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HomeMy WebLinkAboutContract 58118-T1Date Received: Apr 7, 2025 Time Received: 9:11 a.m. City Secretary Contract No.: 58118-T1 TERMINATION OF CITY SECRETARY CONTRACT NUMBER 58118 A COMMUNITY FACILITIES AGREEMENT BETWEEN THE CITY OF FORT WORTH AND HILLWOOD ALLIANCE SERVICES, LLC This TERMINATION OF CITY SECRETARY CONTRACT NUMBER 58118 ("Termination"), is made and entered into by and between the City of Fort Worth ("City"), a home -rule municipal corporation of the State of Texas, acting by and through its duly authorized Assistant City Manager, and Hillwood Alliance Services, LLC ("Developer"), a Texas limited liability company, acting by and through its duly authorized representative. WHEREAS, City and Developer entered into a Community Facilities Agreement for the construction of public infrastructure Improvements for project known as Old Denton Road & Westport Parkway, City Project Number 104052, City Secretary Contract Number 58118 ("CFA"); and WHEREAS, after execution of the CFA, Developer did not proceed with construction of the Improvements; and WHEREAS, City and Developer desire to terminate the CFA, release the Developer's financial guarantee and refund fees paid minus any costs incurred by the City; NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, City and Developer agree as follows: 1. City Secretary Contract Number 58118 is hereby terminated. 2. Upon execution of this Termination, the City will refund to Developer the estimated material testing, water lab and inspection fees paid to the City in the amount of $52,445.00 and release the financial guarantee Developer provided to the City for the CFA. OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX TERMINATION OF CITY SECRETARY CONTRACT NUMBER 58118 Page 1 of 2 A COMMUNITY FACILITIES AGREEMENT BETWEEN THE CITY OF FORT WORTH AND HILLWOOD ALLIANCE SREVICES, LLC IN WITNESS WHEREOF, the City and Developer have executed this Termination to be effective on the date signed by the City's Assistant City Manager. CITY OF FORT WORTH DEVELOPER Hillwood Alliance Services, LLC � m-u-- Et'ic Elt-od Jesica McEachern Eric Elrod (Mar 28, 202512:56 CDT) Assistant City Manager Eric Elrod Senior Vice President Date: Apr 6, 2025 Date: Mar 28, 2025 Recommended by: 'Q)4r.W Dwayne Hollars Contract Compliance Specialist Development Services Approved as to Form & Legality: s Jackson Skinner Assistant City Attorney Contract Compliance Manager: By signing I acknowledge that I am the person M&C: N/A responsible for the monitoring and administration Form 1295: N/A o4vvan ppF fO .Uo of this contract, including ensuring all o°:o o�►�A performance and reporting requirements. ATTEST: 0,0°s aB� nEXogo'�p Rebecca Owen (Mar 28, 2025 12:59 CDT) Rebecca Owen Jannette Goodall Contract Compliance Specialist City Secretary OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX TERMINATION OF CITY SECRETARY CONTRACT NUMBER 58118 Page 2 of 2 A COMMUNITY FACILITIES AGREEMENT BETWEEN THE CITY OF FORT WORTH AND HILLWOOD ALLIANCE SREVICES, LLC