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C2020-264 - 7/14/2020 - Approved
PARTICIPATION AGREEMENT For Oversizing Streets and Drainage Channel Improvements Per Texas Local Government Code 212.071 and UDC §8.4 STATE OF TEXAS § COUNTY OF NUECES § This PARTICIPATION AGREEMENT ("Agreement") is entered into between the City of Corpus Christi ("City"), a Texas home-rule municipal corporation, acting by and through its City Manager, or designee, and Walker Holdings and Development, LLC, ("Developer"), a Texas Limited Partnership. WHEREAS, the Developer/Owner, in compliance with the City's Unified Development Code ("UDC"), has a plat, approved by the Planning Commission on October 2, 2019 to develop a tract of land, to wit approximately 23.15 acres known as Calallen South Unit 1 , Corpus Christi Texas as shown in the attached Exhibit 1, the content of such exhibit being incorporated by reference into this Agreement ("Plat"): WHEREAS, as a condition of the Plat, the Developer/Owner is required to expand, extend, and construct Emory Drive, Silverado Drive, and improve Stormwater Drainage Channels and associated appendas depicted on and in accordance with the improvement requirements (the "Roadway Extension" and "Drainage Improvements") set forth in Exhibit 2, which exhibit is attached to and incorporated in this Agreement by reference; WHEREAS, it is in the best interests of the City to have the public street infrastructure installed by the Developer in conjunction with the Owner's final Plat; WHEREAS, Section 212.071 of the Texas Local Government Code authorizes a municipality to make a contract with a developer of a subdivision or land in the municipality to construct public improvements related to the subdivision or land; and WHEREAS, this Agreement is made pursuant to Section 212.071 of the Texas Local Government Code and Article 8, Section 8.4.1, of the Unified Development Code of the City of Corpus Christi NOW, THEREFORE, in order to provide a coordinated public street construction, stormwater drainage and improvement project, the City and the Developer agree as follows: Section 1 . RECITALS. The parties agree that the language contained in the preamble of this Agreement is substantive in nature, is incorporated into this Agreement by reference, and has been relied on by both parties in entering into and executing this Agreement. Section 2. DEVELOPER PARTICIPATION. Subject to the terms of this Agreement, the Developer will construct Emory Drive, Silverado Drive, and improve Stormwater Drainage Channels per Exhibit 1 and Exhibit 2 for and on behalf of the City in accordance with the plans and specifications approved in advance of construction by the City Engineer on behalf SCANNED of the City. The parties acknowledge and confirm the total cost estimate for construction of the Roadway Extension, which estimate is attached to and incorporated in this Agreement as Exhibit 3 (the "Cost Estimate"). Subject to the limitations set forth below, the Developer shall pay a portion of the costs of construction of the Roadway Extension. Further, subject to the limitations set forth below, the City shall pay the remaining portion of the costs of construction of the Roadway Extension and drainage improvements, designated as the total amount reimbursable by the City on the Cost Estimate. The Developer will also contruct all streets and drainage improvements in Exhibit 1 in accordance with City Standards. Section 3. CITY PARTICIPATION. Notwithstanding any other provision of this Agreement, the total amount that the City shall pay for the City's agreed share of the actual costs of the Roadway Extension and drainage improvements shall not exceed $698,177.56. Section 4. REIMBURSEMENT. The City shall reimburse the Developer a pro rata portion of the City's agreed costs of the Roadway Extension monthly, based on the percentage of construction completed less the Developer's pro rata portion and contingent upon submission to the City of an invoice for the work performed. The invoices must be paid by the City no later than thirty (30) days following receipt of each monthly invoice. Such reimbursement will be made payable to the Developer at the address shown in section N of this Agreement. Section 5. PERFORMANCE BOND. In accordance with the Texas Local Government Code, the Developer shall execute a performance bond for the construction of the Roadway Extension to ensure completion of the project. The bond must be executed by a corporate surety in accordance with Chapter 2253 of the Texas Government Code. The Developer shall submit proof of the required performance bonds to the City. Section 6. INSURANCE. Insurance requirements are as stated in Exhibit 4, the content of which is incorporated by reference into this Agreement as if fully set out here in its entirety. Before performance can begin under this Agreement, the Contractor must deliver a certificate of insurance ("COI"), as proof of the required insurance coverages, to the City's Risk Manager and Development Services Department. Additionally, the COI must state that the City will be given at least 30 days' advance written notice of cancellation, material change in coverage, or intent not to renew any of the policies. The City must be named as an additional insured. The City Attorney must be given copies of all insurance policies within 10 days of the City Manager's written request. Section 7. CONSTRUCTION CONTRACT DOCUMENTS. Developer shall submit standard construction contract documents to the Executive Director of Public Works for review and approval in advance of beginning any construction of the Roadway Extension and drainage improvements. Section 8. INSPECTIONS. Throughout construction, the City shall conduct periodic inspections and either approve the progress of the Roadway Extension and drainage improvements or promptly notify the Developer of any defect, deficiency, or other non- approved condition in the progress of the Roadway Extension and drainage improvements. Page 2 of 9 Section 9. WARRANTY. The Developer shall fully warranty the workmanship and construction of the Roadway Extension for a period of two years from and after the date of acceptance of the improve-ments by the Executive Director of Public Works. Section 10. INDEMNIFICATION. DEVELOPER COVENANTS TO FULLY INDEMNIFY, SAVE AND HOLD HARMLESS THE CITY OF CORPUS CHRISTI, ITS OFFICERS, EMPLOYEES, AND AGENTS, ("INDEMNITEES") AGAINST ANY AND ALL LIABILITY, DAMAGE, LOSS, CLAIMS, DEMANDS, SUITS, AND CAUSES OF ACTION OF ANY NATURE WHATSOEVER ASSERTED AGAINST OR RECOVERED FROM INDEMNITEES ON ACCOUNT OF INJURY OR DAMAGE TO PERSON INCLUDING, WITHOUT LIMITATION ON THE FOREGOING, WORKERS' COMPENSATION AND DEATH CLAIMS, OR PROPERTY LOSS OR DAMAGE OF ANY OTHER KIND WHATSOEVER, TO THE EXTENT ANY INJURY, DAMAGE, OR LOSS MAY BE INCIDENT TO, ARISE OUT OF, BE CAUSED BY, OR BE IN ANY WAY CONNECTED WITH, EITHER PROXIMATELY OR REMOTELY, WHOLLY OR IN PART, THE CONSTRUCTION, INSTALLATION, EXISTENCE, OPERATION, USE, MAINTENANCE, REPAIR, RESTORATION, OR REMOVAL OF THE PUBLIC IMPROVEMENTS ASSOCIATED WITH THE PLATTING AND CONSTRUCTION OF THE ROADWAY AND DRAINAGE IMPROVEMENTS ASSOCIATED WITH THIS AGREEMENT, INCLUDING THE INJURY, LOSS, OR DAMAGE CAUSED BY THE CONTRIBUTORY NEGLIGENCE OF THE INDEMNITEES OR ANY OF THEM, REGARDLESS OF WHETHER THE INJURY, DAMAGE, LOSS, VIOLATION, EXERCISE OF RIGHTS, ACT, OR OMISSION IS CAUSED OR IS CLAIMED TO BE CAUSED BY THE CONTRIBUTING OR CONCURRENT NEGLIGENCE OF INDEMNITEES, OR ANY OF THEM, BUT NOT IF CAUSED BY THE SOLE NEGLIGENCE OF INDEMNITEES, OR ANY OF THEM, UNMIXED WITH THE FAULT OF ANY OTHER PERSON OR ENTITY, AND INCLUDING ALL EXPENSES OF LITIGATION, COURT COSTS, AND ATTORNEYS FEES WHICH ARISE, OR ARE CLAIMED TO ARISE, OUT OF OR IN CONNECTION WITH THE ASSERTED OR RECOVERED INCIDENT. THIS INDEMNITY SURVIVES TERMINATION OF THIS AGREEMENT. Section 11 . DEFAULT. The following events shall constitute default: 1 . Developer fails to submit plans and specifications for the Roadway Extension and drainage improvements to the Executive Director of Public Works in advance of construction. Page 3 of 9 2. Developer does not reasonably pursue construction of the Roadway Extension and drainage improvements under the approved plans and specifications. 3. Developer fails to complete construction of the Roadway Extension and drainage improvements, under the approved plans and specifications, on or before the expiration of 12 calendar months measured from the date this document is executed by the City. 4. Either the City or the Developer otherwise fails to comply with its duties or obligations under this Agreement. Section 12 NOTICE AND CURE. 1 . In the event of a default by either party under this Agreement, the non-defaulting party shall deliver notice of the default, in writing, to the defaulting party stating, in sufficient detail, the nature of the default and the requirements to cure such default. 2. After delivery of the default notice, the defaulting party has 15 days from the delivery of the default notice ("Cure Period") to cure the default. 3. In the event the default is not cured by the defaulting party within the Cure Period, then the non-defaulting party may pursue its remedies in this section. 4. Should the Developer fail to perform any obligation or duty of this Agreement, the City shall give notice to the Developer, at the address stated in section N, of the need to perform the obligation or duty and, should the Developer fail to perform the required obligation or duty within 15 days of receipt of the notice, the City may perform the obligation or duty, charging the cost of such performance to the Developer. 5. In the event of an uncured default by the Developer, after the appropriate notice and Cure Period, the City has all its common law remedies and the City may: a. Terminate this Agreement after the required notice and opportunity to cure the default; I b. Refuse to record a related plat or issue any certificate of occupancy for any structure to be served by the project; and/or c. Perform any obligation or duty of the Developer under this Agreement and charge the cost of such performance to the Developer. The Developer shall pay to the City the reasonable and necessary cost of the performance within 30 days from the date the Developer receives notice of the cost of performance. In the event the Developer pays the City under the preceding sentence and is not otherwise in default under this Agreement, then the Agreement shall be considered in effect and no longer in default. 6. In the event of an uncured default by the City after the appropriate notice and Cure Period, the Developer has all its remedies at law or in equity for such default. Page 4 of 9 Section 13. FORCE MAJEURE. 1 . The term "force majeure" as employed in this Agreement means and refers to acts of God; strikes, lockouts, or other industrial disturbances; acts of a public enemy; insur- rections; riots; epidemics: landslides; lightning; earthquakes; fires; hurricanes; storms; floods; washouts; droughts; arrests; civil disturbances; explosions; or other causes not reasonably within the control of the party claiming the inability. 2. If, by reason of force majeure, either party is rendered wholly or partially unable to carry out its obligations under this Agreement, then the party claiming force majeure shall give written notice of the full particulars of the force majeure to the other party within 10 days after the occurrence or waive the right to claim it as a justifiable reason for delay. The obligations of the party giving the required notice, to the extent affected by the force majeure. are suspended during the continuance of the inability claimed but for no longer period, and the party shall endeavor to remove or overcome such inability with all reasonable dispatch. Section 14. NOTICES. 1 . Any notice or other communication required or permitted to be given under this Agreement must be given to the other party in writing at the following address: If to the City: If to the Developer: City of Corpus Christi Walker Holdings and Development, LLC Attn: Director, Development Services 3540 Agnes Street 2406 Leopard Street / 78401 Corpus Christi, Texas 78405 P.O. Box 9277/78469-9277 Corpus Christi, Texas with a copy to: City of Corpus Christi Attn: Asst. City Manager, Business Support Services 1201 Leopard Street / 78401 P. O. Box 9277 / 78469-9277 Corpus Christi. Texas 2. Notice must be made by United States Postal Service, First Class mail, certified, return receipt requested, postage prepaid; by a commercial delivery service that provides proof of delivery, delivery prepaid; or by personal delivery. 3. Either party may change the address for notices by giving notice of the change, in accordance with the provisions of this section. within five business days of the change. Section 15. PROJECT CONTRACTS. Developer's contracts with the professional engineer for the preparation of the plans and specifications for the construction of the Roadway Extension, contracts for testing services, and contracts with the contractor for the 0 Page 5 of 9 construction of the Roadway Extension must provide that the City is a third party beneficiary of each contract. Section 16. DISCLOSURE OF INTEREST. In compliance with City of Corpus Christi Ordinance No. 17112, the Developer agrees to complete the Disclosure of Interests form attached to this Agreement and incorporated by reference as Exhibit 5. Section 17. CERTIFICATE OF INTERESTED PARTIES. Developer agrees to comply with Texas Government Code section 2252.908 and complete Form 1295 Certificate of Interested Parties as part of this agreement. Form 1295 requires disclosure of"interested parties" with respect to entities that enter contracts with cities. These interested parties include: (1) persons with a "controlling interest" in the entity, which includes: a. an ownership interest or participating interest in a business entity by virtue of units, percentage, shares, stock or otherwise that exceeds 10 percent; b. membership on the board of directors or other governing body of a business entity of which the board or other governing body is composed of not more than 10 members; or c. service as an officer of a business entity that has four or fewer officers, or service as one of the four officers most highly compensated by a business entity that has more than four officers. (2) a person who actively participates in facilitating a contract or negotiating the terms of a contract with a governmental entity or state agency, including a broker, intermediary. adviser or attorney for the business entity. Form 1295 must be electronically filed with the Texas Ethics Commission at https://www.ethics.state.tx.us/whatsnew/elf info form1295.htm. The form must then be printed, signed, notarized and filed with the City. For more information, please review the Texas Ethics Commission Rules at https://www.ethics.state.tx.us/legal/ch46.html. Section 18. CONFLICT OF INTEREST. Developer agrees to comply with Chapter 176 of the Texas Local Government Code and file Form CIQ with the City Secretary's Office, if required. For more information and to determine if you need to file a Form CIQ, please review the information on the City Secretary's website at http;//www.cctexas.com/government/city.- secretary/conflict-disclosure/index Section 19. SEVERABILITY. The provisions of this Agreement are severable and, if any provision of this Agreement is held to be invalid for any reason by a court or agency of competent jurisdiction, the remainder of this Agreement shall not be affected and this Agreement shall be construed as if the invalid portion had never been contained herein. Page 6 of 9 Section 20. COOPERATION. The Parties agree to cooperate at all times in good faith to effectuate the purposes and intent of this Agreement. Section 21. ENTIRE AGREEMENT. Except as otherwise expressly provided herein, this Agreement contains the entire agreement of the Parties regarding the sharing of costs for the Project and supersedes all prior or contemporaneous understandings or representations, whether oral or written, regarding the subject matter hereof. Section 22. AMENDMENTS. Any amendment of this Agreement must be in writing and shall be effective if signed by the authorized representatives of both Parties. Section 23. APPLICABLE LAW; VENUE. This Agreement shall be construed in accordance with Texas law. Venue for any action arising hereunder shall be in Nueces County, Texas. Section 24. AUTHORITY. Each Party represents and warrants that it has the full right, power and authority to execute this Agreement. Section 25. INDEPENDENT CONTRACTOR. Developer covenants and agrees that it is an independent contractor, and not an officer, agent, servant or employee of City; that Developer shall have exclusive control of and exclusive right to control the details of the work performed hereunder and all persons performing same, and shall be liable for the acts and omissions of its officers, agents, employees, contractors, subcontractors and consultants; that the doctrine of respondeat superior shall not apply as between City and Developer, its officers, agents, employees, contractors, subcontractors and consultants, and nothing herein shall be construed as creating a partnership or joint enterprise between City and Developer. Section 26. NON-APPROPRIATION. The continuation of this Agreement after the close of any fiscal year of the City, which fiscal year ends on September 30th annually, is subject to appropriations and budget approval specifically covering this Agreement as an expenditure in said budget, and it is within the sole discretion of the City's City Council to determine whether or not to fund this Agreement. The City does not represent that this budget item will be adopted, as said determination is within the City Council's sole discretion when adopting each budget. Section 27. TERM. This Agreement becomes effective, is binding upon, and inures to the benefit of the City and the Developer from and after the date of the last signatory to this Agreement. This Agreement expires 12 calendar months from the date this document is executed by the City, unless terminated earlier in accordance with the provisions of this Agreement. Such expiration date of this Agreement is presently anticipated, but not currently known, to be June 16, 2021 . Page 7 of 9 EXECUTED in one original this (�� day of J , 2020. ATTEST: CITY • CORPUS CHRISTI .% Rebecca Huerta ' I " .y �b nd III City Secretary IQrj3� .AU111UK►46• Dir•ctor of Development Services ►Y COUNCILsEcorrARY THE STATE OF TEXAS § COUNTY OF NUECES § This instrument was signed by Rebecca HuertCjty Secretary, fQrct a City of Corpus Christi, Texas, and acknowledged before me on the d O day of Ju , 2020. A A A A A A Notary Public, State of Texas ►ra� SARAH A JEAN BAUNBENNOEFFA n ID# 12954086.6 * �i5 * Notary Public STATE OF TEXAS of My Comm.Exp.08.28.2021 ce-o- v�rr' �♦ THE STATE OF TEXAS § COUNTY OF NUECES § This 'a trument was signed by Al Raymond Ill, Dir- _ •f Develop/lent Services, f tl)e City of • onus Christi, T- and acknowledged b-•: t 1 •,4e day of w 02' . •2P.• ye(pu••!.P4i0+� 'otary Public, State of Texas ' �" 'lF of 4*,4'.N„ FS12.2 - APPROVED AS TO FORM: This day of ,l h•-e_ , 2020. --b1/1 //), ) t/t;t7v Assistant City Attorney Buck Brice Page 8 of 9 DEVELOPER: Walker Holdings and Development, LLC (p1.3cip_o Lance Walker Date Member / Vice President STATE OF TEXAS § COUNTY OF NUECES § This instrument was acknowledged before me on SA-ne- , 2020, by Lance Walker, Member / Vice President, Walker Holdings and Development, LLC, a Texas limited Liability Company, a Texas Corporation, on behalf o said corporation MARGARITA G. BAYAj‘iriFti't, at. 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BASS WELSH ENGINEERING 3054 S.Alameda St. Email:NixMW@aol.com TX Registration No.F-52 361 882-5521—FAX 361 882-1265 Survey Registration No.100027-00 P.O.Box 6397 Corpus Christi,TX 78466-6397 CALALLEN SOUTH UNIT 1 PRELIMINARY COST ESTIMATE 05/29/20 18036-PCE-APPORTIONMENT STREET&SURFACE ITEMS ITEM DESCRIPTION QUANTITY UNIT UNIT PRICE AMOUNT 1 2"HMAC 16681 SY 17.00 283,577.00 2 8"CRUSHED LIMESTONE BASE TO 2'8C 9147 SY 22.00 201,234.00 3 6"CRUSHED LIMESTONE BASE TO 2'BC 12125 SY 17.00 206,125.00 4 8"LIME STABILIZED SUBGRADE TO 2'BC 23535 SY 5.00 117,675.00 5 6"CURB&GUTTER 10924 LF 13.50 147,474.00 6 5'CONCRETE VALLEY GUTTER 90 SF 30.00 2,700.00 7 CONCRETE WALK 42782 SF 3.50 149,737.00 8 6"PCCP 1983 SY 56.00 111,048.00 9 CLEARING&GRUBBING 23.5 LS 1,000.00 23,500.00 10 EXCAVATION 1 LS 125,000.00 125,000.00 11 END OF ROAD OBJECT MARKERS 5 SETS 300.00 1,500.00 $1,369,570.00 STORM SEWER ITEMS ITEM DESCRIPTION QUANTITY UNIT UNIT PRICE AMOUNT 1 15"RCP 418 LF 34.00 14,212.00 1 18"RCP 510 LF 38.00 19,380.00 2 21"RCP 1031 LF 45.00 46,395.00 2 24"RCP 511 LF 48.00 24,528.00 4 30"RCP 134 LF 60.00 8,040.00 4 33"RCP 84 LF 65.00 5,460.00 5 36"RCP 559 LF 74.00 41,366.00 5 42"RCP 293 LF 80.00 23,440.00 5 54"RCP 242 LF 100.00 24,200.00 8 MANHOLE 10 EA 3,200.00 32,000.00 6 INLET 24 EA 2,700.00 64,800.00 9 END OF PIPE RIPRAP STRUCTURE 3 EA 3,400.00 10,200.00 9 OFFSITE CHANNEL EXCAVATION(CHANNELS"A","B"AND"C") 1 LS 125,000.00 125,000.00 9 END OF PIPE REBAR INSTALLATION 2 SETS 2,000.00 4,000.00 $443,021.00 SUBTOTAL CONSTRUCTION $1,812,591.00 7.5%ENGINEERING,SURVEYING&TESTING 135,944.33 TOTAL $1,948,535.33 Exhibit 3 Page 1 of 2 NIXON M.WELSH,P.E.,R.P.L.S. BASS WELSH ENGINEERING 3054 S.Alameda St. Email: NixMW@aol.com TX Registration No.F-52 361 882-5521-FAX 361 882-1265 Survey Registration No.100027-00 P.O.Box 6397 Corpus Christi,TX 78466-6397 CITY REIMBURSEMENT OF ENTRANCE STREETS,SILVERADO DRIVE,FRONTAGE ROAD TO STA.9+81.41& EMORY DRIVE,FRONTAGE ROAD TO STA.7+14.38,AND OFFSITE DRAINAGE STREET&SURFACE ITEMS ITEM DESCRIPTION QUANTITY UNIT UNIT PRICE AMOUNT 1 6"CURB&GUTTER 3185 LF 13.50 42,997.50 2 5'CONCRETE VALLEY GUTTER 90 LF 30.00 2,700.00 3 2"HMAC 3933 SY 17.00 66,861.00 4 4"THICK R/C WALK 11702 SF 3.50 40,957.00 5 6"PCCP 1118 SY 56.00 62,608.00 6 8"CRUSHED LIMESTONE BASE TO 2'BC 6072 SY 22.00 133,584.00 7 8"LIME STABILIZED SUBGRADE TO 2'BC 7434 SY 5.00 37,170.00 8 CLEARING&GRUBBING 2.2 AC 1,000.00 2,200.00 9 EXCAVATION 7434 SY 2.50 18,585.00 10 STREET SIGNS 2 EA 350.00 700.00 $408,362.50 OFFSITE DRAINAGE ITEMS ITEM DESCRIPTION QUANTITY UNIT UNIT PRICE AMOUNT 1 18"RCP 40 LF 38.00 1,520.00 2 21"RCP 575 LF 45.00 25,875.00 3 24"RCP 20 LF 48.00 960.00 4 36"RCP 55 LF 74.00 4,070.00 5 42"RCP 166 LF 80.00 13,280.00 6 54"RCP 242 LF 100.00 24,200.00 7 5'INLET 5 EA 2,700.00 13,500.00 8 MANHOLE 4 EA 3,200.00 12,800.00 9 CLEARING&GRUBBING 5.7 AC 1,000.00 5,700.00 10 END OF PIPE RIPRAP STRUCTURE 3 EA 3,400.00 10,200.00 11 END OF PIPE REBAR INSTALLATION 2 SETS 2,000.00 4,000.00 12 OFFSITE CHANNEL EXCAVATION(CHANNELS"A","B"AND"C") 1 LS 125,000.00 125,000.00 $241,105.00 SUBTOTAL $649,467.50 7.5%ENGINEERING,SURVEYING,&TESTING 48,710.06 TOTAL ENTRANCE STREETS AND OFFSITE DRAINAGE $698,177.56 01, *: '•11r ,f NIXON M.WELSH .e;c1124 °14P /142 VMAI Page 2 of 2 INSURANCE REQUIREMENTS CONTRACTOR'S LIABILITY INSURANCE A. Contractor shall not commence work under this agreement until all insurance required herein has been obtained and approved by the City's Risk Manager or designee. Contractor must not allow any subcontractor to commence work until all similar insurance required of the subcontractor has been so obtained. B. Contractor shall furnish to the Risk Manager or designee two (2) copies of Certificates of Insurance, with applicable policy endorsements showing the following minimum coverage by an insurance company(s) acceptable to the Risk Manager or designee. The City must be listed as an additional insured for the General Liability policy and Business Auto Liability policy,and a waiver of subrogation is required on all applicable policies. TYPE OF INSURANCE MINIMUM INSURANCE COVERAGE 30-Day Notice of Cancellation required on all Bodily injury and Property Damage certificates or by policy endorsement(s) Per Occurrence/aggregate COMMERCIAL GENERAL LIABILITY $1,000,000 Per Occurrence 1. Broad Form $2,000,000 Aggregate 2. Premises—Operations 3. Products/Completed Operations Hazard 4. Contractual Liability 5. Broad Form Property Damage 6. Independent Contractors 7. Personal and Advertising Injury 8. Professional Liability(if applicable) 9. Underground Hazard(if applicable) 10.Environmental(if applicable) BUSINESS AUTOMOBILE LIABILITY $1,000,000 Combined Single Limit 1. Owned 2. Hired&Non-owned 3. Rented&Leased WORKERS' COMPENSATION Which Complies With The Texas Workers' (for paid employees) Compensation Act And Paragraph II Of This Exhibit. EMPLOYER'S LIABILITY $500,000/$500,000/$500,000 PROPERTY INSURANCE Contractor shall be responsible for insuring all owned, rented,or leased personal property for all perils. C. In the event of accidents of any kind related to this project, Contractor shall furnish the Risk Manager with copies of all reports of such accidents within ten(10)days of the accident. Exhibit 4 Page 1 of 3 H. ADDITIONAL REQUIREMENTS A. Contractor must obtain workers' compensation coverage through a licensed insurance company in accordance with Texas law.The contract for coverage must be written on a policy and endorsements approved by the Texas Department of Insurance. The coverage provided must be in amounts sufficient to assure that all workers'compensation obligations incurred will be promptly met. An"All States endorsement shall be included for Companies not domiciled in Texas. B. Contractor shall obtain and maintain in full force and effect for the duration of this Contract,and any extension hereof,at Contractor's sole expense,insurance coverage written on an occurrence basis,by companies authorized and admitted to do business in the State of Texas and with an A.M.Best's rating of no less than A-VII. C. Contractor shall be required to submit replacement certificate of insurance to City at the address provided below within 10 days of the requested change. Contractor shall pay any costs incurred resulting from said changes. All notices under this Article shall be given to City at the following address: City of Corpus Christi Attn: Risk Management P.O. Box 9277 Corpus Christi,TX 78469-9277 D. Contractor agrees that w ith respect to the above required insurance,all insurance policies are to contain or be endorsed to contain the following required provisions: • List the City and its officers,officials,employees,volunteers,and elected representatives as additional insured by endorsement, or comparable policy language, as respects to operations, completed operations and activities of,or on behalf of,the named insured performed under contract with the City. • The "other insurance" clause shall not apply to the City of Corpus Christi where the City is an additional insured shown on the policy; • Workers'compensation and employers'liability policies will provide a waiver of subrogation in favor of the City;and • Provide thirty (30) calendar days advance written notice directly to City of any suspension, cancellation, non-renewal or material change in coverage, and not less than ten (10) calendar days advance written notice for nonpayment of premium. E. City shall have the option to suspend Contractor's performance should there be a lapse in coverage at any time during this contract.Failure to provide and to maintain the required insurance shall constitute a material breach of this contract. F. In addition to any other remedies the City may have upon Contractor's failure to provide and maintain any insurance or policy endorsements to the extent and within the time herein required,the City shall have the right to order Contractor to stop work hereunder, and/or withhold any payment(s) which become due to Contractor hereunder until Contractor demonstrates compliance with the requirements hereof. Exhibit 4 Page 2 of 3 G. Nothing herein contained shall be construed as limitingwhich Contractor in any way the extent tomay be held responsible for payments of damages to persons or property resulting from Contractor's or its subcontractor's performance of the work covered under this agreement. H. It is agreed that Contractor's insurance shall be deemed primary and non-contributory with respect to any insurance or self insurance carried by the City of Corpus Christi for liability arising out of operations and completed operations and activities under this agreement. I. It is understood and agreed that the insurance required is in addition to and separate from any other obligation contained in this agreement. Exhibit 4 Page 3 of 3 City of Cit or Corpus Christi,Texas Department of Deselopinent Services P.O.Box 9277 Corpus Christi,Texasas 78469-9277 (36I)826-3240 Corpus 15 Located at: 2406 Leopard Street (Comer of Leopard St.and Port Are.) =Christi DISCLOSURE OF INTERESTS City of Corpus Christi Ordinance 17112, as amended, requires all persons or firms seeking to do business with the City to provide the following information. Every question must be answered. If the question is not applicable, answer with"NA". NAME: WALKER HOLDINGS & DEVELOPMENT, LLC STREET: 3540 AGNES ST CITY: Corpus Christi ZIP: 78405 FIRM is: 1 Corporation ❑ Partnership ❑ Sole Owner ❑Association ❑ Other DISCLOSURE QUESTIONS If additional space is necessary, please use the reverse side of this page or attach separate sheet. 1. State the names of each "employee" of the City of Corpus Christi having an "ownership interest" constituting 3% or more of the ownership in the above named "firm". Name Job Title and City Department (if known) NONE N/A 2. State the names of each "official" of the City of Corpus Christi having an "ownership interest" constituting 3% or more of the ownership in the above named "firm". Name Title NONE N/A 3. State the names of each "board member" of the City of Corpus Christi having an "ownership interest" constituting 3% or more of the ownership in the above named "firm". Name Board, Commission, or Committee NONE N/A 4. State the names of each employee or officer of a "consultant"for the City of Corpus Christi who worked on any matter related to the subject of this contract and has an "ownership interest" constituting 3% or more of the ownership in the above named "firm". Name Consultant NONE N/A CERTIFICATE I certify that all information provided is true and correct as of the date of this statement, that I have not knowingly withheld disclosure of any information requested; and that supplemental statements will be promptly submitted to the City of Corpus Christi, Texas as changes occur. Certifying Person: LANCE WALKS Title: MEMBER (Print) q Signature of Certifying Person: 1/ Date: 5 - 3 J-- I K\DEVELOPMENTSVCS\SHAREDU-ANDDEVELOI'MENT.ORDINANCE ADMINISTRATION\APPLICAT ION FORMS\FORMS AS PER LEGALQn I:DISCLOSURE OF INTERESTS STATEMENT]27 12 DOC Exhibit 5