HomeMy WebLinkAboutContract 45435 (1.3TY s
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CONTRACT NO, L
O ETIO1 AGREEME T
This Completion Agreement, ("Agreement"), is made and entered
into ply and between the City of Fort Werth, ("City") and "first Texas
Homes, Inc., 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 he called the "Parties"'.
WHEREAS, the Developer owns that certain tract of real property
that c of to ns approximately l 3.443 acre s 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 purposies, ("Property"); and
WHEREAS, the Developer intends to develop the Property as are
addition to the City through plat FP 013-060 as approved by the City on.
or before the date of this Agreement "Plat"') and
WHEREAS, the Developer and the City have entered into a
Community Facilities Agreement CFA # 2013-091 ; M&C N' A) relating
to the deve�lolpment, presidia West Phase l� for P,av l Dral
� na e
Water Sewer and Lighting m r vements, ("Improvements")- and
WHEREAS, the City has required certain assurances that the
Developer will ea se 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
conditieins of such accommodations dations as are described abolve.
NOW THEREFORE, for and in consideration of the mutual
covenants and agreements hereinafter set fourth, it is hereby agreed by
and between City and Developer per as fe'llews
1 . Recitals. The foregoing recitals are true, correct and complete
and constitute the ha ,is for this Agreement and they are
incorporated i nte this Agreement for all purpe see �� RECORD
0 OFFICIAL
2. the Co m-p 1e 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 Nine Hundred Thirty Three Thousand Fifteen Dollars &
Fifty Five Cents 9 33O-15.5 5.), hereinafter called the
"Coml etion, Amount". Notwithstanding the foregoing, it is
acknowledged that the actual costs of completion of the
Community Facilities may vary as a result of ebange 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 1, 00% of the Hard Costs under the
CFA Policy.
3. C,om,.. letion by the Deve 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, hereolf.,
4. Satisfaction of the tyRequ The City agrees that the
�irements.
assurances and covenants contai,ned 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 Prope ty
and the completion of the Community Facilities that are
contained in the CFA or in any other agreement relating thereto,
and the City herebly 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.
COMPLE"I"JON AGREEMENT
SELF FUNDED
Revised, January 2012
Page 21 of 9
5. Tee mi nation., This Agreement shall terminate upon the arlier to
occur of the following.: (a) acceptance by the City of the
Community Facilities; or (b) mutual written agreement of the
Parties.
6. "inal Plat. The Parties acknowledge and agree that the City shall
hold the final plat of the Property until the Community Facilities,
are completed and accepite!d by the City and all and Costs
contractors have been paid, less retainage. Upon acceptance by
the City and receipt olf evidence from the Developer showing that
all Hard Costs contractors have been plaid, including but not
necessarily limited to lien waivers and bills paid affidavits, the
City shall within a reasonlable time file the final plat for the
Property in the Plat Records of the county were 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 follo vin,cr-
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 s,a
may be subject to mechanic's and material man's liens;
C. A requirement that each contractor contracting with the
Developer release the City from any claim that is related to
the Pro erty; and
l
p I
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.
COMPLETION AGREEMENT
S E L F FUNDED
Revised, January 2012
Page, 3 of 9
A. Non-Assi,gnment of Agreement. This Agreement rnay not be
assigned by any of the Pa,rties without the prior writt n
consent of all "the other Parties.
B. "N ol t i c e. Any notice required or permitted to be delivered,
under this Agreement shall be deemed received on actual
receipt bly the appropriate party at the following addresses:
(1) Notice to the City shall be a,ddreissed and delivered as,
fo I 10 W s:
City of Fort Worth
Planning & Developndent Department
10010, Throckmortoin Street
Fort Worth, Texas 76102
Attention.- CFA Divis,ilon
David Schroleder, Development Manager
Email,-. David.Sichroleder L4,fortworth
Coinfirma,tion Number 392-2239
andor
Attention. CFA Division
Jana K,nigh,t, Administrative Assistant
Emaik J any.KnightA fort worth Yov.oLg
Confirmation Number 817-3192-2025
With a copy thereof addressed and delivered as follows
-,
City olf Foirt Worth
1000 Throckinorton Street
Fort Worth, Texas 76102
Attention: Douglas W. Black
As,s,istant City Attorney
Telecopy Number.- 817'-3912,-8359
Confirmation Number.- 817392-7600
COMPLETION AGREEMEN'T
SELF FUNDED
Revised January 2012
Page 4 of 1)
(i 1) Notice to; the Developer shall be addressed and
delivered as follows-,
First Texas Homes, Inc.
Attention: Keith Hardesty
500 Crescent Court, Suite 350
Dallas, Texas 752011
A party may change Its address for notice upon prior written
notice to the o,ther parties pursuant to the terms hereof.
C. Texas Law to Ap-plv. This Agreement shall be construed under
and in acc rdance with the laws of the State of Texas.
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. Lle-gal 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 unenforc,eability 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 Ag,reement.
F. Prior Agrecments Superseded. This Agreement constitutes the
sole and only agreem nt 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. Heading. The headings that are used in this Agreement are
used for reference and convenience purposes only and do not
constitute substantive matter's to be considered in construing
the terms and provisions of this Agreement.
COMPLETION AGREEMENT
SELF FUNDED
Rev sed January 2012
Page 5 of' 91
ExecUted IN QUADRUPLET by the Parties hereto-,
DEVELOPER: '"** 'r6YA$KOM C I T Y 0 F F 0,R T W 0 R T H
Nan-ie -15— Fernand,o Costa
Title: D )? Ass s a City Manager
Date: D ate:
APPRO; ED: AS TO FORM,-.
I Now ON"W�ow"
Di o,u[VT'a,s, W. B I a,c
,Assistant City Atto ey
A T_^
00
0,X
Mary er
City Secretary
M&C#
Date:
OFFICIAL RECORD
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LFFIC, D
71
COMPLETION AGREEMENT CITY SECRETARY
SE,LF FUNDED T V
Revised January 2012 F'Tm WORTH,TX
Page 6 of 9
LIST OF EXHIBITS
EXHIBIT A - LEGAL DESCRIPTION
EXHIBIT B - APPROVED BUDGET
COMPLETION' AGREFMENT
SELF FUNDED
Revised JanLlary 2012
Page 7 of 9
YFAH I BIT' A
LEGAL DESCRIPTION
COMPLETION AGREEMENT
SELF FUNDED
Revised, January 2,012
Page 8 of 9
EXHIBIT"A"'
LEGAL DESCRIPTION
BEING A 13.443 ACRE TRACT OF LAND SITUATED IN THE,JOSIA14 WALKER SURVEY,
ABSTRACT NO. 1600,CITY OF FORT WORTH,TARRANTCOUNTY',TEXAS,AND BEING A
PORTION OF A TRACT OF LAND CONVEYED TO FIRST TEXAS HOMES, INC., AS RECORDED
IN COUNTY CLERK'S FILE NO. D210260522,OFFICIAL PUBI'*'IC RECORDS,TARRANT
COUNTY,TEXAS, SAID 13�.443 ACRETRACT WITH REFERENCE BEARING BEING THE
RECORDED PLATOFTHE PRESIDIO WEST PHASE I ADDITION,AN ADDITION TO THE CIT '
OF FORT WORTH,AS RECORDED, IN CABINET A. S LID:E 11771,PLAT RECORDS,TA. NT
COUNTY,TEXAS,AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS
AS FOLLOWS.-
BEGINNING AT A 5/8"IRON ROD WITH A YELLOW PLASTIC CAP STAMPED"'CARTER
BURGESS"F, UN FOR THE EAST CORNER OF LOT 49,BLOCK I OF SAID PRESIDIO WEST,,
PHASE I ADDITION, SAID POINT BEfNG ON THE NORTHWEST RIGHT-OF-WAY LINE,OF
HERITAGE TRACE PARKWAY A 130 FOOT RIGHT-OF-WAY,
AS RECORDED IN CAB INET A.
SLIDE 11771,PLAT RECORDS, FARRANT COUNTY,TEXAS,
THENCE,ALONG THE NORTHEAST LINE OF SAID PRESIDIO WEST,PHASE I ADDITION,THE
FOLLOWING COURSES AND DISTANCES:
NORTH 41 DEGREES 38 MINUTES 54 SECONDS WEST,A DISTANCE OF 111.43 FEET TO
A 5/8" IRON ROD WITH A YELLOW PLASTIC CAP STAMPED "'CARTER BURGESS"
FOUND FOR CORNER,
NORTH 52 DEGREES,25 MINUTES 27 SECONDS WEST,A DISTANCE OF 115.21 FEET TO
A 5/8" IRON ROD WITH A YELLOW PLASTIC CAP, STAMPED"CARTER,BURGESS11
FOUND FOR THE SOUTH CORNER OF THE PRESIDIO WEST,PHASE 11 ADDITION,AN
ADDITION TO THE CITY OF FORT WORTH,AS RECORDED IN COUNTY CLERK'S FILE
NO. D2 I 2251 01251 PLAT RECORDS,TARRANT COUNTY FEXAS, FROM WHICH A 5/8"
IRONROD WITH A YELLOW PLASTIC CAP STAMPED"CARTER BLTRGESS"FOUND
BEARS NORTH 65 DEGREES 44 MINUTES 2,8 SECONDS WEST,A DISTANCE OF 110.00
FEET,
THENCE,ALONG THE SOUTHEAST LINE OF SAID PRESIDIO WEST,PHASE II ADDITION,THE
FOLLOWING COURSES AND DISTANCES-
NORTH 24 DEGREES 15 MINUTES 32 SECONDS EAST, A DISTANCE OFI 83.69 FEET TO
A 5 " IRON ROD WITH A YELLOW PLASTIC CAP STAMPED ""JACOB'S"" SET FOR
CORNER;
NORTH 37 DEGREES 09 MIS: TICS 47 SECONDS EAST,A DISTANCE OF 59.16 FEET TO
A 5/8" IRON ROD WITH A YELLOW PLASTIC CAP STAMPED "JACOBS"' SET FOR A
SOUTHEAST CORNER OF SAID PRESIDIO WEST,PHASE 11 ADDITION;
THENCE, ALONG THE NORTHEAST LINE OF SAID PRESIDIO WEST,PHASE 11 ADDITIONJHE
FOLLOWING COURSES AND DISTANCES-
Page 1: ot'4
NORTH 58 DEGREES 27 MINU'I"'ES 08 SECONDS WEST,A DISTANCE OF 119.29 FEE"'I'TO
A 5/8" 1RON ROD WITH A YELLOW PLASTIC CAP STAMPED "'JACOBS" SET FOR
CORNER ON TIME SOUTHEASTRIGHT-OF-WAY LINE OF SALVIA DRIVE, A 601 FOOT
RIGHT-OF-WAY, AS RECORDED IN COUNTY CLERK'S FILE NO. D212253025,PLAT
RECORDS,TARR-ANT COUNTY,TEXAS, SAID PO' T ALSO BEING THE BEGINNING
OF A NON-TANGENT CURVE TO THE RIGHT HAVING A CENTRAL ANGLE OF 01,
DEGREES 20 MINUTES I I SECONDS, A RADIUS OF 470.00 FEET,AND A LONG CHORD
THAT BEARS NORTH 33 DEGREES I I MINUTES 46 SECONDS EAST ADISTANCE OF
10 6 FEETI
ALONG"I'TIE SOUTHEAST RI HOFWA
GT- - Y LINE OF SAID SALVIA DRIVE, AND SAID
NON NGNTC
-TAEURVE r,1,0 r FHE RIGHT,AN ARC DISTANCE OF 101.96 FEET TO A 5/811
IRON ROD WITH A YELLOW PLASTIC CAP STAMPED "JACOBS"' SET FOR CORNER;
I
NORTH' 56 DEGREES 08 MINUTES 08 SECONDS WEST,DEPARTING1,HE SOUTHEAST
RIGHT-OF-AY LINE OF SAID,SALVIA DRIVE, A DISTANCE OF 199.76 FEET TO A 5/811
IRON ROD WITH A YELLOW PLASTIC CAP STAMPED "JACOBS" SET FOR CORNER.,
NORTH 13 DEGREES 58 MINUTES 56 SECONDS WEST,A DISTANCE OF 45.26 FEET TO
A 5/'8" IRON ROD WITH A YELLOW PLASTIC CAP STAMPED "JACOBS" SET FOR
CORNER;
NORTH 5 DEGREES 27 MINUTES 46 SECONDS WEST,A DISTANCE OF 1,15.30, FEET TO
A 5/8"' IRONRODWITH A YELLOW PLASTIC CAP STAMPED IIIJACOBS"' SET FOR.
CORNER,
NORTH 32 DEGREES 24 MINUTESi 55 SECONDS WEST, A DISTANCE OF 601.21 FEET TO
A 5/8" IRON ROD WITH A YELLOW PLASTIC CAP STAMPED "JACOBS" SET FOR
CORNER-,
NORTH 27 DEGREES 39 MINUTES 06 SECONDS,WEST.,A DISTANCE OF 41 .00 FEET TO
A 5/8" IRON ROD WITH A YELLOW PLASTIC CAPS'I"AMPED,"JACOBS" SET FOR
CORNER ON THE SOUTHEAST LINE OF THE PRESIDI ES"f,PHASE III ADDITION,
AN ADDITION TO THE CITY OF FORT WORTH .AS RECORDED IN COUNTY CLERK"S
FILE NO.D213318'441,PLAT RECORDS,TARRANT COUNTY,TEXAS, SAME BEING THE
SOUTHEAST RJGHT-OF-WAY LINE OF SENITA CACTUS STREET, A 50 FOOT RIGHT-
OF-WAY, AS RECORDED IN COUNTY Cl,ER.K'S FILE 1,4 0. 13212253025.,AND IN
D21331 8441,PLAT RECORDS,l TARRANTCOUN'"I"Y TEXAS11
THENCE,ALONG THE SOUTHEAST LINE OF SAID PRESIDIO WEST,PHASE III ADDITION,THE
FOLLOWING COURSES ANT)DISTANCES-
'NORTH 62 DEGREES 2,10 MINUTES 54 SECONDS EAST,A DISTANCE OF 1100.00 FEET TO
A 5/8"' IRON ROD WITH A YELLOW PLASTIC CAP STAMPED "JACOBS" SET FOR
CORNER AT THE WEST END OF A CORNER CLIP AT THE INTERSEcTiON OF THE
SOUTHEAST RIGHT-OF'-WAY LINE OF SAID SENITA CACTUS STREET,AND THE
SOUTHWEST RIGHT-OF'-WAY LINE OF AMARANTH DRIVEI A 50,FOOT RIGHT-OF-
WAY,AS RECORDED IN COUNTY CLERK'S FILE NO. D213318441 ,PLAT RECORDS,
TEXAS,-
TARRANT COUNTY, I
SOUTH 72 DEGREES 39 MINUTES 06 SECONDS EAST,ALONG SAID CORNER CLIP,A
DISTANCE OF 6.36 FEET TO A 5/8" IRON ROD'wirrH A YELLOW PLASTIC CAP
STAMPED "JACOBS" SET FOR CORNER,-
NORTH 62 DEGREES 201 MINUTES 54 SECONDS EAST,,OVER AND, ACROSS SAID
AMARANTH DRIVE, A DISTANCE OF 55.50 FEET TO A 5/8" IRON ROD,WITH A
YELLOW PLASTIC CAP STAMPED "JACOBS" SET FOR CORNER ON THE NORTHEAST
RIGHT-OF-WAY LINE OF SAID AMARANT14 DRIVE;
Page 2 olf 4
NORTH 27 DEGREES 39; MINUTES 06 SECONDS WEST,ALONG THE NORTHEAST
RIG,HT-OF-WAY LINE OF SAID AMARANTH DR-IVE, A DISTANCE OF 21.56 FEET TO A
5/8" IRON ROD WITH A YELLOW PLASTIC CAP ST AMPED"'JACOBS" SET FOR
CORNER;
NORTH 62 DEGREES 20 MINUTES 54 SECONDS EAST,DEPARTING THE NORTHEAST
RIGHT-OF'-WAY LINE OF SAID AMARANTH DRIVE,A DISTANCE OF I 10.00 FEET TO A
5/'8" IRON ROD WITH A YELLOW PLASTIC CAP STAMPED,"'JACOBS" SET FOR THE
SOUTHEAST CORNER OF SAID P'RESIDIO WEST,PHASE III ADDITION;
THENCE,,OVER AND ACROSS SAID FIRST TEXAS HOMES, INC. TRACT,THE FOLLOWING
COURSES AND DISTANCES:
SOUTH 27 DEGREES 39, MINUTES 06,SECONDS, EAST, A DISTANCE OF 431,0 FEET TO
A 5/8" IRON ROD,WITH A.YELLOW PLASTIC CAP ST. PEI "JACOBS" SET FOR
CORNER;
NORTH 612 DEGREES 20,MINUTES 54 SECONDS EAST,A DISTANCE OF 100.00 FEET TO
A 5/8" IRON ROD WITH A YELLOW PLASTIC CAP STAMPED "JACOBS" SET FOR
CORNER;
NORTH 17 DEGREES 20 MINUTES 54 SECONDS EAS"I".A DISTANCE OF 7.07 FEET TO,A
5/8" IRON ROD WITH A YELLOW PLASTIC CAP STAMPED"JACOBS" SET FOR
CORNER,
NORTH 62 DEGREES 20 MINUTES 54 SECONDS EAST,A DISTANCE OF 60.00 FEET TO
A 5/8" IRON ROD WITH A YELLOW PLASTIC CAP STAMPED"JA COBS" SET FOR
CORNER;
SOUTH 72 DEGREES 39 MINUTES 06 SECONDS EAST,A DISTANCE OF 7.07 FEET TO A
5/8," IRON ROD WITH A YELLOW PLASTIC CAP STAMPED"'JACOBS" SET 14OR
CORNER,
NORTH 62 DEGREES 20 MINUTES 54 SECONDS EAST,A DISTANCE OF 200.00 FEET TO
A 5/8" IRON'RO,D WITH A YELLOW PLASTIC CAP STAMPED "JACOBS" SETFOR
CORNER,
NORTH 17 DEGREES 20 MINUTES 54 SECONDS EAST,A DISTANCE OF 7.07 FEET TO A
5/8" IRON ROD,WITH A YEL LOW PLASTIC CAP STAMPED "JACOBS"' SET FOR
CORNER;
NORTH 62 DEGREES 20 MINU'I"'ES 54 SECONDS EAST, A DISTANCE OF 55.00,FEET TO
A 5/8" IRON ROD WITH A YELLOW PLASTIC CAP STAMPED "JACOBS" SET FOR
CORNER-,
SOUTH 27 DEGREES 39 MINUTES 05 SECONDS EASTI A DISTANCE 01F 16-88 FEET TO
A 5/8" IRON ROD WITH A YELLOW PLASTIC CAP STAMPED "JACOBS" SET FOR
CO'RNER;
NORTH 62 DEGREES 20 MINUTES 54 SECONDS EAST,A DISTANCE OF 110. FEET TO
A 5/8" IRON ROD WITH A YELLOW PLASTIC CAP STAMPED "JACOBS" SET FOR
CORNER;
SOUTH 27 DEGREES 39 MIN_UTES 06 SECONDS EAST,A DISTANCE OF 180.00 FEET TO
A 5/8"' IRON ROD WITH A YELLOW PLASTIC CAP STAMPED "JACOBS" SET"FO
CORNER;
SOUTH 62 DEGREES 20 MINUTES 54 SECONDS WEST,A DISTANCE OF 110.00 FEET TO
A 5/8" IRON ROD WITH A YELLOW PLASTIC CAP STAMPED "'JACOBS" SET FOR
CORNER;
Page 3 of 4
SOUTH 27 DEGREES 39,MINUTES 061 SECONDS EAST,A DISTANCE OF 65.95 FEET TO
A 5/8"' IRON ROD WITH A EL LOW PLASTIC CAP STAMPED "JACOB S" SET FOR
CORNER;
SOUTH 74 DEGREES 43 MINUTES Oil SECONDS EAST,A DISTANCE CE OF 6.81 FEET TO A
5/8" IRON ROD,WITH A YELLOW PLASTIC CAP STAMPED, "JACOBS" SET FOR
CORNER;
SOUTH 27 DEGREES 39 MINUTES 06 SECONDS FAST,A DISTANCE OF 70.15 FEET TO
A 5l8" IRON ROD WITH A YELLOW PLASTIC CAP STAMPED "JACOBS" SET FOR
CORNED.;
SOUTH 15 DEGREES 24 MINUTES 12 SECONDS WEST, A DISTANCE TAI CE F 7.30 FEET TO A
5/81"IRON ROD WITH A YELLOW PLASTIC CAP STAMPED PED"JAC BS"' SET FOR
CORNER.-
SOUTH 27 DEGREES 39 MINUTES 06 SECONDS EAST,A DISTANCE OF 102.05 FEET TO
A 5/8"' IRON ROD WITH A YELLOW PLASTIC CAP STAMPED "'JACOBS" SET FOR
CORNER ON THE SOUTHEAST DINE OF SAID FIRST TEXAS HOMES, INC. T"'RACT,AND
THE COMMON NORTHWEST LINE OF'A 3 . 46 ACRE TRACT OF LAND CONVEYED TO
CHARY C. MORCH WER.,MD,. PROFIT SHARING PLAN,BY DEED RECORDED IN
C L T , CLERK'S:BILE NCB. D207051253,OFFI+CIAL,PUBLIC RECORDS,T"ARRA T
COUNTY,,TEXAS,FROM WHICH A 5/8"IRON ROD WITH A YELLOW PLASTIC CAP,
STAMPED"CARTER BURGESS"'FOUND BEARS NORTH 62 DEGREES 20 MINUTES 54
SECONDS FAST,A DISTANCE OF 120.55 FEET;
THENCE, SOUTH 62 DEGREES 20 MINUTES 54 SECONDS NEST,ALONG SAID COMMON LINE,
A DISTANCE OF 99.04 FEET TO A 5/ " IRON ROD WITH A YELLOW PLASTIC CAIN STAMPED
"CARTER BURGESS" FOUND FOR AN INTERIOR ELL CORNER OF SAID FIRST TEXAS HOMES,
INC.TRACT,AND THE,COMMON NORTHWEST CORNER OF SAID MORCHOWE .TRACT;
THENCE,SOUTH 00 DECREES 43 1 MT'ES 38, SECONDS WEST,ALONG THE LAST"LINE OF
SAID FIRST TEXAS HOMES,INC. TRACT,AND THE COMMON WEST LINE CAF SAID
MO CHOWER.TRACT,A DISTANCE OF 46 .56 FEET"TO A 5/8" IRON ROD WITH A YELLOW
PLASTIC CAP STAMPED "JACOBS" SET FOR THE SOUTHEAST CORNER OF SAID FIRST
TEXAS HOMES,INC.. TRACT,AND THE COMMON OUTHWEST CORNER OF SAID
MORCH01W ER TRACT, SAID POINT BEING ON THE NORTHWEST RIGHT-OF-WAY LINE OF
AFORESAID HERITAGE TRACE PARKWAY, SAID P01I 1T ALSO BEING THE BEGINNING OF A
NON-TANGENT COVE TO THE LEFT HAVING A CENTRAL ANGLE OF 14 DEGREE 5
MINUTES 47 SECONDS, A RADIUS OF 1265.00,FEET,AND A LONG CHORD THAT BEARS
SOUTH H 612 DEGREES 41 MINUTES 46 SECONDS WEST A DISTANCE OF'3 17.75 FEE T�
THENCE,ALONG THE SOUTHEAST LINE OF SAID FIRST TEXAS HOMES, INC. TRACT,,
THE COMMON ON NORTHWEST"RIGHT-OF-WAY LINE OF SAID HERITAGE TRACE PARKWAY,
AND ALONG SAID NON-TANGENT CURVE TO THE LEFT,AN ARC DISTANCE OF 3181.591 FEET
TO THE POINT'OF BEGI NNING AND CONTAINING 13.443 ACRES OF LAND,MORE OR LESS.
Page 4 of 4
EXHIBIT B
COST LIST
Sectio,n I
Water $ 1401204.20
1
Sewer $12915' 101.40
Sub-total $2691 714.60
.Section 11
Interior St,reets, $328 00.9 5
Stornri Drains S_3010280.60
Sub-toltal $62911181.55
Section III
Street Lights S 19.40
Sub-total $34,119.40
TOTAL $193310 15,55
COMPLETION ACiREEMEN'T
SELFFUNDED
R iced January 2012
P.1 g e 9 0 f 91
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