HomeMy WebLinkAboutContract 61065CSCO NO. 61065
TRANSPORTATION IMPACT FEE CREDIT AGREEMENT
THIS TRANSPORTATION IMPACT FEE CREDIT AGREEMENT (the
"Agreement") is made and entered into effective as of the Effective Date (as defined below), by and
among THE CITY OF FORT WORTH, TEXAS (the "City"), a Texas home rule municipal
corporation, and Rainbow Ridge, LLC (Impression Homes), a Texas limited liability company
authorized to do business in Texas (the "Owner") (the City and the Owner a "Party", and collectively,
the "Parties").
RECITALS
WHEREAS, the Owner is the owner of approximately 13.658 acres in Tarrant County, Texas,
as described by metes and bounds in Exhibit "A" (the "Property") located within the corporate
boundaries of the City. A map of the Property showing its location is attached hereto as Exhibit
"B"; and
WHEREAS, the Owner desires to proceed with development of the Property as described
or illustrated on the Development Plan, attached hereto as Exhibit "C" which identifies the on -site
and/or off -site transportation facilities necessary for serving full development of the Property; and
WHEREAS, the City has adopted a Transportation Impact Fee program pursuant to Texas
Local Government Code Chapter 395, codified in City Code Chapter 30, Article VIII, et seq., as
amended, under which transportation impact fees are imposed on new development for impacts to
the City's transportation facilities as a result of said development; and
WHEREAS, transportation impact fees are collected and must be spent by the City on impact
fee eligible transportation facilities identified within the City's adopted Transportation Improvements
Plan ("TIP"), as amended, within the service area(s) in which the new development is located; and
WHEREAS, the Transportation Impact Fee Program provides for credits against impact fees
for dedication of right-of-way and/or construction of transportation improvements identified as
impact fee eligible on the adopted TIP; and
WHEREAS, the Property is located within service area Y; and
WHEREAS, the City has determined the maximum transportation impact fees to be assessed
against new development within service area Y to be $2,588 per service unit (vehicle -miles of demand);
and
WHEREAS, certain transportation facilities depicted on Exhibit "D" are identified as
impact fee eligible within the City's adopted TIP and therefore eligible for impact fee credit; and
WHEREAS, Owner has agreed to dedicate the right-of-way and/or constructed the
transportation improvements shown on Exhibit "D" for which credits against transportation impact
fees shall be granted; and
OFFICIAL RECORD
Transportation Impact Fee Credit Agreement - CA-23-013 CITY SECRETARY Page 1 of 17
Rainbow Ridge FT. WORTH, Tx 03/01/2024
WHEREAS, the Owner has received preliminary plat approval for Rainbow Ridge Addition,
PP-02-011, on February 24, 2021; and
WHEREAS, the Owner has received final plat approval for Rainbow Ridge, FP-22-107, on
November 17, 2022; and
WHEREAS, the Owner has dedicated 66,647 square feet of right-of-way for McCart Avenue
with FP-22-107, recorded as Instrument D222271691, on November 17, 2022; and
WHEREAS, the Owner has received approval for construction plans JPRC20-0168) on
7/15/2021, and executed a Community Facilities Agreement (CFA21-0014) on February 28, 2022,
and obtained final acceptance by the City for Rainbow Ridge, City Project 103145 on 8/14/2023.
NOW, THEREFORE, for and in consideration of the mutual agreements, covenants, and
conditions contained herein, and other good and valuable consideration, the City and the Owner
hereby covenant and agree as follows:
1. Recitals. The recitals contained in this Agreement are true and correct as of the
Effective Date and form the basis upon which the Parties negotiated and entered into this Agreement.
2. Transportation Improvements. Owner agrees to dedicate the rights -of -way for and/or
construct the system facilities identified in Exhibit "D". For any transportation improvement which
has been previously dedicated or constructed by Owner on the Property and accepted by the City
prior to execution of this Agreement, the improvement shall be identified as completed on Exhibit
"D»
3. Credits. The Parties agree that the estimated value of the credits for each
transportation improvement, expressed in current dollars, shall be as set forth in Exhibit "E". The
value of credits associated with the improvements first shall be reduced by the Schedule 2 impact fee
associated with any lot for which a building permit has previously been issued, and the net value of
credits shown on Exhibit "E" shall be considered as exact.
4. Phasing. The Parties acknowledge that, where it is anticipated that the project will be
developed in phases, the anticipated construction of improvements by phase shall be as depicted in
Exhibit "D". which is attached hereto and incorporated herein by reference.
5. Allocation of Credits by Phase. The general allocation of credits to each phase of the
development shall be as shown on Exhibit "F". which is attached hereto and incorporated herein by
reference. The Parties agree that the credits identified in this Agreement shall not be deemed to have
been created until the system facility for which credit is to be granted has been dedicated and accepted
(in the case of right-of-way) or constructed through an executed Community Facilities Agreement and
final acceptance by the City has been obtained. The Parties further agree that, prior to the application
of a credit against transportation impact fees otherwise due for any unit of development; the following
events shall take place:
(a) The number of credits resulting from such improvement has been valued; and
Transportation Impact Fee Credit Agreement - CA-23-013 Page 2 of 17
Rainbow Ridge 03/01/2024
(b) Concurrent with final plat approval, a credit allocation shall be provided by the
developer for the phase of development to which the credit is to be applied, which allocation may
either assign the credit, expressed in dollars, to each finally platted lot or may create a credit -pool to
be utilized by that phase of development.
Term and Effective Date. The term of this Agreement shall be ten (10) years from its
Effective Date.
7. Assignment. Owner shall have the right to assign this Agreement to any person or
entity ("Owner's Assignee") with the written consent of the City, provided: (a) the assignment is in
writing executed by the Owner and its assignee; and (b) the assignment incorporates this Agreement
by reference and binds the Owner's Assignee to perform (to the extent of the obligations assigned) in
accordance with this Agreement. Each Owner's Assignee shall become a Party to this Agreement
upon the execution of such assignment. In no event may this Agreement be construed to authorize
assignment of any credits attributable to a system facility to be dedicated or constructed hereunder for
use outside the boundaries of the Property.
8. Amendment. This Agreement shall not be modified or amended except as follows:
(a) Any amendment or modification to this Agreement or any Exhibit or schedule
hereto shall be in writing and signed by the Parties.
(b) Any revision, amendment, or modification to this Agreement, the
Development Plan, or any Exhibit or schedule thereto, shall become effective on the date executed
by the Parties or, as applicable, upon the date of approval by the City Council or designated city
official.
9. Exhibits. The exhibits attached to this Agreement are incorporated as part of this
Agreement for all purposes as if set forth in full in the body of this Agreement.
(Remainder of Page Intentionally Left Blank)
Transportation Impact Fee Credit Agreement - CA-23-013 Page 3 of 17
Rainbow Ridge 03/01/2024
IN WITNESS WHEREOF, the undersigned parties have executed this Agreement to be
effective as of the date subscribed by the City's Assistant City Manager.
CITY OF FORT WORTH, TEXAS
,
Dana Burghdoff; (Mar 20241 CST)
Dana Burghdoff
Assistant City Manager
Date: Mar 7, 2024
Recommended By:
Oalton ffamell
Dalton Harrell (Mar 5, 202411:18 CST)
DJ Harrell
Director, Development Services
Approved as to Form and Legality:
ig�
Douglas Black (Mar 5, 202416:33 CST)
Douglas Black
Assistant City Attorney
M&C: None required
Form 1295: None required
ATTEST:
Jannette Goodall
City Secretary
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Transportation Impact Fee Credit Agreement - CA-23-013
Rainbow Ridge
OWNER
Rainbow Ridge, LLC (Impression Homes)
a Texas Limited Liability Company
Steve Garza (Marl, 202413:06 CST)
Steve Garza
CFO
City Contract Compliance Manager:
By signing, I acknowledge that I am the person
responsible for the monitoring and
administration of this contract, including
ensuring all performance and reporting
requirements.
Tanya Boyd (Mar 1, 262411:02 CST)
Tanya M. Boyce
Planning Manager Development Services
Department
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
Page 4 of 17
03/01/2024
EXHIBIT LIST
"A" Description of the Property
"B" Map of Property
"C" Development Plan
"D" Eligible Transportation Improvements
"E" Credits Against Transportation Impact Fees
"F" Allocation of Credits
Transportation Impact Fee Credit Agreement - CA-23-013 Page 5 of 17
Rainbow Ridge 03/01/2024
EXHIBIT A
Description of Property: FP-22-107
BEING a tract of land situated in the John H. Duncan Survey, Abstract No. 398, the Jose A Gill Survey,
Abstract No. 568, City of Fort Worth, Tarrant County, Texas and being a part of those certain tracts of land
described by deeds to Rainbow Ridge, LLC, recorded in County Clerk's Document Numbers D219156460 &
D220265574, Deed Records, Tarrant County, Texas, said tract of land being more particularly described by
metes and bounds as follows:
BEGINNING at a 5/8" iron rod with yellow cap stamped "DUNAWAY ASSOC." for corner (hereinafter called
5/8" YCIR) set in south end of the terminus and westerly right-of-way line of McCart Avenue (a 65' of 130'
width public right-of-way), as shown on plat for Rainbow Ridge Addition, an Addition to the City of Fort
Worth, according to the plat recorded in Cabinet A, Slide 9451, Plat Records, Tarrant County, Texas and the
most northerly northwest corner of said Rainbow Ridge tract, recorded in said County Clerk's Document
Number D219156460;
THENCE South 60°57'50" East, a passing distance of 65.00 feet to point for the southwest corner of Lot 1,
Block 3 of said Rainbow Ridge Addition and continuing for a total distance of 336.54 feet to a 5/8" YCIR set
for the southwest corner of Lot 6, Block 3 of said Rainbow Ridge Addition;
THENCE South 29°02'10" West, a passing distance of 270.00 feet to a point for the northwest corner of Lot 9,
Block 9, Rainbow Ridge Addition, an Addition to the City of Fort Worth, according to the plat recorded in
County Clerk's Document Number D222087504, Plat Records, Tarrant County, Texas and continuing with a
westerly line of said Rainbow Ridge Addition for a total distance of 772.02 feet to a 5/8" YCIR found for the
southwest corner of Lot 38, Block 9 of said Rainbow Ridge Addition;
THENCE South 60°57'50" East, with the south line of said Lot 38, Block 9, Rainbow Ridge Addition, a
distance of 119.99 feet to a 5/8" YCIR found in the south right-of-way line of Bermuda Court (a 50' width
public right-of-way), as shown on the plat for said Rainbow Ridge Addition and the beginning of a non -tangent
curve to the left having a central angle of 190° 13'33", a radius of 51.00 feet, a chord bearing and distance of
North 75°35'51" East - 101.59 feet and the center bears North 80°42'40" East, a distance of 51.00 feet;
THENCE with south right-of-way line of said Bermuda Court and with said non -tangent curve to the left in a
northeasterly direction, an arc length of 169.32 feet to a 5/8" YCIR found for the southwest corner of Lot 41,
Block 9 of said Rainbow Ridge Addition;
THENCE North 89°39'04" East, with the south line of said Lot 41, Block 9, Rainbow Ridge Addition, a
distance of 123.40 feet to a 5/8" YCIR found for the southeast corner of said Lot 41, Block 9, Rainbow Ridge
Addition;
THENCE North 00°20'56" West, with the east line of said Lot 41, Block 9, Rainbow Ridge Addition, a distance
of 38.26 feet to a 5/8" YCIR found for the northeast corner of Lot 41, Block 9 of said Rainbow Ridge Addition;
THENCE North 89°39'04" East, with the south line of Block 9 of said Rainbow Ridge Addition, a distance of
655.62 feet to a 5/8" YCIR found for the southeast corner of Lot 56, Block 9 of said Rainbow Ridge Addition;
THENCE North 00°20'56" West, with the east line of said Lot 56, Block 9, Rainbow Ridge Addition, a distance
of 110.00 feet to a 5/8" YCIR found for the northeast corner of said Lot 56, Block 9, Rainbow Ridge Addition
Transportation Impact Fee Credit Agreement - CA-23-013 Page 6 of 17
Rainbow Ridge 03/01/2024
and in the south right-of-way line of Tahiti Lane (a 50' width public right-of-way), as shown on plat of said
Rainbow Ridge Addition;
THENCE North 89°39'04" East, with the south right-of-way line of said Tahiti Lane, a distance of 300.00 feet
to an X-cut in concrete found for the north end of a corner clip;
THENCE South 45°20'56" East, departing the south right-of-way line of said Tahiti Lane, with said corner clip,
a distance of 14.14 feet to a 5/8" YCIR found in the west right-of-way line of St. Martin Road (a 50' width
public right-of-way), as shown on plat of said Rainbow Ridge Addition;
THENCE South 00°20'56" East, with the west right-of-way line of said St. Martin Road, a distance of 215.00
feet to a 5/8" YCIR found in the end terminus of said St. Martin Road;
THENCE North 89°39'04" East, with the south end terminus of said St, Martin Road, a distance of 50.00 feet to
a 5/8" YCIR found in the east right-of-way line of said St. Martin Road;
THENCE North 00°20'56" West, with the east right-of-way line of said St. Martin Road, a distance of 222.72
feet to an X-cut found in concrete for the southwest corner of Lot 17, Block 10 of said Rainbow Ridge
Addition;
THENCE North 89°39'04" East, departing said east right-of-way line of said St. Martin Road, with south line of
said Block 10, Rainbow Ridge Addition, a distance of 220.00 feet to a 5/8" YCIR found for the southeast corner
of Lot 8, Block 10 of said Rainbow Ridge Addition and in the west right-of-way line of Martinique Lane (a 50'
width public right-of-way), as shown on plat of said Rainbow Ridge Addition;
THENCE South 00°20'56" East, with the west right-of-way line of said Martinique Lane, a distance of 22.72
feet to a 5/8" YCIR found in the south end terminus of said Martinique Lane;
THENCE South 89°39'04" West, departing the west right-of-way line of said Martinique Lane, and with the
south end terminus of said Martinique Lane, a distance of 50.00 feet to a 5/8" YCIR found in the east right-of-
way line of said Martinique Lane;
THENCE North 00°20'56" West, with the east right-of-way line of said Martinique Lane, a distance of 10.00
feet to a 5/8" YCIR found for the south end of a corner clip;
THENCE North 44°39'04" East, departing the east right-of-way line of said Martinique Lane, with said corner
clip, a distance of 14.14 feet to a 5/8" YCIR found in the south right-of-way line of Montego Bay Lane (a 50'
width public right-of-way), as shown on plat of said Rainbow Ridge;
THENCE North 89°39'04" East, departing said corner clip and with the south right-of-way line of said Montego
Bay Lane, a distance of 345.00 feet to a 5/8" YCIR found for the northwest corner of Lot 34, Block 17 of said
Rainbow Ridge Addition;
THENCE South 00°20'56" East, departing said Montego Bay Lane and with the west line of said Lot 34, Block
17, Rainbow Ridge Addition, a distance of 110.00 feet to a 5/8" YCIR found for the southwest corner of said
Lot 34, Block 17, Rainbow Ridge Addition;
THENCE North 89°39'04" East, with the south line of Block 17 of said Rainbow Ridge Addition, a distance of
Transportation Impact Fee Credit Agreement - CA-23-013 Page 7 of 17
Rainbow Ridge 03/01/2024
768.94 feet to a 5/8" YCIR found for the southeast corner of Lot 21, Block 17 of said Rainbow Ridge Addition
and in the west line of Lot 1, Block 1, J.A. Hargrave Elementary School Addition, an Addition to the City of
Fort Worth, according to the plat recorded in Cabinet A, Slide 8569, Plat Records, Tarrant County, Texas;
THENCE South 01'49'19" West, with the west line of said Lot 1, Block 1, j.A. Hargrave Elementary School
Addition, a passing distance of 108.86 feet to the southwest corner of said Lot 1, Block 1, J.A. Hargrave
Elementary School Addition and continuing for a total distance of 116.85 feet to a 5/8" YCIR set;
THENCE South 00°20'56" East, a distance of 23.23 feet to a point in the approximate centerline of North
Crowley -Cleburne Road (County Road 1075);
THENCE South 89°39'04" West, with the approximate centerline of said North Crowley -Cleburne Road, a
distance of 3,148.21 feet to an 1" iron rod found for the southwest corner of said Rainbow Ridge tract, recorded
in County Clerk's Document Number D219156460;
THENCE North 01°00'37" West, departing the approximate centerline of said North Crowley -Cleburne Road,
with a west line of said Rainbow Ridge tract, a distance of 85.35 feet to a mag nail with shiner stamped
"DUNAWAY ASSOC." set;
THENCE North 29°02'10" East, with the westerly line of said Rainbow Ridge tract, a distance of 1,025.36 feet
to the POINT OF BEGINNING and containing a calculated area of 817,887 square feet or 18.776 acres of land.
Transportation Impact Fee Credit Agreement - CA-23-013 Page 8 of 17
Rainbow Ridge 03/01/2024
�PROJECT
TI SITE
EXHIBIT B
Map of Property
I � -1 � I � � � I � I
VICINITY MAP
EXHIBIT C
Development Plan
Transportation Impact Fee Credit Agreement - CA-23-013
Rainbow Ridge
Page 9 of 17
03/01/2024
FP-22-107
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Transportation Impact Fee Credit Agreement - CA-23-013 Page 10 of 17
Rainbow Ridge 03/01/2024
EXHIBIT D
Transportation Improvements
v 4
Eligible Improvements
Crowley Cleburne
EXHIBIT D
Rainbow Ridge
'Eligible for Credit Against
WI Transportation Impact Fees
Right -of -Way
�yeFNp Qu Dedication & Construstion
FORT WORTH
C.
R
SAINT v°1NCE ! 2
(CLEBURNE
Limits
ROW Dedication (FP-22-107)
fvkCart Construciton (CPN 103145)
Transportation Impact Fee Credit Agreement - CA-23-013 Page 11 of 17
Rainbow Ridge 03/01/2024
EXHIBIT E
Credits Against Transportation Impact Fees
Rainbow Ridge
Transportation Impact Fee Credit Overview
Value of ROW Dedication
Instrument # Final Plat # Eligible Arterial
D222271691 FP-22-107 McCart Ave
TOTAL ROW TRANSPORTATION IMPACT FEE CREDIT
Value of Community Facilities Agreement Construction
City Secretary # CFA/CPN # Eligible Arterial(s)
57186 CFA21-0014 Rainbow Ridge
CPN 103145
TOTAL COMMUNITY FACILITIES AGREEMENT CREDIT
Value
$247,754.58
$247,754.58
Value
$2,482,724.58
$21482,724.58
TOTAL TRANSPORTATION IMPACT FEE CREDIT $2,730,479.16 I
Transportation Impact Fee Credit Applied to Date
Building Permits 13
Value
$77,549.42
TOTAL TRANSPORTATION IMPACT FEE CREDIT APPLIED TO DATE $77,549.42
NET TRANSPORTATION IMPACT FEE CREDIT REMAINING $2,652,929.74
Transportation Impact Fee Credit Agreement - CA-23-013
Rainbow Ridge
Page 12 of 17
03/01/2024
Right -of -Way Valuation for McPherson Blvd
Valuation Method 1 - Percentage of TIP Project Cost
Eligible Arterial
McCart Ave
2022 Transportation Improvements Plan Project Number
Y-51
Estimated Construction Costs from 2022 Transportation
$5,306,000
Improvements Plan
Value of Total Project Right -of -Way (20% of Construction Cost)
$1,061,200
Total Project Length (LF)
2,840
Arterial Cross -Section Width (LF)
110
Additional ROW needed for Roundabout (SF)
0
Total Project Right -of -Way (SF)
312,400
Right -of -Way Value Per Square Foot
$3.40
Valuation Method 2 - Percentage of Construction Project Cost
Eligible Arterial
McCart Ave
City Project Number
103145
Final Construction Costs from Notice of Completion (Green Sheet)
$1,238,773
Value of Total Project Right -of -Way (20% of Construction Cost)
$247,755
Total Project Length (LF)
65
Arterial Cross -Section Width (LF)
1,077
Additional ROW needed for Roundabout (SF)
0
Total Project Right -of -Way (SF)
66,647
Right -of -Way Value Per Square Foot
$3.72
Valuation Method 3 - TAD appraised value
TAD Value as of 08/9/2023
McCart Ave
TAD Account
7527217
Total Area (SF)
45,612
Appraised Value
$52,250.00
Value per Square Foot
$1.15
Right -of -Way Dedication
McCart Ave
Recording Instrument Number
D219156460
Final Plat Number
FP-22-107
Recording Date
11/17/2022
Total area of ROW dedicated (SF)
66,647
Value per SF
$3.72
ROW Credit Available
$247,754.58
Transportation Impact Fee Credit Agreement - CA-23-013 Page 13 of 17
Rainbow Ridge 03/01/2024
Paving
Item
No.
Description
Unit
Eligible
Quantity
Completed
Quantity
Unit Price
Credit Available
1
BARRIER FREE RAMP, TYPE P-1
EA
4
4
$2,285.00
$
9,140.00
2
4" CONC SIDEWALK
SF
7851
7851
$6.25
$
49,068.75
3
6" CONC PVMT
SY
4147
4147
$42.00
$
174,174.00
4
8" CONC PVMT
SY
10357
10357
$68.15
$
705,829.55
5
6" LIME TREATMENT
SY
4433
4433
$3.50
$
15,515.50
6
8" LIME TREATMENT
SY
11025
11025
$3.75
$
41,343.75
7
HYDDRATED LIME @ 30 LB/SY
TN
67
67
$187.06
$
12,533.02
8
HYDRATED LIME # 36 LB/SY
TN
199
199
$187.06
$
37,224.94
9
FURNISH/INSTALL ALUM SIGN GROUD
EA
3
3
$464.71
$
1,394.13
MOUNT CITY
10
TRAFFIC CONTROL
MO
3
3
$15,053.00
$
45,159.00
11
BLOCK SOD PLACEMENT
SY
652
652
$0.60
$
391.20
12
SWPPP 1 ACRE
LS
1
1
$300.00
$
300.00
13
REMOVE ASPHALT PVMT
SY
8643
8643
$10.00
$
86,430.00
14
REMOVE CONCRETE PVMT
SY
183
183
$32.00
$
5,856.00
15
END ROAD BARRICADE (TXDOT)
EA
1
1
$1,500.00
$
1,500.00
16
24" SLD PVMT MARKING HAE (W)
LF
28
28
$16.76
$
469.28
17
TOPSOIL
CY
31
31
$54.12
$
1,677.72
18
6" CRUSHED STONE BASE
SY
922
922
$20.00
$
18,440.00
19
2" ASPHALT PVMT TYPE D
SY
870
870
$22.00
$
19,140.00
20
TRUF REINFORCED MAT
SY
426
426
$6.20
$
2,641.20
21
4" SLD PVMT MARKING HAS (Y)
LF
7432
7432
$1.31
$
9,735.92
22
8" SLD PVMT MARKING HAS (Y)
LF
34
34
$2.71
$
92.14
23
REFL RAISED MARKER TY II -A -A
EA
140
140
$5.12
$
716.80
Paving Subtotal
$ 1,238,772.90
Storm Drain
Item
Eligible
Completed
No.
Description
Unit
Quantity
Quantity
Unit Price
Credit Available
1
4X3 BOX CULVERT
LF
1532
1532
$270.00
$
413,640.00
2
36" RCP CLASS III
LF
175
175
$151.00
$
26,425.00
3
24" RCP CLASS III
LF
819
819
$106.00
$
86,814.00
4
21" RCP CLASS III
LF
221
221
$68.00
$
15,028.00
5
REMOVE 24" STORM LINE
LF
39
39
$17.00
$
663.00
6
4' STORM JUNCTION BOX
EA
3
3
$5,100.00
$
15,300.00
7
4' MANHOLE RISER
EA
1
1
$2,000.00
$
2,000.00
8
15' CURB INLET
EA
4
4
$5,300.00
$
21,200.00
9
10' CURB INLET
EA
4
4
$4,100.00
$
16,400.00
10
6' DROP INLET
EA
1
1
$6,500.00
$
6,500.00
11
5' DROP INLET
EA
1
1
$5,700.00
$
5,700.00
12
TRENCH SAFETY
LF
2747
2747
$0.50
$
1,373.50
13
6' STROM JUNCTION BOX
EA
4
4
$6,000.00
$
24,000.00
14
CONCRETE COLLAR
EA
2
2
$400.00
$
800.00
15
TRAFFIC CONTROL
MO
1
1
$81,200.00
$
81,200.00
16
WIDE ASPHALT PVMT REPAIR,
LF
100
100
$88.00
$
8,800.00
Storm
Drain Subtotal
$
725,843.50
Transportation Impact Fee Credit Agreement - CA-23-013 Page 14 of 17
Rainbow Ridge 03/01/2024
Street Light Improvements
Item
No.
Description
Unit
Quantity
Eligible
Quantity
Unit Price
Credit Available
1
2" CONDT PVC SCH 80 (T)
LF
2015
2015
$13.83
$
27,867.45
2
NO 6 INSULATED ELEC CONDR
LF
6045
6045
$2.14
$
12,936.30
3
FURNISH/INSTALL LED LIGHTING FIXTURE
EA
19
19
$294.00
$
5,586.00
(70 WATT ATBO COBRA HEAD)
4
RDWY ILLUM FOUNDATION TY 1,2, AND 4
EA
19
19
$1,367.00
$
25,973.00
5
FURNISH/INSTALL RDWAY ILLUM TY 11
EA
19
19
$1,682.00
$
31,958.00
POLE
Street Lights Subtotal $ 104,320.75 1
Paving Subtotal $ 1,238,772.90
Storm Drain Subtotal $ 725,843.50
Street Lights Subtotal $ 104,320.75
CONSTRUCTION SUBTOTAL $ 2,068,937.15
Other Eligible Items
Engineering, Surveying and Material Testing 20% of Paving & Storm Drain $ 413,787.43
Value of Community Facilities Agreement Construction $ 2,482,724.58
Transportation Impact Fee Credit Agreement - CA-23-013 Page 15 of 17
Rainbow Ridge 03/01/2024
Transportation Impact Fee Credit Applied to Date
Number of Permits
Street Now
9340
MARTINIQUE LN
PB23-15094
3436
N CROWLEY CLEBURNE RD
PB23-15106
3432
N CROWLEY CLEBURNE RD
PB23-15117
3440
N CROWLEY CLEBURNE RD
PB23-15118
3448
N CROWLEY CLEBURNE RD
PB23-15119
3456
N CROWLEY CLEBURNE RD
PB23-15286
3452
N CROWLEY CLEBURNE RD
PB23-15289
3444
N CROWLEY CLEBURNE RD
PB23-15293
3473
MONTEGO BAY LN
PB23-15586
3457
MONTEGO BAY LN
PB23-15556
3461
MONTEGO BAY LN
PB23-15585
3612
TAHITI LN
PB23-16605
Permit No.
3465 MONTEGO BAY LN PB23-16604
Transportation Impact Fee Credit Applied to Date
Transportation Impact Fee Credit Agreement - CA-23-013 Page 16 of 17
Rainbow Ridge 03/01/2024
13
Collection
Rate
$5,965.34
$5,965.34
$5,965.34
$5,965.34
$5,965.34
$5,965.34
$5,965.34
$5,965.34
$5,965.34
$5,965.34
$5,965.34
$5,965.34
$5,965.34
$77,549.42
EXHIBIT F
Allocation of Credits
Credit shall be allocated on a first -come, first -served basis to building permits within the Final Plat FP-22-107
�a
a.
�m
i a
i m
i a. .wr �.a as uenn
FP•22.107
84 add--, N B 61,
Transportation Impact Fee Credit Agreement - CA-23-013 Page 17 of 17
Rainbow Ridge 03/01/2024