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HomeMy WebLinkAboutContract 55445-A1Date Received: Jan 3, 2023 Time Received: 7:49 a.m. City Secretary Contract Number: 55445-A1 FIRST AMENDMENT TO CITY SECRETARY CONTRACT NUMBER 55445 A FUTURE IMPROVEMENTS AGREEMENT FOR INFRASTRUCTURE IMPROVEMENTS FOR SOUTHWEST BASSWOOD LOTS This FIRST AMENDMENT TO CITY SECRETARY CONTRACT NUMBER 55445 ("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 Southwest Basswood 35 LP ("Developer"), a Texas limited partnership. WHEREAS, the City and Developer entered into a Future Improvements Agreement for Infrastructure Improvements relating to the Southwest Basswood Lots, City Secretary Contract Number 55445 ("FIA"); and WHEREAS, pursuant to the FIA, in lieu of Developer widening a portion of Basswood Boulevard and installing sidewalks just east of the intersection of Basswood Boulevard and Old Santa Fe Trail ("Improvement"), the Developer paid $71,245.00 ("Developer Funds") to the City for the City to construct the Improvement at a later date determined by the City; and WHEREAS, City has determined that installation of a traffic signal at the intersection of Basswood Boulevard and Old Santa Fe Trail would provide a greater benefit to the public at this time than installing the Improvement; and WHEREAS, Developer agrees with the City's determination and desires to allow City to use the Developer Funds to pay for a portion of the traffic signal; 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. 55445: 1. Section 1 of the FIA is amended in its entirety to be and read as follows: The City may construct (or cause to be constructed) the Improvement at a time convenient to the City provided that adequate public funds, including the Developer Funds for the construction of the Improvement are secured. Developer agrees that City may use some or all of the Developer Funds to contribute to the cost of constructing a traffic signal at the intersection of Basswood Boulevard and Old Santa Fe Trail instead of constructing the Improvement. If the City uses some or all of the Developer Funds to construct the traffic signal, City shall be responsible, at its expense, for constructing the Improvement at a later date determined by the City. City of Fort Worth, Texas Amendment No. 1 to City Secretary Contract No. 55445 OFFICIAL RECORD Page 1 of 2 CITY SECRETARY FT. WORTH, TX aeeaL � j4fiette S. Goodall (Jan 3, 2023 07: ST) Jannette Goodall City Secretary 2. a. All other provisions of City Secretary Contract Number 55445 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 55445. 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 ban, gm.-46 )�E Dana Burghdoff ( c 28, 20 12:53 CST) Dana Burghdoff Assistant City Manager Date: Dec 28, 2022 Recommended by: ofiw g&e Dwayne Hollars (Dec 27, 202209:27 CST) Dwayne Hollars Contract Compliance Specialist Development Services Approved as to Form & Legality: Richard A. McCracken (Dec 27, 2022 13:01 CST) Richard A. McCracken Sr. Assistant City Attorney M&C No. N/A Date: Form 1295: NSA ATTEST: 44�onn 4 b� FORtl�a°o °9-�°0 Ov8 o=0 ��0 * aaa �FXA5a4b IlbRnaa4'�' City of Fort Worth, Texas Amendment No. 1 to City Secretary Contract No. 55445 Page 2 of 2 DEVELOPER Southwest Basswood 35 LP W.R William Sandford (tkc 27, 202209:26 CST) W.A. "Andrew" Sandford Manager Date: Dec 27, 2022 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. Name: Tyson Thompson, P.E. Title: Assistant Director OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX