HomeMy WebLinkAboutContract 61895CSC No. 61895
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 CAL Hearthstone Lot Option Pool 02 LP, a Delaware Limited Partnership
company authorized to do business in Texas ("Owner 1"), and LENNAR HOMES OF TEXAS
LAND AND CONSTRUCTION, LTD ("Owner 2") (the City, Owner 1, and Owner 2 a "Party",
and collectively, the "Parties").
RECITALS
WHEREAS, Owner 1 is the owner of approximately 89.726 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, Owner 2 has constructed WJ Boaz Road via an executed a Community
Facilities Agreement (CFA22-0104, CSCO 58231), on 10/11/2022, and obtained final acceptance
by the City (Project Number 103525), on 03/25/2024; and
WHEREAS, Owner 1 and Owner 2 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, 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 G; 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-24-006 Page 1 of 19
Landing at Creekside 8/16/2024
WHEREAS, Owner 1 has agreed to dedicate the right-of-way and Owner 2 has agreed to
construct the transportation improvements shown on Exhibit "D" for which credits against
transportation impact fees shall be granted; and
WHEREAS, Owner 1 has received preliminary plat approval for The Landing at
Creekside, PP-20-028, on 01/11/2023; and
WHEREAS, Owner 1 has dedicated 64,688 square feet of right-of-way for WJ Boaz Road
via Separate Instrument, recorded as Instrument D222243983, on 10/6/2022; and
WHEREAS, Owner 1 has dedicated 20,865 square feet of right-of-way for WJ Boaz Road
with FP-22-168, recorded as Instrument D223082343, on 5/12/2023; and
WHEREAS, Owner 2 has received approval for WJ Boaz Road construction plans
(IPRC21-0123) on 4/12/2022, and executed a Community Facilities Agreement (CFA22-0104,
CSCO 58231), on 10/11/2022, and obtained final acceptance by the City (Project Number 103525,
on 03/25/2024).
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 1 agrees to dedicate the rights -of -way and
Owner 2 agrees to construct the system facilities identified in Exhibit "D". For any transportation
improvement which has been previously dedicated or constructed by the Owners 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
Transportation Impact Fee Credit Agreement- CA-24-006 Page 2 of 19
Landing at Creekside 8/16/2024
dedicated and accepted (in the case of right-of-way) or constructed through an executed
Community Facilities Agreement (for 75% of the eligible roadway construction credit) and final
acceptance by the City has been obtained (for 100% of the eligible roadway construction credit).
6. Term and Effective Date. The term of this Agreement shall be ten (10) years from
its Effective Date.
7. Assignment. Owner 1 and Owner 2 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 Owners and their 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. A credit
agreement amendment executed by the City, any remaining Owners, and the Owner's Assignee
will be required to formally transfer any credits for use.
8. Amendment. This Agreement shall not be modified or amended except as follows:
(a) Any revision, amendment, assignment, or modification to this Agreement
or any Exhibit or schedule hereto shall be in writing and signed by the Parties.
(b) Any revision, amendment, assignment, 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)
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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 (Au 3, 2024�
Dana Burghdoff
Assistant City Manager
Date: Aug 23, 2024
Recommended By:
Dalton Harrell fAug 19, 202419:56 CDT)
DJ Harrell
Director, Development Services
Approved as to Form and Legality:
Douglas Black (Aug 22, 202410:17 CDT)
Douglas Black
Assistant City Attorney
M&C: None required
Form 1295: None required
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Jannette Goodall
City Secretary
Transportation Impact Fee Credit Agreement- CA-24-006
Landing at Creekside
OWNER 1
Cal Hearthstone Lot Option Pool, 02, L.P.
a Delaware Limited Partnership
By: Cal Hearthstone PBLO GP, LLC
Delaware limited liability company
By: Cal Hearthstone Public Builder Lot
Option, LLC, a Delaware limited liability
company, its Sole Member
By: Hearthstone Professionals — CS, L.P.,
a Delaware limited partnership, its Member
Manager
Steven C. Tol-ath
Steven C. Porath (Aug 19, 202411:44 PDT)
Steven C. Porath
Authorized Person
OWNER 2
Lennar Homes of Texas Land and Construction,
LTD.
q'1
Jennifer Eller (Aug 19, 202413:56 CDT)
Jennifer Eller
Authorized Agent
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
City Contract Compliance Manager:
Page 4 of 19
8/ 16/2024
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.
&11h'ifer Rol erts (Aug 16, 202414:15 CDT)
Jennifer H. Roberts
Assistant Director, Development Services
Department
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EXHIBIT LIST
"A" Description of the Property
"B" Map of Property
"C" Development Plan
"D" Eligible Transportation Improvements
"B" Credits Against Transportation Impact Fees
"F" Allocation of Credits
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Landing at Creekside 8/16/2024
EXHIBIT A
Description of Property: The Landing at Creekside Preliminary Plat, PP-20-028
BEING AN 89.726 ACRE TRACT OF LAND SITUATED IN THE JOHN ASKEW SURVEY,
ABSTRACT NO. 16 AND THE ALEXANDER F. ALBRIGHT SURVEY, ABSTRACT NO.
1849, CITY OF FORT WORTH, TARRANT COUNTY, TEXAS AND BEING ALL OF A
CALLED 89.738 ACRE TRACT OF LAND CONVEYED TO BOAZ89 LP, AS RECORDED
IN COUNTY CLERK'S FILE NO. D220290895, OFFICIAL PUBLIC RECORDS, TARRANT
COUNTY, TEXAS. SAID 89.726 ACRE TRACT, WITH BEARING BASIS BEING GRID
NORTH, TEXAS STATE PLANE COORDINATES, NORTH CENTRAL ZONE, NAD83
(NAD83 (2011) EPOCH 2O10), DETERMINED BY GPS OBSERVATIONS, CALCULATED
FROM DALLAS CORS ARP (PID-DF8984) AND ARLINGTON RRP2 CORS ARP (PID-
DF5387), BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS
FOLLOWS:
BEGINNING AT A 3/4 INCH IRON ROD FOUND FOR THE NORTHWEST CORNER OF
SAID 89.738 ACRE TRACT AND THE NORTHEAST CORNER OF A CALLED 10.39
ACRE TRACT OF LAND CONVEYED TO DWYANE DAVIS AND WIFE, BARBARA A.
DAVIS, AS RECORDED IN VOLUME 4180, PAGE 7, OFFICIAL PUBLIC RECORDS,
TARRANT COUNTY, TEXAS, SAID POINT ALSO BEING ON THE SOUTH RIGHT-OF-
WAY LINE OF W.J. BOAZ ROAD, ALSO KNOWN AS COUNTY ROAD NO.4123 (A
VARIABLE WIDTH PRESCRIPTIVE RIGHT-OF-WAY);
THENCE, ALONG THE NORTH LINE OF SAID 89.738 ACRE TRACT AND SAID SOUTH
RIGHT-OF-WAY LINE OF W.J. BOAZ ROAD, THE FOLLOWING COURSES AND
DISTANCES:
NORTH 89 DEGREES 32 MINUTES 05 SECONDS EAST, A DISTANCE OF 1372.62
FEET TO A 1/2 INCH IRON ROD FOUND FOR CORNER;
SOUTH 89 DEGREES 48 MINUTES 20 SECONDS EAST, A DISTANCE OF 258.76
FEET TO A NORTHEAST CORNER OF SAID 89.738 ACRE TRACT AND THE
NORTHWEST CORNER OF A CALLED 1.000 ACRE TRACT OF LAND
CONVEYED TO ANDREW PESTELL, AS RECORDED IN COUNTY CLERK'S
FILE NO. D202032985, OFFICIAL PUBLIC RECORDS, TARR-ANT COUNTY,
TEXAS, FROM WHICH A 1/2 INCH IRON ROD WITH CAP FOUND BEARS
SOUTH 76 DEGREES 01 MINUTES 46 SECONDS EAST, A DISTANCE OF 0.33
FEET;
THENCE, SOUTH 00 DEGREES 07 MINUTES 40 SECONDS EAST, ALONG AN EAST
LINE OF SAID 89.738 ACRE TRACT AND THE WEST LINE OF SAID PESTELL TRACT,
A DISTANCE OF 254.56 FEET TO A 1/2 INCH IRON ROD FOUND FOR AN INTERIOR
ELL CORNER OF SAID 89.738 ACRE TRACT AND THE SOUTHWEST CORNER OF
SAID PESTELL TRACT;
THENCE, SOUTH 89 DEGREES 49 MINUTES 13 SECONDS EAST, ALONG THE NORTH
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LINE OF SAID 89.738 ACRE TRACT AND THE SOUTH LINE OF SAID PESTELL TRACT,
PASSING AT A DISTANCE OF 155.87 FEET A 1/2 INCH IRON ROD WITH PLASTIC CAP
STAMPED "RPLS 4818" FOUND FOR THE SOUTHEAST CORNER OF SAID PESTELL
TRACT AND THE SOUTHWEST CORNER OF A CALLED 1.000 ACRE TRACT OF LAND
CONVEYED TO MANUEL R. ORNELAS AND WIFE, MARISA ORNELAS, AS
RECORDED IN COUNTY CLERK'S FILE NO. D204395704, OFFICIAL PUBLIC
RECORDS, TARRANT COUNTY, TEXAS, CONTINUING ALONG SAID NORTH LINE OF
89.738 ACRE TRACT AND THE SOUTH LINE OF SAID ORNELAS TRACT, IN ALL A
TOTAL DISTANCE OF 342.24 FEET TO A 1/2 INCH IRON ROD FOUND FOR AN
INTERIOR ELL CORNER OF SAID 89.738 ACRE TRACT AND THE SOUTHEAST
CORNER OF SAID ORNELAS TRACT;
THENCE, NORTH 00 DEGREES 07 MINUTES 44 SECONDS WEST, ALONG A WEST
LINE OF SAID 89.738 ACRE TRACT AND THE EAST LINE OF SAID ORNELAS TRACT,
A DISTANCE OF 254.56 FEET TO A 1/2 INCH IRON ROD FOUND FOR A NORTHWEST
CORNER OF SAID 89.738 ACRE TRACT AND THE NORTHEAST CORNER OF SAID
ORNELAS TRACT, SAID POINT BEING ON AFORESAID SOUTH RIGHT-OF-WAY LINE
OF W.J. BOAZ ROAD;
THENCE, CONTINUING ALONG SAID NORTH LINE OF 89.738 ACRE TRACT AND
SAID SOUTH RIGHT-OF-WAY LINE OF W.J. BOAZ ROAD, THE FOLLOWING
COURSES AND DISTANCES:
SOUTH 89 DEGREES 49 MINUTES 09 SECONDS EAST, A DISTANCE OF 15 7. 10
FEET TO A 1/2 INCH IRON ROD FOUND FOR CORNER;
SOUTH 89 DEGREES 45 MINUTES 02 SECONDS EAST, A DISTANCE OF 438.72
FEET TO A 1/2 INCH IRON ROD FOUND FOR THE NORTHEAST CORNER OF
SAID 89.738 ACRE TRACT AND THE SOUTHWEST CORNER OF A 20' RIGHT-
OF-WAY DEDICATION ACCORDING TO THE PLAT OF LOT 1, BLOCK 1, W.J.
BOAZ ADDITION, AS RECORDED IN COUNTY CLERK'S FILE NO. D209095483,
OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS;
THENCE, SOUTH 01 DEGREES 08 MINUTES 55 SECONDS WEST, ALONG THE EAST
LINE OF SAID 89.738 ACRE TRACT AND THE WEST LINE OF SAID W.J. BOAZ
ADDITION, A DISTANCE OF 1005.53 FEET TO A 5/8" IRON ROD WITH YELLOW
PLASTIC CAP STAMPED "LJA SURVEYING" SET FOR A SOUTHEAST CORNER OF
SAID 89.738 ACRE TRACT AND THE SOUTHWEST CORNER OF SAID W.J. BOAZ
ADDITION, SAID POINT BEING ON THE NORTH LINE OF A CALLED 3.92 ACRE
TRACT OF LAND CONVEYED TO JANA DAY PIERCE HAMMAN, AS RECORDED IN
COUNTY CLERK'S FILE NO. D 197209966, OFFCIAL PUBLIC RECORDS, TARRANT
COUNTY, TEXAS, FROM WHICH A 1/2 INCH IRON ROD FOUND BEARS NORTH 81
DEGREES 56 MINUTES 12 SECONDS WEST, A DISTANCE OF 1.74 FEET;
THENCE, NORTH 89 DEGREES 58 MINUTES 33 SECONDS WEST, ALONG A SOUTH
LINE OF SAID 89.738 ACRE TRACT AND THE NORTH LINE OF SAID 3.92 ACRE
TRACT, A DISTANCE OF 440.83 FEET TO A 1/2 INCH IRON ROD FOUND FOR AN
Transportation Impact Fee Credit Agreement- CA-24-006 Page 8 of 19
Landing at Creekside 8/16/2024
INTERIOR ELL CORNER OF SAID 89.738 ACRE TRACT AND A NORTHWEST CORNER
OF SAID 3.92 ACRE TRACT;
THENCE, SOUTH 01 DEGREES 19 MINUTES 11 SECONDS WEST, ALONG THE EAST
LINE OF SAID 89.738 ACRE TRACT, THE WEST LINE OF SAID 3.92 ACRE TRACT AND
THE WEST LINE OF A CALLED 13.717 ACRE TRACT OF LAND CONVEYED TO
REGINALD YOUNG AND SPOUSE, JULIE YOUNG, AS RECORDED IN COUNTY
CLERK'S FILE NO. D216102477, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY,
TEXAS, A DISTANCE OF 684.63 FEET TO A 5/8" IRON ROD WITH YELLOW PLASTIC
CAP STAMPED "LJA SURVEYING" SET FOR THE SOUTHEAST CORNER OF SAID
89.738 ACRE TRACT AND THE SOUTHWEST CORNER OF SAID 13.717 ACRE TRACT,
SAID POINT BEING ON THE NORTH LINE OF PARKVIEW HILLS ADDITION, AN
ADDITION TO THE CITY OF FORT WORTH, AS RECORDED IN CABINET A, SLIDE
10477, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS, FROM WHICH A
1/2 INCH IRON ROD FOUND BEARS SOUTH 01 DEGREES 19 MINUTES 11 SECONDS
WEST, A DISTANCE OF 0.85 FEET;
THENCE, ALONG THE SOUTH LINE OF SAID 89.738 ACRE TRACT, THE FOLLOWING
COURSES AND DISTANCES:
NORTH 89 DEGREES 54 MINUTES 45 SECONDS WEST, ALONG THE NORTH
LINE OF SAID PARKVIEW HILLS ADDITION, A DISTANCE OF 291.90 FEET TO
A 5/8 INCH IRON ROD WITH YELLOW PLASTIC CAP STAMPED "LJA
SURVEYING" SET FOR CORNER;
SOUTH 89 DEGREES 58 MINUTES 16 SECONDS WEST, CONTINUING ALONG
SAID NORTH LINE OF PARKVIEW HILLS ADDITION AND THE NORTH LINE
OF A CALLED 206.975 ACRE TRACT OF LAND CONVEYED TO BARNHAM &
HARRIS LAND ONE, L.P., AS RECORDED IN COUNTY CLERK'S FILE NO.
D201156341, OFFICIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS, A
DISTANCE OF 1782.46 FEET TO A 5/8" IRON ROD WITH YELLOW PLASTIC
CAP STAMPED "LJA SURVEYING" SET FOR THE SOUTHWEST CORNER OF
SAID 89.738 ACRE TRACT, SAID POINT BEING ON THE EAST LINE OF LOT 1,
BLOCK 1 OF EAGLE MOUNTAIN-SAGINAW I.S.D. SCHOOL SITE, AN
ADDITION TO TARRANT COUNTY, TEXAS, AS RECORDED IN CABINET A,
SLIDE 197, OFFCIAL PUBLIC RECORDS, TARRANT COUNTY, TEXAS, FROM
WHICH A 3/4 INCH IRON ROD FOUND BEARS NORTH 38 DEGREES 17
MINUTES 12 SECONDS WEST, A DISTANCE OF 0.79 FEET;
THENCE, NORTH 00 DEGREES 36 MINUTES 01 SECONDS WEST, ALONG THE WEST
LINE OF SAID 89.738 ACRE TRACT AND THE EAST LINE OF SAID LOT 1, BLOCK 1, A
DISTANCE OF 901.54 FEET TO A PK NAIL FOUND FOR THE NORTHEAST CORNER OF
SAID LOT 1, BLOCK 1 AND THE SOUTHEAST CORNER OF AFORESAID 10.39 ACRE
TRACT;
THENCE, NORTH 00 DEGREES 38 MINUTES 46 SECONDS WEST, CONTINUING
ALONG SAID WEST LINE OF 89.738 ACRE TRACT AND THE EAST LINE OF SAID
Transportation Impact Fee Credit Agreement- CA-24-006 Page 9 of 19
Landing at Creekside 8/16/2024
10.39 ACRE TRACT, A DISTANCE OF 781.81 FEET TO THE POINT OF BEGINNING
AND CONTAINING A CALCULATED AREA OF 89.726 ACRES, OR 3,908,474 SQUARE
FEET OF LAND.
Transportation Impact Fee Credit Agreement- CA-24-006 Page 10 of 19
Landing at Creekside 8/16/2024
EXHIBIT B
Map of Property: The Landing at Creekside Preliminary Plat, PP-20-028
W BAILEY BOSWELL ROAD
PROJECT
LOCATION
WJ BOAZ ROAD
1I I 1— STAREE LANE
HILLS LANE
a
W McLEROY BOULEVARD
VICINITY MAP
I/
Transportation Impact Fee Credit Agreement- CA-24-006 Page 11 of 19
Landing at Creekside 8/16/2024
EXHIBIT C
Development Plan: The Landing at Creekside Preliminary Plat, PP-20-028
VIgNWY KW
NMI
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Landing at Creekside 8/16/2024
EXHIBIT D
Eligible Transportation Improvements
N FORT WORTH
S Landing at Creekside
Eligible Transportation
Improvements for Credit against
Transportation Impact Fees
Key
Development Plan Area
h •-
t - Right -of -Way Dedication /
' Roadway Construction
W.) BOAZ • W J BOAZ
OLD EAfBER � � �
GREY FALLOW
PIL W q
C9
z
z
HIDDEN TREASURE s
i'
PACKwATER �L +,,BAYRIDGE
U_UJ
:r' • i
WATERVIEW.
Eligible Improvements Reference # Limits ••
W.J. Boaz Road FP-22-168 & Right-of-way dedication from of W.J.
Sep Inst Boaz Rd
D222243983
W.J. Boaz Road CPN 103525 Construction of W.J. Boaz Rd, sidewalks,
street lights and drainage
Transportation Impact Fee Credit Agreement- CA-24-006 Page 13 of 19
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EXHIBIT E
Credits Acainst Transportation Impact Fees
Landing at Creekside
Transportation Impact Fee Credit Overview
Value of ROW Dedication
Instrument # Final Plat # Eligible Arterial
D222243983 Separate Instrument WJ Boaz Rd
D223082343 FP-22-168 WJ Boaz Rd
ROW Transportation Impact Fee Credit
Value
$414,003.20
$67,811.25
$481,814.45
TrIF Eligible Community Facilities Agreement Construction
City Secretary # CFA # Eligible Arterial Value
58231 CFA22-0104 W J. Boaz Road $1,368,119.00
CPN 103525
Total Transportation Impact Fee Eligible Community $1,368,119.00
Facilities Agreement Value
Engineering, Surveying, and Material Testing = 20% of $273,623.80
eligible construction costs
Total Transportation Impact Fee Credit $29123,557.25
Transportation Impact Fee Credit Agreement- CA-24-006 Page 14 of 19
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Right -of -Way Valuation for Landing at Creekside
Valuation Method 1 - Percentage of TIP Project Cost
Eligible Arterial
WJ Boaz Rd
WJ Boaz Rd
2022 Transportation Improvements Plan Project Number
E-18
E-18
Estimated Construction Costs from 2022 Transportation
$19,303,000
$19,303,000
Improvements Plan
Value of Total Project Right -of -Way (20% of Construction
$3,860,600
$3,860,600
Cost)
Total Project Length (LF)
10,815
10,815
Arterial Cross -Section Width (LF)
110
110
Additional ROW needed for Roundabout (SF)
0
0
Total Project Right -of -Way (SF)
1,189,650
1,189,650
Right -of -Way Value Per Square Foot
$3.25
$3.25
Valuation Method 2 - Percentage of Construction Project
Cost
Eligible Arterial
WJ Boaz Rd
WJ Boaz Rd
City Project Number
103525
Final Construction Costs from Notice of Completion (Green
Sheet)
$1,385,719.00
Value of Total Project Right -of -Way (20% of Construction
$277,144
Cost)
Total Project Length (LF)
1,884
Arterial Cross -Section Width (LF)
23
Additional ROW needed for Roundabout (SF)
0
Total Project Right -of -Way (SF)
43,332
Right -of -Way Value Per Square Foot
$6.40
n/a
Valuation Method 3 - TAD appraised value
TAD Value as of 08/9/2023
WJ Boaz Rd
WJ Boaz Rd
TAD Account
7942036
7942036
Total Area (SF)
43,560
43,560
Appraised Value
$40,000.00
$40,000.00
Value per Square Foot
$0.92
$0.92
Right -of -Way Dedication
WJ Boaz Rd
WJ Boaz Rd
Recording Instrument Number
D222243983
D223082343
Final Plat Number
Separate
FP-22-168
Instrument
Recording Date
10/6/2022
5/12/2023
Total area of ROW dedicated (SF)
64,688
20,865
Value per SF
$6.40
$3.25
ROW Credit Available
$414,003.20
$67,811.25
Transportation Impact Fee Credit Agreement- CA-24-006 Page 15 of 19
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Landing at Creekside - W.J. Boaz Road
Value of Eligible Community Facilities Agreement Construction, CPN 103525
Bidlist
Completed
Eligible
Item
Description
Unit
Quantity
Unit Price
Credit Available
No.Quantity
UNIT III: DRAINAGE
IMPROVEMENTS
1
TRENCH SAFETY
LF
5,088
1,585
$2.00
$3,170.00
2
CONCRETE COLLAR
EA
3
1
$750.00
$750.00
3
21" RCP, CLASS III
LF
1,009
406
$70.00
$28,420.00
4
24" RCP, CLASS III
LF
1,448
774
$80.00
$61,920.00
5
30" RCP, CLASS III
LF
219
0
$95.00
$0.00
6
36" RCP, CLASS III
LF
540
0
$130.00
$0.00
7
48" RCP, CLASS III
LF
647
0
$190.00
$0.00
8
54" RCP, CLASS III
LF
283
0
$240.00
$0.00
9
60" RCP, CLASS III
LF
537
0
$280.00
$0.00
10
1OX5 BOX
LF
405
405
$950.00
$384,750.00
11
4' STORM JUNCTION BOX
EA
8
1
$6,500.00
$6,500.00
12
6' STORM JUNCTION BOX
EA
6
0
$8,500.00
$0.00
13
1O' CURN INLET
EA
22
0
$4,000.00
$0.00
14
10' RECESSED INLET
EA
6
6
$5,200.00
$31,200.00
15
12" ROCK RIPRAP
SY
2,835
592
$125.00
$74,000.00
16
5-10'X5' PW-S WINGWALL
EA
2
2
$80,500.00
$161,000.00
17
60" 4:1 SLOPED END HEADWALL
EA
1
0
$7,500.00
$0.00
18
3'X3' WYE INLET
EA
1
1
$5,000.00
$5,000.00
TOTAL UNIT
III: DRAINAGE IMPROVEMENTS
$756,710.00
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Landing at Creekside 8/16/2024
UNIT IV: PAVING IMPROVVIENTS
I
HYDRATE LIME
TN
312
88
$215.00
$18,920.00
2
6" LIME TREATMENT (30#/SY)
SY
13,786
0
$3.50
$0.00
3
8" LIME TREATMENT (30#/SY)
SY
5,861
4,871
$4.00
$19,484.00
4
2" ASPHALT PVMT TYPE D (CO #2)
SY
200
0
$28.00
$0.00
5
8" ASPHALT BASE TYPE B (CO #2)
SY
200
0
$60.00
$0.00
6
6" CONC PVMT
SY
12,903
0
$52.50
$0.00
7
10" CONC PVMT
SY
4,118
4,118
$82.50
$339,735.00
8
5" CONC SIDEWALK
SF
19,078
16,087
$5.00
$80,435.00
9
BARRIER FREE RAMP, TYPE P-I
EA
16
0
$1,900.00
$0.00
10
TOPSOIL
CY
700
273
$26.00
$7,098.00
11
SEEDING, HYDROMULCH
SY
4,200
1,640
$3.00
$4,920.00
12
FURNISH/ INSTALL ALUM SIGN
EA
5
0
$850.00
$0.00
GROUND MOUNT CITY STD - NAME
BLADES
13
FURNISH/ INSTALL ALUM SIGN
EA
0
0
$50.00
$0.00
GROUND MOUNT CITY STD - SPEED
LIMIT
14
FURNISH/ INSTALL ALUM SIGN
EA
4
0
$850.00
$0.00
GROUND MOUNT CITY STD - STOP
SIGN
15
7.5" CONC PVMT
SY
922
0
$64.50
$0.00
16
CONSTRUCT PVMT HEADER &
EA
8
2
$1,500.00
$3,000.00
BARRICADE
17
BARRICADE (CO #2)
EA
4
4
$1,000.00
$4,000.00
18
REMOVE BARRICADE AND
EA
1
0
$1,000.00
$0.00
CONNECT TO EXISTING
19
PEDESTRIAN HANDRAIL
LF
146
146
$160.00
$23,360.00
20
TRAFFIC CONTROL
LS
1
1
$4,500.00
$4,500.00
21
REMOVE ASPHALT PVMT (CO #2)
SY
411
411
$25.00
$10,275.00
22
FURNISH/INSTALL ALUM SIGN
EA
4
4
$850.00
$3,400.00
GROUND MOUNT CITY STD W13-1P
(CO #4)
23
FURNISH/INSTALL ALUM SIGN EX
EA
2
2
$500.00
$1,000.00
POLE MOUNT W1-41(CO #4)
24
FURNISH/INSTALL ALUM SIGN EX
EA
2
2
$500.00
$1,000.00
POLE MOUNT W1-4R (CO #4)
25
4" SOLID WHITE STRIP PER CITY
LF
546
546
$3.00
$1,638.00
DETAIL D642 (CO #4)
26
4" SOLID DOUBLE YELLOW STRIPED
LF
1,590
1,590
$6.00
$9,540.00
WITH RPM'S PER CITY DETAIL D642
(CO #4)
27
8" SOLID WHITE CROSSHATCHING
SY
433
433
$8.00
$3,464.00
PER CITY DETAIL D642 (CO #4)
TOTAL
UNIT
IV: PAVING IMPROVEMENTS
$535,769.00
Transportation Impact Fee Credit Agreement- CA-24-006 Page 17 of 19
Landing at Creekside 8/16/2024
UNIT V: STREET LIGHTING IMPR VVEMENTS
1 2" CONDT PVC SCH 80(T)
LF
3464
1,790
$16.00
$28,640.00
2 INSTAL TYPE 33A ARM
EA
6
6
$400.00
$2,400.00
3 INSTAL TYPE 33AB ARM
EA
24
0
$500.00
$0.00
4 RDWY IIUM FOUNDATION TY 1,2, AND
EA
24
0
$1,200.00
$0.00
4
5 RDWY IIUM FOUNDATION TY 3,4, 5, 6
EA
6
6
$1,500.00
$9,000.00
AND 8
6 RDWY IIUM FOUNDATION TY 11 POLE
EA
24
0
$3,000.00
$0.00
7 RDWY IIUM FOUNDATION TY 18 POLE
EA
6
6
$3,400.00
$20,400.00
8 TRPE R2 LUMINAIRE
EA
29
6
$950.00
$5,700.00
9 TRPE R4 LUMINAIRE
EA
1
0
$900.00
$0.00
10 FURNISH/INSTALL 120-240 VOLT
EA
1
1
$9,500.00
$9,500.00
SINGLE PHASE METERED PEDESTAL
(CO #5)
TOTAL UNIT V: STREET LIGHTING IMPROVEMENTS
$75,640.00
UNIT VI: TRAFFIC SIGNAL IMPROVEMENTS
1
I I
I
I
I
$o.00
TOTAL UNIT VI: TRAFFIC SIGNAL IMPROVEMENTS
$0.00
Bid Summary
UNIT III: DRAINAGE IMPROVEMENTS $756,710.00
UNIT IV: PAVING IMPROVEMENTS $535,769.00
UNIT V: STREET LIGHTING IMPROVEMENTS $75,640.00
UNIT VI: TRAFFIC SIGNAL IMPROVEMENTS $0.00
VALUE OF CFA22-0104, CPN 103525 ELIGIBLE CONSTRUCTION
SUBTOTAL $1,368,119.00
Transportation Impact Fee Credit Agreement- CA-24-006 Page 18 of 19
Landing at Creekside 8/16/2024
EXHIBIT F
Allocation of Credits
Credit shall be allocated on a first -come, first -served basis to building permits within the
preliminary plat boundary of The Landing at Creekside, PP-20-028 and shall run with the land.
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Transportation Impact Fee Credit Agreement- CA-24-006 Page 19 of 19
Landing at Creekside 8/16/2024