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HomeMy WebLinkAboutContract 56387 Date Received: 09/30/2021 City Secretary Time Received: 10:03 AM Number: 56387 PUBLIC PROPERTY RIGHT-OF-WAY ENCROACHMENT LICENSE AGREEMENT TIER 77 THIS AGREEMENT is made and entered into by and between THE CITY OF FORT WORTH, a home rule municipal corporation of Tarrant County, Texas ("City"), acting by and through its duly authorized City Manager, Assistant City Manager, or Director of the Development Services Department, and GPIF CD HOTEL LLC, a Delaware limited liability company("Licensee"), acting by and through its duly authorized officer. RECITALS WHEREAS, Licensee is the owner of the real property located at West 7`h Street and Van Cliburn Way, Fort Worth, Texas 76107 ("Property"), being more particularly described in the attached Exhibit "A" which is incorporated herein for all purposes; and WHEREAS, the City owns a street (the "Public Property") adjacent to the Property as shown in the attached Exhibit "B," which is incorporated herein for all purposes; and WHEREAS, Licensee desires to construct, place, and maintain certain improvements which will encroach in, on, above, or below the Public Property; and WHEREAS, to accommodate the needs of the Licensee, the City will allow the encroachment under the terms and conditions as set forth in this Agreement. NOW, THEREFORE, the City and Licensee agree as follows: AGREEMENT 1. The City, in consideration of the payment by Licensee of the fee set out below and covenants and agreements hereinafter contained to be kept and performed by Licensee, hereby grants permission to Licensee to encroach in, on, above, or below and occupy a portion of the City's Public Property as described in and at the location shown on Exhibit "C," but only to the extent shown thereon, for the purpose of constructing, installing, and maintaining a 12",21" and 24" storm drain (the"Encroachment"). Upon completion of the Encroachment, Licensee agrees to be responsible for maintaining the Encroachment within the Public Property. Licensee shall not expand or otherwise cause the Tier II ROW Encroachment Agreement OFFICIAL RECORD CITY SECRETARY PN21-00066,PN21-00067 FT. WORTH, TX Encroachment to further infringe in or on the Public Property beyond what is specifically described in Exhibit "C." 2. All construction, installation, maintenance, and operation of the Encroachment and the use or occupancy of the Public Property shall comply with and be performed in strict compliance with this Agreement and with the charter, ordinances, codes, and policies of the City. Prior to the construction or installation of the Encroachment, Licensee shall submit all plans and specifications to the Director of the Development Services Department or duly authorized representative. Licensee shall not commence construction or installation of the Encroachment nor make any use of the Public Property until after the execution of this Agreement. 3. Licensee, at no expense to the City, shall make proper provisions for the relocation and installation of any existing or future utilities affected by such Encroachment and the use and occupancy of the Public Property, including the securing the approval and consent of the appropriate utility companies and agencies of the State of Texas and its political subdivisions. In the event that any installation, reinstallation, relocation, or repair of any existing or future utility or improvements owned by or constructed by or on behalf of the public or at public expense is made more costly by virtue of the construction, maintenance, or existence of the Encroachment and use of Public Property, Licensee shall pay to City an additional amount equal to such additional cost as determined by the Director of Transportation and Public Works, the Director of the Water Department, the Director of the Development Services Department, or their duly authorized representative. 4. Licensee agrees that City may enter and utilize the Public Property at any time for any public purpose,including installing,repairing,replacing,or maintaining improvements to its public facilities or utilities necessary for the health, safety, and welfare of the public. The City shall have no responsibility or liability for any damages related to the Encroachment resulting from the City's use of the Public Property; however,the City shall make reasonable efforts to minimize such damage. 5. Upon termination of this Agreement, Licensee shall, at the option of and at no expense to the City, remove the Encroachment and restore the Public Property to a condition acceptable to the Director of Transportation and Public Works, the Director of the Water Department,the Director of the Development Services Department or their duly authorized representative. Any such removal of the Encroachment shall be in accordance with then-existing City regulations and policies. It is understood and agreed to by Licensee that if this Agreement terminates and Licensee fails to remove the Encroachment and restore the Public Property, Licensee hereby gives City permission to remove the Tier II ROW Encroachment Agreement Page 2 of 16 PN21-00066,PN21-00067 Revised 11/2020 Encroachment and any supporting structures from the Public Property, to restore the Public Property, and to assess a lien on the Property for the costs expended by the City in taking such actions. 6. In order to defray all costs of inspection and supervision which the City has incurred or will incur as a result of the construction, maintenance, inspection or management of the Encroachment and use of Public Property as provided for by this Agreement, Licensee agrees to pay to City at the time this Agreement is requested an application fee in the sum of Five Hundred Dollars ($500.00). Additionally, Licensee agrees to pay a fee in the amount of $1.44 per square/linear foot of the encroachment area upon execution of this Agreement and annually thereafter, which amount equals $67.68 based on 47 linear feet. 7. The terin of this Agreement shall be for sixty (60) years, commencing on the date this Agreement is executed by City. However, the City may terminate this Agreement upon Licensee's noncompliance with any of the terms of this Agreement. City shall notify Licensee in writing of any such noncompliance and if Licensee does not cure the noncompliance within thirty (30) days of notice from City, the City may terminate this Agreement. However, the City may, at its sole option, allow the Agreement to remain in effect so long as Licensee has taken reasonable measures to cure the noncompliance or is continuing to diligently attempt to remedy the noncompliance. 8. It is further understood and agreed between the parties hereto that the Public Property to be used and encroached upon is held by City as trustee for the public; that City exercises such powers over the Public Property as have been delegated to it by the Constitution of the State of Texas or by the Texas Legislature;and that City cannot contract away its duty and its legislative power to control the Public Property for the use and benefit of the public. It is accordingly agreed that if the governing body of City may at any time during the term hereof determine in its sole discretion to use or cause or permit the Public Property to be used for any other public purpose, including but not being limited to underground, surface, or overhead communication, drainage, sanitary sewerage, transmission of natural gas or electricity, or any other public purpose, whether presently contemplated or not, that the parties agree to negotiate in good faith in order to accommodate both the Encroachment and the public purpose. 9. LICENSEE COVENANTS AND AGREES TO INDEMNIFY,AND DOES HEREBY INDEMNIFY, HOLD HARMLESS, AND DEFEND CITY, ITS OFFICERS, AGENTS, SERVANTS, EMPLOYEES, AND ELECTED OFFICIALS FROM AND AGAINST ANY AND ALL CLAIMS OR SUITS FOR PROPERTY DAMAGE OR Tier II ROW Encroachment Agreement Page 3 of 16 PN21-00066,PN21-00067 Revised 11/2020 LOSS AND/OR PERSONAL INJURY, INCLUDING DEATH, TO ANY AND ALL PERSONS, OF WHATSOEVER HIND OR CHARACTER, WHETHER REAL OR ASSERTED, ARISING OUT OF OR IN CONNECTION WITH, DIRECTLY OR INDIRECTLY, THE CONSTRUCTION, MAINTENANCE, OCCUPANCY, USE, EXISTENCE, OR LOCATION OF THE ENCROACHMENT AND USES GRANTED HEREUNDER, WHETHER OR NOT CAUSED, IN WHOLE OR IN PART, BY THE ALLEGED NEGLIGENCE OF OFFICERS, AGENTS, SERVANTS, EMPLOYEES, CONTRACTORS, SUBCONTRACTORS, LICENSEES, ELECTED OFFICIALS, OR INVITEES OF THE CITY; AND LICENSEE HEREBY ASSUMES ALL LIABILITY AND RESPONSIBILITY FOR SUCH CLAIMS OR SUITS. LICENSEE SHALL LIKEWISE ASSUME ALL LIABILITY AND RESPONSIBILITY AND SHALL INDEMNIFY CITY FOR ANY AND ALL INJURY OR DAMAGE TO CITY PROPERTY ARISING OUT OF OR IN CONNECTION WITH THE ENCROACHMENTS AND ANY AND ALL ACTS OR OMISSIONS OF LICENSEE, ITS OFFICERS, AGENTS, SERVANTS, EMPLOYEES, CONTRACTORS, SUBCONTRACTORS, LICENSEES, OR INVITEES. 10. While this Agreement is in effect, Licensee agrees to furnish City with a Certificate of Insurance naming City as certificate holder as proof that is has secured and paid for a policy of public liability insurance covering all public risks related to the proposed use and occupancy of public property as located and described in Exhibit "C." The amounts of such insurance shall be not less than S1,000,000 with the understanding and agreement by Licensee that such insurance amounts may be revised upward at City's option and that Licensee shall so revise such amounts immediately following written notice to Licensee of such requirement. A copy of such Certificate of Insurance is attached as Exhibit "D" and incorporated herein for all purposes. Licensee agrees, binds, and obligates itself and its successors and assigns to maintain and keep in force such public liability insurance at all times during the term of this Agreement and until the removal of the Encroachment and restoration of the Public Property. All insurance coverage required herein shall include coverage of all Licensee's contractors and subcontractors. 11. Licensee agrees to deposit with the City when this Agreement is executed a sufficient sum of money to be used to pay necessary fees to record this Agreement in the real property records of the county in which the Encroachment is located. After being recorded, the original shall be returned to the City Secretary of the City of Fort Worth. Tier II ROW Encroachment Agreement Page 4 of 16 PN21-00066,PN21-00067 Revised 11/2020 12. Licensee agrees to comply fully with all applicable federal, state, and local laws, statutes, ordinances, codes, and regulations in connection with the construction, operation, and maintenance of the Encroachment and use of the Public Property. 13. Licensee agrees to pay promptly when due all fees, taxes, or rentals provided for by this Agreement or by any federal, state, or local statute, law, or regulation. 14. Licensee covenants and agrees that it shall operate hereunder as an independent contractor as to all rights and privileges granted hereunder and not as an officer, agent, servant,or employee of City,and Licensee shall have exclusive control of and the exclusive right to control the details of its operations, and all persons performing same, and shall be solely responsible for the acts and omissions of its officers, agents, servants, employees, contractors, subcontractors, licensees, and invitees. The doctrine of respondeat superior shall not apply as between City and Licensee, its officers, agents, servants, employees, contractors, and subcontractors, and nothing herein shall be construed as creating a partnership or joint enterprise between City and Licensee. 15. Licensee agrees and acknowledges that this Agreement is solely for the purpose of permitting Licensee to construct,maintain, and locate the Encroachment over or within the Public Property and is not a conveyance of any right, title, or interest in or to the Public Property, nor is it meant to convey any right to use or occupy property in which a third- party may have an interest. Licensee agrees that it will obtain all necessary permissions before occupying such property. 16. In any action brought by the City for the enforcement of the obligations of the Licensee, City shall be entitled to recover interest and reasonable attorneys' fees. 17. The parties agree that the duties and obligations contained in Section 5 shall survive the termination of this Agreement. 18. Licensee, or any successor, covenants and agrees that it will not assign all or any of its rights, privileges, or duties under this Agreement without the written approval of the Tier II ROW Encroachment Agreement Page 5 of 16 PN21-00066,PN21-00067 Revised 11/2020 City, and any attempted assignment without such written approval shall be void. Foreclosure by a secured lender of a Licensee or assignment to a secured lender by such Licensee in the event of default or otherwise shall not require City approval provided that said lender notifies City in writing within sixty(60)days of such foreclosure or assignment and assumes all of such Licensee's rights and obligations hereunder. However, no change of ownership due to foreclosure or assignment to any secured lender of a Licensee shall be effective as to City unless and until written notice of such foreclosure or assignment is provided to City. Notwithstanding the foregoing,Licensee may,without prior written consent, assign any or all of its rights, privileges or duties hereunder to an affiliate (defined as an entity under common control with Licensee) or to the purchaser of the Property ("Allowed Assignment"). In the event of an Allowed Assignment, Licensee will notify the City by providing Proper Notice as defined below of such Allowed Assignment. `'Proper Notice" under this Agreement will require that the notice by the Licensee be (1) submitted within fifteen(15) days of such assignment; (ii)_in writing; (iii) submitted via certified mail at the then current address of Licensor (currently 200 Texas Street, Fort Worth, TX 76102) and (iv) directed to "Attn: Director, Development Services, Contract Management". If Proper Notice of an Allowed Assignment occurs, the new owner shall be deemed to have accepted Licensee's rights, duties, and obligations hereunder, and this Agreement shall be deemed assigned with regard to the applicable Property and the new owner will be required to provide an updated Certificate of Insurance in accordance with the terms of this Agreement. In the event of an Allowed Assignment, Licensee shall automatically be released from any further obligation or liability under this Agreement. If Proper Notice of an Allowed Assignment is not provided as defined above, then such assignment shall be void. 19. Any cause of action for breach of this Agreement shall be brought in Tarrant County, Texas. This Agreement shall be governed by the laws of the State of Texas. 20. This Agreement shall be binding upon the parties hereto and their successors and assigns. 21. This Agreement may be executed in multiple counterparts, each of which shall be considered an original,but all of which shall constitute one instrument [SIGNATURES APPEAR ON FOLLOWING PAGE] Tier II ROW Encroachment Agreement Page 6 of 16 PN21-00066,PN21-00067 Revised 11/2020 City: Licensee: CITY OF FORT WORTH GPIF CD TEL I1 By: DJ Harrell(Sep 28,202108:28 CDT) B — •1 D.J. Harrell, Director of the Kevin Crum, Senior Vice Development Services Department President, Development Date: Sep 28,2021 Date: a FORr )G F° 000 ° D .'o ATTEST: 9v o o_0 Approved As To Form and Legality °o i�d �1� °O000000° , - a �'exP'. Ronald P. Gonzales Thomas Royce Hansen Acting City Secretary Assistant City Attorney Ordinance No. 24161-04-2020 Contract Compliance Manager: By signing I acknowledge that 1 am the person responsible for the monitoring and administration of this contract, including ensuring all performance and reporting requirements. Tennifer Qernack on behalf o-F, Jennifer Ezemack on behalf of(Sep 28,202108:22 CDT) Janie S. Morales Development Services Tier II ROW Encroachment Agreement OFFICIAL RECORD PN21-00066,PN21-00067 CITY SECRETARY FT. WORTH, TX ***THIS PAGE FOR CITY OF FORT WORTH OFFICE USE ONLY*** STATE OF TEXAS § COUNTY OF TARRANT § BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, on this day personally appeared D.J. Harrell, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same for the purposes and consideration therein expressed, as the act and deed of the City of Fort Worth, and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE this 28thday of September , 20 21 ,�pRYPGe JENNIFER L. EZERNACK Digitally signed by Jennifer L. 2 c Notary Public Jennifer L. Ezernack Ezernack * * STATE OF TEXAS Date:2021.09.28 09:06:52-05'00' 9jFOF" P Notary I.D. 130561630 Notary Public in and for the State of Texas My Comm.Exp.Mar. 1,2024 After recording return to: Development Services Department Development Coordination Office 200 Texas Street Fort Worth, Texas 76102 OFFICIAL RECORD CITY SECRETARY Tier II ROW Encroachment Agreement FT. WORTH, TX PN21-00066,PN21-00067 Revised 11/2020 STATE OF TEXAS § COUNTY OF TARRANT § BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, on this day personally appeared Kevin Crum ,Senior Vice President , known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes and consideration therein expressed, as the act and deed of GPIF CD HOTEL LLC, a Delaware limited liability company, and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE this ),7`f4) day of 2021. PENNY ESPINOSA Notary Public,State of Texas Notary Publiv in and for the a': Q= Comm. Expires 06-23-2023 State of Texas '/"°i���` Notary ID 6829284 OFFICIAL RECORD Tier 11 ROW Encroachment Agreement CITY SECRETARY PN21-00066,PN21-00067 FT. WORTH, TX EXHIBIT A Description of the Licensee's Property Tract 1: Lot 1R,Block 5,Van Zandt's Hillside Addition, an Addition to the City of Fort Worth,Tarrant County, Texas, according to the plat thereof recorded in ec4D221271821, Real Property Records, Tarrant County, Texas. Tract 2: BEING a 1.611 acre tract of land situated in the John P.Montgomery Survey, Abstract Number 1030, City of Fort Worth, Tarrant County, Texas being all of Lots 4 through 7 and a portion of Lot 8, Block 1, Van Zandt Hillside Addition an addition to the City of Fort Worth according to the plat recorded in Volume 204, Page 4, Plat Records of Tarrant County, Texas and being a portion of that tract of land described as Tract 1 in the instrument to Museum Place Block B, Ltd. recorded in Document Number D208148859, Deed Records of Tarrant County, Texas; said 1.61 1 acre tract of land being more particularly described as follows: BEGINNING at a 5/8 inch iron rod with plastic cap stamped "Dunaway Assoc LP" set for the intersection of the easterly right-of-way line of Van Cliburn Way(a 50 foot wide right-of-way)and the southerly right-of-way line of West 7th Street (a variable width right-of-way) for the northwesterly corner of said Lot 8; THENCE with the southerly right-of-way line of West 7th Street South 89' 55' 41"East a distance of 249.85 feet to a 5/8 inch iron rod with plastic cap stamped "Dunaway Assoc LP" set for the northwesterly corner of the tract of land described in the instrument to PYNX, Ltd., recorded in Document Number D20634.5295,Deed Records of Tarrant County, Texas; THENCE departing the southerly right-of-way line of West 7th Street with the westerly line of said PYNX, Ltd. tract South 00' 03' 43" East a distance of 218.00 feet to an "X" cut in concrete in the northwesterly right-of-way line of Camp Bowie Boulevard (a variable width right-of-way) for the southwesterly corner of said PYNX,Ltd.tract; THENCE with the northwesterly right-of-way line of Camp Bowie Boulevard South 63°06' 01"West a distance of 259.71 feet to a 5/8 inch iron rod with plastic cap stamped "Dunaway Assoc LP" set for the southwesterly corner of the tract of land described in the instrument to the City of Fort Worth recorded in Document Number D220 1 596 1 1,Official Public Records of Tarrant County, Texas; THENCE departing the northwesterly right-of-way line of Camp Bowie Boulevard with the northeasterly line of said City of Fort Worth tract North 67'31' 42" West a distance of 19.61 feet to a 518 inch iron rod with plastic cap stamped"Dunaway Assoc LP"set in the easterly right-of-way line of Van Cliburn Way for the northerly corner of said City of Fort Worth tract; THENCE with the easterly right-of-way line of Van Cliburn Way North 00'03'43"West a distance of 328.32 feet to the POINT OF BEGINNING; CONTAINING a computed area of 1.611 acres(70,182 square feet)of land. Tier II ROW Encroachment Agreement Page 10 of 16 PN21-00066,PN21-00067 Revised 11/2020 r\e11Y o Greenwood SHAMROCK Park o Memorial o Cemetery CULLEN Y Hebrew SHOTT 0 Cemetery TILLAR > WHITE S TTLEMEN1 onticello J4 v� a ITMORE o M NTICELLO Par wCD _ WEISENB RGER Q PROJECT LOCATION �� �� z WINGATE 14 _ A River w ILTO v� w w W Parr ERCE ES Crest o Q ��� z MERRIM C 0 ount y = w J a � 5TH Club Y _ J co O m U w 7 TH m z W7TH w '' MODLIN UNT HSC 00 w Tr ATTIS N CRO KETT z JI BUNTI G J = T J DARNEL MO TON CLA KE m 0 SOS BLE SOE �� w (Az w " o Univ = Y :r Crest < w J a North Texas C) try Club oz m Health Science= Center WA TONCA � CRESTLINE a _ v w WASH a c� o HARLE m of L FAYE TE L FA ETT '� o p Trinity Park DEX R s = / o u1BRYCEI T �� U BRY E F- I, / BYERS VICINITY MAP a NOT TO SCALE Q w WEST 7TH STREET RIGHT-OF-WAY ENCROACHMENT N CRESCENT CULTURAL DISTRICT OFFICE FORT WORTH, TEXAS MAPSCO NO TAR-076A z (SHEET 1 OF 5) Aw*z DUNAWAY Y 550 Bailey Avenue•Suite 400•Fort Worth,Texas 76107 Tel:817.335.1121 a (TX REG.F-1114) w k O a EXHIBIT B Depiction of the Public Property Tier II ROW Encroachment Agreement Page 11 of 16 PN21-00066,PN21-00067 Revised 11/2020 U2M Avnn Na nie �..M Unu nsiro Saw V n lu o a = s �s og O \ a ae?o dOgy� a°'�m v sm o y �I 3 „ .x. .xe-z .92.- -:e- EXHIBIT C Depiction and description of the Encroachment Tier II ROW Encroachment Agreement Page 12 of 16 PN21-00066,PN21-00067 Revised 11/2020 l = 2JAAVd N018 21N3W3i\Vd 31A2AONOO �AVN1-d0-1Fi`JI21,05) AVAA N2:jn9l10 NVA l oo LU L. w — — - w = — _ z w J o Q nano � o�o o � "' U MOO O � " I Q 000 r M N Ln In , op I + � C7 OM I Ord w I OIL tD N (D N = CD N o Z w I Z w Z w JE g IV ,Z I-XI U N N N — — w � < Lu x N NK H J Lu L n WQ � LL a � r7 Z I w o, I I � � � � Q � ^ 2 v W � co ( Nov Ln C7 U z LLJw Lop CQpN (j =� N W ti pC Z U L J In Lu 00 � � � I� 2 ' j � Q LU Ln r (fl J d N I O O K u w i (DN c1 �af x I W co N co Z w ?o U O-O — — N v � 0 L N ~ o z W a a = Q m IOOO " O � a m NN mN r- N U [O o 0Lo Omz m�J F (D waUzF � Z Ln CD W t3t=' o� LL v Nn to OA � n N mS N ON � L j w .n-(O z w I� LO O O Q (0 I w li H Q $ J J CD N ® rl rl H z w N 111 z 6mP'V3-W2101S\Vl MO'd\S1NIWHJVO'd:)Nl\slell!wgnS/g!D\ZTO\a:)uapuodsauuo0\gbZI008\OOZIOO\OOSuoihnpad\waasAs aWglJOnng\\:H1Vd3lId Wd 9£:E:1V TZOZ'SZ PAPH'Aepsin41:NO JaneaM 111i'd:A8 OILLOld w ? >- a N LO O o � O Lr) J �� � L Q � � m Q � V) � � ��w O O m 0> CL- (n W CK) U-) + z O O Q W II II V o � a W iz � W + Q JJ O � cn Q O � Z i � Q Oo � �LILJ DGLCJ � L Vun O Oj W >. z " Q � LUaWoW N LO LO LO LO CA LL _ = o F— o � n H 0 = z o_ c~n (7 V zc � U U Oo Lr) u u N �� ON O O L WLU J N LO LO LO LO U a 0 0 � , 0 o a .- o o w Q O LLI c� O o _ � ~ Jf�� � t� r^ LLI ill ONa QILL _ X + 0� WN O W O V O ? 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Sometimes herein City, Assignor, or Assignee may also be referred to individually as a"Party" or collectively as the "Parties." WITNESSETH: WHEREAS, the City entered into an Encroachment Agreement, City Secretary Contract No. (the *'Encroachment Agreement"), on the day of September, 2021, with Assignor, the owner of certain real property more particularly described in the attached Legal Description (the '*Property") located adjacent to or near the City's right- of-way on which the encroachments are located. The encroachments are more particularly described in the Encroachment Agreement, attached hereto as "Exhibit A" and incorporated herein by reference for all purposes, and are referenced therein and herein as the "Improvements"; WHEREAS, the Encroachment Agreement was recorded the day of , 2021, as Instrument No. in the Real Property Records of Denton County, Texas; WHEREAS,Assignor desires to assign the Encroachment Agreement to Assignee. AGREEMENT: NOW, THEREFORE, for and in consideration of the above and foregoing premises and the mutual covenants, terms, and conditions herein contained, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereby agree as follows: Tier II ROW Encroachment Agreement Page 14 of 16 PN21-00066,PN21-00067 Revised 11/2020 1. Assignor hereby assigns, transfers, and conveys all rights and interests and delegates it duties and obligations under the Encroachment Agreement to Assignee. 2. Assignee hereby accepts the Assignment granted herein, and assumes all of Assignor's rights, duties, and obligations arising under the Encroachment Agreement. 3. Assignor has full right, power, and authority to enter into this Assignment, to make the representations set forth herein, and to carry out Assignor's obligations hereunder. Assignee has the full right, power, and authority to enter into this Assignment, to make the representations set forth herein, and to carry out Assignee's obligations hereunder. 4. The effective date of this Assignment shall be the date of its execution by Assignor and Assignee (the`Effective Date"). All rights,duties, and obligations under the Encroachment Agreement arising, accruing, or relating to the period before the Effective Date are allocated to Assignor, and all rights, duties, and obligations arising, accruing, or relating to the period thereafter shall be allocated to Assignee. 5. Except as otherwise expressly set forth in this Assignment, Assignor will be discharged from any and all further obligations under the Encroachment Agreement as of the Effective Date. 6. Assignor represents, warrants, and covenants with City and Assignee that as of the Effective Date,Assignor is not in default of any of its obligations contained in the Encroachment Agreement. 7. Any notice given by any Party to another Party must be in writing and shall be effective upon receipt when (i) sent by U.S. mail with proper postage, certified mail return receipt requested, or by a nationally recognized overnight delivery service, and (ii) addressed to the other Party at the address set out below or at such other address as the receiving Party designates by proper notice to the sending Party. City Development Services Department Attn: Director 200 Texas Street Fort Worth TX 76102 Attention: Director Assignor Tier II ROW Encroachment Agreement Page 15 of 16 PN21-00066,PN21-00067 Revised 11/2020 Assignee 8. Except as herein otherwise provided, this Assignment will be binding upon and inure to the benefit of the Parties and their respective successors and assigns. 9. Assignee shall cause this Assignment to be filed of record at Assignee's expense in the Real Property Records for Tarrant County, Texas. 10. The Certificate of Insurance for the Assignor attached as Exhibit`B" to the Encroachment Agreement is hereby deleted and replaced with the attached Certificate of Insurance from the Assignee as "Exhibit B, Revised." 11. All terms and conditions of the Encroachment Agreement not amended herein remain unaffected and in full force and effect, are binding on the Parties, and are hereby ratified by the Parties. Capitalized terms not defined herein shall have meanings assigned to them in the Encroachment Agreement. 12. This Assignment may be executed in multiple counterparts, each of which shall be deemed an original, and all of which,when taken together, shall constitute one and the same document which may be evidenced by one counterpart. [SIGNATURES APPEAR ON FOLLOWING PAGES] Tier II ROW Encroachment Agreement Page 16 of 16 PN21-00066,PN21-00067 Revised 11/2020