HomeMy WebLinkAboutC2023-148 - 6/27/2023 - Approved Amendment of Water Arterial Transmission and Grid Main Construction and
Reimbursement Agreement
This is an amendment to the Water Arterial Transmission and Grid Main Construction and
Reimbursement Agreement, attached hereto as Exhibit B and made a part hereof, originally
dated February 2, 2023, by and between: Cypress Point Capital, LLC ("Developer/Owner), a
Texas Limited Liability Company and the City of Corpus Christi ("City").
Whereas, the actual cost of the Water improvements exceeded the original cast estimate by
$79,923.
NOW,THEREFORE, in consideration of the mutual covenants herein,the Parties agree to amend
the Water Arterial Transmission and Grid Main Construction and Reimbursement Agreement,with
the following amendment as follows:
SECTION 16. REIMBURSEMENT.
a. The cost for the Water Arterial Transmission and Grid Main Construction and
Reimbursement Agreement less $13,459.68 lot/acreage fee credit is
$551,371.10. Subject to the conditions for reimbursement from Water Arterial
Transmission and Grid Main System Trust Fund per the UDC and this Agreement, the
City will reimburse the developer, the reasonable actual cost of the Wastewater
Improvements up to an amount not to exceed $551,371.10 as shown in the
attached Exhibit A, the contents of such exhibit being incorporated by reference into
this Agreement.
All other items and conditions of the original agreement remain effective and in full force.
EXECUTED IN ONE ORIGINAL and made effective fox' day of Pl()44l , 20 ?
ATTE T: CITY �' t'RPUS ,RI .TI
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Rebecca Huerta A:ert . 'a and III,
City Secretary Direct'r of ►evelopment Services
APPROVED AS TO LEGAL FORM:
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IT MINCH.
Buck Brice (Date)
Deputy City Attorney
For City Attorney
1
SCANNED
DEVELOPER/OWNER:
Cypress Point Capital, LLC
By:
George Shaheen, ow
Manager
STATE OF TEXAS §
COUNTY OF
This instrument was acknowledged before me on .60 , by
George Shaheen, Manager of Cypress Point Capital, LLC, on behalf of said company.
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,'• 1 �c BETTY DEREESE Notary.'ublic's Signature
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• EXHIBIT B
WATER ARTERIAL TRANSMISSION AND GRID MAIN CONSTRUCTION
AND REIMBURSEMENT AGREEMENT
STATE OF TEXAS §
§
COUNTY OF NUECES §
This Water Arterial Transmission and Grid Main Construction and Reimbursement Agreement
("Agreement") is entered into between the City of Corpus Christi ("City"), a Texas home-rule
municipality, and Cypress Point Capital, LLC (°Developer/Owner"), a Texas Limited Liability
Company.
WHEREAS,the Developer/Owner, in compliance with the City's Unified Development
Code("UDC"), has a plat, approved by the Planning Commission on November 10, 2021,to
develop a tract of land,to wit approximately 18,720 acres known as Caroline's Heights Unit 1, in
Corpus Christi Texas as shown in the attached Exhibit 1, the content of such exhibit being
incorporated by reference into this Agreement;
WHEREAS, under the UDC, the Developer/Owner is responsible for construction of the
Arterial Transmission and Grid Main Extension ("Grid Main Extension").
WHEREAS, it is in the best interests of the City to have the Grid Main Extension
constructed to its ultimate capacity under the City's applicable Master Plan.
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WHEREAS, Section 8.5.1.c. of the UDC authorizes the acceptance of applications to be
eligible for reimbursement in the future when certain funds become available in the Arterial
Transmission and Grid Main Line Trust Fund and are appropriated by the City Council; and
WHEREAS,the Developer/Owner has submitted an application for reimbursement of the ;
costs of extending a Grid Main Extension as show in Exhibit 2,the content of such exhibit being
incorporated by reference into this Agreement
NOW,THEREFORE, in consideration of the mutual promises and covenants contained
in this Agreement,the parties do covenant and agree as follows:
1. TRUSTEE LIABILITY.
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The City is executing this agreement as trustee of the Wastewater Trust Fund pursuant
to UDC §8.5.The City is acting as trustee to further its governmental functions of
providing water and sewer service.Texas Constitution Article 11, Section 3 prohibits the
City from becoming a subscriber to the capital of any private corporation or association,
or make any appropriation or donation to the same, or in anywise loan its credit.As
such, the City's participation as Trustee does not create a loan of its credit. Execution of I
this agreement constitutes a promise to pay only to the extent that the assets and future .
assets of the trust are sufficient for such purpose, and it is expressly agreed that any
judgment will only be satisfied out of the assets of the trust and not out of the City's.
assets.The City is excluded from personal liability.
2. REQUIRED CONSTRUCTION.
Developer/Owner shall construct the Grid Main Extension in compliance with the City's '
UDC, the City's Infrastructure Design Manual, and all local, state and federal laws,i
codes and regulations, in accordance with the plans and specifications submitted to the
City's Development Services Department and reviewed and approved by the City's
Development Services Engineer.
3. PLANS AND SPECIFICATIONS.
a. Developer/Owner shall contract with a professional engineer licensed in the State of
Texas and acceptable to the City's Development Services Engineer,to prepare plans
and specifications for the Grid Main Extension, as shown in the attached Exhibit 3,
the content of such exhibit being incorporated by reference into this Agreement,with
the following minimum requirements:
NATER ITEMS QUANTITY UNIT
1 12"PVC P/PE 3153 LF
2 12"CAP TAPPED FOR 2" 2 ' EA
.. 3 12"TEE a EA
4 12"GATE VALVE W/BOc 7 EA
5 12"EL,ANY ANGLE 4 - EA
6 RREHYDRANTASSEMBLY 5 EA
7 G"DIAX3 'PVC PIPE NIPPLE 15 EA
8 6'S0°EL 4 EA
9 6"GATE VALVE WJBOX S EA -
b. The plan must be in compliance with the City's master plans.
c. The plans and specifications must comply with the City's Wastewater Distribution
Standards and Standard Specifications.
d. Before the Developer/Owner starts construction,the plans and specifications must be •
approved by the City's Development Services Engineer.
3. SITE IMPROVEMENTS.
Prior to the start of construction of the Grid Main Extension, Developer/Owner shall
acquire and dedicate to the City the required additional public utility easements
("Easements"), if any, necessary for the completion of the Grid Main Extension. If any of
the property needed for the Easements is owned by a third party and the
Developer/Owner is unable to acquire the Easements through reasonable efforts,then
the City may use its powers of eminent domain to acquire the Easements. Developer will
be responsible for cost of acquisition, payable from the reimbursement agreed to in this
agreement.
4. PLATTING FEES. •
Developer/Owner shall pay to the City the required acreage fees and pro-rata fees as --
required by the UDC.
5. DEVELOPER/OWNER TO AWARD CONTRACT FOR IMPROVEMENTS.
Developer/Owner shall award a contract and complete the Grid Main Extension, under
the approved plans and specifications,within 24 months of the approval of this
Agreement by City Council.
WASTEWA l ER COLLECTION LINE EXTENSION CONSTRUCTION
AND REIMBURSEMENT AGREEMENT
Page 2 of 12
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6. TIME IS OF THE ESSENCE.
Time is of the essence in the performance of this contract
7. PROMPT AND GOOD FAITH ACTIONS.
The parties shall act promptly and in good faith in performing their duties and obligations
under this Agreement. If this Agreement calls for review or inspections by the City,then
the City's reviews or inspections must be completed thoroughly and promptly.
8. DEFAULT.
The following events shall constitute default
a. Developer/Owner fails to engage a professional engineer for the preparation of plans
and specifications by the 10th calendar day after the date of approval of this
Agreement by the City Council.
b. Developer/Owner's professional engineer fails to submit the plans and specifications
to the City's Director of Engineering Services and to the Development Services
Engineer by the 60th calendar day after the date of approval of this Agreement by the
City Council.
c. Developer/Owner fails to award a contract for the construction of the project,
according to the approved plans and specifications, by the 70th calendar day after the
date of approval of this Agreement by the City Council.
d. Developer/Owner's contractor does not reasonably pursue construction of the project
under the approved plans and specifications.
e. Developer/Owner's contractor fails to complete construction of the project,under the
approved plans and specifications, on or before 24 months of the approval of this
Agreement by City Council.
f. Either the City or the Developer/Owner otherwise fails to comply with its duties or
obligations under this Agreement.
10. NOTICE AND CURE.
a. 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.
b. After delivery of the default notice,the defaulting party has 15 business days from the
delivery of the default notice("Cure Period")to cure the default.
c. 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.
WASTEWATER COLLECTION LINE EXTENSION CONSTRUCTION
AND REIMBURSEMENT AGREEMENT
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Page 3 of 12
d. Should the Developer/Owner fail to perform any obligation or duty of this Agreement,
the City shall give notice to the Developer/Owner, at the address stated in section 12,
of the need to perform the obligation or duty and,should the Developer/Owner 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/Owner by reducing the reimbursement amount due to the
Developer/Owner.
e. In the event of an uncured default by the Developer/Owner,after the appropriate
notice and Cure Period,the City has all its common law remedies and the City may:
1. Terminate this Agreement after the required notice and opportunity to cure the
default.
2. Refuse to record a related plat or issue any certificate of occupancy for any
structure to be served by the project;and/or
3. Perform any obligation or duty of the Developer/Owner under this Agreement and
charge the cost of such performance to the Developer/Owner. The
Developer/Owner shall pay to the City the reasonable and necessary cost of the
performance within 30 days from the date the Developer/Owner receives notice of
the cost of performance. In the event the Developer/Owner 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.
f. In the event of an uncured default by the City after the appropriate notice and Cure
Period,the Developer/Owner has all its remedies at law or in equity for such default
11_ FORCE MAJEURE_
a. The term"force majeure"as employed in this Agreement means and refers to acts of
God; strikes, lockouts, or other industrial disturbances;acts of public enemies;
insurrections; 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.
b. 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 ten (10) business 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.
12. NOTICES.
a. 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:
WASTEWATER COLLECTION UNE EXTENSION CONSTRUCTION
AND REIMBURSEMENT AGREEMENT
•
Page 4 of 12
1. If to the Developer/Owner:
Cypress Point Capital,LLC
61 Bare Le Doc •
Corpus Christi,TX 78414
2. If to the City:
City of Corpus Christi
Attn: Director, Development Services Department
2406 Leopard Street 78401
P.O. Box 9277 •
Corpus Christi,Texas 78469-9277
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with a copy to:
City of Corpus Christi
Attn: Assistant City Manager, Business Support Services
1201 Leopard Street 78401
P. O.Box 9277 •
Corpus Christi,Texas 78469-9277
b. 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.
c. Either party may change the address for notices by giving notice of the'change under •
the provisions of this section.
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13. THIRD PARTY BENEFICIARY.
Developer/Owner's contracts with the professional engineer for the preparation of the
plans and specifications for the construction of the Collection Line,contracts for testing
services,and contracts with the contractor for the construction of the Collection Line
must provide that the City is a third-party beneficiary of each contract.
14. PERFORMANCE AND PAYMENT BONDS.
Developer/Owner shall, before beginning the work that is the subject of this Agreement,
furnish a performance bond payable to the City of Corpus Christi if the contract is in
excess of$100,000 and a payment bond if the contract is in excess of$50,000. Bonds •
furnished must meet the requirements of Texas Insurance Code 3503,Texas
Government Code 2253,and all other applicable laws and regulations.The performance
or payment bond must name the City as an obligee. If the Developer/Owner is not an
obligor,the Developer/Owner shall be named as a joint obligee. The bond must clearly
and prominently display on the bond or on an attachment to the bond: :
(1)the name, mailing address, physical address,and telephone number, including the
area code,of the surety company to which any notice of claim should be sent;or
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WASTEWATER COLLECTION LINE EXTENSION CONSTRUCTION
AND REIMBURSEMENT AGREEMENT
Page 5 of 12
(2)the toll-free telephone number maintained by the Texas Department of Insurance
under Subchapter B, Chapter 521, Insurance Code,and a statement that the address
of the surety company to which any notice of claim should be sent may be obtained •
from the Texas Department of Insurance by calling the toll-free telephone number.
15. WARRANTY.
Developer/Owner shall fully warranty the workmanship of and function of the Grid Main
Extension and the construction thereof for a period of one year from and after the date of
acceptance of the facilities by the City's Director of Engineering Services.
16. REIMBURSEMENT.
a. The cost for the Grid Main Extension less$13,459.68 lot/acreage fee credit is
$471,448.10. Subject to the conditions for reimbursement from the Water Arterial
Transmission and Grid Main Trust Fund and the appropriation of funds,the City will
reimburse the developer the reasonable actual cost of the Grid Main Extension up to
an amount not to exceed $471,448.10 as shown in the attached Exhibit 4,the
contents of such exhibit being incorporated by reference into this Agreement •
b. Subject to the conditions for reimbursement from the Water Arterial Transmission and
Grid Main Trust Fund and the appropriation of funds,the City agrees to reimburse the
Developer/Owner monthly upon invoicing for work performed.The submitted invoice
shall be deemed administratively complete by the City prior to payment The
reimbursement will be made no later than 30 days from the date of the City's
administrative approval of the invoice. Developer/Owner shall submit all required •
performance bonds under the provisions of this Agreement
c. Cost-supporting documentation to be submitted shall include:
1. Summary of Costs and Work Performed Form provided by the Development
Services Department
2. Contractor and professional services invoices detailing work performed
3. The first reimbursement request requires submittal of invoices for work performed.
Future disbursements shall provide evidence of payment by the developer/owner
through a cancelled check or bank ACH for the previous submittal.The final
reimbursement request shall require evidence that all invoices to date have been
paid.
d. To be eligible for reimbursement,the work must be constructed in a good and
workmanlike manner and must have been inspected and accepted by the City. The
City agrees to conduct periodic inspections and approve the progress of the work at
key points during construction.
The final 5%of the total contract reimbursement amount will be held as retainage until
such time the City issues acceptance of public infrastructure in accordance with
• Unified Development Code.
WASTEWATER COLLECTION LINE EXTENSION CONSTRUCTION
AND REIMBURSEMENT AGREEMENT
Page 6 of 12
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e, In the event that this Agreement is terminated by the City as a result of an uncured
default by the Developer/Owner and at a time when there has been a partial
completion and/or partial payment for the improvements,then the City shall only
reimburse the Developer/Owner for its costs that were legitimately incurred towards
the completion of the improvements that have been inspected and accepted by the
City up to the time that the uncured default occurred.
17. PAYMENTS, CREDITS AND DEFERRED REIMBURSEMENT.
All payments, credits, priority of reimbursement,and deferred reimbursement shall be
made in accordance with UDC§8.5. Developer/Owner understands and agrees that if
funds are not available in the Water Arterial Transmission and Grid Main Trust Fund,
that reimbursement will not be made until such funds are available,appropriated,and
this Agreement has priority per UDC§8.5.1.C.
18. INDEMNIFICATION.
Developer/Owner 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 city 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 Developer/Owner's failure to
comply with its obligations under this agreement or to provide
city wastewater service to the development, including injury, loss,
or damage which arise out of or are in any manner connected
with, or are claimed to arise out of or be in any manner connected
with the construction, installation, existence, operation, use,
maintenance, repair, restoration, or removal of the public
improvements associated with the development described above,
including the injury, loss or damage caused by the sole or
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
WASTEWATER COLLECTION UNE EXTENSION CONSTRUCTION
AND REIMBURSEMENT AGREEMENT
Page 7 of 12
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attorney's fees, which arise, or are claimed to arise, out of or in
connection with the asserted or recovered incident.
This indemnity specifically includes all claims, damages, and
liabilities of whatever nature, foreseen or unforeseen, under any
hazardous substance laws, including but not limited to the
following:
(a) all fees incurred in defending any action or proceeding
brought by a public or private entity and arising from the
presence, containment, use, manufacture, handling,
creating, storage, treatment, discharge, release or burial
on the property or the transportation to or from the
property of any hazardous substance. The fees for which
the developer/owner shall be responsible under this
subparagraph shall include but shall not be limited to the
fees charged by (i) attorneys, (ii) environmental
consultants, (iii) engineers, (iv) surveyors, and (v) expert
witnesses.
(b) any costs incurred attributable to (i) the breach of any
warranty or representation made by Developer/Owner in
this agreement, or (ii) any cleanup, detoxification,
remediation, or other type of response action taken with
respect to any hazardous substance on or under the
property regardless of whether that action was mandated
by the federal, state or local government.
This indemnity shall survive the expiration or earlier termination
of the agreement.
19.ASSIGNMENT OF AGREEMENT.
This Agreement or any rights under this Agreement may not be assigned by the
Developer/Owner to another without the written approval and consent of the City's City
Manager.
20. DISCLOSURE OF INTEREST.
Developer/Owner agrees,in compliance with the Corpus Christi Code of Ordinance Sec.
2-349,to complete, as part of this Agreement,the Disclosure of Interest form attached to
this Agreement as Exhibit 5.
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WASTEWATER COLLECTION LINE EXTENSION CONSTRUCTION
AND REIMBURSEMENT AGREEMENT •
Page 8of12
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21. EFFECTIVE DATE.
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This Agreement becomes effective and is binding upon and inures to the benefit of the
City and the Developer/Owner and their respective heirs,successors, and assigns from
and after the date of final execution by all parties.
22. DEDICATION OF COLLECTION LINE.
Upon completion of the construction,dedication of Grid Main Extension will be subject to
City inspection and approval.
23. CERTIFICATE OF INTERESTED PARTIES.
Developer/Owner 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/eff 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/iegal/ch46.html.
24. CONFLICT OF INTEREST
Developer/Owner 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 f you need to file a Form CIQ, please review the
information on the City Secretary's website at http://www.cctexas.com/govemment/city-
secretary/conflict-disclosure/index
25. AUTHORITY.
All signatories signing this Agreement warrant and guarantee that they have the
authority to act on behalf of the entity represented and make this Agreement binding and
enforceable by their signature.
WASTEWATER COLLECTION UNE EXTENSION CONSTRUCTION
AND REIMBURSEMENT AGREEMENT
Page 9 of 12
Remainder of page intentionally left blank;signature page to follow.
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WASTEWATER COLLECTION LUNE EXTENSION CONSTRUCTION '.
AND REIMBURSEMENT AGREEMENT 1
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Page 10 of 12
EXECUTED IN ONE ORIGINAL this „- day of ,t-1 '!t.,\,.o^a , 202.
r
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ATTEST. CITY OF CORPUS CHRISTI
RI CA:C.— -.0
Rebecca Huerta Albert J. Raymond III '
City Secretary Director of Development Services
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THE STATE OF TEXAS § 37 C'..1.:4740 i" JO- .23
Assort!.
§ KJ)Ar3
COUNTY OF NUECES §
This instrument was acknowledged before me on �vth1(„r , egoby
Albert J. Raymond Ill, Director of Development Service for the City of Corpus Christi,
Texas.
.
�s‘vW,/ JOANN SALINAS
?_rR `e' '
Notary Public,State of Texas
Yom...^..=e Comm.Expires 03-02-2026 /
%F°;„�+`� Notary ID 133621810 i t
Not Public's Signature
Approved to Legal Form:
kr . ,,,,L 4:::-/' •.____ .•
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Buck Brice
Assistant City Attorney •
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WASTEWATER COLLECTION LINE EXTENSION CONSTRUCTION
AND REIMBURSEMENT AGREEMENT f
Page 11 of 12
DEVELOPER/OWNER:
Cypress Point Capital, LLC
61 Bare Le Doc
Corpus Christi,TX 78414
By. %%0 •
George Shaheen
Manager
STATE OF TEXAS §
COUNTY OF(Nit-U/3 q
This instrument was acknowledged before me on '!I ,2022, by
George Shaheen, manager, on behalf of Cypress Point Capital, LLC.
Eittl /‘61ALIA.A../
"�� BETTY DEREESE ( otary�'ublic's Signature
$ot ry ID#4751441 I
� 41/'••‘ 46.04.-, My Commission Expires
tfJune 2,2023
WASTEWATER COLLECTION UNE EXTENSION CONSTRUCTION
AND REIMBURSEMENT AGREEMENT
Page 12 of 12
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EXHIBIT 2
APPLICATION FOR WATER LINE CREDIT
We,Cypress Point Capital,LLC,61 Bar le Do;Corpus Christi,Texas 78414,owners and developers of proposed
Caroline's Heights Unit 1 subdivision,hereby apply for$13,459.68 credit towards the water acreage fee for the
installation of the 12"Water Grid Main in conjunction with Caroline's Heights Unit 1 subdivision,as provided for
by City Ordinance No.17092.$484,907.78 is the construction cost,including 7.5%Engineering,Surveying,and ,
Testing,as shown by the cost supporting documents attached herewith.
2-9-d0oZ
George Shaheen, •resident (Date)
THE STATE OF TEXAS §
COUNTY OF NUECES §
'ib
S
This instrument was acknowledged before me on ' 4) ,2021,by
George Shaheen,President of Cypress Point Capital,LLC,on behalf of a said corporation.
��a'°,e' BETTY DEREESE •� ' ' 14)114)L
1 z°�L` Notary ID P4751441 0 ���
af7r�`/� My Commission Expires ( otary j ublic in and for Nueces County,Texas
''f��`h June 2,2023
(I
CERTIFICATION
The information submitted with this application has been reviewed and determined to be correct and a •
credit of$ 1 > fff7. a is herewith approved.
L•velopment Services Engineer (Date)
.
EXHIBIT 2
APPLICATION FOR WATER LINE REIMBURSEMENT
We,Cypress Point Capital,LLC,61 Bar le Doc,Corpus Christi,Texas 78414,owners and developers of
proposed Caroline's Heights Unit 1 subdivision,hereby request reimbursement of$471,448.10 for the installation
of the 12"Water Grid Main in conjunction with Caroline's Heights Unit 1 subdivision,as provided for by City
Ordinance No.17092.$484,907.78 is the construction cost,including 73%Engineering,Surveying,and Testing in
excess of the acreage fee,as shown by the cost supporting documents attached herewith.
George Shaheen,-esident (Date)
THE STATE OF TEXAS §
COUNTY OF NUECES § a��
This instrument was acknowledged before me on ,202>,�,by
George Shaheen,President of Cypress Point Capital,LLC,on behalf corporation. •
I �' BETTY DEREESE I
Il Y,el Notary ID#4751441 ., r' -� �...ib.. Al
1 '4Y' My Commission Expires 1 Notary P•blic in and for Nueces County,Texas
ii �forJune 2,2023 I
CER 1Tk1CATION .
The information submitted with this application for reimbursement has been reviewed and determined to
be correct. Reimbursement is subject to:
(a)Sufficiency of funds in the Grid Main Trust Fund,and
(b)Appropriation and approval by the City Council.
/fjirj=72X #Fe152-42-7--
Development Services Engineer (Date)
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NIXON M.WELSH,P.E.,R.P.LS. 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
EXHIBIT 4 1501104/202
CAROLINE'S HEIGHTS
REIMBURSEMENT COST ESTIMATE
12°GRID MAIN •
WATER IMPROVEMENTS REIMBURSABLE BY CITY
WATER ITEMS QUANTITY UNIT UNIT PRICE AMOUNT
• 1 12"PVC PIPE 3153 LF 90.00 283,770.00
2 12"CAP TAPPED FOR 2" 2 EA 3,500.00 7,000.00
3 12"TEE 8 EA 2,000.00 16,000.00
4 12"GATE VALVE W/BOX 7 EA 5,000.00 35,000:00
S 12"EL,ANY ANGLE 4 EA 1,200.00 4,800.00
6 FIRE HYDRANT ASSEMBLY 5 EA 7,000.00 35,000.00
7 6°DIA X 30"PVC PIPE NIPPLE 15 EA 800.00 12,000.00
8 6°90'EL 4 EA 1,000.00 4,000.00
9 6"GATE VALVE W/BOX 5 EA 2,500.00 12,500.00
SUBTOTAL 410,070.00
a ork%
r�.t-......•t+ '1 lOYoCONTINGINCIES 41,00-AGO,
.t b,.r' ti
s*.
st* *t SUBTOTAL $451,077.00
Ng(ON M.WELS z.v ;
Vol36240 7.5%ENGINEERING,SURVEYING&TESTING 33,830.78
•
Ta,.� 6jli. O6� SUBTOTAL $484,90i.78
pr.... LESS WATER AGREAGE FEE,18.72 AC @$719/AC -13,459.68
TOTAL AM MOUNT REIMBURSABLE $471,448.10
•
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Page 1 of 1 .
DocuSign Envelope ID:24303BAE-26BD-4AOD-9180-1EA243127E79
Goy • ti�,� EXHIBIT 5
o DISCLOSURE OF INTERESTS
•
Development Services Department.
2406 Leopard St.Corpus Christi,TX 78408 ( Phone:361.826.3240 I platappllcation@cctexas.com
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: Cypress Point Capital LLC
STREET: 61 Bar Le Doc CITY: Corpus Christi Texas Zip: 78414
FIRM is: Ij Corporation ❑Partnership 0 Sole Owner 0 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
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 •
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
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 •
CERTIFICATE (To Be Notarized)
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: George Shaheen Title: Managing Member
Docub,gned ey:
(Print)
Signature of Certifying Person: Date: Dec. 22, 2021
oI 434 tt4b/...
Land Development Division I Form No.4011 Revised 6/13/19 I Page 1 of 2
DocuSign Envelope ID:24303BAE-26B0-4AOD-9180-1EA243127E79
c(-Pus
A DEFINITIONS EXHIBIT 5
�eSZ6, Development Services Department
2406 Leopard St.Corpus Christi,TX 78408 I Phone:361.826.3240 I platappicotion@cctexos.com
•
a. 'Board Member". A member of any board,commission or committee appointed by the City Council of the City of
Corpus Christi,Texas.
b. "Employee'. Any person employed by the City of Corpus Christi,Texas, either on a full or part time basis, but
not as an independent contractor.
c. 'Firm". Any entity operated for economic gain, whether professional, industrial or commercial and whether
established to produce or deal with a product or service,including but not limited to,entities operated in the form
of sole proprietorship, as self-employed person, partnership, corporation, joint stock company, joint venture,
receivership or trust and entities which,for purposes of taxation,are treated as non-profit organizations.
d. 'Official". The Mayor, members of the City Council, City Manager, Deputy City Manager, Assistant City
Managers,Department and Division Heads and Municipal Court Judges of the City of Corpus Christi,Texas.
•
e. "Ownership interest". Legal or equitable interest, whether actually or constructively held, in a firm, including
when such interest is held through an agent, trust, estate or holding entity. "Constructively held" refers to
holding or control established through voting trusts, proxies or special terms of venture or partnership
agreements.
f. 'Consultant". Any person or firm, such as engineers and architects, hired by the City of Corpus Christi for the
purpose of professional consultation and recommendation.
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•
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I
I
Lard Development Division I Form No.401 I Revised 6/13/19 I Page 2 of 2