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HomeMy WebLinkAboutC2025-212 - 10/13/2025 - NA DEFERMENT AGREEMENT STATE OF TEXAS § COUNTY OF NUECES § This deferment agreement ("Agreement") is entered into between the City of Corpus Christi ("City"), a Texas home-rule municipality, and Solid Rock Commercial Properties, Ltd ("Developer"), a Texas Limited Partnership in order to defer the completion of certain required public improvements prior to recording the final plat of SOLID ROCK INDUSTRIAL PARK — PHASE 1 (the "Plat"). A copy of the Plat is attached and incorporated by reference into this Agreement as Exhibit 1. WHEREAS, the Developer is obligated under Section 8.1 of the Unified Development Code ("UDC") to construct the required public improvements before the final Plat is endorsed by the City's City Engineer or Development Services Engineer, as applicable ("City Engineer"); WHEREAS, the Developer is seeking to delay the construction of the required public improvements ("Deferred Improvements") shown in Exhibit 2, which exhibit is attached and incorporated by reference into this Agreement, and to have the Plat filed immediately with the County Clerk of Nueces County, Texas; WHEREAS, the developer is seeking deviation from the standard form deferment agreement to forego the financial security required by Section 3.30.1 of the UDC in the amount representing 110% of the estimated cost of constructing the Deferred Improvements; and WHEREAS, any deviations from the approved standard form deferment agreement require a recommendation from the Planning Commission and an approval by the City Council per Section 8.1.10.B.4. of the UDC; NOW, THEREFORE, for the consideration set forth in this Agreement, the City and Developer agree as follows: 1. Preamble. The above preamble and all defined terms therein are incorporated in this Agreement for all purposes. In addition, the preamble to this Agreement is included as substantive content in this instrument and upon which both parties to this Agreement have relied and will continue to rely during the term of this Agreement. 2. Consideration. In consideration of the Developer's request to enter into this Agreement and the commitment to the construction of the Deferred Improvements, the City agrees to allow the final Plat to be endorsed by the City Engineer and filed for record with the County Clerk of Nueces County prior to the construction of the Deferred Improvements and without financial security in the amount representing 110% of the estimated cost of constructing the Deferred Improvements as required by the Unified Development Code. 3. Development Fees. Prior to the filing of the Plat with the County Clerk of Nueces County, the Developer must pay all development fees for the Plat as required by the Corpus Christi Code and UDC. Page 1 of 6 Deferment Agreement— No Financial Security SCANNED 4. Improvements. a. Developer covenants to construct and install, at Developer's expense, all external and internal subdivision improvements required to comply with City ordinances, regulations, and policies governing subdivision approval for the Plat, including Deferred Improvements as shown in Exhibit 2 and Exhibit 3. b. Deferred Improvements are to be completed in conformance with the City's engineering standards by October 31, 2026. c. No building permit for vertical structures shall be issued for any portion of the real property that is subject to the Plat until the Deferred Improvements are constructed. 5. Time is of the Essence. Time is of the essence in the performance of this Agreement. 6. Improvements Approval. Detailed construction drawings must be provided by the Developer and approved by the City's Departments of Development Services and Engineering prior to the start of construction of the Deferred Improvements. 7. Improvements Construction Standards. The Developer shall construct the Deferred Improvements in accordance with the City's engineering standards in effect at the time of construction and in accordance with the construction drawings approved by the City departments pursuant to the section above. 8. Acceptance of Improvements. Upon completion of all Deferred Improvements by the Developer as verified by the Assistant City Manager and Director of Development Services and within the time period stated in this Agreement, acceptance of the Deferred Improvements by the City Engineer, the Developer is released from the obligation to notify purchasers of lots of this Agreement. 9. Warranty. Developer fully warranties the workmanship of and function of the Deferred Improvements and the construction thereof for a period of two years for streets, curbs, gutters, and sidewalks and one year for all other improvements from and after the date of acceptance of the improvements by the City Engineer. 10. Default. a. If Developer defaults in any of its covenants or obligations under this Agreement, the Developer shall have 30 days from the date the written notice is sent to cure the default. If the Developer fails to cure the default within 30 days, the City may seek the following remedies: I. Vacation of the Plat; II. Denial of building permits for any vertical structures on any portion of the real property that is the subject of the Plat; and/or III. Denial of Certificate of Occupancy for any structure on any portion of the real property that is the subject of the Plat. Page 2 of 6 Deferment Agreement— No Financial Security b. The City is not responsible for constructing or completing any Deferred Improvements. 11. Notice. Any notice required or permitted to be given by either party shall be in writing and must be provided by personal delivery, fax, or certified United States mail, postage prepaid, return receipt requested, and notice is deemed sufficiently given if addressed to the appropriate party at the address shown for the party in the signature block of this Agreement or faxed to the fax phone number shown in the signature block for the party. By notifying the other in accordance with the provisions of this section, any party may specify a different address or addressee for notice purposes. 12. Building Permits and Certificate of Occupancy. The City reserves the right not to issue building permits and certificates of occupancy for all or any portion of the real property that is the subject of the Plat until the Deferred Improvements are constructed, installed in working order, and accepted by the City Engineer in accordance with the provisions of this Agreement. 13. Assignment. No party may assign this Agreement or any rights under this Agreement without the prior written approval of the other party and by amendment to this Agreement. 14. Covenant Running with the Land. By execution of this Agreement, the Developer covenants to construct the Deferred Improvements required by this Agreement, and this covenant shall be a covenant running with the land. Therefore, at the Developer's expense, the City shall file this Agreement with the Official Public Records of Real Property of Nueces County. 15. Lot Conveyance The Developer shall include a provision in all contracts, deeds, and instruments of conveyance for the sale of any lot within the Plat to provide notice of this Agreement by referencing its recorded document number and providing a brief summary of its contents, including Sections 4, 10, and 12. 16. INDEMNIFICATION. DEVELOPER SHALL INDEMNIFY, DEFEND, AND HOLD HARMLESS THE CITY OF CORPUS CHRISTI, ITS OFFICERS, EMPLOYEES, AND AGENTS, ("INDEMNITEES") FROM AND AGAINST ALL CLAIMS, DAMAGES, LOSSES,AND EXPENSES, INCLUDING BUT NOT LIMITED TO ATTORNEY'S FEES,ARISING OUT OF OR RELATED TO THE PERFORMANCE OF THIS AGREEMENT, REGARDLESS OF WHETHER SUCH CLAIM IS CAUSED IN PART BY THE NEGLIGENCE OF THE CITY. DEVELOPER'S DUTY TO DEFEND AND INDEMNIFY SHALL APPLY REGARDLESS OF THE MERITS OF THE UNDERLYING CLAIM AND SHALL REMAIN IN EFFECT EVEN IF CITY IS ULTIMATELY DETERMINED TO BE SOLELY AT FAULT. 17. Modifications. No changes or modifications to this Agreement may be made, nor any provisions waived, unless the change or modification is made in writing and signed by persons authorized to sign agreements on behalf of each party. 18. Severability. Page 3 of 6 Deferment Agreement — No Financial Security If, for any reason, any section, paragraph, subdivision, clause, provision, phrase, or word of this Agreement or the application thereof to any person or circum- stance is, to any extent, held illegal, invalid, or unenforceable under present or future law or by a final judgment of a court of competent jurisdiction, then the remainder of this Agreement, or the application of said term or provision to persons or circumstances other than those as to which it is held illegal, invalid, or unenforceable, will not be affected thereby, for it is the definite intent of the parties to this Agreement that every section, paragraph, subdivision, clause, provision, phrase, or word of this Agreement be given full force and effect for its purpose. 19. Disclosure of Interest. The Developer shall, in compliance with Section 2-349 of the City's Code of Ordinances, complete the City's Disclosure of Interests form, which is attached to this Agreement as Exhibit 4, the contents of which, as a completed form, are incorporated in this Agreement by reference as if fully set out here in its entirety. 20. Compliance with Laws. The Developer shall comply with all federal, state, and local laws, regulations, and rules applicable to the performance of this Agreement. 21. Governing Law and Venue. This Agreement shall be construed under and in accordance with the laws of the State of Texas, and all obligations of the parties created pursuant to this Agreement are performable in Nueces County, Texas. Venue for all actions arising from or pursuant to this Agreement shall be brought in Nueces County, Texas. 22. Strict Performance. Strict performance of the provisions of this Agreement by the Developer is required by the City as a condition of this Agreement. The Developer specifically acknowledges and agrees that failure by the Developer to adhere or comply with any term, condition, or requirement of this Agreement constitutes a default of this Agreement. 23. Authority to Act. All signatories to this Agreement warrant and guarantee that they have the authority to act on behalf of the person or entity represented and make this Agreement binding and enforceable by their signature. 24. Termination. This Agreement terminates upon acceptance of all Deferred Improvements by the City, completion of all Deferred Improvements by the City, or upon plat vacation. 25. Effective Date. This Agreement is executed in one original document. This Agreement becomes effective and is binding upon and inures to the benefit of the City and Developer and their successors and assigns from and after the date the Agreement has been executed by all signatories. Attached and incorporated by reference into this Agreement: Exhibit 1 — Plat Exhibit 2 — Required Public Improvements Exhibit 3 — Cost Estimate for Public Improvements Exhibit 4 — Disclosure of Interests Page 4 of 6 Deferment Agreement — No Financial Security EXECUTED IN ONE ORIGINAL BY THE DEVELOPER AND CITY. DEVELOPER Solid Rock Commercial Properties Ltd 102 Airport Rd, Corpus Christi, TX 78405 ail4,,t-tutt_ Adriana Ortiz President of SRCP Management, LLC General Partner of Solid Rock Commercial Properties, Ltd THE STATE OF Tex0.S § COUNTY OF is) c This instrument was acknowledged before me on 55 Oc.„-t aOc 5 , 2025, by Adriana Ortiz, President of SRCP Management, LLC, on behalf of Solid Rock Commercial Properties, Ltd. Notary ub . 's ignature ooti ,' $THA(a'I, P� �.'ktass tiC i `any Y P 31S CI �4 OF� -°off, Exp Deferment Agreement—No Financial Security Page 5 of 6 CITY OF CORPUS CHRISTI P. O. Box 9277 Corpus Christi, TX 78469-9277 (361) 826-3240 Office (361) 826-4428 Fax • Michae Dice, Director of Development Services THE STATE OF TEXAS § COUNTY OF NUECES § This instrument was acknowledged before me on I , 2025, by Michael Dice, Director of Development Service for the City o orpus Christi, Texas. ,s""1" JOANN SALINAS Notary u c's Signature ; c-Notary Public, State of Texas Comm.Expires 03-02-2026 Notary ID 133621810 Approved to Legal Form: eghlidi *44 Buck Brice Deputy City Attorney Deferment Agreement—No Financial Security Page 6 of 6 L!u! z2f -- W $ `-;3 Ail • �y g a- ww Y ' Si° _ c) .. i n O > !-s i uoos m 'F'lzoL,06po m 5W§v3i o zC< o s<o^Sg.,ut r W y p pi gn0i4ES& F 2 ZF m 66 x Wz ® 2" ik =6 X IZ u vz 3 ru�o y. 5i1,<: tl oho cZ* _,o_�^p usy'. I y J b„ f a g. a $ w s Q g = P:fth. 8I 1G I id° ,isJ2i- W 0 b : a 10 di _ ate ' 6J . 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P P..,.».,>.weOO,:..,,, ,...+w: ..w.•.xio EXHIBIT 3 Opinion of Probable Construction Cost for remaining infrastructure to be constructed as of 8/20/2025 Solid Rock Industrial Park,Phase 1 38.13 acres,15 lots Estimated Item Description Quantity Unit Unit Price Total Amount A PAVING IMPROVEMENTS — 1 Clearing and Grubbing 0.0 AC $ 8,000.00 $ - 2 Excavation(in-place quantity) 0 CY $ 50.00 $ - 3 Embankment(in-place quantity) 0 CY $ 50.00 $ - 4 **3.5"Type D HMAC(In Lieu of Item 6) 0 SY $ - $ - 5 **4"Type B HMAC(In Lieu of Item 6) 0 SY $ - $ - 6 8"Continually Reinforced Concrete Pavement 12,839 SF $ 15.00 $ 192,585.00 7 7"Flexible Base(Ty.A,Gr.1-2) 1,636 SY $ 25.00 $ 40,901.75 8 **16"Flexible Base(Ty.A,Gr.1-2)(In Lieu of Item 7) 0 SY $ - $ - 9 12"Moisture Conditioned Subgrade 1,636 SY $ 3.50 $ 5,726.00 10 **8"Lime Stabilized Subgrade(In Lieu of Item 9) 0 SY $ - $ - 11 Street Signs(including signage and hardware) 2 EA $ 1,000.00 $ 2,000.00 12 End of Road Barricade(0M4-2) 2 LS $ 3,500.00 $ 7,000.00 I Paving Improvements Sub-Total: $ 248,212.75 **These items represent the alternate pavement section and must be included together if selected in lieu of items 6,7,&9 I B STORM SEWER IMPROVEMENTS 1 12"RCP 0 LF $ 103.62 $ - 2 7'X2'RCB 0 LF $ 632.00 $ - 3 OSHA Trench Protection 0 LF $ 4.00 $ - 4 4"Thick Conrete Rip Rap 0 SF $ 12.00 $ - 5 S.E.T.(12"RCP) 4 EA $ 2,100.00 $ 8,400.00 6 S.E.T.(7X2 Box Culvert) 0 EA $ 7,500.00 $ - Storm Sewer Improvements Sub-Total: $ 8,400.00 C WATER IMPROVEMENTS 1 8"PVC C-900 0 LF $ 71.00 $ - 2 8"x11.25 Degree Dunctile Iron Bend 0 EA $ 675.00 $ - 3 8"x22.5Degree Dunctile Iron Bend 0 EA $ 710.00 $ - 4 8"x45 Degree Dunctile Iron Bend 0 EA $ 800.00 $ - 5 8"x8"D.1.Tee 0 EA $ 750.00 $ - 6 8"Gate Valve and Box 0 EA $ 2,285.00 $ - 7 Fire Hydrant Assembly 0 EA $ 6,700.00 $ - 8 Raised Blue Reflector on Pavement at Hydrant 0 EA $ 15.00 $ - 9 8"Ductile Iron Cap w/2"Blow off 0 EA $ 1,100.00 $ - 10 8"Tapping Sleeve with 8"Gate Valve 0 EA $ 6,300.00 $ - 11 8"Vertical Adjustment 0 EA $ 4,800.00 $ - 12 Tie to Ex.8"Distribution Main 0 EA $ 3,200.00 $ - Water Improvements Sub-Total: $ - D SANITARY SEWER IMPROVEMENTS 1 8"PVC SDR 26(6'to 8'Deep) 357 LF $ 71.00 $ 25,325.70 2 8"PVC SDR 26(8'to 10'Deep) 599 LF $ 81.96 $ 49,069.45 J 3 8"PVC SDR 26(10'to 12'Deep) 901 LF $ 87.95 $ 79,198.98 4 8"PVC SDR 26(12'to 14'Deep) 355 LF $ 101.97 $ 36,189.15 5 OSHA Trench Protection 2,211 LF $ 4.00 $ 8,843.20 6 Embedment 2,211 LF $ 4.99 $ 11,031.89 7 De-Watering 200 LF $ 48.00 $ 9,600.00 8 4'Diameter Manhole(6'to 8'Deep) 2 EA $ 9,800.00 $ 19,600.00 9 4'Diameter Manhole(8'to 10'Deep) 1 EA $ 10,100.00 $ 10,100.00 10 4'Diameter Manhole(10'to 12'Deep) 4 EA $ 11,500.00 $ 46,000.00 Page 1 of 2 Opinion of Probable Construction Cost for remaining infrastructure to be constructed as of 8/20/2025 Estimated Item Description Quantity Unit Unit Price Total Amount 11 4'Diameter Manhole(12'to 14'Deep) 3 EA $ 12,000.00 $ 36,000.00 12 Tie to Existing 8"Sewer Stubout(14'to 16'Deep) 1 EA $ 3,200.00 $ 3,200.00 Sanitary Sewer Improvements Sue-Total: $ 334,158.37 E MISCELLANEOUS IMPROVEMENTS 1 Construction Entrance 0 EA $ 3,500.00 $ - 2 Inlet Protection 0 EA $ 150.00 $ - 3 Silt Fence 2,500 LF $ 7.50 $ 18,750.00 4 Hydro-Mulch Seeding&Fertilizing 2 AC $ 0.75 $ 1.50 5 4"SCH.40 White PVC(Utility Condiuts) 300 LF $ 20.00 $ 6,000.00 6 4"SCH.40 Grey PVC(AEP Conduits) 300 LF $ 20.00 $ 6,000.00 7 General Conditions 0 LS $ 5,000.00 $ - Miscellaneous Improvements Sub-Total: $ 30,751.50 Total of All Unit Price Bid Items: $ 621,522.62 ZE OF TF,,\ # 1� MICHAEL C.YORK q' 124938 :.2.$ .................... 20 AUGUST 2025 THE SEAL APPEARING ON THIS DOCUMENT WAS AUTHORIZED BY MICHAEL C. YORK,P.E. 124938. ALTERATION OF A SEALED DOCUMENT WITHOUT PROPER IIOTIFICATION TO THE RESPONSIBLE ENGINEER IS AN OFFENSE UNDER THE TEXAS ENGINEERING PRACTICE ACT. Page 2 of 2 EXHIBIT 4 Lit City of CITY OF CORPUS CHRISTI Corpus Christi DISCLOSURE OF INTEREST Corpus Christi Code § 2-349, 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". See next page for Filing Requirements, Certification and Definitions. COMPANY NAME: Solid Rock Commercial Properties, Ltd. STREET ADDRESS: 102 Airport Rd. P.O. BOX: CITY: Corpus Christi STATE: TEXAS ZIP: 78405 FIRM IS: 1. Corporation ❑ 2. Partnership ® 3. Sole Owner ❑ 4. Association ❑ 5. Other ❑ 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) 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 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 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 N/A FILING REQUIREMENTS If a person who requests official action on a matter knows that the requested action will confer an economic benefit on any City official or employee that is distinguishable from the effect that the action will have on members of the public in general or a substantial segment thereof, you shall disclose that fact in a signed writing to the City official, employee or body that has been requested to act in the matter, unless the interest of the City official or employee in the matter is apparent. The disclosure shall also be made in a signed writing filed with the City Secretary. [Ethics Ordinance Section 2-349 (d)]. CERTIFICATION 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 1 Title: N Signature of Date: Certifying Person: I ,. r DEFINITIONS a. "Board member." A member of any board, commission, or committee of the city, including the board of any corporation created by the city. b. "Economic benefit". An action that is likely to affect an economic interest if it is likely to have an effect on that interest that is distinguishable from its effect on members of the public in general or a substantial segment thereof. c. "Employee." Any person employed by the city, whether under civil service or not, including part-time employees and employees of any corporation created by the city. d. "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. e. "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. f. "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 holdings or control established through voting trusts, proxies, or special terms of venture or partnership agreements. g. "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. Nueces County Kara Sands Nueces County Clerk *VG-50-2025-2025038858* Instrument Number: 2025038858 Official Public Records AGREEMENT Recorded On: October 29, 2025 10:24 AM Number of Pages: 30 " Examined and Charged as Follows: " Total Recording: $132.00 -—, "`,\\� STATE OF TEXAS 1Y CO(4,1l Nueces County .00 I hereby certify that this Instrument was filed in the File Number sequence on the date/time r 4\a printed hereon,and was duly recorded in the Official Records of Nueces County,Texas ile* /S "475 `-' Kara Sands °;NUE6_ Nueces County Clerk ,5-CoN0Q2 Nueces County, TX ***********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: 2025038858 DEVELOPMENT SERVICES CITY OF CC Receipt Number: 20251029000060 2406 LEOPARD STREET Recorded Date/Time: October 29, 2025 10:24 AM User: Regina C CORPUS CHRISTI TX 78408 Station: CLERK01