HomeMy WebLinkAboutContract 29525 COMMUNITY FACILITIES AGREEMENT
THE STATE OF TEXAS § City Secretary
COUNTY OF TARRANT § � Contract No.
WHEREAS, The Ranches North. Ltd., hereinafter called "Developer", desires
to make certain improvements to Lost Creek Ranch North, Phase 3, an addition to the
City of Fort Worth, Texas; and
WHEREAS, the said Developer has requested the City of Fort Worth, a municipal
corporation of Tarrant and Denton Counties, Texas, hereinafter called "City", to do
certain work in connection with said improvements.
NOW, THEREFORE, KNOW ALL BY THESE PRESENTS:
That said Developer, acting herein by and through The Ranches North, Ltd., a
Texas limited partnership, by D.L.H. Jr., Land Company, a Texas corporation, its general
partner, by and through D.L. Hudgins, Jr., its duly authorized President, and the City,
acting herein by and through Marc Ott, its duly authorized Assistant City Manager, for
and in consideration of the covenants and conditions contained herein, do hereby agree as
follows:
I. General Requirements
A. The Policy for the Installation of Community Facilities ("Policy") dated
March 2001, approved by the City Council of the City of Fort Worth, is
hereby incorporated into this Community Facilities Contract as if copy
herein verbatim. Developer agrees to comply with all provisions of said
Policy in the performance of its duties and obligations hereunder.
B. The requirements of the Policy shall govern this Community Facilities
Agreement, provided, however, that any conflict between the terms of this
Community Facilities Agreement and the Policy shall be resolved in favor
of this Agreement.
C. Developer shall provide financial security in conformance with paragraph
6, Section II, of the Policy.
D. The Developer shall award all contracts for the construction of community
facilities in accordance with Section II,paragraph 7 of the kc }
CFA REVISED FORMAT LOST CREEK RANCH NORTH 3
E. The contracts for the construction of the public infrastructure shall be
administered in conformance with paragraph 8, Section II, of the Policy.
F. The Developer further 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 on account of any injuries or
damages sustained by any persons (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, his
contractors, subcontractors, officers, agents or employees, or in
consequence of any failure to properly safeguard the work, or on account
of any act, intentional or otherwise, neglect or misconduct of said
DEVELOPER, his contractors, sub-contractors, officers, agents or
employees, 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.
G. Developer shall install or adjust all of the required utilities to serve the
development or to construct the improvements required herein.
H. In the event that City participation exceeds $25,000, Developer agrees that
no street construction or storm drainage will begin prior to City Council
approval of this Community Facilities Agreement. (Article 104.100,
Ordinance 7234).
I. Developer agrees that no lot shall be occupied under a certificate of
occupancy until the improvements required herein have been constructed
(Article 104.100, Ordinance 7234).
J. Developer hereby releases and agrees to indemnify and hold the City
harmless for any inadequacies in the preliminary plans, specifications and
cost estimates supplied by the Developer for this contract.
K. Developer agrees to provide, at its expense, all necessary rights of way
and easements across property owned by Developer required to construct
current and future improvements provided for in this a eement.
CFA REVISED FORMAT LOST CREEK RANCH NORTH 3
AW
H. Street and Storm Drain Facilities
A. The Developer(s) agree to install or to cause to have installed, the street,
storm drainage, street lighting, street name sign and other community
facilities improvements shown as "current improvements" on the attached
Exhibits B, B1, and C.
B. As shown below in the "Summary of Cost for Street and Storm Drain
Facilities", the Developer shall fund its share of "current improvements"
and shall pay to the City for its share of the cost of street, storm drainage,
street lighting, street name signs as shown on the attached Exhibits B, B1,
and C. The estimated total cost of current improvements and related
support services specified in this agreement, including design,
construction and inspection is estimated to $763,830.00.
Item Developer City Cost Total Cost
A. Construction
1. Streets $ 562,596.00 $ 39,537.00 $ 602,133.00
2. Storm Drainage $ 98,700.00 $ - $ 98,700.00
3. Street Lights $ 11,000.00 $ 33,000.00 $ 44,000.00
4. Street Name Signs $ - $ 1,100.00 $ 1,100.00
B. Engineering Design $ - $ 2,516.00 $ 2,516.00
C. Construction Engineering
and Management by DOE 4% $ 13,226.00 $ 2,155.00 $ 15,381.00
TOTALS $ 685,522.00 $ 78,308.00 $ 763,830.00
Notes:
1. All Preliminary Plats filed after July 2000, will require sidewalks on all streets.
Sidewalk cost is included under street cost. The developer is responsible for
installation of sidewalk.
2. Developer's column for Item C represents two percent (2%) cost for construction
inspection, and materials testing. (*) Represents City participation for construction
fees based on actual cost.
3. City not preparing plans and specifications.
IN TESTIMONY WHEREOF, the City of Fort Worth has caused this instrument to be
executed in quadruplicate in its name and on its behalf by its Assistant City Manager,
attested by its City Secretary, with the corporate seal of the City affixed, and sa,�iyd,,�Developer
has executed this instrument in quadruplicate, at Fort Worth, Texas this the and
of
200 !-+'
Approval Recommended:
Water Department Transportation and Public Works
, Q
Department
Dale Fissele P. V "Robode, P. E.
Director Director
AT EST: Ci f Fo Worth
B�:
lona Pear n Marc Ott
City Secretary Assistant City Manager
Approved as to Form:
Assistant City Attorney
ATTEST: DEVELOPER:
The Ranches North, Ltd.
A Texas limited partnership
Corporate Secretary By: D.L.H., Jr. Land Company
a Tek--ins,
tion
Its g er
By:
�=
Contract Aur_n:. `_. zation D. Jr. President�
,long
CFA REVISED FORMAT LOST CREEK RANCH NORTH 3
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E. STREET LIGHTS :
1. STREET LIGHT COST ESTIMATE
QUANTITY UNIT COST TOTAL COST
INTERSECTIONS 8 EA $ 2, 000 $16 . 000 . 00
MID-BLOCK RESIDENTIAL 11 EA $ 2, 000 $22 , 000 . 00
CHANGE OF DIRECTION RESIDENTIAL 3 EA $ 2 , 000 $6, 000 . 00
MID-BLOCK COLLECTOR 0 EA $ 2 , 000 $--0--
MID-BLOCK ARTERIAL PARngAY 0 EA $ 2 , 800 $--0--
MID-BLOCK ARTERIAL MEDIAN 0 EA $ 2 , 800 $--0--
RELOCATE EXISTING LIGHT 0 EA $ 1, 500 $__0__
Subtotal $44, 000 .00
City' s Cost $33 , 000 . 00
Developer' s Subtotal $0, 000 . 00
10% Contingencies $0, 000 . 00
Project Total $44 . 000 . 00
Adjacent Developer' s Cost $0 . 000 . 00
Developer's Cost $0, 000 . 00
2% Inspection Fee $0, 00 . 00
Developer's Responsibility See PG
III-1, "Line 7"
LOST CREEK RANCH NORTH ADDIION,
PHASE III
November 15, 2002
Fort Worth, Texas November 25,2002 _ ....
III- 1
2 . STREET LIGHTS WORK DESCRIPTION:
1 . The Developer shall provide for the installation of streetlights at
the approximate locations shown in Exhibit "C" , immediately after
final acceptance of the street construction, in accordance with
engineering plans and specifications approved by the Transportation
and Public Works Department .
2 . Streetlights on residential and /or collector streets can be
installed using overhead or underground conductors with the approval
of the Director of Transportation and Public Works .
3 . Streetlights on arterial streets shall be installed with underground
conduit and conductors .
4 . The Developer shall provide for the installation of a 2-inch
schedule 40 PVC conduit at a depth not less than 30 inches and at
least 18-inch behind the curb, "clear from all other utilities" .
S . The Developer shall provide for the installation of a 2-inch
schedule 40 PVC conduit between streetlights proposed for
installation and the power source to become operational .
6 . A 3-inch schedule 80 PVC conduit is required when crossing streets
at a depth not less than 30 inches, unless indicated otherwise on
the plans concrete pull boxes shall be provided at the crossing
points .
7 . Street light conduit and footings shall be installed by the
developer' s contractor as part of and at the time of street
construction. The city will obtain electric service and complete the
street light construction in accordance with approved plans .
8 . The developer or their contractor shall contact City' s street light
division 48 hours prior to starting any installation of conduit
and/or streetlights at (817) 871-8100 to insure proper inspection of
work.
9 .The procedure for installing conduit and footings will be with the
inspector on the job site or you can request a copy by calling 817-
871-6596.
LOST CREEK RANCH NOTH ADDITION, PHASE III
November 15, 2002
MEW
III- 2
"STREETLIGHTS"
INTERSECTIONS
LAKE RIVER RANCH RD & SONTERRA RANCH RD 1
LAKE RIVER RANCH RD & BANDERA RANCH RD 1
LAKE RIVER RANCH RD & CANYON RANCH RD 1
SONTERRA RANCH RD & BANDERA RANCH RD 1
MOUNTAIN RANCH RD & DIAMIND RANCH RD 1
MOUNTAIN RANCH RD & LOST SPURS RD 1
DIAMOND RANCH RD & MONTANNA RD 1
CANYON RANCH RD & HIGH MESA RD 1
MID - BLOCK
CANYON RANCH RD 3
SONTERRA RANCH RD 1
BANDERRA RANCH RD 1
HIGH NESA RD 3
MOUNTAIN RANCH RD 2
DIAMOND RANCH RD 1
CHANGE OF DIRECTIONS
SONTERRA RANCH RD 1
CANYON RANCH CT 1
DIAMOND RANCH RD 1
LOST CREEK RANCH NORTH ADDITION, PHASE III
rr`
IV
STREET NAME SIGNS
1 . The City will install the street name signs upon final approval
of the street construction. The street name signs will remain
the property of, and will be maintained by, the City.
2 . The City will pay for the street name sign installations required
for this development to the extent of $100 . 00 per intersection.
This unit cost will be revised annually by the Department of
Transportation and Public Works to reflect prevailing costs of
materials and labor.
3 . This development creates the following eleven (11) intersections
at a cost to the City of $1, 100 .00 :
Street "A" and Lost Spurs Road
Street "A" and Street "A"
Street "A" and Street "B"
Street "A" and Lazy River Ranch Road
Street "B" and Lost Spurs Road
Street "C" and Lazy River Ranch Road
Street "C" and Bandera Ranch Road
Street "D" and Lazy River Ranch Road
Street "D" and High Mesa Road
Bandera Ranch Road and Lazy River Ranch Road
Court "E" and High Mesa Road
LOST CREEK RANCH NORTH ADDITION �" _�
PHASE 3 :u '..:
f.�, .. _ .:Uli �,,
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Fort Worth, Texas August 26,
IV-1
Estimated Road Frontage (PACSD participation)
Linear Feet of Road Frontage along Park Property 301.53
6" Concrete Pavement [2,858 SY X 1/2] =1,429 SY @$2.25/SY
[1,429 SY X$2.251 =$3,212.25 $3,212.25
(LIME [(1,429 SY) x[(30LBS/ SY)/2000]=21.5 TONS Lime$105.00 PER TON
[21.5 TOM'S X$105.001 =$2,257.50 $2,257.50
6" CONCRETE PAVEMENT W 7"CURBBS (Lazy River Ranch Road and Street A ROAD)
[2,770 SY X 1/21 =1,385 SY @$22.00/SY=$30,470.00 $30,470.00
Subtotal Road Frontage $35,942.75
Construction Engineering 6% $2,156.67
Design Engineering 7% $2,515.99
Contingency 10% $3,594.26
Estimated PACSD Cost for the proposed Road adjacent to Neighborhood Park $44,209.58
Estimated Storm Drainage Costs (PACSD participation)
Storm Drainage Extension
$0.00
Subtotal Storm Drainage Extension $0.00
Construction Engineering 6% $0.00
Design Engineering 7% $0.00
Contingency 10% $0.00
Estimated Storm Drainage extension costs(PACSD participation) $0.00
Estimated Water and Sewer Costs (PACSD participation)
Water (301.53 X$8.75)X (1/4) $659.60
Subtotal Water (PACSD participation) $659.60
Construction Engineering 6% $39.58
Design Engineering 7% $46.17
Contingency 10% $65.96
TOTAL Water (PACSD participation) $811.30
Sewer(301.53 X 12.25)X(1/4) $923.44
Subtotal Sewer (PACSD participation) $923.44
Construction Engineering 6% $55.41
Design Engineering 7% $64.64
Contingency 10% $92_34
TOTAL Sewer (PACSD participation) $1,135.83
PARKS AND COMMUNITY SERVICES DEPARTMENT
Planning and Resource Management Division
The City of Fort Worth,4200 South Freeway, Suite 2200,Fort Worth Tex as,76115-1499
(817)-871-PARK Fax(817)-871-5724
low
Estimated TOTAL Water/Sewer (PACSD participation) $1,947.13
Total Estimated Cost for Park participation $46,156.71
Please note "**City's participation due to facilities constructed adjacent to City Parks." Should read:
The estimated costs for PACSD participation in this CFA are$46,156.71.
A Bond Fund Transfer will be submitted for this CFA revision in the amount of$46,156.71
Funds will be available for the Lost Creek Ranch North participation in:
GC05 541200 080050500810 Lost Creek Ranch North Phase III $46,156.71
Attached for your use and information are the bond fund transfer copies, the addendum for paving facilities
attributable to park development and the addendum for Water/Sewer for inclusion in the Community
Facilities Agreement(CFA).
Should you have any questions or require additional information regarding the PACSD portion of the CFA,
please call me at extension 5744.
Sincerely,
Susan Erlinje ite,Senior Planner
Parks and Community Services Department
I:\PARK PARTICIPATION CFAS\CFA PACSD PARTICIAPTION\LOST CREEK RANCH NORTH\PHASE ULOST CREEK
RANCH NORTH CFA LE"ITER PHIII 10-25-02.doc
C: Randle Harwood,Assistant Director,Planning and Resource Management
Debra Rose, Sr.Administrative Assistant
Project File
Attachments
1) CFA Cost Estimate Excel Worksheet
2) Addendum
3) Paving Facilities Attributable to Park Development
4) Water and Sanitary Sewer Attributable to Park development
5) Bond Fund Transfer
6) CFA Request From T/PW
PARKS AND COMMUNITY SERVICES DEPARTMENT
Planning and Resource Management Division
The City of Fort Worth,4200 South Freeway, Suite 2200,Fort Worth Texas, 76115-1499
(817)-871-PARK Fax(817)-871-5724
ADDENDUM
The following constitutes an Addendum to be read and construed with and as a part of that certain
Community Facilities Agreement, heretofore entered into by and between the developer
D.L. Hudgins, Jr. of The Ranches North Limited and the City of Fort Worth, a municipal
corporation in Tarrant County, Texas dated , and designated as Contract
No. ,in the office of the City Secretary of the City of Fort Worth, Texas.
(1)
The developers and the City hereby agree as follows:
A. The developer is deeding public parkland to the City. The developer
has agreed to construct street frontage along Lazy River Ranch Road
Rd and "Street A" [to be named ], that will be adjacent to the Lost
Creek Ranch North,Phase III park site.
B. The developer agreed to accept City pricing as dictated by the CFA
Policy. The developer also acknowledges that they will abide by all
of the applicable regulations contained in the City's Policy for the
Installation of Community Facilities.
C. Developer agrees to have or to cause to have the said above described
area, which is so with plans and specifications as approved by the
City Parks and Community Services Department.
D. Developer agrees to provide a minimum of six (6")inches of topsoil
over areas of cut or fill within the designated park areas. The topsoil
shall be relatively free of rock and other debris.
E. Developer agrees to seed areas of cut or fill with suitable grass as
determined by the City Parks and Community Services Department.
F. Developer agrees to have or to cause to have suitable clean-up of the
park areas as determined by the City Parks and Community Services
Department prior to deeding of said areas to the City. This would
include, but not be limited to, removal of trash and construction
debris deposited on the said park areas.
G. Developer agrees that there shall be no transfer of interest in said park
area, either express or implied,prior to deeding, of said areas to the
City without the consent of the City Manager, City of Fort Worth.
H. The Developer will,at the time of dedication of the park,provide the
Parks and Community Services Department with final plat drawings
77.
I:IPARK PARTICIPATION CFASVCFA PACSD PARTICIAPTIONU)ST CREEK RANCH NORTH\PHASE BPIAST CREEK W CHNOATHADr)BN9UNtPN fH_10=2S=0SAoc
__I
Ifto
of the park that will be submitted and filed by the Parks and
Community Services Department. The drawings will be provided at
the expense of the Developer.
I. The City Parks and Community Services Department's participation
in this contract as to land acquisition, development and maintenance
is subject to City Council approval and adequate funding of the
project.
Recommended;
chard Zavala,Director
arks and Community Services Department
LTARK PARTICIPATION CPAS\CPA PACSD PARTICIAP77ON\IAST CREEK RANCH NORTH\PHASE IINI�ST CREEK RANCH NOR ADD1-R4jUid_.P M1P-15-M.d- 1
PAVING FACILITIES ATTRIBUTABLE
TO PARK DEVELOPMENT
A. One half of linear foot charges of park paving, including design,
engineering, administration and inspection contingencies attributable to
the Parks and Community Services Department at an estimated cost of
$44,209.58
B. Payment of Park participation shall become due and payable when all work
associated with the construction of the park shall have been accepted by the
City's Parks and Community Services Department and delivery of the park
construction documents.
Whichever event occurs last.
Recommended,
Richard Zavala, Director
Parks and Community Services Department
LTARK PARTICIPATION CFASNCFA PACSD PARTICIAPTIOM.LOST CREEK RANCH NORTH+PHASE ULOST CRIER RANCH NORTH.AI)DENDUM PH M 10-25 tR.Aa
WATER AND/OR SANITARY SEWER FACILITIES
ATTRIBUTABLE TO PARK DEPARTMENT
A. One half of the front foot charges of the water
facilities herein concerned exclusive of service line
and. engineering attributable to the Parks .and
Community Services Department is estimated to be
$811.30.
B. One half of the front foot charges of the sanitary
sewer facilities herein concerned exclusive of service
line and engineering attributable to the Parks and
Community Services Department is estimated to be
$1,135.83.
C. The City's shares of water and sanitary sewer costs for
services to the proposed park will be due and payable
to the developer upon;
1. Completion of the related water and sanitary sewer
facilities.
2. Delivery of required park construction documents related
to the park property to the Parks and Community
Services Department.
Whichever event occurs last.
Recommended
Richard Zavala,Director
Parks and Community Services Department
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City of Fort Worth, Texas
4Vrollor and Council Communication
DATE REFERENCE NUMBER LOG NAME TAGE
4/29/03 C-19565 20R A N C HES 1 of 3
SUBJECT COM M U N I T Y FACI L IT IES AGREEMENT WITH THE
RANCHES NORTH 11 , LTD . FOR THE INSTALLATION
OF COMMUNITY FACILITIES FOR LOST CREEK
RA NCH NORTH, PHASE3
REC O M MEN DATIO N :
It is recommended that the City Council authorize the City Manager to execute a Community
Facilities Agreement (C F A ) with The Ranches North 1 1 , Ltd. for the installation of community
facilities for Lost Creek Ranch North, Phase3.
DISCUSSION :
On December 19, 2000, the City Council adopted a resolution authorizing the issuance of $45 million in
Certificates of Obligation to address critical projects, which included $4 milllion in development funds
($2.5 million for C F A new development funds and $1.5 million for development funds related to new
school sites) to supplement the 1998 Capital Improvement Program new development funds.
The Ranches North I I , Ltd., the developer of Lost Creek Ranch North, Phase 3, has executed a
proposed contract for community facilities to serve a 518 lot single-family development located in northeast
F ort Worth, east of 1 -35 W and north of A I I ianoe Gateway, formerly part of Tarrant County, and
now part of Fort Worth ( M apsco No. 8 K, see attached vicinity map).
This development has nine (9) interior streets for which the developer is responsible for the cost of the
installation along with the associated storm drains. Since 301.53 linear feet of one of the streets fronts a
City park, the City will participate in that portion of street improvements, including a water line adjacent
to the park where the cost for sewer is for an upgrade of the sewer line.
There will be twenty-eight (28) street lights installed. The developer is responsible for the installation of
underground conduits and pole bases. City participation includes the installation of all wiring and street
light fixtures.
There are eleven (11) intersections where street signs will be installed at the City's cost. The preliminary plat
for this phase was approved prior to the change in the Sidewalk Policy; therefore sidewalks are not
required within this development.
This C F A is in compliance with standard City policy.
The estimated cost of the community facilities is as follows, subject to the actual bid price:
, r
1
City of Fort Worth, Texas
Imayor And Council Communication
DATE REFERENCE NUMBER LOG NAME PAGE
4/29/03 C-19565 20R A N C H E S 2 of 3
SUBJECT CO M M U N ITY FAC I LIT IES AGREEMENT WITH THE
RANCHES NORTH 11 , LTD . FOR THE INSTAL L AT I O N
OF COMMUNITY F AC I L I T IES FOR LOST CREEK
RANCH NORTH, PHASE 3
DEVELOPER TPW* PACS** a � PL.
TOTA L
W ater $ 323,789 -0- $ 726 $ 324,515
Sewer $ 325,519 -0- $ 1,016 $ 326,535
D esign Engineering N / A -0- $ 111 $ 111
Construction Inspection Fee $ 12,986 *** $ 95 $ 13,081
Street Improvements $ 562,596 -0- $39,537 $ 602,133
Design Engineering N / A -0- $ 2,516 $ 2,516
Construction Inspection Fee $ 11,252 -0- $ 2,155 $ 13,407
Storm Drain Improvements $ 98,700 -0- -0- $ 98,700
Design Engineering N / A -0- -0- -0-
Construction Inspection Fee $ 1,974 -0- -0- $ 1,974
Street Lights $ 11,000 $33,000 -0- $
- --- ,�
S treet N ame S igns -0- 1,100 -0- $ 1,100
T O T A L E S T I MATED COSTS. $1,347,816 $34,100 $46,156
$1,428,072
* Transportation and Public Works Department
** Parks and Community Services Department
*** The City's portion of construction inspection fees are calculated based on actual street and storm
drain construction costs over the 2% paid by developer, as per the C F A policy, and are not included
in this Mayor and Council Communication.
P L A N C O M M I S S I O N A P P R V A L - On May 24, 2000, the Plan Commission
approved preliminary plat (P P 00019). The final plat has been submitted to City staff for review.
T h i s development is located in C O U N C I L D I S T R I C T 2.
City of Fort Worth, Texas
"alJor And Council communication
DATE REFERENCE NUMBER LOG NAME PAGE
4/29/03 C-19565 20R A N C H E S 3 of 3
SUBJECT C O M M U N I T Y FACILITIES AGREEMENT WITH T H E
R A N CHES N O RTH 1 I , LT D . FOR THE I N STA L L A T 1 O N
OF COMMUN I T Y FACILITIES FOR LOST CREEK
RA NCH NORTH, PHASE3
FISCAL INFORMATION /CERTIFICATION :
The F inanoe Director certifies that funds are available in the current capital budgets as appropriated, of
the Critical Capital Projects Fund and the Park and Recreation Improvements Fund.
M O :k
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Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
Marc Ott 8476
Originating Department Head:
City of Fort Worth, Texas
"aljor And Coun"'I Communieniflon
DATE REFERENCE NUMBER LOG NAME PAGE
4/29/03 C-19565 20R A N C H E S 4 of 3
SUBJECT CO M M U N I TY FACILITIES AGREEMENT WITH T H E
RANCHES NORTH 11 , LTD . FOR THE INSTALLATION
OF COM M U N I T Y FACIL ITIES FOR LOST CREEK
RANCH NORTH, PHASE3
Robert Goode 7804 (from) APPROVED 04/29/03
C116 541200 020116136801 $33,000.00
Additional Information Contact: C116 541200 020116136802 $ 1,100.00
GC05 541200 080050500810 $46,156.00
Robert Goode 7804
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COMMUNITY FACILITIES AGREEMENT
THE STATE OF TEXAS § City Secretary
COUNTY OF TARRANT § Contract No.
WHEREAS, Mercantile. Partners, L.P., called "Developer", desires to make
certain improvements to serve Stream Relocation of a Portion of Little Fossil Creek
(LFC-2), an addition to the City of Fort Worth, Texas; and
WHEREAS, the said Developer has requested the City of Fort Worth, a municipal
corporation of Tarrant and Denton Counties, Texas, hereinafter called "City", to do
certain work in connection with said improvements;
NOW, THEREFORE, KNOW ALL BY THESE PRESENTS:
That said Developer, acting herein by and through, Richard A. Griffin, its duly
authorized General Partner, and the City, acting herein by and through Marc Ott, its
duly authorized Assistant City Manager, for and in consideration of the covenants and
conditions contained herein, do hereby agree as follows:
COMMUNITY FACILITIES AGREEMENT
to install
STREET, STORM DRAIN, STREET LIGHT AND STREET NAME SIGN
IMPROVEMENTS FOR LITTLE FOSSIL CREEK (LFC-2)
A. The Developer (owner), Mercantile Partners, L.P., agrees to install or to cause to
have installed, the street, storm drainage, street lighting, street name sign and other
community facilities improvements shown as "current improvements" on the
attached Exhibits B, and B1.
B. The Developer agrees to comply with all city accepted practices, ordinances,
regulations, as well as provisions of the City Charter, the City Subdivision
Ordinance, City Design Standards and the current Policy for Installation of
Community Facilities in the design, contracting and installation of required "current
improvements".
C. The Developer agrees to comply with the General Requirements contained herein
(Attachment A).
D. As shown on the attached "Summary of Cost", the Developer agrees to fund his
share of "current improvements" and to pay the City for his share of the cost of
street, storm drainage, street lighting, street name signs as shown on the attached
Exhibits B, and 131.
E. Payment is due at the time this agreement is executed by the City and the
Developer.
F. The estimated total cost of current improvements and related support services
specified in this agreement, including design, construction and inspection is
estimated to $463,180.00.
In accordance with the City's current Policy for Installation of Community Facilities
as shown in the Cost Summary on page 3.
The Developer shall contribute Dollars $425,561.00 of the total amount.
The City shall contribute Dollars $37,619.00
G. Developer agrees to provide, at his expense, all necessary rights of way and
easements required to construct current and future improvements provided for in this
agreement.
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