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HomeMy WebLinkAbout134-01 RESOLUTION• • RESOLUTION NO. 134-01 A RESOLUTION TO APPROVE A CONTRACT WITH WHM LAND INVESTMENTS, INC. CONCERNING PAYMENT FOR A PORTION OF THE COST OF EXTENDING RUPPLE ROAD FROM WEDINGTON ROAD TO PERSIMMON WHEREAS, the City of Fayetteville has agreed to extend and construct Rupple Road (designated on the Master Street Plan as an Arterial) from Wedington Road south to Persimmon as a standard city street; and WHEREAS, WHM Land Investments, Inc. has agreed to pay $176,724.25 toward its share to make this a four -lane road if necessary within the next six years. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. That the City Council of the City of Fayetteville, Arkansas approves the Contractual Agreement between the City and WHM Land Investments, Inc. and authorizes the Mayor to sign said Contract. PASSED and APPROVED this the 2nd day of October, 2001. By: H ather Woodruff, City Cler APPROVED: By: /2/f £d4 . DAN COODY, May NAME OF FILE: CROSS REFERENCE: • Resolution No. 134-01 o 10/02/01 Resolution No. 134-01 10/10/01 Contractual Agreement with WHM Land Investments, Inc. 10/03/01 Certificate of Authority and Special Power of Attorney 09/21/01 Memo to Mayor Coody and City Council from Hugh Earnest regarding the Contractual Agreement 09/10/01 Memo to Fay. Planning Commission from Tim Conklin, City Planner, thru Hugh Earnest, Urban Dev. Director, Kit Williams, City Attorney 10/01/01 Staff Review Form 10/11/01 Memo to Tim Conklin, City Planner, from Heather Woodruff, City Clerk NOTES: • 1 RESOLUTION NO. A RESOLUTION TO APPROVE A CONTRACT WITH WHM LAND INVESTMENTS, INC. CONCERNING PAYMENT FOR A PORTION OF THE COST OF EXTENDING RUPPLE ROAD FROM WEDINGTON ROAD TO PERSIMMON WHEREAS, the City of Fayetteville has agreed to extend and construct Rupple Road (designated on the Master Street Plan as an Arterial) from Wedington Road south to Persimmon as a standard city street; and WHEREAS, WHM Land Investments, Inc. has agreed to pay $176,724.25 toward its share to make this a four -lane road if necessary within the next six years. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. That the City Council of the City of Fayetteville, Arkansas approves the Contractual Agreement between the City and WHM Land Investments, Inc. and authorizes the Mayor to sign said Contract. PASSED and APPROVED this the 2nd day of October, 2001. APPROVED: By: DAN COODY, Mayor ATTEST: By: Heather Woodruff, City Clerk • • Ra.. /3.0/ CONTRACTUAL AGREEMENT This Agreement, made and entered into this �,"day of October, 2001, by and between the City of Fayetteville, Arkansas, (hereinafter called "City") and WHM Land Investments, Inc. (hereinafter called "WHM"), WITNESSETH: WHEREAS, on September 10, 2001 the City Planning Commission approved the final plat of WHM, located at City Atlas Page 439, but referred the establishment of an impact fee to the City Council for its approval. WHEREAS, WHM desires to have an executed agreement formalizing the current understanding before transferring Tract 5 to the City. NOW, THEREFORE, the City and WHM agree as follows: 1. The City has agreed to build Rupple Road, classified as a minor arterial, in order to provide access to the proposed Fayetteville Boys and Girls Club. WHM shall pay, based on the rational nexus formula, an impact fee for a proportionate share of the cost of Rupple Road as a Minor Arterial. Based on the formula, the applicant shall be assessed $176,724.25 for a road impact fee. The impact fee was based on the projected future residential development of Tracts 3 & 7 that shall be using Rupple Road. At the time the Boys and Girls Club meet all requirements to obtain the Reynolds grant, WHM shall pay the entire $176,724.25 if the City Council approves and completes construction of Rupple Road as a four (4) lane street with curbs, gutters, and storm sewer. If the City Council approves construction of a two (2) lane street with plans for future widening, then at the time the Boys and Girls Club meet all requirements to obtain the Reynolds grant, WHM shall: a) Pay to the City $100,000.00 (non-refundable, not dependant on any development of vacant lots), b) Provide the City an irrevocable letter of credit in the amount of $76,724.25 with additional principal to be added each year based on the increase in the Consumer Price Index during the previous calendar year, as quoted in the Wall Street Journal on January 2 of the previous year and the year of the increase. Such letter of credit shall run fora term of six (6) years from date of when all conditions are met for the Fayetteville Boys and Girls Club to obtain the Reynolds grant and shall be due upon the City completing the widening of Rupple Road to four (4) lanes with curbs, gutters, and storm co Ag WI • /Z /3v-0/ CONTRACTUAL AGREEMENTlirC1 as ED This Agreement, made and entered into this 10 da of October, 2001, by and between the City of Fayetteville, Arkansas, (hereinafter called "City") and WHM Land Investments, Inc. (hereinafter called "WHM"), WITNESSETH: WHEREAS, on September 10, 2001 the City Planning Commission approved the final plat of WHM, located at City Atlas Page 439, but referred the establishment of an impact fee to the City Council for its approval. WHEREAS, WHM desires to have an executed agreement formalizing the current understanding before transferring Tract 5 to the City. NOW, THEREFORE, the City and WHM agree as follows: 1. The City has agreed to build Rupple Road, classified as a minor arterial, in order to provide access to the proposed Fayetteville Boys and Girls Club. WHM shall pay, based on the rational nexus formula, an impact fee for a proportionate share of the cost of Rupple Road as a Minor Arterial. Based on the formula, the applicant shall be assessed $176,724.25 for a road impact fee. The impact fee was based on the projected future residential development of Tracts 3 & 7 that shall be using Rupple Road. At the time the Boys and Girls Club meet all requirements to obtain the Reynolds grant, WHM shall pay the entire $176,724.25 if the City Council approves and completes construction of Rupple Road as a four (4) lane street with curbs, gutters, and storm sewer. if the City Council approves construction of a two (2) lane street with plans for future widening, then at the time the Boys and Girls Club meet all requirements to obtain the Reynolds grant, WHM shall: a) Pay to the City $100,000.00 (non-refundable, not dependant on any development of vacant lots), b) Provide the City an irrevocable letter of credit in the amount of $76,724.25 with additional principal to be added each year based on the increase in the Consumer Price Index during the previous calendar year, as quoted in the Wall Street Journal on January 2 of the previous year and the year of the increase. Such letter of credit shall run for a term of six (6) years from date of when all conditions are met for the Fayetteville Boys and Girls Club to obtain the Reynolds grant and shall be due upon the City completing the widening of Rupple Road to four (4) lanes with curbs, gutters, and storm 0 • CONTRACTUAL AGREEMENT PAGE 2 OF 3 PAGES sewer. In the event, Rupple Road is not improved to such standards within six (6) years, the letter of credit shall expire. c) The irrevocable letter of credit shall be Issued for a one year period at the beginning of each twelve (12) month fiscal period during the six (6) year term. 2. The projected future development of Tracts 3 & 7 are 81 single family units, 28 duplex units, and 260 apartment units. If during the six year period indicated above a development is approved by the Planning Commission in excess of any of the above indicated units WHM shall pay an additional impact fee for each unit in excess of the above as follows: a) For each excess single family unit $231.30 in cash and a letter of credit for $154.20, total being $385.50. The total amount will be paid in cash if Rupple Road has been completed as a four (4) lane road with curbs, gutters, and storm sewers. b) For each excess duplex unit $141.64 in cash and a letter of credit for $94.43, total being $236.07. The total amount will be paid in cash if Rupple Road has been completed as a four (4) lane road with curbs, gutters, and storm sewers. c) For each excess apartment unit $320.51 in cash and a letter of credit for $213.67, total being $534.18. The total amount will be paid in cash if Rupple Road has been completed as a four (4) lane road with curbs, gutters, and storm sewers. The cash impact fee and letter of credit shall be delivered upon the Planning Commission approving the final plat or large scale development. Any letters of credit received during the six (6) year period from the date the Boys and Girls Club meet all requirements, shall be returned back to WHM if the road is not widened to four (4) lanes with curbs, gutters, and storm sewers during the six (6) year period. If after the six (6) year period WHM presents a preliminary plat to the Planning Commission in excess of the projected units, WHM shall pay an additional impact fee for each unit in excess of the projections based on whether or not Rupple Road is completed at that time as a four (4) lane road, with curbs, gutters and storm sewer. If completed, the total amount indicated above shall be paid for each excess unit. If not complete, the cash amount indicated above shall be paid for each excess unit. CONTRACTUAL AGREEMENT PAGE3OF3PAGES If during the six (6) year period indicated above WHM has a final plat approved for less than the projected units indicated above the $76,724.25 letter of credit shall be reduced for each unit less than the projected units indicated above. WHM shall receive a reduction for each unit less as follows: a) For each less unit of single family in tract 7, a reduction in the letter of credit of $154.20. b) For each less unit of duplex in tract 7, a reduction in the letter of credit of $94.43. c) For each less unit of apartments in tract 3, a reduction in the letter of credit of $213.67. 3. Upon the Boys and Girls Club meeting all requirements to obtain the Reynolds grant, all on-site and off-site improvements and fees, for any development by WHM, or its assigns, within the approved final plat area shall be based upon the above provisions and terms. The above provisions and terms will apply to WHM and any subsequent assigns. In consideration forthis Agreement by the City, WHM shall deed Tract 5 to the City. 4. In the event the Boys and Girls Club fails to meet all requirements to obtain the Reynolds grant and is not constructed within the approved final plat area, all on-site and off-site improvements and fees for any development on tracts within the approved final plat area shall be based on current ordinance requirements at the time of development approval. Also, the City shall deed Tract 5 back to WHM. IN AGREEMENT WITH ALL THE TERMS AND CONDITIONS ABOVE, WE SIGN BELOW: CITY OF FAYETTEVILLE By: Dan Goody, Mayor By. jil Heather oodruff, City C rk WHM LAND INVESTMENTS, INC. B d:lmyfiieslcopylmcilroyfyc. ca • CERTIFICATE OF AUTHORITY AND SPECIAL POWER OF ATTORNEY • 1LLD OR RECORD OCT 9 PM 1 56 WASHiNLiui GO: d( B. STAMPS TO WHOM IT MAY CONCERN: Comes now the undersigned, Hayden Mcllroy as President of WHM Land Investments, Inc., and does hereby appoint and designate Deborah K. Sexton, as the true and lawful attorney in fact and agent (subsequently called agent), to serve and to sign documents, for and in the name, place, and stead, and for the use and benefit of the corporation, to endorse checks, drafts, execute agreements, contracts, warranty deeds, promissory notes, mortgages, security agreements, assignments of rents and leases, indemnity agreements, borrower's certificates, financing statements, deeding of title, or other written documents binding the corporation in the negotiations and transactions with the City of Fayetteville and the Fayetteville Boys & Girls Club. The rights, powers, and authority of the agent, Deborah K. Sexton, to exercise any and all of the rights and powers herein granted shall remain in full force until October 25, 2001. After such date this power of attorney shall terminate, and thereafter be null, void, and of no effect whatsoever. This power of attorney may be executed in counterparts, each of which shall be deemed to be an original and all of which, when taken together, shall constitute one instrument. IN WITNESS WHEREOF, I have hereunto subscribed my name on the r day of October, 2001. 2001126596 • CERTIFICATE OF AUTHORITY AND SPECIAL POWER OF ATTORNEY OF WHM LAND INVESTMENTS, INC, PAGE 2 OF 2 PAGES ATTEST: elinda Mcllroy, Secretary STATE OF ARKANSAS COUNTY OF WASHINGTON WHM LAND INVESTMENTS, INC. B /� ' a /den Mcllroy, President BE IT REMEMBERED, on this day came before the undersigned Notary Public within and for the County aforesaid, duly commissioned and acting, Hayden Mcllroy and Melinda Mcllroy, in their capacity as President and Secretary of WHM Land Investments, Inc., appearing in person to me, who stated that they had executed and delivered the above and foregoing document for the consideration, uses and purposes therein mentioned and set forth. WITNESS my hand and seal as such Notary Pu • this 3' day of Ober, 2001 MY COMMISSION EXPIRES:� f 1—OS^2c / d:lmyfileslcopylmcilroyspecia1103.poa 2001126597 • • 4S. /3'9-0l CONTRACTUAL AGREEMENT PAGE 2 OF 3 PAGES sewer. In the event, Rupple Road is not improved to such standards within six (6) years, the letter of credit shall expire. c) The irrevocable letter of credit shall be issued for a one year period at the beginning of each twelve (12) month fiscal period during the six (6) year term. 2. The projected future development of Tracts 3 & 7 are 81 single family units, 28 duplex units, and 260 apartment units. If during the six year period indicated above a development is approved by the Planning Commission in excess of any of the above indicated units WHM shall pay an additional impact fee for each unit in excess of the above as follows: a) For each excess single family unit $231.30 in cash and a letter of credit for $154.20, total being $385.50. The total amount will be paid in cash if Rupple Road has been completed as a four (4) lane road with curbs, gutters, and storm sewers. b) For each excess duplex unit $141.64 in cash and a letter of credit for $94.43, total being $236.07. The total amount will be paid in cash if Rupple Road has been completed as a four (4) lane road with curbs, gutters, and storm sewers. c) For each excess apartment unit $320.51 in cash and a letter of credit for $213.67, total being $534.18. The total amount will be paid in cash if Rupple Road has been completed as a four (4) lane road with curbs, gutters, and storm sewers. The cash impact fee and letter of credit shall be delivered upon the Planning Commission approving the final plat or large scale development. Any letters of credit received during the six (6) year period from the date the Boys and Girls Club meet all requirements, shall be returned back to WHM if the road is not widened to four (4) lanes with curbs, gutters, and storm sewers during the six (6) year period. If after the six (6) year period WHM presents a preliminary plat to the Planning Commission in excess of the projected units, WHM shall pay an additional impact fee for each unit in excess of the projections based on whether or not Rupple Road is completed at that time as a four (4) lane road, with curbs, gutters and storm sewer. If completed, the total amount indicated above shall be paid for each excess unit. If not complete, the cash amount indicated above shall be paid for each excess unit. • • CONTRACTUAL AGREEMENT PAGE 3 OF 3 PAGES 45./34-0/ If during the six (6) year period indicated above WHM has a final plat approved for less than the projected units indicated above the $76,724.25 letter of credit shall be reduced for each unit less than the projected units indicated above. WHM shall receive a reduction for each unit less as follows: a) For each less unit of single family in tract 7, a reduction in the letter of credit of $154.20. b) For each Tess unit of duplex in tract 7, a reduction in the letter of credit of $94.43. c) For each less unit of apartments in tract 3, a reduction in the letter of credit of $213.67. 3. Upon the Boys and Girls Club meeting all requirements to obtain the Reynolds grant, all on-site and off-site improvements and fees, for any development by WHM, or its assigns, within the approved final plat area shall be based upon the above provisions and terms. The above provisions and terms will apply to WHM and any subsequent assigns. In consideration for this Agreement by the City, WHM shall deed Tract 5 to the City. 4. In the event the Boys and Girls Club fails to meet all requirements to obtain the Reynolds grant and is not constructed within the approved final plat area, all on-site and off-site improvements and fees for any development on tracts within the approved final plat area shall be based on current ordinance requirements at the time of development approval. Also, the City shall deed Tract 5 back to WHM. IN AGREEMENT WITH ALL THE TERMS AND CONDITIONS ABOVE, WE SIGN BELOW: CITY OF FAYETTEVILLE Dan Coody, ayor -",,Grid_s_.‘ eather Woodruff City C WHM LAND INVESTMENTS, INC. By: d amyfileslcopylmciJroyfyc. ca . • CONTRACTUAL AGREEMENT This Agreement, made and entered into this day of September, 2001, by and between the City of Fayetteville, Arkansas, (hereinafter called "City") and WHM Land Investments, Inc. (hereinafter called "WHM"), WITNESSETH: WHEREAS, on September 10, 2001 the City Planning Commission approved the final plat of WHM, located at City Atlas Page 439, but referred the establishment of an impact fee to the City Council for its approval. WHEREAS, WHM desires to have an executed agreement formalizing the current understanding before transferring Tract 5 to the City. NOW, THEREFORE, the City and WHM agree as follows: 1. The City has agreed to build Rupple Road, classified as a minor arterial, in order to provide access to the proposed Fayetteville Boys and Girls Club. WHM shall pay, based on the rational nexus formula, an impact fee for a proportionate share of the cost of Rupple Road as a Minor Arterial. Based on the formula, the applicant shall be assessed $176,724.25 for a road impact fee. The impact fee was based on the projected future residential development of Tracts 3 & 7 that shall be using Rupple Road. At the time the Boys and Girls Club meet all requirements to obtain the Reynolds grant, WHM shall pay the entire $176,724.25 if the City Council approves and completes construction of Rupple Road as a four (4) lane street with curbs, gutters, and storm sewer. If the City Council approves construction of a two (2) lane street with plans for future widening, then at the time the Boys and Girls Club meet all requirements to obtain the Reynolds grant, WHM shall: a) Pay to the City $100,000.00 (non-refundable, not dependant on any development of vacant lots), b) Provide the City a letter of credit in the amount of $76,724.25 with additional principal to be added each year based on the increase in the Consumer Price Index during the previous calendar year, as quoted in the Wall Street Journal on January 2 of the previous year and the year of the increase. Such letter of credit shall run for a term of six (6) years from date of when all conditions are met for the Fayetteville Boys and Girls Club to • • CONTRACTUAL AGREEMENT PAGE 2 OF 3 PAGES obtain the Reynolds grant and shall be due upon the City completing the widening of Rupple Road to four (4) lanes with curbs, gutters, and storm sewer. In the event, Rupple Road is not improved to such standards within six (6) years, the letter of credit shall expire. 2. The projected future development of Tracts 3 & 7 are 81 single family units, 28 duplex units, and 260 apartment units. If during the six year period indicated above a development is approved by the Planning Commission in excess of any of the above indicated units WHM shall pay an additional impact fee for each unit in excess of the above as follows: a) For each excess single family unit $231.30 in cash and a letter of credit for $154.20, total being $385.50. The total amount will be paid in cash if Rupple Road has been completed as a four (4) lane road with curbs, gutters, and storm sewers. b) For each excess duplex unit $141.64 in cash and a letter of credit for $94.43, total being $236.07. The total amount will be paid in cash if Rupple Road has been completed as a four (4) lane road with curbs, gutters, and storm sewers. c) For each excess apartment unit $320.51 in cash and a letter of credit for $213.67, total being $534.18. The total amount will be paid in cash if Rupple Road has been completed as a four (4) lane road with curbs, gutters, and storm sewers. The cash impact fee and letter of credit shall be delivered upon the Planning Commission approving the final plat or large scale development. Any letters of credit received during the six (6) year period from the date the Boys and Girls Club meet all requirements, shall be returned back to WHM if the road is not widened to four (4) lanes with curbs, gutters, and storm sewers during the six (6) year period. If after the six (6) year period WHM presents a preliminary plat to the Planning Commission in excess of the projected units, WHM shall pay an additional impact fee for each unit in excess of the projections based on whether or not Rupple Road is completed at that time as a four (4) lane road, with curbs, gutters and storm sewer. If completed, the total amount indicated above shall be paid for each excess unit. If not complete, the cash amount indicated above shall be paid for each excess unit. If during the six (6) year period indicated above WHM has a final plat approved for less than the projected units indicated above the $76,724.25 letter of credit shall be reduced for each unit less than the projected units indicated above. • • CONTRACTUAL AGREEMENT PAGE 3 OF 3 PAGES WHM shall receive a reduction for each unit less as follows: a) For each less unit of single family in tract 7, a reduction in the letter of credit of $154.20. b) For each less unit of duplex in tract 7, a reduction in the letter of credit of $94.43. c) For each less unit of apartments in tract 3, a reduction in the letter of credit of $213.67. 3. Upon the Boys and Girls Club meeting all requirements to obtain the Reynolds grant, all on-site and off-site improvements and fees, for any development by WHM, or its assigns, within the approved final plat area shall be based upon the above provisions and terms. The above provisions and terms will apply to WHM and any subsequent assigns. In consideration for this Agreement by the City, WHM shall deed Tract 5 to the City. 4. In the event the Boys and Girls Club fails to meet all requirements to obtain the Reynolds grant and is not constructed within the approved final plat area, all on-site and off-site improvements and fees for any development on tracts within the approved final plat area shall be based on current ordinance requirements at the time of development approval. Also, the City shall deed Tract 5 back to WHM, IN AGREEMENT WITH ALL THE TERMS AND CONDITIONS ABOVE, WE SIGN BELOW: CITY OF FAYETTEVILLE By: Dan Coody, Mayor By: Heather Woodruff, City Clerk WHM LAND INVESTMENTS, INC. By: Hayden Mcllroy damyfileslcopylmcilroyfyc.ca AMENDMENT TO CONTRACTUAL AGREEMENT CONCERNING LETTER OF CREDIT AND RUPPLE ROAD CONSTRUCTION This amendment to the Contractual Agreement of October 10, 2001, by and between the City of Fayetteville and WHM Land Investments, Inc. (WHM), is entered into by and between the City of Fayetteville and the successors in title of WHM who are West Side Development Company, LLC (officers: Richard P. Alexander, Robert J. Merry -Ship and John Nock) and Markham Hill Development Company, LLC (same officers) (hereinafter referred to as "West Side Village") on .y of April, 2007. For and in consideration of the following promises and the boulevard construction, the City of Fayetteville and West Side Village agree as follows: 1. The irrevocable letter of credit provided to the City by WHM Land Investments, Inc. pursuant to the Contractual Agreement of October 10, 2001, shall be extended through September, 2009 under the same terms and conditions of the original contract except as follows: (a) The amount of the irrevocable letter of credit shall not increase for any increase of the Consumer Price Index after the January 2007 increase for 2006. (b) The City may collect this letter of credit if the City Council has approved and the Mayor has signed the construction contract for Rupple Road as a four lane boulevard north of Persimmon toward Wedington by September of 2009 as outlined in the February 12, 2007, letter from West Side Village to Mayor Dan id% A2 9 13 o 17 )",5117:01 0! 're'. VfleRiL? f.'1 ft) 1-1:171:1.! 311WMTIVo`i ) 15! ft 11 Qi 051 Si Cf./ 111 »i .1(0S. ..,J flIcr.,;(1 fe. jiIf.r,inilit;LIfnr; el,t; -/L1/ I ./f11 /1 !.411, /t!, 1*.! til !1-) ')01 fitr.) ^iv;r1 box. •id run! !.:,‘111...= .(7 ) ) It nur, i;11 Dlf; III 171`.,7tiltr+.1.1'XI ;XV', ijr;e: offrj1 .t Irij(.g 71 71' 'e•ri fr.irr,tyr fenr)ff:.,Ji <rrurpritc") rOk)!, 1,-) Li ird4J,h urdisfMtd r? J.41,101 i!e;`) bill: "tr) e. 'Ai )raf 1/11.• ftIAlf)!4) (II, If, Oe./(1 .;11::::"1.0.?'i :11'FI•Jt ‘)I1.! °OW: ,V,`)/;;4:.eq'.,4; f:Itwr.4ab v-,,!,•75vi PiU •!14"..ir AcitLi•rr-YrIf ww.p.zr, -driT f•tr;I:mgt v.A.1111e.:10.1.! Jtk /flu ) ) 44..A i?uo....!Loprio-j 1.0/ It r(.1 101 1).1;1 11,1(.3'f fyr(i 1iZPI!t* Jhf? (Tiil -):1; b'Jtd;1134) Coody and the City Council. This letter is attached hereto as Exhibit A. Payment of the Letter of Credit shall be due upon the City's Approval of the construction contract for the Rupple Boulevard section north of Persimmon. The City agrees that the construction contract shall provide that construction of the boulevard shall begin no later than ninety days after approval of the contract. 2. If the City has failed to approve the construction contract for the boulevard section of Rupple Road from Persimmon to Wedington by September 2009, West Side Village may terminate this Amendment to the Contractual Agreement upon ten days' written notice to the City of Fayetteville. In Agreement With All The Terms And Conditions Above, We Sign Below. CITY OF F YETTEVILLE By: AN COODY, Mayor WEST SIDE DEVELOPMENT CO., LLC. MARKHAM 1 • DEVELOPMENT CO., LLC. By: RIC RD P. ALEXANDER ATTEST: By: ,,,,rrrnrrrr�ySONDRA E. SMITH 4(.3.-6-ii �,ERW ,?Egs���,,G,City Cleric/Treasurer ▪ U•• • ▪ : FAYETf EVI LLE : a 9s,5, • :gKAt 5P•\ �ON�G... J11;.'r41 .tp4i Oil'', ?.n ()r'iad t.J3lij:[lili r['i2t' °.i) ;[}.UP).) /W.).''!1 hill' 11.v.4?-A1":teJlf';: :141 }t, i {' tCj�ii r ;3: ? ,ti, .Ei;r'}i Jlfi1 ",ri ei4;Ji2 1t };S 1y" r,” `1;.11 `1;.11 r ) :"Ji i' tr!Jrilf?Ir ;J, :fr1:g!! t[!!y' _';� !YEt, rlJffi.,}ggiitli :lit i fiif:a li. j^jrurar; Jird ` hi I('sff! I'.`:t'f! r)f!f ! r.p.,.i, r¢ .iJf 1t rjl D`J1 h, 1?(; nthu : f(I !'1i moi .7r' 3'i". liilibliill`!,±) 3r'1 ir41'0 ri.:0 r T/df1 rrpe 0. i'.!•.s;r4tiii)te brflP. r;e1'yy0 .f} r:nt)a'ti, 1t:,.i31.4-P;''to) :r131 rl1 .'r.lbr,4Atit r -t114 y3Eifnrnr.,t ran? , 3t fii i cif '"y ,% ,1:()i1t '(ft t'1111 rt 1:itt!i+r `E?ttrt';r f/,K;) Ci'ri s! !SIJ 1r':iis ?i!f li yf:' 4.71 ,')rr]rit -,Jtf!tttbr'•',r fpr err!>a. T. % ..it,! Iv ,tir ►!J A./.0 -V.} 1% tf, Ar..$; 441f,'i0.1..: f,la!-LI�}t 1 . t..4 4 .14 1:1:1,0 1 lie . 04 )O) '{ (1 n i 1;4 e: -:t }. relit ilf ','T,;' -k . P "F; ) u lfs�i `ii IN•, rzN'r, maned deel WEST SIDE VILLAGE A "NEW URBAN" DEVELOPMENT, FAYETTEVILLE, ARKANSAS Developers Richard Alexander Phone: 479.521.9188 Fax: 4-79.521.1889 11 N West Avenue Fayetteville, Arkansas 72701 ralexander@a amaregi.com Rob Merry -Ship Phone: 479.521.9188 Fax: 479.521.1889 11 N West Avenue Fayetteville, Arkansas 72701 rrnerry-ship@arnaregi.com John Nock Phone: 479.444.9750 Fax: 479.444.9775 Bank of America Plaza One East Center Street Suite #301 Fayetteville, Arkansas 72701 nock@nockinvestments.com ATTENTION: MAYOR DAN COODY AND CITY COUNCIL RE: PROPOSED WIDENING/BOULEVARD OF RUPPLE ROAD DATE: 2/12/2007 There has been much discussion about the planned widening of Rupple Road from the Rupple/Persimmon intersection northward to the Wedington/Rupple connection. As developers in the community and specifically the developers of "Westside Village", we are willing to assist however possible to create development solutions that are good for the long-term quality of life that Fayetteville is known for. As you are aware, we purchased 21.65 acres of land from WHM Investments in July, 2004 along Rupple Road just north of the Reynolds Boys and Girls Club. The parcel of land had a pre-existing agreement between the City of Fayetteville and the seller regarding road impact fees to be determined by the proposed number of units on the site. This agreement had a stated timeline of expiration that is set to expire in 2007. Now, as the area is experiencing the development of multiple residential neighborhoods, the opening of Owl Creek School, a new fire station, and the fully functioning Boys and Girls Club, the need is fast approaching to widen the two lane stretch of Rupple Road between Wedington Road and Persimmon. In recent Ward 4 meetings and other public forums, citizens have weighed in on the proposed widening of the road and have overwhelmingly supported the idea that the road not only be widened, but also be built to the standards of other recently completed sections of Rupple Road that contained a full boulevard design. The boulevard design appropriately addresses the issues of child safety and pedestrian access that are of a paramount concern in this urban setting. The boulevard design also corresponds to the 2025 plan as advocated by the City of Fayetteville. Pursuant to recent requests by members of the Mayor's staff and specifically Alderman Jordan regarding extending the timeline for the developer's road impact fee, we, as a development team, have elected to extend the current amount stated on the letter of credit to September 2009. This extension shall be anted upon the agreement that the City will widen the specified section of R pple Rs as a four lane boulevard and built within the September 2009 ti t. feline. est Side Village Development • • L`i) FOR RECORD CERTIFICATE OF AUTHORITY 01 OCT 9 PIT1 1 56 AND SPECIAL POWER OF ATTORNEY WASHINt.iiuN CO AR B. STAMPS TO WHOM IT MAY CONCERN: Comes now the undersigned, Hayden Mcllroy as President of WHM Land Investments, Inc., and does hereby appoint and designate Deborah K. Sexton, as the true and lawful attorney in fact and agent (subsequently called agent), to serve and to sign documents, for and in the name, place, and stead, and for the use and benefit of the corporation, to endorse checks, drafts, execute agreements, contracts, warranty deeds, promissory notes, mortgages, security agreements, assignments of rents and leases, indemnity agreements, borrower's certificates, financing statements, deeding of title, or other written documents binding the corporation in the negotiations and transactions with the City of Fayetteville and the Fayetteville Boys & Girls Club. The rights, powers, and authority of the agent, Deborah K. Sexton, to exercise any and all of the rights and powers herein granted shall remain in full force until October 25, 2001. After such date this power of attorney shall terminate, and thereafter be null, void, and of no effect whatsoever. This power of attorney may be executed in counterparts, each of which shall be deemed to be an original and all of which, when taken together, shall constitute one instrument. IN WITNESS WHEREOF, I have hereunto subscribed my name on the 3nd day of October, 2001. 2001126596 C AL Sp J • CERTIFICATE OF AUTHORITY AND SPECIAL POWER OF ATTORNEY OF WHM LAND INVESTMENTS, INC. PAGE 2 OF 2 PAGES ATTEST: Melinda Mcllroy, Secretary STATE OF ARKANSAS } } ss. COUNTY OF WASHINGTON } WHM LAND INVESTMENTS, INC. Mcllroy, President BE IT REMEMBERED, on this day came before the undersigned Notary Public within and for the County aforesaid, duly commissioned and acting, Hayden Mcllroy and Melinda Mcllroy, in their capacity as President and Secretary of WHM Land Investments, Inc., appearing in person to me, who stated that they had executed and delivered the above and foregoing document for the consideration, uses and purposes therein mentioned and set forth. WITNESS my hand and seal as such Notary Pu MY COMMISSION EXPIRES: f/ -o5 za c, this 3rd day of ber, 2001. ,.... - seM DAWN LAIRD N ,my Pudic - Mcanaas WASHINGTON COUNTY My Commwbn Expires 11.05-2006 d:\myfiieslcopy\mcilroyspecjailo3.poa 2001126597 FAYETTEV&LE • THE CITY OF FAYETTEVILLE, ARKANSAS Date: September 21, 2001 To: The Mayor and Council From: Hugh Earnest, Urban Development Director Tim Conklin, City Planner Subject: Contractual Agreement Background The Fayetteville Planning Commission, in March of this year, had set a number of conditions and requirements as part of their deliberations relative to a preliminary plat covering properties owned by WHM Investments. The property in question is adjacent to the Rupple road extension to serve the new location of the Fayetteville Boys and Girls Club. One of the conditions was that the applicant would file a final plat covering the properties in question. Filing of this plat would enable the City to complete the acquisition of all parcels needed at their new site. However, it became apparent several months later that the applicant was dissatisfied with the terms and conditions required of him by the Planning Commission. In order to move this important project along, discussions were initiated with several attorneys' representing Mr. Mcllroy's interests. Current Situation On September 10, the Fayetteville Planning Commission heard the request for approval of the final plat from the applicant. The terms and conditions proposed by the staff are attached to this memo. The Commission, after some debate, granted the final plat after deletion of items 7 and 8. Both of the items that were deleted dealt with language setting up a mechanism to equitably assess a formula by which the applicant would assist in the construction of Rupple Road. The formula is predicated on use of a rational nexus formula between build out of the respective properties owned by Mr. McIlroy and impact on the proposed road. We have also attached to this memo a copy of the calculations used by our engineering department in developing the solution to this particular issue of public -private partnership. The Planning Commission, while generally supportive of this 113 WEST MOUNTAIN 72701 501 521-7700 FAX 501 575-8257 approach, determined that this type of financial relationship between parties requires a contract between the city and the applicant. It was for that reason that items 7 and 8 were deleted from the final plat. Recommendation We have prepared a contract incorporating the terms and conditions that have been agreed to by both parties. Approval of this contract will complete the discussions with Mr. Mcllroy and will enable the City to secure the last parcel that is needed in their site acquisition efforts. The city attorney has approved the contract as to form and substance. A number of key city staff participated in these negotiations and this contract comes to you with their endorsement. • • FAYETTEVILLE THE CITY OF FAYETTEVILLE, ARKANSAS 113 W. Mountain St. Fayetteville, AR 72701 TO: Fayetteville Planning Commission FROM: Tim Conklin, City Planner THRU: Hugh Earnest, Urban Development Director Kit Williams, City Attorney DATE: September 10, 2001 FP 0I-07.00 Page I FPL 01-7.00: Final Plat (WHM Investments, pp 439) was submitted by Mike Anderson of Engineering Design Associates on behalf of Hayden Mcllroy for property located on Rupple Road south of Wedington Drive. The property is zoned A-], Agricultural, R-1, Low Density Residential, R -1 .5, Moderate Density Residential, R-2, Medium Density Residential, C- 1, Neighborhood Commercial and contains approximately 90 acres with 7 lots proposed. Findings: The Planning Division required the subject property to be processed through the preliminary and final plat process in order to bring into compliance past lot splits that have not been approved through the required planning process and to allow for the subdivision of additional tracts. The initiation of this process was a result of the need to subdivide appropriate tracts that will be developed with the Fayetteville Boys and Girls Club. Furthermore, this final plat has been submitted in order to approve the sale of property to the Fayetteville Boys and Girls Club and the legal transfer of ownership to the City of Fayetteville. Tract 4 is currently owned by the Fayetteville Boys and Girls Club. Tract 6 is owned by the City of Fayetteville. Tracts 1,2,3,5 and 7 are owned by WHM Land Investments. Tracts 4, 5, and 6 are the future site of the Fayetteville Boys and Girls Club. Tract 5 will be given to the City to meet future Parks Land Dedication requirements for this property which has already been approved by the Planning Commission. Tract 6 has already been deeded to the City for a Parks Land Dedication requirement related to the Meadowlands Development. Pursuant to the Master Street plan 90 feet of right-of-way is being dedicated to the City for Rupple Road as well as 35 feet for Persimmon Street. The city is not recommending any public improvements as part of this subdivision due to past discussions and understandings with the former Administration and Street Committee. In order to honor the past discussions and understandings, the preliminary plat was approved varying the subdivision requirements with a finding by the Planning Commission that an undo hardship unique to this property does exists "that this project is in the best interest to the City, that due to the limited grant money it would be S FP 01-0 7.00 Page 2 an undo financial hardship to acquire these buildings due to the uniqueness of this project being funded by grant money, that it would make financial constraints." Recommendation: Approval by the full Planning Commission subject to the conditions listed below. Conditions of Approval: A minimum 25' wide utility easement shall be provided from Meadowlands Drive located in The Meadowlands, Phases I & I1, to the Rupple Road right-of-way. 2. At the time of development on Tract 7, the developer will be required to improve, build, or be assessed for the construction of half of Persimmon along the south boundary of Tract 7 based on current ordinances. 3. The final plat shall show the right-of-way dedication for Rupple Road, Wedington Drive and Persimmon Street as required by the Master Street Plan. Dedication of right-of-way on Wedington Drive shall be made by warranty deed to the City of Fayetteville. 4. A note shall be placed on the plat indicating that lots 1, 2, 3, & 7 may not use Rupple Road right-of-way for access until the street is completed. Fines may be accessed to the property owners by the City if damage to road work occurs prior to completion. The City will construct a haul road to the Fayetteville Boys and Girls Club prior to construction of Rupple Road. 5. Water will not be available to tracts 3, 4, 5, and 6 and sewer will not be available to tracts 3 and 4. Water and sewer shall be extended to these tracts at the time of development of each tract. The City will extend water to tract 4 from Meadowlands Subdivision. Sewer exists along the southern boundary of subdivision. At the time of development for each tract, the tract developer shall evaluate the existing water and sewer capacity and shall provide any upgrades or extensions if needed to serve each development. 6. All utilities shall be placed underground. Temporary overhead power may be installed to serve the Fayetteville Boys and Girls Club construction for a maximum period of 24 months from the date of final plat approval. 7. The City has agreed to build Rupple Road, classified as a minor arterial, in order to provide access to the proposed Fayetteville Boys and Girls Club. Staff is recommending the developer pay, based on the rational nexus formula, an impact fee for a proportionate share of the cost of Rupple Road as a Minor Arterial. Based on the formula, the applicant will be assessed $176,724.25 for a road impact fee. The impact fee was based on the projected future residential development of Tracts 3 & 7 that will be using Rupple Road. At the time the Boys and Girls Club meet all requirements to obtain the Reynolds grant, . O FP 01-07.00 Page 3 WHM Investments shall pay the entire $176,724.25 if the City Council approves construction of Rupple Road as a four lane street with curbs, gutters, and storm sewer. If the City Council approves construction of a 2 lane street with plans for future widening and at the time the Boys and Girls Club meet all requirements to obtain the Reynolds grant, the developer shall: a) Pay to the City $100,000.00 (non-refundable, not dependant on any development of vacant lots), b) Provide the City a letter of credit in the amount of $76,724.25 with additional principal to be added each year based on the increase in the Consumer Price Index during the previous calendar year, Such letter of credit will run for a term of six years from date of when all conditions are met for the Fayetteville Boys and Girls Club to obtain the Reynolds Grant and will be due upon the City completing the widening of Rupple Road to four lanes with curbs, gutters, and storm sewer. In the event, Rupple Road is not improved to such standards within six years, the letter of credit shall be allowed to expire. The projected future development of Tracts 3 & 7 are 81 single family units, 28 duplex units, and 260 apartment units: If during the six year period indicated above in condition #7 a development is approved by the Planning Commission in excess of any of the above indicated units the developer will pay an additional impact fee for each unit in excess of the above as follows: a) For each excess single family unit $231.30 in cash and a letter of credit for $154.20, total being $385.00. The total amount shall be paid if the road is four lanes. b) For each excess duplex unit $141.64 in cash and a letter of credit for $94.43, total being $236.07. The total amount shall be paid if the road is four lanes. c) For each excess apartment unit $320.51 in cash and a letter of credit for $213.67, total being 534.18. The total amount shall be paid if the road is four lanes. The cash impact fee and letter of credit will be delivered upon the Planning Commission approving the final plat or large scale development. Any letters of credit received during the six year period from the date the Boys and Girls Club meet all requirements, shall be returned back to the developer if the road is not widened to four lanes with curbs, gutters, and storm sewers during the six year period. If after the six year period the developer presents.a preliminary plat to the Planning Commission in excess of the projected units, the developer will pay an additional impact i FP 01-07.00 Page 4 fee for each unit in excess of the projections based on whether or not Rupple Road is completed at that time as a four lane road, with curbs, gutters and storm sewer. If completed, the total amount indicated above will be paid for each excess unit. If not complete, the cash amount indicated above will be paid for each excess unit. If during the six year period indicated above the developer has a final plat approved for less than the projected units indicated above the $76,724.25 letter of credit will be reduced for each unit less than the projected units indicated above. The developer will receive a reduction for each unit less as follows: a) For each less unit of single family in tract 7, a reduction in the letter of credit of $154.20. b) For each less unit of duplex in tract 7, a reduction in the letter of credit of $94.43. c)For each less unit of apartments in tract 3, a reduction in the letter of credit of $213.67. 9. Upon the Boys and Girls Club meeting all requirements to obtain the Reynolds grant, all on -site and off -site improvements for any development within this subdivision shall be based upon the above provisions and terms. The above provisions and terms will apply to WI -IM Investments and any subsequent assigns. 10: In the event the Boys and Girls Club fails to meet all requirements to obtain the Reynolds grant and is not constructed within this subdivision, all on -site and off -site improvements for any development on tracts within this subdivision shall be based on current ordinance requirements at the time of development approval. 11. Plat Review and Subdivision comments (to include written staff comments mailed to the applicant or his representative, and all comments from utility representatives - AR Western Gas, SWBT, Ozarks, SWEPCO, Cox Communications) Background: The Preliminary Plat was reviewed at the February 28, 2001 Technical Plat review and the March 15, 2001 Subdivision Committee meeting. The Final Plat was reviewed at the August 29, 2001 Technical Plat Review meeting and August 30, 200I Subdivision Committee meeting. s S FP 01-0 7.00 Page 5 Staff has recommended a revised condition of approval regarding the developers responsibilities related to Rupple Road based on the rational nexus formula and recommends this final plat be presented to the full Commission. INFRASTRUCTURE: a) Water. See Conditions of Approval. b) Sanitary sewer. Existing. c) Streets. See Conditions of Approval. d) Grading and Drainage. Not applicable for this project_ PLANNING COMMISSION ACTION: yes Required Approved Denied Date: Comments: CITY COUNCIL ACTION: Required Approved Denied Date: I I The "CONDITIONS OF APPROVAL", beginning on page one of this report, are accepted in total without exce tion by the entity requesting approval of this development item. i title 1 date • FPL 01-7.00 WHM One Mile View y�yr �Iy��(���./p��� I`.i 'I._+�.I.�.w�e....€ .:1 - ?. i -� 1-` hL4 R -S ! •. -r-: ;._'„1.. -r 2" , F _ Y ..,I `111 fiTV1•�i.,,i4 R��� L. •I -� � � I I ._ `K��"�' ./I «`v I�2 `, �b __�`>fr„ v i vI.IR•I ��_.-._...1--FWII'.»� .„„ ��fp-t-},:5 I.. I. I -.I i₹I i.I __I�•��' x,444 ---I R,:�-i '(.i'I:!- L �}, 5_.� i J t' ,' �• -- V 1- .•., "'12ti7�,.` i r� '..� 4 1`:.I I -{'.-,�".',r _ R3 2 o-,! . c 1.? A Y Lr".q� I tL 1/iCASi !i•R.S m5 `� �I i �A r 1 f I� r I''Til I'"•�a•¢I ' -. A f�_— _r -z ___1 I R -a j x°�' i. I 1 f II C I I F11 R 0.`R-0A•Y r i_.-. I j Rp I ! - I G, i ! f l C'21 ; / -- _ I %�z n ii�s—i I I Isa f� A_f l.' = L ! mot. <� 'I_ ! I R � R-2-- 2o°cc°, L -- -I p~ � f R.2 I� 3 l...i1..i ...r.. .1 .. .t .€ I...Jll t�{�!I! ! �!'i(! tR[I Hopi - — -^ — 1 - l �- c 1i 'o Subject Property 3If A- I l e I o 0 A-1 ° I a I c Overview Legend _ _ _ _ _ - Subject Property Boundary Master Street Plan �i FPL01-7.00 ' ., Planning Area Freeway/Expressway `cocc$ Overlay Distrid � ► Principal Arterial oc°nc� streets L _1 City Limits ��• Mina Arterial Plane Outside city • Cdledor Planning Commission Planned 00%, Historic cafedor September 10, 2001 FPL01-7 WHM Invest. Page 3.14 FPL01-7.00 Close Up View 2 1F7 R•a A -I Overview WHM A-1 `"-- I c I C4°} IllIIMIIfll c_e s R•2 1 - -- •••• .�u�mim�rt�ftT!fRl; I!!{Jll}!If�(�i Legend Subject Property Boundary Master Street Plan FPL01-7.00 -%— Planning Area y Freeway/Expressway o Overlay Dlstn °°°°°8 "%i.iaP Principal Arterial Streets L City Limits %.► Minor Arterial Existing Planned _ _1 E] Outside city ► CotleUw 00%, FistoricCollector 0 125250 500 750 1,000 1,250 Feet Planning Commission September 10. 2001 FPLOI-7 WHM Invest. Page 3.15 • • N N N J N (o i 01 W A O NO 0 (J1 O Cl DC!) cm v CD A O > v cn= d ' ca -o m 3 (D O CD Q' 0 '< • (D o - �N ! oa Nj 0an o v3 Co. — w N v k A CD x C) J 01 O A Ch O) US (o .d• O) W OD 0) (7 -1 (!1 N 0 O J CO J W co N W -1 N W N V CNi1 W 00 A UP ((0) 69 n g oo O ao O o O is, V in -I it -4 fA (D C..)_2. ( A N .« C) J A Q U1 - 40 O C) co 0) 0) N CoO N (D A Q) ( V co N Ui CI' -1 (A m V N • Mcllroy Summary of Trip Generation Calculation For 20 Dwelling Units of Apartments August 13, 2001 Average Standard Adjustment Driveway Rate Deviation Factor Volume Avg_ Weekday 2 -Way Volume 6.63 2.98 1.00 133 7-9 AM Peak Hour Enter 0.08 0.00 1.00 2 7-9 AM Peak Hour Exit 0.43 0.00 1.00 9 7-9 AM Peak Hour Total 0.51 0.73 1.00 10 4-6 PM Peak Hour Enter 0.42 0.00 1.00 8 4-6 PM Peak Hour Exit 0.20 0.00 1.00 4 4-6 PM Peak Hour Total 0.62 0.82 1.00 12 Saturday 2 -Way Volume 6.39 2.99 1.00 128 Saturday Peak Hour Enter 0.00 0.00 1.00 0 Saturday Peak Hour Exit 0.00 0.00 1.00 0 Saturday Peak Hour Total 0.52 0.74 1.00 10 Note: A zero indicates no data available. Source: Institute of Transportation Engineers Trip Generation, 6th Edition, 1997. TRIP GENERATION BY MICROTRANS • • • Mcllroy Summary of Trip Generation Calculation For 40 Dwelling Units of Residential Condominium / Townhouse August 13, 2001 Average Standard Adjustment Driveway Rate Deviation Factor Volume Avg. Weekday 2 -Way Volume 5.86 3.09 1.00 234 7-9 AM Peak Hour Enter 0.07 0.00 1.00 3 7-9 AM Peak Hour Exit 0.37 0.00 1.00 15 7-9 AM Peak Hour Total 0.44 0.69 1.00 18 4-6 PM Peak Hour Enter 0.36 0.00 1.00 14 4-6 PM Peak Hour Exit 0.18 0.00 1.00 7 4-6 PM Peak Hour Total 0.54 0.76 1.00 .22 Saturday 2 -Way Volume 5.67 3.10 1.00 227 Saturday Peak Hour Enter 0.25 0.00 1.00 10 Saturday Peak Hour Exit 0.22 0.00 1.00 9 Saturday Peak Hour Total 0.47 0.71 1.00 19 Note: A zero indicates no data available. Source: Institute of Transportation Engineers Trip Generation, 6th Edition, 1997. TRIP GENERATION BY MICROTRANS M • Mcllroy Summary of Trip Generation Calculation For 20 Dwelling Units of Single Family Detached Housing August 13, 2001 Average. Standard Adjustment Driveway Rate Deviation Factor Volume Avg. Weekday 2 -Way Volume 9.57 3.69 1.00 191 7-9 AM Peak Hour Enter 0.19 0.00 1.00 4 7-9 AM Peak Hour Exit 0.56 0.00 1.00 11 7-9 AM Peak Hour Total 0.75 0.90 1.00 15 4-6 PM Peak Hour Enter 0.65 0.00 1.00 13 4-6 PM Peak Hour Exit 0.36 0.00 1.00 7 4.6 PM Peak Hour Total 1.01 1.05 1.00 20 Saturday 2 -Way Volume 10.09 3.67 1.00 202 Saturday Peak Hour Enter 0.51 0.00 1.00 10 Saturday Peak Hour Exit 0.43 0.00 1.00 9 Saturday Peak Hour Total 0.94 0.99. 1.00 19 Note: A zero indicates no data available. Source: Institute of Transportation Engineers Trip Generation, 6th Edition, 1997. TRIP GENERATION BY MICROTRANS w lb COLLECTOR STREETS provide traffic circulation within residential, commercial, and industrial areas. They collect traffic from local or residential streets in neighborhoods and channel it into the arterial system. Connections between arterials should be indirect to discourage use by traffic from outside the neighborhood. In residential neighborhoods, frontage along collectors is discouraged; houses should front on local or residential streets. Design Service Volume: 4,000 vpd, 6,000 vpd with left turn bays Speed: 25-30 mph Traffic Lanes: Two 11' travel lanes, 10' turn bays where warranted Parking Lanes: Two lanes provided. None when turn bay exists Paved Width: 36' from back of curb Right of Way: At least 70' Multi -use trail: Two at least 6' wide, at least 10' from curb Tree Planting areas: Two, at least 10' wide Collector MINOR ARTERIAL STREETS connect higher functional class facilities, etc. Residential frontage is strongly discouraged. Access should be from perpendicular local or residential streets. Design Service Volume: 12,200 vpd, 14,800 vpd with left turn bays Speed: 35-40 mph Traffic Lanes: Four 12' travel lanes, 11' turn lanes possible at intersections Parking Lanes: None Paved Width: 52' from back of curb, 59' with turn lane Right of Way: At least 90' Multi -use Trail: Two at least 6' wide, at least 10' from curb Tree Planting Areas Two, at least 10' wide 90' -0"_H Minimum Minor Arterial I I I I I I L I I Fayetteville, Arkansas, • GENERAL PLAN 2020 • December 1995 109 0 • X Agenda Request Contract Review Grant Review STAFF REVIEW FORM For the Fayetteville City Council meeting of October 1, 2001. FROM: Tim Conklin Name Planning Division Public Works Department ACTION REQUESTED: To adopt a resolution authorizing the Mayor and City Clerk to execute the Rupple Road cost sharing contract with WHM Investments for the final plat(FPL 01-7.00) as approved by the Planning Commission.. - COST TO CITY: Cost of this request Account Number Project Number Category/Project Budget Funds used to date Remaining balance Category/Project Name Program Name Fund BT IEW: a�bsBudgeted Item R.1 L.B ci T 7, g get Adjustment Attached -2a_aj Budget Coordinator Administrative Services Director - CO RA CT /G T/LEASE REVIEW: A counti g Manager Date City A torney Date Purchasing Officer Date GRANTING AGENCY: ADA Coordin for Date Intern Auditor Date STAFF RECOMMENDATION: Staff recommends approval of this request. The Planning Commission unanimously voted 9-0-0 to forward this to the City Council. Division Hsed afitment Director �aef Date Admi 'strativ Service Date Di or l a or Date Cross Reference New Item: Yes No Prev Ord/Res#: Orig Contract Date: FA-YETTEVII,LE THE CITY OF FAYETTEVILLE, ARKANSAS DEPARTMENTAL CORRESPONDENCE To: Tim Conklin, Planning Director From: Heather Woodruff, City Clerk Date: October 11, 2001 Attached is the resolution approving the contract with WHM Land Investments. The original will be microfilmed and filed with the City Clerk. cc: Nancy Smith, Internal Audit 015 04 City of Fayetteville 3/19/2002 aintenance/Inquiry 8:09:41 Document It Action Reference Date Ref. Taken Brief Description RES 10/02/2001 134 WHM LAND INVESTMENT/RUPPLE ROAD - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Keywords ..............: RES. 134-01 WHM LAND INVESTMENTS MCILR0Y RUPPLE ROAD CONTRACT BOYS AND GIRLS CLUB COST SHARE AGREEMENT File Reference #....... Security Class........: Expiration Date. ... Date for Cont/Referred: Name Referred to......: Press Cmd 6 to update cmdl-Return Cmd2-Check Out Cmd8-Retention Cmd3-End Press 'ENTER' to Continue Cmd5-Abstract Yes No (c) 1986-1992 Munimetrix Systems Corp. Retention Type: **** Active ;ARCH WED AMENDMENT TO CONTRACTUAL AGREEMENT CONCERNING LETTER OF CREDIT AND RUPPLE ROAD CONSTRUCTION This amendment to the Contractual Agreement of October 10, 2001, by and between the City of Fayetteville and WHM Land Investments, Inc. (WHM), is entered into by and between the City of Fayetteville and the successors in title of WHIM who are West Side Development Company, LLC (officers: Richard P. Alexander, Robert J. Merry -Ship and John Nock) and Markham Hill Development Company, LLC (same officers) (hereinafter referred to as "West Side Village") on this L�- .day of April, 2007. For and in consideration of the following promises and the boulevard construction, the City of Fayetteville and West Side Village agree as follows: 1. The irrevocable letter of credit provided to the City by WHM Land Investments, Inc. pursuant to the Contractual Agreement of October 10, 2001, shall be extended through September, 2009 under the same terms and conditions of the original contract except as follows: (a) The amount of the irrevocable letter of credit shall not increase for any increase of the Consumer Price Index after the January 2007 increase for 2006. (b) The City may collect this letter of credit if the City Council has approved and the Mayor has signed the construction contract for Rupple Road as a four lane boulevard north of Persimmon toward Wedington by September of 2009 as outlined in the February 12, 2007, letter from West Side Village to Mayor Dan Coody and the City Council. This letter is attached hereto as Exhibit A. Payment of the Letter of Credit shall be due upon the City's Approval of the construction contract for the Rupple Boulevard section north of Persimmon. The City agrees that the construction contract shall provide that construction of the boulevard shall begin no later than ninety days after approval of the contract. 2. If the City has failed to approve the construction contract for the boulevard section of Rupple Road from Persimmon to Wedington by September 2009, West Side Village may terminate this Amendment to the Contractual Agreement upon ten days' written notice to the City of Fayetteville. In Agreement With All The Terms And Conditions Above, We Sign Below. CITY OFF YETTEVILLE WEST SIDE DEVELOPMENT CO., LLC. MARKHAM DEVELOPMENT CO., LLC. By: AN COODY, Mayor (} By: RIC P. ALEXANDER ATTEST: By: ,trr,u,,,, &Mjj�- SONDRAE.SMITH •sr,.,City ClerWTreasurer By: =U• a FAYETTEV1 LLE a • At a