HomeMy WebLinkAboutC2020-320 - 9/29/2020 - Approved AMENDMENT OF PARTICIPATION AGREEMENT
This is an amendment to the Participation Agreement for Oversizing Streets and Drainage Crossing, Document
number 2020020941, originally dated May 20, 2020, by and between: MPM Development, LP and the City of
Corpus Christi.
NOW, THEREFORE, in consideration of the mutual covenants herein, the Parties agree to amend Participation
Agreement for Oversizing Streets and Drainage Crossing, with the following addendum as follows:
Section 16 (a) is amended as follows:
Section 16. Reimbursement.
a. The maximum reimbursable amount pursuant to Section 212.071 $ Developer Participation &
212.072 of the Texas Local Government Code and UDC §8.4.1. for the Participation Agreement is
increased in the amount of$30,788.37 as shown in exhibit 3 for a total of$1,570,206.65.
Notwithstanding any other provisions in the participation agreement, the City will reimburse the
Developer/Owner the reasonable actual cost of the Streets Oversizing Construction up to an
amount not to exceed $1,570,206.65, the contents of such exhibit being incorporated by reference
into this Agreement.
Exhibit 3 addendum. Increase in cost estimate in the amount of$30,788.37 for additional expenses
associated with the project.
All other terms and conditions of the original agreement remain effective and in full force.
EXECUTED IN ONE ORIGINAL and made effective this day of rx-1-0$ , 2020.
CITY1RPUS CHRISTI MPM Development, LP
if , iiiii.di
rl ' . ' . d III, ACP, CBO Mos staghasi,
Dir•ctor ,f Development Services General Partner
APPROVED AS TO FORM:
f,,r2 il 2u RE z ECCA HUERTA
Buck Brice (date) CITY SECRETARY . .
Assistant City Attorney _
for the City Attorney
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1
STATE OF TEXAS §
COUNTY OF`" .Q e- §
This instrument was acknowledged before me on c day o , 2020, by
Mossa Mostaghasi, General Partner, MPM Development, LP, A xas limited partnership.
SPY Pia.,, CYNTHIA BUENO >
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:=��<�rt (D# 1178588-3
J R Notary Public �VR�
STATE OF TEXAS
My Comm. Exp. 11-04-2023 >
Notary Public's Signature
2
N VO CE
July 23,2020
MPM Development
Po Box 331308
Corpus Christi,TX 78463
f Exp Date Insurance',; n,._ Y
_.
5/20/20 Til Finished Ohio Casualty Bond-Road Extension-$1,539,418.28 $30,788.37
B TZ 9 $i
Comments:
1111110111155
Paid in full 07/15/2020 Paid in full 07/15/20:
Bankers Insurance Services (877)219-6519
PO Box 33012
St. Petersburg,FL 33733 bbis@bbisinsurance.com
Exhibit 3
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
Survey Registration No.100027-00
P.O.Box 6397
Corpus Christi,TX 78466-6397
18068-PCE-
OVERWIDTH
03/18/2020
KING'S LANDING UNIT 1
PRELIMINARY COST ESTIMATE
C-3 COLLECTOR STREETS IN LIEU OF 28'RESIDENTIAL STREETS
COST OF 50'88 STREET NEGLECTING WALKS
ITEM DESCRIPTION QUANTITY UNIT UNIT PRICE AMOUNT
1 8"PCCP 28345 SY 69.00 1,955,805.00
2 8"LIME STABILIZED SUBGRADE TO 2'BC 30612 SY 8.00 244,896.00
3 EXCAVATION TO 2'BC 30612 SY 2.50 76,530.00
SUBTOTAL $2,277,231.00
DEVELOPER PORTION OF COST OF 28'66 STREET NEGLECTING WALKS
ITEM DESCRIPTION QUANTITY UNIT UNIT PRICE AMOUNT
1 2"HMAC 13605 SY 18.00 244,890.00
2 6"CRUSHED LIMESTONE BASE TO 2'BC 18140 _ SY 15.00 272,100.00
3 8"LIME STABILIZED SUBGRADE TO 2'BC 18140 SY 8.00 145,120.00
4 6"CURB&GUTTER 10204 LF 13.50 137,754.00
4 EXCAVATION TO 2'BC 18140 SY 2.50 45,350.00
SUBTOTAL $845,214.00
Si60 OF T"..'fit' CITY PORTION EQUALS DIFFERENCE IN CONSTRUCTION COST 1,432,017.00
*. %‘.•11
•>! 7.5%ENGINEERING,SURVEYING,&TESTING 107,401.28
AIN M.WELSH..�
34O TOTAL AMOUNT REIMBURSABLE $1,539,418.28
61Sp."11 ;'+^4.
6147,
Exhibit 3
Page 1 of 1
Nueces County
Kara Sands
Nueces County Clerk
*VG-51-2020-2020044886*
Instrument Number: 2020044886
Official Public Records
AMENDMENT
Recorded On: October 06, 2020 10:32 AM Number of Pages: 5
" Examined and Charged as Follows: "
Total Recording: $33.00
STATE OF TEXAS
i�oNTY CoGNueces County
* ,t, ,t)ii I hereby certify that this Instrument was filed in the File Number sequence on the date/time
i ��� i printed hereon, and was duly recorded in the Official Records of Nueces County,Texas
ft`'
�1, Kara Sands
,11yo`Nu CL_--' Nueces County Clerk � � )
�... 0-1\c 1/
Nueces County, TXT
*********** THIS PAGE IS PART OF THE INSTRUMENT***********
Any provision herein which restricts the Sale, Rental or use of the described REAL PROPERTY
because of color or race is invalid and unenforceable under federal law.
File Information: Record and Return To:
Document Number: 2020044886 DEVELOPMENT SERVICES CITY OF CC
Receipt Number: 20201006000072 2406 LEOPARD STREET
Recorded Date/Time: October 06, 2020 10:32 AM
User: Regina C CORPUS CHRISTI TX 78408
Station: CLERK03