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Home My WebLink AboutOrdinance 13307Ordinance No. ~~ AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE NEW DEVELOPEMENT FUND IN THE AMOUNT OF $104,283 00 FROM AVAILABLE FUNDS FOR THE PURPOSE OF FUNDING AN AGREEMENT WITH ONE COUNTRY CREEK LIMITED PARTNERSHIl' FOR INSTALLATION OF COMMUNITY FACILITIES -PARK CREEK ESTATES, PHASE A INCLUDING N BEACH STREET IIvIPROVEMENTS; PROVIDING FOR A SEVERABILITY CLAUSE, MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES, REPEALING ALL PRIOR ORDINANCES IN CONFLICT HEREWITH, AND PROVIDING AN EFFECTIVE DATE. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS. SECTION 1 That in addition to those amounts allocated to the various City departments for the Fiscal Year 1997-98 and in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the New Development Fund in the amount of $104,283.00 form available funds for the purpose of funding an agreement with One Country Creek Limited Partnership for installation of community facilities -Park Creek Estates, Phase A including N Beach Street Improvements. SECTION 2. That should any portion, section or part of a section of this ordinance be declared invalid, inoperative or void for any reason by a court of competent jurisdiction, such decision, opinion or judgment shall in no way impair the remaining portions, sections, or parts of sections of this ordinance, which said remaining provisions shall be and remain in full force and effect. SECTION 3 That this ordinance shall be cumulative of Ordinance No. 13111 and all other ordinances and appropriations amending the same except in those instances where the provisions of this ordinance are in direct conflict with such other ordinances and appropriations, in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed. SECTION 4 This ordinance shall take effect and be in full force and effect and after the date of its passage, and it is so ordained. APPROVED AS TO FORM AND LEGALITY ~~ ~~ Assistant i Attorney I-~ - S' d~ Date ! i3-~'~ City of Fort Worth, Texas ~1/~Ayor And ~,aunc~~l Qammun~cAt~an DATE REFERENCE NUMBER LOG NAME PAGE 1113/98 C-16542 20MADY 1 of 3 SUBJECT COMMUNITY FACILITIES AGREEMENT WITH ONE COUNTRY CREEK LIMITED PARTNERSHIP, FOR THE INSTALLATION OF COMMUNITY FACILITIES -PARK CREEK ESTATES, PHASE A, INCLUDING NORTH BEACH. STREET IMPROVEMENTS RECOMMENDATION It is recommended that the City Council Adopt the attached appropriation ordinance increasing estimated receipts and appropriations by $104,283 in the Special Assessments Fund from available funds, and 2. Authorize the transfer of $104,283 from the Special Assessments Fund to the New Development Fund, and 3 Adopt the attached appropriation ordinance increasing receipts and appropriations by $104,283 in the New Development Fund from available funds, and 4 Authorize the City Manager to execute a Community Facilities Agreement with the developer, One Country Creek Limited Partnership, for the installation of community facilities for Park Creek Estates, Phase A, including North Beach Street improvements. One Country Creek Limited Partnership, consisting of Master Development Corporation, General Partner, and Charles P Mady, limited partner, has executed a proposed contract for community facilities for a single fa .milt' _residential development (93 lots) located in northeast Fort Worth, east of Beach Street between Winterhazel and Basswood, in COUNCIL DISTRICT 4 The Community Facilities Agreement (CFA) was negotiated between the developer and the City to include a segment of North Beach Street south of this development abutting unplatted land owned by the developer With the completion of these improvements, North Beach Street will provide a continuous six lane divided roadway between Western Center and Basswood This Community Facilities Agreement is in compliance with standard City policy except as follows. (1) The developer's share of construction cost for North Beach Street is reduced to $150,000 This amount is approximately 38°Jo lower than the standard CFA requirements This reduction is recommended as an incentive to widen North Beach prior to development to alleviate traffic congestion in the area. (2) The developer will contribute $69,117 in cash upon final plat of the development. This amount includes a portion of the $150,000 construction cost ($45,717) as well as all engineering/administration costs ($3,400) and costs of an additional median opening requested by the developer ($20,000) City of J~ort Forth, Texas ~l~~yar And C~urt~~l ~,,~mr»un;c~t~an DATE REFERENCE NUMBER LOG NAME PAGE 1 /13/98 C-16542 20MADY 2 of 3 SUBJECT COMMUNITY FACILITIES AGREEMENT WITH ONE COUNTRY CREEK LIMITED PARTNERSHIP, FOR THE INSTALLATION OF COMMUNITY FACILITIES -PARK CREEK ESTATES, PHASE A, INCLUDING NORTH BEACH STREET IMPROVEMENTS (3) The remainder of the construction cost ($104,283) will be financed by the New Development Fund and secured through a mechanic's lien The developer will reimburse the Assessment Revolving Fund in three annual installments of $34,761 commencing prior to the first anniversary of the initial payment in (2) above (4) Approximately 2,615 linear feet of sidewalk will be installed as development occurs rather than with the construction of North Beach Street. ESTIMATED COSTS: Project Cost Developer Total Water and Wastewater Water 87,502 -0- 87,502 Wastewater 102,115 -0- 102,115 Construction Inspection Fee 3,792 -0- 3,792 Total Water and Wastewater 193,409 -0- 193,409 Internal Street Improvements Construction 213,440 -0- 213,440 Engineering Inspect./Admin 4,269 11,739 16,008 Total Internal Street Improvements 217,709 11,739 229,448 Internal Storm Drains Improvements Construction 27,924 -0- 27,924 Engineering Inspect./Admin 558 2,541 3,099 Total Internal Storm Drain Improvements. 28,482 2,541 31,023 Total Internal Street Lights 23,100 -0- 23,100 Total Street Name Signs 640 -0- 640 Construction of North Beach (east half) Construction 150,000 265,760 415,760 Engineering/Administration 3,400 26,103 29,503 Median Opening 20,000 -0- 20,000 Total Construction of N Beach (east half) 173,400 (*) 291,863 465,263 TOTAL ESTIMATED PROJECT COST 636,740 306,143 942,883 City of Fort Worth, Texas NI'Ayar And Council CommunicAt~an DATE REFERENCE NUMBER LOG NAME PAGE 1/13/98 C-16542 20MADY 3 of 3 SUBJECT COMMUNITY FACILITIES AGREEMENT WITH ONE COUNTRY CREEK LIMITED PARTNERSHIP, FOR THE INSTALLATION OF COMMUNITY FACILITIES -PARK CREEK ESTATES, PHASE A, INCLUDING NORTH BEACH STREET IMPROVEMENTS (*) Notes -The Developer's share of the total cost for construction of North Beach ($173,400) will be paid as follows. $ 69,117 Cash contribution to be paid at time of final plat for 17 acres $104,283 Reimbursement to the Assessment Revolving Fund paid in 3 annual installments of $34,761 PLAN COMMISSION APPROVAL: On August 28, 1996, Preliminary Plat PP 96032 was approved Final Plat FP 96100 for this development phase is currently being reviewed by staff FISCAL INFORMATION/CERTIFICATION The Director of Fiscal Services certifies that upon approval of the above recommendations and adoption of the attached appropriation ordinances, funds for the developer's portion of this contract will be available in the current capital budget, as appropriated, of the New Development Fund The City's portion in the amount of $306,143 will be available upon approval of the 1998 CIP New Development Funds. MG.m Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY Office by: (to) (1) GS94 441252 020940099050 $104,283.00 APPROV ~p Mike Groomer 6140 (1) GS94 538070 020940099050 $104,283.00 , ~~T~ ~~~§~"~ Originating Department Head: (1,2) C113 472094 020113136258 $104,283.00 C113 541200 020113136258 $104 283.00 ~ J~1U ~~~ HugoMalanga 7801 (from) (2) GS94 538070 020940099050 $104,283.00 ~a.~ _,~', Additional Information Contact: (3) C113 541200 020113136258 $104,283.00 Oity ~~, ° Glty D~ I C?i'R ~y Hugo Malanga 7801 ~',uiP~:''a.~ ! 3p h eAci?i"d1~.s' _1 ~;n ~3,! ~ K~ E"1~~p4~r(.~ 8 ~6~ebt.i.tl~t~A~.nSrq I