HomeMy WebLinkAboutContract 61209CSCO NO. 61209
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 GBTM Sendera, LLC, a Delaware 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 134.075 acres in Denton 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 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 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 B; and
WHEREAS, the City has determined the maximum transportation impact fees to be
assessed against new development within service area B to be $3,128 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
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
Transportation Impact Fee Credit Agreement - CA-23-009 Page 1 of 19
Madero Phase 1 3/27/2024
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
WHEREAS, the Owner has received Preliminary Plat approval for Madero, PP-21-032 on
9/21 /2021; and
WHEREAS, the Owner has received Final Plat approval for Madero, FP-22-022 on
3/24/23; and
WHEREAS, the Owner has dedicated 621,420 square feet of right-of-way for Sendera
Ranch Blvd & Rancho Canyon Way with FP-22-022, recorded as Instrument 20230329000060,
March 24, 2023; and
WHEREAS, the Owner has received approval for construction plans (IPRC21-0172) and
executed a Community Facilities Agreement (CFA22-0008), and obtained final acceptance by the
City for Madero, CPN 103479.
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
Transportation Impact Fee Credit Agreement - CA-23-009 Page 2 of 19
Madero Phase 1 3/27/2024
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
(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.
6. 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-23-009 Page 3 of 19
Madero Phase 1 3/27/2024
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 Burandoff
Dana Burghdoff (Mar 29, 2024 16:12 CDT)
Dana Burghdoff
Assistant City Manager
Date: Mar 29, 2024
Recommended By:
Dalton J. Harrell
Dalton J. Harrell (Mar 27, 202416:04 CDT)
DJ Harrell
Director, Development Services
Approved as to Form and Legality:
Douglas Black (Mar 29, 2024 10:06 CDT)
Douglas Black
Assistant City Attorney
M&C: None required
Form 1295: None required
ATTEST:
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Jannette Goodall
City Secretary
Transportation Impact Fee Credit Agreement - CA-23-009
Madero Phase 1
OWNER
GBTM Sendera, LLC,
A Delaware Limited Liability Company
Bobby Samuel (Mar 27, 202416:04 CDT)
Bobby Samuel
Authorized Signer
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 Boych (Mar 27, 202415:29 CDT)
Tanya M. Boyce
Planning Manager
Development Services Department
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
Page 4 of 19
3/27/2024
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-23-009 Page 5 of 19
Madero Phase 1 3/27/2024
EXHIBIT A
Description of Property: Madero, PP-21-032
BEING A PORTION OF THOSE TRACTS OF LAND DESCRIBED TO GBTM SENDERA,
LLC, AS RECORDED IN COUNTY CLERKS FILE NO. 2020-132253, REAL PROPERTY
RECORDS, DENTON COUNTY TEXAS; WS MINERAL HOLDINGS, LLC AS RECORDED
IN COUNTY CLERKS FILE NO. 2007-143782, REAL PROPERTY RECORDS, DENTON
COUNTY, TEXAS; LENNAR HOMES OF TEXAS LAND AND CONSTRUCTION, LTD AS
RECORDED IN COUNTY CLERKS FILE NO. 2020-204878, REAL PROPERTY RECORDS,
DENTON COUNTY TEXAS; SENDERA RANCHO LLC AS RECORDED IN COUNTY
CLERKS FILE NO. 2021-194443, REAL PROPERTY RECORDS, DENTON COUNTY,
TEXAS, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS
AS FOLLOWS:
BEGINNING AT A 5/8-INCH IRON ROD FOUND FOR THE SOUTHEAST CORNER OF
SAID GBTM SENDERA, LLC TRACT, SAME BEING THE NORTHEAST CORNER OF
LOT 62X, BLOCK 73 OF SENDERA RANCH PHASE III, SECTION 2C, AS RECORDED IN
CABINET A, SLIDE 11677, PLAT RECORDS, TARRANT COUNTY, TEXAS;
THENCE WITH THE NORTH LINE OF SAID SENDERA RANCH PHASE III, SECTION 2C,
THE FOLLOWING COURSES AND DISTANCES:
SOUTH 89027'26" WEST, A DISTANCE OF 1,574.49 FEET TO 5/8-INCH IRON ROD
WITH CAP STAMPED "LJA SURVEYING" SET (HEREAFTER REFERRED TO AS
"IRON ROD SET");
NORTH 32048'28" WEST, A DISTANCE OF 576.04 FEET TO AN IRON ROD SET;
NORTH 68038'21" WEST, A DISTANCE OF 10.20 FEET TO AN IRON ROD SET
FOR THE BEGINNING OF A NON -TANGENT CURVE TO THE LEFT, HAVING A
RADIUS OF 200.00 FEET, AND A CHORD THAT BEARS SOUTH 29020'28" WEST,
9.98 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF
02.5 F34", AN ARC -DISTANCE OF 9.98 FEET TO A 5/8-INCH IRON ROD FOUND;
THENCE DEPARTING SAID NORTH LINE, OVER AND ACROSS SAID GBTM TRACT
THE FOLLOWING COURSES AND DISTANCES:
NORTH 62005' 19" WEST, A DISTANCE OF 50.00 FEET TO AN IRON ROD SET
FOR THE BEGINNING OF A NON -TANGENT CURVE TO THE RIGHT, HAVING
A RADIUS OF 250.00 FEET, AND A CHORD THAT BEARS NORTH 39°32'03"
EAST, 100.73 FEET;
WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF
23°14'43", AN ARC -DISTANCE OF 101.43 FEET TO AN IRON ROD SET;
NORTH 51 °09'24" EAST, A DISTANCE OF 204.19 FEET TO AN IRON ROD SET
FOR THE BEGINNING OF A CURVE TO THE LEFT, HAVING A RADIUS OF
125.00 FEET, AND A CHORD THAT BEARS NORTH 46016' 17" EAST, 21.29 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF
09°46'14", AN ARC -DISTANCE OF 21.32 FEET TO AN IRON ROD SET;
NORTH 48036'50" WEST, A DISTANCE OF 129.78 FEET TO AN IRON ROD SET;
NORTH 32050'18" WEST, A DISTANCE OF 192.76 FEET TO AN IRON ROD SET;
Transportation Impact Fee Credit Agreement - CA-23-009 Page 6 of 19
Madero Phase 1 3/27/2024
SOUTH 57009'42" WEST, A DISTANCE OF 54.46 FEET TO AN IRON ROD SET;
NORTH 48036'50" WEST, A DISTANCE OF 2.00 FEET TO AN IRON ROD SET;
NORTH 32050' 18" WEST, A DISTANCE OF 122.47 FEET TO AN IRON ROD SET
FOR THE BEGINNING OF A NON -TANGENT CURVE TO THE RIGHT, HAVING
A RADIUS OF 50.00 FEET, AND A CHORD THAT BEARS NORTH 67°52'16"
WEST, 52.46 FEET;
WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF
63°16'49", AN ARC -DISTANCE OF 55.22 FEET TO AN IRON ROD SET;
SOUTH 57009'42" WEST, A DISTANCE OF 250.09 FEET TO AN IRON ROD SET;
NORTH 32050' 18" WEST, A DISTANCE OF 265.00 FEET TO AN IRON ROD SET;
NORTH 57009'42" EAST, A DISTANCE OF 255.00 FEET TO AN IRON ROD SET;
NORTH 32050' 18" WEST, A DISTANCE OF 295.83 FEET TO AN IRON ROD SET
FOR THE BEGINNING OF A CURVE TO THE LEFT, HAVING A RADIUS OF 25.00
FEET, AND A CHORD THAT BEARS NORTH 43021'29" WEST, 9.13 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF
21°02'22", AN ARC -DISTANCE OF 9.18 FEET TO AN IRON ROD SET FOR THE
BEGINNING OF A REVERSE CURVE TO THE RIGHT, HAVING A RADIUS OF
50.00 FEET, AND A CHORD THAT BEARS NORTH 11 °49'52" EAST, 91.15 FEET;
WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF
131°25'05", AN ARC -DISTANCE OF 114.68 FEET TO AN IRON ROD SET FOR THE
BEGINNING OF A REVERSE CURVE TO THE LEFT, HAVING A RADIUS OF
25.00 FEET, AND A CHORD THAT BEARS NORTH 67021'03" EAST, 8.84 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF
20°22'43", AN ARC -DISTANCE OF 8.89 FEET TO AN IRON ROD SET;
NORTH 57009'42" EAST, A DISTANCE OF 123.09 FEET TO AN IRON ROD SET;
NORTH 32050' 18" WEST, A DISTANCE OF 119.03 FEET TO AN IRON ROD SET;
NORTH 04054'38" EAST, A DISTANCE OF 7.55 FEET TO AN IRON ROD SET;
NORTH 57009'42" EAST, A DISTANCE OF 22.47 FEET TO AN IRON ROD SET;
NORTH 14033'47" WEST, A DISTANCE OF 394.68 FEET TO AN IRON ROD SET;
NORTH 00023'50" WEST, A DISTANCE OF 375.58 FEET TO AN IRON ROD SET;
SOUTH 89036'10" WEST, A DISTANCE OF 1,066.76 FEET TO AN IRON ROD SET;
SOUTH 44034'13" WEST, A DISTANCE OF 14.13 FEET TO AN IRON ROD SET;
SOUTH 89036'10" WEST, A DISTANCE OF 80.00 FEET TO AN IRON ROD SET;
NORTH 45025'47" WEST, A DISTANCE OF 14.15 FEET TO AN IRON ROD SET;
SOUTH 89036'10" WEST, A DISTANCE OF 970.00 FEET TO AN IRON ROD SET;
SOUTH 44034'13" WEST, A DISTANCE OF 14.13 FEET TO AN IRON ROD SET;
SOUTH 00027'44" EAST, A DISTANCE OF 401.14 FEET TO AN IRON ROD SET;
SOUTH 45027'44" EAST, A DISTANCE OF 14.14 FEET TO AN IRON ROD SET;
SOUTH 00027'44" EAST, A DISTANCE OF 50.00 FEET TO AN IRON ROD SET;
SOUTH 44032'16" WEST, A DISTANCE OF 14.14 FEET TO AN IRON ROD SET;
SOUTH 00027'44" EAST, A DISTANCE OF 772.88 FEET TO AN IRON ROD SET;
SOUTH 61050'29" EAST, A DISTANCE OF 11.36 FEET TO AN IRON ROD SET;
SOUTH 00027'17" EAST, A DISTANCE OF 540.20 FEET TO AN IRON ROD SET;
SOUTH 89032'43" WEST, A DISTANCE OF 65.00 FEET TO AN IRON ROD SET ON
THE WEST LINE OF SAID GBTM SENDERA, LLC TRACT;
Transportation Impact Fee Credit Agreement - CA-23-009 Page 7 of 19
Madero Phase 1 3/27/2024
THENCE WITH THE WEST LINE OF SAID GBTM SENDERA TRACT THE FOLLOWING
COURSES AND DISTANCES:
NORTH 0002717" WEST, A DISTANCE OF 345.66 FEET TO A 5/8-INCH IRON
ROD FOUND;
NORTH 00027'36" WEST, PASSING A 5/8-INCH IRON ROD FOUND FOR THE
SOUTHWEST CORNER OF SAID SENDERA RANCHO TRACT, SAME BEING
THE NORTHWEST CORNER OF SAID GBTM SENDERA TRACT AT 1509.06
FEET, A TOTAL DISTANCE OF 1564.06 FEET;
THENCE NORTH 89036'10" EAST, OVER AND ACROSS SAID SENDERA RANCHO
TRACT, PASSING THE EAST LINE OF SAME TRACT AT 422.57 FEET, A TOTAL
DISTANCE OF 1050.06 FEET TO AN IRON ROD SET;
THENCE OVER AND ACROSS SAID WS MINERAL HOLDINGS TRACT, THE
FOLLOWING COURSES AND DISTANCES:
NORTH 44036'10"
EAST, A DISTANCE OF 14.14 FEET TO AN IRON ROD SET;
NORTH 89036'10"
EAST, A DISTANCE OF 50.00 FEET TO AN IRON ROD SET;
SOUTH 45023'50"
EAST, A DISTANCE OF 14.14 FEET TO AN IRON ROD SET;
NORTH 89036'10"
EAST, PASSING THE WEST LINE OF SAID LENNAR HOMES
TRACT AT 422.57 FEET, A TOTAL DISTANCE OF 1495.76 FEET TO AN IRON
ROD SET;
THENCE CONTINUING OVER AND ACROSS SAID LENNAR HOMES TRACT, THE
FOLLOWING COURSES AND DISTANCES:
NORTH 44036'10" EAST, A DISTANCE OF 14.14 FEET TO AN IRON ROD SET;
NORTH 89036'10" EAST, A DISTANCE OF 80.00 FEET TO AN IRON ROD SET;
SOUTH 45023'50" EAST, A DISTANCE OF 14.14 FEET TO AN IRON ROD SET;
NORTH 89036'10" EAST, A DISTANCE OF 1,063.24 FEET TO AN IRON ROD SET
FOR THE BEGINNING OF A CURVE TO THE LEFT, HAVING A RADIUS OF
1,145.00 FEET, AND A CHORD THAT BEARS NORTH 80°50'17" EAST, 348.95
FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF
17031'47", AN ARC -DISTANCE OF 350.31 FEET TO AN IRON ROD SET FOR THE
BEGINNING OF A REVERSE CURVE TO THE RIGHT, HAVING A RADIUS OF
1,255.00 FEET, AND A CHORD THAT BEARS NORTH 80043'02" EAST, 377.24
FEET;
WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF
17°17'16", AN ARC -DISTANCE OF 378.67 FEET TO AN IRON ROD SET;
NORTH 89021'40" EAST, A DISTANCE OF 84.22 FEET TO AN IRON ROD SET ON
THE EAST LINE OF SAID LENNAR HOMES TRACT;
Transportation Impact Fee Credit Agreement - CA-23-009 Page 8 of 19
Madero Phase 1 3/27/2024
THENCE SOUTH 00019'50" EAST, PASSING AT A DISTANCE OF 53.65 FEET THE
SOUTHEAST CORNER OF SAID LENNAR HOMES TRACT, SAME BEING THE
NORTHEAST CORNER OF SAID GBTM SENDERA TRACT, WITH THE EAST LINE OF
SAID GBTM SENDERA TRACT, A TOTAL DISTANCE OF 2,307.95 FEET TO A 1/2-INCH
IRON ROD FOUND;
THENCE CONTINUING WITH THE EAST LINE OF SAID GBTM SENDERA TRACT, THE
FOLLOWING COURSES AND DISTANCES:
SOUTH 89039'01" WEST, A DISTANCE OF 124.78 FEET TO A 5/8-INCH IRON
ROD WITH CAP STAMPED "JACOBS' ;
SOUTH 00017'57" EAST, A DISTANCE OF 80.02 FEET TO A 5/8-INCH IRON ROD
WITH CAP STAMPED "JACOBS' ;
SOUTH 04026'41" WEST, A DISTANCE OF 186.62 FEET TO A 5/8-INCH IRON
ROD WITH CAP STAMPED "JACOBS' ;
SOUTH 30007'30" EAST, A DISTANCE OF 90.08 FEET TO A 5/8-INCH IRON ROD
WITH CAP STAMPED "JACOBS' ;
SOUTH 53049'05" EAST, A DISTANCE OF 118.95 FEET TO A REENTRANT
CORNER OF SAID GBTM SENDERA TRACT, FROM WHICH A 5/8-INCH IRON
ROD FOUND BEARS SOUTH 62028'21" WEST, A DISTANCE OF 0.57 FEET;
SOUTH 00019'52" EAST, A DISTANCE OF 82.91 FEET TO THE POINT OF
BEGINNING AND CONTAINING A GROSS CALCULATED AREA OF 139.994
ACRES (6,098,147 SQ. FEET) OF LAND, SAVE AND EXCEPT A 5.289 ACRE
TRACT OF LAND DESCRIBED AS LOT 1X, BLOCK 400 OF SENDERA RANCH,
AS SHOWN BY PLAT RECORDED IN COUNTY CLERKS FILE NO. 2009-104,
PLAT RECORDS, DENTON COUNTY, TEXAS, FOR A NET CALCULATED AREA
OF 134.705 ACRES (5,867,756 SQ. FEET) OF LAND.
Transportation Impact Fee Credit Agreement - CA-23-009 Page 9 of 19
Madero Phase 1 3/27/2024
Wr RD.
EXHIBIT B
Map of Property
a 131 :1411
LOCATION � JDHN
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VICINITY MAP
Transportation Impact Fee Credit Agreement - CA-23-009 Page 10 of 19
Madero Phase 1 3/27/2024
EXHIBIT C
Development Plan: Madero, PP-21-032
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Transportation Impact Fee Credit Agreement - CA-23-009 Page 11 of 19
Madero Phase 1 3/27/2024
EXHIBIT D
Transportation Improvements
EXHIBIT D
Madero
NE
E ligib le far Credit Against
Transportatlan Impact Fees
Ndication CDEirtrusticm
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CoGtruction jCPN 1034791
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Transportation Impact Fee Credit Agreement - CA-23-009
Madero Phase 1
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Page 12 of 19
3/27/2024
EXHIBIT E
Credits Against Transportation Impact Fees
Madero Phase 1
Transportation Impact Fee Credit Overview
Value of ROW Dedication
Instrument # Final Plat # Eligible Arterial
20230329000060 FP-22-022 Sendera Ranch Blvd
20230329000060 FP-22-022 Rancho Canyon Way
TOTAL ROW TRANSPORTATION IMPACT FEE CREDIT
Value of Community Facilities Agreement Construction
City Secretary # CFA/CPN # Eligible Arterial(s)
103479 CFA22-008 Madero Phase 1
TOTAL COMMUNITY FACILITIES AGREEMENT CREDIT
Value
$ 420,992.00
$ 1,957,098.00
$ 2,378,090.00
Value
$ 4,891,690.20
$ 4,891,690.20
TOTAL TRANSPORTATION IMPACT FEE CREDIT $ 7,269,780.20
Transportation Impact Fee Credit Applied to Date
Building Permits 77
Value
$ 552,326.60
TOTAL TRANSPORTATION IMPACT FEE CREDIT APPLIED TO DATE $ 552,326.60
NET TRANSPORTATION IMPACT FEE CREDIT REMAINING $ 6,717,453.60
Transportation Impact Fee Credit Agreement - CA-23-009
Madero Phase 1
Page 13 of 19
3/27/2024
Right -of -Way Valuation for Madero Phase 1
Valuation Method 1- Percentage of TIP Project Cost
Eligible Arterial Sendera Ranch Blvd
2022 Transportation Improvements Plan Project Number B-11
Estimated Construction Costs from 2022 Transportation $3,437,000
Improvements Plan
Value of Total Project Right -of -Way (20% of $687,400
Construction Cost)
Total Project Length (LF) 1,780
Arterial Cross -Section Width (LF) 110
Additional ROW needed for Roundabout (SF) $0
Total Project Right -of -Way (SF) 195,800
Right -of -Way Value Per Square Foot $3.52
Valuation Method 2 - Percentage of Construction Project Cost
Eligible Arterial
Sendera Ranch Blvd
City Project Number
103479
Final Construction Costs from Notice of Completion
$1,451,609.11
(Green Sheet)
Value of Total Project Right -of -Way (20% of
$290,322
Construction Cost)
Total Project Length (LF)
1840
Arterial Cross -Section Width (LF)
65
Additional ROW needed for Roundabout (SF)
0
Total Project Right -of -Way (SF)
119,600
Right -of -Way Value Per Square Foot
$2.43
Valuation Method 3 - TAD appraised value
TAD Value as of 08/9/2023 Sendera Ranch Blvd
TAD Account 41463412
Total Area (SF) 186,785
Appraised Value $1.00
Value per Square Foot $0.01
Right -of -Way Dedication
Sendera Ranch Blvd
Recording Instrument Number
20230329000060
Final Plat Number
FP-22-022
Recording Date
3/24/2023
Total area of ROW dedicated (SF)
119,600
Value per SF
$3.52
ROW Credit Available
$420,992.00
Transportation Impact Fee Credit Agreement - CA-23-009
Madero Phase 1
Rancho Canyon Way
B-3
$12,103,000
$2,420,600
5,650
110
$0
621,500
$3.90
Rancho Canyon Way
103479
$3,599,043.89
$719,809
4562
110
0
501,820
$1.44
Rancho Canyon Way
41463412
186,785
$1.00
$0.01
Rancho Canyon Way
20230329000060
FP-22-022
3/24/2023
501,820
$3.90
$1,957,098.00
Page 14 of 19
3/27/2024
Paving
71tem No.
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�evcrintion
HYDRATED LIME (36 LBS/SY)
(RANCHO CANYON WAY)
8" LIME TREATMENT (RANCHO
CANYON WAY)
4" CONC SIDEWALK
10" CONC PVMT (RANCHO CANYON
WAY)
BARRIER FREE RAMP, TYPE R-1
BARRIER FREE RAMP, TYPE P-1
TOPSOIL
I:]11:6Zy 4Wel0791/[yaUTIa201
CKs]►W IRUN 0rd9isI11:3=\9.11146113 0
CONSTRUCT STD. PVMT. HEADER
STOP SIGNS (RI-1)
STREET NAME BLADE (133-1)
STREET SIGN POLE
REMOVE BARRICADE & CONNECT
TO EXISTING PAVEMENT
REMOVE ABANDONED GAS LINE
LANE LEGEND ARROWS
TYPEII-A-A 4" RPM
TYPE I-C 4" RPM
REFL PAV MRK TY
I(W)(6")(SNG)(SLD)
REFL PAV MRK TY
I(Y)(6")(SNG)(SLD)
REFL PAV MRK TY
I(Y)(6")(DBL)(SLD)
REFL PAV MRK TY
I(W)(6")(SNG)(BRK)
REFL PAV MRK TY
I(Y)(6")(SNG)(BRK)
REFL PAV MRK TY
24 I(W)(24")(SNG)(SLD) WITH
I(B)(6")(DBL)(SLD) CROSSWALK
25 REFL PAV MRK TY
I(W)(24"(SNG)(SLD) STOP BAR
Storm Drain
Unit
Eligible
Completed
Quantity
Quantity
TN
645
645
SY
35,793
35,793
SF
104,345
104,345
SY
34,350
34,350
EA
2
2
EA
18
18
CY
3,260
3,260
SY
19,482
19,482
EA
5
5
LF
163
163
EA
2
2
EA
5
5
EA
5
5
EA
2
2
LF
110
110
EA
23
23
EA
216
216
EA
262
262
LF
950
950
LF
5,483
5,483
LF
3,140
3,140
LF
2,060
2,060
LF
1,320
1,320
EA
8
8
LF
31
31
Transportation Impact Fee Credit Agreement - CA-23-009
Madero Phase 1
Credit
Unit
Price
vailable
$
190.00
$
122,550.00
$
4.00
$
143,172.00
$
3.50
$
365,207.50
$
$
2,335,800.00
68.00
$
1,800.00
$
3,600.00
$
1,500.00
$
27,000.00
$
$
78,228.00
24.00
$
8.00
$
155,856.00
$
500.00
$
2,500.00
20.00
3,260.00
$
750.00
$
1,500.00
$
200.00
$
1,000.00
$
250.00
$
1,250.00
$
500.00
$
1,000.00
40.00
4,400.00
$
450.00
$
10,350.00
5.00
1,080.00
5.00
1,310.00
4.00
3,800.00
$
4.00
$
21,932.00
$
6.00
$
18,840.00
4.00
8,240.00
4.00
5,280.00
$
1,800.00
$
14,400.00
20.00
620.00
Paving Subtotal $ 3,332,175.50
Page 15 of 19
3/27/2024
Description Unit Eligible Completed Unit Price
Quantity Ouantitv Credit Availabl
1
TRENCH SAFETY
LF
3,416
3,416
$
1.00
$
3,416.00
2
CONCRETE COLLAR
EA
1
1
$
500.00
$
500.00
3
21" RCP, CLASS III
LF
636
636
$
60.00
$
38,160.00
4
24" RCP, CLASS III
LF
1,549
1,549
$
70.00
$
108,430.00
5
27" RCP, CLASS III
LF
100
100
$
75.00
$
7,500.00
6
30" RCP, CLASS III
LF
264
264
$
80.00
$
21,120.00
7
33" RCP, CLASS III
LF
846
846
$
100.00
$
84,600.00
8
36" RCP, CLASS III
LF
21
21
$
115.00
$
2,415.00
11
10' RECESSED INLET
EA
17
17
$
4,400.00
$
74,800.00
12
15' CURB INLET
EA
2
2
$
4,400.00
$
8,800.00
14
4' STORM JUNCTION BOX
EA
9
9
$
4,500.00
$
40,500.00
15
T STORM JUNCTION BOX
EA
1
1
$
6,000.00
$
6,000.00
16
3' Drop Inlet
EA
1
1
$
5,000.00
$
5,000.00
22
INLET PROTECTION
EA
20
20
$
150.00
$
3,000.00
Storm Drain Subtotal
$
404,241.00
Street Light Improvements
Item No. Description Unit Quantity Eligible Unit Price
(hiantity I Credit Available
LED LIGHTING FIXTURE (138W)
EA
34
34
$
800.00
$
27,200.00
INSTALL TYPE 33A ARM
EA
34
34
$
450.00
$
15,300.00
RDWY ILLUM ASSEMBLY TY 18,18A,19,
EA
34
34
$
3,400.00
$
115,600.00
AND D-40
RDWY ILLUM FOUNDATION TY 3,5,6,
EA
34
34
$
1,500.00
$
51,000.00
AND 8
GROUND BOX
EA
19
19
$
950.00
$
18,050.00
7 #2 COPPER WIRE LF 6,269 6,269 $ 6.00 $ 37,614.00
Street Lights Subtotal $ 339,992.00
Other Eli-zible Items
Paving Subtotal $ 3,332,175.50
Storm Drain Subtotal $ 404,241.00
Street Lights Subtotal $ 339,992.00
CONSTRUCTION SUBTOTAL $ 4,076,408.50
cost
Value of Community Facilities Agreement Construction $ 4,891,690.20
Transportation Impact Fee Credit Agreement - CA-23-009 Page 16 of 19
Madero Phase 1 3/27/2024
Transportation Impact Fee Credit Applied to Date
Number of
Permits
77
$7,269,780.20
Street No
Street
Permit No.
CollectionRate
Credit Remaining
14708
Rancho Vaquero Dr
PB23-17708
$7,210.04
$7,262,570.16
14700
Rancho Vaquero Dr
PB23-17711
$7,210.04
$7,255,360.12
14704
Rancho Vaquero Dr
PB23-17709
$7,210.04
$7,248,150.08
14833
Picante
PB23-17760
$7,210.04
$7,240,940.04
1104
San Clemente
PB23-17760
$7,210.04
$7,233,730.00
1113
San Clemente
PB23-18076
$7,210.04
$7,226,519.96
14809
Rancho Vaquero Dr
PB24-00858
$7,210.04
$7,219,309.92
14701
Bandana Rd
PB24-00915
$7,210.04
$7,212,099.88
1253
La Bamba Dr
PB24-00916
$7,210.04
$7,204,889.84
14728
Rancho Vaquero Dr
PB24-00918
$7,210.04
$7,197,679.80
14732
Rancho Vaquero Dr
PB24-01004
$7,210.04
$7,190,469.76
14724
Rancho Vaquero Dr
PB24-01023
$7,210.04
$7,183,259.72
14736
Rancho Vaquero Dr
PB24-01030
$7,210.04
$7,176,049.68
15021
Red Sands Trl
PB24-01113
$7,210.04
$7,168,839.64
1009
Naranjos Dr
PB24-01205
$7,210.04
$7,161,629.60
1125
San Clemente
PB24-01396
$7,210.04
$7,154,419.56
1112
Betten Bronco Dr
PB24-01395
$7,210.04
$7,147,209.52
1116
Betten Bronco Dr
PB24-01394
$7,210.04
$7,139,999.48
1120
Betten Bronco Dr
PB24-01513
$7,210.04
$7,132,789.44
1133
San Clemente
PB24-01529
$7,210.04
$7,125,579.40
1129
San Clemente
PB24-01533
$7,210.04
$7,118,369.36
15033
Red Sands Trl
PB24-01635
$7,210.04
$7,111,159.32
15025
Red Sands Trl
PB24-01636
$7,210.04
$7,103,949.28
15024
Red Sands Trl
PB24-01637
$7,210.04
$7,096,739.24
14837
Picante St
PB24-01829
$7,210.04
$7,089,529.20
1108
Betten Bronco Dr
PB24-01913
$7,210.04
$7,082,319.16
1124
San Clemente
PB24-01956
$7,210.04
$7,075,109.12
1121
San Clemente
PB24-01957
$7,210.04
$7,067,899.08
1117
San Clemente
PB24-01959
$7,210.04
$7,060,689.04
1109
San Clemente
PB24-02102
$7,210.04
$7,053,479.00
1105
San Clemente
PB24-02103
$7,210.04
$7,046,268.96
1100
Betten Bronco Dr
PB24-02104
$7,210.04
$7,039,058.92
14745
Bandana Rd
PB24-02317
$7,210.04
$7,031,848.88
14741
Bandana Rd
PB24-02318
$7,210.04
$7,024,638.84
1120
San Clemente
PB24-02375
$7,210.04
$7,017,428.80
1116
San Clemente
PB24-02376
$7,210.04
$7,010,218.76
1112
San Clemente
PB24-02377
$7,210.04
$7,003,008.72
1132
San Clemente
PB24-02491
$7,210.04
$6,995,798.68
14725
Vamos Ranch Blvd
PB24-02584
$7,210.04
$6,988,588.64
Transportation Impact Fee Credit Agreement - CA-23-009 Page 17 of 19
Madero Phase 1 3/27/2024
1228
Toro Trl
PB24-02582
$7,210.04
$6,981,378.60
1309
Sheltola Way
PB24-02583
$7,210.04
$6,974,168.56
14709
Vamos Ranch Blvd
PB24-02669
$7,210.04
$6,966,958.52
14737
Vamos Ranch Blvd
PB24-02670
$7,210.04
$6,959,748.48
14713
Vamos Ranch Blvd
PB24-02671
$7,210.04
$6,952,538.44
1156
San Clemente
PB24-02656
$7,210.04
$6,945,328.40
1152
San Clemente
PB24-02657
$7,210.04
$6,938,118.36
1148
San Clemente
PB24-02658
$7,210.04
$6,930,908.32
1232
Toro Trl
PB24-02666
$7,210.04
$6,923,698.28
1240
Toro Trl
PB24-02668
$7,210.04
$6,916,488.24
14721
Vamos Ranch Blvd
PB24-02726
$7,210.04
$6,909,278.20
14717
Vamos Ranch Blvd
PB24-02779
$7,210.04
$6,902,068.16
1236
Toro Trl
PB24-02725
$7,210.04
$6,894,858.12
14733
Vamos Ranch Blvd
PB24-02788
$7,210.04
$6,887,648.08
14729
Vamos Ranch Blvd
PB24-02819
$7,210.04
$6,880,438.04
1144
Gunslinger DR
PB24-02984
$7,210.04
$6,873,228.00
1136
Gunslinger DR
PB24-02985
$7,210.04
$6,866,017.96
15141
Bull Wagon Way
PB24-02986
$7,210.04
$6,858,807.92
15125
Bull Wagon Way
PB24-02987
$7,210.04
$6,851,597.88
15120
Bull Wagon Way
PB24-03017
$7,210.04
$6,844,387.84
15132
Bull Wagon Way
PB24-03020
$7,210.04
$6,837,177.80
15140
Bull Wagon Way
PB24-03021
$7,210.04
$6,829,967.76
15129
Bull Wagon Way
PB24-03022
$7,210.04
$6,822,757.72
15137
Bull Wagon Way
PB24-03023
$7,210.04
$6,815,547.68
15145
Bull Wagon Way
PB24-03026
$7,210.04
$6,808,337.64
1140
Gunslinger DR
PB24-03035
$7,210.04
$6,801,127.60
1148
Gunslinger DR
PB24-03036
$7,210.04
$6,793,917.56
15124
Bull Wagon Way
PB24-03050
$7,210.04
$6,786,707.52
15136
Bull Wagon Way
PB24-03053
$7,210.04
$6,779,497.48
1132
Gunslinger DR
PB24-03076
$7,210.04
$6,772,287.44
1152
Gunslinger DR
PB24-03162
$7,210.04
$6,765,077.40
1101
San Clemente
PB24-03178
$7,210.04
$6,757,867.36
1128
San Clemente
PB24-03349
$4,363.56
$6,753,503.80
14828
Picante St
PB24-03356
$7,210.04
$6,746,293.76
14805
Rancho Vaquero Dr
PB24-03404
$7,210.04
$6,739,083.72
14801
Rancho Vaquero Dr
PB24-03479
$7,210.04
$6,731,873.68
14832
Picante St
PB24-03475
$7,210.04
$6,724,663.64
14836
Picante Dr
PB24-03361
$7,210.04
$6,717,453.60
Transportation Impact Fee Credit Applied to Date
$552,326.60
Credit Remaining 1 1 $6,717,453.60
Transportation Impact Fee Credit Agreement - CA-23-009 Page 18 of 19
Madero Phase 1 3/27/2024
EXHIBIT F
Allocation of Credits
Credit shall be allocated on a first -come, first -served basis within the preliminary plat boundary
of Madero, PP-21-032
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Transportation Impact Fee Credit Agreement - CA-23-009 Page 19 of 19
Madero Phase 1 3/27/2024