HomeMy WebLinkAboutC2006-042 - 2/14/2006 - Approved
DEFERMENT AGREEMENT
STATE OF TEXAS ~
~
COUNTY OF NUECES ~
This Agreement is entered into between the City of Corpus Christi, Texas, a Texas
home rule municipality, (hereinafter "City") and Value Place Brownsville LLC, a foreign
limited liability corporation authorized to do business in Texas, (hereinafter
"Developer"), and pertains to deferral of the required completion of certain
Improvements required prior to filing the final plat of Value Place Subdivision (the "plat"),
which was approved by the Planning Commission on November 2, 2005. A copy of the
plat is attached and incorporated as Exhibit 1.
WHEREAS, the Developer is obligated under Section III, Paragraph H, Subparagraph
5, of the Platting Ordinance to construct seventy-five percent (75%) of the required
Improvements, before the final plat is endorsed by the City's Director of Engineering
Services Detail 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
WHEREAS, the Developer is seeking to defer, for a period up to one year, the
construction of the water, wastewater, paving, and drainage improvements (hereinafter
the "deferred improvements"), as shown in Exhibit 2, as required by the City's Platting
Ordinance;
WHEREAS, the Developer IS seeking to have the plat filed immediately with the County
Clerk of Nueces County, Texas, before completion of seventy-five percent (75%) of the
required improvements as required by Section III, Paragraph H, Subparagraph 5, of the
Platting Ordinance;
WHEREAS, the Developer will deposit, with the City of Corpus Christi, a cashier's
check in the amount of One Hundred and Thirty-Five Thousand Nine Hundred Forty-
One Dollars and 70/100 ($135,941.70), representing 110% of the estimated cost of
constructing the deferred improvements, all as shown on the attached cost estimate,
which is attached and incorporated as Exhibit 3:
WHEREAS, the City Attorney and Director of Finance have approved this transaction;
WHEREAS, the Developer has satisfied all other subdivision requirements, park
dedications, park dedication deferment agreements, and maintenance agreements and
all special covenants have been completed;
WHEREAS, the Developer is entering into this Deferment Agreement as required by
Section V, Paragraph A. Subparagraph 3.b) of the Platting Ordinance;
NOW, THEREFORE, for the consideration set forth hereinafter, the City and Developer
agree as follows:
2006-042
02/14/06
M2006-03i
Value Place Brownsville
Page 1 of 6
1 The City shall waive the requirement that construction of the water, wastewater,
paving, and drainage public improvements be completed before the final plat is
endorsed by the City's Director of Engineering Services and filed for record with
the County Clerk of Nueces County and further agrees to allow the Developer to
defer construction of the water, wastewater, paving, and drainage public
improvements as shown in Exhibit 2, for up to one (1) year from the date of this
Deferment Agreement.
2 The Developer shall deposit, with the City of Corpus Christi, a cashier's check in
the amount of One Hundred and Thirty-Five Thousand Nine Hundred Forty-One
Dollars and 70/100 ($135,941.70), before the Agreement is approved by Council,
for 110% of the estimated cost of constructing the deferred improvements.
3 The Developer shall construct the deferred improvements, in accordance with the
City's engineering standards in effect at the time of construction.
4 The City shall place the One Hundred and Thirty-Five Thousand Nine Hundred
Forty-One Dollars and 70/100 ($135,941.70) in an interest-bearing account.
Both principal and interest, shall be made available to the Developer in such
amounts and on such dates as may be mutually agreed upon by both parties, by
and through their designated representatives, for use by the Developer solely for
the construction of the deferred improvements hereunder. Such funds shall not
be used for any other purpose whatsoever.
5 Upon completion of the deferred improvements within one (1) year from the date
of this Agreement, or later time as may be mutually agreed upon, in writing, by
both parties, and upon acceptance of the deferred improvements by the City
Engineer and upon compliance by the Developer with the remaining terms of the
Deferment Agreement, the City Engineer shall:
a. Immediately release Developer from the obligations to construct the deferred
improvements by mailing a Release Letter to:
Value Place Brownsville LLC
8621 E. 21st Street North, Suite 250
Wichita, Kansas 67206
b. Return to the Developer within sixty (60) days of the completion of the
construction of the deferred improvements and settlement of the
construction costs, any balance remaining of all monies received by the
City from the Developer, including any interest earned.
6 If the deferred improvements have not been completed within one (1) year from
the date of this Agreement, or if the Developer fails to deposit any increased
security as set out below, after notice to the Developer and opportunity to cure as
Page 2 of 6
stated in Paragraph 8 below, the City will transfer the money received, including
any interest earned, to the appropriate City fund and the City may begin
completion of the construction of the deferred improvements with any monies
received from the Developer, both principal and interest, remaining after
completion of construction being refunded by the City to the Developer. If City
constructs all or any part of the required improvements, the Developer shall
reimburse the City for any additional cost of the deferred improvements, if the
sum of money and interest prove inadequate to complete deferred improvements
within thirty (30) days after City completes the required improvements and bills
the Developer
7 The City and Developer agree that if the Developer formally vacates the current
plat, with approval of the Planning Commission, prior to the deadline for
completion of the construction of the deferred improvements, any money
received by the City from the Developer remaining on deposit, plus interest
earned, will be released and immediately returned to the Developer.
8 If Developer defaults in any of its covenants or obligations under this Deferment
Agreement, the City Engineer will send the Developer and the Project Engineer
written notice by certified mail, return receipt requested, advising Developer of
the default and giving Developer thirty (30) days from date of receipt of the letter
to cure the default. If the Developer fails to cure the default after receipt of the
notice and opportunity to cure, the City Engineer may transfer any monies
received and interest earned to the appropriate fund of the City to complete the
deferred improvements. In the event there are any monies received by the City
from the Developer, plus interest earned. remaining after the City has completed
construction of the deferred improvements, the excess monies, both principal
and interest shall be refunded to the Developer, within sixty (60) days of the
completion of construction of the water, wastewater, paving, and drainage public
improvements and settlement of construction contracts.
9. The City reserves the right not to issue Certificates of Occupancy for this
development until the deferred improvements are installed and accepted by the
Director of Engineering Services Department.
10. The Developer agrees that the City, after notice in writing to the Developer and
Project Engineer may accelerate payment or performance or require additional
security when the City Engineer determines that the prospect of payment or
performance IS questionable
11. The Developer covenants to construct the deferred improvements, and that this
covenant shall be a covenant running with the land.
12. The City's Director of Engineering Services, at Developer's expense, shall file of
record this Deferment Agreement in the records of Nueces County.
Page 3 of 6
13. No party may assign this Deferment Agreement or any rights under this
Agreement without the prior written approval of the other party.
14. Unless otherwise stated herein, any notice required or permitted to be given
hereunder shall be in writing and may be given by personal delivery, by fax, or by
certified mail, and if given personally, by fax or by certified mail, shall be deemed
sufficiently given if addressed to the appropriate party at the address noted
above the signature of the party. Any party may, by notice to the other in accord
with the provisions of this paragraph, specify a different address or addressee for
notice purposes.
15. This Agreement shall be construed under and in accord with the laws of the State
of Texas and all obligations of the parties created hereunder are performable in
Nueces County, Texas. and all lawsuits pursuant hereto shall be brought in
Nueces County.
16. The Developer further agrees, in compliance with the City of Corpus Christi
Ordinance No. 17113, to complete, as part of this Agreement, the Disclosure of
Ownership interests form attached to this Agreement as Exhibit 4.
17. This Agreement shall be executed in triplicate, all original copies of which shall
be considered one instrument. When all original copies have been executed by
the City, and at least two original copies have been executed by the Developer,
this Agreement shall become effective and binding upon and shall inure to the
benefits of the parties and their respective heirs, successors and assigns.
Page 4 of 6
",,~..,. ~~"""".. ""~~'"-""~~''''-''-''^----''-''-' ,.....,.
EXECUTED in triplicate this. 7~aY of h U r G(Q 'I
,2006.
Value Place Brownsville LLC
8621 E. 21st Street North, Suite 250
VJf,~I~'ta, Kans, ' 7
/y
By: c-./
Randy Shaffer, Clef Financial Officer
THE STATE OF Kansas S
S
COUNTY OF Sedgwick S
t--
This instrument was acknowledged before me on ,e.hru.':'7 7
Randy Shaffer. of Value Place Brownsville LLC,
, 2006, by
~
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/ l t:L v t ;!<--Vf.: i ( I (" / ~
Notary Pub c, State of Kansas
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Page 5 of 6
CITY OF CORPUS CHRISTI ("City")
P. O. Box 9277
Corpus Christi, Texas 78469
Telephone: (361) 880-3500
Facsimile: (361) 880-3501
ATTEST
1': \.~'\ . /......
By: /~~__
Armando Chapa (j
City Secretary
\
By: Jit~ ~.~oe
City Manager
APPROVED AS TO FORM: This 1~ day of. ,cebrua,,1.I
,2006.
~ tAJan,lbc..
Gary . Smith, Assistant City Attorney
For the City Attorney
'" I . L, 1'l
I I ~ C'Ll.,c - ') AUl"U~Ij,.L
; ~..c,~ .==~~.!.r:!.l~~
PrL
____._....H............._..."........ ~
SEr.ln Atv ( ~ 'l-
THE STATE OF TEXAS S
S
COUNTY OF NUECES s
/lllt.~
This instrument was acknowledged before me on the LL day of
by George K. Noe, City Manager, for the City Of Corpus Christi, a Texas muni
corp rcati~n, on.~be~lf of\~he corporation.
~ '), ~~
Notary Public, State Of Texas
\ ...~'1 P(J~ Conn,e Parks
~~'.*. ~ My Comm'sSlon Expires
~.. . - # November 09.2007
~OFi""' .
Page 6 of 6
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Exhibit 2 I
Page 2 of 2
"
Form Revised: 1131/2006
ENGINEER'S ESTIMA TE-QUANTITY FORM
VAUIE PLACE SUBDlVlSlOlli
PHASE. N/A NO DESIGN COMPLETED
ACREAGE 3.28 1 PRELIMINARY DESIGN
ENTITY: Corpus Christi FINAL DESIGN
LOTS 3
WATER SUPPLIER City of Corpus Christi
WATER IMPROVEMENTS: On site Quantity UOIt Unit Price Item Total
I 8" pye (,'900 SDRI8 1.237.00 LF $ 22.00 $ 27,214.00
2 8" Gate valve w/box 2.00 EA $ 900 .00 $ 1,800.00
3 Fire hydrant w/6" valve 3.00 EA S 3,000.00 S 9,000.00
4 8" Tapping tee & valve 2.00 EA $ 2,500.00 $ 5,000.00
5 6" Fire line 8"x6" Tap tee 130.00 LF $ 10.00 $ 1,300.00
6 3" Water service line with 130.00 LF $ 8.00 $ 1,040.00
saddle coODClCtion
7 8" 45 degree elbow 3.00 EA S 330.00 $ 990 .00
8 8" 90 degree elbow 2.00 EA $ 330.00 $ 660 .00
9 16" casing SDR26 pye (if appIicoble) 60.00 LF $ 25.00 $ 1,500.00
](j Water valve (box assembly) 1.00 LS $ 2,000.00 $ 2,000.00
Total Water Improvements: S 50,504.00
SANITARY SEWER IMPROVEMENTS:
8" PYC SDR26 (O'~. cut) 189.00 LF $ 24.00 $ 4,536.00
2 Manhole (0'-6' cut) 2.00 EA $ 2,200.00 S 4,400.00
-' 8" service connection line (ucrosJ) 68.00 LF S 18.00 $ 1,224.00
lotal Sanitary Sewer Improvements: $ 10,160.00
EROSION CONTROL:
Silt fence (erosion control) 1,668.00 LF S 4.65 $ 7,756.20
~ Inlet bales (erosion control) 3.00 EA $ 108.00 $ 324.00
- Temporary construction euImnce 1.00 EA $ 2,000.00 $ 2,000.00
lotal EroSIOn Control: $ 10,080.20
I Exhibit 3 I
Page 1 of 2
MJSC":LL~EOl is IMPROVEMENTS
4" PVC Sch 40 gray conduit pipe 100.00 LF S 6.85 S 685.00
:2 Performance & Payment Bond~ 1.50 0;. S 70,74420 S 1.061.16
I ; )t~i) Miscellaneous Improvements: $ 1,746.16
1 OTAL tTIUn IMPROVEMENTS: S 72,490.36
PA.VING IMPROVEMENTS (WestPoint Road (!!OtIth h..' only) 25' ):
Excavation & grading 948.00 SY $ 1.90 $ 1,801.20
:: 50'0 Lime treated subgrade 948.00 SY $ 6.00 $ 5,688.00
, LIme 11.00 TNS $ 125.00 $ 1,375.00
8" Compacted crushed caliche 948.00 SY S 13.00 $ 12,324.00
base wiprime coat
I 1'2" Hot mix asphaltic concrete 827.00 SY $ 10.00 $ 8,270.00
wflaCk coat
~ 18" Curb & gutter 326.00 LF $ 11.00 $ 3,586.00
'i 6' Valley gutter 44.00 LF $ 28.00 $ 1,232.00
1 4"x5' wide concrete sldewalb 1,472.00 SF S 3.00 $ 4,416.00
1 (\1al Paving Improvements (WestPoint Road (south half only) 25' ): $ 38,692.20
MISCELLANEOllS IMPROVEMENTS:
Performance & Payment Bonds 1.50 % $ 38,69220 $ 580.38
Demolition & disposal of brush. 1.00 LS $ 2,500.00 $ 2,500.00
bUIldings & irrigation slnJctures
Total Miscellaneous Improvements: $ 3,080.38
TOTAL PAVING IMPROVEMENTS: S 41,772.58
OTHER FEES:
Engineering design & constroction ~ 7.50 04 $ 114,262.95 $ 8,569.72
Contingency 5.00 0;0 S 114,262.95 S 5,713.15
-""1l1i Other Fees: $ 14,282.87
TOTAL IMPROVEMENTS: S 128,545.81
DetTennent Amount 110.00 oJo $ 128.545.81 $ 141,400.40
1 f sub\05098\Defered-Quantity
I Exhibit 3 ~
Page 2 of 2
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IF .
CITY OF CORPUS 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". ../ I ...~ /.-1 !~ /
FIRM NAME fClt u r1ccce prOLA.JvfSU, f( LLC .
STREET:8'~~ ,....,~\5 5f;)Jor .#~: I(e ZIP: (Prd)-Of.
FIRM is 1 Corporation _._ 2. Partnership
5 Other J-,. L C
-
3. Sole Owner
4. Association_
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)
,Ut:J 11~.
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
;i)cJ v~
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
Nd 0/1 e.
f
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
t) rJ /1~
/
Consultant
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, T~s as c7anges occur. ff
Certifying Person: rn vtC/y s harTi :r- Title: cFCJ
Signature of certj~~:::::~:n~~L~-~~. Date 7-/ Z~ ~ .
~_/ ! II 'EXhibit 4 II
DEFINITIONS
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
"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.