HomeMy WebLinkAbout052337-A5 - Construction-Related - Contract - AIL Investment, L.P., Hillwood Alliance Residential, L.P., and Hillwood Multifamily Land, L.P.CSCO No. ____________
Transportation Impact Fee Credit Agreement-CA-17-012 A5 Page 1 of 5
Alliance Town Center North 10/27/2025
TRANSPORTION IMPACT FEE CREDIT AGREEMENT AMENDMENT
AMENDMENT NO. 5
TO CITY SECRETARY CONTRACT NO. 52337
WHEREAS, the City of Fort Worth (“City”) and AIL Investment, L.P., a Texas limited
partnership ("AIL"), Hillwood Alliance Residential, L.P., a Texas limited partnership ("HAR"), and
Hillwood Multifamily Land, LP, a Texas limited partnership ("HML") (AIL, HAR and HML being
collectively referred to herein as "Owner") made and entered into a Transportation Impact Fee Credit
Agreement, City Secretary Contract No. 52337 (the "Agreement"); and
WHEREAS, Amendment No. 1 (City Secretary Contract No. 52337-A1) to reallocate certain
credits was executed on October 14, 2019; and
WHEREAS, Amendment No. 2 (City Secretary Contract No. 52337-A2) to reallocate certain
credits was executed on May 6, 2020; and
WHEREAS, Amendment No. 3 (City Secretary Contract No. 52337-A3) to reallocate certain
credits was executed on September 25, 2020; and
WHEREAS, Amendment No. 4 (City Secretary Contract No. 52337-A4) to reallocate certain
credits was executed on October 4, 2021; and
WHEREAS, it has become necessary to execute this Amendment No. 5 to said Agreement
to reallocate certain credits and replace Exhibit “C”with Exhibit “C-1”and replace Exhibit “F-4”
with Exhibit “F-5”attached to this Amendment No. 5,
NOW THEREFORE, City and Owner, acting herein by and through their duly authorized
representatives, enter into the following agreement that amends the Agreement:
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. Exhibits
Exhibit “C” to the Agreement shall be replaced with the Exhibit “C-1” attached hereto and
incorporated herein by this reference.
Exhibit “F-4” to the Agreement shall be replaced with the Exhibit “F-5”attached hereto and
incorporated herein by this reference.
3.
All other provisions of the Agreement which are not expressly amended herein shall remain in full
force and effect.
(Remainder of Page Intentionally Left Blank)
Transportation Impact Fee Credit Agreement-CA-17-012 A5 Page 2 of 5
Alliance Town Center North 10/27/2025
IN WITNESS WHEREOF, the undersigned parties have executed this Agreement to be
effective as of the date subscribed by the City’s designated Assistant City Manager.
CITY OF FORT WORTH, TEXAS
_______________________________
Jesica McEachren
Assistant City Manager
Date: _________________
Recommended By:
_______________________________
D.J. Harrell
Director, Development Services
Approved as to Form and Legality:
_______________________________
Douglas Black
Assistant City Attorney
M&C: None required
Form 1295: None required
ATTEST:
_______________________________
Jannette Goodall
City Secretary
OWNER:
AIL Investment, L.P.,
a Texas limited partnership
By: AIL GP, LLC,
a Texas limited liability company,
its general partner
By:
Eric Elrod
Senior Vice President
Hillwood Alliance Residential, L.P.,
a Texas limited partnership
By: Hillwood Operating, L.P.,
a Texas limited partnership,
its general partner
By: Hillwood Services GP, LLC,
a Texas limited liability company,
its general partner
By:
Eric Elrod
Senior Vice President
Hillwood Multifamily Land, LP,
a Texas limited partnership
By: Hillwood Multifamily Land GP, LLC,
a Texas limited liability company,
its general partner
By:
Mark McHenry
Senior Managing Director
Transportation Impact Fee Credit Agreement-CA-17-012 A5 Page 3 of 5
Alliance Town Center North 10/27/2025
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.
_______________________________
Jennifer H. Roberts
Assistant Director, Development Services
Department
Transportation Impact Fee Credit Agreement-CA-17-012 A5 Page 4 of 5
Alliance Town Center North 10/27/2025
EXHIBIT C-1
Transportation Impact Fee Credit Agreement-CA-17-012 A5 Page 5 of 5
Alliance Town Center North 10/27/2025
EXHIBIT “F-5”
All credits remaining shall be allocated by HML on a first-come, first-served basis within the
boundaries of the tracts identified as part of the Development Plan as depicted on Exhibit “C-1”
and this Exhibit “F-5”; provided, however, that no development within the property shall have
the right to utilize credits under this agreement unless HML (without the need for joinder by any
other owner) submits to the city a written request or notice approving the use of credits for the
applicable development.