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HomeMy WebLinkAboutContract 57091 U h� 2021 UTILITY AGREEMENT FOR MORNINGSTAR RANCH This 2021 Utility Agreement for Morningstar Ranch ("Agreement") is entered into by the City of Fort Worth,Texas,a home-rule municipal corporation situated in Tarrant,Denton,Parker, Johnson and Wise Counties, Texas (the "City"); Morningstar Ranch Municipal Utility District No. 1 of Parker County ("District One"), and Morningstar Ranch Municipal Utility District No. 2 of Parker County ("District Two"), municipal utility districts created by the Texas Commission on Environmental Quality (the "TCEQ") pursuant to Article XVI, Section 59, of the Texas Constitution and operating under Chapters 49 and 54 of the Texas Water Code (individually, a "District" and, collectively, the "Districts"); and FWFW Holdings, Inc. and FG Aledo Development, LLC (collectively, "Owner"). The City, the Districts and Owner are hereinafter sometimes referred to, individually, as a"PI!:!y" and, collectively, as the"Parties." RECITALS A. District One and District Two are municipal utility districts created in the City's extraterritorial jurisdiction ("ETJ") pursuant to pursuant to Resolutions No. 3560-12-2007 and No. 3561-12-2007 approved by the City Council on December 4, 2007 consenting to the creation of such districts. B. The TCEQ created District One encompassing approximately 380.316 acres of land by Order dated August 3,2009 and District Two encompassing approximately 356.829 acres of land by Order dated July 17, 2009. C. Owner is developing the land within the Districts as a single-family residential development known as Morningstar Ranch. D. The City and WYA The Ranch at Mary's Creek, Ltd. entered that certain Utility Agreement for Morningstar Ranch dated January 29, 2008 (the "Original Agreement") (City Secretary Contract No. 36195) to provide for water and wastewater service to a master-planned community to be known as Morningstar Ranch, as amended by the First Amendment to the Original Agreement dated May 14, 2011 (the "First Amendment") (City Secretary Contract No. 36195-A1). E. Owner acquired ownership of the land within District One and District Two and entered into an Amended and Restated Utility Agreement for Morningstar Ranch effective August 21, 2015 (City Secretary Contract No. 36195-A2), as amended by City Secretary Contract No. 36195-AIAI (collectively,the "Amended and Restated Utility Agreement"). F. By Order dated March 30,2017 the Board of Directors of District Two approved the exclusion of approximately 176.613 acres from District Two, which land was annexed by District One. G. On January 26,2021,the City Council of the City approved Resolution No. 5336- 01-2021 (the "Consent Resolution") consenting to the addition of approximately 350.42 acres of Iand described in Exhibit A attached hereto (the "Additional Prosy" or "Lyon Ranch") to District Two. -� 2021 Utility Agreement For Morningstar Ranch-Page I 0TV S eLKET RY H. It is Owner's intention to develop the Additional Property for single-family residential uses as an extension of Morningstar Ranch(the "Development"). L Upon annexation of the Additional Property by District Two, District One will encompass approximately 557.4334 acres of land and District Two will encompass approximately 530.3980 acres of land as shown on Exhibit B and described in Exhibit C attached hereto (collectively,the "Pro ei "). J. The City Council's consent to annexation of the Additional Property by District Two is subject to execution by the City and the appropriate parties of amendments to certain agreements, including without limitation the Amended and Restated Utility Agreement. K. The Parties wish to enter into this 2021 Utility Agreement for Morningstar Ranch to address utility service to the Additional Property and to amend and update the Amended and Restated Utility Agreement. NOW, THEREFORE, for and in consideration of the mutual agreements, covenants and conditions hereafter set forth, the Parties contract and agree as follows: ARTICLE I WASTEWATER SERVICE, INFRASTRUCTURE AND CHARGES 1.01 Wastewater Service and Wastewater Study. The City shall provide retail wastewater collection and treatment service to customers within the Property, subject to the Districts' and Owner's performance of their obligations under this Article I. The Owner should submit Wastewater Study consistent with owner's development plan and City's study guidelines for the City's review and approval. On-site sewage treatment and disposal facilities are prohibited on the Property, 1.02 Off-Site Wastewater Lines. (a) Completed Off-Site Wastewater Line. Owner, on behalf of the Districts, has designed and constructed or caused to be designed and constructed approximately 2.64 miles of 30-inch sanitary sewer main connecting the eastern boundary of the Property to the existing City system (the "Completed Off-Site Wastewater Line"). At the City's request, Owner, on behalf of the Districts, oversized the Completed Wastewater Line from 18 inches, required to serve the Development, to 30-inches. The Completed Off-Site Wastewater Line has been accepted by the City and Owner and Owner and the Districts have been fully reimbursed by the City for the costs of oversizing such line. (b) Lyon_Ranch Off-Site Wastewater Line. Owner, on behalf of the Districts, shall design and construct or cause to be designed and constructed approximately 2.5 miles of sanitary sewer main generally in the location shown on Exhibit D to serve the Additional Property, with the final alignment to be determined by the City after consulting with Owner and making reasonable efforts to address Owner's concerns regarding the alignment and to select a cost- effective alignment (the "Lyon Ranch Off-Site Wastewater Line,"). The Lyon Ranch Off-Site 2021 Utility Agreement for Morningstar Ranch-Page 2 Wastewater Line shall be designed to serve Lyon Ranch, for an approximate average flow of 423.89 gpm to serve 1744 lots. A detailed comprehensive wastewater study should be submitted prior to preliminary plat for city's approval. This sewer main shall be constructed on a schedule determined by Owner and the Districts in their sole discretion. If the City requires Owner to oversize the Lyon Ranch Off-Site Wastewater Line, the City shall reimburse Owner for the cost of oversizing in accordance with Section 3.05. The City shall not record or allow the recording of a final plat containing any single-family lot within Lyon Ranch until construction of the Lyon Ranch Off-Site Wastewater Line is complete and such line is accepted by the City. (c) Mary's Creek Wastewater Line. Owner on behalf of the Districts, shall install an 8-inch or larger sanitary sewer line, depending on slope, from the Little Mary tributary to the southwest and terminating at Old Weatherford Road in Phase 2 on a schedule determined by Owner and the Districts in their sole discretion, when needed to serve approximately 60 lots fronting Old Weatherford Road at the southeast quadrant of the Property (the "Mary's Creek Wastewater Line"), The City is requesting oversizing of this sewer main extension per the City's Installation Policy and shall reimburse Owner for the cost of oversizing in accordance with Section 3.05. (d) Reservation of Capacity. The Districts have the right to the capacity that the Districts paid for by constructing the Completed Off-Site Wastewater Line and will pay for by constructing the Lyon Ranch Off-Site Wastewater Line and the Mary's Creek Wastewater Line as needed to serve the Property for development in accordance with approved final plats,and the City has reserved such capacity to serve the Property, subject to payment of per acre charges, if any, for final platted lots in Lyon Ranch in accordance with Section 1.04(c). 1.03 On-Site Wastewater Infrastructure. Owner, on behalf of the applicable District, shall design and construct or cause to be designed and constructed on the Property all wastewater collection lines necessary to serve the Property based on a detailed comprehensive sewer study that will be submitted to the City for approval prior to preliminary plat. Owner, on behalf of the applicable District, shall construct at the developer's cost with City's oversizing a wastewater extension from the off-site sewer main to the most western property boundary along Mary's Creek when the commercial area at the intersection of Westpoint Blvd. and Farmer Road during final platting and before final plat being recorded. Wastewater Infrastructure to serve a portion of the Property has been constructed by Owner, on behalf of the applicable District, and accepted by the City. Additionally, Owner,on behalf of the applicable District,shall design and construct or cause to be designed and constructed on the Property wastewater collection lines to the most northern and most western boundaries of Lyon Ranch boundary and the most southern boundary of Morningstar when designing and constructing the development infrastructures for those sections of the development with City's oversizing cost participation to comply with "Wastewater Mains Across & Along Creek/River/Water" per Installation Policy and Design Criteria for Water, Wastewater and Reclaimed Water Infrastructure as amended. 1.04 Tap Fees; Impact Fees; Per Acre Charges, (a) Tap or service connection fees for wastewater service provided within the Property (excluding Impact Fees as herein defined) shall be the same as if the services are provided within 2021 Utility Agreeinent for Morningstar Ranch-Page 3 the City's corporate limits. (b) The City may collect the maximum assessable wastewater impact fees (based on the meter size) for the costs of capital improvements or facility expansions necessitated by and attributable to the development of the Property ("Impact Pees"), as determined by the City from time to time in accordance with Chapter 395 of the Local Government Code("Chapter 395"). The Districts or Owner shall pay or cause to be paid Impact Fees at the time a Building Permit is issued. Payments to the City pursuant to this Section 1.04(b) are not contingent upon the Districts' collection of such amounts, and may be paid from the Districts' operation and maintenance tax revenues or any other source of District funds. (c) The capacity needed to serve the Additional Property beyond the capacity that the Districts have paid for by constructing the Completed Off-Site Wastewater Line and will pay for by constructing the Lyon Ranch Off-Site Wastewater Line and the Mary's Creek Wastewater Line, as determined by the approved wastewater study, will be assessed the Per Acre Charges with inflation rate as amended. 1.05 Certificate of Convenience and Necessity. The Districts and Owner will support the City in obtaining an amendment to the City's sewer certificate of convenience and necessity ("CCN") to include any portion of the Property not currently in the City's sewer CCN. The Districts and Owner shall cooperate with the City on the CCN application process. The Parties agree that they shall execute and deliver such other and further assurances, instruments and documents as are or may become necessary or convenient to effectuate and carry out the intent of this Section. ARTICLE II WATER SERVICE,INFRASTRUCTURE AND CHARGES 2.01 Water Service and Water Study. The City shall provide retail water service to customers within the Property, subject to the Districts' and Owner's performance of their obligations under this Article H. The Owner should submit Water Study consistent with owner's development plan and City's study guidelines for the City's review and approval. 2.02 Off-Site Water Lines. (a) Completed Off-Site Water Lines. Owner, on behalf of the Districts, has designed and constructed or caused to be designed and constructed (i) approximately 2.55 miles of 16-inch Westside V Pressure Plane line from the pumping station located south of IH-20 to Morning Mist Drive; and (ii) approximately 2.17 miles of 16-inch Westside IV Pressure Plane line from the southeast corner of the Property (Old Weatherford Road) to the connection point of the existing 30-inch water line in Walsh Ranch. (the "Completed Off-Site Water Lines"). At the City's request, Owner, on behalf of the Districts, oversized.the Completed Off-Site Water Lines from 12 inches, required to serve the Development,to 16-inches along FM 3325. The Completed Off-Site Water Lines have been accepted by the City and Owner and the Districts have been fully reimbursed for the costs of oversizing such lines. 2021 Utility Agreement for Morningstar Ranch-Page 4 (b) Lyon Ranch Off-Site Water Line. Owner, on behalf of the Districts, shall design and construct or cause to be designed and constructed a 24-inch of Westside IV water main generally in the location along Westpoint Blvd shown on Exhibit E to serve Lyon Ranch, with the final alignment to be determined by the City after consulting with Owner and making reasonable efforts to address Owner's concerns regarding the alignment and to select a cost- effective alignment (the "Lyon Ranch Off-Site Water Line"). The Lyon Ranch Off-Site Water Line shall be designed to serve the Lyon Ranch,as determined by a detailed comprehensive water study to be submitted to the City for approval prior to preliminary plat submittal, and shall be constructed on a schedule determined by Owner and the Districts in their sole discretion.The City is requesting the Owner to oversize the Lyon Ranch Off-Site Water Line and shall reimburse Owner for the cost of oversizing in accordance with Section 3.05. The City shall not record or allow the recording of a final plat containing any single-family lot within Lyon Ranch until construction of the Lyon Ranch Off-Site Water Line is complete and such line is accepted by the City. (c) The Districts have the right to the capacity that the Districts paid for by constructing the Completed Off-Site Water Lines and will pay for by constructing the Lyon Ranch Off-Site Water Line, as needed to serve the Property for development in accordance with approved final plats, and the City has reserved such capacity to serve the Property, subject to payment of water main capacity charges, if any,for final platted lots in Lyon Ranch in accordance with Section 2.05. 2.03 On-Site Infrastructure. Owner,on behalf of the applicable District, shall design and construct or cause to be designed and constructed on the Property all Westside 4 and Westside 5 water distribution lines necessary to serve the Property per the detailed comprehensive water study to be submitted to the City for approval prior to preliminary plat submittal. Owner shall design and construct the on-site water distribution lines to include capacity sufficient for potable water service, irrigation service, and fire protection for the areas served by those lines. Neither the Districts nor Owner will drill water wells for potable water usage. Water Infrastructure to serve a portion of the Property has been constructed by Owner, on behalf of the applicable District, and accepted by the City. 2.04 Meters. The Districts or Owner shall install or cause to be installed a water meter for each connection. Single-family residential meters for potable water shall comply with City standards, shall be a minimum of 5/8-inch by inch in diameter, and may be larger in diameter, at the Districts' or Owner's option. Meters for nonresidential uses shall be sized based on potable and fire flow/fire suppression requirements and shall comply with City standards. 2.05 Tap Fees, Impact Fees, Water Main Capacity Char es. (a) Tap or service connection fees for potable water service, irrigation service, or fireline provided by the City within the Property (excluding Impact Fees) shall be the same as if the services are provided within the City's corporate limits. (b) The City may collect the maximum assessable water impact fees (based on the meter size) for the costs of capital improvements or facility expansions necessitated by and attributable to the development of the Property ("Impact Fees"), as determined by the City from time to time in accordance with Chapter 395. The Districts or Owner shall pay or cause to be paid 2021 Utility Agreement for Morningstar Ranch-Page 5 Impact Fees at the time a Building Permit is issued. Payments to the City pursuant to this Section 2.05(b) are not contingent upon the Districts' collection of such amounts, and may be paid from the Districts' operation and maintenance tax revenues or any other source of District funds. (c) Owner, on behalf of the District, paid for the 12-inch line north of Morning Mist Trail. (up to Westpoint Boulevard) capacity. Owner, on behalf of the District, would now need a 16-inch water main. for the additional 2000 lots. The City had previously oversized the 12-inch line needed by Morningstar. The District shall pay for the additional Water Main Capacity Charges with inflation rate as amended related to the existing 16-inch FM 3225. The Owner will also pay for constructing the Lyon Ranch Water Line, as determined by the detailed comprehensive water study to be submitted for City's approval. 2.06 Annexation Notices to Customers. The City may place the following notice or a substantially similar notice on water bills sent to customers within the Districts: "This service address is inside the boundaries of a municipal utility district that may be annexed in the future by the City of Fort Worth." 2.07 Certificate of Convenience and Necessity. The Districts and owner will support the City in obtaining an amendment to the City's water CCN to include any portion of the Property not currently in the City's water CCN. The Districts and Owner shall cooperate with the City on the CCN application process. The Parties agree that they shall execute and deliver such other and further assurances, instruments and documents as are or may become necessary or convenient to effectuate and carry out the intent of this Section. ARTICLE III PUBLIC INFRASTRUCTURE, GENERAL PROVISIONS 3.01 Desim and Construction of Public Infrastructure. Owner shall submit construction plans for the Lyon Ranch Off-Site Wastewater Line,the Lyon Ranch Off-Site Water Line,and on- site water and wastewater lines(together with water and wastewater infrastructure for the Property previously accepted by the City, collectively, the "Public Infrastructure") to the City for review, approval of the plans, and approval to commence construction. The Public Infrastructure shall be designed and constructed in accordance with the Infrastructure standards required by, and subject to inspection by the City in accordance with, Article VI of the Consent Agreements. All Public Infrastructure shall have a Community Facilities Agreement, financial guarantee and associated inspection, material testing fees and water lab fees submitted to the City for review and approval. The financial guarantee for the Lyon Ranch Off-Site Water and Wastewater Lines and the Mary's Creek Wastewater Line Community Facilities Agreement(s) cannot be a completion agreement. 3.02 Easements and Rights-of-Way_. All casements or rights-of-way required for the installation of the Public Infrastructure shall be granted or acquired by the Districts or Owner and dedicated jointly to the Districts and the City, at no cost to the City, and shall be in the form reasonably required by the City for such types of easements. Owner shall be reasonable in negotiating easement requests by adjacent property owners. 2021 Utility Agreement for Morningstar Ranch-Page 6 3.03 Dedication and Ownership of Public Infrastructure; Capacity. (a) Upon approval and acceptance by the City, Owner shall convey or cause to be conveyed legal title to the Public Infrastructure to the City; however, each District shall have a continuing right to require the City to utilize a portion of the capacity in the conveyed Public Infrastructure equal to the capacity funded by or on behalf of such District, which capacity shall be made available by the City at all times as necessary to provide water and wastewater service to customers within such District. (b) In connection with the transfer of any Public Infrastructure to the City pursuant to this Agreement,Owner covenants and agrees to take or cause to be taken such actions and execute, acknowledge and deliver,or cause to be executed, acknowledged and delivered, such instruments, documents, transfers and conveyances as may be required to convey, transfer and deliver the facilities, confirm the ownership of the transferred assets, and discharge any encumbrances against the transferred assets that are outstanding as of the date of transfer. 3.04 Maintenance and Repair of Public Infrastructure. Upon dedication of Public Infrastructure to the City, the City shall operate, maintain and repair the Public Infrastructure. 3.05 Recovery of Oversizing Costs.The City shall have the option to require oversizing of the Lyon Ranch Off-Site Wastewater Line, the Lyon Ranch Off-Site Water Line and the Mary's Creek Wastewater Line above the sizes required by this Agreement as needed to serve the Lyon Ranch. Provided that the construction has been publicly bid in accordance will all legal requirements applicable to municipal utility districts, the City shall reimburse Owner for the cost of any oversizing requested by the City per the City's oversizing policy. Oversizing requested by other landowners shall be subject to cost contribution at the time the project proceeds to construction. 3.06 Oversizing of Public Infrastructure. The City shall not require the Districts or Owner to construct or pay for oversizing of Public Infrastructure, except as expressly provided herein. 3.07 Rates. The City shall provide retail water and wastewater service at the rates established by the City Council for service outside the City's corporate boundaries, as amended from time to time. 3.08 Districts' Responsibilities for Infrastructure. Each District and Owner shall be responsible for constructing the Public Infrastructure to serve the residents within such District. 3.09 Design and Construction of Roadway and Stormwater Infrastructure. All on-site and off-site roadway and stormwater infrastructure shall be designed and constructed to the City standards per the City's adopted March 10, 2009 Subdivision Ordinance Section 31-105 Storm Water Management, Section 31-106 Street Design Standard and integrated Stormwater Management("iSWM') Criteria Manual for Site Development and Construction adopted August 1, 2012, with any adopted amendments to the subdivision ordinance and the'iSWM. 2021 Utility Agreement for Momingstar Ranch-Page 7 3.10 Repair and Maintenance of Roadway and Stormwater Infrastructure. The Districts shall enter into an agreement with a third party for repair and maintenance of on-site and offsite roadway and stormwater infrastructure that the Districts own or have the right to maintain. The maintenance agreement shall include an annual evaluation of the roadway/stormwater infrastructure paid for by the Districts and submitted to the City for review. If deficiencies are identified in the annual evaluation, the Districts shall perform the required rehabilitation at their cost. This maintenance period continues until such time as the City annexes the Property into the City's corporate boundaries or the City determines that the Property will not be annexed. All on- site and offsite roadway and stormwater infrastructure that the Districts own or have the obligation to maintain shall be maintained by the Districts and subject to the annual evaluation, City review and appropriate ongoing rehabilitation and maintenance. ARTICLE IV OWNERSHIP, LIABILITY AND INDEMNIFICATION 4.01 Liability and Ownership. As between the Districts, Owner, and the City, responsibility for the operation of the Public Infrastructure, including damages related thereto, shall remain with the Districts and Owner until such infrastructure is conveyed to and accepted by the City. The City shall be responsible for the operation of the Public Infrastructure transferred to it, but only those damages related to the acts and occurrences after the date of transfer. 4.02 Indemnity. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW,THE DISTRICTS AND OWNER(EACH AN"INDEMNIFYING PARTY")AGREE TO INDEMNIFY AND DEFEND THE CITY AND ITS OFFICERS, ELECTED OFFICIALS, EMPLOYEES, AGENTS, ATTORNEYS, CONSULTANTS, CONTRACTORS, SUCCESSORS AND ASSIGNS WITH REGARD TO ANY AND ALL CLAIMS, LOSSES, DAMAGES, LIABILITIES, LIENS, FINES, SUITS, JUDGMENTS, ADMINISTRATIVE PROCEEDINGS, REMEDIATION OR CORRECTIVE ACTION REQUIREMENTS, ENFORCEMENT ACTIONS, AND ALL COSTS AND EXPENSES INCURRED IN CONNECTION THEREWITH (INCLUDING, BUT NOT LIMITED TO, REASONABLE ATTORNEYS FEES, COSTS OF INVESTIGATION AND EXPENSES, INCLUDING THOSE INCURRED BY THE CITY IN ENFORCING THIS INDEMNITY), DIRECTLY OR INDIRECTLY ARISING OUT OF, CAUSED BY OR RESULTING FROM (IN WHOLE OR IN PART) ANY BREACH OF THIS AGREEMENT BY SUCH INDEMNIFYING PARTY (COLLECTIVELY, "LIABILITIES"). 4.03 Governmental Powers, Waiver of Immunity. By execution of this Agreement, the City does not waive or surrender any of its governmental powers, immunities or rights, except as specifically waived pursuant to this section. The City waives its governmental immunity from suit and liability only as to any action brought by a Party to pursue the remedies available under this Agreement and only to the extent necessary to pursue such remedies.Nothing in this section shall waive any claims, defenses or immunities that the City has with respect to suits against the City by persons or entities not a party to this Agreement. 2021 Utility Agreement for Morningstar Ranch-Page 9 ARTICLE V MISCELLANEOUS 5.01 Governing Law, Jurisdiction and Venue. THIS AGREEMENT MUST BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS, AS THEY APPLY TO CONTRACTS PERFORMED WITHIN THE STATE OF TEXAS AND WITHOUT REGARD TO ANY CHOICE OF LAW RULES OR PRINCIPLES TO THE CONTRARY. THE PARTIES ACKNOWLEDGE THAT THIS AGREEMENT IS PERFORMABLE IN TARRANT COUNTY, TEXAS, AND HEREBY SUBMIT TO THE JURISDICTION OF THE COURTS OF TARRANT COUNTY,TEXAS, AND HEREBY AGREE THAT ANY SUCH COURT SHALL BE A PROPER FORUM FOR THE DETERMINATION OF ANY DISPUTE ARISING HEREUNDER. 5.02 Notice. Any notices, certifications, approvals, or other communications required to be given by one Party to another under this Agreement (a "Notice") shall be given in writing addressed to the Party to be notified at the address set forth below and shall be deemed given: (a) when the Notice is delivered in person to the person to whose attention the Notice is addressed; (b)when received if the Notice is deposited in the United States Mail, certified or registered mail, return receipt requested, postage prepaid; or (c)when the Notice is delivered by Federal Express, UPS, or another nationally recognized courier service with evidence of delivery signed by any person at the delivery address. If any date or period provided in this Agreement ends on a Saturday, Sunday, or legal holiday, the applicable period for calculating the Notice shall be extended to the first business day following the Saturday, Sunday,or legal holiday.For the purpose of giving any Notice,the addresses of the Parties are set forth below. The Parties may change the information set forth below by sending Notice of such changes to the other Parties as provided in this section. To the City: City of Fort Worth 200 Texas Street Fort Worth, Texas 76102 Attn: City Secretary City of Fort Worth 200 Texas Street Fort Worth, Texas 76102 Attn: City Manager City of Fort Worth 200 Texas Street Fort Worth, Texas 76102 Attn: Water Director 2021 Utility Agreement for Momingstar Ranch-Page 9 To the Districts: Morningstar Ranch Municipal Utility District No. 1 of Parker County c/o: Coats Rose 14755 Preston Rd. #600 Dallas, TX 75254 Attn: President Morningstar Ranch Municipal Utility District No. 2 of Parker County c/o-. Coats Rose 14755 Preston Rd. #600 Dallas, Texas 75254 Attn: President To Owner: FWFW Holdings, Inc. FG Aledo Development, LLC c/o: Lackland Holdings 3045 Lackland Road Fort Worth, Texas 76116 5.03 Assignment._ (a) Neither the Districts nor the City may assign this Agreement without the written consent of the other Parties. (b) Owner has the right, from time to time, to assign this Agreement, in whole or in part, and including any obligation, right, title, or interest of Owner under this Agreement, to any person or entity (an "Assignee") without the consent of the City, provided that the following conditions are satisfied: (1) Assignee is a District, a successor owner of all or any part of the Property or a lender to a successor owner of all or any part of the Property; (2)the assignment is in writing executed by Owner and Assignee in the form of assignment attached as Exhibit F; (3) Assignee expressly assumes in the assignment any assigned obligations and expressly agrees in the assignment to observe,perform,and be bound by this Agreement to the extent this Agreement relates to the obligations, rights, titles, or interests assigned; and (4) a copy of the executed assignment is provided to all Parties within fifteen (15) days after execution. Provided the foregoing conditions are satisfied, from and after the date the assignment is executed by Owner and Assignee, the City agrees to look solely to Assignee for the performance of all obligations assigned to Assignee and agrees that Owner shall be released from performing the assigned obligations and from any liability that results from the Assignee's failure to perform the assigned obligations.No assignment by Owner shall release Owner from any liability that resulted from an act or omission by Owner that occurred prior to the effective date of the assignment. Owner shall maintain written records of all assignments made by Owner (including, for each Assignee, the Notice information required by this Agreement. and including a copy of each executed 2021 Utlity Agreement For Momingstar Ranch-Page I) assignment) and, upon written request from any Party or Assignee, shall provide a copy of such records to the requesting person or entity. It is specifically intended that this Agreement, and all terms, conditions and covenants herein, shall survive a transfer, conveyance, or assignment occasioned by the exercise of foreclosure of lien rights by a creditor or a Party, whether judicial or nonjudicial. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and Assignees. (c) Owner and Assignees have the right, from time to time, to collaterally assign, pledge, grant a lien or security interest in, or otherwise encumber any of their respective rights, title,or interest under this Agreement for the benefit of their respective lenders without the consent of, but with prompt written Notice to, the City. The collateral assignment, pledge, grant of lien or security interest, or other encumbrance shall not, however, obligate any lender to perform any obligations or incur any liability under this Agreement: (a) unless the lender agrees in writing to perform such obligations or incur such liability; or (b) unless the lender holds fee simple title to any portion of the Property and elects to or proceeds to develop such portion under this Agreement, in which case the Iender shall be bound by this Agreement and shall not be entitled to the rights and benefits of this Agreement with respect to such portion of the Property until all defaults under this Agreement with respect to the acquired portion have been cured. Provided that the City has received a copy of the applicable collateral assignment, including Notice information for a lender, then that lender shall have the right, but not the obligation, to cure any default under this Agreement and shall be given a reasonable time to do so in addition to the cure periods provided by Section 5.12 of this Agreement; and the City agrees to accept such cure as if offered by the defaulting Party.A lender is not a Party to this Agreement unless this Agreement is amended,with the consent of the lender,to add the lender as a Party or unless the lender holds fee simple title to any portion of the Property and elects to or proceeds to develop such portion under this Agreement. Notwithstanding the foregoing, however, this Agreement shall continue to bind the Properly and shall survive any transfer, conveyance, or assignment occasioned by the exercise of foreclosure or other rights by a lender, whether judicial or nonjudicial. Any purchaser from or successor owner through a lender of any portion of the Property shall be bound by this Agreement and shall not be entitled to the rights and benefits of this Agreement with respect to the acquired portion of the Property until all defaults under this Agreement with respect to the acquired portion of the Property have been cured. 5.04 Amendment. This Agreement may be amended only with the written consent of all Parties and with approval of the governing bodies of the City and the Districts. 5.05 No Waiver. Any failure by a Party to insist upon strict performance by any other Party of any material provision of this Agreement shall not be deemed a waiver thereof, and the Party shall have the right at any time thereafter to insist upon strict performance of any and all provisions of this Agreement. No provision of this Agreement may be waived except by writing signed by the Party waiving such provision. Any waiver shall be limited to the specific purposes for which it is given. No waiver by any Party hereto of any term or condition of this Agreement shall be deemed or construed to be a waiver of any other term or condition or subsequent waiver of the same term or condition. 2021 Utility Agreement for Munungstar Ranch-Page 1 I 5.06 Severability. The provisions of this Agreement are severable. If any word, phrase, clause, sentence, paragraph, section, or other provision of this Agreement, or the application thereof to any person or circumstance, shall ever be held or determined to be invalid, illegal, or unenforceable for any reason, and the extent of such invalidity or unenforceability does not cause substantial deviation from the underlying intent of the Parties as expressed in this Agreement,then such provision shall be deemed severed from this Agreement with respect to such person, entity or circumstance, without invalidating the remainder of this Agreement or the application of such provision to other persons, entities or circumstances, and a new provision shall be deemed substituted in lieu of the severed provision which new provision shall, to the extent possible, accomplish the intent of the Parties as evidenced by the severed provision. 5.07 Authoritv. The Parties acknowledge that each Party has the authority to enter into this Agreement pursuant to the laws of the State of Texas. 5.08 Interpretation. The Parties acknowledge that each Party and, if it so chooses, its counsel have reviewed and revised this Agreement and that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement or any amendments or exhibits hereto. As used in this Agreement,the term"including"means"including without limitation"and the term"days"means calendar days, not business days. Wherever required by the context, the singular shall include the plural, and the plural shall include the singular. Each defined term herein may be used in its singular or plural form whether or not so defined. 5.09 Conspicuous Provisions. The Parties acknowledge that the provisions of this Agreement that are set out in bold,capitals (or any combination thereof) satisfy the requirements for the express negligence rule and/or are conspicuous. 5.10 No Third Party Beneficiary. This Agreement is solely for the benefit of the Parties, and no Party intends by any provision of this Agreement to create any rights in any third-party beneficiaries or to confer any benefit upon or enforceable•rights under this Agreement or otherwise upon anyone other than the City, Owner, and the Districts. 5.11 Force Majeure. No Party shall be considered to be in default in the performance of any of the obligations hereunder (other than obligations of either Party to pay costs and expenses) if such failure of performance shall be due to an uncontrollable force beyond the control of the Parties, including but not limited to,the failure of facilities,flood, earthquake,tornado, storm, fire, lightning, epidemic, war, riot, civil disturbance or disobedience, labor dispute, labor or material shortage, sabotage, or restraint by a court order or public authority, which by the exercise of due diligence and foresight such Party could not have reasonably been expected to avoid. Any Party rendered unable to fulfill any obligation by reason of an uncontrollable force shall exercise due diligence to remove such inability with all reasonable dispatch. 5.12 Breach,Notice and Remedies. (a) Notification of Breach. if any Party commits a breach of this Agreement,the non- breaching Party shall give Notice to the breaching Party that describes the breach in reasonable detail. 202f Utility Agreement for Momingstar Ranch-Page 12 (b) Cure of Breach. The breaching Party shall commence curing such breach within fourteen (14) calendar days after the time the breaching Party receives such Notice and complete the cure within fourteen (14)calendar days from the date of commencement of the cure, however, if the breach is not reasonably susceptible to cure by the breaching Party within such 14-day period, the non-breaching Party shall not bring any action so long as the breaching Party has commenced to cure the default within such 14-day period and diligently completes the cure within a reasonable time without unreasonable cessation of the work. (c) Remedies for Breach. If the breaching Party does not substantially cure such breach within the stated period of time, the non-breaching Party may, in its sole discretion, and without prejudice to any other right under this Agreement, law, or equity, seek an action under the Uniform Declaratory Judgment Act, specific performance, mandamus, injunctive relief, and other remedies described in this Agreement;provided,however,that the non-breaching Party shall not be entitled to terminate this Agreement and each Party specifically waives any right such Party has or in the future may have to terminate this Agreement. It is understood and agreed that no Party shall seek or recover actual,consequential or any other type of monetary damages or awards, including but not limited to attorney's fees, in the event that any Party brings suit under or related to this Agreement. (d) Governmental Powers; Waiver of Immunity. By execution of this Agreement, neither the City nor the Districts waive or surrender any of their respective governmental powers, immunities or rights, except as specifically waived pursuant to this subsection. The City and the Districts mutually waive their governmental immunity from suit and liability only as to any action brought by a Party to pursue the remedies available under this Agreement and only to the extent necessary to pursue such remedies. Nothing in this section shall waive any claims, defenses or immunities that the City or the Districts have with respect to suits against the City or the Districts by persons or entities not a party to this Agreement. 5.13 Entire Agreement. This Agreement constitutes the entire Agreement between the Parties relative to the subject matter hereof, and there have not been and are no other agreements, covenants, representations or warranties between the parties other than those expressly stated therein or provided for herein. Unless terminated in accordance with Section 5.14,this Agreement supersedes the Amended and Restated.Utility Agreement. 5.14 Effective Date; Termination.This Agreement shall be effective upon execution by all Parties (the"Effective Date").Provided, however, this Agreement will terminate and be of no Further force or effect as of December 31, 2022, if District Two does not annex the Additional Property (Lyon's Ranch) on or before that date. If this Agreement terminates,the Amended and Restated Utility Agreement will be reinstated and will remain in full force and effect. 5.15 Satisfaction of Consent Resolution. This Amendment satisfies the condition to the City's consent to annexation of the Additional Property into the District set out in Section 2(b) of the Consent Resolution. 5.16 Exhibits. Ail exhibits attached to this Agreement are i7neorporated into this Agreement by reference for the purposes set forth herein, as follows: 2021 Utility Agreement For Mommgstar Ranch-Page 13 Exhibit A Legal Description of Additional Property Exhibit B Map of Districts Exhibit C Legal Descriptions of Property Exhibit D Lyon Ranch Off-Site Wastewater Line Exhibit E Lyon Ranch Off-Site Water Line Exhibit F Assignment and Assumption Agreement 2021 Utility Agreement for Morningstar Ranch-Page 14 ATTEST: "` uC' CITY OF FORT WORTH JA ty Secretary Dana urghdo ssista� ity Manager Date: 2 APPROVED AS TO FORM AND LEGALITY: Assistant City Atto ey Contract Compliance Manager By signing, I acknowledge that I am the person responsible for the monitoring and administration of this contract, including enduring all performance and reporting requirements. By: Name: Matt Kusnir, P.E. Position: Water Planning Engineering Manager EOFNCYAL ]� 11 2021 Utility Agreement for Morningstar Ranch-Page 15 MORNINGSTAR RANCH MUNICIPAL UTILITY DISTRIC O. 1 OF PARKER COUNTY A Secret Board of Directors President, Board of Directors Date: FA6,rV aY Z/ t 2b 2- 2- MORNINGSTAR RANCH MUNICIPAL UTILITY DISTRICT NO. 2 OF PARKER COUNTY ATTEST: Secreta and f Direc rs Presid t, Board eetors ate: V-v ZZ OFF 2021 Utility Agreement for Momingstar Ranch-Page 16 �— FWFW HOLDINGS, INC., a Texas corporation By: _ Z�kjt RfkGill, President Date: FmL va{r` 41 2.Dz2 FG ALEDO DEVELOPMENT, LLC By: Name; Title: J,q / Date: F-e 6 y-o dv 41 zoo. C11TYSECRETARY 2021 Utility Agreement For Morningstar Ranch-Page 17 FT. %#0R 4,7X EXHIBIT A Legal Description of Additional Property legal d2%Mjpti0n of Bend: Reing a 350.42 acres tract dete;rrninad by field survey situated in thu 1i DFAN SURVEY,A"STR,ACT NO.354, W.GLOVER SURVEY,ABSTRACT NO.2594,J_MORTIS SURVEY,ABSTRACT NC7.9"and the C F 1011k SURVIM ABSTRACT NO. 1121,Palltor County,Texas,being all the following called[recta: Called 302 safes 4-1-conveyed b3'the Lyon Living Tmst to Tommy Calvin Lyon,Darrell Joe Lyon,and Pamela Gail Lyon Fuqua as evidenced by deed recorded in Volume 18.74.Page 685, Real Property Records Parker County,Texas(Tracts i end II),Called 10 acre +,-convcyW by the Lyon Living Trust to"Tommy Lyon&Pam Lyon Fuqua as evidenced by deed recorded In Volume 1874,Page 680.Real Property Rec,urds Parker County,Texas;Called 20 arms+- conveyed by the L,ytpn living Trust to Darrel Joe Lyon as evidenced by deed recorded in Volume 1874,Page 676, Real Property Records Parker County,Texas;and Cal Iad 12.82 acr"-hf-cony by Ira Calvin Lyon,Tornaty Calvin Lyon,and Darrell Joe Lyon to Torry Wayne Fuqua, Jr. and Ptimala Gail Fuqua as evidence by deed rocordr§d in Volurne 2002,Pago 20,.Keel Property Records Parker Comity,Tetras. Sold 350142 nctm tract being tuore particularly describer]by mtetes and bounds astellows: BEiiINNFNG at a lit'iron rani found In the north line of said Trstct 11,bs Lets the northerly rautheaut corner of that certain lmct ofland described in deed to Betsy Jb Dearing Broudur,recorded in Volernre$97,Page,497.Reed Records, larkerCounty,Texas,and being the southwest corner of HOLLY RI WE ESTATES,an Addition in Parker County, Tex=, according to the Plat recorded in Plat Cabinet 0, Slide 074, Pint Records, Parker County, Texas. said BEGINNING point having a NAD 93, Zone 4202 (Grid) coordinate: value of MORT'13.69"567,99 and EAST1247!MA2,for reference; THENCE N 98"38 36"E.aJoug the common uric of said Tract lI and said HOLLY RIDGE ESTATES,at 926.86 feet passing a I W iron rod found at the aarnnion near comer of Lots I3 and 14 of said]HOLLY RIDGE ESTATES,and continuing,slang said common line.iri all,a distance of 1856.33 fect to a point at the sukrthcagt comcrof said DOLLY RIDOP ESTATES and being dir southwml wmar of that wain tract of land described in deed to MCRS Ranch, rwoTdod in Valenta 1409.Page 1104,heal Property Records.l'atker[aunty,Taxes,from srtid point a 3'metal fence comer post found hears N WOW]1"V.a dirtanim.of 117 tint seed an 8"wood pool fe ad bears N 19V2'I8"W,a di-tames of 1,10 feet,forref4mec; THENCE N 69¢0+1'3Cr"E.a distance of 0.83 feet to the northwest corner of that certain tract of Iand.described in deed roe BAR.-KO Land Curnp¢ny,LLC.recorded in Instrument Number 201931204,Official Public.Records, Parker Caiurty,Texas, TII N�along the wrest and wuth litre of said DA R-KO Land Company,UC,traAcl.m follows. S 40°461D4' ll�a distance of 350,07 feet to a la"c&Md iron rod found stamped"C.F..Stark RPLS 5084" at the muthwest comer of said 9AR-KO I,ernd ComMay, LLC,tract,Ding the beginning of a curve to the right,whose Wins is 375.00 feet and whose long chord brews S 7M'04"R,n chord distance of 78.75 feel; Along said carve in a southeasterly direction,through a central angle of IM116",an arc distance of 78.90 feet to a 112"capped iron rod found stamped"CT.Starks RPLS 3084"i S 66001'26"E,a distance of 771.73 fm to a I l2"cgppad iron rood found stamped'CF. Stark RPLS 5064".N 51039'17"E,a distance ot697,94 feet to a 4"metal post found at(lie southeast corner of said BAR-KO Land Company,LLC,4Ad,also being the southerly southwest corner of that certain tract of land described indeed: to BAR-KO l..a W Company, LLC, recorded in Instrumont Number 201917432,Official Public Records,Parker County,Texas,being in Use east line of said Traci 11 and being the most northerly northwest corner of that certain tract of land described in deed to William Flaming., et al, recorded in Volume 237,Page 562.DeW Records.Parker County,Texas; TPILNCr along the Common line of said Tract It and said Fleming,et al tract,generally along a fence,as follow. s uu-3ts,011 E,a distance of 1250.06 fe€t to a 4"metal fence corner post found; S$8927151"W,a distance of 1055.62 feet to a 4"metal fence corner post fortnd; S 17`25'051 W,a distance of 1565.6) feet to a bend in said fence; Exhibit A Page 1 S 17�42.43"W,a distance of 89.6S feet to a bend in said featee; S 16*27'00"W,a disutflce M3219.7S feet to a lt2"capped iron rod set stamped "C_F-Stork RPLS 5084" S SW20'24"E,a distance of 244.1 i1 feot to A 4"metal fence corner past found; S 33$31'R43"R,a distance 4f 277.98 feet to a 4"metal fence eomiw post found; S 70°SVI4-k.a dis�wc+c of i 45.53 foci to a 4"metal fence post fcruttd; S 71145t48"E,a 44ance of M6.43 fact to a metal foncc post found; S 7 kO47`23"E,a diatanco of S 1.2.54 feet to a I a"capped iron rod set stamped V.P.Stark MS 508 4" S 49°29*34" E,a distance of 167,87 feet to Ir2." eaMrad iron fad sot stamped"C.17,Stack kPLS S084" S 01�2 V 46"1I,a distanoo of 763.95 fora to a 6"wood fence cornea post found at the southeast corner of said Tract 11 and belrtg the northeast corner of that certain tract or land described in deed to F W1i W Holdings,lire..recorded In Instrument Numhcr 2 0 1 4-10303,Official Public accords,Parker county,'rcxas; THENCE S 8902644"W,along the coca mon lino of said Tract 1I and said PWFW Holdings,Inc.,tract,a distance of 421250 Coot to a 4"tnotal fcnoe corner post found at tht touthwest scorner of sHiA"Trait 11; THENCE N 0101 t'58" W,continuing along&e oorrnnon line of said Trait 1I and said F'V4WFW Holilioap Ino„ tract,a distance of 247.39 fcct to a 4"metal fence corner post fount]at the southeast corner of said Trace I; THENCE 14 99046W43"e.V,along the cornmon lino of said Tract 1 arnd said FW FW Holdings.Ino..tract,a distance of 2433,98 fed to a Texab Deparimcni of Public Transportation monument fotand(herein after oalled TxDOT monument)in tho oast line of Farm To Market Highway 3325(,4.K A Formcr Rome-Riahl-of Way varies)and being the northwest corder ofsaid FWFW Holdings,lne-,tract.,said TxDOT montttacnt found being in a emwe tQ the right.whose radius 16 7$79.44 feetarttd whose long chordbews N 03 013'30'i,a chord distunee oft 99.35 feet; THENCE along the mast line of said Farm To Market Highway 3325 and alone;said curve,in a northeasterly direction,through a ccntratl ang1r OM1025'53",an arc distance of 189.35 feast to a TxDOT monument found; THENCE N 03056126"E,continuing along the east lint ofsadd Farm To Market Highway 3325,a diwtance of 31.5.915 feet to a TxDOT morLument found at the be&aipS of a curve to the W1,whose radius ita 7699-44 foul and whose long chord boar's N 43°2"4"F a cjwrd distance of f 22.S9 feet; THENCE continuing along the east fine of said Pant To Market 11ighway 3325 and orlon$ se:td curve, in a rwrtheastarly direetlon, tbrcugh a central an r of 00054"44", an arc distance of 122.59 foot to a'rxa3GT monument found in the north line of said Tract I,in the south line of said Belay Jo Dearing Srriwder Iraot wind Ming the most westerly northwest comer of#w hereto described 350.42 acre tract; THENCE N W53.30"E,leaving(he east lute of&tid Farm To Market}1ighwny 3325,along the common line orsaid Tract I.and said Betsy Jo Dearing Browder tract,passing the northeast corner of said Tract I and the most westerly northwest coons of said`firoct 11,and continuing along the common lino ofsaid Tract 11 and said Be*Jo bearing Browder tract, in A,it din€mcp of 3-247.97 feet to s 112" iron rod found at the most southerly southeatst corner of Raid Betsy Jo Dearing Brnwder tract; TEENCE,along the ctwnmon line of said Tract 11 and said Betsy Jo bearing Browder react,generally along a farce,ats folloovs: N 01'19'20'W, a distance of262_02 feet to a bend in said fence; N 014129'31"W.a distance of510.59 feet to tt bend in said fence; 4 N Ol'l V lfl"W,a distam a of 844.21 feet to a bend in said fence; N€)gO'59"W,a distance of 1471.49 feet to a bend in said fence; Exhibit A Page 2 N a102214"W.a diEuutrs-cf 418.49 feet to s bend is said force; N Ql°29'3,3"W. distr ttev of 309.25 feat to a bend in -,id fvrtce; NO I V2'96" %V,r disfur:po of 283.66 feet to .411 A t17.3 mast�;duftrly mi-thwev corm of said Tr-st 11 -1nd tA-ing a,n all corntr of snid D wy Jo Hearing Browder tags; 71113NCJd N 89026128"IF,contImA1►0C,Aosrg the common line of sMd Tract 11 are!T aid BstRy Jo Maring Browdcr tact,oL dist_are of 197.34 felt to Mx POINT OF BEGINNING and contminihi; 350.42 Beres of hand,mort or less. Exhibit A Page 3 Exhibit B Map of Districts J HO MAN SURLY' — - — T re I'AR CQ sulp EY e +� ASSWACT'FC E32 r -— At3STRh'"T NO. rSD> S'Sg 5O� t 00. n;a0�3 Ryf t 1 I Cy 5 d ��1R IySR LQ. is, IV, cca"scavtEY — • — • - - • — - - . — A3•'S7RACT NO 2564 NVJrt '7 — — — 530.399011AJJCRES • 'f I J V Alomr&..5 5WIEY ASS7yiACT A'Yi. 3?i' �A 6, Gel -Orl GHQ 6A � F I_ . C,4.:=iF7J..ACa'S(3h'SY1,9Fg M' • A6S7nACT hiEk Tub I 14�,�7�'�D 1 557.4'34 ACRES J. AICCIARY.S'df.RWY ABSIRACT NO 907 A997RA07-NO. 2347 J(J, KYLE Sf}Ri�Y A-9SM,4CT NU 7-4 J. V. JAMRS'WRwy W. 1741-'E S'J7Tw�r , . &A,H. TANDY SURLSY ASSNACT NO 924 A&S7RACT RO J37.3 A175W.4CT,Ih7 .7X.N MOF"GSTAR f t OFisfamM fi bf CIPAL D1NTSCr Irsueao�r�uaoas�er,�s A'`I1l MMCIPAL DiSnUCF a . ( ERrp s.Sp00AlER � =SYEEiS5TREEf.SU.TE100,EU'�ES$ 0307EW79 ` ....'... (817)&SA448 w�A'i SPnOs� vEvoRs a aF a4 DATE wjv2m I4$JI3 i and WW 2—PAGE 4 OF 1 Exhibit B Exhibit C Legal Descriptions of Property DISTRICT ONE BEING a 557.4334 acre tract of land located in the M.S. Teter Survey, Abstract Number 2070, P.J. McClary Survey, Abstract Number 907 and J.D. Morris Survey, Abstract Number 927, Parker County, Texas, said 557.4334 acre tract being a portion of a called 138.278 acre tract of land conveyed to FG ALEDO DEVELOPMENT,LLC, by deed thereof filed for record in Instrument Number 201410308, Official Public Records, Parker County, Texas, said 557.4334 acre tract being a portion of the remainder a called 598.949 acre tract of land conveyed to FWFW HOLDINGS, INC., by deed thereof filed for record in Instrument Number 201410303, Official Public Records, Parker County, Texas, said 557.4334 acre tract being more particularly described by the metes and bounds as follows: BEGINNING at a Texas Department of Transportation brass monument found (hereinafter referred to as a TXDOT monument found)at the southerly end of a corner clip located at the intersection of the north right-of-way line of Old Weatherford Road (being a variable width public right-of-way) with the east right-of-way line of Farmer Road (being a variable width public right-of-way also known as Farm to Market Highway No. 3325), said beginning point also having a NAD83 Texas North Central Zone (4202) grid coordinate of N: 6,954,954.08 and E: 2,245,264.49; THENCE North 45"21'18" West, along the said corner clip, 71.52 feet to a Texas Department of Transportation brass monument found at the northerly end of the said corner clip; THENCE along the said east right-of-way line of Farmer Road the following courses and distances: North 01°04'02" West, 852.02 feet to a 1/2 inch iron rod with a cap stamped "4151" found; North 01°04'21" West, 292.61 feet to a TXDOT monument found; North 00°28'59" West, 13.07 feet to a 1/2 inch iron rod found: North 01004'30" West, 320.39 feet to a 5/8 inch iron rod with a cap stamped "JACOBS" found; North 01°03'10" West, 1,466.70 feet; North 04°25'07" East, 50.19 feet to a TXDOT monument found; North 00°59'59" West, 100.04 feet to a TXDOT monument found; Exhibit C Page l North 0604322" West, 50.14 feet to a TXDOT monument found; North 00°33'35" West, 47.37 feet to the beginning of a non-tangent curve to the left having a radius of 2,924.79 feet; Along the said curve to the left, an are length of 155.81 feet and across a chord which bears North 02°35'58" West, a chord length of 155.80 feet; North 05'47'11" East, 104.38 feet to a TXDOT monument found; North 0715'41" West, 308.99 feet to a TXDOT monument found; North 29°21'05" West, 106.79 feet to a TXDOT monument found at the beginning of a non-tangent curve to the left having a radius of 2,924.79 feet; Along the said curve to the left, an are length of 248.61 feet and across a chord which bears North 16°3343" West, a chord length of 248.53 feet to a TXDOT monument found; North 18°58'58" West, 8 77.17 feet to a TXDOT monument found at the beginning of non-tangent curve to the right having a radius of 1,849.86 feet; Along the said curve to the right, an are length of 99.08 feet and across a chord which bears North 17°25'36" West, a chord length of 99.06 feet; THENCE departing the said right-of-way line of Farmer Road and over and across the said 598.949 acre the following courses and distances; North 89°29'59" East, 987.57 feet; South 85°47'44" East, 144.39 feet; North 15°56'45" East, 115.99 feet to the beginning of a non-tangent curve to the right having a radius of 500.00 feet; Along the said curve to the right, an are length of 49.89 feet and across a chord which bears South 71°06'54" East, a chord length of 49.87 feet; South 68°15'24" East, 225.38 feet to the beginning of a curve to the right having a radius of 30.50 feet; Along the said curve to the right, an arc length of 15.64 feet and across a chord which bears South 53°33'56" East, a chord length of 15.47 feet to the beginning of a curve to the left having a radius of 50.00 feet; Along the said curve to the left, an arc length of 129.82 feet and across a chord which Exhibit C Page 2 bears North 66°44'36" East, a chord length of 96.31 feet to the beginning of a curve to the right having a radius of 3 0.5 0 feet; Along the said curve to the right, an arc length of 11.49 feet and across a chord which bears North 03°09'00" East, a chord length of 11.42 feet; South 68'15'24" East, 119.72 feet; North 21°44'36" East, 95.00 feet; South 68°15'24" East, 355.00 feet; South 66°17'41" East, 98.06 feet; South 59004'13" East, 97.32 feet; South 51°43'41" East, 97.88 feet; South 49'23'17" East, 155.00 feet; North 409643" East, 118.81 feet; North 02°23'24" West, 20.00 feet to the beginning of a non-tangent curve to the left having a radius of 50.00 feet; Along the said curve to the left, an arc length of 178.66 feet and across a chord which bears North 14°45'25" West, a chord length of 97.68 feet to the beginning of a curve to the right having a radius of 30.50 feet; Along the said curve to the right, an arc length of 24.87 feet and across a chord which bears South 86°14'07" West, a chord length of 24.19 feet; North 40°36'43" East, 12797 feet; North 49'23'17" West, 64.43 feet to the beginning of a curve to the left having a radius of 1,045.00 feet; Along the said curve to the left, an arc Iength of 17.50 feet and across a chord which bears North 49°52'05" West, a chord length of 17.50 feet; North 39°39'08" East, 179.32 feet; North 16°57'38" East, 121.40 feet to the beginning of a non-tangent curve to the right having a radius of 280.00 feet; Along the said curve to the right, an arc length of 23.37 feet and across a chord which Exhibit C Page 3 bears North 70°38'53" West, a chord length of 23.37 feet; North 68'15'24" West, 74.92 feet; North 21°44'36" East, 279.36 feet; North 08°1 T52" East, 51.41 feet; North 0093'12" East, 234.40 feet; North 89026'50" East, 8.63 feet; North 00'33'10" West, 120.00 feet; North 89°26'50" East, 517.88 feet; North 89'16'06" East, 80.00 feet; North 89°05'25" East, 225.00 feet; South 45°54'35" East, 14.14 feet; South 00°54'35" East, 153.08 feet; North 89°05'25" East, 300.00 feet; South 00°54'35" East, 5.00 feet; North 89°05'25" East, 350.00 feet; South 00°54'35" East, 60.00 feet; North 89°05'25" East, 550.00 feet; South 00054135" East, 420.00 feet; North 89°05'25" East, 650.00 feet; South 00°54'35" East, 360.00 feet; North 89°05'25" East, 300.00 feet; North 00054'35" West, 300.00 feet; North 89°05'25" East, 730.00 feet; Exhibit C Page 4 North 00°54'35" West, 125.00 feet; North 89°05'25" East, 5.00 feet; North 00°54'35" West, 350.00 feet; North 89°05'25" East, 129.67 feet; North 00°09'21" West, 228.80 feet to the beginning of a curve to the right having a radius of 30.50 feet; Along the said curve to the right, an are length of 23.55 feet and across a chord which bears North 21°58'01" East. a chord length of 22.97 feet; North 89°50'39" East, 126.35 feet to the east property line of the said 598.949 acre tract, same being the west property line of a certain tract of land conveyed to Walsh Ranches, Ltd.,by deed thereof filed for record in Volume 237, Page 562, Deed Records, Parker County,Texas; THENCE South 00a09'21" East, along the said east property line and along the said west property line, 1,388.40 feet to a cross tie found at the most southerly northeast property corner of said 598949 acre tract, same being the southwest property corner of the said Walsh tract, said cross tie found being on.the north property line of a certain tract of land conveyed to W.C. Onken, by deed thereof filed for record in Volume 1142, Page 648 Deed Records, Parker County, Texas; THENCE South 89°05'25" West, along a south property line of the said 598.949 acre tract and along the said north property line of the Onken tract, 2,077.14 feet to a cross tie found at a northeast property corner of the said 598.949 acre tract, same being the northwest property corner of the said Onken tract; THENCE South 01°13'18" East, along an east property line of the said 598.949 acre tract, 4,817.83 feet to a cross tie found at the southeast property corner of the said 598949 acre tract, said cross tie found being on the north property line of a certain tract of land conveyed to Beggs Geo I11, et Al, by deed thereof filed for record in Volume 204, Page 497, Deed Records, Parker County, Texas, same being the future north right-of-way line of Old Weather Road(not recorded at time of survey); THENCE along the said south property line of the said 598.949 acre tract and along the said north property line of the Beggs tract the following courses and distances: North 69037 17" West, 342.48 feet to a 518 inch iron rod with a cap stamped "JACOBS" found; North 780561.1" West, 382.1.6 feet: Exhibit C Page 5 South 78°25'49" West,296.23 feet to a 5/8 inch iron rod with a cap stamped "JACOBS" found; South 71°49'06" West, 625.79 feet to a 5/8 inch iron rod with a cap stamped "JACOBS" found; South 83°02'14" West, 195.24 feet to a 5/8 inch iron rod with a cap stamped "JACOBS" found; North 84°16149" West, 132.86 feet to a 5/8 inch iron rod with a cap stamped "JACOBS" found; North 64°52'53" West, 160.44 feet to a 519 inch iron rod with a cap stamped "JACOBS" found; North 81°04'46" West, 540.40 feet to a 2 inch iron pipe fence corner found; North 89'5716" West, 1,436.84 feet to the POINT OF BEGINNING. The herein above described tract of land contains a computed area of 557.4334 acres (24,281,800 square feet) of land, more or less. The bearings recited herein above are based on a local coordinate system based on NAD83 Texas North Central Zone 4202, derived from GPS RTK observations using the North Texas VRS Network(maintained by Allterra Central, Inc.) DISTRICT TWO BEING a 530.3980 acre tract of land located in the M.S. Teter Survey, Abstract Number 2070, W.H. Glover Survey, Abstract Number 2584, J.D. Morris Survey, Abstract Number 927, C. Rider Survey, Abstract Number 1121, and E. Dean Survey, Abstract Number 354, Parker County, Texas, said 530.3980 acre tract being all of a called 350.42 acre tract of land conveyed to 350 LYONS LAND INVESTMENTS,LLC, by deed thereof filed for record in Instrument Number 202112419, Official Public Records, Parker County,Texas, said 530.3980 acre tract being a portion of a called 737.227 acre tract of land conveyed to FWFW HOLDINGS,INC., by deed thereof filed for record in Instrument Number 201410303, Official Public Records, Parker County, Texas, said 530.3980 acre tract being more particularly described by the metes and bounds as follows: BEGINNING at a Texas Department of Transportation brass monument found (hereinafter referred to as a TXDOT monument found) at the northwest property corner of the said 737.227 acre tract, same being the southwest property corner of the said 350.42 acre tract, said beginning point being on the east right-of-way line of Farmer Road (being a variable width public right-of- way also known as Farm to Market Highway No. 3325), said beginning point also having a Exhibit C Page 6 NAD83 Texas North Central Zone (4202) grid coordinate of N: 6,961,751.09 and E: 2,244,603.92, said beginning point being at the beginning of a curve to the right having a radius of 7,579.44 feet; THENCE along the said right-of-way line and along the said curve to the right, an are length of 189.08 feet and across a chord which bears North 03°15'18" East, a chord length of 189.08 feet to a TXDOT monument found; THENCE North 03°56'22" East, 316.07 feet to a TXDOT monument found at the beginning of non-tangent curve to the left having a radius of 7,699.44 feet; THENCE along the said curve to the left, an arc length of 122.59 feet and across a chord which bears North 03°34'28" East, a chord length of 122.59 feet to a TXDOT monument found at the most westerly northwest property corner of the said 350.42 acre tract; THENCE North 89°53'09" East, along the north property line of the said 350.42 acre tract, 3,248.64 feet to a northwest property corner of the said 350.42 acre tract; THENCE along a west property line of the said 350.42 acre tract the following courses and distances: North 01'1941" West,262.08 feet; North 01°29'52" West, 510.70 feet; North O 1°I I'40" West, 844.39 feet; North 01°11'20" West, 1,471.79 feet; North 01°22'34" West, 418.58 feet; North 01°29'54" West, 389.33 feet; North 01°03'16" West, 283.72 feet to a 4 inch metal post found at the most northerly northwest property corner of the said 350.42 acre tract; THENCE North 88034'49" East, along a north property line of the said 350.42 acre tract, 197.68 feet to a 1/2 inch iron rod with a cap stamped "TEXAS SURVEYING INC" found at the southwest lot corner of Lot 14,Holly Ridge Estates, being an Addition to Parker County, Texas, according to the plat thereof filed for record in Cabinet B, Slide 74, Plat Records, Parker County, Texas; THENCE North 88°38'44" East, along the said north property line, 1,857.45 feet to a 1l2 inch iron rod with a cap stamped "STARK 5084" found at the most northerly northeast property corner of the said 350.42 acre tract, same being the southeast lot corner of Lot 13 of the said plat of Holly Ridge Estates, same being the southwest property corner of a called 103.95 acre tract of Exhibit C Page 7 land conveyed to Bar-ko Land Company, LLC, by deed thereof filed for record in Instrument Number 201917432, Official Public Records, Parker County, Texas, said point also being the northwest property corner of a called 15.47 acre tract conveyed to Bar-Ko Land Company, LLC, by deed thereof filed for record in Instrument Number 201931204, Official Public Records, Parker County, Texas; THENCE along the common property line of the said 350.42 acre tract and the said 15.47 acre tract the fallowing courses and distances: South 00°46'13" East, 350.06 feet to the beginning of a non-tangent curve to the right having a radius of 375.00 feet; Along the said curve to the right, an are length of 78.89 feet and across a chord which bears South 72'03'13" East, a chord length of 78.75 feet;. South 66'01'35" East, 771.72 feet; North 51°39'08" East, 697.93 feet to a 4 inch metal post found at the most easterly northeast property corner of the 350.42 acre tract, same being the east property corner of the said 15.47 acre tract, same being the most southerly southeast property corner of the said 103.95 acre tract, same being a northwest property corner of a certain tract of land conveyed to Walsh Ranches Ltd., by deed thereof filed for record in Volume 237, Page 562, Deed Records, Parker County, Texas; THENCE along the easterly property line of the said 350.42 acre tract and along the westerly property line of the said Walsh Ranches tract(Vol. 237, Pg. 562) the following courses and distances: South 00°58'02" East, 1,250.04 feet; South 88°26'49" West, 1,055.84 feet to a 4 inch metal post found; South 17°16'01" West, 1,973.87 feet; South 50°20'51" East, 244.06 feet to a 4 inch metal post found; South 3391'25" East, 278.03 feet; South 70°54'56" East, 148.55 feet; South 71°45'30" East, 306.48 feet; South 71°47'05" East, 812.68 feet; South 49'29'16" East, 167.90 feet; Exhibit C Page 8 South 01°21'28" East, 764.09 feet to across tie found at the southeast property corner of the said 350.42 acre tract, same being the northeast property corner of the said 737.227 acre tract; THENCE South 00°09'21" East, along the said east property line of the said 737.227 acre tract and continuing along the said west property line of the Walsh Ranches tract, 423.47 feet; THENCE departing the said property lines and over and across the said 737.227 acre tract the following courses and distances: South 89°50'39" West, 126.35 feet to the beginning of a non-tangent curve to the left having a radius of 30.50 feet; Along the said curve to the left, an are length of 23.55 feet and across a chord which bears South 21°58'01" West, a chord length of22.97 feet; South 00°09'21" East, 228.80 feet; South 89°05'25" West, 129.67 feet; South 00054'35" East, 350.00 feet; South 89°05'25" West, 5.00 feet;. South 00°5435" East, 125.00 feet;. South 89°05'25" West, 730.00 feet; South 00054'35" East, 300.00 feet; South 89°05'25" West, 300.00 feet; North 00°54'35" West, 360.00 feet; South 89°05'25" West, 650.00 feet; North 00°54'35" West, 420.00 feet; South 89°05'25" West, 550.00 feet; North 00°54'35" West, 60.00 feet; South 89°05'25" West, 350.00 feet; North 00054'35" West, 5.00 feet; Exhibit C Page 9 South 89°05'25" West, 300,00 feet; North 00°54'35" West, 153.08 feet; North 45054'35" West, 14.14 feet; South 89005'25" West, 225.00 feet; South 89°l 6'06" West, 80.00 feet; South 89°26'50" West., 517,88 feet; South 00°33'10" East. 120.00 feet: South 89°26'50" West, 8.63 feet; South 00°13'12" West, 234.40 feet; South 08°t7'52" West, 51.41 feet; South 21°44'36" West, 279.36 feet; South 68'1524" East, 74.92 feet to the beginning of a curve to the left having a radius of 280.00 feet; Along the said curve to the left, an are length of23.37 feet and across a chord which bears South 70°38'53" East, a chord length of 23.37 feet; South 16057'38" West, 121.40 feet; South 39°39'08" West, 179.32 feet to the beginning of a non-tangent curve to the right having a radius of 1,045.00 feet: Along the said curve to the right,an are length of 17.50 feet and across a chord which bears South 49°52'05" East, a chord length of 17.50 feet; South 49°23'17" East, 64.43 feet; South 40°36'43" West,. 127.97 feet to the beginning of a non-tangent curve to the left having a radius of 30.50 feet; Along the said curve to the left, an arc length of 24.87 feet and across a chord which bears North 86°14'07" East, a chord length of 24.19 feet to the beginning of a curve to the right having a radius of 50.00 feet; Along the said curve to the right, an arc length of 178.66 feet and across a chord which Exhibit C Page 10 bears South 14°45'25" East, a chord length of 97.68 feet; South 02°23'24" East,20.00 feet; South 40°36'43" West, 118.81 feet; North 49'23'17" West, 155.00 feet; North 51°43'41" West, 97.88 feet; North 59'04'13" West, 97.32 feet; Not 66°17'41" West, 98.06 feet; North 68°15'24" West, 355.00 feet; South 21°44'36" West, 95.00 feet; North 68°15'24" West, 119.72 feet to the beginning of a non-tangent curve to the left having a radius of 30.50 feet;. Along the said curve to the left, an arc length of 11.49 feet and across a chord which bears South 03°09'00" West, a chord length of 11.42 feet to the beginning of a curve to the right having a radius of 50.00 feet; Along the said curve to the right, an are length of 129.82 feet and across a chord which bears South 66°44'36" West, a chord Iength of 96.31 feet to the beginning of a curve to the left having a radius of 30.50 feet; Along the said curve to the left, an arc length of 15.64 feet and across a chord which bears North 53°33'56" West, a chord length of 15.47 feet; North 68'15'24" West, 225.39 feet to the beginning of curve to the left having a radius of 500.00 feet; Along the said curve to the left, an are length of 49.99 feet and across a chord which bears North 71°06'54" West, a chord length of 49.87 feet; South 15°56'45" West, 115.99 feet; North 85°47'44" West, 144.39 feet; South 89°29'59" West, 987.57 feet to a point on the said east right-of-way line of Farmer Road, said point being at the beginning of a non-tangent curve to the right having a radius of 1,849.96 feet; Exhibit C Page I I THENCE along the said right-of-way line and along the said curve to the right,an arc length of 482.27 feet and across a chord which bears North 08°25'25" West, a chord length of 480.90 feet to a TXDOT monument found; THENCE North 00°5745" West, 796.84 feet to the beginning of a non-tangent curve to the right having a radius of 7,579.44 feet; THENCE along the said right-of-way line and along the said curve to the right, an are length of 461.63 feet and across a chord which bears North 00°48'44" East, a chord length of 461.56 feet to the POINT OF BEGINNING. The herein above described tract of land contains a computed area of 530.3980 acres (23,104,137 square feet) of land, more or less. The bearings recited herein above are based on a local coordinate system based on NAD83 Texas North Central Zone 4202, derived from GPS RTK observations using the North Texas VRS Network(maintained by Allterra Central, Inc. Exhibit C Page 12 Exhibit D Lyon Ranch Off-Site Wastewater Line L1'OIV TRACT Luflon¢ Sars`lory 44vw pgrorglorr{4�yWl TF841�d.7�L� ' 4bG�noa from M1orw�7at Canneal7m k d,297 LF L r . ' r F*ROPOSER 3 NTTARY:,EVYER N' . sr Exhibit D Exhibit E Lyon Ranch Off-Site Water Line pxed rS1CLLt @ p isle ON iP.hCT YiFlln n MI■r ILoe s t 4 d xjrirr hot 'i*rM1Nd•ral��Irnr l;alsih�Rnht tlur %C 7 IOANL'iGSTAR XHIBIT "Ell - L':tp1�r�'15yH3�11 3��5'39'i197'3h'05'kY_._ �f1 f� Exhibit E Exhibit F ASSIGNMENT AND ASSUMPTION AGREEMENT THIS ASSIGNMENT AND ASSUMPTION AGREEMENT("Assignment") is made and entered into as of the day of , between a ("Assi nor"), and , a ("Assignee') (Assignor and Assignee are hereinafter sometimes collectively referred to as the "Parties " and singularly as a "Party"). RECITALS: A. Assignor is the owner of the rights of Owner under that certain 2021 Utility Agreement for Morningstar Ranch between FWFW Holdings, Inc. and FG Aledo Development, LLC (collectively, "Owner"), the City of Fort Worth, Morningstar Ranch Municipal Utility District No. 1 of Parker County and Morningstar Ranch Municipal Utility District No. 2 of Parker County, effective , City Secretary Contract No. (the "Agreement")to the extent that the Agreement covers, affects, and relates to the lands described on Exhibit A attached hereto (the"Transferred Premises"). B. Assignor desires to assign certain of its rights under the Agreement as it relates to the Transferred Premises to Assignee, and Assignee desires to acquire such rights, on and subject to the terms and conditions of this Assignment. NOW, THEREFORE, in consideration of the premises, the mutual covenants and obligations set forth herein, and other good and valuable consideration, the receipt and legal sufficiency of which are hereby acknowledged,the Parties hereby agree and act as follows: 1. Certain Defined Terms. Unless indicated otherwise herein, capitalized terms in this Assignment shall have the same meanings ascribed to them in the Agreement. 2. Assignment. Subject to all of the terms and conditions of this Assignment, Assignor hereby assigns all [or describe specifically assigned rights if partial] of its rights under the Agreement, insofar as the Agreement covers, affects, and relates to the Transferred Premises. 3. Assumption. Assignee hereby assumes all obligations of Assignor and any liability that may result from acts or omissions by Assignee under the Agreement as it relates to the Transferred Premises that may arise or accrue from and after the effective date of this Assignment, and Assignor is hereby released from all such obligations and liabilities from and after the effective date of this Assignment; provided., however, this Assignment does not release Assignor from any liability that resulted from an act or omission by Assignor that occurred prior to the effective date of this Assignment unless the City approves the release in writing. 4. Governing Law. THIS ASSIGNMENT MUST BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS, AS Exhibit F Page 1 THEY APPLY TO CONTRACTS PERFORMED WITHIN THE STATE OF TEXAS AND WITHOUT REGARD TO ANY CHOICE OF LAW RULES OR PRINCIPLES TO THE CONTRARY. 5. Counterpart/Facsimile Execution. This Assignment may be executed in multiple counterparts, each of which shall be deemed to be an original. 6. Notice to City. A copy of this Assignment shall be provided to the City within fifteen (15) days after execution. 7. Binding Effect,. This Assignment shall be binding upon and. shall inure to the benefit of Assignor and Assignees and their respective heirs, personal representative, successors, and assigns. EXECUTED as of the day and year first written above. ASSIGNOR: By: Printed Name: Title: ASSIGNEE: By: Printed Name: Title: Exhibit F Page 2 STATE OF TEXAS § COUNTY OF § SWORN TO AND SUBSCRIBED before me on the day of ,20 , by Notary Public, State of Texas STATE OF TEXAS § COUNTY OF § SWORN TO AND SUBSCRIBED before me on the day of , 20 , by Notary Public, State Exhibit F Page 3 Exhibit A Legal Description of the Transferred Premises Exhibit F Page 4