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HomeMy WebLinkAboutC2015-498 - 12/1/2015 - NA • Doc:-er 201'c0480c9 • 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 JCL Properties (the "Developers"), in order to defer the completion of certain required public improvements prior to recording the final plat of Lewis & Cook Addition Block 1, Lot 1 , 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 Four Hundred Eighty Eight Thousand Three Hundred Ninety Three Dollars and 40/100 ($488,393.40), 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: 2015-498 12/01/15 .ewis&Cook Addition Block 1, Lot 1 vFinal Page 1 of 8 eement Template Version 1.0 8.25.15 JCL Properties INDEXED {' V • 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 Four Hundred Eighty Eight Thousand Three Hundred Ninety Three Dollars and 40/100 ($488,393.40), as a form of financial security authorized in Section 3.30.1 of the UDC, upon execution of this Agreement. 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. 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 thirty (30) 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 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 Deferment Agmt JCL Properties-Lewis&Cook Addition Block 1, Lot 1 vFinal Page 2 of 8 Standard Form Deferment Agreement Template Version 1.0 8.25.15 • e • 4. Agreement shall be as further set out in an attachment to this Agreement, which attachment is to be attached to this Agreement and the content incorporated by reference into this Agreement as an "Attachment." The parties agree that, should there be, by the attachment and incorporation of the Attachment to this Agreement, any conflict in the terms, conditions, or requirements stated in this Agreement (including its exhibits) and the Attachment, the provisions of Attachment take precedence over conflicting terms in the Agreement and its exhibits. All other provisions in the Agreement (and its exhibits) not in conflict with the Attachment 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 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, Deferment Agmt JCL Properties-Lewis&Cook Addition Block 1, Lot 1 vFinal Page 3 of 8 Standard Form Deferment Agreement Template Version 1.0 8.25.15 • 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.B 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 the Attachment, 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 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 Deferment Agmt JCL Properties-Lewis&Cook Addition Block 1, Lot 1 vFinal Page 4 of 8 Standard Form Deferment Agreement Template Version 1.0 8.25.15 • • 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 the Attachment 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 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. Deferment Agmt JCL Properties-Lewis&Cook Addition Block 1, Lot 1 vFinal Page 5 of 8 Standard Form Deferment Agreement Template Version 1.0 8.25.15 • ` I 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 One Original, 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 on November 2, 2016. (EXECUTION PAGES FOLLOW) Deferment Agmt JCL Properties-Lewis&Cook Addition Block 1, Lot 1 vFinal Page 6 of 8 Standard Form Deferment Agreement Template Version 1.0 8.25.15 EXECUTED IN ONE ORIGINAL and made effective this / `7 day of VEc e" i380- , 20 CITY OF CORPUS CHRISTI P. O. Box 9277 Corpus Christi, TX 78469-9277 (361) 826-3240 Office (361) 826-4428 Fax Signa ure Printed Name: ��Lio17, M/45 Title: Assistant City Manager, or Designee APPROVED AS A STANDARD FORM LEGAL DOCUMENT: J eiier,4er 1 , 20 57 CITY ATTORNEY ),b,L, /-u4Signature II Printed Name: J 06\ Title: Assistant City Attorney STATE OF TEXAS § COUNTY OF NUECES § This instrument was 4.cknowledged before me o 0�, by -1)1A0 1(Ak C Oce-- (title) for the City of Corpus Christi, Texas. PY'P�• CATHERINE GARZA Z;'�L-•.�: NOTARY PUBLIC ' * i State of Texas ...: ' .�a.� : Comm.Exp.12-05-2015 Notary Public's Signature "' Deferment Agmt JCL Properties-Lewis&Cook Addition Block 1, Lot 1 vFinal Page 7 of 8 Standard Form Deferment Agreement Template Version 1.0 8.25.15 DEVELOPERS: Craig J. Lewis P.O. Box 4868 Bryan, Texas 77805 (979) 776-8245 (979 774-49 3 ( ) Mi / Signatur Printed N me: Craig J. Lewis Title: Partner Date: (1 Z01(5r STATE OF COUNTY OF 3(CG2QS § This i strument was acknowledged before me on V'AN71. , 201 , by 1LJ,.�i s ar-4-v -r- (title) of JCL Props ties, a Partnership, on behalf of said partnership. NIPASYSIIIIIINOT Nota , Pu• p ignature I r P,bc.S aTs" :4a mycommission Expires s'+!. SEPTEMBER 1.2015 Attached and incorporated by reference into this Agreement: Exhibit 1 – Plat (1 page) Exhibit 2 – Required Public Improvements (8 pages) Exhibit 3 – Cost Estimate (3 pages) Exhibit 4—Copy of Financial Security Exhibit 5 – Disclosure of Interests (2 pages) Attachment A – If applicable pursuant to paragraph 6 Deferment Agmt JCL Properties-Lewis&Cook Addition Block 1, Lot 1 vFinal Page 8 of 8 Standard Form Deferment Agreement Template Version 1.0 8.25.15 I STATE OF TEXAS Thi plat of the herein described aroPerly coos approved on behalf Cl the STATE OF TEXAS City of Corpus Cnrsh.Texas by the Department of Clevelpmen,Srvlce. COUNTY OF NUECES COUNTY OF NUECES ,„ e Thl.Ne ploy of__,2015. µx I ,tcl_FROPFRTIFS US, hereby certify ae the c.a.of LEBY,>_6Lf� I. County Clerk N and for �T A TION BLOCS 1 I0T 1 SubdIMslon with=the boundrise of that 1 nave sold county,do hereby cerlMy that the foregoing Instrument doted M1, e said Inde curveted dna subdivided m Mown; thdt streets Mown are the _day of 2015 at o'clock -and ^ faegoNg plat: dedicated to Mfore.,e pudic use forer that easements a. Rena Pottumuthu,PE,LEER,AP duly recorded the -day of -2015 at , ^k N.T.S. _ shorn re dedicated to the public use for the Installation,aeration and Development Services Engineer o'clock _ In *old county N Volume Page _ map I]N of public utilities: and that this map woe mode for the purpose of recaps. use sription and dedication No. hrT �•` This Inc___day of 2015. Thio plot of the herein described prpeSy woe approved on behalf of the FAed For Record '4w ,. Gty of Corpus Christi,Teed.by the Mooning Crnmipbn. ' �"• Ely Thi the-day of 2015. At --U 2015 Kaye Sands EE �.,,•` 0 >8 106 CRAG LEW15.GENERAL PARTNER Ork County Court / 6 ! `==. ns..ns '^ Np«..count'.T.xa. 1 ' C .,.,. Daniel M.Grime.,PE,MCP Philip J.Ramiro,AIA,LEE%AP R r SCALEt["r sa Secretary Charman _. o.• a} , . ±.. IX6NS OMR 1 / UNE E DATA STATE OF TEXAS 1••, r R y / UNE BEARING DISTANCE COUNTY OF y NOTES: esoil $ Lt s 1'2041"E 28.42' Thi Rna plat of sous A Cask AddWoo WIN.Count,Texas.approved PLATci L2 5 2707'42_E 65.01• Thi Instrument woe acknowledged before me by - by the Chritl-Nu«e. County Health Unit. Any private eater supply 2 y°' aJea••l L3 N 62'52'18-E 20.00' end/r awega system Mall be proal by the Corpus Chritl-NuecN 1. NO PORTON OF THIS PROPERTY UES NTHIN THE 100-YEAR FLOODPLAIN S y/. LL N 2707'42"W 65.45' This the__cloy Cl__�2015. County Health Deportment prior to installation. _AS DETERMINED BY FEMA FIRM COMMUNITY PANEL-485464 0145 C 00TH AN- f L5 5 88'51.18•W 11.92' - EFFECTIVE DATE OF JULY 18 1985 AND HAS A ZONE-C-RATING. I FNAS & COOK ADDITION: Le S 1'0844'E 20.00' _ Doted the___don Cr 2015. 1 L7 N 88.51'15'E 11.42' Notary Public In and for the State of Texas 2. RAdroN OF REARING_BEARINGS AN DISTANCES ARE BASED ON THE TEXAS BLOCK 1, LOT 1 COORDINATE SYSTEM OF 1983,SOUTH ZONE. ,�7 3. ALL PROPERTY CORNERS ARE MONUMENTED BY 5/8'IRON RODS UNLESS CORPUS CHRISTI, TEXAS GT Pudic Hedlh Officer OTHERWISE NOTED. i w 'a. 4, THE YARD REQUIREMENT, AS DEPICTED, IS A REQUIREMENT OF THE VICINITY MAP APPROMMATE LOCATCN UNIFIED DEVELOPMENT CODE AND IS SUe,ECT TO CHANGE AS THE ZONING OF AGNES ST.CENTERUM: MAY CHANGE. TEXAS MEAGAN RAILWAY 5. WHEN BUILDING AND EASEMENT USES OVERLAP THE EASEMENT UNE IS ILLUSTRATED. BOTH ARE LABELED ACCORDINGLY. CERTIFICATE OF SURVEYOR 6. DIMENSIONS SHOWN INTERIOR TO THE LOT,ALONG CURVES,BEGINNING NIMM'Ae"ME ARC LENGTHS. STATE OF TEXAS ACNES STREET(BUSINESS STATE HWY No.4440'MIN'AT N.O.W.) g EAy ' __.-..... 7, THE RECEINNO WATER FOR THE STORM WATER RUNOFF FROM THIS COUNTY OF NUECES (aD•R.O.W) -- - - - -1Cialr. ET.)F PROPERTY IS THE 050 CREEK. THE TUC) HAS NOT CLASSIFIED 114E .. 321(oP.RJI,CL) ENVROC ENT USE FOR THE REA.CREEK,BUT IT IS RECOGNIZED AS AN _�...- I. g00RIC B_RFERr RplstNed Professional Land Surveyor /r Frontier OSID BAY. TEE TCE0E AREA. IFI 050 CREEK IC WSOF DIRECTLY INTO_ Surveying navy ma hereby certify thut the foregoing plat was prep red THE BSO BAY.'EXCEPTIONAL' E TOED HAS 'OYSTER THE RS'A USE FOR THE from a survey masa m the ground under my direction ed le true and 050 BAY AS AS CON•AND'OYSTER WATERS'AND CATEGORIZED THE orreel that Frontier SurveWng Company has been engaged under contract 20'HIGHWAY R.O.W. .8 RECEIVING WATER AS'CONTACT RECREATION'USE. to eel Al lot and block corners and complete such operation without 15 WATER ONE EASEMENT delay. Si1PIPE UNE R.O.W. EASEMENT '.RUNE 265,PAI.2) a 0.ON-SITE DETENTION AND STORMWAIER QUALITY WILL BE DEVELOPED YMTH- VOLNNE 622.PAGE 1OIl.1E 474,PAGE 101 (O.P.R.N,C.T.) , -THIS LOT. mi the day of____,2015. 734(O.R.N.CT.) (D.R.N.CT.) 1 :$3 '9w - - -II . 9. THIS DOCUMENT WAS PREPARED WITH THE BENEFIT OF A 1111E- _ COMMITMENT PREPARED BY FIDELITY NATiOWS TITLE INSURANCE COMPNIY- -'(GF No. 140226706.DATED 3/15/14). THE PROPERTY MAY BE AFFECTED --AEI/ - -_ -- X ed3516'6-4T4-� f14.1l:0196:A0 s _BY THE FOLLOWING: - _- erii ROW-19/513.ROW-219/408.ROW-235/192.ROW-555/604 RCORIC P REESE,RPLS No.558-3- ,....„ ''-'7-. •--- 'rn:W>C-= [[ 10. CITY ORDINANCE No. 030330 CLOSED AND ABANDONED THE EXISTING SS N IS3S1W C- -T/ RIG=-0F-WAY OF BOCKHOLT ROAD DOCUMENT No.2015001792 O.P.R.N.CT, Twor E 15'Uj* 11. THIS PROPERTY MUST COMPLY WRN TvDOT'S TRAFFIC ACCESS \ p:4,,,,r , ., - MANAGEMENT PUN AND BE PERMITTED COM BY Tx00i. FPI � AJ�'''RT{�,'�7(j�J.I 12. TOTAL PUT1E0 MEA THE TOTAL PUTTED ME CONTAINS 2.555 ' J /L /'�(2' \G 20'V.E t1. ACRES OF LAND. TIER ,j't CHOBEARI =X41.4142?W NOTE/SEE FRU/ 10 M`M` s !s ... SURVEYING COMPANY :` �I SERVICES: LAND SURVEYING/LOCATIONS/PIPELINE$/MAPPING GPS/GIS CH ST.275.71' :r. .. ITT 15 r I 71 PHONE A(361)88 S 8044 00, CORFAX (36 T)TI881 - 8340401 f I, W ,JCI_PROPFRTIE$ www.frontierourveying.cam \ BLOCK 1, LOT 1 . ib 4 REMAINOBEINER G A PORTION LLED QUOF7 ACRES PLAT 2.555 ACRES G -{� y,v TRACT TWO&THREE 1- L yl( VOLUME 1838,PAGE 151(DA N.C.T.) APPN©Qe- a 7' MD BEING A PORTON OF OF • TRACT, 2 D LEWIS & COOK AMOK ' ' d '� 15 UTE % DOC.No.2003057437(O.P.R.N.C.T) IX)d(NOLr" jlBm 6000 EaJ1Itt DDcuMENT GC&SF RR CO SURVEY,ABSTRACT No,1005 JUL 1 205 1131611!X7 No.20150143N _ ;I �., (01 CT) -. ADDITION \ y �'" \ G CDM�ISSIDN 20'U.E. a/MINNWI -� _. BLOCK P T, LOT ) x 2.555 ACRES OUT OF A PORTION OF TRACT O&THREE R;'S. \ AS RECORDED IN VOLUME 1838, PAGE 151 T((D.R.N.C.T. le MND BEING A PORTION OF TRACT 1 & 2 AS RECORDED IN DOCUMENT K No. 2003057437 (0.P.R.N.C.T.4 SITUATED IN THE GC&SF RR CO SURVEY,ABSTRACT No. 1005 p f, , NI S 2511'23e E CORPUS CHRISTI, NUECES COUNTY,TEXAS 0 ! \ nog' - 4unbONkR INFORMAtiA \ JCL PROPERTIES `( 15'U,E.-,Y T P.O.BOXG4LEWIS Y14 TNWWpT T /l �,'1 BRYAN,TX 77805 ` _� t� _/-�/ � P (BIN) 6-024N0 COM GFt7I2GE F.PICHA.,61 TAo1�R0N DISC N --• ` 4l.ly'4ri' ` - '" Co�/lfi sg 6N XlIMs PX:(979)774-3003 , PORTION OF TRACT THREE 2.7/9. _A T.DOT ROW DISC F I FILENAME.0863FP14 I SCALE:1-w50• CANED 11.DM ACRES '29•7�. W • ib . -sUBuff1ED GATE:s/26/iB . 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C2.2 .01 ...it loin 8 Or s . Exhibit 2 Page 6 of 8 z Pi �r� n ,,, ,. I ...:_.a 1 �.....�..r ,.• MI) >,.aw. _ ro..ari.n rr..4. 1{ a.a.r.rvi.ouiaa S,.15404 4.:. ''•.+. 1 'm n 1 v w..0..w.. ... `rtw+.woanusv..e+! 1004 Ma U.*,..;r'«u • •• . n¢+.an.a.-upws, / r�� [...M MC tt'm P,.1.R.Ya'� , r m. •rMS a 1b Whitt ...in r t«a.ra+�a �7�` ,,,,,_ii_ r.tMCIIm 041, t r-sY MA NR•....[s a Pmts ,'t. I 1./...�""ie. 4i..MA 4R..t..a tlri Ih f�.f•t.M vR.Mt'K R •• \ + .-.tagOls Mt H4,W5(n..5„ ,,NR«K..m o _ r .t rt SUBSTAlfT1A11Y ..........K.«,CM r+SOO Orr M COIPLETE nu ��- l• -� _ f \c\ '�'*� 181111€0 FOR a c..Plf rn.0 CON CTpH .`` ...a4&¢,l..1t a1-us 7(21115 ..+or..c w Wr.m,s06.1111,{::SCI-oSao' .r.w.. .. I "�w,l SQ SKITS CO1a OarrintllctKot PMpeat m1.Mp5 PM NIC KKK=BY nes ICT ir SOMILD lel -- .-- ---\•- 41 Sm 101 .f.>— \ \ • LOP, 6f u, ....''''' 1 ';;,‘.:.:::1 f.-.x .,.w \ • .SS's .�,,..... UATCHLMJE STA. 8+40 WATER UNE 'W2 - PJN � — STA. 8+40 to END ,@ settC]) W. - si _.—.. 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WATER tR1E 'W2 — PROBE MEW— STA. 8+40 to END C2.3 .c•7, ..'r wn 7 cr e Exhibit 2 Page 7 of 8 TRENCH SHORING - MINIMUM REQUIREMENTS Ka a WAGING GI tOlmtS y •••• ! !!...� 1.111" IVC 01 0110101 I$ 4$S 11GIIQM (GWl mums•CM 11 001100 101101..11.1 WAGIf 0 Ott m tr tARiN WNW. 10190 •tN•tN •IAbS10 U►m 1 110 5 0 0 0 1 tD 12 II 10 IS•irr.m.NVOiV.K•,....iiw..... -10.0 On Mt.++•4 - bND1001 WICIOG*070900 WtM tG MT � � IU (a> (R) • .... 2• ¢� s to r 1.4 00003 . 1a ..• ..• a.• •.t .• • T1a•am.•. crwl a.. = 1204 /40T TO 040 w I •.t • t•• a•• ••• •.1 111111 2_0 •LOU.1.40,O 21x0 Scoyu4t •.I • •.• ••• •.• ••t •,t • f .,r.• ••••••01(0C111,• t(£C 7. 0 [O} Y I. _..-O s•• • •• •.• •.I •.• • 4 ___69a -_...- • A b 11 NW 11.11 • ••• ••• f•i ••I 11•11 11y,...j lx 4, } 1Q• Vtt iTO 0,44 ;• s ••• • ••• ••• ••• a.• •.• . ...s 4..1•..4.0. • •• 4� iO1.S•LI.OI•im 7O• � ••i ♦ -•.♦ ♦.• ls• 1.• ♦•r to • • S••n•e11••t•01110 I.• g•.jK 11.10 • .• ••• f•• 11•• t.40 • • �- Is rom ILL an-0,01,n s.• o' o ••II • •.4 •.11 ••• •.,e It.1• • • .a•�vr SUBSTANTIALL 01.so I4 i.e.w 1 aoes•n 1•• ,rwM••a • ••11 I•• •. + • • •. 1••11 Y - COMPLETE 1 1141..041.••C V..4441 M,O w 1341•...4•h 00001•0. .04•0 a ISSUED CM NOT 40.101.•SP.1010•01 0210 (...0 11.0 a 1t•�L,101(001 Nat ISSUED FOR 00..040 O MAL•nOtIO wN K 11101.1*re•1••a al i 5.,Z V v coN»u SnoH GOIKy01eTC4 44..•14' =KO PNOR 10 Sa rt.,ma RIU03111I01 (1M Ffy@/ @ t as a�a Scan NM mnT•,1111.1 nalc • Y' �` ) at u'S[G rut ' orf yr yr_ flC I COI LTS0 0.. ......••••••• OMas•0s 8 _ Stty or1r •f* . 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Exhibit 2 Page 8 of 8 • ENGINEER'S COST ESTIMATE w/PARTICIPATION LEWIS & COOK ADDITION WATER LINE IMPROVEMENTS CORPUS CHRISTI,NUECES COUNTY,TEXAS UNIT TOTAL NO. DESCRIPTION QUANTITY UNIT COST COST GENERAL CONSTRUCTION ITEMS 1 Mobilization, Construction Staking, All Required 1 LS $12,742.00 $12,742.00 Testing &Trench Safety 2 Traffic Control Measures 1 LS $8,990.00 $8,990.00 3 Hydro-Seeding (All Disturbed Areas) 1 LS $6,450.00 $6,450.00 4 Miscellaneous Erosion Control Measures(i.e. Filter 1 LS $3,200.00 $3,200.00 Fence, Bar-Ditch Protection, etc...) 5 Gravel Patch for Existing Driveway 23 SY $50.00 $1,150.00 6 Road Bore (Wet)w/18" Steel Casing (Sch 40) 75 LF $225.00 $16,875.00 SUB-TOTAL= $49,407.00 WATER LINE IMPROVEMENTS 7 12" PVC Water Line (C900, DR14) 831 LF $82.00 $68,142.00 8 12" PVC Water Line(CertaLok: C900, DR14) 283 LF $82.00 $23,206.00 w/Casing Spacers& End Seals 9 8" PVC Water Line (C900, DR14) 1631 LF $76.00 $123,956.00 10 8" PVC Water Line (CertaLok: C900, DR14) 269 LF $72.00 $19,368.00 w/Casing Spacers& End Seals 11 6" PVC Water Line(C900, DR14) 109 LF $72.00 $7,848.00 12 Non-Structural Backfill Installation (All Water Line 2474 LF $5.00 $12,370.00 Sizes) 13 Structural Backfill Installation (All Water Line Sizes) 97 LF $11.00 $1,067.00 14 Tie into Existing Water Line 2 EA $1,085.00 $2,170.00 Exhibit 3 CD1-157-0513-E05 1 of 3 ENGINEER'S COST ESTIMATE w/PARTICIPATION 15 Standard Fire Hydrant Assembly 8 EA $4,865.00 $38,920.00 16 12"(MJ)Gate Valve & Box 11 EA $2,300.00 $25,300.00 17 8" (MJ) Gate Valve& Box 10 EA $1,529.00 $15,290.00 18 6" (MJ) Gate Valve& Box 9 EA $1,030.00 $9,270.00 19 12"x 12"(MJ)Cross 1 EA $2,500.00 $2,500.00 20 12"x 12" (MJ) Tee 3 EA $2,000.00 $6,000.00 21 12" x 8"(MJ) Tee 1 EA $1,500.00 $1,500.00 22 8"x 8" (MJ) Cross 1 EA $1,450.00 $1,450.00 23 12" x 6"(MJ)Tee 3 EA $1,700.00 $5,100.00 24 8"x 8" (MJ)Tee 1 EA $1,250.00 $1,250.00 25 8"x 6" (MJ)Tee 3 EA $1,090.00 $3,270.00 26 12"x 8"(MJ) Reducer 2 EA $1,500.00 $3,000.00 27 8"x 6"(MJ) Reducer 2 EA $770.00 $1,540.00 28 12" (MJ)45 deg Bend 4 EA $1,450.00 $5,800.00 29 12" (MJ)22.5 deg Bend 1 EA $1,300.00 $1,300.00 30 12" (MJ) 11.25 deg Bend 2 EA $1,200.00 $2,400.00 31 8" (MJ)45 deg Bend 6 EA $835.00 $5,010.00 CD1-157-0513-E05 Exhibit 3 2 of 3 ENGINEER'S COST ESTIMATE w/PARTICIPATION 32 8" (MJ) 22.5 deg Bend 2 EA $610.00 $1,220.00 33 8" (MJ) 11.25 deg Bend 2 EA $575.00 $1,150.00 34 6"(MJ)22.5 deg Bend 1 EA $450.00 $450.00 35 12"(MJ) Plug 2 EA $800.00 $1,600.00 36 8" (MJ) Plug 2 EA $350.00 $700.00 37 2"Service Tap& Meters 1 LS $2,440.00 $2,440.00 SUB-TOTAL= $394,587.00 CD OF ••• •••' • • • l� ESTIMATED CONSTRUCTION COST= $443,994.00 0*:• �. 10%CONTINGENCY= $44,399.40 0;4 r :••to GRAND TOTAL = $488,393.40 40111Avr: ::. :3 F'S. •NG 1 * S'S/NAL „++•�o (S RME Consulting Engineers TEXAS FIRM REGISTRATION No.F-4695 POST OFFICE BOX 9253 ri1691:41 COLLEGE STATION,TEXAS 77842 OFFTFAX: (979)764-0704 f ` E-mail: civil@rmengineer.com Estimates and projections prepared by RME Consulting Engineers relating to construction costs and schedules,operation and maintenance costs,equipment characteristics and performance,and operating results are based on this office's experience,qualifications and judgment as a design professional. Since RME has no control over weather,cost and availability of labor,material and equipment,labor productivity,construction contractor's procedures and methods, unavoidable delays,construction contractor's methods of determining prices,economic conditions,competitive bidding or market conditions and other factors affecting such estimates or projections,this office does not guarantee that actual rates,costs,performance,schedules,etc..will not vary from estimates and projections prepared by the Engineer of record. CD1-157-0513-E05 Exhibit 3 3 of 3 • STANDBY LETTER OF CREDIT. Issuance. At the request and for the account of Developer, JCL Properties, a Texas general partnership, whose address is 12580 State Highway 30, College Station, TX 77845, ("Applicant"),we,The Bank&Trust of Bryan/College Station, whose address is 1716 Briarcrest Ste 400, Bryan, TX 77802, ("Issuer") issue this irrevocable independent standby letter of credit number 20151 ("Standby") in favor of City of Corpus Christi, Director of Finance, 1201 Leopard Street 4th Floor, Corpus Christi, Texas 78401 ("Beneficiary") in the maximum aggregate amount of USD FOUR HUNDRED EIGHTY EIGHT THOUSAND THREE HUNDRED NINETY THREE AND 40/100 (DOLLARS) ($488,393.40). Undertaking. Issuer undertakes to Beneficiary to pay Beneficiary's demand for payment in the form of Annex A (Payment Demand) or Annex B (Payment Demand after Notice of Non- extension) completed as indicated and presented to Issuer at the above address of Issuer at or before the close of business on the expiration date. Presentation of any demand under this Standby may be made by telefax sent from 361-826-3601 to 979-691-5474 with a cover sheet marked URGENT. FAX PRESENTATION UNDER STANDBY LETTER OF CREDIT [REFERENCE NO.]', and the document(s)received and printed out by Issuer shall be deemed to be original under ISP98 Rule 4.15 (Original, Copy, and Multiple Documents). Beneficiary is requested to telephone Issuer at 979-260-2125 and to identify this Standby and Beneficiary's • presentation being telefaxed that same business day, as a courtesy and not as a condition limiting Issuer's obligations. Overdrawing. If a demand exceeds the amount available, but the presentation otherwise complies,Issuer undertakes to pay the amount available. Expiration.The expiration date of this Standby is 11-2-2016. Automatic Extension. The expiration date of this Standby shall be automatically extended for successive one-year periods from the then current expiration date, unless 90 or more calendar days before the then current expiration date, Issuer notifies Beneficiary in writing by certified mail or nationally recognized overnight courier at the above address that Issuer elects not to extend the expiration date. Payment. Payment against a complying presentation shall be made within three business days after presentation at the place for presentation or by wire transfer to a duly requested account of Beneficiary. ISP98. This Standby is issued subject to the International Standby Practices 1998 (ISP98) , • (International Chamber of Commerce 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. Standard Form Letter of Credit Template Version 1.0 9.4.15 Exhibit 4 Page 1 of 4 • Issuer's Charges and Fees. Issuer's charges and fees for issuing, amending, or honoring this Standby are for Applicant's account and shall not be deducted from any payment Issuer makes under this Standby. Very Truly Yours, The Bank\&Trust of Bryan/College Station By: �C , - Ivan M. Olson,President Standard Form Letter of Credit Template Version 1.0 9.4.15 Exhibit 4 Page 2 of 4 Annex A: Payment Demand DATE NAME/ADDRESS OF ISSUER(ABOVE) Re: Standby Letter of Credit number , dated , issued by (The Bank & Trust of Bryan/College Station) ("Standby"). The undersigned Beneficiary demands payment of USD under the Standby. Beneficiary states that Applicant is obligated to pay to Beneficiary the amount demanded as provided in the Deferment Agreement between Beneficiary and Applicant, as Applicant has not installed the required improvements or vacated the plat of Applicant within the time period allowed in that Agreement. This Standby supports Applicant's obligations to Beneficiary under that Agreement. Beneficiary requests that payment be made (at the place of presentation) or (by wire transfer to Beneficiary's following account: Frost Bank, City of Corpus Christi Combined Funds, Account Number 664012798,Routing Number 114000093 City of Corpus Christi, Texas By its authorized officer: (Signed and dated by the City Manager (including Interim or Acting) or any Assistant City Manager or the Director of Finance (including Interim or Acting). 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.) Standard Form Letter of Credit Template Version 1.0 9.4.15 Exhibit 4 Page 3 of 4 Annex B: Payment Demand after Notice of Non-extension DATE NAME/ADDRESS OF ISSUER(ABOVE) Re: Standby Letter of Credit number , dated , issued by (The Bank & Trust of Bryan/College Station) ("Standby"). The undersigned Beneficiary demands payment of USD under the Standby. Beneficiary states that the Standby is set to expire fewer than 30 days from the date hereof because Issuer has given a notice of non-extension of the Standby and no satisfactory replacement standby has been timely received. The amount demanded is required to secure the obligations of Applicant as provided in the Deferment Agreement. Beneficiary requests that payment be made (at the place of presentation) or (by wire transfer to Beneficiary's following account: Frost Bank, City of Corpus Christi Combined Funds, Account Number 664012798,Routing Number 114000093 City of Corpus Christi, Texas By its authorized officer: (Signed and dated by the City Manager (including Interim or Acting) or any Assistant City Manager or the Director of Finance (including Interim or Acting). 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.) Standard Form Letter of Credit Template Version 1.0 9.4.15 Exhibit 4 Page 4 of 4 • City of Corpus Christi,Texas Department of Development Services Cityof P.O Box 9277 �v Corpus Christi,Texas 78469-9277 361)826-3240 Corpus Located at: 2406 Leopard Street r_ =ar_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 fol ng information. Every question must be answered. If the •. -stion is not applicable, answer w' • t NAME: I• IS�L_ `*AP.fe .Rit i1/ &A. • • STREET:I .�►'Zb b 1i Lire !1 CITY: 9, itt" lItts AltA ZIP: l' • 14, FIRM is: ❑Corporation N Partne ip ❑Sole Owner AI 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) 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- 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 chan• s occur. \\ _ n2 r. Certifying Person: Title: /, /_� �_ _(�I 1(� (Print) As' % .1.4 s' " Signature of Certifying Person: i 14_ ( Date: / .315" K:\DEVELOPMENTSVCS\SI-IAREDU.AND DEVELOPMENT/'411 i • "'MINISTRATION\APPLICATION FORMS\FORMS AS PER LEGAL 2012\DISCLOSURE OF INTERESTS Page 1 of 2 STATEMENT1.27.12.DOC / Exhibit 5 9 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 DEVELOPMENT\ORDINANCE ADMINISTRATION\APPLICATION FORMS\FORMS AS PER LEGAL\2012\DISCLOSURE OF INTERESTS STATEMENT 1.27.12.DOC Exhibit 5 Page 2 of 2 . . . . . Doc:: 20 1F;04-809 t Pages 27 12/1)3/2015 3:01Ph Official Records of NUECES COUNTY KARA SANDS COUNTY CLERK Fees $119.00 Any nrovision herein which restricts the Sule? Rental or use of the described REAL PROPERTY because of Race? Colur, Relisioo, Sex, Hondicun, Familial Status? or National Origin is invalid and unenforceable under FEDERAL LAW, 3/12/89. STATE OF TEXAS COUNTY OF NUECES I hereby certify that this instrument was FILED in file number senuence on the dote and at the time stumned herein by me, and was duly RECORDED in the Official Public Records of Nueces County, Texas KARA SANDS "1-1;41-1-7-- rem: 7-1;41-1-7--rem: u-^-^A°, q,ez&v^ of Corpus ~ iristi 2406DeleOpment Services/ Special Services Suite '�� ~==�=,=, .�w Gcopus Christi, TX 78408