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HomeMy WebLinkAboutContract 22305 COMUMUNIPt FACILITIES AGREEMENT THE STATE OF TEXAS My Secretary, Comma No. NOUN-PY' QF TARRANT WHERE1 AS, J.C. Pace, Ltdr, a. "grexas Limited Pivirtnershbps harainsfte,.4, called. "Developer', desiri-_s to make certain hinprovements to Pace-Msbury Village, sin addilioxoto the it of Fort Worlh, Texas-} mzl WHEREAS, the said Developer has requested they City of, Fort Worth, a municipal corporation, of Tarrant Count-y, Texas, here rafter` cAled -to do, certain ii-work, in connection vift h said improvements; NOW, THEREPFORE, KNOlfif AULIME N. BY THEIQ�f:- PRESBITS.. said, Developar, aefing her-oh by and through JZC. Pace of dfir;j- COM'pairs vo. I duly authorized Ganarat PArtner, Joe K. Par.-a, Pre dent rind this, City, aefing hert-in. by and. thmugh Nfie Cltomirier,, its duffer auth-ari-zed AssisUnl Cfty Mapagerfi for and im, comideradon.- of 010', Covenants end agreanmnts lvwsr n perk-ormed arld to be per-formed, do; heireby cv;manant "und aureeem,f'ot'lovis, ul.-Wftl: R Z' G pit .41 SECCTION ONE CONIPAUNITY FACUTPES AGREEIVIIENT to instafl WATER Aillflg SEVVER SERVICES PACEALSBURY%LUV3E A. The Ciby agrees-to perr- .,N he Dee aEopell` let a contract,for inacwrdance mAth ft's ac.ce'�,4esd PT'n"Idicles" a4ldl'�'nanrme , regulAfions, and the pwvrWons of the C�tv ('."hadeir, and. sulb�e.d'ko -the mquiramenAs of the Chader, an-d subjed to the requiferrants.. of the COy"s Pofidc,;s aold Rogt4adhons far Insta"alk"'Col of eth"m wAy. e Ile . th- �,wk , of inslaliabion: serye the fa,�, as shownwari.,the aftsdh'.e;.� EAbbit_A- IFER, FACIT.-All* to senve the lal's, a's shown on the attached Exhibit pec'Mcations.to, .:�_l all in a=wrjdante vWhll. pimlzl)ms and. sp be pimpared by pzivale eillgin,,.;aers emiptvyyearl by. the DJaveluper andd approved by the,Water Depadmmenit, B. Th"'a" Cky agraes to 'floe the, Deal'eibopper to 'R'OstaU) at his �xpaasta-" al" the timme Bit Offier wwker maing in thi8; at'Idt"do ave. ibm"olod, ;a service Rnea for each, tot as, shown on the ak&aahad E."Alibit AL, Itte esfilmaled Cost, -of ah se jhnes. �,ss FP T lid, agrr,eS I �IGXOW ftfil),�- bC ,,,fiDIft f eac.�'"v saiiij, sw!'Vil'ice IIR ne in mm-spact, to lh"e-.. 1"'Iammer orf, .1h, f0t served., a.,nd 10-- taaain said records �n Rss ptzssssbm e of The construdiawl,tort of the Wall,e'r Ia" "CARfis hereir?camcpasmad,exmm V, service Hoes and argineeding, ifs.,ess4inWted twtbe D. 'The C N't agrae's tal aRmw Ilks DawaklpaOta hustall" at 1)0"St' e'xoensei. ;ait the" am m a YACe ,ime MR Wher asnitaqj is ad-dWan Jh slalBad, lil'iir •" ""bF, each, W.flt as�� somw1l, On., Ow attailged ElExhibMl' _ALL.; To"Ims esugrtatadl: of thtess 't'__Oftj: "Ill's CKV' agrees' vemd. the S'a'�,"d serp' hk'e "t"ne .r(, respecl't6 ill,kee:coilme.t of1ba Wil:ssitvgdj and" . 'teallaiimwl sa"idmoa.Tds,�nn �ls �p,,,Pma -rZ55k,,n, E., flw,.- cia'st O'l sani'kalry Rk'ts.' -kio b, "RnaWW' 'd i , I -. DOW- Of. PROJEECT NAME: PACE-ALSBURY WLLAgm-'�� F Prior Im aRovianc , e of U-e cansfiru-c-1.1an ciontraal by Developer, the Devetapar agrees to provide, acceptaN✓ financial guarantee.-to the city for 10.0 percent 017 'he constructon of the cons Amicfion costs along v6th payment of arkyr Ordl-nanice c--sts, and fees. fhat are, appl-loable- Prior to the award of Ilia construct-Tum, wtract by fka Obf or the comrroan- cing of a:nyv.*O, by lbe City ar Pars 1 ntra.clors, the Dvva�w GO, par agreA8z tialpay. to the Cfty: (11 (a), Ogee Hundred percan"t (11001","'S) 01'One. Nveibpafs cast of ah Mmtar arld san' -r 6!dlt . tPAINni khe davvsp�apment, emduMve- of fa and servka coslis, Isizat.1 t1a umater and samftam,:, ss-,avvar se-Nice j'#):'0m'oe hilm!"Wmall pemmerd- of' fth es ruhou.-ak-py'afs rxlstt of 211 apt 1011 , o F t' pra;-a",ch vmtw arld. S-An"'ry sevier fa.. Hilles- aiga ft ' U - the. dei bpmemift, sized to prvfidle waliteir and sanell;aq sea-wer service ta :01-ve- (r,�)Oaa hund- fed (1,0 56 aof!' "had, D �ppees 00sl olf" aoy 84ndha;s, �jn srme' Fgimr and 124,,mches. in, s ftLr n'ez hurt-d"fed pe-mant (IMA) af ft5� JM:�,ve�,Fopeirss, -causa. of, any 'appra-8,61,� S'ank"ar lei 'Y semnar nms�mi 11, ten, W%;)lk df"Oh'a ty-'Aa I, C&ter& of L I�jeal'elr Old the fl . . 'by. ciil af"le eq; 'al 4"'nes" a4s"fim ad rundw 1�-s anid, S-D abovm'' 4n of O."he ca I'vIwo 11. F0,d"'Amw Ath ( r de., A F'e*N—Ualt'to NVO) 09"Oveli.tD vekapper"s (oos;-A s3ellwfe oot`flhta' rmasl' "Imp'll serim "e' v t'llh'a't""fly"av nimdl*t"'hie t PROJEC N PR .. ACE-LSBURY 'VILLAGE Estimalled r 'r+ i B! , Developer EsiinneLe Total i Cost vo 1y' v ast cost Appreach 0,00 y a Y9�' �tT fia :..;..w..a.,...,a<,ww..a.«�r«..+—r+.:..�. �:�:..,v,.x..�..,..u�.w..,»..,»a..,.. „w..:.,....,....,....,...,..........�:x.:.: :�+..` DArfL .a»..uw.0 .w+.�www.w+ .. wwim...•�•«.+c• '.vwm�.+wwaa4w.A�w�.t.•...•,.._:,..: 9� �i 'Ww a ty li z J l �'''.,'"'k4 t 4 tt��� r i '✓!! .�'} �� 1 � ��y+Zk���3,� �� .a-u u..ui a nw ✓.wsn uiaA...xNai.arra{ Wxwawn�?�it xa Wut,w.Ytr.4.:w:.i, ��� jilt v s 1 Al.M+B Ma "IS axe r ..wxw,. ...•:.a w.u..u.w.x..a.,:....-...,�.w.a.wu.,, w..waw.::.>u,e..�:�.,,,��.,,aw-,x, .w.u+:a::,al,-�uu,.,,.- •-.+..,�-s.-d. �P 94, i Elf". v, k w v r: ''x'jr[ yyr4 L'C 14�tJ�3 ydf�''�r.i�9j /.r�ty'ti$,�t,!�yXl'4yj wH�•'e�f,�,F'a�iart�' �� '.� II F s: PROJECT NAME. CEAL BUR VILLAGE Ft. The. above. charges do not incJude any frant foot a ages for connection to ex'sfing or pr:~oI aosed water a d(dr, saini,ari sewer irnain,s conaszructed or to be canstructed ,under the provisions of the. "'APPROACH 10AIN -OPMON" NAIMA N f ri--AkULME dopled in Sept r, 1992. he's ;ddit kon a h r. ;r as fall n,�' : i -0•i*$ xtir:{ryl Jrig� �1�f'�.F'l V.!�zT" yYL'.�j�w i .. ' Ifi io- t S} ApplitsUrk L.FAA Name I k�yy��'�' yylS�� y,�h�,71�u(59G d(�1��(I�itK��ryNd �,1y��.4ry�{. h71.�•',f4�'+p!.r�:R�klr�FW �+tw7�lp�+�f luy+�+J"i4 k3i 1�1�'aNa'7 i�91fir�]7,i r���x�,��y�� K+yEy4�f� g y� yam,a .,Aces'%V'9 flll,d � d$G'u3 � Y1�w'.31 as +piJ{Ga,rt of 4;a"�"e-',5Lh'44'Y'"if- azt Trf,'s iA:�ltl"",t�E�t''�trq of-om'a.7. 'k '?J� boxes ������ �j�.�y�y, �r p ,�y L� �,�},�y ,�9 ;� ,�j4 L� � y, �i..(.-U;n644i s a S�'8'i�F+ir a r.5 ii���Y+�t�.t'4:i++aia li ra f"u�Y (+N#1i91r4r!1Irs t�,i" .5��i�i�,'u�"tk�.K�( �„ �R of WN reta A"T e cIf,a ea,P'tf�d 4�iflde- '�#`mpwk can h-,'jfr wall '" 135. pw" ', n,aire''1 DiIT x tit a �3u 0DIw04 -r't be al 'a ch '4"g';s -o not ampill,v ilir etWi i sl Via'in box ilreil ,f. J,' 10.01,1 ii? ' Umnf frf mimp'll"afi,�"'',ti of ri w db€C l fte.3`eft-'�rvmv kall fk''rs+'? 1-as� f, �". 1 "�? k` �1C r i " �t?� I m � r `w � •"t;, ?'a pmvt f alts f*;, kfivmen f r C*Yv p�a lh City i { v�'.�e ii,l�Iy'pax'�e I� rtt�'����,it �°. teevg.M t F � a. Ef � , �,\ t1J I• ,U. j r; 1,$;? t"�.IY ..a. v�.±5!il'S�!1��iY 4.I�F3 G�t'si'{�I+a .'i.hil' VFH' �E;��ft,. a�'U. a's ,J the rwren F'orl Vflarth Glty Coat, payrierv! to be calculated as Ain I- G, above based on acct, vai quart tiess cas i efflede in fine fanal es,ffimata paid- to the Contractor by the Developer 4and ovA hla actuM, r'ccods of wst, ;kept. by the City sm a pairt of fts my to �inj prove uv es, Wt the event the ! { ft! e3ence in che d'''po aft and the �r'�.cSu >> cost-, exce.a'':s $25P, Deve-JLeo-" t i agrees toff a-v to the (:'Ay and unide ayr nt u Ah,.-J h Said, 4 dr-tca e :a being due, and then lees. to paar7 to ave�o ar any overpayment. K�aa++ 'Wark hereunder sh all bia c`t in 3e f '. d' }:r wto ( 1 1'eam, gn date, he' ,uf, and at is any Oil lthe,pads cAt lbtip("NN to make: lry � 9 YAP` 'c4 {�� I ! 1 � R t" i "" r r"d � {�r rft.:.'.tff1t!H`C:�s a t�tluh ���ajr� l�� � -oza te-I a"'no.i.u� s,'nMary �'evva:z upoi , the euxp,`��t cis O�;�,',)"wo ( ) Sena ���, da,4 r a�TLLi�f,„ ���ey t �'�� i.nds re-fund's,lfimy. fE,�APutt l: fxw��'.�t yak'f:uX�pila"r r�zwJt�'I•.t��}9�'yS#vrv.���irl,�je�M1r'+y,,-oi d�.,,wnhtwl�!���pi e'�.."�'b�� ult�y�ynnairnsl;i vi�'G��ylich, 8'4i-,�und',7,'' �;`:�t,��?. con,�;���i t1u `�,� IF.N�ie 7{Iiitir�F�Ee i1;4;Ga� a Ip.�.�xF31k '�ii1 ��G�,•3 Ilan (��'0 ���"Gmlm pied byr the Director, fpi ttay�u�,,r.,(�ee lha 7{W�l on �(•'l�Cr '"�� �i 9 G �3. n y�ry,p�:b .d uro t( try �/y a ,�y,,5�" 1;� licL++"',.,7F (d8:,�'L"kKf �i�b'vYF A��It�t law iwr.�r.. d {µ�' ICK..Va(���'xf+fl:!�w1 M1.L�'U. .kF!'f'w'�rii"iit'1{fut� 'er F '. hua beein th,-e fi3 a�g) 'i t�"fi w ra-'ay x`+r to fig ad Iliiemat It, ysar , fcir a clMaefi rl 04 Son-1 h1l; Utfa, w atwai r 'ndftr?saol'agy seimevr f rY s wo,,wk ts, .fit's ' Old`- '%ear peribd, (P41t, ma's' at fib;- ���`��f.3 i�:. ',, mmtht Sur,h,'*, tY7J`"If6 t vdappe"'� ri y.�� ,i M � ZK q 5lt `5. , e�d and � i ' , � y �',».,C!ad t�. t Wt'f a ����d ii; i aIwwr AND S:TE3 taw 4 '£Te'tAIn .TiMF"�#'2 r s! Davelopker acknamledges that be has lG:;t_`4iGi(4/1i....e7Lt''i '..,;',`...h A"`L^l? VP 4.100 100 I �P: '...o&. Unan.i..r• 7214 I,±F �z,.s1�:���^ L:(�,'�::'i.,a.'Sr;�n. �-�p�'`+ City Y„"„+;1:^ responsibili- ties 1 t„,,:4t i3"Ir �,. �, ,..�; c. u•...].1L:�% .a. ,3:riaV f(Cb-L 3"?i', in preliminary, plans and ,G;cost Sr pl.ted t t ,' i � � O f this Contract and "at•ther ataee: that 4e. will C-eimjeld ' ua.`C.',h wh, SubQv:L.n.Zon Ordinance, cl-t-j4' on R�u'rar" 7 I7J. 3L 1' .Gli `r and �' :�:li.:•J'�.�.rY�n� c�+s"" h.-'"'u�li'i5;{23iia7�w",�'r FCa47:iy„itl},e. mud all, ap pli <vbW policies, u.'lltins,r. ) eF't7,llflbrat?t,ci n cQ.&Ud al k-h City F 2. The 1�",":lr:i},�.a aiL'A; r.S;d:`�',l`�.?;'�. to { /'a r , r � � 1 .u... d rSXiu',.r�C`.1�)d, CC c,+'�7t .t�,� 4. l74��,'2� a't.LtS'f�za:JJ.,�'�i-.8 thW' }. '.x-��" � �arnx'4,"^b -ia. >e+7.D,th, �. 7S! a§U! ti E k 1 a�Y.rS� i ti i r,iva y z ,�,C`��.��i.r ..,,k� �`'+�"�✓ 1�t""Ii`� It R 2L ,� -i-r V.7t ,tt' d by,- n.h�: �a�I I vIaua+i ulh to Gsn :Flli udj Va` C7ti �� �V �0- :=t unSWc 1 3bd a's'f:` ar r.j -.^. '.ed r all c;: Lr..1irC�:. .1.?" t 'L«'L':, ''t ttit, t,,1k M,.l !e.L.iu,'. .?' f'•'u) S..('" w� L},.�,e bff.i i,' ,�+' s w �..-x r the >ti` .�,�xe .t'i'il�'4`y.. x'1(➢ )s t"151t" s.t.Crtf:etF•?., tar 't ha Developer 0111 !!"a: �(�?a�l?tt's,��.F#�SEC i�11i,7 zfb.r' the of relocating rh(tr? : Yf %rfltk"I t.bY nUWay WSJ'e, �� It•>., i �4LA> h.a:d�u,i a, list of all. w..5,:.11 7leytlt7lW XMIv+GT? OW d`fi 7_.tr Ct�C ll'N f j iilldb§ �1f 4 c$u'iYtl 4 z �ki? Y&T SS 7 iyy„a k( t -li CIF(� `v w i 4"'-r^t tnr4 w�,r"')tlCrtt 9 xt�iy 'kl.si<:.rz.a. �,,;��at�l .�:�:ix-tC°i.:� filtr:(w 1.�i: '�4.uA'C.' 1�f%`'�.�..0 u'P� .CZ,�",Jk.�?r�rrv.H,.:L.='ti'Liw_ i�'(i,`Y�'..st, �+�`�;��..,�`•) '�`u'.?��t?I�n ls7x,�';�y»Cn t:: a.:. CRY Vrd`a.,f.:!a. b 1i?tu rc°[�v,}:IL':��C'�! ��'�;t,.�i�. �.w'fr#r.T'i`.w�.fP4`� and g1't,hwTY.Ir".xma 4`71i?rn a a eL.jrl1 al to 100% *f ti , . azz v 4. F1 .( Jrtfi? Lr: aA".al 'r,L (')rTtk:t e1r?�'?'�'r�>: 1 r'l.x3c:lt,lr`I�Tilie`5'Star�'v' :7�ax'.Ffr''�r' tisl,t�i !I'11u� & r' h:L v � e3ktr t '+ 1Ww u 1�t fY ri yt X. r'J�/ t r a is a # fl %•G?Gy ��.�'��v't.v. ik4 .tii �»i,�YL'?Jl.r1r. �+M�S�1-Sil;f: �7!t"y.4ruC h[:.' L'};±??! (�o'i+y,�v ir.,.�.+tr:;;tr�:Srt�.:r!� r,�;��;�'�uw.Yt'krlht�S.�(k: tt i".a' #4,H 6`5�t S r '111:{ii In;L ro 't�✓tf i :lk- :ll Y;r.::x ti> `u R t 11 N k' 1. 7'hu�, ���t v%'zt!r<s14+tr�f�::� {°t,Y�}YtTlxf rtliJ ri'�a'� !i,t�3����75 ,E�.1�_FF. i�l �f3, '1 iI! r �•: F rY'1 t t f Y j +: unions th f 1 Prepare t}`tij�`',a :rU� 2 u t7)U�: mod;�, '[R_;L� tt ,'.', �F+i,Y r+ Y r 1.. ! a .Y )r ,'a"il r t rt �lr vw'D a'f'14�5+??l:a out .:[, Ati l7 e less than 01 0ry 10VAU �Y�. .�.�-'•�ISa�"��I�:f; !' f r �; %t t r�';172..4 3.:a. t y't r under der th b", P�ar]1 a 5� ."Yt� .11�lY:N1... `.�'.7,d.ti:rf'.. r 9 rtRjKif:2a 9�5 i1� l i inn, 1 + 7 u. �,t��.�..''�, 1+'�.nl;,��'.ds .. i�'?,�'nd at* 4.l:i:b j1f5m tl rl.f.:�.}�_rd y t.t�s. }t.1�' t°;:51tY1 CAY z7i„j .nn •r°yt< rlv6vVv t.lf7''i7' rr� f 'S Jt...N' �P. 4 i.;'dv„Tr r ;: N':YS a �:+4'�i dt,.'A a !t�''t rl. ri�61� l k s�i� 1` rr ill :'�'81.t''S ,•Yh .1..Y Y".,0.V',` 1 4', t,I rl�F ite said plans are approved as w tst ss .C: by, the siggra-,-.Ur'"es of i''t.£ city ,r Eng3'T,`de^'e and rT' the .�'r.E Tt:S+'ty Director r Oc that Water .:epaxtzl1'°b';tL,, the �tr. Engineer n'eer shall provide t he City nme . . g 1 set a "2?rL Cc7blet approved bla.-;Sp platted and spB ^Lf iatAuSs and nineteen GJ?'R^ tWf the plans, and f S d' cze.ts of the ions it sp ?.f T1.'d"«rr'1-Vii;, and lz w rf,on—.trao r;-rc.kaCdsents (uo"r.Gr q4J :u,7e'„r,':+«T`ufied, 2 executed •ccE'dd .2 c1=Dnfor..raed seta setal. Additional sets of plans s a d oa^ sspe is,c. ca L iL9Ti s MY Y be r, t, regc9:L"'E?.d for u 'i'e 4�r���ay r»k.:r� k;. apuS'iks.'t.C" EGrC'<�c�7,�,. u3ter'r'.'_➢3dT.P':g on the '... he a4apt-,Iippeirr. aqr"G`y''.V�g is i,^,;4'Idit*,f�ilsr��r••t,r�tr the S.v(u�t.�'�:ti`-Y"FkT:Ilvr,"!��:.r-1.' „"o'`r°sI:`edf by this agreement K'1'vl`.,,:il:i n 90 walwdyr 'Jt.alys e°fftt :;Ir• 1vavr'lr-4it.,,, )t,,--'!cCu S101 in writing, t�it't with Director f ��.��a�I!!`.spai<. .w y .r:; " Marko. his ;Q' mss. � <.� 7�saz.k.'3.•aa ioi�U� �'+[,fl�'r�'u:4e �r�' :+.,�:a V., .,...... �1'.4`I;.G:�"--J.,',CZj':'E�,'�,�r� t,utdari- u..1}Ae ,p"s'"''e,'.' r�!7i.iYD��!fi' 'kd(.8i.11 inlru.l.ae 4-° tlize ot al.ii :�t(�7.w...,'Ss'tt't'67f1v?"�i?w.ft.: `r'"`� (.°ozift:z.Y liA'7".1.`•.':b cow7rai srw.hk?!;L uz l:t, iEtt`x-C ept; fk:t�.rY: � tb=1''.;4S'o mr':6`rpX4o!^t+Y-ents W.fi-N a".;he Transportation,'1. n, 3.K iCkubl'. iY` i + uire}ot ux, de-Ins n uY-0, t cl ad ,ftlyt T'1UR pt."xpit'r Vnd d;�41.. '0 1t � '�:.utix..x- ax.raa , �.>n ".wi iL" a;�{wfnt �Zr+ya�a�U1'+�iL 2.,aki:lls $:/b a,"'W" y, any ItiC�G:YL. e in a?d.-&.r.Vu.`M.slays VAt.14.it'»hin W u`ti0^*day par Lad, L`.t ra7 bi,r S ct AlL y:17.-r 9.`Lvrc,t tht!i Oi t-. t� the J"'i,+;tht b'o wirlq",tt jd al for il..t$s? A quest,:a?i,"c n and q i % jCtJsw;.:v hu;kt" 'i;iT:a7 tit) ').;;,.. l ::'ildCilu: lV�t e w% LWAd <<f 1L.he. fG71J111;:i;<:seiio'lly;. ?AIL y>3Sw"4`C Io tinsf th& t C':If bid. li�ti Vile m&-o- tt op 4S S that & 1 �+ r:.,-•nr a,. u. m" {d�';�4X:�W.tltktt'=�i�`�c..lW+�.'`wr �Eff� r+.tj1 ��' trt�'t���Q'i� � 4..(id W✓'C'`. tail ,.: .. .,v' 1x _w T ptl W IM1i.. �a�.:c,d`�s�,3lP�r�{J�'C.0 ~#t.�;.,D.,V� �aL: F�.t�P�t&7.53',td,�> iri':7 rt.�al��(�ir".�iG:a_f:`F'xtt :tr..,l4tuc �ed�rTg.°n1iV..r.:r:ut1. U'as' t!.h'1,d t,..:t".t~:f`'� �'•� . `tU,�`+;�.yc,GY�'_r C'�.t vsch"1�i Ytft�s�t�.dl,'a�:"r' :d,"i.�C '!,'.P�1",Lt�'«�t3i.'„c"L.,'t�',�'' ijftLM".•�4;ti ik�lat.�i�u: �Sii'� urii',d'�'?.�:J.aL.",14 .tt::°JY F1rlI7"r:,r` ,.; �I t , .0 _v"'. Lti Y, iw '. ,, .y, (!: a:Jr,xs:t„�lr�t;,[1: +i'i1 r�r:�% :x,3A ,k�� �i LYd>r".,~�I�;.,��; .�.L:�,�(}lia�":` J$�. �Xrirr�t. �a. T.112ii S,. � .iLA*,. ,d r q��..ta 6G#.U.1 rlat4 •�`.,'4c.>.tyll ;{`rMW apr'?•"erlt2il of Who CITY SYF.iw3l7a.t"leert or IF"t.3 s rykr`ripivt,pe.– shall. Wagin prior .- .. . n 'Of, I�e.Y L?d:t3' trN:'t}.Y"i.r yTt 100 of U4y nq.�ie'l vt'��t4,-.G'_.`le...a:pl`t{"r�.'St.�l;"�2`'eryry �t1��d )tl t,.i:t,�//:w�ai"F'�3ru:> )k:.'n1! :`Fx"��.d.,.?�i.�'.+.�{it"JLtN�I•L,'.'. WOl.1�w'i.'.�12 `a+;�;lu".'Hi.Lk!'L7.1�4'r > ; `~t,� MU`.f(tl �dla�`✓ =t G f l" G s ri,;�f Ir_t '•AlrClyd ld Cn�d h`G1 the e !(ili t y S«. t 7r• u,;�, ,r i r ,F' f± r".� � c7 �" ,t f k . i-�Lcd4U+..� L!�r'rt. (ah1i.`�,-"�.a a�k'�r<1d',:iKidd.�• �..tr rr.„!~u+Zi3Y..`,•r?.a.s'l'dt7}t�;'4sr "v�.,w�,'.',.i. rc..)+Ikf:�`r't,i ,:v.'x 1fgx�!k.re'..ifz'i!f;Y€sre�r�%<!f`C,.tr F of Chia' agiPtCrmnaYrt4,t O.t1o�c" ti tiaj I U we t.a?r T U]I.k .A.tl'il It+f+CC: 4�ry+F71 Yi the v� ,_`tw' .tt is tal T Y?/ w. .Zt,TI {G e ffU tx{' th-.E tlrfi' Ft?a�f 1r9:1' �4 1t ti� � a��k 7�, t 1, t !,_Yr`+C2�ltp,+'YJEi�"' � iu9,!)?f'dw''~J}t.ldikfir Yt'14Z�r a,,�t Yirr 1''7 ,:trr"51P'L9, u"I rte c •fi;tt�rw. ��•,�� ,, t ,,a aY^Je't((_(;8!'9�'It=, 6 i;}tt.0 l�,.ilFd la.ffl, , but,t, ki,'1{� Ong4 ,?'.fie*v yC z7i firm`J,. tw.d:?rGf,,}Y t.t �n t� ry n t,�„rt R h"t+ta:�t!� u�{f'l:,.k' �q+�4. .. .,1-fl'�..it 'F..- 1 f{�.a:¢LY'w ill:d11Aal. � .:a 1..4.... �c 4 contractual i ���1`td3 L�Ktu`�.C' si`z�•,�, t�l. �.u:��..kti�'. ( t...tr...If'a'�1>~ri,'r,Tt v:7e .�'.�<%di,.:,?^2i'r�.,,.,. .fsi ,u.:�)..,� �..bu,l f�'A�..`".u.�i:�i:;•.V:,.!L;,.F.,.. i i ':'bi`;. .'..mr. y'y'bL,�Yi Cr ;l2;7i�•, ;`.,rh.ct: Ic)!,'tpj(�';.:rc:1 t����t �' .�.°�ik'r.,:fert:Y>S !.al w:f.=, .1,.ldriil4 rYFli.u::.L.r�4.6:.�i.;. :�.117tf�� ','w{}Nr?V�.`.'.'.'� 1�.s�Gt�, r I ty1.4:atr�N r'f «..�,.�1)( r� .fl� T1 : � o- 1ti r , L � t� w 1 i 'tl Y,r.JjI�y(+c,r :w i }}tE raFk � . Tvt'R"u(rL4::' < .M Q< w aw i. i rSv.y.iP,r K. kE�.IhS n;."4' _wi ai )V-4 It9 p b �' rr kd: Y e 1 >C I�7w,+�i ��`yy,y� y��itr� �s �1y��`� 4 4+ E p7 tf� C �It I I C�.�.f�'�3�1>•4,Y't: r�• H` �i>A..,t'1�r.�+Wt��,::; 1K,�1' VI °i1 7`•ra��y� tSF,.',:. .�t"Y� N �. In the eyeAs the Developwr desUee _:jty participation and, icdllo---'�.� the procedure as set fartL in Section IV and V of Lie PalQW-F—Or—The a 0 M 's MMUI QY Install ioa—f.- ties, the City participatioln in tr-�- --,osts shall he as shawn in Section, IStre-et and Soction. W-C (storm Drainage, rrnnzprovezaents) nr. t-his aqreemweeat- In no evant shall the City ,, t'r.a Liable tto the Dp'?911D�qer far any, payments ta excess of the City"s estimated participatiOn unlss,s amd orth! there is separate and formal approwal !by thia C-iti, �C'Mlnlcil t,--,) Upon campletion M, .00ae facilities, it -'s awl anderstow-:1 .to that the Developer% estimated paMaLpa •ion in the vasts at may be PEI i.nd' In this 'U'a.-n!tract, be a2d 'v?s .lei dd to aq'''IiAal Ith'a. costs, wcApt tiat *t1tarie be "O.."alig"ated to 4'7'x4ke &".r.y 121 A all. fai-='411i.tLes re"'It &..�.Lrad under all he, sat-Larfoct too O"It City, No RM o than $25.80 W11 W MOMM. in thO event the diffOrenCe. Lim th,�� di,F-,qyzv.--,)it and actoal most amcowds SMS.00, the MKOPOr agce&�t� to PAY, to the OMY any, a'.Vid tht'' amyyrees Itt. eflajilzird f &VP'F' Crn'51<t tM the U The MY M1011. rionj, --for thP- of.' for streets aAd Maza dwaing (sne. 89glasMira wilthiout V harqji' vali aill Ila T!"hiLi 55✓ and. qtadti C[`1'" the: d-t tho O."Ity, rzewae n"'-ez! 1-".1?7i a rl—t""it t,'j- f**ir'w'ts. ttlhiuiEt. hiirodl to tt, to) tl•"v? av,- ,ON t vatting of Une i4nd g"t'!a'da- ut'y�' i�A U1 tho developer, thil, tot Ml'-w 4z �i1 MON. man work 0011 Wgin watil MW anwigaot IMOMMUC W§' ho Q P4 his w4giwer, sn"Anyve, swif agawtv'. rr�far. t-Jiop, ts-""') b�j� Lon of sacs MOSIOMOULty and Atability hM' :titi F. ,tl the domigns weawd. zq' -f�KAI ut tha 1;k� ittqj thlb, M*4t of tat partAr Whl!'440;! 'Xqp an li Oe y y .rl IRE r;1.ty 'vog"- coast rest bw'q.- ct. -Iite.,?,"It,-rff,,'a;)l.,.,..t:,ca',,j- '.1LItAi, hela'Autt %."N@ Y+: which may arise out of any defect. deficiencr Or negligence of tk- engi.neez�'s desLqnv�, amad specifications Wcarpo.rated into, any impror,rements constructed in accordance thereNith, and ths •eve2cpe.Z7 shall defersd at his Qw-n- expense ar.�y RS rouxght agaLn--vt the C"ia y. awnd' its and ar. :an!"" o", t.'hemn on. to pay a.11 and satisfy all jU&P.Mts shich n-ja,1 re-i Or.- rez, against them or any of them in cannection therewith. 14. Th!a developer agree-t; to 4�' istr xct Street Ub#&'a ats i ri section III of the agreement M the Oame We as St,rOetS We %22 M-E,'I JIM,' 2 9L —.91-PEL L tJr a, Swavat. sit mrants, a-nd estabilshed in the approVtd plans. NO fll'k he Y iv 'pkala'�O-i nalwas a of sort Vowth Idspattor 0.4 �yre'vtmtt aoflit Cho Watallation. Require adwy cantraccor %AMA 4':.t.11 be, an!'e ai2�x"tz-hViltz"k within any future P011 • services vWx1on", kwaz#(t,r� ao"y Ki wwWwrek tfa;- '4,e: 14,1 01*01-e tr Satisfattlon add approval. of the Wr vnjiAwye or his wpowaQw. w4k.lth! hht'-): qy• K mustruct all wilitiot, wi�;efii vh-mp "ALt ell. an'd V thlz4 all Wwwta Le of davalopmank tmr Director m"' ano VW11% moths, Construct, at US CM, nt' TFIAZ ENNCE - A �Sv'PRA,'!Vi" WTI '�wkd;"i' t - and the property lines to elevations required by the City Engineer. j . Grade all 20, x 20' and 15' x 15, opej, space Easements down to a height of not more than twenty-four (24) inches above the top of curb. k. Construct, at its own expense, curb, gutter, and approved paving as depicted on Exhibit "B": 2. Cost Distribution; a. The City shall bear all of the excess cost of street improve- ments for widths greater than: Forty (40) feet adjacent to property zoned single family and/or duplex residential. Fifty-two (52) feet adjacent to property zoned other than single family and/or duplex residential. b. If the developer constructs a wider street than requested by the City, there shall be no City participation for the cost of the extra width. However, in the event a street wider than forty (40) feet adjacent to single family and duplex residential or fifty-two (52) feet Adjacent to zoning other than single family or duplex residential is constructed at the City's request., the city will make the following reimbi;ixsement to the developer upon completion of the entire length of street included in this community Facilities Agreement, (1) The reimbursement shall. be for the cost of the road widi.h in excess of forty feet adjacent to residential (single faTaily or duplex) zoning and fifty-two feet adjacent to zoning other than single family or duplexes. (2) The reimbursement due to Item (1) abat.le. shall be based on unit prices actually paid by the Developer and approved by the Transportation and Public Works Director, except that the reimbursement for earthwork shall be established. annually based on then current costs of doing this type of work, as determined by the City. c- on streets abutting City park property, the City will pay tL,- cost of one-half of the curb, gutter, paving (incJLuding any base stabilization) , and related earthwork adjacent to the park. d. All. Railroad Crossings shall be of type "Rubber RailroaJl Crossing" without exception. The City's particiPati0r•- in rail road crossings shall be in accordance with this Section. Furthermore, if it is necessary for the City to condemn Railroad property, the developer sh-all reimburse the City the entire cost of the condemnation process including attorney fees plus any other costs associated with the rigint-of-waY and or easement acquisition. UONTRACT FOR: PAICCE - ALSBUIRY VILLAGE, LOTS 1-4, BLOCK 1 111-5 e. City shall pay engineering costs in the amount of six 'percent (6%) of the actual cost of the City's share of construction as defined above upon Completion and acceptance of the street facilities. However for preparation of community Facilities Agreements, the City shall use six percent (6%) of the estimated cost of izs share of construction as defined for designed above engineering. f. The Developer shall pay a construction inspection and materials testing fee in the amount of two percent (2%) of the developer's share of the street- construction cost as defined above. The two percent (2%) amount shall be included with the submittal by the developer of the performance and payment bonds, or cash together with the signed community facilities agreement to the Deve1op- ment. Coordinator. For the preparation a I of as community facili�e' ios agreement, two percent (2%) of the estimated Cost of the Developer's share of the street construction as defined above for the construction Inspection and materials testing fee shall be used.. At the time when bids are submitted and: prior to the work order being issued, the Developer shall submit. the amount in cash representing two percent (A), of the Developer's share of the street construction cost.. This amount may be adjusted by the Developer or the City, upon writ-ten request, to conform to the :actual. construction cost upon completion and acceptance of the street facilities, provided the difference is greater than twe6ty-five dollars ($25.00) . 3. The following special cost distribution conditions; shall be in lieu of, shall supersede and sha-11 prevail over any of the standard cost. distribution provisions which may be in conflict herewith. None. 4. Estimate of Construction Cost Item Unit Developer City* Total Quantity Price -- Cost Cost Cost 40' Wide Roadway 691 L.F. $126 $87,066 $_O_ $87,066 7" Reinf. Conc. 6" Lime Stab. Subgrade Sub-Total $ 87,066 $_O_ $ 87,06.6 10% Contingencies 8,7-07 -0- 8..= Total $ 95,773 $-0- $ 95,773 *City's participation duc- oroposed park site is -0- C. STORM DRAINAGE IMPROVEMENTS: 1. Based upon preliminary engineering design, the storm drainage facilities listed below are required. It is understood that actual sizes, quantities, and costs may vary after detailed engineering is accomplished, and bid6 are taken. Description of Work to be Done: The Developer agrees to install or have installed, the storm drain system for this project as shown on Exhibit "B-l", attached hereto, in compliance with all applicable city of Fort Worth Rules' and Regulations and Construction Standards. Furthermore, the Developer also agrees: a. to construct all storm drainage facilities and appurtenances to the line and grade established in the final plans. b. to provide sufficient drainage easements for all storm drainage facilities outside a publio right-of-way. Drainage easements shall be provided along the entire length of the system to Include an outfall condition which is acceptable to the City Engineer. A detention pond may be provided in lieu of an adequate outfall with approval by the City Engineer. Drainage easements along a required outfall channel or ditch shall be provided until the flowl1ne "day lights" on natural grade. The minimum grade allowed on an outfall channel or ditch will be 0.2 foot per 100 feet. Drainage easements will generally extend at least twenty-five (25) feet past an outfall headwall to provide an area for maintenance operations. C. to provide a drainage system which is fully functional and readily maintainable. d. to provide for storm flow resulting from a one hundred (100) year frequency storm in accordance with City drainage design criteria. Such flow once contained in a public drainage easement and/or right-of-way shall continue to be retained with public easements or rights-of-way, unless approved by the City Engi-neer under a strictly controlled set of criteria. Over-flow swales intended to convey "public" storm flow shall be contained in a drainage easement, included in the design plan, and constructed in conjunction with the storm drainage improvements. el that the storm drain system will be designed to ultimate land use. If stage construction is used, temporary offsite measures can be utilized as development proceeds but must be approved by the City Engineer. These temporary offsite measures must be brought into conformance with ultimate design standards as development proceeds. CONTRACT FOR: PACE - ALSBURY VILLAGE, LOTS 1-4, BLOCK 1 11-8 2. Cost Distribution; a. The City shall not pay any amount in the cost of storm drainage facilities consisting of pipe 60-inches or less in diameter, including the cost of any trench and/or channel excavation, manholes, inlets, lead lines, headwalls and/or any other items to complete the system. b. Where pipe larger than 60 inches is used, the City shall pay twenty-five percent (25%) of the difference in construction cost between a sixty inch pipe and any larger pipe size. There will be no City participation in the cost of any trench arid/or channel excavation, manholes, inlets, lead lines, headwalls, and/or any other items to complete the system. C. Where a lined channel is constructed, the City's participation shall be as follows: (1 ) Twenty-five percent (25%) of the cost of concrete lining in place provided the bottom of the channel is lined with concrete or consists of natural solid rock. (2) Twenty-five percent (25%) of the cost of gabion lining provided that the channel bottom is lined either with concrete or gabion; and/or ti:o bottom of the channel consists of natural solid rock,, (3) There shall be no City participation in the cost of any trench excavation, right-of-way, inlets, manholes, guard rail, rip-rap, seeding, sodding and/or any other appurte- nances necessary to complete the drainage facilities. d. Where a bridge or culvert is constructed, the City's participa- tion shall be as follows: (1) For systems smaller than or equal to a pipe size of sixty (60) inches in diameter, area-wise, there shall be no City participation. (2) Where the system is larger than a pipe of sixty (60-11) inches in diameter or is of some otner shape with a cross sectional area of more than 19.6 square feet, the City shall base its share of the cost on the water shed area. to be drained and will calculate its share according to the table below for any bridge and/or culvert for a street crossing up to a roadway width of: Forty (40) feet adjacent to single family or duplex residential zoning and use. Fifty-two (52) feet adjacent to any other zoning and/or use. CONTRACT FOR: PACE - ALSBURY VILLAGE, LOTS 1-4, BLOCK 1 11-9 Watershed Area City's Participation (Acres) (% of Cost) up to - 1,000 25 1,001 - 1,500 30 1, 501 - 2,000 35 2,001 - 2,500 40 2,501 - 3,000 45 3,001 - 3,600 50 3,601 - 4,200 55 4,201 - 4,800 60 4,801 - 5,400 65 5,401 - 6,100 70 6, 101 - 6,800 75 6,801 - 7,500 80 7, 501 - 8,300 85 8,301 - 9,100 90 9,101 - 10,000 95 Over 10,000 100 (3) Except as provided in Item 7. , Page II-11, the City shall also pay one hundred percent (100%) of the cost of con- . structing the extra width of a bridge or culvert neces- sary for roadways in excess of: • Forty (40) feet adjacent to single family and/or duplex residential zoning and use. • Fifty-two (52) feet adjacent to any other zoning and use. (4) There shall be no City participation in the cost of parkway improvements, including pedestrian ways, guard- •rails, etc. (5) Developers shall submit cost estimates for both a bridge and culvert and City cost participation shall be limited to the lowest City cost estimate based on the standard cost distribution listed above. The City Council reserves the right to evaluate the overall economic benefits to the City in all cases where its participation in a bridge or culvert exceeds forty percent (40%) . The Director of Transportation and Public Works shall submit an economic evaluation and recommenda- tion to the Council in such cases. (6) If the City requires a roadway width greater than those described above, one hundred percent (100%) of the additional cost of the drainage facility necessary for that excess width will be paid by the City of Fort Worth. CONTRACT FOR: PACE - ALSBURY VILLAGE, LOTS 1-4, 1$I_,,OCK 1 11-la (7) If the developer desires a roadway wider than determined necessary by the Director of Transportation and Public Works, then there shall be City participation for the additional cost of the drainage facility necessary for the excess width. (8) Bids and estimates for the construction of bridges and culverts shall be prepared on a unit cost basis for the I length of the basic structure (width of the street) with all appurtenances such as guard rail, wingwalls, etc. , being separate bid items, so that the cost distribution due to oversize structures can be readily determined. e. The City will consider the level of service being required and City participation in extra cost of storm drainage facilities where the level of service is increased due to collector or i thoroughfare street requirements. f. Storm flow shall not be diverted from its natural drainage course to a border stA•.eet unless approved by the City Engineer. Where storm flow is diverted, in the opinion of City Engineer there shall be no City participation for the additional cost of constructing and/or oversizing any drainage facility or appurtenance required to handle such diverted storm flow and the City's participation shall stay the same as if the diversion dial not occur. g. The City shall pay engineering costs in the amount of six percent (6%) of the actual cost of the City's share of construc- tion as defined above upon completion and acceptance of the storm drain facilities. However, for preparation of Community Facilities Agreements, the City shall use six percent (6%) of the estimated cost of its share of construction as defined above for design engineering. h. The City shall assume its share of the cost - ` the storm drain improvements and the engineering fee only if x:a • is are available for such participation. In the event tha;:, no funds are available for City participation, the developer shall award the contract and deposit with the City cash, or performance and payment bonds for 100 percent of the estimated total construc- tion cost of the improvements (plus ten percent (10%) for engineering and miscellaneous costs if the City prepares the plans) . i. The Developer shall pay a construction inspection and materials testing fee in the amount of two percent (2%) of the developer's share of the storm drainage construction cost as defined above. The two percent (2'%) amount shall be included with the submittal by the developer of the performance and payment bonds, or cash together with the signed community facilities agreement to the Development Coordinator. For the preparation of a community CONTRACT FOR: PACE - AL.SBIJRY VILLAGE, LOTS 1'4, BLOCK I . . . . .. . . . . . . . . . ... . . ... . . . . . . . . . . . . . . .. . . . . . .. . ... . . . . . . . . . . . . . . . .2 , I ; ! � . « fac£1£tie's agreement, two percent (2%) of the esti ate cost of + the Developer's share of the storm drainage construction as defined above for the construction inspection and materials testing fee shall be used. At the time when bias are submitted and Prior to the work order being issued, the Developer shall submit the amount in cash representing two Percent (2%) of the \ Developer's share of the storm drainage construction cost, This ' amount may be adjusted by t! a Developer or the city, upon / % written request, to conform to the actual construction cost upon \ completion and acceptance of the storm drainage facilities, provided the difference is greater than twenty-five dollars \ � ($25,00) . j, The following special cost distribution conditions shall be in lieu o£, shall supersede and shall Prevail over any of the \ standard cost distribution provisions which may be in conflict ` � herewith, < §ƒ »\ None: \y \\ \y �. �\ . \ : . �\ . �\ \� r \� N\ �) 1. � �\ �\ �\ �, � U � COG ACT FOR: f&C£ . ALS«URY VILLAGE, LOTS 1-, BLOCK I I 3. Estimate of Construction Cost Unit Developer City* Total Item Quantity uantit Price Cost cost Coast Compacted Fill 2,656 C.Y. $ 5.00 $ 13,280 $ -0- $13,280 30" 20,500 CL. III RCP 410 L.F. 50.00 20,500 -0- ' 4' Sq. Std. Manhole 1 Ea. 1,975.00 1,975 -0- 1,975 Std. 10' Curb Inlet 1 E`. 2,200.00 2,200 -0- 2,200 Type "B" 30" Conc. Headwall 1 Ea. 2,000.00 2,000 -0- 2,000 Rock Rip Rap Erosion Control 25 S.Y. 30.00 750 -0- 750 Unclassfied Channel Excay. 2,700 C.Y. 5.00 13,500 -0- 11,500 I 00 8' Hydromulch 2,600 S.Y. 3.00 7,800 -0- 7, I I Sub-Total $62,005 $-.0- $IEr`2005. 10% Contingencies 6,20 6_j,203: Total $68,206 $-0- *City's participation due to proposed park site is $ -0- CONTRACT FOR: PACE - ALSBURY VILLAGE, LOTS 1-4, BLOCK 1 II-1.3 {Ili: I D, SUMMARY OP COST: Developer City Total Street Improvements ?i Construction Sy 95,773 $ -0- , __ 95,773 j Design (0% of Construction Cost) $ -0- $ =0- Construction Engineering and Administration (995% of Construction Cost) $ 11915•' $ 71183 - $ 9,.098 Storm Drain Improvements Construction $ 98,206 $ -0- $. 68,206 Design ( 0% of Construction Cost) $ -0-.. construction Engineering and #� Administration ( 10 % of Construction Cost) $ 1 364 $ 5,457 a 6,821 1 Street Light Improvements (III) C $ 6000 5 -0- Construction Design (10% of .� Construction Cost) $ 600 $ -0- S 600 Street Name Sign Improvements (IV) 80: Construction $ 80 $ -0- 3 �i TOTALS (THIS PROJECT) $ 173,93.8 ,$ 12,640 _ $ 18`6,578 tt, s=. *The sum of $ 173,938 to be deposited by the Developer prior to the execution of the 3? contract. Does not include Developer's Design Engineering Cost on interior streets and 'storm drains. A ) City's participation due to facilities constructed adjacent to City Park is: is Streets $ -0- r' Storm Drains -0- I a,b Represents two percent (2%) respectively of the Developer's share of the estimated 1# construction costs for construction inspection and materials testing. c,d Represents the City's share of the construction engineering and administration.:cost.,. Reco ended Don M ne' ; ssista t Director `0_._,A Ali:q�� w: Tr portation and Pub 'c Works � A?4 Date Based on Policy Revised September, 1992 CFA Code: 96064 t ii t; CONTRACT FOR: PACE - ALSB RY VILLAGE, LOTS 1-4, BLOCK I i II-14 II:I STREET LIGHTS 1. The Developer agrees to provide for the installation of street lights at the approximate locations shown in Exhibit within ninety calendar days of final acceptance of the street construction in accordance with engineering plans and specifications to be approved by the Transportation and Public Works Department. I 2. When the City installs the lights, the Developer agree , to pay the City the amount shown below prior to the City starting its design efforts. When the City prepares the plaits for the Developer' s contractor to install the lights, the .:,D. agrees tQ pay the City 100 of the estimated construct.i.on co's't before the City starts its design efforts. 1. 3. The Developer has the option to install the lights on. ;relsidentia� and collector streets using overhead, o:r underground -;c o nductor , but the lights on arterial streets require underground conductors. The City will install all the lights tk�at use overhead conductors. The City will normally nsta � all the lights that require underground conductors, but; the Developer agrees to employ. a. contr'a-ctor to ristall the- 11 gh s when the Clty is unable to. begin .nstalling the lzgti':ts wsthiri` ninety ,calendar days of f: :ral. acceptance of the street. construction 3 4. The Developer a:gre.es! to ,pay ,the City 20 of the construction cost i for cons;tructzon en ineering .:and ;. nspe:etlon of $e street; light nstaal:ation if a c.ontracto.r i:ns.talls :.the street lights 5. The Developer agrees to` .dedi`cate all ,,easements xequired for the installation and maintenance of th street =lights and; to provide for the installation df. any 41 ct:ri.cal, tra*_��formers equired 'for the pr;ope.r operation of ;;tire streef' li-.ghts 6.: The estimated cost of this street light ins:tallatson is detailed on page II1-2 and is suminarYZe'd be-l".: I'n the event the Developer pays the City to do any of the work, st is agreed by both parties that final payments will.. be adjusted such ghat the Developer's payment is w.1 bin $25.00 o't the .actual east (>to include overhead and fringe benetits) . DEVELOPEP..'S COST ' $6,600.00 PACE-ALSBURY VILLAGE Port Worth, Texas September 12, 1.996 III-1 - III STREET LIGHT COST ESTIMATE QUANTITY UNIT COST TOTAL COST INTERSECTIONS 1 EA $ 2, 00'0 $ 2• 'x'00 Alsbury Blvd. & Jake Court MID-BLOCK RESIDENTIAL 1 EA $ 2, 000 $ 2.,0'00 1 on Jake Court CHANGE OF DIRECTION RESIDENTIAL 1 EA. $ 2, 0-00 $ 2`000 1 on Jake Court MID-BLOCK COLLECTOR 0 EA $ 2,Q'00. i MID-BLOCK ARTERIAL PARKWAY 0 EA $ 2,D0:0 $ 0 MTD-BLOCK ARTERIAL MEDIAN 0 EA $ 2;'200 $ 0 I RELOCATE EXISTING LIGHT:, 0 EP $ a � Su? •. ital D; Veloper's Subgtal x,000 001 t 10.% for Engzneer�ng ,', $ 600' 00 Adj acerit Developer's Cost : $ 9.= Developer'•s.=.CCt. i PACE-AI SBUR5t 'VILLAGE Fort Worth, Teas September III-2 I Iv S'T'REET NAME SIGNS 1 . The Developer agrees to pay for the street name s .gn installations required by this development to the extent of_ `'g0.00 per intersection. This unit coast will be revised annually sly the Department of Transportation and Public Works to` `reflect. prevailing costs of materials and labor. 2. This development c=reates the following one (3 ) nte,rsect ;on at a cost to the Developer of $'80.00: Alsbu.ry Blvd. & Jake Court 3. The Developer may either deposit cash funds with the Cit'Y equal to the above amount at the time of C:ommun: ty Facilities Agreement approval or w=ait until the street name. szgns are' to be installed If the Developer elects to wait, the. dbs-t . of street nape signs will be at the rate pr.euaiing, when the Develoer deposits funds with the: City. I 4. The .City w1111 install t1i.el street• name' sign's upon final approy-g, ' of the st=reet construct-ibft. The; street name :smgns wall remain the property of, and will b''e .maintained by, the City , PACE.•-ALS$vRY VILLAGE Fort Worth, Texas September 12, 18`:86 IV-1 "slr j V GENERAL REQUIREMENTS A. It is agreed and understood by the parties hereto that the developer shall yS, employ a civil engineer, licensed to practice in the State of Texas, for the # design and preparation of plans and specifications for -the construction of all facilities covered by this contract, subject to Paragraph B. 0 B. For any project estimated -to cost less than $10,000 or for any project ¢ designed to serve a single lot or tract, the developer may at his option request the City to provide the design engineering, and if such request is .granted' the „( 7r� developer shall pay, to the City an amount equal to 10 percent of the: finial: 4� construction cost.of such project for such engineering services. C. In the event the developer employs his own engineer to prepare plans and � specifications for any or all. facilities, the plans and specifications so prepared? shall be subject to approval by the department having: jur'isdiictiion. Ole reproducible set of plans with 15 prints and 35 specifications for each, facility, ��r shall be furnished the department having jurisdiction. It is agreed and.. x�E understood that in the event of any disagreement on the plans arid' specifications, the decision of the 'Transportation/Public• Works Departmenfi. Director, and/or Water Department Director will be findl, ,LI D. It is further agreed and .understood by the parties hereto that upon acceptance by the City, title to all facilities and improvements mentioned hereinabove shall;. I�J be vested' at all times in the City of Fort Worth, and developer her ±„ relinquishes any right, title, or interest in and to said facilities or any part: f } hereof. rf ' V-1 . `a . Z:::' ti r r �.f E. Work hereunder shall be completed within two (2) years from date hereof, and it is understood that any obligation on the part of the City to make any obligation on the part of the City to make any refunds with respect to water '- and/or sanitary sewer facilities- ::call cease upon the expiration of two (2) years from date hereof, except for refunds due from "front foot charges" on water and sanitary sewer mains, which refunds may continue to be made for a period I of ten (10) years commencing. on the date that approach mains are accepted by the Directcr. If less than 70% of the eligible collections due to the developer has been collected, the Developer may request in writing an }; extension of up to an additional 10 years for collection of front charges. If the construction under the Community Facilities Contract shall have started within the two-year period, the life of the Community Facilities Contract shall be -` y p � G extended for an additional one-year period. Community Facility Contracts not completed within the time periods stated above will require renewal of the s b; contract with all updated agreements being in compliance with the policies in effect at the time of such renewal. Deveiopers must recognize that City funds may not be available to. pay all _or..a_portion_of_the..normai City_share-for )r renewal contracts. It must be understood by all parties to the Community F Facilities Contract that any of the facilities or requirements included in the contract that are to be performed by the developer, but not performed by the (` developer within the time periods stated above, may be completed by the City f at the developer's expense. The City of Fort Worth shall not be obligated to ) ma-e any refunds due to the developer on any facilities constructed under this agreement until all provisions of the agreement are fulfilled. F. PERFORMANCE AND PAYMENT GUARANTEES ) 1 . For Street, Storm Drain, Street Light and Street Name Sign Facilities on a Non-Assessment Basis: fl I Z V-2 a r Y` yf; Performance and Payment bonds or cash deposits acceptable to the City }i are required to be furnished by the developer for the installation of �I streets, storm drains, street lights, and street name signs, on a non- assessment basis, and must be furnished to the City prior to execution gi of this contract. The performance and payment bonds shall be in the }' amount of one hundred percent (100%) of the developer's estimated share of the cost of the streets, storm drains, street lights, and street name signs. If the deposit is in the form of cash, the deposit shall be in it the amount of one hundred twenty five percent (125%) of the #<< l developer's estimated cost of the streets, storm drains, street lights, Ml t tji street name signs, and change orders (during the course of the project). 2. For Pavina Assessment: Ir I Performance and payment bonds or cash deposits, acceptable to the }E City are required to be furnished by the developer for one hundred at percent (100%) of the developer's estimated cost resulting from the P paving, drainage, lighting and name signage of border streets on an ?� assessment paving basis. (deference Section VI, Item 3, Development j aF•� �y Procedures Manual.) Said performance and payment bonds or cash 3� deposits must be furnished to the City prior to execution of this s contract. .i 3. For Water anal Sanitary Seaver Facilities: Performance and payment bonds, or cash deposits, acceptable to the r f City are required to be furnished by the developer for the installation of I water and sanitary sewer facilities. ( ' a. Where the developer lets the construction contract for water and sanitary sewer facilities, performance and payment bonds shall be � f i � V-3 9 � F �o 'fc;'q deposited, in the amount of one hundred percent (100%) of the r` estimated cost of construction, cash deposited shall be in the amount of one hundred twenty-five percent (125%), as state I in the construction contract, is required to be furnished simultaneous :C with execution of the construction contract. <<? b. Where the City lets the contract, performance and payment bondsx :: r shall be deposited, in the amount of one hundred percent 1100%) k1 of the estimated cost of construction, as stated in the f F construction contract, is required prior to issuance of a work order by the City. 4. Types of Guarantees: at Pgrtgrrrtangg and Payment i7grida; aria roquirtd for thti construction of streets, storm drains, street lights, and street name signs, the following terms and conditions shall apply:' (1) The bonds will be standard performance and payment bonds , 3 ; provided by a licensed surety cornpany on forms furnished by that surety company. r (2) The bonds will be subject to the review and approval by the City Attorney. j (3) The performance bond shall be payable to the City and shall guarantee performance of the street, storm drain, street light, and street name sign construction contemplated under this contract. a U-4 If��•:r �Y F� i (4) The Payment Bond shall guarantee payment for all labor, materials and equipment furnished in connection with the street, storm drain, street light, and street name sign construction contemplated under this contract. ?< (5) In order for a surety company to be acceptable, the name of 'f the surety shall be included on the current U.S. Treasury list } k of acceptable sureties, and the amount of bond written by any one acceptable company shall not exceed the amount shown on the Treasury list for that company. b. Cash Deposits: A cash deposit shall be acceptable with s4 verification that an attempt to secure a bond has been denied, f4 such deposit shall be made in the Treasury of the City of Fort si Worth. The City of Fort Worth will not pay interest on any such ' cash deposit. (1) At such time that the contract is bid for projects other than �ak assessment projects, the cash deposit shall: 'be adjusted to one hundred twenty five percent (125%) of the actua[ bird price. No contract shall be awarded and no work order shall ° be issued until such adjustment is made. 1,,.. (2) When a cash deposit is made, the additional twenty-five percent (25%) beyond the one hundred percent (100'%m;) of the estimated developer's share represents additional! Bands for change orders during the course of the project.. This twenty five percent 1,25%6) shall be considered the developer's change order fund. r , V-5 -r; 1 !air; jl s tf, MR q x }yi, (3) If the developer makes a cash deposit with the City, the developer may make timely withdrawals from the cash i funds in order to pay the contractor and/or subcontractor fl' based on amount of construction work completed as approved and verified by the City Engineer or authorized representative. For projects whose actual total contract cost is $400,000 or greater, such release of security shall equal the percentage of work completed for that period i multiplied by ninety-five percent (95%). This percentage shall be applied to the actual current total contract cost to determine the amount that may be reduced upon request of t developer. For projects whose actual total contract cost is less than $400,000, such release of security shall equal the percentage of work completed for that period multiplied :by ninety percent (90%). This percentage shall then be.applied to the actual current total contract cost to detorminel the amount of security that may be reduced upon request of developer. The remaining security, five percent (5'%) for projects of 5400,000 or greater and ten percent (10%) for ' projects less than $4400,000 together with the remaining. funds from the Developer's Change Order Fund, if cny, will f be released to the developer after the project has been _accepted -,_y -the .City. Partial ..release _of _fund's -shall _be limited to once per month. There shall be no partial release of fund's for projects of less than $25,000. Proof that the developer has paid the contractor shall be required for partial releases. V-6 i 5. Purpose, Term and Renewal of Guarantees: i a. Performance and payment bonds, and cash deposits furnished { hereunder shall be for the purposes of guaranteeing satisfactory compliance by the developer with all requirements, terms and conditions of this agreement, including, but i not limited to, the satisfactory completion of the improvements prescribed herein, and the making of payments to any person, firm, corporation or other entity with whore the developer has a direct contractual relationship for the performance of work hereunder. j I b. Developer shall keep said performance and payment bonds, and/or cash deposits in full force and effect until such time as developer ' has fully complied with the terms and conditions. of this, agreement, and failure to keep same in force and effect shall constitute a default and breach of this agreement.. G. The City shall assume its share of the cost of the improvements covered 'by this agreement along with the engineering fee only if funds are available for such participation. In the event that no funds are available for City ?: participation, the developer shall award the contract and' deposit with the !City a performance and payment bonds or cash for 100 percent of the estimated total construction cost of the improvements [plus ten percent (1 0%n) for engineering and miscellaneous costs if the City prepares the plans]. H. On all facilities included in this agreement for which the developer awards 'its own construction contract, the developer agrees to follow the following , procedures: 1. If the City participates in the cost of 'the facilities, the construction contract must be advertised, bid and awarded in accordance with State V-7 e. 't { t� 1, 4 11. statutes prescribing the requirements for the letting of contracts for the construction of public work. This includes advertising in a local x newspaper at least twice in one or more newspapers of general j circulation in the county or counties in which the work is to be E: performed. The second publication must be on or before the tenth , (1 Oth) day before the first date bids may be submitted. The bids must be opened by an officer or employee of the City at or in an office of the r City. 'i fs 2. To employ a construction contractor who is approved by the Director of the Department having jurisdiction over the facility to be so constructed, said contractor to meet City's requirements for being insured, licensed t, and bonded to do work in public streets. 3. To require the contractor to furnish to the City payment, performance and maintenance bonds in the names of the City and the developer for one hundred percent (100%) of the contract price of the facility, said bonds to be furnished before work is commence. Developer further shall require the contractor to provide public liability insurance in the t '- amounts required by the City's specifications covering that particular work. u 4. To give 48 hours notice to the department having jurisdiction of intent Ir to commence construction of the facility so that City inspection personnel will be available; and to require the contractor to allow the construction to be subject to inspection at any and all times by City inspection forces, and not to install any sanitary sewer, storm drain, or water pipe unless a responsible City inspector is present and gives his consent to proceed, and to make such laboratory tests of materials being used as may be required by the City. V-8 : n$. rt_.fib: I';'r (t? 1, t:( 5. To secure approval b the Director of the Department having jurisdictions{ pp y of any and all partial and final payments to the contractor. Said approval shall be subject to and in accordance with requirements of this E: agreement, and is not to constitute approval of the quantifies of which a, ,1 97, payment is based. 6. To delay connections of buildings to service lines of sewer and water zi mains constructed under this contract until said sewer and water mains and service lines have been completed to the satisfaction of the Water � ' ' Department. c li r:Yt 7. It is expressly understood by and 'between the developer and the City of Fort Worth, that in the event the developer elects to award one single ?; construction contract for storm drainage and pavement, said contract k shall be separated in the bidding and City participation, if any, shall be I limited to the lowest possible combination of bids as if each of the r�F above were awarded as separate contracts. I I. Anything to the contrary herein notwithstanding, for and in consideration of the promises and the covenants herein made by the City, the developer €` covenants and agree as follows: �E 1. The developer shall make separate elections with regard to water and/or r, t > sanitary sewer facilities, storm drainage, street improvements and street i l i , lights as to whether the work prescribed herein shall be performed by the City, or by its contractor, or by the developer, through its E contractor. Each separate election shall be made in writing and E.. delivered to City no later than six (6) months prior to the expiration of this agreement. In the event any of such separate elections has not y been made and delivered to City by such date, it shall be conclusively presumed that the developer has elected that such work be performed r V-g ff i `.jib, t: S� by the City in accordance with all of the terms of this agreement, and in iS} particular Paragraph V-F hereof. 2. Irrespective of any such election and whether the work is to be 9 ; performed by the City, or by its contractor or by the developer through its contractor, the developer covenants and agrees to deliver to the City a performance and payment guarantee in accordance with the �[ provisions of Paragraph V-F of this agreement. i r�r ' E 3. In addition to the guarantee required in the preceding paragraph, in the Q; . event developer elects that the work be performed by the City, or by the City's contractor, or such election is presumed as provided above, the developer covenants and agrees to pay to the City the developer's share l, l of the estimated construction costs. The amount of such estimated payment shall be computed as set out in Sections I, 11, 111 & IV hereof. . based upon the lowest responsive bid for such work, as determined by City, or upon a cost estimated to be performed by City forces prepared by the City, as appropriate, and shall be subject to adjustment to actual 4 F ' costs upon final completion of the subject work. Such estimated a 1 : payment shall be made promptly upon demand by Citu, it being kj understood that such payment will be made after the receipt of bids fr work, but in every case prior to the award of any construction contract, unless otherwise specifically set out herein. r" 4. Developer further covenants and agrees to, and by these presents does r s hereby fully indemnify, hold harmless and defend the City, its officers, ' agents and employees from and against any and all claims, suits or causes of action of any nature whatsoever, whether real or asserted; brought for or on account of any injuries or damages to persons or property, including death, resulting from, or in any way connected with, this agreement or the construction of the improvements or facilities i V-10 , t I. .4 �I ti 1 described herein, whether or not causes, on whole or in part, by the negligence of officers, agents, employees, licensees, invitees, E contractors or subcontractors of the City; and in addition the developer covenants to indemnify, hold harmless and defend the City, its officers, gypp ' tjy ' I agents and employees from and against all claims, suits, or causes or action or any nature whatsoever brought for, or on account of any ti€` injuries or damages to persons or property, including death, resulting from any failure to properly safeguard the work or an account of any act, intentional or otherwise, neglect or misconduct of the developer, its � contractors, subcontractors, agents or employees, whether or not -> caused, on whole or in part, by the negligence of officers, agents, employees, licensees, invitees, contractors or subcontractors of the City, 5. Developer covenants and agrees that it discriminates against no f individual involving employment as prohibited by the terms of Ordinance No. 7278 (as amended by Ordinance No. 7400), an ordinance prohibiting discrimination in employment practice because of race, „ creed, color, religion, national origin (except for illegal aliens), sex. or age, unless sex or age is a bonafide occupational qualification, subcontractor or employment agency, either furnishing or referring ' applicants to such developer, nor any agent of developer is discriminating against any individual involving employment as prohibited L 3 , by the terms of such Ordinance No. 7278 (as amended by Ordinance No, 7400). i J. The attached Exhibits Appendix "A", A, 8, B-1, C, and Location Map are made a part hereof for all intents and purposes. K. Venue of any action brought hereunder shall be in Fort Worth, Tarrant County, Texas. V-11 f id y !Ii 4, sf' L. The City's Policy for the Installation of Community Facilities, as adopted by the City Council on September 1992, is hereby incorporated herein by reference, al and Developer covenants and agrees to comply with said Policy as a condition s of this contract and as a condition to the platting of the subject property. psi IN TESTIMONY WHEREOF, the City of Fort Worth has cmised this instrument to be ;. rr executed in quadruplicate in its name and on its behalf by its City Manager, attested by its City Secretary, with the corporate seal of the City affixed, and said Deveio'' has ex ed thi: instrument in quadruplicate, at Fort Worth, Texas this the---,/'/ clay li ; of cam, 19 i E4 ATTEST: CITY OF FORT WORTH, TEXAS ' ii'Rii :n Vin{` , Mike Groomer i kyk��Gce- C City-Secretary --Assistant City iblanager APPROVED AS.TO FORM AND DEVELOPER: ` LEGALITY: J.C.-Mice;_Ltd.;_a Texan=L united-I'artrersh'ip' BY:3.C..PACE HOLDING COMPANY GENERAL PARTNER '; - � t ByJ--' -K.-Pace _Gary �d einberger Assistant City Attorney President tl. a: Conxao/t Autlaor �a1ra>� V-12 1j 4 r nt4 ?ST:µ F iJZ APPENDIX"A" COST ESTIMATE SUMMARY PROJECT PAC 38URY VILLAGE ? ; PERFORMANCE CONTRACTSECTI01,4 DEVELOPER CITY TOTAL GUARANTY Section I Water $ -0- $ -0- $ -0- $ -0- Sewer 80,119 -0- 80,119 80`,119 Construction Insp. Fee 1,603 -0- 1.,603 1,603' Section II �P 1. Interior Streets ' P' Construction 95.773 -0- 95,773 95,773 Design Eng. -0- -0- -0- Eng. &Admin 1,915 7,183 9,098 1..9`15* t� 2. Storm Drains u Construction 68,206 -0- 68;206 68,206 Design Eng. -0- -0- -0- Eng. &Admin. 1,364 5,457 6,82:1 1.364* Section III f, Street Lights 6,000 -0- 6,000 6:0.00 Design 600 -0- 600 600 Section IVn Street Name Sign 80 -0- 80 80 TOTAL $255,660 $ 12,640 $268.300 $255,660 2%Construction inspection fee to be deposited in cash prior to issuance.of work order. � i'.{'s j,�,_ Fa1� r E'I �r LOT 'LOT ... I 't LOT 1. BLOCK I J.C.P.C. ADDITION t CH $RVICE STATIOfl! PROP. 0 sSM14 IN r zl z. � I c111 cI'f 71( LOT 4 FUTURE it I LOT 5 �r - I 0 1 Iry 'q� X � vi -ell z o FUTURE �j LOT 5 n v� I rn i PROP. SSMH 15' UTILITY ESMT. _ _ I ( PROPOSED 8 SDR PVC -�0— SANITARY SEWER PROP. SSMH LOT I, BLOCK I -0 FORT WORTH TRANSPORTATION I AUT14GRITY PARK AND RIDE co cn EXHIBIT "A o SCALE i I° = 100' PROPOSED SANITARY SEWER IMPROVEMENT i n TO SERVE A PACE°ALS®URY VILLAGE m BEGIN CONSTRUCTION !?. CONNECT TO EXIST. �I SAN, SEW. MANHOLE WA TNEO44DEI6-7 19 WA N0. 90: 7i'ii lb II '� EXIST. 10' 1 LOT I ( ! INLET I I FUTLMIE LOT 5 {; EXIST. 10' — INLET 1 LOT 2 1 r. Ya PROPOSED T° 6dE1NF. f 1 CONCRETE PAVEMENT °!. 1 W/ 70 CURB 5 : '° I 1 � LOT 3 ; 1 1 r-IF LOT 4 11 1 - O 11 � CA CIA 1 EXISTING 1 1 1 GAS VROSTATION 111 11<I 111 4 SGAL.E 1° a 100' 1. 1 I` - 7 EXIST. 16' CONC. WATER LINE • et•aa�um.n®s. .m•aa �� .. ALSBURY BLVID. ; EXHIBIT 'B PROPOSED STREET IMPROVEMENTS ;? : TO SMVE i PACE--ALSSURY VILLAGE , S' SEPTEMUM 1996 WA NO. 96-035 !,fL% i i'„ f" —� PROP. TYRE 6 — -- — -------- -----I------ PROPOSED 50'--JV -- 30' HDWL. DRAWAGE EASEVENT Ar EXIST. 2 861.. ------------�-------_ --- J 'X 4' BOX ----------------------.-----i CULVERT I I FIYTIPFEE ;r i I I LOT 5 ¢ 15' DGU- ESMT. LOT I f I � EXIST. 10' INLET 11 0� dLOSIED ET a' EXIST. 10' INLET , � ``--4:1 SQ. � 5731' I( 1p LOT 2 0 ` tit i 4( t r, LOS'. 3 ter 1 9 ' t EwYffs SCALE I' - 1001 I7 , a GAS i�� � 1, r EXHIBIT °B.. PROPOSED STORM DRAIN WROVEMENTS To s ALSBURY D. FACE--'AL 'Y' VILLAGE 3 SEPTEMBER 1996 lPI NO. 96-035 A . i ; :f II I I I I I i EXIST. 10' ` LOT 1 INLET I I ip Ii ' !�I i EXIST. 10' STREET — — FUTURE INLET \ LIGHT \ LOT 5 LOT P 1 , e k , ✓ 6-� f M,i ---.-.- -....- ------ {� �{ LOT 3 11 k STREET 1 1:<► LIGHT 1 '1 C> ® LOT 4 1 1 EXISTfNG 1: 1 � 1t CHELRON 1 \ GAS STATION 1�t W SCALE 0 = IOC ST6'dEEY STRI�ET' L}t�H P St{ t EXFSTIf�a 20a c Pr, EXIST. '161 WATER LIFE CONC. WATER LIB ALSBURY BLVD. EXHIBIT PROPOSED STREET LIGHTS a SIGNAGE 1 FM PACE-°ALSBLRY VILLAGE SEPT043M 1996 WA NO. 96-035 ; r. �anvmm 3 '. b i 3 5 £Y Rd II87 @� E RE��Q� 6 � • ifd4t£N -CROWLEYI to 5 Iy&7 L� i 9 t aR 13 r w� M . /29 WE P N 0 T 6ecmcl 411 LL0 N LOCAL OAKING o = a G(c ✓� E ALSBURY.•.Al OYE 8 BURIESO 4-RETTA p,p g •per y: 1� r ti� . •'1•;•.�, <<'�:l ,:c,.. yam: � THE 35 4 4 B EES0N y� •� a LOCATION MAP PACE-ALSBURY VILLAGE PACE-ALSBURV VILLAGE ESCROW/PI.,EDGE, AGREEMENT THIS ESCROW/PLEDGE AGREEMENT (the "Agreement"), entered into as of October 3, 1996, by and among J.C. face, Ltd. ("Developer"), the City of Fort Worth, Texas, a municipal corporation of Tarrant County, Texas, ("Fort Worth") and Bank One, Texas, N.A., ("Escrow Agent") is witness to the following: WHEREAS, Developer and Fort Worth have entered into a Community Facilities Agreement for certain lots in Block 1 of the Pace-Alsbury Addition, an addition to the City of Fort Worth, 'Tarrant County, Texas (the "CFA"); and WI-LEREAS, the CFA provides that Developer shall submit to Fort Worth performance and payment bonds, cash deposits or other security acceptable to Fort j Worth (collectively, the "Intended Security") for the purpose of guaranteeing satisfactory compliance by Developer with all requirements, terms, and conditions of the CFA (collectively, the "Secured Obligations"); and WHEREAS, Developer and Fort Worth desire and agree that Developer be allowed to escrow and pledge cash deposits to Fort Worth, to be held by Bank One, Texas, N.A. as Escrow Agent, in lieu of and in complete satisfaction of the obligation to submit the Intended Security to secure the performance of the Secured Obligations; NOW THEREFORE, for and in consideration of the premises, ten dollars ($10.00) and other good and valuable consideration, the receipt, sufficiency, and adequacy of which are hereby acknowledged and confessed, the parties hereto hereby agree as follows: SECTION 1. DEFINED TERMS. For the purposes of this Agreement, unless the context otherwise clearly requires, the following terms shall have the following meanings: "Initial Security Funds" shall mean the cash deposit of $342,617.50 which sum represents 125 percent of the estimated Developer's share of the cost of constructing the improvements identified in the CFA. The Developer's share of the total cost of such improvements shall hereinafter be called the "Estimated Developer's Cost". "Lien" shall mean any lien, security interest, charge, tax lien, pledge or encumbrance designed to secure the repayment of indebtedness or the satisfaction of any other obligation to a third party not a party to this ESCROW/PLEDGE AGREEMENT PAGE 1 (H:\SAN\14439\005\ESCROWPL.AGRI October 2, 1996 Agreement. "Payment and Performance Bond" shall mean a bond issued by a corporate surety or insurance company acceptable to Fort worth in an arnount equal to cost of improvements not yet completed by Developer. SECTION 2. PLEDGE. As securif- °-r the full and punctual performance of the Secured Obligations, Developer hereby pledges, assigns, and transfers to Fort Worth, and hereby grants to Fort Worth a security interest in, the Initial Security Funds and all rights and privileges pertaining thereto with the exception of the interest income to be derived therefrom., which interest income shall remain the property of Developer and shall be distributed by Escrow Agent in accordance with Developer's periodic instructions. (The Initial Security Funds and any substitution by Developer with a Payment and Performance Bond as permitted hereunder, are collectively referred to hereafter as the "Pledged Collateral"); TO HAVE AND TO HOLD the Pledged Collateral, together with all rights, titles, interests, privileges, and preferences appertaining to or incidental thereto, unto Fort Worth subject, however, to the terms, covenants, and conditions hereinafter set forth. The security interest granted and the assignments made hereunder are made as security only and shall not subject Fort Worth or Escrow Agent to, or transfer or in any way, affect or modify, any obligation of Developer with respect to any of the Pledged Collateral or any transaction involving or giving rise thereto. SEC'T'ION 3. PHYSICAL POSSESSION OF PLEDGED COLLATERAL. Concurrently with the execution of this Agreement, Developer shall have delivered to and deposited with Escrow Agent the Initial Security Funds representing or evidencing the Pledged Collateral. The parties acknowledge and agree that Escrow Agent shall be required to segregate the Pledged Collateral from other funds held by Escrow Agent for Developer in accordance with the normal practices of Escrow Agent as an Escrow Agent. Escrow Agent shall return all funds on deposit representing or evidencing the Pledged Collateral remaining in its possession to Developer (or take such other action as Developer may request or direct) immediately after receipt of written notice from Fort Worth that the Secured Obligations have been fully performed. During such time as Escrow Agent has possession of the Pledged Collateral, Escrow Agent shall furnish to Fort Worth (when requested by Fort Worth) written acknowledgments signed by an officer of Escrow Agent detailing the amount of the Pledged Collateral. SEC'T`ION 4. COVENANTS. (a) Affirmative Covenants. So long as any of the Secured Obligations ESCROW/PL EDGE AGREEMENT PAGE_2 (H:\SAN\14439\005\ESCROWPL.AGR) October 2, 1996 remain unperformed, Developer covenants and agrees that Developer will: (i) from time to time execute and deliver to Fort Worth all such assignments, certificates, supplemental writings, and other items and do all other acts or things as Fort Worth may reasonably request in order to evidence and perfect the security interest of Fort Worth in the Pledged Collateral; (ii) furnish Fort Worth with information which Fort Worth may reasonably request concerning the Pledged Collateral; (iii) notify Fort Worth of any claim, action, or proceeding affecting title to the Pledged Collateral or Fort Worth's security interest therein; and (iv) adjust the Pledged Collateral to an amount equal to the actual contract price, including revisions thereto. (b) Negative Covenants. So long as any of the Secured Obligations remain unperformed, Developer covenants and agrees that Developer will not: (i) assign or transfer any rights of Developer in the Pledged Collateral; or (ii) create any Lien in the Pledged Collateral, or any part thereof, or permit the same to be or become subject to any Lien except the security interest herein created in favor of Fort Worth. SECTION 5. EXTENTS OF DEFAULT. Developer shall be in default under this Agreement only upon the happening of any of the following events (a "Default"): (a) default in the timely payment or performance of the Secured Obligations after written notice thereof has been given to Developer and Escrow Agent and such default is not cured within seven (7) days after such notice; (b) any affirmative or negative covenant is breached by Developer. SECTION 6. RIGHTS AND REMEDIES OF FORT WORTH UPON AND AFTER DEFAULT. (a) Remedy. Upon the occurrence of a Default, Fort Worth shall have the right to direct Escrow Agent to transfer to Fort Worth all of the PIedged ESCROWIPLEDGE AGREEMENT PAGE 3 (H:\SAN\14439\005\ESCROWPL.AGR) October 2, 1996 -. .....::.... . .. . `'`' it Collateral. (Escrow Agent is hereby authorized to transfer the Pledged Collateral immediately upon the receipt of a written statement purporting to be executed by an authorized representative of Fort Worth stating that: (i) a Default by Developer has occurred under the Community Facilities � Agreements executed in connection with this Escrow/Pledge Agreement; (ii) written notice of such Default has been given by Fort Worth to Developer and Escrow Agent and such Default was not cured within seven !J (7) days after such notice; and (iii) Fort Worth is entitled to have the Pledged Collateral transferred in 1 accordance with the Agreement. ] ;. (b) Notices. Any notice required or permitted to be given to any party hereto shall be given in writing, shall be personally delivered or mailed by prepaid certified or registered is mail to such party at the address set forth below, and shall be effective when actually t; received. i J.C. Pace, Ltd., a Texas Limited Partnership 500 Throckmorton, Suite 2808 Fort Worth, Texas 76102 s. With Copy to: r- Sheldon Anisman ''J` P. O. Sox 17047 Fort Worth, Texas 76102 City of Fort Worth Attn: City Treasurer 1000 Throckmorton Street aiyr Fort Worth, Texas 76102 with a copy to: 'TT. '+ City of Fort Worth Attn: Development Coordinator ;-'', Department of Development 1000 Throckmorton Fort Worth, Texas 76102 Bank One, Texas, N.A. 't ESCROWIPLEDGE AGREEMENT PAGE 4 (H:\SAN\14439\005\ESCROWPL.AGR) October 2, 1996 r 500 Throckmorton, Suite 704 Fort Worth., Texas 76102 Attn: Kaye Wilke Any party may change its address for notice by giving all other parties hereto notice of such change in the manner set forth in this Section no later than ten (10) days before the effective date of such new address. i SECTION 7. EXCLUSIVE RIGHTS AND REMEDIES. If the Developer fails to perform its obligations under the CFA, Fort Worth's sole Jy.. and exclusive remedy shall be to complete the obligations of Developer at Developer's expense. In furtherance of such sole and exclusive remedy, Fort Worth is entitled to exercise its rights as set forth in Section 6 hereof. ! SECTION 8. SUBSTITUTION OF COLLATERAL. "} Notwithstanding any contrary provision in this Agreement, Developer shall have the right (without the consent of Fort Worth), at any time and from time to time, to obtain releases of all or any part of the Pledged Collateral (hereinafter called the "Released Collateral") upon satisfaction of the following conditions: (a) Developer shall provide Fort Worth and Escrow Agent written notice (the "Substitution Notice") that Developer desires to obtain Released Collateral (as specified and described in such notice) in exchange for a contemporaneous substitution of a Payment and Performance Bond (as also specified and described in the Substitution Notice); and (b) Developer shall pledge to, or obtain for the benefit of, Fort Worth, and deliver to Fort Worth a Payment and Performance Bond from a surety acceptable to Fort Worth (the "Substituted Collateral") which Substituted Collateral shall in the aggregate be at least equal to the Estimated Developer's Cost; and (c) Said Payment and Performance Bonds shall be accompanied by a ;a written commitment from the surety that such Performance and Payment Bonds shall cover all work which has occurred prior to the substitution of Collateral provided for in this Section. Upon satisfaction of the above-specified conditions, Escrow Agent shall be authorized (without the consent of Fort Worth) to return to Developer the original Intended Securivj Funds in Escrow Agent's possession that represent or evidence the Released ' Collateral or take such other action with respect to the Released Collateral as Developer ESCROW/PLEDGE AGREEMENT PAGE 5 (H:\SAN\14439\005\ESCROWPL.AGR) October 2, 1996 r: I��1 41; L: 0, z may request or direct. Developer shall pay.the expenses incurred by Escrow Agent in t connection with obtaining each such release and substitution. SECTION g. PERIODIC VVrFHDRAWA.L OF COLLATERAL. Notwithstanding any contrary provision in this Agreement, Developer shall have the right to periodic withdrawals of the ]Pledged Collateral (hereinafter called the "Withdrawn Collateral"), upon satisfaction of the following conditions: (a) Developer shall provide Fort Worth and Escrow Agent with written 'E notice (the "Withdrawal Notice") that Developer desires to obtain the 4` Withdrawn Collateral; and (b) the balance of the Pledged Collateral after withdrawal of the Withdrawn Collateral is at least equal to the estimated value of the Secured Obligations then remaining to be performed (such remaining value is hereinafter called the "Estimated Cost to Complete"). The Withdrawal Notice shall include a description of the Withdrawn Collateral and Developer's calculation of the Estimated Cost to Complete. Upon receipt of the ' Withdrawal Notice, Fort Worth shall have seven (7) calendar days to notify Developer of '' Fort Worth's objection to Developer's calculation of the Estimated Cost to Complete by ?: providing Developer with Fort Worth's calculation of the Estimated Cost to Complete. ,� y The grounds for any objection are limited solely to a good faith. determination by Fort �. . ' Worth that the balance of the Pledged Collateral is insufficient to cover the Estimated _ Cost to Complete. If Fort Worth fails to timely notify Developer and Escrow Agent of }� f any objection, then Developer's calculation shall be deemed to have been accepted and approved by Fort Worth and Escrow Agent is authorized.to release the Withdrawn Collateral requested by Developer without delay. In the event a written objection is timely filed by Fort Worth and Fort Worth's calculation. is within a range of five percent (511,;',), of Developer's Estimated Cost to Complete, then Developer shall be allowed to withdraw the amount corresponding to Fort Worth's calculation of the Estimated. Cost to t„ Complete. If Fort Worth's calculation of the Estimated Cost to Complete is outside a ; 1 range of five percent (5%) of Developer's Estimated Cost to Complete, then Fort Worth and Developer, through a designated representative, will reconcile the calculations and r : jointly approve an Estimated Cost to Complete and advise Escrow Agent to disburse the amount originally submitted by Developer, less any amounts necessary to ensure that the balance of the Pledged collateral equals the Estimated Cost to Complete as jointly determined by Fort Worth and Developer. If after the expiration of two (2) years from the date of this Agreement either ESCROW/PLEDGE AGREEMENT PAGE 6 I (H:\SAN\14439\005\ESCROWPL.AGR) October 2, 1996 S" s; x:j' 4fF (i) none of the Secured Obligations have been performed; or (ii) the term of the CFA has not been extended by Fort Worth, then in either event Fort Worth shall be entitled to receive the Pledged Collateral as g specified in Section 6 and construct the improvements contemplated in the CFA. SECTION 10. NON-ASSIGNABILITY OF FORT WORTH'S RIGHTS. . The rights, powers, and interest held by Fort Worth hereunder in and to the Pledged Collateral may not be transferred or assigned by Fort Worth in whole or in part. �? Amy attempted transfer or assignment shall be absolutely void and shall entitle Developer r. to a release of all Pledged Collateral. i SECTION 11. NO WAIVER. No waiver by Fort Worth of any Default shall be deemed to be a waiver of any N. other subsequent Default. No delay or omission by Fort Worth in exercising any right or power hereunder shall impair an such right or power or be construed as a waiver P P � Y g P {. thereof, nor shall any single or partial exercise of any such right or power preclude other or furiher exercise thereof. SECTION 12. BINDING EFFECT. :: This Agreement shall be binding on the parties, their successors and assigns. No EY provision of this Agreement may be amended, waived, or modified except pursuant to a written instrument executed by Fort Worth, Escrow Agent and Developer. SECTION 13. CHOICE OF LAW. < ' This Agreement is to be construed and interpreted in accordance with the laws of the State of Texas. SECTION 14. COUNTERPARTS. This Agreement may be executed in any number of multiple counterparts and by different parties on separate counterparts, all of which when taken together shall P P iP g f4<: constitute one and the same agreement. jar, Sg,w•. SECTION 15. INDEMNITY. Developer hereby agrees to release, hold harmless, and indemnify Escrow Agent (and its directors, officers, employees, agents and representatives) from and against all claims, ESCROW/PLEDGE AGREEMENT PAGE 7 (H `SAPS\14439`005\ESCROWPL.AGR) October 2, 1996 F' 1;= '.liai C; damages, expenses, costs, suits and other liability of any kind whatsoever that arise out of or are directly or indirectly related to the performance by Escrow Agent-of its duties hereunder except for the gross negligence or willful misconduct of Escrow Agent or its directors, officers, employees, agents or representatives. DEVELOPER: jt J.C. Pace, .Ltd., a Texas Limited Partnership Er{ BY: J.C. PACE HOLDING COMPANY GENERAI..PA ; R f._ By: K. Pace, President CITY OF T WORTH, TEXAS By: Title: Assistant City M . ager Date: s ESCROW AGENT: BANK ONE, TEXAS, N.A. c tl By, Tit e: Date. APPROVED: CITY OF FORT WORTH ASSISTANT CITY ATTORNEY Y. , Date: ,ytc i ESCROW/PLEDGE AGREEMENT PAGE 6 (H:\SAN\14439\005\ESCROWPL.AGR) October 2, 1996 r r' fait,: u r. Y:f tf itc! City of Fort Wortk Texas Mayor and Council Commun. , c DATE REFERENCE NUMBER LOG N'A1�IE pGE 11/12/96 *'°C- 5755 O�iPAtE 1 of:2 sUBjECT COMMUNITY FACILITIES AGREEMENT WITH J.C. PACE, LTD., A TEXAS 1MITEb PARTNERSHIP FOR THE INSTALLATION OF COMMUNITY FACILITIES - PACE - ALSBURY VILLAGE RECOMMENDATION: It is recommended that the City Council authorize the City Manager to execute a Community Facilities Agreement with J.C. Pace, Ltd., a Texas Limited Partnership, developer, for t'h'e installation of community facilities for Pace-Alsbury Village. DISCUSSION: Pace, Ltd., a Texas Limited Partnership,the developer of Pace-Alsbury Village has executbd' a proposed contract for community facilities to a 30 acre industrial site located m tfe northeast corner of East Alsbury Road and South 1-35W, as shown on the attached maps:: The: development is located in COUNCIL DISTRICT No. 8. This Community Facilities Agreement is in compliance with standard City Policy and does not require sidewalks. The estimated cost of community facilities is shown on Table 1, subject to the actual bid;pnce::` Table 1 : ESTIMATED COSTS I PROJECT COST DEVELOPER CITY TOTAL i Water $ 0 0 $, 0 j Sewer 80,119 0 80,119 Construction Inspection Fee 1,603 0 1,603 Street Improvements i Construction 95,773 0 95,773 Design Engineering 0 0 0 Engineering and Admin. 1,915 7,183 9,098 Storm Drain Improvements Construction 68,206 0 68,206 Design Engineering 0 0 0 Engineering and Admin. 1,364 * 5,457 6,821 Street Lights 6,600 0 6,600 Printed on Recycled Paper City of Fort Wonk Texas Council Miqyor and unit DATE REFERENCE NUMBER Lt?G NAME E i 11/12/96 06PA.CE 2 oi< 2 SUBCTECT COMMUNITY FACILITIES AGREEMENT WITH J.C. PACE, LTD., A TEXAS LIMITED' PARTNERSHIP FOR THE INSTALLATION OF COMMUNITY FACILITIES - PACE ALSBURY VILLAGE i I Street Name Signs 80 0 80 Total $255,660 $12,640 $268,300 *2% construction inspection fee, E. PLAN .COMMISSION APPROVAL: On July 24, 1996,the City Plan Commission approved preliminary plat(PP=96 420) Pace Alst ury Village, Block 1, Lots 1 thru 5. Final Plat (FP-96-06'1') Pace=Alsbury Villago, Block 1, Lots.:1 thru I 4 has been submitted to cityr staff for review. F.IS'CAL :INFORMATJ.ON/CERTIFICATION: The Director of Fiscal Services certifies that funds required for tl is expenditure a'-' ale !n the current capital budget, as appropriated:, of the New Development Fund. i MG:m 5irbmitted for City Manager's FUND ACCOUNT CENTER AMOUNT' CITY SECRETARY Office by: (to) n R VrD Mike Groomer 6140 Originating Department Bead: G1TY COUNCIL Ann Kovich $901 (from) C113 1 511010 020113095113 $12,640.00 For Additional Information City 5gcr�taty of tR Contact: City of Fart W rth;�exaa Ann Kovich 8901 Printed on Aecl+ded Ptapar