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HomeMy WebLinkAboutContract 43152N Cmr SECRETARY yt31 S� CONTRACT NO. COMPLETION AGREEMENT This Completion Agreement ("Agreement) is made and entered into by and among the City of Fort Worth ("City"), and _M & C Development, Ltd._, a Texas Limited Liability Company ("Developer"), andOmni American Bank ("Lender"), effective as of February 24, 2012—. The City, the Developer and the Lender are hereinafter collectively called the "Parties". WITNESSETH: WHEREAS, the Developer owns that certain tract of real property that contains approximately 23.909 acres that is located in the City, the legal description of which tract of real property is marked Exhibit "A" — Legal Description, attached hereto and incorporated herein for all purposes (which tract of real property is hereinafter called the "Property"); and WHEREAS, the Developer intends to develop the Property as an addition to the City through plat FP-010-017 or FS ; and WHEREAS, the Developer and the City have entered into a Community Facilities Agreement relating to the development of Marine Creek Ranch, Section 8 (hereinafter called the "CFA"); and WHEREAS, the City has required certain assurances of the availability of funds to complete the streets, street signs and lights, and the water and sewer utilities for the development of the Property (herein collectively called the "Community Facilities"), and WHEREAS, in order to provide such assurances as have been required by the City, the Lender has agreed to advance certain funds to the City for Hard Costs (which term is hereinafter defined) subject to, and in accordance with, the terms, provisions and conditions of this Agreement; and WHEREAS, the Developer has granted to the Lender as additional security for the Loan (which term is hereinafter defined) a security interest in all plans and specifications for the development of the Property (hereinafter collectively called the "Plans"); and WHEREAS, the Parties desire to set forth the terms and conditions of such accommodations as are described above. OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX NOW THEREFORE, for and in consideration of the benefits to be derived from the mutual observance by the parties of the terms and conditions hereof, and for and in consideration of Ten Dollars ($10.00) and other good and valuable consideration, the receipt, adequacy and sufficiency of which are hereby acknowledged, the Parties agree as follows: 1. Recitals. The foregoing recitals are true, correct and complete and constitute the basis for this Agreement and they are incorporated into this Agreement for all purposes. 2. The Completion Amount. The City and the Developer agree that the Hard Costs required to complete the Community Facilities in the aggregate should not exceed the sum of Six Hundred Seventy Two Thousand Two Hundred Eighty Four and 20/100s_ Dollars ($672,284.20_), hereinafter called the "Completion Amount". Notwithstanding the foregoing, it is acknowledged that the actual costs of completion of the Community Facilities may vary as a result of change orders agreed to by the Parties, but such variances for the purposes of this Agreement shall not affect the Completion Amount as used herein. 3. Adiustments to the Completion Amount. The Lender may from time to time make advances to the Developer for the development of the Property under the development loan that has been made by the Lender to the Developer for the purpose of financing the costs of constructing the Community Facilities for the Property (the "Loan") subject to, and in accordance with, the terms, conditions and provisions of the Loan Documents (which term is hereinafter defined) evidencing and securing the Loan. Some of those advances shall be for Hard Costs as specified in the "Approved Budget" relating to the Loan, a copy of which Approved Budget is marked Exhibit "B", attached hereto and incorporated herein for all purposes, with the Hard Costs (which term is hereinafter defined) line items highlighted. The term "Hard Costs" shall mean the actual costs of construction and installation of the Community Facilities. To the extent that advances under the Loan are for the payment of Hard Costs, the Completion Amount shall be COMPLETION AGREEMENT January 2007 Page 2 of 12 deemed reduced, dollar for dollar. The Lender may withhold statutory retainage from any advances under the Loan or pursuant to this Agreement. All such retainage withheld, to the extent it is attributable to Hard Costs, shall also reduce the Completion Amount dollar for dollar. All retainage withheld by the Lender for Hard Costs that are advanced to the City pursuant to this Agreement shall be released to the City as provided in the Texas Property Code upon expiration of the statutory retainage period. 4. Completion by the Developer. The Developer agrees to complete the Community Facilities on or before the date for completion that is established in the Loan Documents plus thirty (30) days (hereinafter called the "Completion Date"), in accordance with the CFA, the Plans that are approved by the Lender and the City and all documents evidencing or securing the Loan (which documents are hereinafter collectively called the "Loan Documents"). For the purposes of this Agreement, the development of the Property shall be deemed complete upon acceptance by the City of the Community Facilities. The City shall promptly notify the Lender and the Developer upon such acceptance. 5. Completion by the Citv. In the event that either: (A) the development of the Property is not completed by the Completion Date for any reason whatsoever, or (B) the Developer is in default under the Loan, then the Lender, at its sole option, may request the City to complete development. The City may, at its sole option and at the cost and expense of the Developer, within 10 days from receipt of Lender's request, notify Lender that it will undertake to complete the Community Facilities and the City shall then commence, pursue, and complete the Community Facilities in a reasonably timely, diligent and workmanlike manner in accordance with the Plans, subject to the terms of this Agreement. The Lender and the Developer agree that the City may use the Plans as necessary to complete the Community Facilities. If the City does not timely elect to complete the construction of the Community Facilities, then the Lender may at its election terminate this COMPLETION AGREEMENT January 2007 Page 3 of 12 Agreement, or at its option, proceed to complete the Community Facilities, or foreclose on any of its collateral, or take any and all such action as may be provided under the Loan Documents. 6. Advance of Completion Costs to the Citv and Delivery of Hard Costs Collateral to the City. In the event the Lender has requested the City and the City has elected to complete the Community Facilities, Lender shall transfer to the City all remaining undisbursed Hard Costs specified in the Approved Budget within 10 days of the date that the City elected to complete and provided Lender with written notice of such election. The Developer hereby authorizes and instructs the Lender to make the transfer of any remaining undisbursed Hard Costs specified in the Approved Budget to the City within 10 days of notification that the City elects to complete the Community Facilities. In the event the cost to complete the Community Facilities exceeds the moneys transferred to the City, City shall notify Lender and Developer in writing of the need of additional funds. The additional funds required to complete the Community Facilities shall be delivered to the City within 10 business days following notification to Lender and Developer. Failure to deliver the additional funds shall relieve the City of the obligation to complete the Community Facilities, in which event City shall use the Hard Costs funds in its possession to pay the contractor(s) all funds due it/them. Any remaining undisbursed Hard Costs shall be returned to Lender within a reasonable time. 7. Completion by the Lender. The Lender may, at its discretion, but shall not be obligated to, undertake to complete the Community Facilities if there is any default under any Loan Documents in lieu of requesting the City to complete the Community Facilities. If the Lender elects to complete the Community Facilities, any Hard Costs it expends shall, dollar for dollar, reduce the Completion Amount. 8. Easements. In the event the City or the Lender undertakes the completion of the Community Facilities, the Developer (and to the extent COMPLETION AGREEMENT January 2007 Page 4 of 12 necessary the Lender) grants to the City and the Lender open access to the Property and shall execute and deliver such temporary easements over and across the entirety of the Property for the purpose of access and use for the completion of the construction of the Community Facilities in accordance with this Agreement. To the extent requested by the City and the Lender, written temporary construction easements in form acceptable to the City and the Lender shall be executed by the Developer and filed of record. Nothing in this paragraph shall reduce any rights of the Lender or obligations of the Developer under the Loan Documents. 9. Lender's Rights. Nothing in this Agreement shall affect any portion of the Lender's collateral for the Loan or limit or impair the Lender's right to foreclose the same or deal with the collateral as it elects in accordance with the Loan Documents. 10. Satisfaction of the City Requirements. The City agrees that the assurances and covenants contained in this Agreement satisfy all requirements of the City with respect to payment and performance bonds or other requirements for security in connection with the development of the Property and the completion of the Community Facilities that are contained in the CFA or in any other agreement relating thereto, and the City hereby accepts the assurances and covenants contained herein in lieu thereof. To the extent the CFA irreconcilably conflicts with this Agreement, the provisions of this Agreement shall control. It. Termination. This Agreement shall terminate upon the earlier to occur of the following: (a) acceptance by the City of the Community Facilities; (b) mutual written agreement of all of the Parties; or (c) the reduction of the Completion Amount to zero. However, release of the plat shall be governed by paragraph 12 hereof and termination pursuant to (b) or (c) of this paragraph 11 shall not require the City to release the plat. 12. Final Plat. The Parties acknowledge and agree that the City shall hold the final plat of the Property until the Community Facilities are completed and accepted by the City and all Hard Costs contractors have been COMPLETION AGREEMENT January 2007 Page 5 of 12 paid, less retainage. Upon acceptance by the City and receipt of evidence from the Developer showing that all Hard Costs contractors have been paid, including but not necessarily limited to lien waivers and bills paid affidavits, the City shall within a reasonable time file the final plat for the Property in the Plat Records of the county where the Property is located. The purpose of the City retaining the final plat of the Property as provided herein is to guarantee the Developer's obligations under the CFA are completed. 13. Construction Contracts. Developer agrees to include in each Construction contract that it enters into for the completion of the Community Facilities the following: a. A statement that the City is not holding any security to guarantee any payment for work performed on the Community Facilities; b. A statement that the Property is private property and that same may be subject to mechanic's and materialman's liens; c. A requirement that each contractor contracting with the Developer release the City from any claim that is related to the Property; and d. A requirement that each contractor contracting with the Developer include in each subcontract the statements contained in a., b., and c. above. 14. Miscellaneous. A. Non -Assignment of Agreement. This Agreement may not be assigned by any of the Parties without the prior written consent of all the other Parties. B. Notice. Any notice required or permitted to be delivered under this Agreement shall be deemed received on actual receipt by the appropriate party at the following addresses: (i) Notice to the City shall be addressed and delivered as follows: City of Fort Worth Planning and Development Department 1000 Throckmorton Street Fort Worth, Texas 76102 COMPLETION AGREEMENT January 2007 Page 6 of 12 and/or Attention: CFA Division David Schroeder, Development Manager Email: David.Schroeder@fortworthgov.org Confirmation Number: 817-392-2239 Attention: CFA Division Jana Knight, Administrative Assistant Email: Jana. Knight@fortworthgov.org Confirmation Number: 817-392-2025 With a copy thereof addressed and delivered as follows: Douglas W. Black Office of the City Attorney City of Fort Worth 1000 Throckmorton Street Fort Worth, Texas 76102 Confirmation Number: 817-392-7607 (ii) Notice to the Developer shall be addressed and delivered as follows: M & C Development, LTD.. Attn: Randv Lockhart 3825 Camp Bowie Blvd. Fort Worth, Texas 76107 (iii) Notice to the Lender shall be addressed and delivered as follows: Omni American Bank, Attn: Mark Cundiff 1320 S. University, Suite 900 Fort Worth, Texas 76107 Email: Mark.Cundiff@omniamerican.com COMPLETION AGREEMENT January 2007 Page 7 of 12 A party may change its address for notice upon prior written notice to the other parties pursuant to the terms hereof. C. Texas Law to AUp1V. This Agreement shall be construed under and in accordance with the laws of the State of Texas. D. Parties Bound. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective legal representatives, successors and assigns. E. Legal Construction. In case any one or more of the provisions contained in this Agreement shall for any reason is held to be invalid, illegal, or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision of this Agreement, and this Agreement shall be construed as if such invalid, illegal, or unenforceable provision had never been contained in this Agreement. F. Prior Agreements Superseded. This Agreement constitutes the sole and only agreement of the Parties with respect to the subject matter hereof and supersedes any prior understandings or written or oral agreements among the Parties concerning the subject matter hereof; provided, however, that this Agreement shall not supersede, amend or modify any of the Loan Documents or any portion thereof. G. Amendment. This Agreement may only be amended by a written instrument executed by all of the Parties to his Agreement. H. Headings. The headings that are used in this Agreement are used for reference and convenience purposes only and do not constitute substantive matters to be considered in construing the terms and provisions of this Agreement. (REMAINDER OF PAGE INTENTIONALLY LEFT BLANK) COMPLETION AGREEMENT January 2007 Page 8 of 12 Executed by the Parties in five counterparts, each of which shall be deemed to be an origin i By: Fernando Costa Assistant City Manager DEVELOPER By: Name: i Title: tive as of the date first stated above. Qv� Y� rePROVED AS TO FORM AND EGALITY Douglas lack Assistant City Attorney LENDER By: - I - Name: ka X U) Title: S111- diY1llr/ri'ilcli�,�� _Haydn Cutler, the "Guarantor" of the Development Loan, is executing this Completion Agreement for the sole purpose of acknowledging that advances that are made by the Lender pursuant to this Completion Agreement shall be deemed to be advances that are made under the Loan that shall be subject to and covered by the Loan Documents and the Guaranty Agreement that was executed by Haydn Cutler. f OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX COMPLETION AGREEMENT January 2007 Page 9 of 12 DEVELOPER mil It ( I� v-e-t o p m-eev+, By: ZIL Name: A,, Wo emu" /fez Title: Cen)e�z.4-1 /",r����-�- NO IM&C REQUIRED LIST OF EXHIBITS TO THE COMPLETION AGREEMENT EXHIBIT A - LEGAL DESCRIPTION EXHIBIT B - APPROVED BUDGET COMPLETION AGREEMENT January 2007 Page 10 of 12 EXHIBIT A LEGAL DESCRIPTION BEING a parcel of land located in the City of Fort Worth, Tarrant County, Texas, a part of the Joseph Bowman Survey, Abstract Number 79, and being a part of the Alexander Albright Survey, Abstract Number 1849, and being a part of that 964.473 acre tract of land described in deed to Hayco Realty, Ltd. as recorded in Volume 14192, Page 644, Tarrant County Deed Records, and being further described as follows: BEGINNING at a one-half inch iron rod found at the southwest comer of Lot 12, Block X, Marine Creek Ranch, Section 5 & 6, an addition of the City of Fort Worth as recorded in Cabinet A, Slide 12800, Tarrant County Map Records and said point being in the easterly line of Lot 45X, Block X of said Marine Creek Ranch; THENCE with the south line of said Marine Creek Ranch as follows: North 66 degrees 03 minutes 41 seconds East, 170.00 feet to a one-half inch iron rod found for corner; South 23 degrees 56 minutes 19 seconds East, 83.47 feet to a one-half inch iron rod found for corner; North 66 degrees 03 minutes 41 seconds East, 180.11 feet to a one-half inch iron rod found for corner; Northeasterly, 174.23 feet along a curve to the right having a central angle of 24 degrees 38 minutes 53 seconds, a radius of 405.00 feet, a tangent of 88.48 feet, and whose chord bears North 78 degrees 23 minutes 08 seconds East, 172.89 feet to a one-half inch iron rod found for corner; South 89 degrees 17 minutes 26 seconds East, 369.77 feet to a one-half inch iron rod found for corner; North 09 degrees 48 minutes 33 seconds West, 26.40 feet to a one-half inch iron rod found for corner; North 80 degrees 11 minutes 27 seconds East, 50.00 feet to a one-half inch iron rod found for corner; Northwesterly, 42.54 feet along a curve to the right having a central angle of 02 degrees 04 minutes 28 seconds, a radius of 1175.00 feet, a tangent of 21.27 feet, and whose chord bears North 08 degrees 46 minutes 19 seconds West, 42.54 feet to a one-half inch iron rod found for corner; North 82 degrees 15 minutes 55 seconds East, 120.00 feet to a one-half inch iron rod found for comer; Northwesterly, 217.80 feet along a curve to the right having a central angle of 11 degrees 49 minutes 42 seconds, a radius of 1055.00 feet, a tangent of 109.29 feet, and whose chord bears North 01 degrees 49 minutes 14 seconds West, 217.41 feet to a one-half inch iron rod found for corner; North 04 degrees 05 minutes 37 seconds East, 272.58 feet to a one-half inch iron rod found for corner; Northeasterly, 60.20 feet along a curve to the left having a central angle of 04 degrees 20 minutes 20 seconds, a radius of 795.00 feet, a tangent of 30.12 feet, and whose chord bears North 82 degrees 51 minute 56 seconds East, 60.19 feet to a one-half inch iron rod found for the southeast comer of said Marine Creek Ranch; THENCE Southeasterly, 153.99 feet along a curve to the right having a central angle of 19 degrees 23 minutes 30 seconds, a radius of 455.00 feet, a tangent of 77.74 feet, and whose chord bears South 10 degrees 15 minutes 58 seconds East, 153.26 feet to a one-half inch iron rod set for corner; EXHIBIT A THENCE South 00 degrees 34 minutes 13 seconds East, 312.44 feet to a one- half inch iron rod set for corner; THENCE Southeasterly, 194.42 feet along a curve to the left having a central angle of 14 degrees 57 minutes 09 seconds, a radius of 745.00 feet, a tangent of 97.77 feet, and whose chord bears South 08 degrees 02 minutes 48 seconds East, 193.87 feet to a one-half inch iron rod set for corner; THENCE Southeasterly, 124.28 feet along a curve to the right having a central angle of 15 degrees 39 minutes 01 seconds, a radius of 455.00 feet, a tangent of 62.53 feet, and whose chord bears South 07 degrees 41 minutes 52 seconds East, 123.90 feet to a one-half inch iron rod set for corner; THENCE South 00 degrees 07 minutes 38 seconds West, 291.72 feet to a one- half inch iron rod set in the north line of the Well Site MC-E Revised Location, as described in a Surface Lease and Easement Agreement recorded in County Clerk's Document Number D207418844, Tarrant County Deed Records; THENCE North 89 degrees 52 minutes 22 seconds West, 70.25 feet to a one- half inch iron rod found for the northwest corner of said Well Site MC-E Revised Location; THENCE South 00 degrees 07 minutes 38 seconds West, 325.00 feet to a one- half inch iron rod set for the southwest corner of said Well Site MC-E Revised Location and said point being in the north line of that tract of land described in deed to Texas Electric Service Company as recorded in Volume 2200, Page 309, Tarrant County Deed Records; THENCE North 89 degrees 52 minutes 22 seconds West, 1559.34 feet along the north line of said Texas Electric Service Company tract of land to a one-half inch iron rod found for corner; THENCE North 55 degrees 12 minutes 55 seconds East, 184.62 feet to a one- half inch iron rod found for corner; THENCE North 33 degrees 32 minutes 11 seconds East, 161.56 feet to a one- half inch iron rod found for the southwest corner of said Lot 45X, Block X; THENCE North 60 degrees 25 minutes 58 seconds East, 376.71 feet to a one- half inch iron rod found for the southeast corner of said Lot 45X, Block X; EXHIBIT B UNIT 1: WATER THE UNIT PRICE IS REQUIRED TO BE IN BOTH NUMERIC AND WRITTEN FORM. Bid Item Approx. Unit Bid Item Unit Total Number Quantity Measurement Description Price Amount 8" diameter C-900 DR-14 CL200 1 2,737 LF PVC pipe, including trench, $ 22.00 $60,214.00 embedment, backfill, and compaction, complete in place Twentv-Two Dollars & Zero Cents Per Unit Measurement 2 9 EA 8" gate valve, complete in place $ 900.00 $ 8,100.00 Nine Hundred Dollars & Zero Cents Per Unit Measurement 3 4 EA 6" gate valve, complete in place $ 750.00 $ 3,000.00 Seven Hundred Fiftv Dollars & Zero Cents Per Unit Measurement 4 4 EA Fire hydrant assembly, including $3,200.00 $12,800.00 riser pipe, complete in place Three Thousand Two Hundred Dollars & Zero Cents Per Unit Measurement 5 1.00 TON Cast iron fittings, complete in place $3,500.00 $ 3,500.00 Three Thousand Five Hundred Dollars & Zero Cents Per Unit Measurement Remove plug and connect to 6 2 EA existing 8" water main, complete in $ 500.00 $ 1,000.00 place Five Hundred Dollars & Zero Cents Per Unit Measurement 7 57 EA 1" Type K copper domestic service, $ 400.00 $22,800.00 complete in place Four Hundred Dollars & Zero Cents Per Unit Measurement 8 1 EA 2" Type K copper irrigation service, $1,200.00 $ 1,200.00 complete in place One Thousand Two Hundred Dollars & Zero Cents Per Unit Measurement 9 30 LF Concrete stabilized backfill, $ 20.00 $ 600.00 complete in place Twentv Dollars & Zero Cents Per Unit Measurement EXHIBIT B Bid Item Approx. Unit Bid Item Unit Total Number Quantity Measurement Description Price Amount Excavation safety and support 10 2,737 LF system including excavation safety $ 0.10 $ 273.70 plans for trenches over 5 feet in depth, complete in place Zero DoIIars & Ten Cents Per Unit Measurement Pressure testing and chlorination as 11 2,737 LF required by City of Fort Worth, $ 1.00 $ 2.737.00 complete in place One Dollars & Zero Cents Per Unit Measurement TOTAL AMOUNT FOR WATER $ 116,224.70 1 D/a. U 111 2111 UNIT 2: SANITARY SEWER THE UNIT PRICE IS REQUIRED TO BE IN BOTH NUMERIC AND WRITTEN FORM. Bid Item Approx. Unit Bid Item Unit Total Number Quantity Measurement Description Price Amount 8" diameter SDR-35 PVC pipe, 1 808 LF including trench, embedment„ $ 26.00 $21,008.00 backfill, and compaction, complete in place Twentv-Six Dollars & Zero Cents Per Unit Measurement 2 7 EA 4' diameter manhole, complete in $ 2,800.00 $19,600.00 place Two Thousand Eight Hundred Dollars & Zero Cents Per Unit Measurement 3 1 EA Connect to existing manhole with $2,000.00 $ 2,000.00 external drop, complete in place Two Thousand Dollars & Zero Cents Per Unit Measurement 4 2 EA Connect to existing manhole, $2,500.00 $ 5,000.00 complete in place Two Thousand Five Hundred Dollars & Zero Cents Per Unit Measurement 5 1 LS Remove, dispose, & plug existing $ 3,000.00 $ 3,000.00 pipe stub, complete in place Three Thousand Dollars & Zero Cents Per Unit Measurement 6 10 EA Adjust existing manhole rim, $ 500.00 $ 5,000.00 complete in place Five Hundred Dollars & Zero Cents Per Unit Measurement 7 4 EA Internal corrosion control treatment $ 1.500.00 $ 6,000.00 in manhole, complete in place One Thousand Five Hundred Dollars & Zero Cents Per Unit Measurement 8 12 EA 4" SDR-26 sanitary sewer service, $ 400.00 $ 4,800.00 complete in place Four Hundred Dollars & Zero Cents Per Unit Measurement 9 9 EA 4" SDR-35 sanitary sewer service, $ 350.00 $ 3,150.00 complete in place Three Hundred Fiftv Dollars & Zero Cents Per Unit Measurement EXHIBIT B Bid Item Approx. Unit Bid Item Unit Total Number Quantity Measurement Description Price Amount 4" SDR-26 sanitary sewer service 10 4 EA connected to existing 8" sanitary $ 500.00 $ 2,000.00 sewer, complete in place Five Hundred Dollars & Zero Cents Per Unit Measurement 4" SDR-35 sanitary sewer service 11 2 EA connected to existing 8" sanitary $ 400.00 $ 800.00 sewer, complete in place Four Hundred Dollars & Zero Cents Per Unit Measurement Extend existing 4" SDR 26 sanitary sewer service as directed per plans, 12 13 EA (number of affected services & $ 250.00 $ 3,250.00 length may vary based on actual conditions in field), complete in place Two Hundred Fiftv Dollars & Zero Cents Per Unit Measurement Extend existing 4" SDR 35 sanitary sewer service as directed per plans, 13 11 EA (number of affected services & $ 200.00 $ 2,200.00 length may vary based on actual conditions in field), complete in place Two Hundred Dollars & Zero Cents Per Unit Measurement Remove and plug existing 4" 14 6 EA sanitary sewer service as directed $ 300.00 $ 1,800.00 per plans, complete in place Three Hundred Dollars & Zero Cents Per Unit Measurement Excavation safety and support 15 808 LF system including excavation safety $ 1.00 $ 808.00 plans for trenches over 5 feet in depth, complete in place One Dollars & Zero Cents Per Unit Measurement Testing to include CCTV and 16 808 LF vacuum as required by City of Fort $ 2.00 $ 1,616.00 Worth, complete in place Two Dollars & Zero Cents Per Unit Measurement TOTAL AMOUNT FOR SANITARY SEWER $ 82,032.00 EXHIBIT B UNIT 3: DRAINAGE THE UNIT PRICE IS REQUIRED TO BE IN BOTH NUMERIC AND WRITTEN FORM. Bid Item Approx. Unit Bid Item Unit Total Number Quantity Measurement Description Price Amount 36" diameter RCP including trench, 1 202 LF embedment, backfill, and $ 75.00 $15,150.00 compaction, complete in place Seventy -Five Dollars & Zero Cents Per Unit Measurement 30" diameter RCP including trench, 2 431 LF embedment, backfill, and $ 65.00 $28,015.00 compaction, complete in place Sixty -Five Dollars & Zero Cents Per Unit Measurement 27" diameter RCP including trench, 3 55 LF embedment, backfill, and $ 55.00 $ 3,025.00 compaction, complete in place Fifty -Five Dollars & Zero Cents Per Unit Measurement 24" diameter RCP including trench, 4 167 LF embedment, backfill, and $ 48.00 $ 8.016.00 compaction, complete in place Fortv-Eight Dollars & Zero Cents Per Unit Measurement 21" diameter RCP including trench, 5 128 LF embedment, backfill, and $ 45.00 $ 5,760.00 compaction, complete in place Fortv-Five Dollars & Zero Cents Per Unit Measurement 6 5 EA 10' curb inlet, complete in place $ 2,200.00 $11,000.00 Two Thousand Two Hundred Dollars & Zero Cents Per Unit Measurement 7 1 EA 4' x 4' manhole, complete in place $ 3,200.00 $ 3,200.00 Three Thousand Two Hundred Dollars & Zero Cents Per Unit Measurement 8 3 EA SD-015 headwall at RCP, complete $ 3,500.00 $10,500.00 in place Three Thousand Five Hundred Dollars & Zero Cents Per Unit Measurement 9 1 EA SD-017 headwall at RCP, complete $ 3,200.00 $ 3,200.00 in place Three Thousand Two Hundred Dollars & _ Zero Cents Per Unit Measurement EXHIBIT B Bid Item Approx. Unit Bid Item Unit Total Number Quantity Measurement Description Price Amount 10 2 EA Connect to existing RCP, complete $ 500.00 $ 1,000.00 in place Five Hundred Dollars & Zero Cents Per Unit Measurement 11 2 EA Remove & dispose existing $ 800.00 $ 1,600.00 headwall, complete in place Eight Hundred Dollars & Zero Cents Per Unit Measurement 12 5 EA Inlet erosion protection (2 stages), $ 150.00 $ 750.00 complete in place One Hundred Fiftv Dollars & Zero Cents Per Unit Measurement 13 450 SY Remove and reuse existing rock rip $ 50.00 $22,500.00 rap, complete in place Fiftv Dollars & Zero Cents Per Unit Measurement 12" thick rock rip rap with 6" thick 14 221 SY bedding (quantity based on $ 65.00 $14,365.00 salvaging 293 SY of existing rip rap), complete in place Sixtv-Five Dollars & Zero Cents Per Unit Measurement 15 200 LF Grade to drain, complete in place $ 12.00 $ 2,400.00 Twelve Dollars & Zero Cents Per Unit Measurement Excavation safety and support 16 983 LF system including excavation safety $ 1.00 $ 983.00 plans for trenches over 5 feet in depth, complete in place One Dollars & Zero Cents Per Unit Measurement 17 983 LF Testing as required by City of Fort $ 1.00 $ 983.00 Worth, complete in place One Dollars & Zero Cents Per Unit Measurement TOTAL AMOUNT FOR DRAINAGE $ 132,447.00 EXHIBIT B UNIT 4: PAVING THE UNIT PRICE IS REQUIRED TO BE IN BOTH NUMERIC AND WRITTEN FORM. Bid Item Approx. Unit Bid Item Unit Total Number Quantity Measurement Description Price Amount 6" - 3500 psi reinforced concrete 1 8,708 SY street pavement, with 6" standard $ 25.50 $222.054.00 integral curb, complete in place Twentv-Five Dollars & Fifty Cents Per Unit Measurement 2 9,277 SY 8" lime stabilized subgrade $ 2.50 $23,192.50 (36#/SY), complete in place Two Dollars & Fifty Cents Per Unit Measurement Hydrated lime material (36#/SY), $ 150.00 $25,050.00 3 167 TON complete in place One Hundred Fifty Dollars & Zero Cents Per Unit Measurement 4 58 LF Connect to existing pavement, $ 20.00 $ 1,160.00 complete in place Twenty Dollars & Zero Cents Per Unit Measurement 5 58 LF Remove & dispose existing end of $ 5.00 $ 290.00 street barricade Five Dollars & Zero Cents Per Unit Measurement 6 7 EA Type C barrier free ramp per City $ 900.00 $ 6,300.00 Standards, complete in place Nine Hundred Dollars & Zero Cents Per Unit Measurement 4' wide reinforced concrete 7 1148 SF sidewalk per City Standards, $ 2.50 $ 2,870.00 complete in place Two Dollars & Fifty Cents Per Unit Measurement Traffic control and barricading 8 1 LS during construction, complete in $ 1,000.00 $ 1,000.00 place One Thousand Dollars & Zero Cents Per Unit Measurement TOTAL AMOUNT FOR PAVING $ 281,916.50 EXHIBIT B UNIT 5: STREET LIGHTS THE UNIT PRICE IS REQUIRED TO BE IN BOTH NUMERIC AND WRITTEN FORM. Bid Item Approx. Unit Bid Item Unit Total Number Quantity Measurement Description Price Amount Light-100 W HPS Cobra Head 1 10 EA Fixture; Photo -Cell & embedment, $ 600.00 $ 6,000.00 backfill, and compaction, complete in place Six Hundred Dollars & Zero Cents Per Unit Measurement 2 648 LF Conduit 2 inch -open cut -schedule $ 12.00 $ 7,776.00 40, complete in place Twelve Dollars & Zero Cents Per Unit Measurement 3 1,944 LF Conductor Wire-#10ga., complete $ 2.00 $ 3,888.00 in place Two Dollars & Zero Cents Per Unit Measurement 4 10 EA Light concrete foundation Type 4, $ 1,200.00 $12,000.00 complete in place One Thousand Two Hundred Dollars & Zero Cents Per Unit Measurement 5 10 EA Light -Type Single Davit Pole & $ 2,500.00 $25,000.00 Arm D25-6, complete in place Two Thousand Five Hundred Dollars & Zero Cents Per Unit Measurement TOTAL AMOUNT FOR STREET LIGHTS $ 54,664.00 EXHIBIT B UNIT 6: MISCELLANEOUS THE UNIT PRICE IS REQUIRED TO BE IN BOTH NUMERIC AND WRITTEN FORM. Bid Item Approx. Unit Bid Item Unit Total Number Quantity Measurement Description Price Amount 1 100 LF 2-4" SCH 40 PVC Sleeves, $ 15.00 $ 1,500.00 complete in place Fifteen Dollars & Zero Cents Per Unit Measurement Maintenance Bonds for Utilities per 2 1 LS City of Fort Worth Requirements, $ 1,000.00 $ 1,000.00 complete One Thousand Dollars & Zero Cents Per Unit Measurement Payment & Performance Bonds for 3 1 LS Utilities per City of Fort Worth $ 1,000.00 $ 1,000.00 Requirements, complete One Thousand Dollars & Zero Cents Per Unit Measurement Payment, Performance, and 4 1 LS Maintenance Bonds for Paving per $ 1,500.00 $ 1,500.00 City of Fort Worth Requirements, complete One Thousand Five Hundred Dollars & Zero Cents Per Unit Measurement TOTAL AMOUNT FOR MISCELLANEOUS $ 5,000.00 EXHIBIT B IBID SUMMARY TOTAL AMOUNT BID WATER $ 116,224.70 TOTAL AMOUNT BID SANITARY SEWER $ 82,032.00 TOTAL AMOUNT BID DRAINAGE $ 132,447.00 TOTAL AMOUNT BID PAVING $ 281,916.50 TOTAL AMOUNT BID STREET LIGHTS $ 54,664.00 TOTAL AMOUNT BID MISCELLANEOUS $ 5,000.00 GRAND TOTAL AMOUNT BID $ 672,284.20 u