Loading...
HomeMy WebLinkAboutContract 31762 CITY SECRET,�RY'� COMPLETION AGREEMENT CONTRACT NO. This Completion Agreement (hereinafter called the "Agreement") is made and entered into by and among the City of Fort Worth (hereinafter called the "City"), Vista Trail, Ltd. a Texas limited partnership (hereinafter called the "Developer"), and Nexit Bank (hereinafter called the "Lender"), effective as of it D�[ I 20ff-). The City, the Developer and the Lender are hereinafter collectively called the "Parties". WITNESSETH: WHEREAS, the Developer owns that certain tract of real property that contains approximately 22. 141 acres that is 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 (which tract of real property is hereinafter called the "Property"; and WHEREAS, the Developer intends to develop the Property as an addition to the City through plat FP 05-03v or FS ; and WHEREAS, the Developer and the City have entered into a Community Facilities Agreement relating to the development of the Lake Vista Estates (hereinafter called the "CFA"); and WHEREAS, the City has required certain assurances of the availability of funds to complete the streets, street signs and lights, and the water and sewer utilities for the development of the Property (herein collectively called the "Community Facilities"), and WHEREAS, in order to provide such assurances as have been required by the City, the Lender has agreed to advance certain funds to the City for Hard Costs (which term is hereinafter defined) subject to, and in accordance with, the terms, provisions and conditions of this Agreement; and C" SECRETARY FY. 11FIVION, TEX. WHEREAS, the Developer has granted to the Lender as additional security for the Loan (which term is hereinafter defined) a security interest in all plans and specifications for the development of the Property (hereinafter collectively called the "Plans"); and WHEREAS, the Parties desire to set forth the terms and conditions of such accommodations as are described above. ]VOW THEREFORE, for and in consideration of the benefits to be derived from the mutual observance by the parties of the terms and conditions hereof, and for and in consideration of Ten Dollars ($10.00) and other good and valuable consideration, the receipt, adequacy and sufficiency of which are hereby acknowledged, the Parties agree 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 required to complete the Community Facilities in the aggregate should not exceed the sum of Eight Hundred Fifty Thousand Dollars ($850,000.00) (hereinafter called the "Completion Amount"). Notwithstanding the foregoing, it is acknowledged that the actual costs of completion of the 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. 3. Adjustments to the Completion Amount. The Lender will from time to time make advances to the Developer for the development of the Property under the development loan that has been made by the Lender to the Developer for the purpose of financing the costs of constructing the Community Facilities of the Property (hereinafter called the "Loan") subject to, and in accordance with, the terms, conditions and COMPLETION AGREEMENT Revised September 2003 Page 2 of 15 provisions of the Loan Documents (which term is hereinafter defined) evidencing and securing the Loan. Some of those advances shall be for Hard Costs as specified in the "Approved Budget" relating to the Loan, a copy of which Approved Budget is marked Exhibit B, attached hereto and incorporated herein for all purposes, with the Hard Costs (which term is hereinafter defined) line items highlighted. The term "Hard Costs" shall mean the actual costs of construction and installation of the Community Facilities. To the extent that advances under the Loan are for the payment of Hard Costs, the Completion Amount shall be deemed reduced, dollar for dollar. The Lender may withhold statutory retainage from any advances under the Loan or pursuant to this Agreement. All such retainage withheld, to the extent it is attributable to Hard Costs, shall also reduce the Completion Amount dollar for dollar. All retainage withheld by the Lender for Hard Costs that are advanced to the City pursuant to this Agreement shall be released to the City as provided in the Texas Property Code upon expiration of the statutory retainage period. To keep the City advised of the Hard Costs, the Developer shall promptly deliver to the City those portions of all draw requests delivered to the Lender which contain requests for the payment of Hard Costs and such draw requests shall itemize Hard Costs in such form and detail as shall be reasonably acceptable to the Lender and the City. Upon approval of Lender of any draw request containing requests for Hard Costs to be advanced to the Developer, the Lender shall give notice to the City setting forth the amount of any Hard Costs to be advanced (the "Funding Notice"). The City will be deemed to have approved the proposed advance of Hard Costs by the Lender, unless it so notifies in writing Lender that it objects to such advancement of Hard Costs within three (3) business days of the receipt by the City of the Funding Notice. If the City objects to such advancements of Hard Costs by the Lender, COMPLETION AGREEMENT Revised September 2003 Page 3 of 15 the City will have its own inspector examine and evaluate the construction; then the Developer and the City shall cause their respective inspectors or consultants to cooperate and shall use their best reasonable efforts to settle any dispute over the appropriateness of any advance of Hard Costs. The Developer acknowledges that the Lender's obligation to fund advances under the Loan within a specified time frame shall be deemed waived by the Developer if the City and the Lender are in dispute with respect to any requested advance. If any such dispute is not resolved promptly, the two consultants shall agree within five (5) business days on a qualified third party to resolve the dispute whose decision shall be final and binding on all Parties and shall be rendered within five (5) business days of such consultant's selection. Any delay occasioned by any such dispute shall extend the Completion Date by such period of time. 4. Completion by the Developer. The Developer agrees to complete the Community Facilities on or before the date for completion that is established in the Loan Documents plus thirty (30) days (hereinafter called the "Completion Date"), in accordance with the CFA, the Plans that are approved by the Lender and the City and all documents evidencing or securing the Loan (which documents are hereinafter collectively called the "Loan Documents"). For the purposes of this Agreement, the development of the Property shall be deemed complete upon acceptance by the City of the Community Facilities. The City shall promptly notify the Lender and the Developer upon such acceptance. 5. Completion by the City. In the event that either: (A) the development of the Property is not completed by the Completion Date for any reason whatsoever, or (B) the Developer is in default under the Loan, then the Lender, at its sole option, may request the City to complete development. The City may, at its sole option and at the cost and expense of the Developer, within 10 days from receipt of Lender's COMPLETION AGREEMENT Revised September 2003 Page 4 of 15 request, notify Lender that it will undertake to complete the Community Facilities in a reasonably timely, diligent and workmanlike manner in accordance with the Plans, subject to the terms of this Agreement. The Lender and the Developer agree that the City may use the Plans as necessary to complete the Community Facilities. If the City does not timely elect to complete the construction of the Community Facilities, then the Lender may at its election terminate this Agreement, and at its option, proceed to complete the Community Facilities, foreclose on any of its collateral, or take any and all such action as may be provided under the Loan Documents. 6. Advance of Completion Costs to the City and Delivery of Hard Costs Collateral to the City. In the event the Lender has requested the City and the City has elected to complete the Community Facilities, Lender shall transfer to. the City all remaining undisbursed Hard Costs specified in the Approved Budget within 10 days of the date that the City elected to complete. The Developer hereby authorizes and instructs the Lender to make the transfer of any remaining undisbursed Hard Costs specified in the Approved Budget to the City within 10 days of notification that the City elects to complete the Community Facilities. In the event the cost to complete the Community Facilities exceeds the moneys transferred to the City, City shall notify Lender and Developer of the need of additional funds. The additional funds required to complete the Community Facilities shall be delivered to the City within 10 business days following notification to Lender and Developer. Failure to deliver the additional funds shall relieve the City of the obligation to complete the Community Facilities, in which event City shall use the hard Costs funds in its possession to pay the contractor(s) all funds due it/them. Any remaining undisbursed Hard Costs shall be paid to Lender within a reasonable time. COMPLETION AGREEMENT Revised September 2003 Page 5 of 15 7. Completion by the Lender. The Lender may, at its discretion, but shall not be obligated to, undertake to complete the Community Facilities if there is any default under any Loan Documents in lieu of requesting the City to complete the Community Facilities. If the Lender elects to complete the Community Facilities, any Hard Costs it expends shall, dollar for dollar, reduce the Completion Amount. 8. Easements. In the event the City or the Lender undertakes the completion of the Community Facilities, the Developer (and to the extent necessary the Lender) grants to the City and the Lender open access to the Property and shall execute and deliver such temporary easements over and across the entirety of the Property for the purpose of access and use for the completion of the construction of the Community Facilities in accordance with this Agreement. To the extent requested by the City and the Lender, written temporary construction easements in form acceptable to the City and the Lender shall be executed by the Developer and filed of record. Nothing in this paragraph shall reduce any rights of the Lender or obligations of the Developer under the Loan documents. 9. Lender's Rights. Nothing in this Agreement shall affect any portion of the Lender's collateral for the Loan or limit or impair the Lender's right to foreclose the same or deal with the collateral as it elects in accordance with the Loan Documents. 10. 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 payment and performance bonds 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 COMPLETION AGREEMENT Revised September 2003 Page 6 of 15 lieu thereof. To the extent the CFA irreconcilably conflicts with this Agreement, the provisions of this Agreement shall control. 11 . Termination. This Agreement shall terminate upon the earlier to occur of the following: (A) acceptance by the City of the Community Facilities; (B) mutual written agreement of all of the Parties; or (C) the reduction of the Completion Amount to zero. 12. 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, including retainage. Upon receipt and acceptance by the City of evidence of substantial completion and the payment by the Developer of all Hard Costs contractors, the City shall immediately 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 prescribed herein is to guarantee the Developer's obligations under the CFA. 13. 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 D. A requirement that each contractor contracting with the Developer include in each subcontract the statements contained in (a), (b) and (c) above. COMPLETION AGREEMENT Revised September 2003 Page 7 of 15 14. 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 1000 Throckmorton Street Fort Worth, Texas 76102 Attention: Administrative Assistant Telecopy Number: 817-392-8092 Confirmation Number: 817-392-7905 Attention: Peggy Chaney, Senior Engineering Technician Telecopy Number: 817-392-8195 Confirmation Number: 817-392-8428 With a copy thereof addressed and delivered as follows: City of Fort Worth 1000 Throckmorton Street Fort Worth, Texas 76102 Attention: Gary Steinberger, Esq. Assistant City Attorney Telecopy Number: 817-871 -8359 Confirmation Number: 817-871 -7600 COMPLETION AGREEMENT Revised September 2003 Page 8 of 15 (ii) Notice to the Developer shall be addressed and delivered as follows: Vista Trail, Ltd.. Attention: Ron McGough Land Development Manager 5137 Davis Boulevard North Richland Hills, Texas 76180 (iii) Notice to the Lender shall be addressed and delivered as follows: Nexity Bank Attention: Frank Wagnon Sr. Vice President 611 S. Main Grapevine, Texas 76051 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. (D) Parties Bound. This Agreement shall be binding upon and insure 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. COMPLETION AGREEMENT Revised September 2003 Page 9 of 15 (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; provided, however, that this Agreement shall not supersede, amend or modify any of the Loan Documents or any portion thereof. (G) Amendment. This Agreement may only be amended by a written instrument executed by all of the Parties to his 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. Executed by the Parties to be effective as of the date first stated above. COMPLETION AGREEMENT Revised September 2003 Page 10 of 15 EXECUTED IN QUADRULET. APPROVED AS TO FORM AND THE CITY OF FORT WORTH LEGALITY c 4- By: By: Name: Name: Marc A. Ott Title: Assistant City Title: Assistant Clty Manager LAKE VISTA, LTD. Attested By: By:VISTA TRAIL GP, L.L.C., It's General Partner Marty HendrBy' City Sccrctary Name: Matt L. S ht Title: Manager —' N 1 I Y BANK NO M&C REQUIRED By:J11JI C Name: Frank Wagon Title: Sr. Vice President the Guarantor of the Development Loan, is executing this Completion Agreement for the sole purpose of acknowledging that advances that are made by the Lender pursuant to this Completion Agreement shall be deemed to be advances that are made under the Loan which shall be subject to and covered by the Loan Documents and the Guaranty Agreement that was executed by By: COMPLETION AGREEMENT [ME Revised September 2003Page I1 of 15 LIST OF EXHIBITS TO THE COMPLETION AGREEMENT BY AND AMONG THE CITY OF FORT WORTH, LAKE VISTA, LTD. and NEXITY BANK. EXHIBIT A - LEGAL DESCRIPTION EXHIBIT B - APPROVED BUDGET COMPLETION AGREEMENT Revised September 2003 Page 12 of 15 _Exhibit A — Lepal Description BEING A TRACT OF LAND OUT OF THE JAMES D. FARMER SURVEY, ABSTRACT NO. 1975, TARRANT COUNTY, TEXAS, AND BEING THE SAME TRACT OF LAND AS DESCRIBED IN DEED RECORDED IN VOLUME 16127, PAGE 135, DEED RECORDS, TARRANT COUNTY,: TEXAS, AND BEING DESCRIBED AS FOLLOWS: BEGINNING AT A CONCRETE MONUMENT FOUND IN THE EAST LINE OF A TRACT OF LAND AS DESCRIBED IN DEED RECORDED IN VOLUME 384, PAGE 6, DEED RECORDS, TARRANT COUNTY, TEXAS, FOR THE I\IORTHWEST CORNER OF TRACT BEING DESCRIBED, SAID POINT BEING THE NORTHWEST CORNER OF SAID JAMES D. FARMER SURVEY AND THE SOUTHWEST CORNER OF LOT 31, BLOCK 28, LAKE WORTH LEASE BLOCKS, AN ADDITION TO THE CITY OF FORT WORTH, TARRANT COUNTY, TEXAS, ACCORDING TO THE PLAT RECORDED IN CABINET A, SLIDE 4542, PLAT RECORDS, TARRANT COUNTY, TEXAS; THENCE SOUTH 89 DEGREES 37 MINUTES 34 SECONDS EAST 88.35 FEET ALONG THE SOUTH LINE OF SAID LOT 31 , BLOCK 28, LAKE WORTH LEASE BLOCKS TO A CAPPED IRON PIN (FORT WORTH CITY) FOUND IN THE WESTERLY R.O.W. LINE OF LAS VEGAS TRAIL AND CONTINUING 274.33 FEET TO A CAPPED IRON PIN (FORT WORTH CITY) FOUND IN THE EASTERLY R.O.W. LINE OF LAS VEGAS TRAIL, SAID POINT BEING LOCATED IN THE SOUTH LINE OF A TRACT OF LAND AS PESCRIBED IN DEED RECORDED IN VOLUME 361 , PAGE 147, DEED RECORDS, TARRANT COUNTY, TEXAS, AND CONTINUING IN ALL 1210.19 FEET ALONG THE SOUTH LINE OF SAID TRACT OF LAND AS DESCRIBED IN DEED RECORDED IN VOLUME 361, PAGE 147 TO A CONCRETE MONUMENT FOUND FOR AN INSIDE CORNER OF SAIP TRACT OF LAND AS DESCRIBED IN DEED RECORDED IN VOLUME 361 , PAGE 147 AND THE NORTHEAST CORNER OF TRACT BEING DESCRIBED, SAID POINT ALSO BEING THE NORTHEAST CORNER OF SAID JAMES D. FARMER SURVEY; THENCE SOUTH 00 DEGREES 21 MINUTES 05 SECONDS WEST 1038.54 FEET ALONG THE WEST LINE OF SAID TRACT OF LAND AS DESCRIBED IN: DEED RECORDED IN VOLUME 361 , PAGE 147 AND ALSO A TRACT OF LAND AS DESCRIBED IN DEED RECORDED IN VOLUME 12160, PAGE 2383, DEED RECORDS, TARRANT COUNTY, TEXAS TO A CAPPED IRON PIN (FORT WORTH CITY) FOUND FOR THE SOUTHEAST CORNER OF TRACT BEING DESCRIBED, SAID POINT BEING THE NORTHEAST CORNER OF A TRACT OF LAND AS DESCRIBED IN DEED RECORDED IN VOLUME 11814. PAGE 1312, DEED RECORDS, TARRANT COUNTY, TEXAS; COMPLETION AGREEMENT Revised September 2003 Page 13 of 15 THENCE NORTH 89 DEGREES 42 MINUTES 57 SECONDS WEST 646.23 FEET ALONG THE NORTH LINE OF SAID TRACT OF LAND AS DESCRIBED IN (DEED RECORDED IN VOLUME 11814, PAGE 1312, LOT 1 R, BLOCK 1 , GRACE BAPTIST CHURCH ADDITION, ACCORDING TO THE PLAT RECORDED IN CABINET A, SLIDE 5050, PLAT RECORDS, TARRANT COUNTY, TEXAS, AND A TRACT OF LAND AS DESCRIBED IN DEED RECORDED IN VOLUME 10798, PAGE 483, DEED RECORDS, TARRANT COUNTY, TEXAS, TO A 1/2" IRON PIN FOUND FOR THE MOST SOUTHERLY SOUTHWEST CORNER OF TRACT BEING DESCRIBED, SAID POINT ALSO BEING THE SOUTHEAST CORNER OF A TRACT OF LAND AS DESCRIBED IN DEED RECORDED IN VOLUME 11814, PAGE 1312, DEED RECORDS, TARRANT COUNTY, TEXAS; THENCE NORTH 00 DEGREES 41 MINUTES 13 SECONDS WEST 519.85 FEET ALONG THE EAST LINE OF SAID TRACT OF LAND AS DESCRIBED IN DEED: RECORDED IN VOLUME 11814, PAGE 1312 TO A 1/2" IRON PIN FOUND FOR AN INSIDE CORNER OF TRACT BEING DESCRIBED AND THE NORTHEAST CORNER OF SAID TRACT OF LAND AS DESCRIBED IN DEED RECORDED IN VOLUME 11814, PAGE 1312; THENCE NORTH 89 DEGREES 34 MINUTES 26 SECONDS WEST 545.13 FEET ALONG THE NORTH LINE OF SAID TRACT OF LAND AS DESCRIBED IN DEED RECORDED IN VOLUME 11814, PAGE 1312 TO A 1/2" IRON PIN FOUND IN THE EAST LINE OF SAID TRACT OF LAND AS DESCRIBED IN DEED RECORDED IN VOLUME 384, PAGE 6 AND THE WEST LINE OF LAS VEGAS TRAIL AN UNDEFINED ROADWAY; THENCE NORTH 00 DEGREES 41 MINUTES 12 SECONDS WEST 519.39 FEET ALONG THE EAST LINE OF SAID TRACT OF LAND AS DESCRIBED INDEED RECORDED IN VOLUME 384, PAGE 6 AND THE WEST LINE OF SAID LAS VEGAS TRAIL AN UNDEFINED ROADWAY TO THE POINT OF BEGINNING AND CONTAINING 22.141 ACRES OF LAND, MORE OR LESS. COMPLETION AGREEMENT Revised September 2003 Page 14 of 15 EXHIBIT B Section I Water $ 116,118.50 Sewer $ 139,818.25 Construction Inspection 2% $ 5,1 18.00 Sub-total $ 261 ,054.75 Section II Interior Streets $ 261 ,724.40 Storm Drains $ 32,555.00 Construction Inspection 4% $ 11 ,771 .00 Sub-total $ 306,050.40 Section III Street Lights $ 17,600.00 Section IV Street Signs $ 400.00 TOTAL $ 585,105.15 COMPLETION AGREEMENT Revised September 2003 Page 15 of 15 Q Z 0 0 o Q Q o o 0 W = ao 3 O Z O W � W 0 � o LL- CN O U W W Q � p U 3 Q \) Haj -C s / ��B C � �� a W dy C: Lo o. Y X m Q) N n C_ C I C N 3 ,C o N uul 0 u UE E 0 u o U) CD N ry W � L(-) Q U) O U m � I o �, Tm (NOLLY3103a ON) / 1 dV11 35Y31 H1NOM 3NV1 Mad 3NM0 NOH3H I . ' W S ono mor-' p ;m� LLJ I � z W 2 ZN I N I N IN IN Tm w I O Q % I o � n l zLn a� nom W \ ri W �I N I I y IILffiocn I I U Q \ II < y, °� mos o I I I> �6Z o I N I a // r tLi o y --{I-I 1 10 _ I I M C O I —; per, W — � I rn I N — // I I x - ntel' 3 Ilr M CA ~ N I � I (o Lo � \ I � � ao W N — — — — Ld • LLJ N � C � C C j: t p N cD N U) W \ C14 O II > L) b oo W Z W y p :2I C �\ I — rn N I II I � U uj $.r lLJ ro m to C AN) L) LLi � d Y'9YJ li OM 3Xd1 C t \\\` 9161 'ON .LOYYLS9Y - A3AdaS hreMyd 'a SSAW ( , E — — —\ — — — — 6ZL! 'ON .LDYNdSGV - A3AbLnS X0371A aOJYf V O \ll U o (n o z N _ II Q ry W0 Ln W O Q w I v 0 Q O o W zI Ld 00 o : F- J I-w LJz z (nOw w U !F m LLLJ010.1030 ON) '— dYW 3SY31 H1NOM 3xY1 113d H. ?� 3NN0 NW13H M m N�K P I na O �wr nwra �- — I x w ~ "_7 TT T _71- F-T L / M 1 1 1 11 I r I ao I M l o I I 1 w N W ole I I I I I I I Q LLJ '`1/ (n� o N W� az z I O MaW w O O \ 0 ° m I - I NWS IF LLJ Ld _ \ I to N O � Q 6IqI I II M o I o II 00 � s o �gF N M N f U N oJo�— t0 W O N ^ a, 01 13 LLJ .3.. � �I —I N o� N m Y N � lb i'sn C II f o , j L co o J W � , — — Moms C � nix^ > w l! U - - d /3 II 3 V), —V S1 �i� I III I I Q I a A Q I Iv LIm"CL 3xY, \c/ I I ��O� I I I j L Lf 101 L U `JNIAVd iWHdSV 9L61 'oAr,LOYNds9Y -AgAans UZNUyd '0 S3)YYf E — — — — — SZL1 -oAr,LOVULS6Y - A3ANnS X0071A 600Yr V E 3 U o (n z O Li Cf) = �_ ry w w J Lo w v rY Q O U w88 LIJ I T -F Q O W J J (n V/ W W W O W W W W W W W J W W W I U� U� C/� Cn C/� U� (NOLLYJI030 ON) 0 0 0 Z Z Z d ri 3N31 H1tlOM 3NY):bGd W W d � F= F �+ 3NN0 NOM3H 0 0 0 (n (n (n ; m fy- X X X — W W W LTJ LTJ t i ■ E E S o�o N$� = o cn w ��I I � I� I� IaD o I O J O >N I N I N I N I N I N I N r) M y — — — — ' l \`` O "'iia'° _ W — -- --� zll� f37CI�Q 3IUC�N6� I \` o� I� aI O N N �— —I— z ro — N rn ty 31� - 1 14 I1I M / L `q _ _L j —I— 0) O / / r--- U O 31 61: LY ^ O N Lo 0 CD C x 0 O IFiijC)a i i a �i_^ C14 00 Lo Ln X — �' I (D N I W N II > I I II N IZ Wp� y FLLJ ` I _ N I rn I g I m - - con -3 w, esln (� . Ln d / M III S M NrNom��\)I I I I V \ V Vino l \` �I� Ival I e I ' E kc (�� sLsI 'OAF L:7YN.LSGY -,(Beans NBNNYd •a sffNyf " a — — 6ZLl 'ON,LDM.LSgY - .[BANDS XOa7M aODYf U Opinion of Probable Cost DATE: 3.10.05 JOB NO.: 02-140 OWNER: VISTA TRAIL, LTD. PROJECT: LAKE VISTA ESTATES : EXHIBIT B - STREETS ITEM NO. DESCRIPTION TOTAL QTY. UNIT UNIT PRICE COST DEVELOPER COST 1 6"Concrete Pavement 10,152 S.Y. 20.95 $212,684.40 2 6" Lime Stabilized Subgrad_e 10800 S.Y. 1.75 518,900.00 3 Lime (6%) 162 Ton 98.00 $15,876.00 4 7"Attached Concrete Curb 5,824 L.F. 1.00 $5,824.00 5 Standard Dead End Barricade 1 Ea. 500.00 $500.00 6 4' Wide Concrete Sidewalk 2240 L.F. 2.25 $5,040.00 7 Standard Handicap_Ramp 1 Ea. 650.00 $650.00 8 Type A Rock Rip-rap 45 S.Y. 50.00 $2,250.00 Subtotal Developer Cost $261,724.40 Inspection Fee (4%) $10,469.00 PREPARED: OL CHECKED BY: SHEET NO.: 4 CIVILworks Engineering 1 192 Boling Ranch Road * Azle, Texas 76020 * Phone (81 7) 448-9595 * Fax (81 7 ) 448-6390 Opinion of Probable Cost DATE: 3.10.05 JOB NO.: 02-140 OWNER: VISTA TRAIL, LTD. PROJECT: LAKE VISTA ESTATES : EXHIBIT B-1 - STORM DRAIN ITEM NO. DESCRIPTION TOTAL QTY. UNIT UNIT PRICE COST DEVELOPER COST 1 Standard 10' Curb Inlet 1 Ea. 2,000.00 $2,000.00 2 Standard 15' Curb Inlet 2 Ea. 2,600.00 $5,200.00 3 Standard 4' Square SDMH 1 Ea. 1,950.00 $1,950.00 4 24" Class III RCP 305 L.F. 40.00 $12,200.00 5 36"Class III RCP 50 L.F. 55.00 $2,750.00 6 24"4:1 Conc. Sloped End Treatment 1 Ea. 1,500.00 $1,500.00 7 24"4:1 Conc. Sloped End Treatment 1 Ea. 1,600.00 $1,600.00 8 Curb Inlet Sediment Filter 3 Ea. 150.00 $450.00 9 1' Thick Gabion Matress 70 S.Y. 65.00 $4,550.00 10 Trench Safety 355 L.F. 1.00 $355.00 Subtotal Developer Cost $32,555.00 Inspection Fee (4%) $1,302.00 PREPARED: OL CHECKED BY: SHEET NO.: 5 CIVILworks Engineering 1 192 Boling Ranch Road * Azle, Texas 76020 * Phone (817) 448-9595 * Fax (81 7 ) 448-6390 Opinion of Probable Cost DATE: 3.10.05 JOB NO.: 02-140 OWNER: VISTA TRAIL, LTD. PROJECT: LAKE VISTA ESTATES : EXHIBIT C - STREET LIGHTS AND STREET SIGNS ITEM NO. DESCRIPTION TOTAL QTY. UNIT UNIT PRICE COST DEVELOPER COST 1 Standard Street Light 8 Ea. 2,200.00 $17,600.00 2 Street Signs 4 Ea. 100.00 $400.00 PREPARED: OL CHECKED BY: SHEET NO.: 6 CIVILworks Engineering 1 192 Boling Ranch Road * Azle. Texas 76020 Phone (8I7) 448-9595 ' Fax (817) 448-6390