HomeMy WebLinkAboutContract 48428CITYSECRTAWYJIG/J
ClDtlfiRACTAIO.� /�
COMPLETION AGREEMENT
This Completion Agreement ("Agreement"), is made and entered into by and between the
City of Fort Worth, ("City") and Quail Valley Devco I, LLC, a Texas Limited liability company,
authorized to do business in Texas, ("Developer"), effective as of the last date executed by a Party
hereto. The City and the Developer may collectively be called the "Parties".
WITNESSETH:
WHEREAS, the Developer owns that certain tract of real property that contains
approximately 178 acres of land 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, ("Property"); and
WHEREAS, the Developer intends to develop the Property as an addition to the City
through plat FP 16-049; and
WHEREAS, the Developer and the City have entered into a Community Facilities
Agreement relating to the development, Quail Valley Phase 1 C for water, sewer, paving and
drainage improvements ("Improvements"); and
WHEREAS, the City has required certain assurances that the Developer will cause to be
constructed to City standards the Improvements pursuant to the Community Facilities Agreement;
and
WHEREAS, the Parties desire to set forth the terms and conditions of such
accommodations as are described above.
NOW, THEREFORE, for and in consideration of the mutual covenants and agreements
hereinafter set forth, it is hereby agreed by and between City and Developer 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 (as shown
on Exhibit "B") required to complete the Community Facilities in the aggregate should not
exceed the sum of Eleven Million Five Hundred Fifteen Thousand Eighty -One and 16/100
Dollars ($11,515,081.16), hereinafter called the "Completion Amount". Notwithstanding
the foregoing, it is acknowledged that the actual costs of completion of the Community
City of Fort Worth, Texas
Standard Completion Agreement — Self -Funded
CFA Official Release Date: 07.01.2015
Page 1 of 20
OFFICIAL RECORD
CITY SECRETARY
FT, WORTH, TX
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.
City hereby waives the requirement for developer to deposit a financial guarantee of 100%
of the Hard Costs under the CFA Policy.
3. Completion by the Developer. The Developer agrees to complete the Community Facilities
and pay all Hard Costs in accordance with City standards, the CFA, the Plat, and the Plans
as approved by the City. For the purposes of this Agreement, the development of the
Property shall be deemed complete upon acceptance by the City of the Community
Facilities pursuant to Section 6, hereof.
4. 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 Developer's
Financial Guarantee, as described in the CFA Policy, 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.
5. Termination. This Agreement shall terminate upon the earlier to occur of the following:
(a) acceptance by the City of the Community Facilities; or (b) mutual written agreement of
the Parties.
6. 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 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.
City of Fort Worth, Texas
Standard Completion Agreement — Self -Funded
CFA Official Release Date: 07.01.2015
Page 2 of 20
7. 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 anyclaim that is related to the Property; and
1
D. A requirement that each contractor contractingwith the Developer include in each
q p
subcontract the statements contained in (a), (b) and (c) above.
8. 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:
and/or
(i) Notice to the City shall be addressed and delivered as follows:
City of Fort Worth
Planning & Development Department
1000 Throckmorton Street
Fort Worth, Texas 76102
Attention: CFA Division
Julie Westerman, Development Manager
Email: Julie. Westerman@fortworthtexas. gov
Confirmation Number: 817-392-2677
CFA Division
Email: CFA(a�fortworthtexas.gov
Confirmation Number: 817-392-2025
With a copy thereof addressed and delivered as follows:
City of Fort Worth, Texas
Standard Completion Agreement —Self-Funded
CFA Official Release Date: 07.01.2015
Page 3 of 20
City of Fort Worth
1000 Throckmorton Street
Fort Worth, Texas 76102
Attention: Douglas W. Black
Assistant City Attorney
Confirmation Number: 817-392-7615
(ii) Notice to the Developer shall be addressed and delivered as follows:
Quail Valley Devco I, LLC
8401 N. Central Expressway, Suite 350
Dallas, TX 75225
Attn: Clint Yeager
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.
G. Amendment. This Agreement may only be amended by a written instrument executed
by all of the Parties to this Agreement
City of Fort Worth, Texas
Standard Completion Agreement — Self -Funded
CFA Official Release Date: 07.01.2015
Page 4 of 20
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)
City of Fort Worth, Texas
Standard Completion Agreement — Self -Funded
CFA Official Release Date: 07.01.2015
Page 5 of 20
Executed in quadruplicate in each entity's respective name by its duly authorized signatories
effective as of the date executed by the City's City Manager or his/her designee.
CITY OF FORT WORTH:
Jesus J Chapa
Assistant City Manager
Date: r I I iP
k 1�
Approved as to Form & Legality:
Uctuglite4MT-Pritteir WAsta9- • imeccAticas
Assistant City Attorney " 12.11 t.0
ATTEST:
Mary J.
City Secretary
M&C: IA
Date:
From.
City of Fort Worth, Texas
Standard Completion Agreement —Self-Funded
CFA Official Release Date: 07.01.2015
Page 6 of 20
DEVELOPER:
Quail Valley Devco I, LLC
By: RPG QVR Development, LLC,
manager
Name: Clint Ye
Title: Vice Pr
dent
Date: ///10/i�
OFFICIAL RECORD
CITY SECRETARY
7. WORTH, TX
LIST OF EXHIBITS
ATTACHMENT "1 "- CHANGES TO STANDARD AGREEMENT
EXHIBIT A - LEGAL DESCRIPTION
EXHIBIT B - APPROVED BUDGET
City of Fort Worth, Texas
Standard Completion Agreement — Self -Funded
CFA Official Release Date: 07.01.2015
Page 7 of 20
ATTACHMENT "1"
Changes to Standard Agreement
Self -Funded Completion Agreement
None
City of Fort Worth, Texas
Standard Completion Agreement — Self -Funded
CFA Official Release Date: 07.01.2015
Page 8 of 20
EXHIBIT A
LEGAL DESCRIPTION
WHEREAS QUAIL VALLEY DEVCO I, LLC are the owners of a tract of land situated in the
Heirs of C.H. Higbee Survey, Abstract No. 2740, and the International & Great Northern R.R.
Co. Survey, Abstract No. 1996, Parker County, Texas, and being a portion of a Tract 1 as
described in deed to QUAIL VALLEY DEVCO I, LLC, as recorded in Document No.
201607571 of the Official Public Records of Parker County, Texas (O.P.R.P.C.T.), and being
more particularly described as follows:
BEGINNING at a 5/8 inch iron rod found with plastic cap stamped `Dunaway Assoc LP" at the
intersection of the westerly line of proposed Private Open Space Lot 7X, as shown on the
proposed final plat of Walsh Ranch Parkway, an addition to the City of Fort Worth, Parker
County, Texas, as recorded in Cabinet XXX, Page XXX of the Plat Records of Parker County,
Texas (P.R.P.C.T.), and the northerly right of way line of proposed Walsh Avenue, as shown on
the proposed final plat of Walsh Ranch Quail Valley Phase 1A, an addition to the City of Fort
Worth, Parker County, Texas, as recorded in Cabinet XXX, Page XXX of the Plat Records of
Parker County, Texas (P.R.P.C.T.);
THhNCE, departing the westerly line of said Private Open Space Lot 7X, and along the
northerly right of way line of Walsh Avenue the following courses:
THENCE, South 82 degrees 00 minutes 00 seconds West, a distance of 219.41 feet to a 5/8 inch
iron rod set with plastic cap stamped 'Huitt-Zollars", and being the beginning of a curve to the
right having a central angle of 30 degrees 00 minutes 00 seconds, a radius of 947.00 feet,
subtended by a 490.20 foot chord which bears North 83 degrees 00 minutes 00 seconds West;
THENCE, along said curve to the right an arc distance of 495.85 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars";
THENCE, North 68 degrees 00 minutes 00 seconds West, a distance of 355.64 feet to a 5/8 inch
iron rod set with plastic cap stamped "Hurtt-Zollars", and being the beginning of a curve to the
left having a central angle of 11 degrees 27 minutes 09 seconds, a radius of 973.00 feet,
subtended by a 194.16 foot chord which bears North 73 degrees 43 minutes 34 seconds West;
THENCE, along said curve to the left an arc distance of 194.49 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars" at the southeast of the proposed final plat of Walsh
Ranch Quail Valley Phase 1B, an addition to the City of Fort Worth, Parker County, Texas, as
recorded in Cabinet XXX, Page XXX of the Plat Records of Parker County, Texas (P.R.P.C.T.);
THENCE, departing the northerly right of way line of said Walsh Avenue, along said Walsh
Ranch Quail Valley Phase 1 B, the following courses:
City of Fort Worth, Texas
Standard Completion Agreement — Self -Funded
CFA Official Release Date: 07.01.2015
Page 9 of 20
North 10 degrees 32 minutes 51 seconds East, a distance of 125.00 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars", and being the beginning of a non -tangent curve to the
left having a central angle of 00 degrees 55 minutes 54 seconds, a radius of 1098.00 feet,
subtended by a 17.85 foot chord which bears North 79 degrees 55 minutes 06 seconds West;
Along said curve to the left an arc distance of 17.85 feet to a 5/8 inch iron rod set with plastic cap
stamped "Huitt-Zollars";
North, a distance of 146.43 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-
Zollars";
North 43 degrees 44 minutes 11 seconds West, a distance of 14.45 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars";
North 01 degree 45 minutes 11 seconds East a distance of 60.00 feet to a 5/8 inch iron rod set
with plastic cap stamped Huitt-Zollars", and being the beginning of a non -tangent curve to the
right having a central angle of 01 degree 29 minutes 16 seconds, a radius of 430.00 feet,
subtended by a 11.17 foot chord which bears South 87 degrees 30 minutes 11 seconds East;
Along said curve to the right an arc distance of 11.17 feet to a 5/8 inch iron rod set with plastic
cap stamped "Huitt-Zollars";
North, a distance of 65.69 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars";
West, a distance of 123.00 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-
Zollars";
North, a distance of 51.05 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-Zollars",
and being the beginning of a curve to the left having a central angle of 02 degrees 02 minutes 58
seconds, a radius of 1030.00 feet, subtended by a 36.84 foot chord which bears North 01 degree
01 minute 29 seconds West;
Along said curve to the left an arc distance of 36.84 feet to a 5/8 inch iron rod set with plastic cap
stamped "Huitt-Zollars"
South 87 degrees 57 minutes 02 seconds West, a distance of 60.00 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars", and being the beginning of a non -tangent curve to the
right having a central angle of 00 degrees 34 minutes 23 seconds, a radius of 970.00 feet,
subtended by a 9.70 foot chord which bears South 01 degree 45 minutes 47 seconds East;
Along said curve to the right an arc distance of 9.70 feet to a 5/8 inch iron rod set with plastic
cap stamped "Huitt-Zollars";
City of Fort Worth, Texas
Standard Completion Agreement — Self -Funded
CFA Official Release Date: 07.01.2015
Page 10 of 20
South 88 degrees 31 minutes 25 seconds West, a distance of 52.02 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars";
South 84 degrees 38 minutes 22 seconds West, a distance of 53.62 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars";
South 80 degrees 21 minutes 47 seconds West, a distance of 62.16 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars";
North 11 degrees 03 minutes 37 seconds West, a distance of 129.07 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars";
North 34 degrees 25 minutes 24 seconds Fast, a distance of 14.02 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars", and being the beginning of a non -tangent curve to the
right having a central angle of 00 degrees 42 minutes 59 seconds, a radius of 770.00 feet,
subtended by a 9.63 foot chord which bears North 80 degrees 38 minutes 14 seconds East;
Along said curve to the right an arc distance of 9.63 feet to a 5/8 inch iron rod set with plastic
cap stamped "Huitt-Zollars";
North 09 degrees 00 minutes 16 seconds West, a distance of 60.00 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars", and being the beginning of a non -tangent curve to the
left having a central angle of 10 degrees 53 minutes 19 seconds, a radius of 830.00 feet,
subtended by a 157.50 foot chord which bears South 75 degrees 33 minutes 04 seconds West;
Along said curve to the left an arc distance of 157.74 feet to a 5/8 inch iron rod set with plastic
cap stamped "Huitt-Zollars";
North 66 degrees 42 minutes 20 seconds West, a distance of 21.69 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars";
South 67 degrees 00 minutes 00 seconds West, a distance of 60.00 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars";
South 20 degrees 42 minutes 20 seconds West, a distance of 21.69 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars", and being the beginning of a non -tangent curve to the
left having a central angle of 05 degrees 18 minutes 59 seconds, a radius of 830.00 feet,
subtended by a 76.99 foot chord which bears South 61 degrees 14 minutes 06 seconds West;
Along said curve to the left an arc distance of 77.01 feet to a 5/8 inch iron rod set with plastic cap
stamped "Huitt-Zollars"
North 76 degrees 44 minutes 29 seconds West, a distance of 21.14 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars", and being the beginning of a non -tangent curve to the
City of Fort Worth, Texas
Standard Completion Agreement — Self -Funded
CFA Official Release Date: 07.01.2015
Page 11 of 20
right having a central angle of 03 degrees 02 minutes 36 seconds, a radius of 528.00 feet,
subtended by a 28.04 foot chord which bears North 29 degrees 12 minutes 22 seconds West;
Along said curve to the right an arc distance of 28.05 feet to a 5/8 inch iron rod set with plastic
cap stamped "Huitt-Zollars";
North 27 degrees 41 minutes 04 seconds West, a distance of 32.79 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars";
South 62 degrees 18 minutes 56 seconds West, a distance of 52.00 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars";
South 27 degrees 41 minutes 04 seconds East, a distance of 10.00 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars";
South 62 degrees 18 minutes 56 seconds West, a distance of 122.00 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars";
North 27 degrees 41 minutes 04 seconds West, a distance of 30.24 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars";
South 62 degrees 34 minutes 07 seconds West, a distance of 126.14 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars";
North 21 degrees 00 minutes 00 seconds West, a distance of 10.00 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars";
South 69 degrees 00 minutes 00 seconds West, a distance of 60.00 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars";
South 21 degrees 00 minutes 00 seconds East, a distance of 111.33 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars";
South 26 degrees 22 minutes 39 seconds West, a distance of 20.36 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars", and being the beginning of a non -tangent curve to the
right having a central angle of 00 degrees 38 minutes 58 seconds, a radius of 770.00 feet,
subtended by a 8.73 foot chord which bears South 74 degrees 31 minutes 50 seconds West;
Along said curve to the right an arc distance of 8.73 feet to a 5/8 inch iron rod set with plastic
cap stamped "Huitt-Zollars";
South 15 degrees 08 minutes 41 seconds East, a distance of 60.00 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars", and being the beginning of a non -tangent curve to the
City of Fort Worth, Texas
Standard Completion Agreement — Self -Funded
CFA Official Release Date: 07.01.2015
Page 12 of 20
right having a central angle of 05 degrees 08 minutes 41 seconds, a radius of 830.00 feet,
subtended by a 74.50 foot chord which bears South 77 degrees 25 minutes 40 seconds West;
Along said curve to the right an arc distance of 74.53 feet to a 5/8 inch iron rod set with plastic
cap stamped "Huitt-Zollars";
South 80 degrees 00 minutes 00 seconds West, a distance of 25.09 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars";
South 10 degrees 00 minutes 00 seconds East, a distance of 127.73 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars";
South 83 degrees 49 minutes 03 seconds West, a distance of 9.41 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars";
South, a distance of 171.49 feet to a 5/8 inch iron rod set with plastic cap stamped "Huitt-
Zollars";
South 05 degrees 31 minutes 02 seconds East, a distance of 52.08 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars", and being the beginning of a non -tangent curve to the
left having a central angle of 05 degrees 02 minutes 40 seconds, a radius of 1310.00 feet,
subtended by a 115.30 foot chord which bears North 81 degrees 57 minutes 38 seconds East;
Along said curve to the left an arc distance of 115.34 feet to a 5/8 inch iron rod set with plastic
cap stamped "Huitt-Zollars";
South 09 degrees 03 minutes 18 seconds East, a distance of 16.01 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars";
South 55 degrees 32 minutes 59 seconds East, a distance of 14.09 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars", and being the beginning of a non -tangent curve to the
left having a central angle of 01 degree 24 minutes 58 seconds, a radius of 580.00 feet, subtended
by a 14.33 foot chord which bears South 11 degrees 32 minutes 31 seconds East;
Along said curve to the left an arc distance of 14.33 feet to a 5/8 inch iron rod set with plastic cap
stamped "Huitt-Zollars";
South 12 degrees 15 minutes 00 seconds East, a distance of 81.69 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars";
South 33 degrees 29 minutes 33 seconds West, a distance of 20.94 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars" on the northerly right of way line of said Walsh
Avenue, and being the beginning of a non -tangent curve to the right having a central angle of 36
City of Fort Worth, Texas
Standard Completion Agreement — Self -Funded
CFA Official Release Date: 07.01.2015
Page 13 of 20
degrees 47 minutes 21 seconds, a radius of 1447.00 feet, subtended by a 913.23 foot chord which
bears North 82 degrees 04 minutes 24 seconds West;
THENCE, departing the westerly line of said Walsh Ranch Quail Valley Phase 1 B, and along the
northerly right of way line of said Walsh Avenue following courses:
Along said curve to the right an arc distance of 929.11 feet to a 5/8 inch iron rod set with plastic
cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the left having a
central angle of 27 degrees 45 minutes 07 seconds, a radius of 1353.00 feet, subtended by a
648.96 foot chord which bears North 77 degrees 33 minutes 17 seconds West;
Along said curve to the left an arc distance of 655.34 feet to a 5/8 inch iron rod set with plastic
cap stamped "Huitt-Zollars" on the Westerly line of Tract 1;
THENCE, departing the northerly right of way line of said Walsh Avenue, and along Tract 1, the
following courses:
THENCE, North 13 degrees 01 minute 33 seconds East, a distance of 190.46 feet to a 5/8 inch
iron rod set with plastic cap stamped 'Huitt-Zollars";
THENCE, North 63 degrees 10 minutes 59 seconds East, a distance of 89.72 feet to a 5/8 inch
iron rod set with plastic cap stamped 'Huitt-Zollars";
THENCE, North 35 degrees 40 minutes 07 seconds West, a distance of 128.27 feet to a 5/8 inch
iron rod set with plastic cap stamped 'Huitt-Zollars";
THENCE, North 22 degrees 27 minutes 21 seconds West, a distance of 60.00 feet to a 5/8 inch
iron rod set with plastic cap stamped "Huitt-Zollars", and being the beginning of a non -tangent
curve to the left having a central angle of 17 degrees 35 minutes 11 seconds, a radius of 220.00
feet, subtended by a 67.26 foot chord which bears North 58 degrees 45 minutes 03 seconds East;
THENCE, departing the westerly line of Tract 1, the following courses:
Along said curve to the left an arc distance of 67.53 feet to a 5/8 inch iron rod set with plastic cap
stamped "Huitt-Zollars";
North 40 degrees 02 minutes 32 seconds West, a distance of 210.76 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars" on the westerly line of Tract 1;
THENCE, North 05 degrees 50 minutes 37 seconds East a distance of 172.41 feet to a 5/8 inch
iron rod set with plastic cap stamped 'Huitt-Zollars", and being the beginning of a curve to the
right having a central angle of 11 degrees 24 minutes 15 seconds, a radius of 500.00 feet,
subtended by a 99.36 foot chord which bears North 11 degrees 32 minutes 44 seconds East;
City of Fort Worth, Texas
Standard Completion Agreement — Self -Funded
CFA Official Release Date: 07.01.2015
Page 14 of 20
THENCE, along said curve to the right an arc distance of 99.52 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars";
THENCE, North 17 degrees 14 minutes 52 seconds East a distance of 158.36 feet to a 5/8 inch
iron rod set with plastic cap stamped 'Huitt-Zollars", and being the beginning of a curve to the
left having a central angle of 36 degrees 11 minutes 43 seconds, a radius of 100.00 feet,
subtended by a 62.13 foot chord which bears North 00 degrees 51 minutes 00 seconds West;
THENCE, along said curve to the left an arc distance of 63.17 feet to a 5/8 inch iron rod set with
plastic cap stamped "Huitt-Zollars";
THENCE, North 18 degrees 56 minutes 51 seconds West, a distance of 11.89 feet to a 5/8 inch
iron rod set with plastic cap stamped 'Huitt-Zollars", and being the beginning of a curve to the
right having a central angle of 39 degrees 02 minutes 19 seconds, a radius of 100.00 feet,
subtended by a 66.82 foot chord which bears North 00 degrees 34 minutes 18 seconds East;
THENCE, along said curve to the right an arc distance of 68.14 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars";
THENCF, North 20 degrees 05 minutes 28 seconds i-iast a distance of 70.49 feet to a 5/8 inch
iron rod set with plastic cap stamped 'Huitt-Zollars", and being the beginning of a curve to the
right having a central angle of 08 degrees 22 minutes 10 seconds, a radius of 200.00 feet,
subtended by a 29.19 foot chord which bears North 24 degrees 16 minutes 33 seconds East;
THENCE, along said curve to the right an arc distance of 29.22 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the left
having a central angle of 50 degrees 57 minutes 11 seconds, a radius of 250.00 feet, subtended
by a 215.07 foot chord which bears North 02 degrees 59 minutes 02 seconds East;
THENCE, along said curve to the left an arc distance of 222.33 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the right
having a central angle of 54 degrees 59 minutes 15 seconds, a radius of 100.00 feet, subtended
by a 92.33 foot chord which bears North 05 degrees 00 minutes 04 seconds East;
THENCE, along said curve to the right an arc distance of 95.97 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars";
THENCE, North 32 degrees 29 minutes 42 seconds East a distance of 36.65 feet to a 5/8 inch
iron rod set with plastic cap stamped 'Huitt-Zollars", and being the beginning of a curve to the
left having a central angle of 46 degrees 54 minutes 26 seconds, a radius of 100.00 feet,
subtended by a 79.60 foot chord which bears North 09 degrees 02 minutes 28 seconds East;
THENCE, along said curve to the left an arc distance of 81.87 feet to a 5/8 inch iron rod set with
plastic cap stamped ' Huitt-Zollars';
City of Fort Worth, Texas
Standard Completion Agreement — Self -Funded
CFA Official Release Date: 07.01.2015
Page 15 of 20
THENCE, North 14 degrees 24 minutes 45 seconds West, a distance of 29.16 feet to a 5/8 inch
iron rod set with plastic cap stamped 'Huitt-Zollars", and being the beginning of a curve to the
right having a central angle of 32 degrees 55 minutes 14 seconds, a radius of 100.00 feet,
subtended by a 56.67 foot chord which bears North 02 degrees 02 minutes 52 seconds East;
THENCE, along said curve to the right an arc distance of 57.46 feet to a 5/8 inch iron rod set
with plastic cap stamped "Huitt-Zollars", and being the beginning of a reverse curve to the left
having a central angle of 18 degrees 53 minutes 19 seconds, a radius of 100.00 feet, subtended
by a 32.82 foot chord which bears North 09 degrees 03 minutes 49 seconds East;
THENCE, along said curve to the left an arc distance of 32.97 feet to a 5/8 inch iron rod set with
plastic cap stamped ' Huitt-Zollars";
THENCE, North 00 degrees 22 minutes 50 seconds West, a distance of 153.57 feet to a 5/8 inch
iron rod set with plastic cap stamped 'Huitt-Zollars";
THENCE, North 89 degrees 37 minutes 10 seconds East, a distance of 294.15 feet to a 5/8 inch
iron rod found with plastic cap stamped ` Dunaway Assoc LP' ;
THENCE, North 00 degrees 22 minutes 50 seconds West, a distance of 594.83 feet to a 5/8 inch
iron rod found with plastic cap stamped "Dunaway Assoc. LP";
THENCE, South 85 degrees 44 minutes 35 seconds East, a distance of 286.37 feet to a 5/8 inch
iron rod found with plastic cap stamped "Dunaway Assoc LP' ;
THENCE, South 64 degrees 53 minutes 26 seconds East, a distance of 167.77 feet to a 5/8 inch
iron rod found with plastic cap stamped "Dunaway Assoc LP' , and being the beginning of a
curve to the left having a central angle of 22 degrees 24 minutes 34 seconds, a radius of 960.00
feet, subtended by a 373.09 foot chord which bears South 76 degrees 05 minutes 43 seconds
East;
THENCE, along said curve to the left an arc distance of 375.47 feet to a 5/8 inch iron rod found
with plastic cap stamped "Dunaway Assoc LP"
THENCE, South 87 degrees 18 minutes 00 seconds East, a distance of 620.89 feet to a 5/8 inch
iron rod found with plastic cap stamped "Dunaway Assoc LP' on the westerly right of way line
of proposed Walsh Ranch Old Weatherford Road Connector (a variable width right of way), as
shown on the proposed Final Plat of Old Weatherford Road Connector Right -of -Way, an
addition to the City of Fort Worth, Parker County, Texas, as recorded in Cabinet XXX, Page
XXX, P.R.P.C.T.
THENCE, along the westerly and southerly right of way lines of Walsh Ranch Old Weatherford
Road Connector the following;
City of Fort Worth, Texas
Standard Completion Agreement — Self -Funded
CFA Official Release Date: 07.01.2015
Page 16 of 20
South 02 degrees 42 minutes 00 seconds West, a distance of 53.00 feet to a 5/8 inch iron rod
found with plastic cap stamped "Dunaway Assoc LP"
South 87 degrees 18 minutes 00 seconds East, a distance of 146.19 feet to a 5/8 inch iron rod
found with plastic cap stamped ` Dunaway Assoc. LP", and being the beginning of a curve to the
right having a central angle of 31 degrees 17 minutes 49 seconds, a radius of 1023.50 feet,
subtended by a 552.15 foot chord which bears South 71 degrees 39 minutes 05 seconds East;
Along said curve to the right an arc distance of 559.07 feet to a 5/8 inch iron rod found with
plastic cap stamped "Dunaway Assoc LP", and being the beginning of a reverse curve to the left
having a central angle of 51 degrees 45 minutes 52 seconds, a radius of 1076.50 feet, subtended
by a 939.83 foot chord which bears South 81 degrees 53 minutes 07 seconds East;
Along said curve to the left an arc distance of 972.57 feet to a 5/8 inch iron rod found with
plastic cap stamped `Dunaway Assoc LP", and being the beginning of a reverse curve to the
right having a central angle of 11 degrees 36 minutes 01 second, a radius of 1037.00 feet,
subtended by a 209.60 foot chord which bears North 78 degrees 01 minute 58 seconds East;
Along said curve to the right an arc distance of 209.95 feet to a 5/8 inch iron rod found with
plastic cap stamped `Dunaway Assoc. LP" at the intersection of the south right of way line of
Walsh Ranch Old Weatherford Road Connector (a variable width right of way), and the west
right of way line of proposed Walsh Ranch Parkway (a variable width right of way) as shown on
the proposed Final Plat of Walsh Ranch Parkway Right -of -Way and Lots 1X — 8X;
THENCE, along the westerly right of way line of the proposed Walsh Ranch Parkway, the
following courses:
South 06 degrees 10 minutes 02 seconds East, a distance of 51.52 feet to a 5/8 inch iron rod
found with plastic cap stamped "Dunaway Assoc LP", and being the beginning of a non -tangent
curve to the right having a central angle of 02 degrees 09 minutes 38 seconds, a radius of
1037.00 feet, subtended by a 39.10 foot chord which bears North 81 degrees 42 minutes 27
seconds East;
Along said curve to the right an arc distance of 39.10 feet to a 5/8 inch iron rod found with
plastic cap stamped `Dunaway Assoc LP", and being the beginning of a non -tangent curve to
the right having a central angle of 00 degrees 41 minutes 44 seconds, a radius of 3154.50 feet,
subtended by a 38.29 foot chord which bears South 01 degree 58 minutes 20 seconds East;
THENCE, along said curve to the right an arc distance of 38.29 feet to a 5/8 inch iron rod found
with plastic cap stamped "Dunaway Assoc LP ' at the northwest corner of said Private Open
Space Lot 7X;
City of Fort Worth, Texas
Standard Completion Agreement — Self -Funded
CFA Official Release Date: 07.01.2015
Page 17 of 20
THENCE, along the westerly line of the proposed Private Open Space Lot 7X, the following
courses:
South 01 degree 37 minutes 29 seconds East, a distance of 132.96 feet to a 5/8 inch iron rod
found with plastic cap stamped "Dunaway Assoc LP", and being the beginning of a curve to the
right having a central angle of 08 degrees 48 minutes 07 seconds, a radius of 1598.00 feet,
subtended by a 245.25 foot chord which bears South 02 degrees 46 minutes 35 seconds West;
Along said curve to the right an arc distance of 245.49 feet to a 5/8 inch iron rod found with
plastic cap stamped "Dunaway Assoc LP", and being the beginning of a non -tangent curve to
the left having a central angle of 44 degrees 10 minutes 38 seconds, a radius of 193.00 feet,
subtended by a 145.15 foot chord which bears South 23 degrees 39 minutes 24 seconds West;
Along said curve to the left an arc distance of 148.81 feet to a 5/8 inch iron rod found with
plastic cap stamped "Dunaway Assoc. LP", and being the beginning of a reverse curve to the
right having a central angle of 18 degrees 34 minutes 00 seconds, a radius of 517.00 feet,
subtended by a 166.80 foot chord which bears South 10 degrees 51 minutes 08 seconds West;
Along said curve to the right an arc distance of 167.53 feet to a 5/8 inch iron rod found with
plastic cap stamped `Dunaway Assoc LP", and being the beginning of a reverse curve to the left
having a central angle of 19 degrees 59 minutes 11 seconds, a radius of 783.00 feet, subtended
by a 271.75 foot chord which bears South 10 degrees 08 minutes 33 seconds West
Along said curve to the left an arc distance of 273.13 feet to a 5/8 inch iron rod found with
plastic cap stamped "Dunaway Assoc. LP";
THENCE, South 00 degrees 08 minutes 58 seconds West, a distance of 257.44 feet to a 5/8 inch
iron rod found with plastic cap stamped "Dunaway Assoc LP", and being the beginning of a
curve to the left having a central angle of 32 degrees 28 minutes 53 seconds, a radius of 603.00
feet, subtended by a 337.29 foot chord which bears South 16 degrees 05 minutes 28 seconds
East;
Along said curve to the left an arc distance of 341.85 feet to a 5/8 inch iron rod found with
plastic cap stamped `Dunaway Assoc LP", and being the beginning of a reverse curve to the
right having a central angle of 34 degrees 47 minutes 54 seconds, a radius of 407.00 feet,
subtended by a 243.41 foot chord which bears South 14 degrees 55 minutes 58 seconds East;
Along said curve to the right an arc distance of 247.19 feet to a 5/8 inch iron rod found with
plastic cap stamped "Dunaway Assoc LP", and being the beginning of a reverse curve to the left
having a central angle of 15 degrees 47 minutes 58 seconds, a radius of 443.00 feet, subtended
by a 121.77 foot chord which bears South 05 degrees 26 minutes 00 seconds East;
Along said curve to the left an arc distance of 122.16 feet to a 5/8 inch iron rod found with
plastic cap stamped `Dunaway Assoc LP", and being the beginning of a reverse curve to the
City of Fort Worth, Texas
Standard Completion Agreement — Self -Funded
CFA Official Release Date: 07.01.2015
Page 18 of 20
right having a central angle of 20 degrees 46 minutes 55 seconds, a radius of 837.00 feet,
subtended by a 301.93 foot chord which bears South 02 degrees 56 minutes 31 seconds East;
Along said curve to the right an arc distance of 303.59 feet to a 5/8 inch iron rod found with
plastic cap stamped `Dunaway Assoc. LP", and being the beginning of a reverse curve to the left
having a central angle of 01 degree 15 minutes 43 seconds, a radius of 453.00 feet, subtended by
a 9.98 foot chord which bears South 06 degrees 49 minutes 04 seconds West;
Along said curve to the left an arc distance of 9.98 feet to the POINT OF BEGINNING and
CONTAINING 177.98 acres of land, more or less.
City of Fort Worth, Texas
Standard Completion Agreement — Self -Funded
CFA Official Release Date: 07.01.2015
Page 19 of 20
EXHIBIT B
APPROVED BUDGET
Section I
Water $2,314,042.54
Sewer $2,590,853.00
Sub -total $4,904,895.54
Section II
Interior Streets
Storm Drains
Sub -total
Section III
Street Lights
Sub -total
$4,645,831.62
$1,964,354.00
$0.00
$6,610,185.62
$0.00
TOTAL $11,515,08116
City of Fort Worth, Texas
Standard Completion Agreement — Self -Funded
CFA Official Release Date: 07.01.2015
Page 20 of 20