Loading...
HomeMy WebLinkAboutPR 12165:EDC-DESIGN BUILDinteroffice MEMORANDUM To: From: Subject: Date: Mayor, City Council, City Manager Mark T. Sokolow City Attorney ~ ~ P. R. No. 12165; Council Meeting of April 29, 2003 April 25, 2003 Attached is P. R. No. 12165 authorizing the Executive Director of the City of Port Arthur Section 4A Economic Development Corporation to execute a Design/Build Agreement with LaGrone Services, Inc. and Carney Engineering, as well as to execute the Economic Incentive Agreement with IASIS Healthcare, Williams & Rao, L. P., and War Horse Developmenn Corporation. MTS/ts Attachment cc: Director of Finance Executive Director, EDC Frank Coyle (via e-mail) Frank McCreary (via e-mail) Steve Robinson (via e-mail) Banker Phares (via e-mail) Jim Wimberley (via e-mail) P. R. No. 12165 4/25/2003 ts RESOLUTION NO. A RESOLUTION AUTHORIZING THE EXECUTIVE DIRECTOR OF THE CITY OF PORT ARTHUR SECTION 4A ECONOMIC DEVELOPMENT CORPORATION TO EXECUTE A DESIGN/BUILD AGREEMENT WITH LAGRONE SERVICES INC. AND CARNEY ENGINEERING AS WELL AS TO EXECUTE THE ECONOMIC INCENTIVE AGREEMENT WITH IASIS HEALTHCARE, WILLIAMS & RAO L.P. AND WAR HOESE DEVELOPMENT CORPORATION WHEREAS, the City Council per Resolution No. 03-083 and the Board of Directors of the City of Port Arthur Section 4A Economic Development Corporation has already approved a Design/Build Agreement with LaGrone Services, Inc. and Carney Engineering, Inc.; and WHEREAS, the City Council per Resolution No. 03-082 and the Board of Directors of the City of Port Arthur Section 4A Economic Development Corporation has already approved an economic incentive agreement with IASIS Healthcare, Williams & Rao L.P. and War Horse Development Corporation; WHEREAS, changes in with the latest form of the Exhibits UA" and ~B"; and and the proposed agreements have been made agreements being attached hereto as WHEREAS, the City Council deems it in the best interests of the citizens of Port Arthur to authorize the Executive Director of the City of Port Arthur Section 4A Economic Development Corporation to promptly execute the Design/Build Agreement with LaGrone Services, Inc. and Carney Engineering, Inc. as well as to execute the economic incentive agreement with IASIS Healthcare, Rao LP and War Horse Development Corporation, NOW THEREFORE, OF PORT ARTHUR: Section 1. true and correct. Section 2. Arthur Section authorized to Services, Inc., same form incentive Williams & BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY That the facts and opinions in the preamble are That the Executive Director of the City of Port as attached hereto as Exhibit agreement with IASIS Healthcare, 4A Economic Development Corporation is herein execute a Design/Build Agreement with LaGrone and Carney Engineering, Inc., in substantially the "A" and the economic Williams & Rao LP and War Horse Development Corporation in substantially the same form as attached hereto as Exhibit ~B". Section 3. That all parties to these Agreements shall sign the Agreements on or before May 15, 2003, so that this project may proceed in an expeditious manner. Section 4. That a copy of the caption of this Resolution be spread upon the Minutes of the City Council. READ, ADOPTED AND APPROVED on this __ day of , A.D., 2003, at a Regular Meeting of the City Council of the City of Port Arthur, Texas, by the following vote: AYES: Mayor , City Council , NOES: OSCAR ORTIZ, MAYOR ATTEST: EVANGELINE GREEN, CITY SECRETARY APPROVED AS TO FORM: MARK T. SOKOLOW, CITY ATTORNEY APPROVED FOR ADMINISTRATION: STEVE FITZGIBBONS, CITY MANAGER EXHIBIT "A" 04/25/03-e CITY OF PORT ARTHUR SECTION 4A ECONOMIC DEVELOPMENT CORPORATION ECONOMIC INCENTIVE AGREEMENT THIS ECONOMIC INCENTIVE AGREEMENT ("Agreement") effective as of May 15, 2003, is entered by and between the City of Port Arthur, Texas. a home rule city located in Jefferson County. Texas (the "Cit3~'), the City of Port Arthur Section 4A Economic Development Corporation. an economic development corporation organized pursuant to Section 4A of the Development Corporation Act of 1979, as amended ("EDC"), Williams & Rao, LP, a Texas limited partnership ("Landowner"), IASIS Healthcare Corporation, a Delaware corporation with pnnclpal offices in Franklin. Tennessee ("IASIS") and War Horse Development Corporation, a Texas Corporation. (City, EDC, Landowner .IASIS and War Horse Development Corporation, individually, a "Party," and collectively, the "Parties"). WHEREAS. IASIS owns and operates Park Place Medical Center in Port Arthur, Texas and Mid-Jefferson Hospital in Nederland. Texas and has announced plans to build a new "state of the art" hospital facility; and WHEREAS, Landowner has marketable title to the real property described in Exhibit "A" consisting of approximately one hundred fifty-five (155) vacant acres; and WHEREAS, this real property of Landowner's is adjacent to Highway 365, is within 1200 feet of Highway 69, has two (2) pipeline corridors and a Jefferson County Drainage District No. 7 ("DD7') canal located thereon; and WHEREAS, this real property is zoned agricultural, Planned Development-4, and Planned Development-20; and WHEREAS, Landowner has executed a Real Estate Purchase Contract, dated November 15, 2002, to sell to IASIS flee and clear of all liens and encumbrances, approximately thirty (30) acres of this one hundred fifty-five (155) acre tract, as described in Exhibit "B" (the "Hospital Site"), so that IASIS may build its new Hospital on this site; and WHEREAS, War Horse Development Corporation has marketable title to the adjacent thirty (34) acre tract as described in Exhibit "C "; and WHEREAS, subject to the performance by Landowner, the EDC and the City of its commitments described herein, IASIS intends to construct an approximately 300,000 square foot, two hundred twenty-two (220) bed Acute Care Hospital on the Hospital Site, to include medical/surgical, emergency and imaging services (the "Hospital"), as more particularly described on Exhibit "D,; and z.economic ince~tive agreement _e-clean copy WHEREAS, Landowner plans to build a medical office building ("MOB"), as described more particularly on the MOB Development Agreement to be attached hereto as Exhibit "E'~, on a portion of the Hospital Site, as described in Exhibit "F".(the "MOB Site"); and WHEREAS, IASIS has obtained environmental reports indicating that there are no environmental hazards or conditions on the land described in Exhibit "C" and IASIS has obtained geotechnical and other reports indicating that there are no wetlands on the Hospital Site, copies of said reports and studies are attached hereto as Exhibit "G"; and WHEREAS, based on the site studies and other information, the Parties agree that the Hospital Site and MOB Site are suitable locations for the construction of the Hospital and MOB through reasonable site development preparation; and WHEREAS, IASIS and Landowner have requested that the EDC provide funding for the construction of water, sewer, drainage, streets and other utilities, all as described in Exhibit "H" ("EDC Improvements"), as well as the purchase of right-of-way for these improvements, which will assist in the creation of the infrastructure for a po ssible public/private business park and will enable IASIS and the Landowner build the Hospital and MOB, respectively;, and WHEREAS, IASIS has requested that the Landowner provide funding for the Building Pad Improvements for the MOB and Hospital, including costs related to cutting, clearing and grubbing the Hospital Site and the performance of all soil testing and compaction requirements, as described in Exhibit 'T' ("Building Pad Improvements"); and WHEREAS, subject to the obligations of Landowner and IASIS contained herein, the EDC has agreed to provide, or cause to be provided, funding for the work related to the EDC Improvements, described in Exhibit "H "; and WHEREAS, LA_SIS has determined that the combination ofthepurchase of the Hospital Site from Landowner and the improvements to be funded by the Section 4A Economic Development and by the Landowner provide the best proposal for IASIS to construct the Hospital in Port Arthur, Texas; and WHEREAS, the EDC anticipates that it will receive additional sales tax revenue that is available for economic development projects, as defined under Article 5190.6 V.T.C.A.; and WHEREAS, EDC projects must be approved by the City Council of the City of Port Arthur; and WHEREAS, projects undertaken pursuant to this Agreement must principally be for economic development as has been determined by the parties and as established under the guidelines of Article 5190.6 V.T.C.A., as amended; and WHEREAS, the Board of Directors of the EDC has made a determination that this project will promote economic development and increase employment in the area and that this project meets the requirements of a project that can be lawfully funded. NOW, THEREFORE, in consideration of the premises, the mutual obligations contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto do mutually agree as follows: AGREEMENT TERMS ARTICLE I PARTIES Section 1.1 following entities: Parties. This Agreement is made and entered into by and between the (a) City of Port Arthur, Texas, acting through its City Manager, duly authorized by Resolution of the City Council of the City of Port Arthur, a copy of which is attached hereto as Exhibit "J". (b) City of Port Arthur Section 4A Economic Development Corporation acting herein by its Executive Director, duly authorized by motion of the Board of Directors of the Section 4A Economic Development Corporation, a copy of the minutes documenting the Motion to be attached hereto as .Exhibit "K". (c) Williams & Rao, LP, a Texas limited partnership, whose limited partners are Kirk Williams, M.D. ("Williams") and Srinivasa Rao Kothapalli, M.D. ("Rao"), and whose general partner is Rao & Williams L.L.C. (d) IASIS Healthcare Corporation, a Delaware corporation duly qualified to do business in the State of Texas, acting herein by its Chief Executive Officer and/or other officer, duly authorized by resolution of its Board of Directors. (e) War Horse Development Corporation, a Texas Corporation duly qualified to do business in the State of Texas, acting herein by its President, duly authorized by resolution of its Board of Directors. Section 1.2 Binding Agreement. The City, the EDC, War Horse Development Corporation, Landowner and IASIS agree, by the execution hereof, that they are bound to the mutual obligations and to the performance and accomplishment of the tasks described herein. ARTICLE II EDC'S OBLIGATIONS Section 2.1 Obligations of EDC. Subject to the conditions set forth in Section 14.1(b) ("IA SIS Deliverables") and 14.1 (c) ("Landowner Deliverables") of this Agreement, the EDC shall perform, or arrange to be performed by a desigr~build firm or construction company, the following obligations as to public infrastructure which will be dedicated by the parties to the City of Port Arthur: (a) Public Utilities and Streets At a cost not to exceed Five Million, Eight Hundred Nineteen Thousand, Two Hundred Eighty-Seven and No/100 Dollars ($5,819,287) the EDC shall hire a design/build finn or a contractor, at the EDC's sole cost and expense, with a contract in substantially the same form as denoted in Exhibit "H-1 "to provide the Hospital Site and the MOB Site with the EDC Improvements, as more particularly described in Exhibit "H", including, without limitation: (1) Storm Sewer System. All storm sewer facilities necessary to provide storm water drainage outside the boundaries of the Hospital Site to serve the Hospital Site and the MOB Site, as required by City Code and by existing Jefferson County Drainage District No. 7, ("DD7") regulations. (2) Storm Water Detention and/or Retention. All storm water detention or retention necessary for the Hospital Site and MOB Site at the adjacent DD7 pit, if allowed by existing DD7 regulations, or otherwise. (3) Sanitary Sewer System. A minimum 6" sanitary sewer line using the City's sanitary sewer system (including any applicable meter, tap and impact fees) provided to two (2) locations five feet (5') outside the Hospital and the MOB. The sanitary sewer system shall be provided as necessary to provide sanitary sewer to the Hospital Site and MOB Site and as required by City Code. (4) Domestic Water System. A minimum 6" water system utility line using the City water system (including any applicable meter, tap and Impact fees) provided to a point five feet (5') outside the Hospital and the MOB as determined by City Code. The domestic water line shall be provided as necessary to provide potable water to the Hospital Site and as required by City Code. (5) Fire Water Line System. 8" fire water line system (including meter, Siamese connection, tap and impact fees) provided in a loop around the Hospital and to a point five feet (5') outside the Hospital, as determined by IASIS, and the MOB. The fire water line shall be provided as required by City Code. (6) Primary Access Road. A 4-lane divided road built to the Texas Department of Transportation standards shall be designed and built the length of one side of the longest side of the Hospital Site and connected to the Hospital parking lot as to provide access to the Hospital Site. The EDC shall consult with IASIS regarding the design and location of the road and the EDC shall use its best efforts to design and locate all "curb cuts," if any, to the Hospital's and MOB's design specifications. (7) Secondary Access Road. An additional 4-lane divided road or roads built to Texas Department of Transportation standards for this type of development shall be accessible to the 4-lane divided road listed in Section 2.1 (a)(6), above, from Highway 365 along the east edge of the Hospital Site, subject to all non-attainment zone consents and/or requirements Imposed by the Texas Department of Transportation, if any. The EDC shall consult with IASIS regarding the design and location of the roads and the EDC shall use its best efforts to design and locate all "curb cuts," if any, to the Hospital's and MOB's design specifications. (8) Green Space. Use good faith efforts to obtain additional property, through donation, purchase or otherwise, to provide a green space as described in Exhibit "L", on property owned by Sun NLF, Mark Hayes, Zahieh Khodour, Sabine Neches, Inc. and Park Commercial Investors, Ltd., or such other property as mutually agreed to by Landowner, IASIS and the EDC, that will connect the Hospital Site to Hwy 69. Section 2.2. Fees Paid or Waived. The EDC shall pay or obtain a waiver of all building permits, tap fees, impact fees and other similar local municipal fees and assessments, as may be required by any code enforcing agency, or otherwise, such that neither the Landowner nor IASIS shall have any liability, cost or expense related thereto. Section 2.3. Twenty-two Acres. TheEDCshallpurchaseapproximatelytwenty-two(22) acres as denoted in Section 5.1(c). As part of this purchase of the twenty-two (22) acres, the EDC shall give earnest money of Ninety Thousand and No/100 Dollars ($90,000) to the Landowner within ten (10) days of the execution of this Agreement by all the parties. By paying this $ 90,000, which will be credited toward the purchase price, the EDC shall have(l) the fim~ option at its sole discretion to purchase all or part of the twenty-two (22) acres at Fifty Thousand and No/100 Dollars ($50,000) per acre regardless of whether the remaining obligations under this agreement are terminated and (2) shall have the fight to take possession of the 22 acres as to clear and grub it prior to the closing. Said option shall be for a term expiring one hundred and eighty (180) days after termination of the other obligations under this Agreement. Section 2.4 Unless additional authorization is obtained fxom the City Council of the City of Port Arthur and from the Board of Directors of the EDC, the obligations of the EDC in this Agreement shall not in the aggregate exceed Seven Million, Three Hundred Forty Thousand and No/100 Dollars ($7,340,000)~ Section 2.5. The EDC will coordinate with the City, War Horse Development Corporation, IASIS and the Landowners, with respect to all activities necessary to assist the completion of the Hospital, the MOB and the EDC improvements, within the time limits described in this Agreement. ARTICLE III CITY'S OBLIGATIONS Section 3.1 Obligations of the City. In light of the collateral economic benefit expected to be realized by the City as a direct result of the location of the Hospital ~vithin the City, including growth in sales and property taxes related to the future development of properties adjacent and/or contiguous to the Hospital Site, including other medical and healthcare related services currently located outside the City, the City shall perfonu the following obligations, subject to the conditions set forth in Section 14.1(b) ("IASIS Deliverables") and Section 14.1(c) ("Landowner Deliverables") of this Agreement: (a) Fees Waived. The City shall waive all City fees or expenses associated with the construction of the Hospital and MOB, including, but not limited to, any building permit fees, tap fees, impact fees or other similar fees, expenses or assessments of the City. CO) Assistance and Coordination. The City shall make its staff and consultants available to the EDC to assist the EDC in the performance of its obligations described in Section 2.1. The City will coordinate with the EDC, War Horse Development Corporation, IASIS and the Landowners with respect to all activities necessary to assist the completion of the Hospital, the MOB and the EDC Improvements within the time limits described in this Agreement. ARTICLE IV IASIS' OBLIGATIONS Section 4.1 Obligations of IASIS. Subject to the conditions set forth in Section 14.1(a) ("EDC Deliverables") and Section 14.1 (c) ("Landowner Deliverables") of this Agreement, IASIS shall perform the following obligations: (a) Acquire the land described in the Purchase Agreement within ten (10) days after the delivery of all post-closing deliverables required to be delivered by the Parties within th/rty (30) after the Effective Date, provided all conditions to closing described in the Purchase Agreement are fulfilled. Co) Expend at least Forty Eight Million and No/100 Dollars ($48,000,000.00) on costs related to construction of the Hospital, exclusive of fees and costs related to designing and equipping the Hospital and contingencies, bringing the total estimated cost to approximately Eighty Million and No/100 Dollars ($80,000,000.00), with the Hospital to be described more particularly on Exhibit "D", which delineates the following: (i) Square footage of building and ancillary structures; (ii) Quality of and expected costs of construction; (iii) Number of stories per building or structure; (iv) Number of beds; (v) Rentable office space; (vi) Parking facilities and garages; and (vii) Expected costs and types of equipment, inventory, furniture and personal property. (c) The Hospital shall be constructed, receive its certificate of occupancy, and be fully equipped and available for use by the medical community no later than June 30, 2005 and, currently, IASIS' estimated target date for achieving these goals is no later than April 30, 2005. (d) The Hospital shall employ not less than five hundred (500) full-time equivalent employees at the Hospital within one hundred twenty (120) days of the date that the Hospital commences operations and IASIS will maintain said number of full-time equivalent employees on the Hospital payroll for at least five (5) years. ARTICLE V LANDOWNER WILLIAMS & RAO L.P. AND WARttORSE OBLIGATIONS Section 5.1 Landowner Obligations. Subject to the conditions set forth in Section 14.1 (a) ("EDC Deliverables") and Section 14.1 (b) ("IASIS Deliverables") of this Agreement. Landowner shall perform the following obligations: (a) Complete the construction of the MOB, of at least fifty thousand (50,000) square feet, on the MOB Site, no later than June 30, 2005. (b) Employ, directly or indirectly through the lessees at the MOB Site, not less than one hundred fifty (150) full-time equivalent employees within one hundred twenty (120) days atler the date of the completion of the construction of the MOB. (c) For One Million, One Hundred Thousand and No/100 Dollars ($1,100,000) to be paid by the EDC, Landowner shall sell and transfer by deed to the EDC five (5) frontage acres of real property for an EDC business park as delineated below and with projects under Section 4A Article 5190.6, V.T.C.A., as well as approximately seventeen (17) acres for right of way, utility and drainage purposes, free and clear of all liens and encumbrances, no later than sixty (60) days after the Effective Date of this Agreement. For and in consideration of Thirty Thousand and No/100 Dollars ($30,000) to be paid by the EDC, the Landowner (i) grants to the EDC option provided in Section 2.3 hereinabove, and (ii) agrees to market with the EDC until December 31, 2005 the landowner's remaining acreage for a public/private EDC business park, at such prices to be set at the discretion of the Landowner and at such incentives to be set at the discretion of the EDC. Such business park will be desigaed to create jobs or other businesses in conformance with Section 4A Article 5190.6 V.T.C.A. and the types of businesses that are reasonably compatible with the adjacent developments. If it is determined by the EDC not to be reasonably feasible to attract prospects for the business park, then the Landowner can sell the remaining acreage at its sole discretion and without EDC participation. The EDC shall be allowed to place advertising signs on the property as a public/private EDC business park and to advertise the property on loopnet and other similar services. (c) Landowner agrees to allow spoils from any construction activity as delineated in this Agreement to be deposited and spread evenly on the forty (40) acre site described in Exhibit "N"; (d) Landowner agrees to allow access through the real property described in Exhibit "A" for the transport of clay from the adjacent DD7 pit for the purposes of construction of the Hospital and performance of the EDC Improvements and Building Pad Improvements as described in this Agreement. (f) Landowner shall provide, at a cost not to exceed Ten Thousand and No/100 Dollars ($10,000), two (2) 2,500 KVA transformers with loop feed around the Hospital Site, with an automatic switchover for the Hospital to a point five feet (5') outside the Hospital as determined by building requirements, plus one (1) 1,500 KVA transformer for the MOB to a point five feet (5') outside the MOB, as determined by building requirements. (g) Landowner shall provide natural gas in an amount equal to 25,000 cubic feet per hour in a six inch (6") line at one (1) pound pressure to a point five feet (5') outside the Hospital as determined by building requirements. (h) LANDOWNER Funding to IASIS. The Landowner shall, within sixty (60) days after the Effective Date of this Agreement, escrow funds with a mutually agreeable banking institution sufficient for the completion of the Building Pad Improvements, as well as the cutting, clearing, and grubbing of the Hospital and MOB site, as described in Exhibit "I." The Party's acknowledge that the Landowner's obligation for the Building Pad Improvements, as well as the cutting, cleating, and grubbing is One Million, One Hundred Forty-Two Thousand, Four Hundred Twenty-Five and No/100 Dollars ($1,142,425). The Building Pad Improvements, as well as the cutting, cleating and grubbing of the Hospital and MOB Site, shall be undertaken by IASIS with contractors selected by IASIS in its sole discretion. The Escrow Agreement shall be in a form substantially similar to the attached Exhibit "M" and, with/n thirty (30) days after the Effective Date, the Landowner agrees to fund into escrow one-half of the total required to be funded into escrow, with the balance to be funded in accordance with the terms of the escrow agreement. IASIS shall have the right to draw on the escrow account to make all payments for the Building Pad Improvements as construction progress invoices are due. Any funds remaining in the escrow account after the completion of the Building Pad Improvements and payment for such costs shall revert to the Landowner sixty (60) days after completion of the Building Pad Improvements. La, SIS assumes the risk and obligation to make any payments in excess of the escrowed funds for the Building Pad Improvements and the Landowner shall not be liable to IASIS, or any other person claiming by or through IASIS, for any expense or cost incurred by or on behalf oflASIS in excess of the funds escrowed for the Building Pad Improvements. Within ten (10) days of the execution of this Agreement by all parties, the Landowner shall give Eighty-Seven Thousand, Four Hundred Twenty-Five and No/100 Dollars ($87,425) to IASIS to clear, grub and/or bum the trees on the Hospital Site, with such costs to be deducted from the One Million, One Hundred Forty-Two Thousand, Four Hundred Twenty-Five and No/100 Dollars ($1,142,425) obligation as described above. Section 5.2 War Horse Obligations For due and fair consideration, which includes the collateral economic benefits expected to be realized by War Horse Development Corporation by the development of the Hospital, MOB and another business park in the City of Port Arthur, and subject to the conditions set forth in Section 14.1(a) ("EDC Deliverables) and Section 14.1(b) (IASIS Deliverables") of this Agreement, War Horse Development Corporation shall deed to the EDC a small tract of approximately one (1) acre at the southwest comer of its tract as delineated in Exhibit "O" for a portion of a road to be constructed by the EDC and to be dedicated to the City. Such deed shall be executed within sixty (60) days after the effective date of this Agreement and shall be given for the payment of Fourteen Thousand Dollars ($14,000) by the EDC. ARTICLE VI CONTRACTORS AND BONDS Section6.1 EDC Performance and Payment Bonds. The EDC shall require its designJbuild finn, in the performance of the construction portion of the EDC Improvements, to provide performance and payment bonds for such contractor's full contract amount. Section 6.2 Copies Provided to IASIS and Landowner. The EDC shall provide IASIS and Landowner with copies of all such performance and payment bonds prior to the commencement of any such contractor's work. Section 6.3 IASIS Performance and Payment Bonds. IASIS shall require each contractor hired by it, its general contractor, in the performance of the Building Pad Improvements and the construction of the Hospital, to provide performance and payment bonds for such contractor's full contract amount. Section 6.4 Landowner Performance and Payment Bonds. Landowner shall require each contractor hired by it, its general contractor, in the performance of the construction of the MOB to provide performance and payment bonds for such contractor's full contract amount. Section 6.5 Copies Provided to all parties. The parties shall provide to each other copies of all such performance and payment bonds prior to the commencement of any such contractor's work. Section 6.6 Professional Liability Insurance. All engineers and architects hired by the Parties shall possess and maintain professional liability insurance with limits not less than Two Hundred Fifty Thousand and No/100 Dollars ($250,000.00) per occurrence. All construction contracts shall have at least a one (1) year warranty. ARTICLE VII TIME FOR COMPLETION Section 7.1 Timing Generally. The Parties mutually agree that time is of the essence and the beginning dates and completion dates for the EDC Improvements, Building Pad Improvements, construction of the Hospital, and construction of the MOB, as specified in this Agreement, are ESSENTIAL CONDITIONS of this Agreement. The Parties agree that the completion of the EDC Improvements, Building Pad Improvements, construction of the Hospital, and construction of the MOB, shall be prosecuted regularly, diligently and without interruption at such rate of progress as will ensure full completion thereof within the time specified in Exhibit "P" ("Schedule for Completion of EDC Improvements"), Exhibit "O" ("Schedule for Construction of Hospital") and Exhibit "V" ("Schedule for Completion of MOB Improvements"), as applicable. The Parties expressly agree that the time for the completion of the work described in this Agreement herein is a reasonable time for the completion of same, taking into consideration the average climatic range and usual conditions prevailing in this locality. Section 7.2 Timely Performance by EDC (a) The EDC shall coordinate completion of the EDC Improvements with the construction of the Hospital as determined byreference to the time schedule attached as Exhibit "P" to ensure all public utilities are completed at or before the times required to serve the Hospital. The EDC agrees that its design/build or construction contract EDC Improvements will contain a mutually agreeable calendar day contract provision related to the EDC Improvements, without opportunity for change orders for additional days associated with weather delays. (b) At all times, IASIS and its general contractor shall have the right to meet and confer with the EDC, City and their representatives and contractors regarding the scheduling of the EDC Improvements and enforcement of the corresponding, deadhnes hsted on Exhibit P . In the event the EDC's contractors neglect, fail or refuse to complete the EDC Improvements within the time periods specified in Exhibit "P", IASIS, by and through its general contractor, shall have the right to meet with the EDC and its general contractor within twelve (12) hours after providing notice to the EDC to discuss the causes for any such delay and to work cooperatively with the EDC in good faith to implement directions and processes, assign responsibilities to EDC's contractors, and prioritize and direct their actions until such time as the EDC Improvements are back on schedule consistent with Exhibit "P". ARTICLE VIII MONITORING Section 8.1 Monitoring by the EDC and/or City. The EDC and Landowner shall have the right to parficipate in all meetings with IASIS' design professionals preparing plans and specifications for the Building Pad Improvements to review and comment on all preliminary and final plans and specifications and contract documents for the Building Pad Improvements. The EDC, the City and the Landowner reserve the fight to carry out field inspections/audits, from time to time, as to the Building Pad Improvements to ensure compliance with the requirements of this Agreement. After completion of any such audit, the EDC shall provide the Parties to this Agreement with a written report of the findings so that any alleged breach or noncompliance can be fnnely cured. Section 8.2 Monitoringby IASIS and/or Landowner. IASIS and Landowner shall have the right to participate in all meetings with the EDC's design professionals preparing the plans and specifications for the EDC Improvements and to review and comment on ail preliminary and final plans and specifications and contract documents for the EDC Improvements. IASIS, Landowner and the EDC agree to cooperate in good faith to ensure that the designs and specifications for, and implementation of, the construction of the Hospital and MOB on the Hospital Site, integrate with the design and specifications for, and implementation of, the EDC Improvements, and vice versa, to the Parties' mutual satisfaction, particularly with respect to aspects of the respective designs that connect the EDC Improvements to the Hospital Site, such as "curb cuts," utilities and easements. Landowner and IASIS also reserve the right to carry out field inspections/audits, fi:om time to time, as to the EDC Improvements to ensure compliance with the requirements of this Agreement. After completion of any such inspection, the EDC shall be provided with a written report of their findings so that any alleged breach or noncompliance can be timely cured. lO Section 8.3 Compliance Audits. EDC reserves the right, at its sole expense, to conduct an annual and/or semiannual compliance audit(s) of funds received and performances rendered under this Agreement related to the EDC Improvements and Building Pad Improvements. IASIS and Landowner agree to provide reasonable cooperation during normal business hours to EDC to permit EDC or its authorized representatives to audit their records and to obtain any documents, materials, or information necessary to facilitate such audit. Section 8.4 Release and Acceptance. The EDC will require a release from IASIS and Landowner as to accepting the EDC Improvements as being in compliance with this Agreement prior to the completion of the Hospital and MOB. ARTICLE IX LIQUIDATED DAMAGES Section 9.1 Liquidated Damages for EDC Improvements. In order to ensure that the design/build firm or construction company hired by the EDC, as the case may be, shall not neglect, fail or refuse to complete the EDC Improvements within the time periods specified in Exhibit "P"., the EDC shall require its design/build firm or construction company to include a daily bonus and liquidated damages provision with respect to the performance of the EDC Improvements, using such amounts as the EDC and its design/build or construction company firm shall deem reasonable and appropriate. Section 9.2 Liquidated Damages for Building Pad Improvements. In order to ensure that the subcontractors contracting with IASIS' general contractor shall not neglect, fail or refuse to complete the Building Pad Improvements within the time periods specified in Exhibit "Q", IASIS shall require its general contractor to include a dailybonus and liquidated damages provision in all of its subcontracts with respect to the performance of the Building Pad Improvements, using such amounts as the IASIS and its general contractor shall deem reasonable and appropriate. ARTICLE X EASEMENTS AND RIGHTS OF WAY Section 10.1 Easements and Riv, hts of Way. IASIS will dedicate to the City, at no cost to the City, free and clear of all liens and encumbrances, the necessary land that it owns, or will own, for all easements and rights-of-way for the EDC Improvements listed in Exhibit "H'~, which include but is not limited to, the extension of the roads, utility lines, and drainage improvements as described in Exhibit "H". Section 10.2 Additional Rights-of-Way. The EDC shall have the obligation to acquire, at the EDC's expense, other necessary rights-of-way not located on the land described in Exhibit "A." Section 10.3 Access and Permission. Between the Effective Date of this Agreement and completion of the construction of the Hospital, Landowner, War Horse Development Corporation, and IASIS grant the City, the EDC and their agents permission to enter the real property described in Exhibit "A" and the Hospital Site, during normal business hours and upon reasonable notice to Landowner or IASIS, as the case may be, to conduct inspections and to conduct such intrusive testing, such as the taking of core samples, as the EDC deems advisable in the performance of the EDC Improvements. The EDC agrees to indenmify Landowner, War Horse Development Corporation and IASIS for damages ~vrongly caused by the negjigence or willful misconduct of the City, the EDC or their agents with respect to any such testing, excluding losses or diminution of value arising out of any negative facts uncovered as a result of such testing. ARTICLE XI RETENTION AND ACCESSIBILITY OF RECORDS Section 11.1 Records Retention Generally. Each of the Parties must establish and maintain sufficient records to determine compliance with this Agreement, including but not limited to, the documents listed in Exhibit "R". Section 11.2. Retention Period. All records pertinent to this Agreement shall be retained by the Parties for at least five (5) years following the date of termination of this Agreement, whether said termination is a result of default or whether said termination is a result of final submission ora close-out report by the Parties detailing the Parties' compliance with its obligations provided herein. Further, in the event any litigation, claim or audit arising out of or related to this Agreement is instituted before the expiration of the five (5) year period and extends beyond the five (5) year period, the records will be maintained until all litigation, claims or audit findings involving this Agreement and the records made the basis of same have been resolved. Further, records relating to real property acquisition shall be retained for a period equal to the useful life of the buildings and improvements thereon. ARTICLE Xll CONFLICT OF INTEREST Section 12.1 No Conflict. No person who (1) is an employee, agent, officer or elected or appointed official of the City or the EDC and who exercises or has exercised any functions or responsibilities with respect to activities assisted with funds provided under this Agreement; or (2) who is in a position to participate in a decision making process or gain inside information with regard to such activities, may obtain a substantial personal or financial interest or benefit from an EDC assisted activity, or have a substantial interest in any contract, subcontract, or agreement (or proceeds thereof) with respect to a EDC assisted activity, during their tenure or for one year thereafter. IASIS and Landowner shall report to the EDC any direct or indirect interests that a public official, agent or officer has as to this EDC assisted activity. Section 12.2 Compliance. Each party to this Agreement shall ensure compliance with applicable provisions under Article 5190.6 V.T.C.A. and Chapter 171 Local Government Code V.T.C.A., to the extent applicable. 12 ARTICLE XIII NONDISCRIMINATION/EMPLOYMENT/REPORTING Section 13.1 Nondiscrimination (a) The Parties to this Agreement shall ensure that no person shall, on the grounds of race. color, religion, sex. handicap, or national origin, be excluded from participation in, be denied the benefits of. or be subjected to discrimination under any program or activity funded in whole or in part with funds provided under this Agreement. The Parties to this Agreement shall do the following: (i) To the greatest extent feasible, opportunities for training and employment arising in connection with the planning and carrying out of any project assisted with EDC funds provided under this Agreement, be given to City of Port Arthur residents; and (ii) To the greatest extent feasible, contracts for work to be performed in connection with any such project be awarded to City residents and businesses, including, but not limited to, individuals or firms doing business in the field of planning, consulting, design, architecture, building construction, rehabilitation, maintenance, or repair, which are located in or owned in substantial part by persons residing in the City of Port Arthur. (iii) The Parties shall notify the EDC of employment opportunities so as to give the EDC reasonable opportunity' to forward names and resumes of City of Port Arthur residents. (iv) The Parties shall advertise in the Port Arthur News as to all contract'mg employment and/or training opportunities. (b) Beginning on September 30, 2003, and continuing quarterly until completion of the construction of the Hospital, each of L~SIS and Landowner shall furnish to the EDC reports detailing the total number of new full time employees hired by IASIS or Landowner, as the case may be, with said report detailing (i) the new employee(s) by number or otherwise so as to ensure privacy, (ii) the job description/position, (iii) the wage rate, (iv) date of hire, (v) residence of the employee(s), (vi) payroll incurred, and, (vii) any other information reasonably requested by EDC. Further, said report shall provide similar information on all terminations (whether voluntary or otherwise) occurring during the same period. ARTICLE XIV DELIVERABLES AND INFORMATION Section 14.1 Post-Closing Deliverables. The Paxties understand that there is a substantial amount of due diligence required by each Party to confirm the feasibility of proceeding with the obligations of the Parties pursuant to this Agreement. Within ttfirty (30) days after the Effective Date of this Agreement, unless another period of time is otherwise expressly stated, each of the Parties agree to complete and deliver the undertakings set forth below, the failure of which shall constitute breach of a post-closing condition giving rise to termination fights as set forth in Article XV: (a) EDC Deliverables. EDC shall perform the acts and provide IASIS with each of the documents titled "EDC Deliverables,' as listed in Exhibit "S" attached hereto. (b) IASIS Deliverables. L{SIS shall perform the acts and provide the EDC with each of the documents titled "IASIS Deliverables" as listed in Exhibit "S" attached hereto. (c) Landowner Deliverables. Landowner shall perform the acts and provide IASIS and the EDC with each of the documents titled "Landowner Deliverables" as listed in Exhibit "S" attached hereto. Section 14.2 ProvisionofInformationtoEDC. In additionto the post-closing deliverables, IASIS and Landowner understand and agree that by execution of this Agreement, IASIS and Landowner shall be responsible for providing to EDC all information, concerning this EDC funded project, required for EDC to meet its responsibilities for decision making, and other action which applies to the EDC in accordance with and to the extent specified in Federal, State and local law. IASIS and Landowner further understand and agree that they shall make all reasonable efforts to assist EDC in handling inquiries and complaints from persons and agencies seeking information thereon. Section !4.3 Provision of Information to IASIS and Landowner. EDC and the City agree to respond promptly and to provide reasonable cooperation with IASIS and Landowner with respect to all information requests related to the performance of the EDC Improvements, including information about timing, quality of work, change orders, compliance with requests by IASIS and its general contractor and compliance with this Agreement. Section 14.4 Further Acts and Assurances. At any time and from time to time alter the Closing, each of the Parties shall do, execute, acknowledge and deliver, or cause to be done, executed, acknowledged and delivered, such further acts, deeds, assi~:maents, transfers, conveyances, powers of attorney, confirmations and assurances as the other party may reasonably request to more effectively carry out the purposes and intent of this Agreement. ARTICLE XV TERMINATION AND DEFAULT Section 15.1 Termination bY EDC (a) Financing Contingency; Right of Termination. The EDC represents that it intends to secure funding for its obligations under this Agreement by selling municipal sales tax bonds or other lawful means for funding economic development activities. It is expressly understood and agreed by the Parties that the EDC funding obligations herein are contingent upon the availability of bond financing or other financing at an interest rate that the EDC believes is prudent and at the estimates of construction or acquisition costs. The Parties agree that the EDC shall have until sixty (60) days after the Effective Date of this Agreement to secure such bond financing as it deems necessary, using its best efforts. In the event the EDC determines it is unable to secure funding of its obligations under this Agreement within the applicable sixty (60) day period, the EDC, at its sole option, may terminate this Agreement by providing Landowner and IASIS with written notification prior to the expiration of such sixty (60) day period. In the event of such termination by the EDC, the EDC shall immediately cease all further funding, if any, required by this Agreement, and the EDC shall not be liable to the Landowner or IASIS or to any third parties under the terms and conditions of this Agreement. Notwithstanding the foregoing, this termination provision shall not operate to terminate the EDC's purchase option detailed in Sections 2.3 and 5.1(c) hereinabove. Co) Failure ofIASIS's or Landowner's Post-Closing Deliverables. The EDC shall have the right to terminate this Agreement upon prior written notice and a ten (10) day opportunity to cure in the event either IASIS or the Landowner fails to deliver its respective post-closing deliverables as described in Section 14.1 Co) and Section 14.1 (c), respectively, within the thirty (30) day period, or such other express period of time, as prescribed therein or such other express period of time, as prescribed therein. In the event of a termination pursuant to this Section 15.1 (b), there shall be no further liability between any of the Parties arising out of or related to this Agreement. Section 15.2 Termination by IASIS (a) Failure ofEDC's Post-Closing Deliverables. IASIS shall have the fight to terminate this Agreement upon prior written notice and a ten (10) day opportunity to cure in the event the EDC fails to deliver its respective post-closing deliverables as described in Section 14.1(a) within the thirty (30) day period, or such other express period of time, as prescribed therein. In the event ora termination pursuant to this Section 15.2(a), there shall be no further liability between any of the Parties arising out of or related to this Agreement. Notwithstanding the foregoing, this termination provision shall not operate to terminate the EDC's purchase option detailed in Sections 2.3 and 5.1 (c) hereinabove. Co) Failure of Landowner's Post-Closing Deliverables. IASIS shall have the right to terminate this Agreement upon prior written notice and a ten (10) day opportunity to cure in the event Landowner fails to deliver its respective post-closing deliverables as described in Section 14.1 (c) within the thirty (30) day period, or such other express period of time, as prescribed therein. In the event of a termination pursuant to this Section 15.2(b), there shall be no further liability between any of the Parties arising out of or related to this Agreement. Notwithstanding the foregoing, this termination provision shall not operate to terminate the EDC's purchase option detailed in Sections 2.3 and 5.1 (c) hereinabove. Section 15.3 Termination on Mutual Agreement. In addition to the foregoing, the Parties agree that this Agreement may be terminated at any time in the event all of the Parties agree, in writing, to the terms and conditions of any such voluntary termination. Section 15.4 Default. lnthe event aPartydefaultsunder anyofits obligations herein, orin the event any Party breaches any of its representations or warranties, the non-defaulting Patty may. at its sole option, terminate this Agreement. in whole or ~n part. In the event of such termination, in addition to (i) any other remedies available to the non-defaulting Party as provided by the laws of the State of Texas; or (ii) any other remedies available as provided herein, the non-defaulting Party may, at its sole option, utilize one or more of the following actions to resolve or otherwise remedy said default: (a) Withhold Disbursements. In the event the non-defaulting Partyis the EDC, withhold, whether temporarily or otherwise, disbursement of additional funding, pending correction of the defanlt(s) by Landowner or IASIS; (b) Other Remedies Available. Take any and all other remedies that may be legally available, as authorized bythe terms and conditions of this Agreement, and as maybe authorized by the laws of the State of Texas, including, but not limited to, suit for damages, specific performance or otherwise. ARTICLE XVI MISCELLANEOUS Section 16.1 Legal Authority. All of the Parties to this Agreement represent and warrant that they possess legal authority to enter into this Agreement. The City and the EDC have relied on the March 28t~, 2003 letter of Vinson & Elkins as attached hereto as Exhibit "W" as to the matters described therein. Section 16.2 Due Authorization. The person or persons signing and executing this Agreement on behalf of the Parties, or representing themselves as signing and executing this Agreement on behalf of Recipients, do hereby warrant and guarantee that he, she or they have been duly authorized by Recipients to execute this Agreement on behalf of Recipients and to validly and legally bind Recipients to all terms and provisions herein set forth. Section 16.3 Notice of Claims. All parties to this Agreement shall provide immediate notice in writing of any material action, including any proceeding before an administrative agency, filed in connection with this Agreement or any improvements to be constructed or work performed pursuant to this Agreement or that may effect the ability of any Party to perform its obligations under this Agreement. Section 16.4 Changes and Amendments. Except as specificallyprovided otherwise in this Agreement, any alterations, additions, or deletions to the terms of this Agreement shall be by amendment hereto in writing and executed by both Parties to this Agreement. 16 Section 16.5 Policy Directives. It is understood and agreed by the Parties hereto that performances under this Agreement must be rendered in accordance with Article 5190.6 V.T.C.A., the regulations promulgated under Article 5190.6 V.T.C.A., the assurances and certifications made to EDC by IASIS and Landowner, and the assurances and certifications made to the City of Port Arthur with regard to the operation of the EDC's projects. Based on these considerations, and in order to ensure the legal and effective performance of this Agreement by both Parties, it is agreed by the Parties hereto that the performances under this Agreement are in accordance with the provisions of the EDC program and any amendments thereto, and may further be amended in the following manner: EDC may, from time to time during the period of performance of this Agreement, issue policy directives which serve to establish, interpret, or clarify performance requirements under this Agreement. Suchpolicydirectives shallbepromulgatedbytheExecutiveDirectorofthe EDCwhen authorized by the City Council of Port Arthur and the EDC Board of Directors in the form of EDC issuances which shall have the effect of qualifying the terms of this Agreement and shall be binding upon IASIS and Landowner, as if written herein; provided, ho~vever, that said policy directives and any amendments to the EDC program shall not alter the terms of this Agreement so as to modify, amend, terminate or discharge any obligation of EDC specified in this Agreement or to modify, amend, terminate or discharge any obligation of IASIS or Landowner, any such amendment or modification being subject to a written agreement among the Parties as required by Section 16.6. Section 16.6 Entire A~reement. This Agreement and the exhibits and attachments referenced herein describe the entire agreement between the Parties relating to the subject matter hereof and supersedes all prior written and oral agreements and understandings between the parties pertaining thereto. No modification, amendment, termination, or discharge of this Agreement or any of its provisions shall be binding on either party unless confirmed by a written instrument signed by authorized representatives of the parties. Section 16.7 Subsequent Legislation. In the event any of the terms or conditions of this Agreement become prohibited as a result of the enactment of any statute, regulation or other law or the judicial or administrative interpretation of any existing or future statute, regulation or other law, the Parties shall promptly convene and negotiate in good faith in an attempt to restructure the Agreement in order to comply with such enactment or interpretation; provided, however, nothing herein shall be construed as authorizing or consenting to any legislative change initiated by either the City or EDC which, in any way, is inconsistent with Section 16.5 ("Policy Directives") and Section 16.6 (''Entire Agreement"), above. Section 16.8 Binding Agreement. This Agreement is binding upon and inures to the benefit of and is enforceable against the Parties, and their respective legal representatives, successors and assigns. No Party shall assign, transfer or subcontract this Agreement without the prior written consent of the other party; provided, however, upon written consent of the EDC, which consent shall not be unreasonably withheld, IASIS may assign this Agreement to its wholly-owned subsidiary for purposes of facilitating the transfer of interests in all rights and responsibilities to the Hospital and Hospital Site to the entity that will own and operate the Hospital. Section 16.9 Choice of Law: Venue. This Agreement shall be governed by and construed in accordance with the laws of the State of Texas without regard to such state's conflicts of laws rules. The parties agree that any dispute arising out of or in connection with this Agreement shall be subject to the exclusive jurisdiction of the State and Federal courts located in Jefferson County, Texas, and each of the Parties hereby consent to the personal jurisdiction of such courts and agrees not to contest venue therein. Section 16.I0. Force Majeure: It is expressly agreed that if the acts of a party shall be delayed or interrupted in the performance or completion of its work hereunder by an embargo, war, fire, flood, earthquake, epidemic or other calamity, act of God or of the public enemy, governmental act (including, but not restricted to, any government pr/ority, preference, requisition, allocation, interference, restraint or seizure, or the necessity of complying with any governmental order, directive, ruling or request) or by any strike or labor dispute involving the owner, or any manufacturer, supplier or carrier of the machinery, materials er supplies required hereunder, then the time of completion specified herein shall be extended for a period equivalent to the time lost as a result thereof. Such Force Majeure shall not apply to events caused by the act or omission of the party. Section 16. 11. Notices. Any notice, demand or communication required, permitted or desired to be given hereunder shall be deemed effectively given if given in writing (i) on the date tendered by personal delivery, (ii) on the date received by facsimile or other electronic means (including telegraph and telex), (iii) one day after tendered for delivery by nationally recognized overnight courier, or (iv) three days after tendered for delivery by United States mail, with postage prepaid thereon, certified or registered mail, remm receipt requested, in any event addressed as follows: If to IASIS: IASIS Healthcare Corporation 113 Seaboard Lane Ste. A~200 Franklin, TN 37067 Attention: General Counsel Facsimile: 615-467-1271 With a copy to: Vinson & Elkins 1001 Fannin Street Ste. 2300 Houston. TX 77002 Attention: Steve Robinson, Esq. Facsimile: 713-615-5659 And with copy to: Bass, Berry & Sims PLC AmSouth Center 315 Deaderick Street, Ste. 2700 Nashville. TN 37238-3001 Attention: Leigh Walton, Esq. Facsimile: 615-742-2701 If to EDC or City: With a copy to: With a copy to: And a copy to: And a copy to: If to Landowner: With copy to: Port Arthur Economic Development Corporation 444 4th Street Port Arthur, TX 77640 Attn: Executive Director Facsimile: 409-983-8222 Stephen Fitzgibbons City Manager City of Port Arthur 444 Fourth Street Port Arthur, TX 77640 Facsimile: 409-982-6743 Mark Sokolow, Esq. City Attorney City of Port Arthur 444 Fourth Street Port Arthur, TX 77640 Facsimile: 409-983-8124 James E. Wimberley, Esq. Legal Counsel Port Arthur Economic Development Corporation 3120 Central Mall Drive Port Arthur, TX 77642 Facsimile: 409-724-7585 Igalious "Ike" Mills Executive Director Economic Development Corporation 444 Fourth Street Port Arthur, TX 77642 Facsimile: (409) 983-8222 Williams and Rao, LP c/o Kirk Williams 870 Baker Port Neches, TX 77651 Facsimile: 409~727-8871 Dr. Rao Kothapalli S. 2001 9th Avenue Port Arthur, TX 77642 With a copy to: Banker Phares Attorney at Law 8141 Gladys, Suite 102 Beaumont. TX 77706 If to War Horse Development Corporation: Kirk Williams, President 870 Baker Port Neches, TX 77651 Facsimile: 409-727-8871 Section 16.10 Captions. Each paragraph of this Agreement has been supplied with a caption to serve only as a guide to contents. The caption does not control the meaning of anyparagraph or in any way determine its interpretation or application. Section 1611 Compliance with Laws. The Parties shall comply with all Federal, state and local laws. statutes, ordinances, resolutions, rules, regulations, orders and decrees of any court or administrative body or tribunal related to the activitms and performances of the Parties under this Agreement. Upon request by the EDC or by the City, Landowner and IASIS shall furnish satisfactory proof of its compliance herewith. Section 16.12 Costs and Expenses. All expenses of the preparation of this Agreement, including counsel, accounting, brokerage, architect, contractor and advisor fees and disbursements, shall be borne by the respective party incurring such expense, whether or not such transactions are consummated. Section 16.13 Public Announcements. At all times, the Parties shall consult with one another before issuing or making any reports, statements or releases to the public with respect to this Agreement or the transactions contemplated hereby and shall use good faith efforts to obtain the other party's approval of the text of any public report, statement or release to be made on behalf of such party. If either party is unable to obtain the approval of its public report, statement or release from the other party and such report, statement or release is, in the opinion of legal counsel to such party, necessary to discharge such party's disclosure obligations under applicable law, then such party may make or issue the legally required report, statement or release and promptly furnish the other party a copy thereof. Nothing herein shall prohibit any party complying with applicable public information laws or from responding to questions presented by the press or media without first obtaining prior written consent of the other party. Section 16.14 No Waiver. It is expressly understood and agreed by the Parties hereto that any right or remedy provided for in any provision of this Agreement shall not preclude the exercise of any other right or remedy under this Agreement or under any provision of law, nor shall any action taken in the exercise of any right or remedy be deemed a waiver of any other rights or remedies. Failure to exercise any right or remedy hereunder shall not constitute a waiver of the right to exercise that or any other right or remedy at any time. 20 ISignatures On Following Pages] 21 APPROVED IN FORM: James Wimberley, PAEDC Counsel Mark T. Sokolow, City Attomey Judith Ra~vls. First Assistant City Attorney V1NSON & ELKI2qS Steve Robinson Attorney for L~SIS VINSON & ELKINS Frank McCreary Bond Counsel for EDC Attorney for Landowner Banker Phares Frank A. Coyle General Counsel IASIS Healthcare Corporation z.ecmomm mcenti,~ agreement_ eq:lean copy 22 SIGNED AND AGREED to on the day of ,2003. PORT ARTHUR SECTION 4 A ECONOMIC DEVELOPMENT CORPORATION BY: Witnessed Executive Director, Port Arthur Economic Development Corporation ACK2NOWLEDGMENT THE STATE OF TEXAS § COUNTY OF JEFFERSON § BEFORE ME, the undersigned authority, on this day personally appeared l/ce Mills, Executive Director of the Port Arthur Section 4AEconomic Development Corporation, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same for the purposes and consideration therein expressed and in the capacity therein stated as the act and deed of said Port Arthur Economic Development Corporation. GIVEN UNDER MY HAND AND SEAL OF OFFICE, this the day of ~ A.D., 2003. Notary Public in and for Jefferson County, Texas z.economi¢ incenfix~ a~reement ~-clean copy SIGNED AND AGREED to on the day of ,2003. Witnessed Williams & Rao. LP, a Texas limited partnership, by its general parmer. Rao & Williams, L.L.C. Kirk Williams. President ACKNOWLEDGMENT THE STATE OF TEXAS § COUNTY OF JEFFERSON § BEFORE ME, the undersigned authority, on this day personally appeared Kirk Williams, President of Ran & Williams, L. L. C, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same for the purposes and consideration therein expressed and in the capacity therein stated as the act and deed of said Rao & Williams, L. L. C., (General Partner), and as therefore, the act and deed o£Williams & Rao, L. P. GIVEN UNDER MY }lAND AND SEAL OF OFFICE, this the day of ~ A.D., 2003. Notary Public in and for Jefferson County, Texas z.economic incentive agxeement_ e-clean copy SIGNED AND AGREED to on the day of ,2003. Wimessed David R. White, CEO IASIS Healthcare Corporation ACKNOWLEDGMENT THE STATE OF TEXAS § COUNTY OF JEFFERSON § BEFORE ME, the undersigned authority, on this day personally appeared David R. White, CEO of IASIS Healthcare Corporation, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same for the purposes and consideration therein expressed and in the capacity therein stated as the act and deed of said IASIS Healthcare Corporation. GIVEN UNDER MY HAND AND SEAL OF OFFICE, this the day of , A.D., 2003. Notary Public in and for Jefferson County, Texas SIGNED AND AGREED to on the day of ,2003. CITY OF PORT ARTHUR Attest: City Manager City Secretary THE STATE OF TEXAS COUNTY OF JEFFERSON ACKNOWLEDGMENT BEFORE ME, the undersigned authority, on this day personally appeared Stephen Fitzgibbons, City Manager of the City of Port Arthur, Texas, known to me to be the person whose name is subscribed to the foregoing mstmmem, and acknowledged to me that he executed the same for the purposes and consideration therein expressed and in the capacity therein stated as the act and deed of said City of Port Arthur. GIVEN UNDER MY HAND AND SEAL OF OFFICE, this the day of ~ A.D., 2003. Notary Public in and for Jefferson County, Texas SIGNED AND AGREED to on the day of ,2003. Witnessed War Horse Development Corporation Kirk Williams. President ACKNOWLEDGMENT THE STATE OF TEXAS § COUNTY OF JEFFERSON § BEFORE ME, the undersigned authority, on this day personally appeared Kirk Williams, President of War Horse Development Corporation, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same for the purposes and consideration therein expressed and in the capacity therein stated as the act and deed of said War Horse Development Corporation. GIVEN UNDER MY HAND AND SEAL OF OFFICE, this the day of , A.D., 2003. Notary Public in and for Jefferson County, Texas EXItlBIT LIST "A" Schematic/picture of the entire (approximately) 155 acres owned by Landowner "B" Schematic/Legal description of approximately 30 acres to be sold by Landowner to IASIS for construction of the Hospital "C" Schematic/Legal description of the approximately 34 acres owned by War Horse Development Corporation "D" Description of the Hospital "E" Description of the MOB to be built by Landowner "F" Legal description of area wherein Landowner will build the MOB "G" Site studies (i.e., geotechnical reports) with respect to Hospital Site "Ir' EDC Improvements to be performed by design-build fnma funded by EDC "H-I" Design Build Contract "r' Design Services for Building Pad Improvements as well as cutting, clearing and grabbing at hospital site and MOB to be performed by IASIS contractors at Landowner's expense "J" Resolution of the City Council of the City of Port Arthur, for the City "K" Minutes indicating approval by the Board of Directors of the EDC "L" Drawing of green space "M" Form of Escrow Agreement '?q" Landowner's 40 acre site to use for depositing spoils "O" Tract to be dedicated by War Horse Development Corporation "P" Schedule for Completion of EDC Improvements "Q" Schedule for Construction of the Hospital "R" Documents to be maintained by Landowner and IASIS "S" Post-Closing Deliverables 'T' Drawing or picture showing existing Drainage District 7 canal "U" Drawing showing proposed location for Drainage District 7 canal "v" Schedule for construction of the MOB "W" March 28, 2003 Letter of Mr. McCreary of Vinson & Elkin~ 28 Exhibit "A" Schematic Picture of the entire (approximately) 155 acres owned by Landowner Exhibit "B" Schematic/Legal description ofapproximately thirty (30) acres to be sold by Landowner to IASIS for construction of the Hospital Exhibit "C" Schematic/Legal description of the approximately thin'y-four (34) acres owned by War Horse Development Corporation 31 Exhibit "D" Description of the Hospital Exhibit "E" Description of the MOB to be built by Landowner 33 Exhibit "F" Legal description of area wherein Landowner will build the MOB 34 Exhibit "G' Site studies (i.e., geotechnical reports) with respect to Hospital Site 35 Exhibit "H" EDC Improvements to be performed by design-build firm or construction company funded by EDC (l) Storm Sewer Systen'z All storm sewer facilities necessaryto provide storm water drainage outside the boundaries of the Hospital Site to serve the Hospital Site and the MOB Site as required by City Code and by existing DD7 regulations. (2) Storm Water Detention and/or RetentJan All storm water detention or retention necessary for the Hospital Site and MOB Site at the adjacent DD7 pit, if allowed by existing DD7 regulations, or otherwise. (3) Sanitary Sewer S (stem. A minimum 6" sanitary sewer line using the City's sanitary sewer system (including any applicable meter, tap and impact fees) provided to two (2) locations five feet (5') outside the Hospital and the MOB. The sanitary sewer system shall be provided as necessary to provide sanitary sewer to the Hospital Site and MOB Site and as required byCity Code. (4) Domestic Water System. A minimum 6" water system utility line using the City water system (including any applicable meter, tap and impact fees) provided to a point five feet (5') outside the Hospital and the MOB as determined by City Code. The domestic water line shall be provided as necessary to provide potable water to the Hospital Site and as required byCity Code. (5) Fire Water Line System. 8" fire water line system (including meter, Siamese connection, tap and impact fees) provided in a loop around the Hospital and to a point five feet (5') outside the Hospital, as determined by IASIS, and the MOB. The fire water line shall be provided as required by City Code. (6) Pr/mary Access Road. A 4-lane divided road bulk to the Texas Department of Transportation standards shall be designed and built the length of one side of the longest side of the Hospital Site and connected to the Hospital parking lot as to provide access to the Hospkal Site. The EDC shall consult with IASIS regarding the design and location of the road and the EDC shall use its best efforts to design and locate all "curb cuts," if any, to the Hospital's and MOB's design specificatims. (7) Secondary Access Road. An additional 4-lane divided road or roads built to Texas Department of Transportation standards for this type of development shall be accessible to the 4-lane divided road listed in Section 2.1 (a)(6), above, from Highway 365 along the east edge of the Hospital Site, subject to all non-attainment zone consents and/or requirements imposed by the Texas Department of Transportation, if any. The EDC shall consult with IASIS regarding the design and location of the roads and the EDC shaliuse its best efforts to design and locate all "curb cuts," if any, to the Hospital's and MOB's design specifications. (8) Green Space. Use good faith efforts to obtain additional property, through donation, purchase or otherwisg to provide a green space as described in Exhibit "L", on property owned by Sun NLF, Mark Hayes, Zahieh Khodour, Sabine Neches, Inc. and Park Commercial Investors Ltd., or such other property as mutually agreed to by Landowner, IASIS and the EDC that will connect the hospital site to Highway 69. Exhibit "F' Design Services for Building Pad Improvements and cutting, clearing and grubbing, to be performed by IASIS contractors at Landowner's expense Exhibit "J" Resolution of the City Council o£the City of Port Arthur for the City 38 Exhibit "K" Minutes of the Board of Directors of the EDC documenting approval of Agreement Exhibit "L" Drawing of Green Space Exhibit "M" Form of Escrow Agreement 41 Exhibit "N" Site Map o£the Landowner's forty (40) acre site to be used for depositing spoils This area shall generally extend from the boundaries of the proposed IASIS Hospital Site to the DD7 pit and to the Southwestem boundaries of the property described in Exhibit "A" Exhibit "O" Tract to be dedicated by War Horse Development Corporation Approximately one (I) acre ar the southwest comer of the War Horse tract 43 Exhibit "P" Schedule for Completion of EDC Improvements Draft Within one hundred fifo~ (150) days after the Effective Date, plans and specifications for water. sewer, drainage, utilities, erosion control, and grading included within the EDC ~-nprovemems Exhibit "Q" Schedule for Construction of the Hospital Draft 1. Within one hundred fifty (150) days of the Effective Date. detailed design drawings for construction of the Building Pad Improvements and the Hospital: 2. Within one two hundred ten (210) days of the Effective Date. submittal of all necessary documentation to the City for a building permit review: 3. Within one hundred twenty (120) days after the Effective Date, legal description of the property contiguous or adjacent to the Hospital, to be attached as Exhibit "F" (the "MOB Site"); 4. Within One Hundred-Twenty (120) days after the Effective Date, a copy of the MOB Development Agreement between Landowner and IASIS, including a description of the medical office building ("MOB") to be built by Landowner, to be attached as Exhibit 5. Within one hundred twenty (120) days after the Effective Date, legal description of the property contiguous or adjacent to the Hospital, to be attached as Exhibit "F" (the "MOB Site"); 6. Within days after the Effective Date. an agreement with DD7 to relocate the drainage district canal as presently delineated in Exhibit ~T" to a new location, as delineated in Exhibit "U', with Landowner deeding the fee title to the new drainage district canal to DD7 and with such relocation to be completed by DD7 within days after the Effective Date of this Agreement, at no cost to the EDC or to the City. 7. See attached. Exhibit "R" Documents to be maintained by Landowner and IASIS See attached. 4~ Exhibit "S" Post-Closing Deliverables Pursuant to Section 16.17 of the Agreement, this Exhibit sets forth each of the Parties' Post-Closing Deliverables. The Parties understand that there is a substantiaI amount of due cliligence required by each Party to confirm the feasibilityof proceeding with the obligations of the Parties pursuant to this Agreement. Within thirty (30) days after the Effective Date of this Agreement, unless otherwise expressly stated, each of the Parties agree to complete the undertakings set forth below, the failure of which shall constitute breach of a post-closing condition giving rise to termination rights as set fa'th in Article XV: A. EDC Deliverables. The EDC shall deliver and provide IASIS and Landowner the following: 1. Within sixty(60) days after the Effective Date, a copy of the EDC's contract with its desil~ffbuild firm; 2. EDC Improvemonts within sixty (60) days after the Effective Date, calculation of borrowing capacity from the EDC's financial advisor for all costs to be paid by the EDC related to the EDC Improvements through sales tax bond financing or otherwise: 3. A mutually agreeable time schedule fc~ completion of EDC Improvemems, to be attached as Exhibit "P", in form satisfactffy to IASIS; 4. Within sixty (60) days, written confirmation of the EDC's ability to secure the right of way on Jimmy Johnson Boulevard as required byExhibit "L"; 5. Receipt of all non-attainment zone consents and/or approvals required frcrn all federal, state and local authorities, including specificallythe Texas Department of Transportation, with respect to the planned construction of roads as described (n Exhibit "H" and/or confh'mation from the EDC that no such consents and/or approvals are required B. IASIS Deliverables. IASIS shall deliver and provide the EDC and Landowner with the following: 1. Copies of all site studies for the land described inExhibit "A"., including the Hospital Site, prepared or obtained by IASIS, to be attached as Exhibit "E"; 2. Schematic plans for the approximately 300,000 square font, 220-bed acute care hospital to be constructed bylASIS on the Hospital Site, to include medical/surgical, emergency and imaging services (the '5Iospital'), to be attached as Exhibit "D", including a "footprint" showing the proposed dimensions and location of the Hospital on the Hospital Site and the MOB on the MOB Site, location of the proposed streets, location of the parking lots, and location of the utility lines; 3. Within thirty(30) days of the Effective Date, a copy oflASIS' form of agreement with its architectural firrc~ Thomas, Miller & Partners, LLC, and its general contractor, R.J. Griff'm & Company, with respect to construction of the Hospital; 4. Description of the Building Pad Improvements, including a firm estimate of all costs related tothe performance of all cut, clear/flub and compaction requirements, to be attached as Exhibit 'T' ("Building Pad Improvements"); 5. Within sixty (60) days after the Effective Date, IASIS shall deliver a fully executed escrow agreement in a form substantially similar to attached Exhibit "M"; 6. Acquisition of the land described in the Purchase Ageement within ten (10) da~s after the EDC confirms in writing that it has funding availabilityunder this Agreement as stipulated under item A(2) of Exhibit "S", provided all conditions to closing described in the Purchase Agreement are fulfilled; 7. A mutually agreeable time schedule fac construction of Hospital, to be attached as Exhibit -Q,,; 47 8. Within sixty (60) days after the Effective Date,IASIS shall deliver writtenconfmuation of the availability of adequate fill from DD7 as required for the Hospital development project as required by Exhibit "H"; and 9. Within sixty (60) days after the Effective Date, written confirmation from a geotechnical engineer selected by IASIS of suitability of adequate fill from the landfill site immediately adjacent to the Hospital Site in the quantity md quality required by IASIS for completion of the Building Pad Improvements. C. Landowner Deliverables. Landowner shall deliver and provide the EDC and IASIS with the following: 1. Application to change the zoning on the property described in Exhibit "A" as to allow for the development of a Business Park, Hospital and MOB. The City and the EDC will assist Landowner in the review and processing of the Landowner's application. 2. Legal description of the approximately thirty (30) acres, to be attached as Exlfibit "B" (the "Hospital Site"); 3. Copies of all site studies fac the land described inExhibit "A", including the Hospital Site, prepared or obtained by Landowner. to be attached as Exh/bit "G'" 4. Within sixty (60) days after the Effectixe Date. Landowner shall transfer bydeed to the EDC the five (5) frontage acres of real property and shall transfer bydeed to the EDC approximately seventeen (17) acres for right of way and utilitypurposes: 5. Delivery of an acceptable commitment for title insurance on the Hospital Site property from Port Arthur Abstract; 6. Within twenty (20) days after the Effective Date of this Agreement. Landowner shall deliver to the EDC a plat showing the five (5) acresto be deeded to the EDC: 7. Affidavits ofnon-preduction and waivers of rights of entry within sixty(60) days of the Effective Date of this Agreement; 8. Reciprocal use easements, access easetrents and all related cdlateral documents or agreements within twenty (20) days of the Effective Date of this Agreement. 9. Within thirty (30) days after the Effective Date. the Landowner shall deliver a fully executed escrow agreement in a form substantially similar to attached Exhibit ~'M"; 10. Within sixty (60) days after the Effective Date. the Landowner shall escrow funds with a mutually agreeable banking institution in an amount equal to at least one-half of the cost of the Building Pad Improvements and the full costs of cutting, clearing and grubbing the Hospital and MOB Site and with the remainder to be funded consistent with the terms of the Escrow Agreement. 11. A mutually agreeable time schedule for the construction o f the MOBto be attached as Exhibit 4~ EXHIBIT "T" Drawing or picture showing existing Drainage District 7 ("DD7") Canal EXHIBIT "U" Drawing showing proposed location for Drainage District 7 ("DD7") Canal EXHIBIT Slchcdul~ for construction of thc MOB EXHIBIT "W" Frank McCreary, of VINSON & ELKINS, letter dated March 28, 2003 EXHIBIT "B" 04/25/03-e STATE OF TEXAS COUNTY OF JEFFERSON DESIGN/BUILDER CONTRACT WHEREAS, the City of Port Arthur Section 4A Economic Development Corporation has, as of this date, entered into, or plans to enter into, an Economic Incentive Agreement with IASIS Healthcare Corporation and Williams & Rao, L. P., (hereafter called IASIS/Williams & Rao Economic Incentive Agreement), as to have IASIS Healthcare Corporation build a new Hospital, and to have Williams & Rao, L. P., build a new Medical Office Building (MOB) on the approximately thirty (30) acre tract that is described in Exhibit 'B" of the Williams & Rao economic incentive agreement; and, WHEREAS, IASIS Healthcare Corporation and Williams & Rao, L. P., have requested that the City of Port Arthur Section 4A Economic Development Corporation (hereinafter called Owner or EDC) provide certain site improvements, and WHEREAS, the City of Port Arthur Section 4A Economic Development Corporation has advertised for Request for Qualifications from Design/Builder firms for site improvements; and, WHEREAS, IASIS Healthcare Corporation has indicated that it will use R. J. Griffin & Company, W. T. Byler, Thomas Miller & Partners, L. L. C., and Ingram Civil Engineering Group to design and construct the Hospital, and WHEREAS, Williams & Rao, L. P. will be contracting separately for the Medical Office Building, and WHEREAS, the City of Port Arthur Section 4A Economic Development Corporation believes based on (1) their Qualifications filed on or about March 3, 2003, and (2) their demonstrated competence as shown in their timely completion of the adjacent Park Central Crossing site, that LaGrone Services Inc. and Carney Engineering have the most experience and qualifications to provide design work, as well as site and other improvements, that are being requested of the EDC to perform in the IASIS/Williams & Rao L. P., Economic Incentive Agreement; and, WHEREAS, the City of Port Arthur Section 4A Economic DeVelopment Corporation, LaGrone Services Inc. and Carney Engineering desire to enter into the following agreement: The City of Port Arthur Section 4A Economic Development Corporation of Port Arthur, Texas, and LaGrone Services Inc. and Carney Engineering, hereinafter called DESIGN/BUILDER in consideration of the mutual covenants hereinafter set forth, agree as follows: ARTICLE 1. WORK 1.01. Design/Builder shall complete all Work as specified or indicated in the Contract Documents. The Work is generally described as follows: Provide all labor, material and equipment necessary to design and build, as described in the EDC deliverables in Article II, Section 2.1(a) (1), (2), (3), (4), (5), (6), and (7) of the IASIS/Williams & Rao, L. P., Economic Incentive Agreement, as more fully described in Exhibits I and II, and as also described below: ~* Storm Sewer System. Ail storm sewer facilities necessary to provide storm water drainage outside the boundaries of the Hospital Site to serve the Hospital Site, the MOB Site and new public roadways as required by City Code and by existing DD7 regulations. * Storm Water Detention and/or Retention. Ail storm water detention or retention necessary for the Hospital Site, MOB Site and public roadways at the adjacent DD7 pit, subject to allowance by existing DD7 regulations. * Sanitary Sewer System. A minimum 6" sanitary sewer line using the City's sanitary sewer system provided at two (2) locations, five feet (5') outside the Hospital and the MOB. The sanitary sewer system shall be provided as necessary to provide sanitary sewer to the Hospital Site and MOB Site and as required by City Code. * Domestic Water System. A minimum 6" water system utility line using the City water system provided to a point five feet (5') outside the Hospital and the MOB as determined by City Code. The domestic water line shall be provided, as necessary, to provide potable water to the Hospital Site and MOB site, as required by City Code. * Fire Water Line System. 8" fire water line system including meter and Siamese connection provided in a loop around the Hospital and to a point five feet (5') outside the Hospital and the MOB, as determined by IASIS. The fire water line shall be provided as required by City Code. * Primary Access Road. A 4-lane divided road built to the Texas Department of Transportation standards shall be designed and built the length of one side of the longest side of the Hospital Site and connected to the Hospital parking lot as to provide access to the 04/25/03-e Hospital Site. The Design/Builder shall consult with IASIS regarding the design and location of the road, and the Design/Builder shall use its best efforts to design and locate all ~curb cuts," if any, to the Hospital' s and MOB' s design specifications. * Secondary Access Road. An additional 4-lane divided road or roads built to Texas Department of Transportation standards for this type of development shall be accessible to the Hospital Site, subject to all non-attainment zone consents and/or requirements imposed by the Texas Department of Transportation, if any. The Design/Builder shall consult with IASIS regarding the design and location of the roads and the Design/Builder shall use its best efforts to design and locate all ~curb cuts," if any, to the Hospital's and MOB's design specifications. ARTICLE 2. THE PROJECT 2.01. The Project for which the Work under the Contract Documents may be the whole or only a part is generally described as follows: Public Infrastructure as denoted in IASIS/Williams & Rao, L. P. Economic Incentive Agreement ARTICLE 3. CONTRACT TIMES 3.01. Days to Achieve Substantial Completion and Final Payment The Work will be substantially completed within the days, as described in Exhibit -"A-Phase I" and Exhibit "B-Phase II". 3.02. Notice to Proceed for Each Phase The Design/Builder shall not proceed on any phase until it receives a notice to proceed issued by the Owner's Representative of the City of Port Arthur Section 4A Economic Development Corporation as this Design/Builder contract is contingent upon (1) completion of other tasks by other entities as delineated in the IASIS/Williams & Rao, L. P., Economic Incentive Agreement, (2) availability of funding and (3) the availability of rights-of-way and easements. The Notice to Proceed as to Phase I will be given on the Effective Date of the IASIS / Williams & Rao, L. P. Economic Incentive Agreement and once said Economic Incentive Agreement is signed by all parties thereto. 3.03. Liquidated Damages A. Design/Builder and Owner recognize that time is of the essence of this Agreement and that Owner will suffer financial loss if the Work is not completed within the times specified in paragraph 3.01 above, plus any extensions thereof allowed in accordance with 04/25/03-e paragraph 11 of the General Conditions. The parties also recognize the delays, expenses and difficulties involved in proving the actual loss suffered by O~rner if the Work is not completed on time. Accordingly, instead of requirin9 any such proof, Owner and Design/Builder agree that as liquidated damages for delay (but not as a penalty), Design/Builder shall pay $500 to the Owner for each day that expires after the time specified in paragraph 3.01 for Substantial Completion until the Work is substantially complete. After Substantial Completion, if Design/Builder shall neglect, refuse or fail to complete the remaining Work within the time specified in paragraph 3.01 for completion and readiness for final payment or any proper extension thereof granted by Owner, Design/Builder shall pay Owner $500 for each day that expires after the time specified in paragraph 3.01 for completion and readiness for final payment. The design/build firm shall receive a bonus of $ 500 per day for early completion, not to exceed a maximum of $ 10,000. ARTICLE 4. INSURANCE AND BONDS The Design/Builder shall have at least $ 250,000 in professional liability insurance and shall have performance and payment bonds for the construction portion of the agreement which is estimated at $5,247,000. ARTICLE 5. OWNER'S REPRESENTATIVES The Owner's Representatives shall be the City Manager of the City of Port Arthur or his Designee and the Executive Director of the EDC or his designee. ARTICLE 6. CONTR3~CT PRICE 6.01. Owller shall pay Design/Builder the following sum(s) for completion of each phase of the Work in accordance with the Contract Documents. For a price of $466,071 for Phase I (Exhibit "A"); and For a price of $5,353,216 for Phase II (Exhibit "B"); ARTICLE 7. PAYMENT PROCEDURES Design/Builder shall submit and Owner will process Applications for Payment in accordance with Article 13 of the General Conditions. A. Progress Payments; Retainage. Owner shall make progress payments on account of the Contract Price on the basis of Design/Builder's Applications for Payment, which are to be submitted 04/2s/03-e on or about the 1st day of each month during performance of the Work. All such payments will be based on the Schedule of Values established in paragraph 2.06 of the General Conditions. Prior to Substantial Completion, progress payments will be made in an amount equal to the percentage indicated below, but, in each case, less the aggregate of payments previously made and less such amounts as Owner may withhold in accordance with paragraph 13.03 of the General Conditions. 90% percent of Work completed (with the balance being retainage) B. Pinal Payment. Upon final completion and acceptance of the Work in accordance with paragraph 13.09 of the General Conditions, and upon proper submittal of affidavits that all subcontractors and suppliers have been paid, Owner shall pay the remainder of the contract price. The Owner shall also pay upon a conditional lien release if it is signed by the Design/Builder and by the applicable subcontractor or supplier. ARTICLE 8. INTEREST 8.01. All moneys not paid when due, as provided in Article 13 of the General Conditions, shall bear interest at the rate of 12 percent per annum. ARTICLE 9. DESIGN/BUILDER'S REPRESENTATIONS 9.01. To induce Owner to enter into this Agreement, Design/Builder makes the following representations: A. Design/Builder has examined and carefully studied the Contract Documents. B. Design/Builder has visited the Site and become familiar with and is satisfied as to the general, local, and Site conditions that may affect cost, progress, performance or furnishing of the Work. C. Design/Builder is familiar with and is satisfied as to all federal, state and local Laws and Regulations that may affect cost, progress, performance or furnishing of the Work. This includes but is not limited to the regulations of the Texas Department of Transportation and Drainage District 7. D. Design/Builder has carefully studied or will carefully study all reports of explorations and tests of subsurface conditions at or contiguous to the Site and all drawings of physical conditions in or o4/25/0~-e relating to existing surface or subsurface structures at or contiguous to the Site. E. Design/Builder is aware of the general nature of work to be performed by others at the Site including the contractors and engineers of IASIS and Williams & Rao, LP that relates to the Work as indicated in the Contract Documents. F. Design/Builder has correlated or will correlate the information known to Design/Builder, information and observations obtained from visits to the Site, reports and drawings identified in the Contract Documents, and all additional examinations, investigations, explorations, tests, studies and data with the Contract Documents. Design/Builder has contacted and has obtained approval, or will obtain approval, from Drainage District 7 as to obtaining fill dirt from their adjacent pit, obtaining access over their land for purposes of transporting the dirt and for other construction activities needed for the IASIS/Williams & Rao Economic Incentive Agreement, and as to using the DD7 pit for outfall and retention for the drainage needs of the project. H. Design/Builder has given Owner written notice of all conflicts, errors, ambiguities or discrepancies that Design/Builder has discovered in the Contract Documents and the written resolution thereof by Owner is acceptable to Design/Builder, and the Contract Documents are generally sufficient to indicate and convey understanding of all terms and conditions for performance and furnishing of the Work. ARTICLE 10. CONTRACT DOCUMENTS 10.01. The Contract Documents, between Owner and Design/Builder concerning the Work, following: which comprise the entire agreement consist of the This Agreement (pages 1 to 10, inclusive); Exhibits "A", "B" and "C" to this Agreement; Design/Builder's Qualifications dated March 3, 2003 and their proposal dated April 21, 2003; Notices to proceed for each Phase; Performance and Payment Bonds only for the construction portion of this agreement; 04/25/03-e Standard General Conditions of the Contract Between Owner and Design/Builder (with the deletion of Section 4.04); Requirements of Design and construction in the EDC deliverables and other relevant information as to the requirements for an EDC contractor and for the waiver of permit fees in the IASIS/Williams & Rao Economic Incentive Agreement; The following, which may be delivered, prepared, or issued after the Effective Date of this Agreement and are not attached hereto: 1. Ail written amendments and other documents amending, modifying or supplementing the Contrac~ Documenss pursuant to paragraph 3.03.A of the General Conditions; 2. Specifications as defined in Paragraph 1.01.A.42 of the General Conditions; and 3. Drawings as defined in Paragraph 1.01.A.18 of the General Conditions. 10.02. There are no Contract Documents other than those listed above in this Article 10. 10.03. The Contract Documents may only be amended, modified, or supplemented as provided in paragraph 3.03 of the General Conditions. ARTICLE 11. MISCELLANEOUS 11.01. The Standard General Conditions of the ContracE Between Owner and Design/Builder are referred to herein as the General Conditions. 11.02. Terms used in this Owner-Design/Builder Agreement, which are defined in Article 1 of the General Conditions, will have the meanings indicated therein. 11.03. No assignment by a party hereto of any rights under or interests in the Contract Documents will be binding on another party hereto without the written consent of the party sought to be bound; and, specifically but without limitation, moneys that may become due and moneys that are due, may not be assigned without such consent (except to the extent that the effect of this restriction may be limited by law), and unless specifically stated to the contrary in any written consent to an assignment, no assignment will release or discharge the assignor from any duty or responsibility under the Contract Documents. 04/~5/03-e 11.04. Owner and Design/Builder each binds itself, its successors, assigns and legal representatives to the other party hereto, its partners, successors, assigns and legal representatives in respect to all covenants, agreements and obligations contained in the Contract Documents. 11.05. Any provision or part of the Contract Documents held to be void or unenforceable under any Law or Regulation shall be deemed stricken, and all remaining provisions shall continue to be valid and binding upon Owner and Design/Builder, who agree that the Contract Documents shall be reformed to replace such stricken provision or part thereof with a valid and enforceable provision that comes as close as possible to expressing the intention of the stricken provision. 11.06. The Design/Builder shall allow IASIS and its general contractor to meet and confer regarding the proposed improvements, as further delineated in Section 7.2 of the IASIS/Williams & Rao, L. P., Economic Incentive Agreement and shall further cooperate with the City, IASIS, as well as Williams & Rao, L.P., to accomplish the goals as delineated in the IASIS/Williams & Rao, L. P. Economic Incentive Agreement. 11.07. The Design/Builder shall complete the improvements in the timetables, as delineated in Exkibits "A" and ~B" without opportunity for change orders for additional days associated with weather delays, as more fully delineated in Article VII of the IASIS/Williams & Rao, L. P., Economic Incentive Agreement. 11.08. If there is a default by Williams & Rao, L. P. or IASIS Healthcare Corporation, the owner may terminate this contract with (ten) 10 days written notice. The owner may also terminate for convenience as noted in the General Conditions. 11.09. The Design/Builder shall also do the following, Exhibit "P" and Exhibit ~S" of the IASIS/Williams & Rao, Economic Incentive Agreement: as noted in L.P., within one hundred fifty (150) days, prepare plans and specifications for water, sewer, drainage, utilities, erosion control, and grading included within the EDC Improvements The Design/Builder will obtain all non-attainment zone consents and/or approvals required from all federal, state and local authorities, including specifically the Texas Department of Transportation, with respect to the planned construction of roads as described on Exhibit ~H" of the IASIS, williams & Rao, L. P., Economic Incentive Agreement and/or confirmation that no such consents and/or approvals are required. 11.10 Design/Builder shall maintain and timely provide the information as required by IASIS and Williams & Rao, L. P., as to all work performed by the Design/Builder and as further delineated in Article VIII, Article XI and Section 14.3 of the IASIS/Williams & Rao, L. P. Economic Incentive Agreement. 11.11. Design/Builder shall coordinate completion of the EDC improvements with the construction of the Hospital as delineated in the IASIS/Williams & Rao, L. P. Economic Incentive Agreement. 11.12. Employment/Contracting Opportunities (i) To the greatest extent feasible, opportunities for training and employment arising in connection with the planning and carrying out of any project assisted with EDC funds provided under this Agreement be given to City of Port Arthur residents, including but not limited to, minorities; and (ii) To the greatest extent feasible, contracts for work to be performed in connection with any such project be awarded to City residents, including, but not limited to, minorities and businesses, including, but not limited to, individuals or firms doing business in the field of planning, consulting, design, architecture, building construction, rehabilitation, maintenance, or repair, which are located in or owned in substantial part by persons residing in the City of Port Arthur; and (iii) The Parties shall notify the EDC of employment opportunities as to give the EDC reasonable opportunity to forward names and resumes of City of Port Arthur residents, including, but not limited to, minorities; and (iv) The Parties shall advertise in the Port Arthur News as to all contracting employment and/or training opportunities. 11.13. The Owner has, as of this date, entered into or plans to enter into, purchase agreements with Sun NLF, Zahieh Khodour, Sabine Neches, Inc., Park Commercial Investors and Mark Hayes, for a 100' Right-of-Way and for a landscaping easement. Said Agreements may provide up to two (2) curb cuts per each side of the proposed extension per tract, provide coordinated median openings to ensure access to each side of the proposed extension of the road as per AASHTO geometric design guidelines and the relocation of the existin~ flexible base material on the Hayes tract to a new location on the tract of Sabine Neches, Inc. The Design/Builder shall do this work as part of this project. 04/25/03-e IN WITNESS WHEREOF, Owner and Design/Builder have signed this Agreement in duplicate. One counterpart each has been delivered to Owner and Design/Builder. All portions of the Contract Documents have been signed, initialed or identified by Owner and Design/Builder. This Owner-Design/Builder Agreement will be effective on the __ day of , 2003. SIGNED and AGREED to on this the OWNER: BY: day o£ , CITY OF PORT ARTHUR SECTION 4A ECONOMIC DEVELOPMENT CORPORATION OF PORT ARTHUR, TEXAS ATTEST: ADDRESS FOR GIVING NOTICES= 444 4TH Street Port Arthur, Texas 77641 SIGNED and AGREED to on this the DESIGN/BUILDER= LAGRONE SERVICES, INC. BY: Attest: ADDRESS FOR GIVING NOTICES: day of 2003. 2003. SIGNED and AGREED to on this the 2003. day of 04/25/03-e CAP. NEY ENGINEERING BY: Attest: ADDRESS FOR GIVING NOTICES: Engineering License No. APPROVED AS TO FORM: Jim Wimberley, Attorney at Law Mark Sokolow, City Attorney 04/25/03-e EXHIBIT "A" PHASE I Clear & grub roadways and utility routes Site fence installation around thirty (30) acre hospital/MOB and roadways Temporary construction entrances Design costs for first sixty (60) days. Schedule shall be as delineated in LSI proposal with adjustments thereto based on the timing of the Notice to Proceed. $ 466,071 This price is subject to the exceptions as denoted in Exhibit ~C" EXHIBIT PHASE II Utility and roadway design/administration. Material testing. Strip roadways Roadway fill & preparation. Lime stabilization to a depth of 6" @ 6%. Concrete roadways constructed to TXDOT standards for a 4~lane Park Central Boulevard Concrete roadways constructed to TXDOT standards for the 4-lane extension of Jimmy Johnson Boulevard Street lights along Park Central Boulevard and the Jinuny Johnson Boulevard extension Sanitary sewer service to within 5 feet of the Hospital building and the M.O.B. tied into the existing City of Port Arthur system. Storm sewer system for the new 4-lane roadways. System to outfall at the adjacent DD7 pit. Storm sewer system for the 30-acre Hospital / MOB site. Domestic water service lines to within five (5') feet of the Hospital building and the MOB 8" Fire Water loop around Hospital / MOB brought to within 5' of the Hospital building and the MOB Other services as required from the EDC design build contractor as delineated in uhe IASIS/EDC Economic Incentive Agreemenu. Schedule shall be as delineated in ~he LSI Proposal with adjustments thereto based on the timing of the Notice ~o Proceed $ 5,353,216 This price is subject to the exceptions in Exhibit ~C". 04/25/03-e EXHIBIT The Design/Builder has not included any costs for and specifically exclude the following items from this contract: Handling or removal of hazardous materials. Removal or relocation of any existing utilities (including gas lines). Developmenn, assessmenn & utility company fees. Builder's risk insurance. Landscaping & Irrigation. Well pointing. Resolution of wenland issues. Excavation, disposal and recompaction of unsuitable subgrade should unexpected and ttnanticipated conditions arise. Electrical service of any type. Gas service of any hype. This contract is based upon using fill material excavated from the DD7 Golden Pond Detention Facility. This contract is based upon one site mobilization. This contract is based upon burning all clearing debris on site LSI has a burn permit and has indicated that this is an available method of disposal. This contract includes the maintenance of the erosion controls during the duration of our work only. This contract includes a 6" thick, unformed, unreinforced concrete slab (20,000 s.f.) over the pipeline casement for the road crossing. This contract is based upon W. T. Byler Co., L. P. contracting with the Hospital's General Contractor for the fill and building pad for the Hospital / MOB site. This contract is based upon the site fill, road fill and building pad activities for the Hospital / MOB site being released to W. T. Byler CO., L. P. by IASIS no later than fifteen (15) days after the start of the Hospital / MOB site clearing. The cost for Phase II is based upon the Notice to Proceed for Phase II being issued on or before July 5, 2003.