Loading...
HomeMy WebLinkAboutContract 60708-A1City of Fort Worth, Texas First Amendment to City Secretary Contract No. 60708 Page 1 of 5 Date Received: _______________ City Secretary Time Received: ______________ Contract No.: ____________ FIRST AMENDMENT TO CITY SECRETARY CONTRACT NUMBER 60708 A COMMUNITY FACILITIES AGREEMENT BETWEEN THE CITY OF FORT WORTH AND WEST RIVER HOMES BUILDING, LLC This FIRST AMENDMENT TO CITY SECRETARY CONTRACT NUMBER 60708 (“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 West River Homes Building, LLC (“Developer”), a Texas limited liability company. WHEREAS, the City and Developer entered into a Community Facilities Agreement for the construction of public infrastructure Improvements for a Project known as Azalea Avenue Townhomes, City Project Number 104341 (“CFA”); and WHEREAS, Developer has hired a new contractor to construct the paving Improvements pursuant to the CFA and the construction costs have increased; and WHEREAS, the City and Developer desire to amend the CFA to reflect the revised Paving Cost Estimates, the revised Cost Summary Table, and the increase in the financial guarantee; and WHEREAS, Developer has provided the City with a rider to the development bond to increase the penal sum of the development bond to correspond with the new construction costs; NOW THEREFORE, City and Developer, acting herein by and through their duly authorized representatives, enter into the following agreement, which amends City Secretary Contract Number 60708: 1. Section 39 of the CFA is amended in its entirety to be and read as set forth in Exhibit A of this First Amendment, which is attached hereto and incorporated herein by reference. 2. The Paving Cost Estimates in the CFA are amended in their entirety to be and read as set forth in Exhibit B of this First Amendment, which is attached hereto and incorporated herein by reference. 3. a. All other provisions of City Secretary Contract No. 60708 which are not expressly amended herein, shall remain in full force and effect. City of Fort Worth, Texas First Amendment to City Secretary Contract No. 60708 Page 2 of 5 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. 60708. [SIGNATURES ON FOLLOWING PAGE] City of Fort Worth, Texas First Amendment to City Secretary Contract No. 60708 Page 3 of 5 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 Dana Burghdoff Assistant City Manager Date: Recommended by: Bichson Nguyen Contract Compliance Specialist Development Services Approved as to Form & Legality: Richard A. McCracken Sr. Assistant City Attorney M&C No. N/A Form 1295: N/A Date: ________________ ATTEST: Jannette S. Goodall City Secretary DEVELOPER: West River Homes Building, LLC a Texas limited liability company Matthew Coop Director of Operation Date: 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. Name: Rebecca Owen Title: Development Manager City of Fort Worth, Texas First Amendment to City Secretary Contract No. 60708 Page 4 of 5 EXHIBIT A 39. Cost Summary Sheet Project Name: Azalea Avenue Townhomes CFA No.: CFA23-0055 City Project No.: 104341 Items Developer's Cost City's Cost Total Cost A. Water and Sewer Construction 1. Water Construction 166,706.35$ -$ 166,706.35$ 2. Sewer Construction 129,534.14$ 79,576.34$ 209,110.48$ Water and Sewer Construction Total 296,240.49$ 79,576.34$ 375,816.83$ B. TPW Construction 1. Street 106,967.10$ -$ 106,967.10$ 2. Storm Drain -$ -$ 3. Street Lights Installed by Developer 117,556.00$ -$ 117,556.00$ 4. Signals -$ -$ -$ TPW Construction Cost Total 224,523.10$ -$ 224,523.10$ Total Construction Cost (excluding the fees): 520,763.59$ 79,576.34$ 600,339.93$ Estimated Construction Fees: C. Construction Inspection Service Fee 22,000.00$ 2,250.00$ 24,250.00$ D. Administrative Material Testing Service Fee 1,715.00$ 245.00$ 1,960.00$ E. Water Testing Lab Fee 150.00$ 150.00$ F. Material Testing Cost -$ 1,591.53$ 1,591.53$ Total Estimated Construction Fees: 23,865.00$ 4,086.53$ 26,360.00$ TOTAL PROJECT COST 544,628.59$ 83,662.87$ 626,699.93$ Financial Guarantee Options, choose one Amount Choice (Mark one) Bond = 100% 600,339.93$ X Completion Agreement = 100% / Holds Plat Cash Escrow Water/Sanitary Sewer= 125% Cash Escrow Paving/Storm Drain = 125% Letter of Credit = 125% City of Fort Worth, Texas First Amendment to City Secretary Contract No. 60708 Page 5 of 5 EXHIBIT B Paving Cost Estimates