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Riverchase(3)-CN 860708 CITY-DEVELOPER AGREEMENT THIS AGREEMENT is entered into as of the ~"'"F)~day of ~J~ __, 1986, by the City of Coppell, Dallas County, Texas ("City") and Rive,~chase Joint Venture ("Developer"). / The following recitals form the basis for and are part of this Agreement: A. Developer Is the owner and developer of a project known as Rlverchase, A Master Planned Community in Coppell, Texas ("Riverchase"). B. Developer has agreed, as outlined in the ~z'ontng ordinance for Rlverchase, to pay all the expense for traffic signalization (as described in Exhibit "A") and to pay 1/2 the expense of permanent improvements (as described in Exhibit "B") to the intersection of MacArthur Boulevard and Belt Line Road, in the City of Coppell. If work is to begln at this time, other additional improvements will be necessary (including fill, temporary storm sewer, temporary pavement transitions to the east, west and south of the intersection, etc.). The above described items are collectively referred to herein as the "Work". The Work is fully described in plans and specifications prepared by Nathan D. Maier Consulting Engineers, Inc. and signalization specifications attached. ,-,.. C. After considering possible relocation of Belt Line Road, City has notified Dallas County that it is the present desire of the City that Belt Line Road be improved within its present right-of-way and in reliance upon such notice and the actions of Dallas County, Developer has agreed to proceed with the Work. D. City and Developer agree that if the Work is done at this time (prior to reconstruction of Belt Line Road) it ultimately will be cheaper and safer to rebuild Belt Line Road and will lessen interference caused by traffic diversion. NOW THEREFORE, in consideration of the mutual promises in this Agreement and the mutual benefits to be obtained from the Work, the adequacy of which is hereby acknowledged, City and Developer agree as follows: 1. Developer to Cause Completion of the Work. Notwithstanding Developer's obligation to pay only for traffic stgnalizatlon and 1/2 of the cost of the permanent lntersectlon, Developer at its expense agrees to cause: awarding of a contract for all of the Work to a contractor reasonably acceptable to the City; the issuance of a work order to commence all of the Work; and completion of all of the Work. Developer shall provide City with an executed copy of its contract and such other documentation as Is reasonably requested by City. Developer shall be responslble for all contract administration and construction management. Developer shall use reasonable efforts to cause the Work to proceed as quickly as practicable. Developer and its contractor are hereby given a temporary construction easement over all public right-of-ways reasonably necessary for conducting the Work and City agrees to execute such further instruments as may be reasonably necessary and shall otherwise reasonably cooperate to effect completlon of the Work. 1/07/86 --1-- 2. Requirements of Contractor. Developer shall require the contractor to furnish a performance bond and a payment bond complying with the requlrements of the McGregor Act. The bonds shall be in favor of Developer and City, it being agreed that City has an interest in the performance and payment of the Work. Developer shall require the contractor to carry comprehensive general liability insurance with limits of at least $500,000 and with City and Developer named as insureds. Upon request, Developer shall obtatn and furnish certificates evidencing such insurance coverage. 3. City to Accept the Work. City will at tts expense periodically inspect the Work. Upon completion as per City speciflcations, Clty shall promptly obtain a certificate of completion from Its eogtneers and issue its Certificate of Acceptance and assume ownership of the Work. Developer shall deliver good title to the Work free of liens and encumbrances. 4. Developer to Assist in Bridqe Approval. Improvements to Belt Line Road will require construction of a new bridge where Belt Line Road crosses the Trinity River (near the Intersectlon of MacArthur Boulevard. and Belt Line Road). City and Developer agree that the construction of a shorter brldge than is now planned (and approved by the Army Corps of Engineers) would benefit City by reductng tts costs for the improvement of Belt Line Road. Developer, at Its expense, agrees to retain Nathan D. Maier Consulting Engineers, Inc. to provtde the City with reasonable consulting and assistance in obtalning approval for the new design from the Army Corps of Englneers. 5. Pavtnq Donation. The southern boundary of Rlverchase is adjacent to a strip of railroad right-of-way that ts adjacent to Belt Line Road In its existing location (i.e. the railroad right-of-way is situated between R',verchase and Belt Line Road). Developer agrees to donate to City a sum equal to the prorata share of the City's paving assessment for improvements to Belt Line Road computed as if the southern boundary of property owned by Developer within Riverchase was actually adjacent to Belt Line Road. Developer's first installments on the donation shall be (al the sums expended by Developer as per Paragraph 4, and (bi the sums expended by Developer in connection with the Work that exceed Developer's prior commitments (i.e. sums in excess of the cost of traffic signalization and 1/2 of the cost of the permanent intersection). The balance of the donation shall be paid when assessments are due from other landowners for improvement of Belt Line Road. Developer's donation shall be subject to the provisions set out below. 6. A~reements if Belt Line Road is Relocated. The zoning ordinance for Rlverchase describes certain agreements by Developer related to the WorK, landscaping and other improvements associated with Belt Line Road in its existing location. City (acting through its mayor and council) has recently adopted a resolution which in effect states that to the extent the City Council of .Coppell has authority to determine whether Belt Line Road should be relocated, it is the determination of the council that Belt Line Road should not .be relocated. However, it is understood and agreed that the City is free to change its position on the relocation issue. 1/01/8~ -2- Should City take ~ny action (prior to reconstruction of Belt Line In its present location) to change its position on the relocation of Belt Line Road and as a result thereof such relocation shall occur, or should City take any action that causes Belt Line Road not to be reconstructed in its present location, the following provisions shall apply: (al City shall upon demand reimburse Developer for all sums expended by Developer for or associated with the Work and all sums expended by Developer as per Paragraph 4. Developer's expenditures for the work will be made in reliance upon City's promise to reimburse Developer as set forth in this paragraph 6(al. (bi Developer shall not be required to make any of the improvements related to Belt Line Road required by the zoning ordinance; and (c) Developer's agreement herein to make donatlons for Belt Line Road shall be null and void. (d) It ts anticipated that the City's promise to reimburse Developer as set forth in Paragraph (al above may be satisfied out of current or reserve revenues or other sources of funds. If City does not fulfill its promise to reimburse Developer as set forth in Paragraph (al. Developer shall be entitled to recover a money Judgment against City awarding such reimbursement and with a court order requiring the City to incorporate the cost of reimbursement into a budget and requiring City levy a tax sufficient to pay for the reimbursement. 7. General. This Agreement shall be binding on and inure to the benefit of the parties hereto, their successors and assigns, provided, however that no assignment shall be effective until approved by the remaining party, which approval shall not be unreasonably withheld. This Agreement is not made for the benefit of any contractor, the public or any other third party, and no third party shall have any rights under this Agreement. Any notice given under this Agreement shall be delivered to the following address unless wrltten change of address is received. City of Coppell Rtverchase Joint Venture P. O. Box 478 5420 LBJ Freeway Coppell, Texas 75019 Two Lincoln Centre, Suite 1370 Dallas, Texas 75240 ATTN: Jay Patterson Executed as of the date first ~bove written. CITY Oft P · ~ ..-' Mayor Attest: _- City Secreta-y' .~,..-~ RIVERCHASE JOINT VENTURE By: Terra Land Dev~ment Co,, VentureMana~ ~t~rson, President The Coppell City Attorney has approved the form of Agreement and represents to Developer that this Agreement lsa valid and bindtngl. Obllgatton of City, enforceable in accordance with its terms. /q~-~ Co~e~/ty Attorney City-Developer Agreement EXHIBIT "A" BELT LINE ROAD AT MACARTHUR BOULEVARD TRAFFIC SIGNALIZATION ITEM ESTIMATED NO. QUANTITY UNITS DESCRIPTION 1 4 EA 5-Sect)on Signal Head W-12 Inch Lenses, Back Plate, and Astro Mounting BraE~ets 2 11 EA 3-Section Signal Head W-12 Inch Lenses, Back Plate and Astro Mounting Brackets 3 1 EA B Phase, Full Actuated Nema Controller with Railroad Pre Emptor and Internal Time Based Coordination Complete in Cabinet 4 ... 4 EA 45 Foot Mast Arm Pole 5 1 EA 25 Foot Mast Arm Pole 6 5 EA Mast Arm Pole Foundation Anchor Bolts ? 1 EA Controller Cabinet Foundation Complete with Anchor Bolts, Ground Rod, and Brass Ground Clamp B 654 LF 2 Inch Underground Conduit (PVC) 9 500 LF 3 Inch Underground Conduit (PVC) l0 8 EA Pull Box ll 1 EA Servtce Pole Complete with Service Meter and A.C. Power Hook Up 12 50 LF 3C # 8 Power Cable 13 13,500 LF 2 Conductor 14-Gauge Signal Cable 14 1,600 LF 3 Conductor 14-Gauge Signal Cable 15 975 LF 5 Conductor 14-Gauge Signal Cable 16 3,800 LF Loop Detector Saw Cut 17 12 EA Loop Detector Amplifiers 18 1 LS Mobilization City-Developer Agreement E×HIBIT "B" NATHAN D. MAIER CONSULTING ENGINEERS, INC, PROJECT DESCRIPTION: MacArthur-Belt Line Intersection DATE: 6-9-86 PREPARED BY' BH ITEM NO. QUANTITY UNIT DESCRIPTION Permanent Intersection I 13,218 SF Intersection Pavers 2 5,568 SF Paver Bands 3 ~. 2,240 SY 8" Reinforced Conc. 4 420 LF 6" Integral Curb 5 5,360 CY Compacted Fill 6 450 LF 24" R.C.P. Culverts 7 1,302 ' LF 30" R.C.P. Culverts 8 4.80 CY Mult. Hdwl. for 30" R.C.P. 9 3.32 CY Mult. Hdwl. for 24" R.C.P. l0 2 EA Remove Mult. Hdwl. for 30" R.C.P. ll 32 Tons Hydrated Lime 12 2,350 SY Lime Stabilization 13 170.00 LF Concrete Street Header