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HomeMy WebLinkAboutC2012-191 - 7/10/2012 - ApprovedParticipation Agreement Between Mostaghasi Investment Trust and City Page I of 5 STATE OF TEXAS COUNTY OF NUECES PARTICIPATION AGREEMENT 0 11 THIS PARTICIPATION AGREEMENT (hereinafter "Agreement ") is entered into between the City of Corpus Christi (the "City "), a Texas Home -Rule Municipal Corporation, P. O. Box 9277, Corpus Christi, Texas 78469- 9277and Mostaghasi Investment Trust ( "Owner "), 8026 Bar Le Doc Drive, Corpus Christi, Texas 78414. WHEREAS, the Owner owns certain real property located in Nueces County, Texas, being 17.797 acres out of Lots 4, 5, 6, 11, 12 and 13, Section 10, Flour Bluff and Encinal Farm and Garden Tracts (the "Property ") as shown on the attached final plat (Exhibit 1), and Owner desires to plat the Property designated on Exhibit 1 as King's Point Unit 9, hereinafter referred to as "Plat "; and WHEREAS, as a condition of the Plat, Owner is required to extend and construct both Maximus Drive and Queen Bess Drive from its existing terminus for a distance of approximately two hundred forty (240) feet in order to complete Queen Bess Drive and extend Maximus Drive to the west into the proposed development as depleted on and in accordance with the improvement requirements set forth on Exhibit 2 (the "Roadway Extension "); and WHEREAS, it is in the best interests of the City to have the public street infrastructure installed by Owner in conjunction with the Owner's final plat; and WHEREAS, Chapter 212 of the Texas Local Government Code authorizes a municipality to make a contract with an owner of a subdivision or land in the municipality to construct public improvements related to the subdivision or land; and WHEREAS, this Agreement complies with Texas Local Government Code § 212.071 et seq. and the Unified Development Code, Section 8.4.1 (A). NOW, THEREFORE, in order to provide a coordinated public street construction project, the City and Owner agree as follows: Subject to the terms of this Agreement and the Plat attached and incorporated as Exhibit 1, Owner will construct the Roadway Extension for and on behalf of the City in accordance with the plans and specifications as are approved by the City Engineer on behalf of the City. 2012 -191 M2012 -125 7110112 Mostaghasi Investment Trust INDEXED Participation Agreement Between Mostaghasi Investment Trust and City Page 2 of 5 The parties acknowledge and confirm the Preliminary Reimbursement Cost Estimate for construction of the Roadway Extension, attached and incorporated as Exhibit 3 (the "Cost Estimate "). Subject to the limitation below, Owner shall pay a portion of the costs of construction of the Roadway Extension. Subject to the limitation set forth below, the City shall pay the remaining portion of the costs of construction of the Roadway Extension, designated as the total amount reimbursable on the Cost Estimate attached as Exhibit 3. Notwithstanding any other provision of this Agreement, the.total that the City shall pay for the City's agreed share of the costs of the Roadway Extension shall not exceed $53,431.46. The City shall reimburse the Owner the City's agreed costs of the Roadway Extension monthly, based on the percentage of construction completed, upon receipt of Owner's invoice for the work performed. Such reimbursement shall be made payable to: Mostaghasi Investment Trust Attn: Hossein Mostaghasi 8026 Bar Le Doc Drive Corpus Christi, Texas 78414 The invoices must be paid no later than thirty (30) days from the date of the Owner's invoice. Owner shall submit all required performance bonds and proof of required insurance in accordance with applicable laws. Owner shall submit standard contract documents for review and approval. Throughout construction, the City shall conduct periodic inspections and either approve the progress of the Roadway Extension or promptly notify Owner of any defect, deficiency or other non - approved condition in the progress of the Roadway Extension. In accordance with Section 212.073, Texas Local Government Code, Owner shall cause the construction contractor that Owner engages to construct the Roadway Extension to execute a performance bond for the construction of the Roadway Extension improvements to ensure completion of the project. The bond must be executed by a corporate surety in accordance with Chapter 2253, Texas Government Code. 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, VANAVE, 0A LOESS MAY K iIYGIDUT T0� ARiM 0[IT OF BE GAUSED BY, OR BE IN ANY WAY CONNECTED WITH, EITHER PROXIMATELY OR Participation Agreement Between Mostaghasi Investment Trust and City Page 3 of 5 REMOTELY, WHOLLY OR IN PART, THE CONSTRUCTION, INSTALLATION, EXISTENCE, OPERATION, USE, MAINTENANCE, REPAIR, RESTORATION, OR REMOVAL OF THE PUBLIC IMPROVEMENTS ASSOCIATED WITH THE PLATTING AND CONSTRUCTION OF THE ROADWAY EXTENSION OF KING'S POINT UNIT 9 DURING THE PERIOD OF CONSTRUCTION, 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 ATTORNEYS FEES, WHICH ARISE, OR ARE CLAIMED TO ARISE, OUT OF OR IN CONNECTION WITH THE ASSERTED OR RECOVERED INCIDENT. THIS INDEMNITY SURVIVES TERMINATION OF THIS AGREEMENT. In compliance with City of Corpus Christi Ordinance No. 17112, Owner agrees to complete the Disclosure of Ownership Interests form Exhibit 4 (attached and incorporated). This Agreement shall be executed in triplicate, all original copies of which shall be considered one instrument. *This Agreement becomes effective and is binding upon, and inures to the benefit of the City and Owner from and after the date that all original copies have been executed by all signatories. EXECUTED in triplicate originals *this day of , 2012. Signatures are found on Pages 4 and 5. Participation Agreement Between Mostaghasi Investment Trust and City Page 4 of 5 OWNER; Mostaghasi Investment Trust Hossein Mostaghasi, Trustee THE STATE OF TEXAS § COUNTY OF NUECES § This instrument was acknowledged before me on 2012, Hossein Mostaghasi, Trustee, by and behalf of said Mostaghasi Investment Trust. . Yp YOLANDA i:SCOBAR NoWry Public STATE OF TEXAS My Comm. Exp. 01-07 -2016 ty y Public ate of Texa Participation Agreement Between Mostaghasi Investment Trust and City Page 5 of 5 CITY OF CORPUS CHRISTI ( "City ") P. O. Box 9277 Corpus Christi, Texas 78469 Telephone: (361) 880 -3500 Facsimile: (361) 880 -35f ATTEST: B � B Armando Chapa City Secretary THE STATE OF TEXAS § COUNTY OF NUECES § This instrument was signed by Armando Chap C'ty Secret , for the City of Corpus Christi, Texas, d before the �� � ay 20� and acknowledg m of Not Public, tate O exas �;AY °pua,, MONIQU5 TAME LEF, , 'i 4JOtary Public r�� " STATE OF TEX THE STATE OF TEXAS § ` —••� ", My Gomm• Exp, 01 2Q -2U COUNTY OF NUECES § This instrument was signed bonald Olson, City Manager, for the City of Corpus Christi, Texas, and acknowledged before me on the 174** day of 5� 20 Notary_ Public, State Of Texas s ESTHER VELAZQUEZ My Commission Expires July 05, 2014 �rca CAUSERMUN GEORGE HOMES\ APPDATA\LOCALIMICROSOFIIWINDOWS \TEMPORARY INTERNET FILESICONTENT.IE5 \W W YIBMBLI PART ICIPATIONAGREE MYNT.LEGAL05072012.DOC City Manager �rn Iry N j 74xooev MS. urm1 y l0 w},nly QTSnoaoLo- (D" PWO' Oahe -° <2 •°. Qp {.a•1]'.s; . 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Po• 9 . sa PD' �. ap �G 14 11 n (D fa 3 10 7'!lS Sr 0 In M34 IF 6P ]F' Teca sF � to r �• ' � � I N � �zA•92, ox. ar ] I� rlie z9os3axz4] .N. - - 9�aa• -- �• - - 0-2� r1i 1r -zp' o , aac iJ3u9 N6 5 (U s• V1 NEW W33'E ?83.67' „_o R O 1.90'Jp'0Y O =a dq0` aO I�I]S'aG'OP' � f.173'49'Oa' ar1800' H�I0.0G R.3a6e' T••4SOa' r -IPAP• r °[o.00' r�w.la' ••nxte' 0✓1COT'2]'E eamJ2'0]'p9W lrV 21 COwcx Wf =14.14' CA- 14.14 , N Y1 -a-' CH•- B8.A2' O A 9 o�i1p�• O RW00.PP]'• O 31 1;14 O ]]A • T °1n0.N T -W4 T =1S.i3 l L =19.]1 k 69.02• 1=2930' X45]9' W =N)992']3'E C 9 CA CH-6 • LYI =z1151,49.11, f8- SA'10'ISW [ry °15.14' 0.r6' CHI 75' O 10.E • Ra15 V © ft.35Z R O It u -sm t =429]' ral-' r =s]a]• 131W 1...665fi' L -Y9,w' 4.2 W 1.]334' Cp- nss'.tis'µ'4 LH•H,M345P'a CA- N40s1'to'n GO =43552'41VI GH =65.36' °71 ].4' cH =7].18' �_ j�G�G�CvOO Lv /�S 25' Y.i j1W14 1� siI1L 0 30' -. QUEEN BESS DR, scnre. r� Aaa• �� PLAtJNING CC N47 05' W 22. 03' - N47 55. 00'�r OF s4e`52'S5'N 39.34 - KING'S POINT UNIT 9 (CONTINUED) CORPUS CHRISTI, NUECES COUNTY, TEXAS anrG PL9rrc31 nd!]alvl BASS & 1JE"I" ENGINEERING COaP. nw rJnr - sae as rL9r.P1]e alp 1m, ,16ee - 3054 S. ALAHEDA S7f2EET sc.. as six_ CORPUS CHR I S7I, TEXAS 713401 m 6964 SF ,9•ue I 3 13 &]7y N1n P InI a 8 O E O "Gl04.09l� o �m F u•i 2 Y $ All 149.00' 4 I � I sst•07'27"E T200 SF L F z w q a _ ]I '2]'H• /� �mI fJ 120A0' , I 30 $ ]7)p IF I - u0 zD'pe. w =. w. - � � N61•m•zrtr a6ilD' h � O D b61•m'e]'ft 33]. 10''�� P. Po• 9 . sa PD' �. ap �G 14 11 n (D fa 3 10 7'!lS Sr 0 In M34 IF 6P ]F' Teca sF � to r �• ' � � I N � �zA•92, ox. ar ] I� rlie z9os3axz4] .N. - - 9�aa• -- �• - - 0-2� r1i 1r -zp' o , aac iJ3u9 N6 5 (U s• V1 NEW W33'E ?83.67' „_o R O 1.90'Jp'0Y O =a dq0` aO I�I]S'aG'OP' � f.173'49'Oa' ar1800' H�I0.0G R.3a6e' T••4SOa' r -IPAP• r °[o.00' r�w.la' ••nxte' 0✓1COT'2]'E eamJ2'0]'p9W lrV 21 COwcx Wf =14.14' CA- 14.14 , N Y1 -a-' CH•- B8.A2' O A 9 o�i1p�• O RW00.PP]'• O 31 1;14 O ]]A • T °1n0.N T -W4 T =1S.i3 l L =19.]1 k 69.02• 1=2930' X45]9' W =N)992']3'E C 9 CA CH-6 • LYI =z1151,49.11, f8- SA'10'ISW [ry °15.14' 0.r6' CHI 75' O 10.E • Ra15 V © ft.35Z R O It u -sm t =429]' ral-' r =s]a]• 131W 1...665fi' L -Y9,w' 4.2 W 1.]334' Cp- nss'.tis'µ'4 LH•H,M345P'a CA- N40s1'to'n GO =43552'41VI GH =65.36' °71 ].4' cH =7].18' �_ j�G�G�CvOO Lv /�S 25' Y.i j1W14 1� siI1L 0 30' -. QUEEN BESS DR, scnre. r� Aaa• �� PLAtJNING CC N47 05' W 22. 03' - N47 55. 00'�r OF s4e`52'S5'N 39.34 - KING'S POINT UNIT 9 (CONTINUED) CORPUS CHRISTI, NUECES COUNTY, TEXAS anrG PL9rrc31 nd!]alvl BASS & 1JE"I" ENGINEERING COaP. nw rJnr - sae as rL9r.P1]e alp 1m, ,16ee - 3054 S. ALAHEDA S7f2EET sc.. as six_ CORPUS CHR I S7I, TEXAS 713401 zD'pe. w =. w. - � � N61•m•zrtr a6ilD' h � O D b61•m'e]'ft 33]. 10''�� P. Po• 9 . sa PD' �. ap �G 14 11 n (D fa 3 10 7'!lS Sr 0 In M34 IF 6P ]F' Teca sF � to r �• ' � � I N � �zA•92, ox. ar ] I� rlie z9os3axz4] .N. - - 9�aa• -- �• - - 0-2� r1i 1r -zp' o , aac iJ3u9 N6 5 (U s• V1 NEW W33'E ?83.67' „_o R O 1.90'Jp'0Y O =a dq0` aO I�I]S'aG'OP' � f.173'49'Oa' ar1800' H�I0.0G R.3a6e' T••4SOa' r -IPAP• r °[o.00' r�w.la' ••nxte' 0✓1COT'2]'E eamJ2'0]'p9W lrV 21 COwcx Wf =14.14' CA- 14.14 , N Y1 -a-' CH•- B8.A2' O A 9 o�i1p�• O RW00.PP]'• O 31 1;14 O ]]A • T °1n0.N T -W4 T =1S.i3 l L =19.]1 k 69.02• 1=2930' X45]9' W =N)992']3'E C 9 CA CH-6 • LYI =z1151,49.11, f8- SA'10'ISW [ry °15.14' 0.r6' CHI 75' O 10.E • Ra15 V © ft.35Z R O It u -sm t =429]' ral-' r =s]a]• 131W 1...665fi' L -Y9,w' 4.2 W 1.]334' Cp- nss'.tis'µ'4 LH•H,M345P'a CA- N40s1'to'n GO =43552'41VI GH =65.36' °71 ].4' cH =7].18' �_ j�G�G�CvOO Lv /�S 25' Y.i j1W14 1� siI1L 0 30' -. QUEEN BESS DR, scnre. r� Aaa• �� PLAtJNING CC N47 05' W 22. 03' - N47 55. 00'�r OF s4e`52'S5'N 39.34 - KING'S POINT UNIT 9 (CONTINUED) CORPUS CHRISTI, NUECES COUNTY, TEXAS anrG PL9rrc31 nd!]alvl BASS & 1JE"I" ENGINEERING COaP. nw rJnr - sae as rL9r.P1]e alp 1m, ,16ee - 3054 S. ALAHEDA S7f2EET sc.. as six_ CORPUS CHR I S7I, TEXAS 713401 �_ j�G�G�CvOO Lv /�S 25' Y.i j1W14 1� siI1L 0 30' -. QUEEN BESS DR, scnre. r� Aaa• �� PLAtJNING CC N47 05' W 22. 03' - N47 55. 00'�r OF s4e`52'S5'N 39.34 - KING'S POINT UNIT 9 (CONTINUED) CORPUS CHRISTI, NUECES COUNTY, TEXAS anrG PL9rrc31 nd!]alvl BASS & 1JE"I" ENGINEERING COaP. nw rJnr - sae as rL9r.P1]e alp 1m, ,16ee - 3054 S. ALAHEDA S7f2EET sc.. as six_ CORPUS CHR I S7I, TEXAS 713401 mi � �I I I�Lj I D� a ' � I I N I a37 10' YR J 25YR 9^ Y m EXHIBIT 2 Page 1 of 2 25'YR z I I 1 I 1 0 I 1 7.5' UE —^ =3 c§ 7.5'ue 2 43 I 23 "s I 25' YR 16' UE YY�YW - a' O 2 I 1 O �a + 25 ' R 3 25'Y 4 11 ° a 26 I I O 4 z m 7 KING'S POINT UNIT 9 STREET REIMBURSEMENT AT PARK BASS: D WELSH CORPUS CHR T NEERING SURVEY REG. NO. 100027 -00, TX ENGINEERING REG. NO. F-52, FILE: EXB —STR REIMB1. JOB NO. 11022, SCALE: 1" = 50' PLOT SCALE: SAME, PLOT DATE: 04/27/12, SHEET 1 OF 2 EXHIBIT 2 Page 1 of 2 40' BB sNTTfT 2" TYPE 1D" HMAC ON PRIME COAT 0 0.15 GALLONS PER SQUARE YARD (NO SEPARATE PAY FOR PRIME COAT) 1O' 2lT' I —1 1.0' TYP. S' CROWN FROM CL STREET LIP OF GUTTER ?X COMACT BACKILL TO P COM STX�mAl81 PROCTOR DENS" pm SIDES) . KING'S POINT UNIT 9 STREET REIMBURSEMENT AT PARK 1 ° =60' BASS AND WELSH ENGINEERING CORPUS CHRISTI, TX SURVEY REG. NO. 100027 -00, TX ENGINEERING REG. NO. F--52, F11E: EXB —STR REIMI32, ,NOB NO: 11022, SCALE: 1' = 60'PLOi SCALE: SAME, PLOT DATE: 04/27/12, SHEET 2 OF 2 EXHIBIT 2 Page 2 of 2 �fi' GTY STD. R/C Cu RB AND GUTTER 8' CRUSHED LIMESTONE BASE TO MEET REOUIREMINIS (TYPICAL TTQR�N SIDES OF CITY STANDARD SPECIFICATION 025222 TMIBLE ' BASE — HIGH STR ENGTH'. COMPACT TO 95% MODIFIED PROCTOR A MOISTURE CONTENT NOT T}55 'LIME STAHLISW SUBGRADE TO 1' BC BOTH 5106 OF STREET THAN P THAN POINT OINTY BELOW OPTIMUM P NNE NOR r MORE THAN 3X POINTS ABOYE OTIMUM MOISTURE. nmum AND COMPACTED TO 98X STANDARD PROCTOR DENSITY WITHIN TWO PERCENTAGE POINTS OF CPTTMUM MOISTURE ON THE HIGH SIDE, LIME SHALL BE APPLIED AT THE RATE OF 27 LB /SY TYPICAL STREET SECTION -- 60' ROW NTS KING'S POINT UNIT 9 STREET REIMBURSEMENT AT PARK 1 ° =60' BASS AND WELSH ENGINEERING CORPUS CHRISTI, TX SURVEY REG. NO. 100027 -00, TX ENGINEERING REG. NO. F--52, F11E: EXB —STR REIMI32, ,NOB NO: 11022, SCALE: 1' = 60'PLOi SCALE: SAME, PLOT DATE: 04/27/12, SHEET 2 OF 2 EXHIBIT 2 Page 2 of 2 KING'S POINT UNIT STREET REIMBURSEMENT ITEMS AT PARK APRIL 26, 2012 ESTI MATE ITEM DESCRIPTION QTY UNIT UNIT COST TOTALCOST 1 6" CURB & GUTTER 471 LF 13.75 6,476.25 2 4" THICK RJC WALK 1884 SF 3.00 5,652.00 3 2" HMAC 923 SY 14.80 13,660.40 4 8" CRUSHED LIMESTONE BASE 923 SY 14.60 13,475.80 5 8" LIME STABILIZED SUBGRADETO 1' BC 1080 SY 5.90 6,372.00 6 EXCAVATION 1 LS 2,500.00 2,500,00 SUBTOTAL 48,136.45 11% ENGINEERING, SURVEYING, &TESTING 5,295.01 TOTAL $53,431.46 EXHIBIT 3 v 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 ". FIRST NAME: Mostaghasi Investment Trust STREET: 8026 Bar le Doc Dr. CITY: CORPUS CHRISTI Zip: 78414 FIRM IS: ❑1. Corporation ❑2. Partnership 03. 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. 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) NIA NIA 2. State the names of each "official" of the City of Corpus Christi having an "ownership interest' constituting 3 11 /0, or more of the ownership in the above named "firm ". Name Title N/A 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 NIA NIA 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 35 or more of the ownership in the above named "firm ". Name Consultant NIA NIA 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, Tetras as changes occur. Certifying Person: HAMED MOSTAGHASI Title: TRUSTEE (Type or Print) Signature of Certifying Person: Date: 4130112 t ? "• " ° ° eC °'. YVONNE MUNOZ €. Notary Public ;rr STATE OF TEXAS ?a ; My Camm. Exp, OB -22 -2015 EXHIBIT 4