HomeMy WebLinkAboutContract 26347 CITY SECRETARY , I
CONTRACT NO. �c �Lt q
STATE OF TEXAS §
COUNTY OF TARRANT § PURCHASE AND SALE CONTRACT
CITY OF FORT WORTH §
THIS PURCHASE AND SALE CONTRACT ("Contract"), made and entered into as of the Effective Date (as
hereinafter defined) by and between Crest Point Water Supply Corporation., a Texas corporation, duly acting by and
through its corporate officer ("Seller") and the City of Fort Worth, Texas ("Purchaser"), duly acting by and through its
City Manager;
WITNESSETH:
In consideration of the mutual covenants set forth herein,the parties hereto agree as follows:
Section 1. Sale and Purchase. Seller hereby agrees to sell and convey to Purchaser, and Purchaser hereby agrees to
purchase and accept from Seller, for the Purchase Price (as hereinafter defined) on and subject to the terms and
conditions set forth in this Contract, a certain 0.3371-acre tract of land (the "Secondary Tract") situated in Tarrant
County, Texas, as more particularly described in Exhibit "A" hereto together with (a) all easements (including, without
limitation, all easements held by Seller within the service area of its Certificate of Convenience and Necessity ("CCN")
No. 11488, which easements are necessary to the delivery of services in connection therewith), rights-of-way, licenses,
interests, rights and appurtenances appertaining thereto and otherwise held by Seller for the construction, installation,
use, maintenance, repair, replacement, extension or betterment of, or otherwise associated with, the Facilities (as
hereinafter defined); (b) all of the pipes, fittings, valves, equipment, and other improvements and fixtures of Seller's
water utility system, and all reports, engineering studies, and other technical data, including, without limitation, those
listed on Exhibit "B" attached hereto (the "Facilities"); and (c)all personal property used in connection therewith, if any,
free and clear of all liens, claims, easements, rights-of-way, reservations, restrictions, encroachments, tenancies, oil, gas
or mineral leases and any other encumbrances on the mineral estate and any other encumbrances of whatsoever nature
(herein collectively called the "Encumbrances") except the Encumbrances appearing in the Title Commitment (as
hereinafter defined) that are not cured and that are subsequently waived pursuant to Section 3 (the "Permitted
Encumbrances"). The Secondary Tract, Facilities, personal property, and all improvements, easements, rights-of-way,
licenses, interests, rights and appurtenances appertaining thereto, if any, subject to the Permitted Encumbrances, are
hereinafter collectively called the "Property."
Section 2. Purchase Price.
(a) The purchase price("Purchase Price")to be paid by Purchaser to Seller for the Property is One Hundred
Twenty-Five Thousand and No/100ths Dollars ($125,000.00).
(b) Except as more particularly set forth below, the Purchase Price will be paid pursuant to a wire transfer
at the Closing(as hereinafter defined).
(c) Within one (1) business day after Seller returns this Contract to Purchaser, fully executed, Seller shall
deposit into escrow with Title Company a fully-executed and acknowledged Deed and Bill of Sale pertaining to the
Secondary Tract, as hereinafter set forth. Concurrently therewith, Purchaser shall wire transfer into escrow with Title
Company the sum of Seventy-Five Thousand and No/100ths Dollars ($75,000.00), which Title Company shall
immediately transfer to Seller. On or before February 1, 2001, Purchaser shall wire transfer into escrow with Title
Company the amount of Twenty-Five Thousand & No/100ths Dollars ($25,000.00), which Title Company shall
immediately transfer to Seller. The foregoing amounts shall be applied against the Purchase Price of the Secondary
Tract, with the remainder of the Purchase Price thereof payable at the Closing of the Secondary Tract.
Section 3. Title Commitment and Survey.
(a) Within one (1) business day after this Contract has been executed by both parties, Purchaser shall open
an escrow with Commerce Land Title Company,6048 Jacksboro Highway, Fort Worth, Texas 76135 "Title Com an
This Contract constitutes joint instructions to the Title Company. —,
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(b) Within ten (10) days after the Effective Date, Purchaser, at Purchaser's sole cost and expense, shall
obtain (i) an Owner's Commitment for Title Insurance ("Title Commitment") from Title Company, which Title
Commitment shall set forth the status of the title of the Secondary Tract and shall show all Encumbrances and other
matters, if any, relating thereto; and (ii) a legible copy of all documents referred to in the Title Commitment, including
but not limited to plats, reservations, restrictions, and easements; and
(c) Within ten (10) days after the Effective Date, Purchaser, at Purchaser's sole cost and expense, shall
obtain a survey ("Survey") consisting of a plat and field notes describing the Secondary Tract. The Survey shall be
prepared pursuant to a current on-the-ground staked survey performed by a registered public surveyor satisfactory to
Purchaser and Title Company. The Survey shall (i)reflect the actual dimensions of and the total number of acres within
the Secondary Tract, (ii) identify any rights-of-way, easements, or other Encumbrances by applicable recording
reference, and(iii) include the Surveyor's registered number and seal,the date of the Survey, and a narrative certificate in
form and substance satisfactory to Purchaser and Title Company. The description of each tract prepared as a part of the
Survey will be used in all of the documents set forth herein that require a description of such tract.
(d) Within ten (10) days after the Effective Date, Seller shall make available for reasonable inspection and
copying by Purchaser during normal working hours at Purchaser's office in Fort Worth, Texas, such items as Purchaser
may reasonably request to allow Purchaser to evaluate the Facilities(collectively,the "Review Items").
(e) Seller will provide Purchaser within five (5) days after the Effective Date "as-built" plans and
specifications("As-Builts")for the Facilities,and a description of the public rights-of-way or property interests where the
Facilities are located and which are to be transferred to Purchaser at the closing of the Secondary Tract.
(f) If the Title Commitment, Review Items, As-Builts, or Survey fails to show indefeasible fee simple title
to the Property to be in Seller, free and clear of all Encumbrances, then Purchaser shall give Seller written notice thereof
within five (5) days after receipt of the Title Commitment, Survey, and all documents referred to in the Title
Commitment, specifying Purchaser's objections ("Objections"), if any. If Purchaser gives such notice to Seller, Seller
shall cure the Objections.
(g) If Purchaser gives notice of Objections and Seller does not cure the Objections, cause the Title
Commitment and Survey to be amended to give effect to matters that are cured, and give Purchaser written notice thereof
within the three (3) day period following receipt of the notice from Purchaser, Purchaser shall have the right either(i)to
terminate this Contract by giving written notice thereof to Seller and Title Company at any time within three(3)business
days after the expiration of such three (3)day period,and, upon such termination, Seller shall pay to Purchaser all sums it
has received to date pursuant to paragraph 2(c)and neither party hereto shall have any further rights or obligations, or(ii)
to waive the Objections and consummate the purchase of the Property subject to the Objections, which shall be deemed
to be Permitted Encumbrances. Notwithstanding the foregoing sentence, if Seller has commenced curing the Objections
and is diligently prosecuting the same, as determined by Purchaser in Purchaser's sole discretion, then Purchaser in
Purchaser's sole discretion may extend the Cure Period for an amount of time Purchaser deems necessary for Seller to
cure the same. Seller shall not further encumber the Secondary Tract.
Section 4. Termination, Default and Remedies.
(a) If Purchaser fails or refuses to consummate the purchase of the Property pursuant to this Contract or
fails to perform any of Purchaser's other obligations hereunder either prior to or at the respective Closings for any reason
other than termination of this Contract by Purchaser pursuant to a right so to terminate expressly set forth in this Contract
or Seller's failure to perform Seller's obligations under this Contract, then Seller, as Seller's sole and exclusive remedy,
shall have the right either (i) to terminate this Contract by giving written notice thereof to Purchaser prior to or at the
Closing, whereupon neither party hereto shall have any further rights or obligations hereunder, or(ii)to enforce specific
performance of Purchaser's obligations under this Contract.
(b) If Seller fails or refuses to consummate the sale of the Property pursuant to this Contract or fails to
perform any of Seller's other obligations hereunder either prior to or at the respective Closings for any reason other than
the termination of this Contract by Seller pursuant to a right so to terminate .xprq,5s^y��t � s Contract or
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Purchaser's failure to perform Purchaser's obligations under this Contract, then Purchaser shall have the right either(i)to
enforce specific performance of Seller's obligations under this Contract, (ii) to terminate this Contract by giving written
notice thereof to Seller prior to or at the Closing, whereupon Seller shall pay to Purchaser all sums it has received to date
pursuant to paragraph 2(c) and neither party hereto shall have any further rights or obligations hereunder, or (iii) to
exercise any other right or remedy Purchaser may have at law or in equity by reason of such default, including but not
limited to, the recovery of attorneys' fees incurred by Purchaser in connection therewith.
Section 5. Closing.
(a) The closing ("Closing") of the sale of the Secondary Tract by Seller to Purchaser shall occur in the
office of Title Company on or about the date Purchaser connect its water utility system to the Crest Point Facilities
("Second Closing Date"). Purchaser shall give Seller and Title Company advance notice of the date and time for the
Closing of the Secondary Tract.
(c) At the respective Closings, the following shall occur, all of which shall be deemed concurrent
conditions:
(1) Seller shall deliver or cause to be delivered to Purchaser the following:
(i) Upon the opening of the escrow, at Seller's sole cost, a General Warranty Deed
("Deed") in the form attached hereto as Exhibit "C," and a Bill of Sale ("Bill of Sale") in the form
attached hereto as Exhibit "D", fully executed and acknowledged by Seller, conveying to Purchaser
indefeasible fee simple title to the Secondary Tract and the remainder of the Property, which Deed and
Bill of Sale shall be held in trust for delivery by Title Company at the Closing of the Secondary Tract.
(ii) At the Closing, at Seller's sole cost, an Owner Policy of Title Insurance ("Owner
Policy") for the Secondary Tract issued by Title Company to Purchaser in the amount of the Purchase
Price insuring that, after the completion of the applicable Closing, Purchaser is the owner of
indefeasible fee simple title to the Secondary Tract, subject only to the Permitted Encumbrances and the
standard printed exceptions included in a Texas Standard Form Owner Policy of Title Insurance;
provided, however, the printed form survey exception shall be limited to "shortages in area," the printed
form exception for restrictive covenants shall be marked "none of record" except these restrictive
covenants that are Permitted Encumbrances, there shall be no exception for rights of parties in
possession, and the standard exception for taxes shall read: "Taxes for the year [of the applicable
Closing] and subsequent years not yet due and payable."
(iii) An affidavit in the form acceptable to Title Company from Seller pursuant to Section
1445 of the Internal Revenue Code and/or applicable regulations relating thereto stating(a)that Seller is
not a foreign person, (b)the Seller's name, U.S. taxpayer identification number and address (home
address for individuals, office address for entities), and(c) such other information as may be required by
Section 1445 of the Code or the Regulations thereunder. An executed counterpart of this affidavit may
be furnished to the Internal Revenue Service at or following the respective Closings.
(iv) Such other documentation reasonably and customarily requested by Title Company or
otherwise necessary to effect the transfer of the Property.
(2) Purchaser, at Purchaser's sole cost and expense, shall deliver or cause to be delivered to Seller
via wire transfer an amount equal to the previously unpaid portion of the Purchase Price.
(3) Purchaser and Seller shall equally pay all closing costs, escrow and recording fees. In addition,
Purchaser shall pay, outside of closing, all fees of Purchaser's attorneys and consultants. Seller shall pay, outside
of closing, all fees of Seller's attorneys and consultants.
(d) Ad valorem and similar taxes and assessments relating to the Property shall be prorated between Seller
and Purchaser as of the Closing Date, based on estimates of the amount of taxes th t ble on the
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Property during the calendar year in which the Closing Date occurs, which estimates shall be deemed final and binding.
Seller shall be responsible for the payment of all ad valorem and similar taxes applicable to the personal property, which
obligation shall survive the applicable Closing.
(e) Upon completion of each Closing, Seller shall deliver to Purchaser actual possession of the applicable
tract and other Property free and clear of all tenancies of every kind and parties in possession with all parts of the
Property in substantially the same condition as on the date hereof.
Section 6. Conditions to Performance by Purchaser.
(a) Notwithstanding anything to the contrary contained herein, until Closing of the Secondary Tract, the
following matters are conditions precedent to Purchaser's obligations under this Contract:
(1) Purchaser's being satisfied in Purchaser's sole discretion that no portion of the Property is
subject to any restriction, law, rule, regulation, order, or ordinance of any federal, state, county, or civil
governmental body or agency that would prohibit or reduce the use of any portion of that Property for its
intended purposes.
(2) Purchaser's being satisfied in Purchaser's sole discretion as to the feasibility of obtaining any
reasonable off-site easements which may be necessary to permit Purchaser's contemplated use of the Property.
(3) Seller's acquisition and execution of any and all documents and applications which may be
reasonably required and requested by Purchaser or Title Company in satisfying the conditions to performance
by Purchaser, understanding that no such documents or applications shall impose any additional obligations
upon the Seller except as a condition to the continued use of the Property for its current purposes.
(b) In the event that the Purchaser is not satisfied in Purchaser's sole discretion as to all of the conditions
precedent described in Section 6(a) hereof and does not give notice to Seller by the applicable Closing of Purchaser's
intent to proceed to Closing, Purchaser shall be deemed to have terminated this Contract, and upon such termination,
neither party shall have any further rights or obligations hereunder.
(c) The provisions of this Section 6 shall control all other provisions of this Contract.
Section 7. Compliance.
(a) Purchaser has been and is hereby advised that Purchaser should have the abstract covering the
Property examined by an attorney of Purchaser's selection or that Purchaser should be furnished with a policy of title
insurance. By Purchaser's execution of this Contract, Purchaser acknowledges that Purchaser has been so advised in
compliance with the Texas Real Estate License Act.
Section 8. Tests. Purchaser, at Purchaser's sole cost and risk, shall have the right to go on to the Property and to
make inspections, surveys, test borings, soil analyses, and other tests and surveys thereon. If the sale of the Property is
not consummated pursuant hereto, Purchaser shall restore or cause to be restored the surface of the Property to as near
the condition thereof existing prior to any entry by Purchaser as may be practicable.
Section 9. Notices.
(a) Any notice required or permitted to be given hereunder by one party to the other shall be in writing
and(i) delivered in person to the address set forth hereinbelow for the party to whom the notice is given, (ii) delivered in
person at the Closing (if such party is present at the Closing), (iii) placed in the United States mail, return receipt
requested, addressed to such party at the address hereinafter specified, or (iv) deposited into the custody of Federal
Express Corporation to be sent by Federal Express Overnight Delivery, addressed to such party at the address hereinafter
specified.
(b) The address of Seller for all purposes under this Contract and for al � a rrr,,h� e:
420551-7 4 �cifflI:DA ccoo M
Ell
Ms. Pat Craus, Owner
Crest Point Water Supply Corp.
P.O. Box 136189
Fort Worth,Texas 76136-018
with a copy to: G
4
FANNING,HARPER&MARTINSON
ATTORNEYS AND COUNSELORS
1*111RD PLOOR PRESTON(O?INIONS R'ES1
8117 PRESTON'ROAD '
DALLAS,TEXAS 75225
(c) The address of Purchaser for all purposes under this Contract and for all notices hereunder shall be:
City Manager
1000 Throckmorton
Fort Worth,TX 76102
Attn: Dale A. Fisseler,P.E., Director
Fort Worth Water Department
with a copy to:
Dirk E. Eshleman
Kelly, Hart&Hallman, P.C.
201 Main Street
Suite 200
Fort Worth,Texas 76102
(d) From time to time either party may designate another address within the 48 contiguous states of the
United States of America for all purposes of this Contract by giving the other party not less than thirty (30) days' advance
written notice of such change of address in accordance with the provisions hereof.
Section 10. Entire Agreement. This Contract (including the exhibits hereto) contains the entire agreement
between Seller and Purchaser, and no oral statements or prior written matter not specifically incorporated herein shall be
of any force and effect. No variations, modifications, or changes hereof shall be binding on either party hereto unless set
forth in a document executed by such parties or a duly authorized agent,officer or representative thereof.
Section 11. Representations of Seller. In addition to the representations and warranties contained in other
paragraphs of the Contract, Seller hereby makes the following representations and warranties. Such representations and
warranties shall survive the Closing regardless of what investigations Purchaser shall have made with respect thereto
prior to the Closing, each of which individual representation and warranty (i) is material and being relied upon by
Purchaser and (ii) is true in all respects as of the date hereof and shall be true in all respects as of the Closing:
(a) This Contract and all documents to be executed and delivered by Seller at Closing are and at the
Closing will be duly authorized, executed, and delivered, and are and at the Closing will be legal, valid, and binding
obligations of Seller, and do not and at the Closing will not violate any provisions of any agreement to which Seller as a
party or to which Seller is subject. Seller is duly organized, validly existing and in good standing under the laws of the
state in which it was organized and is authorized to sell the Property.
(b) There are no and at the Closing Date shall be no existing or pending litigation or claims with respect
to the Property and, to the knowledge of Seller, there are no and at the Closing Date shall be no such actions, suits,
proceedings, or claims threatened or asserted.
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(c) No person, firm, corporation or other entity has or at the Closing Date shall have any right or option to
acquire the Property, or any part thereof, from Seller, nor has Seller heretofore assigned, pledged, or encumbered its
interest in all or any portion of the Property.
(d) The existing utility systems on the Land are not and as of the Closing Date will not be impaired or
reduced.
(e) Seller has not and at the Closing Date shall not have received any notice of any violation of any
ordinance, regulation, law or statute of any governmental agency pertaining to the Property or any portion thereof.
(f) None of the Seller's customers has given or received any notices, demands, consents or requests under
or in respect of its service agreement and no default exists, and no events have occurred which, with the giving of notice
or the lapse of time, or both,would constitute a default, under the service agreements.
(g) The public rights-of-way or property interests for the Facilities are owned by Seller, not subject to any
liens, claims or encumbrances and are merchantable and suitable for the purpose of constructing, installing, operating,
repairing, maintaining and replacing the Facilities.
(h) In Seller's reasonable judgment, the Facilities and related improvements are adequate and capable of
meeting the service obligations of CCN No. 11488.
(i) There are no notices, violations, disputes, orders, investigations, actions, suits, proceedings,
arbitrations, decrees or judgments (pending or threatened) against Seller relating to any conditions, matters or things
affecting the Property or Facilities, Seller's right, title, estate or interest therein, thereto or thereunder, or Purchaser's
reasonably anticipated use thereof.
0) There are no unpaid or outstanding taxes or assessments, any tax exemptions or abatements or any
other payments or liabilities, including roll-back taxes or assessments or debt issues affecting or relating to the Property
or Facilities, or the ownership, development, operation or use thereof, or interest therein, which are due or payable, or
which as a result of the contemplated transactions would become due or payable.
Section 12. Assigns. This Contract shall inure to the benefit of and be binding on the parties hereto and their
respective legal representatives, successors, and assigns. Neither party may assign its rights hereunder at any time at or
prior to Closing to any other person or entity.
Section 13. Time for Execution and Effective Date. If Seller has not executed and returned a fully executed copy
of this Contract to Purchaser by 5:00 p.m., Fort Worth, Texas time, on October 27, 2000, this Contract shall be null and
void. The date on which this Contract is executed by the last to sign of the Seller and Purchaser shall be the "Effective
Date" of this Contract.
Section 14. Time of the Essence. Time is of the essence of this Contract.
Section 15. Destruction, Damage, or Taking Prior to Closing. Prior to Closing, risk of loss with regard to the
Property shall be borne by Seller. If, prior to Closing, the Property is destroyed or damaged, or becomes subject to a
taking by virtue of eminent domain, to any extent whatsoever, Purchaser may, in Purchaser's sole discretion, terminate
this Contract, and neither party hereto shall have any further rights or obligations hereunder.
Section 16. Terminology. The captions beside the section numbers of this Contract are for reference only and
shall not modify or affect this Contract in any manner whatsoever. Wherever required by the context, any gender shall
include any other gender,the singular shall include the plural, and the plural shall include the singular.
Section 17. Governing Law. THIS CONTRACT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF TEXAS, WITHOUT REGARD TO ITS CHOICE OF LAW PROVISIONS. VENUE SHALL
LIE EXCLUSIVELY IN TARRANT COUNTY,TEXAS.
420551-7 6
Section 18. Severability. If any provision of this Agreement is held to be illegal, invalid or unenforceable under
present or future laws, such provision shall be fully severable and this Agreement shall be construed and enforced as if
such illegal, invalid or unenforceable provision is not a part hereof, and the remaining provisions hereof shall remain in
full force and effect. In lieu of any illegal, invalid or unenforceable provision herein, there shall be added automatically
as a part of this Agreement a provision as similar in its terms to such illegal, invalid or unenforceable provision as may
be possible and be legal,valid and enforceable.
Section 19. Construction. The parties acknowledge that each party and its counsel have reviewed and revised this
Contract and that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting
party shall not be employed in the interpretation of this Contract or any amendments or exhibits hereto.
Section 20. Foreign Person Status. If Seller is not a "foreign person," as defined in federal Foreign Investment in
Real Property Tax Act of 1980 and the 1984 Tax Reform Act, as amended ("Federal Tax Law"), then at the Closing,
Seller will deliver to Purchaser a certificate so stating, in a form complying with the Federal Tax Law. If Seller is a
"foreign person" or if Seller fails to deliver the required certificate at the Closing, then in either such event the funding to
Seller at the Closing will be adjusted to the extent required to comply with the withholding provisions of the Federal Tax
Law; and although the amount withheld will still be paid at the Closing by Purchaser, it will be retained by a mutually
acceptable escrow agent for delivery to the Internal Revenue Service together with the appropriate Federal Tax Law
forwarding forms (and with copies being provided both to Seller and to Purchaser). The following parties are hereby
approved as mutually acceptable escrow agents in the event that withholding is warranted in accordance with the
immediately preceding sentence (listed in order of decreasing preference): the Title Company, the Purchaser's
"independent CPA" (i.e., a certified public accountant who is associated with an independent CPA firm), the Purchaser's
"outside counsel" (i.e., a licensed attorney who is associated with an independent law firm), the Seller's "independent
CPA," the Seller's "independent attorney," and a mutually acceptable financial institution.
Section 21. Internal Revenue Code Section 6045. Seller and Purchaser hereby acknowledge that the Tax Reform
Act of 1986 requires the entity closing the transaction to report the terms of any real estate transaction to the Internal
Revenue Service. Seller and Purchaser agree that they will request the Title Company to be the closer of the transaction
for purposes of I.R.C. §6045. Seller hereby agrees to execute and deliver to the Title Company at Closing any
certificates or other documentation required by the Title Company in order to comply with these requirements.
Section 22. Notice to Texas Natural Resource Conservation Commission. Purchaser, at Purchaser's sole cost and
expense, shall deliver to the Texas Natural Resource Conservation Commission ("TNRCC") all required notices with
respect to the change in ownership, conveyance of the Property and the transfer of deposits and obtain any approval, if
required, of same. Seller shall cooperate and assist Purchaser to the extent reasonably necessary in obtaining such
consents or approvals.
Section 23. Further Assurances. Seller shall execute such other documents reasonably requested by Purchaser to
effect the conveyance of the Property, the transfer of the rights appurtenant thereto, and the satisfaction of the other
covenants of Seller herein, which obligation shall survive the Closing. If Seller fails to do so within three (3) days of the
applicable request, Purchaser may do so as Seller's attorney-in-fact, which power of attorney is irrevocable and coupled
with an interest.
420551-7 7 Eff
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IN WITNESS WHEREOF,this Contract is hereby executed as of the Effective Date.
ATTEST: CITO OR , TEXAS
By: LBy:
.,t,City Se etary �",3'� Name:
City Manager
APPROVED AS TO FORM: Date Executed RV- 3 A-A ,20-OL
City Atto y)f "PURCHASER"
Date: 14)
CREST POINT WATER SUPPLY CORPORATION,
P- q dy 0 5 a Texas corporation
O�
Contract Authorization By:
00 Name: A7'd–Pi d-11A ��A d5
Date
Title:
Date Executed: /0 ,20jpo
"SELLER"
STATE OF TEXAS §
COUNTY OF TARRANT §
BEFOR ME,THE UNDERSIGNED AUTHORITY,on this day personally appeared M:k e 6w-oc,—ex–
r"" ,'City Manager of the City of Fort Worth, a municipal corporation, known to me to be the person and
officer whose name is subscribed to the foregoing instrument and acknowledged to me that the same was the act of the
said CITY OF FORT WORTH, TEXAS, a municipal corporation, that he was duly authorized to perform the same by
appropriate resolution of the City Council of Fort Worth,and that he executed the same as the act of the said City for the
purposes and consideration therein expressed and in the capacity therein stated.
GIVEN UNDER MY HAND AND SEAL OF OFFICE this the 2-10 day of MD%le,tb ,2WO .
A A,
otaryLLPublic,State of Texas
�rv.Mi �A
PATRICIA A. GARCIA
: t Notary's Typed or Printed Name
; * NOTARY PUBLIC
State of Texas
a•nF'i 4}
Comm. Exp.03-31-2001 My Commission expires 31-31 /0
1
u��KNAL PRO PD
420551-7 g ON N6! V12 y
STATE OF TEXAS §
COUNTY OF TARRANT §
BEFORE ME, THE UNDERSIGNED AVTHORITY,,on this day personally appeared
as t-' a -I of CREST POINT WATER
SUPPLY CORPORATION, a Texas corporation, on behalf of said corporation, known to me to be the person and officer
whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same for the
purposes and consideration therein expressed, in the capacity therein stated, and as the act and deed of said corporation.
GIVEN UNDER MY HAND AND SEAL OF OFFICE this theme y - 20 6{
S da of
.t� Not Public, State of Texas
�j� Notary's Typed or Printed Name
.� q•Yi!o ` t ��V,,`fir i..::.%
My Commission expires: ( , Jc 7j
.` ) "•til v�
;i�� O1D
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AS30CIATES wurvt:y as mndc O' �, 'C,�,�D
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EXHIBIT "B"
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IOWNER/pEVELOPtR
LIA nOnn 1\In
LandCon Inc.
Engineers Surveyors Planners
Opinion of
Probable Cost
Project: Crest Point Water System Project No.: 2000-052
Owner: Crest Point WSC Prepared By: bb
Subject: Water Facilities Date: 5/31/00
Item Description Quantity Unit
1 8"Water Line 800.00 L.F.
2 6"Water Line 2,300.00 L.F.
3 4"Water Line 750.00 L.F.
4 Fire Hydrant"Flush Plugs" 4.00 Ea
5 6"Gate Valves 7.00 Ea
6 4"Gate Valves 3.00 Ea
7 3/4"Service Connections 47.00 Ea
8 2,500 Pressure Tank 1.00 Ea.
9 22,000 gal. Ground Storage Tank 1.00 Ea
10 Service Pumps(7.5 hp) 2.00 Ea
11 Controls, Manifolds, etc. 1.00 Ea.
12 Fencing 1.00 L.S.
13 Pump House 1.00 Ea.
14 7"Well (206'Depth) 1.00 LS
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Page 1 of 1
P.O.Box 100247 Fort Worth,Texas 76185-0247 I W
2501 Parkview Dr.,Suite 610 Fort Worth,Texas 76102-5803
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EXHIBIT"C"
GENERAL WARRANTY DEED
STATE OF TEXAS §
§ KNOW ALL MEN BY THESE PRESENTS:
COUNTY OF TARRANT §
THAT, CREST POINT WATER SUPPLY CORPORATION, a Texas corporation ("Grantor"), for and in
consideration of the sum of Ten and No/100 Dollars ($10.00)cash and other good and valuable consideration to Grantor
paid by the CITY OF FORT WORTH, TEXAS, a municipal corporation, whose mailing address is 1000 Throckmorton,
Fort Worth, Tarrant County, Texas 76102 ("Grantee"),the receipt and sufficiency of which are hereby acknowledged and
confessed, has GRANTED, BARGAINED, SOLD and CONVEYED and by these presents does GRANT, BARGAIN,
SELL and CONVEY unto Grantee, that certain tract of land in Tarrant County, Texas, described in Exhibit "A-1"
attached hereto and incorporated by reference, together with all improvements thereon and all rights and appurtenances
appertaining thereto, any right, title and interest of Grantor in and to any easements, rights-of-way, licenses, interests,
rights and appurtenances appertaining to the aforementioned tract and any land lying in any alleys or strips or gores of
land adjoining or abutting the aforesaid tract or in and to any land lying in the bed of roads or streets, open or proposed,
adjoining or abutting the aforesaid tract, if any(herein collectively called the "Property").
TO HAVE AND TO HOLD the Property,together with all and singular the rights and appurtenances thereunto
in any wise belonging unto Grantee, its legal representatives, successors and assigns, to WARRANT AND FOREVER
DEFEND all and singular the Property unto Grantee, its legal representatives, successors and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
WITNESS THE EXECUTION HEREOF on the day of !+ ,20r,n but to be effective as of
the day of � ,g,e�q,Q� _,20_4�L.
CREST POINT WATER SUPPLY CORPORATION,
a Texas corporation J
By:'l<�
Name:
Title:
Date Executed: 10 ,20 r r
"SELLER"
STATE OF TEXAS §
COUNTY OF TARRANT §
s
BEFORE ME, THEOERSICNED AUTHORITY, on this day personally appeared
as � 1of CREST POINT WATER SUPPLY CORPORATION, a
Texas corporation, on behalf of said corporation, known to me to be the person and officer whose name is subscribed to
the foregoing instrument, and acknowledged to me that he executed the same for the purposes and consideration therein
expressed, in the capacity therein stated,and as the act and deed of said corporation.
._ 7�15 I^hJl Orli Q
420551-7 12
1
GIVEN UNDER MY HAND AND SEAL OF OFFICE this the day of 20 .
Notary Public, State of exas
;=G otary's Typed or Printed Name
t�as�� 9
0� � y Commission expires: r,}o
cc ON ECG°.)Mky
420551-7 13 � lr�lbr--1� a
EXHIBIT "A-1"
Property Description
[TO BE ATTACHED BY GRANTOR]
Ilii! 'U�1M4
420551-7 14u� 1N
F o
FAX–AUS * Pg 6/7
07/2912600 16:09 817-238-7448 STAR VILLAGE COMMONS PAGE OG
EloquIT
j,E0AL R@9Cj%pTjQ8 al LAND AND SYPDI!?ir UPVEY
i S�JST�/.l r
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I»scCii�ricn for a tract of land oUt or t.1c J. nitH NUhril9 �UtiVEY�
Austract No. 1765, Tarrant CountYc T01113'
L3WjNNIl7G at o pcint in the South linu of Said nNr1L'NDnl1iS aURVCY lying
N 07" 52' 92'G. 47.0-GU tett from tlto SouG11�+De� ca'nec tliareof;
i TI{ENCE N Oar
21 ' 33E. 103-68 feet tc a
� ?IIKNCR S 89" SB' tIa'&,
141 ,90 Ecet to n
'1'1tEI4C4 S 00, 11'
00"H, 103.30 rear CP i p1'
I'{L13NCB S ng, 32' SZ'1i, {41.91 feet -to the 00INT OP eEnINNING an
containing 0.1371 ,lctoe of land.
• nvey'� •1¢r:ur,ncncr ro ntn r. •r�• reit ray -
TA64AMT CO. Ts..
4M4]lC91a71:• Yn'nsu 41r 1-0- U17111"f njl:i ra,vvrmTY uoxs
I tut rnntru. Fina r anuli.
V OF
g3
'o�la aa3{fi'
` •`•^�� their. thi r lie nr7ai
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'�S Z ecrtlly IQs I_Lh S
accurate Lehr�>"anca F �l �/rn� IFir `UU�D
x.n. 6 h35t]CIAILS aucy(.y as mnaC o' U G �0 D
r.. 0ae 250-0 that tl7ero are: n
�ringt0-n. 'texas r���� wants or anccoacs U`ILSWnIQU
EXHIBIT "D"
BILL OF SALE
THAT, CREST POINT WATER SUPPLY CORPORATION, a Texas corporation ("Grantor"), for and in
consideration of the sum of Ten and No/100 Dollars($10.00)cash and other good and valuable consideration to Grantor
paid by the CITY OF FORT WORTH, TEXAS, a municipal corporation, whose mailing address is 1000 Throckmorton,
Fort Worth, Tarrant County, Texas 76102 ("Grantee"), the receipt and sufficiency of which are hereby acknowledged,
has GRANTED, SOLD, CONVEYED, DELIVERED, ASSIGNED, and TRANSFERRED, and by these presents does
hereby GRANT, SELL, CONVEY, DELIVER, ASSIGN, and TRANSFER unto Grantee, its successors and assigns all
fixtures, equipment, appliances, furniture, furnishings, and other personal property ("Property") located in or on the tract
of land described on Exhibit "A-1" attached hereto or located in or on the improvements thereon, including without
limitation the personal property described on Exhibit "B-1" attached hereto, which description is made part of the basis
of the bargain between Grantor and Grantee relative to the Property.
Grantor, for itself and its legal representatives, successors and assigns, hereby warrants, represents, covenants
and agrees with Grantee as follows:
(a) That Grantor is the lawful owner of the Property, has good and marketable title to the Property, and
has the right to convey the Property in fee simple;
(b) That the Property is (i) merchantable, (ii) free and clear of any mortgages, liens, claims, security
interests or any encumbrances of whatsoever nature, and is being delivered free of the rightful claim of any third party by
way of infringement or the like, (iii) fit for the ordinary purposes for which the Property is used, and (iv) fit for the
particular purpose for which it is being purchased, of which Grantor is aware;
(c) That Grantor has the full right, power and authority to execute this Bill of Sale and to perform its
obligations hereunder; and
(d) That Grantor acknowledges that each of the representations, covenants and agreements are material
and are the basis of the bargain between Grantor and Grantee relative to the Property, and that Grantee's purchase of the
Property is in reliance and would not be made in the absence of same. (All warranties, representations, covenants, and
agreements contained herein are made in writing by Grantor and shall be true and correct on the date hereof and shall
survive the date hereof.)
This Bill of Sale and the conditions, terms, provisions, representations, and covenants shall apply to, inure to
the benefit of, and be binding upon the successors, executors, administrators, legal representatives, and assigns of the
parties hereto.
TO HAVE AND TO HOLD the Property unto Grantee, together with all and singular the rights and
appurtenances thereunto in any wise belonging unto Grantee, its successors and assigns forever, and Grantor does hereby
bind itself, its legal representatives, successors and assigns, to WARRANT AND FOREVER DEFEND the title to the
Property unto Grantee, its successors and assigns, against any person whomsoever lawfully claiming, or to claim the
same, or any part thereof.
�r1'S LI G1C RA
420551-7 15
WITNESS THE EXECUTION HEREOF, as of the ? )4 of ,20�Q.
CREST POINT WATER SUPPLY CORPORATION,
a Texas corporation
Name:I-A T.e /,f A4 ( 22Ag el
Title: -,ZA r�S i,n �itJ7
Date Executed: /e ,20QQ
STATE OF TEXAS §
COUNTY OF TARRANT § I
BEFORE ME, THE UN $RSIGNED AUTHORITY on this da personally appeared �` S
Y P Y PP �-{-�t C.�
as `, ;_ <<, ux1., of CREST POINT WATER SUPPLY CORPORATION, a
Texas corporation, on behalf of said corporation, known to me to be the person and officer whose name is subscribed to
the foregoing instrument, and acknowledged to me that he executed the same for the purposes and consideration therein
expressed, in the capacity therein stated, and as the act and deed of said corporation.
GIVEN UNDER MY HAND A SE OF OFFICE this the jS day of 1 , 20 .
Q•• Q• .:��yQ•q� � I
X;
ti '�qe� , Notary Public, State ofexas
�.`moo�
s? T Notary's Typed or Printed Name
My Commission expires:
�iv'111 U �r��~U�LSWn1Ud�U
420551-7 16 llo
EXHIBIT"A-1"
Property Descriptio
[TO BE ATTACHED BY GRANTOR]
i�' ILI s E cc 0 Q,D
UH M.
420551-7 17 0
FAX-AUS ' Pg 6/7
07/29/2001a 16:09 817-238-7448 STAR VILLAGE ==MONS PAGE 06
E><11�9IT `A'
Sys
LEGAL 069C��sr�vr �A��>)RYEY
� R•o�-�"-c Fee.. '
• 1ti1� `�• Q
Ac.
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��ta.I rD �,ti•TY�..V �1� -
.
leo.+ S a-t; 92
��� aFl ELD ?10•CE3
n�seeihr_ion far a Greet of land outTe�ne�c , A11HIiNUh11I9 SUNVEY,
A179C[Jct No. 1765, Torcant Countyt ;o1e nNML'lvDAlliy aUItVCY Lylny
ut*GIHNII7G at a point in the South ling of o.ner tltarcoE;
u 37° 52' 92'G. 47.O.LUtett from tlto SoutYlt+0a7: c
i xtIENCE N 00'
.1 33'E, 107.fi0 Eeet to a ;" 4rol7i
?IIVNCIZ S fl9" 51, t10'S, 141 .90 Ecet Con ;'' iron;
'1'ItEHCI: S 00 21 '
00"H, 103.30 Not t0
TILUNCS S 09' 52' 52-YI, 141.91 foot •l'o the PdINT OP RErINNING an
eon eailling 0.3371 accne of Iced.
1ltlfyl .7Ctilyl,atll(1 •1't1 7118 h'• .N• hW
YAt:NAMT Lam. TT.. 'l .1107. 110.
• ICU 145,:. YATW
7 12:1 V'mw""TY WKS IT 1.11: W I 11111
OF rile len tk• p1111U 1 anlW,
their this a trVe 01,41
"sU I eartify
. aeouratc L'r[7r�as:antat n`jyt' tft-1
K.B. 6 ASaCCIATES au1 ve;y as mndo d' END,DO
r.. `2, One 2:a-D �n � that thero era n JL `j,�Jnl/�Uf
Veingteun, texas kYGi.e.� 1tlants or anecoa� Y OLS,vCI�Un111'u
20-214] ..;hciult. V�y� 1ti'."�
i 1 f�Cfil' I�n�
EXHIBIT "B-1"
[TO BE ATTACHED BY GRANTOR]
�����it I�'r 24'`_�• Voo(`®
420551-7 18 o
LandCon Inc.
Engineers Surveyors Planners
Opinion of
Probable Cost
Project: Crest Point Water System Project No.: 2000-052
Owner: Crest Point WSC Prepared By: bb
Subject: Water Facilities Date: 5/31/00
Item Description Quantity Unit
1 8"Water Line 800.00 L.F..
2 6"Water Line 2,300.00 L.F.
3 4"Water Line 750.00 L.F.
4 Fire Hydrant"Flush Plugs" 4.00 Ea
5 6"Gate Valves 7.00 Ea
6 4" Gate Valves 3.00 Ea
7 3/4" Service Connections 47.00 Ea
8 2,500 Pressure Tank 1.00 Ea.
9 22,000 gal. Ground Storage Tank 1.00 Ea
10 Service Pumps (7.5 hp) 2.00 Ea
11 Controls, Manifolds, etc. 1.00 Ea.
12 Fencing 1.00 L.S.
13 Pump House 1.00 Ea.
14 7"Well (206' Depth) 1.00 LS
c
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1
�QD
Page 1 of 1 {^i�;?M �( j
P.O.Box 100247 Fort Worth,Texas 76185-0247
2501 Parkview Dr.,Suite 610 Fort Worth,Texas 76102-5803
City of Fort Worth, Texas
"61yor And coun"'I communicalflon
DATE REFERENCE NUMBER LOG NAME PAGE
10/10/00 P-9205 60CREST 1 1 of 2
SUBJECT AUTHORIZE THE PURCHASE OF CREST POINT WATER SUPPLY CORPORATION
AND CCN AND APPROVAL OF ACQUISITION OF PROPERTY LOCATED ALONG
BOAT CLUB ROAD FOR EXPANSION OF WATER AND WASTEWATER FACILITIES
RECOMMENDATION:
It is recommended that the City Council:
1. Authorize the purchase of the Crest Point Water Supply Corporation and the Certificate of
Convenience and Necessity (CCN) for the Crest Point subdivision from Crest Point Water Supply
Corporation for a sum of$125,000; and
2. Authorize the acquisition of 2.179 acres located at and adjacent to 9241 Boat Club Road for
expansion of wastewater facilities from Lake Country Realty, Inc. for a sum not to exceed $300,000;
and
3. Authorize the acceptance and recording of the appropriate instruments.
DISCUSSION:
Crest Point subdivision is located just northwest of the recently annexed Tarrant County Municipal
Utility District No. 1 (TCMUD). The Crest Point area is within the Water Department's comprehensive
plan for expanding its water and wastewater utility system into northwest Tarrant County as continuing
development occurs in that area. After lengthy negotiations, Crest Point Water Supply Corporation has
agreed to sell the water system, including the well, the tanks, the land on which the well is located, and
the water CCN to the City. The Water Department plans to extend water lines into the area to connect
Crest Point to the City's water distribution system. Crest Point Water Supply Corporation has agreed to
continue to own and operate the system, in exchange for the revenue to be generated from its current
customers, until the water line is complete and the system can be connected to the Fort Worth system.
Through the annexation of the TCMUD, the City acquired TCMUD Lift Station No. 9, located along Boat
Club Road. Lake Country Realty, Inc. owns the property where the lift station is located and authorized
the TCMUD to construct it. However, no interests in land were granted to the TCMUD. With continued
development occurring north of the area, the need to upgrade and expand the lift station and
associated facilities at the site has resulted in the need to acquire the property on which the lift station is
located and enough additional property to allow for future expansions.
The Water Department has negotiated with Lake County Realty, Inc., the owner of the property, to
purchase the property for the lesser of $300,000 or an amount to be determined after an independent
appraisal.
City of Fort Worth, Texas
"611101C and Council Communication
DATE REFERENCE NUMBER LOG NAME PAGE
10/10/00 P-9205 I 60CREST 2 of 2
SUBJECT AUTHORIZE THE PURCHASE OF CREST POINT WATER SUPPLY CORPORATION
AND CCN AND APPROVAL OF ACQUISITION OF PROPERTY LOCATED ALONG
BOAT CLUB ROAD FOR EXPANSION OF WATER AND WASTEWATER FACILITIES
FISCAL INFORMATION/CERTIFICATION:
The Finance Director certifies that funds are available in the current capital budget, as appropriated, of
the Water Commercial Paper Fund.
MG:k
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to) . APPROVED
Mike Groomer 6140 0TY COUNCIL
Originating Department Head:
00T 10 2000
Dale Fisseler 8207 (from)
P160 539120 060160151270 $125,000.00 ���,�,�, rj.)
Additional Information Contact: P170 541100 030170280030 $300,000.00 r.7 Zew-Mxz of ilia
Dale Fisseler 8207 --