HomeMy WebLinkAboutContract 56914-A1 Date Received: 8/30/2022 City Secretary
Time Received: 2:07 p.m. Contract No.: 56914-A1
FIRST AMENDMENT TO CITY SECRETARY CONTRACT NUMBER 56914
A COMMUNITY FACILITIES AGREEMENT BETWEEN
THE CITY OF FORT WORTH AND CLAY DEVELOPMENT PARTNERS,LLC
This FIRST AMENDMENT TO CITY SECRETARY CONTRACT NUMBER
56914 ("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 Clay Development
Partners, LLC ("Developer"), a Texas limited liability company.
WHEREAS, the City and Developer entered into a Community Facilities Agreement
for the construction of public infrastructure improvements for a Project know as Chapel Creek
Cottages, City Secretary Contract Number 56914 ("CFA"); and
WHEREAS, Developer provided a cash escrow to the City as the financial guarantee
for the CFA; and
WHEREAS, in accordance with the CFA Ordinance, Developer desires to reduce the
amount of the cash escrow by two-thirds of the amount provided to the City;
NOW THEREFORE, City and Developer, acting herein by and through their duly
authorized representatives, enter into the following agreement, which amends the CFA:
1.
The CFA is amended to add Section 37 to be and read as follows:
37. City and Developer agree that Developer may reduce the amount of the cash
escrow provided to the City as the financial guarantee for the CFA to an amount
that is not less than $438,627.90. City shall refund to Developer an amount not to
exceed$877,255.81.
2.
a. All other provisions of the CFA which are not expressly amended herein, shall remain in
full force and effect.
b. All terms in this First Amendment that are capitalized, but not defined, shall have the
meanings ascribed to those terms in the CFA.
[SIGNATURES ON FOLLOWING PAGE] OFFICIAL RECORD
City of Fort Worth,Texas CITY SECRETARY
Amendment No. 1 to City Secretary Contract No.56914 FT. WORTH TX
Page 1 of 2 1
IN TESTIMONY WHEREOF, the City and Developer have executed this First
Amendment to be effective on the date signed by the City's Assistant City Manager.
CITY OF FORT WORTH DEVELOPER
Clay Development Partners, LLC
Tea 13G� L: 12 -g-
DanaBurghdoff(Aug29,2 14:36CD Reagan n(Aug29,202213:24 CDT)
Dana Burghdoff Reagan Brown
Assistant City Manager President
Date: Aug 29, 2022 Date: Aug 29, 2022
Recommended by:
s ua ,
Bichson Nguyen( 2,02213:2.CDT
Bichson T. Nguyen
Contract Compliance Specialist
Development Services
Approved as to Form &Legality:
42_
Richard A.McCracken(Aug29,202214:30 CD-0
Richard A. McCracken
Sr. Assistant City Attorney
M&C No. Contract Compliance Manager:
Date: Aug 29,2022 By signing, I acknowledge that I am the
Form 1295: person responsible for the monitoring and
�aao�n administration of this contract including all
'
ATTEST: ��,o° po$ performance and reporting requirements.
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P� a Tanie scarlog Morales
7� s �n rEXASop Janie xarlettMomles(Aug29,2o2214:24CDT)
Jannette S.Goodall(Aug29,202216:39 CDT) Laaab�"
Jannette S. Goodall Janie Scarlett Morales
City Secretary Development Manager
OFFICIAL RECORD
City of Fort Worth,Texas CITY SECRETARY
Amendment No. 1 to City Secretary Contract No.56914
Page 2 of FT. WORTH, TX