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HomeMy WebLinkAbout065658 - Construction-Related - Contract - HMH Deer Creek Land, LLC & Bloomfield Homes L.P.CSCO NO. 65658 TRANSPORTATION IMPACT FEE CREDIT AGREEMENT THIS TRANSPORTATION IMPACT FEE CREDIT AGREEMENT (the "Agreement") is made and entered into effective as of the Effective Date (as defined below), by and among THE CITY OF FORT WORTH, TEXAS (the "City"), a Texas home rule municipal corporation, HMH Deer Creek Land, LLC ("Owner 1 "), a Texas limited liability company, Bloomfield Homes, LP ("Owner 2"), a Texas limited partnership, and Lennar Homes of Texas Land and Construction, LTD ("Assignee"), a Texas limited partnership authorized to do business in Texas (the City, the Owner(s), and the Assignee a "Party", and collectively, the "Parties"). RECITALS WHEREAS, the Owners (Owner 1 and Owner 2) are the owners of approximately 501.217 acres in Tarrant County, Texas, as described by metes and bounds in Exhibit "A" (the "Property") located within the corporate boundaries of the City. A map of the Property showing its location is attached hereto as Exhibit "B"; and WHEREAS, the Owner desires to proceed with development of the Property as described or illustrated on the Development Plan, attached hereto as Exhibit "C ", which identifies the on - site and/or off -site transportation facilities necessary for serving full development of the Property; and WHEREAS, the City has adopted a Transportation Impact Fee program pursuant to Texas Local Government Code Chapter 395, codified in City Code Chapter 30, Article VIII, as amended, under which transportation impact fees are imposed on new development for impacts to the City's transportation facilities as a result of said development; and WHEREAS, transportation impact fees are collected and must be spent by the City on impact fee eligible transportation facilities identified within the City's adopted Transportation Improvements Plan ("TIP"), as amended, within the service area(s) in which the new development is located; and WHEREAS, the Transportation Impact Fee Program provides for credits against impact fees for dedication of right-of-way and/or construction of transportation improvements identified as impact fee eligible on the adopted TIP; and WHEREAS, the Property is located within service area Z; and WHEREAS, certain transportation facilities depicted on Exhibit "D" are identified as impact fee eligible within the City's adopted TIP and therefore eligible for impact fee credit; and WHEREAS, Owner has agreed to dedicate the right-of-way and/or construct the transportation improvements shown on Exhibit "D" for which credits against transportation impact fees shall be granted; and OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX Transportation Impact Fee Credit Agreement- CA-24-018 Page 1 of 22 Deer Creek Meadows 7/27/2026 WHEREAS, Owner 2, Bloomfield Homes, LP, has received preliminary plat approval for Deer Creek Meadows, PP-18-084, on 05/09/2024; and WHEREAS, Owner 2, Bloomfield Homes, LP, has dedicated 80,656 square feet of right- of-way for Hemphill Street with FP-23-103, recorded as Instrument D224030861, on 02/22/2024; and WHEREAS, Owner 2, Bloomfield Homes, LP, has dedicated 410,476 square feet of right- of-way for McPherson Blvd with FP-23-109, recorded as Instrument D224213134, on 11/26/2024; and WHEREAS, Owner 1, HMH Deer Creek Land, LLC, has received approval for construction plans (IPRC22-0054) on 06/20/2023, and executed a Community Facilities Agreement (CFA23-0049, CSCO 59651), on 06/23/2023, and obtained final acceptance by the City for Hemphill Street, CPN 104026, on 08/08/2024; and WHEREAS, Owner 2, Bloomfield Homes, LP, received approval for construction plans (IPRC21-0181) on 08/24/2023, and executed a Community Facilities Agreement (CFA23-0090, CSCO 60037), on 08/31/2023, and obtained final acceptance by the City for McPherson Boulevard, CPN 103880, on 10/24/2024; and WHEREAS, the Owners desire to assign the Agreement to the Assignee. Each Developer acts on behalf of itself and in their capacity as an owner of the improvements constructed within the Deer Creek Meadows property. NOW, THEREFORE, for and in consideration of the mutual agreements, covenants, and conditions contained herein, and other good and valuable consideration, the City and the Owner hereby covenant and agree as follows: 1. Recitals. The recitals contained in this Agreement are true and correct as of the Effective Date and form the basis upon which the Parties negotiated and entered into this Agreement. 2. Transportation Improvements. Owner agrees to dedicate the rights -of -way for and/or construct the system facilities identified in Exhibit "D". For any transportation improvement which has been previously dedicated or constructed by Owner on the Property and accepted by the City prior to execution of this Agreement, the improvement shall be identified as completed on Exhibit "D". 3. Credits. The Parties agree that the estimated value of the credits for each transportation improvement, expressed in current dollars, shall be as set forth in Exhibit "E". The value of credits associated with the improvements first shall be reduced by the Schedule 2 impact fee associated with any lot for which a building permit has previously been issued, and the net value of credits shown on Exhibit "E" shall be considered as exact. 4. Phasing. The Parties acknowledge that, where it is anticipated that the project will be developed in phases, the anticipated construction of improvements by phase shall be as depicted in Exhibit "D", which is attached hereto and incorporated herein by reference. Transportation Impact Fee Credit Agreement- CA-24-018 Page 2 of 22 Deer Creek Meadows 7/27/2026 5. Allocation of Credits by Phase. The general allocation of credits to each phase of the development shall be as shown on Exhibit "F", which is attached hereto and incorporated herein by reference. The Parties agree that the credits identified in this Agreement shall not be deemed to have been created until the system facility for which credit is to be granted has been dedicated and accepted (in the case of right-of-way) or constructed through an executed Community Facilities Agreement (for 75% of the eligible roadway construction credit) and final acceptance by the City has been obtained (for 100% of the eligible roadway construction credit). 6. Term and Effective Date. The term of this Agreement shall be ten (10) years from its Effective Date. 7. Assignment. Owner shall have the right to assign this Agreement to any person or entity ("Owner's Assignee") with the written consent of the City, provided: (a) the assignment is in writing executed by the Owner and its assignee; and (b) the assignment incorporates this Agreement by reference and binds the Owner's Assignee to perform (to the extent of the obligations assigned) in accordance with this Agreement. Each Owner's Assignee shall become a Party to this Agreement upon the execution of such assignment. In no event may this Agreement be construed to authorize assignment of any credits attributable to a system facility to be dedicated or constructed hereunder for use outside the boundaries of the Property. A credit agreement amendment executed by the City, any remaining Owners, and the Owner's Assignee will be required to formally transfer any credits for use. Amendment. This Agreement shall not be modified or amended except as follows: (a) Any revision, amendment, assignment, or modification to this Agreement or any Exhibit or schedule hereto shall be in writing and signed by the Parties. (b) Any revision, amendment, assignment, or modification to this Agreement, the Development Plan, or any Exhibit or schedule thereto, shall become effective on the date executed by the Parties or, as applicable, upon the date of approval by the City Council or designated city official. 9. Exhibits. The exhibits attached to this Agreement are incorporated as part of this Agreement for all purposes as if set forth in full in the body of this Agreement. (Remainder of Page Intentionally Left Blank) Transportation Impact Fee Credit Agreement- CA-24-018 Page 3 of 22 Deer Creek Meadows 7/27/2026 IN WITNESS WHEREOF, the undersigned parties have executed this Agreement to be effective as of the date subscribed by the City's Assistant City Manager. CITY OF FORT WORTH, TEXAS Jesica McEachern Assistant City Manager Date: 08/11 /2026 Recommended By: Dalton Harrell (Jul 28, 2026 09:21:04 CDT) DJ Harrell Director, Development Services Approved as to Form and Legality: Douglas Black (Aug 3, 2026 12:21:51 CDT) Douglas Black Assistant City Attorney M : None required Form 1295: None required ATTEST: h .Casa•, Jannette Goodall City Secretary goaannn a F FORT �aa ao ,,e000,, o%W ~8 dIlnco nnEX6?oo0 OWNER 1 HMH Deer Creek Land, LLC A Texas limited liability company By: BNMJR, Inc. a Texas corporation its Manager X&- Nelson Mitc I (Jul 27, 2026 17:04:31 CDT) B. Nelson Mitchell, Jr. CEO Date: 07/27/2026 OWNER 2 Bloomfield Homes, L.P., a Texas limited partnership By: Bloomfield Properties, Inc., a Texas corporation, its General Partner Dohald J Dykstra (Jul 27, 2026 17:17:09 CDT) Donald J. Dykstra President Date: 07/27/2026 ASSIGNEE LENNAR HOMES OF TEXAS LAND AND CONSTRUCTION, LTD. a Texas �^'�Limited Partnership Jennifer Eller (Jul 28, 2026 07:24:13 CDT) Jennifer Eller Authorized Agent OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX Transportation Impact Fee Credit Agreement- CA-24-018 Page 4 of 22 Deer Creek Meadows 7/27/2026 City Contract Compliance Manager: By signing, I acknowledge that I am the person responsible for the monitoring and administration of this contract, including ensuring all performance and reporting requirements. Kamal L. Crues Sr. Capital Projects Officer, Development Service Department Transportation Impact Fee Credit Agreement- CA-24-018 Page 5 of 22 Deer Creek Meadows 7/27/2026 EXHIBIT LIST "A" Description of the Property "B" M p of Property "C" Development Plan "D" Eligible Transportation Improvements "E" Credits Against Transportation Impact Fees "F" Allocation of Credits Transportation Impact Fee Credit Agreement- CA-24-018 Page 6 of 22 Deer Creek Meadows 7/27/2026 EXHIBIT A Description of Property: Deer Creek Meadows Preliminary Plat, PP-18-084 TRACT 1 PARCEL A BEING a tract of land situated in the J. Sise Survey, Abstract No. 1434, the S.A. & M.G. RR Company Survey, Abstract No. 1483, the H. Lane Survey, Abstract No. 927, the J. Jennings Survey, Abstract No. 875, the H. Walker Survey, Abstract No. 1622, and the C. Martin Survey, Abstract No. 1022, Tarrant County, Texas, being a portion of that called 742.636 acre tract of land as described in deed to B.N. Development Company, Inc., recorded in D201315600 & D206387271, Official Records, Tarrant County, Texas (OPRTCT), being a portion of that called 209.435 acre tract as described in deed to B.N. Development Company, Inc., recorded in D201315599 & D206387270, OPRTCT, being a portion of that called 149.364 acre tract as described in deed to B.N. Development Company, Inc., recorded in D201315601, OPRTCT, and being more particularly described as follows: BEGINNING at a PK nail with a Goodwin & Marshall shiner set in West Risinger Road (Variable Width R.O.W.) at the northeast corner of Hemphill Street (Variable Width R.O.W.) as dedicated by the final plat of Lot 1, Block 1, Cowley ISD South East Campus, an addition to the City of Fort Worth, Tarrant County, Texas as recorded in Cabinet A, Slide 12602, Plat Records, Tarrant County, Texas, said point lying in the north lime of said called 742.636 acre tract; THENCE North 89 degrees 55 minutes 30 seconds East, in said West Risinger Road, along the north line of said called 742.636 acre tract, a distance of 1,609.26 feet to a 1/2" rebar capped Goodwin & Marshall set (hereafter referred to as 1/2" rebar capped set) the northeast corner of said called 742.636 acre tract and being in the west right-of-way line of the M.K. & T. Railroad Company R.O.W. (100' right-of-way); THENCE South 08 degrees 43 minutes 50 seconds East, along the west line of said M.K. & T. Railroad Company R.O.W. and the east line of said called 742.636 acre tract, at a distance of 3 0.3 5 feet passing a 1" rebar found, continuing a total distance of 7,925.22 feet to a 1/2" rebar capped set at the most easterly southeast corner of said called 742.636 acre tract; THENCE North 89 degrees 51 minutes 37 seconds West, departing the west line of said M.K. & T. Railroad Company R.O.W., along a reentrant line of said called 742.636 acre tract, and the north line of Tract No. 7 as described in deed to Smith's Southeast Investments, L.P., recorded in D202052277, OPRTCT, a distance of 1,247.97 feet to a 3/4" rebar found at a reentrant corner of said called 742.636 acre tract and the northwest corner of said Smith's Southeast Investments Tract No. 7; THENCE South 00 degrees 03 minutes 12 seconds East, along a reentrant line of said called 742.636 acre tract and the west line of said Smith's Southeast Investments Tract No. 7, a distance of 9.35 feet to a 1/2" rebar capped set; THENCE departing the west line of said Smith's Southeast Investments Tract No. 7, across said B.N. Development Company called 742.636 acre and said called 209.435 acre tracts, as follows: Transportation Impact Fee Credit Agreement- CA-24-018 Page 7 of 22 Deer Creek Meadows 7/27/2026 Northwesterly, along a non -tangent curve to the right, having a radius of 5,054.50 feet, a central angle of 24 degrees 16 minutes 28 seconds, an arc distance of 2,141.45 feet, and a chord that bears North 12 degrees 52 minutes 21 seconds West, 2,125.47 feet to a 1/2" rebar capped set at the end of said curve; North 00 degrees 44 minutes 07 seconds West, tangent to said curve, a distance of 438.16 feet to a 1/2" rebar capped set; North 45 degrees 34 minutes 26 seconds West, a distance of 120.55 feet to a 1/2" rebar capped set; South 89 degrees 35 minutes 15 seconds West, a distance of 5,244.41 feet to a 1/2" rebar capped set in the east line of North Crowley Road (FM 731— variable width R.O.W.) and the west line of said called 209.435 acre tract; THENCE North 00 degrees 11 minutes 13 seconds West, along the east line of North Crowley Road and the west line of said called 209.435 acre tract, a distance of 110.00 feet to a 1" rebar found at the most westerly northwest corner of said called 209.435 acre tract and the southwest corner of a called 39.968 acre tract described in deed to B.N. Development Company, Inc., recorded in D206387279, OPRTCT; THENCE North 89 degrees 35 minutes 15 seconds East, departing the east line of said North Crowley Road, along a reentrant line of said called 209.435 acre tract and the south line of said called 39.968 acre tract, passing a reentrant corner of said called 209.435 acre tract and the southeast corner of said called 39.968 acre tract, thereafter across said called 209.435 acre tract, a total distance of 2,062.50 feet to a 1/2" rebar capped set; THENCE across said called 209.435 acre tract, as follows: North 00 degrees 24 minutes 45 seconds West, a distance of 486.12 feet to a 1/2" rebar capped set at the beginning of a tangent curve to the right, having a radius of 530.00 feet; Northeasterly, along said curve, having a central angle of 66 degrees 48 minutes 26 seconds, an arc distance of 617.98 feet, and a chord that bears North 32 degrees 59 minutes 28 seconds East, 583.57 feet to a 1/2" rebar capped set at the end of said curve; North 66 degrees 23 minutes 41 seconds East, tangent to said curve, a distance of 294.93 feet to a 1/2" rebar capped set; North 23 degrees 36 minutes 19 seconds West, a distance of 109.49 feet to a 1/2" rebar capped set at the northeast corner of said called 209.435 acre tract and the southeast corner of Lot 19, Block 1, Clark Addition, an addition to the City of Fort Worth, Tarrant County, Texas as recorded in Volume 388-118, Page 66, Plat Records, Tarrant County, Texas, being an angle point in the west line of said called 742.636 acre tract; THENCE North 00 degrees 22 minutes 48 seconds West, along the west line of said called 742.636 acre tract, a distance of 1,304.72 feet a 1" steel pipe found at a reentrant corner of said Transportation Impact Fee Credit Agreement- CA-24-018 Page 8 of 22 Deer Creek Meadows 7/27/2026 called 742.636 acre tract and the northeast corner of a tract of land as described in deed to Thomas M. Leeth and Yvonne E. Leeth, recorded in Volume 11840, Page 1666, Deed Records, Tarrant County, Texas; THENCE South 89 degrees 38 minutes 47 seconds West, along a reentrant line of said called 742.636 acre tract and the south line of said called 149.364 acre tract, a distance of 798.32 feet to a 5/8" rebar capped TNP found in the south line of a tract of land as described in deed to Crowley Independent School District, recorded in D206387274 & D206387276, OPRTCT; THENCE along the south line of said Crowley ISD tract, as follows; Northeasterly, along a non -tangent curve to the left, having a radius of 3,620.00 feet, a central angle of 20 degrees 20 minutes 41 seconds, an are distance of 1,285.39 feet, and a chord that bears North 79 degrees 28 minutes 07 seconds East, 1,278.65 feet to a 5/8" rebar capped TNP found at the end of said curve; North 69 degrees 17 minutes 55 seconds East, non -tangent to said curve, a distance of 213.75 feet to a 5/8" rebar capped TNP found at the beginning of a tangent curve to the right, having a radius of 1,300.00 feet; Northeasterly, along said curve, having a central angle of 22 degrees 18 minutes 50 seconds, an arc distance of 506.28 feet, and a chord that bears North 80 degrees 27 minutes 20 seconds East, 503.09 feet to a 5/8" rebar capped TNP found at the end of said curve; South 88 degrees 24 minutes 15 seconds East, non -tangent to said curve, a distance of 285.96 feet to a 5/8" rebar capped TNP found at the most southerly southeast corner of said Crowley ISD tract; THENCE along the east line of said Crowley ISD tract, as follows: Northeasterly, along a non -tangent curve to the right, having a radius of 1,960.00 feet, a central angle of 11 degrees 30 minutes 31 seconds, an arc distance of 393.69 feet, and a chord that bears North 07 degrees 21 minutes 49 seconds East, 393.03 feet to a 5/8" rebar capped TNP found at the end of said curve; North 13 degrees 07 minutes 04 seconds East, tangent to said curve, a distance of 259.69 feet to a 5/8" rebar capped TNP found in the south line of said Hemphill Street and the final plat of Lot 1, Block 1, Cowley ISD South East Campus; THENCE North 89 degrees 48 minutes 16 seconds East, along the south line of said final plat, a distance of 847.62 feet to a 1/2" rebar capped set at the southeast corner of said Lot 1, Block 1; THENCE North 00 degrees 11 minutes 44 seconds West, along the east line of said Lot 1, Block 1, a distance of 850.00 feet to a 1/2" rebar capped set at the northeast corner of said Lot 1, Block 1; Transportation Impact Fee Credit Agreement- CA-24-018 Page 9 of 22 Deer Creek Meadows 7/27/2026 THENCE South 89 degrees 48 minutes 16 seconds West, along the north line of said Lot 1, Block 1, passing the northwest corner of said Lot 1, Block 1, a distance of 740.92 feet to a 1/2" rebar capped set at an angle point in the east line of aforementioned Hemphill Street as dedicated by plat; THENCE North 00 degrees 11 minutes 44 seconds West, along the east line of said Hemphill Street as dedicated by plat, a distance of 784.39 feet to the POINT OF BEGINNING and containing 19,218,272 square feet or 441.191 acres of land. TRACT 1 PARCEL C BEING a tract of land, situated in the H. Walker Survey, Abstract No. 1622 and the J. Jennings Survey, Abstract No. 875, Tarrant County, Texas, being a portion of that called 39.968 acre tract described in a deed to B.N. Development Company, Inc., recorded in D206387279, Official Public Records, Tarrant County, Texas (OPRTCT), being a portion of that called 209.435 acre tract described in deed to B.N. Development Company, Inc., recorded in D201315599 & D206387270, OPRTCT, being a portion of that called 742.636 acre tract of land as described in deed to B.N. Development Company, Inc., recorded in D201315600 & D206387271, OPRTCT, and being more particularly described as follows: BEGINNING at a 1" rebar found in the east line of North Crowley Road (FM 731 — variable width R.O.W.) at the northwest corner of said called 39.968 acre tract and the southwest corner of a tract of land as described in deed to Edward Grace and wife, Susanne S. Grace, recorded in Volume 15645, Page 33, Deed Records, Tarrant County, Texas; THENCE North 89 degrees 43 minutes 51 seconds East, departing the east line of said North Crowley Road, at a distance of 1463.03 feet (deed 1462.89 feet) passing a 1" rebar found at the northeast corner of said called 39.968 acre tract and the most northerly northwest corner of said called 209.435 acre tract, continuing a total distance of 2,613.33 feet to a 1/2" rebar capped Goodwin & Marshall set (hereafter referred to as 1/2" rebar capped set) at the northeast corner of said called 209.435 acre tract and the southeast corner of Lot 19, Block 1, Clark Addition, an addition to the City of Fort Worth, Tarrant County, Texas as recorded in Volume 388-118, Page 66, Plat Records, Tarrant County, Texas, being an angle point in the west line of said called 742.636 acre tract; THENCE across said called 742.636 acre tract, said 209.435 acre tract, and said called 39.968 acre tract, as follows: South 23 degrees 36 minutes 19 seconds East, a distance of 109.49 feet to a 1/2" rebar capped set; South 66 degrees 23 minutes 41 seconds West, a distance of 294.93 feet to a 1/2" rebar capped set at the beginning of tangent curve to the left, having a radius of 530.00 feet; Southwesterly, along said curve, having a central angle of 66 degrees 48 minutes 26 seconds, an are distance of 617.98 feet, and a chord that bears South 32 degrees 59 Transportation Impact Fee Credit Agreement- CA-24-018 Page 10 of 22 Deer Creek Meadows 7/27/2026 minutes 28 seconds West, 583.57 feet to a 1/2" rebar capped set at the end of said curve; South 00 degrees 24 minutes 45 seconds East, tangent to said curve, a distance of 46.12 feet to a 1/2" rebar capped set at the southeast corner of the herein described tract of land; South 89 degrees 35 minutes 15 seconds West, a distance of 1,138.00 feet to a 1/2" rebar capped set; North 00 degrees 24 minutes 45 seconds West, a distance of 410.00 feet to a 1/2" rebar capped set; South 89 degrees 35 minutes 15 seconds West, a distance of 921.15 feet to a 1/2" rebar capped set in the east line of said North Crowley Road and the west line of said called 39.968 acre tract; THENCE along the east line of said North Crowley Road and the west line of said called 39.968 acre tract, as follows: North 00 degrees 11 minutes 13 seconds West, a distance of 154.99 feet to a 1/2" rebar capped set at the beginning of a tangent curve to the left, having a radius of 2,924.80 feet; Northwesterly, along said curve, having a central angle of 03 degrees 45 minutes 22 seconds, an arc distance of 191.74 feet, and a chord that bears North 02 degrees 03 minutes 54 seconds West, 191.71 feet to the POINT OF BEGINNING and containing 1,329,626 square feet or 30.524 acres of land. TRACT 1 PARCEL D BEING a tract of land, situated in the H. Walker Survey, Abstract No. 1622, Tarrant County, Texas, being a portion of that called 39.968 acre tract described in deed to B.N. Development Company, Inc., recorded in D206387279, Official Public Records, Tarrant County, Texas (OPRTCT), being a portion of that called 209.435 acre tract described in deed to B.N. Development Company, Inc., recorded in D201315599 & D206387270, OPRTCT, and being more particularly described as follows: BEGINNING at a 1" rebar found in the east line of North Crowley Road (FM 731 — variable width R.O.W.) at the southwest corner of said called 39.968 acre tract and the most westerly northwest corner of said called 209.435 acre tract; THENCE North 00 degrees 11 minutes 13 seconds West, along the east line of said North Crowley Road and the west line of said called 39.968 acre tract, a distance of 850.01 feet to a 1/2" rebar capped Goodwin & Marshall set (hereafter referred to as 1/2" rebar capped set) at the northwest corner of the herein described tract of land; THENCE departing the east line of said North Crowley Road, across said called 39.968 acre tract and said called 209.435 acre tract, as follows: Transportation Impact Fee Credit Agreement- CA-24-018 Page 11 of 22 Deer Creek Meadows 7/27/2026 North 89 degrees 35 minutes 15 seconds East, a distance of 921.15 feet to a 1/2" rebar capped set; South 00 degrees 24 minutes 45 seconds East, a distance of 410.00 feet to a 1/2" rebar capped set; North 89 degrees 35 minutes 15 seconds East, a distance of 1,138.00 feet to a 1/2" rebar capped set; South 00 degrees 24 minutes 45 seconds East, a distance of 440.00 feet to a 1/2" rebar capped set; South 89 degrees 35 minutes 15 seconds West, passing the southeast corner of said called 39.968 acre tract and a reentrant corner of said called 209.435 acre tract, a distance of 2,062.50 feet to the POINT OF BEGINNING and containing 1,285,123 square feet or 29.502 acres of land. Transportation Impact Fee Credit Agreement- CA-24-018 Page 12 of 22 Deer Creek Meadows 7/27/2026 EXHIBIT B Map of Property: Deer Creek Meadows Preliminary Plat, PP-18-084 - CUM4W04A T WORTH SOUTWIEW 3 � � — � 1 4 R N LOFT �Z RIS"GEP. `� RISINGEN 1 0 gpM COIN CLAPo+-- - — WW E l P # LOCATION �AOiMLEr NTr _ AT $ McPIfR50N BLvD GARDEN ACRE: -� on gg� NM TRIA CROWLEY \' Pop 6,674 VICINITY MAP Transportation Impact Fee Credit Agreement- CA-24-018 Page 13 of 22 Deer Creek Meadows 7/27/2026 EXHIBIT C Development Plan: Deer Creek Meadows Preliminary Plat, PP-18-084 �..— 4NO.iECr iV �•L5 .�u1L�010.A,LC�Oa.�fO, s,r' y i U%DATAH N 1 WE 3 i weoBt OOMFULD HOM 9aNM�. TR �BOYt Ram Wln ri+30i8 E�ni'. tleM1gebvrAo W aim M 6V�tffLSVRVETOR ,.,. w oLvne. ewn'me PRELIMINARY PUT DEER CREEK lffMOWS ,90.2 ACRPS 1.682 RESDLNTIAL IATIS AND 26 OPEN SPACE LOTS Transportation Impact Fee Credit Agreement- CA-24-018 Page 14 of 22 Deer Creek Meadows 7/27/2026 EXHIBIT D Eligible Transportation Improvements z RUTHDALE Q . p Y U Y �CL i3 O _ V1 lZ RISINGER W - w 1U, FORT WORTH. Deer Creek Meadow Eligible Transportation Improvements for Credit against Transportation Impact Fees Key - Development Plan Area - Right -of -Way Dedication/ Roadway Construction MCPHERSON r 7- D � LOO/E 2 TAN' A O _ CABLE - = BRAND O LAZY CREEK -a PERE DAVID - - CREST • 2 2 W ram'- Q� NOBLE GROVE ' - 3 CALpMIAN� QP MISTY MOUNTAIN mNi TUFTED m ' Gi m"AUTUIu1N m A -PARK Z, FAWN MEADOW ASHDALE O CA-24 Oig CLOVER PARK MCPHERSON Fq/RaROOK PINEVIEW ROCK PRAIRIE F m a O O A t � Z Eligible Reference # Limits Improvements Hemphill Street FP-23-103 Right-of-way dedication Hemphill Street CFA23-0049 CSCO 59651 CPN 104026 Construction of sidewalks, streetlights & drainage IPRC22-0054 McPherson Blvd FP-23-109 Right-of-way dedication McPherson Blvd CFA23-0090 CSCO 60037 CPN 103880 Construction of paving & drainage IPRC21-0181 Transportation Impact Fee Credit Agreement- CA-24-018 Page 15 of 22 Deer Creek Meadows 7/27/2026 EXHIBIT E Credits Against Transportation Impact Fees Transportation Impact Fee Credit Overview Value of ROW Dedication Instrument # Final Plat # Eligible Arterial Value D224030861 FP-23-103 Hemphill Street $366,984.80 D224213134 FP-23-109 McPherson $1,440,770.76 TOTAL ROW TRANSPORTATION IMPACT FEE CREDIT $1,807,755.56 TrIF Eligible Community Facilities Agreement Construction - 100% Eligible City Secretary # CFA # Eligible Arterial Value CFA23-0049 59651 CPN 104026 Hemphill Street $707,000.70 IPRC22-0054 CFA23-0090 60037 CPN 103880 McPherson Boulevard $2,255,365.02 IPRC21-0181 Engineering, Surveying, and Material Testing = 20% of total eligible construction costs $592,473.14 TOTAL COMMUNITY FACILITIES AGREEMENT CREDIT $3,554,838.86 TOTAL TRANSPORTATION IMPACT FEE CREDIT $5,362,594.42 Transportation Impact Fee Credit Agreement- CA-24-018 Page 16 of 22 Deer Creek Meadows 7/27/2026 Right -of -Way Valuation for Deer Creek Meadows Valuation Method 1- Percentage of TIP Project Cost Eligible Arterial Hemphill Street McPherson 2022 Transportation Improvements Plan Project Number Z-21 Z-12 Estimated Construction Costs from 2022 Transportation Improvements Plan $12,053,000 $13,262,000 Value of Total Project Right -of -Way (20% of Construction Cost) $2,410,600 $2,652,400 Total Project Length (LF) 4820 6870 Arterial Cross -Section Width (LF) 110 110 Additional ROW needed for Roundabout (SF) 0 0 Total Project Right -of -Way (SF) 530,200 755,700 Right -of -Way Value Per Square Foot $4.55 $3.51 Valuation Method 2 - Percentage of Construction Project Cost Eligible Arterial Hemphill Street McPherson City Project Number 104026 103880 Final Construction Costs from Notice of Completion (Green Sheet) $707,000.70 $2,255,365.02 Value of Total Project Right -of -Way (20% of Construction Cost) $141,400 $451,073 Total Project Right -of -Way (SF) 80,656 410,476 Right -of -Way Value Per Square Foot $1.75 $1.10 Valuation Method 3 - TAD appraised value Hemphill Street TAD Account 41223616 41237137 Total Area (SF) 1,432,688 736,164 Appraised Value $4,298,064.00 $650,228.00 Value per Square Foot $3.00 $0.89 Right -of -Way Dedication Hemphill Street McPherson Recording Instrument Number D224030861 D224213134 Final Plat Number FP-23-103 FP-23-109 Recording Date 2/22/2024 11/26/2021 Total area of ROW dedicated (SF) 80,656 410,476 Value per SF $4.55 $3.51 ROW Credit Available $366,984.80 $1,440,770.76 Transportation Impact Fee Credit Agreement- CA-24-018 Page 17 of 22 Deer Creek Meadows 7/27/2026 McPherson Blvd Ph 1 Value of Eligible Communitv Facilities Agreement Construction, CPN 103880 Bidlist Item No. Description Unit Eligible Quantity Unit Price Credit Available UNIT III: DRAINAGE IMPROVEMENTS 1 Large Stone Riprap, dry SY 274 1,601 1,601 $142.71 $0.73 $39,102.54 2 Trench Safety LF $1,168.73 3 21" RCP, Class III LF $87.52 $140,119.52 4 5 - 5x3 Box Culvert LF 96 $2,069.01 $198,624.96 5 6 - 5x3 Box Culvert LF 88 $2,487.84 $218,929.92 6 4' Storm Junction Box EA 3 $5,983.01 $17,949.03 7 Headwall, Box Culvert CY 60.4 $1,139.05 $68,798.62 8 10' Curb Inlet EA 6 $6,816.32 $40,897.92 TOTAL UNIT HE DRAINAGE IMPROVEMENTS $725,591.24 UNIT IV: PAVING IMPROVEMENTS 1 4" CONDT PVC SCH 40 T LF 415 $0.00 $0.00 2 Hydrated Lime 361bs./S.Y. TON 226.7 $323.00 $73,224.10 3 8" Lime Treatment SY 12,593 $2.95 $37,149.35 4 10" Conc Pvmt Arterial SY 11,553 $74.15 $856,654.95 5 6" Conc Sidewalk SF 34,640 $7.50 $259,800.00 6 P-1 Ramp EA 9 $3,915.00 $35,235.00 7 6" Conc Curb and Gutter LF 7,885 $1.00 $7,885.00 8 4" SLD Pvmt Markin HAS LF 512 $1.35 $691.20 9 4" SLD Pvmt Markin HAS Y LF 5,912 $1.35 $7,981.20 10 8" SLD Pvmt Markin HAS W LF 925 $2.70 $2,497.50 11 Lane Legend Arrow EA 1 $325.00 $325.00 12 Lane Legend Only EA 1 $465.00 $465.00 13 Seeding, H dromulch SY 4,965 $2.05 $10,178.25 14 Furnish/Install Alum Sign Ground Mount City Std. EA 5 $415.00 $2,075.00 15 Traffic Control MO 4 $1,750.00 $7,000.00 16 End of Road Barricade EA 7 $1,500.00 $10,500.00 17 Concrete Header LF 201 $20.00 $4,020.00 18 Connect to Existing Pavement LF 122 $10.00 $1,220.00 19 Sawcut Clean Edge, Concrete Pavement LF 122 $10.00 $1,220.00 20 Relocate City Limits Sign EA 1 $855.00 $855.00 21 R1-I Stop Sign EA 1 $90.00 $90.00 22 St Marker Blade EA 2 $190.00 $380.00 TOTAL UNIT IV: PAVING IMPROVEMENTS $1,319,446.55 Transportation Impact Fee Credit Agreement- CA-24-018 Page 18 of 22 Deer Creek Meadows 7/27/2026 UNIT V: STREET LIGHTING IMPROVEMENTS 1 Furnish/Install Elec Sery Pedestal EA 1 $6,386.00 $6,386.00 2 2" CONDT PVC SCH 40 (T) LF 3,697 $16.83 $62,220.51 3 NO 2 Insulated Elec Condr LF 11,091 $3.92 $43,476.72 4 Ground Box Type AS (TxDOT), w/ Apron EA 7 $744.00 $5,208.00 5 Type 18 33A Arm EA 21 $255.00 $5,355.00 6 LED Lighting Fixture EA 21 $530.00 $11,130.00 7 Rdwy Illu n Foundation TY 1,2, and 4 EA 19 $1,715.00 $32,585.00 8 Rdwy Illum TY 18 Pole EA 19 $2,314.00 $43,966.00 TOTAL UNIT V: STREET LIGHTING IMPROVEMENTS $210,327.23 Bid Summary UNIT III: DRAINAGE IMPROVEMENTS $725,591.24 UNIT IV: PAVING IMPROVEMENTS $1,319,446.55 UNIT V: STREET LIGHTING IMPROVEMENTS $210,327.23 UNIT VI: TRAFFIC SIGNAL IMPROVEMENTS $0.00 VALUE OF CFA23-0099 CPN 103880 ELIGIBLE CONSTRUCTION $2,255,365.02 Transportation Impact Fee Credit Agreement- CA-24-018 Page 19 of 22 Deer Creek Meadows 7/27/2026 (Hemphill) Value of Eligible Community Facilities Agreement Construction, CPN 104026 Bidlist Item No. Description Unit Eligible Quantity Unit Price Credit Available UNIT III: DRAINAGE IMPROVEMENTS 1 Trench Safety LF 582 $0.50 $291.00 2 2 1 " RCP, Class III LF 159 $87.00 $13,833.00 3 24" RCP, Class III LF 423 $98.50 $41,665.50 4 4' Storm Junction Box EA 2 $5,500.00 $11,000.00 5 3349.0001 4' Storm Junction Box EA 3 $5,500.00 $16,500.00 6 3 349. 1000 Headwall, Box Culvert EA 1.0 $5,700.00 $5,700.00 TOTAL UNIT III: DRAINAGE IMPROVEMENTS $88,989.50 UNIT IV: PAVING IMPROVEMENTS 1 Remove Asphalt SY 223 $32.00 $7,136.00 2 Remove concrete curb & gutter LF 73 $15.00 $1,095.00 3 Hydrated Lime @36 lbs Arterial TON 224 $291.95 $65,396.80 4 8" Lime Treated Subgrade Arterial SY 5,089 $3.25 $16,539.25 5 10" Concrete Pavement Arterial SF 4,681 $80.80 $378,224.80 6 P-1 Ramp EA 4 $2,250.00 $1.35 $9,000.00 $351.00 7 4" SLD Pvmt Markin HAS LF 260 8 4" SLD Pvmt MarkingHAS LF 946 $1.35 $1,277.10 9 4" BRK Pvmt Markin HAS W LF 1,393 $1.35 $1,880.55 10 8" SLD Pvmt Markin HAS Y LF 717 $2.70 $1,935.90 11 Topsoil SY 1,750 $8.50 $14,875.00 12 Seeding, H dromulch SY 1,750 $2.05 $3,587.50 13 Furnish/Install Alum Sign Ground Mount City Std. EA 6 $265.00 $1,590.00 14 Remove Sign Panel and Post EA 3 $115.00 $345.00 15 Traffic Control LS 1 $3,500.00 $3,500.00 16 10" Conc Sidewalk LF 1,326 $77.55 $102,831.30 17 Install End of Road Barricade LF 2 $1,500.00 $3,000.00 $920.00 18 Concrete Header LF 46 $20.00 19 Connect to existing pavement LF 2 $1,000.00 $2,000.00 20 RI-1 Stop Sign EA 2 $85.00 $170.00 21 St Marker Blade EA 8 $27.00 $216.00 $85.00 22 Keep Right Sign (R47-7) EA 1 $85.00 23 Keep Right Sign median (R47-7b) EA 1 $85.00 $85.00 $85.00 24 Merge Right Sign (W4-2) EA 1 $85.00 25 Two -Way Traffic Sign (W6-3) EA 1 $85.00 $85.00 26 Existing striping obliteration LS 1 $1,800.00 $1,800.00 TOTAL UNIT IV: PAVING IMPROVEMENTS $618,011.20 Transportation Impact Fee Credit Agreement- CA-24-018 Page 20 of 22 Deer Creek Meadows 7/27/2026 Bid Summary UNIT III: DRAINAGE IMPROVEMENTS $88,989.50 UNIT IV: PAVING IMPROVEMENTS $618,011.20 UNIT V: STREET LIGHTING IMPROVEMENTS $0.00 UNIT VI: TRAFFIC SIGNAL IMPROVEMENTS $0.00 VALUE OF CFA23-0049, CPN 104026 ELIGIBLE CONSTRUCTION $707,000.70 Transportation Impact Fee Credit Agreement- CA-24-018 Page 21 of 22 Deer Creek Meadows 7/27/2026 EXHIBIT F Allocation of Credits Credits shall be allocated $8,000 per lot by the Assignee on a first -come, first -served basis within the preliminary plat boundary of Deer Creek Meadow Preliminary Plat, PP- 18-084, and shall run with the land; provided, however, that no development within the boundary shall have the right to utilize credits under this agreement unless the Assignee submits to the City a written request or notice approving the use of credits for the applicable development. �'�.Q� _ nn�rm�maammn N9 � I mrmrokt� La 1YlR'ALIOT •A• �FIV�"19% 1 �9 Transportation Impact Fee Credit Agreement- CA-24-018 Deer Creek Meadows W � E S t iac�io+ VICINITY NAP D3VEC-M ewOMPERM HOMES �oeo [ tlwr til, 8un[e�o sounVw., n Xerox PMgpl1�)p.�016 Cai'Y'l qM WM ErrN'. tlin�dabaMkWanmi 64�`/ m C)WINI /P_tiHALLI PRELIMINARY PLAT DEER CREEK MEADOWS 100,24 ACRES 1,682 RESIDE7VTU1.LOTS AND 26 OPEN SPACE LM Page 22 of 22 7/27/2026 FORT WORTH. City Secretary's Office Contract Routing & Transmittal Slip Contractor's Name: HMH Deer Creek Land, LLC & Bloomfield Homes L.P. Subject of the Agreement: Road Construction and ROW dedication. M&C Approved by the Council? * Yes ❑ No M If so, the M&C must be attached to the contract. Is this an Amendment to an Existing contract? Yes ❑ No 0 If so, provide the original contract number and the amendment number. Is the Contract "Permanent"? *Yes 0 No ❑ If unsure, see backpage for permanent contract listing. Is this entire contract Confidential? *Yes ❑ No 0 If only specific information is Confidential, please list what information is Confidential and the page it is located. Effective Date: Date ACM signs If different from the approval date. Expiration Date: 10 years of when ACM signs If applicable. Is a 1295 Form required? * Yes ❑ No 21 *If so, please ensure it is attached to the approving M&C or attached to the contract. Project Number: If applicable. CA-24-018 *Did you include a Text field on the contract to add the City Secretary Contract (CSC) number? Yes 0 No ❑ 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.