Loading...
HomeMy WebLinkAboutContract 63063-A1CSCO NO.63063-Al --------- TRANSPORTATION IMPACT FEE CREDIT AGREEMENT AMENDMENT AMENDMENT NO. 1 TO CITY SECRETARY CONTRACT NO. 63063 WHEREAS, the City of Fort Worth ("City"), a Texas home rule municipal corporation, and D.R. Horton-Texas, LTD, a State of Texas company authorized to do business in Texas ("Owner"), made and entered into a Transportation Impact Fee Credit Agreement, City Secretary Contract No. 63063 (the "Agreement") on 04/06/2025; and WHEREAS, the Owner received approval for construction plans (IPRC23-0047) on 10/16/2023, executed a Community Facilities Agreement (CFA23-0132, CSCO 60966) on 02/19/2024, and obtained final acceptance by the City for McCart Avenue, City Project Number 104657, on 05/07/2025; and WHEREAS, it has become necessary to execute this Amendment No. 1 to said Agreement to incorporate additional credits created by the final acceptance ofMcCart Avenue, City Project Number 104657, by supplementing Exhibit "E" with the Exhibit "E-1 "; 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.Exhibit "E" to the Agreement shall be supplemented by adding Exhibit "E-1", attached hereto and incorporated herein by this reference. All other provisions of Agreement which are not expressly modified herein shall remain in full force and effect. (Remainder of Page Intentionally Left Blank) Transportation Impact Fee Credit Agreement-CA-24-005 Al Hampton Tract Page 1 of 4 08/04/2025 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 McEachem Assistant City Manager D Sep 22, 2025 ate: ------------ Recommended By: Dalton Harrell (Sep 15, 2025 10:54:17 CDT) DJ Harrell Director, Development Services Approved as to Form and Legality: Douglas Black (Sep 19, 202516:24:45 CDT) Douglas Black Assistant City Attorney M&C: None required Form 1295: None required ATTEST: Jannette Goodall City Secretary OWNER D.R. Horton-Texas, LTD., a Texas limited partnership By: D.R. Horton, Inc., a Delaware Corporation, its authorized agent 1ho111as rreed Thomas Freed (Sep 11, 2025 08:47:46 CDT) Thomas Freed Assistant Secretary 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-24-005 Al Hampton Tract Page 2 of 4 08/04/2025 EXHIBIT LIST "E-1" Additional Credits Against Transportation Impact Fees Transportation Impact Fee Credit Agreement- CA-24-005 A1 Page 3 of 4 Hampton Tract 08/04/2025 EXHIBIT E-1 Additional Credits Against Transportation Impact Fees Hampton Tract Transportation Impact Fee Credit Overview Total Value of Community Facilities Agreement Construction Per Notice of Project Completion including any Change Order(s) City Secretary # Phase CSCO 60966-FP1 3 CSCO 60966-FP2 CFA # Eligible Arterial Value CFA23-0132 CPN 104657 IPRC23-0047 McCart Avenue Credit previously issued by CA-24-005, CSCO 63063 City Secretary # CFA # Eligible Arterial Phase 60966 3 CFA23-0132 CPN 104657 McCart Avenue IPRC23-0047 TOTAL TRANSPORTATION IMPACE FEE CREDIT ADDED BY THIS AMENDMENT Transportation Impact Fee Credit Agreement- CA-24-005 A1 Hampton Tract $417,123.93 Value -$321,133.45 �95,990.48 Page 4 of 4 08/04/2025