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HomeMy WebLinkAboutItem 03 - Fairfield on Main StreetDevelopers agreement for Fairfield on Main Street r77) * Supported sustainable development in North Texas • Authorized City participation in the NCTCOG Sustainable Development Program • Committed to fund the 20% local cost share The project extends along Main Street from Franklin Street south to Nash Street and along the south side of Dallas Road and the north side of Nash Street bordering the Fairfield site. The project establishes a pedestrian friendly environment bordering the Fairfield site and extends that environment up to Franklin Street with elements including: Wider sidewalks New sidewalks Handicap ramps New curbs Improved pedestrian access — west leg of Hudgins at Main Street Patterned crosswalks at Dallas Road Historic streetlights Trees Landscaping Benches Trash receptacles Bike racks The agreement with Fairfield is based on our standard developer agreement with modifications to clearly stipulate the working relationship and funding relationship that we will employ during the design and construction of these improvements. To meet the requirements of the NCTCOG, the City must serve as the contracting party responsible for contracting for the design and construction of the $1,000,000 in improvements, This is a reimbursement •- with the • in that the • participants, City and Fairfield, must front the total cost and then be reimbursed upon completion of the project. The cost attributable to the improvements bordering the Fairfield site is $536,208.00, of which Fairfield's 20% is $107,242.00. The cost attributable to the balance • the improvements exclusive • the Fairfield site improvements is $463,792.00, • which the City's ♦•. is $92,758.00. Fairfield will provide to the City their share of the funds in advance of award of the design • construction • by the City. M JSL O:\agenda\2006\11-7-06\Fairfield Dev Agreement Memo STATE OF TEXAS § COUNTY OF TARRANT § DEVELOPER'S AGREEMENT CITY OF GRAPEVINE § WHEREAS, FAIRFIELD GV MAIN L.P., a Texas limited partnership, hereinafter referred to as "Developer', is the owner of a tract of land in the City of Grapevine, Tarrant County, Texas, a Texas home -rule City, hereinafter referred to as "City", which tract of land ("Subject Property") is more specifically described as Lot 1, Block 1, Hasten Addition to the City of Grapevine, Texas; and WHEREAS, development of Subject Property is anticipated to generate pedestrian and vehicular traffic which will impact the City's downtown area including Main Street, Dallas Road and Nash Street; and WHEREAS, the Developer and the City acknowledge the need to improve pedestrian and vehicular access and aesthetics within the downtown area including Main Street from Nash Street to Franklin Street; Franklin Street from Main Street to a point 430 feet east of Main Street, Dallas Road adjacent to Subject Property over a length of 390 feet; and Nash Street from Main Street to a point 550 feet east of Main, including but not limited to transportation and pedestrian related facilities such as widened sidewalks, handicap ramps, curb and gutter adjustments for "on street" parallel parking spaces, street lights, trees, shrubs and ancillary landscaping, and benches (the "Project") as described on Exhibit "A" attached hereto and made a part hereof (the "Cost Estimate"); and WHEREAS, the Developer and the City have submitted a joint proposal to the North Central Texas Council of Governments ("NCTCOG") under their Sustainable Development Call for Projects, to take advantage of funds available for these type of improvements (the "NCTCOG Grant"), and were awarded an allocation of public funds of up to $800,000.00; and WHEREAS, subject to the terms of this Agreement, in the event that the City executes an inter -local agreement with NCTCOG: (a) the Developer agrees to fund the portion of the cost of the Project attributable to work occurring on or adjacent to the Subject Property which is designated as Developer's responsibility below and on the Cost Estimate, which is estimated to be $536,208.34 (the "Developer's Share"); and (b) the City agrees to fund the portion of the cost of the Project designated as City's responsibility below and on the Cost Estimate, which is estimated to be $463,791.67, (the "City's Share"); and WHEREAS, the construction of the Project shall be undertaken by the "Developer" and the "City" in accordance with the cost share arrangement described herein; and 0:\Contracts\Fairfield Dev Contract — Sustainable Dev — NCTCOGv3 1 fi WHEREAS, the design and construction of the Project shall be undertaken by the City; and WHEREAS, for the purposes of this Developer Agreement, the City and the Developer agree that the "Total Cost" shall be defined as the final construction cost of the Project including design, right of way and easement acquisition, construction, material testing, and contingencies as set forth in the Cost Estimate; and WHEREAS, the Developer and City agree that the limits and scope of funding responsibility for each party are: City of Grapevine: Main Street; Franklin Street to Dallas Road, East and West side Main Street, Dallas Road to Nash Street, West side Franklin Street, Main Street to a point 430 feet east of Main Street Developer: Main Street (Dallas Road to Nash Street, East side) Nash Street (Main Street east a distance of 550 feet, North side) Dallas Road (Main Street east a distance of 390 feet, South side); and WHEREAS, the Developer agrees that the contracting for the construction of said Project shall be by the City in compliance with State of Texas competitive bidding procedures required of Cities throughout the State; and WHEREAS, the Developer and City agree the contract for the construction of the Project shall be exclusively between the City and the contractor and that the Developer shall have no contractual relationship with the contractor within the scope of the City's contract for the construction of this Project, and WHEREAS, the Developer agrees that opening of the sealed bids for the construction of this Project shall be the responsibility of and conducted by City Officials; and WHEREAS, the Developer agrees that the City will require the construction contractor to provide performance, payment and maintenance bonds as follows: (a) said performance and payment bonds shall be issued by an approved surety company holding a permit from the State of Texas to act as surety (and acceptable according to the latest list of companies holding certificates of authority from the Secretary of the Treasury of the United States), shall be issued in the name of the City, and shall be issued in the full amount of the cost to construct the Project; and (b) said maintenance bond shall be issued by an approved surety company holding a permit from the State of Texas to act as surety (and acceptable according to the latest list of companies holding certificates of authority from the Secretary of the Treasury of the United States), shall be issued in the name of the City of Grapevine, shall be issued in an amount of twenty-five percent (25%) of the total construction cost of said improvements, and shall extend for a period of two years from the date of acceptance of said improvements by the City; and 0:\Contracts\Fairfield Dev Contract - Sustainable Dev - NCTCOGv3 PA WHEREAS, the City's authorized selected contractors will be working partially on the Developer's site and shall provide to Developer a Certificate of Insurance naming Developer as an additional insured at least 5 days prior to the start of work; WHEREAS, the City shall have the right, at its sole discretion to approve and execute any and all reasonable and necessary Change Orders to the construction contract that it deems appropriate and necessary for the completion of the Project, however: (a) the City will notify Developer of such proposed Change Orders at least ten (10) days prior to the implementation of same; (b) the City may not reduce the scope or quality of the Project; and (c) the Developer will not be required to incur any additional costs in connection with any such Change Orders unless Developer has approved such Change Orders in writing; and WHEREAS, NCTCOG has approved funding under the Sustainable Development Program on a "Reimbursement after project completion" basis in the amount not to exceed $800,000.00, representing 80% of the authorized funding for the project with the City and Developer providing the remaining 20%, and WHEREAS, any cost overruns on the project shall be at the sole cost of the City and Developer based upon the location of the overruns and the cost sharing established in this agreement and subject to modification of scope provisions following this paragraph, and WHEREAS, provided that the City has secured the commitment for funding of the NCTCOG Grant and this Agreement has not sooner been terminated, the Developer agrees to deposit with the City by certified check or wire transfer the portion of the Total Cost attributable to Developer's Share of the Project including the 20% local share not eligible for reimbursement, based on the final project estimate submitted to the NCTCOG for the improvements and prior to the City entering into the construction contract for the Project, but not in excess of the amount allocable to Developer's Share as set forth in the Cost Estimate; and WHEREAS, if the Total Cost of the Project based upon final bids received from applicable contractors and other cost information is estimated to exceed the amount set forth on the Cost Estimate, the City and Developer shall meet to modify the scope of work such that the original maximum budget for the Project as set forth on the Cost Estimate is not exceeded, unless Developer and City agree in writing to pay the increased cost of the improvements, in which event, Developer shall deliver to the City Developer's proportionate share of the cost overage, and if the City and the Developer are unable to agree upon the revised scope of work or payment of the excess costs, either City or the Developer shall be entitled to terminate this Agreement by written notice to the other; and WHEREAS, if the actual Total Cost for the Project at completion is less than the projected Total Cost, City agrees to refund the Developer's proportionate share of the balance of the surplus to the Developer within thirty (30) days of a final determination of the Total Cost and final acceptance of the Project by the City. The City further agrees to 0:\Contracts\Fairfield Dev Contract — Sustainable Dev — NCTCOGv3 3 reimburse the Developer's share of the reimbursement from NCTCOG within 10 days of receipt of the refund from the NCTCOG; and NOW, THEREFORE, the parties to this Agreement, the City and the Developer, do enter into this Agreement, for good and valuable consideration as provided for herein, the receipt and sufficiency of such consideration being hereby acknowledged, and in the mutual promises and mutual benefits that flow to each party, do hereby contract, covenant, warrant, and agree as follows: Section 1. That all matters stated hereinabove are found to be true and correct and are incorporated into the body of this Agreement and agreed to by Developer and the City as if copied verbatim in their entirety. Section 2. Subject to the terms and conditions contained herein, the City hereby agrees to construct the Project as herein described to provide adequate vehicular and pedestrian capacity to serve the proposed development of the Subject Property and the downtown area. The Project shall comply with City ordinances, and all other applicable law, rules, and regulations. Section 3. The City agrees to initiate the process to employ a civil engineer registered in the State of Texas to prepare and seal the construction plans with respect to the entire Project (the "Plans"), including the portion of the Project which is the responsibility of Developer as provided in this Agreement. The Plans obtained by the City shall be consistent with Developer's currently approved civil plans. The Developer agrees to pay the cost of the Plans that is attributable to the portion of the Project that is the responsibility of Developer as provided in this Agreement, which cost shall be paid using funds that Developer receives from the NCTCOG Grant. The Developer agrees to advance to the City the amount of $15,000.00 upon execution of this agreement to cover the costs for streetscape design services associated with Developer's project. The City agrees to pay for the cost of the Plans that is attributable to the portion of the Project that is not the responsibility of Developer as provided in this Agreement. Section 4. The cost to employ a civil engineer registered in the State of Texas to provide Construction Phase Engineering Services to the City during the construction of the project is included in the Grant Application. Section 5. The City agrees to construct the Project and the Developer and the City agree to share in the Total Cost of the Project, as established in this Agreement. The Developer shall deposit with the City by certified check or wire transfer the portion of the Total Cost attributable to Developer's Share of the Project, based on the most up to date estimate of costs for said improvements and prior to the City entering into the construction contract for the Project, but not in excess of the amount allocable to Developer's Share as set forth on the Cost Estimate. Based on the Developer's advancement of $536,208.34 to the City and an 80% reimbursement of that amount using grant funds, the Developer anticipates receiving a reimbursement in the amount of $428,966.67 upon completion of the project. 0AContractsTairfield Dev Contract — Sustainable Dev — NCTCOGv3 4 Section 6. Due to the uncertainty of the grant award, timing and availability of funds, Developer and City agree that Developer's level of participation in the Project and the NCTCOG Grant is contingent upon receiving the grant award, a signed Interlocal Agreement between NCTCOG and City (the "COG Agreement") at a point in time that accommodates Developer's construction schedule, and confirmation of availability of funds from NCTCOG. Developer has commenced construction of its project in May, 2006 and commencing a 22 month construction schedule. Since Developer's project will be dependent upon the improvements for access to its site, in the event that the COG Interlocal Agreement is not signed on or prior to February 28, 2007, Developer may elect to notify City in writing that it is unable to wait for the COG Grant monies at which point Developer may modify its portion of the project, but will continue to publicly support the City in it's pursuit of NCTCOG funds. Any funds advanced to the City by Developer in excess of actual design fees shall be reimbursed to Developer. In this instance, Developer would be permitted to proceed with installation of these improvements as if they were private improvements and not be subject to the competitive bidding process of the City or required to pay the City any amounts pursuant to this Agreement. In the absence of a NCTCOG Grant for the Project, the City assumes no responsibility for completing or funding the Project. Section 7. Maintenance of Facilities. The City and the Developer agree to maintain at their sole cost the facilities for which they are responsible, as identified in this agreement. Respective facilities shall be maintained at a condition equal to the condition of the facilities at the time of project completion and acceptance by the City. The Developer agrees to maintain the street trees including payment of irrigation expenses for those street trees and payment of electric expenses for street lighting of the plaza area. The City agrees to provide maintenance, repair and replacement of street lighting fixtures located within public rights-of-way around the development site (along Main, Dallas, Nash Streets). The City shall additionally maintain the curbs and parallel parking pavement located on Main, Dallas and Nash Streets. The Developer shall maintain and repair the plaza and sidewalks around the development site. The City grants to Developer the right to enter upon and use the improvements and to maintain those areas identified above. Section 8. Design Defects. Neither submission by Developer of any plans under this Agreement nor approval of the City Engineer or other City employee, official, consultant, employee, or officer of any plans, designs or specifications submitted by the Developer under this Agreement shall not constitute or be deemed to be an assumption of such responsibility or liability by the Developer or the City for any defect in the design and specifications prepared by the consulting engineer, his officers, agents, servants, or employees, it being the intent of the parties that submission of such plans by the Developer or approval by the City Engineer or other City employee, official, consultant, or officer signifies approval of only the general design concept of the improvements to be constructed. In this connection, the City and the Developer shall each be entitled to pursue all claims against the engineer responsible for preparing such plans for any defects therein. 0: \Contra ctsTa i rfield Dev Contract — Sustainable Dev — NCTCOGv3 61 Section 9. Approval of Plans. The Developer and City agree that approval of plans and specifications by the City shall not be construed as representing or implying that improvements built in accordance therewith shall be free of defects. Any such approvals shall in no event be construed as representing or guaranteeing that any improvement built in accordance therewith will be designed or built in a good and workmanlike manner. Neither the City nor its elected officials, officers, employees, contractors and/or agents shall be responsible or liable in damages or otherwise to anyone submitting plans and specifications for approval by the City for any defects in any plans or specifications submitted, revised, or approved, in the loss or damages to any person arising out of approval or disapproval or failure to approve or disapprove any plans or specifications, for any loss or damage arising from the non-compliance of such plans or specifications with any governmental ordinance or regulation, nor any defects in construction undertaken pursuant to such plans and specifications. Section 10. No further certificates of occupancy shall be issued for Subject Property until the Developer has provided its share of the funds for the Project, unless Developer has terminated or reduced its participation in this Agreement as provided herein. However, if requested, temporary Certificates of Occupancy can be issued to Developer for various portions of the development prior to the completion of all grant related items. Section 11. Upon completion of the construction of the Project, the Project and all appurtenances thereto shall become the property of the City, or a public access easement dedicated to the City. Section 12. This Contract shall not be assignable without the express written consent of City and Developer; provided, that, notwithstanding the foregoing, Developer may assign its rights hereunder to any subsequent owner of the Subject Property. Executed this — • • 2006. 0:\Contracts\Fairfield Dev Contract — Sustainable Dev — NCTCOGv3 Mo FAIRFIELD GV MAIN L.P., a Texas limited partnership By: FF GV Main LLC, a Texas limited liability company, its General Partner By: FF Properties, Inc., a Delaware corporation, its Manager :-A Glenn D. Jones, Vice President APPROVED: CITY OF GRAPEVINE, TEXAS By: City Attorney Bruno Rumbelow, City Manager STATE OF COUNTY OF Before me, a notary public, on this day personally appeared known to me to be the person whose name is subscribed to the foregoing document and acknowledged to me that he executed the same for the purposes and consideration therein expressed. Given under my hand and seal of office this - day of 2006. Notary Public Signature Notary Public Printed or Typed Name My commission expires: 0AContractsTairfield Dev Contract — Sustainable Dev — NCTCOGv3 7 STATE OF COUNTY OF Before me, a notary public, on this day personally appeared known to me to be the person whose name is subscribed to the foregoing document and acknowledged to me that he executed the same for the purposes and consideration therein expressed. Given under my hand and seal of office this day of 2006. 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