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Home My WebLink AboutContract 42426 CITY SECRETARY CONTRACT No. &Ian 4 MEMORANDUM OF OIL AND GAS LEASE STATE OF TEXAS § § KNOW ALL MEN BY THESE PRESENTS: COUNTY OF TARRANT § BE IT REMEMBERED that on the#day of , 2011, a Paid Up Oil and Gas Lease was made and entered into by and between CITY OF FORT WORTH,a home rule municipal corporation of the State of Texas, 000 Throckmorton Street, Fort Worth, Texas 76102, hereinafter called"(LESSOR)'; and CHESAPEAKE EXPLORATION, LLC,P.O.Box 18496,Oklahoma City,Oklahoma 73154,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. �1 Executed this the�I day of Aqtat ,2011. LESSOR: LESSEE: CITY OF FORT WORTH CHESAPEAKE E ORATION,LLC an Oklahoma ' ted liability company 4L, By:Fernando Costa By:David G. n Title:Assistant City Manager p®(f&o°nooA � s: Land M ger � o° °°° d ATTEST: pf�� yo A 0, , �Sd d o " A�(� ° *,Z" City Secretary °00Ay 0000000° ZI aaa��nne4�a APPROVED AS TO FORM AND LEGALITY: By: `�J GL Assistant ppCity Attorney Date: Contract Authorization OFFICIALRECORD Date CITY SECRETARY FT.WORTH,TX 1 10-10-11 PO4:43 IN 08-08-11 A10:47 IN ACKNOWLEDGEMENTS THE STATE OF TEXAS § COUNTY OF TARRANT § BEFORE ME,the undersigned,a Notary Public,on this day personally appeared Fernando Costa, Assistant City Manager of the City of Fort Worth, a home-rule municipal corporation of the State of Texas,known to me to be the person whose name is subscribed to the foregoing instrument and,that he has executed the same for the purposes and consideration therein expressed. + GIVEN UNDER MY HAND AND SEAL OF OFFICE this 7//x` day of LGa 2011. fsy_'� - i4naz Notary Public in and for the E State of Texas DONIA DANIELS (�,pNIoSSIONEXPIRES MY 10,2013 My Commissi'q Expires: Print Name of Notary Public Here THE STATE OF OKLAHOMA § COUNTY OF OkIL�f I-A, § BEFORE ME, the undersigned, a Notary Public, on this day personally appeared David Brannen, Land Manager, on behalf of Chesapeake Exploration, L.L.C., an Oklahoma Limited Liability Company,known to me to be the person whose name is subscribed to the foregoing instrument and,that he has executed the same for the purposes and consideration therein expressed. GIVEN UNDER MY HAND AND SEAL OF OFFICE this ll4"day of u L y_4{ 12011. [SEAL] Lbw l�. Notary Public in and for the State of My Commission Expires: Print Name of Notary Public Here OFFICIAL RECORD CITY SECRETARY FT.WORTH,TX 2 Exhibit"A" Being a 3.540 acre tract of land situated in the Edward Taylor Survey, Abstract No. 1561, Tarrant County,Texas;said tract being all of Lot 2,Block 4,Bridgewood Village,an Addition to the City of Ft. Worth, as recorded in Volume 388-182,Page 36,Deed Records,Tarrant County, Texas;said 3.540 acre tract being more particularly described as follows: BEGINNING,at a''Y2-inch iron rod found at the most southeasterly common corner of said Lot 2 and Lot 3, Block 4, of said Bridgewood Village; said point being in the north line of Interstate Highway No. 30 (a variable right-of-way); said point also being South 79 degrees, 29 minutes, 19 seconds West, a distance of 205.00 feet from the intersection of the west line of Bridgewood Drive and said north line of interstate Highway No.30; THENCE,with said north line of said Interstate Highway No.30 and the south line of said Lot 2, Block 4,the following three courses and distances; South 79 degrees,29 minutes, 19 seconds West,a distance of 114.12 feet to a%2-inch iron rod found for corner; South 79 degrees,32 minutes,00 seconds West,a distance of 155.50 feet to a%2-inch iron rod found for corner; South 45 degrees,00 minutes,00 seconds West,a distance of 127.86 feet to a%2-inch iron rod with"RLG" cap found for corner; said point being the most southeasterly common corner of said Lot 2,and Lot 1,Block 4,of said Bridgewood Village; THENCE North 45 degrees,03 minutes,34 seconds West,departing said north line of Interstate Highway No. 30, and with the common line of said Lot 1 and said Lot 2, a distance of 378.91 feet to a '/z-inch iron rod with "Pacheco Koch" cap found for corner at the common northwest corner of said Lot 1, and said Lot 2; said point being in the southeast line of Bridge Street (a variable right-of-way); THENCE North 40 degrees, 38 minutes, 00 seconds East, with said southeast line of Bridge Street and northwest line of said Lot 2, a distance of 350.85 feet to a 'h -inch iron rod with "Pacheco Koch"cap found for corner;said point being the northwesterly common corner of said Lot 2,and said Lot 3; THENCE South 45 degrees, 03 minutes, 34 seconds East,with said common line of Lot 2,and Lot 3,a distance of 558.39 feet to the POINT OF BEGINNING containing 154,203 square feet,or 3.540 acres of land more or less. ENVIRONMENTAL COLLECTION CENTER 3 (RUTHERFORD UNIT) 3 M&C Review Page 1 of 2 Official site of the City of Fort Worth,Texas CITY COUNCIL AGENDA FORT WORTH COUNCIL ACTION: Approved As Amended on 11/17/2009 -Amendment is Highlighted in Yellow DATE: 11/17/2009 REFERENCE NO.: L-14889 LOG NAME: 06ADMIN LEASES CODE: L TYPE: NON-CONSENT PUBLIC NO HEARING: SUBJECT: Authorize Administrative Approval and Execution of Leases for Natural Gas Drilling Under City-Owned Properties of Five 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 five acres or less in size. DISCUSSION: On January 18, 2007, (M&C G-15588) Fort Worth City Council authorized the City Manager to approve and execute leases for natural gas drilling under City-owned non-park properties that are two acres or less in size. From time to time, the City is asked to lease isolated City-owned properties in various locations that are five 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 staff and the City's mineral asset management consultant, Midkiff Oil and Gas. The leases would be executed through an internal administrative process involving the Planning and Development Department, the City Attorney's Office and the City Manager's Office. The purpose of this change is to allow staff to negotiate and expedite processing of small leases in order to ensure that the City is not excluded from units due to the time necessary for City Council review. Requirements and guidelines to be followed in determining eligibility for inclusion in the Administrative Gas Lease Process are as follows: City-owned property five acres or less; 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 distribution of lease bonus and royalties will be in accordance with the revenue distribution policy approved by the City Council; and No M/WBE goal will be required due to the size of the parcels. The lease will be presented to City Council for consideration prior to execution for any City owned dediested p properties under five acres if opposition to conversion is expressed by citizens in the affected neighborhood or a Council Member requests such consideration. FISCAL INFORMATION/CERTIFICATION: http://apps.cfwnet.org/council_packet/mc—review.asp?ID=I 2668&councildate=I 1/17/2009 10/10/2011 M&C Review Page 2 of 2 The Financial Management Services 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: Fernando Costa (6122) Originating_Department Head: Susan Alanis (8180) Additional Information Contact: Jean Petr(8367) ATTACHMENTS http://apps.cfwnet.org/council_packet/mc—review.asp?ID=I 2668&councildate=11/17/2009 10/10/2011