HomeMy WebLinkAboutContract 55629-A1City Secretary Contract No.: ____________
Transportation Impact Fee Credit Agreement- CA-21-010 A1 Page 1 of 3
Southwest Basswood A1 2/20/2025
TRANSPORTATION IMPACT FEE CREDIT AGREEMENT AMENDMENT
AMENDMENT NO. 1
TO CITY SECRETARY CONTRACT NO. 55629
WHEREAS, the City of Fort Worth (“City”) and Southwest Basswood 35 LP, (“Owner”)
made and entered into a Transportation Impact Fee Credit Agreement, City Secretary Contract No.
55629 (the “Agreement”); and
WHEREAS, Owner desires to assign the Agreement to Westover Basswood Dos, LLC, a
Texas Limited Liability Corporation (“Assignee”), on behalf of itself and in its capacity as an owner
of the Southwest Basswood Subdivision property.
WHEREAS, Owner desires to transfer and assign to Assignee, Transportation Impact Fee
Credits in the amount of $22,573.00 which are allocated hereinafter to the Southwest Basswood
Subdivision property; and
WHEREAS, it has become necessary to execute this Amendment No. 1 to said Agreement
to reallocate certain credits and supplement Exhibit “F” with Exhibit “F-1”, attached to this
Amendment.
NOW THEREFORE, City and Owner, acting herein by and through their duly authorized
representatives, enter into the following agreement that amends the Agreement:
1.
Exhibit “F” to the Agreement shall be supplemented with the Exhibit “F-1” attached hereto
and incorporated herein by this reference.
2.
All other provisions of the Agreement which are not expressly amended herein shall remain
in full force and effect.
(Remainder of Page Intentionally Left Blank)
Transportation Impact Fee Credit Agreement- CA-21-010 A1 Page 2 of 3
Southwest Basswood A1 2/20/2025
IN WITNESS WHEREOF, the undersigned parties have executed this Agreement to be effective
as of the date subscribed by the City’s designated Assistant City Manager.
CITY OF FORT WORTH, TEXAS
_______________________________
Jesica McEachern
Assistant City Manager
Date: _________________
Recommended By:
D.J. Harrell
Director, Development Services
Approved as to Form and Legality:
Douglas Black
Assistant City Attorney
M&C: None required
ATTEST:
Jannette Goodall
City Secretary
OWNER
Southwest Basswood 35 LP,
a Texas Limited Partnership
W.A. “Andrew” Sandford, Manager
Date: __________________
ASSIGNEE
Westover Basswood Dos, LLC,
A Texas limited liability company
________________________
Sam Brous, Manager
Date: __________________
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
Jennifer H. Roberts
Assistant Director, Development Services
Department
Transportation Impact Fee Credit Agreement- CA-21-010 A1 Page 3 of 3
Southwest Basswood A1 2/20/2025
EXHIBIT F-1
Allocation of Credits
All credits remaining shall be allocated and assigned to Westover Basswood Dos, LLC