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HomeMy WebLinkAboutContract 59137-A1CSC No. 59137-Al AMENDMENT NO. 1 TO CITY SECRETARY CONTRACT NO. 59137 FACADE IMPROVEMENT PROGRAM REIMBURSEMENT AGREEMENT This AMENDMENT TO THE FACADE IMPROVEMENT PROGRAM REIMBURSEMENT AGREEMENT ("Amendment") is made and entered into by and between the CITY OF FORT WORTH ("City"), a home rule municipal corporation, and North Acre Partners, LLC ("Developer"). WHEREAS, on March 30, 2023, the City and Developer entered into a Fagade Improvement Program Reimbursement Agreement (City Secretary Contract No. 59137; the "Agreement"), under which the City agreed to pay Developer up to $30,000.00 on a reimbursement basis for eligible expenses for the Improvements to the Property as outlined in the Agreement; WHEREAS, Developer requested an extension to complete all of the Improvements to the fagade, the Improvements will be deemed complete upon the issuance of a final certificate of occupancy for the Required Improvements by the Planning and Development Department. Developer will have constructed renovations to the fagade consisting of window replacement, replacement of exterior signage, repair and replacement of fagade electrical and the repair of the fagade concrete blocks. The Construction Costs, upon completion is estimated to be a total of $20,500.00 for the Required Improvements; and WHERAS, the Parties agree to amend the Agreement to update the definition of "Completion Deadline" under Section 2 of the Agreement and to update the termination date under Section 3.1 of the Agreement. NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the City and Developer hereby agree as follows: 1. The definition of "Completion Deadline" under Section 2 is hereby amended to read as follows: "Completion Deadline means September 30, 2024." 2. Section 3.1 of the Agreement is hereby amended to read as follows: "This Agreement will commence on the Effective Date and terminate on March 31, 2025, unless terminated earlier as provided herein." 3. Developer shall supply any additional information requested by the City in its evaluation of Developer's compliance with each of the terms and conditions of this Agreement. Failure to provide all information required by Section 4 shall constitute an Event of Default, as defined in Section 6. 4. All terms and conditions of the Agreement that are not expressly amended pursuant to this Amendment shall remain in full force and effect. Page 1 Amendment No. 1 to CSC No. 59137 Fagade Improvement Program Reimbursement Agreement with North Acre Partners, LLC OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX CITY OF FORT WORTH: By: Fernando Costa Assistant City Manager ATTEST: By: City Secretary M&C G-17804 Date: Feb. 12, 2013 M&C G-17892 Date: May 14, 2013 M&C G-19052 Date: August 1, 2017 NORTH ACRE PARTNERS, LLC T1-et17)-esfwoo,Y By: Trey PressNood (Sep 5, 202415:10 CDT) Trey Presswood, Manager APPROVED AS TO FORM AND LEGALITY: By: Jessika J. Williams Assistant City Attorney APPROVAL RECOMMENDED: K By: Kacey Bess Director OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX Page 2 Amendment No. 1 to CSC No. 59137 Fagade Improvement Program Reimbursement Agreement with North Acre Partners, LLC FORT WORTH Routing and Transmittal Slip Neighborhood Services Department DOCUMENT TITLE: Facade Imarovement Proaram Reimbursement Aareement between Citv of Fort Worth and North Acre Partners. LLC M&C G-17804 M&C G-17892 M&C G-19052 DATE: TO: 1. Sarah Odle 2. Chad LaRoque 3. Kacey Bess 4. Jessika Williams 5. Fernando Costa CPN 6. Jannette S Goodall 7. Allison Tidwell CSO # DOC# INITIALS DATE OUT S'aNA1610e)le- Sep 6, 2024 Sarah Odle (Sep 6, 2024 09:34 CDT) Chad Lagoque (Sep ,202410:66 CDT) Sep 10, 2024 K" Sep 11, 2024 w Sep 11, 2024 �— Sep 11, 2024 Sep 11, 2024 DOCUMENTS FOR CITY MANAGER'S SIGNTURE: All documents received from any and all City Departments requesting City Manager's signature for approval MUST BE ROUTED TO THE APPROPRIATE ACM for approval first. Once the ACM has signed the routing slip, David will review and take the next steps. NEEDS TO BE NOTARIZED: ❑ Yes X No RUSH: ❑ Yes ❑ No SAME DAY: ❑ Yes ❑ No NEXT DAY: ❑Yes X No ROUTING TO CSO: XYes ❑ No Action Required: ❑ As Requested ❑ For Your Information X Signature/Routing and or Recording ❑ Comment ❑ File ❑ Attach Signature, Initial and Notary Tabs ❑ Attach Signature