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HomeMy WebLinkAboutContract 55738Received Date: May 21, 2021 Received Time: 12:09 pm Developer and Project Information Cover Sheet: Developer Company Name Address, State, Zip Code: Phone & Email: Authorized Signatory, Title Project Name: Brief Description: Project Location: Plat Case Number: Bloomfield Homes, L.P. 1050 E. Hwy ll4, Suite 210 Southlake, Texas 76092 (817) 416-1572 � Don@bloomfieldhomes.net Donald J. Dykstra, President Hulen Trails Phase 2 Water, Sewer, Paving, Storm Drain, Street Lights S Hulen St & Old Cleburne Crowley Rd Not Provided Plat Name: Hulen Trails Mapsco: Not Provided CFA Number: CFA21-0040 City of Fort Worth, Texas Standard Community Facilities Agreement Rev. 2/21 Council District: 6 City Project Number: 103141 � IPRC20-0162 �FFICIAL REC�RD CITY SECRETARY FT. W�RTH, TX Page 1 of 15 City Contract Number: 55738 STANDARD COMMUNITY FACILITIES AGREEMENT This COMMUNITY FACILITIES AGREEMENT ("Agreement") is made and entered into by and between the City of Fort Worth ("City"), a home-rule municipal corporation of the State of Texas, acting by and through its duly authorized Assistant City Manager, and Bloomfield Homes, L.P. ("Developer"), acting by and through its duly authorized representative. City and Developer are referred to herein individually as a"party" and collectively as the "parties." WHEREAS, Developer is constructing private improvements or subdividing land within the corporate limits of Fort Worth, Texas or its extraterritorial jurisdiction, for a project known as Hulen Trails Phase 2 ("Project"); and WHEREAS, the City desires to ensure that all developments are adequately served by public infrastructure and that the public infrastructure is constructed according to City standards; and WHEREAS, as a condition of approval of the Project, Developer is required to bear a portion of the costs of municipal infrastructure by constructing the public infrastructure necessary for the Project as described in this Agreement ("Community Facilities" or "Improvements"); and WHEREAS, as a condition of approval of the Project, Developer is required to meet the additional obligations contained in this Agreement, and Developer may be required to make dedications of land, pay fees or construction costs, or meet other obligations that are not a part of this Agreement.; and WHEREAS, the City is not participating in the cost of the Improvements or Project; and WHEREAS, the Developer and the City desire to enter into this Agreement in connection with the collective Improvements for the Project; NOW, THEREFORE, for and in consideration of the covenants and conditions contained herein, the City and the Developer do hereby agree as follows: 1. CFA Ordinance The Community Facilities Agreements Ordinance ("CFA Ordinance"), as amended, is incorporated into this Agreement by reference, as if it was fully set forth herein. Developer agrees to comply with all provisions of the CFA Ordinance in the performance of Developer's duties and obligations pursuant to this Agreement and to cause a11 contractors hired by Developer to comply with the CFA Ordinance in connection with the work performed by the contractors. If a conflict exist between the terms and conditions of this Agreement and the CFA Ordinance, the CFA Ordinance shall control. City of Fort Worth, Texas Standard Community Facilities Agreement Rev. 2/21 �FFICIAL RECORD CITY SECRETARY FT. W�RTH, TX 2. Incorporation of Engineering Plans The engineering plans for the Improvements that have been approved by the City ("Engineering Plans") are incorporated into this Agreement by reference as if fully set out herein. Developer shall provide at its expense, unless otherwise agreed to by City, all engineering drawings and documents necessary to construct the Improvements required by this Agreement. 3. Description of Improvements; Exhibits and Attachments The following exhibits describe the generallocation, nature and extent of the Improvements that are the subject of this Agreement and are attached hereto and incorporated herein by reference: � Exhibit A: Water � Exhibit A-1: Sewer � Exhibit B: Paving ❑X Exhibit B-1: Storm Drain ❑X Exhibit C: Street Lights & Signs The Location Map and Cost Estimates are also attached hereto and incorporated herein by reference. To the extent that Exhibits A, A-1, B, B-1, C, the Location Map, or the Cost Estimates conflict with the Engineering Plans, the Engineering Plans shall control. If applicable, Attachment 1— Changes to Standard Community Facilities Agreement, Attachment 2— Phased CFA Provisions, and Attachment 3— Concurrent CFA Provisions, are attached hereto and incorporated herein for all purposes. 4. Construction of Improvements Developer agrees to cause the construction of the Improvements contemplated by this Agreement and that said construction shall be completed in a good and workmanlike manner and in accordance with all City standards and specifications, the Engineering Plans, the Cost Estimates provided for the Improvements, and this Agreement. Developer acknowledges that Ciry will not accept the Improvements until the City receives affidavits and lien releases signed by Developer's contractors verifying that the contractors, and all subcontractors and material suppliers, have been paid in full for constructing the Improvements, and consent of the surety on payment and performance bonds provided for the Improvements. 5. Financial Guarantee Developer has provided the City with a financial guarantee in the form and amounts set forth in this Agreement which guarantees the construction of the Improvements and payment by Developer of all contractors, subcontractors, and material suppliers for the Improvements ("Financial Guarantee"). Developer shall keep the Financial Guarantee in full force and effect until released by the City and shall not reduce the amount of the Financial Guarantee unless authorized by the City in accordance with the CFA Ordinance. City of Fort Worth, Texas Page 3 of 15 Standard Community Facilities Agreement Rev. 2/21 6. Completion Deadline; Extension Periods This Agreement shall be effective on the date this Agreement is executed by the City's Assistant City Manager ("Effective Date"). Developer shall complete construction of the Improvements and obtain the City's acceptance of the Improvements within two (2) years of the Effective Date ("Term"). If construction of the Improvements has started during the Term, the Developer may request that this Agreement be extended for an additional period of time ("Extension Period"). All Extension Periods shall be agreed to in writing by the City and the Developer as set forth in a written amendment to this Agreement. In no event shall the Term of this Agreement plus any Extension Periods be for more than three years. 7. Failure to Construct the Improvements (a) The City may utilize the Developer's Financial Guarantee to cause the completion of the construction of the Improvements if at the end of the Term, and any Extension Periods, the Improvements have not been completed and accepted by the City. (b) The City may utilize the Developer's Financial Guarantee to cause the completion of the construction of the Improvements or to cause the payment of costs for construction of the Improvements before the expiration of the Term, and any Extension Period, if the Developer breaches this Agreement, becomes insolvent, or fails to pay costs of construction. (c) If the Financial Guarantee is a Completion Agreement and the Developer's contractors ar suppliers are not paid for construction costs or materials supplied for the Improvements the contractors and suppliers may place a lien upon any properry which the City does not have an ownership interest that is the subject of the Completion Agreement. (d) Nothing contained herein is intended to limit the Developer's obligations under the CFA Ordinance, this Agreement, the Financial Guarantee, Developer's agreements with Developer's contractors, or other related agreements. 8. Termination If Developer desires to terminate this Agreement before Developer's contractors begin constructing the Improvements, Developer agrees to the following: (a) that Developer and City must execute a termination of this Agreement in writing; (b) that Developer will vacate any final plats that have been filed with the county where the Project is located; and (c) to pay to the City all costs incurred by the City in connection with this Agreement, including time spent by the City's inspectors at preconstruction meetings. 9. Award of Construction Contracts City of Fort Worth, Texas Page 4 of 15 Standard Community Facilities Agreement Rev. 2/21 (a) Developer will award all contracts for the construction of the Improvements and cause the Improvements to be constructed in accordance with the CFA Ordinance. (b) Developer will employ construction contractors who meet the requirements of the City to construct the Improvements including, but not limited, to being prequali�ed, insured, licensed and bonded to construct the Improvements in the City. (c) Developer will require Developer's contractors to provide the City with payment and performance bonds naming the City and the Developer as dual obligees, in the amount of one hundred percent (100%) of the cost of the Improvements as required by the CFA Ordinance. The payment and performance bonds shall guarantee construction of the Improvements and payment of all subcontractors and material suppliers. Developer agrees to require Developer's contractors to provide the City with a maintenance bond naming the City as an obligee, in the amount of one hundred percent (100%) of the cost of the Improvements, that guarantees correction of defects in materials and warkmanship for the Improvements by the contractor and surety for a period of two (2) years after completion and final acceptance of the Improvements by the City. All bonds must be provided to the City before construction begins and must meet the requirements of the City's Standard Conditions, Chapter 2253 of the Texas Government Code, and the Texas Insurance Code. (d) Developer will require Developer's contractors to provide the City with insurance equal to or in excess of the amounts required by the City's standard specifications and contract documents for developer-awarded infrastructure construction contracts. The City must be named as an additional insured on all insurance policies. The Developer must provide the City with a Certificate of Insurance (ACORD or form approved by the State of Texas), supplied by each contractor's insurance provider, which shall be made a part of the Project Manual. (e) Developer will require the Developer's contractors to give forty-eight (48) hours' advance notice of their intent to commence construction of the Improvements to the City's Construction Services Division so that City inspection personnel will be available. Developer will require Developer's contractors to allow construction of the Improvements to be subject to inspection at any and all times by the City's inspectors. Developer will require Developer's contractors to not install or relocate any sanitary sewer, storm drain, or water pipe unless a City inspector is present and gives consent to proceed, and to allow such laboratory tests as may be required by the City. (fl Developer will not allow Developer's contractors to begin construction of the Improvements until a notice to proceed to construction is issued by the City. (g) Developer will not allow Developer's contractors to connect buildings to service lines of sewer and water mains constructed pursuant to this Agreement, if any, until said sewer, water mains and service lines have been completed to the satisfaction of the City. 10. Utilities Developer shall cause the installation or adjustment of utilities required to: (1) serve the Project; and (2) to construct the Improvements required herein. City shall not be responsible for payment of any costs that may be incurred by Developer in the relocation of any utilities that are or may be in conflict with any of the Improvements to be constructed pursuant to this Agreement. City of Fort Worth, Texas Page 5 of 15 Standard Community Facilities Agreement Rev. 2/21 11. Easements and Rights-of-Way Developer agrees to provide, at its expense, all necessary rights-of-way and easements required for the construction and dedication to the City of the Improvements provided for by this Agreement. 12. Liability and Indemnification (a) DEVELOPER HEREBY RELEASES AND AGREES TO INDEMNIFY, DEFEND AND HOLD THE CITY HARMLESS FOR ANY INADEQUACIES IN THE PRELIMINARY PLANS, SPECIFICATIONS, ENGINEERING PLANS, AND COST ESTIMATES SUPPLIED BY THE DEVELOPER FOR THIS AGREEMENT. (b) THE DEVELOPER COVENANTS AND AGREES TO, AND BY THESE PRESENTS DOES HEREBY FULLY INDEMNIFY, HOLD HARMLESS AND DEFEND THE CITY, ITS OFFICERS, AGENTS AND EMPLOYEES FROM ALL SUITS, ACTIONS OR CLAIMS OF ANYCHARACTER, WHETHERREAL ORASSERTED, BROUGHTFOR OR ONACCOUNT OFANYINJURIES OR DAMAGESSUSTAINED BYANYPERSONS, INCLUDINGDEATH, OR TO ANY PROPERTY, RESULTING FROM OR IN CONNECTION WITH THE CONSTR UCTION, DESIGN, PERFORMANCE OR COMPLETION OF ANY WORK TO BE PERFORMED BY SAID DEVELOPER, ITS CONTRACTORS, SUBCONTRACTORS, OFFICERS, AGENTS OR EMPLOYEES, OR IN CONSEQUENCE OF ANY FAILURE TO PROPERLYSAFEGUARD THE WORK, OR ONACCOUNT OFANYACT, INTENTIONAL OR OTHERWISE, NEGLECT OR MISCONDUCT OF SAID DEVELOPER, ITS CONTRACTORS, SUB-CONTRACTORS, OFFICERS, AGENTS OR EMPLOYEES, WHETHER OR NOT SUCH INJURIES, DEATH OR DAMAGES ARE CAUSED, IN WHOLE OR IN PART, BY THE ALLEGED NEGLIGENCE OF THE CITY OF FORT WORTH, ITS OFFICERS, SERVANTS, OR EMPLOYEES. (c) DEVELOPER WILL REQUIRE ITS CONTRACTORS TO INDEMNIFY, DEFEND AND HOLD HARMLESS THE CITY, ITS OFFICERS, AGENTS AND EMPLOYEES FROM AND AGAINST ANY AND ALL CLAIMS, SUITS OR CAUSES OF ACTION OF ANY NATURE WHATSOEVER, WHETHER REAL OR ASSERTED, BROUGHT FOR OR ON ACCOUNT OF ANY INJURIES OR DAMAGES TO PERSONS OR PROPERTY, INCL UDING DEATH, RESULTING FROM, OR INANY WAY CONNECTED WITH, THE CONSTRUCTION OF THE IMPROVEMENTS CONTEMPLATED HEREIN, WHETHER OR NOT SUCH INJURIES, DEATH OR DAMAGES ARE CAUSED, IN WHOLE OR IN PART, BY THE ALLEGED NEGLIGENCE OF THE CITY OF FORT WORTH, ITS OFFICERS, SERVANTS, OR EMPLOYEES. FURTHER, DEVELOPER WILL REQUIRE ITS CONTRACTORS TO INDEMNIFY, DEFEND, AND HOLD HARMLESS THE CITY FOR ANY LOSSES, DAMAGES, COSTS OR EXPENSES SUFFERED BY THE CITY OR CAUSED AS A RESULT OF SAID CONTRACTORS' FAILURE TO COMPLETE THE WORK AND CONSTRUCT THE IMPROVEMENTS IN A GOOD AND WORKMANLIKE MANNER, FREE FROM DEFECTS, IN CONFORMANCE WITH THE CFA ORDINANCE, AND INACCORDANCE WITHALL PLANSAND SPECIFICATIONS. 13. Right to Enforce Contracts City of Fort Worth, Texas Page 6 of 15 Standard Community Facilities Agreement Rev. 2/21 Upon completion of all work associated with the construction of the Improvements, Developer will assign to the City a non-exclusive right to enforce the contracts entered into by Developer with its contractors, along with an assignment of all warranties given by the contractors, whether express or implied. Further, Developer agrees that all contracts with any contractor shall include provisions granting to the City the right to enforce such contracts as an express intended third party beneficiary of such contracts. 14. Estimated Fees Paid by Developer; Reconciliation Prior to execution of this Agreement, Developer has paid to the City the estimated cost of administrative material testing service fees, construction inspection service fees, and water testing lab fees in the amounts set forth in the Cost Summary section of this Agreement. Upon completion of the construction of the Improvements, the City will reconcile the actual cost of administrative material testing service fees, construction inspection service fees, and water testing lab fees with the estimated fees paid by Developer. If the actual costs of the fees are more than the estimated payments made by the Developer, ihe Developer must pay the difference to the City before the Improvements will be accepted by the City. If the actual costs of the fees are less than the estimated payments made by the Developer, the City will refund the difference to the Developer. If the difference between the actual costs and the estimated payments made by the Developer is less than fifty dollars ($50.00), the City will not issue a refund and the Developer will not be responsible for paying the difference. The financial guarantee will not be released by the City or returned to the Developer until reconciliation has been completed by the City and any fees owed to the City have been paid by the Developer. 15. Material Testing The City maintains a list of pre-approved material testing laboratories. The Developer must contract with material testing laboratories on the City's list. Material testing laboratories willprovide copies of all test results directly to the City and the Developer. If the Improvements being constructed fail a test, the Developer must correct or replace the Improvements until the Improvements pass all retests. The Developer must pay the material testing laboratories directly for all material testing and retesting. The City will obtainproof from the material testing laboratories that the material testing laboratories have been paid in full by the Developer before the City will accept the Improvements. 16. Notices All notices required or permitted under this Agreement may be given to a party by hand- delivery or by mail, addressed to such party at the address stated below. Any notice so given shall be deemed to have been received when deposited in the United States mail so addressed with postage prepaid: CITY: Development Coordination Office City of Fort Worth 200 Texas Street Fort Worth, Texas 76102 DEVELOPER: Bloomfield Homes, L.P. 1050 E. Hwy 114, Suite 210 Southlake, Texas 76092 City of Fort Worth, Texas Standard Community Facilities Agreement Rev. 2/21 Page 7 of 15 With copies to: City Attorney's Office City of Fort Worth 200 Texas Street Fort Worth, Texas 76102 and City Manager's Office City of Fort Worth 200 Texas Street Fort Worth, Texas 76102 Or to such other address one party may hereafter designate by notice in writing addressed and mailed or delivered to the other party hereto. 17. Right to Audit Developer agrees that, until the expiration of three (3) years after acceptance by the City of the Improvements constructed pursuant to this Agreement, that the City shall have access to and the right to examine any directly pertinent books, documents, papers and records of the Developer involving transactions relating to this Agreement. Developer agrees that the City shall have access during normal working hours to all necessary Developer facilities and shall be provided adequate and appropriate workspace in order to conduct audits in compliance with the provisions of this section. The City shall give Developer reasonable advance notice of intended audits. Developer further agrees to include in all contracts with Developer's contractors for the Improvements a provision to the effect that the contractor agrees that the City shall, until the expiration of three (3) years after �nal payment under the contract, have access to and the right to examine any directly pertinent books, documents, papers and records of such contractor, involving transactions to the contract, and further, that City shall have access during normal working hours to all of the contractor's facilities, and shall be provided adequate and appropriate work space in order to conduct audits in compliance with the provisions of this section. City shall give Developer's contractors reasonable advance notice of intended audits. 18. Independent Contractor It is expressly understood and agreed that Developer and its employees, representative, agents, servants, officers, contractors, subcontractors, and volunteers shall operate as independent contractors as to all rights and privileges and work performed under this Agreement, and not as agents, representatives or employees of the City. Subj ect to and in accordance with the conditions and provisions of this Agreement, Developer shall have the exclusive right to control the details of its operations and activities and be solely responsible for the acts and omissions of its employees, representatives, agents, servants, officers, contractors, subcontractors, and volunteers. Developer acknowledges that the doctrine of respondeat superior shall not apply as between the City and its officers, representatives, agents, servants and employees, and Developer and its employees, representatives, agents, servants, officers, contractors, City of Fort Worth, Texas Page 8 of 15 Standard Community Facilities Agreement Rev. 2/21 subcontractors, and volunteers. Developer further agrees that nothing herein shall be construed as the creation of a partnership or joint enterprise between City and Developer. It is further understood that the City shall in no way be considered a co-employer or a joint employer of Developer or any employees, representatives, agents, servants, officers, contractors, subcontractors, and volunteers of Developer. Neither Developer, nor any officers, agents, servants, employees or subcontractors of Developer shall be entitled to any employment benefits from the City. Developer shall be responsible and liable for any and all payment and reporting of taxes on behalf of itself, and any of employees, representatives, agents, servants, officers, contractors, subcontractors, and volunteers. The City, through its authorized representatives and employees, shall have the sole and exclusive right to exercise jurisdiction and control over City employees. 19. Applicable Law; Venue This Agreement shall be construed under and in accordance with Texas law. Venue shall be in the state courts located in Tarrant County, Texas or the United States District Court for the Northern District of Texas, Fort Worth Division. 20. Non-Waiver The failure of the City to insist upon the performance of any term or provision of this Agreement or to exercise any right herein conferred shall not be construed as a waiver or relinquishment to any extent of City's right to assert or rely on any such term or right on any future occasion. 21. Governmental Powers and Immunities. It is understood that by execution of this Agreement, the City does not waive or surrender any of its governmental powers or immunities. 22. Headings The paragraph headings contained herein are for the convenience in reference and are not intended to define or limit the scope of any provision of this Agreement. 23. Severability In the event that any clause or provision of this Agreement shall be held to be invalid by any court of competent jurisdiction, the invalidity of such clause or provision shall not affect any of the remaining provisions hereof. 24. Review of Counsel City and Developer, and if they so choose, their attorneys, have had the opportunity to review City of Fort Worth, Texas Page 9 of 15 Standard Community Facilities Agreement Rev. 2/21 and comment on this document; therefore any rule of contract construction or interpretation that would normally call for the document to be interpreted as against the drafting party shall not apply in interpretation of this Agreement, and each section, portion, and provision of this Agreement shall be construed solely on the basis of the language contained therein, regardless of who authored such language. 25. Prohibition on Boycotting Israel Developer acknowledges that in accordance with Chapter 2271 of the Texas Government Code, the City is prohibited from entering into a contract with a company with 10 or more full-time employees that has a value of $100,000 or more that is to be paid wholly or partly from public funds of the City for goods or services unless the contract contains a written verification from the company that it: (1) does not boycott Israel; and (2) will not boycott Israel during the term of the contract. The terms "boycott Israel" and "company" has the meaning ascribed to those terms by Chapter 2271 of the Texas Government Code. To the extent that Chapter 2271 of the Government Code is applicable to this Agreement, by signing this Agreement, Developer certi�es that Developer's signature provides written veri�cation to the City that Developer: (1) does not boycott Israel; and (2) will not boycott Israel during the term of this Agreement. 26. Immigration and Nationality Act Developer shall verify the identity and employment eligibility of its employees who perform work under this Agreement, including completing the Employment Eligibility Verification Form (I-9). Upon request by City, Developer shall provide Ciry with copies of all I-9 forms and supporting eligibility documentation for each employee who performs work under this Agreement. Developer shall adhere to all Federal and State laws as well as establish appropriate procedures and controls so that no services will be perfortned by any Developer employee who is not legally eligible to perform such services. DEVELOPEIZ SHALL INDEMNIFY CITY AND HOLD CITY HARMLESS FROM ANY PENALTIES, LIABILITIES, OR LOSSES DUE TO VIOLATIONS OF THIS PARAGRAPH BY DEVELOPER, DEVELOPER'S EMPLOYEES, StIBCONTRACTORS, AGENTS, OR LICENSEES. City, upon written notice to Developer, shall have the right to immediately terminate this Agreement for violations of this provision by Developer. 27. Amendment No amendment, modification, or alteration of the terms of this Agreement shall be binding unless the same is in writing, dated subsequent to the date hereof, and duly executed by the City and Developer. 28. Assignment and Successors Developer shall not assign or subcontract all or any part of its rights, privileges, or duties under this Agreement without the prior written consent of City. Any attempted assignment or subcontract without the City's prior written approval shall be void and constitute a breach of this Agreement. 29. No Third-Party Beneficiaries City of Fort Worth, Texas Page 10 of 15 Standard Community Facilities Agreement Rev. 2/21 The provisions and conditions of this Agreement are solely for the benefit of the City and Developer, and any lawful assign or successor of Developer, and are not intended to create any rights, contractual or otherwise, to any other person or entity. 30. Compliance with Laws, Ordinances, Rules and Regulations Developer, its officers, agents, servants, employees, and contractors, shall abide by and comply with all laws, federal, state and local, including all ordinances, rules and regulations of City. It is agreed and understood that, if City calls to the attention of Developer any such violation on the part of Developer or any of its officers, agents, servants, employees, or subcontractors, then Developer shall immediately desist from and correct such violation. 31. Signature Authority The person signing this Agreement on behalf of Developer warrants that he or she has the legal authority to execute this Agreement on behalf of the Developer, and that such binding authority has been granted by proper order, resolution, ordinance or other authorization of the entity. The Ciry is fully entitled to rely on this warranty and representation in entering into this Agreement. 32. Counterparts This Agreement may be executed in multiple counterparts, each of which will be deemed an original, but which together will constitute one instrument. 33. Entire Agreement This written instrument, together with any attachments, exhibits, and appendices, constitutes the entire understanding between the City and Developer concerning the work to be performed hereunder, and any prior or contemporaneous, oral or written agreement that purports to vary from the terms hereof shall be void. [REMAINDER OF PAGE INTENTIONALLY BLANK] City of Fort Worth, Texas Page 11 of 15 Standard Community Facilities Agreement Rev. 2/21 34. Cost Summary Sheet Project Name: Hulen Trails Phase 2 CFA No.: CFA21-0040 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 4. Signals TPW Construction Cost Total City Project No.: 103141 Total Construction Cost (excluding the fees): Estimated Construction Fees: C. Construction Inspection Service Fee D. Administrative Material Testing Service Fee E. Water Testing Lab Fee Total Estimated Construction Fees: Developer's Cost IPRC No.: IPRC20-0162 $ 637,913.71 $ 712,439.74 $ 1,350,353.45 $ 1,854,183.40 $ 913,673.91 $ 197,830.32 $ - $ 2,965,687.63 $ 4,316,041.08 $68,750.00 $35,623.00 $900.00 $ 105,273.00 Choice Financial Guarantee O tions, choose one Amount Mark one Bond = 100% $ 4,316,041.08 Com letion A reement = 100% / Holds Plat $ 4,316,041.08 X Cash Escrow Water/Sanitar Sewer= 125% $ 1,687,941.81 Cash Escrow Pavin /Storm Drain = 125% $ 3,707,109.54 Letter of Credit = 125% $ 5,395,051.35 City of Fort Worth, Texas Page 12 of 15 Standard Community Facilities Agreement Rev. 2/21 IN WITNESS WHEREOF, the City and Developer have each executed this Agreement by their duly authorized signatories to be effective on the date executed by the City's Assistant City Manager. CITY OF FORT WORTH �a� ��A���� Dana Burghdoff (� ay 18, 2 09�U�1 .09 CDT) Dana Burghdoff Assistant City Manager Date: May 18, 2021 Recommended by: ��¢,nrtr�¢�, �a,2.�t�'�.c.� CJ �/ Evelyn Roberts/Jennifer Ezernack Project Assistant Planning and Development AppYoved as to Form & Legality: � Richard A. McCracken (May 18, 202108:10 CDTI Richard A. McCracken Sr. Assistant City Attorney M&C No. Date: May 18, 2021 Form 1295: ATTEST: �� � � DEVELOPER Bloomfield Homes, L.P. �� ��� Don Dykstra (May P, 202ll033 PDT) Donald J. Dykstra President Date: May 17, 2021 Contract Compliance Manager: By signing, I acknowledge that I am the person responsible for the monitoring and administration of this contract, including ,�,'0'444���� ensuring all performance and reporting ,o, FORT �� � O�o°°°°°°�o�L�d� requirements. a��° °���d � 0 � � o � _ � L7q�rie �S��G�tt �Io�qGes �� �� p��Fj Janie Scarlett Morales (May P, 2021 22:59 CDT) �o ����O00000°°� a n� �EXp�ro,.dQ' Janie Scarlett Morales Development Manager Mary J. Kayser/ Ronald Gonzales City Secretary / Assistant City Secretary City of Fort Worth, Texas Standard Community Facilities Agreement Rev. 2/21 OFFICIAL REC�RD CITY SECRETARY FT. W�RTH, TX Page 13 of 15 The following attachments are incorporated into this Agreement. To the extent a conflict exists between the main body of this Agreement and the following attachments, the language in the main body of this Agreement shall be controlling. Included Attachment 0 Attachment 1- Changes to Standard Community Facilities Agreement ❑ Attachment 2— Phased CFA Provisions ❑ Attachment 3— Concurrent CFA Provisions 0 Location Map � Exhibit A: Water Improvements 0 Exhibit A-1: Sewer Improvements 0 Exhibit B: Paving Improvements � Exhibit B-1: Storm Drain Improvements � Exhibit C: Street Lights and Signs Improvements 0 Cost Estimates (Remainder of Page Intentionally Left Blank) City of Fort Worth, Texas Page 14 of 15 Standard Community Facilities Agreement Rev. 2/21 ATTACHMENT "1" Changes to Standard Community Facilities Agreement City Project No. 103141 None City of Fort Worth, Texas Page 15 of 15 Standard Community Facilities Agreement Rev. 2/21 N W e �p E � \ S �� a� �� ��F Lr�' � PROJECT LOCATION � � I � 11E] Q2020M'icrosoftCorporation02020TomTom ��"�"'I ���JL�1 � ����y ����JL� � LOCAT]EI� Il�T ��TY OF FOl�T 1�4�O1�T]�I, '�Y,]E�� CPI�I e 103141 1�1�PSC0 �TO. : 117 E � F I�RIE'�aIRE� 1FC�IR. �BLOOMFIELD HOMES 1050 E. 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I � I — � I � � I �, � �_ � � � � � � � � U � �F� � � � � O � � W U W � � � � � � � � � � � � Z () h WC !� W Q O W Z J H � W � d W S °L U 2 N � (� J O O Z a d � N � � X 1 d W � C7_ � W , W J 1--\ � ���� � � W ` N N oNi i w F o � ? _ ^ ^ � i �(� yXT w � �� i O T W � � � Y �� a � � �_� ��' �, � Q � � �-''`, �W o7v � � � � � y � � f O � � � � : � � i W � � � �� � 0 � � 0 N 0 N O> Q Q O � 6� � � N S � v O � Q L� � � Q � � / � � � � m � � � _ � � � O / W SEC'fi�iv (�� d2 �3 Devcloper A«'arded 1'rojects - PROPOSAl. i0R�1 Flulen'I'rails Plyase:, Ci[yPmject?�Id3I41 llIV1T PR10E 131ll PrnjcCt 1lC�n fliftinitalior] Item F []ascription Pe 9id 7his bid is submltted py the enlily listed helow: Company: Gfico Contraeting, I�c, StreetAddress:5331 Sau[hwest9lvd. City, Slate, Zip Code� eenhrook, T)[ 78132 Pnpne 817-735-1600 Ci I I.0 D tlnit of gl� Unit Frice 13id Value hiea+ure Uuamih• By: GiEco Con[raGting, In�, LCIit l�7L�silBh Signature 7itle: V.P. Qperaliqns Date- March 12. 2021 CvniruttorAg.cesincompMtelYOHlilarF7NALACCEP'1'ANCEwl�in ]� workingdwys COtiTRACT commenrea fo run as provided in Ihe Gancr.�l C'onJiNona. EN D OF 5ECFlp Y PaVin FaCi(ities Suhfotal -- - � Tfltaf Bid and 2- ear Maintenance Bonds Grand Totaf 783.4U S'f.876 C[] Y uF Yn0.l ivl]g7H ![nlrn T�a;l�. F6ar2 yTM1M1llHllCY7NC7H?I�}�DN GIFI PRC�AC]SALi]EVFI,�11�yRpwpKpgppHOlECTS Cin' Fmjcci •Gii]•54 Frvm Hnisvl7a�imry' ]'1. J i2l i W i,.[3 Ri� k'rc]•�� SECTION 00 42 43 Developer Awarded Projects - PROPOSAL FORM Hulen Trails Phase 2, City Project #103141 UN[T PR[CE BID Project Item [nformation IUC Bidlist Specification Unit of Bid Item Description Section No. Measure uuiti Unit Price Bid Vahie Street Lighting Facilities 2605.3011 2" CONDT PVC SCH � 3441.1408 NO 6 Insulated Elec Cc 3441.1633 Type 33B Arm 3441.3201 LED Lighting Fi�ure (F 3441.3201 LED Lighting Fi�ure (F 3441.3301 Rdwy Illum Foundation 3441.3341 Rdwy Illum TY 11 Pole Street Lighting Subtotal 26 OS 33 LF 5,748 $11.89 $68 34 41 10 LF 17,244 $1.15 $19 34 41 20 EA 36 $172.00 $6 34 41 20 EA 32 $282.00 $9 34 41 20 EA 4 $282.00 $1 354120 EA 36 $1,090.00 $39 344120 EA 36 $1,502.00 $54 5797 This bid is submitted by the entity listed below: � Company: Independent Utility Construction, Inc. gy; /' �� Street Address: 5109 Sun Valley Drive / City, State, Zip Code: Ft. Worth, TX 76119 �� Phone:817-478-4444 Signatu e � TiUe: Richard Wolfe Date: President CoNractoragrees fo complefe WORK for FINAL ACCEPTANCE within J> working days after the date when the CONTRACT commences to run as provided in Ihe General Conditions. END OF SECT[ON C[TY Of FORT WORTII Hulen Trails, Phssc 2 S'LANDARD CONSIRUCTION Bm PROPO$pL-DEV[LOPER A WA2DED PROIECSS CiR Proj«t =1031�11 FormRc�iscdJanuan'2').2020 00l3J7 BidProposal tiE:["I'[[3\ iNi 32 �3 1)m� r I�i �� rr A�ti:i rd rd 1'ru}ccls - I' 1� [ 1 E'( 75A I. I Old � 1 lhd�•a Irail.I'ha.c'.C'i�� 1'n�,jret'-][]3ld! t tirr r�cir�i: �;r�� Yrnject I�em Inli�un:uwio VI•.\�{iy k3ic11isc tipxilica�iun U�ti�ul' Ilid � ll�m f)c�rriEtiis,n tirciu}n tin. �I�•�surc [)iian�itti l hiit I ncr 13id V;ili�r Waler Fa�ilitiQs 7 0241.1118 4"-12" Pressure Plu 2 33�5.0109 Trench Safet 3 33�S.f002 Concrete Encasement a 33>>.00oi Du�[ile Iron Wa[er Fillin s w! Rest 5 33T S.02a1 8" PVG Water Pipe 6 331 T.024� $" PVC Waler Pipe. C55 6a�kfill 7 3311.D46� 12" PVC Waler Pipe 8 3311.0462 �2" PVC Water Pipe, G55 6a�kfrfl 9 3312.0001 Sld. Fire H dranl Assembl w! 6" f �0 3��22003 �" []omesli� Wa�er Services 11 3392.30D3 8" Gale Va]�e & Val�e Box Water Su6tpta! Sanitary Sesver Facni�+es 17 3137.07p2 Lar e Sione Riprap, d 18 33n1.0002 Posl-CGTV In5 BCtiOn 19 3307.dt01 Vacuum Tes� A�anholes 2a 33�5.0109 Trench $afet 21 33�5.0113 7rench WalerSlops 22 33a5.10d2 Con�re[e Encasement 23 3331.3107 SflR-26 4" Sewer Servd�es 24 3331.4115 S" SQR-28 PVC Sewer Pipe 25 3331.41 T6 8" PVC Sanitary Sewer Pipe w� C55 ea�kfll 28 3339.100t 4' S[d. �ia. Manhole 27 3339.Tflfl3 A' Exlra beplhi Manho�e 28 9999.flfl03 Canneci �o �xisiin 8" S.S. Stuh-ou� 29 9999.DD�4 InsSa11 In�ernal CorrpsiRn Prplection Pet Manhole Sanitary Sewer Suhto[al $ox 33 71 70 33 31 12 33 11 S9 33 11 12 33 11 1D 33 11 12 331t 10 33 11 12 33 1 Z 46 33 i 2 7 0 33 12 20 33 12 20 33 01 37 33 QS 30 33 "ON 2.0 58,930.36 5�7,8fi0.72 LF 7,885 528.�6 522� a78,a0 LF 26D $46.�8 571.980.80 LF 1.87? 545.68 585,572.96 tF 25 569.&5 51,747.25 EA 3 52.9U7.82 $7.205.46 EA 1 56.152.24 56.152.24 EA 1 51.779.23 57.779.�3 FJI 1 5798.92 579B.92 SY 28 5223.22 56.250.76 33 31 12, LF 33 3i 20 33 93 10, LF 33 7 7 l2 33 34 7D, � 33 39 20 3339'f0, VF 33 39 20 QO 00 00 £A 00 0o ao EA 7fi 75 251 8,7$3 4�7 as 75 1 1 5291.55 so.z� 5370.89 565.95 5883.07 533.29 53,953.75 5347.5fi 5682.29 S5,a52.a6 5989.25 5236,630.57 5�92.388.O1 523, 3 52.26 S 102.797.76 525,Ofi7.00 58$2.29 55,a52,a6 5712.439.7a i�uv ni i nu r«nk i u �oa.,� n,.b. ��r�.�..- • �1.11[i�tNlll'�61��k1'i'I]r�tilllE�l7nn+��.11-I11:1•I�l��F1�M.1i1'.IHI�k�1�1'li��l]'[I+ l'�i�ih.��.s� 1i��311 Vinm kc.�x.l7�nii.m _ i. ��.n �n� 1: J� n�d ]hip..�i til�:f"I'I[]t p1132 J3 Il�+elnp�r A5}•;udrJ ['ruj�c�;.l'IdUPfltiAl. I�[lli�! I[ul�u �frails Pha,r 2. Ci[v� f'ru�e�[ �1031d 1 lf�]'I' f'1�1('F: 13117 I'n�jeci hi•in ]nlnrmal�un VEi1l �5 Ritllisi Speriliea�iun l h�ii uC Riq I7e;cripiiun l�uii I'rie�• 13iJ V:�lu�• Rrm Scelinoi Yu. lhasurr f.luanEitti Storm �rain Facili�ies Bid Su This bi0 is suhmi![e0 by the entily lisied belvw: Company: Venus Construcllvn Slreet Address: 1426 5. Mafn Cily, 5late, Zip Code: Mansrn[d, T% 76ff63 Phone' 877-077-2050 By: o� N �. � L� �i � Signatu r�e: "�re �� al�e w 1� na�e. 3 I t�G � Z 5 Cunfr.�rmragrcn ivrampinr��'ORF: Por �I1AI. ACCi:F'�f�1\C£ nilldn � 2� �+orkin� dn!� ahrr ihc J�u+�hrn pre ('[)?7R.VC'f cwnsnrnrr� eo rnn as ryra•�idrd in d�r C:enrnl CanJiiivna. }:111 GF 5tiCi I01 Water Facilities Suhtalal nila Sewer Fatlli[ies Suhto[al Starm Drafn Fac3iltius Suhtatal Total Bid ent and 2- ear Maintenance E Grand Sfi37,913.T7 57�Z,a39.7a 2fi4,027.35 535,945.37 299.972.73 �1i1' ��F 1 i�1tf ��'��1[Ili ilul.i� 1�»I, f'ha�.-, ! I. �ti ll 11f11 l ��.1 � f kl'� 1]� �ti fl![� ['it� �i'� iti.�l �] 4 � i[��Yf li .lK'.1%1 H� I� 1'%� �11 l' I'� L ili' I'�.•i��� •[�� [ i] I I.-+mll..i�.�lJ�n�iir� :• ! �� ��ii I: ]� iSiJ]'�iY-vl WaterlSani[ary Sewerl5[orm Orain FaeilFties Su6total 32,2&4,02T.36 MPLETION AGREEMENT — SELF FUNDED This Completion Agreement ("Agreement"), is made and entered into by and between the City of Fort Worth, ("Cit�') and Bloomfield Homes, L.P., a Texas Limited Partnership, 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 67 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 PP-18-054 or FS<Number>; and WHEREAS, the Developer and the City have entered into a Community Facilities Agreement relating to the development, Hulen Trails Phase 2 for Water, Sewer, Paving, Drainage & Street Li� ("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 Four Million Three Hundred Sixteen Thousand Forty One Dollars & Eight Cents ($4,316,041.08), hereinafter called the "Completion Amount". Notwithstanding the foregoing, it is acknowledged that the actual costs of completion of City of Fort Worth, Texas Standard Completion Agreement — Self-Funded Revised 09.07.2017 JLE CFA Ofiicial Release Date: 07.01.2015 Page 1 of 11 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. 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 thereo£ 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 Revised 09.07.2017 JLE CFA Ofiicial Release Date: 07.01.2015 Page 2 of 11 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 any claim that is related to the Property; and D. A requirement that each contractar contracting with the Developer include in each 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: (i) Notice to the City shall be addressed and delivered as follows: City of Fort Worth Development Services 200 Texas Street Fort Worth, Texas 76102 Attention: Contract Management Office Janie Marales, Development Manager Email: Janie.Morales@fortworthtexas.gov Confirmation Number: 817-392-7810 and/or CFA Division Email: CFA(a�fortworthtexas.gov Phone Number: 817-392-2025 City of Fort Worth, Texas Standard Completion Agreement — Self-Funded Revised 09.07.2017 JLE CFA Ofiicial Release Date: 07.01.2015 Page 3 of 11 With a copy thereof addressed and delivered as follows: City of Fort Worth 200 Texas Street Fort Worth, Texas 76102 Attention: Richard A. McCracken Assistant City Attorney Confirmation Number: 817-392-7611 (ii) Notice to the Developer shall be addressed and delivered as follows: Bloomfield Homes, L.P. / Donald J. Dvkstra 1050 E. Hwy 114, Suite 210 Southlake, Texas 76092 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 A�lv. 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 ar 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 A�reements 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 Revised 09.07.2017 JLE CFA Ofiicial Release Date: 07.01.2015 Page 4 of 11 H. Headin�s. 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 Revised 09.07.2017 JLE CFA Ofiicial Release Date: 07.01.2015 Page 5 of 11 Executed in each entity's respective name by its duly authorized signataries effective as of the date executed by the City's City Manager or his/her designee. CITY OF FORT WORTH: ba,�c� 8cr��r�u7a� Dana Burghdoff (h ay 1S, 2 09:09 CDT) Dana Burghdoff Assistant City Manager Date: May 18, 2021 Approved as to Form & Legality: ��— Richard A. McCracken (May 18, 202105:10 CDT) Richard A. McCracken Sr. Assistant City Attorney M&C No. Date: May 18, 2021 Form 1295: ATTEST: ��` � G`�` Mary J. Kayser/Ronald Gonzales City Secretary/Asst. City Secretary Date: May 18, 2021 DEVELOPER: Bloomfield Homes, L.P. A Texas Limited Partnership +4.� �/�� Don Dykstra (May P, 2021 1033 PDT) Name: Donald J. Dykstra Title: President Date: May 17, 2021 b,o,�-�ORT "�� p O�000000000� � ,�►o° °00�� �a o 0 —o a= vo 0 o � o � 0 ��oo �*< oA �� ���00000� � OFFICIAL RECORD CITY SECRETARY City of Fort Worth, Texas Standard Completion Agreement — Self-Funded CFA Official Release Date: 07.01.2015 Page6of11 Revised 09 FT. W�RTH, 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 Revised 09.07.2017 JLE CFA Ofiicial Release Date: 07.01.2015 Page 7 of 11 ATTACHMENT "1" Changes to Standard Agreement Self-Funded Completion Agreement None. City of Fort Worth, Texas Standard Completion Agreement — Self-Funded Revised 09.07.2017 JLE CFA Ofiicial Release Date: 07.01.2015 Page 8 of 11 EXHIBIT A LEGAL DESCRIPTION All that certain lot, tract, or parcel of land, situated in a portion of the Antonio Fernandes Survey, Abstract No. 506, W.H. Colthrap Survey, Abstract No. 286, and the International and Great Northern Railroad Co. Survey, Abstract No. 826, City of Fort Worth, Tarrant County, Texas, being part of that certain called 280.597 acre tract described in a deed to Bloomfield Homes, L.P. recorded in Instrument Nos. D218204117, D218204118, D218204119, and D218204120 of the Deed Records of Tarrant County, Texas (DRTCT), and being more completely described as follows, to-wit: BEGINNING at a P.K. nail found with washer stamped "GOODWIN & MARSHALL" for the Southeast corner of Hulen Trails, Phase 1 recorded in Instrument No. of the Plat Records of Tarrant County, Texas (PRTCT) and being in the approximate centerline of Old Cleburne Crowley Junction Road (County Road 1079); THENCE South 00 deg. 34 min. 39 sec. East along the East line of said 280.597 acre tract and said approximate center line, a distance of 1,813.76 feet to a 1/2" capped iron rod set stamped "GOODWIN & MARSHALL" hereinafter referred as 1/2" capped iron rod set, for the Southeast corner of said 280.597 acre tract and being in the approximate centerline of Cleburne Crowley Road; THENCE South 89 deg. 39 min. 30 sec. West along the South line of said 280.597 acre tract and said approximate centerline, a distance of 1,553.18 feet to a 1/2" capped iron rod set; THENCE North 00 deg. 20 min. 30 sec. West departing said South line and approximate centerline, a distance of 180.00 feet to a 1/2" capped iron rod set; THENCE North 45 deg. 20 min. 30 sec. West, a distance of 14.14 feet to a 1/2" capped iron rod set; THENCE North 00 deg. 20 min. 30 sec. West, a distance of 50.00 feet to a 1/2" capped iron rod set; THENCE North 44 deg. 39 min. 30 sec. East, a distance of 14.14 feet to a 1/2" capped iron rod set; THENCE North 00 deg. 20 min. 30 sec. West, a distance of 220.00 feet to a 1/2" capped iron rod set; THENCE North 45 deg. 20 min. 30 sec. West, a distance of 14.14 feet to a 1/2" City of Fort Worth, Texas Standard Completion Agreement — Self-Funded Revised 09.07.2017 JLE CFA Ofiicial Release Date: 07.01.2015 Page 9 of 11 capped iron rod set; THENCE North 00 deg. 20 min. 30 sec. West, a distance of 50.00 feet to a 1/2" capped iron rod set; THENCE North 44 deg. 39 min. 30 sec. East, a distance of 14.14 feet to a 1/2" capped iron rod set; THENCE North 00 deg. 20 min. 30 sec. West, a distance of 220.00 feet to a 1/2" capped iron rod set; THENCE North 45 deg. 20 min. 30 sec. West, a distance of 14.14 feet to a 1/2" capped iron rod set; THENCE North 00 deg. 20 min. 30 sec. West, a distance of 50.00 feet to a 1/2" capped iron rod set; THENCE North 44 deg. 39 min. 30 sec. East, a distance of 14.14 feet to a 1/2" capped iron rod set; THENCE North 00 deg. 20 min. 30 sec. West, a distance of 110.00 feet to a 1/2" capped iron rod set; THENCE South 89 deg. 39 min. 30 sec. West, a distance of 125.00 feet to a 1/2" capped iron rod set; THENCE North 29 deg. 43 min. 20 sec. West, a distance of 317.96 feet to a 1/2" capped iron rod found stamped "GOODWIN & MARSHALL" hereinafter referred as 1/2" capped iron rod found, for the most southerly corner of said Hulen Trails, Phase l; THENCE North 34 deg. 58 min. 29 sec. East along the South line of said Hulen Trails, Phase 1, a distance of 809.22 feet to a 1/2" capped iron rod found; THENCE North 90 deg. 00 min. 00 sec. East along said South line, a distance of 189.91 feet to a 1/2" capped iron rod found; THENCE South 56 deg. 18 min. 36 sec. East along said South line, a distance of 100.07 feet to a 1/2" capped iron rod found; THENCE North 90 deg. 00 min. 00 sec. East, a distance of 1,086.09 feet to the POINT OF BEGINNING, containing 2,929,683 square feet or 67.256 acres of land, more or less. City of Fort Worth, Texas Standard Completion Agreement — Self-Funded Revised 09.07.2017 JLE CFA Ofiicial Release Date: 07.01.2015 Page 10 of 11 EXHIBIT B APPROVED BUDGET Ite ms A 7,'dater and Sev.er Construction 1. 7;Jater Constructian �. Sek�r Canstructian VYBCEf 8f7d �E4VEf �Pf73trt�ctro+� T�fa� B. TP}!d Construction 1 . Str eet �. Storm Drain 3. Street Lights Installe� C�� CeveloFer 4. Signals T�IN �vnstalctiian �v.;t �vta� Total Construction Cost �excluding the fees}: City of Fort Worth, Texas Standard Completion Agreement — Self-Funded CFA Ofiicial Release Date: 07.01.2015 Page 11 of 11 Deweloper's Cost 5 637,813.71 5 712,439.74 5 1 , 350,353.4�. 5 1 , 854,1 83.40 5 813,673.81 5 1 87,830.32 5 G L.,.: �.���.: � � �. �� �}.�� .�� Revised 09.07.2017 JLE