA. WALL/WALL MHNIE7IANCE E a� o 300 N•O ono Remainder NB93706'Ef 66.54' Riverbend Investment, LID. V. 13681. P. 387 Iv N BLOB VICINITY MAP MAPSCO 66-C WfSNNCMM PR,901t9 01,11 FA9iMU4T5 No pemm,nt MWdves flat b cmeWated C. mY nbthg or patted veia9 wavy ee.n• drain000. gee dnelc, Or ether limy eesannt al any type WATER/WA51FMTd @PACT FRS No m, of Fat Wort Men d=nmm kaganntag the ee.eameit end c@seim W raw aid wastewater Impact fees. We total anawl anteaed e orb raced on the flag date of th9 plt gyd;wa+.A based wan Sd•N3e I of the Impact fee nC C c. In effect as to date of We yat The anent to be cdected b detennhed =sr sebsbab R of said aQnnce. end b.c mee eflecbn on to date a bulyp permit is bse4 or on the =nett, date to to m>vgd to d/ t t out ilulY EASEN2(19 My p'4 c unity. kdu&w to aty of Fat Worth, shed hoe the right to mow and keep mond t9 or port of my bulahp fence tree drub. ether gM w oharms nent °h,da e my way nda,9aa e Interferes edh wMe cb ,. mainline/ice. ,l+ce. efficiency of Rs respecli+e systems my of He hyan is shownthe yen et d they Moe how the right at fa tines to u. and •gals open odd eaement, fa the purpose of cnebactin, reanstruction, nynlim, pew w m¢ntohi,9. end addns to a reaming 0 part of Rs respeclhw systms without the necessity at piny tine of procuring We prsaain of mane. arena Ave rdS11RC11C11 No emzWclm Ma be d:aee= .ihh the foo &n easement with= the ofttn =pond of the Director of TrmgvtaUo, end PubEe hake In order la npwl. dels:N Wsgherhg pine end/a va= fa the knpaansmthe paty(te.) . two =anado the wae eta that a-prdch.preparedW, ma per, wae� Y it pemft•d, m riths4 Soar Satins anal be a mh'mm al one (1) foot maw the 100-wcr Rood aeration. FWVA1E CONW REFS% MO FACILES Th. Gly of Fat ttm n61 not be had rwspa„vik for the cn,w=trR mallow= o cperatknof my kb, m,tanhgaprnte wands Bath s Identifiedn A on 0N. pal Said nc9 =ode. bat es not 6niS to pirate ,fink. hcy , energeocw.e aemne ca d gold moot/wNmwc rwntkn meow kndscepe aeon add ¢n "'mew realer and wastewater c*Nb,9n facl:Reg end rmnUas/OAAase/e rdte/bdehg. and fadkt We lend on= end -0n et amen of the late end pore= a a,b eASesan. Cain khby end eewmy w a land omae otsz'mtv,. dwl be reyalatie la each wniWclim. recmehWe.t mantnaaw end operation of the e.n5J1ms pinte carmen awn 0e faHllew and nor egn to harry* end hdd hemsn the Coy of Fat Nara. Teem tan m dear, =ages ad louses ad ,g at of, 0 residing ban the perfahnmw of the tC9ttio i al sed o.ne. naoda = ore .et form !area. BJWDNC ;MATS No =idling puma' tladi be bsad hr my let h thS S,ba _^m unt9 en al unmake= water, steer, aett= dre,t .tre.t 6Il1eptable proasans ore L�'^.rdkse for eor pa Q� by +enrols and 4pomf Era cbt*ad ban the Gay of rot Worth. PHocwAY MOAT Peemy hyawmnb ea* at orb de g4twa pawnnt lie-'. drive ggroanew dx.e es and ache9e web may be wwkw at tine or balding puma Iewmo. we a palmy permit Rom P Afil/rklsNACEMY: MAHIENMTE The tuthg a= ,ae= Ma. a 6ti . dwmd bawtig dm9 or across portions of orb odelbx ere r = mSstnictd at m Erna end r] be manta= the la =nee aNal dpeent to. theydrahagewdtio,me Gty of Fort lots th se net bee =pens=e fa- the me§,tnmw =Fen antra. and/0 Maratha of sob bcmgeraya Property ethers ebb kelp the dkml &ohanaeaye hcerdn9 their pearly deco end free M debris, it a other tt.tmwe efaa raid re.= n ivy maiden; old the Cay ram Mw the right d nby f0 the papme of hepecth9 the mahtmahc. work by the pwrly owners The bbcdhaeevmt„ are cannot by d.r.re� to Oty water f Fat worth ram not be ra'e ter my damages =Nlktw from the warm= or those pnence nor nor to Palma f my strucbas(e) ,Nth the &aurwaeenTM *ciaage.n dotal each lot t tamed :Man the ?cad -path a t line as mown en the plat. 9TE RYA VASE STUDY A Me dreao9�ehA} mowing conformance .Lh We apFiv.N road y dtrams ploy Y repaid before my btadng per = b Issued on orb dt. (whlnie. crofts o 00 it @rage eddy may @bye bi p add. scrod if , a axe A for my enepakd ah voimprovements theawrath;. .nents a t owner that wrath a letter to s Dgvmnt of Ttmwortetlm end Beta Web stating =renews Vat a Sae Mehe9e Study .p be rRitd before my pans is tweed. The went an w9 inform Mt buyer of to sane DIl1AL ACtU> w t ore Iran y /dyl ddn Ua Caves mt0 Trimly e+d , pwhbad 56.00'133 50.00' 539'37'06W 205 70' t _. e N kg P 19 IS o2Dmo ,o.'a 0 21 22 23 24 25' 25' 0 ` o ng0N 0 089'37.06.E 46.00' 45.06' 50.00' A • 265' F B / 1 x TUF ---I^ u P an r oo- .fi d048650 Er°:to _ o. 58.65 58937'36W 155.00' 3.65' _a...2 P$O om45.00' N B_7 oN -04 tit 80.a$ 9''3706- Waou(2 1: E 4520' O 0o Rr 1489'37.06'E ' - 5.00' 55.00 60.00' $ a o O fn. SP 8e O N 50.00 io m Hy £ TSB 4,49 u 8500 NS 89'3706- W 49.0011--4-- 589'37064W z_ I 0�q0 k,0 I z 46.00 o i= oN 0. Ara bff MM• apt do v m the, E 56.00 6750' 861.50' o r 08 0 ^ 7 0 0 _61.50r m61.50' 0 Tpi $ 0 ? a n o' q $ q ad ra Gorr 50.00' 51.70' j400„_SO,oP,50.00• o5C ., a 83.65' 130.06' lit ba 692206- W 5 89'37'06' W ___ wa g 89.3TO6' E ge u L 45.02' 54.00' to o ro o eat0rNd16 IS �o 2ob q ?Sig.."a (5.5..2' 54.00' n1 15502' 54.00' 54.00' 52.50_ C a S o `a •o 'v 19^. 20 (Io S s v 21 g 0 22 al R 145.02' 54.00'^ 54.00' 52501 3.96' 14 307.50. T T I I I I I I I I I I I I I I I P08 BOWSPIRIT LN. T T T T T T T T T I 1 1 1 1 1 1 1 1 I I 1 1 1 1 1 1 1 II III 1 1 1 1 IEI 1 1 1 1 I 1 1 1 1 I I I I I 1 I I I t I I I TRINITY BOULEVARD 931.50' N 8937'05' E City of For Worth V. 4119, P. 535 0 R.T.C.T. T T T T- T- T--r- / / / / / / I I I T T T T T- r r-T T -T - / / / / 1 1 I 1 / / I I / / I I 1 1 I I �� / 1 I I I I j / I I I I I �� 11 I I 61or r. n6 561.50' 6a}.50' Zt on5 oa 61.50' '09 Om 4 0 0m 0" q 61.50' a61.50' S 8917'Ofi' W u 293.04' N eu N8937I5 E 42.73.Lt _ 45.06' 50.00' 51.70' 54.00. 50.00'1: 50 00. 0 _-,o o18t 017y 0 16y 0 15 : 014 : 0 13: 6,42ouT 25 13 12 2 50.00' 54.00' 54.00. c _ g 0 240'°'5 m 3 25 it ^t . 50.00' 54.04}.00'R 5 o 023 R 0 d 26 10 27 11 10 9 28 SNOW EGRET WAY 8 29 7 30 6 31 5 32 4 33 3 WHISTLING DUCK DR. 9 8 7 6 34 5 4 3 / 2 35 2 1 / / ,- ✓// 1 (HOA LOT) / is// 2 N893706•E 856.14 54.00' 50.00' 54.00' 54.00. 50.00' 54.00' 54.00' 54.00' 54.00'., 54..00'm c = c = �a Is©20 - d a 0� d 26 P27 P 28 R029 R030 31 32 R033034m35" Ro v 20 ? v nv Ry r o 20 nod av ti 1el 54.00 50.00 ^ 54.00 54.00 50.00' 54.00 54.00 54.00 54.00' 54.00 876.52' 5 69'3E06' W _ )2 Bt. 9.28'= 54.00', 54.00e 54.00'ar 52.00_ 50 00'. 54.00. 54.00.. j54.00 50.00. 54.00'2 54.00' 54.00.. 8O i O 6. v o a' O O d O 0 diner O -' ' O O i•b 16 • o 15 . 0 14 Y o 13 . 0 12 Y o 11 ••0 10 0 0 9 y o 8` o 7: 0 6 T: 001Bm q17 g0rq oq mq0. Pq • nq mq aq w°- a nq mq m 9,26' 54.00', 54.00' 54.00' 52.00' 50.00' 54.00' 54.00' 54.00' 50.00' 54.00' 54.00' 54.00' 59.28' 54.00' 54.00' 54.00'' 513.00'' 5000' 54.00' 54.00' 54.00' 54.0 . 50.00' 54.00' 54.00' e Y - "At: P 19' 0 20? 0 21 a o 22m o 23 $ a 24 8 0 25 w o 26 m`o 27Fe o 28 g ,f00 290 ,O0v 30 o v 31 0 Iq a 0. ,T O .F O .T 0 vi d e o e q 5 0 .4 O LQ O SNOW GOOSE WAY o n o 49.28' 54.00"a 54.00' 54.00. 50.00' 50.00' S4.00 54.00' 54.00' 54.00. 50.00 54.00' 54.00' 54.00' 50.00' _ 878.28' _ SANDHILL CRANE DR. 5 89'37'06' W B0.00'_ wl 34 5 R I 1• e 180.00' 5' CITY OF FCRT WOR11.1 DE CC. INST NO. D Cmhpimw vAJU, The City of Fat word ad o,w neater I6515-05-2003 mat be re^,a"red for Iha ate Prole Pressure Rdudn9 W.ea w repined h We = a tdm mil m to be Malad by Ow huntvlder. 1RMSPORTAnaa BPACT FEES The Oty of Fort Wath has en adnmw hyrnmlag the arsesmnt and co?nOn of bmwatotkn Impact fees. lie told anoint =eased Is eatdli,ed ea the approval dote of this pot eppkolien. bcnd m Sdi.61e 1 of the hpact fee adnence h effect as of the dote of to plat. The avant to be =CsRd "o dertrmhed v4e Schaible 2 of ma erdmmn. and Is an on the bate a Wldng pen= b loud. Roodplcn and floodpian easement ore outsde the bainday of the proposed wbditison per FP-11-050-FP. FORT WORTH CITY PLAN COMMISSION CITY OF FORT WORTH, TEXAS This piss i, valid only ifretarded wnhm mina) (90) day-s Oa date or sppmmi Plot Approval Date: Bic Bin Chairman Secretary 60.00' 033 S 0 8 60.00. LINE LI La L3 L4 L5 L6 L7 Le L9 LIO 111 L12 L13 L14 L15 LI6 L17 LIB L19 L20 122 L23 L24 L25 L26 L27 60.00' P 3 02 • 60.00m 60.00 0 31 7 q 8 50.00' 60.00' $ 60.00' u 60.005' . 0.00. 60.00' o der do 2 0 29• 28ri 0 •0 27 : v v $o 60.00' 1 60.00' Remainder Riverbend Investment. LID. V. 13681, P. 387 LINE TABLE LENGTH 1 HEARING 15.52 6.47 14.14 14.14 14.14 14.14 13.80 14.48 14.14 13.130 14.14 14.14 14,14 14.14 14.14 14.14 14,14 10892 WOO 1 132 12912 3305 SaW 110. 6 140(1.924 140.94 CURVE TABLE VCEIi 23'0DEL6 37'A !RADIUS 50.001 LE 20.171 I 021 21'48'37) 50.01 19031 C31 74'12.061 50001 64.751 C41 86•3528'1 50801 75.571 BEARINGS: NAD 83 NORTH CENTRAL TEXAS GRID SCALE FACTOR .99956256550 569'37'06W S%'41'12'V 644 37'06' V 645'22'54'E 1144'3726'E S45.2254'E 643'14'39'V 546'45'21'E 1144'37'06'E 643'14'39'E S45'22'54'EI 545'2254'EI N44'37'06' 345'2254'E N44137'06'E 645'2254'E 644'37.06'E S99.37'060/ S00'2254'E N44'3726'E 699.37'06'E SO9.37'06'V SO0'22'54E N89'37'06'E 343'4526'E 643'45'26'W I 01099-➢IR CHORDI N49'26.20'E 20020A3 S55.42'34'E 1E4921 S8'E 60321 1a3S'24'45.24'43'V1 60581 60.00' 60.00' 0P 26 t 5 d ov 25g es 60.00' 60.00' S893706'W 117277' PT m 59.64" In -Ha vci PS Sm38+O c+'(o+ 54.92' M a CO 54.00.5 54.00 54.00' o d o O r b o ` 5mq ono 3R ^ rt 54.00' 54.00' _ 54.00' 54.00' 50.00' 54.00' d $a a 32 0 0 338 0 34m 0 54.00'w L8 L22 w 54.00bb 49.56 2 Nj Oo m' m > 0,red 1 tit. rrA rr J rj5 54.00m 64.84' 60.00' 6484'I P1 w tiny, 0. •35P lN,*T36N STri E 60.00' m fi0.12' L23V tNt.� ut L25 )1 ! 60, 00' 60.00. 60.001: 823 a 60.00' 60.00' o o 22ei 60.00. 6000' 021 0 Y 8 60.00' Et. 20 0 0 60.00' LAND USE TABLE OSS ACRES 18,084 OTAL NUMBER DE LOTS: 101 OTAL RESIDENTIAL LOTS: 101/14.435 ACRES IGHT OF WAY: 3.650 ACRES 0 I00 200 300 SCALE t'=lOO' i N 3 4 5 6 7 N8652812'E 110.00' 110.00' at a 0 9 0 6,6W N R0 O' _ 0 110 00' 0 o 10 qe. i:moo 0, 0 11o00 06.500 eaR r.4 110.0(1 on w Io 12 Qo r1 I g660 sq.R 0 0 J N Iq 10A3 u0' m 1goon era 114• - ZO D" / O. 1 ufm70' Tx at I N862'12. 110 ' w w a 5,76a»fig Or -134 37 0.eeny- ' j 9519' 83'52'12'E 41.20' 41C R � y 16 N 2 3 4 5 J 0 0 Q cn ALLEN $, MIME SURVEY NO. 1RS 6 JONN W. SAWSOY SURVEY NO. 1507 A v • e e m0 Q 4 "1' 60,00' oo 4.4 ...en to S \ 27' b9 m `; d\ s r. H 819 Pis•Asi` tto/SOa.`-s.2s<A O $ flint A 1] 2 6+ v $u I s. Al 91A e 0. , 32.7T 50 W'm 60.00'rri 1 l`)I I 4 20.0' i J j1 11 11 I1 II I 1I I1 II 11 1I 11 II II II 11, REGISTERED PROFESSIONAL SURVEYORS ERBERT S. EASLEY P. O. BOX 8873 FORT WORTH, TEXAS 76124 ENGINEER: Icon Consulting Engineers 250 West Southloke Boulevard. Ste 117 Southloke, Texas 76092 (817) 552-6210 (817) 552-3126 FAX CONTACT: DAMO C. GREGORY, P.E. LAND SURVEYORS L.P. • LAND • TOPOGRAPI-C •CONSTRUCTION SURVr'YING METRO 817-429-0194 FAX 817-446-5488 hsbeasleyemsri.com OWNER & DEVELOPER: RIVERBEND INVESTMENT, LTD. 8004 GIFFORD HILL ROAD FORT WORTH, TEXAS 76053 (817) 589-9001 (817) 284-4100 FAX 9 10 11 SURVEYOR HERBERT E BEASLEY LAND SURVEYORS L.P. P.0.8OX 8873 FORT WORTH, TEXAS. 76124 817-429-.2194 12 13 14 15 16 17 18 19 20 21 2 P 23 24 25 26 STATE Of TEXAS 1 COUNTY OF TARRANT WHEREAS, Riverhead investment, Ltd.. v Texas limited partnership, acting by and throagh the undasgned, Its duly wthaieed agent Is the sde owner of ail that certoi, tract parcel. or lot of land located h the Jain W. Sermon Survey. Abstract No. 1387 and the Men S. Tr6nke Survey. Abstract No. 1528, City of Fat Worth, County of Tarrant. Texas. according to the deed recorded in Volume 13681. Page 387, Deed Records, Tarrant County. Texas, and being more particularly deserted by metes and bounds as follow= 8EQ11101C at a paint k, the North me of Tract 2 deserted in said deed waded in Volume 13681, Page 387 lying 589'37'06'W, a distance of 931.50 from an 1/2' on rod found at the most Northerly Northeast caner of Tract 2. said North line beng the South line of Pores! No. ID described In the deed to the Gty of Fat Worth. o mun:dpd Corporation of Tarrant County, Texas recorded in Vdome 4119, Pogo 535, Deed Records, Torrent County, Texas, said South me being the South right -of -ray incIof Trinity Boulevard; THENCE 50022'S4'E a dslence of 160.00 feet to a pone THENCE /18237'06'E a distance of 42.73 feet to a pont; B ENCE 5002754'E a distance of 11000 feet to a pont THENCE 58907'061Y, a distance of 20570 het to a pont THENCE S002254'E a distance of 160.00 feet to a pont THENCE N3907'06'E. a distance of 196 feet to a pont THENCE 50022'54'E a distance of 110.00 feet to 0 pant THENCE 118937'06'E a distance of 856.14 feet to a pont; THENCE S03117 48'E, a distance of 100.13 feet to a pont THENCE 5431439'W a Stance of 13 80 feet to a Pont THENCE 58927'06'W, a distance of 10892 feet to a pont THENCE 50072'54'E. a distance el 50.00 feet to a point; THENCE 1189'3706'E. a distance of 111.32 feel to a pont; THENCE 646'45'21"E, a Stance of 1448 feet to a pant THENCE 5030748'E. a distance of 200.25 feet to a Pont THENCE 54314'39'W, o distance of 13.130 feet to a pont; THENCE 689'37'06'W. a Stance of 120.12 feet to a pont THENCE 50022'54'E, a Stance of 50.00 feet to a pont; THENCE N89'3706'E a distance of 110.15 feat to a point: 1HEI4CE Easterly, 64.75 feet along a non tangent curve to the left, havng a radius 01 50.00 feet, a central once of 71.12'06' end a thord bearing 58154'I9'E. 6032 feet to a pant THENCE 543'45h6'E a distance of 130 26 feet to a point THENCE 506'41'12'W, o distance of 6.47 feet to a port THENCE 589'3706'W, a distance of 1,17277 feet to a poht THENCE 110022'54'W, o distance of 110.00 feat to a point: THENCE 689'37'06'W. a distance of 49.00 feet to a Pant THENCE 11002254'W, a distance of 160.00 feet to o pont MENCE NB9'3706'E a distance of SW feet to a pant THENCE N0022'SCW, a defence of 270.00 feat to a pone THENCE 68907.061W, a &stance of 365 feet to a pont THENCE 6002754*W, a Stance of 160.00 feet to a pone 1NENCE N893706'E a distance o1 265 feet to a post THENCE N0022'54'W. a distance of 270.0a feet too pont THENCE N89'37.06'E, o distance of 66.54 feet to a pont THENCE N0322'S4'W, a Stance of 110.00 feet to v pont n the common Inc of said Tract 2 and the City of Fat Worth tract MOIOE N890706'E a distance of 307.50 feet along sand common line to the pant of bogbvhg, containing 16811 acres of lend, and 1.273 acres of laid located n the Jinn W. Sansom Surrey. Abstract Na 1387 and the Alien S. Trimble Survey, Abstract No. 1528. City Tarrant County, Texas, and berg a portion of said Trott 2 descrbed in the deed recorded in Vdume 13681, Page 387; COMUENONG at on 1/2' iron rod found at the most Northerly Northeast caner of said Tract 2, deserted In deed recorded In Vdome 13681, Page 387. ling n the South Me of Parcel No. 10 devoted in the deed to the City of Fat Worth, a n,unkipd Corporation of Tarrant County, Texas recorded in Volume 4119, Pogo 535, Deed Records, Tarrant County, Texas, said South Tine being the South right -of -.ay Ina of Trinity Boulevard THENCE 50397'48'E a &stance of 505.92 feet to o Pont /HENCE 5865Z'12'W. a dstance of 100,00 feet to a punt to the FONT OFF BE6HNING of the here,ahove deserted tract; MENGE 50397'48'E, 0 distance of 558.92 feet to a pont MENGE 6893735'W, a distance of 15.52 feet to pont: MENGE N43'45'26-W, a distance of 140.94 feet to a pont I14E910E Northerly, 75.56 feet dung a non tangent nerve to the left having o radius of 5000 feet. a central ands of 86'35'28' and a third bearing N0524'43W, 68.58 feet to a point THENCE NO3.0748'W, a &stance of 382.68 feet to a pont; THENCE N8652'12•E a distance of 110.00 feet to the point of begbmnq. containing 1.273 acres of land The bearings recited hereon are oriented to HAD 63 North Centred Zane G.N. THIS PLAT RECORDED IN DOCUMENT 1 PLAT RECORDS. TARRANT COUNTY. TEXAS. PRELIMINARY PLAT CASE / PP 05-017 FINAL PLAT CASE j FP - LAKES OF RIVER TRAILS, PHASE 12 -1 I I I I I I I I I I Phase 12 Block # Lots Min FF 23 4, 5, 6 394.50 23 7, 8 394.70 25 9 - 18 394.00 25 19, 20 394.10 25 21, 22 394.20 25 23, 24 394.30 25 25. 26 394.40 25 27, 28. 29 394.50 25 30 394.60 _25 . 32 33- .. - 394.7o 25 34 394.80 27 35 394.00 34. 35 394.10 32, 33 394.20 29, 30, 31 394.30 24, 25, 26, 27. 28 394.40 13. 14 394.40 15. 16 394.50 17, 18, 19, 20 394.70 22, 23 394.60 17, 15, 19, 20, 21 394.70 1. 36 394.00 2, 3. 34. 35 394.10 4. 5. 32. 33 394.20 6, 7, 8, 29. 30, 31 394.30 9, 10. 27, 26 394.40 11. 12. 13, 24. 25, 26 394.50 14, 15, 22, 23 394.60 16, 17. 18, 19. 20. 21 39470 1, 14 394.80 1, 22 394.80 1, 30 394.80 27 27 27 27 26 26 26 27 27 28 28 2B 28 28 28 28 28 29 30 31 NOW. THEREFORE KNOW ALL MEN BY 1HESE PRESENTS THAT. Riverbend investment, Ltd.. a Texas limited partnership actin by and through the undersigned, its duly authorized agent, does hereby adopt this plat designating the heron obove described red property as Lots 4 through 8, Bleck 23. Lots 9 through 34, Both 25, Lots 13 through 20, Block 26, Lots 17 lbroigh 36. Block 27, Lots 1 though 36, Block 28, Lots 1 and 14, Block 29, Lots 1 and 22 Both 30 aid Lots 1 and 30, Bock 31. Lakes of River Trasa, Phase 12. an addition to the Oty of Fort Worth. Garrott County, Texas. wad do hereby dedicate to Um public's use the streets and easements shown therein. WITNESS MY HAND AT Fat Worth Tarrant County. Texas. this the der al Y Y 2011. Riveebmd InvssMmL Ltd., a Texas limited patnermp By STATE OF TEXAS COUNTY OF TARRANT BEFORE ME, the undersigned authority. en this day persdly appeared Riverbed Investment, Ltd., a Texas limited partnership, known to me to be the person .hose name ,s absorbed to the foregone instrument and canoe/edged to me that he/she executed the same fen the purposes and crosderatk0 therein expressed. OVEN UNDER MY HANG ANO SEAL OF OFFICE on the day of 2011. NOTARY PUBLIC TARRANT COUNTY. TEXAS This is to certify I, Herbert 5. Beasey. a Registered Professional Land Surveyor of the State of Texas, have surveyed the above described property on the ground. and that this plat correctly represents that survey made by me or under my direction and supervision. After construction, authorization, and compensation 1/2' iron rods capped and stamped -Beasley 4050' oil be set at all lot camels, angle points, and points of curve. irons that are damaged. disturbed. or not so marked are not to be considered original comers set by me. preliminary, this plat shall not be Red for any purpose. Herbert 5. Beasley Texas Registered Professional Land Surveyor State of Texos, No. 4050 HERBERT S. BEASLEY Final Plat of Lakes of River Trails Lots 4-8, Block 23; Lots 9-34, Block 25, Lots 13-20, Block 26; Lots 17-36, Block. 27; Lots 1-36, Block. 28; Lots 1, 14, Block 29; Lots 1, 22, Block 30, and Lots 1, 30, Block. 31, (101 Residential Lots) 18.084 Acres located in the John W. Sansom Survey, Abst. No. 1387 and the Allen S. Trimble Survey, Abst. No. 1528 in the City of Fort Worth, Tarrant County, Texas Prepared April 2011 N kfA IRAs 12 ml*C