HomeMy WebLinkAbout063874-A1 - Construction-Related - Contract - PMB Ventana Developer South LLCDate Received: 02/23/2026 City Secretary
Time Received:
8:30 a.m.
contract lvo.: 63874-A1
FIRST AMENDMENT TO CITY SECRETARY CONTRACT NUMBER 63874
A COMMUNITY FACILITIES AGREEMENT BETWEEN
THE CITY OF FORT WORTH AND PMB VENTANA DEVELOPER SOUTH LLC
This FIRST AMENDMENT TO CITY SECRETARY CONTRACT NUMBER
63874 ("First Amendment") is made and entered into by and between the City of Fort Worth
("City"), a home-rule municipal corporation of the State of Texas, and PMB Ventana
Developer South LLC ("Developer"), a Texas limited liability company.
WHEREAS, the City and Developer entered into a Community Facilities Agreement
for the construction of public infrastructure improvements for a Project known as Ventana
Phase 8A, City Project Number 105985 ("CFA"); and
WHEREAS, City and Developer executed a Completion Agreement as the financial
guarantee for the CFA ("Completion AgreemenY'); and
WHEREAS, the CFA and the Completion Agreement are filed with the City Secretary
as City Secretary Contract Number 63874; and
WHEREAS, Developer desires to replace the Completion Agreement with a cash
deposit as the financial guarantee for remaining Improvements to be constructed pursuant to
the CFA;
NOW THEREFORE, City and Developer, acting herein by and through their duly
authorized representatives, enter into the following agreement, which amends City Secretary
No. 63874:
1.
Section 5 of the CFA is amended to add the following paragraph:
Developer has delivered to the City a cash deposit in the amount of $303,910.88
guaranteeing Developer's obligation to complete construction of the remaining
Improvements and pay all contractors and material suppliers. City and Developer agree
that the Developer may replace the Completion Agreement with cash deposit as the
financial guarantee for the remaining Improvements.
2.
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City of Fort Worth, Texas
First Amendment to City Secretary Contract No. 63874
Page 1 of 3
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FT. WORTH, TX
The Completion Agreement is terminated.
3.
a. All other provisions of City Secretary Contract No. 63874 which are not expressly
amended herein, shall remain in full force and effect.
b. All terms in this First Amendment that are capitalized, but not defined, shall have the
meanings ascribed to those terms in City Secretary Contract No. 63874.
[SIGNATURES ON FOLLOWING PAGE]
City of Fort Worth, Texas
First Amendment to City Secretary Contract No. 63874
Page 2 of 3
IN TESTIMONY WHEREOF, the City and Developer have executed this First
Amendment to be effective on the date signed by the City's Assistant City Manager.
CITY OF FORT WORTH DEVELOPER
PMB VENTANA DEVELOPER SOUTH LLC,
, �
A Texas limited liability company
Jesica McEachern
Assistant City Manager
Date: 02/20/2026
Recommended by:
��J�i��.�
Dwayne Hollars
Sr. Contract Compliance Specialist
Development Services
Approved as to Form & Legality:
G��� GtJ���
Jessika Williams
Sr. Assistant City Attorney
Date: 02�� 3�2�26
ATTEST:
���. � .��_
Jannette S. Goodall
City Secretary
Kandice Merrick
Contract Compliance Manager
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Taylor Baird (Feb 13, 2026 07:05:54 CST)
K. Taylor Baird
Manager
Date: �2/13/2026
�an
Contract Compliance Manager:
�o�F°°°''��a By signing, I acknowledge that I am the
v''�'° �9�0
;�� �o=; person responsible for the monitoring and
��a �� nE�psaa' administration of this contract, including all
performance and reporting requirements.
City of Fort Worth, Texas
First Amendment to City Secretary Contract No. 63874
Page 3 of 3
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FT. WORTH, TX
FORT ��RTH�
City Secretary's Office
Contract Routing & Transmittal Slip
COnti'aCtOr'S Name: PMB Ventana Developer South LLC
Subject of the Agreement: cFA - Amendment
M&C Approved by the Council? * Yes ❑ No 8
If �so, the M&C must be attached to the contract.
Is this an Amendment to an Existing contract? Yes 8 No ❑ 63874
If so, provide the original contract number and the amendment number.
Is the Contract "PermanenY'? *Yes 8 No ❑
If �unsure, see back page for pernianent contract listing.
Is this entire contract Confidential? *Yes ❑ No 8 If only specific information is
Confidential, please list what information is Confidential and the page it is located.
Effective Date: Expiration Date:
If different from the approval date. If applicable.
Is a 1295 Form required? * Yes ❑ No 8
*If �so, please ensure it is attached to the approving M&C or attached to the contract.
Proj ect Number: If applicable. 105985
*Did you include a Text field on the contract to add the City Secretary Contract (CSC)
number? Yes 8 No ❑
Contracts need to be routed for CSO processin� in the followin� order:
1. Katherine Cenicola (Approver)
2. Jannette S. Goodall (Signer)
3. Allison Tidwell (Form Filler)
*Indicates the information is required and if the information is not provided, the contract will be
returned to the department.