HomeMy WebLinkAboutContract 60495TransportationImpactFee CreditAgreement– CA-19-005
Watersbend South
Page 1of22
11/01/2023
CSCO NO. ________
TRANSPORTATION IMPACT FEE CREDIT AGREEMENT
THIS TRANSPORTATION IMPACT FEE CREDIT AGREEMENT (the
“Agreement”) is made and entered into effective as of the Effective Date (as defined below), by
and among THE CITY OF FORT WORTH, TEXAS (the “City”), a Texas home rule municipal
corporation, Forestar (USA) Real Estate Group Inc., a Delaware Corporation authorized to do business
in Texas (the “Owner”) and Saginaw Watersbend, Ltd, a Texas limited liability company authorized to
do business in Texas (the “Owner”), collectively the “Owners”, (the City and the Owners a “Party”, and
collectively, the Parties”).
RECITALS
WHEREAS, the Owners ownapproximately 252,903 acres in Tarrant County, Texas, as described
by metes and bounds in Exhibit “A” (the “Property”) located within the corporate boundaries of the City
at the time of platting. A map of the Property showing its location is attached hereto as Exhibit “B”; and
WHEREAS,the Owner developed the Property as described or illustrated on the Development
Plan, attached hereto as Exhibit “C”, which identifies the on-site and/or off-site transportation facilities
necessary for serving full development of the Property; and
WHEREAS, the City has adopted a Transportation Impact Fee program pursuant to Texas Local
Government Code Chapter 395, codified in City Code Chapter 30, Article VIII, et seq., as amended, under
which impact fees are imposed on new development for impacts to the City’s transportation facilities as a
result of said development; and
WHEREAS, transportation impact fees are collected and must be spent by the City on impact fee
eligible transportation facilities identified within the City’s adopted Transportation Improvements Plan
(“TIP”), as amended, within the service area(s) in which the new development is located; and
WHEREAS, the Impact Fee Program provides for credits against impact fees for dedication of
right-of-way and/or construction of transportation improvements identified as impact fee eligible on the
adopted TIP; and
WHEREAS, the Property is located withinservice area C; and
WHEREAS, the City has determined the maximum transportation impact fees to be assessed
against new development within service area C to be $1,144 per service unit (vehicle-mile of demand); and
WHEREAS,certain transportation facilities depicted on Exhibit “D” are identified as
impact fee eligible within the City’s adopted TIP and therefore eligible for impact fee credit; and
WHEREAS, Owner has dedicated the right-of-way and/or constructed the transportation
improvements shown on Exhibit “D” for which credits against transportation impact fees shall be granted;
and
TransportationImpactFee CreditAgreement– CA-19-005
Watersbend South
Page 2of22
11/01/2023
WHEREAS, Owners have received approval for the Watersbend South preliminary plat
(PP-18-025) (Exhibit C); and
WHEREAS, Owner has dedicated 10,445 square feet of right-of-way for Wagley Robertson Road,
an eligible arterial, by FP-16-063 Waterbend South, Instrument D218196475, September 4, 2018; and
WHEREAS, Owner has dedicated 159,564 square feet of right-of-way for Heritage Trace
Parkway, an eligible arterial, by FP-19-025 Waterbends South, Instrument D221028242, February 2,
2021; and
WHEREAS, Ownerhas dedicated 19,347 square feet of right-of-wayfor Wagley Robertson Road,
an eligible arterial, by FP-19-123 Waterbends South, Instrument D221076385, March 22, 2021; and
WHEREAS, Owner has executed a Community Facilities Agreement (CFA 2017-016), and
obtained final acceptance by the City on October 4, 2018 for Watersbend South-Phase 1A, City Project
100612; and
WHEREAS, Owner has received approval for construction plans (IPRC19-0118), executed a
Community Facilities Agreement (CFA19-0123), and obtained final acceptance by the City on July 14,
2022 for Heritage Trace Parkway, City Project 102139; and
WHEREAS, Owner has received approval for construction plans (IPRC19- 0236), executed a
Community Facilities Agreement (CFA20-0062), and obtained final acceptance by the City on January 31,
2022 for Watersbend South Ph 1B,City Project 102475.
NOW, THEREFORE,for and in consideration of the mutual agreements, covenants,and
conditions contained herein, and other good and valuable consideration, the City and the Owner hereby
covenant and agree as follows:
1.Recitals. The recitals contained in this Agreement are true and correct as of the Effective
Date and form the basis upon which the Parties negotiated and entered into this Agreement.
2.Transportation Improvements. Owner agrees to dedicate the rights-of- way for and/or
construct the system facilities identified in Exhibit “D”. For any transportation improvement which has
been previously dedicated or constructed by Owner on the Property and accepted by the City prior to
execution of this Agreement, the improvement shall be identified as completed on Exhibit “D”.
3.Credits. The Parties agree that the estimated value of the credits for each transportation
improvement, expressed in current dollars, shall be as set forth in Exhibit “E”. The value of credits
associated with the improvements first shall be reduced by the Schedule 2 impact fee associated with any
lot for which a building permit has previously been issued, and the net value of credits shown on Exhibit
“E” shall be considered as exact.
4.Phasing. The Parties acknowledge that, where it is anticipated that the project will be
developed inphases, theanticipated construction of improvements by phase shall be asdepicted in Exhibit
TransportationImpactFee CreditAgreement– CA-19-005
Watersbend South
Page 3of22
11/01/2023
“D”, which is attached hereto and incorporated herein by reference.
5.Allocation of Credits by Phase. The general allocation of credits to each phase of the
development shall be as shown on Exhibit “F”, which is attached hereto and incorporated herein by
reference. The Parties agree that the credits identified in this Agreement shall not be deemed to have been
created until the system facility for which credit is to be granted has been dedicated and accepted (in the
case of right- of-way) or constructed through an executed Community Facilities Agreement and final
acceptance by the City has been obtained. The Parties further agree that, prior to the application of a credit
against transportation impact fees otherwise due for any unit of development; the following events shall
take place:
(a)The number of credits resulting from such improvement has been valued; and
(b)Concurrent with final plat approval, a credit allocation shall be provided by the
developer for the phase of development to which the credit is to be applied, which
allocation may either assign the credit, expressed in dollars, to each finally platted lot or
may create a credit-pool to be utilized by that phase of development.
6.Term and Effective Date. The initial term of this Agreement shall be ten (10) years from
its Effective Date.
7.Agreement to Run with the Land. Owner shall have the right to assign this Agreement to
any person or entity (“Owner’s Assignee”) with the written consent of the City, provided: (a) the
assignment is in writing executed by the Owner and its assignee; and (b) the assignment incorporates this
Agreement by reference and binds the Owner’s Assignee to perform (to the extent of the obligations
assigned) in accordance with this Agreement. Each Owner’s Assignee shall become a Party to this
Agreement upon the execution of such assignment. In no event may this Agreement be construed to
authorize assignment of any credits attributable to a system facility to be dedicated or constructed
hereunder for use outside the boundaries of the Property.
8.Amendment. This Agreement shall not be modified or amended except as follows:
(a)Any amendment or modification to this Agreement or any Exhibit or schedule
hereto shall be in writing and signed by the Parties.
(b)Any revision, amendment, or modification to this Agreement, the Development
Plan, or any Exhibit or schedule thereto, shall become effective on the date executed by the
Parties or, as applicable, upon the date of approval by the City Council or designated city
official.
9.Exhibits. The exhibits attached to this Agreement are incorporated as part of this
Agreement for all purposes as if set forth in full in the body of this Agreement
IN WITNESS WHEREOF, the undersigned parties have executed this Agreement to be effective
as of the date subscribed by the City’s Assistant City Manager.
TransportationImpactFeeCreditAgreement–CA-19-005
Watersbend South
Page 4of22
11/01/2023
CITYOFFORTWORTH,TEXAS
____________________________________
DanaBurghdoff
Assistant City Manager
Date:
Recommended by:
____________________________________
D.J.Harrell Director,
DevelopmentServices Department
Approvedasto Form andLegality:
____________________________________
Douglas Black
AssistantCityAttorney
M&C: None required
Form1295:Nonerequired
ATTEST:
____________________________________
JannetteGoodall
City Secretary
OWNER
Saginaw Watersbend, Ltd a Texas limited
liability company
____________________________________
Don Allen,
Secretary
OWNER
Forestar (USA) Real Estate Group Inc. a
Delaware Corporation
____________________________________
KevinLazares,
VicePresident
City Contract Compliance Manager:
By signing, I acknowledge that I am the person
responsible for the monitoring and administration
of this contract, including ensuring all performance
and reporting requirements.
____________________________________
Jennifer H. Roberts
AssistantDirector
Development Services Department
TransportationImpactFee CreditAgreement– CA-19-005
Watersbend South
Page 5of22
11/01/2023
EXHIBIT LIST
“A” Description of the Property
“B” Map of Property
“C” Development Plan
“D” Eligible Transportation Improvements
“E” Credits Against Transportation Impact Fees
“F” Allocation of Credits
TransportationImpactFee CreditAgreement– CA-19-005
Watersbend South
Page 6of22
11/01/2023
EXHIBIT A
Description of Property
PROPERTY DESCRIPTION
Being 252.903 acres of land located the E. H. Elkins Survey, Abstract No. 487 and the George Mathews
Survey, Abstract No. 1078 Tarrant County, Texas, being described in the deed to Saginaw Watersbend,
Ltd., recorded in County Clerks Document Numbers D215281476 (save & except 94.943 acres described
in deed to Innisbrook GP, LLC, recorded in D215281525), D216144175, and D216268689, Deed
Records, Tarrant County, Texas. Said 252.903 acres of land being more particularly described as
follows:
BEGINNING at an 1/2" iron rod stamped BEASLEY RPLS No. 4050 found at the Northeast corner of
Lot 2, Block 3, Fossil Park Estates, an addition to the City of Fort Worth, Tarrant County, Texas
according to the plat recorded in Cabinet A, Slide 7641, and 7642, Plat Records, Tarrant County, Texas,
said 1/2" iron rod being in the South line of a tract of land described in the deed to Litografia
Tecnocolor, S. A. recorded in Volume 5828, Page 253 Deed Records, Tarrant County, Texas, lying
N89 14'30"E a distance of 30.00 feet from an 1" iron rod found at the Southwest corner of said
Litografia tract;
THENCE N89 14'30"E, a distance of 60.01 feet along said South line of the Litografia tract to an 1/2"
iron rod stamped BEASLEY RPLS No. 4050;
THENCE S00 06'09"W, a distance of 101.49 feet to an 1/2" iron rod stamped BEASLEY RPLS No.
4050;
THENCE S89 53'51"E, a distance of 45.20 feet to an 1/2" iron rod stamped BEASLEY RPLS No. 4050;
THENCE N54 23'24"E, a distance of 178.76 feet to an 1/2" iron rod stamped BEASLEY RPLS No.
4050 in said South line of the Litografia tract;
THENCE N89 14'30"E, a distance of 1,610.55 feet along the South line of said Litografia Tecnocolor
tract to a 5/8" iron rod found at the Northwest corner of a tract of land described in the deed to Burlington
Northern and Santa Fe Railway Company, a Delaware corporation recorded in Volume 12734, Page
680, Deed Records, Tarrant County, Texas;
THENCE S01 27'23"W, a distance of 5085.13 feet along said West line of the Burlington Northern
tract to a 5/8" iron rod found at the Southwest corner of said Burlington Northern tract;
THENCE N79 18'09"W, a distance of 1,166.04 feet to a 1/2" iron rod found, an angle point in the East
line of a tract of land described in deed to Q. P. Courtney, Jr. and Will A. Courtney, recorded in Volume
6087, Page 434, Deed Records, Tarrant County, Texas;
THENCE along the East line and the North line of said Courtney tract as follows:
TransportationImpactFee CreditAgreement– CA-19-005
Watersbend South
Page 7of22
11/01/2023
1. N00 37'00"E, a distance of 508.14 feet to an 1/2" iron rod found;
2. N40 52'58"W, a distance of 200.13 feet to an 1/2" iron rod found;
3. N17 53'51"W, a distance of 950.29 feet to an 1/2" iron rod found;
4. S89 31'45"W, at a distance of 1,126.76 feet passing the Southeast corner of Lot 2, Block 1,
Smokey Hill Addition, to the City of Fort worth, Tarrant County, Texas according to the plat
recorded in Cabinet A, Slide 772, Plat Records, Tarrant County, Texas, from which an 1/2" iron
rod found bears S 00 27'15" E 0.32 feet, in all continuing along the common line of said Lot 2
and Courtney tract a distance of 1527.93 feet to a point at the most Southerly Southwest corner
of said Lot 2, from which a 3/8" iron rod found bears S 09 02'38" E 0.60 feet;
THENCE N 09 02'38" W, a distance of 454.55 feet along the West line of said Lot 2, to an 1/2" iron rod
at an angle point in said Lot 2, from which an 1/2" iron rod found bears S 58 43'52" W
0.57 feet;
THENCE N 09 05'11" W, a distance of 246.42 feet to an 1/2" iron rod found in the North line of said Lot
2, at the most Easterly Southeast corner of Lot 1-R located in said Block 1, Smokey Hill Addition;
THENCE along the East and North lines of said Lot 1-R as follows:
1. N08 54'58"W, a distance of 74.99 feet to an 1/2" iron rod at the Northeast corner of said Lot 1-R;
2. N89 32'51"W, at a distance of 541.15 feet passing an 1/2" iron rod at the Northwest corner of
said Lot 1-R in all a distance of 573.17 feet to a railroad spike found at the most westerly
Southwest corner of said tract No. II;
THENCE N00 20'40"E, a distance of 876.54 feet along the West line of said tract No. II to an 1/2" iron
rod stamped BEASLEY RPLS No. 4050 at the Southwest corner of said Fossil Park Estates;
THENCE N54 23'24"E, a distance of 723.41 feet along the Southerly line of said Fossil Park Estates to
a point at the West corner of Lot 23X, Block 22, Fossil Park Estates an addition to the City of Fort
Worth, Tarrant County, Texas according to the Plat recorded in Cabinet A, Slide 10403, Plat Records,
Tarrant County, Texas;
THENCE along the Southwest, South, East and North lines of said Fossil Park Estates
recorded in Cabinet A, Slide 10403 as follows:
1. S45 10'53"E, a distance of 101.53 feet to a point;
2. N87 10'14"E, a distance of 208.94 feet to a point;
3. S45 32'27"E, a distance of 254.26 feet to a point;
4. S14 48'13"E, a distance of 70.04 feet to a point;
TransportationImpactFee CreditAgreement– CA-19-005
Watersbend South
Page 8of22
11/01/2023
5. S34 17'07"W, a distance of 127.40 feet to a point;
6. East, a distance of 203.01 feet to a point;
7. N52 59'10"E, a distance of 184.28 feet to a point;
8. Northwesterly, 17.79 feet along a non tangent curve to the right, having a radius of 175.00 feet, a
central angle of 05 49'26" and a chord bearing N34 06'07"W, 17.78 feet to a point;
9. S89 53'51"E, a distance of 1,104.19 feet to a point;
10. N01 27'23"E, a distance of 36.62 feet to a point;
11. S88 32'37"E, a distance of 150.00 feet to a point;
12. N01 27'23"E, a distance of 317.03 feet to a point;
13. S89 53'51"E, a distance of 10.03 feet to a point;
14. N00 06'09"E, a distance of 250.00 feet to a point;
15. S89 53'51"E, a distance of 5.46 feet to a point;
16. N00 06'09"E, a distance of 150.00 feet to a point;
17. N89 53'51"W, a distance of 368.82 feet to a point at the Southeast corner of Lot 2, Block 8,
according to said plat of Fossil Park Estates recorded in Cabinet A, Slides 7641 and 7642;
THENCE along the Easterly lines of said Fossil Park Estates recorded in Cabinet A, Slides 7641 and
7642 as follows:
1. N00 06'09"E, a distance of 100.00 feet to an 1/2" iron rod stamped BEASLEY RPLS No. 4050;
2. S89 53'51"E, a distance of 23.49 feet to an 1/2" iron rod stamped BEASLEY RPLS No. 4050;
3. N00 06'09"E, a distance of 150.00 feet to an 1/2" iron rod stamped BEASLEY RPLS No. 4050;
4. N89 53'51"W, a distance of 60.00 feet to an 1/2" iron rod stamped BEASLEY RPLS No. 4050;
5. N00 06'09"E, a distance of 30.00 feet to an 1/2" iron rod stamped BEASLEY RPLS No. 4050;
6. N89 53'51"W, a distance of 311.69 feet to an 1/2" iron rod stamped BEASLEY RPLS No. 4050;
7. N00 03'47"W, a distance of 196.65 feet to an 1/2" iron rod stamped BEASLEY RPLS No. 4050;
TransportationImpactFee CreditAgreement– CA-19-005
Watersbend South
Page 9of22
11/01/2023
8. N54 23'24"E, a distance of 211.32 feet to an 1/2" iron rod stamped BEASLEY RPLS No. 4050;
9. N00 06'09"E, a distance of 60.00 feet to an 1/2" iron rod stamped BEASLEY RPLS No. 4050;
10. N89 53'51"W, a distance of 21.73 feet to an 1/2" iron rod stamped BEASLEY RPLS No. 4050;
11. N00 06'09"E, a distance of 100.59 feet to the point of beginning, containing 252.903 acres of
land.
The bearings recited hereon are oriented to the West line of the tract described in Volume 6262, Page
779, Deed Records, Tarrant County, Texas.
TransportationImpactFee CreditAgreement-CA-19-005
Watersbend South
Page10of 22
11/01/2023
EXHIBIT B
Map of Property
TransportationImpactFeeCreditAgreement-CA-19-005
Watersbend South
Page11of 22
11/01/2023
EXHIBIT C
Development Plan
PreliminaryPlat PP-18-025
Wagley Robertson Rd.
Owner: Saginaw
Watersbend LTD.
FP-16-063
CFA 2017-016
CPN: 100612
Heritage Trace Pkwy
Owner: Forestar USA
FP-19-025
CFA19-0123
CPN: 102139
Wagley Robertson Rd
Owner: Forestar USA
FP-19-123
CFA20-0062
CPN 102475
TransportationImpactFeeCreditAgreement-CA-19-005
Watersbend South
Page12of 22
11/01/2023
TransportationImpactFeeCreditAgreement-CA-19-005
Watersbend South
Page13of 22
11/01/2023
Exhibit D
Transportation Improvements
TransportationImpactFee CreditAgreement-CA-19-005
Watersbend South
Page14of 22
11/01/2023
EXHIBIT E
Credits Against Transportation Impact Fees
Watersbend South
Transportation Impact Fee Credit Overview
Value of ROW Dedication
D218196475 FP-16-063 Wagley Robertson $ 20,263.30
D221076385 FP-19-123 Wagley Robertson $ 37,533.18
D221028242 FP-19-025 Heritage Trace $ 579,217.32
TOTAL ROW CREDIT $ 637,013.80
Value of Capacity Provided
City Project # CFA # Eligible Arterial Value
100612 2017-016 Wagley Robertson $ 162,604.80
102475 CFA20-0062 Wagley Robertson $ 3,474,631.80
102139 CFA19-1023 Heritage Trace $ 93,189.76
TOTAL CONSTRUCTION CREDIT $ 3,730,426.36
TOTAL TRANSPORTATION IMPACT FEE CREDIT $ 4,367,440.16
Value of Existing Demand
Building Permits 236 $ 885,000.00
TOTAL VALUE EXISTING DEMAND $ 885,000.00
DR Horton Credit Already Received $ 16,875.00
DR Horton Refund (Not Processed at time of agreement
signature) $ 2,095,125.00
TOTAL EXISTING DEMAND $ 2,997,000.00
NET TRANSPORTATION IMPACT FEE CREDIT
AVAILABLE $ 1,370,440.16
TransportationImpactFee CreditAgreement-CA-19-005
Watersbend South
Page16of 22
11/01/2023
TransportationImpactFee CreditAgreement-CA-19-005
Watersbend South
Page17of 22
11/01/2023
Right-of-Way Valuation for Wagley Robertson Rd
METHOD 1 - Percentage of 2017 TIP Project Cost
2017 Transportation Improvements Plan Project C-24
Estimated Construction Costs from 2017
Transportation Improvements Plan
$3,517,000.00
Value of Total Project Right-of-Way (20% of
Construction Cost)
$703,400.00
Total Project Length (LF)3,310
Arterial Cross-Section Width (LF) 110
Additional ROW needed for Roundabout (SF) 0
Total Project Right-of-Way (SF) 364,100
Right-of-Way Value Per Square Foot $1.94
METHOD 2 - Percentage of Actual Construction Costs
Actual Construction Costs $79,294.80
Value of Total Project Right-of-Way (20% of
Construction Cost)
$15,858.96
Total Project Length (LF)303
Arterial Cross-Section Width (LF) 34
Additional ROW needed for Roundabout (SF) 0
Total Project Right-of-Way (SF) 10,317
Right-of-Way Value Per Square Foot $1.54
METHOD 3 - TAD Value as of 01/01/2017
TAD Account 42238615
Total Area (SF) 1,302,160
Appraised Value $350,925.00
Right-of-Way Value Per Square Foot $0.27
Wagley Robertson Right-of-Way Dedication
- Recorded as Instrument Wagley Robertson
Recording Instrument Number D218196475
Final Plat Number FP-16-063
Recording Date 9/4/2018
Total area of ROW dedicated (SF) 10445
Value per SF $1.94
Total Credit Available $20,263.30
TransportationImpactFee CreditAgreement-CA-19-005
Watersbend South
Page18of 22
11/01/2023
TransportationImpactFee CreditAgreement-CA-19-005
Watersbend South
Page19of 22
11/01/2023
Capacity Provided by Watersbend South - 1A
Wagley Robertson City Project # 100612 Final Plat FP-19-123
Paving
Item
No. Description Total
Quantity Unit Unit Price Eligible
Quantity Eligible Amount
1 6" CONCRETE PAVEMENT 9420 SY $32.00 9,420 $ 301,440.00
2 6" LIME TREATED SUBGRADE 10070 SY $3.75 10,070 $ 37,762.50
3 HYDRATED LIME @ 30LBS 151 TN $163.00 151 $ 24,629.30
4 8" CONCRETE PAVEMENT 10293 SY $40.00 10,293 $ 411,720.00
5 8" LIME TREATED SUBGRADE 10849 SY $3.75 10,849 $ 40,683.75
6 HYDRATED LIME @ 30LBS 163 TN $163.00 163 $ 26,520.10
7 10" CONCRETE PAVEMENT 983 SY $52.00 983 $ 51,116.00
8 8" LIME TREATED SUBGRADE 1054 SY $3.75 1,054 $ 3,952.50
9 HYDRATED LIME @ 42 LBS 22 TN $163.00 22 $ 3,602.30
10 P-1 RAMP 26 EA $1,400.00 26 $ 36,400.00
11 M-2 RAMP 8 EA $1,400.00 8 $ 11,200.00
12 5' CONCRETE SIDEWALK 1963 LF $25.00 1,963 $ 49,075.00
13 10' CONCRETE SIDEWALK (CO #2)460 LF $25.00 460 $ 11,500.00
14 SAW CUT 17 SY $97.00 17 $ 1,649.00
15 END OF ROAD BARRICADE 11 EA $875.00 11 $ 9,625.00
16 REMOVE END OF ROAD BARRICADE 1 EA $100.00 1 $ 100.00
17 CONCRETE HEADER 325 LF $9.00 325 $ 2,925.00
18 REMOVE CONCRETE HEADER 29 LF $10.00 29 $ 290.00
19 ST SIGN W/STOP SIGN 12 EA $375.00 12 $ 4,500.00
20 ST MARKER BLADE 24 EA $75.00 24 $ 1,800.00
21 120' SPAN COLLECTOR ROAD BRIDGE 1 LS $579,000.00 1 $ 579,000.00
22 CONNECT TO CURB & GUTTER 28 LF $10.00 28 $ 280.00
23 TRAIL CONTROL 1 LS $3,000.00 1 $ 3,000.00
Paving Subtotal 1,612,770.45$
Storm Drainage
Item
No. Description Total
Quantity Unit Unit Price Eligible
Quantity Eligible Amount
1 10' CURB INLET (CO #1)8 EA $3,800.00 8 $ 30,400.00
2 15' CURB INLET (CO #1)7 EA $5,150.00 7 $ 36,050.00
3 20' CURB INLET 2 EA $7,400.00 2 $ 14,800.00
4 3'X3' DROP INLET 1 EA $3,600.00 1 $ 3,600.00
5 21" CLASS RCP (CO #1)860 EA $72.00 860 $ 61,920.00
6 24" CLASS RCP (CO #1)819 EA $81.00 819 $ 66,339.00
7 27" CLASS RCP (CO #1)457 EA $92.00 457 $ 42,044.00
9 36" CLASS RCP 394 EA $136.00 394 $ 53,584.00
10 42" CLASS RCP (CO #1)406 LF $175.00 406 $ 71,050.00
12 27" CLASS III RCP 2 LF $2,800.00 2 $ 5,600.00
13 36" CLASS III RCP 1 LF $4,200.00 1 $ 4,200.00
14 42" CLASS III RCP 1 LF $5,600.00 1 $ 5,600.00
16 5'X5' STORM JUNCTION BOX (CO #1)2 EA $8,400.00 2 $ 16,800.00
18 TRENCH SAFETY (CO #1)3210 LF $1.00 3,210 $ 3,210.00
19 CONCRETE COLLAR (CO #1)9 EA $135.00 9 $ 1,215.00
20 MEDIUM STONE RIPRAP, GROUTED 27 SY $87.00 27 $ 2,349.00
21 FLEXMAT 546 SY $81.00 546 $ 44,226.00
22 GABION MATTRESS (CO #1 & #3)125 SY $125.00 125 $ 15,625.00
23 33" CLASS III RCP (CO #1)51 LF $123.00 51 $ 6,273.00
24 48" CLASS III RCP (CO #1)223 LF $224.00 223 $ 49,952.00
28 6X6 STORM JUNCTION BOX (CO #1) 1 EA $8,900.00 1 $ 8,900.00
29 CONCRETE RIP RAP 9CO #1)507 SY $61.00 507 $ 30,927.00
30 ARMOUR MAX (CO #3)264 SY $39.00 264 $ 10,296.00
31 24" CLASS III RCP TYPE B HEADWALL W/BAFFLE BLOCKS (CO #3)1 EA $2,900.00 1 $ 2,900.00
32 48" CLASS III RCP TYPE B HEADWALL W/ BAFFLE BLOCKS (CO #3)1 EA $8,700.00 1 $ 8,700.00
Storm Drainage Subtotal 596,560.00$
Street Lights and Signs
Item
No. Description Total
Quantity Unit Unit Price Eligible
Quantity Amount
1 LED LIGHTING FIXTURE (co #4)21 EA $ 3,084.00 21 $ 64,764.00
2 2" CONDUIT PVC SCH 40 1,128 LF $ 8.41 1,128 $ 9,486.48
3 NO 6 INSULATED ELEC CONDR 3,384 LF $ 0.79 3,384 $ 2,673.36
Street Lights & Signs Subtotal 2,673.36$
Paving Subtotal 1,612,770.45$
Storm Drainage Subtotal 596,560.00$
Street Lights & Signs Subtotal 2,673.36$
CONSTRUCTION SUBTOTAL 135,504.00$
Other Eligible Items
Amount
Engineering, Surveying and Material Testing 20%of Paving & Storm Drain $ 27,100.80
Net Credit Available 162,604.80$
Description
TransportationImpactFee CreditAgreement-CA-19-005
Watersbend South
Page20of 22
11/01/2023
TransportationImpactFeeCreditAgreement-CA-19-005
Watersbend South
Page21of 22
11/01/2023
TransportationImpactFeeCreditAgreement-CA-19-005
Watersbend South
Page22of 22
11/01/2023
EXHIBIT F
Allocation of Credits
Credit shall be allocated on a first-come, first-served basis within the preliminary plat boundaries.