HomeMy WebLinkAboutResolution No. 2025-118 Approving Contract with Builders of Hope of 10 Homes in Valwood ParkRESOLUTION NO. 2025-118
.'�c A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
FARMERS BRANCH, TEXAS, APPROVING A CONTRACT WITH
BUILDERS OF HOPE COMMUNITY DEVELOPMENT
FARMERS CORPORATION TO DEMOLISH EXISTING STRUCTURES AND
BRANCH CONSTRUCT UP TO TEN (10) NEW SINGLE-FAMILY HOMES AS
PART OF THE VALWOOD PARK REVITALIZATION PROJECT IN AN
AMOUNT NOT TO EXCEED $2,500,000.00; AUTHORIZING ITS
EXECUTION BY THE CITY MANAGER; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, the City of Famers Branch, Texas, and Builders of Hope Community Development
Corporation have negotiated a construction contract to demolish existing structures and construct up
to ten (10) new single-family homes as part of the Valwood Park Revitalization Project in conformance
with City Bid #25-25 (the "Project"); and
WHEREAS, City Administration recommends approval of the construction contract with
Builders of Hope Community Development Corporation for the Project; and
WHEREAS, upon full review and consideration of the proposed contract and all matters related
thereto, the City Council finds that the terms and conditions thereof should be approved and that
the City Manager, or designee, should be authorized to execute the contract on behalf of the City.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FARMERS BRANCH, TEXAS, THAT:
SECTION 1. The City Manager is hereby authorized to approve and execute the construction
contract between the City of Farmers Branch and Builders of Hope Community Development
Corporation to demolish existing structures and construct up to ten (10) new single-family homes as part
of the Valwood Park Revitalization Project in an amount not to exceed $2,500,000.00, and is further
authorized to accept and approve such additional change orders and contract amendments as the
City Manager deems reasonable, necessary, in the public interest, in compliance with applicable
law and City policy, and, in the case of an increase in contract price, subject to the availability of
funds.
SECTION 2. This Resolution shall become effective immediately from and after its passage.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF FARMERS
BRANCH, TEXAS, THIS 15th DAY OF JULY, 2025.
ATTEST:
L4,4);ga4a
Erin tWres, Citoecretary
APP VED:
Terry L Ane, Mayor
202
APPROVED AS TO FORM:
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Nicole Corr, City Attorney
[vf 07.08.25]
203
CONSTRUCTION SERVICES AGREEMENT
Valwood Park Revitalization Project RFP# 25-25
This CONSTRUCTION SERVICES AGREEMENT ("Agreement") is made as of the Effective
Date by and between Builders of Hope Community Development Corporation, a Texas nonprofit
corporation, hereinafter called "Contractor", and the City of Farmers Branch, Texas, hereinafter called
o�C�ll
RECITALS
WHEREAS, the City desires the Contractor to perform certain work and services set forth in
Section 1, below; and
WHEREAS, Contractor has expressed a willingness to perform said work and services, hereinafter
referred to only as "services", specified in the Contract Documents and Section 1 of this Agreement.
NOW, THEREFORE, for and in consideration of the covenants and promises made one to the
other herein, City and Contractor agree as follows:
Section 1. Scone of Services
Upon issuance of a written notice to proceed by City, Contractor agrees to provide to City the
necessary services, labor, materials, equipment, and supplies to demolish existing structures and construct
up to ten (10) new single-family homes as part of the Valwood Park Revitalization Project (the "Project"),
such services being more fully described in Contractor's Proposal in response to RFP# 25-25 dated July 7,
2025, attached hereto as Exhibit A ("Proposal") and pursuant to the plans and specifications identified in
the Contract Documents (defined below).
Section 2. Term of Agreement
The term of this Agreement shall begin on the last date of execution hereof (the "Effective Date")
and shall continue until Contractor completes the services required herein to the satisfaction of City and
has been paid in full by City, unless sooner terminated in conformance with this Agreement.
Section 3. Contract Documents
(a) This Agreement is a part of the "Contract Documents", which include:
(1) This Agreement, including all exhibits and addenda hereto;
(2) City's plans, specifications, and all other contract documents for the Project
referenced and contained in RFP# 25-25 for the Project;
(3) City's written notice(s) to proceed to the Contractor;
(4) Properly authorized change orders;
(5) Contractor's Proposal; and
(6) Any other materials distributed by the City that relate to the Project.
In the event there exists a conflict between any term, provision, and/or interpretation of the Contract
Documents, the documents shall take precedent and control in the order listed above in this section (which
shall supersede any conflicting provision concerning priority of contract documents contained in the Bid
Packet). If discrepancies are found that may impact Contractor's performance of the services for the
Project, it shall be the Contractor's obligation to seek clarification as to which requirements or provisions
control before undertaking any work on that component of the Project. Should the Contractor fail or refuse
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to seek a clarification of such conflicting or inconsistent requirements or provisions prior to any work on
that component of the Project, the Contractor shall be solely responsible for the costs and expenses -
including additional time - necessary to cure, repair and/or correct that component of the Project.
Section 4. Contractor Obligations
(a) Performance of Services. To the extent reasonably necessary for Contractor to perform the
services under this Agreement, Contractor shall be authorized to engage the services of any agents,
assistants, persons, or corporations that Contractor may deem proper to aid or assist in the performance of
the services under this Agreement with the prior written approval of City. The cost of such personnel and
assistance shall be a reimbursable expense to the Contractor only if authorized in writing in advance by
City. Unless otherwise agreed, Contractor shall provide and pay for all materials, supplies, machinery,
equipment, tools, superintendence, labor, insurance, and all water, light, power, fuel, transportation and all
other facilities necessary for the execution and completion of the Project.
(b) Quality Materials. Contractor shall be responsible for the professional quality, technical
accuracy, and the coordination of all materials, construction, installation and other services furnished by
Contractor under this Agreement. Unless otherwise specified in writing by City, all materials shall be new
and both workmanship and materials shall be of a good quality. Contractor shall, if required, furnish
satisfactory evidence as to the kind and quality of materials. Materials or work described in the Contract
Documents that, so applied, have well known, technical or trade meaning shall be held to refer to such
recognized standards. Contractor shall, without additional compensation, correct or revise any errors or
deficiencies in the installation and construction of the Project components to conform as shown in the
Project drawings and specifications.
(c) Additional Services. All minor details of the work not specifically mentioned in the
Contract Documents but obviously necessary for the proper completion of the work, such as the proper
connection of new work to old, shall be considered as incidental to and a part of the work for which the
prices are set forth in this Agreement. Contractor will not be entitled to any additional compensation
therefor unless specifically stated otherwise. Should City require additional services not included under
this Agreement, Contractor shall make reasonable effort to provide such additional services at mutually
agreed charges or rates, and within the time schedule prescribed by City, and without decreasing the
effectiveness of the performance of services required under this Agreement. The terms "extra work" and
"additional services" as used in this Agreement shall be understood to mean and include all work that may
be required by City to be done by Contractor to accomplish any alteration or addition to the work as shown
on the Project plans and drawings. It is agreed that Contractor shall perform all extra work under the
direction of the City's representative when presented with a written work/change order signed by the City's
representative, subject, however, to the right of Contractor to require written confirmation of such extra
work order by City. No claims for extra services, additional services or changes in the services whatsoever,
including any change in pricing or time for performance related to the services will be made by Contractor
without first obtaining the City's written agreement and approval of a work/change order reflecting the
same.
(d) Independent Contractor. It is understood and agreed by and between the parties that
Contractor, while performing under this Agreement, is acting independently, and that City assumes no
responsibility or liabilities to any third party in connection with Contractor's acts or omissions. All services
to be performed by Contractor pursuant to this Agreement shall be in the capacity of an independent
contractor, and not as an agent or employee of City. Contractor shall supervise the performance of its
services and shall be entitled to control the manner and means by which its services are to be performed,
subject to the terms of this Agreement. There is no intended third -party beneficiary to this Agreement.
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(e) Inspection of Records. Contractor grants City and its designees the right to audit, examine,
or inspect, at City's election, all of Contractor's Records relating to the performance of services under this
Agreement, during the term of the Agreement and any retention period herein. City's audit, examination,
or inspection of Contractor's Records may be performed by a City designee, which may include its internal
auditors or an outside representative engaged by City. Contractor agrees to retain Contractor's Records for
a minimum of four (4) years following termination of the Agreement, unless there is an ongoing dispute
under the contract; then, such retention period shall extend until final resolution of the dispute.
"Contractor's Records" shall include any and all information, materials and data of every kind and character
generated as a result of the services under this Agreement. City agrees that it will exercise its right to audit,
examine or inspect Contractor's Records only during regular business hours unless City has provided
advance written notice of an alternate time. Contractor agrees to allow City and its designees access to all
of Contractor's Records, Contractor's facilities and the current or former employees of Contractor, deemed
necessary by City or its designee(s), to perform such audit, inspection, or examination.
(f) Certification of No Conflicts. Contractor hereby warrants to the City that Contractor has
made full disclosure in writing of any existing or potential conflicts of interest related to Contractor's
services under this Agreement. In the event that any conflicts of interest arise after the Effective Date of
this Agreement, Contractor hereby agrees immediately to make full disclosure to the City in writing.
(g) No Waiver of City's Rights. Neither City's review, approval or acceptance of, nor payment
for any of the materials or services required under this Agreement, shall be construed to operate as a waiver
of any rights under this Agreement or of any cause of action arising out of the performance of this
Agreement, and Contractor shall be and remain liable to City in accordance with applicable law for all
damages to City caused by Contractor's negligent performance of any of the services furnished under this
Agreement.
(h) Rights -of -Access. City will endeavor to provide such rights of access on any project site
as may be reasonably necessary for Contractor to perform any required preliminary site studies, surveys,
tests, or other necessary investigations prior to mobilization for the Project. Contractor will take all
necessary and reasonable precautions to minimize damage to all personal and real property in the
performance of such surveys, tests, studies and investigations.
(i) Compliance with Laws. Contractor shall comply with all laws, ordinances, rules, policies,
orders, directives, and other regulations governing Contractor's performance of this Agreement.
Section 5. Payment
(a) Compensation. City agrees to pay Contractor for all services authorized in writing and
properly performed by Contractor in conformance with the fee schedule set forth in Exhibit A, with a total
amount not to exceed TWO MILLION FIVE HUNDRED THOUSAND DOLLARS ($2,500,000.00)
("Contract Price"), subject to additions or deletions for change orders and/or extra work agreed upon in
writing.
(b) Method of Payment. Unless otherwise agreed by the parties in writing, payment to
Contractor shall be monthly based on a monthly progress report and detailed monthly itemized statement
for services submitted by Contractor that shows the names of the Contractor's employees, agents, or
subcontactors performing the services, the time worked, the actual services performed, and the rates charged
for such services, in a form acceptable to City. City shall pay such monthly statements within thirty (30)
days after receipt of a completed submission and City's verification of the services performed.
(c) Deductions; Withholding. City may deduct from any amounts due or to become due to
Contractor any sum or sums owing by Contractor to City. In the event of any breach by Contractor of any
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provision or obligation of this Agreement, or in the event of the assertion by any third -party of a claim or
lien against City, or the City's premises, arising out of Contractor's performance under this Agreement,
City shall have the right to retain out of any payments due or to become due to Contractor an amount
sufficient to completely protect the City from any and all loss, damage or expense therefrom, until the
breach, claim, or lien has been satisfactorily remedied by Contractor. Additionally, City may, on account
of subsequently discovered evidence, withhold the whole or part of any payment to such extent as may be
necessary to protect itself from loss on account of:
(1) defective work not remedied;
(2) claims filed or reasonable evidence indicating possible filing of claims;
(3) failure of Contractor to make payments promptly to subcontractors or for material or
labor which City may pay as an agent for the Contractor; or
(4) damages to another contractor or subcontractor.
When the above grounds are removed, or Contractor provides a letter of credit, or similar guaranty
satisfactory to City (to be determined in City's sole discretion) which will protect City in the amount
withheld because of said grounds, City will release the amounts withheld.
Section 6. Performance Schedule
(a) Time for Performance. Contractor shall perform all services as provided for under this
Agreement in a proper, efficient, timely, and professional manner in accordance with the City's
requirements.
(b) Extensions: Written Request Required. No allowance of any extension of time, for any
cause whatever (including an event of Force Majeure), shall be claimed by or granted to Contractor, unless
(i) Contractor shall have made written request to City for such extension within forty-eight (48) hours after
the cause for such extension occurred, and (ii) City and Contractor have agreed in writing that such
additional time shall be granted. As used in this section, the term "Force Majeure" shall mean that
Contractor's performance of the services under this Agreement is prevented or delayed, in whole or in part,
to such an extent that Contractor would not be able to complete the services (or any partial component
thereof) within the time for performance set forth herein by reason of or through work strikes, stoppage of
labor, riot, fire, flood, acts of war, insurrection, court judgment, act of God, pandemic, or other specific
cause reasonably beyond Contractor's control and not attributable to its malfeasance, neglect or
nonfeasance. Should Contractor timely request an extension of time due to an event of force majeure under
this section, City and Contractor may agree in writing to suspended Contractor's performance until such
disability to perform (other than a payment obligation) is removed; provided, that Contractor shall use
commercially reasonable efforts to remove any such causes and resume performance of the services under
this Agreement as soon as reasonably practicable.
(c) Costs of Delay. Contractor understands and agrees that time is of the essence of this
contract, and that for each day of delay beyond the number of calendar days agreed upon for the completion
of the work herein specified and contracted for (after due allowance for such extension of time as may
otherwise be provided for extension of time herein), the City may withhold permanently from the Contract
Price an amount equal to the reasonable estimation of the actual costs that are incurred by the City in the
event of such delay. In the event Contractor's performance under this Agreement is delayed or interfered
with, regardless of reason, Contractor shall not be entitled to any increase in fee or price, or to damages or
additional compensation as a consequence of such delays.
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Section 7. Ownershin of Proiect; Bill of Sale; No Liens
(a) Title of Ownership. Contractor warrants that title to all services, including all equipment
and materials incorporated into the Project, will pass to City no later than the time of final payment.
Contractor further warrants that upon payment by City, all services for which payments have been received
from City shall be free and clear of liens, claims, security interests or other encumbrances in favor of
Contractor or any other person or entity whatsoever.
(b) Assignment; Bill of Sale. Contractor agrees, no later than the time of completion of the
Project, to assign to City all manufacturer's warranties relating to equipment, materials and labor used in
the Project and further agrees it will at all times perform the services in a manner that will, to the greatest
extent possible, preserve all manufacturer's warranties. If necessary as a matter of law, Contractor may
retain the right to enforce directly any such manufacturers' warranties during the one year period following
the date of acceptance of the Project by City; provided that City's rights related to the same shall not be
subordinate to Contractor's enforcement rights.
CONTRACTOR AGREES TO INDEMNIFY, DEFEND, AND SAVE CITY HARMLESS FROM ALL
CLAIMS RELATED TO ANY DEMANDS OF SUBCONTRACTORS, LABORERS, WORKMEN,
MECHANICS, MATERIALMEN, AND SUPPLIERS OF MACHINERY AND PARTS THEREOF,
EQUIPMENT, POWER TOOLS, AND ALL SUPPLIES ARISING OUT OF THE PERFORMANCE OF
THIS AGREEMENT. CONTRACTOR SHALL FURNISH SATISFACTORY EVIDENCE THAT ALL
OBLIGATIONS DESCRIBED HEREIN HAVE BEEN PAID, DISCHARGED, OR WAIVED UPON
THE CITY'S WRITTEN REQUEST.
Section S. Default; Termination; Abandonment
(a) Default by Contractor. Should Contractor fail to comply with any term or condition this
Agreement applicable to Contractor, or become disabled and unable to comply with any provisions of this
Agreement related to the quality or character of the services or time of performance, Contractor shall be
deemed in default of this Agreement. If such default is not corrected within ten (10) days after written
notice by City to Contractor, City may, at its sole discretion and without prejudice to any other right or
remedy:
(1) terminate this Agreement and be relieved of any further payment or consideration to
Contractor except for all services determined by City to be satisfactorily completed prior
to such termination. Payment for work satisfactorily completed shall be for actual costs
incurred and non-refundable, including reasonable salaries and travel expenses of
Contractor to and from meetings called by City at which Contractor is required to attend,
but shall not include any loss of profit of Contractor. City may further proceed to complete
the services in any manner deemed proper by City, either by the use of its own forces or
by resubletting to others; or
(2) City may, without terminating this Agreement or taking over the services, furnish the
necessary materials, equipment, supplies and/or help necessary to remedy the situation, at
Contractor's sole expense.
(b) Suspension or Termination by C1ty. City may suspend or terminate this Agreement for
cause or without cause at any time by giving written notice to Contractor. In the event suspension or
termination is without cause, payment to Contractor, in accordance with the terms of this Agreement, will
be made based on services reasonably determined by City to be satisfactorily performed as of the date of
suspension or termination. Such payment will become payable upon delivery of all instruments of service
to City and City's acceptance of the same. If City requires a modification of the services under this
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Agreement, and in the event City and Contractor fail to agree upon such modification(s), City shall have
the option of terminating this Agreement and Contractor's services hereunder at no additional cost other
than the payment to Contractor in accordance with the terms of this Agreement for the services reasonably
determined by City to be properly performed prior to such termination date.
(c) Abandonment. If Contractor should abandon and fail or refuse to resume work within ten
(10) days after written notification from the City, or if Contractor fails to timely comply with the orders of
the City, when such orders are consistent with the Contract Documents, then, and in that case, where a
performance bond(s) exists, the surety on the bond(s) may be notified in writing by City and directed to
complete the work (at City's sole discretion), and a copy of said notice shall be delivered to Contractor.
After receiving said notice of abandonment, Contractor shall not remove from the work any machinery,
equipment, tools, materials or supplies then on the job, but the same, together with any materials and
equipment under contract for the work, may be held for use on the work by the City or the surety on the
performance bond, or another Contractor in completion of the work; and Contractor shall not receive any
rental or credit therefor, having hereby acknowledged that the use of such equipment and materials will
ultimately reduce the cost to complete the work and be reflected in the final settlement. In the event a surety
fails to comply with City's written notice provided for herein, then the City may provide for completion of
the work in either of the following elective manners:
(1) the City may employ such labor and use such machinery, equipment, tools, materials and
supplies as said City may deem necessary to complete the work and charge the expense of
such labor, machinery, equipment, tools, materials and supplies to Contractor, which shall
be deducted and paid by City out of such amounts as may be due, or that may thereafter at
any time become due to the Contractor under this Agreement. In case such expense is less
than the sum which would have been payable under this Agreement if the same had been
completed by the Contractor, then Contractor shall receive the difference. In case such
expense is greater than the sum which would have been payable under this Agreement if
the same had been completed by said Contractor, then the Contractor and/or its surety (ies)
shall pay the amount of such excess to the City; or
(2) the City may (under sealed bids when and in the manner required by law) let the contract
to another Contractor for the completion of the work under substantially the same terms
and conditions which are provided in this Agreement. In the case of any increase in cost
to the City under the new contract as compared to what would have been the cost under
this Agreement, such increase shall be charged to the Contractor and its surety (ies) shall
be and remain bound therefor. However, should the cost to complete any such new contract
prove to be less than what would have been the cost to complete under this Agreement, the
Contractor and/or its surety (ies) shall be credited therewith.
(d) Remedies Cumulative. The remedies in this section are cumulative and nothing herein shall
be deemed a waiver of any other remedy available to the City under this Agreement, including its remedies
upon default provided herein above.
Section 9. Insurance
Contractor shall during the term hereof maintain in full force and effect all policies of insurance
reasonably required by City and in compliance with the Contract Documents. Contractor's obligation to
provide acceptable certificates of insurance is a material condition of this Agreement, and services under
this Agreement shall not commence until certificates of insurance have been received, reviewed, and
accepted by City. The minimum coverages and limits of liability for the policies of insurance required
under this Agreement are maintained by and accessible through the City's purchasing department.
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Section 10. Indemnification
(a) Release of liabili CITY SHALL NOT BE LIABLE FOR ANY LOSS, DAMAGE, OR
INJURY OF ANY KIND OR CHARACTER TO ANY PERSON OR PROPERTY ARISING FROM THE
SERVICES OF CONTRACTOR PURSUANT TO THIS AGREEMENT. CONTRACTOR HEREBY
WAIVES ALL CLAIMS AGAINST CITY, ITS OFFICERS, AGENTS AND EMPLOYEES
(COLLECTIVELY REFERRED TO IN THIS SECTION AS "CITY") FOR DAMAGE TO ANY
PROPERTY OR INJURY TO, OR DEATH OF, ANY PERSON ARISING AT ANY TIME AND FROM
ANY CAUSE OTHER THAN THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF CITY
OR BREACH OF CITY'S OBLIGATIONS HEREUNDER.
(b) Contractor's Indemnity Obli ag tion. CONTRACTOR AGREES TO INDEMNIFY AND
SAVE HARMLESS CITY FROM AND AGAINST ANY AND ALL LIABILITIES, DAMAGES,
CLAIMS, SUITS, COSTS (INCLUDING COURT COSTS, REASONABLE ATTORNEYS' FEES AND
COSTS OF INVESTIGATION) AND ACTIONS OF ANY KIND BY REASON OF INJURY TO OR
DEATH OF ANY PERSON OR DAMAGE TO OR LOSS OF PROPERTY TO THE EXTENT CAUSED
BY CONTRACTOR'S PERFORMANCE OF SERVICES UNDER THIS AGREEMENT OR BY
REASON OF ANY NEGLIGENT ACT OR OMISSION ON THE PART OF CONTRACTOR, ITS
OFFICERS, DIRECTORS, SERVANTS, EMPLOYEES, REPRESENTATIVES, CONSULTANTS,
LICENSEES, SUCCESSORS OR PERMITTED ASSIGNS (EXCEPT WHEN SUCH LIABILITY,
CLAIMS, SUITS, COSTS, INJURIES, DEATHS OR DAMAGES ARISE, IN WHOLE OR IN PART,
FROM OR ARE ATTRIBUTED TO THE GROSS NEGLIGENCE OF CITY, IN WHICH CASE
CONTRACTOR SHALL INDEMNIFY CITY ONLY TO THE EXTENT OR PROPORTION OF
NEGLIGENCE ATTRIBUTED TO CONTRACTOR AND/OR ITS OFFICERS, DIRECTORS,
SERVANTS, EMPLOYEES, REPRESENTATIVES, CONSULTANTS, LICENSEES, SUCCESSORS
OR PERMITTED ASSIGNS AS DETERMINED BY A COURT OR OTHER FORUM OF COMPETENT
JURISDICTION).
(c) Notice of Claim(s). Contractor shall promptly advise City in writing of any claim or
demand against the City, related to or arising out of Contractor's acts or omissions under this Agreement
and shall see to the investigation and defense of such claims or demand at Contractor's sole cost and
expense; provided, that City, at its option and at its own expense, may participate in such defense without
relieving Contractor of any of its obligations hereunder.
CONTRACTOR'S OBLIGATIONS UNDER THIS SECTION SHALL NOT BE LIMITED TO THE
LIMITS OF COVERAGE OF INSURANCE MAINTAINED OR REQUIRED TO BE MAINTAINED BY
CONTRACTOR UNDER THIS AGREEMENT. THE PROVISIONS OF THIS SECTION l 1 SHALL
SURVIVE TERMINATION OF THIS AGREEMENT.
Section 11. Notice
All notices required by this Agreement shall be in writing and addressed to the parties at the
addresses set forth on the signature page(s) of this Agreement (or to such other address that may be
designated by the receiving party from time to time in accordance with this section). All notices shall be
delivered by (a) personal delivery, (b) certified or registered mail (in each case, return receipt requested,
postage prepaid), (c) nationally recognized overnight courier (with all fees pre -paid), or (d) email of a pdf
document containing the required notice. Such notice or document shall be deemed to be delivered or given,
whether actually received or not, (i) when received if delivered or given in person, (ii) if sent by United
States mail, three (3) business days after being deposited in the United States mail as set forth above, (iii)
on the next business day after the day the notice or document is provided to a nationally recognized carrier
to be delivered as set forth above, or (iv) if sent by email, the next business day. A confirmation of delivery
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report which reflects the time that the email was delivered to the recipient's last notified email address is
prima facie evidence of its receipt by the recipient, unless the sender receives a delivery failure notification,
indicating that the email has not been delivered to the recipient.
Section 12. Sales and Use Taxes
Contractor understands and acknowledges that City is a governmental entity and exempt from the
payment of sales and use taxes for certain materials and equipment conveyed to City as part of this Project
or otherwise incorporated into the Project. City agrees to provide Contractor such documentation as may
otherwise be required by state law to allow Contractor to avoid payment of sales and uses taxes for materials
and equipment with respect to the Project to the extent allowed by law.
Section 13. Texas Government Code Verifications
(a) Contractor's execution of this Agreement shall serve as its acknowledgement and written
verification that:
(1) the requirements of Subchapter J, Chapter 552, Government Code, apply to this Agreement
and Contractor agrees that the Agreement can be terminated if Contractor knowingly or intentionally fails
to comply with a requirement of that subchapter;
(2) pursuant to Texas Government Code Chapter 2271, that Contractor's organization does not
presently boycott Israel and will not boycott Israel during the term of this Agreement; and
(3) pursuant to Texas Government Code Chapter 2274, that Contractor's organization does not
current discriminate against firearm and ammunition industries and will not for the term of the
contract. Discriminating means refusing to deal with, terminating business activities with, or otherwise
taking any action that is intended to penalize, inflict economic harm on, or limit commercial relations
specifically with the firearm or ammunition industry or with a person or entity doing business in the firearm
or ammunition industry, but does not include an action made for ordinary business purposes.
Section 14. Miscellaneous
(a) Contractor shall not assign or sublet this Agreement, in whole or in part, without the prior
written consent of City. (b) Contractor shall comply with all federal, state, county and municipal laws,
ordinances, resolutions, regulations, rules, policies, orders, and directives applicable to the services under
this Agreement. (c) The laws of the State of Texas shall govern this Agreement; and venue for any action
concerning this Agreement shall be in the state district courts of Dallas County, Texas. The parties agree
to submit to the personal and subject matter jurisdiction of said courts. (d) This Agreement contains the
entire understanding of the parties with respect to the subject matter hereof and there are no oral
understandings, statements or stipulations bearing upon the meaning or effect of this Agreement which
have not been incorporated herein. (e) The exhibits attached hereto, if any, are incorporated herein and
made a part hereof for all purposes. (f) Unless expressly provided otherwise herein, this Agreement may
only be modified, amended, supplemented or waived by a mutual written agreement of the parties. (g) In
the event any one or more of the provisions contained in this Agreement shall for any reason be held to be
invalid, illegal, or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect
any other provisions, and the Agreement shall be construed as if such invalid, illegal, or unenforceable
provision had never been contained in it. (h) Any of the representations and obligations of the parties, as
well as any rights and benefits of the parties pertaining to a period of time following the termination of this
Agreement shall survive termination. (i) This Agreement may be executed by the parties in separate
counterparts, each of which when so executed and delivered shall be an original, but all such counterparts
shall together constitute one and the same instrument. Each counterpart may consist of any number of
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copies hereof each signed by less than all, but together signed by all of the parties. 0) Each party represents
that it has full capacity and authority to grant all rights and assume all obligations granted and assumed
under this Agreement. (k) Subject to the provisions regarding assignment, this Agreement shall be binding
on and inure to the benefit of the parties to it and their respective heirs, executors, administrators, legal
representatives, successors and assigns.
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CONSTRUCTION SERVICES AGREEMENT WITH BUILDERS OF HOPE CDC
VALWOOD PARK REVITALIZATION PROJECT RFP# 25-25
212
IN WITNESS WHEREOF, the parties have executed and delivered this Agreement as of the
Effective Date.
For City:
CITY OF FARMERS BRANCH, TEXAS
LN
Benjamin Williamson
City Manager
Date:
Notice Address:
City of Farmers Branch
Attn: City Manager
13000 William Dodson Parkway
Farmers Branch, Texas 75234
E: benjamin.williamson@farmersbranchtx.gov
For Contractor:
BUILDERS OF HOPE CDC
LOW
James Armstrong
President & CEO
Date:
Notice Address:
Builders of Hope CDC
Attn: President & CEO
603 Munger Avenue, Suite 100
Dallas, Texas 75202
E:
CONSTRUCTION SERVICES AGREEMENT WITH BUILDERS OF HOPE CDC
VALWOOD PARK REVITALIZATION PROJECT RFP# 25-25
10
213
�w
PROPOSAL FOR VALWOOD PARK
..
Submitted by:
Builders of Hope CDC
603 Munger Ave., Suite 100
Dallas, TX 75202
(214) 920-9850
InfoC,bohcdc.com
12141
Page 1 of 44
Table of Contents
EXECUTIVESUMMARY.........................................................................................................................3
TheScale of the Crisis.......................................................................................................................... 3
TheHuman Impact...............................................................................................................................3
SECTION 2: PROPOSAL CONTENTS...................................................................................................4
SECTION 2.2: COMPANY INFORMATION.........................................................................................4
A. Company Overview........................................................................................................................4
Year Founded and Business History.....................................................................................................4
OwnershipStatus.................................................................................................................................. 4
Federal Tax Identification Number.......................................................................................................4
PrimaryContact Information................................................................................................................4
KeyPersonnel.......................................................................................................................................4
ServiceExperience................................................................................................................................5
InsuranceCoverage............................................................................................................................... 5
B. Statement of Interest and Qualifications...................................................................................... 6
Why Builders of Hope CDC is the Right Fit........................................................................................ 6
Project Team Organizational Chart .......................................................................................................8
Resumesof Key Personnel................................................................................................................... 8
C. References....................................................................................................................................... 9
D. Accessible Housing Project Experience........................................................................................9
RecentComparable Projects.................................................................................................................9
E. Project Financing Capability......................................................................................................15
Established Banking Relationships and Credit Facilities.................................................................... 15
Financial Stability and Balance Sheet Strength.................................................................................. 15
Project Development Management Capability...................................................................................15
Strategic Financial Institution Partnerships........................................................................................16
Financial Management Systems.......................................................................................................... 16
SECTION 2.3: PROPOSAL NARRATIVE...........................................................................................17
A. Project Management Plan...........................................................................................................17
B. Construction Plan and Specifications.........................................................................................18
C. Detailed Cost Estimate.................................................................................................................21
Sourcesand Uses................................................................................................................................ 21
Hard and Soft Cost Breakdown.......................................................................................................... 21
SECTION 2.4: ADDED VALUE SOLUTIONS.....................................................................................23
APPENDIX A — BOH CDC KEY PERSONNEL RESUMES.............................................................. 24
JamesAlvin Armstrong III.................................................................................................................. 25
ChristopherB. Lewis.......................................................................................................................... 28
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APPENDIX B — BOH CDC CURRENT CERTIFICATE OF INSURANCE & COVERAGES....... 30
APPENDIX C — SPECIFICATIONS...................................................................................................... 33
APPENDIXD — PRO FORMA................................................................................................................ 36
APPENDIXE — DETAILED FLOOR PLANS......................................................................................44
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EXECUTIVE SUMMARY
Builders of Hope Community Development Corporation (BOHCDC) is pleased to submit this proposal
for the Valwood Park Revitalization Project. We are committed to constructing ten (10) high-quality,
energy-efficient single-family homes that will serve low- to moderate -income residents while enhancing
the character and vitality of the Farmers Branch community.
Our approach combines proven construction expertise, community -centered design, and efficient project
management to deliver homes that meet all specifications while staying within budget and timeline
constraints. With our extensive experience in accessible housing development and deep understanding of
community needs, we are uniquely positioned to make this revitalization project a resounding success.
The Scale of the Crisis
Based on the critical housing gap in cities like Farmers Branch, where affordable workforce housing
below 80% Area Median Income (AMI) remains severely limited, organizations like Builders of Hope
play an essential role in addressing this pressing community need. Texas ranks as the 6th worst state in the
nation for affordable housing, with a statewide shortage of 674,648 affordable and available rental homes,
while the Dallas metropolitan area alone is currently short an estimated 33,600 rental homes that lower-
income people can afford—a deficit expected to more than double by the end of the decade. In the Dallas -
Fort Worth metropolitan area, where Farmers Branch is located, median home prices reached 4.4 times
the region's median income, with families earning below 80% AMI—roughly $66,258 in the Dallas -Fort
Worth area—facing extremely limited for -sale housing options. This crisis forces essential workers like
teachers, first responders, and other vital community members to seek housing far from their workplaces,
with individuals in the lowest income bracket spending 80 percent of their income on rent and nearly 80%
of these households considered severely cost burdened.
The Human Impact
The shortage of affordable for -sale housing below 80% AMI represents a critical barrier to
homeownership and community stability, as the gap is projected to grow to 76,073 units by 2035 and
begin affecting higher income households, with a specific gap of 62,747 units for households earning up
to 80% of AMI. Builders of Hope's commitment to constructing affordable workforce housing below the
80% AMI threshold directly tackles this challenge by creating sustainable homeownership opportunities
that allow working families to remain in the communities they serve. This type of targeted development is
crucial for maintaining diverse, vibrant neighborhoods while ensuring that essential workers can afford to
live near their jobs, reducing commute times, strengthening local economies, and fostering the kind of
mixed -income communities that benefit all residents. Without intervention from organizations like
Builders of Hope, working families will continue facing impossible choices between rent, food, and
medications, undermining both individual financial stability and the broader economic health of
communities like Farmers Branch.
PiiIN
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SECTION 2: PROPOSAL CONTENTS
SECTION 2.2: COMPANY INFORMATION
A. Company Overview
Year Founded and Business History
Since 1998, BUILDERS OF HOPE Community Development Corporation (BOHCDC) has demonstrated
an unwavering commitment to transforming underserved Dallas County communities. Beginning in West
Dallas to address crime and substandard housing, we have evolved into a comprehensive community
development organization that has built over 500 quality, energy-efficient affordable homes, provided
homebuyer education to more than 5,000 families, and created $30 million in wealth for Dallas County
residents. Our proven model focuses on neighborhood revitalization, housing access, and financial
education in areas where economic mobility is hindered by high crime rates, low educational attainment,
and generational poverty.
Service Experience
Builders of Hope has provided comprehensive housing development services for 25 years, with specific
expertise in:
• Constructing and preserving affordable housing using federal and state grant funding
• Community development in low- to moderate -income areas
• Energy-efficient home construction and green building practices
• Public-private partnerships with municipal governments
Ownership Status
501(c)(3) Non-profit Corporation
Federal Tax Identification Number
75-2756681
Primary Contact Information
Name: James Armstrong, III
Title: President & CEO
Address: 603 Munger Ave., Dallas, TX 75202
Phone: (214) 920-9850
Email: info@bohcdc.com
Key Personnel
• President & CEO: James Armstrong, III: Institute the firm's vision and oversee its operation with
key areas of focus including fundraising, project sourcing, securing capital, and partnerships.
• Chief Housing Development Officer: Christopher Lewis - Overall project oversight and
community relations.
• Director of Construction Services: Stephen Ross - Day-to-day construction management and
quality control.
• General Contractors:
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o Bethel Construction, a licensed general contracting company based in Dallas, Texas.
With over 25 years of experience participating in home repair programs and affordable
workforce housing developments for local municipalities, Bethel has established
themselves as a dedicated advocate for community development and accessible housing
solutions. For more than 15 years, Bethel has served as a trusted consultant and general
contractor for Builders of Hope, demonstrating his long-standing commitment to
affordable housing initiatives and community partnerships. His extensive experience in
municipal projects, combined with his company's strong industry ratings and active
license status, has made him a notable and reliable figure in the Dallas construction
community, particularly specializing in residential developments, commercial building
projects, and community -focused construction services throughout the region.
o Vaughn Models Group, LLC is a residential construction company based in Mansfield,
Texas, specializing in semi -custom home building. The company builds semi -custom
homes that people can afford, starting from $245K and up. With over ten years of
experience in the industry, Vaughn Models Group offers comprehensive services that
extend beyond construction to include architectural design and 3D modeling capabilities,
providing clients with a full-service approach from initial concept through final
construction.
Primary Proposer(s) Resumes
See Appendix A
Service Experience
Builders of Hope has provided comprehensive housing development services for 25 years, with specific
expertise in:
• Constructing and preserving affordable housing using federal and state grant funding
• Community development in low- to moderate -income areas
• Energy-efficient home construction and green building practices
• Public-private partnerships with municipal governments
Insurance Coverage
See Appendix B
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B. Statement of Interest and Qualifications
Why Builders of Hope CDC is the Right Fit
Builders of Hope Community Development Corporation stands as the ideal partner for the Valwood Park
Revitalization Project due to our unwavering commitment to community -driven development and our
proven track record of transforming neighborhoods while preventing displacement. Our organization
embodies a unique approach that prioritizes neighborhood self-determination and ensures that residents
are active participants in local revitalization efforts.
What sets us apart is our holistic understanding that housing is more than just shelter—it's the foundation
for building wealth, strengthening families, and creating resilient communities. We don't simply construct
buildings; we build pathways to prosperity while preserving the cultural fabric and character of the
neighborhoods we serve.
Our vision for more equitable neighborhoods directly aligns with projects that seek sustainable,
community -centered solutions. We understand that neighborhoods are facing fast -paced urban renewal
pressures, the need for responsible, inclusive development has never been more critical.
Detailed Qualifications
Proven Track Record of Excellence
• Over 25 years of dedicated service in community development
• Successfully constructed over 500 homes through both in -fill lot development and subdivision
build -out
• Generated over $75 million in real estate value for Dallas communities
• Expertly managed and deployed over $10 million in government subsidies for affordable housing
initiatives
Wealth Building and Community Impact
• Created more than $25 million in wealth for low -to -moderate -income families
• Demonstrated expertise in transforming communities while building strong neighborhoods
• Specializing in quality, energy-efficient, and equitable housing solutions
• Leading affordable housing producer in Dallas County
Comprehensive Service Delivery Our multifaceted approach encompasses four core service areas:
• Affordable Housing Development: Including new construction, existing home revitalization,
and strategic demolition/rebuilding of substandard properties
• Financial Fitness Education: Providing residents with the tools and knowledge needed for long-
term financial stability
• Family Support Services: Offering holistic support systems that address the broader needs of
families and individuals
• Community Mobilization: Engaging residents as active stakeholders in their neighborhood's
transformation
• Grant Management Expertise: Experienced in managing ABPA, CDBG, and HOME
funds with 100% compliance record as the only Dallas County designated Community
Development Housing Organization (CDHO)
• Established Relationship: Rapport with City of Farmers Branch staff, Valwood Park
community, and comprehensive understanding of local development codes (R-6 District) based
on successful completion of The Porches at Valwood Park project
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Innovation and Anti -Displacement Leadership
• Developed the "Right to Stay Anti -Displacement Toolkit" to equip leaders and policymakers with
actionable strategies
• Pioneer in preservation -focused affordable housing approaches
• Expertise in protecting legacy residents while fostering community resilience
• Champion of equitable, inclusive, and non -disruptive development practices
Organizational Strength and Values
a. Committed to ensuring quality affordable housing options are accessible regardless of income
b. Strong track record of collaborative partnerships with residents, community leaders, and
stakeholders
c. Mission -driven approach that prioritizes lasting solutions over short-term gains
Geographic and Market Expertise
Deep understanding of Dallas County housing market dynamics and challenges
Established relationships with local government entities, financial institutions, and community
organizations
Member of professional organizations including the Texas Association of Builders
Our Commitment to Excellence
Builders of Hope CDC brings to this project not just our technical expertise and financial acumen, but our
unwavering dedication to ensuring that every family has the right to stay and thrive in their neighborhood.
Our approach goes beyond traditional development—we create sustainable, community -controlled
solutions that honor existing residents while building bridges to opportunity.
We understand that successful community development requires more than construction expertise; it
demands cultural competency, deep community relationships, and a commitment to equity that permeates
every aspect of our work. Our 25 -year journey has taught us that the most impactful projects are those
that emerge from genuine partnership with the communities we serve.
Through this project, we are prepared to leverage our comprehensive experience, proven methodologies,
and unwavering commitment to community self-determination to deliver outcomes that not only meet
project objectives but exceed expectations for sustainable, equitable community development.
221
Project Team Organizational Chart
MU.1.8
I V ' (G�E�
Builders of Hope CDC
James oversees the
firms' vision and its
operation. Key
areas of focus include
fundraising,
project sourcing, securing
capital, and partnerships.
James' background
is banking and finance,
and he has worked for top
fortune 500 companies.
Sophia manages
operations of the
organization including
account payables, payroll,
office management, and
policy and procedures.
Sophia has over 10 years
of experience in corporate
operations and
management.
General Contractors
VMG is a Mansfield,
Texas-based residential
construction company
with over ten years of
experience specializing in
affordable semi -custom
homes starting at $245K,
offering comprehensive
services including
architectural design, 3D
modeling, and
construction.
Resumes of Key Personnel
• See Appendix A
a
A&L"
BETHEL
E N T E RR PRISE
v
Page 8 of 44
Chris oversees all
housing development
including construction
and administration. He
serves as lead developer
and project manager.
Chris is also a veteran
with an extensive
background as an
electrical engineer.
Steve leads all construction
activities including
contractor management and
site control. He oversees
property management and
maintenance. Steve has
been with BOH for over 20
years.
Bethel Enterprise is a
licensed Dallas -based
general contracting
company with over 25 years
of experience in home
repair programs and
affordable workforce
housing developments for
local municipalities to
custom homes.
PM
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C. References
Reference 1: The Porches at Valwood Park
Chief Legal Officer, Benchmark Bank. John Jackson
Phone: (214) 485-6841
Email: &iackson .benchmarkbank.com
Project Details: 5 single-family homes, tiered land acquisition structure to build in subsidy for
affordability, completed in Q2 2025. Lot acquisition financed by Benchmark Bank.
Reference 2: West Dallas Scattered Sites Phase II (Revitalize West Dallas)
Dallas County — Planning & Development Department: Rachel Brown
Phone: (214) 653-6359
Email: Rachel.Brown(ia DallasCounty.or�
Project Details: 19 workforce development housing units, $595,000 Dallas County CHDO funding,
completed in 2024.
Reference 3: South Dallas Phase H - Mill City Neighborhood Infill Development
Real Property Manager, Housing and Community Development: Tyrone Wilson
Phone: (214) 671-5337
Email: Tyrone. WilsonADallas.,ov
Project Details: 3 energy-efficient homes, acquired lots with targeted annual median income (AMI)
restrictions and covenants per Land Bank and Transfer Program, completed in 2023.
D. Accessible Housing Project Experience
Project Portfolio Overview
Over the past 25 years, Builders of Hope has successfully completed 500 accessible housing units across
Dallas County, representing over $10 million in federal funding. Our experience includes:
Recent Comparable Projects
The Porches at Valwood Park — Farmers Branch, TX (2024-2025)
Project Overview: Builders of Hope Community Development Corporation successfully completed
Phase I of the Porches at Valwood Park project, a strategic workforce housing initiative designed to
provide quality affordable housing options for Farmers Branch's workforce while revitalizing the
Valwood Park neighborhood in a responsible and sustainable manner. This project exemplifies our
commitment to creating accessible homeownership opportunities through innovative partnerships with
municipal governments and targeted community development.
Housing Units Constructed: Phase I delivered five single-family homes strategically located
throughout the Valwood Park neighborhood:
2568 Greenhurst Dr. - Closed January 27, 2025
2646 Greenhurst Dr. - Closed March 21, 2025
2563 Wasina Dr. - Closed March 7, 2025
2629 Squire Pl. - Closed May 14, 2025
2560 Wicker Ave. - Closed May 27, 2025
Project Timeline and Development Cycle: The complete development cycle spanned approximately
one year, with construction phases lasting 4.5 months from concrete pour to certificate of occupancy. The
project timeline demonstrates our systematic approach to affordable housing development:
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Q1 2024:
• Closed on land acquisition with the City of Farmers Branch
• Initiated minor lot preparation and permit applications
• Finalized preliminary floor plans
Q2 -Q3 2024:
• Completed extensive design phase collaboration with Farmers Branch staff (6 -month design
discussion period)
• Secured permit approvals
• Closed on construction financing
• Finalized design selections and construction standards
Q4 2024:
• Construction commenced between August/September
• Completed home framing and concrete pouring
• Conducted first municipal inspections
• Initiated marketing at city events and local schools
Q1 2025:
• Conducted two open houses for community preview
• Completed final construction draws and received certificates of occupancy
• Successfully closed on all five qualified buyer purchases (January through May 2025)
Funding Structure and Municipal Partnership: The project was structured through an innovative
partnership with the City of Farmers Branch, utilizing municipal land disposition programs to ensure
affordability. Land costs were strategically priced at below 15% of sales price to guarantee affordable
pricing for targeted workforce buyers. This funding approach demonstrates our ability to leverage
municipal partnerships and creative financing structures to achieve accessibility goals without traditional
grant funding.
Target Demographics and Accessibility Success: The project successfully served diverse workforce
families earning below typical market -rate thresholds:
Buyer Profile Examples:
Special Education Teacher: Mid -50s male with tenure and community ties to Farmers Branch,
earning below $60,000 annually
Auto Body Shop Associate: Early -20s male with 8 -year employment history, earning below
$75,000 annually
Small Business Owners: Mid -50s married couple operating local flower shop and volunteering
in Farmers Branch schools, earning $80,000 annually
Methods for Completion: Our completion methodology emphasized community integration and
workforce accessibility:
Community Engagement:
• Community meetings to discuss project phases and gather resident input
• Marketing integration with city events and local educational institutions
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• Quarterly reporting to the city of Farmers Branch
Construction Management:
• Systematic 4.5 -month construction timeline from concrete to occupancy
• Regular municipal inspection coordination
• Quality control through staged construction draws
Affordability Maintenance:
• Below-market land acquisition costs (under 15% of sales price)
• Builders of Hope absorption of all closing costs
• Homebuyer education classes for qualified purchasers available upon request
Community Impact and Neighborhood Revitalization: The Porches at Valwood Park Phase I project
achieved significant community development objectives:
• Market Stabilization: Established new pricing floor for neighborhood housing market
• Workforce Retention: Created homeownership opportunities for local workforce, including
educators and service professionals
• Neighborhood Engagement: Promoted community stability through resident participation and
volunteer integration
• Infill Development: Strategic use of municipal land holdings for responsible neighborhood
enhancement
Measurable Economic Impact: The project generated substantial economic benefits for both individual
families and the City of Farmers Branch through strategic municipal investment.
Municipal Investment and Returns:
• City Land Subsidy: $1.8 million initial investment by the City of Farmers Branch in subsidized
land costs
• Land Sale Revenue: $1 million generated in direct land sale revenue to the city
• Real Estate Value Created: $5.8 million in taxable real estate value added to the community
• Infrastructure Enhancement: Improved site infrastructure contributing to enhanced quality of
life for residents
Year 1 Economic Impact Analysis: Based on National Association of Home Builders (NAHB)
methodology, the project generated significant first-year economic activity:
• Local Income Generation: $5.4 million in local income created through construction and related
economic activity
• Tax and Revenue Impact: $684,000 in taxes and other revenue generated for local government
• Employment Creation: 74 construction jobs supported during the development phase
• Return on Investment: The city's $1.8 million investment generated over $6.8 million in direct
revenue and real estate value, representing a 278% return on public investment
This Porches at Valwood Park Phase I project demonstrates Builders of Hope's proven capacity to deliver
accessible workforce housing through innovative municipal partnerships, community engagement, and
efficient construction management while serving diverse demographic groups within targeted income
ranges.
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West Dallas Scattered Sites Phase II (Revitalize West Dallas) - Dallas, TX (2023-2025)
Project Overview: Builders of Hope Community Development Corporation successfully completed the
construction of 19 single-family homes as part of the comprehensive West Dallas Revitalization Project,
strategically located within the Neighborhood Empowerment Zone in Census Tract 101. This
transformative initiative represents our organization's commitment to creating sustainable, accessible
housing solutions that address both immediate housing needs and long-term community development
goals.
Funding Structure and Amount: The project was funded through a comprehensive combination of
private, federal and local resources, including $860,000 in HOME Investment Partnerships Program funds
and an additional $595,000 in Dallas County subsidies, bringing the total public investment
approximately $1.46 million, and $5M General Line of Credit with Benchmark Bank. This funding was
complemented by strategically acquired lots through the City of Dallas's New Construction and
Substantial Rehabilitation Program and Land Transfer Program, demonstrating our ability to leverage
multiple funding streams to maximize project impact and cost-effectiveness.
Project Timeline and Completion Methods: Our systematic approach to project completion involved
several key phases, with an average construction timeline of 4-5 months per home:
• Pre -Development Phase: Site acquisition and preparation through partnership with Dallas land
transfer programs (6-8 months)
• Design and Permitting Phase: Development of accessible, family-oriented home designs
meeting all federal accessibility standards (2-3 months)
• Construction Phase: Implementation of efficient construction methods ensuring quality while
maintaining affordability targets, utilizing four qualified general contractors to manage
simultaneous builds (10-12 months)
• Community Integration Phase: Marketing and sales specifically targeting households earning
60-80% of Area Median Income (6 months)
General Contractor Management: To ensure efficient project delivery and maintain our 4-5 month per
home construction timeline, Builders of Hope partnered with four experienced general contractors.
This multi -contractor approach allowed for overlapping construction schedules, ensuring consistent
progress across all 19 homes while maintaining quality standards and meeting accessibility requirements.
Each contractor was vetted for experience with affordable housing projects and familiarity with HOME
Program compliance standards such as Davis Bacon.
Housing Units Constructed: The project delivered 19 thoughtfully designed single-family homes, each
featuring:
• Square Footage: 1,300-1,700 livable square feet optimized for accessibility and family living
• Layout Configuration: 3-4 bedrooms and 2-2.5 bathrooms to accommodate diverse family sizes
• Accessibility Features: Walk-in showers and walk-in closets designed for universal access
• Living Space Design: Open floor plans creating bright, flowing living spaces that enhance
mobility and accessibility
• Parking Solutions: 2 -car garage providing secure, weather -protected vehicle access
• Complete Appliance Package: Fully equipped kitchens including stove, dishwasher,
refrigerator, and microwave
Community Impact and Fair Housing Objectives: This initiative directly supported the City of Dallas's
broader goals to create and maintain affordable housing throughout the city while promoting greater fair
housing choices. By strategically locating these homes in the Neighborhood Empowerment Zone, the
project actively works to overcome historical patterns of segregation and poverty concentration. Our
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targeted marketing to households earning 60-80% of AMI ensures that working families have access to
quality, accessible housing in a revitalizing neighborhood.
Measurable Economic Impact: The West Dallas Revitalization Project generated substantial economic
benefits for both individual families and the broader community:
• Real Estate Value Created: $7.6 million in total real estate value developed through the
19 -home construction
• Wealth Generation: $3 million in wealth created specifically for low -to -moderate
income families through homeownership opportunities
• Return on Investment: The $1.46 million in public investment leveraged private
investment and created over $7.6 million in community assets
• Long-term Benefits: Homeownership opportunities that build generational wealth and
community stability
Methods for Completion: Our completion methodology emphasized:
• Quality Construction Standards: All homes built to exceed minimum accessibility
requirements
• Efficient Timeline Management: 4-5 month construction cycle per home through
strategic contractor coordination
• Multi -Contractor Coordination: Simultaneous construction management across four
general contractors to optimize project flow
• Cost Management: Efficient construction processes to maintain affordability without
compromising quality
• Community Engagement: Active outreach to ensure homes reached target income
demographics
• Partnership Coordination: Seamless collaboration with city programs and funding agencies
• Compliance Oversight: Systematic project phases ensuring on-time, on -budget delivery while
meeting all HOME Program requirements
This West Dallas Revitalization Project demonstrates Builders of Hope's proven capacity to successfully
manage complex, multi -funded accessible housing initiatives that serve both immediate housing needs
and broader community development objectives.
South Dallas Phase II - Mill City Neighborhood Infill Development (2022-2023)
Project Overview: Builders of Hope Community Development Corporation successfully completed the
South Dallas Phase II project, a strategic residential infill development consisting of three single-family
homes in the historic Mill City neighborhood. This initiative exemplifies our commitment to accessible
housing development through collaborative community partnerships, completed in partnership with the
Mill City Neighborhood Association and the City of Dallas. The project demonstrates our ability to
deliver quality affordable housing that respects existing community character while meeting the needs of
families earning up to 80% of Area Median Income.
Funding Structure and Total Investment: The South Dallas Phase II project represented a
comprehensive investment of $731,622, encompassing both hard construction costs and soft development
costs. This funding structure demonstrates our ability to manage complete project budgets while
maintaining cost efficiency in affordable housing development. The project leveraged collaborative
partnerships to maximize funding effectiveness and ensure successful project completion within budget
parameters.
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Housing Units Constructed: The project delivered three thoughtfully designed single-family homes,
each featuring:
• Square Footage: 1,400-1,600 square feet of livable space optimized for family accessibility and
comfort
• Layout Configuration: 3-4 bedrooms with 2 bathrooms to accommodate diverse family sizes
and accessibility needs
• Single -Story Design: One-story construction ensuring universal accessibility and aging -in-place
capabilities
• Affordability Target: Homes priced in the mid -$200,000 range, specifically targeting families
earning up to 80% of Area Median Income
Timeline and Project Completion: The South Dallas Phase II project was completed within an efficient
4 -month timeframe in 2023, demonstrating our organization's capacity for rapid project delivery without
compromising quality or accessibility standards. This accelerated timeline reflects our streamlined
construction processes and effective project management capabilities.
Design Features and Accessibility Elements: Each home was designed with distinctive architectural
elements that enhance both accessibility and community integration:
• Masonry Front Elevations: Distinctive design elements that respect the Mill City
neighborhood's architectural character
• Energy -Efficient Appliances: Fully equipped with energy-efficient appliances to reduce long-
term utility costs for homeowners
• Universal Design Features: Recessed ceilings and functional kitchen layouts designed for
accessibility and ease of use
• Kitchen Accessibility: Functional kitchen layouts with bar seating that accommodate various
mobility needs
• Outdoor Living Spaces: Select floor plans featuring covered patios for accessible outdoor living
and community interaction
Methods for Completion: Our completion methodology for the South Dallas Phase II project
emphasized:
• Community Collaboration: Active partnership with the Mill City Neighborhood Association
ensuring community input and support
• Efficient Timeline Management: 4 -month construction cycle through streamlined processes and
effective contractor coordination
• Quality Construction Standards: All homes built to exceed minimum accessibility
requirements while maintaining neighborhood character
• Cost Management: Comprehensive budget management encompassing both hard and soft costs
to maintain affordability
• Stakeholder Integration: Seamless collaboration with community organizations and city
agencies
• Design Sensitivity: Thoughtful architectural choices that enhance accessibility while respecting
community character
Community Impact and Accessibility Objectives: This Mill City infill development represents a
significant investment in neighborhood revitalization while addressing critical housing accessibility
needs. By focusing on single -story construction and universal design principles, the project serves
families requiring accessible housing options while contributing to the broader community development
goals. The strategic location and thoughtful design ensure that accessibility improvements enhance rather
than compromise the neighborhood's existing character.
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Affordability and Target Demographics: The project successfully served families in the 80% Area
Median Income range, providing homeownership opportunities for working families who might otherwise
be priced out of quality housing options. The mid -$200,000 price point, combined with energy-efficient
features that reduce ongoing costs, creates sustainable homeownership opportunities for moderate -income
families.
This South Dallas Phase II project demonstrates Builders of Hope's proven capacity to deliver accessible,
affordable housing through collaborative partnerships while maintaining efficient timelines and respecting
community character. The project's success in serving 80% AMI families within a 4 -month completion
timeframe showcases our organization's expertise in rapid, quality affordable housing development.
Grant Management Expertise
Our organization has successfully managed over $12 million in federal, state, and local grant funding with
a 100% compliance record. We maintain dedicated grant compliance staff and have established
procedures for:
• Detailed financial tracking and reporting
• Regular progress documentation
• Stakeholder communication and transparency
• Regulatory compliance monitoring
E. Project Financing Capability
Established Banking Relationships and Credit Facilities
Builders of Hope Community Development Corporation maintains robust financial capacity through
strategic partnerships with established local and regional financial institutions. Our organization has
cultivated a strong banking relationship with Benchmark Bank, which has extended a $5 million General
Line of Credit (GLOC) to support our development activities. This substantial credit facility demonstrates
the financial sector's confidence in our organization's creditworthiness, project management capabilities,
and track record of successful project completion.
Financial Stability and Balance Sheet Strength
Our organization maintains a positive balance statement, reflecting sound financial management practices
and operational sustainability. This positive financial position provides the foundation necessary for:
• Construction Management: Financial capacity to manage cash flow during construction phases
• Risk Mitigation: Financial reserves to address unforeseen project challenges or market
fluctuations
• Ongoing Operations: Sustained organizational capacity throughout project development cycles
Project Development Management Capability
The combination of our $5 million credit facility and positive balance sheet positions Builders of Hope to
effectively manage all elements of project development, including:
Pre -Development Financing:
• Site acquisition and due diligence costs
• Architectural and engineering design fees
• Permitting and regulatory compliance expenses
• Market analysis and feasibility studies
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Construction Phase Management:
• Construction draws and contractor payments
• Material procurement and inventory management
• Change order accommodation and cost overrun protection
• Quality control and inspection processes
Project Completion and Close -Out:
• Final construction payments and warranty reserves
• Marketing and sales activities for affordable housing units
• Buyer financing coordination and closing support
• Post -completion compliance and reporting requirements
Strategic Financial Institution Partnerships
Our relationship with Benchmark Bank and other local and regional financial institutions provides several
competitive advantages:
• Local Market Knowledge: Banking partners understand regional affordable housing market
conditions
• Flexible Financing Solutions: Access to various financing products tailored to community
development needs
• Expedited Processing: Established relationships enable faster loan processing and funding
decisions
• Risk Sharing: Bank partnerships demonstrate third -party validation of our project viability
Financial Management Systems
Builders of Hope employs comprehensive financial management systems that ensure:
• Budget Control: Real-time monitoring of project costs against approved budgets
• Cash Flow Management: Systematic management of construction draws and operational
expenses
• Compliance Tracking: Financial reporting that meets all grant and regulatory requirements
• Risk Assessment: Ongoing evaluation of financial risks and mitigation strategies
This comprehensive financial capacity, anchored by our $5 million credit facility with
Benchmark Bank and maintained through positive financial performance, positions Builders of
Hope to successfully secure equity, manage all aspects of project development, and deliver
affordable housing projects on time and within budget. Our established banking relationships and
sound financial management practices provide the stability and flexibility necessary for complex
affordable housing development initiatives.
Project Development Approach
Our financial management strategy for the Valwood Park project includes:
• Established relationships with construction lenders familiar with grant -funded projects
• Dedicated project accounting systems for real-time financial tracking
• Pre -approved vendor networks for competitive pricing
• Contingency planning for cost overruns or delays
230
Page 17 of 44
SECTION 2.3: PROPOSAL NARRATIVE
A. Project Management Plan
Construction Approach
Our construction approach prioritizes quality, efficiency, and community engagement. We will implement
a phased construction schedule that minimizes disruption to existing residents while maintaining steady
progress toward project completion.
Stakeholder Coordination Strategy
• Municipal Agency: Monthly progress reporting and coordination of quarterly meetings with city
of Farmers Branch appointed staff upon request
• Subcontractors: Pre -selected licensed and bonded subcontractors with demolition and rebuild
housing experience
• Community Members: Progress meetings and bilingual communication materials will be
available upon request
• Homeowners: Individual consultation meetings, regular updates, final walk-through coordination
Site -Specific Approach
Understanding that each home will be built on individual lots with unique characteristics, our approach
includes:
• Individual site surveys and soil testing for each location
• Customized foundation design based on site conditions
• Coordination with utility providers for underground service connections
• Careful attention to existing neighborhood architectural character
• Temporary housing coordination during construction (where applicable)
Detailed Project Schedule
Phase 1: Pre -Construction (August — September 2025)
• Finalize design and permitting
• Conduct individual site surveys
• Coordinate temporary housing arrangements
• Initiate community engagement process
• Finalize subcontractor agreements
Phase 2: Demolition and Site Preparation (October to November 2025)
• Coordinate utility disconnections
• Complete demolition of existing structures
• Site clearing and preparation
• Foundation excavation and inspection
231
Page 18 of 44
Phase 3: Construction (December 2025 to May 2026)
• Foundation and framing (2 months per home)
• Mechanical, electrical, plumbing rough -in
• Insulation and drywall
• Interior and exterior finishing
• Final inspections and corrections
Phase 4: Final Phase (May to June 2026)
• Final walk-throughs with homeowners
• Warranty documentation and training
• Project closeout and final reporting
Permit and Approval Management
Our team has extensive experience with Farmers Branch development processes and will manage all
required permits and approvals:
• Building permits for all 10 homes
• Utility connection permits
• Demolition permits where required
• Certificate of occupancy for each unit
• Any required variances or special approvals
Community Engagement Strategy
Recognizing the importance of community buy -in and transparency, our approach includes:
• Groundbreaking event to introduce project and team in collaboration with city of Farmers Branch
• Monthly progress updates through multiple channels (reporting, meetings as needed, and social
media)
• Bilingual communication materials as needed
• Regular coordination with City Council and staff
• Final community celebration upon project completion
B. Construction Plan and Specifications
Detailed Floor Plans — See Appendix D
Our proposed floor plan averages 1,600 square feet while providing comfortable, functional living spaces
that meet all RFP requirements:
The following limited modifications are available for the participants of the program:
• Color selections for interior/exterior paint and cabinetry
• Flooring options (vinyl plank or carpet in bedrooms)
• Front elevation (Board and Batten or all Allura)
Specifications — See Appendix E
*Specifications are subject to change to meet the citv of Farmers Branch development codes
232
Page 19 of 44
Comprehensive Construction Plan
Detailed Timeline with Key Milestones
Milestone
Target Date
Deliverable
Contract Award
July 15 2025
Signed agreement
Permit Submission
July 28, 2025
Permit -ready, plans for all 10 homes
Permit Approval
September 22, 2025
All building permits issued
Demolition (ff required)
September 29 2025
All existing structures removed
First Foundation
October 6, 2025
Construction officially be 'Es
50% Construction Complete
February 16, 2026
10 homes at various completion stages
First Home Complete
February 27, 2026
First family move -in read
All Construction Complete
June 12, 2026
All 10 homes are ready for occa anc
Final Project Closeout
June 15, 2026
All documentation and warranties are
delivered
*All proposed dates and timelines are contingent upon permit approval and contract award. Final
project schedule will be confirmed upon contract execution.
Foundation and Structure (September or October 2025)
Concrete slab foundation with proper drainage and vapor barriers
• Wood frame construction with engineered lumber where appropriate
• 16" on -center framing for enhanced structural integrity
• Properly sized footings based on individual site soil conditions
Building Envelope (February 2026)
• Energy-efficient exterior wall system above the minimum R -value requirement
• High-performance windows (single -hung with low -E glass)
• Properly sealed building envelope to minimize air infiltration
• Durable exterior siding materials appropriate to neighborhood character
Mechanical Systems (February to March 2026)
• High -efficiency HVAC system sized for each home's specific requirements
• Energy-efficient water heater (electric)
• Proper ventilation systems, including bathroom exhaust fans
Electrical and Plumbing (April 2026)
• 200 -amp electrical service with modern panels and proper grounding
• LED lighting throughout for energy efficiency
• GFCI protection in all required areas
• Modem plumbing with efficient fixtures and proper water pressure
Interior Finishes (May 2026)
• Durable flooring appropriate for each space
• Quality interior paint with primer
• Efficient kitchen layout with adequate storage and counter space
• Modern bathroom fixtures and finishes
233
Page 20 of 44
Construction Plan Considerations
Timeline and Resource Management
Dedicated project superintendent for quality control
• Internal weekly progress meetings with all trades
Material delivery coordination to minimize delays
• Weather contingency planning
• Regular quality inspections at each construction phase
Cost Management Strategies
• Bulk purchasing agreements with suppliers
• Standardized floor plans to maximize efficiency
Experienced subcontractor network for competitive pricing
• Comprehensive project scheduling to avoid delays and cost overruns
Regular cost monitoring and reporting
234
C. Detailed Cost Estimate
Sources and Uses
Capital Sources
Interim
Construction
Loan
Developer
Fee
Total
Permanent
Uses
78% $2,202,695
12% $297,305
100% $2,500,000
Hard and Soft Cost Breakdown
Soft Costs
Page 21 of 44
Uses
_ Category
%
10 Homes
Cost per
$9,665
Permits & Fees
$2,263
Home
Hard Costs
80%
$1,988,500
$198,850
Soft Costs
4%
$102,684
$10,268
Financing Costs
4%
$111,512
-
Developer Fee
12%
$297,305
$3,500.00
Total Dev. Uses
100%
$2,500,000
-
_ Category
Cost per Home Total (10 Homes)
Architectural/Engineering
$967
$9,665
Permits & Fees
$2,263
$22,629
Surveys
$2,000
$20,000
Insurance & Bonding
$4,550
$45,500
Contingency (5%)
$489
$4,890
Total Soft Costs
$10,268
$102,684
Hard Costs
*Includes materials, labor, and equipment
Description of Work
Cost per
Home
Total (10 Hom
Portable Toilet
$700.00
$7,000.00
Lot Preparation
$2,900.00
$29,000.00
Site Erosion Control
$200.00
$2,000.00
Site Security (During Construction)
$1,500.00
$15,000.00
Dirt Work/ Select Fill / Cushion Sand
$1,381.00
$13,810.00
Plumbing - Underground
$3,500.00
$35,000.00
Electrical - T Pole
$350.00
$3,500.00
Foundation - Form Board Survey
$500.00
$5,000.00
Foundation - Concrete
$22,560.00
$225,600.00
Framing
$25,000.00
$250,000.00
Roof
$6,000.00
$60,000.00
Doors & Windows
$5,340.00
$53,400.00
Termite
$400.00
$4,000.00
Electrical Rough
$5,400.00
$54,000.00
Plumbing Top Out
$4,300.00
$43,000.00
235
Mechanical Rough
Insulation
Flatwork
Sheetrock (Tape bed & texture)
Casework
Countertops
Millwork
Flooring (Tile & Carpet/Laminate)
Mechanical Trim
Plumbing Trim
Electrical Trim
Security System (hard wired)
Hardware / Lights
Mirrors & Glass / Shower Door
Appliances
Painting (Exterior & Interior)
Garage Doors
Window Covering & Screens
Landscaping
Fence
Gutters (Front Entry & HVAC)
Final Clean
Miscellaneous / Site Mgt
Testing
Contingency (%)
Trash Haul
Utilities
Grading - Rough & Final
GC Profit & Overhead
Total Hard Costs
*Pro Forma is available in Appendix D.
$6,650.00
$4,000.00
$7,000.00
$8,400.00
$7,200.00
$2,300.00
$5,100.00
$8,700.00
$2,850.00
$4,100.00
$3,520.00
$1,200.00
$2,700.00
$850.00
$3,300.00
$6,849.00
$1,250.00
$800.00
$1,600.00
$2,500.00
$650.00
$1,000.00
$12,800.00
$500.00
$2,000.00
$2,500.00
$2,000.00
$1,500.00
$15,000.00
$198,850.00
$66,500.00
$40,000.00
$70,000.00
$84,000.00
$72,000.00
$23,000.00
$51,000.00
$87,000.00
$28,500.00
$41,000.00
$35,200.00
$12,000.00
$27,000.00
$8,500.00
$33,000.00
$68,490.00
$12,500.00
$8,000.00
$16,000.00
$25,000.00
$6,500.00
$10,000.00
$128,000.00
$5,000.00
$20,000.00
$25,000.00
$20,000.00
$15,000.00
$150,000.00
$1,988,500.00
Page 22 of 44
236
Page 23 of 44
SECTION 2.4: ADDED VALUE SOLUTIONS
Energy Efficiency & Sustainability Enhancements
• ENERGY STAR certified appliances (exceeding minimum requirements)
• LED lighting throughout all homes
• Foam spray to improve insulation ratings
• High-performance windows for improved insulation
• Accessible electrical outlets for ease of TV mounting
• Root barrier installation to prevent foundation and plumbing degradation from tree root growth
Community Benefits
• Available bidding from local suppliers and subcontractors
• Neighborhood revitalization without displacement of residents
Extended Warranty Program
• Two-year comprehensive workmanship warranty
• Dedicated customer service line for warranty issues
• Annual home maintenance training for new homeowners
• Preventive maintenance reminders and scheduling within the Builders of Hope Listsery
CONCLUSION
Builders of Hope Community Development Corporation is uniquely qualified to successfully complete
the Valwood Park Revitalization Project. Our combination of technical expertise, community engagement
experience, and commitment to quality construction makes us the ideal partner for the City of Farmers
Branch.
We understand that this project represents more than just construction — it's about creating homes,
strengthening community, and improving lives. Our proven track record, detailed planning, and
community -centered approach position us to deliver exceptional results that will serve Farmers Branch
residents for generations to come.
We appreciate the opportunity to submit this proposal and look forward to partnering with the City of
Farmers Branch to make the Valwood Park Revitalization Project a tremendous success.
Respectfully submitted,
James A. Armstrong, III — President & CEO
Builders of Hope Community Development Corporation
July 2, 2025
This proposal represents a firm commitment to deliver the services described herein at the prices quoted, subject to
the terms and conditions outlined in the RFP. Ourproposal is valid for six months from the submission date.
237
Page 24 of 44
APPENDIX A - BOH CDC KEY PERSONNEL
RESUMES
238
Executive Summary
Education
Summary of
Page 25 of 44
James Alvin Armstrong III
1839 Leath Street Dallas, TX 75212 (c) 214-836-7505 (E) jamesarmstrongiii@outlook.com
A mission driven, collaborative, impact -oriented leader with strong analytical,
organizational and problem -solving skills, committed to the highest levels of ethical and
professional excellence. Expertise in affordable housing, community revitalization, public
policy, community development, and real estate development.
Baylor University I Hankamer School of Business - B.B.A. Finance concentration
Princeton Theological Seminary- Post Graduate Certification in Theology
Rice I Jones School of Business— Certificate in Real Estate Investment & Development
(current)
-Award Hi2hlights-
• Dallas Business Journal — 40 under 40 (2017 Class)
• The Dallas Assembly, Class of 2025
• National Audrey Nelson Community Development Award Recipient
• Candidate for Texas State House District 100 2019/2020
• Contributing Columnist, The Dallas Morning News
• Corporate Finance & Banking
• Affordable Housing and HUD Finance
Community Service & Volunteer Work
• Non-profit Executive Management
• Economic/Housing Development
• Lead Pastor- Community Fellowship Church -Dallas
• Sports Arena Tax Increment Finance Board, Chair (Mayor's Appointee)
• Trinity Park Conservancy Community Development Corporation, Board member
• Dallas Housing Finance Corporation, Executive Board member (Mayor's Appointee)
• Texas Association of Community Development Corporations- Executive Board member
• Sr. Housing Advisor for Congressional District 30
• BcWorskshop - Board member
• President Bill Clinton Global Initiative Ambassador
Professional Experience
02/2018 — Present Builders of Hope Community Development Corp. Dallas, TX President & CEO
• Created and implemented a 3 -year resurgence plan that included reduction in force, asset
liquidation, and restructuring of agency's mission. (90% completed in Year 2)
• Led the creation and implementation of a 4 -year strategic plan and proprietary model for
housing development and community programming.
• Grew agency's budget by $1.5M in three years, net revenue by more than 10% year of year,
sources of revenue by triple, and service area to include Dallas County.
• Raised over $20M in capital for housing development projects, and $5M in community
�*E
Page 26 of 44
development programming including a citywide initiative regarding displacement.
• Created and secured over $1 M for innovative investment strategies to increase the agency's
capacity and impact.
• Led the development of $30M in real estate value by structuring and raising complex and
diverse capital stacks with layers of federal compliance.
• Coordinated deal partners and capital for real estate project with federal compliance.
• Created over $15M in wealth for low to moderate income families.
06/2014 — 01/2018 New York Life Securities Dallas, TX Licensed Broker Sr. Associate of Brokers e
Services
• Advise NYL agents on Investment Strategies/Options, Equities, Mutual Funds, EFT's and
alternative investments and managed trading desk coordinating investment sales and stock
liquidations.
• Research, resolve, and made decisions regarding various inquiries for clients, financial
advisors and client associates within New York Life Securities.
01/2012 — 05/2014 BBVA Compass Dallas, TX Regional Investment Relationship Manager
• Managed portfolio of $30M composed of 500 Mass affluent consumer/ business clients with
deposits, investments, and assets of $3-5 million in the Highland Park area.
• Managed banking relationships of high -net -worth clients and their financial well-being
according to investment needs assessment and objectives.
10/2009 - 01/2012 JPMorgan Chase Dallas, TX Licensed Private Banker
• Managed portfolio of high -net -worth clients valued at over $20 million.
• Supported private wealth management investment banker in investment sales.
• Developed and maintained client relationships.
01/2007 -12/2009 Greater New Light Inc. Waco, TX Director of Develo ment
• Develop fundraising agenda to achieve and exceed annual revenue goals through the
solicitation of individuals, corporate, and foundation support.
• Managed state funded grant that supported three major community initiatives.
• Assisted committee with creating a yearly budget of $500k.
08/2006 -10/2009 City of Waco Waco, TX Intern ligr Director of Community Development & Housing
• Managed responses to general inquiries from members, staff, and clients via mail, e-mail
and fax. Assisted Director of department in staff development training and budget planning.
• Conducted and compiled analytical research on census data for housing studies.
• Led team in completing housing project that was awarded the national Audrey Nelson
Community Development Award.
• Assisted in creating a citywide plan to address homelessness.
240
Page 27 of 44
Publications & Social Media
• LinkedIn: www linkedin.com/in/iaannstrone-iii
• Article — How Dallas Can Overcome Its Crushing Income Segregation
o Dallas Morning News: Dallas Morning News Article on Income Segregation
241
Page 28 of 44
Christopher B. Lewis
Highly Adaptable Professional
(214) 803-9826 Clewis785@gmail.com E 427 Brook Valley Cir Dallas, TX 75232 LinkedIn
Summary EDUCATION
Electrical engineer with real estate acquisition and development experience. Contributed analysis, community University of North Texas
engagement, and strategic planning for public-private developments throughout Dallas County. Detail oriented Denton, Texas
with considerable leadership abilities. Highly adaptable and dedicated to producing desired results within a Electrical Engineering, B.S.
multitude of environments. • Mathematics, Minor
Professional Experience
KEY SKILLS
May 2023 — Current
Chief Operations & Housing Development Officer • Builders of Hope CDC • Dallas, TX
Strategic Planning
■ Oversee the day-to-day operations of the firm, execution of projects, internal processes, and future
Technical Writing
housing development which resulted in 2x production of homes constructed.
Project Management
■ Leading and driving the implementation of internal and external impact as it relates to operation and
Public Speaking
housing development of —400 single/multi-family units in the firm's pipeline.
Data Analytics
■Lead community -building initiatives including planning and neighborhood capacity -building.
June 2017 — April 2023
Senior Electronics Product Lead • Lockheed Martin • Fort Worth, TX
AWARDS &
■ Handled managerial duties to sustain product integration and scheduling with suppliers via contractual
agreements approximately amounting to $513.
RECOGNITIION
■ Applied data quality forensics and prepared daily metric assessments for management review upon a
CITY OF DALLAS
multitude of
■ Tested and troubleshoot subsystem integration in lab and flight line environments for Integrated Fighter
Special Recognition —City Plan
Group (F-16/GF-22).
Commission
May 2016 — Mar 2017
U.S. Navy
Patent Examiner • U.S. Patent & Trademark Office • Dallas, TX
Honor Recruit
■ Completed searches of existing technologies relative to the claimed invention for novelty inventions
domestically and internationally.
2x Bluejacket of the Year
■ Completed analysis of the invention per patent law specifications via in-depth reports (office actions).
2x Seaman on the Year
Jan 2014 — May 2016
DallasISD alumNOW
Subscriber Data Management Engineer • Nokia • Las Colinas, TX
■ Acted as a customer interface for advanced care services and delivered support per service agreements
Feature In Mavor Rawlings Grow
with clients such as AT&T and T -Mobile.
South 2018 Report/ Video
■ Led planning efforts of special care projects with Global Delivery Center (GDC) India.
Dallas weekly covers
Nov 2003 — Jan 2011
Aviation Electrician's Mate • U.S. Navy • Jacksonville, FL (Active) & Fort Worth, TX (Reservist)
The Men Behind Hone
■ Supervised 40 subordinates which included delegating duties, competency review, and on-the-job
Engineer of Hope
training.
Millennials to Watch
■ Conducted electronic quality checks and oversaw safety protocols for avionic sealed instruments.
Dallas Morning News
Relevant Civic Experience
Urban Land Institute Dallas -Ft. Worth Center for Leadership Class ('24-'25) CERTIFICATIONS
Omega Psi Phi Fraternity, Inc., Theta Alpha (Financial Member and STEM Committee Lead) • Lean Six Sigma (White Belt)
Housing Finance Corporation (City of Dallas), District 4 ('21 — `23)
City Plan Commission (City of Dallas), District 8 ('18 - `20)
242
Page 29 of 44
The National Society of Black Engineers (DFW Pres. '17, Regional Chair ` 19)
Univ. of North Texas at Denton Student Veterans Center Advisory Board ('17)
The Real Estate Council (TREC) Community Fund Advisory Board ('17)
Engage Dallas (Formerly Dallas Mayor's Star Council) ('15)
243
Page 30 of 44
APPENDIX B - BOH CDC CURRENT
CERTIFICATE OF INSURANCE & COVERAGES
244
ACORV
Page 31 of 44
CERTIFICATE OF LIABILITY INSURANCE
DATE (MM/DD/YYYY)
7/3/2025
THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS
CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW.
THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED
REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER.
IMPORTANT. If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed. If
SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this
certificate does not confer rights to the certificate holder in lieu of such endorsement(s).
PRODUCER
Hotchkiss Insurance Agency, LLC
4120 International Parkway
CONTACT
PHONE FAX
(AIC, No, Ext :800-899-3750 (A/c, No)_. 972-512-7799
Suite 2000
Carrollton TX 75007
E-MAIL
ADDRESS: Info hiallc.com
INSURER(S)AFFORDING COVERAGE NAIC N
INSURER A: Gotham Insurance Company 25569
INSURED BUILOFH-01
INSURER B:
Builders of Hope Community Development Corp.
INSURERC:
P.O. Box 224723
INSURER D :
Dallas TX 75222
INSURER E :
:
INSURERT_'
f%e%xICDA flce f-FRTIFIRATF NIIMHFK' aaH9K0:iD KCVIJIUIY IYUIVIDCR:
THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED.
NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE
ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF
SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS.
INSR
LTR
TYPE OF INSURANCE
ADDLSUBR
INSD
POLICY NUMBER
WVD
POLICY EFF
MM/DDIYYYY
POLICY EXP
MMIDD
LIMITS
A
X COMMERCIAL GENERAL LIABILITY
GL202600029930
2/25/2025
2/25/2026
EACH OCCURRENCE
$1,000,000
CLAIMS- X 1MADEOCCUR
DAMAGE TO RENTED
PREMISES (Ea occurrence)
$ 300,000
MED EXP (Anyone person)
$ 1,000
'GREGATE LIMIT APPLIES PER:
PERSONAL & ADV INJURY
$ 1,000,000
PRO -
GE -ICY ❑ JECT F7 LOC
GENERAL AGGREGATE
$ 2,000,000
1ER:
i
PRODUCTS -COMP/OPAGG
$Included
AUTOMOBILE LIABILITY
COMBINED SINGLE LIMIT
Ea accident
$
BODILY INJURY (Per person)
$
ANYAUTO
OWNED SCHEDULED
BODILY INJURY (Per accident)
$
AUTOS ONLY AUTOS
PROPERTY DAMAGE
$
HIRED NON -OWNED
AUTOS ONLY AUTOS ONLY
(Per accident)
UMBRELLA LIAB
OCCUR
EACH OCCURRENCE
$
EXCESS LIAB
CLAIMS -MADE
AGGREGATE
$
DED RETENTION $
$
WORKERS COMPENSATION
PER
STATUTE
OTHER
AND EMPLOYERS'LIABILITY YIN
E.L. EACH ACCIDENT
$
ANYP
ROPRIETOR/PARTNER/EXECUTIVE
OFFICERIMEMBEREXCLUDED?
(Mandatory In NH)
If yes, describe under
NIA
E.L. DISEASE - EA
EMPLOYEE
$
E.L. DISEASE - POLICY LIMIT
$
DESCRIPTION OF OPERATIONS below
245
DESCRIPTION OF OPERATIONS I LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is
General Liability Deductibles: Property Damage/Bodily Injury - $1,000
CFRTIFICATE HOLDER L AN%,rLLAI IUry
City of Farmers Branch
Attn: Risk Manager
Office of Human Resources
13000 William Dodson Parkway
Farmers Branch TX 75234
Page 32 of 44
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE
THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN
ACCORDANCE WITH THE POLICY PROVISIONS.
AUTHORIZED
V 1=5-21.190 AGUKLJ GUKrUKAI IUrv. Au rignis reserves.
ACORD 25 (2016103) The ACORD name and logo are registered marks of ACORD
Page 33 of 44
APPENDIX C - SPECIFICATIONS
247
Page 34 of 44
SPECIFICATION SHEET
BUILDEES OE HOPE
Standard
Concrete
Foundation 3500 PSI Drive Rebar -No Mesh Approach & Drive Expansion JTS '/_" Deep 4" (min)
Flooring
*FHA approved nylon carpet, 25 oz(s) with 15 -year warranty for stain. Pad %:" 6 Ib. Density re -bond.
**Flooring Thickness: A7, A10, or Al2 (10-12mm)
Entry Foyer
(1) Ceramic or Utility (1) Ceramic or Family Room
Laminate/Vinyl
(2) Laminate/Vinyl (2) Laminate/Vinyl
Gallery
Laminate/Vinyl Master Bedroom Carpet* Kitchen & Nook
Laminate/Vinyl
Living Room
Laminate/Vinyl Master Bathroom Laminate/Vinyl Guest Beds
Same as Master
Dining Room
Laminate/Vinyl Guest Bath Laminate/Vinyl Backyard Foyer
(1) Ceramic or
(2) Laminate/Vinyl
Master & Guest Ceramic (Floor to ceiling)
Tub/Shower
Texture (Walls &
Ceiling)
Kitchen & Nook
Light splatter One (1) wall paint color (Sherman Wms or Cashmere or Exterior A100 or Super (Semi -Gloss)
All Other Areas
Texture with Emerald or Equivalent upon approval) Interior A200 or Super (Egg Shell/Low Shine)
Master Bath
textured Ceilings Textured
ceilings
Interior Trim
Trim Options (Requires BOH Approval) Corner (preferred) Rounded *Contractor must have the proper tools
Thickness Type/Dimension Lumber Casing
Interior Window Trim
Door
(1) 2 % " (Preferred) Pine (1'x4") (1) Finger Jointed Colonial
Sheetrock (Interior)
Base
(2) 3%- (2) Solid
*No MDF
Closet
Rods and shelves according to size of closet
Doors
Front Door
Garage Door Interior Doors Door Jams Front Door Design Glass at Top
Peep Hole
Five (5) (Preferred) or Six Shaker (square) Self- Thumb bolts Fire -Rated
Steel (foam -filled) (6) Panel Hardboard Closing
handle on
Hinges
outside
Cabinets (Approved oak stained per available standard colors)_
Kitchen
Per Plan Baths Per Plan Laundry
Shelf
Countertops
Kitchen
Granite (preferred), quartz, or equivalent material with complete wall backsplash
Master Bath
Granite (preferred), quartz, or equivalent material with 4" wall backsplash
Guest Bath
Garage
Walls / Ceiling
Tape, Bed, Texture medium splatter Wired for garage door opener Exterior Flood Lights
One (1) — Front of House
One (1) — Back of House
Windows (Single hung vinyl, Low E, with half screens)
U Factor
0.34 Solar Heat 0.22
Color: White (Preferred) or
Black
Hardware
Doorknobs
Brushed Door stoppers Toilet Paper Holders Master/Guest Baths
Framed Mirrors
Towel Bars
Nickel Mini -Blinds (All Windows) - White or Faux Wood Dead Bolts
Front and Back Doors
Appliances Middle Grade GE or Equivalent Designer (Black or White) —Energy Star Rated
Electric Range
Range Hood with Vent One (1) vent to outside. Pipe to Garbage Disposal — One (1)
Dishwasher —One (1)
be placed in wall or cabinet.
Security _ Roofing
Pre -Wired for
Non -Racetrack One (1) keypad near 30 -Yr Composition Shingles Vent (Low Profile Flashings Metal per
Camera
Lighting garage door per code)
code
Insulation Foam
Ventilation
248
Page 35 of 44
Ducts (Insulated Flex) R6 (Preferred) or R8 If no foam is used
Plumbing (American Standard or Equivalent via approval)
Master/Guest Steel with Toilet Handicapped Round Front (0.8 GPF Single Flush) Exhaust Fan (Energy Star Rated) — Must
Bath shower terminate outside the attic
Kitchen Stainless steel, double compartment, 8" deep, 1.5 GPM Dual Spray Aerator with swivel and pause, Valve chrome hose spray
Faucet - Dual Kitchen & Bath Delta (Preferred Brand Outdoor Brass Circulating Pump Water Heater Rheem or Equivalent
Thread or comparable pending approval and Frost Free (Electric, 50 gal, 5500 watt, 12 -Yr Warranty,
Aerators, 0.5 30,000 BTU)
GPM
Master/Guest Bath Pop Up Drain Shower Heads—Transitional, 1.5 GPM or Less
Electrical
Lighting 100% LED (Same Color) Baths Single Mount Light Bar over Vanity Wired for garage door opener Closet Lighting
Kitchen Air Switch (Garbage Phone/Ethernet Per Plan Heater Heat Pump with 10-15KW auxiliary heat strip with programming
Disposal) thermostat
Other One (1) Living Room outlet for TV Mounting Ceiling Fans Per Plan Cable Per Plan
HVAC *Professionally designed system adequate to heat and cool to industry standards
SEER 15-16 3-4 Ton with One (1) Phase Heat Pump A/C Cage installed around unit with lock
Sod Bermuda in front, back, and sides Mailbox Attached near Front Door One (1)
Other Soaker Hose One (1) Fire Extinguishers Kitchen Sink & Near Garage Door Two (2)
Framing Ladder Blocking at Exterior Intersections. Limited Framing at Windows and Doors. Lumber Dimension 2'x4"
Exterior Gutters Entry Way Gutter Splash Guard above AC unit Brick Per Plan
Patio Concrete Walkway Concrete Stepping Stones *May be standard per plan Siding Per Plan
Additional Features Must Meet City of Dallas/Enterprise Green Bldg. Criteria Sheet. Must Pass Energy Code Inspections.
The following specifications are not included in the standard design and requires the homebuyer to purchase separately once
the foundation has been poured.
Luxury
Windows Solar Screens Electrical Outlets with Type -C USB Chargers
Master/Guest Beds Ceiling Fans (Pre -Wired)
Security Video Doorbell (Ring) Additional Keypads
Front Door Full View Storm Sprinkler System
Door
37
Page 36 of 44
APPENDIX D - PRO FORMA
250
Page 37 of 44
Sources & Uses
Valwood Park Revitalization Project
Farmers Branch, TX 75234
As of 7/2/2025
-d
Benchmark LOC 100.00%
$2,500,000.00
% of Project
Lot Acquisition Cost 0%
Amount
$ -
Construction Loan0.00%
$
Construction Hard Costs 80%
$1,988,500.00
HOME Funds 0.00%
$
Soft CostslProfessional Fees 4%
$ 102,683.70
BOH Equity 0.00%
$
Financing Costs 4%
$ 111,511.66
$2,500,000
$250,000
BOH Profit! Developer Fee 12%
$ 297,304.64
100%
$2,500,000
100%
$2,500,000
Profit & Loss
Valwood Park Revitalization Project
Farmers Branch, TX 75234
As of 71212025
Sale Proceeds •
Totals
TotalsiUnit
TotaVI-and Sq Ft
Tota IlLiving Sq F
Total SFR Sales
$2,500,000
$250,000
$33.33
$160.15
Less: Closing Costs on Sales (3%)
$0
$0
$0.00
$0.00
Subtotal
$2,500,000
$250,000
$33.33
$160.15
Total Development Costs
Acquisition Costs
$0
$0
$0.00
$0.00
Construction
($1,988,500)
($198,850)
($26.51)
($127.39)
Soft Costs/Professional Fees
($102,684)
($10,268)
($1.37)
($6.58)
Financing Costs
($111,512)
($11,151)
($1.49)
($7.14)
Subtotal
($2,202,695)
($220,270)
($29.37)
($141.11)
Net Income J Loss
$297,305
$29,730
1 6
1 $19.05
sed Property Summary
Total •Square Footage in Units
15.610
Total Project Square Footage
75,000
Number of Units
10
251
Development Costs
Valwood Park Revitalization Project
Farmers Branch, TX 75234
As 0f7/z/2025
;quisidon Costs
Total Cost
CoWLand Sq F[
Cost)Llving
Lot Acquisition - Lot #1
$0
$0.00
$0.00
Lot Acquisition - Lot #2
$0
$0.00
$0.00
Lot Acquisition - Lot #3
$0
$0.00
$0.00
Lot Acquisition - Lot #4
$0
$0.00
$0.00
Lot Acquisition - Lot #5
$0
$0.00
$0.00
Lot Acquisition - Lot #6
$0
$0.00
$0.00
Lot Acquisition - Lot #7
$0
$0.00
$0.00
Lot Acquisition - Lot #8
$0
$0.00
$0.00
Lot Acquisition - Lot 99
$0
$0.00
$0.00
Lot Acquisition - Lot #10
$0
$0.00
$0.00
Subtotal
$0
$0.00
$0.00
Page 38 of 44
FI Total Square Footage In Units 15,610
Total Project Square Footage 75,000
Number of Units 10
Hard Costs (including Contingency & Builders Profit) - Lot #1
$198,850
$26.51
$170.98
Hard Costs (including Contingency & Builders Profit)- Lot #2
$198,850
$26.51
$170.98
Hard Costs (including Contingency & Builder's Profit)- Lot 93
$19$850
$26.51
$170.98
Hard Casts (including Contingency & Builders Profit)- Lot #4
$198,850
$26.51
$170.98
Hard Costs (including Contingency & Builders Profit)- Lot 95
$198,850
$26.51
$170.98
Hard Costs (including Contingency & Builders Profit) - Lot #6
$198,850
$26.51
$170.98
Hard Costs (including Contingency & Builders Profit) - Lot #7
$198,850
$26.51
$170.98
Hard Costs (including Contingency & Builders Profit) - Lot #8
$198,850
$26.51
$170.98
Hand Costs (including Contingency & Builders Profit) - Lot #9
$198,850
$26.51
$170.98
Hard Costs (including Contingency & Builders Profit)- Lot #10
$198,850
$26.51
$170.98
Subtotal
$1,988,500
$26.51
$127.39
Soft Costs/Professional Fees
Design/Architect Fees & Site Planning
$3,415
$0.05
$0.22
Engineering Fees (Green Energy)
$6,250
$0.08
$0.40
Legal Fees
$0
$0.00
$0.00
Sumys
$20,000
$0.27
$1.28
Title & Acquisition Closing Costs
$0
$0.00
$0.00
Appraisals & Market Study
$0
$0.00
$0.00
Environmental Reports
$0
$0.00
$0.00
Property ConcUtions Assessment
$0
$0.00
$0.00
Marketing
$0
$0.00
$0.00
Insurance
$0
Bonded Contractors
$0
$0.00
$0.00
Building Permit Fees
$22,629
$0.30
$1.45
Other Fees (Insurance for BOH, GCs, & Subs)
$45,500
$0.61
$2.91
Soft Cost Contingency (% of Soft Costs above) 5.00%
$4,890
$0.07
$0.31
Existing liens / maintenance / deferred taxes
$0
$0.00
$0.00
Other (Insurance)
$0
$0.00
$0.00
Subtotal
$102,684
$1.37
$6.58
Financing Costs
Loan Origination Fee 0.50%
$0
$0.00
$0.00
Interest on acquisition LOC
$111,512
$1.49
$7.14
Construction Loan Interest Reserves
$0
$0.00
$0.00
Subtotal
2111.512
$1.49
$7.14
TnraI
52.202.095
$20.37
510.11
252
Page 39 of 44
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Unit Mix
Valwood Park Revitalization Project
Farmers Branch, TX 75234
As of7/1/2025
Name jrype)
1-1110g SQ Ft
Bedrooms Bathrooms
1 #of Units
Total SF
%of Total SF
%of Total Units
Lot#1
1,163
3.00 2.00
+
1,561
10%
10%
Lot 92
1,163
3.00 2.00
1
1,561
10%
10%
Lot#3
1,163
3.00 2.00
1
1,561
10%
10%
Lot #4
1,163
3.00 2.00
1
1,561
10%
10%
Lot#5
1,163
3.00 2.00
1
1,561
10%
10%
Lot #6
1,163
3.00 2.00
1
1,561
10%
10%
Lot #7
1,163
3.00 2.00
1
1,561
10%
10%
Lot #8
1,163
3.00 2.00
1
1,561
10%
10%
Lot #9
1,163
3.00 2.00
1
1,561
10%
10%
Lot #10
1,163
3.00 2.00
1
1,561
10%
10%
Totals
11,630
3e
90
70
15,610
100%
100%
unit M�x - Proposed Sales
Name (Type)
Living Sq Ft
Bedrooms
Bathrooms
Proposed SalesPrice
Proposed Price I Living aF
Lot#1
1,163
3.00
2.00
$250.000
$214.96
Lot #2
1,163
3.00
2.00
$250,000
$214.96
Lot #3
1,163
3.00
2.00
$250,000
$214.96
Lot #4
1,163
3.00
2.00
$250,000
$214.96
Lot #5
1,163
3.00
2.00
$250,000
$214.96
Lot #6
1.163
3.00
2.00
$250,000
$214.96
Lot#7
1,163
3.00
2.00
$250,000
$214.96
Lot #8
1,163
3.00
2.00
$250,000
$214.96
Lot #9
1,163
3.00
2.00
$250,000
$214.96
Lot #10
1,163
3.00
2.00
$250,000
$214.96
Totals
1 $2,500,000
#DIV/01
Loan Assumptions
Valwood Park Revitalization Project
Farmers Branch, TX 75234
As of 71212025
Interest Rate
Origination Fee
0.50%
Interest Deferred (Yee/No)
No
Max Loan Commitment (per Term Sheet)
$5,000,000
Max Outstanding Loan Amount (per cash flow table)
C
CONSTRUCTION LOAN ASSUMPTIONS
254
Page 41 of 44
Comparables
Valwood Park Revitalization Project
Fanners Branch, TX 75234
As of7IZ2025
Comparable Sales - RECEATI-f • r Pallas
?JIW2025;
Year Built
Lot Area {SF}
Living Arae (5F)
Listed Price
Days on Market
Price per Lot SF
Price per Living SF
Bedrooms
Bathrooms
Address
Year Built
Lot Area tSVI
Living Area l6F]
Sales Pfce
Sales Elate
Priceper Lct Sf
Priceper Living SF
Bedrooms
Bathrooms
12923 Epps Field Rd, Fanners Branch, 7X75234
2008
24,829
5,044
$998,000
1123/2024
$40.19
$197.86
5
5
2947 Marsann Ln, Farmers Branch, TX75234
1972
10,019
2,336
$424,900
1122/2024
$42.41
$181.89
4
3
2544 Valwood Pkwy, Farmers Branch, TX 75234
1955
7,492
906
$295,000
2/23/2024
$39.38
$325.61
3
1
2561 Brandywine Or, Farmers Branch, TX75234
1958
7,410
1,008
$301,000
2123/2024
$40.62
$298.61
3
1
12926 Harrisburg Cir, Farmers Branch, 7X75234
1953
7,971
1,645
$384,900
2121/2024
$48.29
$233.98
4
2
13756 Pyramid Dr, Fanners Branch, TX75234
1956
8,756
1,228
$304,000
2/20/2024
$34.72
$247.56
3
1
2965 Phyllis Ln, Farmers Branch, TX75234
1954
9,757
2,348
$485,000
2116/2024
$49.71
$206.56
4
3
3017 Valwood Pkwy, Fanners Branch, TX 75234
1957
9,374
1,744
$320,000
2/16/2024
$34.14
$183.49
5
2
12206 Ridgefair PI, Fanners Branch, TX75234
1963
11,326
2,366
$487,000
2114/2024
$43.00
$205.83
4
3
2948 Hadee Dr, Fanners Branch, TX 75234
1972
10,019
1,906
$379,000
2/912024
$37.83
$198.85
4
2.5
13626 Janwood Ln, Fanners Branch, TX 75234
1958
8.756
1,352
$264,900
2/912024
$30.25
$195.93
3
2
2710.2712 Golfing Green Dr, Farmers Branch, TX75234
1971
8,494
2,741
$567,000
2/212024
$66.75
$206.86
4
4
2521 Collingwood Dr, Farmers Branch, TX75234
1955
7,492
962
$332,000
2/112024
$44.31
$345.11
3
1
2648 Leta Mae Ln, Farmers Branch, TX75234
1954
7,797
1,269
$400,000
1131/2024
$51.30
$315.21
4
2
13532 Janwood Ln, Fanners Branch, TX 75234
1959
8,756
1,468
$290,000
1/30/2024
$33.12
$197.55
4
2
2626 Fieldale Dr, Fanners Branch, TX 75234
1956
7,492
1,172
$269,900
1124/2024
$36.03
$230.29
3
1
3027 Primrose Ln, Farmers Branch, TX 75234
1946
13,068
1,641
$400,000
1/8/2024
$30.61
$243.75
3
2
AVERAGES
i
9,430
1,832
$406,035
1 21612024
$,41.33
$236.17
3.71
221
ComparaWe Sales- CURRENT LISTINGS - Weld Dallas (asaf
Address
?JIW2025;
Year Built
Lot Area {SF}
Living Arae (5F)
Listed Price
Days on Market
Price per Lot SF
Price per Living SF
Bedrooms
Bathrooms
13840 Stardust Ln, Fanners Branch, TX75234
1956
8,102
1,012
$349,000
18 days
$43.08
$344.86
3
1
13850 Bimhlawn Or, Fanners Branch, TX75234
1957
8,756
1,342
$379,000
38 days
$43.28
$282.41
3
2
13637 Onyx Ln, Fanners Branch, TX 75234
1960
8,494
1,812
$430,000
2 days
$50.62
$237.31
4
2.5
13821 Sundown Td, Fanners Branch, 7X75234
1955
7,492
1,291
$325,000
60 days
$43.38
$251.74
4
2
2528 Greenhurst Dr, Fanners Branch, TX 75234
1956
9,296
920
$306,000
15 days
$32.92
$332.61
3
1
13925 Bee St, Fanners Branch, TX 75234
1956
7,797
1,020
$320,000
14 days
$41.04
$313.73
3
1
AVERAGES
8,323
1 1,233
1 5351,500
$42.35
5293.76
3.31
1.s6
Com in a ra • r LAND LOTS - West
Da I Ill s
Lot Size (SF)
Total SFR Proposed SF)
SFR Living Area {Proposed
Address'
Lot Area tSFy
Sales Price
ales ate
Price per Lot SF
2930 N Sunbeck Cir, Fanners Branch, TX 75234
25,265
$399,500
1019/2023
$15.81
1815 GraAey Dr, Carrollton, 7X75006
9,235
$169,000
1125/2024
$18.30
12131 Fieldwood Ln, Dallas, TX75244
16,553
$925,000
5/11/2023
$55.88
11907 Ouincy, Dallas, TX 75230
17,424
$725,000
6/15/2023
$41.61
5841 Mcshann Rd, Dallas, TX75230
19,602
$725,825
6121/2023
$37.03
AVERAGES
17,616
$588,865
8116/2023
$33.73
Property Summary
Valwood Park Revitalization Project
See Address Breakdown
Farmers Branch, TX 75234
As of 7/2/2025
Address
Tax ID
Lot Size (SF)
Total SFR Proposed SF)
SFR Living Area {Proposed
Lot #1
TBD
7,500
1,561
1,163
Lot #2
TBD
7,500
1,561
1,163
Lot #3
TBD
7,500
1,561
1,163
Lot #4
TBD
7,500
1,561
1,163
Lot #5
TBD
7,500
1,561
1,163
Lot #6
TBD
7,500
1,561
1,163
Lot #7
TBD
7,500
1,561
1,163
Lot #8
TBD
7,500
1,561
1,163
Lot #9
TBD
7,500
1,561
1,163
Lot #10
TBD
7,500
1,561
1,163
7U7ALS 75,000
15,610
11,630
255
Soft Costs
Soft COstalProfessional Fees
Itemized Cost
Design/Architect Fees & Site Planning
$3,415
Engineering Fees
$6,250
Legal Fees
$0
Surveys
$20,000
Title & Acquisition Closing Costs
$0
Appraisals & Market Study
$0
Enuronmental Reports
$0
Property Conditions Assessment
$0
Marketing
$0
Building Permit Fees
$22,629
Other Fees flns
$45,500
Estimated Perm i! coat r home
■
BP: Eleclricet GC Res Dwellin • New
$83.70
BP: Mechanical/HVAC GC (Res)
Dwelling - New
$83.70
BP: Permit Deposit Fee -100°/ New
S Ft
$2,008.80
BP: Plumbing GC Res Dwelling - New
$83.70
BP: Technol2gy Fee
Subtotall
$2,262.90
Risk
Liability: $1MM/$2MM/$2MM
Liability: $10MM Limit
i Liability: $5MM — Will vary
ig on mold sublimits, any
I reoortina oeriods. etc.
$4800 to 5500 12 -mo policy
$10,000 minimum premium
+ taxes/fees
$20-25,000 + taxes/fees
Will start at $5,000
minimum premium +
SOFT COST
$5,500.00
Page 42 of 44
256
Page 43 of 44
Hard Costs
Description of Work
Cost per Home Total Homes
Portable Toilet
$700.00
$7,000.00
Lot Preparation
$2,900.00
$29,000.00
Site Erosion Control
$200.00
$2,000.00
Site Security (During Construction)
$1,500.00
$15,000.00
Dirt Work/ Select Fill / Cushion Sand
$1,381.00
$13,810.00
Plumbing - Underground
$3,500.00
$35,000.00
Electrical - T Pole
$350.00
$3,500.00
Foundation - Form Board Survey
$500.00
$5,000.00
Foundation - Concrete
$22,560.00
$225,600.00
Framing
$25,000.00
$250,000.00
Roof
$6,000.00
$60,000.00
Doors & Windows
$5,340.00
$53,400.00
Termite
$400.00
$4,000.00
Electrical Rough
$5,400.00
$54,000.00
Plumbing Top Out
$4,300.00
$43,000.00
Mechanical Rough
$6,650.00
$66,500.00
Insulation
$4,000.00
$40,000.00
Flatwork
$7,000.00
$70,000.00
Sheetrock (Tape bed & texture)
$8,400.00
$84,000.00
Casework
$7,200.00
$72,000.00
Countertops
$2,300.00
$23,000.00
Millwork
$5,100.00
$51,000.00
Flooring (Tile & Carpet/Laminate)
$8,700.00
$87,000.00
Mechanical Trim
$2,850.00
$28,500.00
Plumbing Trim
$4,100.00
$41,000.00
Electrical Trim
$3,520.00
$35,200.00
Security System (hard wired)
$1,200.00
$12,000.00
Hardware / Lights
$2,700.00
$27,000.00
Mirrors & Glass / Shower Door
$850.00
$8,500.00
Appliances
$3,300.00
$33,000.00
Painting (Exterior & Interior)
$6,849.00
$68,490.00
Garage Doors
$1,250.00
$12,500.00
Window Covering & Screens
$800.00
$8,000.00
Landscaping
$1,600.00
$16,000.00
Fence
$2,500.00
$25,000.00
Gutters (Front Entry & HVAC)
$650.00
$6,500.00
Final Clean
$1,000.00
$10,000.00
Miscellaneous / Site Mgt
$12,800.00
$128,000.00
Testing
$500.00
$5,000.00
Contingency (%)
$2,000.00
$20,000.00
Trash Haul
$2,500.00
$25,000.00
Utilities
$2,000.00
$20,000.00
Grading - Rough & Final
$1,500.00
$15,000.00
GC Profit & Overhead
$15,000.00
$150,000.00
Total Hard Costs $198,850.00 $1,988,500.00
257
Page 44 of 44
APPENDIX E - DETAILED FLOOR PLANS
258
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