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HomeMy WebLinkAboutContract 60389CSCO NO. 60389 TRANSPORTATION IMPACT FEE CREDIT AGREEMENT THIS TRANSPORTATION IMPACT FEE CREDIT AGREEMENT (the "Agreement") is made and entered into effective as of the Effective Date (as defined below), by and among THE CITY OF FORT WORTH, TEXAS (the "City"), a Texas home rule municipal corporation, and HPC Wellington Nance Development Corporation, a Texas corporation authorized to do business in Texas (the "Owner") (the City and the Owner a "Party", and collectively, the "Parries"). RECITALS WHEREAS, the Owner is the owner of approximately 324.532 acres in Tarrant County, Texas, as described by metes and bounds in Exhibit "A" (the "Property") located within the corporate boundaries of the City. A map of the Property showing its location is attached hereto as Exhibit "B"; and WHEREAS, the Owner desires to proceed with development of the Property as described or illustrated on the Development Plan, attached hereto as Exhibit "C" which identifies the on -site and/or off -site transportation facilities necessary for serving full development of the Property; and WHEREAS, the City has adopted a Transportation Impact Fee program pursuant to Texas Local Government Code Chapter 395, codified in City Code Chapter 30, Article VIII, et seq., as amended, under which impact fees are imposed on new development for impacts to the City's transportation facilities as a result of said development; and WHEREAS, transportation impact fees are collected and must be spent by the City on impact fee eligible transportation facilities identified within the City's adopted Transportation Improvements Plan ("TIP"), as amended, within the service area(s) in which the new development is located; and WHEREAS, the Impact Fee Program provides for credits against impact fees for dedication of right-of-way and/or construction of transportation improvements identified as impact fee eligible on the adopted TIP; and WHEREAS, the Property is located within service area B; and WHEREAS, the City has determined the maximum transportation impact fees to be assessed against new development within service area B to be $3,128 per service unit (vehicle -miles of demand); and WHEREAS, certain transportation facilities depicted on Exhibit "D" are identified as impact fee eligible within the City's adopted TIP and therefore eligible for impact fee credit; and WHEREAS, Owner has provided funds in a future improvement agreement for transportation improvements shown on Exhibit "D" for which credits against transportation impact fees shall be granted; and OFFICIAL RECORD Transportation Impact Fee Credit Agreement - CA-23-003 CITY SECRETARY Wellington Area 3 Updal FT. WORTH, Tx WHEREAS, the owner has received preliminary plat approval for Wellington Area 3, PP- 21-007, and WHEREAS, the Owner has received approval for the future improvement agreement, and executed a Community Facilities Agreement (CFA23-0073), deposited the funds with the city and executed the Future Improvement Agreement (City Secretary Contract Number 59786) July 20, 2023. NOW, THEREFORE, for and in consideration of the mutual agreements, covenants, and conditions contained herein, and other good and valuable consideration, the City and the Owner hereby covenant and agree as follows: 1. Recitals. The recitals contained in this Agreement are true and correct as of the Effective Date and form the basis upon which the Parties negotiated and entered into this Agreement. 2. Transportation Improvements. Owner has paid the future improvement funds to construct the system facility identified in Exhibit "D". For any transportation improvement which has been previously dedicated or constructed by Owner on the Property and accepted by the City prior to execution of this Agreement, the improvement shall be identified as completed on Exhibit "D» 3. Credits. The Parties agree that the estimated value of the credits for each transportation improvement, expressed in current dollars, shall be as set forth in Exhibit "E". The value of credits associated with the improvements first shall be reduced by the Schedule 2 impact fee associated with any lot for which a building permit has previously been issued, and the net value of credits shown on Exhibit "E" shall be considered as exact. 4. Pha�sin. The Parties acknowledge that, where it is anticipated that the project will be developed in phases, the anticipated construction of improvements by phase shall be as depicted in Exhibit "C", which is attached hereto and incorporated herein by reference. 5. Allocation of Credits by Phase. The general allocation of credits to each phase of the development shall be as shown on Exhibit "F", which is attached hereto and incorporated herein by reference. The Parties agree that the credits identified in this Agreement shall not be deemed to have been created until the system facility for which credit is to be granted has been dedicated and accepted (in the case of right-of-way) or constructed through an executed Community Facilities Agreement and final acceptance by the City has been obtained. The Parties further agree that, prior to the application of a credit against transportation impact fees otherwise due for any unit of development; the following events shall take place: (a) The number of credits resulting from such improvement has been valued; and (b) Concurrent with final plat approval, a credit allocation shall be provided by the developer for the phase of development to which the credit is to be applied, which allocation may either assign the credit, expressed in dollars, to each finally platted lot or may create a credit -pool to be utilized by that phase of development. 6. Term and Effective Date. The term of this Agreement shall be ten (10) years from its Effective Date. Transportation Impact Fee Credit Agreement-CA-23-003 Page 2 of 14 Wellington Area 3 Updated 10/26/2023 7. Assignment. Owner shall have the right to assign this Agreement to any person or entity ("Owner's Assignee") with the written consent of the City, provided: (a) the assignment is in writing executed by the Owner and its assignee; and (b) the assignment incorporates this Agreement by reference and binds the Owner's Assignee to perform (to the extent of the obligations assigned) in accordance with this Agreement. Each Owner's Assignee shall become a Party to this Agreement upon the execution of such assignment. In no event may this Agreement be construed to authorize assignment of any credits attributable to a system facility to be dedicated or constructed hereunder for use outside the boundaries of the Property. Amendment. This Agreement shall not be modified or amended except as follows: (a) Any amendment or modification to this Agreement or any Exhibit or schedule hereto shall be in writing and signed by the Parties. (b) Any revision, amendment, or modification to this Agreement, the Development Plan, or any Exhibit or schedule thereto, shall become effective on the date executed by the Parties or, as applicable, upon the date of approval by the City Council or designated city official. 9. Exhibits. The exhibits attached to this Agreement are incorporated as part of this Agreement for all purposes as if set forth in full in the body of this Agreement. (Remainder of Page Intentionally Left Blank) Transportation Impact Fee Credit Agreement-CA-23-003 Page 3 of 14 Wellington Area 3 Updated 10/26/2023 IN WITNESS WHEREOF, the undersigned parties have executed this Agreement to be effective as of the date subscribed by the City's Assistant City Manager. CITY OF FORT WORTH, TEXAS Dana BuraG7doff Dana Burghdoff (Oct 3 ,202319:03 CDT) OWNER HPC Wellington Nance Development Corp. a Texas corporation Dana Burghdoff Ben Luedtke Assistant City Manager Executive Vice President Date: October 31, 2023 Recommended By: Y �Q DJ Harrell (Oct 30, 202312:07 CDT) DJ Harrell Director, Development Services Approved as to Form and Legality: l DBlack (Oct 31, 202315 55 CDT) Douglas Black Assistant City Attorney M&C: None required Form 1295: None required ATTEST: n FORTnIl4d oh,'p9-Id tie =0. �fi,nr+�A. /� �Sta 2u Qaaynrex 4sa Jannette Goodall City Secretary City 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. J ifer Rob s (Oct 27, 2023 1� 5:14 CDT) Jennifer Roberts Assistant Director, Development Coordination Development Services Department OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX Transportation Impact Fee Credit Agreement-CA-23-003 Page 4 of 14 Wellington Area 3 Updated 10/26/2023 EXHIBIT LIST "A" Description of the Property "B" Map of Property "C" Development Plan "D" Eligible Transportation Improvements "E" Credits Against Transportation Impact Fees "F" Allocation of Credits Transportation Impact Fee Credit Agreement-CA-23-003 Page 5 of 14 Wellington Area 3 Updated 10/26/2023 EXHIBIT A Description of Property per PP-21-007 LEGAL DESCRIPTION 324.532 ACRES BEING A 324.532 ACRE TRACT OF LAND SITUATED IN THE MEP & PRR CO. SURVEY, ABSTRACT NO. 1109, AND THE MEP & PRR CO. SURVEY, ABSTRACT NO. 1111, CITY OF FORT WORTH, TARRANT COUNTY, TEXAS, AND BEING PART OF A CALLED 339.28 ACRE TRACT OF LAND, CONVEYED TO DAVID NANCE, AS RECORDED IN REFERENCE DOCUMENT VOLUME 4154, PAGE 514, DEED RECORDS, TARRANT COUNTY, TEXAS, PART OF A 5.0 ACRE TRACT OF LAND CONVEYED TO DAVID E. NANCE AND BARBARA A. NANCE, AS RECORDED IN VOLUME 8715, PAGE 1572, DEED RECORDS TARRANT COUNTY, TEXAS, ALL OF THE REMAINDER OF A 5.0 ACRE TRACT OF LAND CONVEYED TO DAVID E, NANCE AND BARBARA A. NANCE, AS RECORDED IN VOLUME 9928, PAGE 1090, DEED RECORDS, TARRANT COUNTY, TEXAS, ALL OF A 5.0 ACRE TRACT OF LAND CONVEYED TO DAVID E. NANCE AND BARBARA A. NANCE, AS RECORDED IN VOLUME 10303, PAGE 1298, DEED RECORDS TARRANT COUNTY, TEXAS, ALL OF A 5.0 ACRE TRACT OF LAND CONVEYED TO DAVID E. NANCE AND BARBARA A. NANCE, AS RECORDED IN VOLUME 8997, PAGE 630, DEED RECORDS TARRANT COUNTY, TEXAS, ALL OF A 5.0 ACRE TRACT OF LAND CONVEYED TO DAVID E. NANCE AND BARBARA A. NANCE, AS RECORDED IN VOLUME 10511. PAGE 2135, DEED RECORDS TARRANT COUNTY, TEXAS, AND ALL OF A 5.0 ACRE TRACT OF LAND CONVEYED TO DAVID E. NANCE AND BARBARA A. NANCE, AS RECORDED IN VOLUME 9274, PAGE 2378, DEED RECORDS TARRANT COUNTY, TEXAS. SAID 324.532 ACRE TRACT, WITH BEARING BASIS IS GRID NORTH, TEXAS STATE PLANE COORDINATES, NORTH CENTRAL ZONE NAD83, (CORS96, EPOCH DATE 2002), DETERMINED BY GPS OBSERVATIONS ON JULIAN DAY 253, 2004 CALCULATED FROM ARLINGTON RRP2 COBS ARP (PID—DF5387), AND DENTON CORS ARP (PID—DF8986), BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING AT A 1/2" IRON ROD WITH CAP FOUND FOR THE NORTHWEST CORNER OF SAID 339.28 ACRE TRACT AND A COMMON EXTERIOR ELL CORNER OF AN 82.726 ACRE TRACT OF ACRE TRACT OF LAND CONVEYED TO KNOX STREET PARTNERS NO. 14, LTD, A5 RECORDED IN COUNTY CLERK'S FILE NO, D215257357, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS. SAID POINT BEING ON THE EAST LINE OF A 462.9 ACRE TRACT OF LAND CONVEYED TO VAN ZANDT JARVIS WILLIAMS AND VICKI LENORE WILLIAMS, TRUSTEES OF THE VAN ZANDT JARVIS WILLIAMS AND VICKI LENORE WILLIAMS FAMILY REVOCABLE TRUST, AS RECORDED IN COUNTY CLERK'S FILE NO. D207198662, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS, THENCE, NORTH 89 DEGREES 48 MINUTES 44 SECONDS EAST, ALONG THE NORTH LINE OF SAID 339.28 ACRE TRACT AND THE COMMON SOUTH LINE OF SAID 82.726 ACRE TRACT, THE SOUTH LINE OF THE REMAINDER OF A 42.419 ACRE TRACT OF LAND CONVEYED TO HPC WELLINGTON SOUTH DEVELOPMENT CORPORATION, AS RECORDED IN COUNTY CLERK'S FILE NO. D215257355, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS, AND THE SOUTH LINE OF THE REMAINDER OF A 31.684 ACRE TRACT OF LAND CONVEYED TO KNOX STREET PARTNERS, NO. 14. LTD., AS RECORDED IN COUNTY CLERK'S FILE NO. D215257357, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS, A DISTANCE OF 2812.95 FEET TO A 5/8" IRON ROD WITH CAP STAMPED "T THOMPSON RPLS 1237" FOUND FOR THE NORTHWEST CORNER OF A 4.383 ACRE TRACT OF LAND CONVEYED TO PHILLIP A. NORRIS AND WIFE, TERESA K. NORRIS, AS RECORDED IN COUNTY CLERK'S FILE NO. D203303067, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS. SAID POINT BEING ON THE NORTH LINE OF AFORESAID 5.0 ACRE NANCE (VOL 9928. PAGE 1090) TRACT: Transportation Impact Fee Credit Agreement-CA-23-003 Page 6 of 14 Wellington Area 3 Updated 10/26/2023 THENCE, SOUTH 00 DEGREES 20 MINUTES 16 SECONDS EAST, OVER AND ACROSS SAID 5.0 ACME NANCE TRACT AND ALONG WEST LINE OF SAID 4.383 ACRE TRACT, A DISTANCE OF 310.00 FEET TO A 2" METAL FENCE CORNER POST FOUND FOR THE SOUTHWEST CORNER OF SAID 4.383 ACRE TRACT; THENCE, NORTH 89 DEGREES 48 MINUTES 44 SECONDS EAST, CONTINUING OVER AND ACROSS SAID 5.0 ACRE NANCE TRACT AND OVER AND ACROSS AFORESAID 5.0 ACRE NANCE (VOL, 8715, PAGE 1572) TRACT, ALONG THE THE SOUTH LINE OF SAID 4.383 ACRE TRACT, A DISTANCE OF 898.34 FEET TO A 2" METAL FENCE POST FOUND FOR THE SOUTHEAST CORNER OF SAID 4.383 ACRE TRACT, SAID POINT BEING ON THE EAST LINE OF SAID 5.0 ACRE NANCE (VOL 8715, PAGE 1572) TRACT AND THE COMMON WEST RIGHT-OF-WAY LINE OF SAID WILLOW SPRINGS ROAD, (A VARIABLE WIDTH RIGHT-OF-WAY); THENCE, SOUTH 00 DEGREES 30 MINUTES 48 SECONDS EAST, ALONG THE EAST LINES OF THE FOLLOWING 5.0 ACRE NANCE TRACTS (VOL. 8715. PAGE 1572, AFORESAID VOL. 8997, PAGE 630, AND AFORESAID VOL. 9274, PAGE 2378) AND THE EAST LINE OF AFORESAID 339.28 ACRE TRACT, AND SAID WEST RIGHT-OF-WAY LINE, A DISTANCE OF 4914,10 FEET TO A FENCE POST FOUND FOR THE SOUTHEAST CORNER OF SAID 339,28 ACRE TRACT. SAID POINT BEING AT THE INTERSECTION OF SAID WEST RIGHT-OF-WAY LINE AND THE NORTH RIGHT-OF-WAY LINE OF WEST BONDS RANCH ROAD, (A VARIABLE WIDTH RIGHT-OF-WAY); THENCE, ALONG THE SOUTH LINE OF SAID 339.28 ACRE TRACT AND SAID NORTH RIGHT-OF-WAY LINE, THE FOLLOWING COURSES AND DISTANCES. SOUTH 89 DEGREES 49 MINUTES 28 SECONDS WEST, A DISTANCE OF 43.85 FEET TO A POINT FOR CORNER; SOUTH 89 DEGREES 40 MINUTES 59 SECONDS WEST, A DISTANCE OF 2559.15 FEET TO A 1/2' IRON ROD FOUND FOR THE SOUTHWEST CORNER OF SAID 339.28 ACRE TRACT AND THE COMMON SOUTHEAST CORNER OF LOT 1, BLOCK 1 OF SUN VALLEY ESTATES, AN ADDITION TO THE CITY OF FORT WORTH, AS RECORDED IN COUNTY CLERK'S FILE NO. D198087255, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS; THENCE, NORTH 00 DEGREES 47 MINUTES 30 SECONDS WEST, ALONG THE WEST LINE OF SAID 339.28 ACRE TRACT, AND THE COMMON EAST LINE OF SAID SUN VALLEY ESTATES, AND THE EAST LINE OF SUN VALLEY ESTATES, AN ADDITION TO THE CITY OF FORT WORTH, AS RECORDED IN COUNTY CLERKS FILE NO, D199319137, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS, A DISTANCE OF 4543.06 FEET TO A 1/2" IRON ROD FOUND FOR AN INTERIOR ELL CORNER OF SAID 339.28 ACRE TRACT AND THE COMMON NORTHEAST CORNER OF SAID SUN VALLEY ESTATES; THENCE, SOUTH 89 DEGREES 47 MINUTES 35 SECONDS WEST, ALONG A SOUTH LINE OF SAID 339.28 ACRE TRACT AND THE COMMON NORTH LINE OF SAID SUN VALLEY ESTATES, A DISTANCE OF 1080.46 FEET TO A 1/2" IRON ROD FOUND FOR AN EXTERIOR ELL CORNER OF SAID 339.28 ACRE TRACT AND THE COMMON NORTHWEST CORNER OF SAID SUN VALLEY ESTATES. SAID POINT BEING ON THE EAST LINE OF AFORESAID 462.9 ACRE TRACT; THENCE, NORTH 00 DEGREES 54 MINUTES 46 SECONDS WEST, ALONG THE WEST LINE OF SAID 339.28 ACRE TRACT AND THE COMMON EAST LINE OF SAID 462.9 ACRE TRACT, A DISTANCE OF 687.39 TO THE POINT OF BEGINNING AND CONTAINING A CALCULATED AREA OF 14,136,631 SQUARE FEET OR 324.532 ACRES OF LAND. Transportation Impact Fee Credit Agreement-CA-23-003 Page 7 of 14 Wellington Area 3 Updated 10/26/2023 THENCE, SOUTH 00 DEGREES 20 MINUTES 16 SECONDS EAST, OVER AND ACROSS SAID 5.0 ACRE NANCE TRACT AND ALONG WEST LINE OF SAID 4.383 ACRE TRACT, A DISTANCE OF 310.00 FEET TO A 2" METAL FENCE CORNER POST FOUND FOR THE SOUTHWEST CORNER OF SAID 4.383 ACRE TRACT; THENCE, NORTH 89 DEGREES 48 MINUTES 44 SECONDS EAST, CONTINUING OVER AND ACROSS SAID 5.0 ACRE NANCE TRACT AND OVER AND ACROSS AFORESAID 5.0 ACRE NANCE (VOL. 8715, PAGE 1572) TRACT, ALONG THE THE SOUTH LINE OF SAID 4.383 ACRE TRACT, A DISTANCE OF 898.34 FEET TO A 2" METAL FENCE POST FOUND FOR THE SOUTHEAST CORNER OF SAID 4.383 ACRF TRACT. SAID POINT BEING ON THE FAST LINE OF SAID 5.0 ACRE NANCE (VOL 8715, PAGE 1572) TRACT AND THE COMMON WEST RIGHT-OF-WAY LINE OF SAID WILLOW SPRINGS ROAD, (A VARIABLE WIDTH RIGHT-OF-WAY); THENCE, SOUTH 00 DEGREES 30 MINUTES 48 SECONDS EAST, ALONG THE EAST LINES OF THE FOLLOWING 5.0 ACRE NANCE TRACTS (VOL, 8715, PAGE 1572, AFORESAID VOL. 8997, PAGE 630, AND AFORESAID VOL. 9274, PAGE 2378) AND THE EAST LINE OF AFORESAID 339.28 ACRE TRACT, AND SAID WEST RIGHT-OF-WAY LINE, A DISTANCE OF 4914.10 FEET TO A FENCE POST FOUND FOR THE SOUTHEAST CORNER OF SAID 339,28 ACRE TRACT. SAID POINT BEING AT THE INTERSECTION OF SAID WEST RIGHT-OF-WAY LINE AND THE NORTH RIGHT-OF-WAY LINE OF WEST BONDS RANCH ROAD, (A VARIABLE WIDTH RIGHT-OF-WAY); THENCE, ALONG THE SOUTH LINE OF SAID 339.28 ACRE TRACT AND SAID NORTH RIGHT-OF-WAY LINE, THE FOLLOWING COURSES AND DISTANCES: SOUTH 89 DEGREES 49 MINUTES 28 SECONDS WEST, A DISTANCE OF 43.85 FEET TO A POINT FOR CORNER; SOUTH 89 DEGREES 40 MINUTES 59 SECONDS WEST, A DISTANCE OF 2559.15 FEET TO A 1/2" IRON ROD FOUND FOR THE SOUTHWEST CORNER OF SAID 339.28 ACRE TRACT AND THE COMMON SOUTHEAST CORNER OF LOT 1, BLOCK 1 OF SUN VALLEY ESTATES, AN ADDITION TO THE CITY OF FORT WORTH, AS RECORDED IN COUNTY CLERK'S FILE NO. D198087255, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS; THENCE, NORTH 00 DEGREES 47 MINUTES 30 SECONDS WEST, ALONG THE WEST LINE OF SAID 339.28 ACRE TRACT, AND THE COMMON EAST LINE OF SAID SUN VALLEY ESTATES, AND THE EAST LINE OF SUN VALLEY ESTATES, AN ADDITION TO THE CITY OF FORT WORTH, AS RECORDED IN COUNTY CLERK'S FILE NO. D199319137, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS, A DISTANCE OF 4543.06 FEET TO A 1/2" IRON ROD FOUND FOR AN INTERIOR ELL CORNER OF SAID 339.28 ACRE TRACT AND THE COMMON NORTHEAST CORNER OF SAID SUN VALLEY ESTATES; THENCE, SOUTH 89 DEGREES 47 MINUTES 35 SECONDS WEST, ALONG A SOUTH LINE OF SAID 339.28 ACRE TRACT AND THE COMMON NORTH LINE OF SAID SUN VALLEY ESTATES, A DISTANCE OF 1080.46 FEET TO A 1/2" IRON ROD FOUND FOR AN EXTERIOR ELL CORNER OF SAID 339.28 ACRE TRACT AND THE COMMON NORTHWEST CORNER OF SAID SUN VALLEY ESTATES. SAID POINT BEING ON THE EAST LINE OF AFORESAID 462.9 ACRE TRACT; THENCE, NORTH DO DEGREES 54 MINUTES 46 SECONDS WEST, ALONG THE WEST LINE OF SAID 339.28 ACRE TRACT AND THE COMMON EAST LINE OF SAID 462.9 ACRE TRACT, A DISTANCE OF 687.39 TO THE POINT OF BEGINNING AND CONTAINING A CALCULATED AREA OF 14,136,631 SQUARE FEET OR 324.532 ACRES OF LAND. Transportation Impact Fee Credit Agreement-CA-23-003 Page 8 of 14 Wellington Area 3 Updated 10/26/2023 EXHIBIT B N1411►111L'S11�1I MAPSCO NO. 19P & 19I Transportation Impact Fee Credit Agreement-CA-23-003 Page 9 of 14 Wellington Area 3 Updated 10/26/2023 EXHIBIT C Development Plan Leo®ea Leo®ee ===Mom MMOOM ®®a®em oom oom m©® mom mom mom mmra-� mmc>A ©o© oom mm�-rr mor¢' �orsa ow® 00o rm�om r�on oom omrett mri om® mm m©m oom Cf®m Q1�m ©orz>t oom ©rirna� ma-i� ©o© �ernar� na oom now VICINITY MAP w — z'"`ra"°:e�."w �"�v�o��,�a m,•a eom�,cnn O6 ENGINEER DEVELOERS& OWN9urn�w PFEiiMfNARY PHASING PLAN WEWNGTON AREA LJAENOINEERINO �•;`""��.�"�.,� �xn�s:::,. rz.w�,aw �,�s ni risk,.-� ••m••••• t�-•,•a^ $ rAu Pxrrx � � � .eaer� xa� Transportation Impact Fee Credit Agreement-CA-23-003 Page 10 of 14 Wellington Area 3 Updated 10/26/2023 Development Plan Transportation Impact Fee Credit Agreement-CA-23-003 Page 11 of 14 Wellington Area 3 Updated 10/26/2023 BLUE MOUND O x u 0 w z 0 3 x U r EXHIBIT D Transportation Improvements O . SEBMGHT 8L w L r Eligible Improvements EXHIBIT D Wellington Nance 'Eligibte for Credit Against Transportation Impact Fees Future IrnprDwment JAgreBmenl FoRTWavm cc MW EAGLE GL�F.., y# W�kSSEi � I- IMF -k- .I -. cu�srgk��r� . �iRfSA ORES J TWISPNG WINS 9A81£ET;VlLLO'�Y U. a.. S` �$ MEADOW G±t.ST C z a L to k s fi2�ta!-7� 1?dL'2'7-i Willow Springs Future ImprovementAgreement CSC 59786 Bonds ftanEh Road Future Improvement Agreement CSC 59786 Intersection 9onds ganch Rd. g Willow Springs Rd. future Improvement Agreement CSC() 59789 � ,, . Transportation Impact Fee Credit Agreement-CA-23-003 Page 12 of 14 Wellington Area 3 Updated 10/26/2023 EXHIBIT E Credits Against Transportation Impact Fees Wellington Nance Transportation Impact Fee Credit Overview Value of Future Improvement Agreement City Secretary # CFA/FIA# Eligible Arterial(s) Value 59786 CFA23-0073 Willow Springs Rd $2,999,015.98 Bonds Ranch Rd Intersection of Willow Springs & Bonds Ranch Total Future Improvement Agreement Credit $2,999,015.98 Total Transportation Impact Fee Credit $2,999,015.98 Transportation Impact Fee Credit Applied to Date $0.00 Total Transportation Impact Fee Credit Applied to Date $0.00 Net Transportation Impact Fee Credit Remaining $2,999,015.98 Transportation Impact Fee Credit Agreement-CA-23-003 Page 13 of 14 Wellington Area 3 Updated 10/26/2023 M EXHIBIT F Allocation of Credits Specific Allocation as shown below within the boundaries of PP-21-073 k ra,, a Haan. awO&Z z� pprai 85 I.hTS 0 S7_2it o-4 MR t4M.e52.80 — "I r MOM 121:. .. Hift 0ii� v �o o �dK3 o � o o o o �� � o ONE3s� s ohm ..� v � v a om �� Oa 01 v i ■f_ tJ i 01NK3 MIM R.9 =fin i ��� by MYYY M CHEER +l14CAMCMl EXHINf Transportation Impact Fee Credit Agreement-CA-23-003 Page 14 of 14 Wellington Area 3 Updated 10/26/2023