HomeMy WebLinkAboutContract 60445City of Fort Worth, Texas Page 1 of 31
Standard Community Facilities Agreement
Rev. 9/21
Received Date: _______________
Received Time: _______________
Developer and Project Information Cover Sheet:
Developer Company Name: FG Aledo Development, LLC
Address, State, Zip Code: 3045 Lackland, Fort Worth TX 76116
Phone & Email: kgill@sableholdings.com | 817-732-2291
Authorized Signatory, Title: Kill Gill, President
Project Name: Morningstar Section 1 Phase 1
Brief Description: Water, Sewer, Paving, Storm Drain, and Streetlight
Project Location: Westpoint Blvd. and N. Indigo Sky Dr.
Plat Case Number: None provided Plat Name: None provided
Mapsco: 710 Z and 711
W
Council District: 3
CFA Number: 23-0145 City Project Number: CPN 104638 | IPRC23-0065
City of Fort Worth, Texas
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Standard Community Facilities Agreement
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City Contract Number: _______________________
STANDARD COMMUNITY FACILITIES AGREEMENT
This COMMUNITY FACILITIES 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 FG Aledo Development, LLC
(“Developer”), 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 constructing private improvements or subdividing land within the
corporate limits of Fort Worth, Texas or its extraterritorial jurisdiction, for a project known as Morningstar
Section 1 Phase 1 (“Project”); and
WHEREAS, the City desires to ensure that all developments are adequately served by public
infrastructure and that the public infrastructure is constructed according to City standards; and
WHEREAS, as a condition of approval of the Project, Developer is required to bear a portion of
the costs of municipal infrastructure by constructing the public infrastructure necessary for the Project as
described in this Agreement (“Community Facilities” or “Improvements”); and
WHEREAS, as a condition of approval of the Project, Developer is required to meet the additional
obligations contained in this Agreement, and Developer may be required to make dedications of land, pay
fees or construction costs, or meet other obligations that are not a part of this Agreement; and
WHEREAS, the City is not participating in the cost of the Improvements or Project; and
WHEREAS, the Developer and the City desire to enter into this Agreement in connection with
the collective Improvements for the Project;
NOW, THEREFORE, for and in consideration of the covenants and conditions contained herein,
the City and the Developer do hereby agree as follows:
1.
CFA Ordinance
The Community Facilities Agreements Ordinance (“CFA Ordinance”), as amended, is incorporated
into this Agreement by reference, as if it was fully set out herein. Developer agrees to comply with all
provisions of the CFA Ordinance in the performance of Developer’s duties and obligations pursuant to this
Agreement and to cause all contractors hired by Developer to comply with the CFA Ordinance in
connection with the work performed by the contractors. If a conflict exists between the terms and conditions
of this Agreement and the CFA Ordinance, the CFA Ordinance shall control.
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2.
Incorporation of Engineering Plans
The engineering plans for the Improvements that have been approved by the City (“Engineering
Plans”) are incorporated into this Agreement by reference as if fully set out herein. Developer shall provide
at its expense, unless otherwise agreed to by City, all engineering drawings and documents necessary to
construct the Improvements required by this Agreement.
3.
Description of Improvements; Exhibits and Attachments
The following exhibits describe the general location, nature and extent of the Improvements that
are the subject of this Agreement and are attached hereto and incorporated herein by reference:
Exhibit A: Water
Exhibit A-1: Sewer
Exhibit B: Paving
Exhibit B-1: Storm Drain
Exhibit C: Street Lights & Signs
The Location Map and Cost Estimates are also attached hereto and incorporated herein by
reference. To the extent that Exhibits A, A-1, B, B-1, C, the Location Map, or the Cost Estimates
conflict with the Engineering Plans, the Engineering Plans shall control. If applicable, Attachment 1 –
Changes to Standard Community Facilities Agreement, Attachment 2 – Phased CFA Provisions, and
Attachment 3 – Concurrent CFA Provisions, are attached hereto and incorporated herein for all
purposes.
4.
Construction of Improvements
Developer agrees to cause the construction of the Improvements contemplated by this Agreement
and that said construction shall be completed in a good and workmanlike manner and in accordance with
all City standards and specifications, the Engineering Plans, the Cost Estimates provided for the
Improvements, and this Agreement. Developer acknowledges that City will not accept the Improvements
until the City receives affidavits and lien releases signed by Developer’s contractors verifying that the
contractors, and all subcontractors and material suppliers, have been paid in full for constructing the
Improvements, and consent of the surety on payment and performance bonds provided for the
Improvements.
5.
Financial Guarantee
Developer has provided the City with a financial guarantee in the form and amounts set forth in
this Agreement which guarantees the construction of the Improvements and payment by Developer of
all contractors, subcontractors, and material suppliers for the Improvements (“Financial Guarantee”).
Developer shall keep the Financial Guarantee in full force and effect until released by the City and shall
not reduce the amount of the Financial Guarantee unless authorized by the City in accordance with the
CFA Ordinance.
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6.
Completion Deadline; Extension Periods
This Agreement shall be effective on the date this Agreement is executed by the City’s Assistant
City Manager (“Effective Date”). Developer shall complete construction of the Improvements and
obtain the City’s acceptance of the Improvements within two (2) years of the Effective Date (“Term”).
If construction of the Improvements has started during the Term, the Developer may request that this
Agreement be extended for an additional period of time (“Extension Period”). All Extension Periods shall
be agreed to in writing by the City and the Developer as set forth in a written amendment to this Agreement.
In no event shall the Term of this Agreement plus any Extension Periods be for more than three years.
7.
Failure to Construct the Improvements
(a)The City may utilize the Developer’s Financial Guarantee to cause the completion of the
construction of the Improvements if at the end of the Term, and any Extension Periods, the
Improvements have not been completed and accepted by the City.
(b)The City may utilize the Developer’s Financial Guarantee to cause the completion of the
construction of the Improvements or to cause the payment of costs for construction of the
Improvements before the expiration of the Term, and any Extension Period, if the Developer
breaches this Agreement, becomes insolvent, or fails to pay costs of construction.
(c)If the Financial Guarantee is a Completion Agreement and the Developer’s contractors or suppliers
are not paid for construction costs or materials supplied for the Improvements the contractors and
suppliers may place a lien upon any property which the City does not have an ownership interest
that is the subject of the Completion Agreement.
(d)Nothing contained herein is intended to limit the Developer’s obligations under the CFA
Ordinance, this Agreement, the Financial Guarantee, Developer’s agreements with Developer’s
contractors, or other related agreements.
8.
Termination
If Developer desires to terminate this Agreement before Developer’s contractors begin
constructing the Improvements, Developer agrees to the following:
(a)that Developer and City must execute a termination of this Agreement in writing;
(b)that Developer will vacate any final plats that have been filed with the county where the Project
is located; and
(c)to pay to the City all costs incurred by the City in connection with this Agreement, including
time spent by the City’s inspectors at preconstruction meetings.
9.
Award of Construction Contracts
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(a)Developer will award all contracts for the construction of the Improvements and cause the
Improvements to be constructed in accordance with the CFA Ordinance.
(b)Developer will employ construction contractors who meet the requirements of the City to construct
the Improvements including, but not limited, to being prequalified, insured, licensed and bonded to
construct the Improvements in the City.
(c)Developer will require Developer’s contractors to provide the City with payment and performance
bonds naming the City and the Developer as dual obligees, in the amount of one hundred percent
(100%) of the cost of the Improvements as required by the CFA Ordinance. The payment and
performance bonds shall guarantee construction of the Improvements and payment of all
subcontractors and material suppliers. Developer agrees to require Developer’s contractors to
provide the City with a maintenance bond naming the City as an obligee, in the amount of one
hundred percent (100%) of the cost of the Improvements, that guarantees correction of defects in
materials and workmanship for the Improvements by the contractor and surety for a period of two
(2) years after completion and final acceptance of the Improvements by the City. All bonds must
be provided to the City before construction begins and must meet the requirements of the City’s
Standard Conditions, Chapter 2253 of the Texas Government Code, and the Texas Insurance Code.
(d)Developer will require Developer’s contractors to provide the City with insurance equal to or in
excess of the amounts required by the City's standard specifications and contract documents for
developer-awarded infrastructure construction contracts. The City must be named as an additional
insured on all insurance policies. The Developer must provide the City with a Certificate of
Insurance (ACORD or form approved by the State of Texas), supplied by each contractor’s
insurance provider, which shall be made a part of the Project Manual.
(e)Developer will require the Developer’s contractors to give forty-eight (48) hours’ advance notice
of their intent to commence construction of the Improvements to the City’s Construction Services
Division so that City inspection personnel will be available. Developer will require Developer’s
contractors to allow construction of the Improvements to be subject to inspection at any and all
times by the City’s inspectors. Developer will require Developer’s contractors to not install or
relocate any sanitary sewer, storm drain, or water pipe unless a City inspector is present and gives
consent to proceed, and to allow such laboratory tests as may be required by the City.
(f)Developer will not allow Developer’s contractors to begin construction of the Improvements until
a notice to proceed to construction is issued by the City.
(g)Developer will not allow Developer’s contractors to connect buildings to service lines of sewer and
water mains constructed pursuant to this Agreement, if any, until said sewer, water mains and
service lines have been completed to the satisfaction of the City.
10.
Utilities
Developer shall cause the installation or adjustment of utilities required to: (1) serve the Project;
and (2) to construct the Improvements required herein. City shall not be responsible for payment of any
costs that may be incurred by Developer in the relocation of any utilities that are or may be in conflict with
any of the Improvements to be constructed pursuant to this Agreement.
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11.
Easements and Rights-of-Way
Developer agrees to provide, at its expense, all necessary rights-of-way and easements required for
the construction and dedication to the City of the Improvements provided for by this Agreement.
12.
Liability and Indemnification
(a) DEVELOPER HEREBY RELEASES AND AGREES TO INDEMNIFY, DEFEND AND
HOLD THE CITY HARMLESS FOR ANY INADEQUACIES IN THE PRELIMINARY
PLANS, SPECIFICATIONS, ENGINEERING PLANS, AND COST ESTIMATES
SUPPLIED BY THE DEVELOPER FOR THIS AGREEMENT.
(b) THE DEVELOPER COVENANTS AND AGREES TO, AND BY THESE PRESENTS DOES
HEREBY FULLY INDEMNIFY, HOLD HARMLESS AND DEFEND THE CITY, ITS
OFFICERS, AGENTS AND EMPLOYEES FROM ALL SUITS, ACTIONS OR CLAIMS OF
ANY CHARACTER, WHETHER REAL OR ASSERTED, BROUGHT FOR OR ON ACCOUNT
OF ANY INJURIES OR DAMAGES SUSTAINED BY ANY PERSONS, INCLUDING DEATH,
OR TO ANY PROPERTY, RESULTING FROM OR IN CONNECTION WITH THE
CONSTRUCTION, DESIGN, PERFORMANCE OR COMPLETION OF ANY WORK TO BE
PERFORMED BY SAID DEVELOPER, ITS CONTRACTORS, SUBCONTRACTORS,
OFFICERS, AGENTS OR EMPLOYEES, OR IN CONSEQUENCE OF ANY FAILURE TO
PROPERLY SAFEGUARD THE WORK, OR ON ACCOUNT OF ANY ACT, INTENTIONAL
OR OTHERWISE, NEGLECT OR MISCONDUCT OF SAID DEVELOPER, ITS
CONTRACTORS, SUB-CONTRACTORS, OFFICERS, AGENTS OR EMPLOYEES,
WHETHER OR NOT SUCH INJURIES, DEATH OR DAMAGES ARE CAUSED, IN WHOLE
OR IN PART, BY THE ALLEGED NEGLIGENCE OF THE CITY OF FORT WORTH, ITS
OFFICERS, SERVANTS, OR EMPLOYEES.
(c) DEVELOPER WILL REQUIRE ITS CONTRACTORS TO INDEMNIFY, DEFEND AND
HOLD HARMLESS 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, THE
CONSTRUCTION OF THE IMPROVEMENTS CONTEMPLATED HEREIN, WHETHER
OR NOT SUCH INJURIES, DEATH OR DAMAGES ARE CAUSED, IN WHOLE OR IN
PART, BY THE ALLEGED NEGLIGENCE OF THE CITY OF FORT WORTH, ITS
OFFICERS, SERVANTS, OR EMPLOYEES. FURTHER, DEVELOPER WILL REQUIRE
ITS CONTRACTORS TO INDEMNIFY, DEFEND, AND HOLD HARMLESS THE CITY
FOR ANY LOSSES, DAMAGES, COSTS OR EXPENSES SUFFERED BY THE CITY OR
CAUSED AS A RESULT OF SAID CONTRACTORS’ FAILURE TO COMPLETE THE
WORK AND CONSTRUCT THE IMPROVEMENTS IN A GOOD AND WORKMANLIKE
MANNER, FREE FROM DEFECTS, IN CONFORMANCE WITH THE CFA ORDINANCE,
AND IN ACCORDANCE WITH ALL PLANS AND SPECIFICATIONS.
13.
Right to Enforce Contracts
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Upon completion of all work associated with the construction of the Improvements, Developer will
assign to the City a non-exclusive right to enforce the contracts entered into by Developer with its
contractors, along with an assignment of all warranties given by the contractors, whether express or implied.
Further, Developer agrees that all contracts with any contractor shall include provisions granting to the City
the right to enforce such contracts as an express intended third party beneficiary of such contracts.
14.
Estimated Fees Paid by Developer; Reconciliation
Prior to execution of this Agreement, Developer has paid to the City the estimated cost of
administrative material testing service fees, construction inspection service fees, and water testing lab fees
in the amounts set forth in the Cost Summary section of this Agreement. Upon completion of the
construction of the Improvements, the City will reconcile the actual cost of administrative material testing
service fees, construction inspection service fees, and water testing lab fees with the estimated fees paid
by Developer. If the actual costs of the fees are more than the estimated payments made by the Developer,
the Developer must pay the difference to the City before the Improvements will be accepted by the City. If
the actual costs of the fees are less than the estimated payments made by the Developer, the City will refund
the difference to the Developer. If the difference between the actual costs and the estimated payments made
by the Developer is less than fifty dollars ($50.00), the City will not issue a refund and the Developer will
not be responsible for paying the difference. The financial guarantee will not be released by the City or
returned to the Developer until reconciliation has been completed by the City and any fees owed to the City
have been paid by the Developer.
15.
Material Testing
The City maintains a list of pre-approved material testing laboratories. The Developer must
contract with material testing laboratories on the City’s list. Material testing laboratories will provide copies
of all test results directly to the City and the Developer. If the Improvements being constructed fail a test,
the Developer must correct or replace the Improvements until the Improvements pass all retests. The
Developer must pay the material testing laboratories directly for all material testing and retesting. The City
will obtain proof from the material testing laboratories that the material testing laboratories have been
paid in full by the Developer before the City will accept the Improvements.
16.
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:
CITY: DEVELOPER:
Development Coordination Office FG Aledo Development, LLC
City of Fort Worth 3045 Lackland
200 Texas Street Fort Worth TX 76116
Fort Worth, Texas 76102
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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
Or to such other address one party may hereafter designate by notice in writing addressed and
mailed or delivered to the other party hereto.
17.
Right to Audit
Developer agrees that, until the expiration of three (3) years after acceptance by the City of the
Improvements constructed pursuant to 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.
Developer further agrees to include in all contracts with Developer’s contractors for the
Improvements a provision to the effect that the contractor agrees that the City shall, until the expiration of
three (3) years after final payment under the contract, have access to and the right to examine any directly
pertinent books, documents, papers and records of such contractor, involving transactions to the contract,
and further, that City shall have access during normal working hours to all of the contractor’s facilities, and
shall be provided adequate and appropriate work space in order to conduct audits in compliance with the
provisions of this section. City shall give Developer’s contractors reasonable advance notice of intended
audits.
18.
Independent Contractor
It is expressly understood and agreed that Developer and its employees, representative, agents,
servants, officers, contractors, subcontractors, and volunteers shall operate as independent contractors as to
all rights and privileges and work performed under this Agreement, and not as agents, representatives or
employees of the City. Subject to and in accordance with the conditions and provisions of this Agreement,
Developer shall have the exclusive right to control the details of its operations and activities and be solely
responsible for the acts and omissions of its employees, representatives, agents, servants, officers,
contractors, subcontractors, and volunteers. Developer acknowledges that the doctrine of respondeat
superior shall not apply as between the City and its officers, representatives, agents, servants and
employees, and Developer and its employees, representatives, agents, servants, officers, contractors,
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subcontractors, and volunteers. Developer further agrees that nothing herein shall be construed as the
creation of a partnership or joint enterprise between City and Developer. It is further understood that the
City shall in no way be considered a co-employer or a joint employer of Developer or any employees,
representatives, agents, servants, officers, contractors, subcontractors, and volunteers of Developer.
Neither Developer, nor any officers, agents, servants, employees or subcontractors of Developer shall be
entitled to any employment benefits from the City. Developer shall be responsible and liable for any and
all payment and reporting of taxes on behalf of itself, and any of employees, representatives, agents,
servants, officers, contractors, subcontractors, and volunteers.
The City, through its authorized representatives and employees, shall have the sole and exclusive
right to exercise jurisdiction and control over City employees.
19.
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.
20.
Non-Waiver
The failure of the City to insist upon the performance of any term or provision of this Agreement
or to exercise any right herein conferred shall not be construed as a waiver or relinquishment to any extent
of City’s right to assert or rely on any such term or right on any future occasion.
21.
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.
22.
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.
23.
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.
24.
Review of Counsel
City and Developer, and if they so choose, their attorneys, have had the opportunity to review
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and comment on this document; therefore any rule of contract construction or interpretation 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.
25.
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.
26.
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 that is to 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 meanings 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.
27.
Prohibition on Discrimination Against Firearm and Ammunition Industries
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 that is to 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
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entity or firearm trade association; and (2) will not discriminate against a firearm entity or firearm trade
association during the term of this Agreement.
28.
Immigration and Nationality Act
Developer shall verify the identity and employment eligibility of its employees who perform work
under this Agreement, including completing the Employment Eligibility Verification Form (I-9). Upon
request by City, Developer shall provide City with copies of all I-9 forms and supporting eligibility
documentation for each employee who performs work under this Agreement. Developer shall adhere to all
Federal and State laws as well as establish appropriate procedures and controls so that no services will be
performed by any Developer employee who is not legally eligible to perform such services. DEVELOPER
SHALL INDEMNIFY CITY AND HOLD CITY HARMLESS FROM ANY PENALTIES,
LIABILITIES, OR LOSSES DUE TO VIOLATIONS OF THIS PARAGRAPH BY DEVELOPER,
DEVELOPER’S EMPLOYEES, SUBCONTRACTORS, AGENTS, OR LICENSEES. City, upon written
notice to Developer, shall have the right to immediately terminate this Agreement for violations of this
provision by Developer.
29.
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.
30.
Assignment and Successors
Developer shall not assign or subcontract all or any part of its rights, privileges, or duties under this
Agreement without the prior written consent of City. Any attempted assignment or subcontract without the
City’s prior written approval shall be void and constitute a breach of this Agreement.
31.
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.
32.
Compliance with Laws, Ordinances, Rules and Regulations
Developer, its officers, agents, servants, employees, and contractors, shall abide by and comply
with all laws, federal, state and local, including all ordinances, rules and regulations of City. It is agreed
and understood that, if City calls to the attention of Developer any such violation on the part of Developer
or any of its officers, agents, servants, employees, or subcontractors, then Developer shall immediately
desist from and correct such violation.
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33.
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.
34.
Counterparts
This Agreement may be executed in multiple counterparts, each of which will be deemed an
original, but which together will constitute one instrument.
35.
Entire Agreement
This written instrument, together with any attachments, exhibits, and appendices, constitutes the
entire understanding between the City and Developer concerning the work to be performed hereunder, and
any prior or contemporaneous, oral or written agreement that purports to vary from the terms hereof shall
be void.
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36.
Cost Summary Sheet
Project Name: Morningstar Section 1 Phase 1
CFA No.: 23-0145 City Project No.: 104638 IPRC No.: 23-0065
Items Developer's Cost
A. Water and Sewer Construction
1. Water Construction 1,944,428.00$
2. Sewer Construction 1,882,060.20$
Water and Sewer Construction Total 3,826,488.20$
B. TPW Construction
1. Street 3,066,864.62$
2. Storm Drain 1,351,496.00$
3. Street Lights Installed by Developer 288,412.80$
4. Signals -$
TPW Construction Cost Total 4,706,773.42$
Total Construction Cost (excluding the fees):8,533,261.62$
Estimated Construction Fees:
C. Construction Inspection Service Fee $92,250.00
D. Administrative Material Testing Service Fee $25,235.00
E. Water Testing Lab Fee $3,150.00
Total Estimated Construction Fees:120,635.00$
Financial Guarantee Options, choose one Amount
Choice
(Mark one)
Bond = 100%8,533,261.62$
Completion Agreement = 100% / Holds Plat 8,533,261.62$ X
Cash Escrow Water/Sanitary Sewer= 125%4,783,110.25$
Cash Escrow Paving/Storm Drain = 125%5,883,466.78$
Letter of Credit = 125% 10,666,577.03$
Escrow Pledge Agreement = 125% 10,666,577.03$
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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
Dana Burghdoff
Assistant City Manager
Date: __________________
Recommended by:
Dwayne Hollars/Bichson Nguyen
Contract Compliance Specialist
Development Services
Approved as to Form & Legality:
Richard McCracken
Sr. Assistant City Attorney
M&C No. N/A
Date:
Form 1295: N/A
ATTEST:
Jannette S. Goodall
City Secretary
DEVELOPER
FG ALEDO DEVELOPMENT, LLC
By: KTFW INVESTMENTS, INC.,
A Texas corporation, its manager
Kim Gill
President
Date:
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.
Rebecca Diane Owen
Development Manager
City of Fort Worth, Texas
Standard Completion Agreement – Lender-Funded Revised 01.30.23 BN
CFA Official Release Date: 07.01.2015
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The following attachments are incorporated into this Agreement. To the extent a
conflict exists between the main body of this Agreement and the following attachments, the
language in the main body of this Agreement shall be controlling.
Included Attachment
Attachment 1 - Changes to Standard Community Facilities Agreement
Attachment 2 – Phased CFA Provisions
Attachment 3 – Concurrent CFA Provisions
Location Map
Exhibit A: Water Improvements
Exhibit A-1: Sewer Improvements
Exhibit B: Paving Improvements
Exhibit B-1: Storm Drain Improvements
Exhibit C: Street Lights and Signs Improvements
Cost Estimates
(Remainder of Page Intentionally Left Blank)
City of Fort Worth, Texas
Standard Completion Agreement – Lender-Funded Revised 01.30.23 BN
CFA Official Release Date: 07.01.2015
Page 16 of 31
ATTACHMENT “1”
Changes to Standard Community Facilities Agreement
City Project No. 104638
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"MORNINGSTAR SECTION 1, PHASE 1"
OWNER f DEVELOPER:
FG ALEDO DEVELOPMENT, LLC
3045 LACKLAND BOULEVARD
FORT WORTH, TEXAS 76116
IPRC N0. 23-0065
CITY PROJECT N0. 104638
FID N0. 30114-0200431-104638-E07685
STREET/STORM DRAIN N0. W-2935
X-27799
ENGINEER:
� WELCH ENGINEERING, INC.
1308 NORWOOD DRIVE, SUITE 200
BEDFORD, TEXAS 76022
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LEGEND
100� DEVELOPER'S COST
*N 8" AND 12" WATER LINES, FIRE HYDRANTS,
GATE VALVES AND ASSOCIATED
APPURTENANCES
EXHIBIT "A"
WATER IMPROVEMENTS
"MORNINGSTAR SECTION 1, PHASE 1"
OWNER f DEVELOPER:
FG ALEDO DEVELOPMENT, LLC
3045 LACKLAND BOULEVARD
FORT WORTH, TEXAS 76116
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IPRC N0. 23-0065
CITY PROJECT N0. 104638
FID N0. 30114-0200431-104638—E07685
STREET/STORM DRAIN N0. W-2935
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ENGINEER:
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1308 NORWOOD DRIVE, SUITE 200
BEDFORD, TEXAS 76022
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100� DEVELOPER'S COST
*N 8" AND 12" WATER LINES, FIRE HYDRANTS,
GATE VALVES AND ASSOCIATED
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EXHIBIT "A"
WATER IMPROVEMENTS
"MORNINGSTAR SECTION 1, PHASE 1"
OWNER f DEVELOPER:
FG ALEDO DEVELOPMENT, LLC
3045 LACKLAND BOULEVARD
FORT WORTH, TEXAS 76116
IPRC N0. 23-0065
CITY PROJECT N0. 104638
FID N0. 30114-0200431-104638-E07685
STREET/STORM DRAIN N0. W-2935
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ENGINEER:
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1308 NORWOOD DRIVE, SUITE 200
BEDFORD, TEXAS 76022
SHEET 2 OF 2
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100� DEVELOPER'S COST
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AND ASSOCIATED APPURTENANCES
EXHIBIT "A-1 "
SANITARY SEWER IMPROVEMENTS
"MORNINGSTAR SECTION 1, PHASE 1 "
OWNER f DEVELOPER:
FG ALEDO DEVELOPMENT, LLC
3045 LACKLAND BOULEVARD
FORT WORTH, TEXAS 76116
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SCALE: 1 "=300'
IPRC N0. 23-0065
CITY PROJECT N0. 104638
FID N0. 30114-0200431-104638—E07685
STREET/STORM DRAIN N0. W-2935
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ENGINEER:
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EXHIBIT "A-1 "
SANITARY SEWER IMPROVEMENTS
"MORNINGSTAR SECTION 1, PHASE 1 "
OWNER f DEVELOPER:
FG ALEDO DEVELOPMENT, LLC
3045 LACKLAND BOULEVARD
FORT WORTH, TEXAS 76116
IPRC N0. 23-0065
CITY PROJECT N0. 104638
FID N0. 30114-0200431-104638-E07685
STREET/STORM DRAIN N0. W-2935
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ENGINEER:
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1308 NORWOOD DRIVE, SUITE 200
BEDFORD, TEXAS 76022
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1009� DEVELOPER'S COST
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ON 6" LIME SUBGRADE
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ON 8" LIME SUBGRADE
SIDEWALK BY DEVELOPER
------ SIDEWALK BY HOMEBUILDER
Q ADA RAMPS BY DEVELOPER
EXHIBIT "B"
PAVING IMPROVEMENTS
"MORNINGSTAR SECTION 1, PHASE 1"
OWNER f DEVELOPER:
FG ALEDO DEVELOPMENT, LLC
3045 LACKLAND BOULEVARD
FORT WORTH, TEXAS 76116
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IPRC N0. 23-0065
CITY PROJECT N0. 104638
FID N0. 30114-0200431-104638-E07685
STREET/STORM DRAIN N0. W-2935
X-27799
ENGINEER:
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1308 NORWOOD DRIVE, SUITE 200
BEDFORD, TEXAS 76022
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EXHIBIT "B"
PAVING IMPROVEMENTS
"MORNINGSTAR SECTION 1, PHASE 1"
OWNER f DEVELOPER:
FG ALEDO DEVELOPMENT, LLC
3045 LACKLAND BOULEVARD
FORT WORTH, TEXAS 76116
SCALE: 1 "=300'
IPRC N0. 23-0065
CITY PROJECT N0. 104638
FID N0. 30114-0200431-104638-E07685
STREET/STORM DRAIN N0. W-2935
X-27799
ENGINEER:
� WELCH ENGINEERING, INC.
1308 NORWOOD DRIVE, SUITE 200
BEDFORD, TEXAS 76022
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STORM DRAIN IMPROVEMENTS
"MORNINGSTAR SECTION 1, PHASE 1"
OWNER f DEVELOPER:
FG ALEDO DEVELOPMENT, LLC
3045 LACKLAND BOULEVARD
FORT WORTH, TEXAS 76116
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STREET/STORM DRAIN N0. W-2935
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BEDFORD, TEXAS 76022
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EXHIBIT "B-1"
STORM DRAIN IMPROVEMENTS
"MORNINGSTAR SECTION 1, PHASE 1"
OWNER f DEVELOPER:
FG ALEDO DEVELOPMENT, LLC
3045 LACKLAND BOULEVARD
FORT WORTH, TEXAS 76116
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STORM DRAIN AND INLET
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CITY PROJECT N0. 104638
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STREET/STORM DRAIN N0. W-2935
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1308 NORWOOD DRIVE, SUITE 200
BEDFORD, TEXAS 76022
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* -- PROPOSED STREET LIGHT (10a% DEVELOPER'S COST)
� -- PROPOSED STREET SIGN (100� DEVELOPER'S COST)
■ -- PROPOSED GROUND BOX (100% DEVELOPER'S COST)
� -- EXISTING STREET LIGHT
EXHIBIT "C1"
STREET NAME SIGNS AND STREET LIGHTS
"MORNINGSTAR SECTION 1, PHASE 1"
OWNER f DEVELOPER:
FG ALEDO DEVELOPMENT, LLC
3045 LACKLAND BOULEVARD
FORT WORTH, TEXAS 76116
SCALE: 1 "=300'
IPRC N0. 23-0065
CITY PROJECT N0. 104638
FID N0. 30114-0200431-104638—E07685
STREET/STORM DRAIN N0. W-2935
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ENGINEER:
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1308 NORWOOD DRIVE, SUITE 200
BEDFORD, TEXAS 76022
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■ -- PROPOSED GROUND BOX (100% DEVELOPER'S COST)
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STREET NAME SIGNS AND STREET LIGHTS
"MORNINGSTAR SECTION 1, PHASE 1"
OWNER f DEVELOPER:
FG ALEDO DEVELOPMENT, LLC
3045 LACKLAND BOULEVARD
FORT WORTH, TEXAS 76116
IPRC N0. 23-0065
CITY PROJECT N0. 104638
FID N0. 30114-0200431-104638-E07685
STREET/STORM DRAIN N0. W-2935
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1308 NORWOOD DRIVE, SUITE 200
BEDFORD, TEXAS 76022
SHEET 2 OF 2
004243
DAP - Bm PROPOSAL
Pege I of6
SECTION 00 42 43
Developer Awarded Projects - PROPOSAL FORM
MORNINGSTAR - SECT[ON 1, PHASE 1
UNIT PRICE BID
CONTRACT: 8/30/2023
CPN:104638 [PRC23-0065
Bidder's Application
Project Item Infortnation Bidder's Proposai
Bidlist Description Specification Unit of B�d Unit Price Bid Value
Item No. Section No. Measure Quantity
UNIT I: WATER IMPROVEMENTS
I-1 3311.0161 6" DR-14 PVC Water P�pe 33 1 I 10 LF 324 $43.00 513,932.00
I-2 3311.0261 8" DR-14 PVC Water Pipe 33 1I 10 LF 8,160 $65.00 5530,400.00
i-3 3311.0251 8" DIP Water 33 I 1 10 LF 294 $65.00 $I9,110.00
1-4 3311.0461 1?" DR-14 PVC Water Pipe 33 I 1 10 LF 4,176 $95.00 $396,730.00
1-5 3311.0454 12" D[P Water (Restramt Jomts) 33 1 I 10 LF 139 $95.00 $13?05.00
1-6 3311.0454 12" DIP Water, CSS 33 11 10 LF 1 l8 $125.00 $14,750.00
i-7 33133002 6" Gate Valve 33 12 20 EA 20 $1,350.00 $25,000.00
1-8 331?3003 8" Gate Valve 33 12 20 EA 31 $2,100.00 $65,100.00
1-9 3312.3005 12" Gate Valve 33 12 20 EA 19 $4,350.00 $80,750.00
1-10 3312.0117 Connect. to Existing 4"-12" Water Main 33 12 25 EA 4 $1,500.00 $6,000.00
1-11 3312.0001 Fire Hydrant 33 12 40 EA 20 $7,300.00 $144,000.00
I-12 0?41.1 ]] 8 4" - 1?" Pressure Plugs 02 41 14 EA 6 $500.00 $3,000.00
1-13 3311.0001 Ductile Iron Water Fittings w/Restraints 33 11 11 TON 14 $I3,000.00 $168,000.00
I-14 3305.0109 Trench Safety 33 OS 10 LF 13,21 I $1.00 $13,21 I.00
I-IS 3313.?003 I" Water Service 33 12 10 EA 358 $1,250.00 $447,500.00
1-16 33132203 1" Imga[ion Service (3 - Lot IX - POS) 33 l2 ]0 EA 3 $1?50.00 $3,750.00
TOTAL $1,944,428.00
CITY OF FORT WORTH
STANDARD CONSTRUCTION SPECIFlCAT10N DOCUIvIENTS - DEVELOPER AWARDED PROIECT$
Form Vers�on Apnl 2, 201 a 00 42 47 - B[DDING CONTRACT - MORMNGSTAR • SECTION I, PHASE I.O8-30•23 xls
004243
DAP � BtD PROPOSAL
Page 2 of 6
SECTION 00 42 43
Developer Awarded Projects - PROPOSAL FORM
MORIYINGSTAR - SECTION 1, PHASE 1
UNIT PRICE BID
CONTRACT: 8/30/2023
CPN: 104638 IPRC23-0065
Bidder's Application
Project Item Infortnation Bidders Proposal
Bidlist Description Specification Unit of B�d Unil Pnce Bid Value
Item No. Section No. Measure Quantity
UNIT II: SANITARY SEWER IMPROVEMENTS
3-I 3331.4115 8" Sewer Pipe SDR-26 33 1 1 10 LF 10,291 $65.00 $668,915.00
2-2 3331.4116 8" Sewer Pipe SDR-26 w/CSB 33 11 10 LF 695 $135.00 $93,825.00
2-3 3331.4201 10" Sewer Pipe SDR-26 � 33 1 I 10 LF 1,627 s74.00 $1?0,398.00
2-4 3331.4208 10" Sewer Pipe SDR-26 w/CSB 33 11 10 LF I55 5145.00 $22,475.00
2-5 3331.41 IS 12" Sewer Pipe SDR-?6 33 11 10 LF 18 585.00 $I,S30.00
2-6 3339.1001 4' Manhole (0-6' Depth) 33 39 30 EA 56 $5,600.00 $313,600.00
2-7 3339.1002 4' Drop Manhole (0-6' Depth) 33 39 20 EA 5 $7,200.00 $36,000.00
2-8 3339.1003 4' Extra Depth Manhole 33 39 20 VF 249 E200.00 $49,800.00
2-9 3339.0001 Epoxy Manhole Liner 33 39 60 VF 238 5310.00 $73,780.00
2-10 3331.3102 4" Sewer Service, Two-way cleanout 33 31 50 EA 358 $1,050.00 $375,900.00
2-I I 3301.0002 Post-CCTV Inspection 33 O1 31 LF 12,786 $4.20 $53,701.20
2-12 3301.0101 Manhole Vacuum Testing 33 Ol 30 EA 61 SI50.00 $9,150.00
?-l3 3305.0109 Trench Safety 33 OS 10 LF 12,786 $I.00 $12,786.00
3-14 0241.1 I 18 4" - IZ" Pressure Plugs 02 41 14 EA 3 $500.00 $1,500.00
2-I S 9999.0020 Connect to Exis[ing Sanitary Sewer Main (8-12") 33 11 10 EA 2 $2,500.00 $5,000.00
2-16 3305.0113 Trench Water Stops 33 I 1]0 EA 46 5950 00 $43,700.00
TOTAL $1,883,060.20
TOTAL UNIT II: SANITARY SEWER IMPROVEAAENTS
CITY OF FORT WORTH
SCANDARD CONSTRUCTION SPECIFICATION DOCUN�NTS - DEVELOPER AWARDED PROJECYS
Form Vers�on April 2, 2014 00 42 43 - B[DDMG CONTRACT - MORNINGSTAR - SECTION I. PHASE 1� O8•30.23 xls
004243
DAP • BID PROPOSAL
Page 3 of6
SECTION 00 42 43
Developer Awarded Projects - PROPOSAL FORM
MORNINGSTAR - SECTION i, PIiASE 1
UNIT PRICE BID
CONTRACT: 8l30/2023
CPN:10d638 iPRC23-0065
Bidder's Application
Project Item Infortnation Bidder's Proposal
Bidlist pescription Specification Unit of Bid Unit Price Bid Value
Item No. Section No. Measure Quantity
UNIT IIi: DRAINAGE IMPROVEMENTS
3-I 3305.U109 'frenchSafery 33US 10 LF 5,133 51.00 $5,133.00
3-2 3341.0205 ?4" RCP, Class 1[( 33 41 10 LF 1,359 $105.00 $142,695.00
3-3 3341.0302 30" RCP, Ciass fII 33 41 10 LF 417 $128.00 $53,376.00
3-4 334I.0309 36" RCP, Class tI[ 33 41 10 LF 2,329 $160.00 $372,640.00
3-5 3341.0402 42" RCP, Class III 33 41 10 LF 814 $201.00 $163,614.00
3-6 3341.0409 48" RCP, Class f1I 33 41 10 LF 25 $250.00 $6,?50.00
3-7 3341.0502 54" RCP, Class III 33 41 10 LF 128 $306.00 $39,168.00
3-8 3341.0602 60" RCP, Class III 33 4i 10 LF 171 $370.00 $63?70.00
3-9 3349.0001 4' Storm Junction Box 33 49 10 EA 9 $5,500.00 549,500.00
3-10 3349.000? 5' Storm Junction Box 33 49 10 EA 2 $6,000.00 $12,000.00
3-1 I 3349.0003 6' Storm Junction Box 33 49 10 EA 2 56,500.00 $13,000.00
3-12 3349.7001 4' Drop Inlet Top w/3' perimeter apron 33 49 ZO EA Z $7,500.00 $] 5,000.00
3-13 3349.5001 10' Curb Inlet 33 49 20 EA 4 $7,500.00 $30,000.00
3-14 3349.5002 IS' Curb Inlet 33 49 20 EA 16 511,250.00 $180,000.00
3-I S 3349.5003 20' Curb Inlet 33 49 20 EA 12 $ I5,000.00 $180,000.00
3-16 9999.0030 Concrete Flume (See Sheet 92) 33 49 40 EA 1 517,100.00 $17,100.00
3-17 3137.0105 Medium Stone, Riprap, dry 31 37 00 SY 50 $125.00 $6,250.00
3-18 9999.0031 Connect to Existing Storm Sewer Main 33 11 10 EA 5 $500.00 $2,500.00
TOTAL $1,351,496.00
TOTAL UNIT III: DRAINAGE IMPROVEMENTS
CITY OF FORT WORTH
STANDARD CONSTRUCTION SPECffICAT10N DOCUI�NTS - DEVELOPER AWARDED PROJECTS
Form Version Apnl 2, 2014 00 42 43 - BIDDMG CONTRACT - MORNiNGSTAR - SECTtOh :, PHASE I- 08•30-23 xls
OOA243
DAP-Bm PROPOSAL
Pege 6 of 6
SECTION 00 42 43
Developer Awarded Projects - PROPOSAL FORM
MORNINGSTAR - SECTION 1, PHASE I
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CPN: 104638 IPRC23-0065
Bidder's Application
Project Item Infortnation Bidders Proposal
Bidlist Description Specification Unit of Bid Unit Price Bid Value
Item No. Section No. Measure Quantity
Bid Summary
UNIT I: WATER IMPROVEMENTS
UNIT II: SANITARY SEWER IMPROVEMENTS
UNIT III: DRAINAGE IMPROVEMENTS
UNIT IV: PAVING IMPROVEMENTS
UNIT V: STREET LIGHTING IMPROVEMENTS
Total ConstruMion
Contractor agrees to complete WORK for FINAL ACCEPTANCE within .;160 working days after the date when the
CONTRACT commences to run as peovided in the General Conditions.
WATERIMPROVEMENTS
SANITARY SEWER IMPROVEMENTS
DRAINAGEIMPROVEMENTS
PAVING IMPROVEMENTS
STREET LIGHT IMPROVEMENTS
40 working days.
70 working days.
50 working days.
working days.
working days.
END OF SECTION
ClTY OF FORT WORTH
STANDARD CONS7RUCTION SPEC�[CATION DOCU[.gNTS - DEVELOPER AWARDED PRO7ECTS
Form Version Apri12, 2014 0042 43 - BIDDING CONTRACT - MORMNGSTAR • SECTION l, PHASE I- OS-30.23.xis
004243
DAP - Bm PROPOSAL
Page 4 of 6
SECTION 00 42 43
Developer Awarded Projects - PROPOSAL FORM
MORNINGSTAR - SECTION 1, PHASE 1
UNIT PRICE BID
CONTRACT: 8/14/2023
CP N: 104638 IP RC23-0065
Bidder's Application
Project Item Information Bidders Proposal
Bidlist Description Specification Unit of B�d Unit Price Bid Value
Item No. Section No. Measure Quantity
UNIT IV: PAVING IMPROVEMENTS
4-1 3213.0101 6" Conc Pvmt - 3,600 psi (#3(�il18"ew) 32 13 13 SY 37,494 $50.00 $1,874,700.00
4-2 321 I.O501 6" Lime Treatment 32 11 29 SY 39,931 $3.55 $141,755.05
4-3 3211.0400 Hydrate Lime 32 I1 29 TN 599 $288.60 $172,871.40
4-4 9999.0040 7.5" Conc Pvmt, Indigo Sky Drive, 4,000 psi 32 13 13 SY 6,031 $60.00 $361,860.00
(t�4@18"ew)
4-5 3211.0502 8" Lime Treatment 32 1 1 29 SY 6,353 $3.55 $22,553.15
4-6 321 1.0400 Hydrate Lime 32 1 I 29 TN 129 $288.60 $37,229.40
4-7 3213.0301 5-foot, 4" Concrete Sidewalk 32 13 20 SF 1,830 $7.25 $13,267.50
4-8 3213.0501 Barrier Free Ramp - Type R-1 32 13 20 EA 30 $2,350.00 $70,500.00
4-9 3213.0506 Barrier Free Ramp - Type P-] (Modified) 32 13 20 EA 12 $2,050.00 $24,600.00
4-10 9999.0041 Street Barricade Type III (street dead ends) 31 36 00 LF 128 $50.00 $6,400.00
4 �� 3124.0101 Embankment Plan (Parkway/Median Accep[able 31 24 00 CY 5,191 $52.00 $269,932.00
Backfill
4-12 3292.0100 Block Sod Placement (Field specifcation) 32 92 13 SY 30 $15.72 $471.60
4-13 3292.0400 Seed Hydromulch (Parkways and Medians) 32 92 14 SY 31,152 $1.51 $47,039.52
3441.4003 Furnish & Install Ground Mount Post, unless a[ the
4-14 intersection, moum to Street Light corner w/Stop & Directive Signs 34 41 30 EA 22 $350.00 $7,700.00
(R1-1).
4-] 5 9999.0042 Street Name Plates for Street Intersection (D3-I ) 34 41 30 EA 23 $695.00 $15,985.00
TOTAL $3,066,864.62
TOTAL UNIT IV: PAVING IMPROVEMENTS
CITY OF FORT WORTH
STANDARD CONSTRUCTION SPEC�ICATTON DOCiIbffiNTS - DEVELOPER AWARDED PROJECTS
Form V ersion April 2, 2014 00 42 43 - BIDDING - MORN W GSTAR - SECTION 1, PHASE I- 08- I 4-23 xls
004243
DAP • Bm PROPOSAL
Page G of G
SEC710N 00 42 43
Developer Awarded Projects - PROPOSAL FORM
MORNINGSTAR - S�CTION 1, PHAS� 1
UNIT PRICE BID
CONTRACT: S/14/2023
CPN: 104638 IPRC23-0065
Bidder's Application
Project Item ]nformation Bidders Proposal
Bidlist Description Specification Unit of B�d Unit Price Bid Value
Item No. Section No. Measure Quantity
Bid Summary
UNIT I: WATER IMPROVEMENTS
UNIT II: SANITARY SEWER IMPROVEMENTS
UNIT III: DRAINAGE IMPROVEMENTS
UNIT IV: PAVING IMPROVEMENTS
UNIT V: STREET LIGHTING IMPROVEMENTS
Total Construction Bid
Contractor agrees to complete WORK for FINAL ACCEPTANCE within �7Si� ; working days after the date when the
CONTRACT commences to run as provided in the General Conditions.
WATERIMPROVEMENTS
SAN►TARY SEWER IMPROVEMENTS
DRAINAGEIMPROVEMENTS
PAVING IMPROVEMENTS
STREET LIGHT IMPROVEMENTS
working days.
working days.
working days.
75 working days.
working days.
END OF SECTiON
CITY OF FORT WORTH
STANDARD CONSTRUCTION SPECIFICATION DOCUb1ENTS - DEVELOPER AWARDED PROlEC7S
Fonn Version April 2, 2014 00 42 43 - BIDDING - MORNINGSTAR - SECTION 1, PHASE 1- 08-14-23.x1s
004243
DAP - BID PROPOSAL
Page 5 of 6
SECTION 00 42 43
Developer Awarded Projects - PROPOSAL FORM coNTnnc•r. �r�onoz3
MOTtNINGSTAI2 - SECTION ], YHASE 1 CPN: 104638 IPRC23-0065
CfCY OF FOAT WORTR
STANDARD CONSTRUCT'[ON SPECIFICATION DOCLtMLNTS - DEVBLOPER AWARDED PROJECTS
Form Version April 2, 2014 00 42 43 - BIDDING - MORMNGSTAR - SECTION 1, PHASE 1- 07-30•23.xis
UNIT PRICE BID Bidder's Application
004243
DAP-BIDPROPOSAL
Page 6 of 6
SECTION 00 42 43
Developer Awarded Projects - PROPOSAL FORM
MORNINGSTAR - SECTION 1, PHASE 1
UNIT PRICE BID
Project Item Information
CONTRACT: 7l30/2023
CPN: 10A638 IPRC23-0065
Bidder's Application
Bidder's Proposal
Bidlist I Speci6cation I Unit of Q$id Ty�`�
Item No. Description Unit Price
Section No. Measure uanti
Bid Summary
UNIT I: WATER IMPROVEMENTS
UNIT II: SANITARY SEWER IMPROVEMENTS
UNIT til: DRAINAGE IMPROVEMENTS
UNIT tV: PAVING IMPROVEMENTS
UNIT V: STREET LIGHTING IMPROVEMENTS �
Totai Construction Bid i
Contractor agrees to complete WORK ibr FINAL ACCEPTANCE withm '.60 ' working days after the date when the
CONTRACT commences to run as provided in the General Conditions.
WATERIMPROVEMENTS
SANITARY SEWER IMPROVEMENTS
DRAINAGEIMPROVEMENTS
PAVING IMPROVEMENTS
STREET LIGHT IMPROVEMENTS
working days.
working days.
working days.
working days.
60 working days.
END OF SECTION
Bid Value
1
1
CITY OF FORT WORTH
STANDARD CONSTRUCT[ON SPECIFICATION DOCUMENTS - DEVELOPER AWARDED PR07ECTS
Form Version April 2, 2014 00 42 43 - BmDMG • MORNINGSTAR - SEC7'fON 1, PHASE 1- 07-30-23.x1s
City of Fort Worth, Texas
Standard Completion Agreement – Lender-Funded Revised 01.30.23 BN
CFA Official Release Date: 07.01.2015
Page 17 of 31
ATTACHMENT “2”
Phased CFA Provision
City Project No. 104638
Developer intends to construct a public sanitary sewer main pursuant to a separate community
facilities agreement (City Project Number 105124, IPRC23-0151) that the Improvements in this Agreement
will connect to and rely upon. Therefore, this Agreement shall be considered a “Phased CFA” and the
provisions contained in this section shall apply to this Agreement.
The improvements being constructed by Developer under the separate Community Facilities
Agreement shall be defined as the “Parent Project.” The improvements being constructed by Developer
under this Agreement shall be defined as the “Child Project.”
Developer acknowledges and agrees that due to Developer’s election to construct a Phased CFA,
the potential exists for technical, delivery, acceptance or performance problems (hereinafter “Construction
Problems”). Construction Problems may include, but are not limited to: failure of the improvements to
comply with the approved plans or City Specifications; failure of the improvements in the Parent Project
and the Child Project to properly connect to each other; changes to the design or construction of the
improvements in the Parent Project that impact the design and construction of the improvements in the
Child Project; construction delays, delay claims, or claims for liquidated damages; increased costs for the
Developer; failure of the improvements to pass inspection or material testing; or rejection by the City of
some or all of the improvements and Developer having to remove and reconstruct the improvements at
Developer’s expense. In addition, Developer understands and agrees that disputes may arise between
Developer’s contractors or their subcontractors relating to responsibility for the Construction Problems.
Developer shall be solely responsible for resolving disputes between contractors or disputes between
contractors and subcontractors.
Developer further acknowledges and agrees that Developer has notified all of Developer’s
contractors for the Project that Developer has elected to construct a Phased CFA, the provisions of this
section, the risks associated with a Phased CFA, and that the City shall not bear any responsibility for
Developer’s decision to proceed with a Phased CFA.
Developer shall not make the final connection of the improvements in the Child Project to the
improvements in the Parent Project until the improvements in the Parent Project have been constructed and
accepted by the City and the City has consented to Developer making the connection.
Developer agrees that if this Agreement is for Improvements relating to the construction,
renovation or modification of one or more single family residential homes or structures, the City will not
record the plat related to the Project until the improvements are constructed and accepted by the City.
Developer agrees that if this Agreement is for improvements relating to the construction, renovation or
modification of one or more commercial buildings or structures, the Developer shall not receive a
Certificate of Occupancy from the City for the building(s) related to the Project until the improvements in
this Agreement are constructed and accepted by the City. Developer further understands and agrees that
the City will not approve a final plat of the property that the Improvements in this Agreement are intended
to serve until the Parent Project has been constructed and accepted by the City. Completion of the
Improvements under this Agreement does not entitle Developer to obtain a final plat of the property until
City of Fort Worth, Texas
Standard Completion Agreement – Lender-Funded Revised 01.30.23 BN
CFA Official Release Date: 07.01.2015
Page 18 of 31
all other requirements of Federal law, State law, or the City Code relating to the filing and recording of a
final plat have been met by Developer.
BY CHOOSING TO CONSTRUCT A PHASED CFA, DEVELOPER ASSUMES ALL RISKS
AND DEVELOPER SHALL BE LIABLE AND RESPONSIBLE FOR ANY AND ALL DAMAGES,
INCLUDING BUT NOT LIMITED TO ANY AND ALL ECONOMIC DAMAGES PROPERTY LOSS,
PROPERTY DAMAGES AND PERSONAL INJURY, (INCLUDING DEATH), OF ANY KIND OR
CHARACTER, WHETHER REAL OR ASSERTED. DEVELOPER HEREBY EXPRESSLY
RELEASES AND DISCHARGES CITY FROM ANY AND ALL LIABILITY FOR DAMAGES,
INCLUDING, BUT NOT LIMITED TO ANY AND ALL ECONOMIC DAMAGES, PROPERTY LOSS,
PROPERTY DAMAGE AND PERSONAL INJURY (INCLUDING DEATH) ARISING OUT OF OR
IN CONNECTION WITH, DIRECTLY OR INDIRECTLY, THE CONSTRUCTION OF THE
IMPROVEMENTS OR DEVELOPER’S DECISION TO CONSTRUCT A PHASED CFA.
DEVELOPER, AT ITS SOLE COST AND EXPENSE, AGREES TO AND DOES HEREBY
INDEMNIFY, DEFEND PROTECT, AND HOLD HARMLESS CITY, AND CITY’S OFFICERS,
REPRESENTATIVES, AGENTS, EMPLOYEES, AND SERVANTS FOR, FROM AND AGAINST
ANY AND ALL CLAIMS (WHETHER AT LAW OR IN EQUITY), LIABILITIES, DAMAGES
(INCLUDING ANY AND ALL ECONOMIC DAMAGES, PROPERTY LOSS, PROPERTY DAMAGES
AND PERSONAL INJURIES INCLUDING DEATH), LOSSES, LIENS, CAUSES OF ACTION,
SUITS, JUDGMENTS AND EXPENSES (INCLUDING, BUT NOT LIMITED TO, COURT COSTS,
ATTORNEYS' FEES AND COSTS OF INVESTIGATION), OF ANY NATURE, KIND OR
DESCRIPTION ARISING OR ALLEGED TO ARISE BY OR IN ANY WAY RELATED TO
CONSTRUCTION OF THE IMPROVEMENTS OR DEVELOPER’S CHOICE TO CONSTRUCT A
PHASED CFA, OR (2) BY REASON OF ANY OTHER CLAIM WHATSOEVER OF ANY PERSON
OR PARTY OCCASIONED OR ALLEGED TO BE OCCASIONED IN WHOLE OR IN PART BY THE
CONSTRUCTIONS OF THE IMPROVEMENTS OR DEVELOPER’S CHOICE TO CONSTRUCT A
PHASED CFA WHETHER OR NOT SUCH INJURIES, DEATH OR DAMAGES ARE CAUSED, IN
WHOLE OR IN PART, BY THE ALLEGED NEGLIGENCE OF THE CITY OF FORT WORTH, ITS
OFFICERS, SERVANTS, OR EMPLOYEES.
FG ALEDO DEVELOPMENT, LLC
By: KTFW INVESTMENTS, INC.,
A Texas corporation, its manager
Kim Gill
President
Date:
City of Fort Worth, Texas
Standard Completion Agreement – Lender-Funded Revised 01.30.23 BN
CFA Official Release Date: 07.01.2015
Page 19 of 31
COMPLETION AGREEMENT – LENDER FUNDED
This Completion Agreement (“Agreement) is made and entered into by and among the City
of Fort Worth (“City”), and FG ALEDO DEVELOPMENT, LLC, a Texas Limited Liability
Company (“Developer”), and PLAINS CAPITAL BANK (“Lender”), effective as of the date
subscribed by the City’s City Manager or Assistant City Manager. The City, the Developer and
the Lender are hereinafter collectively called the “Parties”.
WITNESSETH:
WHEREAS, the Developer owns that certain tract of real property that contains
approximately 71.96 acres that is located in the City, the legal description of which tract of real
property is marked Exhibit “A” – Legal Description, attached hereto and incorporated herein for
all purposes (“Property”); and
WHEREAS, the Developer intends to develop the Property as an addition to the City
through plat PP-13-046; and
WHEREAS, the Developer and the City have entered into a Community Facilities
Agreement relating to the development of Morningstar Section , Phase 1 (“CFA”); and
WHEREAS, the City has required certain assurances of the availability of funds to
complete the water and sewer utilities, streets/paving, storm drain, street lights and street signs for
the development of the Property (“Improvements”), and
WHEREAS, in order to provide such assurances as have been required by the City, the
Lender has agreed to advance certain funds to the City for Hard Costs (which term is hereinafter
defined) subject to, and in accordance with, the terms, provisions and conditions of this Agreement;
and
WHEREAS, the Developer has granted to the Lender as additional security for the Loan
(which term is hereinafter defined) a security interest in all plans and specifications for the
development of the Property (collectively, the “Plans”); and
WHEREAS, the Parties desire to set forth the terms and conditions of such
accommodations as are described above.
NOW THEREFORE, for and in consideration of the benefits to be derived from the mutual
observance by the Parties of the terms and conditions hereof, and for and in consideration of Ten
City of Fort Worth, Texas
Standard Completion Agreement – Lender-Funded Revised 01.30.23 BN
CFA Official Release Date: 07.01.2015
Page 20 of 31
Dollars ($10.00) and other good and valuable consideration, the receipt, adequacy and sufficiency
of which are hereby acknowledged, the Parties agree as follows:
1. Recitals. The foregoing recitals are true, correct and complete and constitute the
basis for this Agreement and they are incorporated into this Agreement for all purposes.
2. The Completion Amount. The City and the Developer agree that the Hard Costs
required to complete the Improvements in the aggregate should not exceed the sum of EIGHT
MILLION FIVE HUNDRED THIRTY-THREE THOUSAND TWO HUNDRED SIXTY-ONE
DOLLARS AND SIXTY-TWO CENTS Dollars ($8,533,261.62), hereinafter called the
“Completion Amount”. Notwithstanding the foregoing, it is acknowledged that the actual costs of
completion of the Improvements may vary as a result of change orders agreed to by the Parties,
but such variances for the purposes of this Agreement shall not affect the Completion Amount as
used herein.
3. Adjustments to the Completion Amount. The Lender may from time to time make
advances to the Developer for the development of the Property under the development loan that
has been made by the Lender to the Developer for the purpose of financing the costs of constructing
the Improvements for the Property (the “Loan”) subject to, and in accordance with, the terms,
conditions and provisions of the Loan Documents (which term is hereinafter defined) evidencing
and securing the Loan. Some of those advances shall be for Hard Costs as specified in the
“Approved Budget” relating to the Loan, a copy of which Approved Budget is marked Exhibit
“B”, attached hereto and incorporated herein for all purposes, with the Hard Costs line items
highlighted. The term “Hard Costs” shall mean the actual costs of construction and installation of
the Improvements. To the extent that advances under the Loan are for the payment of Hard Costs,
the Completion Amount shall be deemed reduced, dollar for dollar. The Lender may withhold
statutory retainage from any advances under the Loan or pursuant to this Agreement. All such
retainage withheld, to the extent it is attributable to Hard Costs, shall also reduce the Completion
Amount dollar for dollar. All retainage withheld by the Lender for Hard Costs that are advanced
to the City pursuant to this Agreement shall be released to the City as provided in the Texas
Property Code upon expiration of the statutory retainage period.
City of Fort Worth, Texas
Standard Completion Agreement – Lender-Funded Revised 01.30.23 BN
CFA Official Release Date: 07.01.2015
Page 21 of 31
4. Completion by the Developer. The Developer agrees to complete the
Improvements on or before the date for completion that is established in the Loan Documents plus
thirty (30) days (the “Completion Date”), in accordance with the CFA, the Plans approved by the
Lender and the City and all documents evidencing or securing the Loan (collectively, the “Loan
Documents”). For the purposes of this Agreement, the development of the Property shall be
deemed complete upon acceptance by the City of the Improvements. The City shall promptly
notify the Lender and the Developer upon such acceptance.
5. Completion by the City. In the event that either: (A) the development of the
Property is not completed by the Completion Date for any reason whatsoever, or (B) the Developer
is in default under the Loan, then the Lender, at its sole option, may request the City to complete
development. The City may, at its sole option and at the cost and expense of the Developer, within
10 days from receipt of Lender’s request, notify Lender that it will undertake to complete the
Improvements and the City shall then commence, pursue, and complete the Improvements in a
reasonably timely, diligent and workmanlike manner in accordance with the Plans, subject to the
terms of this Agreement. The Lender and the Developer agree that the City may use the Plans as
necessary to complete the Improvements.
If the City does not timely elect to complete the construction of the Improvements or if the
Lender does not request the City to complete construction of the Improvements, then the Lender
may at its election terminate this Agreement, or at its option, proceed to complete the
Improvements, or foreclose on any of its collateral, or take any and all such action as may be
provided under the Loan Documents.
6. Advance of Completion Costs to the City and Delivery of Hard Costs Collateral to
the City. In the event the Lender has requested the City and the City has elected to complete the
Improvements, Lender shall transfer to the City all remaining undisbursed Hard Costs specified in
the Approved Budget within 10 days of the date that the City elected to complete and provided
Lender with written notice of such election.
The Developer hereby authorizes and instructs the Lender to make the transfer of any
remaining undisbursed Hard Costs specified in the Approved Budget to the City within 10 days of
notification that the City elects to complete the Improvements.
City of Fort Worth, Texas
Standard Completion Agreement – Lender-Funded Revised 01.30.23 BN
CFA Official Release Date: 07.01.2015
Page 22 of 31
In the event the cost to complete the Improvements exceeds the moneys transferred to the
City, City shall notify Lender and Developer in writing of the need of additional funds. The
additional funds required to complete the Improvements shall be delivered to the City within 10
business days following notification to Lender and Developer. Failure to deliver the additional
funds shall relieve the City of the obligation to complete the Improvements, in which event City
shall use the Hard Costs funds in its possession to pay the contractor(s) all funds due it/them. Any
remaining undisbursed Hard Costs shall be returned to Lender within a reasonable time.
7. Completion by the Lender. The Lender may, at its discretion, but shall not be
obligated to, undertake to complete the Improvements if there is any default under any Loan
Documents in lieu of requesting the City to complete the Improvements. If the Lender elects to
complete the Improvements, any Hard Costs it expends shall, dollar for dollar, reduce the
Completion Amount.
8. Easements. In the event the City or the Lender undertakes the completion of the
Improvements, the Developer (and to the extent necessary the Lender) grants to the City and the
Lender open access to the Property and shall execute and deliver such temporary easements over
and across the entirety of the Property for the purpose of access and use for the completion of the
construction of the Improvements in accordance with this Agreement. To the extent requested by
the City and the Lender, written temporary construction easements in form acceptable to the City
and the Lender shall be executed by the Developer and filed of record. Nothing in this paragraph
shall reduce any rights of the Lender or obligations of the Developer under the Loan Documents.
9. Lender’s Rights. Nothing in this Agreement shall affect any portion of the Lender’s
collateral for the Loan or limit or impair the Lender’s right to foreclose the same or deal with the
collateral as it elects in accordance with the Loan Documents.
10. Satisfaction of the City Requirements. The City agrees that the assurances and
covenants contained in this Agreement satisfy all requirements of the City with respect to
Developer’s performance bond or other financial security in connection with the development of
the Property and the completion of the Improvements that are contained in the CFA or in any other
agreement relating thereto, and the City hereby accepts the assurances and covenants contained
City of Fort Worth, Texas
Standard Completion Agreement – Lender-Funded Revised 01.30.23 BN
CFA Official Release Date: 07.01.2015
Page 23 of 31
herein in lieu thereof. To the extent the CFA irreconcilably conflicts with this Agreement, the
provisions of this Agreement shall control.
11. Termination. This Agreement shall terminate upon the earlier to occur of the
following: (a) acceptance by the City of the Improvements; (b) mutual written agreement of
all of the Parties; or (c) the reduction of the Completion Amount to zero. However, release of the
plat shall be governed by paragraph 12 hereof and termination pursuant to (b) or (c) of this
paragraph 11 shall not require the City to release the plat.
12. Final Plat. The Parties acknowledge and agree that the City shall hold the final plat
of the Property until the Improvements are completed and accepted by the City and all Hard Costs
contractors have been paid, less retainage. Upon acceptance by the City and receipt of evidence
from the Developer showing that all Hard Costs contractors have been paid, including but not
necessarily limited to lien waivers and bills paid affidavits, the City shall within a reasonable time
file the final plat for the Property in the Plat Records of the county where the Property is located.
The purpose of the City retaining the final plat of the Property as provided herein is to guarantee
the Developer’s obligations under the CFA are completed.
13. Construction Contracts. Developer agrees to include in each Construction contract
that it enters into for the completion of the Improvements the following:
a. A statement that the City is not holding any security to guarantee any payment for work
performed on the Improvements;
b. A statement that the Property is private property and that same may be subject to
mechanic’s and materialman’s liens;
c. A requirement that each contractor contracting with the Developer release the City from
any claim that is related to the Property of the Improvements; and
d. A requirement that each contractor contracting with the Developer include in each
subcontract the statements contained in a., b., and c. above.
14. Miscellaneous.
A. Non-Assignment of Agreement. This Agreement may not be assigned by any of the Parties
without the prior written consent of all the other Parties.
City of Fort Worth, Texas
Standard Completion Agreement – Lender-Funded Revised 01.30.23 BN
CFA Official Release Date: 07.01.2015
Page 24 of 31
B. Notice. Any notice required or permitted to be delivered under this Agreement shall be
deemed received on actual receipt by the appropriate party at the following addresses:
(i) Notice to the City shall be addressed and delivered as follows:
City of Fort Worth
Planning and Development Department
200 Texas Street
Fort Worth, Texas 76102
Attention: CFA Division
Rebecca Owen, Development Manager
Email: Rebecca.Owen@fortworthtexas.gov
Confirmation Number: 817-392-7810
and/or
Attention: CFA Division
Email: zz_DEVSVCS_CFA@fortworthtexas.gov
Confirmation Number: 817-392-2600
With a copy thereof addressed and delivered as follows:
Thomas Royce Hansen
Office of the City Attorney
City of Fort Worth
200 Texas Street
Fort Worth, Texas 76102
Confirmation Number: 817-392-7611
(ii) Notice to the Developer shall be addressed and delivered as follows:
FG ALEDO DEVELOPMENT, LLC
3045 Lackland Road
Fort Worth, Texas 76116
Email: kgill@sableholdings.com
City of Fort Worth, Texas
Standard Completion Agreement – Lender-Funded Revised 01.30.23 BN
CFA Official Release Date: 07.01.2015
Page 25 of 31
(iii) Notice to the Lender shall be addressed and delivered as follows:
Plains Capital Bank
3707 Camp Bowie Blvd. Suite 100
Fort Worth, Texas 76107
Email: dakota.rawls@plainscapital.com
A party may change its address for notice upon prior written notice to the other parties pursuant to
the terms hereof.
C. Texas Law to Apply. This Agreement shall be construed under and in accordance with the
laws of the State of Texas.
D. Parties Bound. This Agreement shall be binding upon and inure to the benefit of the Parties
and their respective legal representatives, successors and assigns.
E. Legal Construction. In case any one or more of the provisions contained in this Agreement
shall for any reason is held to be invalid, illegal, or unenforceable in any respect, such
invalidity, illegality, or unenforceability shall not affect any other provision of this
Agreement, and this Agreement shall be construed as if such invalid, illegal, or
unenforceable provision had never been contained in this Agreement.
F. Prior Agreements Superseded. This Agreement constitutes the sole and only agreement of
the Parties with respect to the subject matter hereof and supersedes any prior
understandings or written or oral agreements among the Parties concerning the subject
matter hereof; provided, however, that this Agreement shall not supersede, amend or
modify any of the Loan Documents or any portion thereof.
G. Amendment. This Agreement may only be amended by a written instrument executed by
all of the Parties to his Agreement.
H. Headings. The headings that are used in this Agreement are used for reference and
convenience purposes only and do not constitute substantive matters to be considered in
construing the terms and provisions of this Agreement.
City of Fort Worth, Texas
Standard Completion Agreement – Lender-Funded Revised 01.30.23 BN
CFA Official Release Date: 07.01.2015
Page 26 of 31
ACCORDINGLY, the City of Fort Worth, Developer and Lender have each caused this
instrument to be executed in quadruplicate in each entity’s respective name by its duly
authorized signatories effective as of the date executed by the City’s City Manager or his/her
designee.:
CITY OF FORT WORTH:
Dana Burghdoff
Assistant City Manager
Date:
Approved as to Form and Legality:
Richard McCracken
Sr. Assistant City Attorney
M&C: N/A
Date:
ATTEST:
Jannette Goodall
City Secretary
DEVELOPER:
FG ALEDO DEVELOPMENT, LLC
By: KTFW INVESTMENTS, INC.,
A Texas corporation, its manager
Name: Kim Gill
Title: President
Date:
LENDER:
Plains Capital Bank
Name: Dakota Rawls
Title: Vice President
City of Fort Worth, Texas
Standard Completion Agreement – Lender-Funded Revised 01.30.23 BN
CFA Official Release Date: 07.01.2015
Page 27 of 31
Kim Gill, the Guarantor of the Development Loan, is executing this Completion Agreement
for the sole purpose of acknowledging that advances that are made by the Lender pursuant to this
Completion Agreement shall be deemed to be advances that are made under the Loan that shall be
subject to and covered by the Loan Documents and the Guaranty Agreement that was executed by
Kim Gill.
GUARANTOR
By:
Name: Kim Gill
Title: President
City of Fort Worth, Texas
Standard Completion Agreement – Lender-Funded Revised 01.30.23 BN
CFA Official Release Date: 07.01.2015
Page 28 of 31
List of Exhibits to the Completion Agreement
Attachment 1 – Changes to the Standard Completion Agreement
Exhibit A - Legal Description
Exhibit B - Approved Budget
City of Fort Worth, Texas
Standard Completion Agreement – Lender-Funded Revised 01.30.23 BN
CFA Official Release Date: 07.01.2015
Page 29 of 31
ATTACHMENT “1”
Changes to Standard Completion Agreement
None
City of Fort Worth, Texas
Standard Completion Agreement – Lender-Funded Revised 01.30.23 BN
CFA Official Release Date: 07.01.2015
Page 30 of 31
EXHIBIT A
WHEREAS FWFW HOLDINGS, INC. is the sole owner of a 71.964 acre tract of land located in the M.S. Teeter Survey, Abstract
No. 2070 and the J.D. Morris Survey, Abstract No. 927, Parker County, Texas, said 71.964 acre tract being a portion of a called
737.227 acre tract of land conveyed to FWFW HOLDINGS, INC., by deed thereof filed for record in Instrument No. 201410303,
Official Public Records, Parker County, Texas (O.P.R.P.C.T.), said 71.964 acre tract of land being more particularly described by
metes and bounds as follows:
BEGINNING at a 5/8 inch iron rod with a cap stamped "SPOONER 5922" set (hereinafter referred to as an iron rod set) on the
north property line of the said 737.227 acre tract, from which a 4 inch brass Texas Department of Transportation monument
found at the northwest property corner of the said 737.227 acre tract, same being the most westerly southwest property
corner of a called 350.42 acre tract of land conveyed to 350 Lyons Land Investments, LLC, by deed thereof filed for record in
Parker County Clerk's Instrument No. 202112419, O.P.R.P.C.T., bears North 89°46'48" West, a distance of 694.38 feet;
THENCE along the common property lines of the said 737.227 acre tract and the said 350.42 acre tract the following courses
and distances:
South 89°46'48" East, a distance of 1,739.72 feet to an iron rod set;
South 01°11'55" East, a distance of 247.34 feet to an iron rod set;
North 89°26'50" East, a distance of 930.00 feet to an iron rod set;
THENCE South 00°54'35" East, departing the said common property lines, over and across the said 737.227 acre tract, a
distance of 1,638.73 feet to a 5/8 inch iron rod with a cap stamped "SPOONER 5922" found (hereinafter referred to as an iron
rod found) at a northeast corner of the proposed plat of Morningstar - Westpoint Parkway (not yet filed for record);
THENCE over and across the said 737.227 acre tract and along the northerly lines of the said proposed plat, the following
courses and distances:
South 83°32'27" West, a distance of 221.98 feet to an iron rod found;
North 83°25'30" West, a distance of 98.61 feet to an iron rod found;
North 20°40'01" West, a distance of 211.46 feet to an iron rod found;
North 49°20'43" West, a distance of 105.00 feet to an iron rod found;
North 40°39'17" East, a distance of 110.00 feet to an iron rod found;
North 49°20'43" West, a distance of 60.00 feet to an iron rod found;
South 40°39'17" West, a distance of 85.86 feet to an iron rod found;
North 82°34'23" West, a distance of 259.74 feet to an iron rod found;
North 68°15'24" West, a distance of 1,533.51 feet to an iron rod found;
THENCE departing the northerly lines of the said proposed plat, continuing over and across the said 737.227 acre tract the
following courses and distances:
North 00°13'12" East, a distance of 389.89 feet to an iron rod set;
North 89°46'48" West, a distance of 463.21 feet to an iron rod set;
North 31°34'27" West, a distance of 107.78 feet to an iron rod set;
North 00°13'12" East, a distance of 488.39 feet to the POINT OF BEGINNING.
The herein above described tract of land contains a computed area of 71.964 acres (3,134,756 square feet) of land, more or
less.
City of Fort Worth, Texas
Standard Completion Agreement – Lender-Funded Revised 01.30.23 BN
CFA Official Release Date: 07.01.2015
Page 31 of 31
EXHIBIT B
APPROVED BUDGET
Section I
Water $1,944,428.00
Sewer $1,882,060.20
Subtotal $3,826,488.20
Section II
Interior Streets $3,066,864.62
Storm Drains $1,351,496.00
Subtotal $4,418,360.62
Section III
Street Lights $288,412.80
Sub-total $288,412.80
TOTAL $8,533,261.62