HomeMy WebLinkAboutContract 55813-A1 Date Received: J u n 6, 2022 City Secretary
Time Received: 1:24 pm Contract Number: 55813-Al
FIRST AMENDMENT TO CITY SECRETARY CONTRACT NUMBER 55813
A COMMUNITY FACILITIES AGREEMENT BETWEEN
THE CITY OF FORT WORTH AND DEER CREEK INTERESTS,LTD
This FIRST AMENDMENT TO CITY SECRETARY CONTRACT NUMBER
55813 ("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 Deer Creek Interests,
Ltd. ("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 known as Deer Creek,
City Secretary Contract Number 55813 ("CFA"); and
WHEREAS,Developer provided a Development Bond in the amount of$2,673,462.50
as the financial guarantee for the Project("Development Bond"); and
WHEREAS, Developer has completed construction of the water, sewer, paving and
storm drain Improvements pursuant to the CFA; and
WHEREAS, in accordance with the CFA Ordinance, Developer desires to reduce the
amount of the Development Bond to $167,343.75 as the financial guarantee for the street light
Improvements remaining 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. 55813:
1.
Section 5 of the CFA is amended to add the following after the first paragraph:
City and Developer agree that Developer may reduce the Development Bond
provided as the financial guarantee for the CFA to the amount of $167,343.75, which
amount equals one hundred percent (125%) of the construction cost for the street light
Improvements, guaranteeing Developer's obligation to complete construction of the street
light Improvements and pay all contractors and material suppliers.
2.
a. All other provisions of City Secretary Contract Number 55813 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. 55813 FT.WORTH, TX
Page 1 of 3
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 55813.
[REMINADER OF THIS PAGE TO REMAIN BLANK]
City of Fort Worth,Texas
Amendment No. 1 to City Secretary Contract No. 55813
Page 2 of 3
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
Deer Creek Interests, Ltd.
T�c� 3� LL
Dana Burghdoff(J un 3,202 0:31 CDT)
Dana Burghdoff Christopher Chew(May 31,2022 08:06 CDT)
Assistant City Manager Christopher Chew
Senior Vice President, Chief Operating
Officer
Date: J u n 3, 2022
Date: May 31, 2022
Recommended by:
9eruai er Ezer`cacic
JenniferE ernack(May 31,202209:29 CDT)
Jennifer Ezernack/Tiffany Bacon
Contract Compliance Specialist
Development Services Department
Approved as to Form & Legality:
4eg____
Richard A.McCracken(Jun 3,202210:08 CDT)
Richard A. McCracken
Sr. Assistant City Attorney
M&C No. Contract Compliance Manager:
Date: Jun 3,2022 By signing, I acknowledge that I am the
Form 1295: person responsible for the monitoring and
administration of this contract, including all
ATTEST: performance and reporting requirements.
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^ �J °�� Tanie Spa✓lei°t Morales
�LL�'Ll22�fP'S. N r �0 00 �, Janie Scarlett Morales(Jun 2,202214:11CDT)
Jannette S.Goodall(Jinn 6,202207:23 HST) ��O° O=Yf
Jannette S. Goodall o �� Name: Janie Scarlett Morales
��d'�°°O °°°�`� Title: Development Manager
City Secretary da °Opppp0AtY
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OFFICIAL RECORD
City of Fort Worth,Texas CITY SECRETARY
Amendment No. 1 to City Secretary Contract No. 55813 FT.WORTH, TX
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