HomeMy WebLinkAboutContract 63491CSCO NO.63491
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 NEC 287/Bonds Ranch, Ltd., a Texas limited partnership 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 a portion of approximately 64.4659 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 a portion 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 C; 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's predecessor -in -interest, LRM-PTM Partners, L.P., a Texas limited
partnership ("LRM") conveyed to Owner all right, title and interest to any Transportation Impact
Fee credits that LRM was owed by the City on account of a donation of that portion of the Property
owned by LRM to the City for a right-of-way for E. Bonds Ranch Road; and
WHEREAS, Owner sold a portion of the Property to Dillon Companies, LLC ("Dillon")
pursuant to that certain Special Warranty Deed recorded as Instrument D218126992, on 6/12/2018,
Transportation Impact Fee Credit Agreement- CA 24-014 OFFICIAL RECORD page 1 of 15
Bonds Ranch Marketplace CITY SECRETARY 03/24/2025
FT. WORTH, TX
and Owner and Dillon have entered into an agreement regarding the allocation of Transportation
Impact Fee credits received by Owner related to that Dillon's portion of the Property that was
dedicated as a right-of-way; and
WHEREAS, Owner, Dillon, and LRM have 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 Bonds Ranch
Marketplace, PP-15-019, on 09/01/2015 and
WHEREAS, the Owner, Dillon, and LRM have dedicated 52,781.65 square feet of right-
of-way for E. Bonds Ranch Road with FP-15-074, recorded as Instrument D218278521, on
12/21/2018; and
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. Phasiniz. 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).
Transportation Impact Fee Credit Agreement- CA 24-014 Page 2 of 15
Bonds Ranch Marketplace 03/24/2025
6. Term and Effective Date. The term of this Agreement shall be ten (10) years from
its Effective Date.
7. Assi2nment. 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
obligations assigned) in accordance with this Agreement. Each Owner's Assignee shall become a
Parry 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)
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Bonds Ranch Marketplace 03/24/2025
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: 06/18/2025
Recommended By:
Z;�
Dalton Harrellijun 3, 202515:53 CDT)
DJ Harrell
Director, Development Services
Approved as to Form and Legality:
Douglas Black (Jun 5, 2025 17:10 CDT)
Douglas Black
Assistant City Attorney
M&C: None required
Form 1295: None required
ATTEST: nnn
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Jannette Goodall
City Secretary
OWNER
NEC 287Bonds Ranch, Ltd.
a Texas Limited Partnership
By: Weitzman Management Corporation,
d.b.a. Weitzman, its agent
David C. Palmer
Executive Vice President
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.
a
nifer Ro erts (May 29, 202514:19 CDT)
Jennifer H. Roberts
Assistant Director, Development Services
Department
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
Transportation Impact Fee Credit Agreement- CA 24-014 Page 4 of 15
Bonds Ranch Marketplace 03/24/2025
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
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Bonds Ranch Marketplace 03/24/2025
EXHIBIT A
Description of Property: Bonds Ranch Marketplace Preliminary Plat, PP-15-019
WHEREAS, LRM PTM PARTNERS, LP., IS THE OWNER OF ALL THAT CERTAIN
LOT, TRACT OR PARCEL OF LAND OUT OF THE HENRY ROBERTSON SURVEY,
ABSTRACT NO. 1259, CITY OF FORT WORTH, TARRANT COUNTY, TEXAS AND
BEING A PORTION OF 45.623 ACRE TRACT OF LAND CALLED TRACT 1 AND ALL OF
17.586 ACRE TRACT OF LAND CALLED TRACT 2 AS DESCRIBED IN DEED TO
LRM PTM PARTNERS, L.P. AS RECORDED IN COUNTY CLERK'S FILE NO.
D213065552 OF THE DEED RECORDS OF TARRANT COUNTY, TEXAS,AND ALSO
BEING A PORTION OF A 4.206 ACRE RIGHT—OF—WAY EASEMENT CONVEYED TO
THE CITY OF FORT WORTH, TEXAS, BY DEED AND RECORDED IN COUNTY
CLERK'S FILE NO. D208058362 OF THE DEED RECORDS OF TARRANT COUNTY,
TEXAS, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS
AS FOLLOWS:
BEGINNING AT A 5/8' IRON ROD FOUND FOR CORNER AT THE INTERSECTION OF
THE EASTERLY RIGHT-OF-WAY LINE OF U.S. HIGHWAY NO.287 9VARIABLE
WIDTH RIGHT-OF-WAY) WITH THE NORTH RIGHT-OF-WAY LINE OF E. BONDS
RANCH ROAD, (CALLED 86' RIGHT—OF—WAY), (HICKS ROAD), (COUNTY ROAD
4005), SAID POINT BEING THE MOST SOUTHERLY SOUTHWEST CORNER OF SAID
17.586 ACRE LRM PTM PARTNERS, L.P. TRACT;
THENCE NORTH 65" 44' 16" WEST AND DEPARTING THE NORTH RIGHT—OF—WAY
LINE OF SAID E. BONDS RANCH ROAD, (CALLED B6' RIGHT—OF—WAY), (HICKS
ROAD), (COUNTY ROAD 4005) AND FOLLOWING ALONG THE EASTERLY RIGHT—
OF—WAY LINE OF SAID U.S. HIGHWAY NO.287, FOR A DISTANCE OF 137.37 FEET
TO A TEXAS DEPARTMENT OF TRANSPORTATION MONUMENT FOUND FOR
CORNER;
THENCE NORTH 41" 47' 39" WEST AND CONTINUING ALONG THE EASTERLY
RIGHT—OF—WAY LINE OF SAID U.S. HIGHWAY NO.287 AND THE WEST LINE OF
SAID 17.586 ACRE LRM PTM PARTNERS, L.P. TRACT, FOR A DISTANCE OF 270.61
FEET TO A 5/8" IRON ROD FOUND FOR CORNER, SAID POINT BEING THE
BEGINNING OF A NON —TANGENT CURVE TO THE LEFT HAVING A RADIUS OF
11659.16 FEET WITH A CENTRAL ANGLE OF 0 1 " 23' 52" AND A CHORD BEARING
NORTH 42' 33' 53" WEST AT A DISTANCE OF 284.40 FEET:
NORTHWESTERLY AND FOLLOWING ALONG SAID NON —TANGENT CURVE TO
THE LEFT AND ALONG THE EASTERLY RIGHT—OF—WAY LINE OF SAID U.S.
HIGHWAY NO.287 AND THE WEST LINE OF SAID 17.586 ACRE LRM—PTM
PARTNERS, L.P. TRACT, FOR AN ARC DISTANCE OF 284.41 FEET TO A 5/8" IRON
ROD FOUND FOR CORNER, SAID POINT BEING THE MOST SOUTHWESTERLY
CORNER OF SAID 17.586 ACRE LRM PTM PARTNERS, L.P. TRACT, AND THE MOST
SOUTHERLY CORNER OF A 75.732 ACRE TRACT OF LAND DESCRIBED IN DEED TO
THE CITY OF FORT WORTH, TEXAS, AS RECORDED IN COUNTY CLERK'S FILE NO.
Transportation Impact Fee Credit Agreement- CA-24-014 Page 6 of 15
Bonds Ranch Marketplace 03/24/2025
D212309201 OF THE DEED RECORDS OF TARRANT COUNTY, TEXAS, AND THE
SOUTHERLY CORNER OF LOT 1, BLOCK 1 OF HIGHLAND MEADOWS ADDITION, AN
ADDITION TO THE CITY OF FORT WORTH, TARRANT COUNTY, TEXAS,
ACCORDING TO THE PLAT THEREOF RECORDED IN COUNTY CLERK'S FILE NO.
D212306375 OF THE PLAT RECORDS OF TARRANT COUNTY, TEXAS;
THENCE NORTH 03" 21 ' 50" EAST DEPARTING THE EASTERLY RIGHT—OF—
WAY LINE OF SAID U.S. HIGHWAY NO. 287 AND FOLLOWING ALONG THE
COMMON LINES OF SAID 17.586 ACRE LRM PTM PARTNERS, L.P. TRACT,
75.732 ACRE CITY OF FORT WORTH TRACT, AND THE SOUTHERLY LINE OF
LOT 1, BLOCK 1 OF SAID HIGHLAND MEADOWS ADDITION FOR A DISTANCE
OF 185.14 FEET TO A 5/8" IRON ROD FOUND FOR CORNER:
THENCE NORTH 46" 07' 06" EAST CONTINUING ALONG SAID COMMON LINE
FOR A DISTANCE OF 444.73 FEET TO A 5/8" IRON ROD FOUND FOR CORNER;
THENCE NORTH 86" 53' 38" EAST CONTINUING ALONG SAID COMMON LINE FOR
A DISTANCE OF 537.33 FEET TO AN "X" FOUND IN CONCRETE FOR THE
SOUTHWEST CORNER OF THE INTERSECTION OF THE SOUTH RIGHT—OF—WAY
LINE OF HILLSHIRE DRIVE (60' RIGHT—OF—WAY), WITH THE WEST LINE OF
SHIRE MEADOW DRIVE, (60' RIGHT—OF—WAY), SAID POINT BEING THE
NORTHEAST CORNER OF SAID 17.586 ACRE LRM— PTM PARTNERS, L.P. TRACT,
AND A COMMON SOUTHWESTERLY CORNER OF SAID 75.732 ACRE CITY OF FORT
WORTH TRACT AND 4.206 CITY OF FORT WORTH RIGHT OF WAY EASEMENT
TRACT;
THENCE SOUTH 00" 20' 18" WEST DEPARTING THE SOUTH RIGHT—OF—WAY
LINE OF SAID HILLSHIRE DRIVE AND FOLLOWING ALONG THE COMMON LINE
OF SAID 75.732 ACRE CITY OF FORT WORTH TRACT AND THE EAST LINE OF
AFORESAID 17.5857 ACRE LRM-PTM PARTNERS, L.P. TRACT, AND THE COMMON
WEST LTNE OF SATD SHTRE MEADOW DRIVE AND SAID 4.206 ACRE CITY OF
FORT WORTH RIGHT—OF—WAY EASEMENT FOR A DISTANCE OF 106.30 FEET
TO A 5/8" IRON ROD FOUND FOR CORNER, -
THENCE SOUTH 89" 39' 42" EAST ACROSS SAID SHIRE MEADOWS DRIVE FOR A
DISTANCE OF 60.00 FEET TO A 5/8' TRON ROD FOUND FOR CORNER. SATD POTNT
BETNG TN THE COMMON LTNE OF SAID 75.732 ACRE CTTY OF FORT WORTH
TRACT AND THE WEST LINE OF AFORESAID 45.623 ACRE LRM PTM
PARTNERS, L.P. TRACT, AND THE COMMON EAST LINE OF SAID SHIRE
MEADOW DRIVE AND SAID 4.206 ACRE CITY OF FORT WORTH RIGHT—OF—
WAY EASEMENT;
THENCE NORTH 00" 20' 18" EAST ALONG SAID COMMON LINE FOR A DISTANCE OF
109.92 FEET TO AN "X" FOUND IN CONCRETE FOR THE SOUTHEAST CORNER OF
THE INTERSECTION OF THE SOUTH RIGHT—OF—WAY LINE OF HILLSHIRE DRIVE
(60' RIGHT—OF—WAY), WITH THE EAST LINE OF SHIRE MEADOW DRIVE, (60'
RIGHT—OF—WAY), SAID POINT BEING THE NORTHWEST CORNER OF 45.623 ACRE
TRACT OF LAND CALLED TRACT 1 AS DESCRIBED IN DEED TO LRM PTM
Transportation Impact Fee Credit Agreement- CA-24-014 Page 7 of 15
Bonds Ranch Marketplace 03/24/2025
PARTNERS, L.P. AND RECORDED IN COUNTY CLERK'S FILE NO. D213065552 OF THE
DEED RECORDS OF TARRANT COUNTY, TEXAS, AND A SOUTHEASTERLY CORNER
OF SAID 75.732 ACRE CITY OF FORT WORTH TRACT AND 4.206 CITY OF FORT
WORTH RIGHT OF WAY EASEMENT TRACT;
THENCE NORTH 86" 53' 38" EAST DEPARTING THE EAST LINE OF SAID SHIRE
MEADOWS DRIVE ALONG THE NORTH LINE OF AFORESAID 45.623 ACRE LRM—
PTM PARTNERS, L.P. TRACT, AND THE COMMON SOUTH LINE OF SAID
HILLSHIRE DRIVE AND SAID 4.206 ACRE CITY OF FORT WORTH RIGHT—OF—WAY
EASEMENT FOR A DISTANCE OF 105.18 FEET TO A 5/8" IRON ROD FOUND AT AN
ANGLE POINT;
THENCE SOUTH 89" 5l' 06" EAST CONTINUING ALONG SAID COMMON LINE FOR A
DISTANCE OF 450.20 FEET TO A 5/8" IRON ROD FOUND FOR THE BEGINNING OF A
TANGENT CURVE TO THE LEFT HAVING A RADIUS OF 480.00 FEET WITH A
CENTRAL ANGLE OF 31" 31 ' 42" AND A CHORD BEARING NORTH 74"
23' 03" EAST AT A DISTANCE OF 260.81 FEET;
NORTHEASTERLY ALONG SATD COMMON LINE AND SATD TANGENT CURVE TO
TGE LEFT FOR AN ARC DISTANCE OF 264.13 FEET TO A 5/8' TRON ROD STET FOR
THE BEGNMNG OF A REVERSE CURVE TO THE RGHT HAVNG A RADIUS OF 570.00
FEET WITH A CENTRAL ANGLE OF 3 1 " 3l' 42" AND A CHORD BEARING NORTH
74" 23' 03" EAST AT A DISTANCE OF 309.71 FEET;
NORTHEASTERLY CONTINUING ALONG SAID COMMON LINE AND SAID REVERSE
CURVE TO THE RIGHT FOR AN ARC DISTANCE OF 313.66 FEET TO A 5/8" IRON ROD
FOUND FOR CORNER;
THENCE SOUTH 89' 51 ' 06" EAST CONTINUING ALONG SAID COMMON
LINE FOR A DISTANCE OF 292.25 FEET TO A 5/8" IRON ROD FOUND FOR
THE BEGINNING OF A TANGENT CURVE TO THE RIGHT HAVING A RADIUS OF
1170.00 FEET WITH A CENTRAL ANGLE OF 07' 24' 07" AND A CHORD BEARING
SOUTH 86' 09' 02" EAST AT A DISTANCE OF 151.05 FEET,
SOUTHEASTERLY CONTTNUTNG ALONG SATD COMMON LTNE AND SATD
TANGENT CURVE TO THE RTGHT FOR AN ARC DISTANCE OF 151.15 FEET TO A 5/8"
IRON ROD FOUND FOR THE BEGINNING OF A REVERSE CURVE TO THE LEFT
HAVING A RADTUS OF 1230.00 FEET WTTH A CENTRAL ANGLE OF 07' 24' 07' AND A
CHORD BEARING SOUTH 86' 09' 02" EAST AT A DISTANCE OF 158.79 FEET;
SOUTHEASTERLY CONTINUING ALONG SAID COMMON LINE AND SAID REVERSE
CURVE TO THE LEFT FOR AN ARC DISTANCE OF 158.90 FEET TO A 5/8" IRON ROD
FOUND FOR CORNER;
THENCE SOUTH 89' 51' 06" EAST CONTINUING ALONG SAID COMMON LINE FOR A
DISTANCE OF 199.80 FEET TO A 5/8" IRON ROD FOUND FOR A POINT FOR CORNER,
SAID POINT BEING AT THE INTERSECTION OF THE SOUTH LINE OF SAID
Transportation Impact Fee Credit Agreement- CA-24-014 Page 8 of 15
Bonds Ranch Marketplace 03/24/2025
HTLLSHTRE DRTVE WITH THE WEST LTNE OF BLUE MOUND ROAD (120' RIGHT-
OF-WAY), SAME BEING THE NORTHEAST CORNER OF AFORESAID 45.623 ACRE
LRM—PTM PARTNERS, L.P. TRACT;
THENCE SOUTH 00" 20' 10" WEST ALONG THE WEST LINE OF SAID BLUE
MOUND ROAD (120' RIGHT—OF—WAY), AND THE EAST LINE OF AFORESAID
45.623 ACRE LRM— PTM PARTNERS, L.P. TRACT FOR A DISTANCE OF 1140.09
FEET TO A 5/8" IRON ROD FOUND FOR CORNER, SAID POINT BEING THE
NORTHWEST CORNER OF THE INTERSECTION OF THE WEST LINE OF SAID
BLUE MOUND ROAD (120' RIGHT—OF—WAY), WITH THE NORTH LINE OF SAID
EAST BONDS RANCH ROAD, (CALLED 86' RIGHT—OF—WAY), (HICKS ROAD),
(COUNTY ROAD 4005), SAME BEING THE SOUTHEAST CORNER OF AFORESAID
45.623 ACRE LRM PTM PARTNERS, L.P. TRACT;
THENCE NORTH 89' 43' 54" WEST ALONG THE COMMON LINE OF SAID NORTH
LINE OF E. BONDS RANCH ROAD, (CALLED 86' RIGHT—OF—WAY), (HICKS ROAD),
(COUNTY ROAD 4005), AND THE SOUTH LINE OF THE AFORESAID 45.623 ACRE
LRM—PTM PARTNERS, L.P. TRACT, AND THE SOUTH LINE OF SAID 17.5857 ACRE
LRM—PTM PARTNERS,
L.P. TRACT FOR A DISTANCE OF 2329.23 FEET TO THE POINT OF BEGINNING AND
CONTAINING 64.4659 ACRES OF LAND, MORE OR LESS.
Transportation Impact Fee Credit Agreement- CA-24-014 Page 9 of 15
Bonds Ranch Marketplace 03/24/2025
EXHIBIT B
Map of Property: Bonds Ranch Marketplace Preliminary Plat, PP-15-019
BOND RANCH
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Transportation Impact Fee Credit Agreement- CA-24-014 Page 10 of 15
Bonds Ranch Marketplace 03/24/2025
EXHIBIT C
Development Plan: Bonds Ranch Marketplace Preliminary Plat, PP-15-019
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Transportation Impact Fee Credit Agreement- CA-24-014 Page 11 of 15
Bonds Ranch Marketplace 03/24/2025
EXHIBIT D
Eligible Transportation Improvements
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' Eligible Transportation Improvements
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Impact Fees
®Development Plan Area
- Right -of -Way Dedication /
. ..• -� Roadway Construction
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Eligible Improvements Reference # Limits
E. Bonds Ranch Road FP-15-074 Right -of -Way Dedication
Transportation Impact Fee Credit Agreement- CA-24-014
Bonds Ranch Marketplace
Page 12 of 15
03/24/2025
EXHIBIT E
Credits Against Transportation Impact Fees
E. Bonds Ranch Road
Transportation Impact Fee Credit Overview
Value of ROW Dedication
Instrument # Final Plat # Eligible Arterial Value
D218278521 FP-15-074 E. Bonds Ranch Road $452,866.56
ROW Transportation Impact Fee Credit $452,866.56
Total Transportation Impact Fee Credit $452,866.56
Transportation Impact Fee Credit Agreement- CA-24-014 Page 13 of 15
Bonds Ranch Marketplace 03/24/2025
Right -of -Way Valuation for Bonds Ranch Marketplace
Valuation Method 1 - Percentage of TIP Project Cost
Eligible Arterial
2022 Transportation Improvements Plan Project Number
Estimated Construction Costs from 2022 Transportation
Improvements Plan
Value of Total Project Right -of -Way (20% of Construction
Cost)
Total Project Length (LF)
Arterial Cross -Section Width (LF)
Additional ROW needed for Roundabout (SF)
Total Project Right -of -Way (SF)
Right -of -Way Value Per Square Foot
Valuation Method 2 - Percentage of Construction Project
Cost
Eligible Arterial
City Project Number
Final Construction Costs from Notice of Completion (Green
Sheet)
Value of Total Project Right -of -Way (20% of Construction
Cost)
Total Project Right -of -Way (SF)
Right -of -Way Value Per Square Foot
Valuation Method 3 - TAD appraised value
TAD Account
Total Area (SF)
Appraised Value
Value per Square Foot
Right -of -Way Dedication
Recording Instrument Number
Final Plat Number
Recording Date
Total area of ROW dedicated (SF)
Value per SF
ROW Credit Available
E. Bonds Ranch
Road
C-3
$11,264,302
$2,252,860
2020
130
0
262,600
$8.58
E. Bonds Ranch
Road
$0.00
E. Bonds Ranch
Road
42462216
352,836
$705,672.00
$2.00
E. Bonds Ranch
Road
D218278521
FP-15-074
12/20/2018
52,781.65
$8.58
$452,866.56
Transportation Impact Fee Credit Agreement- CA-24-014 Page 14 of 15
Bonds Ranch Marketplace 03/24/2025
EXHIBIT F
Allocation of Credits
Allocation of Credits shall be as listed below and then on a first-come/first-served basis within
the preliminary plat boundary of Bonds Ranch Marketplace Preliminary Plat, PP-15-019 and
shall run with the land
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Signature:�-
Email: Ronald.Gonzales@fortworthtexas.gov
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Signature:5
Email: allison.tidwell@fortworthtexas.gov
Transportation Impact Fee Credit Agreement- CA-24-014 Page 15 of 15
Bonds Ranch Marketplace 03/24/2025