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066003 - Construction-Related - Contract - MM Rio Claro 620, LLC
Received Date: 10/07/2026 Received Time: 9:48 a.m. Developer and Project Information Cover Sheet: Developer Company Name: MM Rio Claro 620, LLC Address, State, Zip Code: 1800 Valley View Lane, Suite 300 Farmer Branch, Texas 75234 Phone & Email: 817-470-7316 1 tbiber@centurionamerican.com Authorized Signatory, Title: Mehrdad Moayedi, Manager Project Name: Rio Claro Phase 1 Brief Description: Water, Sewer, Paving, Drainage & Street Lights Project Location: Bonds Ranch Rd & Dosier Creek Pkwy Plat Case Number: FP -25-113 Plat Name: Rio Claro Phase 1 Final Plat Council District: 7 Phased or Concurrent None Provisions: CFA Number: 26-0072 City Project Number: 106591 1 IPRC25-0200 OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX Reviewer: "a" Merrick City of Fort Worth, Texas Page 1 of 16 Standard Community Facilities Agreement City Contract Number: 66003 STANDARD COMMUNITY FACILITIES AGREEMENT This COMMUNITY FACILITIES AGREEMENT ("Agreement") is made and entered into by and between the City of Fort Worth ("City"), a home -rule municipal corporation of the State of Texas, acting by and through its duly authorized Assistant City Manager, and MM Rio Claro 620, LLC ("Developer"), acting by and through its duly authorized representative. City and Developer are referred to herein individually as a "party" and collectively as the "parties." WHEREAS, Developer is constructing private improvements or subdividing land within the corporate limits of Fort Worth, Texas or its extraterritorial jurisdiction, for a project known as Rio Claro Phase 1 ("Project"); and WHEREAS, the City desires to ensure that all developments are adequately served by public infrastructure and that the public infrastructure is constructed according to City standards; and WHEREAS, as a condition of approval of the Project, Developer is required to bear a portion of the costs of municipal infrastructure by constructing the public infrastructure necessary for the Project as described in this Agreement ("Community Facilities" or "Improvements"); and WHEREAS, as a condition of approval of the Project, Developer is required to meet the additional obligations contained in this Agreement, and Developer may be required to make dedications of land, pay fees or construction costs, or meet other obligations that are not a part of this Agreement; and WHEREAS, the City is not participating in the cost of the Improvements or Project; and WHEREAS, the Developer and the City desire to enter into this Agreement in connection with the collective Improvements for the Project; NOW, THEREFORE, for and in consideration of the covenants and conditions contained herein, the City and the Developer do hereby agree as follows: 1. CFA Ordinance The Community Facilities Agreements Ordinance ("CFA Ordinance"), as amended, is incorporated into this Agreement by reference, as if it was fully set out herein. Developer agrees to comply with all provisions of the CFA Ordinance in the performance of Developer's duties and obligations pursuant to this Agreement and to cause all contractors hired by Developer to comply with the CFA Ordinance in City of Fort Worth, Texas Page 2 of 16 Standard Community Facilities Agreement connection with the work performed by the contractors. If a conflict exists between the terms and conditions of this Agreement and the CFA Ordinance, the CFA Ordinance shall control. 2. Incorporation of Engineering Plans The engineering plans for the Improvements that have been approved by the City ("Engineering Plans") are incorporated into this Agreement by reference as if fully set out herein. Developer shall provide at its expense, unless otherwise agreed to by City, all engineering drawings and documents necessary to construct the Improvements required by this Agreement. 3. Description of Improvements; Exhibits and Attachments The following exhibits describe the general location, nature and extent of the Improvements that are the subject of this Agreement and are attached hereto and incorporated herein by reference: © Exhibit A: Water ® Exhibit B: Sewer ❑X Exhibit C: Paving ® Exhibit D: Storm Drain ❑X Exhibit E: Street Lights & Signs ❑ Exhibit F: Traffic Signal & Striping The Location Map and Cost Estimates are also attached hereto and incorporated herein by reference. To the extent that Exhibits A, B, C, D, E, F, the Location Map, or the Cost Estimates conflict with the Engineering Plans, the Engineering Plans shall control. If applicable, Attachment 1 — Changes to Standard Community Facilities Agreement, Attachment 2 — Phased CFA Provisions, and Attachment 3 — Concurrent CFA Provisions, are attached hereto and incorporated herein for all purposes. 4. Construction of Improvements Developer agrees to cause the construction of the Improvements contemplated by this Agreement and that said construction shall be completed in a good and workmanlike manner and in accordance with all City standards and specifications, the Engineering Plans, the Cost Estimates provided for the Improvements, and this Agreement. Developer acknowledges that City will not accept the Improvements until the City receives affidavits and lien releases signed by Developer's contractors verifying that the contractors, and all subcontractors and material suppliers, have been paid in full for constructing the Improvements, and consent of the surety on payment and performance bonds provided for the Improvements. 5. Financial Guarantee Developer has provided the City with a financial guarantee in the form and amounts set forth in this Agreement which guarantees the construction of the Improvements and payment by Developer of all contractors, subcontractors, and material suppliers for the Improvements ("Financial Guarantee"). Developer shall keep the Financial Guarantee in full force and effect until released by the City and shall City of Fort Worth, Texas Page 3 of 16 Standard Community Facilities Agreement not reduce the amount of the Financial Guarantee unless authorized by the City in accordance with the CFA Ordinance. 6. Completion Deadline; Extension Periods This Agreement shall be effective on the date this Agreement is executed by the City's Assistant City Manager ("Effective Date"). Developer shall complete construction of the Improvements and obtain the City's acceptance of the Improvements within two (2) years of the Effective Date ("Term"). If construction of the Improvements has started during the Term, the Developer may request that this Agreement be extended for an additional period of time ("Extension Period"). All Extension Periods shall be agreed to in writing by the City and the Developer as set forth in a written amendment to this Agreement. In no event shall the Term of this Agreement plus any Extension Periods be for more than three years. 7. Failure to Construct the Improvements (a) The City may utilize the Developer's Financial Guarantee to cause the completion of the construction of the Improvements if at the end of the Term, and any Extension Periods, the Improvements have not been completed and accepted by the City. (b) The City may utilize the Developer's Financial Guarantee to cause the completion of the construction of the Improvements or to cause the payment of costs for construction of the Improvements before the expiration of the Term, and any Extension Period, if the Developer breaches this Agreement, becomes insolvent, or fails to pay costs of construction. (c) If the Financial Guarantee is a Completion Agreement and the Developer's contractors or suppliers are not paid for construction costs or materials supplied for the Improvements the contractors and suppliers may place a lien upon any property which the City does not have an ownership interest that is the subject of the Completion Agreement. (d) Nothing contained herein is intended to limit the Developer's obligations under the CFA Ordinance, this Agreement, the Financial Guarantee, Developer's agreements with Developer's contractors, or other related agreements. 8. Termination If Developer desires to terminate this Agreement before Developer's contractors begin constructing the Improvements, Developer agrees to the following: (a) that Developer and City must execute a termination of this Agreement in writing; (b) that Developer will vacate any final plats that have been filed with the county where the Project is located; and (c) to pay to the City all costs incurred by the City in connection with this Agreement, including time spent by the City's inspectors at preconstruction meetings. 9. City of Fort Worth, Texas Page 4 of 16 Standard Community Facilities Agreement Award of Construction Contracts (a) Developer will award all contracts for the construction of the Improvements and cause the Improvements to be constructed in accordance with the CFA Ordinance. (b) Developer will employ construction contractors who meet the requirements of the City to construct the Improvements including, but not limited, to being prequalified, insured, licensed and bonded to construct the Improvements in the City. (c) Developer will require Developer's contractors to provide the City with payment and performance bonds naming the City and the Developer as dual obligees, in the amount of one hundred percent (100% o) of the cost of the Improvements as required by the CFA Ordinance. The payment and performance bonds shall guarantee construction of the Improvements and payment of all subcontractors and material suppliers. Developer agrees to require Developer's contractors to provide the City with a maintenance bond naming the City as an obligee, in the amount of one hundred percent (100%) of the cost of the Improvements, that guarantees correction of defects in materials and workmanship for the Improvements by the contractor and surety for a period of two (2) years after completion and final acceptance of the Improvements by the City. All bonds must be provided to the City before construction begins and must meet the requirements of the City's Standard Conditions, Chapter 2253 of the Texas Government Code, and the Texas Insurance Code. (d) Developer will require Developer's contractors to provide the City with insurance equal to or in excess of the amounts required by the City's standard specifications and contract documents for developer -awarded infrastructure construction contracts. The City must be named as an additional insured on all insurance policies. The Developer must provide the City with a Certificate of Insurance (ACORD or form approved by the State of Texas), supplied by each contractor's insurance provider, which shall be made a part of the Project Manual. (e) Developer will require the Developer's contractors to give forty-eight (48) hours' advance notice of their intent to commence construction of the Improvements to the City's Construction Services Division so that City inspection personnel will be available. Developer will require Developer's contractors to allow construction of the Improvements to be subject to inspection at any and all times by the City's inspectors. Developer will require Developer's contractors to not install or relocate any sanitary sewer, storm drain, or water pipe unless a City inspector is present and gives consent to proceed, and to allow such laboratory tests as may be required by the City. (f) Developer will not allow Developer's contractors to begin construction of the Improvements until a notice to proceed to construction is issued by the City. (g) Developer will not allow Developer's contractors to connect buildings to service lines of sewer and water mains constructed pursuant to this Agreement, if any, until said sewer, water mains and service lines have been completed to the satisfaction of the City. 10. Utilities Developer shall cause the installation or adjustment of utilities required to: (1) serve the Project; and (2) to construct the Improvements required herein. City shall not be responsible for payment of any costs that may be incurred by Developer in the relocation of any utilities that are or may be in conflict with any of the Improvements to be constructed pursuant to this Agreement. City of Fort Worth, Texas Page 5 of 16 Standard Community Facilities Agreement 11. Easements and Rights -of -Way Developer agrees to provide, at its expense, all necessary rights -of -way and easements required for the construction and dedication to the City of the Improvements provided for by this Agreement. 12. Liability and Indemnification (a) DEVELOPER HEREBY RELEASES AND AGREES TO INDEMNIFY, DEFEND AND HOLD THE CITY HARMLESS FOR ANY INADEQUACIES IN THE PRELIMINARY PLANS, SPECIFICATIONS, ENGINEERING PLANS, AND COST ESTIMATES SUPPLIED BY THE DEVELOPER FOR THIS AGREEMENT. (b) THE DEVELOPER COVENANTS AND AGREES TO, AND BY THESE PRESENTS DOES HEREBY FULLY INDEMNIFY, HOLD HARMLESS AND DEFEND THE CITY, ITS OFFICERS, AGENTS AND EMPLOYEES FROM ALL SUITS, ACTIONS OR CLAIMS OF ANY CHARACTER, WHETHER REAL OR ASSERTED, BROUGHT FOR OR ONACCOUNT OFANYINJURIES OR DAMAGES SUSTAINED BYANYPERSONS, INCLUDING DEATH, OR TO ANY PROPERTY, RESULTING FROM OR IN CONNECTION WITH THE CONSTRUCTION, DESIGN, PERFORMANCE OR COMPLETION OF ANY WORK TO BE PERFORMED BY SAID DEVELOPER, ITS CONTRACTORS, SUBCONTRACTORS, OFFICERS, AGENTS OR EMPLOYEES, OR IN CONSEQUENCE OF ANY FAILURE TO PROPERLY SAFEGUARD THE WORK, OR ONACCOUNT OF ANYACT, INTENTIONAL OR OTHERWISE, NEGLECT OR MISCONDUCT OF SAID DEVELOPER, ITS CONTRACTORS, SUB -CONTRACTORS, OFFICERS, AGENTS OR EMPLOYEES, WHETHER OR NOTSUCH DEATH OR DAMAGESARE CAUSED, IN WHOLE OR IN PART, BY THE ALLEGED NEGLIGENCE OF THE CITY OF FORT WORTH, ITS OFFICERS, SERVANTS, OR EMPLOYEES. (c) DEVELOPER WILL REQUIRE ITS CONTRACTORS TO INDEMNIFY, DEFEND AND HOLD HARMLESS THE CITY, ITS OFFICERS, AGENTS AND EMPLOYEES FROM AND AGAINST ANY AND ALL CLAIMS, SUITS OR CAUSES OF ACTION OF ANY NATURE WHATSOEVER, WHETHER REAL OR ASSERTED, BROUGHT FOR OR ON ACCOUNT OF ANY INJURIES OR DAMAGES TO PERSONS OR PROPERTY, INCLUDING DEATH, RESULTING FROM, OR IN ANY WAY CONNECTED WITH, THE CONSTRUCTION OF THE IMPROVEMENTS CONTEMPLATED HEREIN, WHETHER OR NOT SUCH INJURIES, DEATH OR DAMAGES ARE CAUSED, IN WHOLE OR IN PART, BY THE ALLEGED NEGLIGENCE OF THE CITY OF FORT WORTH, ITS OFFICERS, SERVANTS, OR EMPLOYEES. FURTHER, DEVELOPER WILL REQUIRE ITS CONTRACTORS TO INDEMNIFY, DEFEND, AND HOLD HARMLESS THE CITY FOR ANY LOSSES, DAMAGES, COSTS OR EXPENSES SUFFERED BY THE CITY OR CA USED AS A RESULT OF SAID CONTRACTORS' FAILURE TO COMPLETE THE WORK AND CONSTRUCT THE IMPROVEMENTS IN A GOOD AND WORKMANLIKE MANNER, FREE FROM DEFECTS, IN CONFORMANCE WITH THE CFA ORDINANCE, AND INA CCORDANCE WITH ALL PLANS AND SPECIFICATIONS. 13. Right to Enforce Contracts City of Fort Worth, Texas Page 6 of 16 Standard Community Facilities Agreement Upon completion of all work associated with the construction of the Improvements, Developer will assign to the City a non-exclusive right to enforce the contracts entered into by Developer with its contractors, along with an assignment of all warranties given by the contractors, whether express or implied. Further, Developer agrees that all contracts with any contractor shall include provisions granting to the City the right to enforce such contracts as an express intended third -party beneficiary of such contracts. 14. Estimated Fees Paid by Developer; Reconciliation Prior to execution of this Agreement, Developer has paid to the City the estimated cost of administrative material testing service fees, construction inspection service fees, and water testing lab fees in the amounts set forth in the Cost Summary section of this Agreement. Upon completion of the construction of the Improvements, the City will reconcile the actual cost of administrative material testing service fees, construction inspection service fees, and water testing lab fees with the estimated fees paid by Developer. If the actual costs of the fees are more than the estimated payments made by the Developer, the Developer must pay the difference to the City before the Improvements will be accepted by the City. If the actual costs of the fees are less than the estimated payments made by the Developer, the City will refund the difference to the Developer. If the difference between the actual costs and the estimated payments made by the Developer is less than fifty dollars ($50.00), the City will not issue a refund and the Developer will not be responsible for paying the difference. The financial guarantee will not be released by the City or returned to the Developer until reconciliation has been completed by the City and any fees owed to the City have been paid by the Developer. 15. Material Testing The City maintains a list of pre -approved material testing laboratories. The Developer must contract with material testing laboratories on the City's list. Material testing laboratories will provide copies of all test results directly to the City and the Developer. If the Improvements being constructed fail a test, the Developer must correct or replace the Improvements until the Improvements pass all retests. The Developer must pay the material testing laboratories directly for all material testing and retesting. The City will obtain proof from the material testing laboratories that the material testing laboratories have been paid in full by the Developer before the City will accept the Improvements. 16. Notices All notices required or permitted under this Agreement may be given to a party by hand - delivery or by mail, addressed to such party at the address stated below. Any notice so given shall be deemed to have been received when deposited in the United States mail so addressed with postage prepaid: CITY: Development Services Contract Management Office City of Fort Worth DEVELOPER: MM Rio Claro 620, LLC 1800 Valley View Lane, Suite 300 Farmer Branch, Texas 75234 City of Fort Worth, Texas Standard Community Facilities Agreement Page 7 of 16 100 Fort Worth Trail Fort Worth, Texas 76102 With copies to: City Attorney's Office City of Fort Worth 100 Fort Worth Trail Fort Worth, Texas 76102 and City Manager's Office City of Fort Worth 100 Fort Worth Trail Fort Worth, Texas 76102 Or to such other address one party may hereafter designate by notice in writing addressed and mailed or delivered to the other party hereto. 17. Right to Audit Developer agrees that, until the expiration of three (3) years after acceptance by the City of the Improvements constructed pursuant to this Agreement, that the City shall have access to and the right to examine any directly pertinent books, documents, papers and records of the Developer involving transactions relating to this Agreement. Developer agrees that the City shall have access during normal working hours to all necessary Developer facilities and shall be provided adequate and appropriate workspace in order to conduct audits in compliance with the provisions of this section. The City shall give Developer reasonable advance notice of intended audits. Developer further agrees to include in all contracts with Developer's contractors for the Improvements a provision to the effect that the contractor agrees that the City shall, until the expiration of three (3) years after final payment under the contract, have access to and the right to examine any directly pertinent books, documents, papers and records of such contractor, involving transactions to the contract, and further, that City shall have access during normal working hours to all of the contractor's facilities, and shall be provided adequate and appropriate work space in order to conduct audits in compliance with the provisions of this section. City shall give Developer's contractors reasonable advance notice of intended audits. 18. Independent Contractor It is expressly understood and agreed that Developer and its employees, representative, agents, servants, officers, contractors, subcontractors, and volunteers shall operate as independent contractors as to all rights and privileges and work performed under this Agreement, and not as agents, representatives or employees of the City. Subject to and in accordance with the conditions and provisions of this Agreement, Developer shall have the exclusive right to control the details of its operations and activities and be solely City of Fort Worth, Texas Page 8 of 16 Standard Community Facilities Agreement responsible for the acts and omissions of its employees, representatives, agents, servants, officers, contractors, subcontractors, and volunteers. Developer acknowledges that the doctrine of respondeat superior shall not apply as between the City and its officers, representatives, agents, servants and employees, and Developer and its employees, representatives, agents, servants, officers, contractors, subcontractors, and volunteers. Developer further agrees that nothing herein shall be construed as the creation of a partnership or joint enterprise between City and Developer. It is further understood that the City shall in no way be considered a co -employer or a joint employer of Developer or any employees, representatives, agents, servants, officers, contractors, subcontractors, and volunteers of Developer. Neither Developer, nor any officers, agents, servants, employees or subcontractors of Developer shall be entitled to any employment benefits from the City. Developer shall be responsible and liable for any and all payment and reporting of taxes on behalf of itself, and any of employees, representatives, agents, servants, officers, contractors, subcontractors, and volunteers. The City, through its authorized representatives and employees, shall have the sole and exclusive right to exercise jurisdiction and control over City employees. 19. Applicable Law; Venue This Agreement shall be construed under and in accordance with Texas law. Venue shall be in the state courts located in Tarrant County, Texas or the United States District Court for the Northern District of Texas, Fort Worth Division. 20. Non -Waiver The failure of the City to insist upon the performance of any term or provision of this Agreement or to exercise any right herein conferred shall not be construed as a waiver or relinquishment to any extent of City's right to assert or rely on any such term or right on any future occasion. 21. Governmental Powers and Immunities. It is understood that by execution of this Agreement, the City does not waive or surrender any of its governmental powers or immunities. 22. Headings The paragraph headings contained herein are for the convenience in reference and are not intended to define or limit the scope of any provision of this Agreement. 23. Severability In the event that any clause or provision of this Agreement shall be held to be invalid by any court of competent jurisdiction, the invalidity of such clause or provision shall not affect any of the remaining provisions hereof. City of Fort Worth, Texas Page 9 of 16 Standard Community Facilities Agreement 24. Review of Counsel City and Developer, and if they so choose, their attorneys, have had the opportunity to review and comment on this document; therefore any rule of contract construction or interpretation that would normally call for the document to be interpreted as against the drafting party shall not apply in interpretation of this Agreement, and each section, portion, and provision of this Agreement shall be construed solely on the basis of the language contained therein, regardless of who authored such language. 25. Prohibition on Boycotting Israel Developer acknowledges that in accordance with Chapter 2271 of the Texas Government Code, the City is prohibited from entering into a contract with a company with 10 or more full-time employees that has a value of $100,000 or more that is to be paid wholly or partly from public funds of the City for goods or services unless the contract contains a written verification from the company that it: (1) does not boycott Israel; and (2) will not boycott Israel during the term of the contract. The terms "boycott Israel" and "company" have the meanings ascribed to those terms by Chapter 2271 of the Texas Government Code. To the extent that Chapter 2271 of the Government Code is applicable to this Agreement, by signing this Agreement, Developer certifies that Developer's signature provides written verification to the City that Developer: (1) does not boycott Israel; and (2) will not boycott Israel during the term of this Agreement. 26. Prohibition on Boycotting Energy Companies Developer acknowledges that in accordance with Chapter 2276 of the Texas Government Code, as added by Acts 2021, 87th Leg., R.S., S.B. 13, § 2, and redesignated from Chapter 2274 of the Texas Government Code by Acts 2023, 88th Leg., R.S., Ch. 768 (H.B. 4595), Sec. 24.001(22), the City is prohibited from entering into a contract for goods or services that has a value of $100,000 or more that is to be paid wholly or partly from public funds of the City with a company with 10 or more full-time employees unless the contract contains a written verification from the company that it: (1) does not boycott energy companies; and (2) will not boycott energy companies during the term of the contract. The terms "boycott energy company" and "company" have the meanings ascribed to those terms by Chapter 2276 of the Texas Government Code, as added by Acts 2021, 87th Leg., R.S., S.B. 13, § 2 and redesignated from Chapter 2274 of the Texas Government Code as described above. To the extent that Chapter 2276 of the Government Code is applicable to this Agreement, by signing this Agreement, Developer certifies that Developer's signature provides written verification to the City that Developer: (1) does not boycott energy companies; and (2) will not boycott energy companies during the term of this Agreement. 27. Prohibition on Discrimination Against Firearm and Ammunition Industries Developer acknowledges that except as otherwise provided by Chapter 2274 of the Texas Government Code, as added by Acts 2021, 87th Leg., R.S., S.B. 19, § 1, the City is prohibited from entering into a contract for goods or services that has a value of $100,000 or more that is to be paid wholly or partly from public funds of the City with a company with 10 or more full-time employees unless the contract contains a written verification from the company that it: (1) does not have a practice, policy, guidance, or directive that discriminates against a firearm entity or firearm trade association; and (2) will not discriminate during the term of the contract against a firearm entity or firearm trade association. The terms City of Fort Worth, Texas Page 10 of 16 Standard Community Facilities Agreement "discriminate," "firearm entity" and "firearm trade association" have the meaning ascribed to those terms by Chapter 2274 of the Texas Government Code, as added by Acts 2021, 87th Leg., R.S., S.B. 19, § 1. To the extent that Chapter 2274 of the Government Code is applicable to this Agreement, by signing this Agreement, Developer certifies that Developer's signature provides written verification to the City that Developer: (1) does not have a practice, policy, guidance, or directive that discriminates against a firearm entity or firearm trade association; and (2) will not discriminate against a firearm entity or firearm trade association during the term of this Agreement. 28. Immigration and Nationality Act Developer shall verify the identity and employment eligibility of its employees who perform work under this Agreement, including completing the Employment Eligibility Verification Form (I-9). Upon request by City, Developer shall provide City with copies of all I-9 forms and supporting eligibility documentation for each employee who performs work under this Agreement. Developer shall adhere to all Federal and State laws as well as establish appropriate procedures and controls so that no services will be performed by any Developer employee who is not legally eligible to perform such services. DEVELOPER SHALL INDEMNIFY CITY AND HOLD CITY HARMLESS FROM ANY PENALTIES, LIABILITIES, OR LOSSES DUE TO VIOLATIONS OF THIS PARAGRAPH BY DEVELOPER, DEVELOPER'S EMPLOYEES, SUBCONTRACTORS, AGENTS, OR LICENSEES. City, upon written notice to Developer, shall have the right to immediately terminate this Agreement for violations of this provision by Developer. 29. Amendment No amendment, modification, or alteration of the terms of this Agreement shall be binding unless the same is in writing, dated subsequent to the date hereof, and duly executed by the City and Developer. 30. Assignment and Successors Developer shall not assign or subcontract all or any part of its rights, privileges, or duties under this Agreement without the prior written consent of City. Any attempted assignment or subcontract without the City's prior written approval shall be void and constitute a breach of this Agreement. 31. No Third -Party Beneficiaries The provisions and conditions of this Agreement are solely for the benefit of the City and Developer, and any lawful assign or successor of Developer, and are not intended to create any rights, contractual or otherwise, to any other person or entity. 32. Compliance with Laws, Ordinances, Rules and Regulations Developer, its officers, agents, servants, employees, and contractors, shall abide by and comply with all laws, federal, state and local, including all ordinances, rules and regulations of City. It is agreed and understood that, if City calls to the attention of Developer any such violation on the part of Developer City of Fort Worth, Texas Page 11 of 16 Standard Community Facilities Agreement or any of its officers, agents, servants, employees, or subcontractors, then Developer shall immediately desist from and correct such violation. 33. Signature Authority The person signing this Agreement on behalf of Developer warrants that he or she has the legal authority to execute this Agreement on behalf of the Developer, and that such binding authority has been granted by proper order, resolution, ordinance or other authorization of the entity. The City is fully entitled to rely on this warranty and representation in entering into this Agreement. 34. Counterparts This Agreement may be executed in multiple counterparts, each of which will be deemed an original, but which together will constitute one instrument. 35. Entire Agreement This written instrument, together with any attachments, exhibits, and appendices, constitutes the entire understanding between the City and Developer concerning the work to be performed hereunder, and any prior or contemporaneous, oral or written agreement that purports to vary from the terms hereof shall be void. IREMAINDER OF PAGE INTENTIONALLY BLANK] City of Fort Worth, Texas Page 12 of 16 Standard Community Facilities Agreement 36. Cost Summary Sheet Project Name: Rio Claro Phase I CFA No.: 26-0072 Items A. Water and Sewer Construction 1. Water Construction 2. Sewer Construction Water and Sever Construction Total City Project No.: 106591 IPRC No.: 25-0200 Developer's Cost $ 2,752,036.10 $ 3,294,445.60 $ 6,046,481.70 B. TPW Construction 1. Street $ 6,084,629.62 2. Storm Drain $ 3,357,845.10 3. Street Lights Installed by Developer $ 1,256,621.10 4. Signals $ - TPW Construction Cost Total $ 10,699,095.82 Total Construction Cost (excluding the fees) Estimated Construction Fees: C. Construction Inspection Service Fee D. Administrative Material Testing Service Fee E. Water Testing Lab Fee Total Estimated Construction Fees: Financial Guarantee Ontions_ choose one Bond = 100% $ 16,745,577.52 Completion Agreement = 100% / Holds Plat $ 16,745,577.52 X Cash Escrow Water/Sanitary Sewer= 125% $ 7,558,102.13 Cash Escrow Paving/Storm Drain = 125% $ 13,373,869.78 Letter of Credit = 125% $ 20,931,971.90 Escrow Pledge Agreement = 125% $ 20,931,971.90 $ 16,745,577.52 $139,387.50 $90,948.00 $4,218.75 $ 234,554.25 Choice Amount (Mark one) City of Fort Worth, Texas Page 13 of 16 Standard Community Facilities Agreement IN WITNESS WHEREOF, the City and Developer have each executed this Agreement by their duly authorized signatories to be effective on the date executed by the City's Assistant City Manager. CITY OF FORT WORTH Dianna Giordano (Oct 6, 2026 15:16:13 CDT) Jesica McEachern Assistant City Manager Date: 10/06/2026 Recommended by: iJ 7I`+drr,.� Dwayne Hollars Sr. Contract Compliance Specialist Development Services Approved as to Form & Legality: Jessika Williams Assistant City Attorney M&C No. N/A Date: 10/05/2026 Form 1295: N/A ATTEST: Jannette S. Goodall City Secretary City of Fort Worth, Texas Standard Community Facilities Agreement DEVELOPER MM Rio Claro 620, LLC By: MMM Ventures, LLC, A Texas limited liability company, Its manager By: 2m Ventures, LLC, A Delaware limited liability company, Its manager Mehrdad Moayedi (Oct 2, 2026 14.5 CDT) Mehrdad Moayedi Manager Date: 10/02/2026 Contract Compliance Manager: By signing, I acknowledge that I am the person responsible for the monitoring and administration of this contract, including ensuring all performance and reporting requirements. Kandice Merrick Contract Compliance Manager OFFICIAL RECORD CITY SECRETARY Page 14 of 16 FT. WORTH, TX The following attachments are incorporated into this Agreement. To the extent a conflict exists between the main body of this Agreement and the following attachments, the language in the main body of this Agreement shall be controlling. T__ _1__-1_-1 Au__7_____._, ® Attachment 1 - Changes to Standard Community Facilities Agreement ❑ Attachment 2 — Phased CFA Provisions ❑ Attachment 3 — Concurrent CFA Provisions Location Map Exhibit A: Water Improvements Exhibit B: Sewer Improvements Exhibit C: Paving Improvements ❑X Exhibit D: Storm Drain Improvements ❑X Exhibit E: Street Lights and Signs Improvements ❑ Exhibit F: Traffic Signal and Striping Improvements ❑X Cost Estimates (Remainder of Page Intentionally Left Blank) City of Fort Worth, Texas Page 15 of 16 Standard Community Facilities Agreement ATTACHMENT "1" Changes to Standard Community Facilities Agreement City Project No. 106591 None City of Fort Worth, Texas Page 16 of 16 Standard Community Facilities Agreement LOCATION MAP (NOT TO SCALE) MAPSCO PAGE TAR -017V CPN: 106591 LATITUDE (X): 32°55'6.01"N LONGITUDE (Y): 97°26'54.42"W COUNCIL DISTRICT NO. 7 DEVELOPER CENTURION AMERICAN DEVELOPMENT GROUP RIO CLARO PHASE 1 W Herod 1800 ARME SB VIEW NCH,LANE, S752 #300 LOCATION MAP EXHIBIT FARMERS BRANCH, TEXAS 75234 YYYrtr. HahrmW S�No� he CONTAPHONECT: T81 0-7316 CPN 106591 500W 70, St Sucre 1300 Fort Worth, IX 797-2 CONTACT: TRAVIS BIBER Matthew Zwrreripe, P. E. main: (017) 797-1316 TBIBER@CENTU RIONAMERCIAN.COM IA E 0' 600' 1200' 1800' II FUTURE RIO CLARO PHASE 4 CONNECT TO EXISTING 8" WATER LINE WPN P160-060160152280 X-15402 PROPOSED RIO CLARO PHASE 1 EXISTING BONDS RANCH ROAD J CONNECT TO EXISTING 10"WATER LINE LEGEND 1 WPN P162-060162151240 X-18135 12" PVC ll ►4 PROPOSED 8" WATER LINE t ►� PROPOSED 12" WATER LINE per / -W EXISTING 8" WATER LINE 12" PVC ���,••I -��E.w-���,°- EXISTING 10" WATER LINE NOTE: ALL PROPOSED WATER LINES ARE 8" UNLESS 7--- PVC OTHERWISE NOTED I ` 12" PVC FAULT MOUNTAIN PARKWAY (FUTURE ROADWAY) 12" PVC 12" PVC FUTURE RIO CLARO PHASE 2 12" PVC FUTURE RIO CLARO PHASE 2 -t DEVELOPER CENTURION AMERICAN DEVELOPMENT GROUP RIO CLARO PHASE 1 Wod 1800 FARMERS BRANCH, TEXAS 75234 WATER EXHIBIT A Nlrlwood RoArISW SrNa+ PHONE: 817-470-7316 300 W 7m SISAt" 1300 Fort WAXY TX7B102 102 CONTACT: TRAVIS BIBER CPN 106591 MatthewZamaripa,P.E.main: (817)797-1316 TBIBER@CENTURIONAMERCIAN.COM T EXISTING 10111 RANCH ROAD _— s5 > 5\fltF1?'II--- LEGEND Li_ss — • PROPOSED 8" SANITARY SEWER LINE 0' 600' 1200' 1800' O EXISTING 8" SANITARY SEWER LINE w - -e - - - EXISTING 10" SANITARY SEWER LINE cma 5s EXISTING 12" SANITARY SEWER LINE —► FLOW DIRECTION ss / NOTES: ss // CONNECT TO EXISTING 1. ALL PROPOSED SANITARY SEWER 35' Th SEWER MH NES ARE 8" UNLESS OTHERWISE a 3 Q X-17332 NOTED. 2. ALL SANITARY SEWER MANHOLES ARE 4' DIA. UNLESS OTHERWISE 55 ,.. _ NOTED. s5- _ - ssl ' EXISTING 8" SSWR LINE ss _: I CONNECT TO EXISTING �, \ SEWER MH '�9�8 X-17332 SS r'�xP j� EXISTING 8" SSWR LINE FUTURE RIO �+ ,. ono° ° Rocp1 CLARO PHASE 4 ss ' `i—. a EXISTING 10" SEWER LINE 55. U \ \ U SS\ \ n EXISTING 12" ss 5 \ a SS( y� SEWER LINE CONNECT TO EXISTING \ S FUTURE RIO SEWER MH \ \ S X-15402 _ CLARO PHASEi_ AS 8" SSWR \ A 5s EXISTING LINE ` ` ! CONNECT TO EXISTING 12" SEWER LINE 11 X-17332 PROPOSED RIO CLARO r =yao% (' \_1 _ 5s ss PHASE 1 EXISTING 8" SSWR LINE \ $°"°R"I EXISTING 12" `I STREET I SEWER LINE w I I o i I i i 1 s CONNECT TO EXISTING ss' `_N _J SEWER MH _ 5TRES5ET X-17332 AG FUTURE RIO CLARO PHASE 2 CONNECT TO EXISTING /� �\ SEWER MH �, EXISTING 12" EAGLE MOUNTAIN PARKWAY SS LINE 55 (FUTURE ROADWAY) m E DEVELOPER CENTURION AMERICAN DEVELOPMENT GROUP RIO CLARO PHASE 1 Wod 800 VALLEY VIEW LANE, SUITE #300 FARMERS BRANCH, TEXAS 75234 SEWER EXHIBIT B WWweod lfohWSW SwW+ PHONE: 817-470-7316 500 W 7m Si Smta 1300 Fort Worry Tx 76102102 CONTACT: TRAVIS BIBER C P N 106591 Matthaw Zamaripa, P. E. main: (817)797-1 316 TBIBER@CENTURIONAMERCIAN.COM S E O 0' 600' 1200' 1800' II FUTURE RIO - CLARO PHASE 4 EXISTING BONDS RANCH ROAD --- -� -� LEGEND _ii 6" PROPOSED PAVEMENT 7.5" PROPOSED PAVEMENT (31' B -B160' ROW) Q SIDEWALK BY DEVELOPER a SIDEWALK BY HOMEBUILDER PROPOSED P-1 RAMP PROPOSED R-1 RAMP . NOTE: ALL ROADS ARE 29' B -B/50' R.O.W. UNLESS NOTED OTHERWISE. FUTURE RIO CLARO PHASE 2 CLARO PHASE 1 oa ° \�1 i G+i`s" \ ..STREET 1 \., T 1STREET 1 1 1 1 1 P 1 'SONORAN L'i I.. I. I - STREET II I II Iji �� a III �i omg I i L % FUTURE RIO / CLARO PHASE 2 EAGLE MOUNTAIN PARKWAY _ (FUTURE ROADWAY) _ DEVELOPER CENTURION AMERICAN DEVELOPMENT GROUP RIO CLARO PHASE 1 Wod 800 VALLEY VIEW LANE, SUITE #300 FARMERS PAVING EXHIBIT C BRANCH, TEXAS 75234 WWweS iIfo6WSW 6wFe PHONE: 817-470-7316 500W 7th StSite 1300 Fort worm. Tx 107 7s1oe CONTACT: TRAVIS BIBER CPN 106591 MatthawZamaripa,P.E.main: (817)797-1316 TBIBER@CENTURIONAMERCIAN.COM 18 E T FUTURE RIO CLARO PHASE 4 LEGEND PROPOSED STORM DRAIN INLET PROPOSED STORM STRUCTURE NOTE: ALL INLETS ARE 10' UNLESS OTHERWISE NOTED. FUTURE RIO - CLARO PHASE 2 PROPOSED"E C �' 6T0.6'H'JBOX BlO,4x4'JBOX \ 1 1 � P4'RCP L-''soNORAN� ,I ,,I I r gTREET -><=w o mg i_wa J I s'CuaeirvLBT " I sro.,sLURs�Rv=T RLi � I 4' JBOX ISTREET 30CP FUTURE RB INLET 4T RCP •4'JBO% lo4k4JBOX STO a s.' RIO CLARO PHASE 2 4I'RCP 4TRLP - 4Y RCP SIR OUR JBOX EAGLE MOUNTAIN PARKWAY _._ (FUTURE ROADWAY) DEVELOPER CENTURION AMERICAN DEVELOPMENT GROUP RIO CLARO PHASE 1 Wod 1FARMS00 SB VIEW NCH,LANE, SUITE 7524300 FARMERS BRANCH, TEXAS 75234 STORM EXHIBIT D WWwood RohWSW SrNub PHONE: 817-470-7316 500 W 7a, S\ Suite 1300 Fort Wonh, Tx 7s102 iaz CONTACT: TRAVIS BIBER C P N 106591 M051hxxo Zamaripa, P. E. main: (817) 797-1316 TBIBER@CENTURIONAMERCIAN.COM O 0' 600' 12C FUTURE RIO CLAF PARKWAY IFU11JRE _.._ ROADWAA Y) (137) 43) 3E2 DEVELOPER CENTURION AMERICAN DEVELOPMENT GROUP RIO CLARO PHASE 1 Wod 1FARMS00 SB VIEW NCH,LANE, SUITE 7524300 STREET SIGNS AND LIGHTS EXHIBIT E Vo .. ,,, ,,,,,„,,, . FARMERS BRANCH, TEXAS 75234I PHONE: 817-470-7316 500W7mStS ite1300FortWonh,Tx76102 CONTACT: TRAVIS BIBER CPN 106591 MatthawZamaripa,P.E.main: (817)797-1316 TBIBER@CENTURIONAMERCIAN.COM 00 42 43 DAP - BID PROPOSAL RIO CLARO PH 1 Page 1 of 3 SECTION 00 42 43 Developer Awarded Projects - PROPOSAL FORM UNIT PRICE BID Bidder's Application Project Item Information Bidder's Proposal Bidlist Item Description Specification Unit of Bid Unit Price Bid Value No, Section No. Measure ity Quantity UNIT I: WATER IMPROVEMENTS - PID DIRECT 1 8" Water Pipe 33 11 12 LF 17,246 $54.00 $931,284.00 2 8" DIP Water 33 1110 LF 60 $78.30 e_ $4,698.00 3 8" Water Pipe, CSS Backfill --- 331112 LF 10 $115.00 $1,150.00 4 8" Gate Valve 33 12 20 EA 37 $2,382.00 $88,134.00 5 20" Casing By Open Cut 33 05 22 LF 60 $183.50 $11,010.00 6 Fire Hydrant - Residential 33 1240 EA 10 $8,167.00 $81,670.00 7 1" Water Service 33 12 10 EA 500 $1,419.00 $709,500.00 8 2" Water Service 33 12 10 EA 4 $3,156.00 $12,624.00 9 Automatic Flushing Device 00 00 00 EA 2 $11,834.00 $23,668.00 10 Ductile Iron Water Fittings w/ Restraint -_Residential 33 11 11 TON 14 $7,193.00 $100,702.00 11 Trench Safety- Residential 33 05 10 LF 17,316 $0.10 $1,731.60 SUBTOTAL UNIT I: WATER IMPROVEMENTS - PID DIRECT $1,966,171.60 UNIT I: WATER IMPROVEMENTS - PID MI 12 12" PVC Water Pipe 33 1112 LF 6,295 $87.80 $552,701.00 13 12" DIP Water 33 11 10 LF 20 $105.10 $2,102.00 14 .. - 12" PVC Water Pipe, CS ... _ _ ..,.„w .. S Backfill 33 11 12 LF 180 $149.20 $26,856.00 15 12" Water Carrier Pipe 33 05 24 LF 20 $105.10 $2,102.00 16 12" Gate Valve 33 12 20 EA 17 $4,302,00 $73,134.00 17 24" Casing By Open Cut 33 05 22 LF 20 $239.10 _ __$4,782.00' 18 Fire Hydrant - Collector 33 12 40 EA 3 $8,167.00 $24,501.00 19 2" Combination Air Valve Assembly for Water 33 12 30 EA 3 $16,228.00 $48,684.00 20 Ductile Iron Water Fittings w/ Restraint- Collector 33 11 11 TON 7 $7,193.00 $50,351.00 21 Trench Safety- Collector 3305 10 LF 6,515 $0.10 $651.50 SUBTOTAL UNIT I: WATER IMPROVEMENTS - PID MI $785,864.50 TOTAL UNIT I: WATER IMPROVEMENTS $2,752,036.10 CITY OF FORT WORTH STANDARD CONSTRUCTION SPECIFICATION DOCUMENTS - DEVELOPER AWARDED PROJECTS CPN 106591 - Rio Clare Phase 1 Bid Forms - JJ Form Version May 22, 2019 00 42 43 DAP - BID PROPOSAL Page 2 of 3 SECTION 00 42 43 Developer Awarded Projects - PROPOSAL FORM UNIT PRICE BID Bidder's Application UNIT II: SANITARY SEWER IMPROVEMENTS 1 8" Sewer Pipe 33 31 20 LF 22,933 $49.80 $1,142,063.40 2 8" Sewer Pipe, CSS Backfill 33 31 20 LF 1,260 $124.00 $156,240.00 3 8" DIP Sewer Pipe 33 1110 LF 551 $122.80 $6766280 4 8 DIP Sewer Pipe CSS Backfill 33 1110 LF 298 $199_00 $59,302.00 5 20" Casing By Open Cut 33 05 22 LF 160 $206.90 $33,104.00 6 i Epoxy Liner 33 60 VF 475 $369.00 $175,275.00 7 4'Sewer Service 33 3150 EA 500 $1,286.00 $643,000.00 8 4' Manhole 33 39 20 EA 123 $4,440.00 $546,120.00 9 4Drop Manhole 33 39 10, 33 EA 7 $7,746.00 $54 222 00 10 4 Flat Top Manhole w/Watertight Lid 00 00 00 EA 7 $5,548.00 $38,836.00 11 External Drop Manhole Structure 00 00 00 EA 3 $8,755.00 $26,265.00 12 4' Extra Depth Manhole 33 39 10, 33 VF 388 $177.00 $68,676.00 13 Connect to Existing Sanitary Sewer 00 00 00 EA 1 $2,844.00 $2,844.00 14 Connect to Existing Manhole 00 00 00 EA 4 $10,230.00 $40,920.00 15 Manhole Adjustment, Major 33 05 14 EA 5 $2,511.00 $12,555.00 16 Manhole Vacuum Testing 33 01 30 EA 140 $182.00 $25,480.00 17 Remove 4' Sewer Manhole 02 4114 EA - 8 $2,619.00 — $20,952.00 18 Remove 8' Sewer Line 02 41 14 LF 2,739 $18.00 $49,302.00 19 Imported Embedment/Backfill, CLSM 33 05 10 CY 4 $352 00 $1,408.00 20 Trench Safety 33 05 10 LF 25,042 $0.60 $15,025.20 21 Post -CCTV Inspection 3301 31 LF 50,084 $2.30 $115,193.20 TOTAL UNIT II: SANITARY SEWER IMPROVEMENTS $3,294,445.60 UNIT III: DRAINAGE IMPROVEMENTS 1 24" ADS HP Storm Polypropylene (PP) Pipe 33 4113 LF 7,807 $68.10 $531,656.70 2 30" ADS HP Storm Polypropylene (PP) Pipe 34 41 13 LF 2,945 $90.10 $265,344.50 3 36" ADS HP Storm Polypropylene (PP) Pipe 35 41 13 LF 3,806 $120.80 $459,764 80 4 42" ADS HP Storm Polypropylene (PP) Pipe 36 41 13 LF 1,125 $163.50 $183,937.50 5 60" ADS HP Storm Polypropylene (PP) Pipe 33 41 10 LF 70 $307.50 $21,525.00 6 5x3 Box Culvert 33 41 10 LF 115 $332.00 $38,180.00 7 4' Storm Junction Box 33 49 10 EA 50 $7,791.00 $389,550.00 8 5' Storm Junction Box 33 49 10 EA 6 $9,773.00 $58,638.00 9 6' Storm Junction Box 3349 10 EA . _...__ 5 $16,962.00 $84,810.00 -- 10 4' Manhole Riser 33 49 10 _ EA 1 $2 664.00 , $2 664 0 0 ,0 11 ,_. _,. _---. 24" SET, 1 pipe 33 49 40 EA 3 $2,660.00 $7,980.00 12 30" SET, 1 pipe 33 49 40 EA 3 $2,772.00 $8,316.00 13 36" SET, 1 pipe 33 49 40 EA 4 $3,006.00 $12,024.00 14 42" SET, 1 pipe 33 49 40 EA 2 $3,117.00 $6,234.00 15 42" CH-PW-O 00 00 00 EA 1 $14,143.00 $14,143.00 16 60" CH-PW-0 00 00 00 EA 2 $26,327.00 $52,654.00 17 5'x3' SETB-CD 00 00 00 EA 2 $13,138.00 $26,276.00 18 10' Curb Inlet 33 49 20 EA 62 $8_,637.00 $535,494.00 19 15' Curb Inlet 33 49 20 EA 18 $11,324.00 $203,_832.00 20 20' Curb Inlet 33 49 20 EA 2 $14,949.00 $29,898.00 21 4' Drop Inlet 33 49 20 EA 5 $8,071.00 $40,355.00 22 Imported Embedment/Backfill, CLSM 33 05 10 CY 11 $361.00 $3,971.00 ------ 23 — Concrete Lined Emergency Weir 00 00 00 LF 369 $562.00 $207,378.00 24 Large Stone Riprap, dry 31 3700 SY 1269 $134.00 $170,046.00 25 Trench Safety 3305 10 LF 15,868 $0.20 $3,173.60 TOTAL UNIT III: DRAINAGE IMPROVEMENTS $3,357,845.10 CITY OF FORT WORTH STANDARD CONSTRUCTION SPECIFICATION DOCUMENTS - DEVELOPER AWARDED PROJECTS CPN 106591 - Rio Claro Phase 1 Bid Forms - JJ Form Version May 22, 2019 00 42 43 DAP - BID PROPOSAL Page 3 of 3 SECTION 00 42 43 Developer Awarded Projects - PROPOSAL FORM Bid Summary UNIT I: WATER IMPROVEMENTS I $2,752,036.1 UNIT II: SANITARY SEWER IMPROVEMENTS $3,294,445.6 UNIT III: DRAINAGE IMPROVEMENTS $3,357,845.1 UNIT IV: PAVING IMPROVEMENTS $0.0 UNIT V: STREET LIGHTING IMPROVEMENTS $0.0 Total Construction Bid $9,404,326.8 This Bid is submitted by the entity named below: BIDDER: BY: Kcs in (' rstenkorn PCI Construction, h1c. PO Box 2967 TITLE. President \IrNinne.1, Ica'. 751)70 DATE: 8/31/2026 Contractor agrees to complete WORK for FINAL ACCEPTANCE within 155 working days after the date when the CONTRACT commences to run as provided in (lie General Conditions. END OF SECTION CITY OF FORT WORTH STANDARD CONSTRUCTION SPECIFICATION DOCUMENTS - DEVELOPER AWARDED PROJECTS CPN 106591 - Rio Claro Phase 1 Bid Forms - JJ Form Version May 22, 2019 00 42 43 DAP - BID PROPOSAL Page 1 of 1 SECTION 00 42 43 Developer Awarded Projects - PROPOSAL FORM UNIT PRICE BID Bidder's Application UNIT IV: PAVING IMPROVEMENTS 1 2 3 4 5 6 7 8 9 6" Conc Pvmt 6" Lime Treatment 7.5" Conc Pvmt 8" Lime Treatment Hydrated Lime 4" Conc Sidewalk Barrier Free Ramp, Type R-1 Barrier Free Ramp, Type P-1 Install End -of -Road Barricade Install Sign Ground Mount 32 13 13 32 11 29 00 00 00 32 11 29 32 11 29 SY 76,987 $44.20 $2.80 $3,402,825.40 $230,428.80 $1,115,404.70 $67,046.00 _ $616,800.00 - $428,670.90 $81,360.00 $108,480.00 $11,081.82 $$3,750.00 870.00 $7,912.00 SY SY SY _ TN 82,296 22,717 23,945 2,056 68,043 36 - 48 6 43 86 $49.10 $2.80 $300.00 _--_ $6630 $2,260.00 $2,260.00 - $1,846.97 $250.00 $90.00 $92.00 32 13 20 32 1320 32 13 20 00 00 00 _ 00 00 00 00 00 00 SF EA EA EA 10 11 12 EA StopSins g Street Signs (Name Blades) EA TOTAL UNIT IV: PAVING IMPROVEMENTS $6,084,629.62 Bid Summary UNIT I -A: WATER IMPROVEMENTS $0.00 UNIT I -B: WATER IMPROVEMENTS $0.00 UNIT II: SANITARY SEWER IMPROVEMENTS $0.00 UNIT III: DRAINAGE IMPROVEMENTS $0.00 UNIT IV: PAVING IMPROVEMENTS $6,084,6292 UNIT V: STREET LIGHTING IMPROVEMENTS $0.00 This Bid is submitted by the entity named below: BIDDER: RI'iMI XCONSTRUCTION, LLC 6500 MEYER WAY, SUITE. 100 MCKINNEY, TX -75070 Total Construction BY: B1LL NZ TITLE: VICE PRESIDENT DATE: 6/17/2026 Contractor agrees to complete WORK for FINAL ACCEPTANCE within 85 working days after the date when the CONTRACT commences to run as provided in the General Conditions. END OF SECTION CITY OF FORT WORTH STANDARD CONSTRUCTION SPECIFICATION DOCUMENTS - DEVELOPER AWARDED PROJECTS CPN 106591 - Rio Claro Phase 1 Bid Forms Form Version May 22, 2019 00 42 43 DAP - BID PROPOSAL Page 4 of 4 SECTION 00 42 43 Developer Awarded Projects - PROPOSAL FORM UNIT PRICE BID Bidder's Application STREET LIGHTING IMPROVEMENTS 1 2 Ground Box, Smail, W/ Lid Apron Rdwy IIIum Assmbly TY 8,11,D-25, and D-30 Rdwy IIIum Foundation TY 1,2, and 4 Rdwy Ilium Assmbly TY 18,18A,19, and D-40 Rdwy Ilium Foundation TY 3,5,6, and 8 NO 2 Insulated Elec Condr NO 6 Insulated Elec Condr NO 10 Insulated Elec Condr ELEC SERV PED 2" CONDT PVC SCH 80 (T) 34 41 10 EA EA EA EA EA LF LF 18 107 107 31 31 17,760 $1,277.00 $3,018.00 $2,042.00 $4,381.00 $22,986.00 $322,926.00 $218,494.00 $135,811.00 3441 20 3 3441 20 34 41 20 34 41 20 34 4110 34 4110 344110 260500 26 05 33 4 5 6 $2392.00 $74,152.00 $84,360.00 $19,251.00 $45,410.25 _ $14,690.00 $318540.85 $4.75 7 6900 $2.79 8 I! 23,775 $1.91 $7,345.00 $19.73 9 EA LF 2 10 16,145 TOTAL UNIT V: STREET LIGHTING IMPROVEMENT $1,256,621.10 Bid Summars UNIT I -A: WATER IMPROVEMENTS $0.00 UNIT I -B: WATER IMPROVEMENTS $0.00 UNIT II: SANITARY SEWER IMPROVEMENTS $0.00 UNIT III: DRAINAGE IMPROVEMENTS $0.00 UNIT IV: PAVING IMPROVEMENTS $0.00 UNIT V: STREET LIGHTING IMPROVEMENTS $1,256.621.10 Total Construction Bid $1.256.621.10 This Bid is submitted by the entity named below: BIDDER: Independent I'tility Construction, Inc. 5109 Sun Valley Drive Fort Worth TX 76119 BY: RI a R olic TITLE: President DATE: Z�� Contractor agrees to complete WORK for FINAL ACCEPTANCE within 90 working days after the date when the CONTRACT commences to run as provided in the General Conditions. END OF SECTION CITY OF FORT WORTH STANDARD CONSTRUCTION SPECIFICATION DOCUMENTS - DEVELOPER AWARDED PROJECTS CPN 106591 - Rb Claro Phase 1 Bid Forms Form Version May 22. 2019 COMPLETION AGREEMENT — SELF FUNDED This COMPLETION AGREEMENT ("Agreement"), is made and entered into by and between the City of Fort Worth, ("City") and MM Rio Claro 620, LLC, a Texas limited liability company, authorized to do business in Texas, ("Developer"), effective as of the last date executed by a Party hereto. The City and the Developer may collectively be called the "Parties". WITNESSETH: WHEREAS, the Developer owns that certain tract of real property that contains approximately 180.907 acres of land located in the City, the legal description of which tract of real property is marked Exhibit "A" — Legal Description, attached hereto and incorporated herein for all purposes, ("Property"); and WHEREAS, the Developer intends to develop the Property as an addition to the City through plat FP -25-113; and WHEREAS, the Developer and the City have entered into a Community Facilities Agreement relating to the development, Rio Claro Phase 1 for Water, Sewer, Storm Drain, Paving and Street Lights ("Improvements"); and WHEREAS, the City has required certain assurances that the Developer will cause to be constructed to City standards the Improvements pursuant to the Community Facilities Agreement; and WHEREAS, the Parties desire to set forth the terms and conditions of such accommodations as are described above. NOW, THEREFORE, for and in consideration of the mutual covenants and agreements hereinafter set forth, it is hereby agreed by and between City and Developer as follows: 1. Recitals. The foregoing recitals are true, correct and complete and constitute the basis for this Agreement and they are incorporated into this Agreement for all purposes. 2. The Completion Amount. The City and the Developer agree that the Hard Costs (as shown on Exhibit "B") required to complete the Community Facilities in the aggregate should not exceed the sum of Sixteen Million Seven Hundred Forty -Five Thousand Five Hundred Seventy -Seven Dollars and Fifty -Two Cents ($16,745,577.52), hereinafter called the "Completion Amount". Notwithstanding the foregoing, it is acknowledged that the actual costs of completion of the City of Fort Worth, Texas Standard Completion Agreement — Self -Funded Page 1 of 18 Community Facilities may vary as a result of change orders agreed to by the Parties, but such variances for the purposes of this Agreement shall not affect the Completion Amount as used herein. City hereby waives the requirement for developer to deposit a financial guarantee of 100% of the Hard Costs under the CFA Policy. 3. Completion by the Developer. The Developer agrees to complete the Community Facilities and pay all Hard Costs in accordance with City standards, the CFA, the Plat, and the Plans as approved by the City. For the purposes of this Agreement, the development of the Property shall be deemed complete upon acceptance by the City of the Community Facilities pursuant to Section 6, hereof. 4. Satisfaction of the City Requirements. The City agrees that the assurances and covenants contained in this Agreement satisfy all requirements of the City with respect to Developer's Financial Guarantee, as described in the CFA Policy, or other requirements for security in connection with the development of the Property and the completion of the Community Facilities that are contained in the CFA or in any other agreement relating thereto, and the City hereby accepts the assurances and covenants contained herein in lieu thereof. To the extent the CFA irreconcilably conflicts with this Agreement, the provisions of this Agreement shall control. 5. Termination. This Agreement shall terminate upon the earlier to occur of the following: (a) acceptance by the City of the Community Facilities; or (b) mutual written agreement of the Parties. 6. Final Plat. The Parties acknowledge and agree that the City shall hold the final plat of the Property until the Community Facilities are completed and accepted by the City and all Hard Costs contractors have been paid, less retainage. Upon acceptance by the City and receipt of evidence from the Developer showing that all Hard Costs contractors have been paid, including but not necessarily limited to lien waivers and bills paid affidavits, the City shall within a reasonable time file the final plat for the Property in the Plat Records of the county where the Property is located. The purpose of the City retaining the final plat of the Property as provided herein is to guarantee the Developer's obligations under the CFA are completed. 7. Construction Contracts. Developer agrees to include in each Construction contract that it enters into for the completion of the Community Facilities the following: A. A statement that the City is not holding any security to guarantee any payment for work performed on the Community Facilities; B. A statement that the Property is private property and that same may be subject to mechanic's and materialman's liens; C. A requirement that each contractor contracting with the Developer release the City from any claim that is related to the Property; and City of Fort Worth, Texas Standard Completion Agreement — Self -Funded Page 2 of 18 D. A requirement that each contractor contracting with the Developer include in each subcontract the statements contained in (a), (b) and (c) above. 8. Miscellaneous. A. Non -Assignment of Agreement. This Agreement may not be assigned by any of the Parties without the prior written consent of all the other Parties. B. Notice. Any notice required or permitted to be delivered under this Agreement shall be deemed received on actual receipt by the appropriate party at the following addresses: (i) Notice to the City shall be addressed and delivered as follows: City of Fort Worth Development Services Department 100 Fort Worth Trail Fort Worth, Texas 76102 Attention: Contract Management Office Kandice Merrick, Development Manager Email: kandice.merrick@fortworthtexas.gov Confirmation Number: 817-392-7810 With a copy thereof addressed and delivered as follows: Office of the City Attorney City of Fort Worth 100 Fort Worth Trail Fort Worth, Texas 76102 Attention: Richard A. McCracken Sr. Assistant City Attorney Confirmation Number: 817-392-7611 (ii) Notice to the Developer shall be addressed and delivered as follows: MM Rio Claro 620, LLC 1800 Valley View Lane, Suite 300 Farmer Branch, Texas 75234 A party may change its address for notice upon prior written notice to the other parties pursuant to the terms hereof. C. Texas Law to Apply. This Agreement shall be construed under and in accordance with the laws of the State of Texas. City of Fort Worth, Texas Standard Completion Agreement — Self -Funded Page 3 of 18 D. Parties Bound. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective legal representatives, successors and assigns. E. Legal Construction. In case any one or more of the provisions contained in this Agreement shall for any reason is held to be invalid, illegal, or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision of this Agreement, and this Agreement shall be construed as if such invalid, illegal, or unenforceable provision had never been contained in this Agreement. F. Prior Agreements Superseded. This Agreement constitutes the sole and only agreement of the Parties with respect to the subject matter hereof and supersedes any prior understandings or written or oral agreements among the Parties concerning the subject matter hereof. G. Amendment. This Agreement may only be amended by a written instrument executed by all of the Parties to this Agreement. H. Headings. The headings that are used in this Agreement are used for reference and convenience purposes only and do not constitute substantive matters to be considered in construing the terms and provisions of this Agreement. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] City of Fort Worth, Texas Standard Completion Agreement — Self -Funded Page 4 of 18 Executed in each entity's respective name by its duly authorized signatories effective as of the date executed by the City's City Manager or his/her designee. CITY OF FORT WORTH: Dianna Giordano (Oct 6, 2026 15:16:13 CDT) Jesica McEachern Assistant City Manager Date: 10/06/2026 Approved as to Form & Legality: u/d Jessika Williams Assistant City Attorney Date: 10/05/2026 ATTEST: Jannette Goodall City Secretary City of Fort Worth, Texas Standard Completion Agreement — Self -Funded Page 5 of 18 DEVELOPER: MM Rio Claro 620, LLC By: MMM Ventures, LLC, A Texas limited liability company, Its manager By: 2m Ventures, LLC, A Delaware limited liability company, Its manager �1e1��/��✓2.6��✓ Mehrdad Moayedi (Oct 2, 2026 74:55 CDT) Mehrdad Moayedi Manager Date: 10/02/2026 LIST OF EXHIBITS ATTACHMENT "1"- CHANGES TO STANDARD AGREEMENT EXHIBIT A - LEGAL DESCRIPTION III: :''tTlevi DI -D City of Fort Worth, Texas Standard Completion Agreement — Self -Funded Page 6 of 18 ATTACHMENT "1" Changes to Standard Agreement Self -Funded Completion Agreement None City of Fort Worth, Texas Standard Completion Agreement — Self -Funded Page 7 of 18 EXHIBIT A LEGAL DESCRIPTION BEING a tract of land situated in the R. Ganzara Survey, Abstract Number 563, the T. & P. R.R. Co. Survey, Abstract Number 1568, and the ACH & B Survey, Abstract Number 55, City of Fort Worth, Tarrant County, Texas, being a portion of that tract (Tract 2) of land described by deed to MM Rio Claro 620, LLC, recorded in Instrument Number D225187493, County Records, Tarrant County, Texas, being all of that tract (Tract 4) and a portion of that tract (Tract 3) of land described by deed to MM Rio Claro 620, LLC, recorded in Instrument Number D225187495, said County Records, and being more particularly described by metes and bounds as follows: COMMENCING at a 1/2 inch iron rod with plastic cap stamped "G00DWIN", found at the northwest corner of said Tract 3, being the intersection of the south right-of-way line of Bonds Ranch Road (a 120' right-of-way) and the east right-of-way line of Molina Lane (a 100' right-of- way, private road); THENCE N 89°23'42"E, 671.88 feet, with the north line of said Tract 3 and said south right-of-way line, to a 5/8 inch iron rod with plastic cap stamped "Westwood", set at Ae POINT OF BE NNING; THENCE N 89°23'42"E, 50.00 feet, continuing with said common line, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; THENCE departing said common line, over and across said Tract 3, the following courses and distances: S 00°36'18"E, 135.00 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; S 45°36'18"E, 14.14 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; S 00°36'18"E, 50.00 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; S 89°23'42"W, 213.79 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; S 44°23'42"W, 14.14 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; City of Fort Worth, Texas Standard Completion Agreement — Self -Funded Page 8 of 18 S 00°36'18"E, 435.00 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; S 45°36'18"E, 14.14 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; S 00°36'18"E, 50.00 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; S 44°23'42"W, 14.14 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; S 00°36'18"E, 555.00 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; S 45°36'18"E, 14.14 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; S 00°36'18"E, 50.00 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; S 44°23'42"W, 14.14 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; S 00°36'18"E, 35.25 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood", set at the beginning of a curve to the left; With said curve to the left, an arc distance of 753.57 feet, through a central angle of 22°08'30", having a radius of 1950.00 feet, the long chord which bears S 11°40'33"E, 748.89 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; S 22°44'48"E, 22.87 feet, to a 5/8 inch iron rod with plastic cap stamped "Peloton" found; S 67°44'48"E, 14.14 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood", set in the south line of said Tract 3, being in a north line of said Tract 2; THENCE departing said common line, over and across said Tract 2, the following bearings and distances: S 22°44'48"E, 50.00 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; City of Fort Worth, Texas Standard Completion Agreement — Self -Funded Page 9 of 18 S 22°15'12"W, 14.14 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; S 22°44'48"E, 110.00 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; N 67°15'12"E, 420.00 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; N 22°44'48"W, 110.00 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; N 67°44'48"W, 14.14 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; N 22°44'48"W, 50.00 feet, to a 5/8 inch iron rod with plastic cap stamped "Peloton", found at the most southerly southeast corner of said Tract 3, being in the aforementioned north line of said Tract 2; THENCE with the east line of said Tract 3 and said north line, the following courses and distances: N 22°15'12"E, 14.14 feet, to a 5/8 inch iron rod with plastic cap stamped "Peloton" found; N 22°44'48"W, 22.58 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood", set at the beginning of a curve to the right; With said curve to the right, an arc distance of 607.42 feet, through a central angle of 22°44'48", having a radius of 1530.00 feet, the long chord which bears N 11°22'24"W, 603.44 feet; THENCE departing said common line, over and across said Tract 3, the following courses and distances: NORTH, 154.32 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood", set at the beginning of a curve to the right; With said curve to the right, an arc distance of 254.63 feet, through a central angle of 12°21'49", having a radius of 1180.00 feet, the long chord which bears N 06°10'54"E, 254.13 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; N 30°14'39"W, 14.70 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; City of Fort Worth, Texas Standard Completion Agreement — Self -Funded Page 10 of 18 N 14°05'23"E, 50.06 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; N 61°12'32"E, 13.98 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood", set at the beginning of a non -tangent curve to the right; With said non -tangent curve to the right, an arc distance of 446.75 feet, through a central angle of 21°41'32", having a radius of 1180.00 feet, the long chord which bears N 26°36'48"E, 444.09 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood", set at the beginning of a compound curve to the right; With said compound curve to the right, an arc distance of 16.67 feet, through a central angle of 02°37'49", having a radius of 363.00 feet, the long chord which bears N 38°46'29"E, 16.66 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; N 40°05'23"E, 63.58 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; N 49°39'44"W. 47.05 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; N 14°52'27"W, 102.29 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood", set at the beginning of a curve to the right; With said curve to the right, an arc distance of 17.87 feet, through a central angle of 11°22'45", having a radius of 90.00 feet, the long chord which bears N 09°11'04"W, 17.85 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood", set at the beginning of a reverse curve to the left; With said reverse curve to the left, an arc distance of 86.29 feet, through a central angle of 54°55'56', having a radius of 90.00 feet, the long chord which bears N 30°57'39"W, 83.02 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood", set at the beginning of a reverse curve to the right; With said reverse curve to the right, an arc distance of 99.96 feet, through a central angle of 63°38'04", having a radius of 90.00 feet, the long chord which bears N 26°36'35"W, 94.90 feet, to a 5/8 inch iron City of Fort Worth, Texas Standard Completion Agreement — Self -Funded Page 11 of 18 rod with plastic cap stamped "Westwood" ", set at the beginning of a reverse curve to the left; With said reverse curve to the left, an arc distance of 89.73 feet, through a central angle of 57°07'25', having a radius of 90.00 feet, the long chord which bears N 23°21'15"W, 86.06 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; N 51°54'58"W, 63.97 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood", set in the north line of said Tract 3, and being in the south right-of-way line of said Bonds Ranch Road; THENCE N 89°23'42"E, with said right-of-way line, at 381.57 feet, the northeast corner of said Tract 3, being the northwest corner of said Tract 2, in all a total distance of 441.57 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood", set at the northeast corner of said Tract 2, being the northeast corner of Lago Vista at Bonds Ranch, an addition to the City of Fort Worth, Tarrant County, Texas, recorded in Cabinet A, Slide 10089, said County Records; THENCE with the east line of said Tract 2 and the west line of said Lago Vista at Bonds Ranch, the following courses and distances: S 00°36'18"E, 27.91 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood", set at the beginning of a curve to the right; With said curve to the right, an arc distance of 132.28 feet, through a central angle of 09°03'57", having a radius of 836.00 feet, the long chord which bears S 03°55'41"W, 132.14 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood", set at the beginning of a compound curve to the right; With said compound curve to the right, an arc distance of 53.35 feet, through a central angle of 07°27'52", having a radius of 409.50 feet, the long chord which bears S 12°11'36"W, 53.31 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; S 76°09'56"E, 15.94 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; S 13°50'04"W, 50.00 feet, to a 1/2 inch iron rod with plastic cap stamped "Brooks Baker" found; City of Fort Worth, Texas Standard Completion Agreement — Self -Funded Page 12 of 18 N 76°09'56"W, 20.17 feet, to a 5/8 inch iron rod with plastic cap stamped "Peloton", found at the beginning of a non -tangent curve to the right; With said non -tangent curve to the right, an arc distance of 204.09 feet, through a central angle of 14°05'19", having a radius of 830.00 feet, the long chord which bears S 22°36'17"W, 203.58 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; S 29°38'57"W, 246.78 feet, to a 5/8 inch iron rod with plastic cap stamped "Peloton" found; S 60°21'03"E, 770.00 feet, to a 5/8 inch iron rod with plastic cap stamped "Peloton" found; S 15°34'52"E, 1001.36 feet, to a 5/8 inch iron rod with plastic cap stamped "Peloton" found; S 80°05'35"E, 197.21 feet, to an ell corner in said east line, being the northwest corner of that tract of land described by deed to Bonds Ranch Investors, LTD, previously known as Hicks Road Investors, LTD, recorded in Volume 13867, Page 68, said County Records; THENCE S 09°54'25"W, 456.28 feet, departing said common line, with said east line and the west line of said Bonds Ranch Investors tract, to a 5/8 inch iron rod with plastic cap stamped "Brooks Baker', found at the southwest corner of said Bonds Ranch Investors tract; THENCE S 80°05'35"E, 477.39 feet, continuing with said east line and with the south line of said Bonds Ranch Investors tract, to a 5/8 inch iron rod with plastic cap stamped "Brooks Baker", found at the southeast corner of said Bonds Ranch Investors tract, being in the west line of that tract (Tract 1) of land described by deed to MM Rio Claro 602, LLC, recorded in Instrument Number D225187495, said County Records; THENCE S 09°54'25"W, 247.72 feet, continuing with said east line and with said west line, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; THENCE departing said common line, over and across said Tract 2, the following bearings and distances: S 67°15'12"W, 336.52 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; City of Fort Worth, Texas Standard Completion Agreement — Self -Funded Page 13 of 18 S 22°44'48"E, 60.00 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; N 67°15'12"E, 188.46 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood", set in the aforementioned east line of said Tract 2 tract and the west line of said Tract 1; THENCE S 09°54'25"W, 86.27 feet, with said common line, to a 5/8 inch iron rod with plastic cap stamped "Westwood" found; THENCE S 00°18'49"E, 1959.82 feet, continuing with said common line, to a 5/8 inch iron rod with plastic cap stamped "Westwood", found at the southeast corner of said Tract 2; THENCE S 63°02'06"W, 391.77 feet, with the south line of said Tract 2 and a north line of said Tract 1, to a 5/8 inch iron rod with plastic cap stamped "Westwood", found at the beginning of a curve to the right; THENCE with said common line and curve to the right, an arc distance of 338.18 feet, through a central angle of 26°00'29", having a radius of 745.00 feet, the long chord which bears S 76°02'20"W, 335.28 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" found; THENCE departing said common line, over and across said Tract 2, the following bearings and distances: N 00°16'08"E, 509.18 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; N 89°43'52"W, 60.00 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; S 00°16'08"W, 509.06 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood", set in the south line of said Tract 2, being a north line of said Tract 1; THENCE N 89°19'46"W, 1046.84 feet, with said common line, to a 5/8 inch iron rod with plastic cap stamped "Westwood", found at the southwest corner of said Tract 2; THENCE N 00°40' 11"E, 269.24 feet, with the west line of said Tract 2 and said north line, to a 5/8 inch iron rod with plastic cap stamped "Westwood" found; City of Fort Worth, Texas Standard Completion Agreement — Self -Funded Page 14 of 18 THENCE N 44°43'48"W, 285.77 feet, continuing with said common line, to a 5/8 inch iron rod with plastic cap stamped "Westwood", set at the southeast corner of Lot 43, Block C, Lago Vista at Bonds Ranch, an addition to the City of Fort Worth, Tarrant County, Texas, recorded in Cabinet A, Slide 8114, said County Records; THENCE departing said common line, continuing with the west line of said Tract 2 and with the east line of said Lago Vista at Bonds Ranch, the following bearings and distances: N 01°22'51"W, 643.38 feet, to a 1/2 inch iron rod with plastic cap stamped "Goodwin Marshal" found; N 08°00'58"W, 156.13 feet, to a 3/8 inch iron rod with no cap found; N 18°22'49"W, 903.32 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; N 09°03'20"E, 239.97 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; N 00°27'42"W, 130.16 feet, to a 1/2 inch iron rod with no cap, found at the northeast corner of said Lago Vista at Bonds Ranch, being in the south line of Lot 16, Block E, Lago Vista at Bonds Ranch, an addition to the City of Fort Worth, Tarrant County, Texas, recorded in Cabinet A, Slide 6636, said County Records, the beginning of a non -tangent curve to the left; THENCE with said non -tangent curve to the left, an arc distance of 14.01 feet, through a central angle of 00°49'55", having a radius of 965.00 feet, the long chord which bears N 87°52'39"E, 14.01 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood", set at the southeast corner of said Lot 16, Block E; THENCE N 00°27'42"W, 574.45 feet, with said west line and the east line of said Block E, to a 5/8 inch iron rod with plastic cap stamped "Peloton", found at the most westerly northwest corner of said Tract 2, being the southwest corner of aforementioned Tract 3; THENCE N 69°45'18"E, 170.31 feet, with the south line of said Tract 3 and the north line of said Tract 2, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; City of Fort Worth, Texas Standard Completion Agreement — Self -Funded Page 15 of 18 THENCE departing said common line, over and across said Tract 2, the following bearings and distances: S 18°09'54"E, 9.36 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; S 22°44'48"E, 120.00 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; N67°15'12"E, 114.74 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; N 22°15'12"E, 14.14 feet, to a 5/8 inch iron rod with plastic cap stamped "Peloton", found at an ell corner in the common south line of said Tract 3 and the north line of said Tract 2; THENCE N 22°44'48"W, 22.87 feet, with said common line, to a 5/8 inch iron rod with plastic cap stamped "Westwood", set at the beginning of a curve to the right; THENCE with said common line and curve to the right, at an arc distance of 90.98 feet passing an ell corner in said common line, departing said common line over and across said Tract 3, in all an arc distance of 772.89 feet, through a central angle of 22°08'30", having a radius of 2000.00 feet, the long chord which bears N 11°40'33"W, 768.09 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; THENCE continuing over and across said Tract 3, the following bearings and distances: N 00°36'18"W, 35.25 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; N 45°36'18"W, 14.14 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; N 00°36'18"W, 50.00 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; N 44°23'42"E, 14.14 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; N 00°36'18"W, 1060.00 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; City of Fort Worth, Texas Standard Completion Agreement — Self -Funded Page 16 of 18 N 45°36'18"W, 20.56 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; N 00°36'18"W, 45.46 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; N 89°23'42"E, 218.32 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; N 44°23'42"E, 14.14 feet, to a 5/8 inch iron rod with plastic cap stamped "Westwood" set; THENCE N 00°36'18"W, 135.00 feet to the Point of Beginning and containing 7,880,299 square feet or 180.907 acres of land more or less. City of Fort Worth, Texas Standard Completion Agreement — Self -Funded Page 17 of 18 EXHIBIT B APPROVED BUDGET Items A. Water and Sewer Construction 1. Water Construction 2. Sewer Construction Water and Sewer Construction Total Developer's Cost $ 2,752,036.10 $ 3,294,445.60 $ 6,046,481.70 B. TPW Construction 1. Street $ 6,084,629.62 2. Storm Drain $ 3,357,845.10 3. Street Lights Installed by Developer $ 1,256,621.10 4. Signals $ - TPW Construction Cost Total $ 10,699,095.82 Total Construction Cost (excluding the fees): $ 16,745,577.52 City of Fort Worth, Texas Standard Completion Agreement — Self -Funded Page 18of18 FORT WORTH® City Secretary's Office Contract Routing & Transmittal Slip Contractor's Name: MM Rio Claro 620, LLC Subject of the Agreement: CFA 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 0 No 8 If so, provide the original contract number and the amendment number. Is the Contract "Permanent"? *Yes 8 No ❑ 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: If different from the approval date. Expiration Date: If applicable. Is a 1295 Form required? * Yes ❑ No 8 *If so, please ensure it is attached to the approving M&C or attached to the contract. Project Number: If applicable. 106591 *Did you include a Text field on the contract to add the City Secretary Contract (CSC) number? Yes 8 No 0 Contracts need to be routed for CSO processing in the following order: 1. Katherine Cenicola (Approver) 2. Jannette S. Goodall (Signer) 3. Allison Tidwell (Form Filler) *Indicates the information is required and if the information is not provided, the contract will be returned to the department.