HomeMy WebLinkAboutContract 27231r ,
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Ct7Allf'�ll�{TY �AGILIi{�� �►CR��I�IENi
TH� STATE C}F TEXAS �
COUNTY O� TARRANT §
City Secre#ary
Contract No
.� � `
WHEREAS, WESTILQ�P 820 PARTNERS, h�reinafter called "Deveioper",
desires to mak� certain improve�'nents ta Settleme�t Village Addition, an additian to the
City af Fort Warth, 7exas; and
WHEREAS, the sa�d Developer has requ�sted the City of Fort Wo�th, a municipal
carporation of Tarra�t and bentan Counties, Texas, hereinafter calfed "City", to da
certa�n work in connection with said �mprovements;
NDW, THEREFORE, KN�W A�.L BY THESE PRESENTS:
That said Dev�loper, acting herein by and ihraugh Orinda CapitaE Partners, L.P.,
ifs Managing Partrter, by Orinda Managers, Inc., its General Partner, by and thro�c�h
James J. Melino, it dufy authorEzed Vice Pr�sident, and the City, acting herein by and
thro�tgh Mike Groamer, its duly authorized Assista�f City Manager, for and in
consideration ofi the ca�enants ar�d conditions contained herein, do he�-eby agree as
follaws:
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SECTION �NE
C�MMUNITY FACIl�ITIES AGREEMENT
to install
WATER AND SEWER SERVICES
for
SETiL,��i�i�i VILL�4G� AC�DIiIQ��!
A. The City agrees to permit the Develo�er to �et a contract far, in accardance
with its aecepted �rac#ices, ordinanc�s, regulations, and the provisians of
the City Charter, and subject to the requirements of the City's Char�er, and
subject to the requirements of the City's Poficies and Regulations far
lnsiaflation of Community Facilities, aal as current at th� time af instaliatian;
�NAT�� �ACiLITl�S senre t�� �ots ��� shown on the attached Exhibit �,
and SAA�I��RY S�1�V�� F�►el�lYi�S to serve the lo�s as shown on the
�ttached Exhibit Ad9 ail in accordancE wift� plans and specifications to
be pre�ared by private engineers employed by tk�e Deveioper and
approved by the Water Department.
B. The City agrees to allow the D�veloper to instail, at his exp�nse, at the
time all other wafer mains jn this addifion are installed, a service line for
each !ot as showr� on ihe attached Exhibit �, . The esfimated cost ofi
these service Iines is $ 900. The City agrees ta record tn� lacation of each
said service line in respect to the carner of the iot served, and to re�ain
said records in its possession.
C. The const�wction cast of the water facilities herein concerned, exciusive o#
service lanes and engineering is estimated to be f hree Hu.ndred and
�eventeen ihousand, �ive �undred �ifteen Dollars 397 S7�) .
D. Th� City agre�s to alfow the Devefop�r to install, at his expense, at the
time all other san�tary sewer mains in this addition are installed, a service
li�e for each lot as shown on the attached Ex}�ib�t A�1 . The estimated
cost af these serviee lines is $ �. The City agr�es to �ecord the locatian of
each said service iir�e i� respect ta the corner of the lat served, ar�d to
retain said records �n its possession.
E. The construction cost of the sanitary seuuer facil�ties ta be insfialled
hereund�r, exclusive o�f service fines and engineering, is estima#ed tp b�
One �undred Foriy�[�rne ihousand, N�ne Hur�dr�d and Five Dollars
i$'i 49,90�1. ,
T-1
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C
�ROJ�Ci NAfl��: S�ii�E1V9�Ni VILLAG� ADp1ilON
F. Prior to a�lowance of the construction contracf by Developer, the Devefo�er
agrees to provide acceptab�e financiai guarantee to the city for 100 p�rcent
af the cor�struction of the construction costs along with payment of any
�rdinance costs and fees tl�at are applicabie. Prior to the award of ii�e
cor�struction contract by ihe City or the commencing of any worfc by the
City or its con�racfiors, the De�elaper agrees ta pay ta the City:
(1} (a) One Hundred percent {100%) of the Developer's cast of a�l water
and sanitary sewer facilities within ihe de�elapment, exclusrve a�
engineering and service costs, sized to provide water and sanitary sewer
service within the development.
(b)One hundred percent (10Q%) of the De�eloper's cosf of all
�pproach water and sa�itary ��w�r fac�Eitips outsicle the iimits ofi #he
development sized to pro�ide water and sanitary sewe� service to the
development. �
(c) One hundreci percent (1 DO%) of the De�eloper's cost o� any
approach water main facility or water facility within the deveiopment that is
8-inches in s�ze for non-industrial de�elopment and 12-inches in size for
industrial �evelopmer�t.
{d)�ne hundrecf percent �100%j of the De�elaper's cost of any
appfoach sanitary sewer main facility or sanitary sewer facilifiy within t�e
d�velopment t�at is 8-inc�tes in size.
(2) An addi�ional t�rt percent (10°i/o} of the tatal of #he Developers cast
of these water and sanitary sewer facilities, exclusive of cost of ser�ice
fines, is required for de�ign engineering if sucY� engineering is performed
by the City at the De��loper's request.
t3) 4ne hun�red perc�nt (100%) of the D�veloper's cost of all service
lines, estimated under 1-B and 1-D above, in accordance with the
pro�isions of the current Fort Worth City Cade.
{4) A cansiructior� Inspection Fee equal to two (2%} of the Developer's
act�al cost share of #he construction cost {incluc�ing a11 services} of the
water andlar sanitary sewer facilities.
G. The distributio� ofi estimated construction cost betwe�n the City and fhe
De�eioper, as per paragraph 'f -F above, far all water and sanifiary sewer
facil�ties to be canstructed h�reunder is estimated as foliows:
i-2
�'RQ,l�Gi C�AIV��: S�ii�E�tll�iV� VI�LA�f� A��iTiQN
(1) �ll�i4i�R ��#Cl�lifCS :
Estimated **
Develaper Estimate� Total
COSt CIfjI CDSt �05�
(a) Mains, Within
Development $ 186,6fl0 $ -0� $ � 86,6Q0
Approach $ 96,947 $33,9fi8 $ 130,915
(b) Easements* $ -0- $ -0- $ -0-
(c) Services
2 - singte 2") $ 900
(�)Park Participation $ -OW
Sub-Totals, Water $ 284,447
(�) �APd�iA4�Y S�1�fER �RCI�ITI�S:
{a) Development $ 149,905
A�proac� $ -D-
(b) Easements '� � -.�-
(c} Services ( 0 -4") $ �D-
(d)Pafk PartEcipation $ -0-
Sub-Tota{s, S�wer $ 149,9a5
�3) T'O�AL
Ct�N�iRLICTION CDSi: $ 434,352
(4) �(aN5`iRUCilO� .
I�VS���iION 1��� : $ 8,687
'�ta he dedicated by the c�eve�aper.
** se� Page I-4 �for Gity Cost
$ -0-
� -a-
$ 33,968
$ -0-
�; _p_
$ -D-
$ -0-
$. -a-
$ -0-
$ 33,968
$ 679
$ 900
� ,o-
$ 318,4��
$� 'i49,945
� -a-
� -a-
$ -0-
$ -0-
$ 149,905
$ 468,32Q
$ 9,366
I-3
** CITY PARTICIPATION BREAK-DOWN FOR:
PR�JECT NA11�1�: 5�����M�Ni VI��C� A�Dlil��l
O VER5IZED WA TER MAI N
(Developer pays up to 12" water iine; Ciiy pays #he diffe�enee between 16"1�2"
water line, gaf� valve ar�d fittings}
'[6"112" Water Lir�e ($40-2�) averagec� costs
'i ,739 L.. F. x $'I 4 = $ �4,3�6
16"19 2" Fittings ($2,9691Ton)
�.83 TN x $2,969 � $ �,��4
4" Blow Off Va1W� and Vault ($3,624)
1 Each x� 3,624� $ 3,6�4
1" Air Vacuum Reieas� Valve ($3,534)
1 Each x$ 3,534� � 3,53�
Subtotal $ 33,968
Yhe cos� difference is based on esfimate only. Actua! refund fio �eveloper
shall be based on �4lafie� and Sewer Cify �arkicipa�ion C�A llnifi Prices
aifached herewiih on page I-�.
i4TAL CIiY PAi��1Cl��il�1V FOR �VATf�R D�PA�2Y[9��Al�
a $ 33,968
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WATER
Pay ltem
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� 3
� 4
5
6
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8
9
10
11
12
SEWER
� Pay item
� ' 1
` 2
j 3
� 4
� �
� 6
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� 9
I 14
�dllater and Sewer City F arfiicipafion CFA Unit �r'ices
Unit Description
L.F 6" Water Pipe
LF 8" Water Pipe
LF � Q" Water Pip�
LF 12" Water Pipe
L� 1�" Water Pipe
EA 8" Gate Valve wlCast Iron box & Li�
EA 10" Gate Valve wlCast Iron box & E.id
EA 12" Gate Valve wlCast Iron box & Lid
EA 16" Gate Valve wlCast lron box & L.id
T�I . Cast IronlDuctile Iron Ftkir�gs
Instafi 1" Air & Vacuum Release Valve
�A wNault
lnstall 4" blow-Off w14" Gate Valve &
EA ,Sump Manho�e
Unit Description
LF fi" Sanitary 5ewer F'ipe
LF 8" Sanitary 5ewer Pipe
LF 10" 5anitary 5ewer Pipe
LF 92" Sanitary Sewer Pipe
LF 15" Sanitary Sewer Pipe
LF 18" Sanitary Sewer Pipe
LF 21" 5anitary Sewer Pipe
LF 24" Sanitary Sewer �'ip�
�A Standard 4' Diameter Manhole
EA Skartdard 5' Diamet�r Manhole
Unit Price fram Developer's
Projects
$ 15.OQ
$ . 17.Ofl
$ 24.00
� 2s.oa
$ 40.00
$ B76.Q0
$ 1,'182.OD
$ 'i,223.00
� �,5s�.aa
$ 2,989.OQ
$ 3,534,00
$ 3,62�.00
Unit Price fram Developsr's
projects
$ 24.00
$ 25.00
$ 26.D0
$ 27A0
$ 28.00
$ 38.00
$ 45.00
$ �s.aa
� �,293.aa
, $ 3,125.00
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�RQJ��i {�A�II�: �EiY�E{�i�1V� VI�Li4f�� �4�DiTI�IV
H. The above charges do not include any front foot charges �or cQnnection to
existing or propased wa��r andlor sanitary sewer mains constructed or to
be constructed under the prov�sions of the "APPROACH MAIN �PTIDN"
as described in Section Ill of the Palicy for the "INSTALLATION OF
COMMUNlTY FAClLITIES" adopted in September, 1992. Thes�
additior�af charges are as follows:
'f . Applieab�e #o this Contract in ihe amount of $ N/A.
by Contract No. N/A dated NIA
Applicable CFA Name NIA
Date: NlA Num�er NIA
When water faciEities are installed by cor�traet, ir�staflaiion of water
services will be included as park of the coniract. Ens�allation of ineter
boxes on those services may be done by th� City, after compiet�on of
construction of a�l refative curb an� gutter work on th� wat�r faciiities
projec# site, at a cosf of $70/$135 per cpntract-install�d charge to be due
and payable prior to issuance of a Work �rder on the water facilities
installation confiract. The above charges do rtot apply if t�te Developer
elects #o include meter box installatiot� as part of the contract. Howe�er,
meter boxes rnust conform City startdards, -
J. Wifi�in a reasonable time after completion of tFie above referenced
facilities #o be constructed by contract awarded by the Developer,
pro�ided al[ conditions for City �articipation have been met, the City
agrees to pay the � Developer t�e "Estimated Cify Cost" set out in 'i-G
aEaoue; provided, howev�r, that saici payment sha[1 be calculated using the
actual construction costs and actual service costs under the pro�isions of
the current �ort Worth City Code, {said paymen# to be calcula�ed as in 1-
� G abo�e), based on actual quantities as reflected �n #he final estimate paid
to #he Contractor �y the Developer and on the actual �ecords of cost �cept
by the City as a part ofi its customary procedures. In the event the
difference in �he deposit and #he actual costs exceeds $2a, Devel�per
agrees to pay to the City and under�ayment which said adjus#ment might
indicate as being due, and the City agrees tfl pay to Developer any
overpayment.
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PROJECT I�A�VI�: S�Yi��fVl�N� Vi���4G� �►��lilOA]
K. Work hereunder shakl be completed within two (2j years from da�e hereof,
and it is Understood that any obligation on the part of the City to make any
refunds wi�h respect to water andlor sanitary sewer facilities shail cease
upon the ex�iration of two (2) years from date h�r�of, except for refunds
due from "frant foot charges" on water and san�tary sewer mains, w�ich
r�funds may cantinue to be made for a period of ten (10) years
commenci�g on the date that approacl� mains are accepted by t�e
Director. If less than 70% of the eligila�e co�lections due to the developer
has been collecfed, the De�eloper may request in writing an extensian of
up to an add�tional 10 years fo�- collection of front charges. ln the e�ent
water andlor sanitary sewer facilities work is not comp[eted within �he (2}
year period, City may, at �ts election, complete such work at De�eloper's
expense.
L. It is further �greed and understood fihafi any additional payment required
ofi Developer is to cover oniy such additional work andlor materia[s as
may be ma�e necessary by conditions encounter�d dur�ng construction,
and s�all not include any �hange in scap� of the projec#.
RECOMMENDED:
� ��
� ��
Dale A. Fissele�, P.E.
Water Directo�-
����Q�
o�t�
I-7
co��untir�t �aci���i�s A�R�����r
fio in��atf
�TRE��', SiORi'� �R�IiV, �TR��� �IC�iT AiVd S�'F��Ei NAM� SIC�!
1�11�'��VEIV��i�iS FOR
S�iiL�M�i�T' VIL��G� A��ITION
A. The Developer(s) agree to install or to cause to have installed, the sfre�t, storm
drainage, street lighting, street name sign and other commtanity �aciliiies
improvements showr� as "curreni improvements" on the attached Exhibits B, B1,
AND G.
B. The Developer agrees to camply vwith afl city accepted practices, ordinances,
regulations, as weil as provisians of the City Charter, the City Subdivision
Ordi�ance, City Des�gn Stan�ards a�d the current Policy for 1ns�a{lation nf
Community Facilities in the design, contracting and insta{lation of required "current
improvements".
C. The Developer agrees to comply with the Generai Re�uirements contai�ed herein ,
(Attachment A).
D. As shown on the attached "Summary o� Cosfi", the De�eloper agrees to fund fi�is
share of "current impro�ements" and to pay the City for his sY�a�e of the cps# of
str�et, storm d�ainage, s#reet lighting, street name sigr�� as s�awn on the attached
Exhibits �, �1, and C.
E, Payment is due at the time this agreement is executed by the City and the
Developer.
F. The estimated total cost o� current impro�ements and related support services
specified in this agreement, including design, construction and inspection is
estimated to $893,9 ��.QO
1n accordance with the City's current Palicy for Installation of Gommunity Facilities
as shown in ihe Cast Summary or� page 3.
The Develaper sha!{ contribute []ollars $824,3�4�.00 of the total amaunt.
The City sha11 cantribUte Dollars $68,831.40.
G. De�elo�er agrees to provi�e, at his expense, all necessary rights af way and
easemer�ts required to construct current and future improvements provided for in this
agreement.
1
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H. Developer agrees to
the preliminary pians,
this cvntract.
reiie�e the City af any respon5ihilities for any inac{ec{uacies in
sp�cifications and cost estimates supplied for ihe purpose of
I. Developer also agrees ta instaif or acijust all of the required utiliti�s to serve the
development or t� construct the impravemer�ts required herein.
J. �eveloper agrees that na street construcfiion or storm drait�age will begin prior to
City Cou�cil approval of this Community Facifities agreemenf. (A�tiele 10�4.104,
Ordinance 7234).
K. D�velop�r agrees that no !ot shall be occupied unti! improvements required herein
hav� been constructed (Ar�icle 'f 04.1 QQ, 4rclin�rtce 723�).
L. Developer agrees to complete the impravements cavered by this agreement within
90 calendar days after having been instructed to do sa, in w�iting, �y the D�rector of
Trans�o�Eafin� and Pu�lic wo�ks. it Es undersfioad that the deveiaper will initiate the
consf�ucfion ofi a11 improvements to canform with F�is awn schedule, except far thase
improvements which the Transportation and Public Works Director deems nece�sary
for the proper and orderly devefapmer�f of fhe area, fn the even# Developer fai{s to
carry out any such ins#rucfians within the 90-day periad, the Develop�r gives the City
the right to design and award a contract, and inspect the impravements in question,
a�d agrees to pay to the Gity prior to ihe award of the contract, the amount af the
low bid.
M. City �ar�icipation in "current imprav�ments" shall not exceed 'f 2�% of cosi st�own tn
Summary af Cost.
2
�Uf�l�IG4�Y O� COSi
S�iiL,�1�9�iUi �/l��,4G�' A��l7`I�1V
Item
A. Construcfian
1. Streets
2. Storrn Drainage
3. Street Lights
4. Street fVame 5ig�s
B, Engineering Design
C. Construct9on Engineering
and Ma�agement by DOE (2%}
TO7ALS
$
$
$
$
$
$
l$
Developer Cify �ost
Cos�
507,044Aa $
293,i64.Q0 $
7,�aa.ao $
_ �
_ �
16,016.0(}
824,324.d0 $
7�oia1 �os�
46,131.Od $ 553,175.OQ
- $ 293,764.{}a
22,500A0 $ 30,000.00
200.40 $ 200.00
2,768.00 $ 2,768.00
('"i $ 16,078.04
_ 71,599.00 l $ �895,923.00
NOTLS:
1. Afl Pr�liminary Pkats filed after July 11, 2000 will require sidewaiks on all streets.
�orty-two (42) feet and w�der street include sidewalk cost.
2. Constructio� items (1-2) cost includes 10% contingencies for Developer and City.
3. �eveloper's calumn far Item C represents two percent (2%) costs for construction
inspection and materiaEs testing.
(*} Represents City participation for construation fees.
4. City not preparing plans and specifcatiohs.
CFA CODE: a0141
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E . S'X'REET LIGHTS :
1. STREET ZIGHT COST ESTIMATE
INTERSECTIC]NS
MID-BLOCK RESID�NTIAL
CHANG� OF DTRECTION RESIDENTIAL
M�D-BLOCK COLLECTOR
MID-S�OCK ARTERIAL �PARKWAY
MTT3-BLOCK ART�R�AL MEDIAN
R�LC7CATE EXISTING LIGHT
0 EA $ 1500
Sub�atal
City's Cost
Develope�'s 5ubtatal:
10o Contingencies
Project Total
Rdjacent Developex's Cost
Devel.aper's Cost
2o Inspection Fee
Developer's Responsibility See PG
TII-]., "Line 8"
S�TTLEMENT V�i�I�1GE ADAITIOI�I
June 11, 2401
Fort Worth, '�exas
Q[3ANTITY UNIT C�S^1
2 �A $ 2,000
0 EA � 2,000
0 EA $ 2, 000
13 EA $ 2,000
D EA $ 2,800
0 EA $ 2,ZQ4
I3T- 1
TQTAL COST
s�.000.ao
$o,000.ao
$O,OOD.00
$26,d00.00
$---0--
$--0--
$--0--
$30,QOQ.00
$22,5QQ.00
57�500.00
�o,00a.00
$�o.Qoo.oa
$ --p_�
$440.40
�oao.00
June 12, 2007.
� l �
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2
STREET LIGHTS WORK DESCRIPTION:
1. The Developer sha1J. provide for the installation o� streetlights at
the approximate locations shown in Exha.bit "C", immedia�ely after
final acceptanc� of the s�reet constructian, in accordance with
engineering plans and specifieations approved by the Transportation
and Fublic Works Department. �
2. S�reetligh�s on residential and /or coll.ector s�xeets can be
a.nstalled using overhead or underground conc3uctors with the approval
of the Director of Transpoxtation and Public Works.
3. St�eetlights on a�terial streets shall b� installed with underground
conduit and conduc�ors.
4. The Develop�r shall provide for the installation of a 2--inch
schedule 40 PVC canduit a�. a depth no� less than 30 inck�es and a�
leas� �8-inch behind the curb, "clear from all other u�ilities".
5. The Develaper shall pravide fo� the installation of a 2-inch
schedule 40 PV� condui.t between streetlights proposed for
installa�a�on and �he power source �o beeome op�rational.
6. A 3�inch schedule BQ PVC conduit �s requi�ed wh�n crossin,g stre��s
at a dEpth not less than 30 inches, unl.ess indicat�d otherwise on
the plans concrete pu11 boxes shal�. be pxavided at the �rossing
points.
7. The deve].aper sh�ll pay a four �ercent ( 4 6} �ee of the constr�tetion
cos� for construction engineering and inspection o� the s'�reet light
installation.
8. Street light conduit and footings sha11 be ins�alled hy the
developer's con�ractar as par� of and at the time pf stree�
construction The ci�y wi11 ohtain electri.a service and complete the
st�-ee� light cons�ruction. irs a�an�dance with approved plans.
9. The developer or their contxactor sha�.1 contact City's street �ight
division 48 hou�s prior to starting any install.a��on of condui�
and/ox stre��lights at (817) 871-81Q0 to insure proper inspection of
work.
10.�h� procedure for installing aonduit and faotings wi11 be wi�h the
inspector on the job site or you aan request a eopy by calling $17-
871-6596.
SETTLEMENT VILLAGE AIIDITiOI�, Jun� lI, 2'001
� , , � �
TII— 2
"S'!.'REE'Z' LIGHTS"
INTERSECTTONS
WHTTES�'1'TLEMENT RD & EXPEDITION DR—___ �
Tn'f�$'I' LOOP 820 &�XPEDITTON DR---- 1
MID—BL4CK
EXPED�TION DR---------- 13
SETTL�MENT VILLAGE ADDITION
E, STREET LIGHxS:
1.. STREET LIGI3T COST ES'TIMA�`E
INTERSECTIONS
MID-BLOCI� RESIDENTIAL
CHANG� OF DIRECTIQN RESTD�NTIAL
i�II D-BLOCK COLLEC'�OR
MID-BLOCI� ARTER�AL PARKWAY
MIQ�BLOCK 1�RTERIAL MEDZAN
R�LOCATE �XLSTING LIGHT
0 EA $ 1500
Subtotal
City'S Cost
Developer's Subta�al
10% Canta.ngencies
Project Total
Adjacent Developer's Cost
Develpper's CoSt
2s Inspec�.ion Fe�
Developer's ResponsibiZi.ty see PG
IIi-1 "LINE �'r
MARiNE CREEK HILLS, �HA5E IiI
June 17. , 2001
Fort Wor�h, Texas
QUAI�I'�ITY UNTm COST
4 EA $ 2,000
4 EA $ 2,000
4 EA $ 2,000
0 EA $ 2,000
0 EA $ 2,800
D EA $ 2,2Q0
III- 1.
TOTAL CO�T
$8,4�Q.OD
$8,000.00
$8,OQ0.00
� --0--
$ --0—
$ --0--
$ --0--
$24�0�0.00
sis,aoQ,ao
��,000.an
$oo,aao.00
,524 ,, �0{3. �Q
$ ---4--
�000.00
$0�0,00
June 1.2 , 2C101
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�
� f � ,
2. S�'REET LTGHTS WORK DESCRxPTION:
1 1
1, The D�veloper s�►ali provid� �or th� installation af stre��lights at
the app.�oxima�e locatians shown in Exhibit "C", iinmedia�ely after
final accep�ance of the stree� construc��.on, in accordance with
engineering plans and specificatians approved by the Transpo�ctation
and Public Works Department.
2. 5treetli.ghts on residential and /o� collec�or streets can be
installed usi.ng o�erhead or und�rground condtictors w�.�h the approval
o� the Di.xector of Transporta�ion and Public Works.
3. Streetlights on arte.�ia1 streets shall be installed with undergraund
condui� and conductors.
4. The Developer shall provide for �h.e insta�.lation of a 2-inch
schedu�e 40 PVC canduit at a dep�h not less than 3Q inches and at
least 18-inch behind the curb, "clear �xom all other u�i�ities".
5. The Develope� shall p�ovide for the ins�allation of a 2-znch
schedul.� 44 FVC conduit be�ween st�eetlights propo5ed �or
ins�allation and the pawer source to become op�rational.
6. A 3-a�nch schedule 80 PVC conduit is required when crossing streets
a� a depth not less than 30. inches, unless inclicated otherw�.se on
the plans concrete pull boxes shall be provided at the crossinc�
poin�s.
7. The developer shall pay a four percent (4%) fee of the construction
cost for construction engineerin� and inspec�iQn of �he street light
installation.
8. Stxeet light conduit and footings shall. be .a.nstalled by the
d�velopex's contractor as part of and at the time of street
constrtxetion. The city wi11 obtain eleatric service and complete the
street light construction i.n accardance with appro�red plans.
9. The developer or their cantractor shall contact Ci.ty's street light
division 48 hours prior to starting any installatian of conduit
and/or str�etlights at (817) 871-8100 to insure proper inspection of
work.
lO.The praceduze for installing conduit anci faotings will be wi�h the
,inspecto� on tha jab site or you can request a aopy by oal�ing B].7--871-6596
MARINE CREEI{ HILLS, PHASE III, JUN.� 11,2001
ITT�- 2
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��sm�E� LIGHTS"
INTERSECTIONS
N�W HARBOR LN & CAPE STREET----- 1
DOWNEAST DR & BOOTHBAY WAY--- 1
BOOTHBAY WAY & S�AL GOVE----�- 1
SEAL COVE & CAPE STRE�'x---- 1
MID-SY�OCK
DOWNEASm DR----- 2
N�W HARBOR LN--- l�
SEAL COV�-----�- 1
CSAN�E OF DYRECTIONS
DOWNEAST DR------�--- 2
BOO�HBAY WAY-�W----- 1
CAPE �TREET--------- 1
MARII3E CREEK HILLS, FHASE ZIT
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. S'SFtE�� NAME S�GNS -
l, The City will ins�all the stree� name signs i.zpon final appro�al
of the street construction. The street name signs will remain
the prope�ty o�, and will ]�e maintainc�d by, �he City.
2. The Ci�.y will pay �or �he street name s�gn ins�allations required
far this development to the extent af $100.00 per intersection.
This unit cost will be revised annually by the Depart�n�nt o�
Transportation and Public Works to reflect prevailing costs of
materials and labor.
3. Tha.s development creates �he �ol.lowino� two (2�) in�ersections at a
cos� �a �he City of $200.OQ:
Expedi�.ion Dra.ve and South �aop 820 West
Expedition Drive and White Settlement Road
SETTLEMENT VILLAGE ADDT'�ION
Fort Worth, Texas
�une 5, 200�.
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ATTACH1111EtVT A
GENERAL R�QUIR�M�NTS
A, It is agreed and understooci by the parties herato tF�at the developer sha�l
employ a ci�il engineer, licensed to practice in the State of Texas, for the
design and preparation of �lans and specifications for the constr�ction af a1f
c��rrer�t improvements cavared by this contract, subject to Paragraph �.
B. Fnr any project estimated to cnst I�ss than 510,000 or for any project
designed to se�ve a single 1ot or tract, the developer may. at his option request
the City to prov�de the c�esign engineeEing, and if such request is granted, the
develop�r shall pay ta th� City an amount equal to 10 percent of the final
construction cas� af suc'n project for such enginaering services.
C. Ir� the e�ent the developer empfoys h�s own enginee� to pre�are plans and
specificatians for any or a{I curTent improvements, the plans and specifications
so prepared sha11 be subject to approval by the department ha�ing jurisdiction.
One L� j reproc{ucibla set af plans with 15 prints and 35 specifications far each
facility shafl be furnished the departmer�t having jurisdictian. !� is agreed and
uncierstood that in the event of any �iisagreement on the plans and
s��cifications, the tiecision of tF�e TransportationlPublic Works Department
Director, ar�dlor Water Department Director will be final.
D.�� It is furth�r agreed ar�d understood by the parties hereta that upon acce�tance
by the City, title to all facilities and �mpro�ements me�tioned hereinabove shall
be vested at all tim�s i� t�� City afi Fort Worth, ar�d c�evelaper hereby
r�linq�is�es any right, title, or interest in and to said #acilities ar any part
hereof.
E, lt is further agreed that the decjsion of the Ci�y to nat cnllect funds for "future
improvements" required in previous CFA agreements does not cnnstitute an
obligation on the par� of the City to co�struct such "future imprnvements" at
its expense.
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F, Wark hereur�der sha11 loe c�mpleted within twa (2? years from date hereof, an
it is understaod that any ohligation on the part of the Gity to make any refunds
with respect to water andlor sanitary sewer facilities or streat, starm drain,
st�eet light ar�d street name sign shall cease upan the expiratian pf two (2}
y�ears from date hereof, except for refunds due from "front foot charges" an
water and sanitary sewer mains, which refurrds may co�tinue to be made far a
period af ten (10j years commencing an the date tha# approach rna+ns ar�
accepted by the Director. lf {ess than 70% ofi the eligible callections due to
the de�elaper has been collected, the Developer may request in writing an
extension of up tn an adciitianaf 10 years for collec#ion af #ront charges. If the
construction under the Community Facilities Contract shall have started with�n
the tuvo-year peri4d, the life ofi the Community Facilities Cantract shall be
extended for an adc#itional one-year period. Cammunity Facility Contracts not
completed within the time p�;riods stated abov� will require renewal af the
contract with all updated agreements 5eing in compliance with t�re policies in
effect at the time of such renewal. Developers must recagnize tha# �ity funds
may not be available to pay' a11 ar a�artian of the normal City share for
renewa! cantracts. lt must be understood by af{ parties to the Community
Facalities Contract that any of the faciliti�s or r�quirements inclucfed in the
cantract that are to be performed by the developer, but not performed by the
develop�� within the time periods stated aboue, may be cvmpleted by the City
at the deve{o�er"s expense. The �ity of Fort Warth shall not be obligated to
, make any refunds due to the �leveloper on any facilities canstructed under this
. agreement untif afl pra�isions c�f the agr�emeni are fulfilled,
G. P�RF�RMANC� l�ND PAYMENT GUARANTEES
1. Fflr Street. Storm Drain. Street �iaht and Stree� Name Sic�n
lmpra�ements to be C�nstructed bv #he Deve1oper ar Citv on Be�alf of
the Devefo�er:
Pertormance and Payment bc�nds or eash deposits acceptatale to the City
are required to be furnished by the cie�elop�r for the instalfation of
streets, storm drains, street fights, and street name signs, on a non-
assessment basis, and must t�e furriished ta the City prior to executi�n
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of this contract. The performance and payment bonds shall be in the
amount af one hundred percer�t (140%) af the developer"s estimated
sF�are af the cast of the streets, storm drains, street lights, and street
name sigrts. I# tha de�osit is i� the form ofi cash, the deposit sha11 t�e ir�
the amount of ane h�ndred twenty five percent (125°fo1 of the
de�e{Qper's estimated cast af the stre�ts, storm drains, street lights,
street name signs, and change arders {during the caurse of the praject}.
2. For Future Imr�rovement;
�erformancE and payment bonds or cash deposits, acceptable ta the
City are required to be #urnisheci by the developer for flne hundred
percent {100%} of t�e de�elaper's estirnat�d cost resulti�g fi�om the
,paving, drainage, lighting and name signage of border streets an an
assessrnent paving �asis. (Reference Section VI, ltem 3, De�elopment
Procetfures Manual.i Said performar�ce and �ayment bonds ar cash
deposits must be furnished to t�e City prior to execution of this
contract.
Where the City I�ts th� cantract, p�rformance and payment boncis sha11
b� de�osited, ir� the amount of one huncireci �ercent (100%) of tf�e
estimated cost o� canstruction as stated in the constructian contract, is
required prior to issuance of a work order by th�: City.
3. For Water anci San�tary Se�rurer Facilities:
Performance and payment bonds, or cash depasits, acceptable to the
City are required to be furnished by ti�e devefoper for th� instalfation flf
water and sanitary sewer facifities.
a. W�ere the develo�aer lets the constructiar� contract for water and
sanitary sewer facilities, performance and payment bonds shall be
cieposited, in the amaunt of one hundred percent (100%} of th�
estimated cost of construction, cash deposited shall be in the
amount ofi one hundred twenty-five percent (� 25%1, as stated in
tl�� construction contract, is required to �e furnisheci simuftaneous
with execution af the construction contract.
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b. Where the City lets the contract, performance and payment bonds
shaf! 6e depasited, in the amount of one hundred percent (�00%}
of the estimated cost of c�nstruction as stated in the canstructian
contract, is required p�ior to issuance ofi a work order by the City.
4. Tvpes of Guarantees:
a. Performance and Pavment 8onds: Are required for th�
car�str�etion of streets, storm drains, street lights, and street
name si�r�s, the followi�g terms and co�ditions shall apply:
(1) The bonds will be standard performance and payment bonds
pro�ided by a{icenseci surety cornpany on forms furnished
by that surety company. �
t2y The bonds will be subject to th� review and approval by the
City Attorney.
(3} The perfarmance bond shall be paya�le to the City and shall
guarantee performance of the street, storm drain, street
light, anc{ st�eet narne sign canstruction cantem�lated under
this cantract.
(4) The Payment Bond shall guarante� payment for all labor,
mafierials and equi�ment fur�ish�d in cannection with the
str�et, storm� drain, straet light, ar�d street r�ame sign
construction contemplated under this cantract.
{5j ln order for a surety company to be acceptable, the name o#
the surety shall be included on the current U.S. Treasury list
of acce�tabi� sureties, and the amaunt of bond writt�n by
any one acceptable company shall nat exceed the amount
shawn on the Treasury list for that com�any.
b. Cash Deposits; A cash deQosit sl�all b� acceptable with
�erification t�at an attempt to secure a bond has bee� denied,
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suct� depasit shali �e made in the Treasury of the City of Fart
1fVorth. The City of Forx Worth will not pay interest on any such
cash deposit.
f 1 i At such tim� that the cantract is bid for projects otiner than
assessm��t projects, rthe cash depasit sha11 be adjust�d to
ane hundred twenty five percent (125%} of tl�� actual 6id
price. No contract shall be awarded and no wark arder sha11
6e issued until such adjustment is made.
� (2) When a cash depasit is made, the additiona{ twenty-five
percent {25%) beyQnd the one hundrad percent t10�%} a�
the es#imated develop�r's share represents additional funds
f�r change orders during the caurse of the p�oject. This
twe�ty fi�e percent i25%} shail be cansidered t��
develo���r's change ard�r fund.
{3) If t�e developer makes a cash depas�t with the City, the
develaper may make timely withdrawals from the cash
funds in order to pay the contractor andlor subcontracto�
based c�n amount af constructian work eom�leted as
approved and verified by the City Engineer or authorized
representativ�. Far projects whose actua! tatal contract
cost is $400,000 or greater, such releas� of security shail
equaf the percentage of work completed for tt�at period
multipli�d by ninety-fi�e percenfi (95%1, ihis percentage
shall be applied to the actual c�rrent total contract cost ta
determine the amaunt that may be reduced upon req��st of
. developer. For projects whose actual total cantract cost is
less than 5400,Q40, such release of security shail equal the
percentage of wark completed for that period multiplied by
ninety p�rcent {90%). This perc�ntag�: shal! then be applied
to the actuak curr�nt total contract cost to determi�e the
amount of security that m�y be reduced upon request af
develaper. Tha remaining s�eurity, fiive percent (5°/a} far
�rojects of $400,000 or greater and ten percent (10%7 far
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prajects less than 5400,000 tagether with the remainin�
fur�ds firom the Deve�o,per's Change Order. Fun�, if any, will
be released to the developer after the project has besn
accepted by the City. Partiai release of #unds shall be limited
to once per month. There shall 6e no partial release of funds
for proje�ts af fess than 525,000. Proof that the develo�er
has �aid the corrtractor shall be requireci for partial releases.
5. Purc�ase, Term at�d Renewai of Guarantees:
a. Performanc� and paymant bonds, and cash deposits furnished
, hereunder shall be for the purQoses of guarante�ing satisfactary
cflmpliance by #h� davelo�er with all requirements, terms and
conditiar�s a� this agreement, including, bu# not {imited to, the
satisfactory camp{etion afi the impro�ements prescribed F��rain,
and the making of payments ta any persan, firm, carparation or
other entity with whom the develaper has a direct contractual
re{ationship for the performance of work hereund�r.
b. Develaper shali keep said performance ancl �aym�nt bands, a�dior
cash deposits in ful) force and efifect ur�til such time as d�veloper
has • fufly complied with the terms and conditians ofi this
agreement, and failure to keep same in #orce and effect shail
canstitute a defau{t and breach c�f this agreement.
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H. The City shall assume its share ofi the cost of the impravements covered by
th�s agreement along with the engineering fee only if fiunds are available �or
such participation. In the event that no func�s are available for City
participation, the de�elaper shal! award tt�e cantracf and deposit witF� the City
a performance and payment bonds ar cash for 100 percent of the estimate�
total construction cos# of the imp�ovements [plus ten percent S1 Q%) for
engineerin.g and miscel�aneous costs if the Gity pr�pares the plans].
l. On afl facil�ties inciuded in this agreement for which the develo�er awards its
awn construction contract, the develaper agrees to follow tF�e following
proc�dures;
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1, If the City pa�ticipates in the cast of the facilities, the construction
contract must be advertise�, bid ar�d awarded in accordance with State
statutes prescri�inc� the requirements fflr th� ietting of contracts for the
construction of public work. This includes aci�ertising in a lacal
newspaper at least twice in one or more newspaQers of general
circulation in the caunty or counties in which the work is to be
performet�. The second publication must be on or befare the tenth
t� Oth) ciay before the first date bids may be submitted, The bi�s must
be opened f�y an officer or employee of the City at or in an office of the
City,
2. To em}�loy a construction contractor, who is approved by the Director of
the Department having juris�ictio� over the facility to �� so cons�ructed,
said car�tractar to meet City's requirements for being insured, I�c�ns�d
ar�d bonded ta dv work i� public right of way.
3. To require the contractor to furnish to the City paym�nt, performance
and main#enance kaonds in the narnes of t�e City anci the developer far
ane hundred percen# (100%) of the contract price �f th� facility, said
bonds to be #urnished befare wark is commencE. Devefaper further
shal! require the contractor to p�ovide pub�ic lia�ility insurance in the
amounts r�quir�d fay the City's specifications cavaring that particular.
wo�rk.
4. To give 48 hours notice to the department having jurisd+ctian of i�te�t
to commence canstructian of the �acility sa thafi City i�spectian
personnel will be available; ant! to req+�ire th� contractor to allow the
construction to be subj�ct to ins�aEctior� at any and �II times by City
inspEction forces, and �ot to install any pavir�g, sanitary sewer, storm
drain, or water pipe unless a �Espar�sible City inspector is present and
givas hEs cansent ta proceed, a�d to make such laboratary tests af
materials being us�d as may be required by the City.
5. To secure apQroval by the Director of the Department having jurisciiction
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of any and a11 partial and final payments to the contractor. Said
a�provai shall be subject ta and in accardance with requirements of this
agreement, and is not to constitute apQroval of the quantitias of which
payment is based.
6. To delay connections af buildings to ser�ice fines of sewer and wa#er
mains constructed under this contract untii said sawer ar�d water mains
and service lines have been compieted ta the satisfiaction of the Water
Departm�nt.
7. It is expressVy understood by and between t}-re developer and the City of
Fort Worth, that in the event the develo�er elects to award o�e single
construction contract for storm drai�age and pavement, said can�ract
shall be separated i� the biddir�g anti� City participation, if any, shall be
lim�ted to the iowest possible combination ofi bids as if �ach of the
abo�e were awarded as separat� contracts.
J. Ar�ything to the contrary her�in notwit�standing, for and in cansideratian pf
�he promises and the ca�enants herein made by the City, the d�velo��r
cov�r�ants and agrees as follaws:
1. The de�eloper shal! make separat� electio�s wi�h rec�ard to �vater andlar
sanitary sewer facilities, storm drainage, stree� impro�ements and street
lights as to whetheT the work prescribed herein shall f�e performed
�� by the City, or by its eontractor, or by the developer, througl� its
contractor. Each separate �fection shall be mad� in writing and
delivered ta Ci#y na later than six (6) months prior to the expiraiion of
this agreernent. In the �ver�t any of such separat� Elections has not
been macie and delivered tfl City by sucfi� date, rt shall be conclusi�ely
presumed that the develop�r has electad tF�at such work be per#flrmed
by the City in accorc�ance with all of the terms of this agreement, and in
particular Paragraph V-F hereof.
2. Irrespective af any such election and whether the work is to be
performed by the City, or by its contractor or by t�e developer thraugh
its contractor, the developer cover�ants and agrees to del�ver ta the City
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a perfarmance and payment guarantee in accordance with the provisions
of Paragraph V-F of this agre�ment.
�. ln additior� to the guarant�e required in tF�e precec�ing paragraph, in the
evant develo�aer e�ects that the work be performed by the City, or by the
Gity's ca�rtractor, or s�c� �lection is presumed as prouided above, the
de�eVoper covenants ar�d agrees to pay to the City tl�e developer's share
of the estimated construction costs. The amount of such estimated
payment shall be compute�i as set out on the Summary of Cost hereof,
based u�on �Che lowest respansive bid far sueh wark, as det�rmined �ay
City, or upon a cost es#imated ta be perfarmed by City forces prepared
by the City, as apprapriate, and shall be subject to adjustment to actuaf
costs upan final campletion of the subject work. Such estimated
paymant shall ba made promptly �pan demand by City, it being
understood that such payment w�ll be made after the receipt af 6ids for�
work, but in every cas� priar ta t�e award of any constructior� cor�tract,
unl�ss otherwise specifically set ou# herein.
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sui�cc�ntractors, agents ar employees, whet�er or not
A-9
�evelo�er further cavenants and agrees to, and by these presertts does
hereby fully indemnify, hald harmless and defiend the City, its bfif10EC5,
agents and em}�loyees from a�d agair�st any and all claims, suits or
causes of actian of any nature whatsoever, whether reaE or
asserted, brought for or on accaunt af any injuries or c�amages to
persons or praperty, includin� death, resulting from, or in any way
connected with, this agreement, or the constructio�n of the
improvements ar facilities t{escribed herein, wh�ther or not caused, in
wh�le c�r in part, 6v ttte nealiaence of a'fficers, aaents, or em�lavees, of
the Citv. In addition, the develaper covenants to indernnify, hold
harmless and defend the City, its officers, agents and employees from
anci agai�st all claims, suits, or causes . or action af any nature
whatsoever bro�ght for, or on account of any injuries ar ciamages t�a
pe�sons or property, inc{uciing death, resultir�g �rom any failure to
properly safeguard the wa�k or an account of any act, intentional or
otherwis�, n$glect ar mis�onduct of the developer, its contractors,
caused, in whole or in Qart, bv the neqliqar�ce of offi9cers, aqen#s, or
em�lovees of t�e Citv.
5, Develaper cavenants ar�d agrees that it discriminates agair►st no
individuai involving emplayment as prohil�ited by the terms of Ordinance
No. 72�8 (as arnended by Ordinance No. 74003, an or�inarrce prohibiting
discrimination in em�layment practice t�ecause of race, cr�ed, color,
religion, national origin (except for �Ilegal alier�s?� sex a� age, unless sex or
age is a banafide occupational quafi#ication, st�bcantractor or
�mploymant age�cy, eith�r furnjshing or referring applieants to such
developer, nor any agent of devefoper is discriminating against any
individual irr�olr�ing em�loyment as prohibit�d by the terms a# such
�rdinance RJo. 727$ (�s amended by Ordinance No. 7400y.
K. Venue of any action brought hereunder shall be in Fart Worth, Tarrant County,
Texas.
L. Tt�e City's Policy far the Instalfation of Commun�ty Facilities, as adapted by �th�
City Cauncil an September 1992, is her�by incorparated herein by reference,
ar�d Developer cavenants and agrees tcr ctimply with sa�d �olicy �s a cor�dition
of this contract and as a condition to th� platting of the subjecC property.
M. The following dasc�iptions of worlc apply, as a¢propriate, ta ti�a a�eas included
in the Cammunity Facilities Agreement:
1. STREETS
Streets as shown in Exhibit B wil{ be in accordar�ce with plans and
specifications pre�ared by ihe 4wner's engineer and approv�d by the
D�r�ctor of Engin�ering.
2. STORM DRA{NAGE
Storm drain as shown in ExhEbit B— 1 will be in accordance with plans and
specifiications pr�pared by tF�e �wner's �ngi�eer and app�-oved by the
Director of EngEneering,
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3. STREET LIGHTING
a. . The Developer shalf pravide far the installatfon of streetlighis by the City
fo�ces at the approximate locations shown in Exhibit C, immediately
after final acceptance of the stre�t construction, in accordance with
engineering �lans and specifications approved t�y the Trans�ortatian an�
Public Works Department.
�. Stre�tiights on r�sidential and I or collector streets can be installed using
overhead or underground conductors with the a�proval of the streetiight
Engi�neer.
c. 5treetlights on arteria! streets shall� be jnstalled with untlerground co�duit
and conductors.
d. The Devefaper shall pravide for the installation af a�'/a inch seh�dule 40
PVC conduit at the depth not less than 30 ir�ches and at least �8 inch
befi�ind the curb, "clear from all other utilities".
e. The Developer shall provide fa� fhe installation of a 1'/4 inct� schedule �40
PVC canduit between streetlights propased for instaliation and tF�e power
source to become operational.
f. A 3 ineh schedule 80 PVC eonduit is required when crossing streets at
depti� nat less than 34 inches, unless indicated otherwise on the plans.
Concrete p�ll boxes shali be pravided at the crossing pa�nts.
g. Luminaire baflast sha11 b� rated far multitap operat�o� and each luminaire
shail have it's own photoceil.
• �4. TRAFFIC� CONTR(�L DEVICES
a. The Develop�r agrees to pay for the street name sign installations �equired
by this deveiapment #o the extent of $80.0� per inspection. This unit cost
will be revised annually by the Deparkmer�t of Transportation and Public
Works to reflec� prevailing cos#s of materiais and labor.
b. This development creat�s the following number intersectians at a total cost
as shown ta the D�velaper.
c. The Develo}�er may either deposit cash funds with th� City eqUal to the
folbwing amaunt at the tirr�e o� Community F�cilit9es Ag�eeme�t approval
or wait unti{ the street name signs are to lae instalied. lf the Developer
el�cts to waat, �he cast o� street name s9gns wil! be at the r�te
prevailing wl�en the D�vefaper depasits funds with tf�� City.
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d. The City wilf instail the street narne signs upon final approval af tne street
construction. The street name signs wili remain t�e property of, and wifl be
maintai�ed by, the City.
5. OTHER WORKS
lr� the event that other works is required it wi{1 be included as specific
requirements ta Cnmmunity Facilities Agreement.
N. DEveioper and City agree that this Agreement represents the camplete and
exc{usive statement of th� mutual understa�dings of the parti�s and that this
Agreemer�fi supersedes and cancels and previous written and orai agre�ments
and cammunications related to the subject matter of this Agreement.
iN TESTIMONY WHEREOF, the City of �ort Worth has caus�d t�ris instrument to be
executed ir� quac�rupficate in its narne ancf on its t�ehalf by its City Manager,
attested by its City 5ecretary, with the corporate se�l ofi the City affixed, and said
Developer has executed this instrument in quadrupficate, at Fort 1fVorth, Texas this
the _ day af � : ��_,�' ., � , 20 � _
APPROVED AS TO FORM AND
LEGALiTY:
Gary J. 5te�nberger
Assistant Ci#y Attorney
R�CQMMEND�D:
. /�,� ,�,� �;�
� �
� ugo Malan , Directar
Transportian and Public
Works Department
ATTEST:
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� �P � � '?�,..t .� ..
Gloria Pea�on'
City Secretary
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Con�z�act Authariz�i�ion
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By:
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Assistant City Manager
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D�V��OPERS:
WEST 1 LDOP 820 PARTNERS,
a Texas partnership
By: Orinda Capital Partners, L.P
a Texas limit�d �artnership,
its Managing Partner
By: Ori�da Manager, Inc.
A Texas c ation,
t(�s�n ra�l Pa�rt �� i
J�m�J. Melir�o, Vice Presjdenf
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c;ll"Y S�CRETARY� �
CONTRACT N� . a
�SCR��VIPLEDG� AGREEM�NT
THTS ESCR�W/PLEDGE AGREEMENT (the "Agreement"), entered into as of � li.fl�, �, 2Q01, by
and amnng West/Loop 820 Partners ("Developer"), the City of Fort Warth, Texas, a municipal corporation
of Tarrant County, Texas ("Fort tiVorth") and The Frosi Naiional Bank (herein referred to as "Escro�v Agent"
or "Lender"} is to wiiness the following:
V[�IEREA�, Devefpper and Fort Worth have entered inta a Community Facilities Agreemen� far
Settlement Village, an addition to the City af �ort Worth, Texas, (the "CFA"); and
W�IEI2EAS, the CFA pro�ides that Developer shall sul�mit to Fort Worth performance and payment
bonds, cash deposits ar other security acceptable to Fort Worth {callectively, the "Intended Security") for the
purpose of guaranteeing satisfactory compliance by Deueloper svith all requiremenis, terms, and canditions
of the C�A {collectiv�ly, the "Sect�red Obligations"); and
WHEREAS,:veveloper and Fort Worth desire and a�ree tiaat Developer�e allowed to escrow andpledge
cash d�posits to �art Worth, to be held by Escrow Agent, in lieu of and in complete satisfactian o£ the
obligation to submit the In�ended Security #o secur� the perfarmance of the Secured Obligations;
WHEREAS, the sourc� of the fimds for the escrow deposit is De�elapez's cash resources and a loan from
Escrow Agent,.as l�nder, ta Developer, as borro�t+er, in the amoLtnt of approximately $S6$,770 (the "Loan"}.
NOW THEREFORE, for and �n consideration of the premrses, ten dallars {$10A0) and other g�od and
va2uable cansideration, the receipt, suf�ciency and adequacy of tivhich are hereby acknowledged and
confessed, the parties hereto agree as follows:
SECTION 1. DEFINED TERMS,
For the purposes of this A��-eemenk, t►nless tl�e contexk otherwise clearly reqt�ires, the follo�ving terms shall
have the fol�os,ving meanings:
"Tnitial Security �unds" shall m�an the cash deposifi of $1,7$5,447.46, which sum represents 125
percent o£the estimated Developer`s share of the cost of canstr�Ecting water, sanitary sewer, storm
drain and paving impt�ovements identified in the CFA. The Developer's share afthe total cost Qf such
improvements shall hereinafter be c�lled the "Estimated Developer's Cost".
"Lien" shall mean any lien, security interest, charge, tax 1ier�, pledge or encurrzbrance designed to
secure the repayment of indebtedness ot• the satisfactian of any other obligation to a ihird party not
a party ta this Agreement.
"Payment and Performance Bond" shall mean a bond issued by a carporate surety or ins��rance
company acceptable to Fort Worth in an amaunt equal to cost of improvements not yet campleted
by De�eloper.
SECTION 2. PLEDGE,
As security far the fiilI and puneival performance of the Secured Obligations, Developer herebypledges,
assigns, and tra�sfers to Fort Worth, and 3�ereby grants to �'ort �r�iorth a security inferes� in, the Tnitial Secui-ity
F�mds and all rights and privileges pertaFning thereto with the exceptian of the interest income to be derived
therefrom, which interest incQme shall remain the property of Developer and shall be disEributed by Escrow
Agent in aceordance with Devetoper's periodic instruetions. (The Tnitial SecurityFunds and any subskitution
by Developer �vith a Paym�nt and Perfarmance Bond �s permitted hereunder, are collectively re%rred to
hereafter as the "PIedged Collateral"}; TO HAVE AND TO HOLD the Pledged Collateral, tagether with all
�
rights, titles, interests, privileges, and preferences appertaining to ar incidental thereto, unto Fart Worti�
subject, however, to the terms, covenants, and cnnditions hereinafter set farth. The security iriterest granted
and the assignments made her�under are made as security anly and shall not sub,�ect k'art Worth ta, or transfer
or in any way affect ar modify, any obligation of Developer with respect to any of the Pledged ColIateral ar
any transaction invaiving or giving rise thereto. As between Lender and Develop�r only, without any impact
whatsoever on For� Worth or its superior lien rights hereunder, this Agreement shall in no way affect or
modify any obligation of Developer to Lender with respect to any of the Pledged Collateral under the terms
of the Loan or any iransaction involving ar giving rise thereta. In that regard, as between Lender and
Developer an1y, the Develaper will fully perform and cnmply with all af the terms, covenanfs and car►ditions
of the Loan and all requirements oi Lender related thereio, including, ��vithout lirriitation, any draw
rec}uirements set forth th�rein.
SEGTION 3. PHYSICAL POSSESSION ��' PLEDGED CQLLATERAL.,
Concurrently �vith the execution of this Agreerr�ent, Develaper shall have delivered to and deposited ��ith
Escrory Agent the InifiaS Security Funds re�resenting or evidencing the Pledged Collateral. The parties
acknowledge and agree that Escrow Agent shall be required to segregate the Pledged Collateral from other
funds held by Escrow Agent for Developer in accordance with the normal practices of Escrovv Agent as an
Escrow Agent. Escraw Agent shall return ail funds on deposit representing or evidencing the Pledged
Collateral remaining in its possession to Develaper or Lender {or take such other action as Lender may
request or dir�ct) irnmediately after receipt of rvritten nntice from Fort Worth thai the Secured Obligations
have been fitily performed. During such time as Escro�v Agent has possession of the Pledged CollaCeral,
Escrow Agent shall furnish to Fort Worth (when requested by Fort WQrth) written acknowledgments sig,med
by an officer of Escro�v Agent detailing the amount oithe Pledged Collateral.
SECTIDN 4. COVENANTS. ,
(a} Affirmative Covenants. So lang as any of the Secured Obligations remain unperformed,
Developer covenants and agrees that Deve3aper will:
(i) from time to time execute and deliver to Fort Worth all sueh assignments, certificates,
supplemental writings, and at�er items and do aii other acts or things as Fort Worth may
reasonably request in order to evidence and perfect the security in�erest Qf Fort Worth in the
Pled�ed Coliateral;
(ii) furnish Forfi Workh with inforrriation �vhich Fart Worth may reasozaably request
concerning the Pledged Collateral;
(iii} notify Fort Worth of any claim, action, or praceeding affecting titie to the Pledged
ColIateral or Fort Worth's security interest therein; and
(iv) adjus# the Pledged Collateral to an amotint enual to the actt�al contract price, including
revisions thereto.
(b) Negative Covenanks. So l�ng as any ofthe Secured Obligations remain t�nperformed, Developer
cnvenants and agrees that De�eloper �vill not:
(i) assign or #ransfer any rights af Developer in the Pled�ed Co�laterai; ar
,� .,
(ii) create any Lien in the Pledgeci CQllateral, or any part therea�, or perrnit the same to be
or become subject ta any Lien except khe security interest herein created 'zn favor af Fort
Worth and in favor of Lender.
SECTION S. EVENTS OF DEFAULT.,
Developer shall be in defauit under this Ag�-eement oniy upon the happening of any oi the fallo��ing
events (a "Default"):
(a) d�fault in the timely payment or performance of the Secured Obligations after written notice
thereaf has been given to Developer and Escrow Agent and such default is not cured within, seven
(7) days after suc� notice; nr
(b) any affirn�ative or negative covenant is breached by De�eloper.
SECTION G. RIGHTS AND REMEDIES OF FORT W ORTH UPON AND AFTER DEFAULT.,
(a) Reniedy. Upon the occurrence of a Default by Developer hereunder, Fart �Vorkh shall pro�vide
Lender with a reasonable npportunity ta compiete the improvements required by the CFA, ifLender
chaoses to do so, and to u#iljze the Pledged Collateral to do so as conte�mplated by, and in accordance
with, the pravisions o£ �ection 9 belot�v. Upon tl�e failure of Lender to complete the improvements
requirad �y the CFA as aforesaid, Fart �Vorth shall have the right to direck Escrow Agent to transfer
ta Fart Worth Che balance of the Pledged Coilateral. Escrfl��+ Agent is h�reby authorized and directed
to transfer the PSedged Collateral to Fort Worth �r+ithout the consent ofDeveloper immediaEely upon
the receigt of a written statement (upon �vhich Escrow Agent rnay totally relyj purporting to be
executed by an authorized representative of Fnrt �orth stating thak:
(i) a Default by De�elaper has occurred under the C�'A executed in connection tivith this
EscrativlPledge Agreement;
(ii} written notice of s�ich Defat�lt has been given by �ort Worth to Developer and Escrow
Agent and such Defa�ilt was not c�►red �vithin seven (7) days after such notice; and
{iii) Fort Worth is en#itled to have the baiance of the Pledged Collateral transferred to Fort
Wor�h in accordance tivith this Agreement for campletion of Dev�lop�r's obligation
hereunder.
In the foregoing xegard, Fort Worth will cat�se the imprdvements required by the CFA to be
corrtgleted tivikhin a reasonable period af time after the transfer to it of the Pledged Collateral, failing
which the Lender may cause the improvements required by the CFA to be completed utilizing khe
Pledged Collaterai to do so and, in fiirtherance thereof, Fort Worth will release the Pledged Collaterai
ta Lender in accordance generaliy �vith the provisi ons of Seetion 9 below. Notr�ithstanding anything
contained herein io the contrary, to #he exkent any Pl�dged Collateral rernains unused after the
completian of the impravements required by the CFA (whether same are compleied by De�eloper,
Lender or Fort Worth) or upon Ft. Worth's failure to complete the improvements as provided above,
all such rernaining Pledged Collateral shall be promptly paid over to Lender,
Sent BY: i , , 214E9106B2; .lun-7-01.. 2:i9Pi��l; Page 2!2
z
(b) Notiees. A.ny notice required or permittcd to be'giv� lo any party }»rCtu st�w1l be given i�1
tivriting, �huil �e personafly deliveretl ur mailed by �re�iaid cc;rtified nr t�c�*i51�,7ec� mail to such party
at i��C �xdc�ress �et foxtl� below, a�nd sh�ill he effectivc r+�hen actuaIly rcc:eived,
4
Tv DevelopeT; �;
��
�rVest![,vUp SZO P�rtnc.�rs ��
Atin: James ;f. MClino G�
$Z35 DcsuglA� Avenue, Suitc 550, Lt3-fi5
Ua]1as, Tax�s 75225 ':`�
`l'a Escrnw A�;ent: ;�
'17ie Frost Na4ionul Bank
Attn: T.yle M�yea�ix
420U Sauth l lulen ��
I'.(l. Dox 16509 }:
Fort Virnrtl�, '!'ex�s 76l b2-�SU1
;�
'!'a t.ity of rort Worth: ;�
E�
�:
City of C'ort WQ�th 3.�. �
Dev�topm�.Ynt 1'rojent Co�rdi�tator ;;
Departiz�ent OfTt•a�sgortaiiun �nd �'dhlic Wo1'ks
! 000 Throckmorton Street '�
Forl W�rth, "1"ex�s 75102 ��
�.
wi,th a copy to; ��
F
N
U���lo�ment Caordinacur :�
Fort �,Vor�h tiVAt�r llepartmezrt
10(?4 Thrc�ckmvrton �"
�n��t Wnrth, T�x�ts '7Ci162
;
Any party may clk�nge its a�dr��� furnulicc by givi,ng s�l ot��er part�es l�ereta notice of such ch�n�c
in the ir�ar�i�er se# fot'Ch in this� Secti�n nn 3ater than i0�days befo�� thc: uflective date nt such t�ew
address. .
SFC"�TON 7. �xc.�LusN� �rc;x'TS ANU I�,1�Di�5.
`s:
�•
;: -
If't�ie DCVGIupc� fails to perform its obligations under the C:�A, Fort VUorth's so]e and exclusivc r�m�ciy
5hall be ta cornplete the obli�alians of Developer at Deve�ope�'s exp�sC. In !'urthez�nce nf such sole and
exclusive remedy, Fort W�rth is entitted to exercis� �t� xi�ghts u� set forth in S�ction fi hereof.
;:
S�CTIU�v' A, STTBSTITUTION OF COLLA'I`�RAT,. ;:
;:
,•
?��tw�ih�lan�3ing any cnntrary prouision in this Agreeni�nt, �]evelnp�er shail have ihc right {wilhout the
�t�nn4�ent of � ort Warfh�, at any time and fram tin�e t�, ti me, #o ob�ain rc��a5�s uf all ar any part of the Ptedged
Col3ateral {hereinaftzr eal2ed the "Relettsed Co�lateral"} �s�ri aRticf�ction of the following aonc3itions:
f.
��
(a) �avelnper shall provide Fnrt Wnrlh sa�d kscrowl�ge�it written notia� (thc "Suhs�i tntitm Nqtiec"}
lhat Dcvclo�er desu•es te� n�riai�, RrlCascd C'ollnteral(as specified and described in such nolicc) in
exchange £or � conternf�oraneous Substilutian afa�'aymi�nt �.ndPerf.orrnanCe $ond (�a slsu �-�eci�ied �
:�.nd described in the SuUslilulion Nutice}; ai�d �:
4
(b} Deveioper shall pledge to, or obtain for the b�nefit of, Fort Worth, and deliver to Fort Worth a
Paytnent and I'erformance Band from a surety acceptable to �ort Worth (the "Substituted Collaterai")
which Substituted Collateral shall in the aggregate be at least equal to the Estimated De�elopex's
Cost; and
(c) Said Paym�nt and Per%rtnance Bonds shall be accQmpaniedby a written eomrnitment from the
surety that such Perfarrnance and Payment Bonds shall caver all work which has occurred priar to
the substitution nf CoIlakeral provided for in this Section.
Upon satisfactian of the above-speci£�ied conditions, Escrow Agent shall be authorized (rvithottt the consent
of Fort �rVorth} ta reh.trn to Lender or, if authorized under the tet-tn.s af the Loan, to De�eloper the balance of
the original inkended Security Funds in Escrow Agent`s possession that represent ar evidence the Reieased
Collateral. Developer shall pay all expenses incurred by Escrow Agent in cannection wvith abtaining each
such release and s�tbstitt�tion.
SECTION 9. P�RIODIC WITHDRAWAL �F COLLATER.AL..
Notwithstan�iing any contrary provision in this Agreement, Developer shail ha�e the right to periodic
withdra4vals of the Pledged C�llateral (hereinafter called ihe "Withdra�m Coliateral"), upon satisfaction of
the follor�vin� conditions:
(a) Developer shall provide Fort Warth and Escrow Agent �vith written notice (the "Withdrawal
Notice") that Developer desires to obtain the Withdrawn Collateral; and
(b) all administrative requirements ar prerequisites to the funding of any dra�v under #he Loan shall
have been #'uliy perfor;ned; and
(c) the balance of the Pledged Callateral after wsthdrawal af khe Withdra�vn Collateral is at least
ec�ual to the estimated va�ue of the Secured Obligations then retnaining to be performed (such
remaining value is hereinafter called the "Estirr�ated Cost to Coz�nplete").
Neither Escrow Agent nor Lender shal! be rec�uired to iiind any amount of defi�it of the Estimated Cosk ta
Complete.
The Withdrawal Notice shall include a description of the Withdrawn Collateral and Deveioper's calculation
of th� Estimated Cost to Complete. Upon receipt of the Withdrawal Notice, �orC Worth shati have seven (7)
calendar days to notify Developer of Fort Worth's objection to De�eloper's calculation o f the Estirnated Cost
to Complete by providing Developer with Fort Warth's calculation Qf the Estimated Cost to Complete. The
grounds for any objection are limited solely to a gaod faith detertn.ination by Fort Worth that the balance of
the Pledged Collateral is insufficient fo cover the Estimated Cost to Complete. If Fart Worth faiis to timely
nokiiy Developer and Escrow Agent of any objection, th.en Developer's calculation shall be deemed to have
been accepted and approved by Fart Worth and �scrow A�en.t is authoi-ized to release the Withdrawn
Collateral requestedby Developer witho��t deSay. In th� event a written objection is timely filedby Fort Worth
and Fort Worth's calculation is �vithin a range of �ve percent {5%) of Developer's Estimated Cost to
Gamplete, then Developer shall be allowed to withdraw the amnunt corresponding to Fort Wvrth's calculation
af the Estimated Cost to Compieke. Z��ort Worth's calculation af the Estimated Cost to Complete is outside
a range of iive percent {S%) of Developer's Estimated Cost to Complete, then Fort �Vorth and Developer,
m
through a designated representative, will recancile the calculations and jointly approve an �stimated Cost to
Complete and advise Escrav�r Agent to disburse the amount originally submitted by Developer, �ess any
amounts necessary ta ensure that �he bafance of the Pledged Cal��teral equals the Estimated Cost to Complete
as }ointly determined by Fort Worth and Devel�per and less any amount of retainage (initially ten percent
of the funding of each drawj, as and ta the extent required by the Loan.
If after the expiration of t�uvo {2) years �rom the date of this Agreement �ither
(i) none of the Secur�d DUligations have been per�'orrned; or
(ii) the tercn of the C�A l�as not been extended 6y Fort Worth,
then in either event, Fc�rt Worth shall be entitled to recei�e the Pledged Collateral as speci£�ied in Seetion 6
and construct the improvements contemplated in th� CFA.
SECTION 10. NQN-ASSIGNABTL,ITY OF FORT WORTH'S RIGHTS.
The rights, �o�vers, and interest heid by Fort Worth hereunder in and to the Pledged Collateral may not
be trans%rre� or assigned by Fort Worth in whale or in part. Any attempted transfer or assignment shall be
absalutely vaid and shall entitle Developer to a release of all Pledged Collaieral.
SECTION 11. NO WAIVER.
No 4vaiver by Fart Worth of any Defau]t shall be deemed ta be a waiv�r of any other subsequent Default.
Na delay or omission by Fort Worth in exercising any right or po�ver hereunder shall impair any such right
or pn�r+er or be construed as a waiver ihereo% nor shall any single or partial exercise of any such right ar
power preclude other or fiirther exercise #hereof.
S�CTION 12. BINDING EFFECT,
This Agreement shall be binding on the parties, their successors and assigns, No provision of this �
Agreement rnay be amended, waived, or modified except pursuant to a writ�en instrurtient executed by Fort
WortE�, Escrovu� Agent and DevelQper.
SECTiON 13. CHOICE OF T�AW.
This Agreement is to be conskrued and interpreted in accordance witk� the laws nf the 5tate of Texas.
SECTIQN 14. COUNTERPARTS.
This Agreennent may be executed in any number o£muttiple coun�erparts and by different parties on separate
counterparts, all of which when taken together shall constitute one and the same agreement.
SECTION i5. ESCROW AGENT 1NDENINITY AND RELEASE.
Developer hereby agrees to release, hold harinless, and indemnify Escrow Agent (and its director5,
officers, employees, agents and representati�es) from and against al! elaims, damages, expenses, costs, suits
and other liability of any kind v�hatsaever that arise out o�' or are direc�ly or indirectly related to the
perforrr�ance by Escrow Agent of its duties hereunder except for the gross negligence or ��illfiil misconduct
af Escraw Agent or iis directors, of�cers, emplayees, agents or representatives.
�
r i
i� .+
THIS ESCR4WIPLEDGE AGREEMENT has been executed by the parties hereto as of the day and
year �rst above �ritten.
�ESTILOOP 820 PARTNERS,
a Texas pai�tn�rship �
By: Orinda Capitai Partners, L.P.,
a Texas lir►�ited partrzership,
its Managing �artn�r
By: Ori��da Managers, Inc.,
CITY OF FORT W TH, E S
By:
r
Title: Assistant City Manager
Date:
THE FROST NATIONAL BANK
By: �u��- �
�
Title: 5eniar Vice President
Date: June 6, 20p 1
APPROVED: �
� �.�.i �
CITY OF FORT WORTH�Y CITY ATTORNEY
�
By: � _�,;�•j � l �_
Date; � �,�" � i
jjm�doc5Q20�YEscso+v Pledge AgreainenFLoop Rayd
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�'��y o� f'�or� �or�t��� T'e�c�rs
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su�.���T ��N1iv�U{�ITI� F��ILaTtE� A��2E����T 1+VITH 1NES'�JL��P 8�� PAf�Tf���� ��1�
�`I�� l�i�TAL�A�aUN �� �Q��llUN1�Y ��l�k�.IT��� ��I� �E�`TLEI�iEi�T VkLLA��
1�C}D]TI�N, L�T� 1 Ai�D �, BL.O�C� 9
C����IE� �t�il �►1 �T=� iC�I��
It is r��om��nc�ed Eh�# t�e �it� �oun�il a�tl�ori�� ��h� �iiy N1an���r to ��cec+��
�1�reerr��nl �+ill� V��stl�oop 8�b Pa�tner� for ih� ins�alla�ior� of com�x�u�ity
Vk�€�g� Adcli��or�� Loi�s 1 an� 2, BI��Ec �.
D]SCUSSIOfV;
e a ���finunit� �aciiktle�
fac€�rt�e� fiot ��Et�emer�t
INesE�Loop ��� Parl�r�er�, Ihe devel��er o� �elllerr��r�t �fklla�� Addi�i�n, h�s ex��uted a p�c�po�ed
cor�tract fc�� com�r�unity f��ilities to ��rv� ��omm�r�i�i d�v�lapm�nt toc�i�d i�t sou[1�w�st Fort W�r�l�,
west of L�op 8��. s�ukh of �li�ford R�ad ���e a#l�cl��d map}.
Tl�e propo�ec� �ommunity FacEl�ti�s Agra�rr��nt is in �or��plian�e wl��h �it� p�lic�, �x�editi�n Driv�, a�
i���rior s#rsef, �� GO f�c�t wirle. �`k�e cle�relo��r wEil p�� far �ri� �o�struc#ror� of a4 f��t af pavemen# far
Exp�d�ti��� �riv�, a�d fot� sidewalk ���ng b�lh side�s. The develop�r's �har� far stree� irnpr�vemenl� Gs
��E}7'.��4, pl�s �`>�I{7,1��1 for c�,�stfucti�n G��pecfi�n f�es. �i�� �w��r wl�f share �n th� cost af co�r�tructing
� P��t oi pav�n�e�l on �xpe�ition D�ive, The �ity's �har� v�rill ba ��6,��'l, �lus �c�nstr�c�ion i����ectiar�
��re�, and ��.7�� f�r �nganearing Fe��.
The dev�aope�'� ��tima�ed �ost ��r storm drains is ����,7��, �I�s ��,87� for con�#ru��iarr in�p�ction
f��s. �'h��e Js n� �l�y partEc�paEion f�r s�orm c��ains,
�'lfk�e� slr��t li�hts wlll be insk�lf�� ak a r;ost of $7.5�Q to t�� �ev���p�r, an�l �r�2.�00 for k1�e �ity.
T��s� Jn�lud� tho ��t�rs��ti�r�� �f Wl�ite �ettl�mer�t R�a�i an�l �xpec�Et�or� Dr�v�, and 1Nest Ln�� 8��
�nci �xp�ditian Dri�r�. Th�r#e�r� stre�# ligh#s �+�ll b� inst��l�d �lo�+g �xp�t#ition Drlve,
�h�ra will b� tw� inters��iions wY�e�� slr��t �ig�s w�ll be inst�ll�d �t a r,�st ko fhe �i�y o� �r�0(}, These
include the irr#ers�ctior�s o� White Se#tlerr��nl R�ad ar�ti ��p��l�lo� Drive, a�d VVest �.o�p ��� ar�c�
�xp�dit��n Drive,
Tl�e d�vel�per's �ast for w�ter ar�d wast�wate� �acikilaes w�ll �e ��3�,���, p1u� �8,��7 For cor�sl�ru��aor�
ins���lion fee�, i�er� will ba �€�y p�rtic�p�tic�n ta �v�rs�z� #I�� w�te� kir��� at a�os� of ���,�f�, pl��
cor�str��#l�n ��spe�ti�€� f��s. ihe total water anc� �u�st�w�ter �osk v�lll I�e �4�8,���, plu� �9,36� for
c�r�structkon inspe�ti�n fees.
To#al �r�jact �os� Fofi t�fs d�velo�rrtenk i� �9.3��,6��. The d���lop�r"s pa�-tic�pation �s �1,2fi�,3�3, Th�
t��al ���i�nal�d ��ty �articipalior� is �1��,���.
�n ,lu1y �fi. 2�01, �he Plan �omrr�i�sEon approved k�te �re�in�ina�y �lat ��P0�1{7�8}. T��e flr�aE pj�t h�s
�c�en submltked k� �ity� st�f� far review.
Cr'ty � f ��'or� N�v����# �'�acas
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a��r- R�i-�f�if h��'T,.- h1�.1�1LLF# �_n� r,�r�F ��.c�F '
1��9JQ1 ��'� 87$� � ��V�l��T 1 � of �
-�us���r I{:���UiV�fiY FA�I�i�fE� ��RE�N1E�lT �NIT� V�f���'{L�DP 8�0 P�IR�N�f�S �'�I�
TH� 1��1`l�LL�171�h1 �� ����+if�1�l�IT1' F�A�ILITIE� F4R �E7T1_��r1Eh1i �fiL.����
�DD�TIQiV, l.�T� 1 Ahlp �, BI���K '�
T�i� deveiopm��� l� lo�ated ir� ��UEV�IL DI�TF�a�T 7.
FI��A� I�lF�R��TI�Nf�E�TIF'I��T4�f�:
The Fina��e ��ra���r cerki�i�s tha� �unds are ava�lable i�n Ihe c��r�n� �apEt�l budget�, a� ��propfiat��, of
� i�k�� �tra�i� Irnproven��r�ts Fun� and th� VVat�r �a}�ital Pr�jects �und.
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