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HomeMy WebLinkAboutContract 63098Transportation Impact Fee Credit Agreement- CA-21-021 Page 1 of 18 Wayfare Multifamily-Cibolo Hills 03/28/2025 ________ 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 Wayfare Cibolo Hills LLC, a Delaware limited liability company authorized to do business in Texas (the “Owner”) (the City and the Owner a ”Party“, and collectively, the ”Parties”). RECITALS WHEREAS, the Owner is the owner of approximately 53.537 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, the Owner 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 E; 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 WHEREAS, Owner has agreed to dedicate the right-of-way and/or construct the transportation improvements shown on Exhibit “D” for which credits against transportation impact fees shall be granted; and WHEREAS, the Owner has received preliminary plat approval for Wayfare Multifamily, PP-21-034, on 09/21/2021; and Transportation Impact Fee Credit Agreement- CA-21-021 Page 2 of 18 Wayfare Multifamily-Cibolo Hills 03/28/2025 WHEREAS, the Owner has dedicated 150,901.10 square feet of right-of-way for Cibolo Hills Parkway with FP-21-150, recorded as Instrument D222054967, on 03/02/2022; and WHEREAS, the Owner has received approval for construction plans (IPRC21-0090) on 11/29/2021, and executed a Community Facilities Agreement (CFA21-0104, CSCO 57087), on 01/31/2022 and obtained final acceptance by the City for Cibolo Hills Parkway, City Project Number 103516, on 10/20/2023. 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 agrees to dedicate the rights-of-way for and/or construct the system facilities identified in Exhibit “D”. For any transportation improvement which has been previously dedicated or constructed by Owner 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 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 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 Owner and its assignee; and (b) the assignment incorporates this Agreement by reference and binds the Owner’s Assignee to perform (to the extent of the Transportation Impact Fee Credit Agreement- CA-21-021 Page 3 of 18 Wayfare Multifamily-Cibolo Hills 03/28/2025 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) Transportation Impact Fee Credit Agreement- CA-21-021 Page 4 of 18 Wayfare Multifamily-Cibolo Hills 03/28/2025 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 _______________________________ Jesica McEachern Assistant City Manager Date: Recommended By: DJ Harrell Director, Development Services Approved as to Form and Legality: Douglas Black Assistant City Attorney M&C: None required Form 1295: None required ATTEST: Jannette Goodall City Secretary OWNER Wayfare Cibolo Hills, LLC a Delaware limited liability company By: Wayfare Development Group – Cibolo Hills, LLC, Its: Manager H. Jackson Wallace Authorized Agent City 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-21-021 Page 5 of 18 Wayfare Multifamily-Cibolo Hills 03/28/2025 EXHIBIT LIST “A” Description of the Property “B” Map of Property “C” Development Plan “D” Eligible Transportation Improvements “E” Credits Against Transportation Impact Fees “F” Allocation of Credits Transportation Impact Fee Credit Agreement- CA-21-021 Page 6 of 18 Wayfare Multifamily-Cibolo Hills 03/28/2025 EXHIBIT A Description of Property: Wayfare Multifamily Preliminary Plat, PP-21-034 LEGAL DESCRIPTION DESCRIPTION FOR A TRACT OF LAND IN THE BENJAMIN THOMAS SURVEY, ABSTRACT NO. 1497, THE J.A. GILL SURVEY, ABSTRACT NO. 570, AND THE S.C.T. FORD SURVEY, ABSTRACT NO. 1497, TARRANT COUNTY, TEXAS, AND BEING A PORTION OF A CALLED 1027.711 ACRE TRACT OF LAND DESCRIBED IN A DEED TO CHAPEL HILL WEST, LLC, A TEXAS LIMITED LIABILITY COMPANY, ACCORDING TO THE DOCUMENT FILED OF RECORD IN INSTRUMENT NO. D218219521 OF THE DEED RECORDS OF TARRANT COUNTY, TEXAS (D.R.T.C.T.), AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING AT A 5/8 INCH IRON ROD FOUND FOR THE SOUTHERLY MOST SOUTHEAST CORNER OF SAID 1027.711 ACRE TRACT, SAME BEING THE SOUTHWEST CORNER OF LOT 2, BLOCK 1, OF THE CORRECTION PLAT OF EAGLE MOUNTAIN-SAGINAW MAINTENANCE AND TRANSPORTATION FACILITY ADDITION, AN ADDITION TO TARRANT COUNTY, TEXAS, ACCORDING TO THE PLAT FILED OF RECORD IN INSTRUMENT NO. D209031826 OF THE PLAT RECORDS OF TARRANT COUNTY, TEXAS (P.R.T.C.T.), SAME ALSO BEING ON THE NORTH LINE OF A CALLED 44.874 ACRE TRACT OF LAND DESCRIBED AS "TRACT 6" IN A DEED TO TEXAS ELECTRIC SERVICE COMPANY ACCORDING TO THE DOCUMENT FILED OF RECORD IN VOL. 2542, PG. 1 (D.R.T.C.T.); THENCE WITH THE COMMON LINE BETWEEN SAID 1027.711 ACRE TRACT AND SAID 44.874 ACRE TRACT, THE FOLLOWING BEARINGS AND DISTANCES: SOUTH 89°39'36" WEST, A DISTANCE OF 1086.06 FEET TO A 5/8 INCH IRON ROD WITH CAP STAMPED "PELOTON" SET; SOUTH 89°39'22" WEST, A DISTANCE OF 418.96 FEET TO A 5/8 INCH IRON ROD WITH CAP STAMPED "PELOTON" SET; THENCE LEAVING SAID COMMON LINE, OVER AND ACROSS SAID 1027.711 ACRE TRACT, THE FOLLOWING BEARINGS AND DISTANCES: NORTH 00°19'48" WEST, A DISTANCE OF 1248.00 FEET TO A 5/8 INCH IRON ROD WITH CAP STAMPED "PELOTON" SET AT THE BEGINNING OF A CURVE TO THE RIGHT HAVING A CENTRAL ANGLE OF 23°26'39", A RADIUS OF 1100.00 FEET, AND A LONG CHORD WHICH BEARS NORTH 79°18'31" EAST, 446.96 FEET; EASTERLY ALONG SAID CURVE TO THE RIGHT, PASSING AT A DISTANCE OF 333.52 FEET A 5/8 INCH IRON ROD WITH CAP STAMPED “PELOTON” FOUND FOR THE SOUTHWEST CORNER OF A CALLED 216.083 ACRE TRACT OF LAND DESCRIBED IN A DEED TO MERITAGE HOMES OF TEXAS, LLC, AND GRBK EDGEWOOD, LLC, ACCORDING TO THE DOCUMENT FILED OF RECORD IN INSTRUMENT NO. D219292876 (D.R.T.C.T.), CONTINUING WITH THE SOUTH LINE OF Transportation Impact Fee Credit Agreement- CA-21-021 Page 7 of 18 Wayfare Multifamily-Cibolo Hills 03/28/2025 SAID 216.083 ACRE TRACT FOR A TOTAL ARC DISTANCE OF 450.09 FEET TO A 5/8 INCH IRON ROD WITH CAP STAMPED “PELOTON” FOUND; THENCE CONTINUING WITH THE SOUTH LINE OF SAID 216.083 ACRE TRACT, THE FOLLOWING BEARINGS AND DISTANCES: SOUTH 88°58'46" EAST, A DISTANCE OF 500.00 FEET TO A 5/8 INCH IRON ROD WITH CAP STAMPED "PELOTON" FOUND AT THE BEGINNING OF A CURVE TO THE LEFT HAVING A CENTRAL ANGLE OF 43°20'47", A RADIUS OF 1100.00 FEET, AND A LONG CHORD WHICH BEARS NORTH 69°20'51" EAST, 812.49 FEET; EASTERLY AND NORTHEASTERLY ALONG SAID CURVE TO THE LEFT, AN ARC DISTANCE OF 832.19 FEET TO A 5/8 INCH IRON ROD WITH CAP STAMPED “PELOTON” FOUND; NORTH 47°40'27” EAST, A DISTANCE OF 250.00 FEET TO A 5/8 INCH IRON ROD WITH CAP STAMPED “PELOTON” FOUND AT THE BEGINNING OF A CURVE TO THE RIGHT, HAVING A CENTRAL ANGLE OF 19°57'22”, A RADIUS OF 1100.00 FEET, AND A LONG CHORD WHICH BEARS NORTH 57°39'08” EAST, 381.20 FEET; NORTHEASTERLY ALONG SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 383.13 FEET TO A 5/8 INCH IRON ROD WITH CAP STAMPED “PELOTON” FOUND; NORTH 67°37'49” EAST, A DISTANCE OF 316.78 FEET TO A 5/8 INCH IRON ROD WITH CAP STAMPED “PELOTON” FOUND ON THE SOUTHWESTERLY RIGHT-OF-WAY LINE OF SAGINAW BOULEVARD, A VARIABLE WIDTH RIGHT-OF-WAY; THENCE SOUTH 22°13'27” EAST, WITH SAID SOUTHWESTERLY RIGHT-OF-WAY LINE, A DISTANCE OF 55.00 FEET TO A 5/8 INCH IRON ROD WITH CAP STAMPED “PELOTON” SET; THENCE LEAVING SAID SOUTHWESTERLY RIGHT-OF-WAY LINE, OVER AND ACROSS SAID 1027.711 ACRE TRACT, THE FOLLOWING BEARINGS AND DISTANCES: SOUTH 67°37'49” WEST, 316.64 FEET TO A 5/8 INCH IRON ROD WITH CAP STAMPED “PELOTON” SET AT THE BEGINNING OF A CURVE TO THE LEFT HAVING A CENTRAL ANGLE OF 19°57'22”, A RADIUS OF 1045.00 FEET, AND A LONG CHORD WHICH BEARS SOUTH 57°39'08” WEST, 362.14 FEET; SOUTHWESTERLY ALONG SAID CURVE TO THE LEFT, AN ARC DISTANCE OF 363.97 FEET TO A 5/8 INCH IRON ROD WITH CAP STAMPED “PELOTON” SET; SOUTH 47°40'27” WEST, A DISTANCE OF 250.00 FEET TO A 5/8 INCH IRON ROD WITH CAP STAMPED “PELOTON” SET AT THE BEGINNING OF A CURVE TO THE RIGHT, HAVING A CENTRAL ANGLE OF 05°28'42”, A RADIUS OF 1155.00 FEET, AND A LONG CHORD WHICH BEARS SOUTH 50°24'48” WEST, 110.39 FEET; SOUTHWESTERLY ALONG SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 110.43 FEET TO A 5/8 INCH IRON ROD WITH CAP STAMPED “PELOTON” SET; SOUTH 82°10'21" EAST, A DISTANCE OF 248.00 FEET TO A 5/8 INCH IRON ROD WITH CAP STAMPED "PELOTON" SET; SOUTH 26°44'01” EAST, A DISTANCE OF 485.19 FEET TO A 5/8 INCH IRON ROD WITH CAP STAMPED “PELOTON” SET FOR A CORNER OF THIS TRACT; Transportation Impact Fee Credit Agreement- CA-21-021 Page 8 of 18 Wayfare Multifamily-Cibolo Hills 03/28/2025 SOUTH 00°16'43” EAST, A DISTANCE OF 60.27 FEET TO A 5/8 INCH IRON ROD WITH CAP STAMPED “PELOTON” SET ON THE NORTH LINE OF SAID EAGLE MOUNTAIN- SAGINAW ADDITION; THENCE WITH THE NORTH AND WEST LINE OF SAID EAGLE MOUNTAIN-SAGINAW ADDITION, THE FOLLOWING BEARINGS AND DISTANCES: SOUTH 89°42'13” WEST, A DISTANCE OF 596.33 FEET TO A 5/8 INCH IRON ROD FOUND FOR AN 'ELL' CORNER OF THIS TRACT, SAME BEING THE NORTHWEST CORNER OF SAID EAGLE MOUNTAIN-SAGINAW ADDITION; SOUTH 00°25'27” WEST, PASSING AT A DISTANCE OF 287.50 FEET THE COMMON CORNER OF LOT 1 AND LOT 2, BLOCK 1 OF SAID EAGLE MOUNTAIN-SAGINAW ADDITION, CONTINUING FOR A TOTAL DISTANCE OF 958.16 FEET TO THE POINT OF BEGINNING AND CONTAINING 53.537 ACRES (2,332,061 SQUARE FEET) OF LAND, MORE OR LESS Transportation Impact Fee Credit Agreement- CA-21-021 Page 9 of 18 Wayfare Multifamily-Cibolo Hills 03/28/2025 EXHIBIT B Map of Property: Wayfare Multifamily Preliminary Plat, PP-21-034 Transportation Impact Fee Credit Agreement- CA-21-021 Page 10 of 18 Wayfare Multifamily-Cibolo Hills 03/28/2025 EXHIBIT C Development Plan: Wayfare Multifamily Preliminary Plat, PP-21-034 Transportation Impact Fee Credit Agreement- CA-21-021 Page 11 of 18 Wayfare Multifamily-Cibolo Hills 03/28/2025 EXHIBIT D Eligible Transportation Improvements Wayfare Multifamily-Cibolo Hills Eligible Transportation Improvements for Credit against Transportation Impact Fees Key Development Plan Area Right-of-Way Dedication / Roadway Construction Eligible Improvements Reference # Limits Cibolo Hills Parkway FP-21-150 Right-of-way dedication for Cibolo Hills CFA21-0104 Cibolo Hills Parkway CPN 103516 IPRC21-0090 Construction paving, sidewalks, streetlights & drainage Transportation Impact Fee Credit Agreement- CA-21-021 Page 12 of 18 Wayfare Multifamily-Cibolo Hills 03/28/2025 EXHIBIT E Credits Against Transportation Impact Fees Wayfare Multifamily Transportation Impact Fee Credit Overview Value of ROW Dedication Instrument # Final Plat # Eligible Arterial Value D222054967 FP-21-150 Cibolo Hills Parkway $273,130.99 ROW Transportation Impact Fee Credit $273,130.99 TrIF Eligible Community Facilities Agreement Construction - 100% Eligible City Secretary # CFA # Eligible Arterial Value CFA21-0104 57087 CPN 103516 Cibolo Hills Parkway $1,945,958.69 IPRC21-0090 Total Transportation Impact Fee Eligible Community Facilities Agreement Value $1,945,958.69 Engineering, Surveying, and Material Testing = 20% of total eligible construction costs $389,191.74 Transportation Impact Fee Credit $2,608,281.42 Transportation Impact Fee Credit Applied to Date Value Building Permits 49 $546,039.00 Total Transportation Impact Fee Credit Remaining $2,062,242.42 Transportation Impact Fee Credit Agreement- CA-21-021 Page 13 of 18 Wayfare Multifamily-Cibolo Hills 03/28/2025 Right-of-Way Valuation for Wayfare Multifamily Valuation Method 1 - Percentage of TIP Project Cost Eligible Arterial Cibolo Hills 2017 Transportation Improvements Plan Project Number E-2 Estimated Construction Costs from 2022 Transportation Improvements Plan $1,904,325 Value of Total Project Right-of-Way (20% Construction Cost) $380,865 Total Project Length (LF) $5,825 Arterial Cross-Section Width (LF) $110 Additional ROW needed for Roundabout (SF) $0 Total Project Right-of-Way (SF) 640750 Right-of-Way Value Per Square Foot $0.60 Valuation Method 2 - Percentage of Construction Project Cost Eligible Arterial Cibolo Hills City Project Number 103516 Final Construction Costs from Notice of Completion (Green Sheet) 3587000 Value of Total Project Right-of-Way (20% Construction Cost) $717,400 Total Project Length (LF) 3610 Arterial Cross-Section Width (LF) 110 Additional ROW needed for Roundabout (SF) 0 Total Project Right-of-Way (SF) 397,100 Right-of-Way Value Per Square Foot $1.81 Valuation Method 3 - TAD appraised value TAD Value as of 08/9/2023 Cibolo Hills TAD Account 40473945 Total Area (SF) 2,554,358 Appraised Value $2,052,400.00 Value per Square Foot $0.81 Right-of-Way Dedication Cibolo Hills Recording Instrument Number D222054967 Final Plat Number FP-21-150 Recording Date 2/28/2022 Total area of ROW dedicated (SF) 150,901 Value per SF $1.81 ROW Credit Available $273,130.99 Transportation Impact Fee Credit Agreement- CA-21-021 Page 14 of 18 Wayfare Multifamily-Cibolo Hills 03/28/2025 Wayfare Multifamily Value of Eligible Community Facilities Agreement Construction, CPN 103516 Bidlist Item No. Description Unit Completed Quantity Eligible Quantity Unit Price Credit Available UNIT III: DRAINAGE IMPROVEMENTS 1 REMOVE RIP RAP EA 1,706 1,706 $ 2.06 $3,514.36 2 REMOVE HEADWALL/SET SY 1 1 $ 4,150.00 $4,150.00 3 LARGE STONE RIPRAP DRY LF 270 270 $ 90.00 $24,300.00 4 TRENCH SAFETY LF 2,621 2,621 $ 1.00 $2,621.00 5 21" RCP CLASS III LF 193 193 $ 56.00 $10,808.00 6 21" RCP CLASS IV LF 8 8 $ 66.00 $528.00 7 24" RCP CLASS III LF 1,280 1,280 $ 68.00 $87,040.00 8 30" RCP CLASS III LF 183 183 $ 125.00 $22,875.00 9 30" RCP CLASS IV LF 248 248 $ 135.00 $33,480.00 10 42" RCP CLASS III EA 339 339 $ 175.00 $59,325.00 11 7X3 BOX CULVERT EA 370 370 $ 475.00 $175,750.00 12 4' STORM JUNCTION BOX EA 9 9 $ 7,600.00 $68,400.00 13 5' STORM JUNCTION BOX CY 1 1 $ 9,500.00 $9,500.00 14 4' MANHOLE RISER EA 2 2 $ 6,500.00 $13,000.00 15 10' RECESSED CURB INLET EA 9 9 $ 5,100.00 $45,900.00 16 20' RECESSED CURB INLET EA 1 1 $ 8,100.00 $8,100.00 17 HEADWALL (CH-FW-O) (DIA=42 IN) EA 1 1 $ 6,200.00 $6,200.00 18 WINGWALL (PW-1) (HW=3FT) EA 1 1 $ 41,350.00 $41,350.00 TOTAL UNIT III: DRAINAGE IMPROVEMENTS $616,841.36 Transportation Impact Fee Credit Agreement- CA-21-021 Page 15 of 18 Wayfare Multifamily-Cibolo Hills 03/28/2025 UNIT IV: PAVING IMPROVEMENTS 1 REMOVE SIDEWALK SF 49 49 $ 1.00 $49.00 2 REMOVE CONC CURB & GUTTER LF 1,016 1,016 $ 12.00 $12,192.00 2 SITE CLEARING LS 1 1 $ 2,640.00 $2,640.00 3 UNCLASSIFIED EXCAVATION CY 12,656 12,656 $ 3.50 $44,296.00 4 EMBANKMENT BY PLAN CY 5,573 5,573 $ 3.00 $16,719.00 5 SWPPP 1 ACRE LS 1 1 $ 18,700.00 $18,700.00 6 LAREGE STONE RIPRAP DRY SY 24 24 $ 90.00 $2,160.00 7 HYDRATED LIME TN 179 179 $ 160.40 $28,711.60 8 8" LIME TREATMENT SY 8,530 8,530 $ 3.25 $27,722.50 9 4" CONC SIDEWALK SY 2,750 2,750 $ 55.13 $151,607.50 10 BARRIER FREE RAMP, TYPE R-1 EA 2 2 $ 1,942.50 $3,885.00 11 BARRIER FREE RAMP, TYPE P-1 EA 2 2 $ 1,942.50 $3,885.00 12 4" SLD PVMT MARKING HAS (W) LF 712 712 $ 1.33 $946.96 13 4" BRK PVMT MARKING HAS (W) LF 4,304 4,304 $ 1.33 $5,724.32 14 8" SLD PVMT MARKING HAS (W) LF 712 712 $ 2.65 $1,886.80 15 24" SLD PVMT MARKING HAE (W) LF 176 176 $ 16.10 $2,833.60 16 LANE LEGEND ARROW EA 8 8 $ 247.25 $1,978.00 17 LANE LEGEND ONLY EA 8 8 $ 287.50 $2,300.00 18 REFL RAISEDE MARKER TY II-C-R EA 108 108 $ 4.92 $531.36 19 6" TOPSOIL CY 650 650 $ 13.80 $8,970.00 20 SEEDING, HYDROMULCH SY 5,714 5,714 $ 1.17 $6,685.38 21 FURNISH/INSATLL ALUM SIGN GROUND MOUNT CITY STD. EA 12 12 $ 416.98 $5,003.76 22 REMOVE SIGN PANEL AND POST EA 1 1 $ 169.76 $169.76 23 TRAFFIC CONTROL MO 1 1 $ 3,750.00 $3,750.00 24 RAIL (HANDRAIL) (TY E) LF 108 108 $ 162.00 $17,496.00 Transportation Impact Fee Credit Agreement- CA-21-021 Page 16 of 18 Wayfare Multifamily-Cibolo Hills 03/28/2025 25 10.5" CONC PAVEMENT SY 7,793 7,793 $ 95.03 $740,568.79 26 10.5" COMMERCIAL DRIVE APPROACH EA 2 2 $ 22,575.00 $45,150.00 27 END OF ROAD BARRICADE EA 1 1 $ 914.25 $914.25 28 CURB RAMP AT CIBOLO HILLS PKWY AND BUS 287 EA 2 2 $ 1,942.50 $3,885.00 TOTAL UNIT IV: PAVING IMPROVEMENTS $1,161,361.58 UNIT V: STREET LIGHTING IMPROVEMENTS 1 2" CONDT PVC SCH 80 (T) LF 1105 1,105 $ 22.00 $24,310.00 2 RDWY ILLUM FOUNDATION TY 3,5,6, AND 8 EA 19 19 $ 1,600.00 $30,400.00 3 FURNISH/INSTALL RDWAY ILLUM TY 18 POLE EA 15 15 $ 2,555.00 $38,325.00 4 FURNISH/INSTALL TYPE 33A ARM EA 16 16 $ 479.00 $7,664.00 5 FURNISH/INSTALL LED LIGHTING FIXTURE (137 WATT ATB2) EA 16 16 $ 700.00 $11,200.00 6 RELOCATE STREET LIGHT POLE EA 4 4 $ 1,970.00 $7,880.00 7 GROUND BOX TYPE B W/APRON EA 19 19 $ 1,000.00 $19,000.00 8 RECONNECT CONDUCTOR EA 40 40 $ 155.00 $6,200.00 9 NO 10 INSULATED ELEC CONDR LF 2330 2,330 $ 1.55 $3,611.50 10 NO 6 INSULATED ELEC CONDR LF 6695 6,695 $ 2.65 $17,741.75 11 REMOVE EXISTING GROUND BOX EA 1 1 $ 400.00 $400.00 12 REMOVE EXISTING CONDUIT AND CONDUCTORS LF 890 890 $ 1.15 $1,023.50 TOTAL UNIT V: STREET LIGHTING IMPROVEMENTS $167,755.75 Bid Summary UNIT III: DRAINAGE IMPROVEMENTS $616,841.36 UNIT IV: PAVING IMPROVEMENTS $1,161,361.58 UNIT V: STREET LIGHTING IMPROVEMENTS $167,755.75 UNIT VI: TRAFFIC SIGNAL IMPROVEMENTS $0.00 VALUE OF CFA21-0104, CPN 103516 ELIGIBLE CONSTRUCTION SUBTOTAL $1,945,958.69 Transportation Impact Fee Credit Agreement- CA-21-021 Page 17 of 18 Wayfare Multifamily-Cibolo Hills 03/28/2025 Transportation Impact Fee Credit Applied to Date Number of Permits 49 Street No Street Permit No. Collection Rate 2424 Craftsman Ave PB22-07772 $8,472.00 2416 Craftsman Ave PB22-07773 $8,472.00 2408 Craftsman Ave PB22-07774 $8,472.00 2400 Craftsman Ave PB22-07775 $8,472.00 2501 Craftsman Ave PB22-07776 $8,472.00 2509 Craftsman Ave PB22-07777 $8,472.00 2517 Craftsman Ave PB22-07778 $8,472.00 2523 Craftsman Ave PB22-07780 $8,472.00 10256 Greenland Park PB22-07781 $8,472.00 10248 Greenland Park PB22-07782 $8,427.00 10208 Greenland Park PB22-07783 $8,427.00 10200 Greenland Park PB22-07786 $8,427.00 10208 Mantle St PB22-07787 $8,427.00 10212 Mantle St PB22-07788 $8,427.00 10216 Mantle St PB22-07790 $8,427.00 10220 Mantle St PB22-07792 $8,427.00 10225 Mantle St PB22-07793 $8,427.00 10229 Mantle St PB22-07794 $8,427.00 2425 Craftsman Ave PB22-07802 $12,708.00 2417 Craftsman Ave PB22-07804 $12,708.00 2401 Craftsman Ave PB22-07808 $12,708.00 2508 Craftsman Ave PB22-07811 $12,708.00 2500 Craftsman Ave PB22-07814 $12,708.00 2528 Craftsman Ave PB22-07816 $12,708.00 2536 Craftsman Ave PB22-07819 $12,708.00 2535 Craftsman Ave PB22-07821 $12,708.00 2541 Craftsman Ave PB22-07823 $12,708.00 10272 Greenland Park PB22-07826 $12,708.00 10264 Greenland Park PB22-07827 $12,708.00 10273 Greenland Park PB22-07831 $12,708.00 10265 Greenland Park PB22-07833 $12,708.00 10257 Greenland Park PB22-07835 $12,708.00 10249 Greenland Park PB22-07838 $12,708.00 10241 Greenland Park PB22-07840 $12,708.00 10233 Greenland Park PB22-07841 $12,708.00 10224 Greenland Park PB22-07842 $12,708.00 10216 Greenland Park PB22-07844 $12,708.00 10225 Greenland Park PB22-07846 $12,708.00 10217 Greenland Park PB22-07847 $12,708.00 10209 Greenland Park PB22-07848 $12,708.00 10201 Greenland Park PB22-07849 $12,708.00 10200 Mantle St PB22-07850 $12,708.00 10204 Mantle St PB22-07851 $12,708.00 10217 Mantle St PB22--07852 $12,708.00 10221 Mantle St PB22-07853 $12,708.00 10224 Mantle St PB22-07858 $12,708.00 10228 Mantle St PB22-07860 $12,708.00 10233 Mantle St PB22-07861 $12,708.00 10237 Mantle St PB22-07862 $12,708.00 Transportation Impact Fee Credit Applied to Date $546,039.00 Transportation Impact Fee Credit Agreement- CA-21-021 Page 18 of 18 Wayfare Multifamily-Cibolo Hills 03/28/2025 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 Wayfare Multifamily Preliminary Plat, PP-21-034 and shall run with the land.