HomeMy WebLinkAboutContract 46319 CITY SECRETAW
CONTRACT NO. WV�
TRANSPORTATION IMPACT FEE CREDIT AGREEMENT
THIS TRANSPORTATION IMPACT FEE CREDIT AGREEMENT(the"Agreement")
is made and entered into effective as of the Effective Date (as defined below), by and among THE
CITY OF FORT WORTH, TEXAS (the "City"), a Texas home rule municipal corporation, and
SLF IV—CHISHOLM TRAIL,L.P., a Texas limited partnership (f/k/a SLF IV/Legacy Capital,
L.P.) authorized to do business in Texas (the "Owner") (the City and the Owner a "Parry," and
collectively, the "Parties").
RECITALS
WHEREAS, the Owner is the owner of approximately 329.963 acres located in Tarrant
County,Texas,as described by metes and bounds on Exhibit"A"and depicted on Exhibit"B" (the
"Property"), all located within the corporate boundaries of the City; and
WHEREAS, the Owner desires that the Property be developed generally as described or
illustrated on the "Concept Plan" attached hereto as Exhibit "C," which Concept Plan generally
identifies the intended land uses and layout of on-site and off-site major transportation facilities
necessary for serving full development of the Property; and
WHEREAS,the Owner may revise the Concept Plan from time to time; and
WHEREAS,the Owner has earned Impact Fee Credits as a result of work performed relating
to the Property, which credits may be applied anywhere within the Property; and
WHEREAS,the City has adopted Transportation Impact Fee Regulations pursuant to Texas
Local Government Code Chapter 395, codified in City Code, Chapter 30,Article VIII, Section 30-
151 et seq. ("Impact Fee Regulations"), under which charges ("Transportation Impact Fees") are
imposed on new development for transportation facilities serving the development and which are
identified within the City's adopted Transportation Improvements Plan (defined therein); and
WHEREAS,the transportation facilities shown on the Concept Plan are identified within the
City's adopted Transportation Improvements Plan; and
WHEREAS,the Property, is located within service area Y; and
WHEREAS,the City,pursuant to the Impact Fee Regulations,has determined the maximum
transportation impact fees to be charged against new development within service area Y to be$2,370
per service unit(vehicle-mile of demand); and
WHEREAS, transportation impact fees must be collected and spent within the service
area(s) in which the new development is located; and - -- —
OFFICIAL RECORD
CITY SECRETARY
CREDIT AGREEMENT Page 1 FT.WORTH,YX
Chisholm Trail Ranch - -- --
RECEI VEp 2006.001\42054.3
JAN O7
WHEREAS,the Impact Fee Program provides for credits against Transportation Impact Fees
for dedication or construction of eligible transportation improvements; and
WHEREAS, the Owner has dedicated 934,360 square feet of right-of-way for the eligible
arterials related to the Properly, Summer Creek Drive and McPherson Boulevard:
Special Warranty Deed D212119137,recorded January 24, 2012,
Special Warranty Deed D212119139,recorded January 24, 2012,
Special Warranty Deed D212119143, recorded January 24, 2012; and
Special Warranty Deed D213139190 DRTCT, recorded June 3, 2013
WHEREAS,the Owner has constructed Summer Creek Drive and McPherson Boulevard,
related to the Property,pursuant to Community Facilities Agreements,City Secretary Contract Nos.
43230 and 43477, which improvements the City has accepted; and
WHEREAS, Owner or successor owners will dedicate right-of-way and construct the
transportation improvements deemed necessary as a condition of development for the future phases
of the Property, as will be shown on final plat(s), which dedication and construction of future
transportation improvements related thereto may qualify for additional credits against future
transportation impact fees,and which shall be memorialized through administrative amendment(s)to
this Agreement.
NOW THEREFORE, for and in consideration of the mutual agreements, covenants, and
conditions contained herein, and other good and valuable consideration, the City and the Owner
hereby covenant and agree as follows:
1. Recitals. The recitals contained in this Agreement are true and correct as of the
Effective Date and form the basis upon which the Parties negotiated and entered into this Agreement.
2. Transportation Improvements. Owner has dedicated the rights-of-way for and
constructed the system facilities identified in Exhibit "D" Summer Creek Drive and McPherson
Blvd.,related to the Property("Property Transportation Improvements"). As the Property develops,
additional transportation improvements may be required, which shall be memorialized by
administratively approved supplemental Exhibit(s)D(e.g.,Exhibit D-1,D-2,etc.)to this Agreement.
3. Credits. The Parties agree that the total value of the credits for the transportation
improvements, expressed in current dollars, is $2,642,135.91, and that the value of the credits for
each transportation improvement,expressed in current dollars,shall be as set forth in Exhibit"E".
4. Phasing of the Property. The Parties acknowledge that the Property is anticipated to
be developed in phases. Additional roadway improvements and right-of-way dedication may be
required, as a condition of development, based on final platting of additional phases within the
CREDIT AGREEMENT Page 2
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2006.001\42054.3
Property. Eligible arterial improvements shall receive credits to be used as described through
administrative amendment(s)to this Agreement.
5. Allocation of Credits. The credits (as referenced in paragraph 3 above) may be
allocated by the Owner to any lot or development within the Property as shown on Exhibit "F",
which exhibit may be administratively amended from time to time by the Parties.The Parties agree
that future credits shall be memorialized through an administrative amendment to this Agreement
and shall not be deemed to have been created until the system facility for which credits are given is
either guaranteed through an executed Community Facilities Agreement("CFA")or,in the case of
right-of-way dedication,accepted via written instrument,and,in the case of construction pursuant to
a CFA,finally approved and accepted by the City. In no event, shall the credits created pursuant to
this Agreement or any amendment be allocated outside the Property.
The Parties further agree that,prior to the application of future credits against transportation impact
fees otherwise due for any unit of development; the following events shall take place:
(a) The Parties have entered into a Community Facilities Agreement for the
dedication or construction of the system facility;
(b) The number of credits resulting from such improvement has been valued;
(c) Concurrent with final plat approval,an amended Exhibit"F"detailing credit
allocation may be provided by the Owner.
6. Proportionality. Proportionality, as defined in the Impact Fee Regulations, is the
maximum impact fee per service unit for transportation facilities (Schedule 1), which is an
approximate and appropriate measure of the impacts generated by a new unit of development on the
City's transportation system. Further,by virtue of the"Border Streets"policy noted in V-3 Section
2B of the City of Fort Worth's Policy for the Installation of Public Facilities, system facility
improvements required as a condition of development are limited to the frontage shown along final
plat(s) for the property.
7. Term and Effective Date. The initial term of this Agreement shall be ten(10)years
from its Effective Date, which shall be the date on which the last party executes the Agreement.
8. Assignment. Owner shall have the right to assign this Agreement and any
amendments to any subsequent purchaser of the Property ("Owner's Assignee") with the written
consent of the City,which consent shall be granted if: (a)the assignment is in writing executed by
the Owner and its assignee; and (b) the assignment incorporates this Agreement by reference and
binds the Owner's Assignee to perform(to the extent of the obligations assigned)in accordance with
this Agreement. Each Owner's Assignee shall become a Party to this Agreement upon the execution
of such assignment. In no event may this Agreement be construed to authorize assignment of any
credits attributable to a system facility to be dedicated or constructed hereunder for use outside the
boundaries of the Property.
CREDIT AGREEMENT Page 3
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2006.001\42054.3
9. Amendment. This Agreement, or any of its exhibits, shall not be modified or
amended unless agreed to in writing by both parties.
10. Exhibits. The exhibits attached to this Agreement are incorporated as part of this
Agreement for all purposes as if set forth in full in the body of this Agreement.
(Remainder of Page Intentionally Left Blank)
CREDIT AGREEMENT Page 4
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2006.001\42054.3
IN WITNESS WHEREOF,the undersigned parties have executed this Agreement to be effective as
of the Effective Date.
CITY OF FORT WORTH,TEXAS OWNER
SLF IV—CHISHOLM TRAIL,L.P.,
a Texas limited partnership
Fernando Costa By: SLF IV Property GP, LLC,
Assistant City Manager a Texas limited liability company,
its General Partner
Date: /�S�/S By: Stratford Land Fund IV, L.P.
a Delaware limited partnership,
its Co-Managing Member
Recommended By:
By:Stratford Fund IV GP, LLC,
a Texas limited liability company,
its General Partner
Aandle Harwoo# W
Director,Planning and Development By:
Name: Wi tN
Title: Press 8Qvj
Approved as to Form and Legality: Date l 0-0
QRQ)G,>
Douglas Black
Assistant City Attorney
M&C: None required
ATTEST:
� 0o00a0000
f
ary J. K tr
City Secretary
CREDIT AGREEMENT C U A L L \t, Page 5
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tow '�',
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EXHIBIT LIST
"A" Legal Description of the Property
"B" Depiction of the Property
"C" Concept Plan
"D" Property Transportation Improvements
"E" Credits Earned for Property Transportation Improvements
"F" Allocation of Credits
CREDIT AGREEMENT Page 6
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2006.001\42054.3
EXHIBIT A
Legal Description of the Property
LEGAL DESCRIPTION OF
329.963 ACRES OF LAND
BEING a 624.747 acre tract of land situated in the Juan Jose Albirado Survey, Abstract Number
4 and the R.J Ware Survey, Abstract Number 2008, Tarrant County, Texas, being all of those
certain tracts of land described as Tract 1, Tract 2,Tract 3 and Tract 4, by deed to SLF IV
Legacy Capital, L.P., recorded in County Clerk's Document No. D210314509, Deed Records of
Tarrant County, Texas,
Save and Except the following tracts of land described as follows:
a. All that certain tract of land described in Exhibit `B' (10.868 acres) in the document to
the City of Fort Worth, recorded in County Clerk's Document No. D213139190,Deed
Records of Tarrant County, Texas.
b. All that certain tract of land described as Parcel 6-1 (6.404 acres) to the City of Fort
Worth, according to the plat of Sunnner Creek Drive and McPherson Boulevard recorded
in County Clerk's Document No. D213105897, Plat Records of Tarrant County, Texas.
c. All that certain tract of land described as Parcel 6-2 (0.129 acres) to the City of Fort
Worth, according to the plat of Sunnner Creek Drive and McPherson Boulevard recorded
in County Clerk's Document No. D213105897,Plat Records of Tarrant County, Texas.
d. All that certain tract of land described as Parcel 6-3 (0.213 acres) to the City of Fort
Worth, according to the plat of Surnmer Creek Drive and McPherson Boulevard recorded
in County Clerk's Document No. D213105897, Plat Records of Tarrant County,Texas.
e. All that certain tract of land described as Parcel 6-4 (3.835 acres)to the City of Fort
Worth, according to the plat of Sununer Creek Drive and McPherson Boulevard recorded
in County Clerk's Document No. D213105897,Plat Records of Tarrant County,Texas.
f All that certain tract of land described as Tract A(50.000 acres)to CTR Develolnnent,
LP, a Texas limited partnership, recorded in County Clerk's Document No. D214152777,
Deed Records of Tarrant County, Texas.
C. All that certain tract of land described as Tract B (118.716 acres)to CTR Development,
LP, a Texas limited partnership, recorded in County Clerk's Document No. D214152777,
Deed Records of Tarrant County, Texas.
h. All that certain tract of land described as Tract C (104.619 acres)to CTR Development,
LP, a Texas limited partnership, recorded in County Clerk's Document No. D214152777,
Deed Records of Tarrant County, Texas.
For a net area of 329.963 acres of land.
CREDIT AGREEMENT Page 7
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2006.001\42054.3
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EXHIBIT E
Credits Earned for Property Transportation Improvements
EXHIBIT E
Credits Against Transportation Impact Fees
Net Credit
Value of Capacity Provided
Construction of McPherson Blvd(east of CTP) $ 819,515.97
Right-of-Way for McPherson Blvd(east of CTP) $ 172,071.80
Right-of-Way for Summer Creek Dr $ 302,663.44
Construction of McPherson Blvd(west of CTP) $ 912,399.94
Right-of-Way for McPherson Blvd(west of CTP) $ 435,484.76
Value of Existing Demand $ -
Net Credit Available 2,642,135.91
Prepared: December 11,2014 Chisholm Trail Ranch
CRE
Chisholm Trail Ranch
2006.001\42054.3
EXHIBIT E
Credits Earned for Property Transportation Improvements
EXHIBIT E
Credits Against Transportation Impact Fees
Right-of-Way Valuation for Summer Creek Dr and McPherson Blvd
Construction Cost
Summer Creek Dr-Unit 2A $ 2,330,530.28
McPherson Blvd-Unit 4 $ 689,434.07
TOTAL $ 3,019,964.35
Value of Total Project Right-of-Way(20%of Construction Cost) $ 603,992.87
Total Project Right-of-Way 589,755 sq ft
Right-of-Way Value Per Square Foot $ 1.03
Legacy Capital Right-of-Way Dedication
Summer Creek Dr
Parcel 6ROW-1 278,969 sq ft
Parcel 6ROW-2 5,612
Parcel 6ROW-3 9,267
TOTAL 293,848 sq ft
Credit Available $ 302,663.44
McPherson Blvd
Parcel 7ROW 167,060
TOTAL 167,060 sq ft
Credit Available $ 172,071.80
Total Credit Available 474,735.24
Prepared: December 11,2014 Chisholm Trail Ranch
CRE
Chisholm Trail Ranch
2006.001\42054.3
EXHIBIT E
Credits Earned for Property Transportation Improvements
EXHIBIT E
Credits Against Transportation Impact Fees
Capacity Provided by Summer Creek Dr from Risinger Rd to McPherson Blvd-Unit 2A
Paving
Item Deseriptioa Unit Unit Price, Elig)bis Eligible
Flo., �QUanti, �Quanta Amount, .
2010 10"Conc Pvmt(3,600 psi) SY $ 38.75 0 30,824 $ 1,194,430.00
2020 8"Deco Color Pav(w/stamped pattern) SY $ 80.00 470 0 $ -
2030 Block Sod Placement SY $ 2.00 0 25,179 $ 50,358.00
2040 Topsoil CY $ 6.00 0 4,180 $ 25,080.00
2050 7"Conc Curb and Gutter LF $ 22.00 0 288 $ 6,336.00
2060 6"Conc Curb and Gutter LF $ 20.00 0 150 $ 3,000.00
2070 6"Asphalt Pvmt Type D SY $ 30.00 435 0 $ -
2080 Unclassified Excavation CY $ 4.00 0 36,000 $ 144,000.00
2090 8"Lime Treatment(481bs/sy) SY $ 2.85 0 33,225 $ 94,691.25
2100 Lime TN $ 155.00 0.0 797.4 $ 123,597.00
2110 Traf Ctrl(Intl Temp HMAC&Flex Base) MO $ 500.00 0 6 $ 3,000.00
2120 4"Conc Sidewalk SF $ 2.85 0 45,347 $ 129,238.95
2130 5'Barrier Free Ramp,Type H EA $ 900.00 0 16 $ 14,400.00
2140 S'Barrier Free Ramp,Type C EA $ 950.00 0 1 $ 950.00
2150 Valve Box Adjustment EA $ 50.00 0 8 $ 400.00
2160 Retaining Wall CY $ 275.00 0 30 $ 8,250.00
2170 Misc Force Account;$123,750. FA $ 1.00 123,750 0 $ -
2180 Misc Utilities Force Account;$41,250. FA $ 1.00 41,250 0 $ -
2490 Pav Mrk(W)4"(DOT)(2'Stripe,4'Gap) LF $ 3.00 0 134 $ 402.00
2500 Pav Mrk(W)4"(SKI P)(6'Stripe,3'Gap) LF $ 3.50 0 266 $ 931.00
2510 4"BRK Pvmt Marking Paint(W) LF $ 1.10 0 1,510 $ 1,661.00
2520 4"SLD Pvmt Marking Paint(W) LF $ 1.10 0 7,160 $ 7,876.00
2530 8"SLD Pvmt Marking Paint(W) LF $ 2.00 0 950 $ 1,900.00
2540 12"SLD Pvmt Marking Paint(W) LF $ 3.25 0 300 $ 975.00
2550 Pav Mrk(W)18"(SKI P)(6'Stripe,3'Gap) LF $ 10.00 0 114 $ 1,140.00
2560 Pav Mrk(W)18"(Yield Triangle) EA $ 35.00 0 30 $ 1,050.00
2570 Pav Mrk(W)Arrow EA $ 225.00 0 24 $ 5,400.00
2580 Pav Mrk(W)Word EA $ 250.00 0 13 $ 3,250.00
2590 Pav Mrk(W)Bike Symbol EA $ 350.00 0 12 $ 4,200.00
2600 Raised marker Tyl-C EA $ 5.00 0 45 $ 225.00
2610 Raised marker Ty II-C-R EA $ 5.00 0 143 $ 715.00
2620 Furnish/Install Alum Sign Ground Mount City Std EA $ 425.00 0 22 $ 9,350.00
2630 Overhead Signs EA $ 15,000.00 0 3 $ 45,000.00
2670 Remove Conc Pvmt SY $ 6.00 0 3,312 $ 19,872.00
2680 Remove Con Curb&Gutter LF $ 8.00 0 1,130 $ 9,040.00
2690 Remove Barricades LF $ 5.00 0 253 $ 1,265.00
2700 Remove Fence LF $ 1.00 0 1,723 $ 1,723.00
2710 6"-12"Tree Removal EA $ 200.00 0 18 $ 3,600.00
2720 12"-18"Tree Removal EA $ 400.00 0 8 $ 3,200.00
2730 18"-24"Tree Removal EA $ 600.00 0 3 $ 1,800.00
2740 24"and Larger Tree Removal EA $ 900.00 0 2 $ 1,800.00
2750 Remove Misc Conc Structure LS $ 2,000.00 0 1 $ 2,000.00
2760 Remove ADA Ramp SF $ 10.00 0 87 $ 870.00
2770 Remove Sidewalk SF $ 3.00 0 231 $ 693.00
2780 Remove 10'Curb Inlet EA $ 500.00 0 2 $ 1,000.00
2790 SWPPP>1 acre LS $ 1,000.00 0 100.0% $ 1,000.00
2800 Plant 3"Tree EA $ 300.00 76 0 $ -
Prepared: December 11,2014 Chisholm Trail Ranch
CRS
Chisholm Trail Ranch
2006.001\42054.3
EXHIBIT E
Credits Earned for Property Transportation Improvements
EXHIBIT E
Credits Against Transportation Impact Fees
Capacity Provided by Summer Creek Dr from Risinger Rd to McPherson Blvd-Unit 2A
Paving(continued)
Item Ineligible Eligible
No Description Unit Unit Price Quantity Quantity Amount
2810 Plant 2"Tree EA $ 250.00 62 0 $ -
2820 3 Gal Ornamental Grass EA $ 21.00 0 27,762 $ 27,762.00
2830 1 Gal Shrubs EA $ 9.00 0 1,656 $ 1,656.00
2840 4"P.P.Ornamental Grass EA $ 6.25 0 56,925 $ 56,925.00
2850 Irrigation System LS $ 40,000.00 1 0 $ -
2860 Benches;$2000/EA EA $ 2,000.00 12 0 $ -
2870 Concrete Header(12"Mow Strip) SF $ 8.00 600 0 $ -
2880 Intergal Colored Concrete Sidewalk(w/stamped SF $ 9.00 7,874 0 $ -
attern
Paving Subtotal $ 2,016,012.20
Storm Drain
Item Ineligible Eligible
No. Description Unit Unit Price Quantity Quantity Amount
2190 10'Recessed Inlet EA $ 2,200.00 0 15 $ 33,000.00
2200 15'Recessed Inlet EA $ 3,200.00 0 3 $ 9,600.00
2210 20'Recessed Inlet EA $ 4,200.00 0 3 $ 12,600.00
2220 15"Slotted Drain LF $ 100.00 0 10 $ 1,000.00
2230 21"RCP,Class III LF $ 40.00 0 551 $ 22,040.00
2240 24"RCP,Class Ili LF $ 44.00 0 686 $ 30,184.00
2250 30"RCP,Class III LF $ 52.00 0 795 $ 41,340.00
2260 36"RCP,Class III LF $ 65.00 0 471 $ 30,615.00
2270 48"RCP,Class III LF $ 95.00 0 129 $ 12,255.00
2280 4x3 Box Culvert(130 LF) LF $ 120.00 0 130.0 $ 15,600.00
2290 5x5 Box Culvert(366 LF) LF $ 170.00 0 366.0 $ 62,220.00
2300 6x5 Box Culvert(190 LF) LF $ 210.00 0 190.00 $ 39,900.00
2310 100 Box Culvert(405 LF) LF $ 410.00 0 405.00 $ 166,050.00
2320 Headwall 30-Inch Pipe-Install EA $ 2,000.00 0 1.00 $ 2,000.00
2330 4'Storm MH EA $ 3,000.00 0 2.00 $ 6,000.00
2340 5'Storm MH EA $ 4,000.00 0 2.00 $ 8,000.00
2350 6'Storm MH EA $ 6,000.00 0 2.00 $ 12,000.00
2360 4'Manhole Access Riser EA $ 500.00 0 5.00 $ 2,500.00
2370 Unclassified Excavation CY $ 4.00 0 1,100.00 $ 4,400.00
2380 Trench Safety LF $ 2.00 0 3,421.00 $ 6,842.00
2390 Pedestrian Rail(Type PRI) LF $ 75.00 0 487.00 $ 36,525.00
2400 Wingwall(PW)(HW=11 Ft) EA $ 4,000.00 0 1.00 $ 4,000.00
2410 Wingwall(PW)(HW=13 Ft) EA $ 6,000.00 0 1.00 $ 6,000.00
2420 Wingwall(PW)(HW=6 Ft) EA $ 2,800.00 0 1.00 $ 2,800.00
2430 Wingwall(PW)(HW=10 Ft) EA $ 3,500.00 0 1.00 $ 3,500.00
2440 Wingwall(PW)(HW=9 Ft) EA $ 3,000.00 0 1.00 $ 3,000.00
2450 Wingwall(SW-0)(HW=5 Ft) EA $ 2,600.00 0 1.00 $ 2,600.00
2460 Wingwall(PW)(HW=8 Ft) EA $ 2,800.00 0 1.00 $ 2,800.00
2470 Baffle Chamber(ReinfConcStruc) CY $ 450.00 0 40.00 $ 18,000.00
2480 Large Stone Ri ra ,dry SY $ 90.00 0 877.00 $ 78,930.00
Subtotal $ 676 301.00
Pro rata share from arterial 27%
Storm Drain Subtotal $ 182,601.27
Prepared: December 11,2014 Chisholm Trail Ranch
CRE
Chisholm Trail Ranch
2006.001\12054.3
EXHIBIT E
Credits Earned for Property Transportation Improvements
EXHIBIT E
Credits Against Transportation Impact Fees
Capacity Provided by Summer Creek Dr from Risinger Rd to McPherson Blvd-Unit 2A
Paving Subtotal $ 2,016,012.20
Storm Drain Subtotal $ 182,601.27
Street Lights Subtotal(6%of Paving and Storm Drain) $ 131,916.81
$ 2,330,530.28
Other Eligible Items
Description Amount
jEnglneering,Surveying and Material TestingS
Total Value of Capacity Provided $ 2,330,530.28
Prepared: December 11,2014 Chisholm Trail Ranch
CRE
Chisholm Trail Ranch
2006.001\42054.3
EXHIBIT E
Credits Earned for Property Transportation Improvements
EXHIBIT E
Credits Against Transportation Impact Fees
Capacity Provided by McPherson Blvd from Summer Creek Dr to Willow Branch Way-Unit 2B
Paving
Item Description Unit Unit Price Ineligible Eligible Eligible
No. Quantity Quantity Amount
3010 10"Conc Pvmt(3,600 psi) SY $ 38.75 0 5,750 $ 222,812.50
3020 Block Sod Placement SY $ 2.00 0 5,248 $ 10,496.00
3030 Topsoil SY $ 6.00 0 875 $ 5,250.00
3040 Unclassified Excavation CY $ 4.00 0 6,700 $ 26,800.00
3050 8"Lime Treatment(48lbs/sy) LF $ 2.85 0 6,114 $ 17,424.90
3060 Lime LF $ 155.00 0 147 $ 22,738.50
3070 Traf Ctrl(Ind Temp HMAC&Flex Base) SY $ 600.00 6 0 $ -
3080 4"Conc Sidewalk CY $ 2.85 0 7,277 $ 20,739.45
3090 Misc Force Account,$21,750. SY $ 1.00 21,750 0 $ -
3100 Misc Utilities Force Account;$7,250. TN $ 1.00 7,250 0.0 $ -
3180 4"BRK Pvmt Marking Paint(W) FA $ 1.10 0 840 $ 924.00
3190 4"SLD Pvmt Marking Paint(W) LF $ 1.10 0 1,690 $ 1,859.00
3200 8"SLD Pvmt Marking Paint(W) LF $ 2.00 0 580 $ 1,160.00
3210 12"SLD Pvmt Marking Paint(W) LF $ 3.00 0 120 $ 360.00
3220 Pav Mrk(W)Arrow LF $ 225.00 0 4 $ 900.00
3230 Pav Mrk(W)Word LF $ 250.00 0 4 $ 1,000.00
3240 Pav Mrk(W)Bike Symbol LF $ 350.00 0 3 $ 1,050.00
3250 Raised marker Ty I-C LF $ 5.00 0 29 $ 145.00
3260 Raised marker Ty II-C-R EA $ 5.00 0 84 $ 420.00
3270 Furnish/install Alum Sign Ground Mount City Std EA $ 500.00 0 6 $ 3,000.00
3280 Rdwy Ilium Assmbly(comp w/foundation) EA $ 4,500.00 0 1 $ 4,500.00
3290 2"SCH 40(T)(Incl conductor 2-2-24 Alum Quad) LF $ 9.00 0 262 $ 2,358.00
3300 200 W HPS Cobra Hd Fixtr;Photo-Cell&Lamp EA $ 500.00 0 8 $ 4,000.00
3310 Ground Box,Small,w/Lid Apron EA $ 600.00 0 1 $ 600.00
3320 Street Light Pole Removal and Salvage EA $ 500.00 0 2 $ 1,000.00
3330 Remove Conc Pvmt EA $ 10.00 0 377 $ 3,770.00
3340 Remove Con Curb&Gutter SY $ 9.00 0 510 $ 4,590.00
3350 SWPPP=1 acre LF $ 10,000.00 0 1 $ 10,000.00
3360 Plant 3"Tree LF $ 300.00 43 0 $ -
3370 Plant 2"Tree LF $ 250.00 36 0 $
3380 Irrigation System EA $ 12,000.00 1 0 $
3390 Benches;$2000/EA EA $ 2,000.00 6 0 $
3400 Concrete Header(12"Mow Strip) EA $ 8.00 5 0 $
3410 Intergal Colored Concrete Sidewalk(w/stamped EA $ 9.00 1,200 0 $ -
attern
Paving Subtotal S 367,897.35
Prepared: December 11,2014 Chisholm Trail Ranch
CRE
Chisholm Trail Ranch
2006.001\42054.3
EXHIBIT E
Credits Earned for Property Transportation Improvements
EXHIBIT E
Credits Against Transportation Impact Fees
Capacity Provided by McPherson Blvd from Summer Creek Dr to Willow Branch Way-Unit 2B
Storm Drain
Item Description Unit Unit Price Ineligible Eligible Amount
No. Quantity Quantlty
3110 10'Recessed Inlet Mo $ 2,200.00 0 3 $ 6,600.00
3120 15'Recessed Inlet SF $ 3,200.00 0 1 $ 3,200.00
3130 20'Recessed Inlet EA $ 4,200.00 0 1 $ 4,200.00
3140 21"RCP,Class III EA $ 40.00 0 122 $ 4,880.00
3150 24"RCP,Class III EA $ 44.00 0 1,037 $ 45,628.00
3160 4'Storm MH CY $ 4,000.00 0 3 $ 12,000.00
3170 Trench Safe FA $ 2.00 0 1,159 $ 2,318.00
Subtotal $ 78 826.00
Pro rata share from arterial 68.0%
Storm Drain Subtotal $ 53,601.68
Paving Subtotal $ 367,897.35
Storm Drain Subtotal $ 53,601.68
$ 421,499.03
Other Eligible Items
Description Amount
lEngineering,Surveying and Material Testing $ -
Total Value of Capacity Provided $ 421,499.03
Prepared: December 11,2014 Chisholm Trail Ranch
CRE
Chisholm Trail Ranch
2006.001\42054.3
EXHIBIT E
Credits Earned for Property Transportation Improvements
EXHIBIT E
Credits Against Transportation Impact Fees
Capacity Provided by McPherson Blvd from SH-121 to Summer Creek Dr-Unit 4
Paving
Item Ineligible Eligible
No. Description Unit Unit Price Quantity Quantity Amount
6010 10"Conc Pavement SY $ 38.75 0 10,175 $ 394,281.25
6020 Block Sod Placement SY $ 2.00 0 6,925 $ 13,850.00
6030 Topsoil CY $ 6.00 0 1,160 $ 6,960.00
6040 Unclassified Excavation CY $ 4.00 0 7,270 $ 29,080.00
6050 8"Lime Treatment(48lbs/sy) SY $ 2.85 0 11,050 $ 31,492.50
6060 Lime TN $ 155.00 0 265 $ 41,075.00
6070 Traffic Control(Including Temporary HMAC&Flex MO $ 500.00 3 0 $ -
Base pavement)
6080 4"Conc Sidewalk SF $ 2.85 0 22,875 $ 65,193.75
6090 Walk-ADA Wheelchair Ramp-Install EA $ 900.00 0 2 $ 1,800.00
6160 4"BRK Pvmt Marking Paint(W) LF $ 1.10 0 2,530 $ 2,783.00
6170 4"SLD Pvmt Marking Paint(W) LF $ 1.10 0 2,240 $ 2,464.00
6180 8"SLD Pvmt Marking Paint(W) LF $ 2.00 0 375 $ 750.00
6190 12"SLD Pvmt Marking Paint(W) LF $ 3.00 0 100 $ 300.00
6200 Lane Legend Arrow EA $ 225.00 0 8 $ 1,800.00
6210 Lane Legend Only EA $ 250.00 0 4 $ 1,000.00
6220 Lane Legend Bike EA $ 350.00 0 8 $ 2,800.00
6230 Refl Raised Marker Ty II-C-R EA $ 5.00 0 40 $ 200.00
6250 Overhead Signs EA $ 12,000.00 0 1 $ 12,000.00
6290 Remove Fence LF $ 2.00 0 1,350 $ 2,700.00
6300 SWPPP =1 acre LS $ 5,000.00 0 1 $ 5,000.00
6310 Plant 3"Tree EA $ 300.00 32 0 $ -
6320 Plant 2"Tree EA $ 250.00 26 0 $
6330 Irrigation System LS $ 8,000.00 1 0 $ -
6340 Benches;$2000/EA EA $ 2,000.00 6 0 $ -
6350 Concrete Header(12"Mow Strip) LF $ 8.00 5 0 $
6360 Inter al Color Conc Walk(w/stamped pattern) SF $ 9.00 1,200 0 $
Paving Subtotal $ 615,529.50
Storm Drain
Item Description Unit Unit Price Ineligible Eligible Amount
No. Quantity Quantity
6100 15'Recessed Inlet EA $ 3,200.00 0 4 $ 12,800.00
6110 21"RCP,Class III LF $ 40.00 0 80 $ 3,200.00
6120 24"RCP,Class III LF $ 44.00 0 120 $ 5,280.00
6130 4'Manhole EA $ 3,000.00 0 2 $ 6,000.00
6140 Unclassified Excavation CY $ 4.00 0 1,800 $ 7,200.00
6150 Trench Safe LF $ 2.00 0 200 $ 400.00
Subtotal $ 34 880.00
Pro rata share from arterial 100%
Storm Drain Subtotal $ 34,880.00
Prepared: December 11,2014 Chisholm Trail Ranch
CRE
Chisholm Trail Ranch
2006.001\42054.3
EXHIBIT E
Credits Earned for Property Transportation Improvements
EXHIBIT E
Credits Against Transportation Impact Fees
Capacity Provided by McPherson Blvd from SH-121 to Summer Creek Dr-Unit 4
Paving Subtotal $ 615,529.50
Storm Drain Subtotal $ 34,880.00
Street Lights Subtotal(6%of Paving and Storm Drain) $ 39,024.57
$ 689,434.07
Other Eligible Items
Description Amount
jEngineering,Surveying and Material Testing 20% of Paving&Storm Drain $ 130 081.90
Total Value of Capacity Provided $ 819,515.97
Prepared: December 11,2014 Chisholm Trail Ranch
CRE
Chisholm Trail Ranch
2006.001\42054.3
EXHIBIT E
Credits Earned for Property Transportation Improvements
EXHIBIT E
Credits Against Transportation Impact Fees
Arterial Contribution to Total Storm Water Flow
Summer Creek Dr-Unit 2A
Drainage QIoo Drainage Q100
Area Area
C-5 27.75 SC-A1 27.96
SC-A1 27.96 Arterial SC-A2 9.77
SC-A2 9.77 Arterial SC-A3 6.93
SC-A3 6.93 Arterial SC-B1 6.24
SC-B1 6.24 Arterial SC-C1 4.85
SC-C 142.74 SC-C2 0.35
SC-C1 4.85 Arterial SC-Ma 8.26
SC-C2 0.35 Arterial SC-Mb 3.81
SC-C3a 8.26 Arterial SC-C4b 4.85
SC-Mb 3.81 Arterial SC-05a 8.59
SC-C4a 56.54 SC-05b 1.39
SC-C4b 4.85 Arterial SC-D1 9.99
SC-05a 8.59 Arterial SC-D2 6.31
SC-05b 1.39 Arterial SC-E3a 3.53
SC-D1 9.99 Arterial SC-E3b 0.55
SC-D2 6.31 Arterial SC-E3c 2.49
SC-E1 5.75 SC-F1 15.83
SC-E2 1.48 SC-F2 13.72
SC-E3a 3.53 Arterial SC-F5 5.69
SC-E3b 0.55 Arterial SC-F6 12.81
SC-E3c 2.49 Arterial SC-F9 3.60
SC-F1 15.83 Arterial SC-F10a 0.55
SC-F2 13.72 Arterial SC-F10b 2.15
SC-F3 11.64 TOTAL 160.22 = 26.88% of total storm water runoff
SC-F4 10.31
SC-F5 5.69 Arterial
SC-F6 12.81 Arterial
SC-F7 24.12
SC-F8 155.61
SC-F9 3.60 Arterial
SC-F10a 0.55 Arterial
SC-F10b 2.15 Arterial
TOTAL 596.16
Prepared: December 11,2014 Chisholm Trail Ranch
CRE
Chisholm Trail Ranch
2006.001\42054.3
EXHIBIT E
Credits Earned for Property Transportation Improvements
EXHIBIT E
Credits Against Transportation Impact Fees
Arterial Contribution to Total Storm Water Flow
McPherson Blvd-Unit 2B
Drainage Q1oo Drainage QIoo
Area Area
Mc-Ala 4.99 Arterial Mc-Ala 4.99
Mc-Alb 6.38 Arterial Mc-Alb 6.38
Mc-A3a 4.85 Arterial Mc-A3a 4.85
Mc-A3b 6.24 Arterial Mc-A3b 6.24
Mc-A3c 2.63 Arterial Mc-A3c 2.63
Mc-A4 2.01 Arterial Mc-A4 2.01
Mc-A5a 1.66 Arterial Mc-A5a 1.66
Mc-A5b 1.66 Arterial Mc-A5b 1.66
Mc-A5c 0.21 Arterial Mc-A5c 0.21
Mc-A6 5.75 Arterial Mc-A6 5.75
Mc-B1a 10.12 Arterial Mc-131a 10.12
Mc-131 b 11.71 Arterial Mc-B1 b 11.71
Mc-B3 34.10 Mc-C1 3.81
Mc-Cl 3.81 Arterial Mc-C2 5.54
Mc-C2 5.54 Arterial Mc-C3a 1.04
Mc-C3a 1.04 Arterial Mc-C3b 2.91
Mc-C3b 2.91 Arterial TOTAL 71.51 1 = 67.71% of total storm water runoff
TOTAL 105.61
McPherson Blvd-Unit 4
Drainage Q1oo Drainage QIoo
Area Area
Mc-B1a 10.12 Arterial Mc-131a 10.12
Mc-131 b 11.71 Arterial Mc-B1 b 11.71
Mc-E1 5.89 Arterial Mc-E1 5.89
Mc-E2 14.14 Arterial Mc-E2 14.14
TOTAL 41.86 1 TOTAL 41.86 1 = 100.00% of total storm water runoff
Prepared: December 11,2014 Chisholm Trail Ranch
CRE
Chisholm Trail Ranch
2006.001\42054.3
EXHIBIT E
Credits Earned for Property Transportation Improvements
EXHIBIT E
Credits Against Transportation Impact Fees
Right-of-Way Valuation for McPherson Blvd West
Total Eligible Hard Construction Cost
McPherson Blvd West $ 1,347,593.66
Value of Total Project Right-of-Way(20%of Construction Cost) $ 269,518.73
Total Project Right-of-Way(Northern Lanes Only) 295,184 sq ft
Right-of-Way Value Per Square Foot $ 0.92
Legacy Capital Right-of-Way Dedication
McPherson Blvd
D21219932 DUCT 473,353
TOTAL 473,353 sq ft
Total Credit Available $ 435,484.76
Prepared: December 11,2014 Chisholm Trail Ranch
CRE
Chisholm Trail Ranch
2006.001\42054.3
EXHIBIT E
Credits Earned for Property Transportation Improvements
EXHIBIT E
Credits Against Transportation Impact Fees
Capacity Provided by McPherson Blvd from Old Granbury Rd to Chisholm Trail Pkwy
Paving
Item Description Unit Unit Price Ineligible Eligible Eligible
No. Quantity QuantitV Amount
1 Remove Fence LF $ 1.00 0 2,200 $ 2,200.00
2 Remove Asphalt Pvmt SY $ 5.00 0 611 $ 3,055.00
3 2"Condt Pvc Sch 40 LF $ 4.73 5,342 5,342 $ 25,267.66
4 4"Condt Pvc Sch 40 LF $ 10.00 60 60 $ 600.00
5 6"-12"Tree Removal EA $ 175.00 0 10 $ 1,750.00
6 12"-18"Tree Removal EA $ 425.00 0 12 $ 5,100.00
7 18"-24"Tree Removal EA $ 650.00 0 1 $ 650.00
8 Unclassified Excavation CY $ 4.00 0 23,355 $ 93,420.00
9 Embankment CY $ 1.00 0 20,072 $ 20,072.00
10 Swppp>1 Acre LS $ 21,000.00 0 1.0 $ 21,000.00
11 Slab Riprap SY $ 60.00 0 142 $ 8,520.00
12 Lime TN $ 140.00 0 374 $ 52,360.00
13 8"Lime Treatment SY $ 2.75 0 20,768 $ 57,112.00
14 3"Asphalt Pvmt Type D Co#3 SY $ 15.75 2,488 0 $ -
15 6"Asphalt Base Type B Co#3 SY $ 27.25 2,488 0 $ -
16 10"Conc Pvmt SY $ 40.00 0 16,840 $ 673,600.00
17 4"Conc Sidewalk SF $ 3.45 0 26,656 $ 91,963.20
18 4"Sid Pvmt Marking Paint LF $ 0.50 0 732 $ 366.00
19 4"Sid Pvmt Marking Paint LF $ 0.50 0 8,508 $ 4,254.00
20 4"Brk Pavement Marking Paint LF $ 0.50 0 1,706 $ 853.00
21 12"Sid Pvmt Marking Paint Deleted Co#3 LF $ - 0 0 $ -
22 18"Sid Pvmt Marking Paint LF $ 4.75 0 20 $ 95.00
23 Refl Raised Marker Ty II-A-A EA $ 4.20 0 230 $ 966.00
24 Topsoil CY $ 7.00 0 2,129 $ 14,903.00
25 Seeding Hydromulch SY $ 0.50 0 34,584 $ 17,292.00
49 Furnish/Install Alum Sign Ground Mount City Std EA $900.00 0 4 $ 3,600.00
50 Traffic Control MO $500.00 0 6 $ 3,000.00
51 Pedestrian Rail LF $158.00 0 26 $ 4,108.00
53 End Road Barricade EA $630.00 0 2 $ 1,260.00
55 Mbgf-11 Co#2 LF $33.00 0 140 $ 4,620.00
56 Single Guardrail Terminal Co#2 EA $3,400.00 0 1 $ 3,400.00
57 Terminal Anchor Co#2 EA $900.00 0 1 $ 900.00
60 24"Sid Pavement Marking Paint Co#3 LF $5.30 0 311 $ 1,648.30
61 Curlex Matting Material Co#3 SY $1.60 0 2,200 $ 3,520.00
Paving Subtotal $ 1,121,455.16
Storm Drain
Item Ineligible Eligible
No. Description Unit Unit Price Amount
Quantity QuantitV
26 21"Rcp Class III LF $ 69.00 74 $ 5,106.00
27 24"Rcp Class III LF $ 71.00 1,202 $ 85,342.00
28 30"Rcp Class III LF $ 87.00 431 $ 37,497.00
29 36"Rcp Class III LF $ 95.00 459 $ 43,605.00
30 42"Rcp Class III LF $ 155.00 55 $ 8,525.00
31 5X4 Box Culvert LF $ 264.00 85 $ 22,440.00
32 5X5 Box Culvert LF $ 275.00 87 $ 23,925.00
Prepared: December 11,2014 Chisholm Trail Ranch
CRE
Chishotm't'rail Ranch
2006.001\42054.3
EXHIBIT E
Credits Earned for Property Transportation Improvements
EXHIBIT E
Credits Against Transportation Impact Fees
Capacity Provided by McPherson Blvd from Old Granbury Rd to Chisholm Trail Pkwy
Storm Drain(continued)
Item Ineligible Eligible
No. Description Unit Unit Price Quantity Quanta Amount
33 4'Storm Junction Box EA $ 4,300.00 4 $ 17,200.00
34 5'Storm Junction Box EA $ 5,000.00 1 $ 5,000.00
35 Headwall Box Culvert Co#3 CY $ 578.00 38 $ 22,096.94
36 30"Flared Headwall,1 Pipe EA $ 3,000.00 2 $ 6,000.00
37 42"Flared Headwall,1 Pipe EA $ 4,000.00 1 $ 4,000.00
38 36"Set,1 Pipe EA $ 4,750.00 1 $ 4,750.00
39 24"Set,2 Pipes EA $ 4,250.00 1 $ 4,250.00
40 10'RecessedInlet EA $ 2,600.00 7 $ 18,200.00
41 15'Recessed Inlet EA $ 3,400.00 1 $ 3,400.00
42 4'Drop Inlet EA $ 2,400.00 4 $ 9,600.00
Subtotal $ 320,936.94
Pro rata share from arterial 13%
Storm Drain Subtotal $ 41,721.80
Street Lighting
Item Ineligible Eligible
Description Unit Unit Price Amount
No, Quantity Quantity
43 Ground Box,Small W/Lid Apron EA $ 651.00 0 27 $ 17,577.00
44 Rdwy Illum Assmbly Ty 18,18A,19 And D-40 EA $ 1,820.00 0 0 $ -
45 Rdwy Illum Foundation Ty 3,5,6,And 8 EA $ 900.00 0 27 $ 24,300.00
46 Contact Enclosure Pole Mount EA $ 1,680.00 0 1 $ 1,680.00
47 Contact Enclosure Pad Mount EA $ - 0 0 $ -
48 2-2-2-4 Quadplex Alum Elec Conductor LF $1.85 0 5,342 $ 9,882.70
54 Rdwy I Ilum Assmbly Ty 18,18A,19,And D-40 EA $4,851.00 27 27 $ 130,977.00
W Dark Bronze Powder Co#1
Street Lighting Subtotal $ 184,416.70
Paving Subtotal $ 1,121,455.16
Storm Drain Subtotal $ 41,721.80
Street Lights Subtotal(6%of Paving and Storm Drain) $ 184,416.70
Total Construction Hard Costs $ 1,347,593.66
Total Eligible Items
Description Amount
Engineering,Surveying and Material Testing 14% of Paving and Storm Drain $ 188,663.11
Pro Rata Share of Construction Hard Costs 50% per M&C C-25658 $ 673,796.83
Pro Rata Share of Overhead Electric Line Relocation 45.4%of $220,000(50/50 split Cit Develo er $ 49,940.00
Total Value of Capacity Provided by Developer $ 912,399.94
Prepared: December 11,2014 Chisholm Trail Ranch
CRE
Chisholm Trail Ranch
2006.001\42054.3
EXHIBIT E
Credits Earned for Property Transportation Improvements
EXHIBIT E
Credits Against Transportation Impact Fees
Arterial Contribution to Total Storm Water Flow
McPherson Blvd West
Drainage Q100 Drainage Q100
Area Area
Al-1 48.56 A1-2 8.96 Arterial
A1-2 8.96 Arterial A1-3 5.26 Arterial
A1-3 5.26 Arterial A1-4 10.77 Arterial
A1-4 10.77 Arterial 131-2 12.58 Arterial
A1-5 49.82 82-3 12.25 Arterial
B1-1 22.92 132-4 5.35 Arterial
131-2 12.58 Arterial B3-1 14.31 Arterial
B2-1 20.32 1 133-2 8.63 Arterial
132-2 45.77 TOTAL 78.11 = 12.70% of total storm water runoff
82-3 12.25 Arterial
132-4 5.35 Arterial
B3-1 14.31 Arterial
83-2 8.63 Arterial
83-3 349.35
TOTAL 614.85
Prepared: December 11,2014 Chisholm Trail Ranch
CRE
Chisholm Trail Ranch
2006.001\42054.3
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