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Home My WebLink AboutContract 43908 CITY SECRETARY CONTRACT NO.Y.Q1. 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 of2012, a Paid Up Oil and Gas Lease was made and entered into by and between the CITY OF FORT WORTH, a home rule municipal corporation of the State of Texas, 1000 Throckmorton Street, Fort Worth, Texas 76102, hereinafter called "(LESSOR)"; and XTO Energy Inc., 810 Houston Street, Fort Worth, Texas 76102, 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 Ay ofAkw&Ax. 2012. -0bu� LESSOR: °o 000°�� 0 CITY OF FORT WORTH ATTEST: Rio 040 OL o0° °° °O00000° pp By: Fernando Costa ity Secretary Title: Assistant City Manager APPROVED AS TO FORM AND LEGALITY: By: I(, 4�m—� Assistant City orney RECORDED ELECTRONICALLY 1 \/VG ID: D212280550 contract Authorization County: TARRANT I ) I 1� � � Date: Nov. 14, 2012 Time: 09:29 AM Date 11-26-12 A11 :55 IN 11-06-12 PO4:34 IN ACKNOWLEDGEMENT 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 thi��day of 2012. [SE - j,4�a Notary Public in and for the State of Texas , �wr My Commission Expires: "f�.jl�` My��SSo�E(S 7—/b L3 Print Name of Notary Public Here 13 P�REs LESSEE: XTO ENERGY INC. By: Its: Edwin S. Ryan,jr. Sr. Vice President- Land Administration ACKNOWLEDGEMENT THE STATE OF TEXAS § COUNTY OF TARRANT § EFOREthe and rsigned, a Notary Public, on this day personally appeared on behalf of XTO Energy, Inc., 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 day of /� , 2012. [SEAf�bL�_ otary Public in and for theOVAAF.MMLKES State of �A.,, n*jpWk&AvdTem 7a wemeMMw2W My Commission Expires: : _ "� �� Print Name of Notary Public Here EXHIBIT A 1.334 acres, more or less, being situated in the Lydia J. Warwick Survey, A-1663, Tarrant County, Texas and being Lots 1 through 7 inclusive, Block 12, South Hemphill Heights Addition, according to the Plat recorded at Volume 106, Page 32 of the Plat Records of Tarranf County, Texas, and being more particularly described in that certain Tax Resale Deed without Warranty dated June 22, 2007, from the City of Fort Worth, a municipal corporation of Tarrant County, Texas, acting for the use and benefit of itself and the State of Texas, County of Tarrant, Tarrant County Water Control & Improvement District No. 1 and Fort Worth Independent School District, to the City of Fort Worth, as recorded at Document No. D207319682, Official Public Records,Tarrant County, Texas. (2801 College Avenue) (Page Street B Unit) M&C Review Page 1 of 2 Official site of the City of Fnrt Worth,Texas CITY COUNCIL AGENDA FoRTo�il 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 Managers 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-per4t properties under five acres if opposition to conversion is expressed by citizens in the affected neighborhood or a Council Member requests such consideration. http://apps.cfwnet.org/council_packet/mc review.asp?ID=12668&councildate=11/17/2009 02/01/2012 M&C Review Page 2 of 2 FISCAL INFORMATION/CERTIFICATION: 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=12668&councildate=11/17/2009 02/01/2012 i r i IIIIIIII�. 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