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Home My WebLink AboutContract 30284 CITY SECRETARY . CONTRACT NO. FIRST AMENDMENT TO LEASE AGREEMENT THE STATE OF TEXAS § COUNTY OF TARRANT § WHEREAS, the City of Fort Worth ("Lessor"), acting by and through its duly authorized Assistant City Manager and R_ s Dean made and entered into a 50 year Lease Agreement("Lease") on pebrizary 17 1982 for Property described as mot 8, Elk 22a Lake Worth Lease Survey, AKA ; and 9816 Watercress WHEREAS, Lessor has platted or replatted the Leased Land since 1990 to correctly identify and describe the Leased Land; and WHEREAS, it is necessary to amend the Lease to correctly identify the Leased Land and include the legal description as shown on the plat or replat recorded by Lessor since 1990. NOW THEREFORE, Lessor and Lessee, acting herein by and through their duly authorized representatives, for and in consideration of the rent paid, the covenants and agreements to be performed, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, enter into the following agreement, which amends Section I the Lease as follows: Section I of the Lease is amended to provide that the Leased Land is comprised of Loth_,Block 22 , Lake Worth Leases an * ,as shown on the plat recorded in Cabinet ,A , Slide 9273-** , Plat Records, Tarrant County, Texas and as shown on the plat or replat attached to this First Amendment to Lease as Exhibit"A". ** 9277 * addition to the City of Fort Worth, Tarrant County, Texas Except as amended by this First Amendment, all of the terms and conditions of the Lease are ratified and remain in full force and effect. EXECUTED as of the day of , 200. �lit �y LESSOR LESSEE r� CITY OF FORT WORTH R.S. Dean Marc A. Ott,Assistant City Manager ATTEST: APPRO AS FORM AND LEGALITY: City ecretary Assistan ity Attorney Contract Authorization CC i - Amendment w/Original Lessee -- - ` 47 :.i Date �a� STATE OF TEXAS § COUNTY OF TARRANT § This instrument was acknowled ed ^ before me this the a day of 2004, by�,,, sistnt City Manager for the City of Fort Worth, a muni ipal corporation, on behalf of said corporation. HETTIE LANE MY COMMISSION EXPIRES. Notary Public, State of Texas A*' July 26,2007 STATE OF TEXAS § COUNTY OF TARRANT § This instrument was acknowledged before me this the day of 2004, by R. S. Dean 20� 111COL� R. POLS1'ON J 1�� O * * Notary Public y, STATE OF TEXAS Notary Public, State of Texas Vly Comm.Exp.11/20/2007 STATE OF TEXAS § COUNTY OF TARRANT § This instrument was acknowledged before me this the day of 2004, by Notary Public, State of Texas Amendment w/Original Lessee �? " • EXIIIBIT "A" PLAT OF REVISED LEASED LAND Lot g Block 22 , Lake Worth Leases an * #octhe City of Fort Worth, Tarrant County, Texas as shown on plat filed at Cabinet A , Slide 9273-**Plat Records, Tarrant County,Texas * addition ** 9277 Attached TJ Amendment w/Original Lessee 9 9OZ00 PLO 101891106'1 19,04' 1 26.09' N 9d'35'SS/E Unplatted It ?W : SA'.) NER ' crrrJ WORTS 380 N 4S•20'S{'E 1n6' 2402' nt County, Tezas Unplatted 1193 x'34' it 369a i I i '1 10 N 38°03'54'E 17137' N��riA' II i 3/4'IRF I I I ; f•Irsl 47'E �' 1 4 I _ N ________� r.__ _ _________N47 ------ I I /1.2rA9' Wi l I 24.78' 2A0'DRA1W16E I I 11 x -01 i� C-------- _ -- I --,/ i 1 I 1111 111 EASEMENT�y j IIINII L5& Im CTYP.) �{ J o i I 3/4'IRF II i 1 I�,i iR 4 - Vy. 16 i 44,296 S.F.— 'InII ((//�)�(�'�_�I�If��o (//� 0 L�`/\J 0�l L�—� 3 S.F. i 11A97 SF.a II 25231 SF.+- i li m i Iw l � IA i IN NII Ilv II I j 11 II c to 17 i i i i m li i ut it 111 It \ 1\ i;"Sc \ 71384 S.F.t- i i ,I I�^ I i m 11 II It t r 11 It `t N I im 20, 2 SF.+- W i 1 1 i i 11 11 11 , 11 20'X20 1t\ t\ 1w JI1.E. it ►t t 1 tl tt_r_-CIW TYP J U£ �l S �N 1 I I I I I I II�°• I I ________i.i,^"___ _r Pl�-X-- —_ 71 �N 1 S 59'25'50'E C9 d t1 .30.06• `t t _____________ -- -' La 9.76' ` ` -- _ --J 'U DR• __- ---�-- --- ` tl X123.E g68A1' CRE55 _ -- - ------------L ----------- --- N yyATER _ L N 33,40'23'E — C3 a' S 33'4M23'W --------a-------e— — S-,XT 'ar W L'INAL PL Unplatted Lots 1D & 11 T.,fc — IQ 1ti- 1n P. .. , . City of Fort Worth, .Texas �nUor -And Council Communication DATE REFERENCE NUMBER LOG NAME PAGE 2/19/02 1-13249 300PTION 1 of 2 SUBJECT APPROVAL OF OPTION TO PURCHASE AND PURCHASE AGREEMENT CONTRACT TO FACILITATE THE DIRECT SALE OF LAKE WORTH LEASE PROPERTY RECOMMENDATION: It is recommended that the City Counci`authonze the City Manager to approve the Option to Purchase . and Purchase Agreement contract, with--the Lessees of the Lake Worth lease properties listed.on ' Exhibit "A" to facilitate the direct sale of eligible Lake Worth lease properties. (See attached contract and Exhibit "A") DISCUSSION: . On July 15, 2001, House Bill No. 1490 was signed into law and went into effect. This amendment to the Texas Local Government Code, Section 272.001(h), allows a municipality having a population of . 575,000 or less and owning land within 5,000 feet of the shoreline of a lake, without notice or the solicitation of bids, to sell the land to the persons leasing the land for the fair market value of the land. In December 2001, City staff prepared an Informal Report to the City Council (Informal Report No. 8376 attached as Exhibit "B") which provided an update on the status of the sale of lease lots, and also recommended a four-year Lease Lot Sales Plan and a Water/Sewer Infrastructure Improvement Plan around Lake Worth. This sales plan includes 268 residential properties with an estimated market value of$4.7 million. In order to facilitate the direct sale of the residential Lake Worth lease properties, it is recommended . that a sales option contract.be executed with the Lessees for the properties eligible for sale. The sales option will allow the existing lessees to purchase their leased properties at.today's fair market value adjusted annually upward.by 2% per year until sold by the City in accordance with the recommended timeline outlined in Informal Report No. 8376. The properties eligible for this contract are listed on the attached Exhibit "A". The option fee provided im the contract is $500. ' Due to the proximity of the Joint Reserve Base/Naval Air Station,. an avigation easement will be reserved on behalf of the public and incorporated into the'Special Warranty Deed used to convey these properties. -Proceeds from the sale of these City-owned Lake Worth lease properties will be deposited in 'a Lake Worth Infrastructure Fund Account in accordance with M&C G-12916 dated May 16, 2000. The proceeds are escrowed and designated for water and wastewater improvements .within the area of the City of Fort Worth surrounding and adjoining Lake Worth. City of Fort Worth, Texas "nuor -and Council Communication DATE REFERENCE NUMBER LOG NAME PAGE 2/19/02 L-13249 30OPTION 2 of 2 SUBJECT APPROVAL OF OPTION TO PURCHASE AND PURCHASE AGREEMENT CONTRACT TO FACILITATE THE DIRECT SALE OF LAKEWORTH LEASE PROPERTY FISCAL INFORMATION/CERTIFICATION: -The Finance Director certifies that the Engineering Department, Real Property Services Division is responsible for the collection and deposlt'djunds from this sale. MG:n Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY Office by: (to) PE45 444192 0601000 Mike Groomer 6140 Originating Department Head: Douglas Rademaker .6157 (from) APPROVED 02/19/02 Additional Information Contact: Douglas Rademaker 6157 .