HomeMy WebLinkAbout065363 - Construction-Related - Contract - PMB Ventana Developer South LLC, and PMB SWFW Dev Co Manager LLCCity Secretary
Contract No 3
VEALE RANCH DEVELOPMENT
IMPROVEMENT AREA #5 REIMBURSEMENT AGREEMENT
This Fort Worth Public Improvement District No. 22 (Veale Ranch) Improvement Area #5
Reimbursement Agreement (this "Agreement') is entered into between and among the City of Fort
Worth, Texas (the "Ciff" ); PMB Ventana Developer South LLC, a Texas limited liability company
(the "Reimbursee"); and PMB SWFW Dev Co Manager LLC, a Texas limited liability company
(collectively with the Reimbursee, the "Developer'); to be effective as of April 28, 2026
("Effective Date"). The City, the Reimbursee, and the Developer are referred to herein individually
as a "Party" and collectively as the "Parties."
RECITALS:
WHEREAS, this Agreement is entered into pursuant to the Veale Ranch Development
Master Reimbursement Agreement, entered into by the City, the Board of Directors of Tax
Increment Reinvestment Zone Number Sixteen, City of Fort Worth, Texas, and the Original
Owners, the same being recorded with the City of Fort Worth City Secretary as City Secretary
Contract ("CSC") Number 60573 (the "Master Reimbursement Agreement'); and
WHEREAS, the Master Reimbursement Agreement was entered into pursuant to that
certain Development Agreement, which is recorded with the Fort Worth City Secretary as CSC
No. 59003 (the "Development Agreement"); and
WHEREAS, PMB Ventana Developer South LLC is an Original Owner under the
Development Agreement and the Master Reimbursement Agreement;
WHEREAS, PMB SWFW Dev. Co. Manager, LLC is an affiliate of PMB SWFW Dev.
Co., LLC, which is an Original Owner under the Development Agreement and the Master
Reimbursement Agreement; and
WHEREAS, the Master Reimbursement Agreement requires (i) the Developer to submit
to the City, at least sixty (60) calendar days prior to the completion of construction of any
Authorized Improvements benefiting an Improvement Area, a complete and accurate Improvement
Area Reimbursement Agreement that provides for the reimbursement of the costs associated with
certain improvements from the proceeds of PID Bonds and/or Assessment Revenues and (ii) the
City to review such Improvement Area Reimbursement Agreement within sixty (60) calendar days
of receiving such Improvement Area Reimbursement Agreement; and
WHEREAS, this Agreement constitutes an Improvement Area Reimbursement
Agreement under the Master Reimbursement Agreement; and
WHEREAS, the City has previously created the Fort Worth Public Improvement District
No. 22 (Veale Ranch) (the "District") and the Developer is requesting that the City designate
Improvement Area #5 within the District, the boundaries of which are set forth in Exhibit "I" (the
"Improvement Area"); and
WHEREAS, this Agreement is a "reimbursement agreement" authorized by Section
;(dl�.t4-,.P1D Act;
OFFICIAL RECORD
CITY SECRETARY
FT WORTH, TX
C% R E U 01
J IN 1#626 y 10:00
AGREEMENT:
NOW, THEREFORE, in consideration of the foregoing premises, the mutual covenants
contained herein, and for such other good and valuable consideration the receipt and adequacy of
which are hereby acknowledged, the Parties agree as follows:
Section 1
Capitalized Terms; Incorporation of Master Reimbursement Agreement
(a) Capitalized terms not otherwise defined herein shall have the meanings assigned to
such terms in the Master Reimbursement Agreement. Capitalized terms not otherwise defined in
this Agreement or the Master Reimbursement Agreement shall have the meanings assigned to such
terms in the Development Agreement.
(b) Except where explicitly waived or varied herein, all of the terms of the Master
Reimbursement Agreement are hereby incorporated herein. The Developer agrees to abide by the
provisions thereof to the extent they apply to the subject matter of this Agreement as if it were a
party thereto.
Section 2
Design and Construction of Public Improvements
(a) The Developer, in accordance with its development schedule and as set forth in
Schedule A to Exhibit "II", as it may be amended from time -to -time, and the provisions of the
Development Agreement, shall cause to be constructed all Authorized Improvements serving the
Improvement Area.
(b) The specific Authorized Improvements to be constructed to serve the Improvement
Area, and the Budgeted Costs therefore, are set forth on Exhibit "II", together with the supporting
Engineer's Report(s) are attached thereto as Schedule B. The Developer shall pay, or cause to be
paid, all costs of the Authorized Improvements, including all costs incurred in connection with
obtaining governmental approvals, certificates, permits, easements, rights -of -way, or sites required
as a part of the construction of the Authorized Improvements, including, without limitation, any
on- site or off -site mitigation costs; and all costs arising in connection with the creation of the
District.
(c) THE CITY SHALL NOT BE LIABLE TO ANY CONTRACTOR, ENGINEER,
ATTORNEY, MATERIALMAN OR OTHER PARTY EMPLOYED OR CONTRACTED WITH
IN CONNECTION WITH THE CONSTRUCTION OF THE AUTHORIZED
IMPROVEMENTS, BUT SHALL ONLY BE OBLIGATED TO ACQUIRE AND MAINTAIN
SUCH IMPROVEMENTS AND REIMBURSE THE REIMBURSEE IN THE MANNER AND
TO THE EXTENT PROVIDED HEREIN.
(d) Construction, Ownership, and Transfer of Public Improvements:
(i) Construction Plans. The Developer shall prepare, or cause to be prepared,
plans and specifications for each of the Authorized Improvements, and have
them submitted to the City for approval in accordance with this Section.
The construction plans for the Authorized Improvements shall be prepared
by a professional engineer or architect licensed in the State of Texas, at
Developer's cost. Construction plans shall be in conformity with the City
Regulations, and State law related to the construction of horizontal and
engineered infrastructure and facilities. Upon receipt of complete
construction and/or engineering plans and corresponding fees, the City shall
review the submitted construction and/or engineering plans to determine
their compliance with applicable City Regulations, State law, this
Agreement, and the Development Agreement. In certain cases required by
statute, construction plans may be required to be submitted to other local
and state agencies for approval. The City shall provide comments to the
submitter of the construction plans, plats (including Community Facilities
Agreements), permits, Master Studies and Local Studies regarding their
compliance, addressing any areas that fail to comply with the City
Regulations, State law, this Agreement, or the Development Agreement in
accordance with the time periods established by Chapter 212 of the Texas
Local Government Code and Section 7.4 of the Development Agreement.
Contract Award. The contracts for construction of Authorized
Improvements shall be let in the name of Developer, unless otherwise
agreed by the Developer and City. Developer's engineers shall prepare, or
cause to be prepared, contract specifications and necessary related
documents for the Authorized Improvements. Developer shall administer
all contracts. The Budgeted Costs of Authorized Improvements paid or
caused to be paid by Developer shall be reimbursed pursuant to the terms
of this Agreement and pursuant to the Master Reimbursement Agreement.
Construction Standards and Inspection. The Authorized Improvements
required for the full development of the Property shall be constructed in
phases, and inspected in accordance with the City Regulations. All
generally applicable fees established by the City Council, including permit
fees and inspection fees, shall be paid by Developer.
(iv) Competitive Bidding. This Agreement and construction of the Authorized
Improvements are anticipated to be exempt from competitive bidding
pursuant to Texas Local Government Code, Sections 252.022(a)(9) and
252.022(a)(11), based upon current cost estimates. In the event that the
actual costs for the Authorized Improvements do not meet the parameters
for exemption from the competitive bid requirement, then either
competitive bidding or alternative delivery methods may be utilized as
allowed by law and City ordinances. If the City participates in the cost of
the Authorized Improvements, such as when oversizing the Public
Improvements, competitive bidding may be necessary if required by State
law.
(v) Public Improvement Conveyance. All Authorized Improvements shall be
conveyed to the City free and clear of all liens. At the time of conveyance,
the Developer shall deliver to the City releases from the contractors,
subcontractors, and suppliers of materials who have provided labor and
materials for the Authorized Improvements showing they have been paid
for such labor and materials.
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(vi) Bonds. Developer shall provide the City with an adequate financial
guarantee for all Authorized Improvements in accordance with City
Regulations and Developer's contractors shall provide the City with
payment, performance and maintenance bonds for all Public Improvements
as required by. the City Regulations. To the extent costs for bonds are for
Authorized Improvements, such costs shall be considered Authorized
Improvements eligible for reimbursement. To the extent bond costs are for
City oversizing, such costs shall be the responsibility of the City.
(vii) Ownership. All of the Authorized Improvements will be owned by the City
upon acceptance of them by the City. Developer will dedicate land related
to the Authorized Improvements to the City by plat or separate instrument
in accordance with the City's standard processes for review and approval of
plats, easements, and deeds. When the completed Authorized
Improvements have been inspected by the City and determined to be
constructed in compliance with Section 2 herein, the City's Assistant City
Manager will execute a notice of project completion, commonly referred to
as a green sheet. The notice of project completion will establish the
Authorized Improvements Costs of the complete Authorized
Improvements, as applicable, and will serve as the City's formal acceptance
of the Authorized Improvements, lien free, in accordance with the standard
City policies applicable to such improvements, including maintenance
bonds and assignments of warranties, if any.
Section 3
Costs
3.01 Budgeted Costs.
(a) The total Budgeted Costs of the Authorized Improvements to be constructed in the
Improvement Area, as described in Exhibit "II", is $5,429,728.
(i) The aggregate Authorized Improvements Outstanding Reimbursement
Amount under the Master Reimbursement Agreement shall be reduced by
the amount of the final Authorized Improvement Costs for the Improvement
Area that is the subject of this Agreement and pursuant to Section
6.01(a)(iv) of the Master Reimbursement Agreement.
(ii) The total amount to be reimbursed hereunder shall not exceed the total of
the Authorized Improvements Costs of the Authorized Improvements
actually incurred by the Developer, which includes any Cost Overruns
("Improvement Area Authorized Improvements Reimbursement Amount").
(iii) The Improvement Area Authorized Improvements Reimbursement Amount
payable to the Reimbursee shall be reduced by the costs of issuance
associated with the issuance of any PID Bonds issued pursuant to this
Agreement, including, but not limited to, any underwriter's discount and
reserve fund deposits, if any, required by an applicable Indenture,
notwithstanding that such funds shall not actually be paid by the Developer.
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For the avoidance of doubt, the costs of issuance of any PID Bonds shall be
included as Authorized Improvements and Budgeted Costs.
3.02 Reimbursement.
(a) The City shall reimburse the Reimbursee for the Authorized Improvements Costs
of the Authorized Improvements contemplated hereunder from (a) the proceeds of PID Bonds
issued in accordance with Section 4 of the Master Reimbursement Agreement, and (b) if PID
Bonds have not been issued, from Assessment Revenues in accordance with Section 3 of the
Master Reimbursement Agreement.
(b) During any period in which reimbursement is occurring incrementally from
Assessment Revenue deposited to the Assessment Reimbursement Fund, the annual installments
of the Assessments will include interest calculated at: (i) for a period of five (5) years beginning
in the year of the initial levy, five percent (5%) above the highest average index rate for tax exempt
bonds reported in a daily or weekly bond index approved by the governing body and reported in
the month before the date the obligation was incurred; and (ii) after the period described in (i), two
percent (2%) above the bond index rate described above. Following the issuance of PID Bonds,
the interest rate paid to Reimbursee on the unpaid and outstanding principal amount of the
Improvement Area Authorized Improvements Maximum Reimbursement Amount shall be equal
to the aggregate true interest cost of the initial series of PID Bonds issued for such Authorized
Improvements. Such interest shall be payable to the Developer in addition to reimbursement for
such Authorized Improvements. No interest shall accrue to any portion of the Improvement Area
Authorized Improvement Reimbursement Amount attributable to Authorized Improvements
which have not been completed. Notwithstanding the foregoing, in no event shall the interest rate
so calculated exceed the maximum rate permitted by Chapter 1204, Texas Government Code.
(c) As a condition to any reimbursement hereunder, except for reimbursements from
PID Bond proceeds at the time of closing thereof, which shall be governed in accordance with
Section 4, the Developer or the Reimbursee on the Developer's behalf shall submit for approval
to the City a Certification for Payment Form for Authorized Improvements Costs, including
completed segment, section, or portion of an Authorized Improvement and any Cost Overruns
associated therewith. The Certification for Payment Form is set forth in Exhibit "III" and the
procedures for the submission thereof are discussed in Section 4 below.
(d) If the City requires additional documentation, or timely disapproves or questions
the correctness or authenticity of the Certification for Payment, the City shall deliver a detailed
notice to the Developer within twenty (20) business days of receipt thereof; payment with respect
to the disputed portion(s) of the Certification for Payment shall not be made until Developer and
the City have jointly settled such dispute or additional information has been provided to the City's
reasonable satisfaction.
(e) REIMBURSEMENT UNDER THIS AGREEMENT, IS SUBJECT TO
COMPLIANCE BY THE ORIGINAL OWNER, THE REIMBURSEE, THE DEVELOPER OR
THEIR RESPECTIVE ASSIGNEE(S) WITH THE TERMS OF THIS AGREEMENT, AS SUCH
TERMS RELATE TO THE PROPERTY THAT IS THE SUBJECT MATTER OF THIS
AGREEMENT; PROVIDED, HOWEVER, THAT THE CITY'S OBLIGATION TO
REIMBURSE THE ORIGINAL OWNER, THE REIMBURSES, THE DEVELOPER OR THEIR
RESPECTIVE ASSIGNEES UNDER THIS AGREEMENT FOR THE AUTHORIZED
IMPROVEMENTS SERVING THE PARTICULAR IMPROVEMENT AREA THAT IS THE
SUBJECT OF THIS AGREEMENT SHALL BE ABATED, IF A PARTY TO THIS
AGREEMENT FAILS TO COMPLETE CONSTRUCTION OF THE AUTHORIZED
IMPROVEMENTS WITHIN AN IMPROVEMENT AREA NOT THE SUBJECT OF THIS
AGREEMENT AND SUCH FAILURE RENDERS IMPRACTICABLE OR INEFFECTUAL
THE USE OF THE AUTHORIZED IMPROVEMENTS THAT ARE THE SUBJECT MATTER
OF THIS AGREEMENT. SUCH ABATEMENT SHALL CONTINUE UNTIL THE
AUTHORIZED IMPROVEMENTS THAT ARE THE SUBJECT OF THIS AGREEMENT CAN
BE EFFECTIVELY UTILIZED.
Section 4
Disbursements
(a) The Parties agree that, from the proceeds of an applicable series of PID Bonds, and
upon the presentation of evidence satisfactory to the City, the City will cause the Trustee under
the applicable Indenture to pay at the closing of such PID Bonds approved amounts from the
appropriate account to the City or Reimbursee, as applicable, which amounts may include payment
for costs of issuance and payment of costs incurred in the establishment, administration and
operation of the District and any other eligible items expended by Developer or Reimbursee and
City as of the time of the delivery of such PID Bonds as described in the applicable Indenture and
the Service and Assessment Plan.
(b) In order to receive disbursements at the closing of an applicable series of PID
Bonds, Reimbursee and Developer shall execute a Closing Disbursement Request, in substantially
the form attached hereto as Exhibit "IV", to be delivered to City no less than fifteen (15) business
days prior to the scheduled closing date for such PID Bonds for payment in accordance with the
provisions of the applicable Indenture.
(c) In order to receive disbursements from an Assessment Reimbursement Fund or, if
PID Bonds have been issued, disbursements from the Improvement Account following the initial
disbursement as described in Section 4(b) above, the Developer shall execute a Certification for
Payment, in substantially the form attached hereto as Exhibit "III", no more frequently than
monthly, to be delivered to City for payment in accordance with the provisions of the applicable
Indenture and this Agreement.
(d) Upon receipt of a Certification for Payment or Closing Disbursement Request
(along with all accompanying documentation required by City) from the Developer, City shall
conduct a review in order to confirm that such request is complete, to confirm that the work for
which payment is requested was performed in accordance with Section 2 herein and the
Development Agreement, and to verify and approve the Authorized Improvements Costs, of such
work specified in such Certification for Payment or Closing Disbursement Request. City shall also
conduct such review as is required in its discretion to confirm the matters certified in the
Certification for Payment and Closing Disbursement Request. The Developer agrees to reasonably
cooperate with City in conducting each such review and to provide City with such additional
information and documentation as is reasonably necessary for City to conclude each such review.
(e) Not later than fifteen (15) business days following receipt of any Certification for
Payment, City shall either: (1) approve the Certification for Payment, or (2) provide Developer
with written notification of disapproval of all or part of a Certification for Payment, specifying the
basis for any such disapproval.
(f) Immediately upon approval of a Certification for Payment, the City shall, if PID
Bonds have been issued, forward such certification to the Trustee for payment from the
Improvement Account pursuant to the Indenture, or, if PID Bonds have not yet been issued, make
payment on such certification from the applicable Assessment Reimbursement Fund pursuant to
this Agreement. The obligation to make payment in either such case is subject to the availability
of funds in the applicable Improvement Account or Assessment Reimbursement Fund.
(g) If the City requires additional documentation, or timely disapproves or questions
the correctness or authenticity of the Certification for Payment, the City shall deliver a detailed
notice to the Developer within twenty (20) business days of receipt of such Certification for
Payment; payment with respect to the disputed portion(s) of the Certification for Payment shall
not be made until Developer and the City have jointly settled such dispute or additional information
has been provided to the City's reasonable satisfaction.
(h) If there is a dispute over the amount of any payment, the City shall nevertheless
pay the undisputed amount to the Reimbursee, and the Parties shall use all reasonable efforts to
resolve the disputed amount before the next payment is made; however, if the Parties are unable
to resolve the disputed amount, then the City's determination of the disputed amount (as
determined by the City Manager in his/her reasonable and good faith judgment) shall control.
(i) The Developer shall not submit a Certification for Payment or Closing
Disbursement Request requesting reimbursement for Authorized Improvements Costs in excess of
the actual Authorized Improvement Costs.
0) Approved Certificates for Payment that await reimbursement shall not accrue
interest after the date of City approval provided payment is received within ten (10) business days.
Section 5
Limited Obligation
THE OBLIGATIONS OF THE CITY UNDER THIS AGREEMENT, SHALL NOT,
UNDER ANY CIRCUMSTANCES, GIVE RISE TO OR CREATE A CHARGE AGAINST THE
GENERAL CREDIT OR TAXING POWER OF THE CITY OR A DEBT OR OTHER
OBLIGATION OF THE CITY PAYABLE FROM ANY SOURCE OTHER THAN THE
APPLICABLE ASSESSMENT REIMBURSEMENT FUND OR IMPROVEMENT ACCOUNT.
Unless approved by the City, no other City funds, revenues, taxes or income of any kind shall be
used to pay: (1) the Authorized Improvements Costs; (2) any other reimbursable amount
hereunder; or (3) debt service on any Bonds, notwithstanding, in each case, that such amounts are
not paid in full on or before the Maturity Date. NONE OF THE CITY OR ANY OF ITS ELECTED
OR APPOINTED OFFICIALS OR ANY OF ITS OFFICERS, EMPLOYEES, CONSULTANTS
OR REPRESENTATIVES SHALL INCUR ANY LIABILITY HEREUNDER TO DEVELOPER
OR ANY OTHER PARTY IN THEIR INDIVIDUAL CAPACITIES BY REASON OF THIS
AGREEMENT OR THEIR ACTS OR OMISSIONS UNDER THIS AGREEMENT, EXCEPT IN
THE EVENT OF GROSS NEGLIGENCE OR WILLFUL MISCONDUCT COMMITTED BY
ANY SUCH PARTIES.
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Section 6
Obligation to Pay
If, as to the property which makes up the Improvement Area described in Exhibit I that is
the subject of this Agreement, each of the applicable Developer and Reimbursee (1) is current on
the payment of all taxes, assessments and fees owed to City, (2) is in then -current compliance with
its obligations under: (a) this Agreement, (b) all Developer continuing disclosure agreements in
the District, (c) the Master Reimbursement Agreement, and (d) the Development Agreement, and
(3) has received no notice of any material default as to such property under the foregoing
agreements that remains uncured; then, following the inspection and approval of any portion of
Authorized Improvements for which Reimbursee seeks reimbursement of Authorized
Improvements Costs by submission of a Certificate for Payment or Closing Disbursement Request,
the obligations of the City under this Agreement to (i) pay, disbursements identified in any
Certificate for Payment or Closing Disbursement Request, and (ii) pay debt service on PID Bonds,
are unconditional and not subject to any defenses or rights of offset except as may be provided in
any Indenture.
Section 7
Representations.
(a) Developer hereby represents to City that:
(i) The execution and delivery of this Agreement and the transactions
contemplated hereby have been duly authorized by Developer;
(ii) This Agreement, the representations and covenants contained herein, and
the consummation of the transactions contemplated hereby shall not violate
or constitute a breach of any contract or other agreement to which
Developer is a party; and
(iii) Developer has the financial resources, or the ability to obtain sufficient
financial resources, to satisfy and comply with Developer's obligations
under this Agreement.
(b) The City represents and warrants that this Agreement has been approved by official
action of the City Council in accordance with all applicable public notice requirements (including,
but not limited to, notices required by the Texas Open Meetings Act) and that the individual
executing this Agreement on behalf of the City has been and is duly authorized to do so.
Section 8
Audit
The City and the Developer will comply with the provisions of Section 8 of the Master
Reimbursement Agreement.
Section 9
Indemnity.
DEVELOPER SHALL INDEMNIFY AND HOLD CITY HARMLESS FROM AND
AGAINST ALL LOSSES, COSTS, DAMAGES, EXPENSES, AND LIABILITIES (HEREIN
COLLECTIVELY REFERRED TO AS "LOSSES") OF WHATSOEVER NATURE,
INCLUDING, BUT NOT LIMITED TO, REASONABLE ATTORNEYS' FEES, COSTS OF
LITIGATION, COURT COSTS, AMOUNTS PAID IN SETTLEMENT AND AMOUNTS PAID
TO DISCHARGE JUDGMENTS RELATING TO ANY CLAIM, LAWSUIT, CAUSE OF
ACT10N OR OTHER LEGAL ACTION OR PROCEEDING BROUGHT AGAINST CITY OR
TO WHICH CITY MAY BE A PARTY, DIRECTLY OR INDIRECTLY RESULTING FROM,
ARISING OUT OF, OR RELATING TO THE ACQUISITION, PURCHASE OR
CONSTRUCTION OF THE AUTHORIZED IMPROVEMENTS PRIOR TO THE ISSUANCE
OF ANY APPLICABLE MAINTENANCE BOND. IN THE EVENT OF ANY ACTION
BROUGHT AGAINST CITY IN WHICH INDEMNIFICATION BY DEVELOPER IS
APPLICABLE, CITY SHALL PROMPTLY GIVE WRITTEN NOTICE TO DEVELOPER AND
DEVELOPER SHALL ASSUME THE INVESTIGATION AND DEFENSE OF SUCH ACTION,
INCLUDING THE EMPLOYMENT OF COUNSEL AND THE PAYMENT OF ALL
EXPENSES RELATED THERETO. CITY SHALL HAVE THE RIGHT, AT CITY'S EXPENSE,
TO EMPLOY SEPARATE COUNSEL AND TO PARTICIPATE IN THE INVESTIGATION
AND DEFENSE OF ANY SUCH ACTION. DEVELOPER SHALL NOT BE LIABLE FOR THE
SETTLEMENT OF ANY SUCH ACTION MADE BY CITY WITHOUT THE CONSENT OF
DEVELOPER; PROVIDED, HOWEVER, IN THE EVENT OF ANY SETTLEMENT
ENTERED INTO WITH THE CONSENT OF DEVELOPER OR OF ANY FINAL JUDGMENT
FOR A PLAINTIFF IN ANY SUCH ACTION, DEVELOPER SHALL INDEMNIFY AND
HOLD CITY HARMLESS FROM AND AGAINST ANY LOSSES INCURRED BY REASON
OF SUCH SETTLEMENT OR JUDGMENT. THE EXPIRATION OF THE TERM OF THIS
AGREEMENT SHALL NOT RELIEVE DEVELOPER FROM ANY LIABILITY HEREUNDER
ARISING PRIOR TO THE EXPIRATION OF THIS AGREEMENT; PROVIDED HOWEVER,
THIS INDEMNITY PROVISION SHALL NOT APPLY TO THE EXTENT OF ANY GROSS
NEGLIGENCE, WILLFUL MISCONDUCT OR UNLAWFUL ACTIONS OF THE CITY.
Section 10
Conflict
10.01 This Agreement constitutes the entire agreement between the Parties with respect
to the subject matter herein, and supersedes all prior agreements, whether oral or written. In the
event of any conflict between the terms of this Agreement, the Master Reimbursement Agreement,
the Development Agreement, the SAP, and the terms of the proceedings authorizing the issuance
of PID Bonds, the conflicting provisions will be construed to the extent possible to give effect to
each. Except where otherwise expressly stated in this Agreement, in the event such conflicting
provisions cannot be reconciled to give all such provisions effect, then the order or priority set
forth below will govern:
(a) The terms of the proceedings authorizing the issuance of PID Bonds, including the
applicable indenture, governs over everything else.
(b) As it pertains to the District, the SAP governs over this Agreement.
(c) This Agreement governs over the Master Reimbursement Agreement.
(d) The Master Reimbursement Agreement governs over the Development Agreement.
Section 11
Events of Default and Remedies
11.01 Events of Default.
No Parry shall be in default under this Agreement until notice of the alleged failure of such
Party to perform, the nature of which is reasonably detailed, has been given in writing as provided
in Section 11.04; however, that the Party receiving such notice must commence curing such
alleged failure no later than thirty (30) days from the date of notice and thereafter diligently and
continuously pursues performance until the alleged failure has been cured.
11.02 Original Owner/Developer/Reimbursee Default.
(a) Each of the following events shall be an "Event of Default" under this Agreement.
(i) An Original Owner or its Assignee is in Default pursuant to Section 14.2 of
the Development Agreement;
(ii) An Original Owner, the Developer, and/or their Assignee(s) is in default
under the terms of the Master Reimbursement Agreement;
(iii) The Developer, the Reimbursee and/or or their Assignee(s) is in default
under the terms of this Agreement; and
(iv) Such party fails to comply in any material respect with any term, provision,
or covenant of this Agreement, the Development Agreement, or the Master
Reimbursement Agreement, as applicable, and does not cure such default
in accordance with Section 11.01.
11.03 City Default.
(a) Each of the following events shall be an "Event of Default" by the City under this
Agreement:
(i) So long as the applicable Parry has complied with the terms and provisions
of this Agreement and is not in default under Section 11.01, the City fails
to pay to such Parry any monetary sum hereby required of it as and when
the same become due and payable and does not cure such default in
accordance with Section 11.01;
(ii) The City is in default pursuant to Section 14.3 of the Development
Agreement;
(iii) The City is in default under the terms of Master Reimbursement Agreement;
and
(iv) The City fails to comply in any material respect with any term, provision,
or covenant of this Agreement, the Development Agreement, or the Master
Reimbursement Agreement other than the payment of money, and does not
cure such default in accordance with Section 11.01.
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11.04 Remedies.
IF A PARTY IS IN DEFAULT, THE AGGRIEVED PARTY MAY, AT ITS OPTION
AND WITHOUT PREJUDICE TO ANY OTHER RIGHT OR REMEDY UNDER THIS
AGREEMENT, SEEK ANY RELIEF AVAILABLE AT LAW OR IN EQUITY, INCLUDING,
BUT NOT LIMITED TO, AN ACTION UNDER THE UNIFORM DECLARATORY
JUDGMENT ACT, SPECIFIC PERFORMANCE, MANDAMUS, AND INJUNCTIVE RELIEF.
NOTWITHSTANDING THE FOREGOING, HOWEVER, NO DEFAULT UNDER THIS
AGREEMENT SHALL:
(a) Entitle the aggrieved Parry to terminate this Agreement, the Development
Agreement or the Master Reimbursement Agreement, unless specifically provided in such
agreement.
(b) Entitle the aggrieved Parry to suspend performance under this Agreement, other
than the City's obligation to make reimbursement payments for a specific Improvement Arda only
(except as otherwise set forth in Section 3.02(e)), unless the portion of the Property for which
performance is suspended is the subject of the default (for example, the City shall not be entitled
to suspend its performance with regard to the development of "Tract X" by "Owner A" based on
the grounds that Owner A is in default with respect to any other tract or that Owner "B" is in
default).
11.05 No Liability for Actions of Others.
Except as expressly set forth in this Agreement: (i) the liabilities, obligations and
responsibilities of each Original Owner, the Developer, or authorized Assignee under this
Agreement are several, and not joint; and (ii) no Original Owner, the Developer, or Assignee, of
any portion of the Property will be in default under this Agreement or otherwise liable or
responsible for any default which is not caused by such Original Owner or the Developer by any
person acting by, through or under such Original Owner, the Developer, or Assignee.
Section 12
MISCELLANEOUS
12.01 Assignment.
(a) This Agreement is binding upon and inures to the benefit of the Original Owners,
the Developer, and their Assignees. The Original Owners, the Developer, or their Assignee may
assign their obligations, rights, or covenants without the prior written consent of, but upon Notice
to, the City, as provided in Section 12.02.
(b) Each assignment must be in writing and executed by the Original Owner or the
Developer, and the Assignee, and obligate the Assignee to be bound by this Agreement to the
extent rights and obligations under this Agreement are being assigned. Such assignment will not
be effective until Notice thereof is provided to the City in accordance with Section 12.02. No
assignment by an Original Owner or the Developer will release such Party from any liability that
resulted from an act or omission by such Party that occurred prior to the effective date of the
assignment, unless the City approves the release in writing. From and after such assignment, the
City agrees to look solely to the Assignee for the performance of all obligations assigned to the
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Assignee, and agrees that such Assignor will be released from subsequently performing the
assigned obligations and from any liability that results from the Assignee's failure to perform the
assigned obligations.
(c) Encumbrance by Original Owner and Assignee. Each Original Owner, Developer,
and Assignee, has the right, from time to time, to collaterally assign, pledge, grant a lien or security
interest in, or otherwise encumber any of its rights, title, or interest under this Agreement for the
benefit of its lenders without the consent of, but with written Notice to, the City. The collateral
assignment, pledge, grant of lien or security interest, or other encumbrance does not, however,
obligate any lender to perform any obligations or incur any liability under this Agreement, unless
the lender agrees in writing to perform such obligations or incur such liability. Provided the City
has been given a copy of the documents creating the lender's interest, including Notice information
for the lender, then that lender has the right, but not the obligation, to cure any default under this
Agreement and be given a reasonable time to do so in addition to the cure periods otherwise
provided to the defaulting Party by this Agreement; and the City agrees to accept a reasonable
cure, offered by the lender as if offered by the defaulting Parry. A lender is not a party to this
Agreement unless this Agreement is amended, with the consent of the lender, to add the lender as
a Party. Notwithstanding the foregoing, however, this Agreement will continue to bind the
Property and survive any transfer, conveyance, or assignment occasioned by the exercise of
foreclosure or other rights by a lender, whether judicial or non judicial. Any purchaser from or
successor Owner through a lender of any portion of the Properly will be bound by this Agreement
and will not be entitled to the rights and benefits of this Agreement with respect to the acquired
portion of the Property until all defaults under this Agreement with respect to the acquired portion
of the Property have been cured.
(d) Assignees as Parties. An Assignee authorized in accordance with this Agreement
will be considered a "Party" for the purposes of this Agreement, but only to the extent of the rights
obligations and benefits assigned. With the exception of an End Buyer, any person or entity, upon
becoming an owner of land within the Property or upon obtaining an ownership interest in any part
of the Property, will be deemed to be a "Developer" of such Property and have all of the obligations
of a Developer as set forth in this Agreement and all related documents to the extent of said
ownership or ownership interest, but such Developer will not be entitled to any reimbursements
for any Public Improvements, unless such right has been assigned as provided herein.
12.02 Notices.
(a) Any notice, submittal, payment, or instrument required or permitted by this
Agreement to be given or delivered to any party shall be deemed to have been received when
personally delivered or 72 hours following deposit of the same in any United States Post Office,
registered or certified mail, postage prepaid, and addressed as follows:
To the City: City of Fort Worth, Texas
Attn: City Manager
100 Fort Worth Trail
Fort Worth, Texas 76102
With a copy to:
City of Fort Worth
Attn: City Attorney
100 Fort Worth Trail
12
Fort Worth Texas, 76102
To Reimbursee: PMB Ventana Developer South LLC
Attn: Taylor Baird
4001 Maple Avenue, Suite 270
Dallas, TX 75219
With a copy to:
Coats Rose
Attn: Tim Green
9 Greenway Plaza, Suite 1000
Houston, TX 77046
To Developer: PMB Ventana South LLC
Attn: Taylor Baird
4001 Maple Avenue, Suite 270
Dallas, TX 75219
PMB SWFW Dev Co Manager LLC
Attn: Taylor Baird
4001 Maple Avenue, Suite 270
Dallas, TX 75219
With a copy to:
Coats Rose
Attn: Tim Green
9 Greenway Plaza, Suite 1000
Houston, TX 77046
(b) Any Parry may change its address or addresses for delivery of Notice by delivering
written Notice of such change of address to the other Parties.
12.03 Interpretation.
The Parties acknowledge that each has been actively involved in negotiating this
Agreement. Accordingly, the rule of construction that any ambiguities are to be resolved against
the drafting Party will not apply to interpreting this Agreement. In the event of any dispute over
the meaning or application of any provision of this Agreement, the provision will be interpreted
fairly and reasonably and neither more strongly for nor against any Party, regardless of which Party
originally drafted the provision.
12.04 Severability.
This Agreement shall not be modified or amended except as provided herein. If any
provision of this Agreement is determined by a court of competent jurisdiction to be unenforceable
for any reason, then: (a) such unenforceable provision shall be deleted from this Agreement; (b)
the unenforceable provision shall, to the extent possible and upon mutual agreement of the Parties,
be rewritten to be enforceable and to give effect to the intent of the Parties; and (c) the remainder
of this Agreement shall remain in full force and effect and shall be interpreted to give effect to the
intent of the Parties.
13
12.05 Applicable Law; Venue.
This Agreement is entered into pursuant to, and is to be construed and enforced in
accordance with, the laws of the State of Texas, and all obligations of the Parties are performable
in the county in which the subject property is located. Exclusive venue for any action related to,
arising out of, or brought in connection with this Agreement shall be in Tarrant County, Texas or
the United States District Court for the Northern District of Texas — Fort Worth Division.
12.06 Non -Waiver.
Any failure by a Party to insist upon strict performance by any other Party of any material
provision of this Agreement shall not be deemed a waiver thereof, and the Party shall have the
right at any time thereafter to insist upon strict performance of any and all provisions of this
Agreement. No provision of this Agreement may be waived except in writing signed by the Party
waiving such provision. Any waiver shall be limited to the specific purposes for which it is given.
No waiver by any Party of any term or condition of this Agreement shall be deemed or construed
to be a waiver of any other term or condition or subsequent waiver of the same term or condition.
12.07 Sovereign Immunity.
The City does not waive or surrender any of its governmental powers, immunities or rights
except as necessary to allow Developer to enforce its remedies under this Agreement, which may
include the Developer's ability to assert this Agreement is considered an agreement for the
provision of goods and services, as provided in Texas Local Government Code, Section 271.151.
12.08 Further Documents.
Each Party shall, upon request of any other Parry, execute and deliver such further
documents and perform such further acts as may reasonably be requested to effectuate the terms
of this Agreement and achieve the intent of the Parties.
12.09 Amendment.
This Agreement shall not be modified or amended except in writing signed by the Parties
hereto. If any provision of this Agreement is determined by a court of competent jurisdiction to be
unenforceable for any reason, then: (a) such unenforceable provision shall be deleted from this
Agreement; (b) the unenforceable provision shall, to the extent possible, be rewritten to be
enforceable and to give effect to the intent of the Parties; and (c) the remainder of this Agreement
shall remain in full force and effect and shall be interpreted to give effect to the intent of the Parties.
12.10 Authority; Enforceability.
The City represents and warrants that this Agreement has been approved by appropriate
official action and that the individual executing this Agreement on behalf of the City has been and
is duly authorized to do so. The Reimbursee and the Developer each hereby represents and
warrants that this Agreement has been approved by appropriate action of such Party, and that each
individual executing this Agreement on behalf of such Party has been and is duly authorized to do
so. Each Parry to this Agreement respectively acknowledges and agrees that this Agreement is
binding upon such Party and is enforceable against such Parry, in accordance with its terms and
conditions and to the extent permitted by law.
14
12.11 Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall be
deemed an original and constitute one and the same instrument. Delivery of an executed
counterpart of a signature page of this Agreement by telecopy or other electronic imaging means
shall be effective as delivery of a manually executed counterpart of this Agreement.
12.12 City Council Exercise of Legislative Discretion.
Notwithstanding any other provisions hereof, nothing in this Agreement shall be construed
as a contractual obligation that controls, waives or supplements the City Council's legislative
discretion relative to the subject matter herein.
12.13 Force Majeure.
Each Party shall use good faith, due diligence and reasonable care in the performance of
its respective obligations under this Agreement, and time shall be of the essence in such
performance. However, in the event a Party is unable, due to Force Majeure, to perform its
obligations under this Agreement, then the obligations affected by the Force Majeure shall be
temporarily suspended. Within thirty (30) days after the occurrence of a Force Majeure, the Party
claiming the right to temporarily suspend its performance shall give Notice to all Parties, including
a detailed explanation of the Force Majeure and a description of the action that will be taken to
remedy the Force Majeure and resume full performance at the earliest possible time. As used
herein, "Force Majeure" means, and shall include without limitation, acts of God; strikes; lockouts;
or other industrial disturbances; acts of a public enemy; acts or orders of any kind of the
Government of the United States or the State of Texas, or any civil or military authority;
insurrection; riots; epidemics; pandemics; quarantine; viral outbreaks; landslides; lightning;
earthquake; fires; hurricanes; tornadoes; storms; floods; washouts; droughts; arrests; restraint of
government and people; civil disturbances; explosions; breakage or accidents to machinery,
pipelines, or canals; partial or entire failure of water supply; or other acts, events, causes, or
circumstances not within the reasonable control of the Party claiming such inability and that could
not have been avoided by such Party with the exercise of good faith, due diligence, and reasonable
care.
12.14 Statutory Verifications.
Each of the Developer and Reimbursee hereby makes the following representation and
covenant to enable the City to comply with Chapters 2252, 2271, 2274, and 2276, Texas
Government Code, as heretofore amended (the "Government Code"), in entering into this
Agreement. As used in such verifications, "affiliate" means an entity that controls, is controlled
by, or is under common control with the Developer and/or Reimbursee within the meaning of SEC
Rule 405, 17 C.F.R. § 230.405, and exists to make a profit. Liability for breach of any such
verification prior to the expiration or earlier termination of this Agreement shall survive until
barred by the applicable statute of limitations, and shall not be liquidated or otherwise limited by
any provision of this Agreement, notwithstanding anything in this Agreement to the contrary.
(a) Not a Sanctioned CompM. Each of the Developer and Reimbursee hereby
represents that neither it nor any of its parent company, wholly- or majority -owned subsidiaries,
and other affiliates is a company identified on a list prepared and maintained by the Texas
Comptroller of Public Accounts under Section 2252.153 or Section 2270.0201, Government Code.
15
The foregoing representation excludes the Developer and/or Reimbursee and each of their parent
companies, wholly- or majority -owned subsidiaries, and other affiliates, if any, that the United
States government has affirmatively declared to be excluded from its federal sanctions regime
relating to Sudan or Iran or any federal sanctions regime relating to a foreign terrorist organization.
(b) No Boycott of Israel. Each of the Developer and Reimbursee hereby verifies that
it and its parent company, wholly- or majority -owned subsidiaries, and other affiliates, if any, do
not boycott Israel and will not boycott Israel during the term of this Agreement. As used in the
foregoing verification, "boycott Israel" has the meaning provided in Section 2271.001,
Government Code.
(c) No Discrimination Against Firearm Entities. Each of the Developer and
Reimbursee hereby verifies that it and its parent company, wholly- or majority -owned subsidiaries,
and other affiliates, if any, do not have a practice, policy, guidance, or directive that discriminates
against a firearm entity or firearm trade association and will not discriminate against a firearm
entity or firearm trade association during the term of this Agreement. As used in the foregoing
verification, "discriminate against a firearm entity or firearm trade association" has the meaning
provided in Section 2274.001(3), Government Code.
(d) No Boycott of Energy Companies. Each of the Developer and Reimbursee hereby
verifies that it and its parent company, wholly- or maj ority-owned subsidiaries, and other affiliates,
if any, do not boycott energy companies and will not boycott energy companies during the term of
this Agreement. As used in the foregoing verification, "boycott energy companies" has the
meaning provided in Section 2276.001(1), Government Code.
12.15 Attorney General StandingLetter.
etter.
Each of the Developer and Reimbursee hereby represents that it has on file with the
Attorney General a standing letter addressing the representations and verifications in Section 12.14
of this Agreement in a form acceptable to the Attorney General. In addition, if the Developer
and/or Reimbursee or the parent company, a wholly- or majority -owned subsidiary or another
affiliate of the Developer and/or Reimbursee receives or has received a letter from the Texas
Comptroller of Public Accounts pursuant to Chapter 809, Texas Government Code seeking written
verification that it does not boycott energy companies (a "Comptroller Request Letter"), the
Developer and/or Reimbursee shall promptly notify the City (if it has not already done so) and
provide to the City, two business days prior to the closing date for a series of PID Bonds and
additionally upon request by the City, written verification to the effect that its standing letter
described in the preceding sentence remains in effect and may be relied upon by the City and the
Attorney General (the "Bringdown Verification"). The Bringdown Verification shall also confirm
that the Developer and/or Reimbursee (or the parent company, a wholly- or majority -owned
subsidiary or other affiliate of the Developer and/or Reimbursee that received the Comptroller
Request Letter) intends to timely respond or has timely responded to the Comptroller Request
Letter. The Bringdown Verification may be in the form of an e-mail.
12.16 Compliance with Laws
The Parties agrees that, in the performance of its obligations hereunder, it will comply with
all applicable federal, state and local laws, ordinances, rules and regulations.
12.17 Electronic Signatures
92
This Agreement may be executed by electronic signature, which will be considered as an
original signature for all purposes and have the same force and effect as an original signature. For
these purposes, "electronic signature" means electronically scanned and transmitted versions (e.g.
via pdf file or facsimile transmission) of an original signature, or signatures electronically inserted
via software such as Adobe Sign.
12.18 Headings Not Controlling
Headings and titles used in this Agreement are for reference purposes only and will not be
deemed a part of this Agreement.
[Signature Page Follows]
17
EXECUTED BY THE PARTIES TO BE EFFECTIVE ON THE EFFECTIVE DATE:
ATTEST:
By:
Na .Z
Titl • City
CITY OF FORT WORTH, TEXAS
By:
Name: at�
Title: Assistant City M ager
Date: &Io /,,?(,
444���na
a� FORt a��AA
p �000000000� VA
O0 OO Y
Imo, 0�+1�G.
�8 °o
'` *'000000000000 f
APPROV TO FORM AND LEGALITYaa4t,� EXa'S4a
By:
Name: �—
Title: Assistant City Atto6Ay
THE STATE OF TEXAS
COUNTY OF TARRANT
This instrument was acknowledged before me on the day I of
�) zk h L 2026, by Q C-h o,, Du. r a h A o- the Assistant City
Manager of the City of Fort Worth, Texas, on behalf of said City.
(SEAL)
Notary ubl c, State of Texas
essica Fewer
ES:Nyotary
Commiss10 Explrss10H312029 ID135535933
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
18
fit! ���.�, t'/4r� i}l, «Jw .t~ +6',F,+ l•
DEVELOPER:
PMB VENTANA DEVELOPER SOUTH LLC,
a Texas limited liability company
By: PMB Ventana Developer LLC,
a Texas limited liability company,
its Manager
By: PB Ventana Manager, LLC,
a Texas limited liability company,
its Mqnager
By:
Name: K. Taylor Baird
Title: Manager
THE STATE OF TEXAS §
COUNTY OF-TARRANX §
This instrument was acknowledged before me onthe day oCa of Can
2026, by K. Taylor Baird of PMB Ventana Developer LLC, a Texas limited liability company, in
its capacity as Manager of PMB VENTANA DEVELOPER SOUTH LLC, a Texas limited liability
company, on behalf of said limited liability company.
(SEAL) 0PiL
.!b F OF
i�i�i/p / 04' 2a`?
Notary Public, State of Texas
19
DEVELOPER:
PUB SWFW DEV CO MANAGER LLC, a
Texas lim' ed liability company
By:
Name: lam. a,V4" I&c.-r
Title:
THE STATE OF TEXAS §
Q>Jko-S
COUNTY OF TARftkNT §
This instrument wa c4ow}edged before me on the day aa1 of rt� ,
2026, by or � C( of PMB SWFW DEV
CO MANAGER LVC, a Texas limited liability company, on behalf of said limited liability
company.
\\\1111111111////
(SEAL) \s P L
�i F ''•/28963�6' 0 ���`
Notary Public, State of Texas
20
REIMBURSEE:
PMB VENTANA DEVELOPER SOUTH LLC,
a Texas limited liability company
By: PMB Ventana Developer LLC,
a Texas limited liability company,
its Manager
By: PB Ventana Manager, LLC,
a Texas limited liability company,
its Manager
By: M��
Name: k. Taylor Baiff
Title: Manager
THE STATE OF TEXAS §
(1a-z>
COUNTY OF4T &
instrument was acknowledged before me on the day Q DL f GLAD r l , l
2026, by d� of P VENTANA
DEVELOPERS TH LLC, a Texas limited liability company, on behalf of said limited liability
company.
(SEAL)
!p F p F ro
�042�0 -
1
Notary Public, State of Texas
21
Exhibit "I"
Legal Description of Improvement Area #5
BEING A 72.059-ACRE TRACT OF LAND SITUATED IN THE T. F. ROGERS SURVEY,
ABSTRACT NO. 1357 AND THE WILLIAM ATKINS SURVEY, ABSTRACT NO. 1961,
CITY OF FORT WORTH, TARRANT COUNTY, TEXAS, AND BEING A PORTION OF
THOSE TRACTS OF LAND DESCRIBED TO PMB VENTANA DEVELOPER SOUTH LLC
BY DEED RECORDED IN COUNTY CLERK FILE NOS. D221026481 (HEREINAFTER
REFERRED TO AS "PMB VENTANA TRACT I") AND D224176443 (HEREINAFTER
REFERRED TO AS "PMB VENTANA TRACT 2"), OFFICIAL PUBLIC RECORDS OF
TARRANT COUNTY, TEXAS, AND BEING ALL OF THAT TRACT OF LAND
DESCRIBED TO PHDFW-VENTANA 36 LLC BY DEED RECORDED IN COUNTY CLERK
FILE NO. D224169598 OF SAID OFFICIAL PUBLIC RECORDS AND BEING ALL OF
THAT TRACT OF LAND DESCRIBED TO AMERICAN LEGEND LOT HOLDINGS LLC
BY DEED RECORDED IN COUNTY CLERK FILE NO. D224123917 OF SAID OFFICIAL
PUBLIC RECORDS AND BEING MORE PARTICULARLY DESCRIBED BY METES AND
BOUNDS AS FOLLOWS:
BEGINNING AT A 5/8-INCH CAPPED IRON ROD STAMPED "JACOBS" FOUND FOR
THE WEST COMMON CORNER OF SAID PMB VENTANA TRACT 1 AND A TRACT OF
LAND DESCRIBED TO FW CLUB LP BY DEED RECORDED IN COUNTY CLERK FILE
NO. D224085431 OF SAID OFFICIAL PUBLIC RECORDS;
THENCE NORTH 00032'29" WEST, WITH THE WEST LINE OF SAID PMB VENTANA
TRACT 1, A DISTANCE OF 1074.43 FEET TO A 5/8-INCH CAPPED IRON ROD
STAMPED "LJA SURVEYING" SET (HEREINAFTER REFERRED TO AS "IRON ROD
SET") FOR THE SOUTHEAST CORNER OF SAID PMB VENTANA TRACT 2;
THENCE NORTH 29001'22" WEST, WITH THE SOUTHWESTERLY LINE OF SAID PMB
VENTANA TRACT 2, A DISTANCE OF 3 10. 00 FEET TO AN IRON ROD SET;
THENCE OVER AND ACROSS SAID PMB VENTANA TRACT 2, THE FOLLOWING
COURSES AND DISTANCES: NORTH 60°58'38" EAST, A DISTANCE OF 60.00 FEET TO
AN IRON ROD SET;
NORTH 29001'22" WEST, A DISTANCE OF 125.00 FEET TO AN IRON ROD SET;
NORTH 60058'38" EAST, A DISTANCE OF 176.00 FEET TO AN IRON ROD SET ON THE
WEST LINE OF SAID PMB VENTANA TRACT 1;
THENCE NORTH 00032'29" WEST, WITH SAID WEST LINE, A DISTANCE OF 341.31
FEET TO A 5/8-INCH CAPPED IRON ROD STAMPED "JACOBS" FOUND FOR THE
SOUTHWEST CORNER OF LOT 18, BLOCK 26, VENTANA, PHASE 5A, AN ADDITION
TO THE CITY OF FORT WORTH, TARRANT COUNTY, TEXAS, AS SHOWN BY PLAT
22
RECORDED IN COUNTY CLERK FILE NO. D221277917, PLAT RECORDS OF TARRANT
COUNTY, TEXAS;
THENCE NORTH 60058'38" EAST, WITH THE NORTHERLY LINE OF SAID PMB
VENTANA TRACT 1, A DISTANCE OF 604.61 FEET TO A 5/8-INCH CAPPED IRON ROD
STAMPED "LJA SURVEYING" FOUND (HEREINAFTER REFERRED TO AS "CAPPED
IRON ROD FOUND" ON THE SOUTHWEST RIGHT-OF-WAY LINE OF EMBARGO
ROAD (A 50-FOOT WIDE RIGHT-OF-WAY), SAME BEING THE NORTHWEST CORNER
OF VENTANA, PHASE 6A-1, AN ADDITION TO THE CITY OF FORT WORTH,
TARRANT COUNTY, TEXAS, AS SHOWN BY PLAT RECORDED IN COUNTY CLERK
FILE NO. D222166626 OF SAID PLAT RECORDS;
THENCE WITH SAID SOUTHWEST RIGHT-OF-WAY LINE, THE FOLLOWING
COURSES AND DISTANCES: SOUTH 29'01'22" EAST, A DISTANCE OF 535.00 FEET TO
A CAPPED IRON ROD FOUND;
SOUTH 15058'38" WEST, A DISTANCE OF 14.14 FEET TO A CAPPED IRON ROD
FOUND; SOUTH 29'01'22" EAST, A DISTANCE OF 50.00 FEET TO A CAPPED IRON
ROD FOUND; SOUTH 74'01'22" EAST, A DISTANCE OF 14.14 FEET TO A CAPPED
IRON ROD FOUND; SOUTH 29'01'22" EAST, A DISTANCE OF 230.00 FEET TO A
CAPPED IRON ROD FOUND; SOUTH 15°58'38" WEST, A DISTANCE OF 14.14 FEET TO
A CAPPED IRON ROD FOUND; SOUTH 29'01'22" EAST, A DISTANCE OF 50.00 FEET
TO A CAPPED IRON ROD FOUND; SOUTH 74'01'22" EAST, A DISTANCE OF 14.14
FEET TO A CAPPED IRON ROD FOUND;
SOUTH 29001'22" EAST, A DISTANCE OF 1.92 FEET TO A CAPPED IRON ROD FOUND
FOR THE BEGINNING OF A CURVE TO THE LEFT HAVING A RADIUS OF 1525.00
FEET AND A CHORD THAT BEARS SOUTH 33010'56" EAST, 221.22 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 8° 19' 08", AN
ARC -DISTANCE OF 221.42 FEET TO A CAPPED IRON ROD FOUND;
SOUTH 37020'30" EAST, A DISTANCE OF 40.91 FEET TO A CAPPED IRON ROD
FOUND; SOUTH 07009'49" WEST, A DISTANCE OF 14.26 FEET TO A CAPPED IRON
ROD FOUND; SOUTH 37020'30" EAST, A DISTANCE OF 50.01 FEET TO A CAPPED
IRON ROD FOUND; SOUTH 82'50' 11" EAST, A DISTANCE OF 14.02 FEET TO A
CAPPED IRON ROD FOUND; SOUTH 37020'30" EAST, A DISTANCE OF 168.42 FEET TO
A CAPPED IRON ROD FOUND; SOUTH 10°07'50" WEST, A DISTANCE OF 13.52 FEET
TO A CAPPED IRON ROD FOUND; SOUTH 31°57'59" EAST, A DISTANCE OF 60.00
FEET TO A CAPPED IRON ROD FOUND; NORTH 57°48'39" EAST, A DISTANCE OF 5.64
FEET TO A CAPPED IRON ROD FOUND;
SOUTH 80004'28" EAST, A DISTANCE OF 14.69 FEET TO A CAPPED IRON ROD FOUND
FOR THE WEST COMMON CORNER OF SAID VENTANA PHASE 6A-1 ADDITION AND
23
VENTANA, PHASE 6B, AN ADDITION TO THE CITY OF FORT WORTH, TARRANT
COUNTY, TEXAS, AS SHOWN BY PLAT RECORDED IN COUNTY CLERK FILE NO.
D224076545 OF SAID PLAT RECORDS;
THENCE WITH THE SOUTHWESTERLY LINE OF SAID VENTANA PHASE 613, THE
FOLLOWING COURSES AND DISTANCES:
SOUTH 37020'30" EAST, A DISTANCE OF 110.29 FEET TO A CAPPED IRON ROD
FOUND; SOUTH 09°34'50" WEST, A DISTANCE OF 13.66 FEET TO A CAPPED IRON
ROD FOUND;
SOUTH 33009'44" EAST, A DISTANCE OF 50.00 FEET TO A CAPPED IRON ROD FOUND
FOR THE SOUTHWEST CORNER OF SAID VENTANA PHASE 6B ADDITION ON THE
NORTH LINE OF SAID AMERICAN LEGEND LOT HOLDINGS LLC TRACT;
THENCE WITH THE NORTHWESTERLY LINE OF SAID AMERICAN LEGEND LOT
HOLDINGS LLC TRACT, THE FOLLOWING COURSES AND DISTANCES:
NORTH 56043'20" EAST, A DISTANCE OF 3.65 FEET TO A CAPPED IRON ROD FOUND;
SOUTH 80031'33" EAST, A DISTANCE OF 14.58 FEET TO A CAPPED IRON ROD
FOUND; NORTH 54023'23" EAST, A DISTANCE OF 50.02 FEET TO A CAPPED IRON
ROD FOUND;
NORTH 07034'26" EAST, A DISTANCE OF 14.16 FEET TO A CAPPED IRON ROD
FOUND FOR THE BEGINNING OF A NON -TANGENT CURVE TO THE LEFT HAVING A
RADIUS OF 905.00 FEET AND A CHORD THAT BEARS NORTH 50003'34" EAST, 66.76
FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 4°13'38", AN
ARC -DISTANCE OF 66.77 FEET TO A CAPPED IRON ROD FOUND;
NORTH 47056'45" EAST, A DISTANCE OF 33.43 FEET TO A CAPPED IRON ROD
FOUND FOR THE NORTHEAST CORNER OF SAID AMERICAN LEGEND LOT
HOLDINGS LLC TRACT, SAME BEING A REENTRANT CORNER OF SAID VENTANA
PHASE 6B ADDITION;
THENCE WITH THE SOUTHWESTERLY LINE OF SAID VENTANA PHASE 6B, THE
FOLLOWING COURSES AND DISTANCES:
SOUTH 37020'30" EAST, A DISTANCE OF 565.64 FEET TO A CAPPED IRON ROD
FOUND; NORTH 52°39'30" EAST, A DISTANCE OF 105.00 FEET TO A CAPPED IRON
ROD FOUND;
24
SOUTH 37020'30" EAST, A DISTANCE OF 153.02 FEET TO A CAPPED IRON ROD
FOUND FOR THE SOUTHWEST CORNER OF SAID VENTANA PHASE 6B ADDITION
ON THE NORTHWESTERLY LINE OF SAID FW CLUB LP TRACT;
THENCE WITH SAID NORTHWESTERLY LINE, THE FOLLOWING COURSES AND
DISTANCES:
SOUTH 46056'31" WEST, A DISTANCE OF 287.44 FEET TO A 5/8-INCH CAPPED IRON
ROD STAMPED "JACOBS" FOUND;
SOUTH 14056'25" WEST, A DISTANCE OF 122.85 FEET TO A 5/8-INCH CAPPED IRON
ROD STAMPED "JACOBS" FOUND;
SOUTH 32045'42" EAST, A DISTANCE OF 102.90 FEET TO AN IRON ROD SET; SOUTH
60024'29" WEST, A DISTANCE OF 780.16 FEET TO AN IRON ROD SET; WEST, A
DISTANCE OF 628.83 FEET TO AN IRON ROD SET;
NORTH 07005'06" WEST, A DISTANCE OF 246.75 FEET TO AN IRON ROD SET; NORTH
24054' 16" WEST, A DISTANCE OF 164.11 FEET TO AN IRON ROD SET;
SOUTH 89027'34" WEST, A DISTANCE OF 444.34 FEET TO THE POINT OF BEGINNING
AND CONTAINING A CALCULATED AREA OF 72.059 ACRES (3,138,884 SQ. FEET) OF
LAND.
25
Exhibit " II"
Description of Authorized Improvements and Budgeted Costs
Description of Authorized Improvements
Roadway Improvements
The road improvement portion of the Improvement Area #5 Improvements consists of the
acquisition, construction, improvement, widening, narrowing, closing and re-routing of streets,
roadways, bridges and arterials and include, subgrade stabilization (including lime treatment and
compaction), concrete, asphalt or other applicable material, curbs, gutters, sidewalks, barrier free
ramps, signage, traffic control devices and wayfinding, landscaping and irrigation, re -vegetation
of disturbed areas within and for the right of way, retaining walls within and for the right of way,
all related earthwork and excavation, and the fair market value of any right-of-way dedication to
the City which benefit the Improvement Area #5 Assessed Property. All roadway projects will be
designed and constructed in accordance with City standards and specifications, including the Fort
Worth Master Throughfare Plan (the "Master Throughfare Plan"), and will be owned and operated
by the City. Local residential streets, as defined by the Master Throughfare Plan, will not be an
Authorized Improvement.
Water Improvements
The water improvements portion of the Improvement Area #5 Improvements consists of
acquisition, construction, improvement and installation of water and reclaimed water supply lines,
and related facilities and equipment, includes waterlines (excluding water lines under 8" and
serving residential area), valves, vaults, fire hydrants, trench safety, testing, related earthwork and
excavation, appurtenances, and the fair market value of any easements granted to the City
necessary for the portion of the water distribution system that will service the Improvement Area
#5 Assessed Property, including improvements that are offsite. The water improvements will be
designed and constructed in accordance with City standards and specifications and will be owned
and operated by the City.
Sanitary Sewer Improvements
The sanitary sewer improvement portion of the Improvement Area #5 Improvements consists of
acquisition, construction, improvement and installation of various sized sanitary sewer pipes
(excluding lines 8" or less and serving residential area), service lines, force main(s), lift station(s),
and related facilities and equipment which include, manholes, encasements, pumps, trench safety,
testing, related earthwork and excavation, appurtenances, and the fair market value of any
easements granted to the City necessary to provide sanitary sewer service to Improvement Area #5
Assessed Property, including improvements that are offsite. The sanitary sewer improvements will
be designed and constructed in accordance with City standards and specifications and will be
owned and operated by the City.
27
Storm Drainage Improvements
The storm drainage improvement portion of the Improvement Area #5 Improvements consists of
the acquisition, construction, improvement and installation of stormwater drainage and detention
improvements and related facilities and equipment which include, storm pipes (all applicable
material), storm boxes, multi -reinforced box culverts, junction boxes, inlets, headwalls, trench
safety, testing, related earthwork and excavation and erosion control, appurtenances, and the fair
market value of any easements granted to the City necessary to provide adequate drainage to the
Improvement Area #5 Assessed Property, including improvements that are offsite. The storm
drainage collection system improvements will be designed and constructed in accordance with
City standards and specifications and will be owned and operated by the City.
Public Landscaping and Trails
The public landscaping and trail improvements of the Improvement Area #5 Improvements
consist of the planting and construction of supplemental landscaping such as parks, ponds, lakes,
open spaces, entry features and areas, which include, sitting stations, benches, shaded structure(s),
hardscape such as walls, statues and monuments, landscaping, plantings, and irrigation, fountains,
playgrounds, athletic facilities, pavilions, lighting and paved parking spaces, which benefit the
Improvement Area #5 Assessed Property. The landscaping improvements will be designed
according to City standards and will be available for public use.
Other Soft and Miscellaneous Costs
The soft and miscellaneous costs portion of the Improvement Area #5 Improvements consists of
all costs related to designing, construction, installing, and financing the Authorized Improvements
including engineering and surveying, land planning and design, project and construction
management fees, City fees (including inspection fees, IPRC engineering plan review fees,
administrative material testing costs, water lab testing fees, permit fees, development fees, capacity
fees and per acre charges), material testing, appraisal, legal and issuance costs, contingency, and
other related soft and miscellaneous costs.
28
Budgeted Costs
ROADWAY IMPROVEMENTS
1,219J
ATER IMPROVEMENTS
$469
WER IMPROVEMENTS
$1,002
STORM DRAINAGE IMPROVEMENTS
PUBLIC LANDSCAPING, TRAILS AND PARKS
$147THER
SOfT AND MISCELLANEOUS COSTS
$1,071
TOTAL AUTNORIIED IMPROVEMENTS
$5,429,72
OF LOTS
17
D EUGI&E COSTS PER LOI
$19,6021
rz
Schedule A to Exhibit "II"
Development Schedule
Public Improvements Start Date: Q3 2025
Projected Public Improvements End Date: Q2 2026
Projected Vertical Improvements Start Date: Early Q2 2026
Projected Vertical Improvements End Date: Q4 2028
30
Schedule B to Exhibit "II"
Engineer's Report(s)
31
: Protection
EA
12.00
$250.00
$3,000.00
:-CCTV Inspection of Storm Drain
LF
4,274.00
$4.00
$17,096.00
ich Safety
LF
4,274.00
$2.00
$8,548.00
RCP, Class III
LF
509.00
$75.00
$38,175.00
RCP, Class III
LF
1,151.00
$85.00
$97,835.00
RCP, Class III
LF
287.00
$105.00
$30,135.00
RCP, Class III
LF
333.00
$115.00
$38,295.00
RCP, Class III
LF
993.00
$160.00
$158,880.00
RCP, Class III
LF
299.00
$200.00
$59,800.00
RCP, Class III
LF
15.00
$235.00
$3,525.00
RCP, Class III
LF
349.00
$285.00
$99,465.00
orm Junction Box
EA
6.00
$7,500.00
$45,000.00
orm Junction Box
EA
5.00
$7,928.57
$39,642.85
acked Manhole
EA
2.00
$15,000.00
$30,000.00
orm Junction Box
EA
2.00
$10,500.00
$21,000.00
'urb Inlet
EA
23.00
$4,000.00
$92,000.00
:urb Inlet
EA
5.00
$5,000.00
$25,000.00
13x3 MBC
LF
338.00
$560.00
$189,280.00
10" X 6' Junction Box
EA
1.00
$28,500.00
$28,500.00
10" X 10'-6" Junction Box
EA
1.00
$50,500.00
$50,500.00
4:1 Sloped End HW
EA
1.00
$3,500.00
$3,500.00
4:1 Sloped End HW
EA
1.00
$4,500.00
$4,500.00
13'x3' 4:1 Sloped End HW
EA
1.00
$18,500.00
$18,500.00
4:1 Sloped End HW
EA
1.00
$6,500.00
$6,500.00
4:1 Sloped End HW
EA
1 1.00
$8,500.00
$8,500.00
Large Stone Type "A" Dry Rip Rap
SY
1 283.00
$165.00
$46,695.00
total - Storm Drainage Improvements $1,309,285.85
,�r.Sofjt bnd Wk ellbneods Costs
i Description
Unit
Quantity
Unit Price
Total Item Cost
nage Easements
LS
1.00
$55,605.31
$55,605.31
total - Storm Drainage Improvements $55,605.31
ich Satety
LF
1,9b1.UU
52.UU
53,922.UU
--rete Collar for Manhole
EA
5.00
$1,500.00
$7,500.00
ich Water Stops
EA
7.00
$350.00
$2,450.00
Casing By Open Cut
LF
20.00
$380.00
$7,600.00
Sewer Carrier Pipe
LF
20.00
$258.00
$5,160.00
Sewer Pipe
LF
1,771.00
$178.00
$315,238.00
Sewer Pipe, CSS Backfill
LF
150.00
$208.00
$31,200.00
DIP Sewer
LF
20.00
$258.00
$5,160.00
ty Manhole Liner
VF
142.00
$485.00
$68,870.00
lanhole
EA
8.00
$4,800.00
$38,400.00
ctra Depth Manhole
VF
70.00
$225.00
$15,750.00
lanhole W/ Hydraulic Slide
EA
4.00
$6,800.00
$27,200.00
nect to Existing 15" Sewer Stub
EA
1.00
$5,500.00
$5,500.00
and Plug 15" PVC
EA
1.00
$2,000.00
$2,000.00
total - Sewer Improvements $550,994.00
�r CAftanA AAic,!n11ik iuc e-Ais _ I
i Description
Unit
Quantity
Unit Price
Total Item Cost
iminary Plat Application Fee
LS
1.00
$1,767.21
$1,767.21
:MA-25-0031 Application Fee
LS
1.00
$714.37
$714.37
1 Plat Application Fee
LS
1.00
$3,375.83
$3,375.83
Review Fee
LS
1.00
$15,895.80
$15,895.80
: Inspection Fees
LS
1.00
$58,882.74
$58,882.74
neering/Surveying
LS
1.00
1 $300,469.32
$300,469.32
1 Geotechinical Report & Testing
LS
1.00
1 $26,894.27
$26,894.27
total - Other Soft and Miscellaneous Costs $407,999.54
Impr�ver6pnis`
i Description
Unit
Quantity
Unit Price
Total Item Cost
ring & Grubbing
ACRE
2.40
$725.00
$1,740.00
lassified Excavation
CY
12.1649.00
$3.20
$40,476.80
ion Control
LS
1.00
$3,196.95
$3,196.95
lining Walls
LS
I
1.00
1
$321,261.001
$321,261.00
rated Lime (32 Ibs/sy for Residential & 42 Ibs/sy for Orchard Way)
TON
156.70
$275.001
$43,092.50
lic..Lafflbstanihi Trails and Parks
i Description
Unit
Quantity
Unit Price
Total Item Cost
SF
81,194.40
$0.70
$56,836.08
Grade
SF
81,194.40
$0.05
$4,059.72
!s
EA
64.00
$700.00
$44,800.00
nits and Inspetion, Design
EA
1.00
$7,000.00
$7,000.00
ation
LS
1.00
$35,000.00
$35,000.00
total - Public Landscaping, Trails and Parks $147,695.80
valve instaiiation
U5
l.uu
>ls,vuu.uu
>1.5,uuu.uu
ip 2 Propeller Installation
LS
1.00
$16,532.00
$16,532.00
ip 3 Propeller Installation
LS
1.00
$16,532.00
$16,532.00
ipletion of All Electrical Submittals
LS
1.00
$20,000.00
$20,000.00
trical and Controls Installation
LS
1.00
$79,368.00
$79,368.00
)ss Pump Submittal
LS
1.00
$10,000.00
$10,000.00
ass Pump Mobilization
LS
1.00
$15,000.00
$15,000.00
ass Installation
LS
1.00
$25,000.00
$25,000.00
ass Pump Schedule Days
Days
12.00
$4,080.83
$48,969.96
ass Pump Monitoring
Days
12.00
$2,488.34
$29,860.08
total - Sewer Improvements $451,260.04
.r Sifttsts endMisce aneous IterYis
i Description
Unit
Quantity
Unit Price
Total Item Cost
Application Fee
LS
1.00
$1,000.00
$1,000.00
Appliction Fee
LS
1.00
$2,508.75
$2,508.75
Inspection Fees
LS
1.00
$75,937.50
$75,937.50
neeering/Surveying
LS
1.00
$65,000.00
$65,000.00
total - Sewer Improvements $144,446.25
lic Landscaping, Trails and Parks $147,696
total - ORCHARD WAY $1,578,376
STATION PHASE2%UPGRADES
er Improvements
$451,260
ar Soft and Miscellaneous Costs $144,446
total - LIFT STATION PHASE 2 UPGRADES $595,706
AL - IMPROVEMENT AREA #5
Tway Improvements
er Improvements
er Improvements
m Drainage Improvements
is Landscaping, Trails and Parks
�r Soft and Miscellaneous Costs
$1,219,985
$468,315
$1,002,254
$1,519,981
$147,696
$608,051
\RING AND GRUBBING
ACRE
43.90
$725.00
$31,827.5
:LASSIFIED EXCAVATION IN 8B
CY
48,532.07
$3.20
$155,302.6
:LASSIFIED EXCAVATION CUT FROM 8A
CY
252,081.44
$3.95
$995,721.6
kL LOT GRADING
LOT
182.00
$250.00
$45,500.0
STURE CONDITIONING (30'x75' PAD) - 4 FEET DEEP
LOT
27.00
$950.00
$25,650.0
STURE CONDITIONING (40'x75' PAD) - 6 FEET DEEP
LOT
38.00
$1,200.00
$45,600.0
STURE CONDITIONING (50'x75' PAD) - 4 FEET DEEP
LOT
25.00
$1,500.00
$37,500.0
STURE CONDITIONING (60'x80' PAD) - 4 FEET DEEP
LOT
10.00
$1,850.00
$18,500.0
STURE CONDITIONING (60'X80' PAD) - 6 FEET DEEP
LOT
8.00
$3,000.00
$24,000.0
STURE CONDITIONING (60'X80' PAD) - 8 FEET DEEP
LOT
9.00
$5,600.00
$50,400.0
STURE CONDITIONING POLY (6 TO 8 MIL THICKNESS)
LOT
126.00
$300.00
$37,800.0
STURE CONDITIONING (30'x75' PAD) - 4 FEET DEEP
LOT
(27.00)
$950.00
($25,650.0
STURE CONDITIONING (40'x75' PAD) - 6 FEET DEEP
LOT
(38.00)
$1,200.00
($45,600.0
STURE CONDITIONING (50'x75' PAD) - 4 FEET DEEP
LOT
(19.00)
$1,500.00
($28,500.0
STURE CONDITIONING (60'x80' PAD) - 4 FEET DEEP
LOT
(10.00)
$1,850.00
($18,500.0
STORE CONDITIONING (50'x75' PAD) - 6 FEET DEEP
LOT
(9.00)
$2,800.00
($25,200.0
STURE CONDITIONING (60'X80' PAD) - 6 FEET DEEP
LOT
(4.00)
$3,000.00
($12,000.0
STURE CONDITIONING (50'x75' PAD) - 8 FEET DEEP
LOT
6.00
$4,500.00
$27,000.0
STURE CONDITIONING (60'X80' PAD) - 8 FEET DEEP
LOT
3.00
$5,600.00
$16,800.0
STURE CONDITIONING POLY (6 TO 8 MIL THICKNESS)
LOT
(104.00)
$300.00
($31,200.0
STURE CONDITIONING (50'x75' PAD) - 4 FEET DEEP (PREV CUT)
LOT
9.00
$1,500.00
$13,500.0
STURE CONDITIONING (60'x80' PAD) - 4 FEET DEEP (PREV CUT)
LOT
6.00
$1,850.00
$11,100.0
STURE CONDITIONING POLY (6 TO 8 MIL THICKNESS)
LOT
65.00
$250.00
$16,250.0
STURE CONDITIONING POLY (6 TO 8 MIL THICKNESS) (PREV CUT)
LOT
5.00
$300.00
$1,500.0
SION CONTROL
EA
1 1.00
$82,424.86
$82,424.8
total - Grading Improvements $1,762,414.5
dway Improvements
Description I Unit I Quantity I Unit Price I Total Item Cost
1.0400 Hydrated Lime (32 Ibs/sy for Residential)
TON
157.00
$285.00
$44,745.0
1.0501 6" Lime Treatment
SY
9,810.00
$4.00
$39,240.0
3.0101 6" Conc Pvmt
SY
9,182.00
$62.00
$569,284.0
3.0301 4" Conc Sidewalk (Developer)
SF
1 950.00
$4.50
$4,275.0
i n,;nh Rarriar FrPP Ramn_ TvnP P-1
I FA
I 9-on
�9.4nn_nn
�4.Ron.n
1►LC►►d►►Ut2 DvnU
L.3
1.vv
,7v.uu
,7v.v
3.3015 2" CONDT PVC SCH 80 (T)
LF
1,879.00
$15.00
$28,185.0
1.1633 Install Type 33B Arm
EA
39.00
$600.00
$23,400.0
1.3002 Rdwy Ilium Assembly TY 8,11,D-25, and D-30
EA
39.00
$2,500.00
$97,500.0
EA
35.00
$750.00
$26,250.0
1.3301 Rdwy Illum Foundation TY 1,2, and 4
EA
39.00
$1,200.00
$46,800.0
LF
4.00
$950.00
$3,800.0
1.1410 NO 10 Insulated Elec Condr
I LF
1 1,879.00
1 $6.00
1 $11,274.0
total - Roadway Improvements $2,763,273.5
lining=lllmprove`rfients mm s
i Description
Unit
Quantity
Unit Price
Total Item Cost
;etaining Walls
LS
1.00
$708,179.00
$708,179.0
;etaining Walls
LS
1.00
$1,065,858.00
$1,065,858.0
total - Retaining Wall Improvements $1,065,858.0
r Imp 6,VeOent
i Description Unit ''Quantity---F Unit Price Total Item Cost
Jaterline Lowering
EA
4.00
$5,500.00
$22,000.0
ich Safety
LF
2,802.00
$2.00
$5,604.0
the Iron Water Fittings w/ Restraint
TON
0.92
$9,500.00
$8,721.0
later Pipe
LF
2,728.00
$56.00
$152,768.0
IP Water, CLSM Backfill
LF
74.00
$86.00
$6,364.0
Hydrant
EA
4.00
$7,500.00
$30,000.0
ombination Air Valve Assembly for Water
EA
3.00
$12,500.00
$37,500.0
later Service
EA
95.00
$1,200.00
$114,000.0
ate Valve
EA
6.00
$2,500.00
$15,000.0
nection to Existing 4"-12" Water Main
EA
5.00
$1,000.00
$5,000.0
rigation Service
EA
1.00
$1,500.00
$1,500.0
Casing By Open Cut
LF
78.00
$320.00
$24,960.0
Jaterline Lowering
EA
18.00
$5,500.00
$99,000.0
ich Safety
LF
5,575.00
$2.00
$11,150.0
later Carrier Pipe
LF
78.00
$66.00
$5,148.0
IV 1115PULAIVII
Lr
J,/71.VV
�,-'F.VV
�L3,1V'F.V
I MH-CCTV Inspection
EA
36.00
$400.00
$14,400.0
thole Vacuum Testing
EA
36.00
$200.00
$7,200.0
ich Safety
LF
5,791.00
$2.00
$11,582.0
ich Water Stops
EA
26.00
$350.00
$9,100.0
Casing By Open Cut
LF
65.00
$380.00
$24,700.0
ewer Carrier Pipe
LF
65.00
$104.00
$6,760.0
ewer Service
EA
180.00
$900.00
$162,000.0
ewer Pipe
LF
5,369.00
$74.00
$397,306.0
ewer Pipe, CSS Backfill
LF
310.00
$94.00
$29,140.0
IP Sewer Pipe
LF
47.00
$104.00
$4,888.0
<y Manhole Liner
VF
227.00
$485.00
$110,095.0
lanhole
EA
34.00
$5,000.00
$170,000.0
rop Manhole
EA
2.00
$6,000.00
$12,000.0
;tra Depth Manhole
VF
124.00
$225.00
$27,900.0
nect to Existing 8" Sewer Stub
EA
2.00
$4,500.00
$9,000.0
and Plug 8" PVC
EA
2.00
$500.00
$1,000.0
total - Sewer Improvements $1,468,747.0
5cape'and Op�nAS'p 601rnp'dvernetits i
i Description
Unit
Quantity
Unit Price
Total Item Cost
SF
65,000.00
$0.70
$45,500.0
Grade
SF
65,000.00
$0.05
$3,250.0
!s
EA
42.00
$700.00
$29,400.0
nits and Inspetion, Design
EA
1.00
$7,000.00
$7,000.0
ation
LS
1.00
$35,000.00
$35,000.0
total - Landscape and Open Space Improvements $120,150.0
er Improvements
er Improvements
iscape and Open Space Improvements
?r Soft and Miscellaneous Costs
�1,Z49,1Z
$1,468,74
$120,15
$842,13
AARY
MAXIMUM
E
ACREAGE
NUMBER OF UNITS
. ne. i— - 1
91
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i
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MASfiEA PLAN
Concept Plan
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469.621.0710
TBPELS F-1386
TBPELS 10110501
www.UA.com
6060 North Central Expressway, Suite 400, Dallas, Texas 75206
February 26, 2026
Re: Engineer's Report
Ventana Phase 8
Fort Worth, Texas
Ventana Phase 8 is a proposed single-family development comprised of approximately 277 residential
lots in Fort Worth, Texas. Phase 8A is comprised of 95 residential lots, and is currently under
construction. Phase 8B is comprised of 182 residential lots, and is also currently under construction.
The proposed authorized infrastructure improvements associated with Phase 8 of the development
are shown in the attached exhibits. A quantity takeoff and associated construction cost summary has
been prepared based on executed contractor bids, and construction costs associated with authorized
improvements have been quantified. Authorized Improvements are categorized as any public utility
infrastructure (public drainage, water and sanitary sewer lines greater than 8" in diameter) serving
Ventana Phase 8, improvements associated with Orchard Way (a 60' wide right-of-way Collector
Road), and improvements associated with the Ventana Lift Station Phase 2 Upgrades (a lift station
upgrade project needed to provide adequate sewer capacity to serve Ventana Phase 8). All Authorized
Improvements are necessary in order to provide utilities and access to Ventana Phase 8 residential
lots.
JAMIE SHELTON
...............................
126873
02.26A.,,,�,
.2026
SANTX-1_AND\0002\NT8401700 COMMUNICATIONS\720 Memo\Ventana Phase 8 Letter 26FEB19.docx
Exhibit "III"
Certification for Payment Form [SUBJECT TO FURTHER REVIEW]
The undersigned is an agent for , a Texas
(the "Developer"), and requests payment from the [applicable
Improvement Account of the Project Fund] (as defined in the Indenture) or [Assessment
Reimbursement Fund] from the City of Fort Worth, Texas (the "City"), or Trustee (as defined in
the Indenture) in the amount of $ for costs incurred in the establishment,
administration, and operation of the Fort Worth Public Improvement District No. 22 (Veale Ranch)
(the "District") and for labor, materials, fees, and/or other general costs related to the design,
acquisition, or construction of certain Authorized Improvements related to the District. Unless
otherwise defined, any capitalized terms used herein shall have the meanings ascribed to them in
the [Indenture] and Improvement Area #5 Reimbursement Agreement, dated , 2026,
and recorded in of the Real Property Records of Parker County and
in the Real Property Records of Tarrant County.
In connection to the above referenced payment, the Developer represents and warrants to the City
as follows:
1. The undersigned is a duly authorized officer of the Developer, is qualified to execute this
payment request form on behalf of the Developer, and is knowledgeable as to the matters
set forth herein.
2. The payment requested for the below referenced Authorized Improvement(s) has not been
the subject of any prior payment request submitted for the same work to the City or, if
previously requested, no disbursement was made with respect thereto.
3. The amount listed for the Authorized Improvement(s) below is a true and accurate
representation of the Actual Costs associated with said Authorized Improvement(s); and
such costs are authorized to be paid to Developer pursuant to the Development Agreement,
the Master Reimbursement Agreement, and the Improvement Area #5 Reimbursement
Agreement.
4. The Developer is in compliance with the applicable terms and provisions of the
Development Agreement, the Indenture, the Developer Continuing Disclosure Agreement,
the Master Reimbursement Agreement, the Improvement Area #5 Reimbursement
Agreement, and the Service and Assessment Plan ("Agreements").
5. All applicable conditions set forth in the Agreements for the payment hereby requested
have been satisfied.
6. The work with respect to the Authorized Improvement(s) referenced below (or their
completed segment, section or portion thereof) has been completed.
7. The Developer has timely paid all ad valorem taxes and annual installments of special
assessments it owes or an entity Developer controls owes, located in the Veale Ranch
Public Improvement District and has no outstanding delinquencies for such assessments.
32
8. All conditions set forth in the Indenture for the payment hereby requested have been
satisfied.
9. The Developer agrees to cooperate with the City in conducting its review of the requested
payment, and agrees to provide additional information and documentation as is reasonably
necessary for the City to complete said review.
10. [Payment hereunder should be rendered to {Reimbursee details}]
Payments requested are as follows:
a. X amount to Person or Account Y for Z goods or services.
b. Etc.
As provided by the Agreements, the Actual Costs for the Authorized Improvement(s) shall be paid
as follows:
Authorized Improvement:
Amount to be paid from
the Fund
Total Cost of Authorized
Improvement
Attached hereto are receipts, purchase orders, change orders, and similar instruments that support
and validate the above requested payments.
Pursuant to the , after receiving this payment request, the City is authorized to inspect
the Public Improvement (or completed, section or portion thereof segment) and confirm that said
work has been completed in accordance with all applicable governmental laws, rules, and plans.
I hereby declare that the above representations and warranties are true and correct.
By:
Name:
Its:
Date:
33
APPROVAL OF REQUEST BY CITY
The undersigned is in receipt of the attached Certification for Payment. After reviewing the
Certification for Payment, the Certification for Payment is approved in the amount of $ ,
and the Trustee or is directed to disburse the requested payment in said amount
from the , in accordance with the Certification for Payment.
CITY OF FORT WORTH, TEXAS
By:_
Name:
Title:
Date:
34
Exhibit "IV"
Closing Disbursement Request
Form of Closing Disbursement Request
The undersigned is an agent for ("Developer") and requests payment to
Developer (or to the person designated by Developer) from the applicable account of the PID
Project Fund from (the "Trustee") in the amount of
$ to be transferred from the applicable account of the
Project Fund upon the delivery of the PID Bonds for costs incurred in the issuance of bonds,
establishment, administration, and operation of the Fort Worth Public Improvement District No.
(22) (Veale Ranch) (the "District") or payment of any costs attributable to the District by
Developer, as follows. Unless otherwise defined, any capitalized terms used herein shall have the
meanings ascribed to them in the Indenture of Trust by and between City and the Trustee dated as
of , 202 (the "Indenture") relating to the "[INSERT NAME OF BONDS]" (the "PID
Bonds"). The term "Authorized Improvements", as used herein, refers to the Authorized
Improvements in [SPECIFY IMPROVEMENT AREA].
In connection with the above referenced payment, Developer represents and warrants to City as
follows:
1. The undersigned is a duly authorized officer of Developer, is qualified to execute this
Closing Disbursement Request on behalf of Developer and is knowledgeable as to the matters set forth
herein.
2. The payment requested for the below referenced costs of issuance, establishment,
administration, and operation of the District or payment of any costs attributable to the District by
Developer at the time of the delivery of the PID Bonds have not been the subject of any prior payment
request submitted to City.
3. The amount listed for the Authorized Improvements below is a true and accurate
representation of the Costs associated with the acquisition, installation or construction of said Authorized
Improvements, and such costs are (i) in compliance with the Reimbursement Agreement, (ii) in compliance
with the Indenture, and (iii) consistent with the Service and Assessment Plan.
4. Developer is in compliance with the applicable -terms and provisions of the Reimbursement
Agreement, the Indenture, Developer Continuing Disclosure Agreement, the Service and Assessment Plan,
and the Development Agreement (as defined in the Reimbursement Agreement).
5. Developer is current on all ad valorem property taxes and District assessments on property
owned by Developer within the District.
6. All conditions set forth in the Indenture and the Reimbursement Agreement for the
payment hereby requested have been satisfied.
7. Developer agrees to cooperate with City in conducting its review of the requested payment
and agrees to provide additional information and documentation as is reasonably necessary for City to
complete said review.
8. Developer has on file with the Attorney General a standing letter addressing the
representations and verifications in Section 12.14 of the Reimbursement Agreement in a form acceptable
to the Attorney General.
Payments requested hereunder shall be made as directed below:
[Information regarding Payee, amount, and deposit instructions attached]
Attached hereto are receipts, purchase orders, change orders, and similar instruments that support
and validate the above requested payments. Also attached hereto are "bills paid" affidavits and
supporting documentation in the standard form for City construction projects.
Pursuant to the Improvement Area #5 Reimbursement Agreement, after receiving this payment
request, the City is authorized to inspect the Authorized Improvements (or completed, section, or
portion thereof segment) and confirm that said work has been completed in accordance with all
applicable laws, rules and regulations.
I hereby declare that the above representations and warranties are true and correct.
By: _
Name:
Title:
36
APPROVAL OF REQUEST BY CITY
City is in receipt of the attached Closing Disbursement Request, acknowledges the Closing
Disbursement Request, and finds the Closing Disbursement Request to be in order. After reviewing
the Closing Disbursement Request, City approves the Closing Disbursement Request and shall
include said payments in City Certificate submitted to the Trustee directing payments to be made
from the applicable account under the Indenture upon delivery of the PID Bonds. The City's
approval of the Closing Disbursement Request for payment shall not have the effect of estopping
or preventing the City from asserting claims under the Indenture, the Service and Assessment Plan,
or any other agreement between the parties, or from asserting that there is a defect in the
Authorized Improvements.
CITY OF FORT WORTH, TEXAS
By: _
Name:
Title:
Date: , 202
37
CERTIFICATE OF INTERESTED PARTIES
1295
FORM
1 of 1
Complete Nos. 1- 4 and 6 if there are interested parties.
OFFICE USE ONLY
Complete Nos.1, 2, 3, 5, and 6 if there are no interested parties.
CERTIFICATION OF FILING
Certificate Number:
12026-1444396
1 Name of business entity filing form, and the city, state and country of the business entity's place
of business.
PMB Capital Investments, LP
Dallas, TX United States
Date Filed:
04/07/2026
2 Name of governmental entity or state agency that is a party to the contract for which the form is
being filed.
City of Fort Worth
Date Acknowledged:
3 Provide the identification number used by the governmental entity or state agency to track or identify the contract, and provide a
description of the services, goods, or other property to be provided under the contract.
60573
Public Improvement District Improvement Area #4 & #5 Reimbursement Agreements
Nature of interest
4 Name of Interested Party
City, State, Country (Place of business){check
applicable)
Controlling
I Intermediary
FW Club LP
Dallas, TX United States
X
FW Maverick Development LLC
Wilmington, DE United States
X
PMB FW Land LP
Dallas, TX United States
X
Coats Rose, P.C.
Houston, TX United States
X
PMB Ventana Developer South LLC
Dallas, TX United States
X
PMB SWFW Dev Co Manager LLC
Dallas, TX United States
X
WA Engineering, Inc.
Houston, TX United States
X
-T
5 Check only if there Is NO Interested Party. ❑
6 UNSWORN DECLARATION
/
My name is and my date of birth is
My address is
(city) (state) (zip code) (country)
I declare under penalty of perjury that the foregoing is true and correct.
�� ` a- s sty
Executed in F County, state of on the of
(month) (year)
Signature of author ent of contracting business entity
(Declarant)
Forms provided by Texas Ethics Commission www.ethics.state.tx.us Version V4.1.0.b6et2aab
6/10/26, 11:48 AM
M&C Review
CITY COUNCIL AGENDA
Create New From This M&C
Official site of the City of Fort Worth, Texas
UNTWORTH
jru
DATE: 4/28/2026 REFERENCE M&C 26- LOG NAME: 03VEALE_RANCH_PID-FY2026
NO.: 0286 (NIA #4 AND NIA#5)
CODE: G TYPE: NON- PUBLIC NO
CONSENT HEARING:
SUBJECT: (CD 3 and ETJ) Conduct Public Hearing to Consider the Levying of Special Assessments
in Improvement Area No. 4 and Improvement Area No. 5 of Fort Worth Public
Improvement District No. 22 - Veale Ranch and Adopt an Ordinance (1) Levying Special
Assessments on Property Located in Improvement Area No. 4 and Improvement Area No.
5 of Fort Worth Public Improvement District No. 22 - Veale Ranch; (2) Approving the
Service and Assessment Plan Update for Improvement Area No. 4 and Improvement Area
No. 5 of Fort Worth Public Improvement District No. 22 - Veale Ranch; (3) Approving the
Assessment Roll for Improvement Area No. 4 and Improvement Area No. 5 of Fort Worth
Public Improvement District No. 22 - Veale Ranch, and (4) Ordaining Related Matters;
and Adopt a Resolution Approving Reimbursement Agreements with PMB FW Land LP
and FW Club LP for the Construction, Acquisition, and Financing of Improvements within
Improvement Area No. 4 and Improvement Area No. 5 of Fort Worth Public Improvement
District No. 22 - Veale Ranch
(PUBLIC HEARING - a. Staff Available for Questions: Crystal Hinojosa; b. Public
Comment; c. Council Action: Close Public Hearing and Act on M&C)
RECOMMENDATION:
It is recommended that the City Council:
1. Conduct a public hearing concerning the proposed special assessments to be levied on the
property located in Improvement Area No. 4 and Improvement Area No. 5 of Fort Worth
Public Improvement District No. 22 - Veale Ranch, with collection to begin in the fiscal
year 2027;
2. Adopt the attached ordinance (a) levying special assessments on property located in
Improvement Area No. 4 and Improvement Area No. 5 of Fort Worth Public Improvement
District No. 22 - Veale Ranch, (b) approving the Service and Assessment Plan Update for
Improvement Area No. 4 and Improvement Area No. 5 of Fort Worth Public Improvement
District No. 22 - Veale Ranch, (c) approving the Assessment Roll for Improvement Area No.
4 and Improvement Area No. 5 of Fort Worth Public Improvement District No. 22 - Veale
Ranch, and (d) ordaining other matters related thereto; and
3. Adopt the attached resolution approving the reimbursement agreements to address the
construction, acquisition, and financing of improvements within Fort Worth Public
Improvement District No. 22 - Veale Ranch, as follows:
a. Improvement Area No. 4 Reimbursement Agreement with PMB FW Land LP and FW Club
LP; and
b. Improvement Area No. 5 Reimbursement Agreement with PMB Ventana Developer South
LLC and PMB SWFW Dev Co Manager LLC.
DISCUSSION:
The purpose of this Mayor and Council Communication (M&C) is to conduct a public hearing,
approve the Service and Assessment Plan, approve the Assessment Roll, authorize a
Reimbursement Agreement with PMB FW Land P and FW Club LP and ordain other matters related
thereto and intend to address Improvement Area No. 4 and Improvement Area No. 5 of the Veale
Ranch PID, which is the 4th and 5th phase of development. In August 2023 the City Council
approved the creation of the Veale Ranch Public Improvement District (Veale Ranch PID),
apps.cfwnet.org/council_packet/mc_review.asp?ID=34329&councildate=4/28/2026 1/4
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M&C Review
encompassing approximately 5,200 acres of land located primarily within Fort Worth's extraterritorial
jurisdiction in Parker and Tarrant Counties, as a vehicle to reimburse FW Club LP (the Developer) for
certain authorized public infrastructure improvements associated with the development known as
Veale Ranch/Team Ranch, Rolling V South, and Ventana South (collectively, the Development). The
Development is anticipated to occur in phases over a period of up to 50 years, with each phase
constituting an "Improvement Area" (IA). PID assessments, potential Tax Increment Reinvestment
Zone (TIRZ) collections, and bond issuances may occur following annexation of each IA for 25- to 30-
year periods to reimburse eligible improvement costs. This Mayor and Council Communication (M&C)
intends to address Improvement Area No. 4 and Improvement Area No. 5 of the Veale Ranch PID,
which is the 4th and 5th phase of development.
On March 10, 2026, the City Council adopted Resolution No. 6280-03-2026 concerning certain
matters related to the Veale Ranch PID, including the following: (1) determining the costs of certain
public improvements; (2) accepting a preliminary service and assessment plan update, including a
proposed assessment roll; (3) directing the filing of the proposed updated assessment roll with the
City Secretary; (4) calling for a public hearing to consider the ordinance levying special assessments
on property located within the area defined as Improvement Area No. 4 and Improvement Area No. 5
of the Veale Ranch PID; and (5) directing staff to publish and mail notice of this public hearing to the
property owners liable for payment of the special assessment.
As outlined in the Service and Assessment Plan, Improvement Area No. 4 has improvements in the
amount of $13,399,137.00, that are to be funded by the special assessments. The special
assessments will be levied across 136 residential units (representing 421.082 acres) and collected
over a 30-year period. The 136 lots are divided into two categories, with each category represented
by lot width and/or type. Including categories as follows: cottage lots and estate lots. Assessments
will be allocated as follows:
Lot Size I # of Lots ( Annual Installment
Cottage Lots F 100 $12,225.75
Estate Lots 1 36 $9,304.88
The above shown amounts are calculated using an interest rate of 9.06\% per annum for the first five
years and 7.04\% per annum for the remaining 25 years.
Improvement Area No. 5 has improvements in the amount of $5,429,728.00, that are to be funded by
the special assessments. The special assessments will be levied across 277 residential units
(representing 72.059 acres) and collected over a 30-year period. The 277 lots are divided into two
categories, with each category represented by lot width and/or type. Widths including categories as
follows: 40 feet, 50 feet, 60 feet and 70 feet. Assessments will be allocated as follows:
Lot Size
# of Lots
Annual Installm
nt
40 feet
F-- 37
$2,195.23
50 feet
1 163
$2,462.22
60 feet
1 38
$2,699.54
70 feet
1 39
[$2,966.53
The above shown amounts are calculated using an interest rate of 9.06\% per annum for the first five
years and 7.04\% per annum for the remaining 25 years.
The total principal reimbursement amount for IA 4 is $16,630,000.00.
The Parties will be responsible for managing all construction for the development of the lots and
residential units within the Veale Ranch PID. Following execution of the improvement area
reimbursement agreement, the City will begin to make monthly payments to the Parties in satisfaction
of the Reimbursement Amount from the special assessments revenues, less any administrative fees,
once the Parties submit payment requisitions.
The Reimbursement Amount for Improvement Area No. 4 will be paid over a maximum period of 30
years. Until bonds, if any, are issued, the Parties will be entitled to interest on the unpaid
Reimbursement Amount at the rate of 9.06 percent per annum for the first five years and 7.04 percent
per annum for the remaining 25 years. If any portion of the Reimbursement Amount remains unpaid
apps.cfwnet.org/council_packet/mc_review.asp?ID=34329&councildate=4/28/2026 2/4
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M&C Review
after the City has elected to issue bonds, the interest rate on the unpaid Reimbursement Amount will
be the same as the interest rate on the bonds. It is anticipated that within five years, provided that the
Parties have satisfied certain obligations designed to ensure the rapid development of the entire
Veale Ranch PID, the City will explore options to accelerate the reimbursement of the Parties by
issuing debt secured by a portion of the special assessments.
The total reimbursement for Improvement Area No. 5 is $6,809,000.00.
PMB Ventana Developer South LLC and PMB SWFW Dev Co Manager LLC (the Developers) will be
responsible for managing all construction for the development of the lots and residential units within
the Veale Ranch PID. Following execution of the improvement area reimbursement agreement, the
City will begin to make monthly payments to the Developers in satisfaction of the Reimbursement
Amount from the special assessments revenues, less any administrative fees, once the Developer
submits payment requisitions
The Reimbursement Amount for Improvement Area No. 4 will be paid over a maximum period of 30
years. Until bonds, if any, are issued, the Developer will be entitled to interest on the unpaid
Reimbursement Amount at the rate of 9.06 percent per annum for the first five years and 7.04 percent
per annum for the remaining 25 years. If any portion of the Reimbursement Amount remains unpaid
after the City has elected to issue bonds, the interest rate on the unpaid Reimbursement Amount will
be the same as the interest rate on the bonds. It is anticipated that within five years, provided that the
Developer has satisfied certain obligations designed to ensure the rapid development of the entire
Veale Ranch PID, the City will explore options to accelerate the reimbursement of the Developer by
issuing debt secured by a portion of the special assessments.
This project is located in COUNCIL DISTRICT 3 and ETJ.
FISCAL INFORMATION/CERTIFICATION:
The Director of Finance certifies that approval of this agreement will have no material effect on the
Fiscal Year 2026 Budget. While no current year impact is anticipated from this action, any effect on
expenditures and revenue will be budgeted in future Fiscal Years and will be included in the long-term
financial forecast.
TO
Fund Department Account Project Program Activity Budget Reference # Amount
ID I I ID I I I Year I (Chartfield 2)
FROM
Fund Department Account Project Program Activity Budget I Reference # I Amount
ID I I ID I I I Year Chartfield 2
Submitted for City Manager's Office by_
Originating Department Head:
Additional Information Contact:
ATTACHMENTS
Christianne Simmons (6222)
Brady Kirk (8712)
IA #4 & IA #5 Form 1295 Signed.pdf (CFW Internal)
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M&C Review
Veale Ranch Development Improvement Area 4 Reimbursement Agreement(4449241.4) upd 3.30.pdf (Public)
Veale Ranch Development Improvement Area 5 Reimbursement Agreement Final upd 3.30.pdf (Public)
Veale Ranch IA4 & IA5 - Assessment Ordinance (Final).(4438724.3) (1).docx (Public)
Veale Ranch IA4 & IA5 Reimbursement Agreement Resolution (Final)(4441600.3)_(1).docx (Public)
Veale Ranch PID IA #4 & 5 Fnal SAP v2.0 (1).pdf (Public)
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FORTWORTH
Routing and Transmittal Slip
DOCUMENT TITLE: Veale Ranch Development IA #4 Reimbursement Agreement;
Veale Ranch Development IA #5 Reimbursement Agreement;
M&C: 26-0286 CPN:
CSO#:
DOC#:
DATE: 6/10/26
TO:
INIT S:
DATE OUT:
Trey Qualls, Sr Assistant Attorney
Dana Burghdoff, ACM
Jannette Goodall, City Secretary
DOCUMENTS FOR CITY MANAGER'S SIGNTURE: All documents received from City Departments
requesting City Manager's signature for approval MUST BE ROUTED TO THE APPROPRIATE ACM
for approval first when applicable.
NEEDS TO BE NOTARIZED: W]Yes F-1No
RUSH: Yes 7 No
SAME DAY: Yes 1-1NoNEXT DAY
ROUTING TO CSO: ✓❑ Yes 1-1 No
Action Required:
—As Requested
_ For Your Information
Signature/Routing and/or Recording
_ Comment
File
RETURN TO: Holly Fortes, x7687
❑ Yes ❑ No
_ Attach signature, initial and notary tabs
Contractor's Name:
Subject of the Agreement:
FORT WORTH.
City Secretary's Office
Contract Routing & Transmittal Slip
Veale Ranch Development IA #4 Reimbursement Agreement;
Veale Ranch Development IA #5 Reimbursement Agreement;
M&C Approved by the Council? * Yes ® No ❑
If so, the M&C must be attached to the contract.
Is this an Amendment to an Existing contract? Yes ❑ No 8
If so, provide the original contract number and the amendment number.
Is the Contract "Permanent"? *Yes ❑ No 8
If unsure, see back page for permanent 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: 4/28/26
If different from the approval date.
Expiration Date:
If applicable.
Is a 1295 Form required? * Yes 8 No ❑
*If so, please ensure it is attached to the approving M&C or attached to the contract.
Project Number: Ifapplicable.
*Did you include a Text field on the contract to add the City Secretary Contract (CSC)
number? Yes ❑ No 8
Contracts need to be routed for CSO processing in the followingorder:
rder:
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.