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DR9303-AG 940222 (2) AGENDA REQUEST FORM CrrY COUNCIL MK~rI'ING February 22. 1994 rrKM NUMBER I 1 ITEM CAPTION: Discussion concerning potential alternative funding for the intersection of Moore Road and Sandy Lake Road. SUBMITYED BY: m.~, STAFF REP.: Konnol'h ~,f. Gri~n, P E r~r's S City Engineer O~ER R~.: DATE: Yeb~a~ ~, 199~ EVALUATION OF ITEM: In 1992, a proj~t w~ submitted for funding under the Cong~tion Mitigation portion of the Intermodal Surface Tram~rtation Efficiency Act of 1~1. It is my und~tanding that some funding h~ b~n approv~ for the inters~tion of M~re Road with Sandy ~ke Road. The funding should be an 80/20 split with the federal government picking up 80%. ~ere is a m~ting scheduled with repr~entativ~ from the No~h Central Tex~ Council of Government ~CTCOG) to discuss what h~ actually b~n funded, the timetable for the funding and the requiremen~ by the City for the funding. The details of that m~ting and the details of any potential obligatiom on the City's part will be discussed at the work s~sion. Any n~sary action arising out of the m~ting with NCTCOG and/or dir~tion provided by the City Council at the February 22, 1994 work s~sion ~ll be brought forth at a subsequent City Council m~tlng for action by Council. BUDGET AMT. AMT. ESTI.MATED A31T. +/- BUDGET FINANCIAL REVIEW BY COMMENTS: LEGAL REVIEW BY: REVIEWED BY CM' AGENDA REQUF.3T FORM REVISED 2-93 DRAINAGE AND ESCROW AGREEMENT STATE OF TEXAS § § COUNTY OF DALLAS § This agreement is made and entered into, by and between the City of Coppell, Texas, a home rule city and municipal corporation of Texas (hereinafter referred to as "the CITY") and Barbara Austin (hereinafter referred to as "the OWNER"). WHEREAS, Barbara Austin ("OWNER") desires to develop real property at the intersection of Moore Road and Sandy Lake Road, Tract 2, Abstract 638, S. M. Hiatt Survey, City of Coppell, Dallas County, Texas, and being more particularly described in Exhibit "A" attached hereto and incorporated herein by reference ("PROPERTY"); and WHEREAS, a dispute exists between the CITY and the OWNER regarding the existence and cause of certain drainage damage to the property described in Exhibit "A", and generally described by the OWNER to be the result of the development of downstream property and the rerouting of some drainage areas, and with respect to the rights and liabilities of the parties in regard to the cause and remediation of said drainage problem, hereinafter referred to as the "DISPUTE"; and WHEREAS, the CITY and the OWNER understand and agree that the claims asserted between them are doubtful and in dispute, and have settled such disputes by compromise to avoid litigation and buy peace; NOW, THEREFORE, in consideration of the premises and mutual promises and-' covenants herein contained, and for Ten Dollars ($10.00) and other valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the crrY and OWNER agree as follows: 1. Except with respect to the performance of the CITY's obligations hereunder, the OWNER compromises and settles, releases and discharges the CITY, its officers, agents and employees from any and all liability for any claims for damages, on or to the PROPERTY described in Exhibit "A', referenced above ("PROPERTY") including those which may hereafter develop as well as those now apparent, and also releases and discharges the C1TY, its officers, agents and employees, and its successors, of and from all suits, actions, causes of action and claims for damages which the OWNER now or hereafter may or might have arising out of or because of the DISPUTE, and OWNER hereby acknowledges full satisfaction of all such liabilities and causes of action. 2. The CITY agrees to design and take full responsibility for the adequacy of the drainage solution for the property. The drainage solution generally is described as involving approximately 1350 linear feet of 66" RCP, 170' of 6 X 4 box culvert, the addition of a 48" RCP beneath Moore Road and thc construction of various inlets and manholes to accommodate the drainage coming south of Sandy Lake down Moore Road in the CITY of Coppell, Texas. The drainage solution is also known as the Moore Road Drainage Project DR 93-03, and is attached hereto and incorporated herein by reference as Exhibit "B" (hereinafter referred to as "the PROJEC"F'). 3. The CITY and OWNER agree that the cost of the PROJECT shall be paid as follows: a. The CITY pays $130,000.00 of total PROJECT cost. b. The OWNER pays balance of total PRO.IECT cost. 4. The CITY shall design, advertise, bid and award a contract for thc PROJECT after complying with all applicable state and local competitive bidding requirements. Prior to awarding the contract, the City Engineer shall notify the OWNER, in writing, of the total estimated PROJECT costs. Such notification shall include detailed information regarding thc contractor selected by the CITY and the bid for the PROJECT submitted by such contractor. If the total estimated PROJECT costs, as specified in the bid, exceed Two Hundred Eighty-Five Thousand and No/100 Dollars ($285,000.00), then CITY may, after consultation with the OWNER: a. Reject the bids and deliver written notice of such rejection to the OWNER within ten (10) business days of the rejection; or b. Readvertise the PROJECT for bids in accordance with state law and local competitive bidding requirements, and submit the bids received to the OWNER in accordance with the provisions of this paragraph; or C. Elect to terminate this Agreement, in which case this Agreement shall be null and void and of no force or effect whatsoever. At least seven (7) days prior to the award of the contract for the PROJECT, the OWNER shall pay its pro rata portion of the PRO,IECT cost (total estimated PROJECT cost minus $130,000.00) by deposit of said sum into the Moore Road Drainage Project DR 93-03 escrow fund established and maintained by the CITY. Contemporaneously with the award DRAINAGE AN~ ESCROW AGREEMEN'T - PAGE 2 of the contract for the PROJECTI', the CITY shall deposit the total sum of $130,000.00 into the Moore Road Drainage Pro. iect DR 93-03 escrow fund. 5. In the event the Moore Road Drainage Project DR 93-03 escrow fund is insufficient to complete the construction of the PROJECT in accordance with the final plans and specifications, the OWNER shall be liable for the balance of the cost of completion of the Lmprovements. Any changes requested by the OWNER or CITY to the original scope of the PROJECT which results in change orders, will be paid by the party requesting the change or additional work unless otherwise agreed by the parties. In the event the OWNER requests a change or has agreed to pay the cost or any portion of the cost, the OWNER shall deposit said sum into the Moore Road Drainage Project DR 93-03 escrow fund prior to the approval of the applicable change order to the contract. 6. The Moore Road Drainage Project DR 93-03 escrow fund shall be held by the CITY' in interest-bearing accounts, FDIC insured, with a maximum of $100,000.00 in each separate account, if such separation of accounts is feasible and can be accomplished in a manner consistent with FDIC deposit insurance regulations. The CITY shall use its best efforts to obtain the maximum lawful rate of interest from time to time available for funds of a similar nature held by the CITY. Any interest accrued on the escrow fund shall be added to the principal of such fund and disbursed in accordance with the terms hereof. The CITY agrees to disburse the amounts from the escrow fund, including any and all interest thereon, towards completion of the PROJECT. The CITY Engineer shall oversee the disbursement of the escrow fund and make periodic disbursements in accordance with the contract documents, provided however no such disbursement shall be made without prior approval of OWNER or her designee. In the event the escrow fund is insufficient to complete the construction in accordance with the final plans and specifications and awarded contract, the OWNER shall be liable for the costs of the completion of the improvements. In the event the fund is insufficient to complete the PROJECT, the CITY Engineer shall notify the OWNER, in writing, of the deficiency. The OWNER shall have thirty. (30) days upon receipt of the notice of deficiency, to pay to the CITY the required costs of completion" of the PROJECT. 7. After ail improvements are completed and are in substantial compliance with the final plans and specifications, and the CITY has approved and accepted the improvements, and after final payment to the contractor has been made, any remaining funds in the escrow fund shall be returned to the OWNER. 8. If any party hereto fails to contribute funds to the escrow fund as herein provided; or if any party fails to obtain, cause to be obtained or otherwise fails to obtain or provide fight-of-way and/or other easements if required for the PROJECT, or, ff any party otherwise falls to abide by his obligations hereunder; then, any other party hereto, shall, in addition to any other rights or remedies available to such other party at law or in equity, be entitled to terminate this agreement or to enforce specific performance of the defaulting DRAINAGE AND -ESCROW AGP. EEME.N'r . PAGE 3 party's obligations hereunder. CITY understands that OWNER is in the process of negotiating an agreement with a third party with respect to the payment of a portion of OWNER's share of the PROJECT costs and the limitation of OWNER's exposure under this Agreement. The obligation of OWNER to comply with the provisions of this Agreement (including the deposit of any portion of the PROJECT cost) is contingent upon OWNER entering into such third party agreement in form and substance satisfactory to OWNER. If OWNER has not entered into such third party agreement at the time that any obligation of OWNER arises hereunder, then OWNER may, at her option and in her sole discretion, terminate this Agreement, in which case this Agreement shall be null and void and of no effect whatsoever. 9. This agreement, along with attachments and other construction documents referred to herein, contain the entire understanding between and among the parties hereto relating to the improvements and the escrow funds, and shall be binding upon and inure to the benefit of such parties, and their respective successors, heirs, assigns and legal representatives. If any action in law or equity is brought to enforce or interpret the provisions of this agreement, the prevailing party, shall be entitled to reasonable attorne.vs' fees in addition to any other remedy to which the party may be entitled. 10. The validity of this agreement and any of its terms and provisions as well as the rights and duties of the parties shall be governed by the laws of the State of Texas; and venue for any action concerning this agreement shall be in Dallas County, Texas. 11. This agreement shall be amended only by mutual agreement of the parties, in wxiting, to be attached to and incorporated in this agreement. 12. In the event any one or more of the provisions contained in this agreement shall, for any reason, be held to be invalid, illegal, or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision, and the agreement shall be construed as if such invalid, illegal, or unenforceable provision had never' been contained in it. 13. Any notices required or permitted to be delivered hereunder shall be deemed received when sent by United States mail, postage prepaid, certified mail, return receipt requested, addressed to the CITY or OWNER, as the case may be, at the address set forth below the signature of the party. DRALNAGE A_ND ESCROW AGREEME.~,~F - PAGE 4 Executed the t 0 day of ,~ c~ ~ ~_ . 1993'c~~ CITY OF COPPELL (CITY) BARBARA AUSTIN (OWNER) Mayor Tom Morton I~a~ P. O. Box 478 P.O. Box 499 Coppell, Texas 75019 Coppell, Texas 75019 A'ITEST: Ci .N'-Secretary. ,~/a F///6- APPROVED AS TO FORM: Ci~ Attorney DRAINAGE AND ESCROW AGREEMF. N'r - PAGE 5 AGO047~A ~E2~ a tract o£ land situated in the S.N. Rla~t gu~"vay, ~baCract No. ~38 in the City o£ CoppaX1, DalLas County, Texas and being more particularly described as ~ollowa: B~.~ZNNIN~~a point for corner on ~he north ~ke Road {a ~0 nf~ rlgh~=of-~ay} and che eas~ l~ne o~ ~re Road {a var~lo w~dch r~gh~-o~-va~) as recorded ~n Vol~o 375~ o~ ~he Deed Records o~ Dallas Count7, Texas; ~ ~. 00es3'57' E., L220.58 fee~ along ~ho ~aid eae~ lane o~ Moore Road ~o a poin~ ~or ~CEN. 8902X'03w E., 480.59 fee~ leaving 2he said eas~ line o~ ~g~ad Co a po~n2 ~or co~ert THENCE 9. 00e06'03' ~., ~70.20 ~eec Co a point ~CE S. ~9~20'55' ~.~'48~.G4 ~ee~'co · po~ne ~or cement ~ S. 00053'57, W., 250.09 ~eeC ~0 a poin~ for co,er on ~he ea~d north l~ne o~ Sand7 Lake-Road~ ~8. 89020'SS' W., 6.X9 fee~ along 2he said north line Sandy ~ke Road ~o ~he Poin~ o~ Beginning and c~aining X0.888 · acre~ (474,20~ n~are geco) o~ land. 954 333~ ......... " --'v" ...... :' :.-'.::.:_-'::: "-: .... : .... : ~! _: ...... ::. ........ *_._. ::::-ii: NICHOLS, JACKS01~', KiRK & DILLARD, L.L.P. qoB[~ L.. D,~,,~O ,,, 500 North Akard VIA FACSIR~ .~ TRAN'SMISSION Mr. Ken Gr~-~ P. F.. City Engineer city of CoppeU P. O. B~x 478 Coppell, Texas 7~019 Re: Drain~e and Escrow A~eement Dear Ken: Enclosed for your review and comment is a proposed Drainage and Hserow Agrcemcnt bctween the City and Barbara Austin in cormec~ion with the property at More Road and Sandy Lake Road. Please call me with your commen~ after you have had an oppormn;v] to look it over. Thank you for your attention to this matter. If you have any questions about th/s documem, please call me. Very truly yours, 1N'ICHOLS, ]ACK, SON, KIRK & Dr~]LARD, L.L.P. c-.-"Pcter G. Smith' PG$/jd STATE OF FOR REVIEw COUNTY OF DALLAS § This agreement is made and entered into, by and bc~vecn the City of CoppcB, Texa.~, a home rule city and m,mlcipal corporation of Texas (hereinafter referred to as "the City'~ and Bazbara Aus~ (hereinafter referred to as "the Owner'). · WHEREA5~ Barbara Austin ("Owner") desires to develop real property at the intersection of Mo~e Ro~xl and Sandy Lake Road, Coppell, Dallas County, Texas and being more particularly described on EzhibR "A" attached hereto and incorporated herein by reference; · and cause of ceftin drainage p~'.~.n~.., existing on the property desto'bed in Exhibit and with respect to the rights and'~ ~fies of the parties in regard to ~aid dra/nage; and . WHEREAS, the City and .the O~ understand and agree that the chfims asserted between them are doubtful and m dlsput~/,and have settled such d/~l:mtes by comprorni.~e ~o avoid l/ti~afion and buy peace; · NOW, .'~RE~..ORFo in comidcrat/on ~),(~he pr~mi~e.~ and mutual promises aha covenants hereto contained, and for Ten Dollars (~I0~00) and other valuable consideration, the receipt and s,,01~c/ency of wh/ch is hereby acknd~/ged, the City and Owner agree as follows: ~, 1. The Owner compro '. es and settles, relea.~ and discharges the C/ty, its officers, agents and employees from an~ and all liabil/ty fo(~y ¢Islms for injuries and dnm~ses, includ/ag those which _m~.y hereafter develop as well ~f~hcee now .apparent, and aho releases and discharges the City, its officers, agents and e~?e,e~ and its succe~ors, and assJ_m~ of and from all suits, acfion~ causes of action and cla/m~ for injuries and damages which the Owner now or hereafter may or might have ar/s/rig out of or becauae of the draln=ge problems on the property described/n Exhi~oit 'A" attached hereto, and Owner hereby acknowledges full safidacfion of all such I/ab/l/tles and causes of act/on. 2. The City a~'ees to design the drslnn~e solution.for the property descn'bed in Exh/bit 'A'. The dra/nage solution generally/s descn~ as revolving approximately 13~0 linear feet of 66~ RCP, 166' of 6 X 4 box culvert, the add/flon of a 4~" RCP beneath Mo'~e I R tlMi^' '/*OR REVl O ¢L ? Road and the construction of various inlets ~)~mlmlcs to accommodate the drainage coming SOuth of Sandy Lake dow~ M~re Road m ~h~ ~j~ ~l[~p. pell, Texas. The drainage solution is also known as the MOle Road Drainage Project DRl~l-9~.ereinaP, er referred to tbe Project'). '-'t¥L p The City and Owner agree that the cost of the proieet shall Be paid as follow~: a. The City pays $130,000.00 of total project cost. b. The Owner pays balance of total project cost. 4. The City shall design, advertise, bid and award a contract for the project afler complyinE with all applicable state and local competitive blddln$ requlremenll. At least thlrt~, (30) day~ or as soon as practicable prior to the award of the comract, the City Eng/neer shall notify the Owner, in writing, of thc total estimated project costs. Within fi/teen (15) days thereafter, but no later than prior to the award of the contract for the project, the Owner sh~l! pay itl pro rata portion of the proje~ cost (total estimated project cost minuS $130,000.00) by deposit of said mm into the Mo~e Road Drainage Project DR 93-03 escrow fund established and maintained by the City. Contemporaneously with the award ~f the contract for the project, the City shall deposit the total sum of $130,000.00 into thc More Road Dralnagc Projec~ DR 93-03 escrow fund. $. In the event the Mo~e Road Drainage Project DR 93-4)3 escrow fund is basufficlent to complete the construction of the project in accordance with the final plans and specifications, the Owner shall be liable for the balanc~ of the cost of completion of the improvements. 6. The M~e Road Drainage Project DR 93-03 escrow ~und shall be held by the City in interest-bearing accounts, FDIC insured, with a max/mum of $100,000.00 in each separate account, ff such separation of accounll is feasible and can be atmomplished in a manner consistent w/th PI)lC deposit insurance regulations. The City shall use its best efforts to obtain the maximum lawful rate of interest from fi.me to lime available for funds of a similar nature held by the City. Any interest accrued on the escrow fund shall be added to the princ/pal of such fund and disbursed in accordance with the terms hereof. The City agrees to disburse the amounts from the escrow fund, including any and all interest thereon, towards completion of the project. The City I~ngincer shall oversee the disbursement ot~ the escrow fund and make periodic disbursements in accordance with the contract documents. In the evem the escrow fund is in.m~ffldent to complete the consm~cllon in accordance with th~ final pInns and spec/l~ications and awarded contract, the Owner shall be liable ior the costs of the completion of the hnprovements. In the event the fund is inp~l~c/ent to complete the project, tl~,.City Engineer shall notify the Owner, in writing, of the defic/ency. The Owner shall have ~)_ days upon receipt of the notice of deficiency to pay ~o the CRy the requh'ed costs of c~ of the project. 7. After all improveme, nts are compleg~llald arc in substantial compliance with the final plans and specifications, and the C~l~oved and accepted the improvemenm, and after I~i~! payment to the contractor ~;aVj[~'~i~made, any funds in the escrow fund sh~ll be returned to the Owner. - '~' 8. I~ any party hereto fails to contribute funds to the escrow fund as herein provided; orid'anY party fails to obtain, cause to be obtained or otherwise fails to obtain or provide right-of-way and/or other easements if required for the project, or, if any party othenvise fails to abide by his obligations hereunder; then, any other parly hereto, sb~ll be entitled to enforce specific performance of the defaalting party's obliBafion~ hereunder. 9. ~ agreement, aiong with attachments and other construction d.ocuments refer~ed to her,.m, contain the entire understanding between and among the par~es hereto. relat/ng to the unprovemen? and the escrow funds, and shall be bi~.ding upon and enure~' to the ben.efit of such parues, and their respective successors, he~rs, asstgns and legal ~ representauves. If any action in law or equity is brought to enforce or interpret the provisions of this agreement, the prevailing party shall be entitled to ressonable attorneys' fees iu addition to any other remedy to which the party rosy be entitled. 10. The validity of this agreement and any of its terms and provisions ns well as the rights and duties of the parties shall be governed by the laws of the State of Texas; and venue for any action concern/~ this agreement shall be in Dallas County, Texas. 11. This agreement shall be amended by mutual agreement of the parties, in wrifir~ to be a~tached to and incorporated in this agreement. ~2. In the event any one or more of the provisions co,~tsi~-d in this agreement shall, for any reason, be held to be invalid, illegal, or unenforceable in any respect' such invalidity, /llegality, or unenforcesb/llty shall not sffe~ any other provision, and the agreement sh~I! be construed ~s if such invalid, illegal, or unenforceable provision had never been cov~slned in it. 13. Any notices required or permitted to be delivered hereunder shall be deemed received when sent by United States mail, postage prepaid, certified mail, remm receipt requested, addressed ~o the City or Owner, as the case may be, at the address set forth opposite the signature of the party. 14. This agreement may be terminated by either party by pro~ai-g tSi~y days written notice to the other party. Executed the '~j.qf ,1993 CITY OF COPPELL (C~TY) ~ BARBARA AUSTIN (OWNER) P. O. Box 478 ~/~) P.O. Box 499 Cop~e~, ve~ 750~ ~2~.oopen, Texas 7~0~ 0 By: Ba~.,Austin Mayor Tom Morton ATTEST: City Secretary DRAINAOEAb~ESC~OWAO~I/NT-PAGE4 AGC. d~'NIA ~NK bN~ · ',,, ~-,~-'-~ '.~ 04637 ?;7 ~-~1'~ ss. C~EC~No. ~ I FIRST AMERICAN TITLE INSURANCE CO. ~o~ ,.o=s.. TX OF TEXAS CORPO~TE DRIVE ESCROW ACCOUNT ~;-n'"~ 14C~ CORPORATE DR. =~vm~, TX 75038-2426 731:c57 I .- ~ i CITY OF COPPEL[.. TEX~.S {m'OOh~3?mm" ml~A~qOO222m: mm'O?hOO2h?qqmm' ~,: ,~_.,.: ~._~ D:'aina? & Escrov Agreenmem:t S11%,15!.5( SELLEk : gar~a:'a Sue :%usr:n i / BUYER : Standard Paczfic of Texas, ~ichael Y. brad}-, }'resident ......... ~ * Iladdoo ~o ~lO ......................... ~ LI~