HomeMy WebLinkAboutContract 60829-A1Date Received: 2/23/2024
Time Received: 8:31 a.m.
City Secretary
Contract No.: 60829-Al
FIRST AMENDMENT TO CITY SECRETARY CONTRACT NUMBER 60829
A COMMUNITY FACILITIES AGREEMENT AND COMPLETION AGREEMENT
BETWEEN THE CITY OF FORT WORTH AND HT HWY 114 DEVELOPMENT, LP
This FIRST AMENDMENT TO CITY SECRETARY CONTRACT NUMBER 60829
("First Amendment") is made and entered into by and between the City of Fort Worth ("City"),
a home -rule municipal corporation of the state of Texas, and HT Hwy 114 Development, LP
("Developer"), a Texas limited partnership.
WHEREAS, the City and Developer entered into a Community Facilities Agreement for
the construction of public infrastructure improvements for a Project known as Tradition Phase 4D,
City Project Number 104235; and
WHEREAS, City and Developer executed a Completion Agreement as the financial
guarantee for the CFA ("Completion Agreement"); and
WHEREAS, the CFA and the Completion Agreement are filed with the City Secretary as
City Secretary Contract Number 60829; and
WHEREAS, Developer desires to replace the Completion Agreement with a Development
Bond as the financial guarantee for the remaining Improvements to be constructed pursuant to the
CFA;
NOW THEREFORE, City and Developer, acting herein by and through their duly
authorized representatives, enter into the following agreement, which amends the City Secretary
No. 60829:
1.
Section 5 of the CFA is amended to add the following paragraph:
Developer has delivered to the City a development bond in the amount of $691,897.79
guaranteeing Developer's obligation to complete construction of the water, paving, storm drain,
and streetlights Improvements and pay all contractors and material suppliers. City and
Developer agree that the Developer may replace the Completion Agreement with the
development bond as the financial guarantee for the Improvements.
2.
The Completion Agreement is terminated.
3.
OFFICIAL RECORD
City of Fort Worth, Texas CITY SECRETARY
Amendment to City Secretary Contract No. 60829 FT. WORTH, TX
a. All other provisions of City Secretary Contract No. 60829 which are not expressly
amended herein, shall remain in full force and effect.
b. All terms in this First Amendment that are capitalized, but not defined, shall have the
meanings ascribed to those terms in City Secretary Contract No. 60829.
[SIGNATURES ON FOLLOWING PAGE]
City of Fort Worth, Texas
Amendment to City Secretary Contract No. 60829
IN TESTIMONY WHEREOF, the City and Developer have executed this First
Amendment to be effective on the date signed by the City's Assistant City Manager.
CITY OF FORT WORTH
Su �2024d Dana Burghdoff (Feb 2024 CST)
Dana Burghdoff
Assistant City Manager
Date: Feb 22, 2024
Recommended by:
Bichson Nguyen
Contract Compliance Specialist
Development Services
Approved as to Form & Legality:
Thomas Royce Hansen
Assistant City Attorney
M&C No. N/A
Form 1295: N/A
ATTEST:
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Jannette S. Goodall
City Secretary
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DEVELOPER
[Signature on following page]
Contract Compliance Manager:
By signing, I acknowledge that I am the
person responsible for the monitoring and
administration of this contract, including all
performance and reporting requirements.
Rebecca Owen (Feb 21, 202418:31 CST)
Name: Rebecca Diane Owen
Title: Development Manager
OFFICIAL RECORD
City of Fort Worth, Texas CITY SECRETARY
Amendment to City Secretary Contract No. 60829 FT. WORTH, Tx
DEVELOPER
HT HWY 114 DEVELOPMENT LP, a
Texas limited partnership
By: HT Hwy 114 Development LLC, a
Delaware limited liability company, its
general partner
By: HT Hwy 114 LP, a Delaware limited
Partnership, its sole member
By: Hines Hwy 114 LLC, a Delaware limited liability company, its general partner
By: Hines Hwy 114 Associates LP, a Texas limited partnership, its sole member
By: Hines Investment Management Holdings Limited Partnership, a Texas limited partnership,
its general partner
By:
Robert wine
Robert Witte (Feb 21, 202416:06 CST)
Robert W. Witte
Senior Managing Director
Date: Feb 21, 2024
Acknowledged by:
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Dustin Davidson (Feb 21, 202414:17 CST)
Dustin Davidson
Managing Director
City of Fort Worth, Texas
Amendment to City Secretary Contract No. 60829