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HomeMy WebLinkAboutContract 36886 CITY SECRETARY CONTRACT NO. MEMORANDUM OF OIL AND GAS LEASE STATE OF TEXAS § § KNOW ALL MEN BY THESE PRESENTS: COUNTY OF TARRANT § BE IT REMEMBERED that on the I- 'klday of &bru(,.r _, 2008, a Paid Up Oil and Gas Lease was made and entered into by and between the CIMOF FORT WORTH,a home rule municipal corporation of the State of Texas, c/o Director, Department of Engineering, 1000 Throckmorton Street, Fort Worth, Texas 76102, hereinafter called "(LESSOR)",- and DALE PROPERTY SERVICES, L.L.C., a Texas limited liability corporation, 2100 Ross Avenue, Suite 1870, LB-9, Dallas, Texas 75201, hereinafter called ("LESSEE"), where LESSOR hereby grants, leases and lets exclusively to LESSEE for the purpose of exploring for, developing, producing and marketing oil and gas, together with any liquid or gaseous substances produced in association therewith, from the following described land situated in Tarrant County,Texas,to-wit: SEE EXHIBIT"A"ATTACHED HERETO AND MADE A PART HEREOF Subject to the other provisions therein contained, said lease provides for a primary term of two (2) years, from the date thereof, and as long thereafter as oil or gas or other substances covered therein are produced in paying quantities from the leased premises or from lands pooled therewith,or this lease is otherwise maintained in effect pursuant to the provisions therein. An Executed copy of said Oil and Gas Lease is in the possession of LESSEE at its address indicated above. Executed this the lq;day of ` tbrv"_,2008. LESSOR: LESSEE: CITY OF FORT WORTH DALE PROPERTY SERVICES, L.L.C., A Texas limited liability corporation By:.-Fernando Costa,Acting :Mike Taliaferr Title:,assistant City Manager Its: President ATTEST: 1 I n\ City Secretary APPROVED AS TO FORM AND LEGALITY: Assistant City At rney )121. . Date: Contra�t A thorization Late 02-14-08 P12:36 IN 1 04-1�-08 h10:49 IN ACKNOWLEDGEMENTS THE STATE OF TEXAS § �--- § COUNTY OF /,grra�T § BEFORE ME, ,77-/e 1,an,e. the undersigned notary public, on this day personally appeared Fernando eoFT2 ,known to me to be the person whose name is subscribed to the foregoing instrument and, that (s)he has executed the same for the purposes and consideration therein expressed. GIVEN under my hand and seal of office this N _day of 2008. E HEITIE LANEMVC.�,M'A!SSIpNEXPIRES�uw2s,2o11 Notary Public,State of Texas My Commission Expires: 0,7-A6-;W/ Commission Number: eW(o g359/- STATE OF TEXAS § COUNTY OF TARRANT § This instrument was acknowledged before me this I/2f'r` of l.� ,2008, by Mike Taliaferro,as President of Dale Property Services,L.L.C.on be of said corporation. otary ublic,State of Texas My Commission Expires: Commission Number: DADRICK D. CLAY Notary Public,State of Texas My Commission Expires °i January 30,2 1 2 EXHIBIT"A" Sylvania Avenue CFW Minerals First Tract:0.066 acres of land,more or less,being a portion of Lot 5, Sylvania Addition,an addition to the City of Fort Worth,Tarrant County,Texas,being more particularly described by that certain Deed dated December 5`h, 1958, from Mrs.J. L. Stuckert,a widow,J. Lamar Stuckert Jr.,Frances Ann Hallmark,joined by her husband,James A. Hallmark.as Grantor,to City of Fort Worth,as Grantee,recorded in Volume 3274,Page 26,Official Public Records of Tarrant County,Texas. Second Tract:0.096 acres of land,more or less,being a portion of Lot 8, Sylvania Addition,an addition to the City of Fort Worth,Tarrant County,Texas,being more particularly described by that certain Deed recorded in Volume 3252,Page 468,Official Public Records of Tarrant County,Texas. Third Tract: 0.093 acres of land,more or less,being a portion of Lot 9,Sylvania Addition,an addition to the City of Fort Worth,Tarrant County,Texas,being more particularly described by that certain Deed dated February 12"', 1959, from Tom Williams,as Grantor,to City of Fort Worth,as Grantee,recorded in Volume 3343,Page 576,Official Public Records of Tarrant County,Texas. Fourth Tract: 0.096 acres of land,more or less,being the East 60.6 Feet of Lot 6,Sylvania Addition,an addition to the City of Fort Worth,Tarrant County,Texas,being more particularly described by that certain Plat recorded in Volume 204,Page 19,Plat Records of Tarrant County, Texas. Fifth Tract: .036 acres of land,more or less,being a portion of Lot 1,Block 84,Riverside Addition,an addition to the City of Fort Worth,Tarrant County,Texas,being more particularly described by that certain Deed dated June 30`", 1958,from Terry Johnson and wife,Willie Johnson,as Grantor,to City of Fort Worth,as Grantee,recorded in Instrument Number 38748, Deed records of Tarrant County,Texas. Sixth Tract: .002 acres of land,more or less,being a portion of Lot 16,Block 1,Martindale Addition,an addition to the City of Fort Worth,Tarrant County,Texas,being more particularly described by that certain Deed dated July 26`", 1983, from Billy Brown,as Grantor,to City of Fort Worth,as Grantee,recorded in Volume 7590, Page 868,Official Public Records of Tarrant County,Texas. Seventh Tract: .0017 acres of land,more or less,being a portion of Lot 15, Block 3,Martindale Addition,an addition to the City of Fort Worth,Tarrant County,Texas,being more particularly described by that certain Deed dated July 25`h, 1983,from Herbert Eugene Bolden,as Grantor,to City of Fort Worth,as Grantee,recorded in Volume 7590, Page 865,Official Public Records of Tarrant County,Texas. Eighth Tract: .0017 acres of land,more or less,being a portion of Lot 15,Block 2,Martindale Addition,an addition to the City of Fort Worth,Tarrant County,Texas,being more particularly described by that certain Deed dated July 25`h, 1983, from Lorella Berry and Sybil G. Munchus, as Grantor,to City of Fort Worth,as Grantee,recorded in Volume 7590,Page 846,Official Public Records of Tarrant County,Texas. Ninth Tract:.0007 acres of land,more or less,being a portion of Lot 16-1/2,Block L,Van Horn Subdivision,a subdivision to the City of Fort Worth,Tarrant County,Texas,being more particularly described by that certain Deed dated August 1", 1983, from William Hubbard and wife, Rosa Hubbard,as Grantor,to City of Fort Worth,as Grantee,recorded in Volume 7590, Page 859,Official Public Records of Tarrant County,Texas. c.27, ,1� I ..�V�h'•"J 3 r�, Tenth Tract: .0011 acres of land,more or less,being a portion of Lot 15-112,Block L,Van Hom Subdivision,a subdivision to the City of Fort Worth,Tarrant County,Texas,being more particularly described by that certain Deed dated August 1", 1983, from M.T.Taylor,as Grantor,to City of Fort Worth,as Grantee,recorded in Volume 7590,Page 862,Official Public Records of Tarrant County,Texas. Eleventh Tract: .0149 acres of land,more or less,being a portion of Lot 1, Block 2,Bassett Addition,an addition to the City of Fort Worth,Tarrant County,Texas,being more particularly described by that certain Deed dated December 30`h, 1957,from Minnie Watson,a widow,as Grantor,to City of Fort Worth,as Grantee,recorded in Volume 3173,Page 316,Deed Records of Tarrant County,Texas. Twelfth Tract: 0.4975 acres of land,more or less,being the West 32 feet of Lot 1 and Lot 30, Block 1, Lot 1,Block 3, Lot 16, Block 6,and Lot 30,Block 2 Martindale Addition,an addition to the City of Fort Worth,Tarrant County,Texas,being more particularly described by that certain Plat recorded in Volume 204,Page 58,Plat Records of Tarrant County,Texas. Thirteenth Tract: 0.412 acres of land,more or less,being Lots 1 and 2,Block 1,Lots 1 and the East 10 feet of Lot 2, Lot 35 and 36,Block 2,J.W.Burton Addition,an addition to the City of Fort Worth,Tarrant County,Texas,being more particularly described by the certain Plat recorded in Volume 204A,Page 275,Plat Records of Tarrant County,Texas. Fourteenth Tract: 0.161 acres of land,more or less,being the East 13 feet of Lot 1,Block 1,and Lot 6, Block 2 Bassett Addition,an addition to the City of Fort Worth,Tarrant County,Texas, being more particularly described by that certain Plat recorded in Volume 1348,Page 406,Plat Records of Tarrant County,Texas. Fifteenth Tract: .0084 acres of land,more or less,being a portion of Lot 2, Block 3,Nies and Rouse Addition,an addition to the City of Fort Worth,Tarrant County,Texas,being more particularly described by that certain Deed dated November 22,d, 1991,from the Estate of Ethel C.Allen by Bessie McGruder, Independent Executrix for the estate,as Grantor,to City of Fort Worth,as Grantee,recorded in Volume 10489,Page 327,Official Public Records of Tarrant County,Texas. Sixteenth Tract: .0078 acres of land,more or less,being a portion of Lot 1,Block 3,Nies and Rouse Addition,an addition to the City of Fort Worth,Tarrant County,Texas,being more particularly described by that certain Deed dated December 24`h, 1991,from Virginia L. Moore, as Grantor,to City of Fort Worth,as Grantee,recorded in Volume 10503,Page 1674,Official Public Records of Tarrant County,Texas. Seventeenth Tract: .0065 acres of land,more or less,being a portion of Lot 5,Block 2,Nies and Rouse Addition,an addition to the City of Fort Worth,Tarrant County,Texas,being more particularly described by that certain Deed dated July 3151, 1991,from Manuel B. Mays and Bertha Mae Mays,husband and wife,as Grantor,to City of Fort Worth,as Grantee,recorded in Volume 10367,Page 1916,Official Public Records of Tarrant County,Texas. Eighteenth Tract: .0058 acres of land,more or less,being a portion of Lot 4,Block 2,Nies and Rouse Addition,an addition to the City of Fort Worth,Tarrant County,Texas,being more particularly described by that certain Deed dated August 13`h, 1991, from Willie Biggs,a widow, as Grantor,to City of Fort Worth,as Grantee,recorded in Volume 10367,Page 1909,Official Public Records of Tarrant County,Texas. Nineteenth Tract: .0051 acres of land,more or less,being a portion of Lot 3,Block 2,Nies and Round Addition,an addition to the City of Fort Worth,Tarrant County,Texas,being more particularly described by that certain Deed dated November 19`h, 1991,from William Bryant,Jr., as Grantor,to City of Fort Worth,as Grantee,recorded in Volume 10489,Page 454,Official Public Records of Tarrant County,Texas. 3]i � ' F�c=•c cgs�j�l 4 Twentieth Tract: .0045 acres of land,more or less,being a portion of Lot 2, Block 2,Nies and Rouse Addition,an addition to the City of Fort Worth,Tarrant County,Texas,being more particularly described by that certain Deed dated November 2151, 1991, from Berthena Bryant,as Grantor,to City of Fort Worth,as Grantee,recorded in Volume 10489,Page 176,Official Public Records of Tarrant County,Texas. Twenty-First Tract: .0038 acres of land,more or less,being a portion of Lot 1, Block 2,Nies and Rouse Addition,an addition to the City of Fort Worth,Tarrant County,Texas,being more particularly described by that certain Deed dated November 22"d, 1991,from Ras J.Coles and Estell Coles,husband and wife,as Grantor,to City of Fort Worth,as Grantee,recorded in Volume 104891.Page 293,Official Public Records of Tarrant County,Texas. Twenty-Second Tract: .0056 acres of land,more or less,being a portion of Lots 3,4 and 5, Block 1,Nies and Rouse Addition,an addition to the City of Fort Worth,Tarrant County,Texas,being more particularly described by that certain Deed dated December 19`h, 1991, from Jimmy Dale Wright and Mary E. Wright,husband and wife,as Grantor,to City of Fort Worth,as Grantee, recorded in Volume 10522,Page 1663,Official Public Records of Tarrant County,Texas. Twenty-Third Tract: .0001 acres of land,more or less,being a portion of Lots 1 and 2, Block 1, Nies and Rouse Addition,an addition to the City of Fort Worth,Tarrant County,Texas,being more particularly described by that certain Deed dated January 27`h, 1992,from Nora McMillian Roy Miller and Marguerite Miller,as Grantors,to City of Fort Worth,as Grantee,recorded in Volume 10536,Page 1728,Official Public Records of Tarrant County,Texas. Twenty-Forth Tract: .0139 acres of land,more or less,being a portion of Lot 3 and the West one- half of Lot 4,Block 3,Nies and Rouse Addition,an addition to the City of Fort Worth,Tarrant County,Texas,being more particularly described by that certain Deed dated November 19`h, 1991,from Herman Bruce Burke,as Grantor,to City of Fort Worth,as Grantee,recorded in Volume 10489,Page 138,Official Public Records of Tarrant County,Texas. Twenty-Fifth Tract: .0154 acres of land,more or less,being a portion of Lot 5 and the East one- half of Lot 4,Block 3,Nies and Rouse Addition,an addition to the City of Fort Worth,Tarrant County,Texas,being more particularly described by that certain Deed from Rosie M. Bowers, David A. Burroughs,Florence D. Burroughs, Lawrence D. Burroughs,Paul Oscar Burroughs, Nannie C. Evans,Gary Bernard Montgomery,Phyllis Dianne Montgomery,Robert Timothy Montgomery, Stephen Renard Montgomery,Josephine E.Norman,and Mable L.Williams,the heirs of Walter J. Burroughs and Mable B. Burroughs,as Grantors,to City of Fort Worth,as Grantee,recorded in Volume 10566,Page 2369,Official Public Records of Tarrant County, Texas. Twenty-Sixth Tract: .0105 acres of land,more or less,being described by Tarrant Appraisal District as Lot B2,Block 4,Nies and Rouse Addition,an addition to the City of Fort Worth, Tarrant County,Texas,being more particularly described by that certain Deed dated November 215` 1991,from Clemmie Calton and Gladis Calton,husband and wife,as Grantor,to City of Fort Worth,as Grantee,recorded in Volume 10489,Page 233,Official Public Records of Tarrant County,Texas. Twenty-Seventh Tract: .0249 acres of land,more or less,being described by Tarrant Appraisal District as Lot C2,Block 4,Nies and Rouse Addition,an addition to the City of Fort Worth, Tarrant County,Texas,being more particularly described by that certain Deed dated November 30`h, 1991, from B. E. Gifford and Leon Hatfield,as Grantor,to City of Fort Worth,as Grantee, recorded in Volume 10503,Page 1636,Official Public Records of Tarrant County,Texas. fRy 5 City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 1/18/2007 DATE: Thursday, January 18, 2007 LOG NAME: 30CITY LEASES REFERENCE NO.: G-15588 SUBJECT: Authorize the Provision for Administrative Approval of Leases for Natural Gas Drilling under City- Owned Properties of Two Acres or Less in Size RECOMMENDATION: It is recommended that the City Council authorize the City Manager to approve and execute leases for natural gas drilling under City-owned properties that are two acres or less in size. DISCUSSION: On May 17, 2005, (M&C G-14798) Fort Worth City Council authorized City staff to advertise a request for proposals from private companies to drill for natural gas under 3,651 estimated mineral acres of City-owned properties. Most of these properties range from 3 to 800 acres or more in size. From time to time, the City is asked to lease isolated City-owned properties in various locations that are two acres or less. City staff is recommending that gas leases for these properties be administratively approved for natural gas drilling leases after evaluation of the gas company's drilling plan, reputation, financial status, project team, and compliance history by engineering staff and the City's mineral asset management consultant, JPMorgan Chase. Staff will report the negotiated lease bonuses and royalty to the City Council through the regular monthly gas lease report. The leases would be executed through an internal administrative process involving the Engineering Department, the City Attorney's Office and the City Manager's Office. Requirements and guidelines to be followed in determining eligibility for inclusion in the Adminstrative Gas Lease Process are as follows: • City-owned property two acres or less that is not a City park • No surface use of any kind • No identified adverse impact to the surrounding neighborhood • Compliance with the City's gas drilling ordinance • Minimum bonus to be determined by current market rate • Minimum royalty of 25 percent • The distrubution of lease bonus and royalties will be in accordance with the revenue distribution policy approved by the City Council • No MWBE goal will be required due to the size of the parcels In accordance with the Alternative Assets Agency Account Agreement between JPMorgan Chase and the City (City Secretary Contract 29698), JPMorgan Chase will serve as the depository of the lease bonus and royalty revenue until the City requests wire transfer of the funds. Logname: 30CITY LEASES Page 1 of 2 FISCAL INFORMATION/CERTIFICATION: The Finance Director certifies that this action will have no material effect on City funds. TO Fund/Account/Centers FROM Fund/Account/Centers Submitted for City Manager's Office by: Marc A. Ott (8476) Originating Department Head: A. Douglas Rademaker (6157) Additional Information Contact: Jean Petr (8367) Logname: 30CITY LEASES Page 2 of 2