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HomeMy WebLinkAboutCC 1988-09-20 Agendas I I I I I I I I I I I I II I I I I CITY OF NORTH RICHLAND HILLS CITY COUNCIL AGENDA SEPTEMBER 20, 1988 For the Meeting conducted at the North Richland Hills City Hall Council Chambers, 7301 Northeast Loop 820, at 6:30 p.m. The below listed items are placed on the Agenda for discussion and/or action. NUMBER ITEM ACTION TAKEN 1. Ca 11 to Order 2. Roll Call * 3. Adjourn to Executive Session a. Personne 1 b. Briefing on Pending Litigation c. Review of Progress on Land Acquisition 4. PU 88-50 Approval of Contract for Acquisition of Land from Richmond Bay Development - Resolution No. 88-33 5. GN 88-79 Approval of Ordinance Changing the Effective Date of Ordinance No. 1543 from October 1, 1988 to December 1, 1988 - Ordinance No. 1566 6. GN 88-80 Approval of Management Contract with Recreational Services Limited - Resolution No. 88-35 7. GN 88-81 Approval of Construction Supervision Contract with Recreat"ional Services Limited - Resolution No. 88-36 I I I I I I I I I I I I I I I I I I Page 2 NUMBER ITEM ACTION TAKEN 8. Adjournment *Closed due to subject matter as provided by the Open Meetings Law. If any action is contemplated, it will be taken in open session. The above Agenda is posted as an emergency meeting due to lack of a quorum for a meeting called for September 19, 1988. Posted 9/19/88 - 3:00 p.m. ~" I I I I I I ~I ,tl ~'I ;¡I 'I I CITY OF NORTH RICHLAND HILLS Department: Postponed 9/12/88 Economi c Deve 1 opment Council Meeting Date. 9/20/88 Approval of Contract for AcqUlsltlon at Land From . Richmond Bay Development - Resolution No. 88-33 Agenda Number: PU 88-50 SUbject: Attached is the proposed contract providing for Richmond Bay to convey the property it owns to the City and to assign certain leases, all in connection with the construction of the proposed golf course. Recommendation: Approve Resolution No. 88-33 authorizing the Mayor to execute subject contract. Finance Review Acct. Number Sufficient Funds Available Source of Funds: Bonds (G~l v.) Operatin d t Other . -R fl ~. ad Signature I - " City Manager CITY COUNCIL ACTION ITEM . Finance Director Page 1 of 1 I I I I I I I- I 'I I I I I I I I I I I RESOLUTION NO. 88-33 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF NORTH RICHLAND HILLS, TEXAS, that: 1. The Mayor be, and is hereby, authorized to execute the attached contract with Richmond Bay Development, Inc. as the act and deed of the City. PASSED AND APPROVED this 19th day of September, 1988. Mayor ATTEST: City Secretary APPROVED AS TO FORM AND lEGALITY: Attorney for the City . I I I I I I I I I I I I I I I I I I ~ !---.- ~ , ~ 5:2- CERTAIN PROVISIONS OF SECTION~) OF TillS AGREEMENT ARE SUBJECT TO ARBITRATION UNDER THE TEXAS GENERAL ARBITRATION ACT AGREEMENT THIS AGREEMENT (the "Agreement") is made and entered by and between RICHMOND BAY DEVELOP.MENT, INC., a Texas corporation (hereinafter called "Seller") and THE CITY OF NORTH RICHLAND IDLLS, a Texas municipal corporation (hereinafter called "Buyer"). RECITALS: A. Seller is the owner and developer of the Meadowlakeso subdivision (the "Development") with its office at 6533 Meadowlakes Drive, Fort Worth, Texas 76118, which is platted and zoned so that it might include an eighteen (18) hole golf course and amenities associated therewith. B. Seller desires to sell and Buyer desires to acquire and develop the golf course portion of the subdivision, and operate a daily-fee, public golf course thereon. NOW THEREFORE, in consideration of the recitals hereinabove described, the mutual benefits to inure to the parties hereto and TEN AND NO/I00 DOLLARS ($10.00), and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and confessed, the parties hereto do hereby agree as follows: ARTICLE I SALE OF THE PROPERTY ~" 1.1. Sale and Delivery of the Property. A t the Closing (hereinafter defined), the Seller shall sell, assign, transfer and deliver unto the Buyer the fee simple title to the real estate (the "Real Property") described as Tracts 1, 2 and 3 on Exhibit "A", which is attached hereto and made a part hereof, and Seller's leasehold interests in and to the real estate (the "Leasehold Property") described as Tracts 7, 9 and lIon Exhibit "A" hereto, together with all rights-of-way and easements appurtenant to such fee property and leasehold interests. The Real Property and Leasehold Property shall be sometimes hereinafter collectively referred to as the "Property". Notwithstanding anything else contained herein to the contrary, (a) Seller's conveyance of the Property shall not include Seller's interest in and to any oil, gas or other minerals, it being expressly agreed that Seller's title in and to such minerals shall be reserved in the conveyance documents to be executed by Seller at the Closing, and (b) Seller's conveyance of that portion of the Leasehold Property which is currently under lease ·from Buyer and described on Exhibit ~ hereto may, at Seller's option, be accomplished by termmatlOn of lease agreement. Despite Seller's reservation of title in and to any oil, gas, or other minerals, Seller hereby acknowledges and agrees that such reservation shall not entitle Seller to extract such oil, gas or other minerals in such a manner as to damage or otherwise injure the subsurface support for the Golf Course (hereinafter defined) nor conduct surface excavation on the Property. The foregoing prohibition shall only be effective as against Seller and any party acquiring title after the date hereof by or through Seller. The Special Warranty Deeè shall contain provisions effectuating the aforesaid limitations and reservations. 1.2. Consideration for Conveyance. The consideration for Seller's conveyance . of the Property as aforesaid shall be the sum of TEN AND NO/IOO DOLLARS ($10.00) paid in cash at Closing, together wi th Buyer's Covenan ts (herein so called and as hereinafter set forth below and as set forth in Paragraph 3.3 hereof) to: . (a) construct a golf course (the "Golf Course") on the Property subject to plans and specifications (the "Plansn) which have been submitted to and approved by Seller, it being agreed by Buyer at the time of Buyer's execution of this Agreement that the Plans will contemplate a Golf Course consisting of eighteen (18) holes, a permanent subsurface watering system for all tees, fairways and greens and ancillary facilities, and that, except to the extent agreed by Seller to the contrary, the Golf Course shall be consistent with the Routing Plan described in Section 1.4 AGREE~fENT - Pae-e 1 I I I I I I I I I I I I I I I I I I ~ !---.- ~ f~ II hereof. In addition, but subject to Section 1.4 hereof, it will contain a club house, a storage facility, a driving range, practice putting green and hard-surf aced parking area. It is further agreed tha t Seller's righ t to object to the Plans is expressly limited to those items called for in the Plans which affect, either directly or indirectly, Seller in its capacity as an adjoining property owner, which capacity shall expressly include Seller's ability to market and sell property out of its Development as it sees fit. (b) commence construction of the Golf Course in accordance with the Plans on or before February 1, 1989 and to then substantially complete the construction in accordance therewith on or before May 1, 1990, and to have the Golf Course fully complete and operational on or before October 1, 1990; provided, however, such required commencement date of February 1, 1989, as well as the aforestated completion and opera tional dates, shall be extended by such number of days on which construction was prevented due to acts of God, bad weather or other events beyond Buyer's control, including Buyer's inability to obtain flood permits from the Corp of Engineers despite it's best effort to do so. Buyer agrees to give Seller prompt written notice within a reasonable period of time after any such act's occurrence, such notice including the number of days duration of such event. Notwithstanding the foregoing the extensions granted hereunder shall not exceed a total of sixty (60) days for flood permits nor shall the total extensions hereunder exceed a period of one hundred eighty (180) days. (c) own, maintain and operate a non-private Golf Course and related facilities, in accordance with the provisions of this Agreement. Buyer's obligation under this subsection (c) shall extend until the earlier of (i) the expiration of five (5) years from the date the golf course opens for public play or (ii) the date all of the Lots are sOld-out by Seller. For purposes of this Agreement, the term "Lots" shall be defined as any property owned by Seller in the Development which has been designated by Seller for use as single-family home sites. All of the Buyer's Covenants shall expressly survive the Closing. The Special Warranty Deed (herein so called) shall contain a deed restriction acceptable to Seller restricting the use of the Property to use as a non-private Golf Course, and the Assignment of Leasehold Interests (herein so called) shall likewise be subject to the acceptance and agreement of Buyer to utilize the Property covered thereby only for the purposes of operating a non-private Golf Course (herein referred to as the "Restrictions"). The Special Warranty Deed and Assignment of Leasehold Interests shall each further contain a reverter in favor of Seller, worded in a manner acceptable to Seller, and being effectuated by a breach in any of Buyer's Covenants. As to that portion of the Leasehold Property, the fee interest of which is owned by Buyer, Buyer shall enter in to restrictive covenants for the benefit of Seller and containing identical provisions as the Restrictions as well as a reverter identical to that described in the Special Warranty Deed and Assignment of Leasehold Interests. Buyer's Covenants shall further be the subject of a Performance Deed of Trust (herein so called) covering and encumbering the Property and the State Savings Tract (hereinafter defined). 1.3. Seller's Payment to Buyer. In addition to conveying the Property to Buyer, Seller shall have a conditional obligatior:. to pay to Buyer the sum of EIGHT-NINE THOUSAND AND NO/100 DOLLARS ($89,000.0:) in accordance with the fallowing: (a) in the event the Buyer acquires title to the real estate described in Exhibit ''Bit attached hereto 'and made a part hereof for all purposes by this reference (hereinafter the "State Savings Tract") for a purchase price in the amount of, or In excess of $89,000.00, Seller will deliver to Buyer, at the latter of Closing hereunder or the closing of the transaction acquiring the State Savings Tract, the sum of $89,000.00; (b) in the event Buyer acquires the State Savings Tract for a purchase price of less than $89,000.00, Seller shall reimburse to Buyer immediately after the latter of the Closing hereunder or the closing of the State Savings Tract acquisition by Buyer an amount equal to the purchase price paid by Buyer in said acquisition of the State Savings Tract. Seller shall pay Buyer the remainder of such $89,000.00 sum upon the opening of the Golf Course to the public; AGREEy!E\1T - Pa2'e 2 I I t! .' I I I I I I I I I I I I I I I I ~ !--.- ~ (c) in the event Buyer acquires the State Savings Tract without having to expend any monetary amounts, Seller shall pay to Buyer the sum of $89,000.00 at the time the Golf Course is opened to the public; and (d) in the event Buyer either (i) does not acquire the State Savings Tract on or before the commencement. of construction of the Golf Course, or (ii) acquires the State Savings Tract but does not incorporate same into the Golf Course, then, in either such events, Seller shall not be required to fund the $89,000.00 sum described in this paragraph to Buyer. (e) in the event Buyer acquires the State Savings Tract and Seller makes any payment contemplated by this paragraph 1.3 and thereafter the Golf Course is not timely completed and opened as contemplated by this Agreement, Buyer shall reimburse to Seller all sums paid pursuant to this paragraph 1.3. Should any of the events described in items (a), (b) or (c) immediately above occur, then the State Savings Tract shall be considered a part of the "Property" for all reasons pursuant to this Contract. Without limiting the foregoing, the State Savings Tract shall be sUbject· to the Restrictions and the Performance Deed of Trust as described in Section 1.2 hereof. Seller acknowledges that in Buyer's acquisition of the State Savings Tract, Buyer may be required to encumber such State Savings Tract with a reverter or performance deed of trust in favor of the current owner of the State Savings Tract. With respect to any such reverter or performance deed of trust, Buyer agrees that (i) no occurrence prior to the expiration of five (5) years would constitute a default pursuant to such reverter or performance deed of trust, (ii) all descriptions of the Golf Course in any such documents shall be consistent with those utilized in this Agreement, and (ili) there shall be no obligation that the Golf Course be constructed or owned by Buyer (rather than another entity) and no obligation that the Golf Course be a "municipal" course. Seller agrees to subordinate its Performance Deed of Trust as to the State Savings Tract to the aforesaid reverter and/or performance deed of trust. 1.4. Routing Plan. The parties further agree that there has been prepared a preliminary Routing Plan, a copy of which is attached hereto as Exhibit "C" and made a part hereof for all purposes. Buyer will prepare a detailed Routing Plan in consultation with Seller and the Golf Course shall be developed consistent with such Routing Plan. While Seller shall be provided with a copy of the Routing Plan, Seller's consent as to such Routing Plan shall only be required with respect to the routing over that portion of the Property indicated on the cross-hatched portion of the diagram attached hereto as Exhibit "C". 1.5. Cœts Borne by Buyer. All costs associated with the construction and opera tion of the Golf Course shall be borne entirely by Buyer. It is specifically agreed that all utility connections and expense to the Golf Course premises shall be at Buyer's sole expense. Water may be obtained from the lake in the subdivision, but only in ·accordance with the regulations set by the appropriate governing body. Buyer will obtain, at its sole cost, risk and expense, building permits from the appropriate authority or authorities for the construction of the proposed improvements. 1.6. Maximization of Lots. Buyer agrees to reasonably cooperate with Seller in any request for adjustments in the precise boundary descriptions of the Property so as to allow Seller to maximize the number of Lots available in the Development. Should any such adjustment occur prior to the aosing, then the description of the Property, as so adjusted, shall be attached hereto œ Exhibit "A" in replacement of the current Exhibit "A". Notwithstanding the foregoing, under no circumstances shall . Buyer be required to adjust the description of the Property whatsoever if Buyer reasonably considers such adjustment as having a material negative impact on the Golf Course. ARTICLE ß CLOSING 2.1. Time of Closing. The closing (the "Closing") of the conveyance of the Real Property and the Leasehold Property shall be on October lr~' 1988. Closing shall' be at ten o'clock (10:00) a.m. at the office of Buyer's attorney or at any other location mutually agreeable to Seller and Buyer. " !O1- AGREEMENT - Pa2'e 3 I I " I I I I I I I I II I I I I I I I // !---.- ~ 2.2. Seller's Closing Requirements. A t the Closing, Seller shall deliver or cause to be delivered to Buyer, at Sellerrs sole cost and expense, each of the following i terns: (a) A Special Warranty Deed duly executed and acknowledged by Seller, and in form for recording, conveying good, indefeasible fee simple title in the Real Property to Buyer, subject only to matters of record in Tarrant County Texas and the Restrictions; (b) The Assignment of Leasehold Interests covering the Lease- hold Property (other than that described on Exhibit "B" hereto), which Assignment of Leasehold Interests (i) shall entitle Buyer to utilize the Leasehold Property for purposes of a non-private golf course as set forth in the Restrictions and the underlying lease agreements, and (ii) shall termina te upon Seller's again becoming owner of the Leasehold Property or any part thereof due to either the reverter in the ~pecial Warranty Deed or foreclosure of the lien of the Performance Deed of Trust. The Assignment of Leasehold Interests shall require Buyer to assume payment of the rentals of any lease agreements covered thereby, to pay all taxes with respect to the Leasehold Property, and to fully comply with all covenants, obligations and duties of Seller under the lease agreements covered by the Assignment of Leasehold Interests; (c) Such evidence or documents as may be reasonably required by the Buyer evidencing the status and capacity of Seller and the authority of the person or persons who are executing the various documents on behalf of the Seller in connection with the sale of the Real Property and the Assignment of the Leasehold Interests; and (d) An assignment to Buyer of an agreement (the "Loop 820 Agreement") by and between Seller and the State Department of Highways and Public Transportation of the State of Texas, the City of North Richland Hills, Tarrant County, Texas, and the City of Haltom City, Tarrant County, Texas, permitting ingress and egress from that portion of the Property located south of Interstate Loop 820 and that portion of the Property located North of Interstate Loop 820 through certain ten foot by ten foot (10' x 10') box culverts crossing under Interstate Loop 820. (e) An executed termination of Lease Agreement terminating Sellerrs leasehold interest in and to that portion of the Leasehold Property, the fee interest of which is owned by Buyer. 2.3. Buyer's Closing Requirements. A t the Closing, Buyer shall deliver to Seller the following items: (a) The cash portion of the Purchase Price required by and in the manner specified in Paragraph 1.2 hereof; (b) A Performance Deed of Trust which shall cover the Property (including, without limitation, those parcels of real property described in subsection 2.2(e) hereinabove), the State Savings Tract (if applicable and if so, subject to the provisions of paragraph 1.3 of this Agreement) and any and all personal property and fixtures .ocated or to be located on the Property including, but not limited to, all 5lch personal property, equipment and fixtures constituting the Golf Course (such as the then existing water and drainage systems and piping) and all equipment used in conjunction with the operation or maintenance of the Golf Course. In this regard the Performance Deed of Trust shall contain ther~in an appropriate security agreement with appropriate granting of a 3€curity interest in such personal property and fixtures. The Performance Deed of Trust shall be expressly subordinate in lien position only to such lien(s) as may secure financing for the direct construction costs for the Golf Course. Seller shall have an opportunity to review and approve any and all documentation relative to any such prior lien(s). Once Seller has approved such lien documentation and the applicable construction contract, Seller's approval shall not be required as to each draw request pursuant to such lien documentation and construction contract. The Performance Deed of Trust shall only be effective as to a failure by Buyer AGREEMENT - Pae-e 4 I ~ I I to timely satisfy one or more of Buyer's Covenants on or before the earlier of (i) the expiration of five (5) years from the date the golf course opens for public play or (ii) the date all of the Lots are sold out by Seller. Upon the completion and opening of the Golf Course Seller's right to enforce its lien under the Performance Deed of Trust shall be subject to the provisions of Article V herein. (c) Appropriate UCC-I's; (d) The Right of First Refusal Agreement (hereinafter defined); I I (e) Such evidence or documents as may reasonably required by Seller evidencing the status and capacity of Buyer and the authority of the person or persons who are executing the various documents on behalf of the Buyer in connection with the acquisition of the Real Property and Leasehold Interests and the encumbrance of the Prop~rty by the lien described hereinabove. I I (f) Buyer shall deliver to Seller an easement as to that portion of the Property identified on Exhibit "D" attached hereto and made a part hereof for all purposes (the "Sign Property") for the purposes of ownership and maintenance of the sign presently located on the Sign Property or such new sign as may be erected on the Sign Property, together wi th an easement over so much of the Property as is necessary to guaranty access, ingress and egress to the Sign Property for the purposes herein enunciated (all rights to be granted pursuant to the foregoing sentence being defined herein as the "Existing Sign Easement"). The Existing Sign Easement shall last until such time as the Lots are completely sold out (i.e. until Seller and any other builder constructing houses in the subdivision have sold all of their interest in and to all of the lots located within the Meadowlakes subdi vision). I I I Furthermore, Buyer shall also deliver to Seller all additional easements as Seller, in its sole reasonable discretion, deems necessary in conjunction with the placement of a sign on that portion of tracts 1 and/or 9 described on Exhibit "D" hereto, said additional easement also lasting until the Lots are completely sold out. I In conjunction with the above-mentioned easements, it is hereby agreed and acknowledged that Seller, if it so desires, may, but shall not be obliga ted, to advertise the Golf Course on ei ther or both of the signs, as it sees fit, either singularly or in conjunction with any advertisement of the Meadowlakes subdivision, and that both signs contemplated hereby shall be kept in accordance with all applicable sign codes at all times. I I In the event Buyer's development of the Golf Course and the apurtenances thereto (e.g., rock waterfalls) conflicts with the location of the aforesaid signs and/or easements, Seller agrees that it will relocate its signs and easement rights to alternative locations on the Property which are acceptable to Seller in its reasonable discretion. (g) Seller will deliver to Buyer a Negative Pledge (hereinafter . defined) of any and all payment and perf ormance bonds as more particularly described in Section 3.9 of this Agreement. 2.4. Adjustments and Prorations. A t Closing, the following items shall be adjusted or prnr~ ted bPtween Seller and Buyer: I I I . (a) Ad valorem taxes for the Real Property and the Leasehold .Property for the current calendar year shall be prorated to date of Closing t and the Seller shall pay to the Buyer in cash at Closing t the Seller's prorata portion of such taxes. The Seller's prorata portion of such taxes shall be based upon taxes actually assessed for the current calendar year. If, for any reason, ad valorem taxes for the current calendar year have not been assessed on the Real Property and the Leasehold Property, such proration shall be estimated based upon ad valorem taxes for the immediately preceding calendar year, and adjusted when exact amounts are available. I I !---.- ~Ç.~EE'tE~T - Pave 5 I I \, I I I I I I I I I I I I I I I I ~ !---.- ~ (b) In the event any adjustment pursuant to this Paragraph 2.4 is, subsequent to Closing, found to be erroneous, then either party hereto who is entitled to additional monies shall invoice the other party for such additional amounts as may be owing, and such amount shall be paid within ten (10) days from receipt of the invoice. 2.5. Closing Costs. Seller shall be responsible for all attorneys' fees incurred bv Seller and Buyer shall be responsible for all attorneys' fees incurred by Buyer. Other cÍosing costs shall be alloca ~ed to the party normally responsible for such costs as is customary for real estate transactions in the Tarrant County, Texas area. Notwith- standing the foregoing, nothing herein shall be construed as requiring Buyer to incur any liability or responsibility for any title premiums which arise out of the issuance of any Mortgagees Title Policy which names Seller as the insured party, nor shall Seller be responsible for ti tIe premiums on any Owner's Title Policy issued for benefit of Buyer. 2.6. Pœsession. Possession of the Property shall be delivered to Buyer by Seller at the Closing, subject only to such rights of others 'as have been expressly disclosed herein or as are apparent from an examination of the Real Property Records of Tarrant County, Texas. ARTICLE m REPRESENTATIONS AND WARRANTIES 3.1. REPRESENTATIONS AND WARRANTIES OF SELLER. Seller represents and warrants to Buyer, as of the date of this Agreement, as follows: (a) The Real Property. The Seller has (or will have by Closing) good and indefeasible title to the Real Property free and clear of all encumbrances, and in fee simple, subject only to title exceptions appearing of record and zoning and other governmental regulations of appropria te governing bodies. (b) The Leasehold Property. The Seller has (or will have by Closing) good and indefeasible title to those certain leases covering the Leasehold Property, free and clear of all encumbrances, subject to title exceptions appearing of record and zoning and other governmental regula tions of appropriate governing bodies. (c) Agreement Authorized. The Seller has full right, power and legal capacity to enter into this Agreement and to sell, assign and deliver to Buyer the Property herein described. (d) Organiza tion and Qualification. The Seller is duly organized, validly existing and in good standing. (e) Taxes. The Seller has paid or will pay by Closing, the 1988 and all prior ad valorem and other taxes· and assessments against the Property herein described. (f) Inchoate Claims. The Seller has no notice or knowledge of any claim or controversy, relating either directly or indirectly, which might result in a suit, action, proceeding or other formal procedure against the Property, nor knowledge of any circumstances which might give rise to such claim or controversy. (g) Fences. Seller shall continue to utilize deed restrictions in its Development requ;ring that any lence constructed on any Lot in the Development which abuts ti:e Property shall conform to the fence requirements found on Exhibit "E" attached hereto and incorporated herein for all purposes. This covenant of Seller shall survive Closing for a period expiring contemporaneously with the expiration of Buyer's covenants in the following Section 3.2. 3.2. Representations, Warranties and Covenants of Buyer. Buyer represents, warran ts and covenan ts to Seller as follows: AGREEMENT - Pae:e 6 I r=:r I I (a) Agreement Authorized. Buyer has full right, power and legal capacity to enter into this Agreement and to purchase the herein described Property. (b) Public Golf Course. Buyer will construct in substani tal compliance with the time periods described in Section 1.2(b) hereof, maintain and operate a public Golf Course on the Property. Buyer's obligation hereunder shall be enforceable by the various remedies specified herein as well as by any other remedy allowable at law or equity, including Seller's right to require specific performance of Buyer. Buyer's obligations with respect to the maintenance and operation of the Golf Course shall be in accordance with those standards set forth on Exhibit "F" attached hereto and incorporated herein for all purposes. (c) Buyer's Covenants. The Buyer will at all times co.mply with Buyer's Covenants . I I I I (d) Fences. Buyer will not fence all or any part of the perimeter of the Real Property or the Leasehold Property or any part of the Property which adjoins and abuts the Development, including, but not limited to any fairway or other part of the Golf Course lying in proximity to the Development without having obtained the prior written approval thereof by Seller; except, Buyer may construct a chain link fence along that part of the Real Property or Leasehold Property adjacent to Interstate Highway 820 as required pursuant to the Loop 820 Agreement, and Buyer may construct a wooden fence along that part of the Real Property and Leasehold Property adjacent to any exterior street or road other than Interstate 820, but only if such wooden fence is approved as to design and structure by Seller, which approval shall not be unreasonably wi thheld. Further, Seller agrees to file of record in the Real Property Records of Tarrant County, Texas. such restrictions as are necessary to preven t any fencing of real property bordering on the Golf Course unless such fencing is approved by the then owner or ground lessee of the Property constituting the Golf Course. (e) No Insurance. Buyer shall not require Seller to maintain any insurance coverage whatsoever on the Property or the Golf Course including, but not limited to, any insurance which may be required by any previous contractual requirements between Buyer and Seller. I I I I I (f) Trees. It is recognized and understood that as a part of Buyer's development of the Golf Course, Buyer shall have to bulldoze or otherwise remove various trees and shrubs from the Property. Buyer covenants and agrees to give Seller five (5) days prior written notice of its removal or destruction of any stand of trees, or area containing trees in excess of two inches (2") in diameter from the Property and Seller shall, at Seller's option, be given five (5) days from the receipt of such notice to itself remove such tree(s) and use same as Seller may desire. A ny removal of trees hereunder shall be done at Seller's sole expense and Buyer shall have no right to compensation by Seller due to Seller's executing its right to remove any trees from the Property. I I I It is expressly agreed and understood that each of the foregoing representatias, warranties and covenants shall survive Closing and not be merged into the docume:Jts of Closing, such survival to exist until the earlier of (i) the expiration of five (5) years . after the Golf Course is open for public use, or (ii) Seller's complete sellout of all Lots in its Development. By the term "survival", it is meant that the foregoing representations, warranties and covenants ~hall not be actionable unless written notice is provided Bu,yer of a failure to satisfy a'J.Y of such items prior to the expiration of the stated period for survival. Once such written notice is provided, such right shall remain actionable despite any expiration of a stated survival period. I I 3.3. Buyer's Covenants. The representations, warranties, agreements and covenants of Buyer contained anywhere within this Agreement (herein referred to "Buyer's Covenants") shall be true and correct on the date of Closing, and shall be otherwise timely complied with by Buyer, shall survive the Closing as stated above and shall be additional covenants of Buyer set forth in the Performance Deed of Trust. The representations, warranties, agreements and covenants of Buyer contained in this I AGREEMENT - Pa2'e 7 !---.- I I I I I I I I I I I I I I I I I I ~. !--- Agreement have been made by Buyer as an inducement to Seller to enter into this Agreement and shall be at Closing restated and reaffirmed by being set forth in the Performance Deed of Trust and Special Warranty Deed, as aforesaid. 3.4. Financing Contingency. Buyer shall have through and until October ~ 1988 within which to obtain appropriate bond financing so as to finance, in whole or in part, Buyer's various construction and other obligations pursuant to the Buyer's Covenants. Buyer or Buyer's prospective lender may, prior to October 11, 1988, inspect, examine and survey the Property, and make soil tests, borings, percolation tests and such other tests as Buyer or Buyer's lender deems necessary to obtain information regarding the surface, subsurface and topographic condition of the Property. The en try by Buyer, Buyer's lender or ei ther such party's agen ts upon the Property and the activi tiy of Buyer, Buyer's lender and its agen«êts thereon, as herein provided, shall be at the sole risk and expense of Buyer. Buyer shall hold Seller harmless from and against any claims, expenses, damages or fees Seller may suffer or incur (including, without limitation, attorney's fees and court costs) due directly or indirectly to the exercise by Buyer of the right and privilege herein granted of being present upon the Property. Buyer further agrees to return the Property to its original condition upon the completion of Buyer's activities thereon. In the event Buyer shall notify Seller on or before October ~/~1988, that Buyer has been unable to obtain suitable bond financing as described above and thus satisfy this Financing Contingency (so called herein), then, and in such event, this Agreement shall, !2§Q facto, terminate, and the parties hereto shall have no further obligations one to the other hereunder, except based upon the indemnification provisions contained in this Section 3.4 and those in Section 8.1. 3.5. Title Examination. Buyer shall also have through and until October 5, 1988 to examine title to the Property and to give Seller notice of any objections which render Seller's title less than good and indefeasible. Seller shall have until the Closing in which to attempt to satisfy any valid objections specified in such notice by Buyer; provided, however, Seller shall be under no obligation whatsoever to expend funds to effectuate such cure. Upon the earlier of (i) the occurrence of a scheduled date for Closing, or (ii) notice from Seller that it has satisfied all title objections which it intends to satisfy, then, Buyer shall either (i) waive satisfaction of any objection not theretofore cured and consummate the purchase described herein, or (ii) terminate this Agreement, whereupon neither party hereto shall owe any further obligations one to the other hereunder, except for the indemnifications described in Sections 3.4 and 8.1. 3.6. As-Is Nature of Sale - Flood Plain. Buyer hereby warrants and acknowledges that Buyer has (i) conducted all of the physical, engineering and topographical reviews and inspections of the Property and examined and investigated to the full satisfaction of Buyer the physical nature and condition of the Property, and (ii) shall have fully reviewed the status and nature of ti tle to the Property. As of the da te of this A greemen t, nei ther Seller nor any agent, attorney, em ployee or representative of the Seller has made any representation whatsoever regarding the physical nature or condition of the Property or the capabilities thereof except as expressly set forth in this Agreement; and the Buyer, in performing under or closing this Agreement, does not and will not rely upon any statement and/or information to whomever made or given, directly or indirectly, verbally or in writing, by any individual, firm or corporation and whether previously or hereinafter given. Notwithstanding any other provision of this Agreement to the contrary, Buyer agrees that it shall acquire the Property "as is". Seller makes no representations or warranties as to the physical nature and condition of the Property or the suitability therecr for any purpose for which the Buyer may desire to use it. Buyer specifically acknowleqes that Seller has fully disclosed to Buyer tha t a portion of the Property is in the flood plain . and is subject to and does, in fact, flood. Buyer further acknowledges (i) that the flood plain problems referred' to herein have impacted upon and have been taken into consideration in determining the considerat.icn ~o be paid for the Property, and (ii) that the flood plain problen¡s have been investigated to the extent Buyer deems desirable. 3.7. Drainage. Seller and Buyer shall cooperate one with the other to insure tha t the runoff and drainage by and between the Property and the adjoining property owned by Seller will cause minimal adverse effects to either. Specifically, each party agrees to meet minimum city requirements with respect to any required drainage improvements on the Property or Seller's adjoining property. . 3.8. Road to be Built. Seller shall, at its cost, complete the construction. paving and curbing of that certain road to the extent crosshatched on Exhibit "G" AGREEMENT - Pag:e 8 ~ frJ1b I I I I I I I I I I I I I I I I I I // !---.- ~ hereof on or before sixty (60) days prior to the completion of the Golf Course. It is understood and agreed that the attached Exhibit "G" is only for the purpose of identifying the subject road and not for the purpose of designating the location of any Lots. 3.9. Bonds. It is anticipated that Buyer will be obtaining multiple payment and/or performance bonds (the "Bonds") relative to its proposed development of the Golf Course. Buyer hereby represents and warrants that it will not grant, create, nor will it allow to be granted or 'created, any rights, whatsoever, in any third party in or to the Bond(s), whether by way of an assignment, pledge, naming an additional obligee or any other method. Buyer's agreement pursuant to this Section 3.9 shall be reaffirmed in a Negative Pledge (so called herein) to be executed by Buyer in favor of Seller at the Closing. . 3.10 Rights and Remedies. All rights and remedies of Seller with respect to any default by Buyer under Buyer's Covenants, under this Agreement or under any document or instrument executed in conjunction herewith or the transaction contemplated hereby shall be cumulative such that any and all such rights and remedies, including, but not limited to, Seller's rights under the Performance Deed of Trust and reverter in the Special Warranty Deed, shall not be deemed exclusive but shall be deemed available to Seller (along with any other rights or remedies at law or in equity available to Seller, including, without limitation, specific performance) upon the occurrence of a default by Buyer under Buyer's Covenants, under this Agreement or under any such documents or instruments. 3.11. Name of the Golf Course. Buyer shall operate the golf course under wha tever name it deems fit and Seller shall be free to use such name in its advertising and marketing of the Development without compensation to the Buyer for such use. ARTICLE IV CONDITIONS PRECEDENT TO SELLER'S OBUGA TIONS 4.1. Conditions Precedent. contingent upon the following: (a) Seller being able to make suitable arrangements, in Seller's sole discretion, so as to grant, prior to the opening of the Golf Course, such easements, no more than ten feet (10') in width ("Golf Cart Easements") that are necessary to allow the construction thereon, on land owned by Seller, of golf cart paths from each golf hole to the next succeeding golf hole of the Golf Course, and each Golf Cart Easement shall (i) be located in a manner acceptable to Seller consistent with the Plans, (ii) allow a reasonably direct access from one hole to the next succeeding hole, (iii) be granted, pursuant to documentation acceptable to Seller and Buyer with all such costs pertaining to paving and constructing such golf cart paths within such Golf Cart Easements to be the .. responsibili ty of the Buyer. It is expressly acknowledged that as a part of this condition precedent, Seller shall attempt to obtain the consent of all parties who can or may prohibit such direct access from hole to hole by their reason of owning property or property rights (e.g., easements) that give them the right to prevent such direct access. Seller's obligations hereunder are expressly (b) Seller obtaining, on or prior to Closing, approval fr-.Jm the owners of the Leasehold Property, specifically including, but not limited to, the approval of the City of Haltom City as to tracts 7 and 9, as described on Exhibi t "A", to the assignmen t of Seller's interest in the applicable Lease Agreements by and between Seller and s~ch ':,.,'tners . (c) Seller obtaining on or before the scheduled date of Closing, a limited use permit and/or easement (the "Railroad Easement") from St. Louis and Southwestern Railroad Company over, across and upon its right-oi-way for the purpose of ingress to, egress from and access between that portion of the Property located south of such right-of-way and that portion of the Property located north of such right-of-way. (d) Seller obtaining on or before the scheduled date of Closing, a release of any and all liens against all or any portion of the Property, each of such releases to be in recordable form. Å.GREE:\1E~T - P3Q'e 9 I ~ I I 4.2. Failure of Condition. In the event any or all of the matters described hereinabove in Paragraph 4.1 hereof have not been satisfied and/or completed within the time specified, Seller shall be entitled to terminate this Agreement by written notice to Buyer unless the parties mutually agree to extend the Closing to al~ow additional time to satisfy and/or complete the matters contained herein. I I ARTICLE V SPECIFIED DEFAULT PROVISIONS I 5.1. Notice and Opportunity to Cure. In the event Buyer defaults on any provision of this Agreement, Seller agrees that prior to Seller's seeking any remedy available to Seller under this Agreement that Seller shall first give Buyer written notice of such default and Buyer shall have sixty (60) days from the date of such notice to cure any default, provided, however, that Buyer shall only be entitled to two (2) such notices and cure periods in any twelve (12) month period and upon any default therafter Seller shall be entitled to immediately enforce any rights and remedies available to Seller. 5.2. Post-Opening Use of Performance Deed of Trust. Seller shall not be allowed to foreclose its lien created under the Performance Deed of Trust based upon a default occurring after the Golf Course is completed and opened for public play unless it first complies with the following procedures: (a) Seller must first give notice to Buyer of the alleged def aul t pursuant to Section 5.1 above, if Buyer is so entitled. (b) If after the expiration of any applicable cure period Seller still believes tha t the sta ted def aul t con tines to exist, Buyer and Seller agree to submit the issue of whether or not such default exists to binding arbitration for resolution in accordance with the rules of the American Arbitration Association unless Buyer and Seller agrees otherwise. Any arbitration hereunder shall be settled by a panel of three (3) arbi tra tors, one of whom will be chosen by the Seller and one by the Buyer with the third being chosen by the two arbi tra tors selected by the parties hereto. All three (3) arbitrators so chosen must be current members in good standing of either the North Texas Professional Golfers Association or the Professional Greens Keepers Association. I I I I I (c) In the event the arbitrators find for Seller then Seller shall be entitled to proceed with the foreclosure of the Performance Deed of Trust lien. Any finding for Buyer will prohibit Seller from foreclosing due to the arbitrated default only and in no event shall a finding for Buyer on a specific default be construed as a general waiver or release of Seller's right to enforce its lien crea ted by the Performance Deed of Trust in the event of subsequent def aul ts. It is expressly understood and agreed that the provisions of this Section 5.2 are only applicable to the utilization of the Performance Deed of Trust based on a default occurring after the completion and opening of the Golf Course for public play and that the provisions of this Section 5.2 shall be wholly· inapplicable to (i) alleged defaults occurring prior to the completion and opening of the Golf Course to public play, and (ü) Seller's pursuit of any other remedies other than the Performance Deed of Trust. - I I I ARTICLE VI I RIGHT OF FIRST REFUSAL I 6.1. Terms of Right of First Refusal. Seller shall have a Right of First Refusal . to acquire all or any portion of the Property which Buyer shall desire to convey to a third party. Buyer shall notify Seller of its desire to convey to a third party, the t~rm" and conditions, and Seller shall have sixty (60) days within Wllich to elect to buy on those same. terms and conditions. In the event Seller does not elect to buy during that period, Buyer shall be free to sell to such third party on those identical terms and conditions. Any conveyance by Buyer shall contain covenants running with the land to require the purchaser to continue the operation and maintenance of the public Golf Course and satisfy the other Buyer's Covenants. These rights as against third parties shall continue until the earlier of (i) the expiration of five (5) years after the Golf Course is completed and opened for public play, or (ii) Seller sells out all its Lots in the Development. I I AGREE:\tE~T - Pae:e 10 !---.- I ~ I I ARTICLE vn CONSTRUCTION TRAFFIC I 7.1. Traffic Routing. Buyer agrees that all access to the Property during the period of construction and development shall be accessed by way of Interstate Highway 820 via Meadowlakes Drive or such other route as Seller may consent in writing. In no event shall construction traffic be routed through any portions of i'vleadowlakes Drive other than those between the' Property and Interstate Highway 820 and in no event shall such traffic be routed through the adjoining Meadowlakes residential area. I I ARTICLE vm REAL ESTATE COMMISSION I 8.1. Dual Indemnity. The Seller and the Buyer severally covenant and agree that ü any claim for any compensation by reason of the transaction contemplated hereby is made by any broker, agent or third party, any such claim shall be paid by the party whose actions or alleged commitments form the basis thereof, and the party whose actions or alleged commitments form the basis of such claim shall indemnify and hold harmless the other therefrom. I ARTICLE IX REMEDIES OF DEFAULT I 9.1. Allowable Termination. In the event the Seller or the Buyer shall have terminated this Agreement pursuant to a right to do so contained herein, this Agreement shall thereupon be of no further force or effect. 9.2. Buyer's Default. Should the Closing occur but Buyer thereafter defaults in any of Buyer's covenants or otherwise hereunder, Seller shall, subjec t to the provisions of Article V hereof, be entitled to enforce specific performance of this Agreement, pursue an action for damages and/or pursue any other available remedies described herein, in any of the documents of Closing or as are available at law or at equity. I I 9.3. Seller's Default. In the event all conditions of this Agreement are satisfied or waived, and in the event all covenants and agreements to be performed prior to Closing are fully performed, and in the event performance of this Agreement is tendered by the Buyer and the sale is not consummated through def aul t on the part of the Seller on or prior to the Closing Da te, then the Buyer shall be en ti tled to enforce specific performance of this Agreement as Buyer's sole remedy. I I ARTICLE X MISCELLANEOUS I 10.1. All notices, demands, or other communications of any type (herein collectively referred to as "Notices") given by the Seller to the Buyer or by the Buyer to the Seller, whether required by this Agreement or in any way related to the transaction contracted for herein, shall be void and of no effect unless given in accordance with the provisions of this Article X. All notices shall be in wr=ng and delivered to the person to whom the notice is directed, either in person or b~ United States Mail, as a Registered or Certified item, Return Receipt Requested. l"otices delivered by mail . shall be effective, the earlier of when actually received or three (3) days fOllowing the date when deposited in a United States Post Office or other depository under the care or custody of the United States Postal Service, enclosed in a wrapper with proper postage affixed, addressed, if to the Seller as follows: I I Richmond Bay Development, Inc. 6533 Meadowlakes Drive Fort Worth, Texas 76118 Attention: l\lr. Bob Frank I I AGREEMENT - Pa2"e 11 !...- I ~ I I With Copy To: Richmond Bay Development, Inc. c/o Rostland Texas, Inc. 14755 Preston Road, Suite 400 Dallas, Texas 75240 A ttention: Mr. Rodney A. Scales I 'Vi th Copy To: Kevin A. Sullivan, Esq. c/o Winstead, McGuire, Sechrest & Minick 5400 Renaissance Tower 1201 Elm Street Dallas, Texas 75270 I I and addressed, if to the Buyer as follows: I Ci ty of North Richland Hills 7301 N .E. Loop 820 P. O. Box 18609 North Richland Hills, Texas 76180 A ttn: Rex McIntyre Either party hereto may change the address for notice specified above by giving the other party ten (10) days advance written notice of such change of address. Provided further, any written notice shall be deemed effective upon actual receipt provided that the party seeking to utilize a different form of notice must establish the time of the actual receipt. 10.2. For purposes of determining the time for performance of various obligations under this Agreement, the effective date of this Agreement shall be the date this Agreement is executed by both Seller and Buyer and as written on the signa ture page hereof. 10.3. Any representation, warranty, covenant or agreement herein by either party to this Agreement whether to be performed before or after the time of Closing shall not be deemed to be merged into or waived by the instruments of Closing, but shall expressly survive Closing and shall be binding upon the party obliga ted thereby. 10.4. The obligations of the parties hereto shall be performable in Tarrant County, Texas. This Agreement shall be construed and interpreted in accordance with the laws of the State of Texas. Where required for proper interpretation, words in the singular shall include the plural; the masculine gender shall include the neuter and the feminine, and vice versa. The terms "heirs, executors, administrators and assigns" shall include "successors, legal representatives and assigns". I I I I I I 10.5. This Agreement may not be modified or amended, except by an agreement in writing signed by the Seller and the Buyer. The parties may waive any of the conditions contained herein or any of the obligations of the other party hereunder, but any such waiver shall be effective only if in writing and signed by the party waiving such condi tions or obliga tions. . I 10.6. Each person executing this Agreement warrants and represents that he is fully authorized to do so. 10.7. Time is of the essence of this Agreement. 10.8. In the event it becomes necessary for either party hereto to file a suit to enforce this Agreement or any provisions contained herein, the party prevailing in such . action shall be entitled to recover, in addition to all other remedies or damages, reasonable attorneys' fees incurred in such suit. I I 10.9. The descriptive headings of the several Articles, Sections and Paragraphs contained in this Agreement are inserted for convenience only and shall not control or affect the meaning or construction of any of the provisions hereof. I 10.10. This Agreement, including the Exhibits hereto and the items to be furnished in accordance herewith, constitutes the entire Agreement among the parties pertaining to the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings of the parties in connection therewith. No representation, warranty, covenant, agreement or condition not expressed in this I AGREEl\fENT - Pasre 12 I I I I II I I I I I I I I I I I I I ./ ~ ~ Agreement shall be binding upon the parties hereto or shall affect or be effective to interpret, change or restrict the provisions of this Agreement. 10.11. Numerous copies of this Agreement have been executed by the parties hereto. Each such executed copy shall have the full force and effect of an original executed instrument. 10.12. This Agreement may not be assigned by Buyer absent the obtaining of the prior written consent of Sellêr. EXECUTED on this the _ day of September, 1988, by Seller. RICHMOND BAY DEVELOPMENT, INC., a Texas corporation By: Rodney A. Scales, President EXECUTED on this the _ day of September, 1988, by Buyer. THE CITY OF NORTH RICHLAND }fiLLS, a Texas municipal corporation By: Name: Its: 287:D070188A.OO 091888rag2 AG_REEMENT - Pa~e 13 I I I I I I I I I I I I I I I I I I Exhibi t "A" - Exhibit "B" - Exhibit "C" - Exhibi t "D" - Exhibi t "E" - Exhibi t "F" - Exhibi t "G" - 287:D070188A.OO ~ EXHIBIT LIST Property Sta te Savings Tract Preliminary Routing Plan Sign Easement Loca tions Fence Requirements Maintenance Specifications Road Location I I I I I I I I I I I I I I I I I I ~ EXHIBIT "A" Property Description ~' J ~ & ~"AC" " ... t'.... ....,. L... aID . .... ..., ., f, oCr ""'ACT . bACT , I . - --- . ....o~ .. .... - ..... 1 ~ I I I -: EXHIBIT "A" Property Description - . . t I FIELD NOTES TRACT 1 I BEING a tract of land situated in the Heirs of S. Sawyer Survey, Abstract No. 1425, City of Haltom City, Tarrant County. Texas, and being more particularly described as fol1ows: . 1IIÞ ~ - .. .".. . a. .. .'. ~ . .... . .... . .. _. 1'.. _ ;. I BEGINNING at an iron rod at the ~ortheast corner of said Heirs of S. Sawyer Survey, Abstract No. 1425; said iron rod being a common corner to said Heirs of S. Sawyer Survey, Abstract No. 1425, the W. A. Trimble Survey, Abstract No. 1520, the T. Akers Survey, Abstract No. 19, and the E.M.D. King Survey, Abstract No. 895¡ " THENCE S 00° 39' 24- W, a10ng the west 1ine of said W. A., Trimble Survey, Abstract No. 1520, and the east 1ine of said Heirs of S. Sawyer Survey, Abstract No. 1425, a distance of 598.13 feet to an iron rod for corner on the northwesterly right-of-way line of the St. louis and Southwestern Railroad (a 100-foot right-of-way); said iron rod being the beginning of a non-tangent curve to the right having a central angle of 28~ 35' 38", a radius of 1602.95 feet, a tangent length of 408.50 feet. and a chord bearing and distance of S 58° 23' '22" W. 791.69 feet; THENCE s outhwes ter1y a 10ng sa i d curve to the ri ght and sa i d northwes terly right-of-~ay line of the said St. louis and Southwestern Railroad, an arc distance of 799.96 feet to an iron rod at the end of said curve; [I I I I I THENCE S 7Zc 41' 11- W, continuing a10ng said northw~sterly riQht-of-way line of the said St. louis and Southwestern ~ailroad, a distance of 419.73 feet to an iron rod for corner; I I THENCE N 17° IS' 49" W. leaving said northwesterly right-of-way line of the said St. louis and Southwestern Railroad, a distance of 9.98 feet to an iron rod at the beginning of a curve to the left having ð central angle of 13~ ]7' 18", a radius of 758.89 feet and a tangent length of 88.40 feet; THENCE northwesterly along said curve to the left, an arc dista~ce of 176.01 feet to an iron rod at the b~ginning of a reverse curve to the right having a central angle of 28e 21' 45", a radius of 495.74 feet and a tangent length of 125.27 feet; THENCE northwesterly along said curve to the right. an arc distance of 245.40 feet to an iron rod at the end of said curve; I THENCE N 02° 14' 22" W, a distance of 4]8.06 feet to an iron rod at th~ . beginning of a curve to the left having a central ang1e of 28c 09' 16", a radius of 490.00 feet and a tangent length of 122.87 feet; THENCE northwesterly along said curve to the left, an arc distance of 240.78 feet to an iron rod at the end of said curve; I THENCE N 30° 23' 38" W, a distance of 103.44 feet to an iron rod 'for corner, sõid iron rod also being on the north line of said Heirs of S. Saw,er Survey, Abstract No. 1425, and also the south line of said E.M.D. King Survey. ~bstract No. 895, said point also being in the south line of a tract of land conveyed to the City of Haltom City from W. I. Browning, as recorded in ': Volume No. 4046, Page No. ]50, Deed Records. Tarrant County, Texas; THENCE S b9< 58' OJ" !:. ð 1 or.g soJf' north 1i ne of the He i rs of S. Sawver Survey. Abstract No. 14i'5. and sa i d sout.h 1 i n~ of the E. M. Z). K i"Q Survey, Abstract No. 895. and along said south 1ine of the tract conveyed to the City of Haltom City, from W.I. 8rowning, a distance of 13€O.38 feet to the POINT OF BEGINNING and CONTAIN!NG 26.7118 acres of 1and. I I I I Page 2 of 8 I ~ I I EXHIBIT "A" !roperty Description . .. I FIELD NOTES . TRACT 2 . I BEING a tract of 1and situated in the Heirs of S. Sawyer Survey, Abstract No. 1425, and the W. A. Trimble Survey, Abstract No. 1520, City of Ha1tom City and. City of North Rich1and Hi11s, Tarrant County, Texas. and being more particularly described as follows;. _ .. BEGINNING at an fron rod at the intersection of the south lin! of the Texas Electric Service Corr.pany right-of-way, as recorded in Vo1ume 2868, Page 449, Deed Records, Tarrant County, Texas, and: the westerly right-of-way line of Meadow lakes Drive (BO-foot right-of-way)¡ THENCE S 51° 17' 02· W, a distance of 135.00 feet to an iron' rod at the beginning f a curve to the right having a central angle of 14° 20' 08M, a ~adius of ]50.00 feet, a tangent length of 18.86 feeti THENCE southwe~terly along said curve to the right an arc d;stance of 37.53 feet, to an iron rod at the end of said curve¡ THENCE S 6Se 37'10" W. a' distance of 84.84 feet to an iron rod at the beginning of a curve to the left having a central angle of 14' 20' 08", a radius of 250.00 feet, a tangent length of 31.4~ feet; THENCE southwester1y along said curve to the left an arc ~ista~ce of 62.55 feet to ar. iron rod at the end of said curve; I rl I I T~ENCE S 51~ 171 02" W. a distance of 64.45 feet to an ;rQn rod at the beginning 0' a curve to the left having a centra1 angle oç 95~ 3£' ¿8", a radius of 110.00 feet, a tangent length of 121.33 fe!t¡ THENCE southerly along said curve to the left an arc distance of la3.5~ feet to an iron rod at the end of said curve; I I THEN:r 5 44~ 19' 26" E, a distance of 169.61 fept to an iron rod for corn~r; THENCE S 45< 40' 34· W, a distance of 105.00 feet to an iron ro~ for corner; I THENCE S 50· 41' 16" W, a distance of 422.10 feet to an iron ro~ for corner; T~ENCE S 62° 14' 40· W, a distance of 180.00 feet to an iron rod for corner¡ I THENCE S 18C 35' 53" E, a distance of 96.17 feet to an iron rod for cornpr¡ THENcr S 57" 2t' 46· E, a distance of 259.02 feet to an iron rod for corner; I I THENCE N 75~ 31' 14· E, a distance of 104.83 feet to an iron rod for corner; THENCE S 89< 37' 56" E, a distance of 361.53 feet to an iron rod for corner; THENCE S 6~~ 47' 15" E, a distance of 161.Bl feet to an iron rod Çor corner; THENCE N 73< 06' 46· E, a distance of 186.27 feet to an iron rod for corner; THENCE ~ 85< 36' 38" E, a distance of 231.88 feet to an iron rod ~r corner; I I THENCE S 85· 13' 49" E, a disti\,..:~ ~f ~48.17 feet to an iron rod for, ~o"ner¡ I ~ Trl[NCE S 32'09' 11" ~, a di s tanc~ of 91. 95 feet to an iron rrd for cc.rner¡ THENCE N 48< 54' 31" W, a distance of 36.67 feet to an angle point; Tl-jn~CE N 780,12' 36" 1.', a distance of 75.46 feet to an ang1e point¡ THENCE N 93° 45' 23" V, a distðnce of 45.88 feet to an anç1e point; THENCE S 88: 22' 08" W, a distance of 336.70 feet to an ang1e point; THENCE H 85° 00' 38" W, a distance of 60.25 feet to an angle pOint¡ ~-!~CE S 1C~ 3J' :7" k. ã ~i!tance cf ~t.O~ fee: tc an a~?1e point; Page 3 of 8 I ~ I I EXHIBIT "A" -. -Property Description_--"-'" -' . ..... o. ~_ .:, . - .. -. I I THE~CE S 47~ 47' 43- W, a distance of 27.28 feet to an angle point; . THENCE S 150 26' 56" W, a distance of29.36 feet to an ang1e point;h THENCE S 040 521 33- £, ~. distance ~f 83.93 feet to an angle po;nt¡' THENCE S 40~ 49' 49" E. a distance of 81.40 feet to an angle po;nt¡ THENCE S 44e OS' Sl~ E. a distance of 50.11 feet to an angle point¡ THENCE S OO~ 43' 40" E, a distance of S5.SS feet to an iron rod for corner; said point being the northeast corner of Lot 46. Block 4 of Fossi1 Creek Trails First Filing. an addition to the City of North Richland Hills, Texas, as recorded ~n V~lume NO. 388-87, Pages 46-47, Map Records, Tarrant County, Texas; I I I I I THENCE S 890 16' 21" W, along the north line of said Fossil Creek Trails First Filing, a distance of 536.40 feet to an fron rod at the beginning of a curve to the right having a central angle of 27~ 50' 19", a radius of 343.34 ·feet, and a tangent length of 85.09 feet; " THENCE northwes terly along sa i d curve to the ri ght and sa; d north 1 i ne of Fossil Creek Trails First Filing, an arc distance of 166.82 feet to an iron rod for corner; said point being the northwest corner of lot 53, Block 4 of said Fossil Creek Trails First Filing; . ThENCE S 27c OS' 42" W, along the westerly line of said Fossil Cree~ Trails First Filing. a distance of 130.00 feet to an iron rod at the beginning of a non-tangent curve to the left having a central angle of 2460 39' (6", a radius of 60.00 feet. a tangent length of 91.23 feet, and a chord bearing and distance of 53' 46' 49h W, 100.26 feet; I I TPENCE southwesterly along said curve to the left. an arc distance of 258.30 feet to ð point at the end of said curve. THENCE S 270 06' 42" W, on a line 50.00 feet westerly and parallel to said ~esterly line of Fossil Creek Trails First Filing. a distance of 211.00 feet to a point for corner; I THENCE S 89° 16' 21" ~t a distance of 872.28 feet to an iron rod for corner; said iron rod being on the east line of Diamond Oaks North t..ddition, an addition t~ the City of North Richland Hills, Texas, as recorded ir. Volume 388-23. Page 25, Deed Records, Tarrant County, Texas; T~ENCE N 1ge 37' 44" E. a10ng the east line of said Diamond Oaks North Addition, a distance of 60.70 feet to an iron rod for an angle point; THENCE N 22~ 31' 4~" E, continuing along the east line of said Diamond Oaks North Addition, a distance of 107.00 feet to an iron rod for an angle point; THENCE N 20~ 04' 44" E. continuing along the east line of said Diamond Oaks North Addition, a distance of 93.90 feet to an iron rod for an angle point; said iron rod being the northeast corner of said Diamond Oaks ~orth Addition; THENCE N OO~ 46' ]6" \1:, a distance of 60.;,)0 f~ei to a point for corner; I I I I I THENCE S 890 13' 44" W, parallel to and 60.00 feet north of the north line of said Diamond Oaks North Addition, a distance of 648.40 feet to a point for corner; THENCE N 250 IS' 36" W. a distance of 420.19 feet to an angle point; .. THENCE N 050 21' 49R E. a distance of 460.01 feet to an angle point; THENCE N 23~ OS' 09" E, a distance of 54.74 feet to an iron rod for corner on the souther1y 1ine of the said Texas Electric Service Company right-of-way; THrN~r ~ ]10 58' 07" r, along the southerly 1ine of the said T~.as Electric 5-er·....ice Ctr:ïar..v rign~-of-w!y, ~ distance of 2076.92 feet to the POINT OF BE~~~~:N~ ðnd ~J~T~lhl~G 5'.2;] ðcres of 1and. Pa2e 4 of 8 I ~ I . .- ... - - EXHIBIT "A" Property Description . . I i- FIELD NOTES TRACT 3 . . ~. . '. .:. ..... . . I BEING a tract of land situated in the W. A. Trimble Survey, Abstract No. 1520, City of NQrth Richland Hil1s. Tarrant County, Texas, and being more particularl.y. .~e~c.~ibe~. a.~ . !o) lows: 1."__ I .. '. COMMENCING at an iron rod at the northwest corner of lot 41, Block 3, Meadow . lakes first Filing as recorded, in Volume 388-124, Page Z7, Deed Records, Tarrant County, Texas; said iron rod also being the beginning of a non-tangent curve to the right hailing a central angle of 17° 36' 14", a radius of 1027.27 feet, a tangent length of 159.07 feet, and a chord bearing and ~istance of S 66c 46' 51" W. 314.39 feet; THENCE southwes terly a long sa id curve to the ri ght and a long ttie south right-of-way line of Meadow lakes Drive (an BO-foot right-of-way), an arc distance of 315.63 feet to a point at the end of said curve¡ I I , THENCE S 32° 47',23" E, a distance of 141.35 feet to the POINT OF BEGINNING; THENCE S 32° 47' 23" E, a distance of 78.05 feet to an fron rod at the beginning of a nòn-tangent curve to the left having a central angle of 420 53' 26", a radius of 245.00 feet, and a tangent length of 96.24 feet, and a chord bearing and distance of S 32~ 21' 37" W. 179.15 feet; THENCE southeasterly along said curve to the left, an arc distance of 183.40 feet to a~ iron rod at the end of said curve; THENCE S 10~ 54' 53" W, a distance' of 107.65 feet to an iron rod for corner; THENCE S 56ft 17' 00" W, a distance of 59.99 feet to an iron rod for corner; THENCE N 85· -13' 49" W, a distance of 701.09 feet to an iron rod for corner; THENCE N 4(' 19' 26" W, a distance of 803.05 feet to an iron rod for corner; said iron rod also being the beginning of a non-tangent curve to the right having a central angle of 14° 20' 08", a radius of 200.00 feet, a tangent length of 25.15 feet, and a chord bearing and distance of N 58° 27' 06" E, 49.91 feet; T~ENCE northeasterly along said curve to the right, an arc distance of 50.04 feet to an iron rod at the end of said curve¡ THENCE N 65° 37' 10" E, a distance of 84.84 feet to an iron rod at the be-ginning of a CUl"'ve to the left having a central angle of 14° 20' 08-, a radius of 200.00 feet, and a tangent of 25.15 feet¡ THENCE northeaster1y along såid curve to the 1eft, an arc distance of 50.04 feet to an iron red at the end of said curve¡ THENCE S 38° 42' ~!" E, a distance of 126.35 feet to an iron rod; said iron rod ~eing the begi~ning of a tangent curve to the left having a central angle of 24e 10' 38", a I"'!dius of 433.85 feet, and a tangent length of 92.92 feet; THE~CE southeaster1y along said curve to the left. an arc distance of 183.07 feet to an iron ro~ at the end of said curve; I I I I I I I I I THENCE S 62· 53' 3~· E, a distance ~f 25.42 f~et to an iron rod for an angle point; I THENCE S 62° (7' :3" £, a di s ta nce of 129. 74 feet to an i ran rod a t the beginning of a t~ngE'nt curve to the left having a central angle of 43~ 49' 27", a raè~ ..s, of 1162.27 feet, and a tangent length of 467.52 feet; - THENCE easterly a'=~g said curve to the left, an arc distance of 888.99 feet to an iron rod at ~~~ POINT OF BEGINNING and CO~TA1NING 8.572 acres of land. I Page 5 of 8 I ~ I .. ¡-..- . .- ~ . . I EXHIBIT "A" Property Descriptio~ .. - -- - -- --- - - - -.- I , . I I I I F!ELC tiOTES TRACT 7 I BEING a tract of land situated in the T. Akers Survey, Abstract No. 19, and the "'. A. Trimble Survey, Abstract No. 1520, City of North Ricnland Hills, Tarrant County, Texas, and being more particularly described as follows: SEG:NNrNG at an iron rod on the south right-of-way line of Interstate loop 820 (a 350-foot rig~t-of-way). and the north~~ster1y right-of-way line of th! St. louis and Southwesterr. Railroad (a IOO-foot riºht-of-~ay;, said point a1~o being the northeast corner of a 7.51 acre tract conve:,ed tc W. Brow" Custor.-. Builders, Inc.. a~ recorded in Volume No. 7C26, Pag~ 1028, Deed J<ecords, Ta rrant Cour.tj, T,exðs; . .~ I I THENCE S 30t 45' 0111 W, along sa i d north....'es terl y ri ght-of -way 1 i fie of the said St. Louis and Southw~stern Railroad, a distan~e of 830.43 feet to the bpginning of ð curve to the riçnt having a c~"tral angle of 13= 20' 32". a radius of 1602.95 feet and a tangent lengt~ of 1ê7.48 feet; THENCE southwesterly along said curve to the right and northw~sterly r;cht-of-~ðV line of the said St. louis and Southw~stern Railroad, an arc .dištance of 373.27 feet to an iron rod at the end of said curve; said point being on the c~m~on lir.e between the said T. Akers Survey, Abstract ~o. 19, and the Heirs of S. Sawyer Survey, Abstract 1425; THENCE N OO~ 391 24" E, along said comr.lon line between said T. Akers Survey and said Heirs of S. Sawyer Survey, a distance of 953.60 feet to an iron rod for corner on said south right-of-way tine of Interstate loop 820, passing the point known as the cormlon corner of said Heirs of S. Sawyer Survey. Abstract No. 1425, the W. A. Trimble Survey. Abstract No. 1520, the said T. ·Akers Survey, A~stract No. 19, and the E.M.D. King Survey, Abstract No. 895, at 599.13 feet; f~ENCE N 83° 28' 57" E along sa;d south right-of-way l;ne of Interstate loop gZO. a distance of 289.76 feet to an iron rod at the beginning of a curve to the right having a c.entral angle of OSC 331 OS"~ '! ~~d;U5 of 364J.~2 feet. and a tðngen~ le~9th of 176.63; THENCE northeasterly along said curve to the right and said south right-of-way line of Interstate Loop 820, an arc distance of 352.99 feet to the POINT OF BEGINNING and CONiAINING 7.5519 acres of land. .. I I I I I I I I I I I I I I I I I I I I I I I I I ~ ...... - ~---------. - ~ 1 . " -.. - ...- . - EXHIBIT "A" Property Description- FIELD NOTES TRACT 9 FEING a tract of land situated in Tarrant County, T~xas, out of the E. McD. King Survey. Abstract No. 895 and being more particularly described as fellows: CO~MENCING at the interspction of the west line of the St. louis & 5c~t~west~rr. Railroad (a IOO-foot right-of-way) with the south line of :r.t~rstñte Loot 820 (a 350-foot riQht-of-way); said point ~eing the northeast corner of a cprtain 7.51 acre tract conv~ved to ~. Brown CustOJT; Builders, :ncorp~ratPd. as recorded in Volume 7062, ?åge 1028, Deed Records of Tarrant COt;nty. Te)·.as; THENCE in a w~sterlj direction along the said south line and with a circular curve hav;"9 a central angle of 05° 33' 05", a radius of 3643.22 feet, a të~g~~t length of !75.63 feet, an arc distance of 352.99 feet to the end of said curvE'; TH~N:E S 83' 28' 57" w, along said south line of loop 820, a distance of . 289.i6 f~et to an iron rod for the POI~T OF BEGIN~!NG of the herein-described tract; said poi~t being the northwest corner of the aforementioned 7.S1-acre tract an~ alsc b~in~ the northeast cor~er of Tract ]1, that certain tract of l~r.d con'Jeyed to the City cf Haltom City, Texas from ¡.¡. I. Browning as recorded in \'olu:!1e 4046, Page 150. Deed Records of Tarrant County, Texas; T~ENCE S ~O~ 39' 24" W, with the east line of the aforementioned Tract II, a distance of 35:.47 feet to an iron rod for corner; THENCE N B9? sa' 03" W. with the south line of the said Tract 11. a distance." of ~4é4.0~ feet to an iron rod for an angle point. , THENCE N 5S~ ]3' 03" W. a distance of 281.33 feet to an iron rod for corner in the south line of the aforementioned Interstate loop 820; said pOint being the ~orthwest corner of said Tract 11; THENCE N 83~ 2B' 57" E, along said south line of loop 820, and wit~ ~b~ r)crth 1 ; tie of the a fa r e r.~ r. t ion e d T r act 11. ad; s t a nee of 1 71 0 . 2 7 feet to ",he PO 1 NT OF 6EGIN~:~G and CONTAINING 9.6186 acres of land. ,- . -0- . -- I I ~ ., I I I I I I I I I I I I I I I I ~ EXHIBIT "A" Property Description FIELD NOTES TRACT 11 BEiNG a tract of land situated in the Telitha Akers Survey, A~stract No. 19, City 'of North Richland Hills, Tarrant County, Texas, and being more particularly described as follows: BEG!NNING at a concrete monu~ent at the intersection of the north ~ight-of-way line of I.H. 820 (a 350-foot right-of-way) and the westerly line of the St. louis and South~estern Railroad (a IOO-foot right-of-way); THENCE S 890 03' 57" ~, along the north right-of-way line of said I.H. 820, a distanc.e of 214.£5 feet to an ;ron rod at the beginning of a curve to the left having a çe~tral ðngle of 05° 35' 00", a radius of 3993.22- feet. a~d a tangent leng~h of 19~.7~ feet; T~E~CE westerly along said curve, an arc distance of 389.12 feet to an iron rod at the end of said curve; THENCE S 83< 28' 57" ~. along the north right-of-way line of said I.H. 820, a distance of 250.12 feet to an iron rod for corner; THENCE ~ OO~ 34' 05" W, leavi~g thp north right-of-way line of said I.H. 820, ! distar.ce of 737.76 feet to an iro~ rod for corner; THE~CE N 89' 27' oe" E. a distance of 1302.00 feet to an iron rod and the said westerly right-of-way of the St. louis and Southwestern Railroad; THENCE S 30'47' 48" W. along the westerly right-of-way line of said St. louis a~d Southwestern Railroad, a distance of 864.97 feet to the POINT OF eEG1N~ING and CONT~IN:NG 18.5533 acres of land. ,- '* --- --.---- Page 8 of 8 I I I I I I I I I I I I I I I I I I / ~ ~ ..' t.\~. EXHIBIT "B" STATE SAVINGS TRACT I I I I I I I I I I I I I I I I I I I . =--- ~ . ... . EXHIBIT "c" ,.. . - -. I . I' Q ... II( c ." .:; .r- . :;. Pi stW; 1" · mr CITY IF NORTH RICHLAND KW TtIAS fUTURE MUNICIPAL GOLF COURSE SIT£ .,.- (;IT'· LI'IIT LlP\' I I I I I I I I I I I I I I I I I I ~ , . EXHIBIT "D" Þtt' ~ ~ & ""ACT . ... ,.... o S(c:ø.~ LOG""~ ,..t (J ~ "'" Leet atO . .... .... ., "".CY' . "'.ecT , I I I I I I I I I I I I I I I I I I !---.- ~ · " . oJ' J.. '0' ..' ; A t/~_t; ~~ .. ~.Lt;1~ ~ · :~' · ,- -,: .. - ~ '. - . ;~ Jl ~~ ~. , " -I - .. 1 I I I l' 411 I" \þ/. , . ~ , . . ,\,' , . . . .. I it! , ". I :- '~ -==t. . - L. 1121 W.I; (1íf) ~ -- ~ :1t' ~ .- r r . '0. . . 0 I "'0 .. .!. .~. ..: ~ .. : .~ :~~. " . . ,~ . . -,- I ' . . .. . '. " , . G\ I --., ." .-=. : ~ ~ \1) ~ ~ .. . , ~ ~ I , t .' :. :, . . ~ ., o ~ .e . .\ , '.- ii ,..=~ : .. ~ ,- .... ....... L .~ o. '. I J' ; .~ .... . I&- ~ . , , .. . . , , _..- . - .. ... . . ., .' . It' ~- .~;.. ,. . ::"''!''t:... .0' ." (p"' "," . rt~ o . '. '~:. ~> ~~:."--' M .. or'. -....,.. ... . .. .. - ~f'I~~r;( ~--- }f¡~Þ1~~~;¡~'. ~~~~*:1t;;' - ~ ~~a;,,~~ LA, o~ ~~pt/f~1:{ ~HI~ µ:;m~D~~~~. 0 ' ' EXHIBIT "E" I I I I II I I I I I I I I I I I I I !---.- . :' 4.,. . EXHIBIT "F" Maintenance Standards MINIMUM-MAINTENANCE SPECIFICATIONS 1. Greens, practice putting greens & nurseries A. Mowing - At least five days per: week at a height between 3/16" during the growingcseason; as needed during the off season. B. Change cup locations on all greens and practice pútting greens daily during the active season and at least three times weekly in the off-season. Cup location will be moved at least twenty feet .£rom the previous placement. c. Repair ball marks, divots, or any other damaged turf areas on all greens and practice greens daily. -D. Aerify all greens, practice putting greens and nurseries at least three times per year during the growing season. Aerify problem areas as often as necessary to produce superior turf quality. E. Topdress all greens, practice putting greens and nurseries: A. After any aerification performed with 1/2" or larger tines; B. As needed to maintain a smooth putting surface. c. Topdressing will be sand or a mix similar to that used to construct the greens. . F. Light vertical mowing of all greens, practice putting greens and nurseries shall be performed as appropriate to smooth and true the putting surfaces. Heavy dethatching shall be performed only prior to any winter overseeding. NOTE: \nlere bermudagrass greens are maintained, they shall be overseeded annually, approximately 2 to 3 weeks before the first annual frost, using perennial rye .or a blend of prennial rye, poa trivialis and/or fine fescues - at a rate between 20 and 30 lbs. per 1,000 square feet. The Putting surface shall be prepared for overseeding by aerifying not later than 30 days prior to overseeding and verticutting weekly starting three to four weeks prior. Overseeding shall be topdressed 1/8" with material similar .to green construction material or an approved sand/organic mixture. A complete fertilizer shall be applied immediately prior to seeding. Greens shall be irrigated sufficient to remain moist but not soaked until all seed has germinated. Dur~ng ge~ination period, cup shall be changed frequently. First mot...~ng shail be at 5/16" reducing to normal cutting heights graàt.~.lly . A preventive program of fungicide applications shall be maintained starting two days after overseeding. ~ ~ _/ I I I I I I I I I I I I I I I I I I !--.- c . ~ " . . G. Spiking of all greens and practice greens shall be performed as needed between aerifications to maintain water infilitration. B. Fertilization - All greens, practice greens, and nurseries shall be fertilized with nitrogen, phosphorous, potash. and other elements as needed to maintain color. growth. health and turgidity of the turf, without allowing excessive or succulent growth. The goal of the greens fertilization program is to provide the best possible putting surface, not to produce the maximum amount of growth. ~ ,I. Fungicides - All greens. practice greens and nurseries shall receive appropriate fungicide applications to prevent and/or control fungal disease activity. J. ~eed Control - All greens. practice.greens and nurseries shall be maintained free of undesirable grasses and weeds. Pre-emergent herbicides shall be used as necessary to prevent intrusion into the greens of weeds difficult to eradicate such as goosegrass, crabgrass, etc. K. Insecticides - All greens, practice greens and nurseries shall be treated as necessary to prevent or halt insect damage. ~ees - All areas used for tee surface A. Mowing - All tees shall be mowed at a height between 3/8" - 5/8" three times per week during growing season and as necessary during off-season. B. Topdressing - All worn areas on tees shall be topdressed at least weekly to fill divots and level tee surface. Topdressing material shall contain seed of annual or perennial ryegrasses. or other species as appropriate. c. Overseeding - All tees shall be overseeded at a rate of not less than 10 lbs./l.OOO square feet, approximately two to three weeks before the first annual frost. Seed used shall be a suitable species or blend. D. Set-up - Tee markers and all tee equipment shall be moved daily for proper play and control of turf wear. E. Yeed Control - Tees shall be kept weed free to an extent of at least 90% of the area by the proper and timely application of pre- and/or post-emergent herbicides. F. Vertical Mowin1 - All tees shall be verticut as necessary to control mat or thatch build-up. 2 I I I I I I I I I I I I I I I I I I ~ :' , ". G. Aerification - All tees shall be aerified at least every two months from March through October and as necessary during the remainder of the year. B. Fertilization - All tees shall be fertilized with nitrogen, phosphorous. potash, and other elements as needed to maintain color, growth, health and turgidity of the turf, witho~t allowing excessive or succulent growth. 3. Fairways - All areas of play except greens, tees, roughs and natural growth areas A. Mowing - All fairways shall be mowed at least three times per week at a height between 1/2" - 7/8" during the growing season and as needed for the balance o~ the year. Contour mowing as specified by the architect in the original pl~n~ shall be maintained. Aerification - All fairways shall be aerified a minimum of three times per year during the growing season. Aerification holes shall not exceed a spacing of eight inches on center or be of a diameter of less then 1/2". JJ. c. Fertilization - All fairways shall be fertilized with nitrogen, phosphorous, potash, or other elements as needed to maintain color, growth, health and turgidity of the turf, without allowing excessive or succulent growth. D. Vertical Mowing - All fairways shall be verticut as necessary to control mat or thatch build-up. E. Yeed Control - Fairways shall be kept weed free to an extent of at least 90% of the area by the proper and timely application of pre- and/or post-emergent herbicides. "4. Roughs All turfed areas of play except greens, tees, fairways and natural growth areas. A. Mowing - All. .roughs shall be mowed weekly during the growing season and as necessary during the balance of the year, at heights between 3/4" and 1-1/2". Rough height shall not exceed 211 without the direct approval of the regional superintendent,and rough mowing shall not be suspended for any tournament without such approval. B. Aerificat1on- 1) Fairway-to-tree-l1ne play areas shall be aerified at least two tim::!s per year. 2) Yithin wooded play areas - as necessary to establish and/or maintain turf. 3 ~ --".' I I I I I I I I I I I I I I I I I I !---.- .. . " ... . c. Fertilization - Roughs shall be fertilized as necessary to maintain tu rf . D. Yeed Control - Shall be performed as necessary to prevent seed formation and to allow proper play. s. Natural growth areas All areas in which native or introduced vegetation is allowed to survive without routine mowing, cultivating, irrigation or other routine maintenance procedures. May be out of play areas, steep slopes, barriers, windbreaks, nature trails, etc. Such areas are to be . maintained free of excessive trash, noxious weeds and vertebrate pests, and in such manner as to comply fully with fire department regulations or other such regulations as may apply. Such natural growth areas may be improved and may from time to time be subjected to irrigation, cultivation, pruning, or other such practices as may be necessary or desirable to establish or maintain them. They may not be either created or converted to more intensively managed landscape types without the direct approval of the regional superintendent. 6. Planters - All areas planted with ornamental plants, not intended for golf play and having a definable border. A. Clean-up - All planters shall be maintained free of trash and debris. B. Yeed Control - All planters shall be maintained free of weeds by mechanical and/or chemical means. c. Trimming - The plant material (trees, shrubbery and ground covers) in planters shall be trimmed for protection from wind, insect damage, and for appearance. 7. Trees - All trees within the property lines of the golf course. A. Stakes - Trees shall be staked ·as·necessary until of sufficient size to stand unassisted. Stakes shall be installed and maintained in the manner recommended by the University of California. Stakes shall be removed as soon as possible. B. Pruning - All trees shall be properly pruned for protection from wind and pests as well as for appearance and safety. C. Irrigation - All trees shall be irrigated to provide adequåte moisture for normal growth. D. Mowing - Large area mowers shall not be used within one foot of the trunk of any tree. E. Removal and Replacement - All dead tLe~s, f~r whatever cause. shall be removed. Replacement shall be with a tree of appropriate type and size. 4 ~ -,' I I I I I I I I I I I I I I I I I I ~ ," ~ "" . . Irrigation - All eouipment required to irrigate all areas of the property. A. Repair or replace all heads, valves, controllers, wiring, and pipe as needed to maintain the proper operation of the entire golf course irrigation system (including greens, tees, fairway. planters, flower beds, etc.) on an on-going basis. . B. The golf course shall be irrigated as necessary to support proper growth of golf turf and associated landscaping. 9. Fences - All fences and walls, block, chain link, or barbed wire, etc. on or within boundaries of the propertv. A. Repair all broken or damaged fencing as necessary. B. Immediately repair or replace as neçessary all fences, gates and locking devices needed for the protection of the golf course or equipment. 10. Clubhouse and Structures - All structures within the boundaries of the golf course. A. Course Restrooms - All course restrooms shall be maintained daily to provide clean and sanitary facilities for the users and employees of the course. Soap, towels, toilet paper, etc. shall be provided in adequate quantity at all times. Portable facilities shall be maintained similarly. B. All buildings and structures shall be maintained in good repair at all times. Surrounding areas shall be maintained free of weeds, brush, disorganized junk or broken-down equipment. trash piles, etc. Interior areas shall be clean and neatly organized, safe and sanitary for customers and employees. Painting, rodent and insect control, and landscaping shall be performed as necessary. "Housekeeping" duties shall be assigned to all maintenance crew members and shall be performed daily. C. Cart Paths - Maintain all cart paths in a smooth and clean condition and repair promptly as needed. D. The golf course superintendent is responsible for all facilities and structures maintenance not within the clubhouse area proper. 11. Edging All sidewalks, patios and concrete cart paths must be kept edged. Edging around valve boxes, meter boxes, backflow preventers, etc. shall be done as needed to insure that there is no obstruction of play or maintenance from growth around these items. 12. Sand Traps All sand traps shall be edged as necessary to maintain an appropriate lip, raked daily and filled with fresh sand as needed to maintain a s I I ... .,. t! I I . ~ ~ , I minimum 1-1/2" depth on' slopes and 4" in the bottom. Replacement sand will be of a dust-free type, suitable for trap use. 13. Landscaped areas I Tbe various planting areas throughout the course shall be cultivated, weeded, and pruned on a regular basis, with at least two replanting programs for annuals scheduled each year, depending on' the length of the season. I 14. Trash and refuse 'Shall be collected daily and removed from the property as necessary to ensure minimal problems from refuse odors, insects, etc. Approved trash receptacles shall be conveniently stationed on tees and other appropriate areas and emptied daily. I 15. Vertebrate pest control I Shall be routinely performed throughout the property on an on-going basis, in such a manner that vertebrate pest populations are steadily reduced and eventually eliminated. I 16. Aquatic All lakes, ponds and streams shall be maintained in a safe and sanitary manner and in good appearance. I 17. Soil and water Analysis will be performed yearly by an approved professional laboratory. I 18. Construction and remodeling Any change in the physical characteristics of any area of the golf course, such as addition or removal of sand traps. addition or removal of any hazards (water, trees, or native vegetation), movement of soil exceeding 20 cubic yards in any single area, or the modification of any portion of the golf course or the buildings, shall only be undertaken with the direct 'approval of the Vice President, Operations or his designated representative. I I 19. Crews I Other than during inclement weather. a full maintenance crew shall be on duty at the course daily supervised by an on-duty superintendent. Regular hours will be established and maintained. The superintendent's hours shall normally be the same as those of his crew. I NOTE: THESE SPECIFICATIONS INDICATE MINI1-ruM PRACTICES NECESSARY FOR -CRE PROPER MAINTENANCE OF ANY GOLF COURSE. IN NO WAY DO THEY LIl-1I'£ THE RESPONSIBILITY OF THE GOLF COURSE SUPERI~7ENDENT FOR THE PROFESSIONAL CARE AND MAI17ENANCE OF TIlE PROPERTY. I 6 I !---.- ~ .-/ I I I I I I I I I I I I I I I I I I !---.- ~ ~ .:,~:-:" ">~7:-:.~~:' 7'/fJ.?7~-;;; .; I.:,··::.·~~, , ~. .......:.. · · ..:.....;..:.. .... .._. .... ·EXHIBIT "D'-- ,. ..~ e. ... .:'". .. ........ ._. .. ~ : .. .:~.::~ -::~:.. :·;i;:.~·. ~..:--... .. . :..~..- .~. ..-:-r:~ ~ ~ ..~ . . . . . ~. : ~... 0 , .. . .... .~..~ .- . . -. . . . . . -.- . . : . :. \. \: . . ·0 't ,. -.. - ! 0:..:.' .. .. - :e.. - . . . ~·e . :, :. . .. . . . .- . .; ;... .. . .t . .. . : . . . '. ,. . : . : 0 ... . :.:. I e. ...:-t. . __ .. .._~ .: ea.:.. . ... . -. . .. - . ~ I- :- - . . &,. : ... . -:;. .. -..:: . ..,. . .. .. ·1 ~'. .;-. ~- -. . .' ~. ~.. . . ~ . . e.: . .. .- .' I. I .9 . ... .. . --. -11 ./ ..~ r;1 ':'i · ::Â"· \:,., \(: ()>>. .-' . , <' ,. ß'X~ " ···'A ' - . ..¡ . '. .) ..' ; ~ h ,'- "^ , r-' ~: .\. ' I J . " . .. Ir Wi I I I :1 r 1'f I ~ rr. . ~ ~ ! ¡ 1) .,r'~ i. Ot- -.Ii): ¡ C :~i ~ I ~ ; ! i ¡I a j .' C ~ I i ~ ~ r ~..:,. I, , ~ 1. ~ . I' ~ ~ I' : ~: a ~ & ,~ ,. £1:.- = ~ I J . . r ¡ ! .. EXHIBIT "c" Road ~),~l,1 ' \~ ..~1tî---. ~ ~ i:Ì'--:-~" ~ . ~;' .~ , ¡!:I Î' - ------~ ~ -- - .. .",--.. ; (~~ ..,...----..-.....-...--, _..----~~~~~ I .~ I I I I CITY OF NORTH RICHLAND HILLS Department: Economi c Deve 1 opment Council Meeting Date: 9/20/88 Approval of Ordinance Changlng the Effectlve Date of Ordinance No. 1543 from October 1, 1988 to Agenda Number: GN 88-79 December 1, 1988 - Ordlnance No. 1566 Subject: When it became apparent that the City would be able to build a golf course, the Director of Economic Development asked Richmond Bay to give us additional time to complete contract documents. Richmond Bay has written a letter (copy attached) asking to delay the effective date of the rezoning of Phase II from Outdoor Commercial (Golf Course) to R2 - Residential in order to give us sufficient time to close on the acquisition of all the land required for the golf course. . Recommendation: Approve Ordinance No. 1566. Finance Review Source of Funds: Bonds (GO/Rev.) Operatin udget Other - Acct. Number Sufficient Funds Available· ture Rf'1 '-~ J . '- '-" City Mana.....0r . Finance Director I I ~ I I I I I I I I I I I I I I I I I I ORDINANCE NO. 1566 WHEREAS, the applicant Richmond Bay Development, Inc., at the request of the City, has elected in writing to delay the effective date of Ordinance No. 1543; and WHEREAS, the passage of this Ordinance will delay the implementation of Zoning which would adversely affect the design of a proposed public golf course which the City has elected to construct. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF NORTH RICHLAND HILLS, TEXAS, that: 1. The effective date of Ordinance No. 1543 is changed from October 1, 1988 to December 1, 1988. PASSED AND APPROVED this 20th day of September, 1988. ATTEST: APPROVED AS TO FORM AND LEGALITY: /LÆ . ~x McEntire, Attorney for the City - - ""---- ..---....- I , I I I I I I I I I I I I I I I I I I ,.. RIGHN18ND BAY DEVEIOPMENT INC. August ll, 1988 Mr. C.~," A. Sanford Director of Economic Development City of North Richland Hills Box 18609 North Richland Hills, Texas 76180 Dear Mr. Sanford: In cooperation with your request of August 10, 1988 Richmond Bay Development, Inc. hereby requests that our effective zoning change date on Phase-II of our development be moved to December 1st ot 1988. In addition, we will limit our lot development to Phases IA and IB until that date. We will proceed with the balance of Phase I through the platting process. We will not present the plat to Council until after the 1st of December. Mr. McEntire suggested that a waiver could be granted to accomplish this. I would appreciate your putting into motion what eyer is needed to obtain that waiver. We are yery optimistic that all will be in place by December 1st and that we will see some signs of development this fall. Please consider this letter our formal request for the extension until' December lst. If theIeis anything else you need, please don't hesitate to call. Robe Project Manager Richmond Bay Development, Inc. --- ---. - ---- -- -----. ------------.- - .-..-----.--.-.,.- I Ie I I I I I I I I( I I I I I I I~ I I September 20, 1988 Page 2 Mr. Sanford stated that the last section stated that if there were not costs for the land, the money would be paid to the City at the opening of the golf course. Mayor Pro Tern Davis stated that Section 2.3f regarding signs - the City might have a problem with Haltom City on the sign and asked if that potential problem had been solved. Mr. Frank stated it was his understanding that if North Richland granted Meadow Lakes the space they would go to Haltom City and acquire permission for the sign. Mr. Sanford stated he would like to have the wording in changed to state lithe City would allow the sign for fi~ all of the lots were sold, whichever came first". Mayor Pro Tern Davis referred to Section 4.1c per ining to railroad easement - and asked Mr. Frank if he had alrea obtained the easement. Mr. Frank stated they had an easement from he railroad to the former developer and they would insert the Cit~ f North Richland Hills and Recreational Services Limited. Mr. Fr k stated it would be a permanent easement for the City and a tempora~ easement for the contractor. Mr. Line stated he would sugges that the closing date be changed from October 11th to October 10th .cause the City at the time did not think that the proceeds of the sa of the ·certificates of obligation would be received until October 15 and wanted to have the closing prior to that date. Mr. Line stated at he learned Friday that the proceeds of the sale would be deliver a Monday, October 11th and wanted to move the closing to October th so the City would know they had the land before they accepted del · very of the bonds. Mayor Pro Te avis asked if the ~ity was getting an Owner's Title Policy on the pro rty. no, it would be a Special Warranty Deed~ M or Pro Tern Davis asked that the Staff to be instructed to look into the ost effective means of possibly getting an Owner's Title Policy. Motion, with changes as noted, carried 5-0. 5. GN 88-79 APPROVAL OF ORDINANCE CHANGING THE EFFECTIVE DATE OF ORDINANCE NO. 1543 FROM OCTOBER 1, 1988 TO DECEMBER 1, 1988 _ ORDINANCE NO. 1566 APPROVED Councilman Garvin moved, seconded by Mayor Pro Tem Davis, to approve Ordinance No. 1566. Motion carried 5-0. -~ CITY OF NORTH RICHLAND HILLS Department: Economic Development 9/19/88 Council Meeting Date: Approval of Management Contract with Recreational A N GN 88-80 :Serv1.ces L1.m1.tea. genda umber: Resolution 88-35 Subject: - Attached is the contract to Recreational Services Limited to maintain and operate the golf course for a period of five years. The details conform to the proposal submitted (] to you earlier. RECOMMENDATION: Approve Resolution No. 88-35 for five year contract with Recreational Services Limited. Source of Funds: Bonds (GO/Rev.) Operating udget Othern ~ GL Q1-" Finance Review Acct. Number Sufficient Funds Available I¿Øt~7~ , City Manager . Finance Director ---'---,._-_..._---~.,....-- '-..-- -,- '~~"'"":L'. t. I I I I I I I I I I I I I I I I I I t" RESOLUTION NO. 88-35 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF NORTH RICHLAND . HILLS, TEXAS, that: 1. The Mayor be, and is hereby, authorized to execute the attached contract with Recreational Services Limited as the act and deed of the City. PASSED AND APPROVED this 20·th day of September, 1988. ATTEST: (hA_~' 77: ) L)~ C~¡;y~ APPROVED AS TO FORM AND LEGALITY: A \.. I I( I I I I I I I I( I I I I I I Ie I I J ' September 20, 1988 Page 3 6. GN 88-80 APPROVAL OF MANAGEMENT CONTRACT WITH RECREATIONAL SERVICES LIMITED - RESOLUTION NO. 88-35 APPROVED Councilman Garvin moved, seconded by Councilman Metts, to approve Resolution No. 88-35. /1 Mayor Brown stated that under Section 2(d) - Start-Up Budget, on what they were going to purchase did not mention golf carts. Mr. McEntire stated they may want to lease the golf carts. Mr. Line stated that if golf carts were not mentioned somewhere else in the contract, it needed to be added. Mr. McEntire stated the wording would be changed to purchase and/or lease and would include adequate golf carts. Mayor Brown referred to Item 5 - Clubhouse and Other Start-up Items funded by the City shall be the property or obligation of RSL and asked if the City was going to purchase them. Mr. McEntire stated the contract was talking about other than those items which were purchased with the start-up items. Mayor Brown referred to Item 9 - Upon Termination of the Agreement - RSL would sell, transfer and assign all of the assets which would properly be reflected on the Financial Statements of the facility. Mayor Brown asked sell to who. Mr. McEntire stated to the City. Mayor Pro Tern Davis st~ted the wordin~ '~all assets will be assigned to the City" needed to be added. Councilman Sibbet referred to Section 2(a) - Major Decisions - and asked if the decisions for major purchases would be approved by the City Manager or Council. Mr. Line stated he did not contemplate that any prior approval for expenditures other than items not budgeted for would have to be approved. Councilman Welch asked how the course would be policed once it was operational. Mr. Line stated after it started operation someone on the staff would be assigned responsibility for supervision of the golf course operator and during the construction period George Tucker would monitor. Mayor Pro Tem Davis asked Marty Streiff if he would have a problem with working with the Park and Recreation Board looking at updates and changes to the policies of the operation. I September 20, 1988 Page 4 Mr. Streiff replied no. Motion, with changes as noted, carried 5-0. 'I I I I I I I( I I I I I I Il I I 7. GN 88-81 APPROVAL OF CONSTRUCTION SUPERVISION CONTRACT WITH RECREATIONAL SERVICES LIMITED - RESOLUTION NO. 88-36 APPROVED Mayor Pro Tern Davis moved, seconded by Councilman Resolution No. 88-36. Mayor Pro Tern Davis referred to Item l(c) - Full Time Site uperintendent and Inspector - and asked if that had been budgeted for Mr. Sanford stated that was a part of Recreational ervices Limited's proposal. Motion carried 5-0. Mayor Brown adjourned the meeti Mayor ATTEST: .{ ~. .. J',. I· 1 1 1 1 I 1 1 I 1 I 1 I I I I I I I PERSONAL SERVICES MANAGEMENT AGREEMENT For the Management of Golf Course and Club House Operations , Þ!- THIS PERSONAL SERVICES AGREEMENT executed September~, 1988, is by and between THE CITY OF NORTH RICHLAND HILLS, TEXAS (the "city") and RECREATlof.lAL SERVICES, LTD." a Texas limited partnershi.p ("RSL"). WIT N E SSE T H: WHEREAS, the City plans to build a golf~course (the "Golf Course") and clubhouse (the "Clubhouse") as described in the Construction Supervision Agreement (the "Construction Agreement") between the City and RSL of even date herewith; and WHEREAS, the City and RSL desire. for RSL to manage and operate the Golf Course and Clubhouse (which are sometimes hereinafter referred to as the "Facility") on behalf of the City. NOW, THEREFORE, for and in consideration of the covenants and agreements contained herein, the parties hereto agree as follows: 'tt 1. Term of Agreement. The term of this Agreement shall begin on the first day the Facility is open and the Golf Course is ready for play (the "start Date"), and it shall end on the fifth anniversary of the Start Date unless terminated by the City prior to that date. The City shall have the option to terminate this Agreement at any time following the third anniversary of the Start Date, which option may be exercised by giving written notice to RSL not less than ninety (90) days prior to the termination date City of North Richland Hills/Recreational services, Ltd. Personal Services Management Agreement Page 1 . .... I' · 1 1 1 1 1 1 1 1 I I 1 I 1 1 I I I I determined by the city. The City shall determi~e the start Date after consulting with RSL. ~ 2 · Services to be Performed by RSL. During the term of this Agreement, RSL shall operate the Facility, handling the collection and disbursement- of all money, employing all employees, purchasing (j and selling food, beverages, merchandise, supplies and services, purchasing- insurance coverage, handling disputes with third parties, collecting and paying appropriate taxes, and accounting ·to the City for its activities. The ci·ty hereby grants and delegates to RSL the authority and responsibility necessary to permit RSL to perform its duties under this Agreement, agrees to take such additional steps as are necessary to evidence such delegation and authorization as is reasonably requested by RSL in writing, and authorizes the exclusive use of the Facility by RSL during the term of this Agreement for this purpose. with respect to the operation of the Facility, the parties hereto agree as follows: (a) Major Decisions. RSL shall secure the city's prior approval of al¡ maj or po.licy .decisions, including but not limited to capital improvements and expenditures, operational budgets, Clubhouse and ~r6und rules. RSL shall, to the best of its ability, operate the Facility in accordance with the maj or policy decisions agreed upon wi th the ci ty. The Facility shall be open to the general public. All fees charged to customers at the Facility shall be subject to the approval of the City, provided that the City shall approve fee proposals of RSL which are comparable to those fees charged by competing public golf courses for similar services and . facil i ties · Unless the parties agree otherwise, the fees shall increase annually by at least the amount proportional to increases in the Consumer Price Index for the geographic area. (b) Periodic Operation Review. RSL shall, on an ongoing and continuing. basis as shall be reasonable and necessary, City of North Richland Hills/Recreational Services, Ltd. Personal Services Management Agreement '!")~-ð .., · '. I' · I I I I I I I I II I I I I I I I I I but not less than twice a month during the first six months of this Agreement, review its management work, programs and efforts with the City. The City shall be kept fully informed of all Facility management activities and ope~atïons. Prior to the start Date, RSL will meet with the City to establish proper accounting controls. (c) Promotion of Golf Activities. RSL shall coordinate the creation or modification of graphics, logos and other visual materials for u~ilization on letterheads, envelopes, temporary and permanent signage, brochures, information profile, progress reports, press releases and bulletins. RSL shall coordinate and direct all of the work done in the area of advertising and public relations to ensure that the Facility will create an appropriate, continuing visual image and presence in print and communications media. This will be achieved principally by securing articles, interviews and reports in the ~edia dealing with construction progress, Golf Course design and features, Clubhouse facilities, and employment of key personnel. (d) start-up Budqet. In order to assist the City in . A evaluating the performance of RSL under this Agreement, and¡J;¡ ~~ to prepare for proper operation of the Facility, prior to the ~' Start Date RSL shall prepare a budget and present and review *O~ it wi th the Ci ty · Upon approval by the Ci ty , RSL shall 4. 0.$ e implement the start-up budget and make all purchases.required L for start-up as set forth in the approved budget. Such purchases shall include Golf Course maintenance equipment,~ ~/{)If <:'k/t t..s food and beverage inventories and stock, Golf Course supplies, Golf Course maintenance supplies, Clubhouse cleaning and ~ maintenance Supplies and equipment, and accounting and office ~~~~ equipment and supplies. The cost of purchases, together with ~~t the opening working capital established in the approved start- up budget, is hereinafter q~ferred to as the "Initial RSL Capital," and shp,ll be funded by RSL, or, at the option of City, by the City. (e) Annual Budqets. Each July during the term of this Agreement, RSL shall submit a proposed operating budget to the City for the upcoming Fiscal Year (the period beginning October 1st and ending September 30th is referred to herein as the "Fiscal Year"). Once the proposed operating budget is approved by the Ci ty, RSL shall use its best efforts to operate the Facility in accordance with the operating budget. (f) Facility Personnel. RSL shall recruit, interview and hire the basic Facility staff, including all on-site management personnel, i.e., golf pro, assistant golf pros, golf course superintendent, all food and beverage staff, house and grounds maintenance personnel, j ani torial staff, etc. Such personnel shall be hired and employed by RSL. City of North Richland Hil1s/Recre~tional Services, Ltd. p e-~s C~Y1. ~~ 1- s:~~~.~ i~~#~~ ,~.,-_.",.-:¿,,:; _.~~..:.- ..;;~~ _:--"'::~ ~'i!!".t . . I" · I I I I I I I I I I I I 1 I I I I I ~ ' (g) Food~ Beveraqe and Merchandise. The City agrees to permit the sale of beer, wine and liquor by the drink at the Facility. RSL shall comply with all Texas laws relating to the sale of same if RSL chooses to obtain appropriate licenses and sell same at the Facility. In addition, RSL shall purchase and sell such other food, beverage and merchandise at the Facility for such prices as it deems prudent, provided that the items purchased and sold are of a type typically available at comparabl~1 public golf facilities. 3. PaYment of Cash Flow. On the 15th day of each February, May, August and November during the term of this Agreement (or more often, as requested by the City), RSL shall pay to the City one hundred percent (100%) of the Net Cash Flow from the Facility, determined in accordance with the provisions this paragraph, for the period ending on the last day of the preceding month. Net Cash Flow shall equal the sum of the following: Revenues minus the sum of: (i) Expenses, plus (ii) Approved Capital Expenditures, plus (iii) Debt Service on Initial RSL Capital, plus (iv) Approved . Reserves. (a) Revenues. "Revenues" shall mean all cash receipts of any kind from operation of the Facility, including but not limited to green fees, cart rentals, range fees, proceeds from the sale of food, beverage and merchandise, rebates, rentals, proceeds from the sale of assets, and interest. Also revenues shall include advances ,from the City and insurance proceeds. (b) Expenses. "Expenses" shall mean all cash expendi- tures and losses of any kind from the operation of the Facility, including but not limited to: (i) Payroll, payroll taxes, employee benefits and unemployment insurance and taxes; (ii) Payments for food, beverage, merchandise and supplies; (iii) Insurance costs; (iv) Payments for advertising and promotion of the Facility; City of North Richland Hills/Recreational Services, Ltd. ,tP~r~J §~v-j.:C,~~ :~~c~':!.~~ ~~~cf-m~nt -~ ? '"': .~ . I' 1 I I I 1 I I 1 I 1 1 1 1 I I I I I (v) Lease payments and debt service payments for equipment, furniture, fixtures and other capital items, provided that the purchases or leases o~ thè item were approved by the City; (vi) License fees, dues and subscriptions; (vii) Expenses of hiring and training personnel; (.J (viii) Costs of maintaining the Golf Course and Clubhouse; and (ix) All management fees paid to RSL in accordance with this Agreement, including the Fixed Fee and any Contingent Fee. (c) Approved Capital Expenditures. "Approved Capital Expenditures" shall mean all cash payments for equipment, furniture, fixtures, Facility improvements and other capital items approved by the City. (d) Debt Service on Initial RSL Capital. Once the amount to be funded by RSL for the Facility has been deter- mined in accordance with paragraph 2 (d) above and RSL has funded such amount, RSL shall begin repayment of that amount from the Facility in level monthly payments based (adjusted for changes in interest rates) on a IO-year amortization, bearing interest at the rate of two percent (2%) over bank prime per annum. All payments made from the Facility to RSL are referred to herein as the "Debt Service on Ini tial RSL Capital." (e) Approved Reserves. "Approved Reserves" shall mean the amount of cash approved by the City to be held by RSL for operation of the Facility for ,the then upcoming three-month period. . .. 4. Advances from the city. If at any time the Net Cash Flow from the operation of the Facility is not sufficient to meet the Debt Service on Initial RSL Capital and Approved Capital Expendi- tures and Expenses as they become due, the City shall advance to RSL the amount of cash necessary to meet such obligations. 5. Fiduciary Relationship_ All of the Revenues and Expenses arising in connection with the operation of the Facility shall City of North Richland Hills/Recreational Services, Ltd. _.p~_r_s-9J1jl_l ~jr\tj.:ø:._s ~~~~~tJ~~t M:reem.ent I I I I I I I I I I I I I I I I I I I belong to or be owed by RSL, all employees of the Facility shall be employees of RSL, and all assets and liabilities located at the ~ . Facil'ity (other than the Golf Course, the Clubhouse and other start-up items funded by the City in accordance with paragraph 2(d) above) shall be the property or obligation of RSL. However, RSL () shall maintain a separate account for the receipt of Revenues and advances from the City and the payment of Expenses and approved capital expenditures I which account shall be designated as the "Facility Account." RSL shall have a fiduciary- duty to the City with respect to its operation of the Facility, faithfully account- ing to the City and paying all payments due to the City in accordance with this Agreement. RSL shall in no way commingle the Revenues and advances from the City with other money or accounts, and it shall not take any money or property from the Facility Account or the Facility except for the Debt Service on Initial RSL Capital and Management Fees and expense reimbursements set forth in this Agreement. In addition, no purchase of goods or services shall be made by RSL as an asset ,or Expense of the Facility from an entity affiliated with RSL.unless such purchase is on terms - reasonably competitive with terms available from non-affiliated sources. Any breach of the covenants contained herein shall be a breach of the fiduciary obligation of RSL to the City hereunder. 6 . Manaqement Fees. In exchange for the services to be rendered by RSL hereunder, RSL shall be reimbursed from the Facility Account for all direct and indirect out-of-pocket expenses incurred by it in connection therewith, and RSL shall be paid the City of North Richland Hills/Recreational Services, Ltd. PersQnal ~e~v~øes HAÐAgam.nt Aqreement "P:áCJé t5 I" 1 I I I I I I I I I I I I I I I I I , . Fixed Management Fee. In addition, for periods in which it is earned, RSL shall be paid the Contingent Management Fee from the Fiduciary Account. ~ (a) Fixed Manaqement Fee. The Fixed Management Fee for each month during the term of this Agreement shall be the following: (j (i) $5,500 from the start Date through September 30, 1991; (ii) $6,050 from October I, 1991, through September 30, 1992; (iii) $6,650 from October I, 1992, Jthrough September 30, 1993; (iv) $7,300 from October I, 1993, through September 30, 1994; and (v) $8,050 from October 1, 1994, through the end of the term of this Agreement. (b) Accrual and Payment ofContinqent Manaqement Fee. The Contingent Management Fee shall be payable from the Facility Account in the first month following a calendar year in which the Revenues (other than interest and proceeds from the sale of assets, hereinafter referred to as "Gross Revenues") are not less than the following amounts: (i) $597,600 for 1990; ( ii) $975,500 for 1991; (iii) $'1,187,300 for 1992; (iv) $1,398,000 for 1993; (v) $1,481,800 for 1994; and (vi) $1,570,700 for 1995. For the calendar year in which this Agreement is terminated, the Gross Revenues for the calendar year shall be reduced based on a reasonable proration. If the Gross Revenues for any period are less than the amount stated above, the City may, in its discretion, consent to the payment of all or any portion of the Contingent Management Fee for that period. City of North Richland Hills/Recreational Services, Ltd. Personal S~r",.r~.r:~~ M_ana.qement Agreement ~~~~ ! I' I I I I I I I I I I I I I I I I I I (c) Amount of Contingent Manaqement Fee. The amount of the Contingent Management Fee, if and when earned hereunder, shall be the lesser of: (i) the Fixed Management Fees for the calendar year, or (ii) the following for the~perio9s stated "below: (i) For 1990: Five percent (5%) of the Gross Revenues in excess of $597,600; (ii) For 199J¡: . (A) $500 if Gross Revenues are less than $1,300,500; or (B) $500, plus five percent (5%) of the excess over $1,300,500, if the Gross Revenues exceed $1,300,500. (iii) For 1992: (A) $39,800 if Gross Revenues are less than $1,583,100; or (B) $39,800, plus five percent (5%) of the excess over $1, 583, 100, if the Gross Revenues exceed $1,583,100. (iv) For 1993: (A) $77,800 if Gross Revenues are less than $1,864,000; or (B) $77,800, plus five percent (5%) of the excess over $1,864,000, if the Gross Revenues exceed $1,864,000. (v) For 1994: (A) $84,200 if Gross Revenues are less than $1,975,800; or (B) $84,200, plus five percent (5%) of the excess over $1,975,800, if the Gross Revenues exceed $1,975,800. (vi) For 1995: (A) $90,700 if Gross Revenues are less than $2,094,300; or City of North Richland Hills/Recreational Services, Ltd. Personäl ~~~i~~s Hanâqement Aqreement Pã~e 8 .. I' · I I I 1 1 1 I I I I I I I I I I I I (B) $90,700, plus five percent (5%) of the excess over $2, 094, 300, if the Gross Revenues exceed $2,094,300. ~ 'For the calendar year in which this Agreement is terminated, the Contingent Management Fee for the calendar year shall be reduced based on a reasonable proration. 7 . Accounting. RSL shall maintain books and records relating to the business ac~ivities of the Facility in accordance ~ith generally accepted accounting principles, separate from its other books and records. Soon after the start Date and the funding of the Initial RSL Capital, RSL shall hire accquntants on behalf of the Facility to prepare an opening balance sh~et listing the assets and liabilities used or incurred in the operation of the Facility. Thereafter, monthly financial statements shall be prepared as an Expense of the Facility 1 Which statements shall include unaudited balance sheets and income statements (the "Financial statements") prepared as if the operation of the Facility is a business entity separate from RSL and the city. The balance sheet shall reflect all of the assets remaining unsold ^hich were purchased with the Initial RSL Capital, with subsequent advances to the Facilìty Account by the City, or with Revenues from the Facility. RSL shall deliver a copy of each Financial statement Nithin a reasonable time after the end of each month. In addition, RSL shall deliver a copy of its audited financial statements for each calendar year beginning with 1988 and continuing until the termination of this Agreement. At any time during the term of this Agreement, the ci ty shall be enti tIed to inspect the books and records of the Facility, and it may conduct an audi t of the City of North Richland Hills/Recreational Services, Ltd. Personal Services Management Agreement Pacre 9 I I I I I I I I I I I I I I I I I I I Facility and the Financial statements, provided that any expense incurred by the city in conducting an inspection or audit shall be ~ borne' by the city. 8 . Termination Option. In addition to the termination option described in paragraph 1 above, the City shall have the (J option of terminating this Agreement in the event of a default by RSL hereunder. (a) Defaul t. The following shall, unless cured in accordance with paragraph B below, constitute a default by RSL (a "Default"): (i) Any breach of the fiduciary obligation of RSL under paragraph 5 of this Agreement; (ii) The filing of a voluntary petition for protec- tion under federal bankruptcy laws, or the failure to obtain the dismissal of an involuntary petition under federal bankruptcy laws within thirty (30) days after filing; (iii) A discontinuance by RSL of its business or abandonment of its activities at the Facility; or (iv) A failure of RSL to perform its duties under this Agreement or the Construction Agreement. (b) Cure. RSL shall have thirty (30) days after written notice from the City specifying the nature of its Defaul t under paragraph (a) (iv) .abdve., within which to cure such Default, provided that if the nature of the Default is such that it cannot be fully cured within thirty (30) days, RSL shall have such additional time as may be reasonably necessary to cure such Default so long as RSL diligently pursues cure of the Default. (c) Exercise of Termination Option. The City may exercise its option hereunder to terminate this Agreement by giving written notice of the Default to RSL. In the event of a Default under paragraphs (a) (i), (ii) or (iii), this Agreement shall terminate immediately upon delivery of written notice from the City to RSL of its election. to terminate the Agreement. In the event of a Default under paragraph (a) (iv), this Agreement shall terminate upon expiration of the cure period under paragraph (b) following delivery by the City to City of North Richland Hills/Recreational Services, Ltd. PersoR.al servi-G·es Ma-nagem&R·t Ag:r;eemen·t Page ';.:10 ",,' I" I I I ~ ~!/~ IY I I I I I I 1 I I I I I I I RSL of its election to terminate the Agreement provided that RSL has not timely cured the Default. 9. Transfer Upon Termination. Upon termiJ;1atiion of this Agreement, RSL shall sell, transfer and assign all of the assets To I~'¡¿' c ,.i"y which would properly be reflected on the Financial statements of the Facility as provided in ~aragraph 7 of this Agreement, and the City shall repay the then remaining Debt Service on Initial RSL Capital in lump sum and assume all liabilities which would properly be reflected on the Financial statements and all obligations and contingent liabilities relating to the Facility, other than contingent tort liabilities which result from the intentional wrongdoing of RSL or its agents and other insured tort liabilities. (a) Assets to be Transferred. Said assets shall include, but not be limited to, all of.RSL's right, title and interest to any of the following arising out of activities of the Facility or purchased by RSL from the Initial RSL Capital, advances from the City, or Revenues of the Facility (other than insurance proceeds relating to liabilities not required to be assumed by the Ci ty) ,: (i) Cash, including the Facility Account; (ii) Accounts receivable; (iii) Other rece~vables; (iv) Inventories of merchandise, food, beverages and supplies; (v) All equipment, furniture and fixtures; (vi) prepaids and deposits; (vii) Contract rights; (viii) Trade names; (ix) Books and records; and (x) Goodwill. City of North Richland Hills/Recreational services, Ltd. Personal Services Management Agreement Page 11 I" I I I I I I I I 1 I 1 I I I I I I 1 (b) Liabilities to be Assumed. Said liabilities shall include but not be limited to all debts and obligations of RSL arising out of the operation of the Facility remaining unpaid or unsatisfied at that time, other than to~t iiabilities resul ting from the intentional wrongdoing of RSL or its agents. (c) Closing. The transfer of assets, payment of the Debt Service on Initial RSL Capital and assumption of liabilities shall occ~r on or within a reasonable time following the date on which this Agreement is terminated. 10. Indemnity. RSL is not an agent or employee of the City hereunder, and all of its activities relating to the Facility shall be in its capacity as independent contractor to.the City. (a) Obliqations of the Facility. Provided that the City is not in breach of its obligations hereunder, at the Expense of the Facility RSL shall pay all obligations and defend all disputed claims arising out of or resulting from RSL's activities conducted in connection with or incidental to this Agreement. (b) Indemnification bv RSL. RSL agrees to indemnify, hold harmless and defend the City, its officers, agents and employees, from and against all liability for any and all claims, liens, suits, demands or actions for damages, injuries to persons (including death), property damage (including loss of use), and expenses, including court costs and attorneys' fees and other reasonable costs arising out of or resulting from RSL's intentional acts or other insured tort liabilities. (c) Indemnification by the City. The city agrees to indemnify and hold harmless' and defend RSL, its officers, agents and employees, from and against all liabilities for any and all claims, liens, suits, demands or actions for damages, injuries to persons (including death), property damage (including loss of use), and expenses, including court costs and attorneys' fees and other reasonable costs arising out of or resul ting from the liabilities and obligations to be assumed by the City in accordance with paragraph 9 of this Agreement. (d) Notice of Claims. RSL and the City will provide each other with prompt and timely notice of any event covered by the indemnity section of this Agreement and in the event a claim or action is filed, each party may employ attorneys of its own choosing to appear and defend the claim or action on its behalf. City of North Richland Hills/Recreational Services, Ltd. Per son a 1 S e r~' ice :--; '\ " .--: ':"" -- ". -. ':-' ~.~ - ,- -- -: --...... Q --; ~ T'\ ~ ~ _.,"'" ..,... I' · 1 I I I I I I I I I I I I I I I I I 11. Insurance. As an Expense of the Facility, RSL agrees to . obtain public liability insurance of the types and in the amounts set forth below from an underwriter licensed to do business in the State of Texas. RSL shall furnish to the City certificates of insurance or copies of the policies, evidencing the required (j insurance within thirty (30) days of the start Date, and thereafter shall furnish new certificates thirty (30) days prior to the expiration date of the previous certificate(s). So long as the City is not in breach of this Agreement, RSL agrees to secure and maintain the following types and amounts of insurance, for the term of this Agreement. (a) Type and Amount of Insurance. The type and amount of insurance to be obtained for the Facility is as follows: "TYPE" "AMOUNT" 1. Worker's Compensation and Employer's Liability Statutory 2 . Comprehensive General (Pub- lic) Liability (or its equi- valent) - to include (but not limited to) the follow- ing: Bodily Injury: $500,000 - per person $1,000, 000 - per occurrence and Property Damage: $250,000 - per occurrence or $1,000,000 Combined Single Limit for bodily injury and property damage. (a) Premises/Operations (b) Independent Contractors (c) Personal Injury (d) Products/Completed Operations 3 . Fidelity Insurance - cover- ing all employees and officers having access to monies collected. Amount sufficient to protect the loss of the largest dol- lar amount in the control or possession of an employee at any given time, but not less than $125,000 or such other amount as requested by the City. City of North Richland Hills/Recreational Services, Ltd. ~e,--~~~l~ ~~~Y:iq~g.. u:--....·.,.:Œ~e-t':t_ þ.--Œ!"np~ent Pëtq:'e: ~3 .I' I' · I I 1 I I I I I I I I I I I I I I I ..J ;.. 4 . Property Insu~ance for physical damage to the property of RSL located at the Facility, including improvements and betterments to the Facility. Coverage for minimum of one hundred percent (100%) of the fair market value- of prop- erty . ~ 5. Comprehensive Automobile Liability (or its equiva- lent) - to include cov~rage for: Bodily Injury: $500,000 per person $1,000,000 per occurrence and Property Damage: $250,000 per occurrence or $1,000,000 Combined Single Limit for bodily injury and property damage. (a) 'Owned/Leased Automo- biles (b) Non-owned Automobiles (c) Hired Cars (b) Additional Insurance Requirements. With respect to the above-described insurance, RSL agrees to: (i) Have the City named as an additional insured, or an insured as its interest may appear. (ii) Provide for a Waiver of Subrogation in favor of the City. (iii) Provide thirty (30) days I written notice of any material change, termination or cancellation. 12. Miscellaneous. (a) Assignment. The rights and obligations under this agreement are not assignable by either party without the written consent of the other party hereto; provided, however, that such consent shall not 'be unreasonably withheld taking into account onl~ the capability of the proposed assignee to perform the duties of the assignor hereunder. (b) Notices. In the event of delivery of any notice provided for or required under this Agreement, the notice shall be in writing and shall be effective upon delivery if delivered in person or by messenger, or upon the third business day fOllowing deposit in the United states mail, if mailed certified mail, return receipt requested, postage prepaid, to the address of the addressee as follows: If to the city: The City of North Richland Hills . 7301 N.E. Loop 820 North Richland Hills, TX 76180 City of North Richland Hills/Recreational Services, Ltd. ~ Pe rS'o:n~al - S e rv-~c:e=s ~"'fl~~ ._.;. '- _:.. :' ~. -:-'. t ! ::".-,~ ~~:.:o ~e n t "!') '-'_~ ...~ I" I I I I I I I I I I I I I I I I I I .... :. If to RSL: Recreational Services, Ltd. 3012 Fairmount Dallas, TX 75201 ~ Attn: Mr. Martin J. Streiff, President With a copy to: White, Cox & Larson, P.C. 3012 Fairmount Dallas, TX 75201 (J Any party may change its address for notification purposes by giving the other parties written notice of such change in the manner provided above. (c) Entire Aqreement. This Agreement constitutes the entire agreement between the parties pertaining to the subject matter hereof, and this Agreement supersedes all prior letter agreements and' correspondence wi th respect to the subj ect matter of this Agreement. (d) Applicable Law. This Agreement shall be construed and enforced in accordance wi th the laws of the state of Texas, and shall be enforceable in Tarrant County, Texas. (e) Attorneys' Fees. In the event any party to this Agreement shall institute legal proceedings or be the defendant in legal proceedings for the purpose of enforcing the terms and provisions of this Agreement and shall prevail in a final, non-appealable judgment entered by a court of competent jurisdiction, then the non-prevailing party shall reimburse the prevailing party for all attorneys' fees and court costs incurred as a result of such proceedings. (f) Parties Bound. With the exception of the limitation on assignability of this Agreement as provided above, this Agreement shall bind the r~spective successors and assigns of the parties hereto. (g) Headings. The headings used in this Agreement are used for administrative purposes only, and do not constitute substantive matter to be considered in construing the terms of this Agreement. (h) Leqal Construction. In case anyone 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 thereof, and this Agreement shall be construed as if such invalid, illegal or unenforce- able provision had never been contained herein. city of North Richland Hills/Recreational Services, Ltd. Personal Services ~-AE]:J:eement P.a.~ê::.i~ I" I I I I I I I I I I 1 I 1 I I I I I .. --, IN WITNESS WHEREOF, this Agreement has been entered into as of the date first written above. ~ ATTEST: The City: THE CITY OF NORTH RICHLAND HILLS, TEXAS (J B · , \ \ RSL: RECREATIONAL By: STATE OF TEXAS § § COUNTY OF TARRANT § BEFORE ME, the undersigned authority, a Notary Public in and for the state of Texas, on this day personally appeared ____ '-, ~~~~-/' '~~ of THE CITY OF NORTH RICH LAND - ILLS, TEXAS, known to me 0 be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he/she executed the same for the purposes and consideration therein expressed, in the capacity therein stated, and as the act and deed of said city. GIVEN UNDER MY HAND AND SEAL OF OFFICE this ~day of September, 1988. My commission expires: ~~~~~~.J Notary b'lic in and for the State of Texas 0;4A/v ~~~<'::- (PRIÐTED NAME OF NOTARY] ~r~ \ \ t' . \) \ / ¡ 1'1 \ ,\ ') \ t\ I' ! \ \ \ " , City of North Richland Hills/Recreational Services, Ltd. Personal Services Management Agreement Page 16 ..~ I' I I I I I I I I I I I I I I I I I I . .'" STATE OF TEXAS § § COUNTY OF DALLAS § ,. BEFORE ME, the undersigned authority, a Notary Public in and for the state of Texas, on this day personally appeared MARTIN J. STREIFF, President of RECREATIONAL SERVICES, INC., which is the General Partner of RECREATIONAL SERVICES, LTD., a partnership, known to me to be the person whose name is subscr ibed to the foregoing instrument, and aSfnowledged to me that he executed the same for the purposes and consideration therein expressed, in the capacity therein stated, and as the act and deed of said partner- ship. GIVEN UNDER MY HAND AND SEAL OF OFFICE this ~, day of September, 1988. My commission expires: Notary P ic in and,. for \ the state of Texas"!.! j\.\)\ . . . ,) ",.,.-' 0 · - ".' :,' I ì \ \ L?//!./~ ~/!!t2,& , [PRINT D NAME OF NOTARY] 1~~9~ la\WP\RSL\PERSERMA city of North Richland Hills/Recreational Services, Ltd. Personal Services Management Agreement Page 17 CITY OF NORTH RICHLAND HILLS Department: Economic Development 9/20/88 - Council Meeting Date: Subject: Approval of Construction Supervision Contract with Recreat1ona~ Serv1ces L1m1tea. Resolution No. 88-36 GN 88-81 Agenda Number: Attached is the proposed contract with Recreational Services Limited for the superv1s1on of design and construction of the golf course. The details conform to the proposal by Recreational Services Limited submitted earlier. RECOMMENDATION: Approve Resolution No. 88-36 allowing supervision of design and construction by Recreational Services Limited. Source of Funds: Bonds (GO/Rev.) Operating Budget Other tí Finance Review Acct. Number Sufficient Funds Available ;eft~ , ~ City Manager . Finance Director C!TY r:~'}:"·'C!~" :~ r;T.T0f·.' !T.'::~4 -.-....-.-------.-.--. .--- I I I I I I I I I I I I I I I I I I I , ,"' " RESOLUTION NO. 88-36 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF NORTH RICHLANO HILLS, TEXAS, that: 1. The Mayor be, and is hereby, authorized to execute the attached contract with Recreational Services Limited as the act and deed of the City. PASSED AND APPROVED this 20th day of September, 1988. ATTEST: APPROVED AS TO FORM AND LEGALITY: ~ ~Ä~ Attorney for the City _. U f l- Ie I I I I I I I I{ I I I I I I Ie I I MINUTES OF THE REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF NORTH RICHLAND HILLS, TEXAS, HELD IN THE CITY HALL, 7301 NORTHEAST lOOP 820 - OCTOBER 10, 1988 - 7:30 P.M. 1. CALL TO ORDER Present: Mayor Brown called the meeting to order October 2. ROLL CAll Tommy Brown Mayor Lyle Welch Councilman Mack Garvin Councilman Frank Metts, Jr. Councilman Virginia Moody Councilw an Byron Sibbet Counci an Linda Spurlock Coun lwoman Staff: Rodger N. Line City Manager Dennis Horva Senior Assistant City Manager Patricia H son Assi.stant City Secretary Rex McEn re Attorney Richar Albin Cit~ Engineer A ent: ichard Davis Jeanette Rewis Mayor Pro Tern City Secretary .3. INVOCATION ounci~man Welch gave the invocation. 4. MINUTES OF THE SPECIAL MEETING SEPTEMBER 20, 1988 APPROVED Councilman Garvin moved, seconded by Councilman Metts, to approve the minutes of the September 20, 1988 Special Meeting. Motion carried 4-0; Councilwomen Moody and Spurlock abstaining due to absence from the meeting. 5. MINUTES OF THE'REGUlAR MEETING SEPTEMBER 26 APPROVED Councilman Garvin move ed by Councilman Sibbet. to approve the ~ ember 26. 1988 meeting. I I( I I I I I I I I( I I I I I I Ie I I September 20, 1988 Page 4 Mr. Streiff replied no. Motion, with changes as noted, carried 5-0. 7. GN 88-81 APPROVAL OF CONSTRUCTION SUPERVISION CONTRACT WITH RECREATIONAL SERVICES LIMITED _ RESOLUTION NO. 88-36 APPROVED Mayor Pro Tern Davis moved, seconded by Councilman Garvin, to approve Resolution No. 88-36. Mayor Pro Tern Davis referred to Item 7(c) - Full Time Site Superintendent and Inspector - and asked if that had been budgeted for. . Mr. Sanford stated that was a part of Recreational Services Limited's proposal. Motion carried 5-0. 8. ADJOURNMENT Mayor Brown adjourned the meeting. ATTEST: I(~ I I I I I I I I I I I I I I I I I I ~, -) . "'. f. ... STATE OF TEXAS COUNTY OF TARRANT CONTRACT FOR SERVICES ~ . .. WHEREAS, the City of North Richland Hills, Texas (hereinafter called City is desirous of building a daily fee golf course pursuant to plans and specifications heing developed by Dick Phelps under a contract of 12 September 1988; and WHEREAS, The City desires to engage the professional services of Recreational Services Limited and in particular its principal Martin Streiff to oV~rsee and supervise the design and construction of said golf course; and WHEREAS, Recreational Services has expertise in this field and ' is willing to enter into this agreement. NOW, THEREFORE KNOW ALL MEN BY THESE PRESENTS that the City does hereby engage the professional services of Recreational Services Limited in connection with the construction of the proposed golf course. The parties agree as follows: 1. That Recreational Services Limited shall act as independent contractor, and not as an employee, in supervising the construction of subject golf course. 2. That Recreational Services Limited will coordinate its activities with the activities of the architect in order to facilitate the completion of plans and specifications and will provide bid documents in order to seek bids for construction of each phase of the, golf course. Ii I I I I I I I I I I I I I I I I I I ","I;¡t) 'I .... 3. That Recreational Services Limited will seek ou~ exþ~rienced bidders and request them to bid on the various phases of the golf course construction and will provide its expertise in advising the City Council on acceptance of ~ids and bidders. Recreational Services Limited will further advise the City with respect to minimum qualifications of bidders in preparation of documents prescribing requirements for bidders. 4. The supervision of construction embraced by this contract contemplates reasonable on site supervision. The City agrees to give Recreational Services Limited reasonable notice if at any time during construction it is dissatisfied with the nature of on site supervision provided. Recreational Services Limited agrees to perform its duties in a good and workmanlike manner. In the event that the City is dissatisfied with the performance by Recreational Services Limited it agrees to give Recreational Services Limited 30 days notice of its complaints and R~creational Services Limited shall be obligated to correct the'deficiencies, if any, during such period. The City,shall have the right to cancel this agreement if Recreational Services Limited fails to perform in a good and workmanlike manner after the notice set out above. 5. The City agrees to fully cooperate with Recreational Services Limited in preparation of bid documents and the City will pay for all bidding expenses including but not limited to publication and -2- I" .,,'~ ... '. · .~ . . I"{ 1 I I 1 1 1 1 1 I 1 I I 1 1 I 1 1 1 promulgation of notices and dissemination of bid documents. The parties recognize that the project which is the subject matter of this agreement is a public works project and that bidding ånd payment procedures will be governed by the laws which deal with public works projects. I] 6. The City agrees to pay for the construction of the golf course in its entirety including all architect and engineering fees, construction costs, and other incidental costs connected with construction of the subject golf course. 7. The City agrees to pay to Recreational Services Limited for its professional services rendered pursuant to their contract as follows: a. The sum of $5,000.00 on the 1st day of October, 1988, with a like sum to be paid on the same day of each month thereafter until the day the golf course opens for public play. b. All reasonable out of pocket expenses paid on behalf of the City by Recreational Services Limited. Expenses shall not include t travel expenses to and from the golf course or any other travel expense unless the travel is approved in advance by the City Manager. Expenses shall not include general overhead of Recreational Services Limited involving labor, rent, telephone and related general expenses of Recreational Services Limited. c. The Sum of $3,500.00 per month for the services of a full time site superintendent and inspector who will begin his work at "~3- I: .. .f/': '. · (I - " .. 1 I I 1 1 1 1 I 1 I I I I 1 1 I I 1 about three months from the time the initial work on the golf course is commenced. WITNESS our hands this ~~ ATTEST: -', day of ~~A:) , 1988. City (] by: Texas R -4-