HomeMy WebLinkAboutContract 54699-A1 07/19/2021 CSC No.54699-A1
3:19 pm
FIRST AMENDMENT TO CITY SECRETARY CONTRACT NUMBER 54699
A COMMUNITY FACILITIES AGREEMENT AND COMPLETION AGREEMENT
BETWEEN THE CITY OF FORT WORTH
AND MERITAGE HOMES OF TEXAS,LLC
This FIRST AMENDMENT TO CITY SECRETARY CONTRACT NUMBER
54699 ("First Amendment") is made and entered into by and between the City of Fort Worth
("City"), a home-rule municipal corporation of the state of Texas, and Meritage Homes of
Texas,LLC ("Developer"), an Arizona limited liability company.
WHEREAS, the City and Developer entered into a Community Facilities Agreement
for the construction of public infrastructure improvements for a Project known as Ventana
Phase 313 ("CFA"); and
WHEREAS, Developer provided a Completion Agreement as the financial guarantee
for the Project("Completion Agreement"); and
WHEREAS, the CFA and the Completion Agreement are filed with the City Secretary
as City Secretary Contract Number 54699; and
WHEREAS, Developer desires to replace the Completion Agreement with a
development bond as the financial guarantee for remaining Improvements to be constructed
pursuant to the CFA;
NOW THEREFORE, City and Developer, acting herein by and through their duly
authorized representatives, enter into the following agreement, which amends City Secretary
Contract No. 54699:
1.
Section 5 of the CFA is amended to add the following paragraph after the first paragraph:
Developer has delivered to the City a development bond in the amount of
$362,432.00, guaranteeing Developer's obligation to complete construction of the
remaining Improvements and pay all contractors and material suppliers. City and
Developer agree that the Developer may replace the Completion Agreement with
the development bond as the financial guarantee for the remaining Improvements.
2.
The Completion Agreement is terminated.
3.
a. All other provisions of City Secretary Contract Number 54699 which are not expressly
amended herein, shall remain in full force and effect.
OFFICIAL RECORD
City of Fort Worth,Texas CITY SECRETARY
Amendment No. 1 to City Secretary Contract No. 54699
Page 1 of 2 FT. WORTH, TX
b. All terms in this First Amendment that are capitalized, but not defined, shall have the
meanings ascribed to those terms in City Secretary Contract Number 54699.
IN TESTIMONY WHEREOF, the City and Developer have executed this First
Amendment to be effective on the date signed by the City's Assistant City Manager.
CITY OF FORT WORTH DEVELOPER
Meritage Homes of Texas, LLC
,Z-�Wa LGUL4r4L
Dana Burghl:58! CDT)
Dana Burghdoff David Augh inb h(Jul 13,202115:49 CDT)
Assistant City Manager Name: David Aughinbaugh
Title: Vice President of Land Development
Date: J u l 15,2021
Date: Jul 13, 2021
Recommended by:
E✓elvn Robon's
Evelyn Roberts(Jul 13,202115:50 CDT)
Evelyn Roberts/Jennifer Ezernack
Project Assistant
Planning and Development
Approved as to Form & Legality:
Richard A.McCracken(Jul 14,202109:26 CDT)
Richard A. McCracken
Sr. Assistant City Attorney
M&C No. Contract Compliance Manager:
Date: By signing, I acknowledge that I am the
Form 1295: person responsible for the monitoring and
administration of this contract,including all
ATTEST: aqOR�1a performance and reporting requirements.
OF00 00.0.04 a
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p�``�►o o�ad
1'�� O J lfer E,ern on behalf J l 13,202116:04CDT)
Ronald P Gonzales ,�I�0 0
Ronald P.Gonzales(Jul 16,202110:03CDT) Y�O 0
�J a o Name: Janie Scarlett Morales
Ronald P. Gonzales ��� 00000Opp00o° Title: Development Manager
Acting City Secretary da -000.. Ap
OFFICIAL RECORD
CITY SECRETARY
City of Fort Worth,Texas
Amendment No. 1 to City Secretary Contract No. 54699 FT. WORTH, TX
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