HomeMy WebLinkAboutContract 52116-T1TERMINATION OF CITY SECRETARY CONTRACT NUMBER 52116 Page 1 of 2
A COMMUNITY FACILITIES AGREEMENT
BETWEEN THE CITY OF FORT WORTH AND
QTS INVESTMENT PROPERTIES FORT WORTH, LLC
Date Received: _______________ City Secretary
Time Received: ______________ Contract No.: ____________
TERMINATION OF CITY SECRETARY CONTRACTNUMBER 52116
A COMMUNITY FACILITIES AGREEMENT
BETWEEN THE CITY OF FORT WORTH AND
QTS INVESTMENT PROPERTIES FORT WORTH, LLC
This TERMINATION OF CITY SECRETARY CONTRACT NUMBER 52116
(“Termination”), is made and entered into by and between the City of Fort Worth (“City”), a
home-rule municipal corporation of the State of Texas, acting by and through its duly authorized
Assistant City Manager, and QTS Investment Properties Fort Worth, LLC (“Developer”), a
Delaware limited liability company, acting by and through its duly authorized representative.
WHEREAS, City and Developer entered into a Community Facilities Agreement for the
construction of public infrastructure Improvements for project known as QTS Data Center, City
Project Number 101966, City Secretary Contract Number 52116 (“CFA”); and
WHEREAS, after execution of the CFA, Developer did not proceed with construction of
the Improvements; and
WHEREAS, Developer has submitted new engineering plans to the City for reviewed and
approval; and
WHEREAS, Developer has entered into a new community facilities agreement with the
City for construction of public infrastructure improvements for the project; and
WHEREAS, City and Developer desire to terminate the CFA as a result of Developer’s
execution of the new community facilities agreement;
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, City and Developer agree as follows:
1.
City Secretary Contract Number 52116 is hereby terminated.
2.
Upon execution of this Termination, the City will refund to Developer the estimated
material testing and inspection fees paid to the City in the amount of $30,199.36, and release the
financial guarantee Developer provided to the City for the CFA.
TERMINATION OF CITY SECRETARY CONTRACT NUMBER 52116 Page 2 of 2
A COMMUNITY FACILITIES AGREEMENT
BETWEEN THE CITY OF FORT WORTH AND
QTS INVESTMENT PROPERTIES FORT WORTH, LLC
IN WITNESS WHEREOF, the City and Developer have executed this Termination to be
effective on the date signed by the City’s Assistant City Manager.
CITY OF FORT WORTH
Dana Burghdoff
Assistant City Manager
Date:
Recommended by:
Dwayne Hollars
Contract Compliance Specialist
Development Services
APPROVED AS TO FORM AND LEGALITY:
Richard A. McCracken
Sr. Assistant City Attorney
M&C: N/A
Form 1295: N/A
ATTEST:
Jannette Goodall
City Secretary
DEVELOPER
QTS Investment Properties Fort Worth, LLC
_______________________________________
Laney Marinich
Executive Vice President, Development
Date:____________________
Contract Compliance Manager:
By signing I acknowledge that I am the person
responsible for the monitoring and administration
of this contract, including ensuring all
performance and reporting requirements.
Rebecca Owen
Contract Compliance Specialist