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Home My WebLink AboutContract 27866. , i 1 . , , � ' � � i' . �1 i c � � 1 � V��Y��I� ��M�G��I�V �Y��L+¢�� 1 THE STATE OF TE?CAS � COUNTY OF TARRANT § City Secreiary Contract No. �� p �, WHEREAS, WestlLoop 820 Partn�rs, a Texas General Par�nership, hereinafter called "Deweloper", desires to make c�rtain improvements to Settlement Piaza Addit9or�, Phase 11, an addition to t�e City of Fort 1�'Vorth, Texas; and WHEREAS, the said Developer has requesfed the City of Fo�k Worth, a municipa! corporation of Tarra�t and Denton Counties, Texas, hereinafter cailed "City", to do certain work in connec#ion with said improveme�#s; f�OW, THEREFORE, KNOW ALL BY THESE PRESENTS: Tha� said Developer, acting herein by and through WestlLoop 820 Part�ers, a Texas General Partr�ership, by Qrinda Capital Partr�ers, L.P., a Texas �imited partnership, Managing Partner, and by Orinda Managers, inc., A Texas cc�rporation, Gener�l Partner and through James J. Mel�no, its uly a� riz�d, Vice President, and the City, acting herein by and through ' r, its duly authorized Assistant City Manager, for and in consir�eration of the covenanfs and conditions contained herein, do hereby agree as follaws: �� u ' � "" � +�'l��rUV�U � ,� 7 h2 SECTION ONE COMMUNITY �ACILITIES AGREEMENT to install WAT�R AND SEWER SERViCES fnr S��i�,��lY��i V�L�C� �►��1TlOP� 1�MAS� � � i t ' �. A. The City agrees fo permit the Devefoper to let a contract for, �n accordance with its accepted pract�ces, ordinar�ces, regufaiions, anci fihe pravisions of the Cjty Charter, and subjecfi to the rec�uirements ofi the City's Charter, and su�jecfi to the requir�ments af the Cify's Palicies and Regulations for Installation of Community Faci{ifiies, a�i as cu�re�tt at tha time of installation: 1NAi�� F'�CILITI�� serve the lots as sf�ow� on tt�e attached Exhibit A, and �I��dIi��Y ��L�ild��t �A�IL.IT'l�S �o serve the lots as shown on the attached Exhibit �e� a{I in accordance with pfans and specificatioris to be prepared by private eng�neers ern�loyed by the Developer and appro�ed by the Water Departmer��. B. The City agr�es to allow the Deveiaper to install, at his expense, at the time all o�her water mains in this additian are instalied, a service 1in� for each lot as shown on the aftached Exi�ibit A. The es�imated cost nf these service lir�es is $ 46,05D. The Cify agrees to recard the tocation nfi �ach said servic� line in respect �o the corner of the lot served, and to retain said records in its pa��ession. C. The construction cos# of the water facilities herein concerned, excfusive of service lin�s ar�d er�gineering i� estimated io be One Hundred Sixty- Three `Thousanai, �igh� F�ur�dr�d �orty�F'our D�Ilars i$�163,844) , D. The Cifiy agrees to allow the D�veloper to install, at his expense, at t1�e time all other sanitary sewer ma�ns in this addifion are installed, a s�rvice line for each lot as shown on the attached Exhibit �1�'! . The estimated cosrt of th�se service lines is $�'1,7�0. Th� Gity agrees to record the location of each �aici ser�ice line in respect fio th� corner of the iot served, and to retain said records in its possessior�. E. i"he car��rucfiic�ri r.osf of th� s�nitary sewer faciliti�s fio be instalfec� hereu��er, exclusive of service lines ar�d engineering, is esfimated to be One Hundeed Yhirt�-One ihou�and, �ne Hur�dred Yw�ntymT'hr�� Dollars {�13'�.123). I-1 ,, ,, , , �R,�,]�CT i�AfVY�, ��iYL��MI��`� 1rIL�AC�� r4��lTl�l! PWAS� � F. Prior to allowance of the cor�struction contract by D�vefop�r, the Develo�er agrees to provi�e acceptable financia! guarantee to th� city for 140 p�rcent of the car+struc�ion of the construction costs alo�g with payment of any Ordinanc� costs and fee� fihai are applicabfe. Prinr ta the award of the cons#ruction contract by the Gity or the commencing of any work by th� City or its contractors, the Devefoper agrees to pay to the Gity: {1} (a) Qne Hundred �erc�nt ("lOD%} of the D�veloper's cosi� of all water and sar�itary sewer facilitEes withi� the develflpment, ex�ius�ve of engineering and service costs, �ized to provic�e water and sanitary sewer ser�ice withrn the deveiopment. . (b)One hundred p�rcent (100°/fl} o� the D�►�elaper's cost of all appraach v�vater and sani�ary sewer fiacilities autside the iimits of the devefopmen# si�ed to provide water and sanitary sewer service ta ti�e de�efopment. (c) One hundred percent {10D°lo} of the Developer's cost of any approach water main facility pr wat�r faciliiy within tY�e development th�t is 8-inches in size for non-indus�riaf development and ��-inches in size far indus#rial developm�nt. �d}�ne hundr�d percen� {1Q0%} of t�e Developer's cost ofi ar�y ap�roach sanitary sewer main faciji�y ar sanitary s�wer fiacilify within fhe developm�nt tha�t is 8-inches in size. (2} An additiona] ten percent ('k0%} ofi the totaf of the Developers cost of these vvater and sanitary sewer facilities, exclusi�e of cost of service �ines, is required for design engineering if such engineering is performed by t��e City at tne Developer's r�qusst. (3} �lne hundred perc�r�t (100°Jo) of the De�elop�r's cost of ail service }ines, estimat�� ttnder 1-8 a�d '1-Q af�ove, in accordance with �h� pro�isians afi the curre�f �orE Wor�h City Code. (4) /� consfruction Inspecfiion Fee equal to �rnra �2%) af the Devebper's actual co�fi share ofi fhe cnnstruction cost (incl�ding ail servic�s) af fhe water andlor sanitary sew�r faciiities. G. The dist�ibufiion of estim�ted cor�strucfion cost �etween fhe City and the De�eloper, as per paragraph 1-F above, far all water and sanitary sewer facilities fo be construc�ed hereunder is estirnated as foliows: I-� � , �ROJ�CT �AM�: S�TT��i�i VIL�AG� A�i�IiIC]N PWAS� 2, (�} �,�►�'�� FAGlLIi�G� :, Estimated ** Developer Estimated Total Cost City Cost Cost (a) Mains, Within De�elopment $ 154,178 $ -0- $ 154,178 Approach $ -0- $ 9,666 $ 9,666 {b) Easements�` $ -0- $ -0- $ -0- (c} Se�ices 115 - single 1") $ 46,05a (d)Par� Par�icipation $ -D- Sub-Totals, Water $ 2D0,228 (2) S/��lIiARY S�1fV�R F�CI�l�'l�5: (a) De�elopment $ 131, � 23 a��ra��n � -o- {b) Easement� * $ -0- �G� ,�'`�EfVIC�� '��J -4"� � J�,7rJn {d}Park Participation $ -a- Sub-Totals, Sewer $ 152,873 (3} T�YAL COi�SYRUCiIOA! C0�7: $ 383,10`I (4) COA]STRl1�Tlf��l l��F"�CTI�N F�� ; $ 7,662 *to be dedicated by ti�e developer. ** see Page I-4 fior Ciiy Cost I-3 $ -p- $ 46,D50 $ -0- $ -0- $ 9,666 $ 209,894 $ -�� -o- � -o- $ -Q- $ -4- $ -0- $ 931,'123 � -a � _�_ $ 51,750 $ -Q- $ 182, 873 �, • ... $ 193 $ 392,767 $ 7,�3�5 �, ,, � � 1 � �`* C1TY PARTICIPATION BREAK-DOVIfN FOR: �R�JI��i �4��: S�7Y�,�1�41�h�i VlL�AC� A�I�ITION pHAS� 2 ' ' � OVERSIZED WA TER 1U1A1N (De�eloper pay� �ap to 8" water line; City pays the difference between 12"18" wai�r line, gate va{ve and fittings) 12"18" Water Line ($26�-17) a�eraged costs 1,07� L.F. x $9 = � 9,666 The cosf difF�rence is iaased on estima�e only. �►cfi�ual re�urtt! �o �evelaper �hall be b��ed on 1lldater and �evue�° City Parr�icipation C�A Un�� F'r�ices aiiach�d herewi�h on pag� f-�. TOYr�L �iTY �ARiICI��iIOf� F4� 1dVATER ��P�►RiC1�11�Ni ry � �,sss z-a� WAT�R Pay l#em 1 2 3 4 5 6 7 8 9 'I 0 11 12 � s�wrR � Pay Item i � � 2 � 3 � 4 ` 5 � � I � $ �9 10 , V11a�er and Sewe�° �ity Pa�ticipa4ion CFA Unifi �rices llnit DEscription LF 6" Water Pipe LF $" Wat�r Pipe LF 10" Waker Pipe tF 12" Wat�r f'ipe LF 16" Water Pipe �A 8" Gate Valve wlCast lron box & Lid �A 10" Gate Valve wlCast Iron box & Lid EA 12" Gate Valve wlCast Iron bax & L9d �A 16" Gate Va1ve wlCast lron box & Lid iN Cast Ironlpuctii� iron Fiktings Instali 1" Air & Vacuum Release Valve EA wNauii Insta114" blow-4ff w14" Gate Valve & �A Sum� ManF�oie Unit Descriptian LF 6" Sanitary Sewer �ipe L.F 8" Sanitary 5�wer Pip� LF 10" Sanitary Sewer Pip� LF 12" 5anitary Sewer Pipe l.F 15" Sanitary Sewer Pipe LF 18" Sanitary Sewer Pipc LF 21" Sanitary Sew�r Pipe I�F 2�4" Sanitary Sewer Pipe EA Standarcf �4' Diameter Manhole �A Standard �' Diamet�r Manhale I-S Unit price from Developer"s Projects $ '15.fl0 $ 17.00 $ 24.00 $ 26.4Q $ �k0.00 $ 676.OQ � �,�sz.ao $ 1,223.Q0 $ fi,587.00 $ 2,969,DD $ 3,534.00 $ 3,624.00 i3nit Wrice from D�vefoper's Projects � 2�.oa $ 25.00 $ 26.00 $ 27,00 $ 2�3.Q0 $ 38.00 � ��.aa � 48.00 $ 1,293.D0 $ 3, 925.OQ ,, �R�]J�Ci I�AI��, S�TY�CNIENi VIL�A�� Al3�li#Qf� �H�S� Z H. Th� above charges do not includ� any front foot c�arges for connection to existing or praposed water andlor sanitary sewer mains construct�d ar to be consfructed under the provisions af fihe "APPROACH MAiN OPTION" as described in Section 1!I of the Poficy for the "INSTALLATION �F COMMUNITY FACILIT{ES" adap�ed in Septem�er, 1992. These additional charges are as follows: 1. Applicable ta this Contract in ihe amoUnt of $ N/A. by Contra�t No. NIA dated NIA �,pplicable C�A Name I�IA Date: I�IA Number NfA Wl��r� water facifiti�s are instaEl�d by car�tract, instailaiinn of wai�r services will b� incl�d�d as p�rt o� t�►e contract. Ins#a�lation of ineter boxes on thase services may be done by the City, after completion ot �onstr�aciion r,�f �I! relati�e curb and gutter work on the water facilities project site, at a cost of $701$� 35 �er contract-instalfed charge �o be due �nd payable prior to issuance af a Wo�k Or�er on the water facilj�ies in�fiallatiort contract. The abo�e charges do not a�ply if the De�elop�f elects to includ� meter box insfi�llation as part of the contract. However, meter boxes must conform City siandar�s. ,!. VVithin a reasonabl� time after �am�letion of the a[�ove re�erenced facilities to be constructed !�y contract awarded by the Developer, provided afi conditions for City participation .have been met, the City agrees to p�y the DevEloper the °Estimated City Cost° set ou# in 1-G abo��; pro�ided, I�owever, that said payme�� shall be calcufated using the actual cor�strUciion costs and actual service costs und�r the provisions of fhe curre�tt Fort Worth City Cade, (said payment to be calculated as in 1- G a�o�e), base� on acfual q�antities as refiCected in the �na! estimate paid to the Contractor by the Developer and on #he actua{ recor�s af cost kept by the City as a par� of its cusfomary �rocedures. in fih� evenf �he ��ffe�-ence in the d�posit and the actual costs exceeds $25, Developer agrees to pay �o the Gity and �nderpayment which said ad�ustment might in�icate as being due, and ��te Ci�y agrees ta pay to Develaper any over�aym�nf. I-6 PR�,I�C�' NA�fl�: SI��TLE��idi VI�L�G� AD�Ii10N �H,4S� � { � K. Work hereunder sh�1i be compieted within two (2} years from date hereof, and it is understood that any obligation on the part af the City to make any refunds with respec# to water a�dlor sanitary sewer facilit�es shal{ eease upon ihe expiration of twa (2) years firom c�afe her�of, excepi #or refunds due from "frortt foot cl�arges" on water and sanitary se►rver mains, ,�n��n refunds may continue to be made far a period of ten (10) years commencing on the dat� that a�proach mains are accepted by the pirecfio�. if less tnan 7Q% of the efigibl� collec#ions due ta th� develaper has been collected, the D�veloper may requesfi in writing an �xfension of up to an additianai 'I U years for collection of froni charges. in the event water andlor 5anitary sew�r �acilities work is not comple�ed within ihe (�} year period, City may, at its efection, complete such work at de�eloper's expense. �. I� is f�riher agre�d and unders�ood that any additional payment required o# Q��elaper is to cov�r only such additional work �ndlor materials as may be made neces�ary by canditians encaun�ered during construction, and shaU not include any ehange in scope o# the project. RECOMMENDED: � t `/ - J ., � , Jr I ,� 1,,' � � �, � � f, �-- - - !,'pale �1. �is�el�r, P.E. Wa�er Direc�or i �l � .f� �' I oafe I-7 � k COIV�IVll1NliY F/��i�iTl�� R�I�i'��I�i �o in�fall Si��T, �iOFtN� ��1N, S`iRE�� ICHY �i�D ST��i NAi�I� �IGiV IM��i,'�ll��NiS F'+OR S�Ti��ll��fi I�L�A �D�I�I�N, PbAS� II A. The Developer�sj agree to ir�staf( or to cause to have instalfed, the street, storm drainage, s#reet lighting, street name sign and a#her cammuni�y facilities improvements shown as "curren� impro�ements" on #he �ttacl�ed Exhibifs �. �1. �nd C. B. The Developer agrees �o comply wifh a[I city accepfied pr�ctices, �ordinances, regulat�ons, as well as provisions ofi fihe Gity Charter, the City Subdivision Or�inan�ce, City Design S#andards and the current. Poiicy for installation of Cammunity Facilities in the design, contracting and instailation o� r�q�aired "current improvements". C. The De�eloper agrees to comply wi�h the G�neral Reguirements contained herein (Attachment A). D, As shown on the attached "Summary of Cost", the Developer agrees to fund his share ofi "current improvements" an� to pay the Ci#y for his share of the cost of str�et, storm drainage, stree# lighting, street name signs as showr� on the attached Exh9bits �, �� and �. E. Payment is due at the time this agreement is executed by the City and the Developer. F. The estimated total G05fi of current improvements and rela#ed suppart services specified in this agreement, including design, construction and inspec�ion 'is estimated to ��2�,Ofi5.00. In accordance with the City's current Policy far Installation of Community Facilities as shown in #h� Cast Summary on page 3. The Developer shali contribute �ollars $i�7,��0.�D. of the total amount. The C�ty shall contribute Do�lars $37,��.OD. � 5 G. De�eloper agrees to prvvi�e, air �is expense, all necessary rights of way and easements req�ired to canstruct current and future improvements provided for ir� this agreement. _�{ o H. Developer agrees to relie�e fhe City of any responsibilit�es for any inadequacies in the prefiminary pians, specifeations and cast estimates supplied for the purpose of this contract. I. Developer also agrees to install or adjust a11 of the required utilities to serve the de�elopment or #o construct the improvements req�ired herein. .!. De�eloper agrees that no street construction or storm drainage will begin prior to City Co�nc�l approval of t�is Community Facilities agreement. (Article '� 04.1 �0, Ord ir�ance 7234j. K. Deveiaper agrees that no lot herein have been construc#ed (Artic1� shall be occupied until improvem�nts require� 104.10Q, Ordinance 7234). l.. Developer agrees to complete the improvements covered by this agreement within 90 calendar days after ha�ing been insiructed to do so, in writing, b� the Director o�f Transportation and Public works. If is unders�ood that the d�veloper wifl initiate �he consfiruction of all impro�ements to conform with his own sched�ale, except for those impro�ements which �he Transporiation and Publ�c Vllorks Director deems necessary for the praper and orderly de�elopment of the area. !n the event Developer faiis to carry out any such instructions within the 90-day period, the Develo�er gives the City �he right to design and award a contract, and inspec� the im�rovements in question, and ag�ees to pay to the City prior to the award of the confract, the amount of the low bid. M. City partic�pat�on in "curre�t impro�emer�ts" shall not exceed 125% o� cos# shown in Summary of Gost. N. Nothwithstanding anything contained herein #o the contrary, Deve�oper shall be relea�ed of any obt9gation De�eloper has under the ferms of the Gommunity Facilities agreement to install sidewalks as part of the impro�ements covered by this agreem�nt so long as Developer obtains from the applicable homebuilder a De�elopment Bond issued #o the City, as Ob�igee ihereunder, guranteeing performance and payment by such homebuilder of the sidewal�s installa#ian obligation hereunder. The aforesaid -2- �' Deve�opmenf Bond sha11 be in the farm thereof � a�tached hereto as Attachment "D" and made a part hereof for all p�rposes, and shall caver such hamebuilder's obligat�on to install and pay fior on a timely basis the sidewalks required by this Community Facilities Agreement. Furthermore, upon the issuance of such Development Bond to the City, the City shall not withhald its acceptance of any ot�er improvements cover�d by this Community Facilities Agreement upon completion thereof by De�eloper solely as a result of the non-installa�ion of the required s�dewalks, it being understood that the instapation of the sidewalks will occur subsequent to City acceptar�ce of such other impro�ements and will be performed by s�ch homebuilder on a!ot by lot basis in connectian with the building of a residenee on each such lot within the subdi�ision. In that regard, tt�e homebuifder will be entitled to a certificated of occupancy on a Io� by lo# basis upon safisfactory comQletion of al{ other re.quirements of the Ci�y perkaining #o the issuance of such certifieate of occupancy. �3� � sc�►v1i�,��Y o� c'os� S��iL��li�'f�'i �L��A ADD1TIOfV � Pai4S� !! � � I�em Developer Ciiy �ost %fa! Cos� Cosf A, Canstruction 1. Streets 2. Storrn �rainage 3. Street �Eghfs 4. Street Name 5ig�s B. Engineering Design C. Construction Engineering and Management t�y DOE (2%} TOTALS $ $ � � $ $ I� 497,624.00 $ 274,729.Q0 $ 6,000.00 $ _ � _ � �5,447.D0 793,aaa.00_� � - $ 17,325A0 $ � s,00a.oa � soo.aa � 1,a40A0 $ (*) $ 37,265.00 ` $ NOTE� 1. All Preliminary I'lats filed after July 11, 2000 will require sidewalks on all streets. Forty-two (42) fee# and wider str�et include sidewalk cost. 5idewaik cost included under street cos#. Sidewalk to be constructed by developer. 2. Construcfion items {'i-2) cost includes 10% continge�cies far De�eloper and City. 3. Developer's calumn for Item C represen�s two percent (2°/a) costs for construction inspection and materials testing. (�`) Represents Ciiy par�icipation for construckion faes. 4. City not preparing plans and specifications. 497,824.00 292,054.00 2a,aoo.oa 9b0.00 1,040.00 15,447.00 831,065.00 C�A CODE: 20'I97 4 PPO'i 028 DAT�D 7125101 E. STREET LTGHTS: 1. STR�ET L��HT COST EST�MA.T� ZNTERS�CT�ONS MID-BLQCIC RESIDENTIA� CF-I�I�TGE OF I]IRECTION RESID�NTIAL M�D-BLOCK COLLECTOR MTT]-BLOCK AR'�ERIAL PARKYJAY MID-BLOCK AR�'�RIAL MEDTAN RET�OCATE EX�STING LIGHT 0 EA $ 15 i7 0 Subtotal C�ty'S Cast De'vela�aer' s Subtotal 10% Cantingenca.es Pxoject Total Adjacent D�velc�p�r's Cost Developer's Cost 2a Inspectian F�e Dgve�.opex's Res�onsibilit�r See PG I�Z-1, •`T,ina 7•, 5��.'T�,�N.iFNT PT.�AGA AADxTION �Fuas� �z D�c��znbe� 1'7, 20Q�. QUANiITY UNIT CO�T 5 �A $ 2,000 5 �A $ 2,000 2 �A $ 2,000 0 EA $ 2,000 0 EA $ 2,800 0 EA $ 2,200 TOT.�,.L COS'� �10.000.00 $�O,OOa.00 $4,D00.00 $--0-- �--o-- $�--0-- � $24, {�00 . QO $18,400.00 $O,Oo0.Q0 $0,400.Q0 $O.OD0.00 $O.ODQ.00 $0,000.00 �0,00.0� �'ort Worth. Texas Decernber �.7 , 2 0 D1 ' � � � " II�- 1 2. STREET LIGHTS WO�R UESCRIPTTON: 1. The Developer sha�l p�ovide for the installa�ion a� streetlights at the approximate lo�a�ions shown in Exhib�� "C'�, imm�diately after fina� acceptance o� the street construction, in accordanc� wi�h engineering plans and specificat�ons approved by �he Transportation and Pub1iC Work� Departmen�. 2. S�reetlights on res�dential and /or collector s�reets can be installed usin� averhead ar undergxound conduc�ors with the approval o� the Director o� Transpor�ation and Publac Works. 3. Streetilight� an arterzal s�reets sha�1 b� �nstalled w�th underground canduit and conductors. 4. The Deve�oper shall pro�id� �or the znstallation of � 2-�nch schedule 40 FVC Conduit at a depth not les� than 30 inches and at least 18-inCh behind the cux'b, "clear �rom a11 o�.her utilities". 5. The Developex sha11 pxa�ride ior �he instal�.ation of a 2-inc:h schedule 40 PVC conduit between stxeetlights propased fo� ins�all.a�ion and �he pawer �our�� to become opexationa�, 6. A 3-inch schedule 80 �VC condui� is required vrhen Crossing stx-eets at a depth not less thazi 3a inches, uz�.less indicat�d ath�rwise on the plans concrete pu1.l boxes shall be provid�d at the crossanc� points. `I. S�reet light cozxduit and footiri.gs sha�.1 be ins�al.led by the de�velopar'S cant�ac�or as par� o� and ati tl�e time of s�reat cans�ructioz�,. The city wi11 obtain elec�ric ser�rice and complete �he s��eet light construc�ion in accoxdance with approv'ed plans. 8. The d�velopex or th�ix con�ractar sha11 cantac� City`s st�eet la.ght divisa.on 4B hours pria� to starting any installation of condui� and/or streetlights at (817j 871-8100 �o insure proper inspection of woxk. 9. Tk�e proaedu�e for a.nstalling canduit and �ootiaYgs w�1.1 be wi�h the anspee�or on th� �ob site ox� you can request a Copy by cal.lix�g 8�7- 87�.-E595. SETTI,EM'��,TT k�LAZA ..�,I3ll:E'�'TON, P�TASE 7:7 December �.'/, 2001 i � . 1 III- 2 "STREET LIGHTS" ZNTERSECTYC}NS SETTI�EMENT PLAZA & OLIVIA �R 1. S��"Z'I�EMENT PLAZA & ORiNDA DiZ 1 SETTTaEMENT PLAZA & LTNTON DR 1 MEMORY IlR & LZNTON i]1Z �. M�MORY DR & OLIVIA DR 1. MIb-�3I,OCK S�'I'TLEM�NT PLAZA 7. OLTVIA DR 1 MEMORY DR �- O1�XNDA DR 1 I,�NTON 37R 1 CHANGE OF DIR�G`TIOIVS M�MQRY DR 1 ORIIVIJA D�Z 1 �EZ"�'�EMENT k�L�ZA A.DDI'I'�UN, PHAS� I� . . ,� IV S'�'REET NAME S IGNS l, The City wi11 a.n�ta].� the stree� name signs upan �ina1. appro�cral a� the street construction. The ��re�t narne signs will remair� the propexty of, and wi11 be maintained by, the Ci�y. 2. The City wa.�.l pay for the st�'eet name sa.gn ins�alla�ions x'equixed fa�' this clevelapm�nt �o th� extent of $100.�0 pe� intersection. '�his unit co�� wi1.1 be revis�d annually b� the Department o� Transporta�ion ax'�d Pub�.ic Wa�ks to reflect pxevailing co�ts o� materials and labor. 3. This developznent czeates thE �allowing nine (9) intersections at a cost �o the City of $ 900.00: Ex�edition. Drive and Memory Drive Expedition Drive and Se�.��emen� Pla�a Drive Memox� Drive and Memox'y Drive Memary Drive and Oli'�ria T�xive Ulivia Drive and Settletne�t �1aza Drive Linton prive and Memory Dr�.'ve La.nton Dx'ive and Settlement P�.aza Dx'ive Mema�y Drive and Orinda Drive �ra.nda D�'iv� and Se�til�ment Flaza Drive SE'Z'TLEMENT FI,AZA AI]D�".C�OI� PHASE 2 Fo�t Warth, Texas January 4, 2, 0 0 2 IV-1 � ,' AT�'ACHM�NT A G�NERAL REQUIREMENT� A. it is agre�d and und�rstaod by the parties hereto that the de�elaper sha11 employ a civil enc�ineer, licensed to practice in the State af Texas, for the desi�n ar�d pre�aration of plans and specifications fior the construcfiion of a4f ct�rre�t improvements cover�d by t�is cantract, subject to Paragraph 8. B. For any project estimated to cast less than $10,000 or fior any praj�ct d�sign�c� to serve a single lat or t�act, the d�veloper may at his option request the City to provide the design e�gineering, and if such request is granted, the de�efoper shall pay to the City an amount equal ta 10 percent of the final constructio� cost of such proj�ct fior such �ngineering ser�ices. C. In the event ti�e cieve4oper employs his awn engineer to }�repare plans a�d specifieatiions far any or all current im�ro�an�ents, t�r� plans and s�ecifications so pr�pared shall be subject to a�praval by the deQartment having jurisdiction. One (1? reproducit�le set of plans witn 15 prints and 35 specifications far each facility snalf k�e furnished the department ha�ing jurisdiction. It is agreed and understood that in the even� af �ny disagreement on the p4ans and specificatio�s, th� CiOCISk0�1 of tk�e Transpor�tdtionl�'��lie Works Depart�nent Direc�or, andlor Watet Department DirEetor will be final. D.� 1t is further agreed and undersCoo� by th� parties hereto that upon accapta�ce by the City, title to all �Eacilities and improvements mentioned hereinabove snall �P v�stecf a� ��I �ir�es in the C�t�,� of For� Wor�h, and de�eloper hereby relinquis�es any �-ight, title, or interest in and to saicf fac�litie� or any part he�eaf. E. lt is further agreed that tF�e decisian of the City to r�ot collect funds for "future improvemei��s" r�qui�ed in previaus CFA agreements does �ot constitut� an obligation o� the part af the City to canst�uct such "future improvements" at its expense. ►'�r P F. V1lork h�reunder shall be completed within two (2) years from date hereaf, an it i5 understood tYrat any abligation on the part of the City to make arty refunds with respect to water and/c�r sanitary sewer faciiities ar street, starm. d�ain, street light and street r�am� sign shali cease upon the expi�ation of twa (2) years from date hereof, except for ref�nds due from "front foot charges" an water and sanitary sewer mains, w�tich reiunds may continup to be made for a perio�! of ten (� 01 years commencing on the date that approach mains are accepted by the Directar. 1# fess tY�an 7Q% ofi the e{igibie cailections due to the deWeloper has been ca4lect�d, the Develaper may request in writing an extension of up to an additional `10 years for �collection af frant charg�s. lf the canst�uction ur�der tne Community �acilities Contract shall �ave started within _ tl�e twa-year period, the i+�e of the Cammunity Facilities Cantract shaif be extended for an additiona! ona-year period. Cornmunity Facility Co�tracts not compfet�d ��viLhin the tim� pariod� stat�d abov� wif4 requir� r�r�G�,�;a1 ofi tne contra�t with a4l u�dat.ed agr�ements b�ir�g in campliance with the poficies in ef�ect at the time af such renetival. Developers must recognize tl�at City ft�nds may nat be availa64e tca pay' a11 or a port��n o# the 1-sorm�! C1ty si�are for renewal car�tracts. lt must be und�rstaod by a1f parti�s to the Comm��ity Facilities Cantract tf�at any af the faci4ities or requirements inc4uded in the cantract that are to be perfo�med by th� developer, but not performed t�y th� � deve{oPer within the time periods s�ated at�ove, may be comp4eted by the City at th� dev�laper's expense, Tf�� City of �'art Worth shall r�ot be obligated to ma4�e any refunds due ta the devefope� on any facilities const�ucted under this , agreement until af4 provisions af the agreemer�t are fiuj�filled, G. PEi�F�RMANCE AND PAYMENT GUARANT�ES 1. For _ S_treet� Storm Drain, Street Liaht and 5treet Name Sicrn im�ro�ements to be Co�structed bv the Developer or Citv on Behaif of ihe Developer: Performanc� and Payment bands o� cash deposits acceptable to �the City are re�ui�ed tc� he #urnished �y #he devefoper fior the insta4fation of streets, storm t�rains, s�re�;t iigl��is, �n� sfireet name sig�s, on a non- assessment basis, and mus� be furnished ta the City prior to executioj�� 0 A-2 0 r. e of this cont�act. The perfarmance and payment bonc�s shall be in the amount af one hundred percent ( T �0°/a} of �he dev�laper's estima#ed share of the cost of the streets, storm drains, street lights, and street r�ame signs, if the deposit is in the �orm of cash, the deposit shalf be in the amount o# one hundred twenty five percenfi (125%� af the �ieveloper`s est+mated cost of the streets, storm drains, street Iights, street name signs, and change ord�rs �during the course af the project?. 2. �ar Fut�r� improvement: Performance and �ayment bor�ds o� cash deposits, acce,ptabie to the City are required to be furnished by the deve4aper for one hundred percent �100%1 of th� dEveloper`s es�Eimatec! cosf resulting fram the pavirtg, drainag�, lightir�g and �+arne si�na�a os bar��r str�ets on -an assessmen� pa�ing t�asis. {�efere�ce Section Vl, ltem 3, Deve4o�ment Pracedures Manual.) Sai� per#flrmanc� and payment �onds ar cash ciepasits must be furnished to the City p�iar to ex�cution of this cantr�ct. Where the City lets the cor�tract, }�er#arman�e and payment bands sha41 i�e deposited, in the amount af ane hundreci percent (14Q%1 of the estimated cost of construction as stated in the co�struction contract, is requirad prior to iss+�a�c� of a work order by the City. 3, For V1lafier and Sa+�ifiary Sew�r Facifit�es: P�rfiormance and paym�nt bonds, ar cash deposits, acceptab4e to the City are required to be furnished by ihe dev�fopar for ti�e install�tion of water and sanitary sewer fiacilities. a. Where the de�elo�er lets t�ne construction contract for water and sar�itary s�:wer facilities, performance and paymenC bonds shakl be depasited, in the am4unt of one hundred perce�t �100°/n? of the �stimat�d cost of cc�rrstruction, cash deposited sf�all be in the amount r�i on� hundred twenty-fiiv� ��rrent {�1 ?5%), as stated in tha construction contract, is required to �e furnishe� simul��aneous . wit,i� ex�cutian of the consCruction cantract. Ar� -. A. � 1 e n � i b. Where the City lets the eontract, performance and payment bonds sha11 be depositeci, in the amount of one hundred percent (10Q%) of the estimated cost of canstruction as stated in the construction cantract, is requ�red prior to issuance of a work order by th� City. Tvt�es o# Gu2�rarttees.; a, Performance and P��m�nt Bonds: Are r�quir�d for ti�� consCruction ofi streets, starm c4rains, street lights, and street name signs, the �o4lowing terms and canditions s�all apply; (1) The bonds wifl be standard performance a�d payment bonds provided by a licensed surety company an forms furnis�ned iay �Chat sufety cor��ar�y, (2} The bonds wili be s��ject to ti�e review �ncl appra�a! by the City Attorney, (37 The performance band shali be payabfe to the City and shalf guarantee performance of the street, storm drain, street 4ight, and �traet nam� sign construction contemplated under this cantract, (4f The Paym�nt Bond shal! guarant�� paym�nt for al1 lalaor, materials and equipme�t furrrished in connectio� wit�t the street, storm drain, stre�t light, and street name sign co�structian contempl�ted under this contract. �5) In order far a surety company to be acceptabie, the nam� of the, sure�y sha11 kae inc4ud�d on the curr�nt U.S, Treasury list of acceptabie sureti�s, and the amount of bond w�i�ten by any one acc�ptable campany sha44 not sxceed the amount shown on the Tr�asury ksst �or that cnmpany. b, Cash Depc�sits: A cash deposit verificatian that �n attem�a� to secure A-4 srtial4 be accepfiable with a bond has l�een denied, � suc#� cieposit shall k�� made in the Treasury of the Gity of �orfi Warth, T#�e City a# Fort Worth witl nat pay interest vn any such cash deposit. (1) At suc� time that the contract i5 bid for projects otner than assessment projects, the cash deQosit shafl be adjusted ta ane hundred twenty fiue perc�nt (1 �5%} of the actual bid pricE. No contract shall be awarded and no wark order sha11 be issued u�til s�c� adjustment is made. {2) When a cash deposit is m�de, th� additiorral twenty-fiv� percent {25°�a} beyond the one hur�dred percent (100%y of the estim�ted de�eloper's share fiepresents additiona4 fUnds for chanc�y csrders during tha cours� fl< <�e praj�c�. This twer�ty five percent (25%) sF►asl be co�sidered the d�veloper's ch�n�� order funci. (3) Ifi the developer makes a cash depasit with the City, ti�e dev�laper may make timely withdrawa4s from the cash funds i�r order ta pay the contractor ar�dlor subcontractor based on amount ofi co�s'truction work comp4eted as appraved and �erified by the City Engineer or authoriz�d rey�resentative. For proj�cts whose actua4 tot�1 contract cost is �400,400 or gr�ater, s.uch rele�s¢ r�f sec�srity si�all equal the perG�ntage of work cam�leted for that peric�d mu4ti�fizc� by nin�ty-�+ve p�rcent (95°�of . Tl�is percen�ag� � shal! be ap�alied to the dctual currer�t tatal contract C45i tU det�rrriine the amc�unt that may be reduced upan request af cieva4oper. �or projects whose actual total cantract cast is less than $�U0,000, such refease of security shalf eqt�al the perc�ntage af wnrk com�4eted for that period multi�lied by ninety percent (�0%�. This pErcentage sha11 then be appfied to the actuaf curr�nt total cantract cost to determine the amount of security that may be reduced uy�on request of devefape�. The remaining security, five percent {5%y far prajects of S4U0,000 ar c�reater and t�n percent (10%? for A-5 � � projects i�ss than 5400,00o t��t��r with the remain+ng funds from th� Oevelape�'s �hange Order Fund, if any, will be re{�as�d to the developer after the pro��eC has been acc�pt�d !ay the City. Partiaf release af funds shall be limited to once per m�nCh. There sha11 be na partial re4ease of funds for pro�ects of less than $25,C700. Proof that the deve4aper has paid t�e cor�tractar shal{ be required for partial releases. 5. Purqose, Tern1 and Renewal af Guarantees: a. �er#ormance and payment bonds, �nd cash clepossts fi�rriished hereund�r s�ail be for �the purposes of g�aranteeing satis�actory cor��pliance by the developer with all requirements, terms. and conditic�ns of t"ni3 �:�re��-:Gn�, i�c?:.�u�r�;;, but n�� limited to, th� satisfiactory completion c�f the im�rovements prescribed herein, anci the making of payments to any parson, firm, corporation or other e�ti;y LVi`lil ��.��a��ri thti dav�:4oper has a dir�ct contractual re4ationshi� fio� the performance nf wark hereunder. b. Develo{�er shall keep said perfarmance a�d payrne�t bonds, andlor cash c��po�its in full force and effect until suc� time as developer has � fully com�fied with the. terms and conditio�s of t`�is agreem��t, and fai4ure ta ke�p same in force and effe�t shall constitute a def�ult anci breach af this agreement. t�. Tfi�e City shaff assum� its share of the cost c�fi tine impro�ements cavered lay this agree�nent alang with the �ngi�eering fe� anfy if fur�ds are availabf� fc�r such participatkon, fn the event t�at no funds are avai{abla for C�ty participation, the dPvefo�er snall award ttie contract and deposi� with th� City a�erformance and payment bnnds or cash for 100 percent �f the esC+mated totaf construction cast af the +mprovem�nts [p4us ten Qercent (10%] for engineering and miscaflan�ous costs if fihe City pre�ares the plans). l. C7n all faciliti�s included in this agr�ement for which the de�eloper av��arcis its own cor�struction contfact, the de�elaper agre�s to fc�llow t'ne fol4owir�g procedaires; ,� m � � � , , , . . „ ,� , , 1, lf �he City participates in the cost af the �acilitias, the canstruction contract must b� adue�tised, bid and awarded in accordance with State statutes p�escribirtg the requi�ements for the letting �f cantracts for the construction af public worf�. This includes adv�rtising in a focal newspaper at t�ast twice in Qne or mare newspapers nf general circulation in the county or counties in wt�ic� the work is t� be performed, TN�e secand publication must be on or before the tenth (10th) day befare the first dat� bic�s may i�e submitted, The bids must �e o}�ened by a� offiicer or employee of the City at ar in an office o� the City. 2, To �mploy a construction conCractor, w�o is a�Prov�d by the Dir�ctor of #h� D�partme�tC having Jurisdiction 4u�r "the fiacility �o be so construcCed, said coritrac�or to m�4t Ctty's �Q�;�ir�m::nta fo� b��,��u i,�sareu, 1::;�ns�� ar�d bonded to do work in public rignt o� way. 3. Ta require the contractor to furnish ta the City payment, performanc� ar�d maintenance taonds in t�e names of tf�e City and the develo�er for one huncfr�d percent (100°/61 af the contract price of the faci4ity, sa+d bonds tn be furra+shed befare wo�� is commence. D��ela�er furti�er sha11 require the cantractor to provide public li�bility ins��rance in t'ne amour�ts requir�d tay the City's specifi�ations covering t1�at particufar. wark. ��-. Ta gi�e 48 hours notice to the cfepar�ment having jurisdiction of intent ta commence cans�ruction of the faci4ity sa that City ins�ection pe�sonnel will be availabfe; and to require ti�� con�rUctc�r tc� a11ow the constructian to be subject to i�spection at any ar�d ai4 times by City inspectiort forces, and not to +nsta4l any paving, sanitary sewrer, sto�m drain, ar water pip� unless a res�ronsible City inspector is prese�t and giv�s his consent to proc�ed, and to make such labaratory tests of materials being used as may be r�quir�d �y tF�� Ci�t�, 5. Ta secure approvaf !ay the Director of �he Departmenfi ha�ing juri�diction A-7 � of any a�td all partiai and #inal payments to the contractor. Said approval shalf be sub�ect ta and in accordan�e with requi�eme�ts of tt�is agreement, and is not to cc�nstitut� approval of tne quantities of which paymsnt is base�. . 6. To delay cannections af buildings to service IinEs of sewer a�d water mains constructed under this contract untik said sewer �nd water mains and service lin�s f�ave bee� compl�ted to the sa#isfactian of the Water D�partment. 7. 1t is expr�ssly understooci k�y �nd b�tween the develaper and the City of �ort Worth, that in the event tf�E clevelo�er eiects to award on� single construction contract far storm drainage and paueme�C, said cant�act shal] be seQara#ecf in the biddir�g and City Pa�tiei�ation, it any, shall be {imited to the lowest possible combination of bids as if eac;� flf the above dvere awarded as sey�arate confiracts. ,!. Anyt�ing to the ca�trary herei� notwithstanding, for and '+n co�sideration of the pramises and the cavenants herein made by the City, the developer cov�;nants and agr�es as foliows: 1. The cierreloper sha44 make se�arate �leetions with rec�ard to wat�r andlor sanitary sewer faci4ities, starr�i drainag�, street impravements and street fights as to wt�ether th� work prescrib�d herein shali be perform�d by th� City, or by its eontractor, or by the deveioper, thrauc�h its c4ntraCfio�. Each separate election shall be made in writ+ng and cfeli�erecl fio City no iat�r �han six {6j manths prior to �t1�e ex}�iration of th�s at�reement. In �he e��nt ar�y afi such separate �lectians has not been made and cfe�ivered t� City by sucn clate, it shall be conc{usively presume�i that tt�e developer has ek�cted that suct� wor� be �erfo�med by the City in accordance with a41 0# the terms of this agreement, and in �articular Parac�raph V-F hereof. 2. lrrespective af any such e{ecfi�on ar�d wheCher tne work is to bs perform�d by the Gity, o� by its c4ntractor or by the cleveloper thraugh its contractor, ths developer covenants and agrees to deliver to th� City A-8 ' R , „ a performance and payment guarante� in accordance with the provisians o4 Paragraph V-� of t�is agr�ement, 3. ln ad�lition to the g�aranie� required in ths preceding {�aragraph, in the event d�veiaper elects t�at the work be performed by the City, or by the City's contractar, or such election is presumed as p�ovid�d abave, th� de�elopar covenants and agrees ta p�y to tne City th� dzveloper`s s�a�e af the estimated construction costs. The amflunt of such estimated payment shall be computed as set out ar� the Summary of Cost hereaf, t�ased u�o� the la�rr�st responsive bid far such wark, as determin�d lay City, or upon a cost estimated to be performed by City forces pre�ared by the City, as approp�iate, and shall be suf�ject to adjustm�nt to actuaf co�ts upon fir�a4 completion of the subjact work. Such estim�ted �ayment shall b� mad� prom�tiy u�� c�mG�ci `�,y City, it beina underst�ad that such payment wifl be made after the rec�ipt of bids far work, but in every case prior to the award ofi any constructiQn contract, unless otherwise specifically s�t out herein. 4. Dev�fop�r furttier covenants �nd agrees to, and by these presents does herEby fully ind�mnify, hold harmless and defend rth� City, rts ofiiiCers, agen�5 and employees from and against any and a14 ciaims, su�ts ar caus�s of action of any nature whatsa�ver, �vhether real or asserted, braught fior or an aceount of any injuries or damages to p�rsons ar proPerty, i�c{udir�g cfeath, resu4ting from, o� in any way conne�ted with, t�is agreem��t, ar th� construction of t�e improvements or faci�ities describ�d he�eir�, wi��ther or not eauseci, in whole or i� ►aart. bv the nectlic�ence of office�s, aqents, or emt�lovees, ofi the Citv, ln adcfitian, the developer covenants to indemnify, hold harmless and defend t�e City, its officers, agents and employees from as�d against all c{aims, suits, �r causes or action of any n�ture wi�atsoever braugnt for, or on account ot any injuri�s ar damages to pe�sons ar p�op�rty, including d�ath, resulting from any failure to properly safeguarcl the wark or a» account of any act, inter�fiiarral ar ot��rwis�, negl�ct or misconcfuct of t�e developer, its contractors, subcar�tractvrs, ac�ants ar �mploy�es, whether or r�ot A-9 B caused, ir� whole or in part. iav the nealiqence of officers� avents, or emt�tovees �f the Citv. 5, Develop�r covenants and agrees that it discriminates against na individuat invo�vfr�g emplayment as prohibited by the terms of Or�ir�ar�ce Na. 7278 (as amended by Ordinance No. 74D0), an or�inance �rohit�iting discrimination in $mp4aym�nt Qractic� because of race, creed, cala�, re4igian, natiortaf origin �exce�t for illegai afiens�, sex ar age, unless sex or ag� is a ba�afide occupatianal qualification, subconiractor or empfoyment age�cy, eitf��r �urnishi�g or referring appficar�ts to such dev�lop�r, nor any agent of d�ve4op�r is discriminating agai�st any indi�idual invalving employment as prohibit�d by the terms af sucr Ordinance Na. 7278 (as amended by Ordinance No. 7�00�. . K. Venue af any acfiion braught hereunder shalf be in Fort Warth, Tarrant County, Texas. L, Tha Cifiy's 1'alicy for the fnstalfation af Community Facilities, as adapted by the City Council an September 1992, is h�reby incarporated h�rein by reference, and Developer covenants and agreas to camply with said policy as a conditian of this contract �nd �s � conditian ta �he p4atting of the subj�ct prape�ty. M. T�+e follawing desc�i�tions oi wa�k a�ply, as approp�iate, to the areas inc{uded in t�e Cammunity Facilities Ac�reement, � 1. STREETS Streets as si�o}�vn in Exh+bit B �vi�l b� in accordance with plans and specificatsons prepared by the Owner`s e�gineer �nd approved by the Director of Engineering. 2, STORM DRAINAGE Storm drain as sf�own in Exhibit B— 1 avill be in accor�arrc� with pfans and s�eeificaiians prepared by ti�e C7wne�'s e�gsn�er and apprav�c� by the Direc�or of Engi�eering. A-� 0 F , r 3. STREET LiGHTING a. The D�ve1o,��r shai! provic�e fior ihe installation of streetlights by the City forces at the �p�roximate facations shown in Exl�ibit C, immeciiately after fina{ acceptance af the street construetion, in accordance with engineering plans and specification� approved t�y the Transportation and Pubiic Works Depa�ment. b. Streetlights an resider�tiai and f or collector streets can be installed using overhea� or underground conductars with the ap�rovaf af the streeilight Engineer. c. Streetlights on arterial stre�ts shall be installed wit� underground conduit and conductors. d. Th� Devefo�er shal4 ��avide for th� instailatian of a�'/4 in�h schedule �#0 PVC co�d�i� at the d�pkh not lass than 30 inches and at least 18 inch be�ind th� curb, "cyear from all other utilit;as". e. The Developer shali p�ovide for tha instai�atfon o� a�'!'Q inch schecfule 44 PVC cor�d�it between skr�etf'rghts praposed for i�st�l!�tio� a�d tne po��r so�rce to become o�eratiar�ai. t. A 3 inch schedule �Q PVC conduit is required when crossing streets ak depth not less #han 30 inches, uniess indicate� other�vise on th� �alans. Cancrefi� p�41 bc�xes s�alf b� provided at the cross�ng points. g, Luminaire ballast sh�41 be rafed for mu{titap operatia� and each {uminaire shall f�ave it's aw� photac�{l. � 4, TRAFFIC CONTROL DEV�CES �. The Dev�l�per agrees to pay for tn� str��t n�me sign installations r�quired by this development to the extent of �8a.00 per ir�spection. This ��it cost will be revised annually by the DEpar�ment of Transportatiqn and Public Wc�rks to re�lect prevailing cr�sts of materials and labar. b. T�is development cr�ates the foflowing �umber intersections at a total cost as shown to the Deueloper. c. Th� Develap�r rnay either deposit cash funds with th� City equa! to the follo��ring amour�t ak the time of Community �aci4ities Agreemen� a�provaS or wait unkil the st�eet narne signs are to be installed. li the Dave{o�er elects ta wait, the cost of street name sigr�s will be at tne �ate prevailing wher� the Deveiop�r deposits funds with the Ci#y. � A-� 1 � �, d. Th� City wifl lnstail ihe stre�t name sign5 u�on fir�a{ approval of ti�e street canstruction. The street name signs wiff remai� t;�e proper�y of, and wi11 b� maintained by, the �ity. 5. OTHER WORKS In the event tnat othe� works is required it wi14 4�e inciuded as specifiic requirements to Commur�ity Faciliti�s Agreement. N. Developer, and City agre� that this Ac�reement represents the complete and exclusive statem�nt af the mutual understarrdings flf the parties and that t�is Agreement sup�rs�des and cancels and �arevious written and oral agreements and cammunicat+a�s related to the subsect mat�er of this Agreemznt, lfU T�STIMONY`1NH�R�C?�, the Cit�� af For� Vi�'orth i�as caused this i��trument to be execut�d in quadrupficate in its nam� and on its behalf f�y its City Manag�r, attest�d by its City S�cretary, with the corporate seaf of t�te Ci�y afi#ixed, and said Developer has ex . u�ted �his instrument in quaclruplicate, at �ort Worth, T�xas ti�is the ��` day of i� �� , 20�. APPROVED AS T� FORM AND LEGALITY: � �� G�ry J, 5 inherger A,ssistant City Attorney RECOMM�NDED; r-�. P�hrn��'�"lr�c�to�� l��ansportion and Public Work� Depariment ATTEST; �� . �r _ .► G1ori� Pears City S�Cr�ta - ' � / � -� contr�c� Ru�flogfxatian � �� ..� _ , I - -� - - � '� � r � ,.C_ . �,' . _ Date � CfTY O� F�RT�'ORTH, T�XAS : 4 �vl � v �'! � Assis �ant City Manager A-12 � _ _.�. � ry_ f°��U�� I i � �t�vl � ' � I . � . � �� V ��Q��1"W: WestlLaQp 820 Partn�rs, L.P. a Texas General Partnership By: Orinda Capital Partners, L.P. a Texas limited partnershi�, Managing Partner By: Orinda Manage�s, Inc. a Texa�corporaf�on, Ger�eral Partner ► . ''�/ /. �7 By' � . � �' , e J.A�'elino, Vice President A-13 � , ' � 1 � �' , �' _ - � �, �� . ,�� . _ � �. � . � I I ,, �.._ ,� _ __ � ��,�_ — I I� I �� . -�, � � ; � I � bLIJ� BELL w. � O�� I � J � i � r_—_ I I ��dN�T,�'£�� `�C�` r c,�� l ;� J — �c RI,� � ' 4'� /� ,�,, � I I (Q � S�� fi " ' � RAYNI�NU Q�-�- I N F D - 1 ,� �1 � � LAi� 'ti �' � a-i � �r � ?1 1� —�C� � Q �-] �� ..�� e� -�— � �- � = r�',�� i w p � `'' - � � � � � � --��—!� �1� -� C1 J Q " � \ + , 11f Jr � - � �� a...,.�� _I. _ w�i� � r� M�rir , �"' .. ;' _ _ �,- �- - _.i—.�-�r� �`'v ��`�i'��._�.- _ � �� .�, � ,\ � ;�� I � } � _I y�;"• '�: i P C] ��I ` \ � nE�S --' �- �� ' a a H �' 1 . + �' � -�, ��`� �'�f- � 3 �'LAIPJFIEL � � � � � �' �'CJW-LA; J I ' ` �� '�:. ,�.} ', � � � I I � -�'� i, �� LER��d `�� '� '� � � I .I .�'��_/� %/`,c �� l� —� �r � �, �' ,. - � sr�.�. �`SJ�� 3�'� �! _ i�,�, f � , SU�` � 'y �;� � ��. .p�� nR�+�l , �. rp� - �! � �r�` ��- �� 1 ' � � 'r I I rr�RS �R�,_ti��,N I �� jrf f ' �---- ��`�" � _ ; i F �^ _ - �--- � �T l�� \� F�r� �,'i-�xY1Ci1 '� � ` � i i j ., /'' ' ,"'�� '1'� ' 11 Fr�r k � � I }� \� r1 . I 1 / }, i I 'i ' ! r //j � � � �. C j r�> `� i � [� �� ` , ` C � \` 3� �.. �c1 Y 4�,,. . � ) ' � � _�� G� <<�� ,:.�1 � ��.�� > � - � �- z � o � � ,tl �� _ ' �� 'w '? � <<�s � ' � �� , � � ��, �� T \ � i ] �, � i =. � ' a � �,J _ ��1�� t � , � � � i � � � � � I 1 �I �L�� / � ' 1 / L * � i"� � w _ - �. � INj . y � , d . � � � �` � � � � � �� , � � -. �. 1 �� , .. _ _ � , . — .�� , � ��.,� • � � — �� 1�,- �� y, � � a ,� 1 j � ! ' �� .�� i�r�� ; ; a .��,�� .�'"� � a . � � �� AUNAriAY ASSOCWPES. Inc. � E�iG[N£�:]iS - PLA+�N�F.S - S[IRVEYOFiS F4RT W�RTH, TEx-AS j � 'i . u�_s�� iemuamvu.i�n - � .... ��ii'��e. r�1 — . �,.,.— „—,� — � -__ .. �, �. .. — — — —., , 1 � � _. 1 PROPnsEa �lRE HYDRANT PROPpSE� 8' i _ WATER lJNE x• _ . � . �� ' � W es es a'� Cj 68� 89 �0 4l v2 n�` `.�� . °' ' �� ^lr�mo:r, eri . � � _ 1 p ,i�p t � �� --. . ht� � i �--•-r-- — � 1�•{A$ v a� l/`��_.�..^— �� _ e� io a a � c s ' ' �� at i � PRQPDSED B" `� l.. ��' i WA]�R UNE`� �0 19 =rs � ma�. r'`'+'� \\ �� S 13 11 f1 IG ih • Vry - —_ - $' ^ t� .. 5'! �� 7� _ _ _ P �'/ I _ � ' ! 2] • . _ _ _ a� 2{J /' � `\ J f % � � lt 1] n 11 ` 16 Y I 6 � � � M !` . �` . �� PROPOSED �'°�K ,`�� ' - --- - - ° s \ / '' r , ' \,` , FlRE HYDR.4NT ' ' � �s 1e �� e . � � - � ��; ��u� 9 m z� �s ��, �� `� m�e x / � i � � � � _ � , � �� a ' � %\� � �—'�'�— — ��'\ k ��:� - w '' �~ � fe �� su � n v a '-0•"� :t ,g. PROPO.SED 8" „�' � ' � �,�_, 5 � - ;; �b`,q TER LIN� �d � ; � '� - _'V ` , � �� ta _ i� � t=�r� ss _� �u x �� ` � �` � ' PROPO.SED • � 'a �` ~� -- _ � o � �� — FIRE HYORANi - � �h =' � CDh1AiERCIAL 3.OT ,s � � 4.5 ac j . a. is a4 a� �e ]a a� ' . � � IR�ir1 1 ,n / ��. / • ` I £X/S7INC 8" �' ` Wi4 TER L.fNf ' ae / f; �.�„�-� � � � : , : . „ � - ' . . � . ` l } PROPOSED !2" —ni— � . � A�L�i11pN � = WA T£R LIN£ , 5l';l"CLC�rN��l� � 1� l : � EXfS77NG 1.2" SCALE: �" = 3❑Q� � , : . � • - • K�ATFR CINE _ � �� LfCENO. ' .�'` x�rB�� >'� " ' Di1NAWAY ASSS3CfATE5, IQc, � PhOA�SED WAT£R L/N£ �YfSTCR DrSTRI�UT�ION S}�STT'.i�'I ENCLNEEFtS - PLAI+NERS - S11nVEY4RS .. ' 0 ex�snvc w.arFR unrE SET7'L�'IICNT PI.�17.fi �IDT)ITION �oar wot�'s�`Tcscas — , � pROPOSEf7 FIRE PIYORAN7 PI��sE 2 --- ——. �. � � � P 0 ��` y� eafi cs a� ee ae �e ri r� 1� h'p ,--�-i I � �e:a,i _�A, �toT°� Fo ;� w'�j�---- -- - �~ \� - - - •PR�J�pSED SANITARY �� m a n . e s s I s � � 1\ S£kt�R i6f.4NH�LE � s��a � � J i e �9 , �\ �°'\ _ _ f �\ aa �z ,3 �. �s �s �, �^ �a � a�em r�', c\ sx �_— .� �'� •``. � r� �?]� � ~ � � �---- - -- - ;,�.\` ...�'� ; Z.� , -- ---�\ f �, 5 ' 66 • u ia u io o n r ° 1'��_, Y $ I ` • ` 'e � I,a+i � � ; '�\ s � �\.�_ /� w IS I6 �h 16 1- � � � F I � _ ��9 � 4��kr -� , , �-, � � � �, 3� � -�. _- - � 1s Zi��,.,� _/ �XIsnN �/ _ �� _ .. FROPOS£D 5,4NITARY SEWER MANXOLE PROPOSED SANITARY SEt4ER RfANHOLE X ; �-- -. - � �� , � ��f', � SEW�R M,4N LG � o � � 1 a � a ,1 ��. ` �u 9 o a r �` . // _ �� 7 � 1 � � \\. / � � � $/ PRDP4S£D 8'" SANITARY SEwER COhf111F.[tCIAE, I.OT 1.S Ae �xrsnNc s,aN�r.aRr SEWFk �lIANHdLE �'�`~ � / '� i �1�10'N �/� 8" S� �Y 5£1�R —�^ r�l.S%�T'•�p11 41 t �� </ � ` - �1 ' i 7 � � � pfi'QPOSCfI 5£f1'lR L!N£ � %'h'u"��'=�n Af.7NNr:VF � EX1577NC SfWfR L1NE � £XISfiVG /•l.iNNG� pROPOSED SANITARY SE'WE`R ,t�lANH'OLE SC4LE: 1" = 3fl0� �� ,. �xxrB.rT H�- � " �� S'ANr7'�1/ZY SL'F4'!iR S}',STliilf D[NAWAY A350CIATES. • ENCINEERS — P1.AlTi`'ERS — SURVEYORS S'E7'TLE�IENT I'I.fiZ�1 ADDITIDN FORT WORTH. TE.tdS PHA SI' ? _ — — — — _ .r �� -�--- �, .�� — � — , . , . �� , , - . .., � - �- — - -.�. " ,.. +, . .,. . �_ .. —_ . ,�— . I I � �--'� ai es ce °T �P°�oF.emv�.�� TI � Y� ' 1� �`�, — _ _ — _� � — — — � � � �T-- � \ �t fo o a � n s ♦ � ��, �� nz�u � � �$� ri., �= ; sa '� "�� PROPDSED �a �z �9 �. �5 �6 �, �d ,r � A�a�,� .� CONCRETE�\ �� sr � \ .:` --- _ }: , 4 � / 1 ��f �� fi t] lE l� I f0 4 0 I 7 n �, ` ' ! _ � 5 \. �}� IS IS (II li Id l / � � R I _. � 9 L�Ky'I'r� ' ~ ; $/ � ~ .—�--�y1-~ � � � 6f �, � — — _ _ _ _� 2� _ �� ,� � �p � \ , 14 �1 10 0 4 T � �� • �0 IT + . � �3 ' � I .a � m ' e �.-' s� is �e t7 �e � . �� _ so _ -� \� - - _ � S � : L � � / EY . ��` _ � o,ye zx �, � .5 u w2 az a� ao an ye � t s � I . � ` » . �..• 25 • �/f / 2�/ ti�o�� F4p� ��C�'c�' • PROPOSEO .5" CONCRETE PI?17POSED 5" COMCRETE _ � , / �— FROPOSEp . 6" CONQ4E7�' � �,�L11�10� ; . . , .. . . �Lr�;:i�� ti 1 i�r i , . _ � � � - � s� � � - � - - , . .. � � EXHIBIT "B " � P�4 VING 5- rH�cn- CONCR£iE {?8' P.EIi£AIENI' SL'TTLL'MI:'NT PI,�1ZA �SDDI7'IQ�V �:;• s� rr»c,r coac�£re r�o•va�e+ENr� PHASE 2 � � I ` I 1 i cohihrEr�czar. �.oT 4.5 ¢sC I r+ SCALE: �'� = 30�' l �� • DUNAWAY ASSOCIATF.S, 1nr, � EiSCIhEERS — PLANNERS — SSIRVEY(}RS + F03ZT WORTH. TF.\AS .. _ — —.� 24 .�_. ,— . _— --- --.� y .._— � ., �-_.. . F��'� �1�T�[' T�� —, ,_ ,,, ` . __ � w Pf?OPOSED—��I �" ��° a� ea aA�e�r: r. ve ; 8�� . 30" RCP f - r PROP05ED� �� \'/� ^—_� . _ \ Sfl�dH � t � n �a `a r a � � � ' , y f!"�. �Eo Pfr"4PO.SEO -� r- 6� - � \ ' °�� 36� I�C'P �e �z :a u m �s �� » �el � aie� a��'. � � �. - - - - --- I _e 57 �__ ' _ _` � _` i/� ! � � /„ I J PROPOSED 5� � 7 � �a is �z i� ie o a 7 ` d �; xo SO,NJd w�„ s I � �_ 6 �� f � 5a ` 15 [S t1 l6 � � � ��' SO 8��EI � I i � n � g ' 5t l `I � 2i �i�� iw '// ,'�a. a ]2 Il 10 9 n � R n O•• � � � � ! 27 PRaPOSED 14_ _ e,a� = S �\ � 15' /NL£T �e • - s ta i� �a ie f-� m PRDPOSED " -- '° � � i 42" RCP �� :�`-�- -- P� ' PROP05ED _� - — °� � \ 15' INLEi dH � 15 PRQPOSEO i' " '- �� aa aa � 48' HOYYL '---- �,�«�• , �, f � EX/STINC E.4RTHEN CHANNEL � � . � --~ L.— _.. _ ___-- .-�_.._.._ — ��— pROPOSED _ �,t _ SD�fN PROPOSEO 36" HDWL _ I • PROP05EIJ ,.-PROPOSEO 4-70' x 6' 3�' RCP BOX CUL IiERT - PROPOSED £AR7N£N CHANIY _ i SCALE 1'� = 30D' �-EX/SIING � _ f0" /NLET „� _ �`XHI�IT "B-1 " � noxa�xay as�ac�a1'es. m�. STORhf DI2AIIV SYS7'LhI ENCINEERS - PLANNER5 - S[1RYk.i'ORS SETTLi'fF,.NT PLF47.�4 E!i)DITI0�4' Fox�r woxrr�. r�cs.s . PH�I SE 2 _ — — �. -- . - e � � , PROFOSED EARTH�N CHANNEL — ,EX/SANG r�l A�l1[�1m1�� 42" RCP J 51.'t"�Z'F�� i1n�Z'' � � PFDP03ED STt�R,t/ DRa/N cN lNLCT L�� xrsnn� SrcR�r a,e�rrr �� mr�Er PRAPOSED JO' INLET p�QPas� 24 RGP � Pf?OPOSEQ SOMH PRQPOSED 2� RCP wRaPnsEo ro' iNtFr � PfTOP05ED 3p" RCP ` PROPOSED SDMH � PROP0.5ED 36" l7CP �OMI�l�RCIAL 1.6T - - pROPOSED 4.5 Ac 20' /NL.ET — PROPOSED f0' lA'LET � � � I 1 I 1 I � � '�T��S hSO�QR �� PROPDSE� S71?EET UGHT ,�.�_� r�"`— -- — — . _ . .-''� - �! :y / �'• � e{ \ PROPOS£D ��5�, " �a �x � t: �e v e� '`� �' � � SiREET LlGHr B'°"a+ ' � ' a �, aa e es �e i� ie � s'�. �_ I 1 19 l ��; -� � � , _ , �, . � � u , � �� ,]� �. � . � .. � — �� ` .. , �z ii :n s " ' c � ��' :/ l4 PROP05EO �°°" ' �° \`• ' STREET LIGHi r 1e �a u m ia • a 'j 9'��' `r ,�� / �l�� -- r � / i�' � 8 2� ,/}�I�'f� - /22 \ 1 r py y �/ l / -- —�. — � PROPdSEO STf�EET UCHT � PROPOSED �� w a' � es ec � cv 6� eo � to � v� �az �ta 1�'1 STREEi LIGFIT 6,. �r .1----- a� ��i------- \ � i io c e 7 e s �� z � �, �J� � ae e�e�t � � �� ec / ' \ �� 'e �� x n x� os �e ri �s fc �� zs aca p` �xisnnrc .5 . - STREET L/CHT J I � . . . . ,� rt.�7 l ��nlT1l}� , i ��,�L��,�r.Nrttns�: ' �— I C7 P�%°OSf1J STRFET L/GHr � pRpppS[O STXd'ET UC�S'i e la �S J2 �1 i0 , � � 1E — �� , � � /J �� tXIS71NG S7REET LIGHT EXHI�3IT "C" srrrrrm L.rc��rs s��rl,rh:rrrv� Pr,�szrl �.nr�rrra�r P�Ir! SL 2 P/70PQSE0 STREET L/GHT � � r : I _I I cont�i��ciaz. Lar �.5 Ac — I PRopasEo srrrEEr c�cHr —Nf— I � ' �CA�E: 1" = 300' - �� I nurrawav assoc�n�s, mc. EhfC1HEER5 — PI.ANNERS — SURYEYORS FORT lYORTH, iEYaS y � Y i �. � . s' �l , , , COMPLETION AGREEMENT This Completion Agreement (hereinafter called the "Agreement"1 is made and entered into by and among the City of Fort Worth (hereinafter called the "C�"), Wes�ILanp 820 Partners, a Texas general partnership (hereinafter called the "Develaner"l, and The Frost I�ational Bank (�-iereinafter called the "Lender"), eff�ctive as ofthe Sth day nfMarch, 20D2. The City, the Developer and the Lender axe �aereinafter collectively called the "Parties". WITNESSETH: WHEREAS, the Developer owns tliat certain tract af real property that con.tains appraximately 23. S acres af land located in the City, #11e legal description of which tract ofreal property is marked Exhibit "A" - Leeal Descriutian, attach�d hereto and incorporated hexein far all purposes (which tract of real property is k�ereinafter calIed "Settlem,ent Plaza, Phase II"); and WHEREAS, the Daveloper intends to develop Settlement Plaza, Phase II, a� an addition to the City; and WHEREAS, the Developer and the City have entered into a�Cammunity Facilities Agreement relating to the development of SettIement Plaza, Phase II (hereinafter called the "CFA"); and WHEREA5, the City has xequired certain. assurances of the a�ailability of funds to complete the streets, street signs and lights, and the water and sewer utilities for the developmen,t af Settlemezat Plaza, Phase II(herein collectively called th.e "Communitv Facilities"}, and WHEREAS, in order to provide such assurances as have been raquired by the City, the Lender has agreed to advance certain funds to the City far Hard Cosis (which term is hereinafter defned) subj ect to, and in accordance with, the terms, provisions and conditions of this Agreement; and WHEREAS, the Developer has grant�d ta the Lender as additianal security far the Loan (which term is hereinafter defined) a security interest i� all plans and specifications far the developrnent of Settlement Plaza, Phase II (hereinafter collectively called the "Plans"); and WHEREAS, the Parties desire to set forth the terms and canditions of such accomrnodations as are described above. NOW, THEREFQRE, for and in consideration of the benefits to be derived from the mutual o�servance by the parties of the terms and conditions hereof, and for and in consideration of Ten Dollars {$10.00} and ather good and valuable consideration, tk�e receipt, adequacy and sufficiency of which are hereby acknovvledged, the Parties agree as follaws: 1. Recztals. The foregoing recitals are true, correct and complete and constitute the basis for this Agreement and they are incorporated into this Agreexxi.ent for all purposes. 2. The Comnletion A�nount. The City and the Developer agree that the Hard Costs requrred to complete the Cammunity Fac�lities in the aggregate shouId not exceed the sum of Qne Mi.11ion One Hur�dred Fifiy-Three Thousand Three Hundred Eighty-Three and 28/100 DoIlars ($1,153,383.28) (hereinaf�er called the °`Camnlet�an Azaxount"). Notwithstanding the foregoing, it is acknowledged thai tlae actual costs of compietion of the Community Facilities may vary as a result of char�ge orders agreed ta by the Pa�rties, but such variances for the purposes oithis Agr�ement shall not affect the Com�letion Amouni as used herein. �,�� . ,. , , , , , , , � , � . 3. Adius#ments ta the Completion Amount. The Lender wi11 from time to time make advances to the Developer far �he development of Settlement Plaza, Phase II, wnder the developxnent loan that has been made by the Lender to the Developer for the purpose, among other things, of financing the costs of consiructing ihe Comrnunity Facilities of Settlement Plaza, P�ase II (hez-einafter called the "Loan") sub�ect ta, and in accordance with, the terms, conditions and provisions of the Loan Dacuments {which term is hereinafter defined) evidencing and securing the Loan. Some of those advances shall be for Hard Costs as speci�ed in the "Approved Budget" relating t4 the Laan, a copy of which Approved Budget is marked Exhibif "B", attached hereto and incorparated herein for a11 purposes, with the Hard Costs (which term is hereinafter defined) line itezns haghl ighted. The term "Hard Costs" shall mean the actual costs of construction and installatian of the Comrriunity �aciIities. To the extent that advances under the Loan are for tl�e payment ofHard Costs, the Cornpletion Amount shall be deemed reduced, dollar for dollar. The Lender may withhold statutory retainage from any advances under the Laan or pursuant to ihis Agreement. All such retainage withheld, to the extent it is attributable to Hard Costs, shall also xeduce the Completiaza Amount dollax for dollar. Ail retainage withheld by the Lender for Hard Costs that are advanced to the City pursuant to this Agreement shall b� released ta the City as provided in the Texas Property Code upon expiration of the stafi.itoryretainage period. To keep the City advised of the Hard Costs, the Developer shalI proinptly deliver to the City those portzons of a11 draw requests delivered to the Lender t�vhich contain requests for the pa�rnent of Hard Costs and such draw requests shall itemize Hard Cos�s in such form and detail'as shall be reasonably accepfi.a�ble to the Lender and the City. Upon approval af Lender of any dravv request containing requests for Hard Costs to be advanced to the Developer, the Len.der shaIl give nafice tn the Ciiy setting forth the amount of any Hard Costs to be advanced (the "Fundin� No�ce"). The City will be deez�z�ed to have approved the praposed advance of Hard Costs by the Lender, unless it so notifies in writing �,ender that it obj ects ta such advancement af Hard Costs within three (3} business days af the receipt by the City of the Funding Notice. If the Ciiy objects to such advancernents of Hard Costs by the Lender, the City will have its own inspector examine and evaluate the construction; then the Lender and ihe City shall cause their respec#ive inspectars or consultants to cooperaie and shall us� iheir best reasonabie efforts to settle any dispute over the apprapriateness of any advan.ce of Hard Costs. The Developer acknowledges that the Lender's obli�atian io fund advances under the Loan within a speci.£'ied tirne fran:�e shall be deemed waived hy the Developer if the. City and the Lender are in dispute with respect ta any requested advance. If arry such dispute is not resolved prornptly, the two consultants shall agree within iive (5) business days on a qualifed third party to resalve the dispute whose decision shall be final and binding on a11 Parties and shall be rendered within five (5) business days of such consultant's selection. Any delay oceasioned by any such dispute shall extend the Cozaapletion Date by such period of time. 4. Cornuletion bv the Develoner. Th� I7�veloper agrees to complete the Community �aciiiiies on or before the date for completion that is established in the Loan Documents plus thirty (30) days {hereinafter called the "Corriuletion Date"}, in accordance with the CFA, tlie Plans that are approved by the Lender and tk�.e City and all documents evidencing ar securing the Loan (which documents are hereinafter collectively called the "Loa� Documents"), For the puzposes of t�is Agreement, the developrnent of Settlement Plaza, Phase II, snall be deemed complete upon acceptance by the City of the Community Facilities. The Ciiy shall pxonn.ptIy notify the Lender and the Developer upon such acceptance. 5. Comuletian bv the Citv. In the �vent that either: (A) the development of Settiement Plaza, Phase II, is not completed by the Cornpletion Date far any rreasan whatsoever, or (B) the Developer is in default under the Loan and fhe Lender natifies the City ihat the Developer is in default and, at the Lender's sale option, requests the City to complete developn:aent, whichever shaIl �rst occur, then, the City may, at the cast and expense of the Developer, commence, pursue and complete the installation of the Cornmunity Facilities in a reasonably timely, diligent and workrnanlike manner in accordance with the Plans, subject to the terms of this Agreement, The Lender and the Deveioper agree that the City znay use the Plans as necessary to complete the Community Facilities. Prior to the commencement of any work by the City, the City shall provid� evidence of ir�surance reasonabIy required by ihe Lender narning the Lender and the Developer as additional insureds. Page 2 of 9 �/r y�f � . � � , , , � � � 6. Advance of Comnletion Co�ts to #he Citv and Delivery of Hard Costs Collateral to the Citv. Upan the occurrence of either event d�scribed in paragraph 5 above, if the City elects �vithin ten (lq) business days of the Cvm.pletio�a Date or notice From the Lender, as the case may be, to complete the construciion of the Community Facilities, the Lezader shall thereafter advanca to the City any remaining undisbursed Hard Costs specified in the Approved Budget relating ta tkie Loan that are incurred by t�e City in coanpleting the Community Facilities in an aggregate sum not ta exceed the Completion Amount, as adjusted, by funding monthly draws to the Ciiy as described herezn. The Developer hereby aut�orizes and instruats the Lender to make periodic advances of any remaining undisbursed Hard Costs speci�`ied in the Approved Budgetnot to exceed the cam.pletion A�a�ount in incrernents pard to the City within the same time period speciFied in the Loan�Documents after receipt of advance requests meeting the requirements o£the Loan Docuznents from the City of the Hard Costs remaining to be drawn under the Laan as specitied in the Approved Budget incurred by it and approved by the Lender, subject to retainage. The advance requests fram the City shall be made r�ot more frequeiztly than monthly {sa�re and except for final payment) and shall be accompanied by reasonably acceptable evidence of tlae Haz�d Casts specified in the Appraved Budget that have been incUrred by the City. The City shall use the funds advance for the payrnent of such Hard Casts as are described in fhe advance request, and iith� City fails to do sa, the Lender's obligation to fund additianal advances shall thereafter by terminated and of no continuing force and/nr effect. The City sha�l provide mechanic's and materialmen's lien releases as may be reasonably requested by the Lender. Upon request of the City, the Lender may pay such advances directly to the suppliers and contractors described in the advance request. If the City. does not timely elect to complete the constructzon of the Comnnunity Facilities, th.en the Lender may at its election terminate this Agreernent, and at zts option, proceed to complete the CommUnity Facilities, foreclase on any of its coIlateral, or take any azld all such action as may be provided under th� L�an Dncuments. 7 Comnletion bv the Lender. The Lender xaaay, at its discre#ion, but sha11 not be obligated to, undertake to corriplete the Community �'acilities if ihere is any default under any Loan Documents in lieu of requesting the City to r.ornplete the Community Facilities. In such event, however, the Lender must complete the Community Facilities by the Completion Date ox t�e Ciiy shal� complete the same as provided above. Lf the Lender elects to camplete the Community �acilities, any Hard Cosis it expends shall, dollar far dollaar, areduce the Coznpletian Amaunt. 8. Easements. In the event the City or the Lender undertak�s the completion of the Community Facilities, tY�e Developer (and to the extent necessary the Lender) grants to the City and the Lender open access to Settlement Plaza, Phase II, and shall execuie and deliver such temporary easements over and across the ent�ire Settlement P1aza, Plaase II, �or the purpose of acaess and use for the completion of the construction of the Coznmunity �acilities in accordance �ith th.is Agreemen.#. To the extent requested by the City and #he Lender, written temporary construction easements in form acceptable to the City and the Lender shall b� executed by the Devaloper and iiled of recnrd. Nothing in this paragraph shall r�duce any rights of the Lender ar ol�ligatians of the DeveIoper under the Laan documents. 9. Lender's Ri�Iats. Nothing iza �his Agreement sha11 affect any portion of the Lender's collateral for the Loan or limit or im}�air the Lender's right to foreclose the same or deal wzth the collateral as it elects in aceordanee witk� t�ae Loan Docurnents. ' 10. Satisfaction of the Cihr Reauirements. Tlze City agrees that the assurances and covenants contained zn this Agreement satisfy all requirennents of the Cify with respect to payment and performance bands or other requirements for security in connection with fihe development of Settlement Plaza, Phase II, and the comple�ion of the Community Facilities that are contained in the CFA or in any other agreement reIating thereto, and the Ciiy hereby accepts the assurances and covenant� contained I�erein in lieu thereof. To the extent the C�'A irreconcilably conflicts with this Agreement, the provisions of this Agreement shall control. Page 3 of 9 � 11. , Termination. Tlus Agreement shall termznate upon the earlier to occur of the foIlowing; (A) acceptance by the City of the Community Facilities; (B) mutusl wrztten agreezn.ent of a11 of the Parties; or (C) the reduction of the Cornpletion Amount tn zero. 12. Final Plat. The Parties aclrnowledge and a�ree t�aai the City shall �iold the fmal plat of Settlement Plaza until the Comznunity Faci�ities are subs#antially completed and all Hard Costs contractors have been paid, less retainage, and t�e Developer has deliver�d to the City the Development Bond guaranteeing the instalIatian af the sidewalks as provided for in paragraph 14 below. Upon receipt and accepiance by the City of evidence of substantzal completion and the payment by the Developer of all Hard Costs con.tractors and Yhe Deveiopment Bond, the City shall immediately fi�e the final plat of Sattlement Plaza in #he Tarrant County Flat Records. The purpose of the City retaining the final plat of Settlement Plaza as prescribed her�in is to guarantee the Developer's obligations under the CFA. 13. Constructzvn Contracts. Developer agrees to include in each constz-uct�on contract t�at it enters into for the completion of the Comrr�unity Facilities the following; (a) A statement that khe City is not holding any securily to guaranty any payment foz wark performed on the Community �acilities; (b} A statement that the property is private property and that sam�e znay be subj ect to mechanic's and materialmen's liens; . (c) A requirement that �ach contractor contracting with the Developer releases ihe City from az�y clain:� that is related �o the Property; and � (d) A requirement that each contractar . coniracting with. the DeveIoper include in each subcontract the statements contained in (a), (b} and (c} above. 14. Subsiitution of Hard Cos�s Gollateral Related to Sidewalk InstaIlatzon.. Notwithstanding anything contained herein to the contrary, DevelQper and Lender shall be reIeased of any obligation Developer has under the terms of �he CFA and this Completion Agreement to instaIl sidewalks as part af the improvements covered by t1�e CFA and this Agreement so Iong as Developer obtains fram the applicahle homehuilder a Development Bond issued to the Ciiy, as ObligEe thereunder, guaranteeing � performance and payment by such homebuilder af the sidewalk znstallation obligation of Dev�Iaper under the CFA and this Agreement. The aiaresaid D�velopment Bond shall be in the f�rn� thereof attached hereto as Exhibit "C" and made a part hereof far all purposes, and shalI cover such hornebuilder's obligation to install and pay for on a timely hasi s the sidewalks required by Y1�e CFA arid this Agreement. Rurthern�are, upon the issuanc� of such Development Band to the City, {a) ihe Compleiian Amount under this Agreement will be reduced by $67,980, and (b) the City shalI not withhald its acceptance af any ather irnprovements covered by the CFA and this Agreement upon completion thereaf by Developer solely as a result of the nan-izastallatian of the required sidewalks, it being understood that the installatian of th�; sidewaIks will occur subsequent to City acceptance af such ather improvements and wilI be performed by such homebuilder on a lot by loi basis in connection with the building of a residence an each such lot witk�in the subdivision. In that regard, the hornehuilder wiIl be entitled to a certificate of occupancy on a lot by lot basis upan satisfactory completion of the installation. of t�ae sidewalk on such lot and upon saiisfactory completion of all oiher requirements of the City pertaining to the issuance of such certi�cate of occupancp. 15. Misaellaneous. (A} Non-Assi�nment of Asreemer�t, Th.is Agxeement rnay not be assigned by any of the Parties without Y,he priar written consent of all the other Farties. Page 4 of 9 � i � � 1 � � f � ; � I � 1 (B) Notice. Any notice required or permitted to be delivered under this Agreement shall be deemed received on actual receipt by the appropriaie parly at the following addresses: (i) Notice to the City shall be addressed and delivered as fallaws: CITY OF FORT WORTH 1000 THROCKMORTON STREET FORT WORTH, TEXAS 7G 102 ATTENTION: RAQIJEL VELASQUEZ, DEVELOPMENT PROJECT COORDINATQR TELECO�Y NUMBER.: 817-871-6543 CONFIRMATION N[]MBER: 817-871-79Q5 With a copy thereof addressed and �c�elivered as folIows: GITY OF FORT W QRTH 1000 THROCKMORTON STREET F�RT WORTH, TEXAS 761Q2 ATTENTION: GARY STETNBERGEIt,, ESQ. ASSISTANT CITY.ATTORNEY TELECOPY NUMBER.: 8I7-871-8359 CONFIRMATIQN NiJMBER: 817-871-760Q (ii) Natzce to th.e Developer shall be addressed and delivered as follows: WESTILDOP 820 PART`NERS $235 DQUGLAS AVENUE SiJITE 650, LB-65 DALLAS, TEXAS 75225 ATTENTION: JAME� 3. MELINO TELECOPY Ni.7MBER: 214-fi91-Ob82 CONFIRMATION NUMBER: 214-b91-2556 {iii) Notice to the Lender sha31 be addressed and delivered as follows: THE FROST NATIONAL BANK 4200 SOUTH HULEN STREET FORT WORTH, TEXAS 76109 ATTENTION : r4Y NORTON TELECOPY' NTJIVIBER: $17-�420-5522 C�NFIRMATION NUMBER: 817-420-5024 A party may chan,ge zts address for notice upan pr�or written notice to the ather parties pursuant to ihe terms hereof. Page 5 af 9 _ � ' � i 1 � � � (C) Texas Law to Apnlv. This Agreement shall be constt-ued tinder and in accordance with th.e laws of the Sta#e of Texas. (D) Pairties Bound. Thzs Agreernent shall be binding upon and inure to the benefit of the Parties an� their respective legal representatives, successors and assigns. (E) Le�al Construction. In case any one or rr�ore of the provi�zons contained in this Agreement shail far any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegaliiy or unenfaraeability shall not affect any other provision of this Agreement, and this Agreament shall be construed as if such invalid, illegal or unenforceable provision had never been, contained in this Agreement. (F) Prior A�eements Sunerseded. This Agxeement constitutes the sole and only agreement of the Parties with respect to the subject matter hereof and supersedes any prior understandizags or writ�en or oral agreements arnong the Parties conceming the subject matter hereaf; provided, however, tk�at this Agreement shall not supersede, arnend or modify any of the Loan Documents or any portion thereo£ � (G) Arriendment. This Agreement may only be amended by a written instrument executed by all af the Parties to his Agreement. {� Headirigs. The headings that are used in this Agreement are used for reFerence and convenience purposes only and do not canstitute suhstantive matters to be considered in ' construing the terms and provisions of this Agreement. [Signature Page to Follow] Page 6 of 9 , � ��, � . . � �• � , , Executed by the Parties to be effectzve as af the date first stated abave, APPROVED AS TO FORM AND THE CITY OF FORT WORTH CONTENT: � Bv: � _ By: � _ 4 � Name: , �}P4�t �i't�� Name: � Titie: ��r�t�14y RttOC�l�]I Title: , DEVELOPER: WESTILOOP 820 PARTNERS, a Texas generai partnership By: Orinda Capital ParEners, L.P., a Texas limited partnership, its Managing Partner By: Orinda Managers, Inc., a T� c ora ' , �y. es .LENDER: THE FRO�T NATIONAL BANK Vice President B�. � - Nazxae: o ,Cyo� Title: �Dh EI�D,IJSFtZT� ��. LTST O�' EXHIBTTS TO THE COMPLETION AGREEMENT D ,�.11: : � 1: : EXHIBIT `°G" _ LEGAL DESCRIPTTON APPROVED BUDGET SIDEW.ALK DEVELOPMENT BOND Page 7 of 9 , � , �` EJCHISIT A �- � BEZNG a tract of land situated in the PxCKNEY CALbWELL SiTRVEX, ABSTRACT NI3A7BER 365 and in kh� S.F, WICKSCIN SUi�VEY{ RB5TRACT NUMBER 1673, 'I'arrant Count ,'�exa beinq a part of that certakz� tract of land as described by deed �o West�{,00g 820 Paxtnexs, xecorded in Vo�ume ].2927, Page 39, Aeed Records, TarranC County, Texas, being moz� parti,cularly described by metes and bounds as follows: BEGIDTI�'ING at a 5/8 inch iron rod found at the Southeast corn.er of Lot ].� Blocic 1, Whzte Sett}.emen.t Comm,e�cial Addition, an addi�iaz� td the Ci.ty a� Fort WorCh, according ta the plat recorded in Cabi.net A, 51ide 827, Plat R�cards, Tarrant Caunty, 3'exas, be�ng �.z� the NorCh line of Lot 3.A, Block 4, Settlement P1aza Additxan, an addition to the CitX af Fart Worth, accarding to the plat recorded ia Cabinet A Slide 5306, Plati Records, Taxxant Coun y, Texas and s.aid iran xad a�so being in the West l�.ne o� said West�Loo� B�0 Partners tract; ' THENC� North O5 degrees 49 minv.tes 59 seconrls East with the said WesC �ine of Westf�p�p 82fl Partners tract and with the E�st �ine of said Lot iB Block 1, a 3istance of 1a90,0s feet te a 1/2 inch i.ran rod faund at t�e Northwest corzaer af said West/Loop 820 Partners tract and bea.nq a Easterly cornex for said Lot 1B, 81ock 1, White Settlement Commercial Aadition; THE�ICE So�}t� 88 degrees 56 minutes 54 seconds East wi�.h th� North 7,�ne of said West/Loop 8�6 �artners tract, a distance of 6�1.43 �eet Y.v a 5/8 inch i an rod wxtih ca stamped ��Dunawa Assoc., �nc." set (hereinafter called 5/�S inch i.ron ro� set) in the Wes�erly right-cf-way line af E�rp edita.on Dri,ve (90 faa�. right-of-wa ) dedicate3 by final p7.at for Lots 1& 2 Hlock 1, Sett].ement Vi.J.lage Addi�ian, an addition to the City of Forti Wor�h according ta �he p1aC recarded in Cabinet A, 51ide 5708, Plat Reco'rds, Tarrant County, �'exas and bea.z�g the begYnning of a non-tangent curve to the lef� havin3 a centira}� angle of 27 degrees 54 minutes 42 seconds� a radius o� 1,226.7.3 feet and a cFiord beari.n and distance of South 29 degrees 57 mirlutes 4Z seconds East, 591.42 fee�; THENCE with said westerl, zight-nf-way line and with said c�x�r ta the left in a 5outheasterly,direc�ion, an arc length 597.31 feet to a 5�8 inch iron rod set at the begznning ❑f a curve to the right having a central angle o� 87 degrees g3 minutes 5I se�conds, a radius of 20.00 feet and a chord bearing and distance a� Sou�th 00 deqrees 03 minutes 06 s�conds East, 27.72 �eeti; THENCE wi�h said Westerly right-of-way ].ine fnaw variable width} and ws.th said c�}z�re to the xzght zn a Southerly dire�tion, an arc length 3�.52 fee� to a 5/B inch iron rad set; � THENCE Sou�.h 46 degrees 14 minutes 14 seconds East, co tinuing,wa.th said Westerly right�of-way, a distance of 6D.00 feeti to a 5�8 inch �ron rod set; THENCE 5outh 43 de�rees 48 minutes �k9 St,.'GQ1id5 West, departing sa�d Wester].y righfi.-of-wa , a distance of 54 . fl]. feet to a 5/S i.nch i.ron rod set at the begYnnin o� a curve to the left having a c�ntral angle o€ 20 degrees 03 minu�es �9 secands a xadius o� 434.OQ feet and a chord bearinq and distance of 5outh �3 degrees 47 minutes 64 s�conc}s i�ast, 149.77 feet; TkIENCE with said curve to th left in a Soutlnwesterly direction, an arc ].ength a� 15R.54 feet to a 5�6 inch iron rod set; , , THENCE Sout� 23 degrees 45 minutes 20 seconds West a di.stance at 1D2.90 feet ta a.5 B inch iron rod set at the beginna.ng a� a c�rve to �he right having a central az�gJ.e oi 25 degrees 06' minutes D9 second�, a radius vf 830.00 feet and a chord bearing and distance oE 5outh 36 degrees 18 minutes 24 seconds West, 360.74 feet; THENC� with saici curve to the rig2at i.n a Sauthwestierly directi�n, an arc length 363.64 fe�t to a 5/8 i.nch iroa rod set; � • THENCE Sauth 48 degrees 51 minutes 29 seconds West, a distance of 109.83 { CQNT . ON E7CH . A, PAGE 2) � � 4 1 � � EXHIBIT A {page 2) ieet to a 5/6 inch iran rod set aC the beginni.ng o£ a curve to the right having a central angle of 00 degrees 29 minutes 41 secands, a radi.us nf 5,D�0.00 feet and a chazd bearing and distance af SouCh 49 degxees 06 mznutes 19 secands West, 43.1.8 �eet; THENCE with said curve to the right in a Southwesterly direc�inn, an azc length �k3.18 �eet to a 5/8 �.nch �.zon �od set; • - THENC� 5ou�� 49 degrees Z1 minutes ].0 secands West a di.stance oi 60.36 fset ta a 5 8 inch iron rod seti a� the #�eginning o� a�urve to the left having a central angle of Oa degrees 29 ��.nutes 41 secondsr a radius o� 18981.BD fe�t and a chord beazin and distance of Sauth 49 degrees a6 minutas 19 seconds West, 153.90 �ee�; . �THENCE with sa�.d curve tv the left in a Sou�hwesterly direction an arc len th 163.90 feet ta a 5/9 inch iron rod set a�. the be inni.ng of a curve tv��he left having a centraJ. angl,e of Q1 degree 46 minu�es Ob seconds, a rada.us of 157D.00 fee�. and a chord bearing and dis�ance of South 47 degrees 58 minutes 29 secands West, 48.40 f�et; THENCE with said curve t th.e zight in a Southwesterly,direction, an arc len th 49.43. feet to a 1%2 inch iran rod found at the intexs�C�ion of Nor�herly ri.ght-of,-wa line of Stone �r�dg e Road (50 £oot ri ht-o�-way} and the Easterly righ�-af-way line v� Sett3.ement P1aza nrive 6D foot right-of-way? dedicated by iinal p].at. for 5ettlement Plaza Ad ition, an additi.on to the CiCy of For�. WortF�, accorda.ng to the plat recorded in Cabinet A, 51ide 53D6,,Plat Records, Tarrant County, Texas, said 1/2 irich irQn zod being the beg�.nning af a non-tangent eurve �o the le�t having a central. ang le of 16 degrees 55 minutes 37 seconds, a radius of 375.OD feet and a chord b�ari.ng ana dzs�ance nf North 46 degrees 19'minut�s 42 seconds West, 110.38 feet; THEhTCE with said Nartherly right�-of-way line of Stoney Bri.dge Road and wi�h said curve to t,ne left i.n a Northwesterly direction, an arc len th 11a.79 feet ta a 1/2 inch irvn�rqd faund at the Sautheast corner o� Lo� 34, B7.ock 4, said Settlement P].aza Addition;, ' THEi�CE North 35 degrees 12 minutes 30 seconds East, with the East line of said Lot 34r Bl.ock 4, Sett�ement P1aza Addi�ian and departing said Northerly r ght-v£-way line of 5tioney Bridge Road, a dxstance of 165.85 �eet to a 1�f2 inch iran rod found at the Northeast corner of said Lot 34, Block 4, Sett-lement P1aza Addition and being at the be inning af a nan-tanger3t curve to the Ieft havinq a cen�.ral angle o� 11 degrees 05 minutes 47 secands, a radi.us vf 2{ODQ.00 feet and a chard beaxa.n and di.stance of Nor�.h 82 degrees 44 sninutes •52• •seconds West, 386.73 �eet; THENCE with �.he NorC�ierly line a€ Block 4, of said Settlemezat Plaza Additian and with sa3d ctxrve� t�a the �eft in a Northwesterly direction, an arc ler�gth 387.34 ��et to a�/2 inch iron rod found at the 5outh�ast corner of Lot iA, Black 4, at said Settlement Plaza Addition; THENCE Narth 00 degrees 20 minutes 20 seConds East, with EasC line ot said Lc� t 1A, Block �, 5ettlement P�aza Adciitian, a distance vf 75.42 feet ta a ]./2 inch.zron rod found a�. the Hortheast corner of said Lo� �A, B�ack �, 5ettlement Plaza Addition; � THENCE North 89 degrees 39 minutes 57. seconds West, with Che F�brth lxne of said Lot lA, Block 4, 5ett�ement Plaza Addita.on a dis�.ance of 36.87 feet to the POZNT OF BE�INNYNG and can�aa.z�.ing 1�038,�36 square feet or 23.850 acres o£ land, more or lass. �� , � - s , � ' < < � i ' , { _ + ' � � �i i .�0Ct10II I Water $ 171,649.20 Sewer 147,424.5 Q Canstruction Inspectian 2% b,3$1.48 Sub-total $ 325,455.I8 SECt1011 II Interior 5treets $ 410,428.65* Construction Inspection 2% 8,2D8.S8 Stoxrza Drazns � 334,618.50 Construction Tnspection 2% 6,692.�7 Sub-total $ 759,948.10 � includes 2,0241inear feet o� developer sidewalks along Settlement P1aza Drive Section III Street Lights $ O.dO Design O.QO Sub-tatal $ 0.0f} Section IV Street Signs $ 0.00 Section V � Hornebuilder Sidewalks (6,7981inear feet} $ 67,98Q.Q0 s ti il_� _ • : $ 1.153383.28 Page 9 of 9 VV City of Fo�� Wo�ih, Teacas M�y�r ��d Counc�l Comr�ur�ic�-�ion I]A7E REFER�NCE NUMBER � 6125102 C�°� 913� Sl3BJECT C4MMUNITY FACIl�ITIES THE INSTALLATION OF ADDITfON, PHASE �I RECOMMENDAT�ON: ILUG NAM� PAGE zaP�►za � � � o� z AGREEMENT WITH Y��TlL��P 8�� PARTNERS FOR C�MMUNITY FACILITIES FOR SETTLEMENT PLAZA It is recommended that the City Cauncil au#horize #he City Manager fo ex�cute a Community Facilities Agreement with WesilLoop 820 Partners far t�e installation of eommunity facilities far Settlement Plaza Additinn, Phase II. DISCUSSlON: West/l.00p 82Q Parkners, the develaper of Settlement Plaza Addifion, Phase il, has executed a j proposed contract for c�mmunity facifities to serve a singie-family de�e�opment (108 kots) located in southwest Fort Warth, south of W�ite 5et�lement Raad and west of Jim Wright Freeway South (Loop 820) (see the attached map). The proposed cornmunity �aciEities agreement is in campliance with. City palicy. The de�elQpment has six (6) interiar streets. The developer's share for street impra�eme�ts is $497,624, plus $9,952 for cor�structinn i�speetion fees. Tliere is no City participaiian for interior paving improvements. The developer's estimated cost far storm drains is $274,729, �lus $5,495 for construction inspection fiees. The Ciiy's participa�ion for aver-sized storm drain is $17,325 p[us construction inspection fees, and $1,040 �ar e�gineering fees. There will be fwelve (12) sireef lights insfalled in this de��lopmer�t. The developer will be responsible for the installation of undergraund conduit and po[e bases for street lights. The City�'s participation far installation of all wiring ar�d street light fxtures is $'i8,Q00. The devefope�'s share wifl �e approximate[y $6,QOD. , � Th�re will be nine {9} intersections wher� street s9gns will be installed at a casf to the City of $900. The �eveloper's estimated cost for water and sewer is $383,1�1, plus $7,fi62 far construcfion inspection fees. The Water Department`s participation is $9,666, plus consfrucfion inspection fe�s. The tatai praject cast for this developm�nt is $1,231,494. The developer's par#Rcip.ation is $1,'�84,583, and the tatal City participation is $46,931. �r� Decem�er 19, 200a, the City Cauncil adopted a resoiutior� a�thorizing the issuance of� $45M in Certificates of Obli�ation to address critical capitaf projects which included $2.5M in new de�elopment funds fo supplement tne 1998 Capital Improvement Program new devefopm�nt funds. PLAN COMMIS510N APPROVAL - �r� July 25, 20a1, the P�an Commission aPproved preliminary plat (PP01 D28). The finaE plat has been submitted ta City staff for re�iew. This develapment is focated in C�UNCIL D[STRICT 7. C'i�y of .�'or� Wor�th, Texas I��yor �nd �o�r�cii Co��u�ic�tior� DAT� R�FERENCE NUMBER LOG NAME PAGE � 612�102 ��°[ 9� 3� 20PLAZA � 2 of 2 sua��cY . COMMUNITY FACILIfilES GREEMENT WITH WESTILOOP 820 PARTNERS FOR THE INSTALLATION OF COMMUNITY FACILITIES FOR SETTLEMENT PLAZA ADD1T[4N, PHASE II FISCAL INFORMAiIONlCERTIFICATlON: Tf�e Finance Director certifies that fur�ds are available in the curr�nf capiial budgets as appropriated, of the Water Capi#al Projecis Fun� and the Critica{ Capital Projects Fund of ihe $45M Certificates of Obligation Pragram. BG:k Submitted far Cfty Manager's Otfice by: Bridgette Garrett/Acting Originatiug Department Head: G. Behmanesh/Acting Additianal Informatian Cantact: G. Behmanesh/Acting ��uxn I ACCOUNT � c�nx�R � A�o�T (to) G14o � 7801 (from) C116 C116 j C196 f C996 7801 I P164 541200 02D116'136363 531200 02�116136363 541200 0201161368D1 541200 02D116136802 539140 06D16Q15278D $17,325.00 $ 1,D4Q.OD $18,OODAO $ 900.00 $ 9,866.00 C1TY SECR�TARY APPRpVED 06/25/OZ �'ity of ' �'or� Wo�th, T'exas ��►�� nc�� u�n�c�� DATE REFERENCE NUMBEF� LOG NAME PAGE si2�ia2 �-� 9132 2oP�azA I � o� 2 suB�Ecr COMMUNITY FACILITIES AGREEMENT VIIITH WESTILOOP 820 PARTNERS F�R THE INSTALLATION OF COMMUNITY FACILITIES FOR SETTLEMENT PLAZA ADDITION, PHASE II RECOMMENDATION: li is recommended that the City Counci! authflrize the City Manager to execute a Community Facilities Agreement with WestlLoQp 820 Partners for the instal{atian of communiiy facilities for Settiement Plaza Addition, Phase II. DISCUSSION: WestlLoop 820 Partners, fhe developer of Settlement Plaza Addition, Pf�ase I!, has executed a proposed contract for comm�nity facilities ta serve a single-fam'rly develapment (1fl8 Iats) loca#ed in southwesf Fort Workh, sout� of White Settlement Road and west of Jim Wri�ht Freeway South (�oop 82�) (see the attached map). The propase� community facilities agreem�nt is in compliance with City Poficy. The develo�ment has six (6} interior streets. The developer's share %r street improvemet�ts is $497,624, �lus $9,952 for construct�an inspection fees. There is na City participation for in#erior paving impro�ements. The develo�er's estimated cost for storm drains is $274,729, plus $�,495 for construction inspectian fees. The City's partici�ation far ouer-sized storm drain is $17,325 plus construction inspection fees, and $i3O�0 for �ngineering fees. There will be twelve (12) streef lights installed in this de�elopment. The de�eloper will be respansible far the installatian of underground conduit and pole bases for street lights. T�e City's participatian for instaliatian af all wirtng and street light fixtures is $18,000. The de�elope�'s share �will be approximately $6,000. There wiil be nin� (9} intersections where street sig�s will be installed at a cost t4 the City of $90Q. The deve�oper's estimated cost for water and sewer is $383, � a1, pius $7,662 far construction inspection fees. The Water Department's participation is $9,666, plus c�nstruciion inspection fees. The total projecfi cost for this develapment is $'1,231,494. The developer's participation is $1,1$4,563, and the tvtal Ci�y participation is $46,931. 4n December 19, 2000, the City Council adopted a resoiutior� authorizing the issuance of $45M in Certificates of Obligation to address critical capital proj�cts wnich included $2.�M in new de�elopmen# funds to supp�emer�t the �998 Capital Improuement Program rtew development funds. PLAN C�MMISSION APPROVAL - On July 2�, 2001, the Plan Commission appro�ed preliminary plat (PP01028}. The final pla# has been submitted to City staff for review. This development is located in C�UNCIL DISTRICT 7. C'ity of ' Fo�i T�o�th9 T'exas �� r�� 1 ��c��t��r� DATE RE�'�REI�IC� NUMBER LOG NAME PAGE 6125102 �o°� g� �2 20PLAZA � 2 of 2 suB.��cT COMMUNITY FACILITIES AGREEMENT WITH WESTILOOP 82a PARTNERS FOR THE INSTALLATION OF C�MMUNITY. FACILITIES FOR SETTLEMENT PLAZA ADDITiON, PHASE il FISCAL INFORMATIONICERTIFICATION: The Finance Directar certifies that funds are avaiIable in the c�rrent capital budge#s as apprapriated, of the Water Capita� Projects Fund and the Critical Capi#al Projects Fund of the $45M Certificates of 4��igation Program. BG:k Su6mitted far City Manager's oft�� by: Bridgette Garrett/Acting OriginaYing Dep�rtment Head: G. Behmanesh/Acting tldditivnal lnformation Contact: G. Behmanesl�lActing I FUND I ACCOUNT � CEi�TER � AMO�JI�i'T � (to) I 6r�a � 78U1 I (from) C116 541200 C116 531200 � C116 541200 � G116 54120D 7801 I P160 539140 020118136363 020116136363 02�1161368a1 020116138802 06016015278p $17,325.00 $ 1,04D.00 ��s,000.oa $ 9QQ.00 $ 9,666A� CTTY SEC1tETARY