HomeMy WebLinkAboutC2007-503 - 9/11/2007 - 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 JJAR Development, LLP a Texas limited liability
partnership, (hereinafter "Developer"), and pertains to deferral of the required completion of
certain improvements required prior to filing the #inal plat of Legends of Diamante Unit 2 {the
"plat}, which was approved by the Planning Commission on April 18, 2007 A copy of the final
plat is attached and incorporated as Exhibit 1.
WHEREAS, the Developer is required by the City of Corpus Christi to defer construction of the
pavement, sidewalk, curb, gutter and water infirastructure improvements for one half of Ametrine
Drive as showh in Exhibit 2; and
WHEREAS, the Developer will deposit with the City of Corpus Christi cash in the amount of
Ninety-one Thousand Four Hundred and Ninety-one Dollars and 9fl1100 {$91,491.90}, which is
the estimated cost of constructing the required improvements, as shown on the attached cost
estimate, which is attached and incorporated as Exhibit 3; and
WHEREAS, the City Attorney and Director of Finance have approved this transaction; and
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; and
NOW, THEREFORE, for the consideration set forkh hereinafter, the City and Developer agree as
follows:
The City agrees to allow the Developer to defer construction of the required street
improvements including pavement, curb, gutter, sidewalk, and water infrastructure for
Ametrine Drive as shown in Exhibit 2.
2. The Developer agrees to deposit Ninety-one Thousand Four Hundred and Ninety-one
Dollars and 901100 ($91,491.90),. with the City of Corpus Christi, which is the estimated
cost of constructing the required improvements. The deposit shall be posted to the
Infrastructure Trust f=und prior to the Development Services Engineer signing the plat.
3. The principal amount of Ninety-one Thousand Four Hundred and Ninety-one Dollars and
901100 {$91,491.90) shall be placed by the City in an interest bearing account and the
total sum, both principal and interest, shall be made available to the City of Carpus
Christi solely for the construction of the required improvements hereunder. Such funds
shall not be used for any other purpose whatsoever.
4. The City's Development Services Engineer, a# the Developers expense, shall file for
record this Deferment Agreement in the records of Nueces County.
2007-503
M2007-234
09/11/07 ~ of 4
JJAR Development
Exhibit E
~~~~~
5. No party may assign this Deferment Agreement or any rights hereunder without the prior
written approval of the other parties.
6. 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 certified mail, shall be deemed sufficiently given if
addressed to the appropriate party at the address noted opposite the signature of such
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.
7. 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.
8. The Developer further agrees, in compliance with the City of Corpus Christi Ordinance
No. 17913, to complete, as part of this Agreement, the Disclosure ofi Ownership interests
farm attached to this Agreement as Exhibit 4.
9. This Agreement shall be executed in triplicate, all original copies of which shall be
considered one instrument. When ail original copies have been executed by the City,
and at feast 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.
2 of 4
EXECUTED in triplicate this ~~ day of , 2447.
JJAR Development, LLP
By;
es Tracy, General Partner
STATE OF TEXAS §
COUNTY OF NUECES §
~t
This instrument was acknowledged before me on the day of , 2447, by
James Tracy, General Partner, a Texas Corporation, on JJAR Development, LLP.
N TARY PUBLIC, STA OF TEXAS
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CITY OF CORPUS CHRISTI ("City")
P. O. Box 9277
Corpus Christi, Texas 78469
Telephone: (361 } 880-3500
Facsimile: (361) 880-3501
ATTEST:
By:
ARMANDO CHAPA,
City Secretary
By:
EORGE NOE
City Manager
APPROVED AS TO FORM: This foil day of _ ~~~lo~~ , 2007.
By: au~t.t _ u~..~
Gary .Smith
Assistant City Attorney
for the City Attorney
~y CAI}~bCIL
SECRFIp
THE STATE OF TEXAS §
COUNTY OF NUECES §
This instrument was acknowledged before me on the I ~ day of ~, 2007,
by George K. Noe, City Manager for the City OF Corpus Christi, a Texas ome-rule municipal
corporation, on behalf of the corporation.
NOTARY PUBLIC, STATE OF TEXAS
~~a °•~ CONNIE pAR~(5
*' MY COMMIgSIdN £xPIRE5
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R.O,goY 2927
820 Bui~do 56roat
Carpus Christi, ~xaa
35T.6B7.i3651
ma 381.887.8855
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~~--F~TIZEET DEFERMENT
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uN~T 2
Exhibit 2
Page 1 ofi 1
azD 8uffaio, corpus chr;sti, 7x 784a~-221$
r~~ P. O. Box 2927, Gorpus Christi, TX 784D3-2927
^ RVE Irsc. (361] 887-8851 FAX (361 } 887-8855
engineering-diving-surveying rve@rve-inc.com www.rve-inc.cam
112 STREET DEFER1tiIEYT REQLTREI~l~NT
(A1~IETRLYE DRIVE)
CTE1~I DESCRIPTEOV L"YiT QUAN. iUYtT TOTAL.
PttIC'F. f-ACT
1 Clearing & Gnabbin~ AC 0.5 $ 400.00 S 200.00
2 Street Excavation CY 1250 S 2.85 S 3.31?.50
3 8" Lime-Treater! SubQrade SY 1901 $ 2.95 S x.607.95
4 8"Caliche Base SY 1573 $ 10.00 $ t5.730.00
~ Prime Coat SY 1573 ~ 0.50 $ 786.30
6 3" H~IAC SY 1573 $ 9.00 S 14.137.00
7 6" L-Curb LF 740 $ 9.50 S 7,030.00
8 4' Sidewalk SF 2946 $ 3.05 $ 8.985.30
9 Barrier Free Ram EA 4 $ 650.00 $ 3.600.00
10 8" PVC Waterline LF 592 ~ 24.50 $ [4,504.00
1 I 8" Gate ValveBox EA 1 $ 830.00 $ 830.00
13 Fire Hydrant EA 1 $2,800.00 $ 2.500.00
l~2 STREET DEFERr1>vNT [tEQ[JIRE~lE~iT SUBTOTAL 576,243.25
10% Engineering fee $7,624.33
!0%CantingenGy $7,b24.33
TOTAL $91,491.9Q
` Unit Prices were determined using prices fro HSG Contractors
Exhibit 3
Page1ofl
•, ~ ! - ~
_,-~ CITY OF CORPUS CHRISTI
DISCLOSURE OF INTIeRESTS
City of Corpus Christi Ordinance 171.12, as amended, requires ail persons or firms seeking to do business with the
City to provide the following informa#ion. Every question must be answered. If the question is not applicabie,
answar with "NA"
FIRM NAME ~ v ~
STREET: ~ M ~ SS A ~a ~ ~0~
O P'i9/1 ~ N
CITY: ~ a
FIRM is: 1. Corporation 2. Partnership 3. Sole Owner 4. Association
5: Other . ~ ~ ~.
• - DISCLOSURE QUESTIONS
If additional space is necessary, please use the reverse side of this page or attach separate sheet.'
7. 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}
2. ~'' `State the `names of . each "official" of the City of Corpus Christi having an "ownership interest"
constitu#ing,3% or more of the ownership in the above named "firm".
Nam~e~'~~ .Title
1
3. Sta#e the names of each "board member" of the City of Corpus Christi having an "ownership interest"
constituting 3% or mare of the ownership in the above named "firm".
Name] n Board, Commission or Committee
1 I ~'i
4. State the ns~~hes of each employee or officer of a "consultant" for the City of Corpus C` ~risti who worked
on any mat ~::r reiated to the subject of this contract and has an "ownership interest" ~=,~~nstituting 3% or
mare of the ownership in the above named "firm".
Name ] ~} Consultant
V V 1'~f ,
CERTtRCATE
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 wilt be promptly submitted to
the City of Corpus Christi, Texas as changes occur.
__~---~ ---~- ~ n
Certifying Person: ~ ~ N~ r C l__~ ~ C [. ~ Title: ~~ ~ cC ~ ~ IC ~~ g t~
{Type or Print) ~
Signature of Certifying Person: Date:
ExhEbit 4