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HomeMy WebLinkAboutC2014-262 - 7/8/2014 - NA r �_..iy-C._b..d.:..yap ii!.. 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 Spear Consolidated Ltd., (the "Developer"), in order to defer the completion of certain required public improvements prior to recording the final plat of Lot 1, Block 1, Spear Subdivision, Corpus Christi, Nueces County, Texas (the "Plat"). A copy of the Plat is attached and incorporated by reference into this Agreement as Exhibit 1. WHEREAS, the Developers are 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 Developers are 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, in order to have the Plat filed prior to completion of the Deferred Improvements, the Developers agree to deposit with the City a form of pre-approved financial security authorized by Section 3.30.1 of the UDC in the amount of Three Hundred Thirty-Four Thousand One Hundred Eighty-One and 65/100 Dollars ($334,181.65), representing 110% of the estimated cost of constructing the Deferred Improvements as shown in the cost estimate, which cost estimate is attached and incorporated by reference into this Agreement as Exhibit 3; WHEREAS, water and sewer service are available to serve the subdivision, and the Developers have completed all other subdivision requirements, park dedications, park deferment agreements, maintenance agreements, and all special covenants; WHEREAS, the Assistant City Manager and City Attorney have both approved this transaction; and WHEREAS, the Developers are entering into this Agreement pursuant to Section 8.1.10 of the UDC in order to defer construction and record the final Plat. NOW, THEREFORE, for the consideration set forth in this Agreement, the City and Developers agree as follows: 2014-262 7/08/14 ilidated Ltd-Spear Subdivision Block 1, Lot 1 vFinal Page 1 of 9 -eement Template Version 1.0 5.7.14 Spear Consolidated Ltd INDEXED • . , 1. The preamble to this Agreement is included as substantive content in this instrument and upon which all parties to this Agreement have relied and will continue to rely during the term of this Agreement. 2. In consideration of the Developers' request to enter into this Agreement and the posting of approved financial security, the City agrees to waive the requirement that construction of the Deferred Improvements be completed before the final Plat is endorsed by the City Engineer and filed for record with the County Clerk of Nueces County, and City further agrees to allow the Developers to delay construction of the Deferred Improvements up to the expiration of the time period stated in paragraph 26 of this Agreement. 3. As a condition of this Agreement, the Developers agree to deposit with the City Three Hundred Thirty-Four Thousand One Hundred Eighty-One and 65/100 Dollars ($334,181.65), as a form of financial security authorized in Section 3.30.1 of the UDC, upon execution of this Agreement or before the filing of the Plat. The financial security must provide for 110% of the estimated cost of constructing the required Deferred Improvements, as those costs are shown in Exhibit 3. The Developers acknowledge and specifically agree that, in the event the financial security required by this Agreement has not been deposited with the City before the filing of the Plat in the official public records of Nueces County, this Agreement is NULL AND VOID WITHOUT ANY NOTICE OR FURTHER ACTION REQUIRED BY EITHER PARTY. 4. If a letter of credit is utilized as financial security under this Agreement, the content of the irrevocable letter of credit must be pre-approved by the City's Director of Financial Services ("Finance Director") and City Attorney, be issued by a banking institution having a local branch office within the State of Texas (Corpus Christi location preferred), be valid for a period of twelve (12) months from the date of issuance or longer, such date being the same as the date of this Agreement, and containing the terms of Exhibit 4. 5. If the form of financial security is a letter of credit, the Developers must ensure that the letter of credit is kept valid at all times. The letter of credit must be renewed by the Developers before expiration under the terms outlined in Exhibit 4. If timely renewal is not received by the City under those terms, or cash in lieu thereof is not deposited as financial security with the City, the City may, after ten (10) days prior written notice to the Developers, call (redeem) the letter of credit for failure to timely renew. If the letter of credit is called for failure to timely renew, the funds will be held in an account as if cash had been posted by the Developers for this Agreement in lieu of the letter of credit. The City shall not be liable for interest on any letter of credit so called nor shall the City be liable to the Developers for the accrual or payment of interest on any type of financial security posted by the Developers pursuant to this Agreement. 6. In accordance with the provisions set out in Section 3.30.1 of the UDC, as it may be amended, the City may accept other types of financial guarantees for Deferment Agmt Spear Consolidated Ltd-Spear Subdivision Block 1, Lot 1 vFinal Page 2 of 9 Standard Form Deferment Agreement Template Version 1.0 5.7.14 deferment agreements subject to the approval of the Finance Director and the City Attorney. In the event the Developers desire to use and the City agrees to accept an alternate form of financial guarantee other than a cash deposit or an irrevocable letter of credit as security for this Agreement, such other security- specific financial guarantee's terms and conditions pertaining to issuance, redemption, restrictions, limitations, and use as made be made subject to this Agreement shall be as further set out in an addendum to this Agreement, which addendum is to be attached to this Agreement and the content incorporated by reference into this Agreement as "Addendum A." The parties agree that, should there be, by the attachment and incorporation of Addendum A to this Agreement, any conflict in the terms, conditions, or requirements stated in this Agreement (including its exhibits) and Addendum A, the provisions of Addendum A take precedence over conflicting terms in the Agreement and its exhibits. All other provisions in the Agreement (and its exhibits) not in conflict with Addendum A control otherwise by agreement of the parties. 7. Unless otherwise stated in this Agreement, any notice required or permitted to be given by either party shall be in writing and must be given by personal delivery, fax, or certified mail, return receipt requested, postage prepaid, 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. Any party may, by notice to the other in accordance with the provisions of this paragraph, specify a different address or addressee for notice purposes. 8. Time is of the essence in the performance of this Agreement. 9. Detailed construction drawings must be provided by the Developers and approved by the City's Departments of Development Services and Engineering prior to the start of construction of the Deferred Improvements. 10. The Developers 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 paragraph above. 11. Upon completion of the Deferred Improvements by the Developers as verified by the Assistant City Manager and Director of Development Services and within the time period stated in paragraph 26 of this Agreement, acceptance of the Deferred Improvements by the City Engineer, and compliance by the Developers with the remaining terms of the Agreement, the City Engineer shall: a. Immediately release the Developers from the need to maintain the letter of credit by mailing a release letter to Developers at the address shown above Developers' signature lines in this Agreement; or Deferment Agmt Spear Consolidated Ltd-Spear Subdivision Block 1, Lot 1 vFinal Page 3 of 9 Standard Form Deferment Agreement Template Version 1.0 5.7.14 • b. Return to the Developers within sixty (60) days of the completion of the construction of the Deferred Improvements and settlement of the actual construction costs, or within sixty (60) days of acceptance of the Deferred Improvements by the City, whichever is later, any balance remaining of all monies received by the City from the Developers. 12. If the Developers have not begun construction of the Deferred Improvements at least thirty (30) days prior to the date stated in paragraph 26 of this Agreement, the Developers agree that the City, after notice in writing to the Developers, may accelerate payment or performance or require additional financial security when the City deems itself at risk as to the prospect of performance or payment based on a demonstrated reasonable basis. In addition, if the Developers default and fail to deposit any increased security after notice and an opportunity to cure, the City may transfer the cash funds received or call (redeem) the letter of credit and transfer the funds (if the financial security provided was in the form of a letter of credit) to the appropriate City account, and the City may begin completion of the construction of the Deferred Improvements. If City constructs all or any part of the required Deferred Improvements, the Developers shall reimburse the City for any additional costs related to completion of the Deferred Improvements within thirty (30) days after the City completes the required Deferred Improvements and invoices the Developers if the funds on account prove inadequate for the City to complete the Deferred Improvements. 13. In accordance with Section 8.1.10.6 of the UDC, an increase in financial security from the Developers may be required on an annual basis if the City deems itself, in the sole discretion of the City, insecure as to the prospect of payment or performance on a demonstrated reasonable basis or it reasonably determines that the financial security does not provide for 110% coverage of the estimated construction costs. 14. The City and Developers agree that, if the Developers formally vacate the current Plat with approval of the Planning Commission prior to the deadline for completion of construction of the Deferred Improvements, any money received by the City from the Developers remaining on deposit will be released and immediately returned to the Developers. 15. If Developers default in any of their covenants or obligations under this Agreement [excluding failure to timely renew a letter of credit, post additional security, or as may be made applicable by Addendum A, for which the default provisions are separately addressed in this document], the City Engineer shall send written notice to the Developers [(and may send notice to the Developers' project engineer ("Project Engineer"), if such address is known by the City] by certified mail, return receipt requested, advising the Developers of the default and giving the Developers thirty (30) days from date of receipt of the notice letter to cure the default. If the Developers fail to cure the default after receipt of notice and opportunity to cure, the City Engineer may transfer any funds received to the appropriate fund of the City in order to complete the Deferred Improvements. In Deferment Agmt Spear Consolidated Ltd-Spear Subdivision Block 1, Lot 1 vFinal Page 4 of 9 Standard Form Deferment Agreement Template Version 1.0 5.7.14 • the event there are any funds received by the City from the Developers remaining after the City has completed construction of the Deferred Improvements, the excess funds will be refunded to the Developers within sixty (60) days of the completion of construction of the Deferred Improvements and settlement of the actual construction costs. 16. The City reserves the right not to issue 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. 17. 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. 18. By execution of this Agreement, the Developers covenant to construct the Deferred Improvements required by this Agreement, and this covenant shall be a covenant running with the land. The City, at the Developers' expense, shall file for record this Agreement in the official public records of Nueces County. 19. With the exception of Addendum A made applicable pursuant to paragraph 6, 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. 20. 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. 21. The Developers 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 5, the contents of which, as a completed form, are incorporated in this Agreement by reference as if fully set out here in its entirety. 22. The Developers shall comply with all federal, State, and local laws, regulations, and rules applicable to performance of this Agreement. 23. 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 Deferment Agmt Spear Consolidated Ltd-Spear Subdivision Block 1, Lot 1 vFinal Page 5 of 9 Standard Form Deferment Agreement Template Version 1.0 5.7.14 arising from or pursuant to this Agreement shall be brought in Nueces County, Texas. 24. Strict performance of the provisions of this Agreement by the Developers is required by the City as a condition of this Agreement. The Developers specifically acknowledge and agree that failure by the Developers to adhere or comply with any term, condition, or requirement of this Agreement constitutes a default of this Agreement. 25. 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. 26. This Agreement is to be executed in quadruplicate, each of which constitutes an original document. This Agreement becomes effective and is binding upon and inures to the benefit of the City and Developers and their successors and assigns from and after the date the Agreement has been executed by all signatories. This Agreement terminates 12 months from the date executed by the last party signing this Agreement. (EXECUTION PAGES FOLLOW) Deferment Agmt Spear Consolidated Ltd-Spear Subdivision Block 1, Lot 1 vFinal Page 6 of 9 Standard Form Deferment Agreement Template Version 1.0 5.7.14 E DIN ONE OFINAL and made effective this 0 day of CITY OF CORPUS CHRISTI P. O. Box 9277 Corpus Christi, TX 78469-9277 (361) 826-3240 Office (361) 826-4428 Fax ULICQ-----L---- ignatur b Printed ame: ' Ck C \ Q J t Wtavv` TTitle: A sistant City Manager APPROVED AS A STANDARD FORM LEGAL DOCUMENT: 1/4-1-Co/7 , 20 iy. CITY ATTORNEY 44-iv ,. .vek- Signat e Printed Name: Jd 110 C',f( Title: Assistant City Attorney Deferment Agmt Spear Consolidated Ltd-Spear Subdivision Block 1, Lot 1 vFinal Page 7 of 9 Standard Form Deferment Agreement Template Version 1.0 5.7.14 DEVELOPERS: Spear Consolidated, Ltd. 225 S. Carancahua Corpus Christi, Texas 78401 (361) 883-5588 (361) 883-9204 Fax if Sig ture / Printed Name: Harry Morgan Spear, Jr. Title: Manager Spear GP, L.L.0 General Partner, Spear Consolidated, Ltd. Date: 6 /s/(4 STATE OF Tex § § COUNTY OF '4J S § This in r ment ackno ged efore me on ac , 20 H , by �„„ , 11/\ (title) of Spe:IP, .la I ., a as Li i ed Liability Company, o ehalf of said company. 1 tA Notary Public's Signature FY?q�,s MELISSA A CLARK =_ Notary Public. State of Texas %,„4, ....# My Commission Expires .,',';' `.� August 16, 2016 b. Deferment Agmt Spear Consolidated Ltd-Spear Subdivision Block 1, Lot 1 vFinal Page 8 of 9 Standard Form Deferment Agreement Template Version 1.0 5.7.14 DEVELOPERS: Spear Consolidated, Ltd. 225 S. Carancahua Corpus Christi, Texas 78401 (361) 883-5588 (361) 883-9204 Fax CLA Signature Printed Name: Martha G. Spear Title: Manager Spear GP, L.L.0 General Partner, Spear Consolidated, Ltd. Date: & ,A 5 -/. 2 STATE OF 1 os § COUNTY OF t\ 2S § This ins rument wa aclso.ow dged before me on re 9 , 2014-, by (title) of Spear GP, L.L.C, Inc., a T as Limited Liability Compally, on behalf of said company. `,"r"'"j. MELISSA A CLARK Notary Public's Signature ( Notary Public,State of Texas i�4,1 My Commission Expires ''hr�W August 16, 2016 Attached and incorporated by reference into this Agreement: Exhibit 1 – Plat (1 page) Exhibit 2 – Required Public Improvements (13 pages) Exhibit 3 – Cost Estimate (1 page) Exhibit 4—Sample Letter of Credit Exhibit 5 – Disclosure of Interests (2 pages) Addendum A– If applicable pursuant to paragraph 6 Deferment Agmt Spear Consolidated Ltd-Spear Subdivision Block 1, Lot 1 vFinal Page 9 of 9 Standard Form Deferment Agreement Template Version 1.0 5.7.14 / r-r-.. - , .,. ..„-- _____, iv., ) .. .,, , 4O . .-, _ .. saa+rn a ////1/1"/* •• - G&WO.,fa0.arrnaFl ��Raydtdx abroad 79 STATf OF TEMAS 4 j \� ea.arlleA#1.dssNamN. COUNTYOF MACES§ I�! �,\ Vat ti fD. l \\ PrW97'Lagedn M,R.NC r 1.Parry Morph Spear,Ill,manager of Speer Car,sdid.td,ltdhaeby ttrteythrt t am to owner of the land \\ N27•123r _ a n...oeSpo Consaeo.ad,ad embread widen the boundaries d tot 1,Block 1 d Spear SubdMsbn,shown heron,Met i have had sae qnd n'Axvwwrr2%2D172 rhe surveyed and subdivided as shown tat Me streets and easements shown we hereby dedicated,or If not -/ �_. • ,. I prevto..0 dedicated,ere hereby dedicated to Mope,*use forever,and that the plat war made for the eFlp 7S I popp ,°f description and dedicatee on foVdyof 11 LA _,2014. S61-5155% k � \ John Nut it f41911 301001le li,d.c'1� L�.yJ Y /;// \\ NcryefzrrYer /Meed at Manager,Spar can1004atd,Ltd. ' / Cobol*Fie • ld �� STATE Of TEXAS § \\. COUNTY OF NUECES 4 \' TMs Monsoon war acknowledged before me by Nary Morgan Spear,/,mnapar, of Spear Consolidated,Ltd. / / // 11, wakpolWMPS est aarybrar acting ouweafaR'ieC arae auas y" Cdr 3pshis.; nedIo dand wIM the MhprKY �\� \ tt�� ��',{y"/�{'�/�t� 'L' __....� C '� YtIii 00 l0 —I It Hgey MakinFtfNanO Fpr I �---__ ... "'tllr MdD_Bw..p.T.s.._. The Mete OTaxas ° - I �a r-..d.ey MY Commlulen Evpkea I'��� MOY 11 20 b I NofN' 1. Ba.Ipq Me Owed an the Texas State Plane Coordinate System,South Zone 4205 hong GPS abwvabone corded at the site. I,Kbk 10.Ymnd Repwwad PrafaatonILaMBw.Ya Id MB7.Mee pregame Bm bn801tp rasp Sore a cony mode on ee pound under my dirmeon aid Be Mte mod.NM/eM bed of my knowledge,Wm..,and 2 The afmlacl properly We w4Mn Zone'C',arses determined to be ouege Ite 500 Year 0.548.000...*Meow under donate Meal Lis and Bedtmrwa as Meer hero,and to complete such food plain.according to the FEMA Flood Insurance Rae Map for the Lot City of Corpue 1.Bloat Mork WM due end Nesoabe d.W.n.0Pr0 100B.t�an�d/M...Menal puke. Christi,Nueowa end K4barg Cannes Penal Noe 484464 0283 C and 405484 2080 C 4.07 Ages Oven under My Hand end bed Veale O..{d.y 08_/_t9-7� 2014 ,�F'(E OF daed.H1Y t8,1885. 4� `. af� (177158 A.2) lit 1..'; ''..-41 *lfnct`,( 3, The O has wand for Me aeon water r noff kern Ws property k he NO Creek.The sflj +S L4 f; ty' ,R.P7.s.Ws (r-;. !N..,••T•7Ai ICED nu not classified the«wadld.we her the Cao crrk,adBgrawatlr duan I 6t: >• 4 environmentally sensitive arae.The Oa Creek flows directly Into Om By.The TCEP nee ■ ,f Y l 4 U I; .•,'y/3 dauiged to aeuatk life use fa the Otto By aas rooho'Exceptional.and%hater Water'and 8 14 H i t<Z LLL�11 y( categorized the r.c.iwnp wren es'Contact Reaallon•use 1� ! STATE OF TEXAS § \T YY w g 4 i l coon Of NUKES 4 N any Mt o developed with reddentid uses,compliance with the pudic open space sde ra4W.°na will be required during Ne building pen.phase` c4' IH,Br et patofto heels dnaib.d neopeoY eat approved by the 00000mwm of Davalpmenl 5Frmrs of the ai;:of p Cy of Corpus Christi,Tries. 5. Properly crest damply with Ts00T Traffic Aaase Management fhn 8 $ 8. Total platedarea m 4.o1 ages. 1e 1 7 Ion mid ole!6181 all propdy tonere,parent baa comma we noted. Rade T.calors,P.C. 8. To brepayment of dire Uo0,d Development Cafe aro are San000pmeM Service Engineer NS negatenartd shows ache a wNea te Change ole the wrung may Change, STATE OF TEXAS 4 COUNTY OF NUKES f This Final N l pthe herein describedproperty witS approved on behat of Weary of Corpse Chrirtl Texas by to m nning Commission on this day of 2014. i LA' E 'O M Van V Legend ...__UNE TAAIS.E rti . Vied,P.E. Philip 1.Ramo,ALA.,lBED AP • 9a 112'Yen Red NIRA BEARING OIBTANCEf SecretaryChairmenFound lean Roe m N10•SB04•NI 21,12 j Found Inn rep* STATE Of 14000 § M.R.N OT. Map Res Cast COUNTY Of NUECES§ Nueces aatty'Tues k hep R• Record aleasurarem 8!46 I.Diana 1.Bar.,Perk of the County Court in and for sad County,do hereby certify that the forgoing instrument dated the day of 2014 with its certificate of authentication,was Med for record M 6 my*Moe the day of _,2014 at o'aak_M.,and duly recorded the___ 0 25 50 100 ply of 2014 at Molar* a Me Map Records of said carry a Volume `A _..__ .1! 1 Page InsfmnaM Number Iii hal 'ft., LL 2prw Ra�lxe,hwd S®e;1•=50' ]s 15'IA*frrwht timess to my hand end ha and Yea mai ari men. Court In and for see County at oHNe M Corpus Christi,Nueces County, Team° d523.er Awersr74 �e rs----- FINAL PLAT OF IN°d eSPEAR SUBDIVISION, de RC W.Abb.I* fer RHerrera,ota traria T.Herrera,awl VM174,Pp 408ry Ear Perk Num.County,texas Block 1,Lot 1 Being a Replat of 4.07 Acres out of —..-- oaod_M BYor Part of Lot S.Section 8,of Bohemian Colony Lands Subdivision, Saratoga edAyymrISH sn/ Shown on a Plat recorded in Volume A,Page 48, Map Records,Nueces County,Texas, JANUARY,2014 ' SURVEYOR/ENGINEER' OWNER: .. GOODWIN LASITER,INC. SPEAR CONSOLIDATED.LTD. 4077 CROSS PARK DRIVE 3814383-5.588 SUITE 100 225 SOUTH CARANCAHUA STREET BRYAN,TEXAS 77802 CORPUS CHRISTI,TEXAS 7540t TBPLS FRMB 10110901 JOB NO:851902 TBPE FIRMA 413 .., Exhibit 1 RECORDER'S MEMORANDUM At the time of recordation,this instrument was found to be inadequate for the best photograph reproduction because of illegibility,carbon or photocopy,discolored paper, etc. All blockout additions and changes were present at the time instrument was filed and recorded. CONSTRUCTION PLANS FOR Spear Consolidated , LTD CORPUS CHRISTI,TEXAS 78415 SPEAR SUBDIVISION UTILITY EXTENSIONS ca z 0 FEBRUARY 2014 In 0 F w Z r.. ..°......+.s.,... h c,rrcr.r,.. -..r-....<w..... a O m.na.na O Eh *VWN a Drawing index CD No. Shan Tide m Com Star D co cis Peru l...i Ir....... En c,I Isar Ma. 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R c 1 v, 6:. 5Z-1'p Watine Profile St0+ 0 St .6+00 C2. • • + c +l r-o o vAleal r•z a i Exhibit 2 Page 4 of 13 RECORDER'S MEMORANDUM At the time of recordation,this instrument was found to be inadequate for the best photograph reproduction because of illegibility,carbon or photocopy,discolored paper, etc. All blockout additions and changes were present at the time instrument was filed and recorded. . . 0140444 Melast g , !.1 . I I•I•.••.13.7.L....Y. •0 ta r -1 I . ......"747 aVe•'''7".' ...;..6".Z1'.' .1.5. r . 55Ft-L•1.541145 i . . It_ r f / 1 s - --- —_. _________________ j . _ 4 414 .4 gl _., •5. -- ,,,, °'‘,.. ,..• 4------••- i-.-.., ------AL....:"------17,„,--f_7__.-7 777:-.1:77"....:7"- ..,.....- v yl it 1 ' VT0 =:"..'"...••••••'••••." WM 41 ........c•..mtsir<4. '.'" '\I i, -Z1,Ili .......... •• ' ' K.....47.74,,IFL e. ...• 1. —ZP \ I 01 1 -- ei• . . 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I 1,51.41-.—I 1 t3.at t Sk-- Z e :...,.i ..,......- 4•001 Waterline Profile Sta.6+00-Sta.11+9059 C2.2 HorOonlid 1,213-0*Vertical r-2-0*1 1 Exhibit 2 Page 5 of 13 RECORDER'S MEMORANDUM At the time of recordation, this instrument was found to be inadequate for the best photograph reproduction because of illegibility,carbon or photocopy,discolored paper, etc. All blockout additions and changes were present at the time instrument was filed and recorded. t" ."'..AllaMMW o.s .. ...._"- ,, 1 3 I t .o., 3 :11111 !I L t n k,� ft ' ,4„...,g; f i \la° , Weter6te Ran Sts 0+00-Sta.5+50.19 r.�d r+ rn 0 tnan LI Y o *.. X .d W d 2 w e_. 4 _. l _ .-*--------1.-*--------1c0 C .. — is N 3�n s = c iii u . y • C2.3 • Waterline Profile Ste_0+00 Sts 5+50.19 Haran r-2a-v,vertical r-7-0-I 1 Exhibit 2 ` Page 6 of 13 RECORDER'S MEMORANDUM At the time of recordation,this instrument was found to be inadequate for the best photograph reproduction because of illegibility,carbon or photocopy,discolored paper, etc. All blockout additions and changes were present at the time instrument was filed and recorded. .. / i 0.4111"571... 1-C2 I - .tea, la - .. . -:.i \G..., , Teig-- ; J'i It J rrFL.-1,...J.?ra'0 ! f Sanitary Sewer Plan Ste.0+00-Ste.6+00 r-2a-o 1 2 ��_,© s a'!i i __-I- 11 z it n ....,_,S;?l I; y ii • uu • • 4.1 rei ._....„.. -_.� ,$ ,..1! d d .. I .. tett a- d a IR C 6 C II- I `t t " VI an Li V.3 Sanitary Sewer Profie St 0+00 Sta. C3.1 6+00 t r-2v-a°.v.roeu r-r-o l 1 Exhibit 2 Page 7 or 13 RECORDER'S MEMORANDUM At the time of recordation,this instrument was found • to be inadequate for the best photograph reproduction because of illegibility,carbon or photocopy,discolored paper, etc. All blockout additions and changes were present at the time instrument was filed and recorded. i .. 4 t-r 11_ -I- 111�►�- ; i 1 1 .;4'--."-'''*'--.'\4IP w,„!____,...--_,I, !..‘ I\ ' _ ..,. ,. 1 \ 1! `` - II _"mq,yam s<. 1 a . J IN-; r Sanitary Sewer Map r-ear r 13 Sanitary Sewer Ran Ste.6+00-Sta 8+06.07 r-2V-0 2 •-••.:t! Et O..M.w+hw.a Y * . ---�, tl..nN.uMi 0•01I er i • 1113,195av e . •• n it c � : - r - - + 1 k_________ n S HOW x I a Ft l v 5 G a�qq 9. N f�YI.:M14.F Q 1 N . 7a 371. 13A F6 is 4- toiUa "1,01,0 k. 535CCm ..k. C3.2 . Sanitary Sewer Profile Sta.6+00-Sta.8+06.07 Horizontal 1,217-0".vxtic�f r-7 0 1 Exhibit 2 Page 8 of 13 RECORDER'S MEMORANDUM At the time of recordation, this instrument was found to be inadequate for the best photograph reproduction because of illegibility,carbon or photocopy,discolored paper, etc. All blockout additions and changes were present at the time instrument was filed and recorded. ..x, ( way ..� SPEAR SUMMON I { ),(j II _1_-_ .._::.:::-. .-----..: r . _ . »______„..,'N .jr. :. i'n'"" ii lit4 J r I z: �R ... .."."42::..7. ••" 116:Ii:jig Iligmii; Storm Sewer Plan Sta.0+00-Sts.6+00 r•217-0'12 ;;t# iEa 11 Nil or 1 _ _ u I!• € I ,u3* _. -- ;.._... .. oi. .�� I o 0 - - , TA- .._, } p 4 'it V [ .... .......____ __.—......,—.7:___77.-.......;___--;.. „.. , . - -. -. ...' -.--. w 15 I ii�a iv I c k . o 'Y . tt. .. I C4.1 - Storm Sewer Profie Ste.0+00-Ste.6+00 Ho,rro,a.t r•20-0',vertical r•z-o 1 1 _ Exhibit 2 Page 9 of 13 RECORDER'S MEMORANDUM At the time of recordation, this instrument was found to be inadequate for the best photograph reproduction because of illegibility,carbon or photocopy,discolored paper, etc. All blockout additions and changes were present at the time instrument was filed and recorded. __ __ .,.,,.. ` " i i ss73Zsx-- {!, • ` 77I 1 .t • ,, C, . Fo . .. mssy ��' ��„ 5- 4.; •-- f y = 5� w Y tE «�2' 'a� r'�!I.n....:C$"�a .... \� . r"` IP, li t wt�� r- -..I t ZI iI arif —Storm Sewer Plan Sta.6+00-Sta.7+8251 �-- z!u ;\. ol:t . 11 i I L________. la, r r. il 4! a•rr..<.... f� 3 , _ f c 3 ! y x H . —�17 ' C ruiw un.a•. ... t , 2 Y 5 a d y I 1 `n 7, . 6`n .. —._7 r-- i t . . h_-1 N V V/ �S -'n Al .S 635319 ;. '-'-''''s-. C4.2 Storm Sewer ProNe Std 6+00 Sta.7+8251 r.«tmnai r-m-a,vartlni 1,7-0'Fr Exhibit'.2 Page 10 of 13 RECORDER'S MEMORANDUM At the time of recordation,this instrument was found to be inadequate for the best photograph reproduction . because of illegibility,carbon or photocopy,discolored paper, etc. All blockout additions and changes were present at the time instrument was filed and recorded. . . , ........,• ...,......• a, .--:-.::...—.-.--,______- ---.- '4',:.-:-7.7,:•'7--.7.'-rr:- ..-.:7-:"7"-- • r--t7i.....1....,___1 "v4cf.... ,..:-.... „7.....;.,.. ..-....... -----=-....-.1.-.:.-----.T..-_-...=..........-r. .. ,Zz -7--"--' '.-;.:. ..:......-1 i .„„....................... .-7:741.IL:7..÷..";=.2 ::.-1---.r,•rr.......r......"'.-.=.7.:==..... ?" I 0.i.. p-7.air. ri .:•.-.-••- 0 ai,".:.,•=3:11:....-..:r-R--7::: EF`.T...•..7.-.:......":•''.-1:S2=r •,--:-----=.7y_7!---..=...z.r.,:,:::::::::•:. i „ 1 • 1 -.......,....-.,..., , -F:-:_x:F:„14/4. [Fr.;i..,-7,I,...,:.:z. 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WA I I tera 1 3 Standard Water Details Standard Water Details _ Exhibit 2 Page 12 of 13 RECORDER'S MEMORANDUM At the time of recordation,this instrument was found to be inadequate for the best photograph reproduction • because of illegibility,carbon or photocopy,discolored paper, etc. All blockout additions and changes were present at the time instrument was filed and recorded. 1111 liegialar Zr.... .,7---....--- . •),C7-_-":"--- —,-- —, -1—C*7-. ii Jar ar- ._.. ----\--— . 7- ,..I....... -- a hE =.1 , nr r4 u.°azatom macraw.rvwur/MOM/ As Wt .2 PIMP!IMAMM4erwa -....r..-- __ 1111', 1, -..`G-.'.____-.lt -L-'2,-.-.=. w..--. t it _�or j- #r1�is�Mllr / f-rr - ...'-rte_ _ ._. . }®` � r- -,.. rte ..- g5.tit : z it Err - �':..._ . ....._...._ .. .= it fC-i,. i} .r., . _ max� _ . o;If Not Used 174— Standard Water Detail t'rIi'_L'_.-',_.--t' =fir 1' --Y- _ tree r �-..-, - ..-_ x ..-...-.... it. / lH" a--'m"... r=F.i. . $:'S m'^" I : - -- .-. ^-..._ nj;,�a :wow wiLvr:-- -- 1 J�{i3MSk q-5 .-. rui.arsareratsamnt. :...a M`- "II- Can 1 C'!!; mea_ reada0ttair+ - .3 11.1 L •- ♦. 1FfT R't:.tlsi ��jz�.S- - � w.o Ym.a r.my 1L.-..._....��SS••• 5C e:Rrr.^ m.eete, - — e •ii►fJ57•--• .� 1 l +.-fR lemma V(u..i.-nn.-S n.cY r`-! arM Q J �r�`I - -..---...- ar, P. - • 1- .r -- 'r'?:��---rte— 4 FL 6 �Rifr� MAW.- adlO•I ..- _..... -- ~' rr..fr-' =.;-•.1.„........—..,..,....-- =;.7".”......r..-- . -- . tf V L 2' -- •.o .--. ._- re -a - -�rSxrt_•.- ...-.L... r - 47.... a`Oi �i•� - eWV - - ng ` ... --•�rJy„{ 33-- -, go,. 10(41(YD=OAP y .. .� N{..t 11. • -9RM- `IS2)>R iiia YA i7 w ..-....- •• Twr... -.7.''';'M ,:varLizil.mr --------- — C5.3 - Standard Storm Water Detain NTH[ 3 Standard water Detain HTB t - Exhibit 2 au*13 of 13 Project: Spear Subdivision Utility Extension Total Project Cost Estimate N il , Date: March 25, 2014 GOODWIN - LASITER - STRONG GLS # 698059 ENGINEERS ARCHITECTS INTERIORS SURVEYORS 4077 CROSS PARK DRIVE, SUITE 100 BRYAN, TEXAS 77845 Page 1 of 2 979-776-9700 FAX 979-776-3838 CONSTRUCTION COST ESTIMATES Item Description Qty Unit Unit Price Total General Items 1 Storm Water Pollution Prevention Plan 1 LS $1,200.00 $1,200.00 2 Site Cleanup&Seeding 1 LS $1,500.00 $1,500.00 Sub-Total $2,700.00 Drainage 1 30"RCP Storm Sewer 819 LF $130.00 $106,470.00 2 5'Manhole 1 EA $6,000.00 $6,000.00 3 Remove&Replace Concrete Slope Protection 19 SY $25.00 $475.00 4 Trench Safety 819 LF $1.00 $819.00 Sub-Total $112,945.00 Water 1 12"PVC(C-900)Water Line 1,138 LF $45.00 $51,210.00 2 12"Gate Valve 3 EA $3,500.00 $10,500.00 3 Fire Hydrant 5 EA $3,500.00 $17,500.00 4 Connect to Existing Water Line 1 EA $300.00 $300.00 5 Trench Safety 974 LF $1.00 $974.00 6 Remove&Replace Concrete Pavement 18 SY $50.00 $900.00 7 Remove&Replace Curb&Gutter 10 LF $25.00 $250.00 8 Remove&Replace Asphalt Pavement 14 SY $45.00 9 $630.00 9 Remove&Replace Concrete Sidewalk 8 SY $50.00 $400.00 TOTAL FOR 12"WATERLINE AND RELATED ITEMS $82,664.00 1 8"PVC(C-900)Water Line 487 LF $35.00 $17,045.00 2 2"PEP Water Line 487 LF $7.50 $3,652.50 3 Short(single)water service transfer 2 EA $400.00 $800.00 4 8"Gate Valve 1 EA $2,000.00 $2,000.00 5 6"Gate Valve 1 EA $1,800.00 $1,800.00 6 2"Blow Off 1 EA $500.00 $500.00 TOTAL FOR 8"WATERLINE AND RELATED ITEMS $25,797.50 Sub-Total $108,461.50 Sewer 1 8"SDR 26 PVC Sanitary Sewer 771 LF $44.00 $33,924.00 2 5'Manhole 1 EA $6,000.00 $6,000.00 3 4'Manhole 3 EA $5,000.00 $15,000.00 4 Trench Safety 771 LF $1.00 $771.00 Sub-Total $55,695.00 instruction Cost Estimate SUBTOTAL $279,801.50 Design Surveyand Engineering Design $24,000.00 ,TOTAL PROJECT COST ESTIMATE @ 110% I $334,181.65 - RECORDER'S MEMORANDUM At the time of recordation,this instrument was fou.on ndl to be inadequate for the best photographepr because of illegibility,carbon or photocopy,discoowredere Exhibit 3 paper,etc. All blockout additions and change> present at the time instrument was filed and recorded. I .• 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. 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. K:\DEVELOPMENTSVCS\SHARED\LAND DEVELOPMENTORDINANCE ADMINISTRATIONWPPLICATION FORMS,FORMS AS PER LEGAL`,2012\DISCLOSURE OF INTERESTS STATEMENT 1.27.12.DOC Page 2 of 2 Exhibit 5 .' ^ .. . .. ^ FAioo. �\\/\ ` 6uEL. S ^ SA(-prk��� Aelai2406C'..1 of Comus Otiristi apment Services/ Special Services �m�^ '��� �����x�, "��oww .ww CarpuChristi, �� ����� s IX ^`*-�v� 0oc� 2#1_-.11 it #7.7.1i 4 8:!;;;.! PoseS 30 07/11/2014 10:14AM U�fi.�iol Records uf NU�:ES COUNTY DIANA COU" :LERK Fee^ $13i.00 Aoy p,nvi�iun �erein which restricts the Sulp, ur ths described AL pK0PERTY �ecouse oi Ruce, Color, ||uf",', Hil /!/` ' //n / , �ovnl d x:d ��cnfurcpoHe oo'& / EDEKAL AWJ/12/8� ^ F7iED •.` \'x _ /n \y we` ooJ wus jo)y RECOKDED , +h. PvhReccrds u� • ,,In-Lx 8or. , ^ . Letter of Credit , �'` AmencanBank P.O.BOX 6469 CORPUS CHRISTI,TEXAS 78466-6469 PHONE 361/992-9900 ISSUER: American.Bank,N.A. FAX 361/991-0084 PO Box 6469 24-HR.BANK-BY-PHONE Corpus Christi,TX 78466-6469 992-9901 CUSTOMER SERVICE DIRECT UNE 992-9911 INTERNET SITE americanbank.com IRREVOCABLE LETTEROF CREDIT NO: 973 MEMBER INDEPENDENT BANKERS ASSOCIATION OF TEXAS DATE: June 18,2014 BENEFICIARY: APPLICANT: City of Corpus Christi Spear Consolidated, Ltd. P.O. Box 9277 225 S Carancahua Corpus Christi, Texas 78469-9277 Corpus Christi, TX 78401 Attn: Development Services Attn: Harry M. Spear,Jr.; Partner AMOUNT: $334,181.65 EXPIRATION: June 18, 2015 Dear Sir or Madam: We hereby establish our irrevocable letter of credit ("Irrevocable Letter of Credit") in favor of the City of Corpus Christi ("Beneficiary") for the account of Spear Consolidated, Ltd. (DEVELOPER), acting by and through its authorized agent Partner, Harry M. Spear, Jr., ('`Applicant"). authorizing Beneficiary to draw on American Bank, N.A., located in Corpus Christi, Texas ("Issuer") the amount of THREE HUNDRED THIRTY FOUR THOUSAND, ONE HUNDRED EIGHTY ONE DOLLARS AND 65/100 ($334,181.65), under Beneficiary's draft bearing the clause "Drawn under 973 American Bank, N.A. Irrevocable Letter of Credit No. 973, dated June 18,2014"and accompanied by all of the following documents: 1) The original of this Irrevocable Letter of Credit; and 2) The signed and dated statement of the City of Corpus Christi's City Manager, or any Assistant City Manager, Interim City Manager or Interim Assistant City Manager, or Acting City Manager or Acting Assistant City Manager, or the designee of each. The signature of such official claiming such title together with title designation on the draw demand shall be conclusive on the issuer without further exemplification or other proof of identity or title and further stating as follows: Exhibit 4 Page 1 of 3 "That DEVELOPER has not installed the required improvements or vacated the plat of DEVELOPMENT as required by its (Deferment) Agreement with the City of Corpus Christi, the Beneficiary, within the time period allowed." This Irrevocable Letter of Credit guarantees the obligations of the Applicant to the Beneficiary as provided in the (Deferment) Agreement. Partial drawings are not permitted under this Irrevocable Letter of Credit. This Irrevocable Letter of Credit is not transferable. Issuer hereby agrees with Beneficiary that upon presentment on or before 5 o'clock p.m. (CDT), Corpus Christi, Texas, local time no later than June 18, 2015, that drafts drawn under and in compliance with the terms of this Irrevocable Letter of Credit, Issuer will duly honor this Irrevocable Letter of Credit. This Irrevocable Letter of Credit is guaranteed for one (1) year from the date of issuance and it will be automatically extended, without amendments, for additional periods of one year, and at one year intervals thereafter unless: (1) at least 90 days prior to the then current expiration date, Issuer notifies Beneficiary in writing by Certified Mail at the above address that Issuer has elected not to extend the expiration date of this Irrevocable Letter of Credit; or (2) at least 90 days prior to the then current expiration date, Beneficiary through any of the individuals named above notifies Issuer in writing by Certified Mail at the above address that Beneficiary has elected not to extend the expiration date of this Irrevocable Letter of Credit. In the event that notice of non-extension of the expiration date is given, failure to receive the automatic extension or a substitute Irrevocable Letter of Credit at least 30 days prior to the expiration of the then current Irrevocable Letter of Credit constitutes a default upon which the then current Irrevocable Letter of Credit may be called in its entirety, even though not stated above as a specific event of default. Upon Issuer notifying Beneficiary of the non-extension of the expiration of the Irrevocable Letter of Credit, Beneficiary may also draw under this Irrevocable Letter of Credit by presentation of Beneficiary's draft bearing the clause "Drawn under Bank Irrevocable Letter of Credit No. 973, dated June 18, 2014" and accompanied by document (1 above without it being necessary for such drawing to be accompanied by document (2 above. This Irrevocable Letter of Credit sets forth in full the terms of the Issuers' undertaking and such undertaking must not in any way be modified, amended, or amplified by reference to any document, instrument or agreement referred to herein, or in which this Irrevocable Letter of Credit is referred to or to which it relates, and any such reference is not deemed to incorporate herein by reference any document, instrument, or agreement Issuer is not a party to, or bound by the terms of any agreement between Beneficiary and Applicant. Furthermore, this Irrevocable Letter of Credit cannot be amended except with the written concurrence of Issuer, the Applicant, and Beneficiary. Exhibit 4 Page 2 of 3 This Irrevocable Letter of Credit is subject to and governed by the Institute for International Banking Law and Practice's International Standby Practices 1998, ICC Publication No. 590, to the extent not inconsistent with the laws of the State of Texas, which laws govern this Letter of Credit, and more particularly with the provisions of Chapter 5 of the Texas Business and Commerce Code currently in effect. Sincerely, American Bank, N.A. INV44 ilittetkei Mark Meyer Chief Lending Officer Approved as to form this day of °I , 20 ICI t1-41) tv Nance print) Signat e: Assistant City Attorney City of Corpus Christi Approved as to form this 3 `� day of 071/4.., , COrvST-R,'-IC6 P. Name (print) Signature: Director of Finance Exhibit 4 Page 3 of 3 City of Corpus Christi,Texas Department of Development Services City of P.O.Box 9277 Corpus Christi,Texas 78469-9277 (361)826-3240 Orr us Located at: 2406 Leopard Street = =Christi (Corner of Leopard St.and Port Ave.) 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". NAME: SFEALtZ Go i t.5t,l..t 46,'CtLi> t [..'rt'tb STREET:2,?_6'4 .CAtZAktdp,t-h(1p. CITY: Gn5g..F4.6 Cj-ti(ZtSilt T Y ZIP: "t $44t FIRM is: ❑Corporation X Partnership ❑Sole Owner ❑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) Lt. 4./S► 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 (4/e Li/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 te5t-614 At:, .A& t3Qd(Lb COQ A1:).duST ie fJ, l 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 RA.- (4./D• 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, Texas as changes occur. A r C ' Certifying Person: i`eI.Ot2�^�t1 S�'�f� Title: _� (,(�. UCCM (Print) I/V1 . 71..t7( /Signature of Certifying Person: i Date: 2 t/ ( 4- K:\DEVELOPMENTSVCS\SHARED\LAND DEVELOPMENTORDINA. .I MINISTRAT10 PLICATION FORMS\FORMS AS PER LEGAL\20121D CLOSURE`OF INTERESTS STATEMENT1.27.12.DOC Exhibit 5. Page 1 of 2