HomeMy WebLinkAboutContract 21856 JL
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CONIMUNITY FACALIT IES AGREEMENT
NATE OF TEXAS
COUNT" OF, TARRANT
WHEREAS, Hillwood Property Company, hereinafter cafled 1,'I--je\selopev,"
des-iresto make ceitain =PrOvelflients to SH 170 - 24"' Water Mase from each
E
E. parkway, an addition to the City of Foft Worth, iexas; and
IA1,14EREAS, the said Developer has requested the City of Fort 'Woeth, a
" ty
ex-
corpf
)rqtjon of Tarrant t'ountv, Texas, herein. called Ci ," to do
certain wark, in 3Nfth said improvements;
.W.
NCAN.. THEREFORE KNOW Al L MEN BY THESE PRESEN-f
IV
rougf,, Ric-hard G. Patttarson, its du
Devetoper, acting herein by and th
rtat said
a.tjfthcrized piresdent, and the City, actipq herein by and tflffough Mike GroorrlP-r,
its duty authorized Assistant kl-'Aty tanager, for and al consideration of the
formed and to be WMorn, ed, do hereby
n,4 ae ref, its ts herein peri
Goverfaf-�i and agnee aS' TO-110v4s, %T.
PC- A U., -P
of Pr
Ha.-H&J-i ff:-16 AGRE��-*MENT
to install
NIVAT ER SERVICES (0311JU1.0
"br
7
,QH 170 -24's VvqA-ff-R MAIN
FROM qFAe14',H STREE.-T TO EAGLE PARKWAY
A. The Developer agrees to let a contract for, in accordance with C'itY
acc.e -p -jns, and the provisions of the City
�pte(j practices, ordinances, 1 pc
C.haiter, and subi-i-Ct to the requirements of the City's Policies
Regulation for installation of C€mm- Facilities, W-1,TIER LINE
FACILITIES to serje the subject property as shown on the attached Exhibit
"A".
6, ihe City agrees to 2110W the De-,,ieloper to install, at the expense, at the
installed, 'c
in this addition are instal a s(-,-r-v, ee fine fur
time all other water mains
each ret .3s shmun oq ,the attkaGhad Exhibit -A . The estimated cost of
I
these service fines is The City agrees to record the location Ulf each
said sc-rvice line ;,i respect to the corner of the lot served, and to retain
said !qcord6 in its ,)ossession.
C. The constructicn cost of the water facilities herein concerned, exclusive 01:
neering estimated to,be JN1_NE 14
I
UND I-V EYE
s4e�rvice iines aid engi _Rf _
S�IXTY_FQU&Donor s
at the
n%+ it, at his expense,
to allow the Developer to i a
D. The L
Cjh/ agrees
time all other sanitase ler matns ir. this addition are, installed, a service
ry
line for each iot as shaven on the attached Exhibit _NIS . The estirnated
cost of these service lines is __Q-
'The City agrees to record the location of
$ _ce line ;rl respect to she corner of the
lot served. and to
teach said servi
c
retainsaiutu I I posession.
ic be installed
s& of the sanitary sewerLie
is
E, The construction cost lines and engineering, -imated to be
hereunder, exclusive of service
ODo ,
P
v'
PROJECIV f P' _ ss hard '
F. prior to allowarice of the construction contract, by Develo,r, , t1,e, Developer
aqrjees to provide a=.p{able filtc;�nol l gijafantee to the -,ity for 100 percent
01 the construction costs alongwith p �,m €�t of any Ordinance cos® .�
fetes iji.a mare apcommencing
gplic5a�bll�e.. Prion o theq��'war Of ���€City
�.i��gstr€�c��^'01, cye�r¢$[kgr �-
the C'it o the. g+J'om E;o-f`sncin of rany �§�S. rk by he it or its Sdontr C�3 to,
eve,oper a r6vs W p a to th Citta:
¢1 '' C Q 3°k fi e i i?1� o r' c E sr4 lii it at e
(1) (a) One Hundred percent ; �
}lollil es within the developrient, exclusive of engineering and survice
costs, sized to pi:�vije tater service within the c4eveliopi-hent.
(b)One hundred percent ('I00%) of tl�e �eveloper`s cost of all
approach wat.— facilities outside the limits of the deveioprneat sized to
provide water sen ice to the developnoe�;t.
!c One hundred percent (100%) of the Developer's cost of anY
approach water main tach". or watEK facility within development that is
8-inches insze for non-industrial development. and 12-inches in size for
industrial deve€oprffient.
i
(2', Ari aiditional ten percent (10%) of the total of the Developers cosi:
of these water facilities, exclusive of cost of service limes, is required fol,
design engineering if such engineering is performed by the City at thTe
Cleveloper's request. This charge will be waived if private en ir►oers
employed by the Developer and approved by the eater Department
perform the design engineering.
(3" One h;;ndred parceiit 1u0%) of tine Developer's post of all service
lines. estim tecl cinder .l-lam and I-D abase, in accordance with the
o-4:s•.F F6l�@i`�°`S G' — olee<E r2'rae�$ r,r: 0,10, k r it f'•r0-,4a
uEtsmI r is �i aeEx€ait.Ecs , rrtt a vvi =i �a we u�_
(4� A ccnstruction inspection Fee equal to two (2%) of the Developer's
actilal cost sha=e of the constrUction cosi (including all services' of the
water facilities.
a
The estimated con trt ctien cost and the distnbtdi n of such costs
be Meen tine ;:Dity and the Developer, as per paragraph I-F, for all water
facilities to be constricted hereunder is estirnated as fols its:
I'M NAME� S1,1 I'M - 2499 WATERJY�.,-,z—�
PROM C-1 EAGLE, PARKWAY
FRI 0, 1141 BE,ACHE STR15SETTO
k
I'kCILI—TIE-S-
E st i rn a, d
Developer Estimated Total
k-ost city (-,"O"It Cost
(a)mairl-sr within
0 430 S_3 1,534
(b) Mlains, Dvveloper's $
Participati011
J_2Q5 964
IT A 1-- 12,534
UCTION COST. 5-_�693411
t,3) CQNSTRUC-'T-ION
4.251 __I 20
1186 3
In--
*to be, dfdicatediby the developer.
-0 ag or City and develloper"s CO'Ae 6 f
H. wi-jen water facillifies are installed bY cOntract, histallation of water ser-,Ares
will be'ri I j-pgallafior.of meler bc-xeS 011 thu-Se
1 -cluded as part of 4he contract. ! I
q fCO'ISt:,�,"cti0P 0'arl relat'v('
ser-vqces may be dent; by the City, after, -com lefiOl P
es project site, ata est of$705135
curb and gutter work oil the w4.tP-r cl ffl- ififir be d?je d
per contraCt-installe-d set-vice, stwli ratite box insta&6011' tO n
a-
I e
the water fa6fitie$ COMMEct. h
"*
Aneeter box MA V
developer tO nri
above ch-arges do not aPP'y if the D I eleQts f
as part of t1he contract. HOwever, meter boxes rom s,,,collOrw,tzca tole City standards.
11 - a any refund's
it is understood that anr! Obfigdi D.OrA the Vert oft--be Ct-fl to make
se ration of (2'� ywxg fiom
ma flie expi J
with respect to water filcilities Shei"
the date bereof, eXCF-'Pi f'L',- refiYnds due firom "on-slie cyeehts", "Fromil Fooi R VIS
)fy (210-) "Cars
for a per, r- y
and"User Reffinda", which refuricis "vW on— nl� I , C-)
aller the date 11hef ,e0f, as de lied In City Secretary N o- i,3 Ii 35, CF A for Foil '�Vo r`0111
Allian-�e Agirpotl Phase I Water Facilities
a if-F IF NIT¢sem-
U, %f- ''?
With et �i't G4-s34,,8!kable time e aaS Sir cond.Fpletio i 1�.Pf *v-_a a,,bo e, €;��.-*rF-Fe ic$a•`a
J. aciliti S �� he constructed by contraci a;>�r(.,;:;:' �}G �h� De�Fs�loj.�er,
"aided ail conditions or City pea.rticipati n i,iav : b-o--an wet, ti"le sal
tv
agrees tcl pay the Dffveiop r the "E tairriattad Cite CUst" $et cut IPG
abow provided, however, that said r�aj��`s etn't sh iE be ca),c fated using #gee
'.
sts
actual Ce y st!' i <.t3 IS d c st l Se ib;-e Co ��'s���� ��u �9��'�'��i���� �a'
fhv� u ii"t Fo Worth City Code, saidl ay£��is�nt t€� be calculated as in 1-
. , a3t
,:ibow , bwz d n actual quantities as reflected in tr e I��� 1 astim te, -�'�
c.e Contractors by ithe Developer and on the a ctus2$ records of cosiept
y €card part" of its GUSt.0MSry pi-oc1teduEig�illfrrence in 1,9 rjeposit and the actual e1o;s' i-, ex *�ws. Ir, 434
agrees t y to the. ��i + ane ounderpa yn'b i rt which said adjustment nig"rt
indi t :: r?e''-n due, and the Cit} ag, es t� Pad t� Developer ��,
oven rayrn ret:.
K it is further agreed aand € nderstood that any additional payrnsmt required
by -)e eio t° is to cover only uL;h additional §, rork nd r mat rWs as
it ode n�= s rvj by conditions encountered duri�� cc stt 0�f
and 3 laii reit include anychange in SCOPe 041 th6 project.
RECOMM_-ENDED:
4f A F
lr.e����-
Director
Departmeni
76
-ate
La
IN
WA21 L SLL Dili- l 1Tc''
Al Develop-Ment fic shownbolollf:
Cost di er�Me fOr -,v,"ter!�lar a '
�q g g � t pP to � €��� and die U w����r
(1t4 vok-pe pays E} --0 t ih$: �lL I I �c }r E` b. ! 6.
Main greater tharl 12": Per the ttrins Of S^�r�}ate ��;����� F, o, 1, 435 dnGd
May 24, 19808).
ti
i
3
24/12 a inch Neater ain
2 1�Gg Y3 V Q�9 L..F` w a-mv am l x kr70,34' $16.37) r 37,53
l
d
t
)' vT,,V—, PER REF UrNT h
the L4" Ods dui Ss4r!
D-lwlop-er shMI Participain in the arnoun.04 5 dated June 16, 1992)
.�
the city
3
} jZg Qpfd.: .T ` lT- .OST:
37,534
a!DevelppAnca
3
212,534
a
£,t-,rT, CT FOR:
24"wft-tc-r Main
9• "
3
a G E i'4 E eR,I , R!.Et Aa U S R Bej-.rM E N S
r;c-. 1;'s,' [fla t.?2alEiar:i -v$c3 [1}:4$ 'Il �:'-•>-; '.i- 311:.31 ;-:)i1}� J`
A.
It is tared d'•t(I i!Il tSip()Ci tt
c [l;t }I: tll' �tati� 3 q eras, I)I $he do-sigh si#1
f ivi[ e;14j1Fie�'rg 1}°Ftl�f'd r.0 t?}?t
�%t Fiar 14�3r1 plat c�r'i $� :Ifica$ioj11Sg�atbt- the col struct}�}? 0f 8ii ��� �}i}� co"',--red
t f,-- F=r ragraj�r+ .E .
.)Y this �erltra i, $1��� .t %G P.�,
€,' r" :.C•1:iI lv`3; i7'#'� 'R n lfi1V � = .t i!4";.`.td�j5i€�1.i .C)
B. Ji rrl btr ; er�t estimated to C s ,
Vis I 4'+,A
f1h
'tie:Ste a
tl�;� .Cit f tract. the De–v'tSC?�te :_ipy at his .')pluodl re�C�T est _ �111Y to
pro-Ade `g i cerin s, and If S?1c$1 reque�`� i5 g,'a}l;ed, the e45' P «_��l<11
spay to the City an arl. l.#11t ecitla• tV 10 �s cent e,1��1�� 1t �;�� f??:tet cs� , f,�=G�,n�t ����
�ySLls: P:n�a4r for- such e(g1,IezI?Iug €e.rVices.
a y� ,,7
C. illnthe event thi v- D- n�a 7 yyn q 1 p ally 3{ d j
.7 'a• +�6IS• e T" V1- Wit: k � iaf F¢:C i.T-1F. y{i,t-'SISI a'.Yt �.a. ��I�.�'.,�1Ci �'T'.F �'�r''��+L43�r11��i3
Pi 3 �,1I• iU5 ail li;se 3'�}` .i
1' s r• r 3�� 1- r ' del i aviT12 $L!`.F3�ic,Y}':li ?7 J'T: ' `
gra. t `:}each
'lftll t'f of r; [ [l�[ ill's°y$ni , d t =1l1y-r$ve r 1� S 7e�.j I at.lfp#"tS €:
jr t Qis i$C ;� r 9 �i.IrlsClivt113rt. .i t is agretd an
ItV sha i Lie furnished she dee fcarina l§ate}�
ig}lCdteCat4s ?fl 1 ti e1's Slt a:lj' d3f?re4?}:1e811 Cart tsselians rrt aPG3 �;?:t3?l5�
stejnt'.. decision of the Director
`��t(�rks Depart:Inn �.s��$t�1`, illiu�r�'
�'k ater l�eplj}#311.,14# iLect J1� 1di t.e final.
�.tl a l�.f € r ' �.$ }'$ €..li1Cl€'g�t t� `d b tiie ���ef Ocs he���1Q 1113t tl'_01# 1t?-:
' w :i}ictil la,:
° oned i1�i'�'},1ca U�'k
the City, E{tl{' 1Gti all' t C'I'd ',s €nd finprov-Itch;} is 1110 lti
PL . ERFORMANCE MNIO PAY.MENU LTJ AI_,I_A_NTI'_FS
Storn, Dcam, Sj-�_e- Light and StrOet S t,`
For Street,
Non-Ass.;ssment Basis: M
-as d,�po_,zits or other sectff;!\
ment Borids,
trformarice are Pay
n3
are r-'q io be 19Unisheci by the [_)e-velop.er ',or
:kit x
acceDtable to tile G I A
-ains, street j�'ghs and street name sigyns.. Oil R
cf.q I 1,-k ticn of- -1" 1
,,treets, siorn-, d
amity orior to exec,�Uoll
qon ,Ssessmer_� nl oasis, and must be Pirmshe,01 to tile I-
Bopis,'cash deposits, of
of this contrac, Tille performance and Pa�-n'91't
of o
other security will be ia the amount ore hundreat percent N 00%) ot OW
re Q- tjje cost of the street storm drains, street
s ....... .....W;
0 a
Developer's e tinlate 1 sh
ti;,ltit s, and :street name signs.
For Paving Assessment:
or other security
Perfofmari-ce a0d Paymern Bonds, cast, deposits
Mt,
to t),, ritV are required to be finished by the Dc��Iop-U for
yY
acceotable
mated shat e
00%) )f the Develop isesti one 6ndred Percent (I
-n the pavino drainage- amd nanne s;-m
��gc of border
_wjl'ria fro. 1, hem 2,
1� �rii paving ba,'s- (Reference Section V
F-trects oil -an assessfll(
'Ia lice al'id Paymnept Bonds,
aX
nia..) Said Performa
Developme-nt Proccdur
Cash dep3c-,sits or tv must be furs shed *to tile CitY PF
to
' other secun
execuilon of this cof-traLt_
and San' Sev.,er F4-wflitics
3. I'or Water
pell,-vo-narice and i-ay.lixeFit 13 o,1-01.5 Ush dCP0S;tS Or ()'Ile' ".ci1r;`
acct;ptabI.--,- to the Cityarre reCIL-Iffedl to be ftinlished by tbe Devemper t'01 the
safl',,ary
installation of vvatc` crit
,,-lope 1 11 contract for w,iter andl
a. Wj,,e,-e the De-v I r lets tij constructio
sanitary sewer facilities, perforin
ance and PP.-yrnent Bonds, cash
_f on-- hundred Yemeni
th:er SeClurity in the arnownt
d,�pmt OF 0 cast D g
(100%) of the Dev-,�Opef'� esfimated share of The co
P ..-ontract, is required,to
cc.�_sjructioin, as stated in :die cons"ano
,"
be furnfurnishes. simultan-mus with cxwution othe
P.0
colli ract-
b. where the City ,cts the contract, Pei_0rMWIGC and Payment Bonds,
cash tienos III red percent,
a it 01 011-jer security in the amoum. of one i ndi
of tile est-Imeted share of the cost or
n rortract, is required prior
-on
,1-0, stzited in the
Ct
reler by the City.
to 'ssLiance of avvork- o
4. Type of Gwarantees
perfortmance aria Paymem Bonds: Are required for
the
a. iioh-s, and sirect molic
, q - drains, street Uzn.
uctj�r
ree�,s, storm
11c' cenditions shall at)
the fiuflow[M4 Willis Py
i 1-2
CO, -NTRACT FOR--
Sp24" Watcr Main
a c I e Par, xv it
From Beach SUce", '0
V
The bonds QH be meridard p ice am! Pa F1'
Bonds pwAded by a ii-c-ensed surciy corz-1parlY On
WHOM by Om! a= COMPaM,
2. The Bond-- will be sulb�p��rl jo the Ftneicw and approved-1 b� 01C
Chy Ammy-
1 7he penbrmance Bond- sha-111 be
payablic to t1le City and shail
pe,,.fc- r e-
of t1lle s6eet, , orm drai i, Str ek
-1,c1iork coi-tem-p-Imed undear
ght, &nd Street rlame ,&Vgjj G0115t,
this cona.Fact.
n,
4- The Payment Dond shall .moi€: PaYmlz Z f r iO4
mamcrial-% and equipmerst fiJI-nished iurt coub-lectiort Nviuh- the
greet, s-vorm drain, sireet lmlh% an-H, Sty-ev, narne, Sign,
i��cmnv-nplaieid tjj,�&r thiis contract,
5. ln Ordeu fior a surezy C-:wnp�,:ny to b-, accqpt.Ale,
the
-an ouT
-,Ire x r v
tie -.Tjd 1�he --i it f b n v At -v, by
,S� a - OL
a;ly 0-,yz� company shall net exceed -zhe an it
j-- lat co n n
iuvvn on the,Treaisw-y fisl f6f tf Cr Pa Y.
b. (_-'ash 11"'ejX-Sits: lk cash depQS4 AN We ac.-emable %Y-ah -ificatio"
thal an amm"pt to a bwd has been denv,-:-d, such, ea,-POsil 51'a'M
Y offlie- C4 -�f Fan wunk The ChY td 111
pe made is) this 'r, swt y ti;i
wo.r6y Will no-4 pay iviiM'Fest On wnSuch Cash Jinpoz-_4
C Othersexkn�ity-
v , v e,
We
The Pled vvill. be sui�jcct 'zo I.-e M,iev af n
appy�-Ivai,Ly We Wy Anowny.
TIC Ned- Securities be pa-yable to the 0q,and, --Ball
g."t'.2rame-a perform of ijje -�Antte� nd mnitary sev,,f.r
stof-al wl, wev, h-
grit, and
Sip cousf,rurtvar,,comemplatt"i wmder co,rnurav-
3, The Pled gM Secm-ifitus Sharl 9-UaT'Or--fCt DZY'm-m'- Ry all
jabeq nUUQ4 a&' etqmirmei-A fhrnii�11Pd in W&MISSROMID Mat,
the waater and sfuihaq Selvex sstmef, Stowin drain,
-q-vet name Sig-B-1 construxalca-i co-me-Inplaied
sircef ligh", Rr,4 Stu
Purpose, Tenn mvj 'Renewad OfGlqeummees
Peeor-mance. and pymmW boTVJ-,, iuksh deeposas o r 01111)er szecurioy
f-
j,-jL, �:- f
., jl�fed, hereumder shaR be Of the purnos, S 0,
sat,, with .dl requirem--rus,
sf'ar,to-,y carnplian-ce by4h-, Devef--Pter
terms and con.ditioris 91"This ikarceukent, including, but nol fimile
, d
;sf
vwppQ6 of thz apfover
hoka, and the mking of' --paynn'-Ints tc) any P-s'sona Sm,
CONTRACY FOR
SR 170--24" Wit-ur PORm
F Cal to Eagle EVA may
Y r X
6
mLn3Ge4n> if' o$?e': es :ejbr:[ d-la wwr. Fh("- 1eof qp c: lziar
�4 Cd Ef4%i
• Y
ilts u iltc `i<€3 ;CS ti{ for flte isi?,rfD" mt-t- €ce o7 vark hter¢'.iinde. E'
I Developer shall keep said pe-f- Crm-ati .Q,. ared Pfi-Y en-, bond's, 4- I
i�_
GRpostorGt�cr WW``', in EuH l'b 31)d effect uv',il sLt•:13 time
DeveS t6;p r has full-{ con-ipli d `=x'ifln 0-e- terrin5 sts con-I3€iot s of t=ilS
{� drib r ary k" sane 3�`r`lroe +a;irM # Gl shall
Agwy n t, and s., u� o �._ •�
constautte a dela. t -6,ind bre -ch of !his r a.�?a 7`?enn—
(V
R
E��i� Agymn(nt any W awed (in WS or in Pan with r€;Spect to wny of tile
t,
x y r. t� `` FF �{ xA ', k 4 the
{'a'4 si v' With-out file TAsdt-o;"a c'Vst`ent :?1 a W
rCe�'��F`v��4.k 4��Y��{�..i.4 EA��$�;�L %r €_#k:: -.� C �� r'_ _ 'i
f ,.rt
die ,s f �' et Person r # 1€ £47?s' gg;rees s`i $3 s 3 €iat�i >rY'4 Gi n;
€ 4'aat:n r r I-> s cue u tea t jItr. �< the S z 3 'i r -
�D.�,� el::''cL 7. `� s��t���.�=i iP�'Y.�M �3.e - ..5:�� t.�} 4 �t� ,� .�: �;. .`��.si, E�ve€.i ���-�e �� jl x��ln ##aa
b'€'.'.s"�kund r, to filrn€ish $'±fie Se'-ifsiy in the `T^FSTi'i7 r�1� dti�t3 hepe-ane.:j to pipm, Itee g a fi
-per ornian ;i ndei' this s§€� '�"'a ,t€ - znj � e fir;wnd ;may all a�aa3�. and
i£rN`,s cam'..1i, s.' i iia<R; i.i s ';�S'}f
;.�c h°a&-X `3c-gtne i.+.:{ the De,,`�S'�T'loper shall �"nt�i-i�a,�..'sf� 1� Kt�
�.aNk to tl w ily Ar AI the VwRMn2QRc�{3m". any d€`. o dbfig t:{:�s of th-c I,---kD C�r
9
that arose or a rued pTior to such asis, mntt v, rW (.i) arky damages sufl cd or
s { e �f Wken �, .tomin--i,x'pd) flha I`es h dire-tly
:�Y�eF.E,''-�Fed b i Cit r`�=t'�.ardfl ss 09r sir-en � z'�.C1. i 3 y
Y �y9 �t frF a�yy act r a'mission
oy r � � -e a8" pjr, " that
x;,?--T '�C r d�`�.` .f ..
L,F` �_73..69$'4rYr.. F�S�; C5€F� �� Liyc'�bS r�i�4'.3[! 7b*� 0.1��i�g � T3+F4�4?l+j F 6� t. -0- 'r M 3 5�.,. �a°Y'ti i Llt ,y jll
Ff'•5 4' �di ?.cs 83 $%;rS gyp;", `le-''53zi_aav3 t 1,{h s,Z''��, ,�{'ti�..7.in A-`a sem,-°iT lids�. k he c,F
fr. e. c.,
1i a `s'si>''�€ew. o the De; ?r t the €� ame3cu' a w €tten �eaF The
;€C
5zea€;
f
ter#+e.. a"iiyn, the ryFEk,Xim5 FOSnL,r2At +&t��e�,,"Y��3S,�., �BAr_ 8 vel y,,#i.�13� C' '�^�5 Sr
€ ���d =�i_:` o�5 t. y become�{ * Sr_¢3_�Yu to?�:'e��De,{�-.vd,���e:+�( 1 efe.yy�{ai�er,�q rev-i#;`��bs,]u'?jip�iT �§
t•PY'�[niad refunds are pt iiriitted Pie a"�.�i�'SP'ee Sall kiGi iel an �isty, iFAsiil�.' �'{s "v
FFEE �_`e fie- Cit f"� ult 3Ft Y S1 di ° �" Y 1111C 6-- 2 y �
Si���r Y��pzcg3�.e�t�City $�4.t_ei �l ,ktir�'t i �����9�tr��'i�as. ki �-,i �i F��., �,e,.� "�r� ��E��,,c.: i.�� .
Smu n s� €,I,€YczV-e�?-�&7 that
r `e rre`- � tar 'r ha: s ^f h,y
a��a��+ -s� �:ut ���:•�� '.� � m ��i �"t_ �,ivas. i�� $,: �� �.��se43. $,.c,'
iar i' 5t ra.=u igAn e-i�l� Im-rc--�'r�Ydr-r- Tat v,�-1- p s a"{:_le not a'sta a'A� '� duty, �
He 'to the Cily res0kin g, diremy of�:°s"a�'a� t�"_ ftq;'"aA the dui or t.`",-' h,�_-'lion*or
�, theiNv
_ �j
AW here, er,
y s` S. fi aTi € i , a"a�[' € gm t E `r,a € & i s :3 l awards rs `s;i a
_ 1a;;mow cit' pax-fiic•7 Ates a5. ie-ova YOX lite Ar 1*-.kiv4z, t.h-,;constn.ction a,;gr cl r.
Must ,- w#-tis'� awl cam:r rif iii �i�nss v� �. 3��,� �.des rr y
mescv im the recui:ernmas for tits:Win A t r:.Tr$wia srX;,the
01 pKi_.:� ,�s0-0k. 'i'hss 'fn'.',u}aL's adt-f.�i`,zlng 3n ei .k?ciix r'rvSp-VL:r at zf'_2•-moi
4 a [? t 5 ilia! nows uj-y-', s t S,E s3;?a� 'm9I ,a ;# fi csAk*3 �3i'
_ Li' }.'<r-� •$ � i �s8`sts.:� ti�a F a id t.L�r i"1'w X,;t�$,±.7� Thc,
x
� a
-lyce of
he MY
at or in an Wce c1the CNIS
2. € 3 i..' d4 3�3zYi.i�r e x8 a..=€.i 9 `art $ `v= is a p-,prc,v�,d Ijy to=€. Direii.�it of
the DCR-rpi.S' rtilfiea ha'€.ltg iuds6ecti n ov.-fX, the, ¢a4`lifi.y to lac; �D Y,-OnstrwclFi.d,
r.a4 c iztl4.L �t ?"L a3i 'i `§ :?*rS P a.31r e-'nems t,�3 weil ii34 _ �� . °!ceased -and, J��
An-
t adcd to do -work in D'ubfir s¢rn-cls, aPld qi7ali4iect in all relspe,'Es to bi-d 0a
t t r y.cc�s oa��i.s, nada"�?a •a ,
144
coNIRACT FOR:
.mit'! 170 F 24- gre1aw€A&A,
}
k
3h to t� am,
To rephre the Contractor to Je City p�
and the Dcv�YIcPcr fOr WIC
%dair-tenzacc Bonds in the naumes of the City
id B d,
ilii pewent (NOTY of the c0lqfract PFice- of "Ile 'acility, sa on S to
t
1A
e furnished, beerc vvo�K is c_o
i
mmmanccd. Dcv(,!,,pei hy.
at , -m- FvQH al
he Contracior to pro-vide Pu,,�,jjc. jjsjbflifty insuirance in the miiouT S
by t�e City's specificcz,lions Covering that nardawar wurk.
To gjvcc fio.-,y-eigh, (43) hours po6ce to oie eve-paament baviiig juris_64;60fl�
of jn-�tew, to convneacc con5tnuction cat the lacihty So that (TY WSPUlf',
ontractor to aflow flic,
be z b -�, anfd to mquife The Cc
perS-cv.4w,1 vvill wailaink, 11 ti'mes by City
constaw-6jon to be t any and a
an
drain. or
66-rces, ar n0i to ,zall any safn.Kar�v sov ST -m
warer pipe unle4:s h- resqpo-nSibie City inspector is presew aN
m. make Such, 11.,�,�bcwawry- tests of
used as mnay be reqfuimcd by Ac CAY.
-vaj by3 F Ine,
:�-f any and ialtl par-,W and 6=1 tj,�, (4n3immor 55d app
- vmf% - - j ol'ihi grf�,��mcn1
-,�H be sW6mm to and W aoccordanze r�;jljjj A�
grid is 4-5ol toconri6ww approvd� cal- the q-1annut�S -c); -whicah payjixn, J�
based.
'er ; -
rv-ice. lines. or,,�ewp_v and wa, mains
6. To dleLni coin
*I mains and
vion smer and waier
000SWIVId under this maw
Service fines been complcu:d the safl-fihctkm ar fa
pzr and CUy of
T it j:j undu= bw ami bamween We UWAM
Fc_q Worth, w that ,n immapmE Mcis to maid we 0,91c:
comqructiol coramm R)r any �wwvwenrwec by this corafact- 5aid
coratract '-shwil Lie SepapIte.p in
jjj�p_ bkklmg, and Ca aw",
-f partic p t
rab nado., bid-, ax v,
jab be linnim-ci to the bawest powskle co if c �h of
cy�.,e_jAg-ye?t.-tvardcd as, separmt-e contracts.
=T-Aly NOW a reapirem,011ti mjj-�j -Ig iprrwernws selftwll i 'Elis
-Irafio
'i fial-YR2 M -SORA f- I, COU ,
r-ecwgent, imhtd nzig, bim nox d . any rer, HM - PC 1L I ion;14
Mhy mwj3 smixim, the oevelopsi has a dkv, cmmmmmi rc a -
of 10 pea RI of dhw woek hemmidler.
A&w,,gpgjRq,_o gie commy helvin nolvAthsaanding, A-br ani-d in cansid
I - Devtioper cuvtm�trvs and,
tl
Fmonlises awl thm i.vi ihzerein ma'de by 0,,�City
agree
h g -d' Mc r
L The Developer !ffimdl matke st,,Faj,-,e d repi to vkr� f alldio
1Amww,11), sgiarm f3nwVaLe strect v S and so-ml
Savi4
i i 0 1�i� 4-.- hx-miv, AWN be r, -n
-,,whcvh:,-F 1he vicai Icrfon;xJ bY
U s: C 0 n a
j
bccircDevciopcT%, tivro 9,4 il
Qyor kne its Coviracaar. 0 .y. I
ar -f iverad Lo Chy M
Bach senarauc election st-j- -4
e q be merle ip. mifing, _d d
�
s 5s3 th x- vo
66) ir Ifts pTior vi the of thas agg_,errmnt. in tht n siirt,
1. .4 -on Yin R
,vc,yr, arry e,-f suc,11 Sep v. tio-ggz J�a. m� � be mele L ad dO
City lyj Such 'ime, it ShaN be ciamc.;k1s
jv,�sly pTt L, -ad "n A h Dev4OPer hn
H-5
(000T.--RACT FOR- pot
SH 1-70-14- MW
From D=d
P
R,
zF
elected that swl-., 1,
the temls of this Agreement. and in pailiw4ar ParISOMP11 -114 hermf
2. irrespenve ora 1;° suc,.,, eic-c-tion and whather idliv -work- is 10 he, penbr-me
cm-nor
- - by tht, Dewdoper thrmigh A
by its COMM
by t�w. C:ity, w
cor"'ractor! tile DUMOPer ewmants and agrees W delivelo the City !a
Perfolmance- and Payment guar-esitee in accordaR'ce with thprog%',worzs: CA
Paragraph -11-11-F of flamis Agreement.
J. Jr, adidition io the- guaramee required in the pre-ceding Twagraigh, in the
evain Devlover e4ccls Olat the woi-k bzz by, -he- Cilly nor b.'y the
Y
ChVS (100traclor, of Such eiecxioa is presunmed as provided- above, tfic
i. bper c�,- - ws and qgew to pay t a%Cky the DeMopees shavL,,oi'
Dove! vena
the eshmed construc-dom'. Costs, The ai-inoun! of saach -,sihnated pay-a-icnI
x'21 r cannputed as :moi out in Am% 11 nerek)fi'l)-on tile
respoosive bid ful such work, as deternni it-d bw,, Oiiy-, lo-r u O-n
f -ce�,
v",*,til w lbe perOmM by ch- of
ire subju�c.�- to, adjusilnw'l 10 actual, ims UP.1 smi
f. and Shall
col-m3' of me suilect work- Smch estimaled' pay shod! be, ag-eade
p;et i Orat
- -
Prom"Ptly-upor, da:am-md by City_ 4 boiTm understood Orat such
be gla aflDr fly r
e rec�e-jpz of bli&s lbrAwask. but in every m9c pro. to Of
ar_4 -wisc' '&pecifi�-�adlly set Ou"
,
of Wpy Mess
4- In the evw e Davi ak�!ards hown nstmvion --ontracts, thl.,
eh
D 'oper ' 'if, cey 'jams and agreas to, mid by ihese ix-me?Ms do-e-s
ere_ wu
Do erlid
jf�, aholdharmles -a d6 the IIS OUMMUS,
foyp - --- actian
gge-nts, and e"n I -es frorn all 'cl-aimi, "wits, or causes
-Ied�bm zr 0 accurul-P. 0
q-,at.tjre, vy
Washur rl�M or assm -ug Me fat m f
arif irgyries or dWj!UqPTS R3 PeTSODS E-I.-'r propeyly, indtmiiirg death, rzsauftirig
5 frwi , one in any way co-me ed '-xv-4h, th'is agrecl;lemt'G-1, tile mastmcdo;--j of
the J-1-ZIP-rovel-nepts Or hwilitie,-, dr,;-RxA Zn ;-n vaddificm, t1w
4, R - . A
e
Developer cownants to indern-nil5y-, hold - mr-"aessemd deipr,6 ly
-O;T.l and aga!".I-s�a' afl-01'ahl , Suits, 0- causcs:
Icers, agews, and ernployees fi
-'V'Wnsoe"�'er bfeu'g;hl fbi, ar O'n zacx�'Imm -0f, any
of''action of ar". mniwie
r.
in;wries ar eAsruages to persoms or P�-rzqertly' iixA'V.d!'dig deal, ZVOIQ ACM-3
jjly failuf-e jo- proper!v s:a,'fe-g.u&rd the -kyork o4- CO acce-un.." 06" any acl..
imemianat, of or rmscon'eh'ICA Oloper, iis
levdlop.'F Cr -r;cc,. ire jh- mc- h A
obhgazzio I
res of 11w 1, P img, -in i I 'i s VA
apply to,anoy iqiub'es or t h-al rer-U:' e043: act 01 mnss.ikmn
-tin w
Or.�P-un es t- 1daj �1'�4-
after tile fkihiies whien imWed in such i%m o
pie*
ard acce-mcd by fhe Gt�
y- r . ilej
, pi -J.. I -
AZ be dwemncd no refiev"a 1he Dle'ir�eqloper or its enginvev From flh'-'
s'e' iC.' h this aqyceww-eit -with 'a -T if) eng
its eng ifeer.
plans, and i3: ti
caons prepamd bby Dev'--iopcr gir on
Dlevi:'Ioper cove-nams and agerees IhAr A disaminates aqvAst no WAVIdual
n ---e. No, 7278
ink-01v emnploy—mcw 1�,s prr-�ifiZ)iti�d by the terrm� of Ordipan"
(as aimmkied by O-mffiaan-m Nlb. 774-D".)), an ordi-nance
Ae -jeq
dised-mir;miam, in eaml tjv -4* tm*
vwsp� of cr d -, o
ra. ce' j of, tL col f
r0igias igi 'fmplbriliqgm� emofpq�e -Amssexon, nfimaornxug ' -4Vr
CCWTRACTFOR:
at' 1.fit!' 24"' VVcewr Niaw
lirma B�Ich su%c'�� to Eagle I'jAr-N fly
sfi
.-j rj a-
covelmi-as and agmes dud no jor organkWon.
to Such
furrii-ShUH-1.q. U' re—l"'Kng appWaIns
Lieveloper, ncr any agent of Developef is Gi'ScdnQa1W9 agahmi an'
I
imdkAdhlal inveol-kring nip'aymcil" is pnahibhed by the lenns of SM11
n-yed by 00nance No. 74M).
"No- '7278 (as zi.f
c'a t io,
The aumim, Exhibit-,; Appe,-,dic-es. "A5 . A anid
pr,art R,r Rintcrits aand purpose
xj�,ej-jr.ie of awy, action brou.-gM hereiauk- Shall bmc in Fon W03—JI, Danton. C-ounvy"
Txav
G-COT,
-qj,,�jjities," as adopt by 1%
'em ad
cay co n6i on 01-ctober 1, 199(k is 1wreln-., AicorporaVm het , by referencz a
-D-c I — -ff%_T0j Am Wid F%Hcy as a AM= of did
cow-wams and" -, mes: tJ V,-
-t n col'Ififian.to the pftlin.g,al Me Off, 4
T.
cowr?w , anc
L City avmds ths- wma"'Au'Lakan conm a for Bny ImprWyennatn'It S
RI v - c---em Ih-
sh- il be Weval of AM-
wv��rcd 1hy vil-is at,
':4rec.a-'tn.n, the DL
1. flais wzreeli'mint that relate To or wisc� in
ationf, 4ad lmbifzafi��s ar-SIT" Immer
PIT ;Zvv-ifies. dhot ckher ai1-'e city or its cram-nactior pedamaj Irews!
ided how-ey 1'
Wig
rols, or Is W-hevviie prov
To
,f, i
co,
berein sfiaffl he deemed. 'ko 4�-e'b
v-c t1w Dvvdw Or its elq_!O'K�ell m the uh&Oans
sifam-, I al"3 and
uveefin die
fib-nh in thms ymmum w1h 1 'pec
by IN: Developm-of k�;ent-;6twer
In ihr� 'aa.gthc. Dew-Jusl-ecl- faiis to peliarm
and-el this
x wazq
che cit� S soic hild exc-pWsive rernedy MMA be to , 'nal _w 3'mc D-l"
fig'at i_wns and P,o aw-am a coreuract .0 col-n.piete such oWigatioriss
zidixm SuOs
Lei t` 'Irc 'r "ay
ray rewn, 's fjv�c: to
A city shal'i n-of be obfi" ato-1 :0 umtkc
agi 'Em M-.w a c
agrew-veu
nt rAll pro,6�sif_Ms-uf 3.h,, Te
&6114ieg con
On
Aidffiflled.. such wAion by the chy not alffleci 11-k! City"s, 0-1118-afi P Y ,
.0 in-teux A. Nh�Wlh vhail suc*1 awtion, by th;e' Cv,"'
-et tonh on App
M
alffiec;y zhe iyb-SSv LM ( , Lion, to pay jux arm—unt by wi-tich 'Ohe 101al aclual
all imp-Tweem.encs Sol loath sm
The e '€i! #n 6'" 5el
ti'; P,
-d th, r- -?5
cxctt e r v;_ � - W Tn
in dis pwag"Yh V N_ sihavi VMA pvrennwld the City fro-fn wirimb!dldlmg W.16ing
x -W;
swch failarms W in We ml a. recmd-s caf Ithe qppr 1T 11
7,.-r, j, Idan wider Unis
yip niv) L-1 flNe eve"m the Devukmcfs fWart'- ns - ,
the cily's
agrezmeret also co-asstilnzw a by Deveniope-F "``rCyomrAy with
-lid npance' as nail exAle-d ftomn Iii t QU
')-,.1TRACT FQI�
to 2 4-INWer Nffihm
r o F-a,:k i
A
R� M�- 4 a' .�-Y3' .rl. - s. �.f'' xt r` .:� Y -:�J y� 'F ✓ r!�`-x Yid ' �. .. ,r 'r' .�_,.]' h_'eft -rte. r`v X _
ten '
: IONY TKREOF' till City of Fon WOru ts110 De
fr, its lvaim and tip, [ ver' i#5
€te # by 1#5 �St�
etc- corvor�m � of tee.: City ;afx-ed, �.�d i� De-NI-10- p I��s executed fi�-
instrument�r.quads micr te' WtF�s# 's?S t�t, Texas s�is flits t �J<Y „P P Y�� -
A @ ST: .3'3 ;j y 4 a
€
v
CA
_�sr_ ':�4✓'-a _ F+u'r'n $:,
e C`ht ch ' t 'u fi r,
�.t
#rti
itPgPASF4
-Paxes::
-,�€s�i.'aJ°�'3_'X. ��kO ER.k YC :
i-
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al
yy C
' Ea'T h � ?
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L ]
4 yvLm�„ - ��.• .a�_ ,.. �,. :.... :. _...,. .., ._. _- ... ._._.....:_ 7/ds'a'+is�iSsiimi wl.€..._....w._,..,..._..—.,.s._wsay�....�.�.a,3.,
b
Liz_ z vGd `Bills, �.USIP 1;o.`1279•-�.z�S , Pviazi.:ring �,6/2-1 ,96, ?31 tb?V[S3 os.m C}. "1CIj,}Ik
yS
tt t.
ON -F�r�
uu
F v-r
r�1�
`
-g�.�''W
jS r
C'.j
ZF 170 24,'WATER MrI�nNv��r+trsuum�xear � �f...
�F
&N1,$aS'u'-S ri 4Va3✓'A O`+ki'CT COST 1. Si`'-L�,*atl'"[-i n d. suvuwe.��,b
�x• ��
5
}
S 693%'301, S 2'12,534MI
m 5S,
�3 b� 4,2`53,
at RiC 9FE Ip ";Ix fee(2211,* i'
L Nkz�b'«'far Street imp—mv "mere � v
r��3'YIts�7'sk�r1�C33#
haverfi+{i.T'i'p(XJ;in
p k�
SK-xv Lights
3"
3g q ;� �7�} IRIS
� L I.rII a rte, 7!":i`E�'t �Ti3'2�4 3'u �A2'i���t4-� L9 �.k 9"#/6 F f-u�. ?i/iyir5 i-17
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egtlie
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��..+-�.._.'`' .�S ..•y. - �es;��"��•m.�•mis'� r��Se9':��,t fa,'-,gid. � .
'Jti'! 'i.t.i�J f
i
ti
s
k� i-..._�'•-`; , het .i v. t"'.� '-'^..t 1
aF '��s�.���x`'-4�,;�/r ._ ,,. � �,:5.4*�''., 'S r4£..., .. .- � ;�-,... -'i=- :. ... '� ,. - ice` -...'✓ 'c��x. �rx�.�'+ �.?:��
}fl9Ar
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•"'."'
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_
.�x�tmrsrr ''"'-- -- .nsn�srdew.mm�msw..v»mjew:uss.•+�wecw:a.anmdme'.n....-.....:..�_ e,.,,aa,.amarsaA.l��nty-ww aaam• eert:+�.xaR:esi _.. M--_•,.•<.v ''�
.rs!^ •..;F
iii' �y. ,7•:1
{
PLE,DGE AGPKEEIRIENIF
TPJ- .S PLEDGE AGREJEIMF�-Tv-,T I'd 'Pledge Agmemeint"):, earlered inw ass of'
Ile.
1996 by and among Hillhvood Property Company "'Devdopwc`) th
d
'qty of F t Worth, Tvw� a municip-1, Mr-porl'i'llon of Tar-ramt County, Texas (`Fw! lhforCh") imr,
NaflamBank of Tema, NA, a ri-aGanal banking- ass*ciation "NIA6wisBank").
VV I T N E S S -1,3 T U.-
01,
WHEI�Sj If'-eveloper vm-d IF'Ort, Wonffi Ilave ernered Mao a Con vy FacMuci
Ag.rt:emes,it I-or '!H 17 0- 24" Waae-r Main; Fon Wonk Texaq kfthe "CF- A".), aad
WHEREAS, the CFA. -pro-A-ide's. that Deveiover sh. all subco' e- IF-W Womh pt�rformna-=,-
alld Payment bomis� Cerfl.ficales of dcposit, "iff0vocable, I'mier-s of-Cn ,dit, cash cieposits Or oitiltr
Sevurity to ahe 101Y (CO- Ille, }Ively, Ow "Imended Seciraw") for the purpose OT
guara I _R - --
sm-dog,Saaaactory Comphame ty D'evek-liper-with afl requifene-uts, terms, A-r4 ris 0 f
the Osevcjwred Obfigg-fion-s 1;--and
d (-FAk icufftmiwtv,
WHEREAS, Deve-lo-per wziAl Fon "NI'mth, UMISWIC�l ggml agwee- rhat Developer be Alllmwm- to
pltdgt� SmurWm-s (as define.n btiww) to Fma Worth., v3 the twid by -NaflausBatak as-e-wrow
sure
-Izy
M hweu- Of aw- im Own " & f
plew -of rjie obe yw�omn to submif the Intended Sew 4, to ea
tl,,c per-f-o-mewce C&the Sew-red Obrwadons,
7r
Z
f tile pM
TLW Ear ard C jrj
opthex V.-,od am' mludWle considea-matimi:, the rwc4pt, amid --a,6!mmacy of v"'I'lich a3r�
ackvia and oad&w Me pades ImW-revo haeby agre-e as xfORCR&TS:
:F
jJN umms.
Fepr a , f z1hy: PhAdigie A ,smotho �- -o5 gv,,.a
an
egaTe'NUMAet vml e of am", less timiza. SRI. 44—Cij, wlhii.--h Suam Few ts 100 pmlteat
mew 91,01 w e-brAfIv.
k*tht ..x[52:TA- Th Develor-se'T", slwe� Of lhh,.�-�txail TY''-s caf k7-cpsov� n s - I -r
hn the Tsdrimed Devellope-ili 0-m-C'.
Shall Im"i a swey Helk S"WO-.-VY iffl-z-,M YR, dhar vIN, fim, vlvdge;
condrsimwd ialm or other mid4r; neteration -n,-%,Rnqg;emev,, ow av:v rpubmr, Imerest in prm- wrty
-
desigped to Sev--wre thit mpaymllellig. Of- -Unf-d- elff maid- oT sq
vaw the Drwe, as Caf wnv ehai--� ow' on su-mb drx ftom a
%mmue. agood to by the Panic$ m the rnow Imem dashwg W
TiOP-a otnaam".1,10 f-4--mal mu a Scou"rCe., worflld-43 irstenst. Tile peflies Upec In
mtkm) Ily
he Lhni�ccl Slates lh-av:,111
"Sccurqies" shall Inean. W secur t es Lhat bllgj--01"s al I
to matul-;ty 0"not more tham -V
Y M-eimy (20) years and 1'b) it bonds h-qvin�4 a mauori'...1
of"not rnoie than tw-emy (20) -years which are appraved by Fon Worth allcll Hac: rate"A
"AAA" b�v Nfloady's ;or by Stpundard &. Poor'S.
SE'le- off; -, PLEDGE
T1
As security for the fifli and pulmcrual pe-rfic�,jmp -he Secur Obligation&, D-
mce at
to F%art 'Nowth, and era:,,y grailts
hxreby -pled--ps, ky-Pothx�Cao-es, asfibxvis, mapsrcrsxand sm
t✓ 1 1 1 n � .
ftf Fort worill, a secuiit-y irae-jest irl, 11fle 'MiliVE `Se!�Urhy and all iivl ts an-d 1)
Ir
L} fl-.�� tjie 3 - S� "ere-st Income
terest incan.,: to u-Jerived therre .0m. wh-h
reraibut-ed by NafionsBatak, if-, aczor-dance
SMIN -am, the Propz-my f oDevel per and sl4fla -,,e lei=-i`
I , edch Is- -Se -uvlt� -r as perrmiazed
'opt, -iodi i I -u -as them':"{'r with Dnval -s per -, -p-sta-maton (ali -tifial ec substit, H I '13�Fe
4ereAs-nder and other property 2-lyd" Fights des%cflbed a-r-- c0flec-twely ZaWed lh- `P --ged
wi
W 't
'FG - itic
HKIIE AN'D TO e Pledgedi Coflateral, ta,'�'-ed -t,- -h W 11:s� t
t
miter ts� pd 4%g-es,. and PMbricmiccs to or iacidental 1-bereto, U1110 F0,
-n-:-13 r - - 111-he
j-ns cc>vermanm and cmdi t is here-in-after set forth,
su 1101.vevel, to the tat
umantez ama ubc assignmews -made hereunew.- are made ws securihqv on --rad shah rn
any oblization
AsBaA to, ar Inns&r or i-P. a-11-Y wP.-Y IffeC, OF MdUY,
RAJi—ea T.Fan NIN"Orth.0i Natior
of Devellop,-wit-h rP3 IIT O 81-W the Pim-Aged Collateral of an-y-1 hw-olVmig orgpv1qg
file then .
SECIT10N J
corfcjarrewv-mvkh the execution of thies:-TxAge- Agreevlwz, Developer ShA
&aa!i-ked Naimsoapk- 'em ii-a-st-nam-nus. rearesentin.9 01- eviciell,61V the
to are, Z)ayC)
Th "N '4, - --ill- e requin-Ad to
the
- b
I m! f,-Om oflze:r:,vaurifites hehd in uIr-Q.T. by 314-ationi-Bauk-flor DeWvpar
a a wk i-c udflh-the aufwWprall-imes .i spurn shall mumon W-I W.-fific
or 1wrwaraeults evid-fewdl.�g- fl!e. pledg-,A CoWea rem,ah.ing in its prmegsion- to
Devcft eq TeqL-,.SA Of dirt) k-m-n-me x AY. after
-ed oblip-a-dians have b wer,fiffly W-ftbrame-&
Ple4iScii CoRacral, NationsBzA sha-P,
E ackuovAeds- -Yas sigaed by a lzu4i
andro liat such.; wHaTera, fwis
wledg
rj
AND 'Am
A'M--tik 4. M-E, ATION
M6—
,n; m Fo n Wbab and 14afionsBank t1w
De-veloper does kw- akar t ff4 Warla
(a) Tltv-- PIPPF1-0-d C0H-W1cj-&1, -is free r daemr of WHI Ue-n-s crxtpt those cf,-atc 5".Av -�,-fifts
oper '41 the ovumvr v's, the r , A of GD has 01311, 6-led h1e
-
lie r"nmer
U1. Pledged CrOmmi in
tanusem W,�,me:r ofthe Ned, ,CcAaae-T-si
Varemr. a.r 2s thas-ledge Agpme-orwn
DrNweopr has lav autlmwq"ty to rdedoe the Plmkiged Culftva-i.,mal P-a fine
gdt-
(d) rjo cojjsr.mt o-r 4pproval of any governmenla! body oz- re�t,7,vulalor-" aUU110rity is
necessaly to th., Validay of the rig,
the execution, delivcl�y ajid crxiSup.-rjjatjcI, of th.-is I'ledg . - &, t 0
violate an), law, regulation, im.trunment - -1,
apspjjca,,)je Eo or toinding on De%,eloper; and
W this Pledge Agwccme�nt has been duly autheanz�,d, executed ak delkwA by
Developer and co-iWt-itulk-ts, a If-,gall valid; sand binding Obliggation of D' evc-1101mr
ity rI
in wordance WWII itto-S nALS &XV as CORNIXOM a-y 6e hinited, by a-pplicable
bankruptcy'. inso-Im -inorwcmurn, of Other V.-raillar lm ws affleciding Creditors' figints,
lit-
amcural prmciples of Quity.
pneraply and exrue-pt as enfowce-ibil y may y be Ii
'The dc6NTqy at any t t;y Developer to 14afit-M-SBaPflk br the benefif of Foll, VY611b 0-f
d 18 10le Ple dsZm C6111-azere,I shall CaRgilute a reipresautaxion
mm
"mmme-ras, -,a&;l m 0-thez items evidenci
and, warrarucy by Developer thalwifla resipect to such Yledged -wiateral, the rnatters her M- fibric
f
warraws! in luclamusx-'s (A) d1hrough (f _rdnedilte�:f ,v,� tme and
"agis ine,j1pyl, 1JR:&W of such delivery.
SEciriam vs. cl mumn
2 DE YzA
(pa) Aftim.afive CONT-em SID 1011 xi IAY
OvAraws and,sauces 11al DrAhops-17wAll,
I -h suc-111 a4sipmmt-s,
:fimae excuute aum! 601VT tuo Yom W-or-,
sup�spleniental mmAQ11 its! caher Wms am! firs Ot1w mus cw tie,
f Ot INTO mwy request %R order to mW or MA PY&M the maway
Win of f kul UnA ul At FrImalps."11 03%wk
f04T)fim-A.?h-Pon Womb will Of WinlaWn MCI Art lWaKh way lwsonabily re-quena
nteawa tmem 1; a m d
CiR-11, nemi.fy BnA IN04-1h Off ar4elaim, ac-ficna, wa I-Trwomeding aiffeclins tikdw to the
V.-Itoged 6p, ar F�jwtl*4;� SAWYY AM Vie-ma 111--parreLm
-Newa,-.�ve C-Over."amm So,too as agy Min -mrive-al Ckfir-
%,konsi
4PMS 3 ar
'PN Ar- ,I .-I aWrApi OR
At smign or uarn-V any ji"phats iurf E-teme c-ppe�,,in.No 100>1 WAKey1j;CIONT
INI 1"t t1m, pIkAg'C"d Q�fle W1, W, awi part dhcreaf- ar pm7mi-I ii-m
to gny Liai cxokp4 tilt; Ww
created in Wer of pa!WON-
PRI
DOW Was! DowQxx MR be,enakked to T-c-cemy, M- am, 'a id
"Ah Ma t lo. the- pied'aff-I CL&fte ane'd any 47xv-d
; v ZI-
wfawde Cut,, Or with, im-qpavi to the Q1, if a 13tp, gap haw mmumed and Ibure
COMAKUP! any Numury payablle on the Pledged (AWITal, and ww a-, adocWhIer
4"istrib'u-jucam nwade on� o-g- wrizu'h, reskt-c4ci to be And WIN
i
i
i. .
I'led-ed Coii�3te-ra1 and shiffl tit, held !32 trust fOl' els Worth. ;..�_ t.r l� shall, have
1 '} �•y} }y P p (� y���{r�t{...x ,•./per 5} Ay-n ♦f {- �{ p �y l I 2T i yt '1
lime rlg.I�'i't, duriiI3g the c-an+ti2iMEAnce o a/ llv Dv9d'1IL. Lei d',rccr NaticmnsBank to noel y and i3�ci�y �)F Y'v +:
a 3 jig: issuer of the Pledged Collateral >-3 make F .
�:atE�rt9� �i.�s`. sl.�jj have tf�n rs;,�t �� ��ti . �r�d:re�t, ,
' = ..
all ;�1i)'f11 t1.s wid distribb .fags �jlecdy to Na.=isBan � fo cY tri;I�,st r For, t f r ; Thu i s': z
4r t?t s-,g dg d Collav�rai mak s1 l a rb e ::.s _ ._,kr; 3 tom shall big fierily proxec cid in
xel inn, on the f-Ate.q notices from'1Zat'iar,5Ba,-_
i
Developer shall he i4i default' u fides this P! Agree, m, wily Lipon The haPP4 11ir'kg- 'nf airl
t ti ;kv� m the -fim;1y payMeDA ur of01--Z fig.ations alter `71-jtlten
e: i3G tk "+ { €ia35ai1 3 aTid f ' zwsSf�? u .'£s
wilhie-t -ve day%after&U61 awxi 4;
c--r m-pr ei:ZY%�tatkbo$ 3.�6ade W, s"or- �-�o di by ��Y.va',-)pei' i;-� Nt'14441,cl c7.l with pttv�4d
d'-s Piede Mgmearmn Af ve-S W -WA,,be;-M false in any material resp ct when.m+adel or
_ ...�
p,¢1 f yWz� , Lip-11 the
�0=11,g�M,��p�ei Of a 1:,y�yfit;ryr�sy�:�y���y� �g ��< q����y --cam ��s�y� g�yyy �� ��5� in.
��y
14.a i•�a�am,&-- to sei' f �rr+i�lii ` &e »•S]Is�.li.+ 'lFS. A or 47r tan o the -Pie od �A°x� '.7.� Sc,� k.'aL
othr i spw the P l V'� atm ~ adiatW� ,yam .
{ ¢: y y ' Y , ed b:4 `k'�',3'c t3-'r�e;�X ar 3,3''. '-XF �.T '. �*�o' st
s e-mew�s�At�ri�C��FiS�� bd G:+'1:.�:?a k:5:i �.+i 'S47 i V'�£..Y't.!F 5-.G i t Sx_t tT.l, ..3 ! T-
J
r
Q) e-mill ky D'ev-doper lies occur under the Comm Fav-
Appe-memat 1br f H%Tu,-A wxhev d;and r
moi. r' �s +�{� i �'g r .S
x� F�'tyy��1��Ey+yai���ppFk 3%�E�v ;�.p��•s pi-c-4 Fti'{iuk has b.'`mv giy�ae�'`13.�',i A five,Wca"a Sh after
i}t,-p4y+-• aad
and �7Y�ch ekult r,% �u 4.1il F'��AW fi e days 6Y3f~'er wavy a�fJ$��r �
FZan Wldnh is catitt�' va Na+T'rR is�e s�§!�is��`.3 r �+Y��'vL�i�] a2•SJ'd F
wim lite,Piedpe Agwa mkea,
p thcevvwma of sak -NaxioasBank sh a Rae,be,fialble.flan any Alu-cmation 1n Imarkel valut A
h je�e �xs�e- ,and stay ch 4 r GOP— � � 2 x�T� ��,'��� �#�1F i �h`�e�rs
st the
ung ag that fire ;e MY" on the � � � F
ewer of gad a hereunder, W sales may e men two ` nc 1-0 the 1-111 d1�.O�c
j.-. 1 t i g � � gafior have � faffy
J b Tz n� ?, �. w� �h�".�+,:. .-..d .: ;4 s:r�,z � 'i t �Ya$:J 'i.' Y.sra
esti`+,7•�,'�i rb�e���$�:`:k�'Eq wi sL..'�Te� �„Wi�Ifi wi„*�� „
the sevwved
(b) Se-6m-
Rt ; rii UA o' ' u #fi€t3' aohave �' rf "i„It
axhl IQ a,�,ad tmm6ec spa 'lie --i se; the pie%ttA hai-r
S
i%
t .
[aert pin- .'liaser at any such Sale shall hold the property sold "free 2roM aD r vs`(im or riw t W
haf-sc-e-vet karid. afly Dev,� Bopp ir tl'3CEby waives (Jo the c-xie a p'.''mit%Lta by law) a t fights
"c) rpt-.otIcAny autd`cL° 1'.eusm. fir'= pt'•aF' `Snek t�€' bv Csp tvl oDev-e-111oper or Fort Worth
ri elf be g1 � j 's1 =c�?CtFa [I{ z e a`< s3e:: Gn `w de'vei� or inn-��t� �Y }?C��fc3-d Yei led ;fit
Z gi f-eved €--afl W SwOj ;party at tht. addf- s3 5�I 'S��I% sG"low— Anys�Cuce �"equi�{j C
to be ivMa to NationsBank " t :V•» i1 4vnlif%L. and sh.:_ii be eillec:IS°evhere s
illnvoudd ProperVi C-onlpVW
2421 Park%vvapy,Sufte 200
FD.- :..TX 75
C`k-y (S Fort V-4orth
AR -, Chy Tr-vasurtr
Foo INOT- i,"IM, 76102
Necirvns-riank of TexaR, NA-
Nun: Ray COWL:1, IL'-Ust
J Rws3 TX 75283-022141
F t ;uch vwxice sW hr—elnwd to vebawn_give h b t ctuat y r e ed��r r f �
zh
day P� ��a diT{� l-w ar r, � frAiled, 1he a¢i i. a �� �2��,
Aqvpfiny DMV ane its o r is r g��c y e R ; � r�� � � �� � �}
he
SUCg of� a ��st��� '�€�-€" �3'i�1 i; C�si:c etsao�5 (� nut tti#`a.� I# 16 days w �`-[.. .
-; 9 � 4 .S
ode at-ofsuch
.such€m, ss,
, f 'r
Aw Pled- canawrA. Fortffortb and afiomBal q not have.
11j," have bad, a p€or iwwmev, Jin the
� � € Vias mpea..to# w- w-c .
} x A . �l a to.-vkwf n Worth am NW
cm i w-na c. In so f kr as perru� d, y Art, -5 17, To=Revised St-MUM,
Fort 'W �-1 Shaff 0,1 dise,onsm Thi P
. qt3-,c- by F<wt W w ., fdl &fn o ty TO Obe emmu w6ldi5M&Siplt or sdo vw—c is
LG
If i'me Developer tails to pefl'T-Vp €;S im-der tbe CFA 1--o-1 wo-ni ;5- FOO. and
exchisive remedy MW be to complete the o is8a'€ani; of -e—eloper at Devempv's c.=:pensc— n'�t
fide
rt wordi 's ant d -d to ex a1z scl
r! Q t7,ijjj excinisive vcimed%. F
ton
SE
N OF CQLI�A' EF-Al-
CTION I I. 2—UPS-11"TILIT-19,
a th'5 "Iedge AgrQenaera, Developer _hall Dare
-0twift-tanding any wmmaj)f pravision i I I
a� -all"? 0, iiiad fi-am fiane 10 firM--, tO OW-61�
he aT of For Worill 1,
cons Mflck� I
CoV0 lhxi. the "Raieased Collater;0")
-H aa' awy p, 1-� -af I he PI-dged aieerld 'w'reu-1a.qex ca
r iiia es pa
Upon z` the foil,owing, conditiolm
J, f ant'- 11106cl-(the 'Substllljliol�l
Nau ns3
0. DeMope`_37ftal' P,, FOrk Ww-' L"I'l, -0
Nofk,""") thal Detv%clrpr (,.jesires to olmenn Rekiascd C'OINPcral 01-s -Tecifv�A mid desciibe-d
in luat natice) for a c:cjjjewjyo Of d 11 imil, fo-
rancous mubmilution ITerent Sec. les
also sped fiand eesu-ata M - e Sj)sLAI.ItIki Nofice),
and
(b) "'[Nwclopca shall pladge to Fo-;T Wor-th, and defiva to Natio-IsBank 'IRW ttve t>encfit of
;iia
es the 'I&db-z;nvjted Che Market VJtzz of
4r, Wo.-tij, slibstimed S"uzrifi
rOm
scd I
whitaq substime4, cometerw tr-_-=�eiher voki.-I 11he Mlanktt VRIUCOf the-
rommog,Tlon
Collat>=! sena-111 ii'.I 'I"- auarep, ag �e �q least --,q7lj , :� E, m,aTed r)�00,
ga 'lateral for PINTposes of
If, g
e e en-md to be MCC, 'ed cd,
CcnnAll
Ti
greenmM.
vu
NafionsRank sha-111 be am--ft),ra' 'O'd( Athm One
Upwin sadefactim e" th-,jiva-ve-specified,wa
r irstwntWAA In
any MOMMU! -M- 1 -3
cates o
rep- a
g a--,- cregawral
�nq t ar ewidenoe 0-re, Rticastd
tfirect 1; 0170per
_t t_U the Mea_-d Cop r m mu D v
as r
A -Y tite pens inclawd NAW60�n-sBank in -10r."nection VqWh oblaning each Siarh IVIV-Mc
Shaff mp UY
SrX7f RON 12. WAL OF-400-T-LATERAL.
am, comrary pm U.) 11 b
ple,d- t-d the `wilbdrmvm
dhe rkht to Inonthly vVkb_dvwvm15 of the ged Cofllatera� (he-mkmfier U&N
C�ffinersr)'Upon misfi-addon of'the fallowiqg co
PrWo-&--Pon I-I'loah, an,- Tce fthe "Withd -a mil,
j.-c.0an-k- wm--ten f r, -w
Vif
MWcI that
ie" Devomprer &SiimBiu Obtain tach 2vvkhdrawn colla "-Fal;and
(ki the akgrepw mark-a 1,4due t3f the plej'oed colla ral, ever of Athhw
j cnifigpdows
wifivin v:r, C-6riateral, is at lem cquei to, the d mxzc� vak�e ex tlm se-cum
-med -nning value fil hc-s eanapvtr ca1w the 1,Estimated
'I on mvining v,b�.pmfoy i skrch re-M&
coa to-Cumpiele).
per 5
TIw With&avval NN'wd'ge SIMA,I Lq&,,de, a desuiption et'she Withdrawn Colfteral WhOl -1-eve=
calculation ef the Estimated Cost to cmw_'4qmc_ Upon rezeip't of ehe VA 1". rw-ve, Notice,. Forn
S alion of v he
warth Shaul have ten 'k 101 rmicn-jay dars, tZ- mtifiy DeveiOPU Of F-01t "A?GrW c vd lai
0 f"en De -e e>oees
��,Ietc. If Foq Worth fnilrs to �50 nclifv DM--I TC.-, t v 1, P
Enicnated Cost to Ca �o o' is
10 1mve kyoui anve-p-m-44 and app
Toved by For, rih� If F---I W
fMtmion shA IN, dmmed 4 -
catwlafiien is less th-an, or not mare than Ifive Dercera higher thorn, Div-dopef'z
!Q 14ave b accept lope
For, W(w 1011
shailb-adeecewd ed PM� approved by Devet, r-
if F-on Wovh's cakulaAion exxxmds, Developta's tKv inom than five pcMem (YAI, F�an.
worth and Deve"l-oper Slim'!IpInfly-approve 1, Es"i'mauMd cosit to
J
a a
f '
i
�'�ttt�?it1 Ei-tlTted E��S rJ� 3-`�.,t.'�'3�t�f �� '�.k'rEt�t�r��x'�.� �v(.���i:! i 4?fl �'t�r(]2'�? �t�',;:E t;:tiecl,it� i'F +4'leas�. �5;.11lldi��S4?`�.
j
NationsBank [ rotL'r2�3 10 �'_1���13 � c`x y. ori`>ghl?3 ,A,afificates E?l 2° ski 2izae�2tS ilk I`tial4tJtlr �E?3;'
possession til-at represent or ewidcnce the 1!' ifli€irav,'.a. Collateral Or Cade Such otllel- act'O ? v'I'th
,,PC-t t the 4 a#. day°f.Cofiateral as Developez ,I =� a � car direct.. fe l e � } til'
e rr If3TE� ? OI1.s inrE? c1:ti.*�ii3 f;t? i171?3 vG SL2G I�3'etSe,
3 $
At any t'r � _ � tip! _ = tr e (but i�e7 n.�r� frequently ���� c��� ��.�. s�3��ti�� ����
[gyp-$ L q .q,+{, sole (^ �*¢ and
�.'c {+ ,,la r d ues* �i [ }''{ nk -j �'yy�+ta o t
-
Worth 6 i, i ins S�S.r er,s, sole `iost and exp' 3=, itYU�r Sik�'A.=YvC LiSY.�$S�i 3���dfR 4�� t24l SSZT�aS Y�J3`� provide�a] ;"�l'Y
Mark t ${ai�ue ax the,,: Pledges orate . Fore a�i� m:. itional
� ca-Use �v�-oper e, p_�
ge ad
Ma r; itr s ': °§ `a u: 1 33u£ Iriti s") as Pledged Cot" �3 Upon swusfa ]t' i a$'xe ��i��i�'i�3
(aI Foit Worth shall proNAde Devel e,r and i`�aYi� nsIBwnk a -��"ritTe n t,$:�e�tt?��forth�
MA 1 �• �:=3 ' A e9y Pledged
.aY p aft C^+eH erO and req �StIng l eveloper to Fx��''� � ?�.���:tt�#�
J.
�. E." . €fed Mark
s��� {S a (i cluefin" the
i (b) tt aggre�ate
Mark
ai.£ "' fhf� Pled a "
xwtg}2«a s is ll bee to (f)T, at 4'veoin ces t-,poi lL. t to
m�*��-r thanes) ai..e aast dete+"at'�'�'�
4:`cTsat" A }3 i,csi�3Z �1LE2wis.-£'d 'rJ P' a$o- L> i �3 ax7i.�4[:t`j.4 :+1 't,. ,i.3
to
r
r .r i Kik aid it £ reS ha afp �efjj,fic-_^x� s or �t�:3x�flet #}s°'K sf 3y�g a 71 xi3 .`
y -i R k 4 # ^„iJ. L{'L Sd m4ria � M1.`i ilii SiRY rties �afl be
by i-ionsBaek -1 five(5) t r . > sa l .
,y
IS
e�«v -%fS','S.
MGN�'�d'.'�t. .t3..7t Y OF OR 3� ORMI '��"t7. '
F Powers, mere-a held by Feet M-Wox II be,
� �t�� � z�� ��� -0the
?'� a
zj %
a # � s n y Fen eith � oje or i�� pant Any tmpte
al-0 t -I s 0$ e€� �e _e� t sem, g of all
z
sv�, norm
No wer by Fort Ww1h a-fw v3 �efit st 11 be- deme tO f r
€ € ezelaY Or �. �aq oilax gar
ptrVw
4 ;# € a 3 ll i�-if �m suirh right 2� r or h l`ss to r a, 31 : a
��
a
} r as erci ofofallyallyst3��1 ?int Or power, jsm��de Other�;���?�r es.'eY �e t�: ��o#.
e y
bindingiaf�d
FY 3 b ,f amd �sy'S�s,,Z;3
Agreement 8'..$�wa.nt `,�°+�'a` binding oil tilep��
J ]F s T d�rT�y&s (.4
)fthis QP3i-,'+yd S),:- IJLgv`e�*ynewgy�«aS,+l.,��A l- S�Li��•$be`ti�i €�.yi�$}�[�Ly}-� , �A� r�8+�;�3 ! p�y ya
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sE,c'-rLOO 17. C1,101CLE" OF LAM".
This Pledge Agreenwni is to bQ construed and ;,lic-preted m accotaance W�th the laws ol'
tihe State 0ortTCXZS
s,r,,cT,tuti-4 -B. L9LLj_-*7'rJERPARTS.
PWge Acgr-emenf rnay bt- execiuted in any rainiber of mulaiple countermal-kr, and b,,
diff.'reg varties. on separ-P-2c caunterparts, al! of vvibioli when- taken together Sha"I
and the mine agreement,
SECTION 0. N EUQJ,!�,��IIANK 1,
A k N 1 3 LCY
Dt-veloper agrees to rdca,%e., bold harimless, and iadeimrhly Na-b-OnsBaTik (and, its
dirextors, Off"we S' agewls and fronn and agninst al i clairns, da-mages,
expenses, co-stss -quits, nd other iia biliq,of any kind whatsoever that out of or are direaly or
indirectly mi-ted >o Uk p_-dbi mawwe by NI-atICASISBAlwk Of its duties llerrvnder xccept for tP.0 gross.
ne-CgOigta-ce Gr 'WRINI mnisconduct ofllalionisRwk or its dlrectoi-s, officers, mploiecs' Wirtz, or
HILLNVOOD PRgYL-TRTY COMTPAI-4-Y
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T ' S EAX
BY -
Title:
Date:—
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TE
By:
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41
m M.
Clot oort, wilyd-11-112-6 Telac"al-15
t Mayor and Councit coo, .mmmufs-ISCIM. R n
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**C-15435
...........
CC V FOR ME INISI AULATI-0 10F
i M -P-s-TRACT IM TH H&MAVOOD rROf I-: Y C M Af
L
FACILITIES S,H, 170 24- WATER MAW MOhA BEACH S"REEST To
EAME PAIllf""VIVAY
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E rva,ef�-rto exem, c V,
t LtheCC-OWN-Amkv:' e 'my oza ,
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Hilb. j pr'Cifte-t'y 'rl-orP&-jV' for ths-'
AW-eefnen! vvith lbe dw-jolopw 'Vooe
Cow" 7 farm itles fm. I-to 2-4V" W-an main from -0 at a- - t a"klm
Be &, Stf c � Soule
rlaWmd the Ck/ marwage.-T to'em-aak-rue a
omit", w
on M" 2k 1 gas PA&C C-I m at ains
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to
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a pro mgad- congront to ganstwc:� a 24-l' 'w ane m ax Sim alom, 170
lily
pop"C,j g-jach StIr -eelto, f---aglee Parkway-. Ti wis p act is Poem an narttmst Pwit ''i Ah, 0M
on thp- a.,, ano! 40cated un covwx DIS-Al ,NO4.
CT
eat con a-the�.karnfw-rnitvfawilnli" is w-- folUmvS aad swvjaet to the ac-mal bw T 0
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Water m- fild-mmial fjove-dopirnent 010 96
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Ing"pe't'g, Fee, —Al Ury i
2 16,-M 5 $924,0184
c-� whi, the, tewtm,.� of t1hot-, I o8a Cam-nmwrvtj: r ai ifleoz Agrea-m-mon'. Mllon-tf P-lat Wo
' and M' 'ity -'Or v
1643 dev-Slor,81' Panv-i th-0 for vvAtiar rnmis up to a 12� nevs
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