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HomeMy WebLinkAboutContract 16383j , . , COMMUNITY FACILITIES AGREMENT CITY SECRET THE STATE OF TEXAS () CAN;r�AG COUNTY OF TARRANT () WHEREAS, White Settlement West/ Teslin Master Joint Venture, consisting of White Settlement West Joint Venture acting through Redwood Properties, Inc., Managing Venturer, Charles F. Stark, Vice President, and Te's)lin Investment Corp- oration, Joint Venturer, Arthur Tann, Attorney -in -Fact, hereinafter called "Developer", desires to make certain improvements to Live Oak Creek Waste Water Collection Facilities (Silver Ridge), an addition to the City of Fort Worth, Texas; and WHEREAS,the said Developer has requested the City of Fort Worth, a municipal corporation of Tarrant County, Texas hereinafter called "City", to do certain work in connection with said improvements; NOW, THEREFORE, KNOW ALL MEN BY THESE PRESENTS: That said Developer, acting herein by and through Charles F. Stark, Vice President, Redwood Properties, Inc., and Arthur Tann, Attorney -in -Fact, Teslin Investment Corporation, and the City, acting herein by and through David A. Ivory, its duly authorized Senior Assistant City Manager, for and in consider- ation of the covenants and agreements herein performed and to be performed, do hereby covenant and agree as follows, to -wit: _, LIVE OAK CREEK WASTEWATER COLLECTION FACILITIES WATER AND/OR SANITARY SEWER FACILITIES A. The City agrees to install, by contract or otherwise, or to permit the Developer to let a contract for, in accordance with its accepted practices, ordinances,• regulations, and the provisions of the City Charter, and subject to the requirements of the City's Policies and Regulations for Installation of Community Facilities, all as current at the time of installation: WATER FACILITIES to serve the lots as shown on the attached Exhibit N/A, and SANITARY SEWER FACILITIES to serve the lots as shown on the attached Exhibit A , all in accordance with plans and specifications to be prepared by the Engineering Division of the Water Department, or by private engineers employed by the Developer and approved by the Water Department. B. The City agrees to install, at Developer's expense, at the time all other water mains in this addition are installed, a service line for each lot as shown on the attached Exhibit N A• The estimated cost of these service lines is $ None The City agrees to record the location of each said service line in respect to the corner of the lot served, and to repair said records in its possession. C. The construction cost of the water facilities herein concerned, exclusive of service lines and engineering is estimated to be Dollars ($ None )• D. The City agrees to install, at Developer's expense, at the time all other sanitary sewer mains in this addition are installed, a service line for each lot as shown on the attached Exhibit A The estimated cost of these service lines is $ None The City agrees to record the location of each said service line in respect to the corner of the lot served, and to retain said records in its possession. E. The construction cost of the sanitary sewer facilities to be installed hereunder, exclusive of service lines and engineering, is estimated to be One Million Six Hundred Fifty Dollars ($1,650.850 )• Thousand Eight Hundred Fifty F. Prior to the award of the construction contract by the City, or the commencing of any work by the City or its contractors, if the Developer does not award his own contract, the Developer agrees to pay to the City: (1) (a) One hundred percent (100%) of the cost of all water and sanitary sewer facilities within the development, exclusive of engineering and service costs, through the 8-inch size, including the costs of larger sized facilities adjusted to 8-inch size costs; and (b) One hundred percent (100%) of the cost of all approach water main facilities outside the limits of the development through the 16-inch size, including the costs of larger sized facilities adjusted to 16-inch size costs, less ten percent (10%) of the calculated front foot charges for lots contained in the development served by such approach water main facilities; and 1-1 Live Oak Creek Wastewater Collection Facilities (c) One hundred percent (100%) of the cost of all Approach sanitary sewer facilities outside the limits of ,the „ development through the 24-inch size, including the costs of larger sized facilities adjusted to 24-inch size costs, less ten percent (10%) of the calculated front foot charges for lots contained in the development serviced by such approach sanitary sewer facilities. (2) An additional ten percent (10%) of the total of the Developer's cost of these water and sanitary sewer facilities, exclusive of cost of service lines, for design engineering, if such engineering is performed by the City. This charge will be waived if private engineers employed by the Developer and approved by the Water Department perform the design engineering. (3) One hundred percent (100%) of the cost of all service lines, estimated under 1-B and 1-D above, in accordance with the provisions of the current Fort Worth City Code. G. The distribution of estimated construction cost between the City and the Developer, as per paragraph 1-F above, for all water and sanitary sewer facilities to be constructed hereunder is estimated as follows: (1) Water Facilities: (a) Mains: Within Development Approach (b) Services ( None ) Sub -Totals, Water (2) Sanitary Sewer Facilities: (a) Mains: Within Development Approach (b) Services ( None ) Sub -Totals, Sewers Grand Totals 1-2 Estimated Developer Estimated Total Cost City Cos{ Cost -0- -0- -0- -0- -0- -0-1 -0- -0- -0- -0- -0- -0- -0- -0- -0- * $927,850 $723,444 $1,650,850 -0- -0- -0- $927,850 $723,000 $1,650,850 $927,850 $723.000 $12650,850 COST BREAKDOWN LIVE OAK CREEK WASTEWATER COLLECTION FACILITIES (SILVER RIDGE APPROACH SEWER) (NOTE) * Cost Breakdown between City and Developer Developer's Cost Live Oak Creek Intercepter Sewer $770,600 (16,850 L.F. of 12" thru 24" sewer) Live Oak Creek Lift Station Silver Creek Rd. 16" Force Main (City to pay 100%) 18"/21" Gravity Line Connection to White Settlement Sewer Line (City to pay 100%) $157,250 none none $927,850 City Cost none none $386,000 $337,000 $723,000 Total Cost $770,600 $157,250 $386,000 $337,000 $1,650,850 1-3 Live Oak Creek Wastewater Collection Facilities H. The above charges do not .include any "per connection" charges for con- nection to existing or proposed sanitary sewer mains constructed or to be constructed under the provisions of the "APPROACH MAIN OPTION" as described in Sub -Paragraph (3), IV-7 of. the Policies and Regulations for "INSTALLATION OF COMMUNITY FACILITIES" adopted January 1, 1972. These additional charges are as followst Not applicable to this Contracts Applicable to this Contract in the amount of by Ordinance No. dated When water facilities are installed by contract, installation of water services will be included as part of the contract. Installation of meter boxes on those services may be done by the City, after comple- tion of construction of all relative curb and gutter work on the water facilities project site, at a cost of $70/$135 per contract-instalted service, such meter box installation charge to be due and payable prior to issuance of a Work Order on the water facilities installation contract. The above charges do not apply if the Developer elects to include meter box installation as part of the contract. However, meter boxes must conform to City standards. I. Within a reasonable time after completion of the above referenced facilities to be constructed by the City or by contract awarded by the City or by the Developer, the City and Developer agree to an adjust- ment of. the Developer's payment as set out in 1-F and 1-G hereinabove, so as to conform said payment to actual construction costs and actual service costs under the provisions of the current Fort Worth City Code, (said adjustment to be calculated as payment in 1-F and/or 1-G above), but based on actual quantities as reflected in the final esti- mate paid to the Contractor by the City or by the Developer, and/or in the event any portion of the facilities are installed by City forces, on the actual records of cost, kept by the City as a part of its cus- tomary procedures. In the event the difference in the deposit and the actual costs exceeds $25, Developer agrees to pay to the City any underpayment which said adjustment might indicate as being due, and the City agrees to pay to Developer any overpayment. J. Work hereunder shall be completed within two (2) years from date hereof, and it is understood that any obligation on the part of the City to make any refunds with respect to water and/or sanitary sewer facilities shall cease upon the expiration of two (2) years from date hereof, except for refunds due from "per connection charges" on sani- tary sewers and from "front foot charges" on water mains, both of which refunds may continue to be made for a period of ten (10) years after the date hereof, as elsewhere provided herein. In the event water and/or sanitary sewer facilities work is not completed with the two (2) year period, City may, at its election, complete such work at Developer's expense. 1-4 Live Oak Creek Wastewater Collection Facilities It is ,further agreed and understood that any additional payment required of Developer is to cover only such additional work and/ or materials as may be made necessary by conditions encountered during construction, and shall not include any change in scope of the project• RECOMMENDED: Richa d W. Sawey, Director Water Department Date: 3 )2z19S -r 1-5 II STREET AND STORM DRAINAGE LIVE OAK CREEK WASTEWATER COLLECTION FACILITIES There is no paving or storm drainage in this project. Transportation and Public Works Department will not require a Community Facilities Contract. JKGary L. Santerre, P.E., Director JTransportation and Public Works III STREET LIGHTS No street lights will be required in this contract. YLLtAl l kj '-Z LIVE OAK CREEK ary L. Santerre, Director of Transportation/ WASTEWATER COLLECTION FACILITIES Public Works FORT WORTH, TEXAS 1-12-88 IV STREET NAME SIGNS No street name signs will be required in this contract. LIVE OAK CREEK zGary L. Santerre, P.C. WASTEWATER COLLECTION FACILITIES Director of Transportation and Public Works FORT WORTH, TEXAS 1-12-88 V GENERAL 'REQUIREMENTS A. It is agreed and understood by the parties hereto that the developer shall employ a civil engineer, licensed to practice in the State of Texas, for the design and preparation of plans and specifications for the construction of all facilities covered by this contract, subject to Paragraph B. B. For any project estimated to cost less than $10,000 or for any pro- ject designed to serve a single lot or tract, the developer may at his option request the city to provide the design engineering, and if such request is granted the developer shall pay to the City an amount equal to 10 percent of the final construction cost of such project. C. In the event the developer employs his own engineer to prepare plans and specifications for any or all facilities, the plans and specifi- cations so prepared shall be subject to approval by the department having jurisdiction. One (1) reproducible set of plans with 15 prints and 35 specifications for each facility shall be furnished the department having jurisdiction. It is agreed and understood that in the event of any disagreement on the plans and specifications, the decision of the Public Works Director, Transportation Director, and/or Water Department Director will be final. D. It is further agreed and understood by the parties hereto that upon acceptance by the City, title to all facilities and improvements men- tioned hereinabove shall be vested at all times in the City of Fort Worth, and developer hereby relinquishes any right, title, or interest in and to said facilities or any part hereof. E. The life of this contract shall be two (2) years and it is understood that any obligation on the part of the City to make any refunds here- under shall cease upon the expiration of two (2) years from, the date of execution of this contract, except for refunds due from "per con- nection charges" on sanitary sewer and from "front foot charges" on water mains, both of which refunds may continue to be made for a period of ten (10) years; provided, that if the construction under the Community Facilities contract shall have started within the two- year period, the life of the Community Facilities contract shall be extended for an additional one-year period. Community Facility Contracts not completed within the time periods stated above will require renewal of the contract with all up -dated agreements being in compliance with the policies in effect at that time. Developers must recognize that City funds may not be available to pay all or a por- tion of the normal City share for renewal contracts. It must be understood by all parties to the Community Facilities contract that any of the facilities or requirements included in the contract that are to be performed by the developer but not performed by the devel- oper within the time periods stated above, may be completed by the City at the developer's expense, and the City of Fort Worth shall not be obligated to make any refunds due to the developer on any facili- ties constructed under this agreement until all provisions of the agreement are fulfilled. V-1 F. Performance and•Ppayment Bonds, certificates of deposit, irrevocable letters of credit and/or cash deposit are required for streets, storm drains and street lights, and must be submitted prior to execution of the contract for installation of community facilities by the City. The bonds should be standard performance and payment bonds as provided by a licensed surety company (on forms provided by that surety company); a cash deposit may be made into the Treasury of the City of Fort Worth; or a certificate of deposit or irrevocable letter of credit may be from any financial institution in the Fort Worth/Dallas Metroplex which is insured by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation. The City of Fort Worth cannot pay interest on any deposit made hereunder in the Treasury of the City of Fort Worth. (a) The developer shall execute four (4) copies of letter assigning the deposit to the City of Fort Worth and providing for the City to withdraw the deposit if necessary to complete construction or on account of any default by the Developer of any terms or conditions contained in this agree- ment. Such letter of assignment must be accepted in writing by the financial institu- tion. (b) Upon satisfactory completion of the facilities, the City of Fort Worth shall reassign the deposit to the developer, including accrued interest or dividends thereon, upon express order of the City Manager. 1. When the option is exercised to provide a certificate of deposit in a financial institution, the following terms and conditions shall apply: (a) The developer shall execute four (4) copies of letters assigning the deposit to the City of Fort Worth. Such letter of assignment must be accepted in writing by the financial institu- t ion. (b) Upon satisfactory completion of the facilities, the City of Fort Worth shall reassign the depos- it to the developer, including accrued interest or dividends thereon, express under order of the City Manager. 2. When the option is exercised to provide an irrevocable letter of credit from an authorized financial institu- tion, the form of the letter shall be approved by the Department of Law. The international letter of credit form used by banks is normally acceptable. 3. Performance and Payment Bonds, certificates of deposit, letters of credit or cash deposits will be furnished in the amount as required below: v-2 (a) 100 percent of the estimated developer's share of the cost of the 'storm drain. (b) 100 percent of the estimated developer's share of the cost of streets. (c) 100 percent of the estimated developer's share of the cost of the street lights. (d) A cash payment of the developer's share of the cost of the project is required prior to initia- tion of construction of water and sanitary sewer facilities. (e) A cash deposit, Performance and Payment Bonds or Letter of Credit acceptable to the City for the developers cost of paving a border street on an assessment basis (Reference Section VI, Item 3, Development Procedures Manual). 4. For construction of water and/or sanitary sewer facili- ties, a certificate of deposit, irrevocable letter of credit, or cash deposit (providing for partial draw- ings), in the name of the City, shall be furnished to the City as set out below: (a) Where the developer lets the contract, 100 per- cent of the estimated contract cost of construc- tion, as stated in the construction contract, is required simultaneous with execution of the con- struction contract; or, (b) Where the City lets the contract, 100 percent of the developer's share of the construction con- tract cost is required prior to issuance of a work order by the City. 5. (a) Performance and Payment Bonds, Letters of Credit, Certificates of Deposit, and cash depos- its furnished hereunder shall be for the pur- poses of guaranteeing satisfactory compliance by the Developer with all requirements, terms and conditions of this agreement, including, but not limited to, the satisfactory completion of the improvements prescribed herein, and the making of payments to any person, firm, corporation or other entity with whom the Developer has a direct contractual relationship for the perform- ance of work hereunder. (b) Developer shall keep said Performance and Payment Bonds, Letters of Credit, Certificates of Deposit, and/or cash deposits in full force and effect until such time as Developer has fully complied with the terms and conditions of V-3 this agreement, and failure to keep same in force and effect shall constitute a breach of this agreement. In this connection, all Letters of Credit fur- nished hereunder shall be renewed annually in the amounts designated by the City, and the renewed Letter of Credit shall be delivered to the City on or before the tenth (loth) day prior to the date of expiration of the then existing Letter of Credit. If Developer fails to deliver the renewed Letter of Credit to the City within the time prescribed herein, such failure shall constitute a breach of this agreement and shall be a basis for the City to draw on all or any portion of the then existing Letter of Credit. G. This contract, any part hereof, or any interest herein shall not be assigned by developer without written consent of the City Manager, and it is further agreed that such written consent will not be granted for the assignment, transfer, pledge and/or conveyance of any refunds due or to become due to developer except that such assign- ment, transfer, pledge and/or conveyance shall be for the full amount of the total of all such refunds due or to become due hereunder. H. On all facilities included in this agreement for which the developer awards his own construction contract, the developer agrees to follow the following procedures: (1) If the City participates in the cost of the facilities, the construction contract must be awarded after adver- tising in a local newspaper at least one time not less than two weeks to the date of receipt of sealed bids as required by State statutes prescribing regulations for contracts for public work. The sealed bids must be opened in the presence of a representative of the City. (2) To employ a construction contractor who is approved by the Director of the Department having jurisdiction over the facility to be so constructed, said contractor to meet City's requirements for being insured, licensed and bonded to do work in public streets, and to be qualified in all respects to bid on public projects of a similar nature. (3) To require the contractor to furnish to the City pay- ment, performance and maintenance bonds in the name of the City for 100 percent of the contract price of the facility, said bonds to be furnished before work is commenced. To further require the contractor to pro- vide public liability insurance. (4) To give 48 hours notice to the department having juris- diction of intent to commence construction of the facility that inspection personnel will be available; v-4 and to require the contractor, to allow the construction to be' subject to inspection at any and all times by City inspection forces, and not to install any sanitary sewer, storm drain, or water pipe unless a responsible City inspector is present and gives his consent to pro- ceed, and to make such laboratory tests of materials being used as may be required by the City. (5) To secure approval by the Director of the department having jurisdiction of any and all partial and final payments to the contractor, said approval is made, in accordance with requirements of this agreement, and is not to constitute approval of the quantities of which payment is based. (6) To delay conncetions of buildings to service lines of sewer and water mains constructed under this contract until said sewer and water mains and service lines have been completed to the satisfaction of the Water Department. (7) It is expressly understood by and between the developer and the City of Fort Worth, that in the event the developer elects to award one single construction con- tract for storm drainage and pavement, shall be sepa- rated in the bidding and City participation, if any, shall be limited to the lowest possible combination of bids as if each of the above were awarded as separate contracts. (8) To comply with all requirements concerning improvements set forth in this agreement, including, but not limited to, any person, firm, corporation or other entity with whom the Developer has a direct contractual relation- ship of the performance of the work hereunder. I. Anything to the contrary herein notwithstanding, for and in conside- ration of the promises and the covenants herein made by the City, the Developer covenants and agrees as follows: (1) The Developer shall make separate elections with regard to water and/or sanitary sewer facilities, storm drain- age, street improvements and street lights as to whe- ther the work prescribed herein shall be performed by the City, its Contractor, or by the Developer's Contractor. Each separate election shall be made in writing and delivered to City no later than six (6) months prior to the expiration of this agreement. In the event any of such separate elections has not been so made and delivered to City by such date, it shall be conclusively presumed that the Developer has elected that such work be performed by the City in accordance with all of the terms of this agreement, and in particular Paragraph V-F hereof. V-5 (2) Irrespective. of any such election and whether the work is to be performed by the City; its Contractor or by the Developer's Contractor, the Developer covenants and agrees to deliver to the City a performance bond or a cash deposit in lieu thereof in accordance with the provisions of Paragraph V-F of this agreement. (3) In addition to the bond or deposit required in the pre- ceding paragraph, in the event Developer elects that the work be performed by the City, or its Contractor, or such election is presumed as provided above, the Developer covenants and agrees to pay to the City his share of the estimated construction costs. The amount of such estimated payment shall be computed as set out in Section I hereof, based upon the lowest responsible bid for such work as determined by City, or upon a cost estimated to be performed by City forces prepared by the City, as appropriate, and shall be subject to adjustment to actual costs upon final completion of the subject. Such estimated payment shall be made promptly upon demand by City, it being contemplated that such payment will be made after the receipt of bids for work but in every case prior to the award of any construc- tion contract, unless otherwise specifically set out herein. (4) Developer further covenants and agrees to, and by these presents does hereby fully indemnify, hold harmless and defend the City, its officers, agents and employees from all claims, suits or causes of action of any nature whatsoever, whether real or asserted, brought for or on account of any injuries or damages to persons of property, including death, resulting from, or in any way connected with, this agreement or the construction of the improvements or facilities described herein; and in addition the Developer covenants to indemnify, hold harmless and defend the City, its officers, agents and employees from and against all claims, suits, or causes or action or any nature whatsoever brought for, or on account of any injuries or damages to persons or prop- erty, including death, resulting from any failure to properly safeguard the work or an account of any act, intentional or otherwise, neglect or misconduct of the Developer, its Contractors, Subcontractors, agents or employees. (5) Developer covenants and agrees that it discriminates against no individual involving employment as prohi- bited by the terms of Ordinance No. 7278 (as amended by Ordinance No. 7400), and ordinance prohibiting discrim- ination in employment practice because of race, creed, color, religion, national origin (except for illegal aliens), sex or age, unless sex or age is a bonafide occupational qualification. Developer further cove- nants and agrees that no labor organization, V-6 subcontractor or employment agency, either furnishing or referring applicants to such developer, nor any agent of developer is discriminating against any indi- vidual involving employment as pro- hibited by the terms of such Ordinance No. 7278 (as amended by Ordinance No. 7400). J. The attached Exhibits A, Appendix "A" and Location Map are made a part hereof for all intents and purposes. K. Venue of any action brought hereafter shall be in Fort Worth, Tarrant County, Texas. L. The City's "Policy for the Installation of Community Facilities," as adopted by the City Council on January 7, 1986, is hereby incorpo- rated herein by reference, and Developer covenants and agrees to comply with said Policy. V-7 IN TESTIMONY I•T.HEREOF, the City of Fort Worth has caused this instrument to be executed in quadruplicate in its name and on its behalf by its City Manager, attested by its City Secretary with the corporate seal of the City affixed, and said Developer has executed this ns rument in quadrup te, at Fort Worth, Texas this day of , 19e":�g. ATTEST: i� Ruth Howard City Secretary APPROVED AS TO FORM AND LEGALITY: - W. -94 William W. Wood Deputy City Attorney (/- /W /-�' Cont rac Authorization Date Date: M CITY OF FORT WORTH, TEXAS By: Z� -4 - David A. Ivory Senior Assistant 64ty Manager DEVELOPER: White Settlement West/ Teslin Master Joint Venture By Charles F. Stark, Vice President Redwood Properties, Inc. Managing Venturer, White Settlement West Joint Venture By: XW-IL tcL �-4 Arthur Tann, Attorney -in -Fact Teslin Investment Corporation Joint Venturer ATTEST: By: APPENDIX "A" COST ESTIMATE SUMMARY PROJECT Live Oak Creek Waste Water Collection Facilities (Silver Ridge) PERFORMANCE CONTRACT SECTION DEVELOPER CITY TOTAL GUARANTY Section I Water $ -0- $ -0- $ -0- $ -0- Sewer 927,850 723,000 1,650,850 Section II 1. Interior Streets -0- Construction N/A N/A N/A Design Eng. Eng. & Admin. 2. Storm Drains -0- Construction N/A N/A N/A Design Eng. Eng. & Admin. 3. Border Streets (Assessment Paving) -0- Construction Streets N/A N/A N/A Storm Drains Design Eng. Assessment Admin. Eng. & Admin. Section III Street Lights N/A N/A N/A -0- Section IV Street Name Sign N/A N/A N/A -0- TOTAL $ 927,850 $ 723,000 $ 1,650,850 $ * Developer shall deposit 100% of approved bid. A `�\1 i laa=a=evea:glvaaaaeaaaavtaSeaf taelace■ae].aata a a a a a aaL■v■eat m TELINE r„ ---� N r r l M m D M Z m ( < No m ., O e_ 1fa.m.�> mMm000 I JI >I m ;K c•' t'Jw� . ' . vim' --_ ._ �.. i \/� mto Milo' ( \t I/ 1C n S N110 J m � � �1\•\'\ ` ��! ���\-' •I, � 4 �' o � it .J i �•`�w �i 1 \ BOO i l \` %\ I' I 0, ll /� •°• l / LANDINGlci7Rl.. Q MxO m C V, z \�i'f \ _q m ___ - — 1 _- so -i D ` -- -'-- -''--- - - - -- - -C<n< - �On �D -r• _ o Z l ml rri f— - ~7MC,_-'(^''I:Jk ,o... ��p_. Mzm � •. I' iTi.l l�, . Ali '� � m ��.•.:� r-; 'I a tl. ° 'I �'i.��.•t;'.:'i�~•d' a I;1 I I, HBO EXHIBIT .. A.. ,Fj.•t� � � t•I11•�'.w. .•��. •,••e .� �� I, m � 01�I^ff. 0-4 • i �. \ • .II •r tlY�•••'YIIL• `,i '-•I « i,i 1 I p } .. GENERAL LOCATION MAP LIVE OAK CREEK WASTEWATER COLLFCTION FACILITIES (SILVER RIDGE) REDWOOD PROPERTIES•INC. April 7, 1988 Mr. Bill Wood City Attorney'sOff ice City of Fort Worth 1000 Throckmorton Fort Worth, TX 76102 Re: Live Oak Creek Wastewater Collection Facilities M&C C-10897 Mr. Wood: Enclosed are the following documents you requested regarding execution of the Community Facilities contract for the above referenced project. 1. Joint Venture Resolution 2, Teslin Investments power -of -attorney for Arthur Tan Please let me know if there is anything else you need. Sincerely, REDWOOD PROPERTIES, INC, Chuck Stark Vice President/ Development CS/br cc: Mr. Jack Tuomey 307 West 7th Street • Suite 1800 • Fort Worth, TX 76102 817/429-6406 4950 Westgrove Drive • Suite 105 • Dallas, TX 75248 214/250-2666 • FAX 214/250-2668 UNANIMOUS CONSENT OF THE JOINT VENTURERS OF WHITE SETTLEMENT WEST/rESLIN MASTER JOINT VENTURE The undersigned, being all of joint venturers (the "Joint Venturers") of WHITE SETTLEMENT WEST/TESLIN MASTER JOINT VENTURE, a Texas joint venture (the "Joint Venture"), hereby give unanimous written consent to the adoption of, and do hereby adopt, the following resolutions, which resolutions shall be deemed to have been approved and adopted to the same extent and to have the same force and effect as if adopted at a formal meeting of the Joint Venturers of the Joint Venture duly called and held for the purpose of transacting the business of the Joint Venture: RESOLVED, that the Joint Venturers of the Joint Venture hereby specifically approve and authorize Charles F. Stark and Arthur L. Tan to enter into the necessary agreements and execute the appropriate documents with the City of Fort Worth, Texas ("City"), for construction of subdivision improvements relative to (i) LIVE OAK CREEK WASTE WATER COLLECTION FACILITIES and (ii) SILVER RIDGE ADDITION PHASE I, SECTION 1, including, but not limited to execution of the respective Community Facilities Agreements and appearance in front of the City on behalf of the Joint Venture. oil EXECUTED this the �� day of 1988. WHITE SETTLEMENT WEST JOINT VENTURE, a Texas joint venture By: REDWOOD PROPERTIES, INC., a joint venturer B y : CALIFORNIA-TEXAS PROPERTIES, INC., a Texas corporation TESLIN INVESTMENT CORPORATION, N.V., a Netherland Antilles corporation LIM THE STATE OF TEXAS COUNTY OF TARRANT A Arthur L. Tan, Attorney -in -Fact BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, on this day personally appeared JEFFORY D. BLACKARD, known to me to be the President of REDWOOD PROPERTIES, INC., a Texas corporation, and on his oath swore to me that said corporation is one of the joint venturers in WHITE SETTLEMENT WEST JOINT VENTURE, a Texas joint venture, and said joint venture is one of the joint venturers in WHITE SETTLEMENT WEST/TESLIN MASTER JOINT VENTURE, a Texas joint venture, that he is duly authorized to execute the Resolution for and on behalf of the corporation, as its act and deed in its capacity as a joint venturer in said venture, and for the purposes and consideration therein expressed. .,�}u , GIVEN UNDER MY HAND AND SEAL OF OFFICE on this the o�`'I day of 1988. tary Public, Stat of Texas My Commission Expires: Deborah Rae House 5-7-89 (Printed or Typed Name of Notary) THE STATE OF TEXAS COUNTY OF TARRANT BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, on this day personally appeared JAMES J. BRADY, known to me to be the Vice President of CALIFORNIA-TEXAS PROPERTIES, INC., a Texas corporation, and on his oath swore to me that said corporation is one of the joint venturers in WHITE SETTLEMENT WEST/TESLIN MASTER JOINT VENTURE, a Texas joint venture, that he is duly authorized to execute the Resolution for and on behalf of the corporation, as its act and deed in its capacity as a joint venturer in said venture, and for the purposes and consideration therein expressed. GIVEN UNDER MY HAND AND SEAL OF OFFICE on this the 9 day o f r�i?�?!i;;•., BARBARA E. DAVIS ` Notary Public • : s • STATE OF TEXAS •••;�r! �i .��o,� My Comm. Exp. Apr. 9, 1991 My ommission Expires: THE STATE OF TEXAS COUNTY OF TARRANT Notary Public, State of Texas E DAUIS (Printed or Typed Name of Notary) BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, on this day personally appeared ARTHUR L. TAN, known to me to be the Attorney -in -Fact of TESLIN INVESTMENT, INC., a Netherland Antilles, Inc., corporation, and on his oath swore to me that said corporation is one of the joint venturers in WHITE SETTLEMENT WEST/TESLIN MASTER JOINT VENTURE, a Texas joint venture, that he is duly authorized to execute the Resolution for and on behalf of the corporation, as its act and deed in its capacity as a joint venturer in said venture, and for the purposes and consideration therein expressed. GI UNDER MY HAND AND SEAL OF OFFICE on this the ` day o f V ILZ 1988. No ary Public, State df Texas My Commission Expires: Deborah Rae House 5-7-89 (Printed or Typed Name of Notary) CERTIFIED COPY OF RESOLUTION OF THE BOARD OF DIRECTORS OF TESLIN INVESTMENT CORPORATION N.V. RESOLVED that the Secretary of the Corporation be and is hereby authorized to execute all documents and take such action as said secretary may deem reasonable and necessary in relation to the Teslin/Cambridge Tarrant County Joint Venture and to take all actions and proceedings as may be reasonable and necessary to insure all aspects in respect thereof and without limiting the generality of the foregoing to execute on behalf and affix the seal of the Corporation to contracts of sale and purchase, deeds of trust, warranty deeds, escrow agreements, closing statements and other instruments of conveyance, transfer and charge pertaining thereto. FURTHER RESOLVED that Vivencio R. Manzano III or Arthur L. Tan each with authority to act independently of the other either acting without joinder of the other, are hereby nominated, constituted and appointed Attorneys -in -Fact for the Corporation in its name, place and stead to execute all documents and take such action as said Attorneys -in -Fact may deem reasonable and necessary in relating to the Teslin/Cambridge Tarrant County Joint Venture. FURTHER RESOLVED that the Power of Attorney shall be continuing unless otherwise revoked in writing. CERTIFIED a true and exact copy of the Resolution of the Corp- oration adopted at a meeting of the Board of- Directors of TESLIN INVESTMENT CORPORATION N.V. on them th day of July 1987 eon ee, Secretary REDWOOD PROPERTIES•INC. April 19, 1988 Mr. Bill Wood City Attorney's Office City of Fort Worth 1000 Throckmorton Fort. Worth, TX 76102 Re: Execution of Community Facilities Agrements, Silver Ridge Addition Mr. Wood: Enclosed is the secretary's certificate for Teslin Investment Corporation designating Arthur Tan as their authorized representative in all matters relative to the Silver Ridge project. I believe this completes the documents necessary for execution of the Live Oak Creek Sewer Facilities C. F. A.. If there is anything else, please let me know. Sincerely, REDWOOD PROPERTIES, INC. Chuck Stark Vice President/Development CS/br cc: Jack Tuomey 307 West 7th Street • Suite 1800 • Fort Worth, TX 76102 817/429-6406 4950 Westgrove Drive • Suite 105 • Dallas, TX 75248 214/250-2666 • FAX 214/250-2668 SECRETARY'S CERTIFICATE THE STATE OF TEXAS § COUNTY OF DALLAS § 1, G /C��fU ZW , Secretary of TESLIN INVESTMENT CORPORATION, N.V. ("Corporation"), a Netherlands Antilles corporation, certify t at by Unanimous Consent of the Directors of the Corporation dated .C� 1988, the following resolutions were unanimously adopted: RESOLVED: That the Board of Directors of the Corporation hereby specifically approves and authorizes the execution of that certain Community Facilities Agreement with the City of Fort Worth covering certain community facilities in the Silver Ridge Subdivision, Tarrant County, Texas; and RESOLVED FURTHER: That the Community Facilities Agreement in substantially the form this day presented to the Directors is hereby approved for execution by the Corporation, and the President, any Vice President of the Corporation, or Arthur Lim Tan, acting as an authorized representative of the Corporation, without the necessity of attestation by the Secretary or and Assistant Secretary or the affixture of a corporate seal, be, and each hereby is, authorized and directed to execute in his and/or her aforesaid capacity and on behalf of the Corporation the Community Facilities Agreement with such changes and amendments thereto as such officers may, in their discretion, approve as being reasonably appropriate to effectuate the intents and purposes of these resolutions; and RESOLVED FURTHER: That the President, any Vice President of the Corporation, or Arthur Lim Tan, acting as an authorized representative of the Corporation, without the necessity of attestation by the Secretary or any Assistant Secretary or the affixture of a corporate seal, be, and each hereby is, authorized and directed in his and/or her aforesaid capacity and on behalf of the Corporation, to execute all other documents, certificates, agreements, consents, receipts, waivers and notices of every kind whatsoever and to take any and all other action of any kind whatsoever as such officers may, in their discretion, approve as being reasonably appropriate to effectuate the intents and purposes of these resolutions, and any and all acts heretofore taken by the aforesaid officers on behalf of the Corporation to effectuate the intents and purposes of these resolutions are hereby ratified and confirmed as the acts and deeds of the Corporation. I do further certify that the foregoing resolutions have not been modified or rescinded and are still in full force and effect. TESLIN INVESTMENT CORPORATION, N.V. ,,By: �`� Sim n Dee, Secretary THE STATE OF TEXAS COUNTY O<-�k This instrument was acknowledged before me on/'Y 19��by N ary Public, Sta a of Texas My Commission Expires: (Printed or Typed Name of Notary) City of Fort Worth.- -'-rexas el Mayor and Council Communication ®AYE REVERENCE SUBJECT: CONTRACT FOR THE INSTALLATION PAGE 4/5/88 JNUMBER OF COMMUNITY FACILITIES e LIVE OAK 1of 2 C-10997 CREEK WASTEWATER COLLECTION FACILITIES (SILVER RIDGE) i Recomiiiendation It is recommended that: 1) The following bond fund transfer be approved: From To Amount Reason 56-014901-00 56-014007-00 $ 730,000 To provide funds for Unspecified Live Oak Creek City's cost of Wastewater construction. Collection Facilities (S'ilver Ridge) 2) The City Manager be authorized to reimburse the developer for the City's share of cost for sanitary sewer improvements upon satisfactory completion of the same; and 3) The City Manager be authorized to execute the Community Facilities Agreement with the developer, White Settlement West_/Teslin Master Joint Venture. White Settlement West/Teslin Master Joint Venture, consisting of White Settlement West Joint Venture, acting through Redwood Properties, Inc., Managing Venturer, and Teslin Investment Corporation, Joint Venturer, the developer of Live Oak Creek Wastewater Collection Facilities (Silver Ridge), has executed a proposed contract of community facilities to serve the area shown on the attached maps. The estimated cost of the community facilities is as follows and subject to actual bid price: Project Cost and Financing Developer City Total Sanitary Sewers $ 927,850 $ 723,000 $ 1,650,850 Total $ 927,850 $ 723,000 $ 1,650,850 Sanitary sewers will be installed in accordance with standard policies for the installation of community facilities. The contract includes City participation in the cost of sewer improvements. DATE REFERENCE SUBJECT: CONTRACT FOR THE INSTALLATION PAGE NUMBER 4/5/88 OF COMMUNITY FACILITIES - LIVE OAK _2or__-2 C-10897 (`DCCV LIACTCLIATCD r(ll I CrTTnht CAI (SILVER RIDGE) In order to provide sufficient funds for the City's share of the cost of inspection and improvements, a bond fund transfer is proposed from Sewer CIP Fund 56, Unspecified, Project No. 014901-00, in the amount of $730,000 (in which sufficient funds are available) to Sewer CIP Fund 56, Live Oak Creek Wastewater Collection Facilities (Silver Ridge), Project No. 014007-00. The expenditure will be made out of Index Code 656454. Plan Commission Approval On July 29, 1987, the City Plan Commission approved the Concept plat (C-87-6) for Silver Ridge Addition. DAI:wq SUBMITTED FOR THE CITY MANAGER'S OFFICE BY: ORIGINATING DEPARTMENT HEAD: APPROVED BY CITY COUNCIL APR 5 1988 9"'k 441-a, c117 s«Wwy Of th City at Fuse wa,-xb.. DISPOSITION BY COUNCIL: PROCESSED BY ❑ APPROVED ❑ OTHER (DESCRIBE) CITY SECRETARY FOR ADDITIONAL INFORMATION CONTACT: DATE