HomeMy WebLinkAboutContract 59107-T1Date Received: Apr 21, 2025
Time Received: 7:53 a.m.
City Secretary
Contract No.: 59107-T1
TERMINATION OF CITY SECRETARY CONTRACT NUMBER 59107
A COMMUNITY FACILITIES AGREEMENT
BETWEEN THE CITY OF FORT WORTH AND
SW FORT WORTH LAND, LLC
This TERMINATION OF CITY SECRETARY CONTRACT NUMBER 59107
("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 SW Fort Worth Land, 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 Stillwater Southgate
Industrial, City Project Number 104239, City Secretary Contract Number 59107 ("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:
City Secretary Contract Number 59107 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 $65,370.00 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 59107 Page 1 of 2
A COMMUNITY FACILITIES AGREEMENT
BETWEEN THE CITY OF FORT WORTH AND
SW FORT WORTH LAND, 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
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Jesica McEachern
Assistant City
Manager
Date: Apr 21, 2025
Recommendeedby:
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Dwayne Hollars
Contract Compliance Specialist
Development Services
Approved as to Form & Legality:
Jackson Skinner
Assistant City Attorney
M&C: N/A
Form 1295: N/A
ATTEST:
Jannette Goodall
City Secretary
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DEVELOPER
SW Fort Worth Land, LLC,
a Texas limited liability company
By: SW Fort Worth Land Manager, LLC,
a Texas limited liability company,
its manager
By: Stillwater Capital Investments, LLC,
a Texas limited liability company,
its manager
A,srdiy S6ter
Aaron Sherman (Apr 17, 2025 08:36 CDT)
Robert A. Sherman
President
Date: Apr 17, 2025
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.
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Rebecca Owen (Apr 17, 2025 08:54 CDT)
Rebecca Owen
Contract Compliance Specialist
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
TERMINATION OF CITY SECRETARY CONTRACT NUMBER 59107 Page 2 of 2
A COMMUNITY FACILITIES AGREEMENT
BETWEEN THE CITY OF FORT WORTH AND
SW FORT WORTH LAND, LLC