HomeMy WebLinkAboutContract 56145-A1 03/21/2022 CSC No.56145-A1
4:58 pm
FIRST AMENDMENT TO CITY SECRETARY CONTRACT NUMBER 56145
A COMMUNITY FACILITIES AGREEMENT AND COMPLETION AGREEMENT
BETWEEN THE CITY OF FORT WORTH AND HT HWY 114 DEVELOPMENT,LP
This FIRST AMENDMENT TO CITY SECRETARY CONTRACT NUMBER 56145
("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 HT Hwy 114 Development LP
("Developer"),a Texas limited partnership.
WHEREAS, the City and Developer entered into a Community Facilities Agreement for the
construction of public infrastructure improvements for a Project know as Tradition, Central Phase 2A,
City Project Number 103143 ("CFA");and
WHEREAS,City and Developer executed 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 56145;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. 56145:
1.
Section 5 of the CFA is amended to add the following paragraph:
Developer has delivered to the City a Development Bond in the amount of
$301,715.83, 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 56145 which are not expressly amended
herein, shall remain in full force and effect.
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 56145.
OFFICIAL RECORD
CITY SECRETARY
City of Fort worth,Texas FT. WORTH, TX
Amendment No. 1 to City Secretary Contract No.56145
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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
HT Hwy 114 Development LP,a Texas limited
partnership
Dana Burghdoff( r 18,20 12:21 CDT) By: HT Hwy 114 Development LLC,
Dana Burghdoff a Delaware limited liability company,its general
Assistant City Manager partner
By: HT Hwy 114 LP,
Date: Mar 18,2022 a Delaware limited partnership,its sole member
Recommended by: By: Hines Hwy 114 LLC,
a Delaware limited liability company,its general
partner
EvCelyn Rob s(Mar 18,2022 09:58 CDT)
Evelyn Roberts/Jennifer Ezernack By: Hines Hwy 114 Associates LP,
Project Assistant a Texas limited partnership,its sole member
Development Services
By: Hines Investment Management Holdings
Approved as to Form &Legality: Limited Partnership,
a Texas limited partnership,its general partner
Richard A.McCracken(Mar 18,202211:08 CDT)
By:
Richard A.McCracken
Sr.Assistant City Attorney Robert wine
N/A Robert Witte(Mar 18,2022 09:57 CDT)
M&C No. Name: Robert W. Witte
Date: Title: Senior Managing Director
Form 1295: pin00
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ATTEST: i 1. °O�%.�d Date: Mar 18,2022
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J nette S.Goodall(Mar 18,2022 13' CDT) �` p°° °�*�~
Jannette S. Goodall P Kati nEXA`�o�Ap
City Secretary
Contract Compliance Manager:
By signing,I acknowledge that I am the person
responsible for the monitoring and
administration of this contract,including all
performance and reporting requirements.
,7,gele S,,aMei I`A nyaG &f
Janie Scarlett Morales(Mar 18,202210:01 CDT)
Name: Janie Scarlett Morales
Title: Development Manager
OFFICIAL RECORD
City of Fort Worth,Texas CITY SECRETARY
Amendment No. 1 to City Secretary Contract No.56145 FT. WORTH, TX
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