HomeMy WebLinkAboutContract 46886 11 12 q�
CIO
CITY
Q�G
CONTRACT No.
COMPLETION AGREEMENT
�Vd 01 LV 6 This Completion Agreement ("Agreement"), is made and entered into by and between the
City of Fort Worth, ("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 be called the "Parties".
WITNESSETH:
WHEREAS, the Developer owns that certain tract of real property that contains
approximately 14.90 acres of land located in the City, the legal description of which tract of real
property is marked Exhibit "A"— Legal Description, attached hereto and incorporated herein for
all purposes, (`Property"); and
WHEREAS, the Developer intends to develop the Property as an addition to the City
through plat FP-014-080; and
WHEREAS, the Developer and the City have entered into a Community Facilities
Agreement (CFA# 2015-056) relating to the development, Presidio West Phase VI for Paving,
Drainaize, Water, Sewer, and Lighting Improvements (`Improvements"): and
WHEREAS, the City has required certain assurances that the Developer will cause to be
constructed to City standards the Improvements pursuant to the Community Facilities
Agreement; and
WHEREAS, the Parties desire to set forth the terms and conditions of such
accommodations as are described above.
NOW, THEREFORE, for and in consideration of the mutual covenants and agreements
hereinafter set forth, it is hereby agreed by and between City and Developer as follows:
1. Recitals. The foregoing recitals are true, correct and complete and constitute the basis for
this Agreement and they are incorporated into this Agreement for all purposes.
2. The Completion Amount. The City and the Developer agree that the Hard Costs (as
shown on Exhibit "B") required to complete the Community Facilities in the aggregate
should not exceed the sum of Six Hundred and Twenty-Eight Thousand, Seven Hundred
and Forty-Two Dollars and Forty-Five Cents ($628,742.45), hereinafter called the
"Completion Amount". Notwithstanding the foregoing, it is acknowledged that the
City of Fort Worth, Texas
Standard Completion Agreement— Self-Funded
CFA Official Release Date: 07.01.2015 OFFICIAL RECORD
Page 1 of 15
CITY SECRETARY
FT.WORTH, TX
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. City hereby waives the
requirement for developer to deposit a financial guarantee of 100% of the Hard Costs
under the CFA Policy.
3. Completion by the Developer. The Developer agrees to complete the Community
Facilities and pay all Hard Costs in accordance with City standards, the CFA, the Plat,
and the Plans as approved by the City. For the purposes of this Agreement, the
development of the Property shall be deemed complete upon acceptance by the City of
the Community Facilities pursuant to Section 6, hereof.
4. Satisfaction of the City Requirements. The City agrees that the assurances and covenants
contained in this Agreement satisfy all requirements of the City with respect to
Developer's Financial Guarantee, as described in the CFA Policy, or other requirements
for security in connection with the development of the Property and the completion of the
Community Facilities that are contained in the CFA or in any other agreement relating
thereto, and the City hereby accepts the assurances and covenants contained herein in lieu
thereof. To the extent the CFA irreconcilably conflicts with this Agreement, the
provisions of this Agreement shall control.
5. Termination. This Agreement shall terminate upon the earlier to occur of the following:
(a) acceptance by the City of the Community Facilities; or (b) mutual written agreement
of the Parties.
6. Final Plat. The Parties acknowledge and agree that the City shall hold the final plat of the
Property until the Community Facilities are completed and accepted by the City and all
Hard Costs contractors have been paid, less retainage. Upon acceptance by the City and
receipt of evidence from the Developer showing that all Hard Costs contractors have
been paid, including but not necessarily limited to lien waivers and bills paid affidavits,
the City shall within a reasonable time file the final plat for the Property in the Plat
Records of the county where the Property is located. The purpose of the City retaining
City of Fort Worth, Texas
Standard Completion Agreement— Self-Funded
CFA Official Release Date: 07.01.2015
Page 2 of 15
the final plat of the Property as provided herein is to guarantee the Developer's
obligations under the CFA are completed.
7. Construction Contracts. Developer agrees to include in each Construction contract that it
enters into for the completion of the Community Facilities the following:
A. A statement that the City is not holding any security to guarantee any payment for
work performed on the Community Facilities;
B. A statement that the Property is private property and that same may be subject to
mechanic's and materialman's liens;
C. A requirement that each contractor contracting with the Developer release the City
from any claim that is related to the Property; and
D. A requirement that each contractor contracting with the Developer include in each
subcontract the statements contained in (a), (b) and (c) above.
8. Miscellaneous.
A. Non-Assignment of Agreement. This Agreement may not be assigned by any of the
Parties without the prior written consent of all the other Parties.
B. Notice. Any notice required or permitted to be delivered under this Agreement shall
be deemed received on actual receipt by the appropriate party at the following
addresses:
(i) Notice to the City shall be addressed and delivered as follows:
City of Fort Worth
Planning & Development Department
1000 Throckmorton Street
Fort Worth, Texas 76102
Attention: CFA Division
Julie Westerman, Development Manager
Email: Julie.WestermanAfortworthtexas.gov
Confirmation Number: 817-392-2677
and/or
CFA Division
Email: CFAA)fortworthtexas.gov
Confirmation Number: 817-392-2025
City of Fort Worth, Texas
Standard Completion Agreement— Self-Funded
CFA Official Release Date: 07.01.2015
Page 3 of 15
With a copy thereof addressed and delivered as follows:
City of Fort Worth
1000 Throckmorton Street
Fort Worth, Texas 76102
Attention: Douglas W. Black
Assistant City Attorney
Confirmation Number: 817-392-7615
(ii) Notice to the Developer shall be addressed and delivered as follows:
First Texas Homes, Inc.
Attention: Keith Hardesty
500 Crescent Court, Suite 350
Dallas, TX 75201
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 inure to the benefit of the
Parties and their respective legal representatives, successors and assigns.
E. Legal Construction. In case any one or more of the provisions contained in this
Agreement shall for any reason is held to be invalid, illegal, or unenforceable in any
respect, such invalidity, illegality, or unenforceability shall not affect any other
provision of this Agreement, and this Agreement shall be construed as if such invalid,
illegal, or unenforceable provision had never been contained in this Agreement.
F. Prior Agreements Superseded. This Agreement constitutes the sole and only
agreement of the Parties with respect to the subject matter hereof and supersedes any
prior understandings or written or oral agreements among the Parties concerning the
subject matter hereof.
City of Fort Worth, Texas
Standard Completion Agreement—Self-Funded
CFA Official Release Date: 07.01.2015
Page 4 of 15
G. Amendment. This Agreement may only be amended by a written instrument
executed by all of the Parties to this Agreement.
H. Headings. The headings that are used in this Agreement are used for reference and
convenience purposes only and do not constitute substantive matters to be considered
in construing the terms and provisions of this Agreement.
(REMAINDER OF PAGE INTENTIONALLY LEFT BLANK)
City of Fort Worth, Texas
Standard Completion Agreement— Self-Funded
CFA Official Release Date: 07.01.2015
Page 5 of 15
Executed in quadruplicate in each entity's respective name by its duly authorized signatories
effective as of the date executed by the City's City Manager or his/her designee.
CITY OF FORT WORTH: DEVELOPER:
Fernando Costa Name: Keith Hardesty
Assistant City Manager Title: President
Date: T/15 Date:
Approved as to Form &Legality:
OE�?2�
Douglas W. Blae
Assistant City Attorney
ATTEST:
ary J. K
City Secr �'°�
M&C: rtI �1`A►g
Date:
City of Fort Worth, Texas
Standard Completion Agreement— Self-Funded OFFICIAL RECORD
CFA Official Release Date: 07.01.2015 CITY SECRETARY
Page 6 of 15
FT.WORTH, TX
LIST OF EXHIBITS
ATTACHMENT"I"-CHANGES TO STANDARD AGREEMENT
EXHIBIT A- LEGAL DESCRIPTION
EXHIBIT B - APPROVED BUDGET
City of Fort Worth, Texas
Standard Completion Agreement— Self-Funded
CFA Official Release Date: 07.01.2015
Page 7 of 15
ATTACHMENT "1"
Changes to Standard Agreement
Self-Funded Completion Agreement
None
City of Fort Worth, Texas
Standard Completion Agreement— Self-Funded
CFA Official Release Date: 07.01.2015
Page 8 of 15
EXHIBIT A
LEGAL DESCRIPTION
BEING A 14.900 ACRE TRACT OF LAND SITUATED IN THE JOSIAH
WALKER SURVEY, ABSTRACT NO. 1600, CITY OF FORT WORTH,
TARRANT COUNTY, 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 PUBLIC RECORDS,
TARRANT COUNTY, TEXAS. SAID 14.900 ACRE TRACT WITH
REFERENCE BEARING BEING THE RECORDED PLAT OF THE PRESIDIO
WEST ADDITION, AN ADDITION TO THE CITY OF FORT WORTH, AS
RECORDED IN CABINET A, SLIDE 11771, PLAT RECORDS, TARRANT
COUNTY, TEXAS, AND BEING MORE PARTICULARLY DESCRIBED BY
METES AND BOUNDS AS FOLLOWS:
BEGINNING AT A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
"JACOBS" SET FOR THE NORTHEAST CORNER OF "TRACT 1" OF
PRESIDIO WEST, PHASE V, SAID POINT BEING ON THE EAST RIGHT-
OF-WAY LINE OF WHITE BEAR TRAIL (A 50' RIGHT-OF-WAY) AND
THE SOUTH LINE OF A TRACT OF LAND CONVEYED TO USA
CORPORATE PROPERTIES, L.L.C., AS RECORDED IN VOLUME 15953,
PAGE 344, DEED RECORDS, TARRANT COUNTY, TEXAS;
THENCE, SOUTH 88 DEGREES 36 MINUTES 54 SECONDS EAST, ALONG
THE NORTH LINE OF AFORESAID FIRST TEXAS HOMES, INC. TRACT,
THE SOUTH LINE OF SAID USA CORPORATE PROPERTIES, L.L.C.
TRACT AND THE SOUTH LINE OF LOT 6, BLOCK 1 OF RATLIFF
ADDITION, AN ADDITION TO THE CITY OF FORT WORTH, AS
RECORDED IN CABINET B, SLIDE 2426, PLAT RECORDS, TARRANT
COUNTY, TEXAS, A DISTANCE OF 1039.42 FEET TO A 5/8 INCH IRON
ROD WITH PLASTIC CAP STAMPED "JACOBS" SET FOR THE
NORTHWEST CORNER OF "TRACT 2" OF SAID PRESIDIO WEST, PHASE
V, SAID POINT ALSO BEING THE NORTHWEST CORNER OF LOT 1X,
BLOCK 2 OF SAID PRESIDIO WEST, PHASE V;
THENCE, ALONG THE WEST LINE OF SAID "TRACT 2" AND THE WEST
LINE OF SAID LOT 1X, BLOCK 2, THE FOLLOWING COURSES AND
DISTANCES:
SOUTH 01 DEGREE 23 MINUTES 06 SECONDS WEST, A DISTANCE
OF 176.16 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP
STAMPED "JACOBS" SET FOR CORNER AND THE BEGINNING OF
A NON-TANGENT CURVE TO THE RIGHT HAVING A CENTRAL
City of Fort Worth, Texas
Standard Completion Agreement— Self-Funded
CFA Official Release Date: 07.01.2015
Page 9of15
ANGLE OF 64 DEGREES 33 MINUTES 58 SECONDS, A RADIUS OF
50.00 FEET, AND A LONG CHORD THAT BEARS SOUTH 24
DEGREES 59 MINUTES 08 SECONDS WEST, A DISTANCE OF 53.41
FEET;
ALONG SAID NON-TANGENT CURVE TO THE RIGHT, AN ARC
DISTANCE OF 56.34 FEET TO A 5/8 INCH IRON ROD WITH
PLASTIC CAP STAMPED "JACOBS" SET FOR CORNER;
SOUTH 27 DEGREES 20 MINUTES 15 SECONDS WEST, A
DISTANCE OF 138.79 FEET TO A 5/8 INCH IRON ROD WITH
PLASTIC CAP STAMPED "JACOBS" SET FOR CORNER;
NORTH 60 DEGREES 43 MINUTES 00 SECONDS WEST, A
DISTANCE OF 57.68 FEET TO A 5/8 INCH IRON ROD WITH
PLASTIC CAP STAMPED "JACOBS" SET FOR CORNER;
NORTH 74 DEGREES 21 MINUTES 18 SECONDS WEST, A
DISTANCE OF 95.39 FEET TO A 5/8 INCH IRON ROD WITH
PLASTIC CAP STAMPED "JACOBS" SET FOR CORNER;
SOUTH 57 DEGREES 28 MINUTES 18 SECONDS WEST, A
DISTANCE OF 40.86 FEET TO A 5/8 INCH IRON ROD WITH
PLASTIC CAP STAMPED "JACOBS" SET FOR CORNER;
SOUTH 27 DEGREES 39 MINUTES 06 SECONDS EAST, A
DISTANCE OF 363.99 FEET TO A 5/8 INCH IRON ROD WITH
PLASTIC CAP STAMPED "JACOBS" SET FOR CORNER;
SOUTH 37 DEGREES 54 MINUTES 49 SECONDS EAST, A
DISTANCE OF 46.77 FEET TO A 5/8 INCH IRON ROD WITH
PLASTIC CAP STAMPED "JACOBS" SET FOR THE SOUTHWEST
CORNER OF SAID LOT 1X, BLOCK 2, SAID POINT BEING ON THE
NORTHWEST RIGHT-OF-WAY LINE OF SALVIA DRIVE (A 60'
RIGHT-OF-WAY) AND THE BEGINNING OF A NON-TANGENT
CURVE TO THE LEFT HAVING A CENTRAL ANGLE OF12
DEGREES 31 MINUTES 50 SECONDS, A RADIUS OF 490.00 FEET,
AND A LONG CHORD THAT BEARS SOUTH 62 DEGREES 40
MINUTES 49 SECONDS WEST, A DISTANCE OF 106.95 FEET;
THENCE, CONTINUING ALONG THE NORTHWEST LINE OF SAID
"TRACT 2", THE FOLLOWING COURSES AND DISTANCES:
City of Fort Worth, Texas
Standard Completion Agreement— Self-Funded
CFA Official Release Date: 07.01.2015
Page 10 of 15
ALONG SAID TANGENT CURVE TO THE LEFT AND ALONG THE
NORTHWEST RIGHT-OF-WAY LINE OF SAID SALVIA DRIVE, AN
ARC DISTANCE OF 107. 16 FEET TO A 5/8 INCH IRON ROD WITH
PLASTIC CAP STAMPED "JACOBS" SET FOR CORNER AT THE
EAST END OF A CORNER CLIP AT THE INTERSECTION OF THE
NORTHWEST RIGHT-OF-WAY LINE OF SAID SALVIA DRIVE AND
THE NORTHEAST RIGHT-OF-WAY LINE OF NOLINA ROAD (A 50'
RIGHT-OF-WAY);
NORTH 80 DEGREES 55 MINUTES 28 SECONDS WEST, ALONG
SAID CORNER CLIP, A DISTANCE OF 11 .74 FEET TO A 5/8 INCH
IRON ROD WITH PLASTIC CAP STAMPED "JACOBS" SET FOR
CORNER;
SOUTH 52 DEGREES 19 MINUTES 16 SECONDS WEST, OVER AND
ACROSS SAID NOLINA ROAD, A DISTANCE OF 53.87 FEET TO A
5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED "JACOBS" SET
FOR CORNER ON A CORNER CLIP AT THE INTERSECTION OF THE
SOUTHWEST RIGHT-OF-WAY LINE OF SAID NOLINA ROAD AND
THE NORTHWEST RIGHT-OF-WAY LINE OF SAID SALVIA DRIVE;
SOUTH 05 DEGREES 33 MINUTES 59 SECONDS WEST, ALONG
SAID CORNER CLIP, A DISTANCE OF 11.74 FEET TO A 5/8 INCH
IRON ROD WITH PLASTIC CAP STAMPED "JACOBS" SET FOR
CORNER AT THE SOUTH END OF SAID CORNER CLIP AND THE
BEGINNING OF A NON-TANGENT CURVE TO THE LEFT HAVING
A CENTRAL ANGLE OF 04 DEGREES 21 MINUTES 26 SECONDS, A
RADIUS OF 490.00 FEET, AND A LONG CHORD THAT BEARS
SOUTH 46 DEGREES 02 MINUTES 55 SECONDS WEST, A
DISTANCE OF 37.25 FEET;
ALONG SAID NON-TANGENT CURVE TO THE LEFT AND THE
NORTHWEST RIGHT-OF-WAY LINE OF SAID SALVIA DRIVE, AN
ARC DISTANCE OF 37.26 FEET TO A 5/8 INCH IRON ROD WITH
PLASTIC CAP STAMPED "JACOBS" SET FOR CORNER;
SOUTH 43 DEGREES 52 MINUTES 12 SECONDS WEST,
CONTINUING ALONG THE NORTHWEST RIGHT-OF-WAY LINE OF
SAID SALVIA DRIVE, A DISTANCE OF 167. 18 FEET TO A 5/8 INCH
IRON ROD WITH PLASTIC CAP STAMPED "JACOBS" SET FOR
CORNER AT THE EAST END OF A CORNER CLIP AT THE
INTERSECTION OF THE NORTHWEST RIGHT-OF-WAY LINE OF
SAID SALVIA DRIVE AND THE NORTHEAST RIGHT-OF-WAY LINE
OF MILKWEED LANE (A 50' RIGHT-OF-WAY);
City of Fort Worth, Texas
Standard Completion Agreement—Self-Funded
CFA Official Release Date: 07.01.2015
Page 11 of 15
SOUTH 88 DEGREES 58 MINUTES 12 SECONDS WEST, ALONG
SAID CORNER CLIP, A DISTANCE OF 12.01 FEET TO A 5/8 INCH
IRON ROD WITH PLASTIC CAP STAMPED "JACOBS" SET FOR
CORNER;
SOUTH 44 DEGREES 04 MINUTES 12 SECONDS WEST, OVER AND
ACROSS SAID MILKWEED LANE, A DISTANCE OF 52.84 FEET TO
A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED "JACOBS"
SET FOR CORNER ON A CORNER CLIP AT THE INTERSECTION OF
THE NORTHWEST RIGHT-OF-WAY LINE OF SAID SALVIA DRIVE
AND THE SOUTHWEST RIGHT-OF-WAY LINE OF SAID MILKWEED
LANE;
SOUTH 00 DEGREES 41 MINUTES 12 SECONDS EAST, ALONG
SAID CORNER CLIP, A DISTANCE OF 12.19 FEET TO A 5/8 INCH
IRON ROD WITH PLASTIC CAP STAMPED "JACOBS" SET FOR
CORNER AT THE SOUTH END OF SAID CORNER CLIP AND THE
BEGINNING OF A NON-TANGENT CURVE TO THE RIGHT HAVING
A CENTRAL ANGLE OF 06 DEGREES 24 MINUTES 08 SECONDS, A
RADIUS OF 970.00 FEET, AND A LONG CHORD THAT BEARS
SOUTH 48 DEGREES 03 MINUTES 10 SECONDS WEST, A
DISTANCE OF 108.33 FEET;
ALONG SAID NON-TANGENT CURVE TO THE RIGHT, AN ARC
DISTANCE OF 108.39 FEET TO A 5/8 INCH IRON ROD WITH
PLASTIC CAP STAMPED "JACOBS" SET FOR THE EAST CORNER
OF LOT 32, BLOCK 4 OF SAID PRESIDIO WEST, PHASE V;
THENCE, NORTH 38 DEGREES 44 MINUTES 45 SECONDS WEST, ALONG
THE NORTHEAST LINE OF SAID LOT 32, BLOCK 4, A DISTANCE OF
61. 14 FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
"JACOBS" SET FOR THE NORTH CORNER OF SAID LOT 32, BLOCK 4
AND THE EAST CORNER OF LOT 31, BLOCK 4 OF PRESIDIO WEST,
PHASE IV;
THENCE, NORTH 27 DEGREES 39 MINUTES 06 SECONDS WEST, ALONG
THE NORTHEAST LINE OF SAID PRESIDIO WEST, PHASE IV, PASSING
AT A DISTANCE OF 180.00 FEET TO A 5/8 INCH IRON ROD WITH
PLASTIC CAP STAMPED "JACOBS" SET FOR THE NORTH CORNER OF
LOT 29, BLOCK 4 OF SAID PRESIDIO WEST, PHASE IV AND THE EAST
CORNER OF LOT 28, BLOCK 4 OF AFORESAID PRESIDIO WEST, PHASE
V, AND CONTINUING ALONG THE EAST LINE OF SAID PRESIDIO
WEST, PHASE V, FOR A TOTAL DISTANCE OF 765.85 FEET TO A 5/8"
City of Fort Worth, Texas
Standard Completion Agreement— Self-Funded
CFA Official Release Date: 07.01.2015
Page 12 of 15
IRON ROD WITH A YELLOW PLASTIC CAP STAMPED "JACOBS" SET
FOR THE NORTH CORNER OF LOT 19, BLOCK 4, AND THE COMMON
EAST CORNER OF LOT 18, BLOCK 4 OF SAID PRESIDIO WEST, PHASE
V;
THENCE, CONTINUING ALONG THE EAST LINE OF SAID PRESIDIO
WEST, PHASE V, THE FOLLOWING COURSES AND DISTANCES:
NORTH 14 DEGREES 19 MINUTES 49 SECONDS WEST, A
DISTANCE OF 106.06 FEET TO A 5/8 INCH IRON ROD WITH
PLASTIC CAP STAMPED "JACOBS" SET FOR THE NORTHEAST
CORNER OF LOT 17, BLOCK 4 OF SAID PRESIDIO WEST, PHASE
V;
SOUTH 83 DEGREES 56 MINUTES 25 SECONDS WEST, ALONG THE
NORTH LINE OF SAID LOT 17, BLOCK 4, A DISTANCE OF 133.52
FEET TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
"JACOBS" SET FOR THE NORTHWEST CORNER OF SAID LOT 17,
BLOCK 4, SAID POINT BEING ON THE EAST RIGHT-OF-WAY LINE
OF AFORESAID WHITE BEAR TRAIL AND THE BEGINNING OF A
NON-TANGENT CURVE TO THE RIGHT HAVING A CENTRAL
ANGLE OF 05 DEGREES 37 MINUTES 57 SECONDS, A RADIUS OF
125.00 FEET, AND A LONG CHORD THAT BEARS NORTH O1
DEGREE 25 MINUTES 52 SECONDS WEST, A DISTANCE OF 12.28
FEET;
ALONG SAID NON-TANGENT CURVE TO THE RIGHT AND THE
EAST RIGHT-OF-WAY LINE OF SAID WHITE BEAR TRAIL, AN
ARC DISTANCE OF 12.29 FEET TO A 5/8 INCH IRON ROD WITH
PLASTIC CAP STAMPED "JACOBS" SET FOR CORNER;
NORTH O1 DEGREE 23 MINUTES 06 SECONDS EAST, CONTINUING
ALONG THE EAST RIGHT-OF-WAY LINE OF SAID WHITE BEAR
TRAIL, A DISTANCE OF 54.36 FEET TO A 5/8 INCH IRON ROD
WITH PLASTIC CAP STAMPED "JACOBS" SET FOR CORNER AT
THE SOUTH END OF A CORNER CLIP AT THE INTERSECTION OF
THE EAST RIGHT-OF-WAY LINE OF SAID WHITE BEAR TRAIL
AND THE SOUTH RIGHT-OF-WAY LINE OF FIDDLENECK STREET
(A 50' RIGHT-OF-WAY);
NORTH 46 DEGREES 23 MINUTES 06 SECONDS EAST, ALONG
SAID CORNER CLIP, A DISTANCE OF 7.07 FEET TO A 5/8 INCH
IRON ROD WITH PLASTIC CAP STAMPED "JACOBS" SET FOR
CORNER;
City of Fort Worth, Texas
Standard Completion Agreement— Self-Funded
CFA Official Release Date: 07.01.2015
Page 13 of 15
NORTH 01 DEGREE 23 MINUTES 06 SECONDS EAST, OVER AND
ACROSS SAID FIDDLENECK STREET, A DISTANCE OF 60.00 FEET
TO A 5/8 INCH IRON ROD WITH PLASTIC CAP STAMPED
"JACOBS" SET FOR CORNER ON THE CORNER CLIP AT THE
INTERSECTION OF THE NORTH RIGHT-OF-WAY LINE OF SAID
FIDDLENECK STREET AND THE EAST RIGHT-OF-WAY LINE OF
SAID WHITE BEAR TRAIL;
NORTH 43 DEGREES 36 MINUTES 54 SECONDS WEST, ALONG
SAID CORNER CLIP, A DISTANCE OF 7.07 FEET TO A 5/8 INCH
IRON ROD WITH PLASTIC CAP STAMPED "JACOBS" SET FOR
CORNER AT THE NORTH END OF SAID CORNER CLIP;
NORTH 01 DEGREE 23 MINUTES 06 SECONDS EAST, ALONG THE
EAST RIGHT-OF-WAY LINE OF SAID WHITE BEAR TRAIL, A
DISTANCE OF 110.00 FEET TO THE POINT OF BEGINNING, AND
CONTAINING 14.900 ACRES OF LAND, MORE OR LESS.
City of Fort Worth, Texas
Standard Completion Agreement—Self-Funded
CFA Official Release Date: 07.01.2015
Page 14 of 15
EXHIBIT B
APPROVED BUDGET
Section I
Water $93,204.00
Sewer $72,086.60
Sub-total $165,290.60
Section II
Interior Streets $357,742.55
Storm Drains $55,931.50
Sub-total $413,674.05
Section III
Street Lights $49,777.80
Sub-total $49,777.80
TOTAL $628,742.45
City of Fort Worth, Texas
Standard Completion Agreement— Self-Funded
CFA Official Release Date: 07.01.2015
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