The URL can be used to link to this page

Home My WebLink AboutContract 59783Date Received: J u 120, 2023 Time Received: 2:22 p.m. City Contract No.: 59783 FUTURE IMPROVEMENTS AGREEMENT FOR INFRASTRUCTURE IMPROVEMENTS RIVER'S EDGE PHASE 3B BRIDGE This FUTURE IMPROVEMENTS AGREEMENT ("Agreement"), is made and entered into by and between the City of Fort Worth ("City"), a home -rule municipal corporation of the State of Texas, acting by and through its duly authorized Assistant City Manager, and Forestar (USA) Real Estate Group Inc. ("Developer"), a Texas limited liability company, acting by and through its duly authorized representative. City and Developer are referred to herein individually as a "party" and collectively as the "parties." WHEREAS, Developer is the owner of a tract of land within the City of Fort Worth located north of State Highway 114, south and east of the BNSF Railroad, and west of Cowboy Trail, which is the subject of Preliminary Plat PP- 19-035 ("Property"); and WHEREAS, a bridge crossing over Harriet Creek is necessary to provide access to the tract of land located north of the Property; and WHEREAS, Developer is required to construct a two-lane bridge from future Severn Lane over Harriet Creek and terminating at the northern boundary of the preliminary plat; and WHEREAS, when the tract of land located north of the Property develops, the owner of the land would be responsible for completing the second half of the bridge over Harriet Creek; and WHEREAS, it is not feasible for Developer to construct half a bridge at this time; and WHEREAS, as a condition of the approval of the preliminary plat for the Property and before Developer constructs River's Edge Phase 313, Developer is required to pay to the City the Developer's portion of the cost to construct the two lane bridge over Harriet Creek; WHEREAS, The City agrees to accept from Developer the Developer's share of the cost to construct the bridge and City will construct or cause the construction of the bridge in the future; and WHEREAS, the determination of the Developer's share of the cost to construct the bridge is not an assessment pursuant to Chapter 313 of the Texas Transportation Code; NOW THEREFORE, in consideration of the above recitals, incorporated herein for all purposes, City and Developer, acting by and through their duly authorized representatives, do hereby agree as follows: 1. Incorporation of Recitals OFFICIAL RECORD Future Improvements Agreement for Infrastructure Improvements CITY SECRETARY River's Edge Phase 3B Bridge FT. WORTH, TX Forestar (USA) Real Estate Group Inc Page 1 of 14 City and Developer agree that the foregoing recitals are true and correct, form the basis of this Agreement, and are incorporated into this Agreement. 2. Improvements Developer is responsible for the cost of constructing a two lane bridge from future Severn Lane over Harriet Creek and terminating at the northern boundary of Preliminary Plat PP-19-035, ("Improvements") as depicted in Exhibit A which is attached hereto and incorporated herein by reference. 3. Future Improvements Funds Concurrently with the execution of this Agreement, Developer has paid to the City $1,484,586.00, which amount represents one hundred twenty five percent of the estimated cost of constructing the Improvements ("Future Improvements Funds"), as described in Exhibit B which is attached hereto and incorporated herein by reference. The Future Improvements Funds shall serve as the entire amount of Developer's contribution for the cost to construct the Improvements. 4. Construction of Improvements The City may construct (or cause to be constructed) the Improvements at a time convenient to the City provided that adequate public funds, or additional funds from the owner of the tract of land to the north of the Property, may need to be secured before such construction may commence. City and Developer agree that the Future Improvements Funds are calculated pursuant to an engineer's estimate of probable costs and are not based upon an actual design of the Improvements. City shall have the right to determine the design and construction of the Improvements. 5. Use of Future Improvements Funds By accepting the Future Improvements Funds and by execution of this Agreement, City agrees that the Developer will have no further obligation to pay any amounts in addition to the Future Improvements Funds or take any further action with regard to the construction of the Improvements, even if (a) the actual costs to construct the Improvements exceeds the costs expected by the City as of the date of this Agreement, (b) the specifications, composition, or other characteristics of the Improvements hereafter change for any reason, (c) a mistake has been made (mutual or unilateral) in computing the costs of the Improvements, or (d) the costs or scope of the Improvements change for any reason. No refund of any balance shall be made by the City to Developer of the Future Improvements Funds. 6. Notices All notices required or permitted under this Agreement may be given to a party by hand - delivery or by mail, addressed to such party at the address stated below. Any notice so given shall be deemed to have been received when deposited in the United States mail so addressed with postage prepaid: Future Improvements Agreement for Infrastructure Improvements River's Edge Phase 3B Bridge Forestar (USA) Real Estate Group Inc Page 2 of 14 CITY: Development Coordination Office City of Fort Worth 200 Texas Street Fort Worth, Texas 76102 With copies to: City Attorney's Office City of Fort Worth 200 Texas Street Fort Worth, Texas 76102 and City Manager's Office City of Fort Worth 200 Texas Street Fort Worth, Texas 76102 DEVELOPER: Forestar (USA) Real Estate Groun Inc. 2221 E. Lamar Blvd, #790 Arlington, Texas 76006 Or to such other address one party may hereafter designate by notice in writing addressed and mailed or delivered to the other party hereto. 7. Applicable Law; Venue This Agreement shall be construed under and in accordance with Texas law. Venue shall be in the state courts located in Tarrant County, Texas or the United States District Court for the Northern District of Texas, Fort Worth Division. 8. Headings The paragraph headings contained herein are for the convenience in reference and are not intended to define or limit the scope of any provision of this Agreement. 9. Severability In the event that any clause or provision of this Agreement shall be held to be invalid by any court of competent jurisdiction, the invalidity of such clause or provision shall not affect any of the remaining provisions hereof. 10. Review of Counsel City and Developer, and if they so choose, their attorneys, have had the opportunity to review and comment on this Agreement; therefore any rule of contract construction or interpretation Future Improvements Agreement for Infrastructure Improvements River's Edge Phase 3B Bridge Forestar (USA) Real Estate Group Inc Page 3 of 14 that would normally call for the document to be interpreted as against the drafting party shall not apply in interpretation of this Agreement, and each section, portion, and provision of this Agreement shall be construed solely on the basis of the language contained therein, regardless of who authored such language. 11. Amendment No amendment, modification, or alteration of the terms of this Agreement shall be binding unless the same is in writing, dated subsequent to the date hereof, and duly executed by the City and Developer. 12. No Third -Party Beneficiaries The provisions and conditions of this Agreement are solely for the benefit of the City and Developer, and any lawful assign or successor of Developer, and are not intended to create any rights, contractual or otherwise, to any other person or entity. 13. Prohibition on Boycotting Israel Developer acknowledges that in accordance with Chapter 2271 of the Texas Government Code, the City is prohibited from entering into a contract with a company with 10 or more full-time employees that has a value of $100,000 or more that is to be paid wholly or partly from public funds of the City for goods or services unless the contract contains a written verification from the company that it: (1) does not boycott Israel; and (2) will not boycott Israel during the term of the contract. The terms "boycott Israel" and "company" have the meanings ascribed to those terms by Chapter 2271 of the Texas Government Code. To the extent that Chapter 2271 of the Government Code is applicable to this Agreement, by signing this Agreement, Developer certifies that Developer's signature provides written verification to the City that Developer: (1) does not boycott Israel; and (2) will not boycott Israel during the term of this Agreement. 14. Prohibition on Boycotting Energy Companies Developer acknowledges that in accordance with Chapter 2274 of the Texas Government Code (as added by Acts 2021, 87th Leg., R.S., S.B. 13, § 2), the City is prohibited from entering into a contract for goods or services that has a value of $100,000 or more, which will be paid wholly or partly from public funds of the City, with a company with 10 or more full-time employees unless the contract contains a written verification from the company that it: (1) does not boycott energy companies; and (2) will not boycott energy companies during the term of the contract. The terms "boycott energy company" and "company" have the meaning ascribed to those terms by Chapter 2274 of the Texas Government Code (as added by Acts 2021, 87th Leg., R.S., S.B. 13, § 2). To the extent that Chapter 2274 of the Government Code is applicable to this Agreement, by signing this Agreement, Developer certifies that Developer's signature provides written verification to the City that Developer: (1) does not boycott energy companies; and (2) will not boycott energy companies during the term of this Agreement. 15. Prohibition on Discrimination Against Firearm and Ammunition Industries Future Improvements Agreement for Infrastructure Improvements River's Edge Phase 3B Bridge Forestar (USA) Real Estate Group Inc Page 4 of 14 Developer acknowledges that except as otherwise provided by Chapter 2274 of the Texas Government Code (as added by Acts 2021, 87th Leg., R.S., S.B. 19, § 1), the City is prohibited from entering into a contract for goods or services that has a value of $100,000 or more which will be paid wholly or partly from public funds of the City, with a company (with 10 or more full-time employees) unless the contract contains a written verification from the company that it: (1) does not have a practice, policy, guidance, or directive that discriminates against a firearm entity or firearm trade association; and (2) will not discriminate during the term of the contract against a firearm entity or firearm trade association. The terms "discriminate," "firearm entity" and "firearm trade association" have the meaning ascribed to those terms by Chapter 2274 of the Texas Government Code (as added by Acts 2021, 87th Leg., R.S., S.B. 19, § 1). To the extent that Chapter 2274 of the Government Code is applicable to this Agreement, by signing this Agreement, Developer certifies that Developer's signature provides written verification to the City that Developer: (1) does not have a practice, policy, guidance, or directive that discriminates against a firearm entity or firearm trade association; and (2) will not discriminate against a firearm entity or firearm trade association during the term of this Agreement. 16. Right to Audit Developer agrees that, until the expiration of three (3) years after execution of this Agreement that the City shall have access to and the right to examine any directly pertinent books, documents, papers and records of the Developer involving transactions relating to this Agreement. Developer agrees that the City shall have access during normal working hours to all necessary Developer facilities and shall be provided adequate and appropriate workspace in order to conduct audits in compliance with the provisions of this section. The City shall give Developer reasonable advance notice of intended audits. 17. Governmental Powers and Immunities. It is understood that by execution of this Agreement, the City does not waive or surrender any of its governmental powers or immunities. 18. Signature Authority The person signing this Agreement on behalf of Developer warrants that he or she has the legal authority to execute this Agreement on behalf of the Developer, and that such binding authority has been granted by proper order, resolution, ordinance or other authorization of the entity. The City is fully entitled to rely on this warranty and representation in entering into this Agreement. 19. Counterparts This Agreement may be executed in multiple counterparts, each of which will be deemed an original, but which together will constitute one instrument. 20. Entire Agreement This written instrument (together with any attachments, exhibits, and appendices) constitutes the entire understanding between the City and Developer, and any prior or contemporaneous, oral or written Future Improvements Agreement for Infrastructure Improvements River's Edge Phase 3B Bridge Forestar (USA) Real Estate Group Inc Page 5 of 14 agreement that purports to vary from the terms hereof shall be void. [REMAINDER OF PAGE INTENTIONALLY BLANK] Future Improvements Agreement for Infrastructure Improvements River's Edge Phase 3B Bridge Forestar (USA) Real Estate Group Inc Page 6 of 14 IN WITNESS WHEREOF, the City and Developer have each executed this Agreement by their duly authorized signatories to be effective on the date executed by the City's Assistant City Manager. CITY OF FORT WORTH 15AA4, au.-Vh iaj�f Dana Burghdoff ( 17, 202314:13 CDT) Dana Burghdoff Assistant City Manager Jut 17, 2023 Date Recommended by: Dwayne Hollars (Jul 17, 2023 09:58 CDT) Dwayne Hollars Contract Compliance Specialist Development Services APPROVED AS TO FORM AND LEGALITY Richard A. McCracken (Jul 17, 202313:08 CDT) Richard A. McCracken Sr. Assistant City Attorney Contract Compliance Manager: By signing, I acknowledge that I am the person responsible for the monitoring and administration of this contract, including ensuring all performance and reporting requirements. City Secretary Name: Tyson Thompson, PE Title: Assistant Director DEVELOPER: Forestar (USA) Real Estate Group Inc. Ke%inin L��2ares (Jul 17, 202309:40 CDT) Name: Kevin Lazares Title: Vice President — Real Estate Investments & Development Ju117,2023 Date Future Improvements Agreement for Infrastructure Improvements River's Edge Phase 3B Bridge Forestar (USA) Real Estate Group Inc Page 7 of 14 ATTEST: x Jannette S. Goodall p aovvopR �a pORt a pad. Fo,o ,^ oho 100, do Pvo 0=0 dap41 645dp.o' OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX EXHIBIT A 4 PR OJ ECT y /j, N a LOCATION FUTURE ry PHASE 3B IL � L. j PHASE 1 PHASE 2 D.O.E. 4863 PROJECT 00772 RIVER'S EDGE - PHASE 3A - CPN 102868 MAPSCO NO. 641 R COUNCIL DISTRICT NO. 7 LIA ENGINEERING, INC. 3917 W 7TH STREET OWNER/DEVELOPER: SUITE 30O FCRESTAR (USA) REAL ESTATE GROUP INC. FORT WORTH, TX 76017 KENN LAZARES PHONE: (464)-621-0710 2221 E LAMAR BLVD, SUFE 79a ARLINGTON, TEYAS 76006 TEXAS REGISTRATION F-1366 PHONE (817) 769-1873 Future Improvements Agreement for Infrastructure Improvements River's Edge Phase 3B Bridge Forestar (USA) Real Estate Group Inc Page 8 of 14 VICINITY MAP 3G17 WW ree4'w bw .Ph— 469.621.0710 &sw 300 FortW.thj xas 76107 FRN-F1386 IMPROVEMENTS � � 3R_00 SO.a� #3.T2•� � 30WIDE PIPELINE EVENT OUT STERR GAS RIPEE l4C. C.� O.P.R, ,RG,7S6sy0 .CJ, 1 TRACT z ] 2,670 ACRES REAL ESTATE OROUP. -me-- 2014-25303 ,P.R.O.C.T. Future Improvements Agreement for Infrastructure Improvements River's Edge Phase 3B Bridge Forestar (USA) Real Estate Group Inc Page 9 of 14 EXHIBIT B RIVER'S EDGE CREEK CROSSING A- _ — , . I - S 144,760.00 B. SANITARY SEWER SYSTEM C. STORM SEWER SYSTEM 46,955.00 D. WATER DISTRIBUTION SYSTEM $ 6D,64G.00 E. STREET PAYING 674,663.00 F. RETAINING WALLS G. MISCELLANEOUS ITEMS 43,456.00 H. LANUSCAPING 9,610.00 I.DEVELOPMENT FEES $ 207,500.00 SUB -TOTAL: F1,187.586.07 25% -- s_ - 1-757.0 WOO LOT COUM: 0 COST/LOT. tF OF STREET: 470 COST) t F OF STREET- S3,200 NET OFVELOPAKE ACREAGE: 0.S5 COST j OEYELdPAKE ACRE $2.699,300 TOTAL GROSS A CREAGF: 2.25 COST/ GROSS ACRE: 5559,900 OPINION OF PROBABLE COST River's Edge °"°'" s '-IId`s FArFL 5S,M L4f DkCdOT`,4T}LAN1A4d5:—Fs_.—VaZl OTC.&&—dl AQS3 Future Improvements Agreement for Infrastructure Improvements River's Edge Phase 3B Bridge Forestar (USA) Real Estate Group Inc Page 10 of 14 RIVER'S EDGE CREEL{ CROSSING GMERAL f This estimate is based on the alignment approved with Preliminary Plat PP-19-054 and the extent of approved construction plans for Rivers Edge Phase 311i, othrrwisethis design is conceptual. 2 The tract is located within the City of Fart Word% Denton County, Texas. The tract is zoned A-5 and is located in Council District 7. 3 This tract is located in Northwest ISD- A This estimate used the current water, sewer, paving, and storm drainage design crrkeria specified by the City of Fort Worth. 5 This estimate is based on unit prices updated in February 2D21. 6 Unit prices do not reflect rock excavation- 7 Estimate does not include lard €m-� land maintenance, interest, HOA support, legal, financing, marketing, etc & Impactfees assessments<Qedits, etc. are not included it the estimate- 9 This estimate includes an allowance for geotechnical testi ng andlor reports. t0 This estimatewm prepared without the benefrtof geatechnical data far the entire site. A g eotechnical report and recommendations for R-rver+s Edge Phase 3A & 3114was produced for Forestar by Alpha in September2U19- tI This estimate does not include tree survey or tree mitigation feet t2 This estimate is bused on LTA paint datatopography. 13 The fees listed were provided by The City of Fort Worth. Procedureforcollection ofMaterial Testing and InTection Fees has changed in the City of Fort Wort to a poficythat applies a dak rate and per tESt fee. At this tine, a place holder fee amount based on a histarir percent ge of irftastrurture casts has been applied.I PRC Review fees are assessed per page of construction plans and a place holder fee based on percentage of assumed infrastructure cast has been included in this estimate. U This estimate assumes ROW dedication ftsr the future Harriet Creek read cross ng is included with Phase 3B platting. WATER f This estimate _. _ the eztermion ofthe proposed W waterline that is to be built with Rivers Edge Phase 38 construction plans (North ide IIIj. 2 This estimate -. :_ \ the waterline under the bridgem be €orrstrurted using ductile Iran pipe and require steel encasement Water line includes all fittings, tees, crosses, etc- 4 Fire hydrant assembly includes all frttings, tees and vahres. 9 Assumes all water lines are Less than 10' deep. 6 This estimate does not nr►rde cost to remove and relocate existing water lines. 7 Meter installatonfimpactfees arenot induded. STORM DRAINAGE t Additional grade -to -drain quantities may be required based on final design. 2 This estimate uses iS%hW values for rational method inputs to generate pre- and post-developrnew flows. C = G..67 (ResidentiaB 3 This estimate does not include any cast for the enlargement. reconstruction, or' - - - _ . of arty off -site drainage structures or ponds. GRADING J Additional erosion control may be required. PAVING l This estimate is based on the folowiw3 street sections: 59 ROW 29' B-B, fi reinforced concrete with 6' lime subgrade (section has a S' crown} 2 Lime subgrade of 35 Ibfsy is assumed- 3 Estimate does not include median paving and{or pavers - a All sidewalk is assumed) to be 5—in width. 5 Estimate does not include road sgnal¢atiorE Additional pavement markings and traffic signs may also be required. 6 Bridge component assumed to include bridge dent (superstru€tumk abutmer% piers, approach slab, railngs, scour protection, and bonds required in construct 9C of the ultirnadm bridge sertian. Ody€osts located with in the River's Edge property boundary have been included - MISCELLANEOUS t Street lights are spaced at a maximum of 2♦10'. 2 Franchise utilRy installation cost andlor relocation is not indudled Future Improvements Agreement for Infrastructure Improvements River's Edge Phase 3B Bridge Forestar (USA) Real Estate Group Inc Page 11 of 14 RIVER'S EASE CREEK GROSSING A- EXCAVATION CLEARING AND GRUBBING ACRE $1,D10.00 1_ $1,a1aAa MOBILIZATION LS S2,DDO.00 1_ S2.DD0.00 PROCESS 3A & 3B UTILIWALL SPOILS CY $1.51) 19500. $2!Lzw o IMPORT FILL MATERIAL CY S15.01) 7500_ $112.5M.01) TOTAL EXUVATION f 144.760-00 B_ SAN ITARY SEWER SYSTEM TOTAL SANITARY SEWER SYSTEM 000 LLLLLLLLLLL� r C. STORM SEWER SYSTEM 21-RCP LF W.Ga 7& P-150A0 27- RCP LF S90.00 135_ MIS000 19 INLET -:4 $�60a.0a 2 $71?J00A0 27-HEADWALL -:4 S2.6M.0a 1_ $z60000 INLET PROTECTION -:4 S2DO.00 2 U00M RELOCATE21' HEADWALL EA $1,750.01) 1_ $1175000 24' ROCK RI PRAP SY $09.00 150_ $13350A0 GRADE TO DRAIN CY $15.00 250_ $3,750A0 TRENCH SAFETY LF $1.00 20S_ $21)SM BONDS PERCENT 2.0% $ 4595520 TOTAL STORK. —..: , -� s : 1, $ ❑_ WATER DISTRIBUTION SYSTEM S' GATE VALVE & BOX EA $125D.DD 1_ $1250M FIRE HYDRANT ASSEMBLY EA $3,B9D.DD 1_ $3,89d0o R' PVC WATERLINE LF $W.SD 400_ $16,200M R' DUCTILE IRON WATERLINE LF S75.00 w $6.omm 20' STEEL ENCASEMENT BY OPEN CUT LF $22D.DD 811 $17A800.CID CONNECT TO EXISTING WATER LINE EA $1.DDD.DD 1. $101(m RIPRAP ARMORING AT CREEK CROSSING EA $1 DW.DD 1_ $120M TRENCH SAFETY LF $1.00 4W $4B0-00 TESTING (EXCLUDING GEOTECHI LF $1.50 4W $720M BONDS PERCENT 2.0% $ Skow.00 $150m TOTAL WATER._ ,_ _ $ 60.640.00 OPINION OF PROBABLE COST River's Ed Prerleek Grossing F7.TFL aSNTX LAN7y0007VW LAN UWS Ei Ei:�12021,OT C&&Cr—dr%jy10531G OLnk1)09wrf 61jF:lYiL C..&r h. Future Improvements Agreement for Infrastructure Improvements River's Edge Phase 3B Bridge Forestar (USA) Real Estate Group Inc Page 12 of 14 ox 3— ❑.—W 21, 2D21 rows RIVER'S EDGE [REEK CROSSING E. STREET PAYING 6'REINF-CONCRETESTREEFPAVEMENT Sy $35.00 Vw. $56oU0o0 6' SUBGRADE PREPARATION Sy $2.7D 1,700 $4 r�90a0 HYDRATED LIME TON $163.04 31. $505300 4 CONCRETE SIDEWALK LF $3D.00 930L $27-qOOA0 REMOVE SIDEWALK SF $3.0D Ift $54M SASYCUT & REMOVE EXISTING CURB LF M.DD 60- $1ASOM BONDS PERCENT 2.0% $ 95,163.00 $2,ONM BRIDGE BRIDGE SF $150.00 3,6W $-Qlaowbo BRIDGEAPPROACII SLAB LF SIGNAGE AND STRIPING L5 CRASH -RATED BARRI ER LF GUARDRAIL LF BONDS PERCENT SUS- TOTAL BRODGE TOTAL STREET PAVING R RETAINING, WA L LS TOTAL RETAINING SMALLS G- M ISCELLANEOU5 ITEMS $20.00 20. $s oao ao $S,DDD.OD 1_ $S,U00_U0 $50.DD 220. $110MM $S4.00 100- $SOUOoO 20% $ SKODD.UO $11-1AB0UO $577,02 00 S 674.663-00 EROSION CONTROL SILT FENCE LF $1.90 800- $152 GEOGRID REINFORCEMENT SF $0.75 10AM $744110Oo CURLER LF $1.10 580 $638M CONSTRUCTION ENTRANCE EA MODAL 1_ $2.060-a0 SSYPPP & MONITORING LS $5,DDO.00 1- $5.006-a0 TREE PROTECTION TREE PROTECTION FENCING LF $1D.OD 350 $34110o0 STREET LIGHTS STREET LIGHT EA $3,52D.OD 3- $10-51OAO 4' ELECTRIC CONDUIT LF $12.00 1AM W24000 BONDS PERCENT 20% $ 22,8D0.01) $5000o TOTAL MISCELLANEOUS ITEM $ 43,4SE-00 H. LANDSCAPING HYDROMULCH [NO IRRIGATION} SF $0.10 6QOO4. $kowbo BLOCK SOD PLACEMENT Sy $2.00 570 $1,140-00 TOPSOIL cy $26.00 9& $Z470.00 TOTAL LANDSCAPING $ 9,610-DO OTC Ow 0-bu 21, D21 OPINION OF PROBABLE COST River's Edge Creek Cro 1a15 FATH- R,KrrXLNUVA0]\43- LAN LW5'— E'er,—. ,2a21.01 CruC:l[ Ir4lyW5.3 ME OM—,,wr, Edg. L..k Future Improvements Agreement for Infrastructure Improvements River's Edge Phase 3B Bridge Forestar (USA) Real Estate Group Inc Page 13 of 14 RIVER'S EDGE CREEK CROSSING L DEVELOPMENT FEES WATER INSPECTION & TESTING FEE PAVING INSPECTION & TESTING FEE DRAINAGE INSPECTION &TESTING FEE STREET LIGHT INSPECTION FEE IPRC PLAN REVIEW FEE l&E, 0 WATER STUDY _ � : _ . 3 , IRVEYING FLOOD STUDY/LOMRICLOMR & TESTING MUNICIPALITY & JURISDICTIONAL FEES PERCENT PERCENT PERCENT PERCENT PERCENT PROFESSIONAL FEES LS LS LS LS 4.0% $ 60.640.D0 P-5013110 6.0% $ 674,663.00 wo 50o_00 6.0% $ 46.955.00 3,000-00 2.0% $ 22.800.00 $500110 1.5% $ BDS,058.131) S1?-0o-00 U.004.00 1- $B.oxm $98.000.00 1- $96.OMM 130.000.00 1_ $3RDIX100 $12 500.00 1- S1a++-1 $ 2o7,S0 h _ - , , - $ 144,760A0 8- SANITARY SEWER SYSTEM $ C. STORM SEWER SYSTEM $ 46,955.o0 D. WATER DISTRIBUTION SYSTEM $ 60,640.00 E. STREET PAVING $ 674,6HJM F. RETAINING WALLS $ G_MISCELLANEOUS ITEMS $ 43A-S&W FL LANDSCAPING $ 9,61000 I. DEVELOPMENT FEES $ 207S00Ad SUB -TOTAL S 1,187.586L10 0 VEFL4tL 25% $297.0W.00 LOTCOUNT.' COSTILOT: !F OF STREET 470. COST{LF OF STREET: s3200 NET DEVEtOPABLEACREAGE 0.55 COSTIDEVELOPA18LEACRE #Z685300 TOTAt GROSSACRE4GE: 2.25 COSTIGROSSACRE, $559.900 OPINION OF PROBABLE COST Rnrer's Edge Cr OPC Eau D.a ", 21, W21�«s�� PATH- RWa L wdAoDujVw IANQ�65 Cffi E 7-07 €..& oft wwl� 3 Y6 oft p— Future Improvements Agreement for Infrastructure Improvements River's Edge Phase 3B Bridge Forestar (USA) Real Estate Group Inc Page 14 of 14