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HomeMy WebLinkAboutContract 63992-AD1{.00081808.1} ADDENDUM TO ESCROW AGREEMENT (Express CFA, CFA 25-0082, CPN 106126) THIS ADDENDUM TO ESCROWAGREEMENT (this “Addendum”) is incorporated into and made a part of that certain Escrow Agreement (the “Agreement”) by and between HPIMF Bonds Land MF1 DFW005 LP (“Developer”), the City of Fort Worth, a Texas home-rule municipal corporation (“Fort Worth”) and Heritage Title Company of Austin, Inc. (“Escrow Agent”), pertaining to that certain Community Facilities Agreement between Developer and Fort Worth for Bonds Ranch Multifamily Express CFA, CFA Number 25-0082, City Project Number 106126, IPRC Number 25-0020. Developer, Fort Worth and Escrow Agent hereby agree that email is an acceptable additional method of delivering notices to a party under the Agreement. Any email notice shall be sent to such party at its email address set forth below and shall be effective upon successful transmission. To Developer: HPIMF Bonds Land MF1 DFW005 LP Attn: Tim Shaughnessy Email: tim@hpitx.com To: Escrow Agent: Heritage Title Company of Austin, Inc. Attn: Conner Turner Email: cturner@heritage-title.com To: City of Fort Worth City of Fort Worth Attn: City Treasurer Email: treasuryrevenue@fortworthtexas.gov with a copy to: City of Fort Worth Attn: Contract Management Office Email: devcfa_projects@fortworthtexas.gov In the event of any conflict between the terms of this Addendum and those contained in the Agreement, the terms of this Addendum shall govern and control. [REMAINDER OF THIS PAGE INTENTIONALLY BLANK] {.00081808.1} 2 ACCORDINGLY, the City of Fort Worth, Developer and Escrow Agent have each caused this instrument to be executed in each entity’s respective name by its duly authorized signatories effective as of the date executed by the City Manager or his/her designee. CITY OF FORT WORTH Jesica McEachern Assistant City Manager Date: Approved at to Form & Legality: Richard A. McCracken Sr. Assistant City Attorney Date: ATTEST: Jannette Goodall City Secretary DEVELOPER HPIMF Bonds Land MF1 DFW005 LP By: HPIMF Bonds GP DFW010 LLC, its general partner Name: Tim Shaughnessy Title: Manager Date: _________________ ESCROW AGENT Heritage Title Company of Austin, Inc. Name: Conner Turner Title: Vice President/Counsel Date: _________________ 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. Kandice Merrick Development Manager