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HomeMy WebLinkAboutContract 36589-CA1Date Received: 3/31/2023 Time Received: 8.55 a.m. Record Number: PN22-00174 A City Secretary Number: 36589-CA1 ASSIGNMENT AND CONSENT OF ENCROACHMENT AGREEMENT City Secretary Contract No. 36589 THIS ASSIGNMENT AND CONSENT OF ENCROACHMENT AGREEMENT ("Assignment") is made and entered into as of the 29th day of July, 2022, by and between the CITY OF FORT WORTH, a Texas home -rule municipal corporation ("City"), MUSEUM PLACE FLATIRON BUILDING, LTD., a Texas limited partnership ("Assignor"), as successor in interest to Museum Place Block B 1 Limited, a Texas limited partnership, and VANTAGE BANK TEXAS, a Texas state bank ("Assignee"). (Sometimes City, Assignor and Assignee are referred to individually as a "Party" and collectively as the "Parties"). WITNESSETH: WHEREAS, the City entered into an Encroachment Agreement, City Secretary Contract No. 36589 (the "Encroachment Agreement") with Assignor, the owner of a leasehold interest in certain real property located at 3100 Camp Bowie Boulevard (now known as 3131 West 7th Street), Fort Worth, Texas 76107, as more particularly described in the Encroachment Agreement (the "Property"); WHEREAS, the Encroachment Agreement, filed on February 8, 2018, as Instrument No. D208046264 in the Real Property Records of Tarrant County, Texas, is attached hereto as Exhibit "A" and incorporated herein by reference as if set forth in full; WHEREAS, Assignor has sold the leasehold interest in the Property to Assignee on June 29, 2022 as evidenced by an Assignment and Assumption of Ground Lease recorded as Instrument No. D222190643 in the Real Property Records of Tarrant County, Texas; and 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: 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. OFFICIAL RECORD CITY SECRETARY CSC No. Consent to Assignment FT. WORTH, Tx Encroachment Agreement 4. The effective date of this Assignment shall be the date of its execution by the City (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. City hereby consents to this Assignment upon the terms and conditions set forth herein. Unless and until City has executed this Assignment, it is of no effect. The consent granted herein should not be construed as consent to any further assignment. The failure or delay of City in seeking to enforce any provision of the Encroachment Agreement or this Assignment shall not be deemed a waiver of rights or remedies that City may have or a waiver of any subsequent breach of the terms and provisions therein or herein contained. 8. 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 200 Texas Street Fort Worth TX 76102 Attention: Director Assignor Museum Place Holdings, LLC 2918 Wingate Fort Worth, TX 76107 Attn: Richard Garvey and Reece Pettigrew With a copy to: Brackett & Ellis, PC 100 Main Street Fort Worth, TX 76109 Attn: Russell Norment CSC No. Encroachment Agreement Consent to Assignment Assignee Vantage Bank Texas 45 NE Loop 410, Suite 500 San Antonio, TX 78216 Attn: Patty Terry With a copy to: Kelly Hart & Hallman LLP 201 Main Street, Suite 2500 Fort Worth, TX 76102 Attn: Chad Key and Teddy Boschim 9. 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. 10. Assignee shall cause this Assignment to be filed of record at Assignee's expense in the Real Property Records for Tarrant County, Texas. 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 the 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] CSC No. Encroachment Agreement Consent to Assignment ASSIGNOR: MUSEUM PLACE FLATIRON BUILDING, LTD., a Texas limited partnership By: Museum Place Flatiron Building GP, LLC, a Texas limited liability company, its general partner By: d ' Name:1 Richard F. Garvey Title: President STATE OF TEXAS COUNTY OF TARRANT This instrument was acknowledged before me on this the / day of rjehrfiy, 2023 by Richard F. Garvey, President of Museum Place Flatiron Building GP, LLC, a Texas limited liability company, as general partner of Museum Place Flatiron Building, Ltd., a Texas limited partnership, on behalf of said limited partnership. Notary Public, State of Texas [NOTARIAL SEAL] E"� W 'E L. LEWISMy Notary ID # 1063048Expires July 24, 2024 CSC No. Consent to Assignment Encroachment Agreement ASSIGNEE: VANTAGE BANK TEXAS, a Te By: Nan Tith STATE OF TEXAS COUNTY OF TARRANT This A st ient cknowledged beforme o this the Ly day of 2023 by CL , as �.� of Vantage Bank Texas, a Texas state bank, on Whalf of said tate bank. No ary Public, State of Texas [NOTARIAL SEAL] emy DORIS REILLYNotary PublicState of TexasID # 3548799 Comm. Expires 03-07-2026 CSC No. Consent to Assignment Encroachment Agreement APPROVED AS TO FORM AND LEGALITY: CITY OF FORT WORTH remy An-Mensah for (Mar 15, 202313:0 T) DJ Harrell (Mar23, 202315:39 CDT) FWBC Sec. 3210 DJ Harrell, Director Thomas Royce Hansen, Assistant City Attorney Development Services Department City Attorney's Office Date: Mar 15, 2023 ,000aovn�� �� fORT �adO o°fie �9.�0 Pvo oSA d ��'Qn�nEXAga4p Jannette Goodall City Secretary (M&C not Required) Date: Mar 31, 2023 Date: Mar 23, 2023 Contract Compliance Specialist: By signing I acknowledge that I am the person responsible for the monitoring and administration of this contract, including ensuring all performance and reporting requirements. kebecca Mane 0imm Rebecca Diane Owen (Mar 15, 202313:18 CDT) Date: Mar 15, 2023 Rebecca Owen Development Manager OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX Encroachment Assignment Agreement Page 5 of 8 Rev 04/2020 STATE OF TEXAS § COUNTY OF TARRANT § This instrument was acknowledged before me on March 23rd , 2023 by DJ Harrell, Interim Director, as the Director of the Development Services Department of the City of Fort Worth, a Texas municipal corporation on behalf of the City of Fort Worth. Wendy L. Digitally signed by Wendy L. Bea rdslee Date: 2�PRYP(ie`c� WENDY L BEARDSLEE Notary Public * * STATE OF TEXAS all Notary I.D. 13323719-3 9 OFF My Comm. Exp. July 28, 2025 Bea rd s I ee 2023.03.23 13:42:04-05'00' Notary Public, State of Texas Encroachment Assignment Agreement Page 6 of 8 Rev 04/2020 Exhibit "A" to Assignment and Consent of Encroachment Agreement Copy of Encroachment Agreement [see following pages] CSC No. Encroachment Agreement Consent to Assignment CITY SECRETARY ��CONTRACT NO. ENCROACHMENT AGREEMENT STATE OF TEXAS § COUNTY OF TARRANT § THIS AGREEMENT is made and entered into by and between the City of Fort Worth, a municipal corporation of Tarrant County, Texas, acting herein by and through its duly authorized City Manager or duly designated Assistant City Manager, hereinafter referred to as the "City", Museum Place Block B1 Limited, acting herein by and through its duly authorized Chief Financial Officer, Reece Pettigrew hereinafter referred to as "Grantee", Owner of the property located at 3100 Camp Bowie Blvd. ("Properly"). WITNESSETH: 1 For and in consideration of the payment by Grantee of the fee set out below and the true and faithful performance of the mutual covenants herein contained, City hereby grants to Grantee permission to construct/ install and/or allow to remain, Improvement(s) ("Improvement") that encroaches upon, uses and/or occupies portions of the space under, on and/or above the streets, alleys, sidewalks and other public rights -of -way, such Improvement(s) are described as follows: 02-05-08 P03:34 1 N Q TARRANT - TTS, TX Document:Document - Year.DocID 2008.046264 Page:l of 17 Printed on:4/8/2022 1:08 PM 1. The upper -most portion of the southern tilted farpade at a height of 71'-6" above grade will encroach approximately 6'-0" into the public right-of-way from the property line, and V-11" from the edge of curb at the drive lane. (Refer to Exhibit A for location). 2. All construction, maintenance and operation in connection with such Improvement, use and occupancy shall be performed in strict compliance with this Agreement and the Charter, Ordinances and Codes of the City and in accordance with the directions of the Director of Transportation and Public Works of City, or his duly authorized representative. All plans and specifications thereof shall be subject to the prior written approval of the Director of Transportation and Public Works, or his duly authorized representative, but such approval shall not relieve Grantee of responsibility and liability for concept, design and computation in preparation of such plans and specifications. 3. Upon completion of construction and installation of said Improvement and thereafter, there shall be no encroachments in, under, on or above the surface area of the streets, alleys, sidewalks and other public rights -of -way involved, except as described herein and shown on the hereinabove referred to Exhibit 'A". 4. 2 TARRANT - TTS, TX Document:Document - Year.DocID 2008.046264 Page:2 of 17 Printed on:4/8/2022 1:08 PM Grantee, 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 use and occupancy, including the securing of approval and consent from the utility companies and the appropriate agencies of the State and its political subdivisions. In the event that any installation, reinstallation, relocation or repair of any existing or future utility or improvements owned by, 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 such encroachment and use, Grantee shall pay to City an additional amount equal to such additional cost as determined by the Director of Transportation and Public Works of the City, or his duly authorized representative. 5. City may enter and utilize the referenced areas at any time for the purpose of installing or maintaining improvements necessary for the health, safety and welfare of the public or for any other public purpose. In this regard, Grantee understands and agrees that City shall bear no responsibility or liability for damage or disruption of improvements installed by Grantee or its successors, but City will make reasonable efforts to minimize such damage. 3 TARRANT - TTS, TX Document:Document - Year.DocID 2008.046264 Page:3 of 17 Printed on:4/8/2022 1:08 PM In order to defray all costs of inspection and supervision which City has incurred or will incur as a result of the construction, maintenance, inspection or management of the encroachments and uses provided for by this Agreement, Grantee agrees to pay to City at the time this Agreement is executed a fee in the sum of Two Hundred, Thirty-five and no1100 Dollars ($ 235.00). 7. l The term of this Agreement shall be for'-16v+y (30 ) ye-s commencing on the date this Agreement is executed by the City of Port Worth. 3 Upon termination of this Agreement, Grantee shall, at the option of City and at no expense to City, restore the public right-of-way and remove the Improvement encroaching into the public right-of-way, to a condition acceptable to the Director of Transportation and Public Works, or his duly authorized representative, and in accordance with then existing City specifications. It is understood and agreed to by Grantee that if this Agreement terminates and Grantee fails to remove the Improvement, Owner hereby gives City permission to remove the Improvement and any supporting structures and assess a lien on the Property for the costs expended by the City to remove such Improvement. a 4 TARRANT - TTS, TX Document:Document - Year.DocID 2008.046264 Page:4 of 17 Printed on:4/8/2022 1:08 PM It is further understood and agreed upon between the parties hereto that the public rights -of -way, alleys, sidewalks ("public right-of-way") to be used and encroached upon as described herein, are held by City as trustee for the public; that City exercises such powers over the public right -of way as have been delegated to it by the Constitution of the State of Texas or by the Legislature; and that City cannot contract away its duty and its legislative power to control the public right-of-way 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 right of way to be used for any other public purpose, including but not being limited to underground, surface of overhead communication, drainage, sanitary sewerage, transmission of natural or electricity, or any other public purpose, whether presently contemplated or not, that this Agreement shall automatically terminate. 10. Grantee understands and agrees that the granting of any encroachment hereunder is not meant to convey to Grantee any right to use or occupy property in which a third parry may have an interest, and Grantee agrees that it will obtain all necessary permission before occupying such property. 11. TARRANT - TTS, TX Document:Document - Year.DocID 2008.046264 Page:5 of 17 Printed on:4/8/2022 1:08 PM Grantee agrees to comply fully with all applicable federal, state and local laws, statutes, ordinances, codes or regulations in connection with the construction, operation and maintenance of said Improvement, encroachment and uses_ 12. Grantee 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. 13. Grantee 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 Grantee 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 Grantee, its officers, agents, servants, employees, contractors and subcontractors, and nothing herein shall be construed as creating a partnership or joint enterprise between City and Grantee. 14. 6 TARRANT - TTS, TX Document:Document - Year.DocID 2008.046264 Page:6 of 17 Printed on:4/8/2022 1:08 PM GRANTEE COVENANTS AND AGREES TO INDEMNIFY, AND DOES HEREBY INDEMNIFY, HOLD HARMLESS AND DEFEND CITY, ITS OFFICERS, AGENTS, SERVANTS AND EMPLOYEES, FROM AND AGAINST ANY AND ALL CLAIMS OR SUITS FOR PROPERTY DAMAGE OR LOSS AND/OR PERSONAL INJURY, INCLUDING DEATH, TO ANY AND ALL PERSONS, OF WHATSOEVER KIND 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 SAID IMPROVEMENT AND ENCROACHMENT AND USES GRANTED HEREUNDER, WHETHER OR NOT CAUSED, IN WHOLE OR IN PART, BY ALLEGED NEGLIGENCE OF OFFICERS, AGENTS, SERVANTS, EMPLOYEES, CONTRACTORS, SUBCONTRACTORS, LICENSEES OR INVITEES OF THE CITY; AND GRANTEE HEREBY ASSUMES ALL LIABILITY AND RESPONSIBILITY FOR SUCH CLAIMS OR SUITS. GRANTEE 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 ANY AND ALL ACTS OR OMISSIONS OF GRANTEE, ITS OFFICERS, AGENTS, SERVANTS, EMPLOYEES, CONTRACTORS, SUBCONTRACTORS, LICENSEES, INVITEES, OR TRESPASSERS. 15. TARRANT - TTS, TX Document:Document - Year.DocID 2008.046264 Page:7 of 17 Printed on:4/8/2022 1:08 PM While this Agreement is in effect, Grantee agrees to furnish City with a Certificate of Insurance, naming City as certificate holder, as proof that it 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 "A". The amounts of such insurance shall be not less than the following: Property damage, per occurrence $100,000 Bodily injury, per person $250,000 Bodily injury or death, per occurrence $500,000 with the understanding of and agreement by Grantee that such insurance amounts shall be revised upward at City's option and that Grantee shall so revise such amounts immediately following notice to Grantee of such requirement. Such insurance policy shall provide that it cannot be canceled or amended without at least ten (10) days prior written notice to the Building Official of the City of Fort Worth. A copy of such Certificate of Insurance is attached as attached as Exhibit °B". Grantee agrees to submit a similar Certificate of Insurance annually to City on the anniversary date of the execution of this Agreement. Grantee agrees, binds and obligates itself, 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 all encroachments and the cleaning and restoration of the city streets. All insurance coverage required herein shall include coverage of all Grantee's contractors. 16. 8 TARRANT - TTS, TX Document:Document - Year.DocID 2008.046264 Page:8 of 17 Printed on:4/8/2022 1:08 PM Grantee 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 Consent Agreement in its entirety in the deed records of Tarrant County, Texas. After being recorded, the original shall be returned to the City Secretary of the City of Fort Worth, Texas 17. In any action brought by the City for the enforcement of the obligations of Grantee, City shall be entitled to recover interest and reasonable attorney's fees. 18. Grantee covenants and agrees that it will not assign all or any of its rights, privileges or duties under this contract without the prior written approval of the City Manager or designee. Any attempted assignment without prior written approval will be void. 19. THE PARTIES AGREE THAT THE DUTIES AND OBLIGATION CONTAINED IN PARAGRAPH 8 SHALL SURVIVE THE TERMINATION OF THIS AGREEMENT. 20. 9 TARRANT - TTS, TX Document:Document - Year.DocID 2008.046264 Page:9 of 17 Printed on:4/8/2022 1:08 PM This Agreement shall be binding upon the parties hereto, their successors and assigns. EXECUTED this U t day of 20 City City of Fort Worth Bey: 7Use"i A GN1S N41.:5) Director of Planning and Development Grantee /r a SCZ-11a PCACe �Coc� B/, I-7Z , By. �'asc2/M P[QACE �9Gac� B GLC By: Reece Pettigrew, CFO, Museum Place Block B1 Limited 10 TARRANT - TTS, TX Document:Document - Year.DocID 2008.046264 Page:10 of 17 Printed on:4/8/2022 1:08 PM APPROVED AS TO F RIVI' peIV1,Z,LEGALITY: ASSISTANT bItY ATTORNEY 11 TARRANT - TTS, TX Document:Document - Year.DocID 2008.046264 Page:11 of 17 Printed on:4/8/2022 1:08 PM 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 Susan Alanis, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he/she 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 , S day of 20 2�. �r Notary Public in and for tW State of Texas R. cNA REZ �'.I, .ro" • °_.,;� Notary Public, State of T6X2S �I NiyC:ornmiesian 2044S ;.ptsm per 10, oO TARRANT - TTS, TX Document:Document - Year.DocID 2008.046264 Page:12 of 17 Printed on:4/8/2022 1:08 PM 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 -. 'Re-e-ce- Pe4, �n rea) known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he/she executed the same for the purposes and consideration therein expressed, as the act and deed of N—W&e►.cm V �� pLj< 1�> i , )-.'TQ and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE this I } day of Q+ Zc.c[kr, 20 DEBBIE A. MARTIN =aa' Notary Public. State of Tees ?b My Commission Expires Fet 4;: Sepfember l5, 2010 13 L�A1 a - ma-a-z::n Notary Public in and for the State of Texas TARRANT - TTS, TX Document:Document - Year.DocID 2008.046264 Page:13 of 17 Printed on:4/8/2022 1:08 PM T.d ,LRTAIRWALi _ TA.4 ter—e' V Y Telephone: 214-363-5617 Fwam,k: z4-363-9563 4,ec-r — cn 4� p 00 ? LL- a BULD,Xti CROSSES ..PROPERTY l.e7E O 4 m • as atRraNru>_ Project NU.1"` ' cc 116'-e• — - — Date i�w d 1VOI07 j ILl DOW Q .a 1 -1/ 4'-B 31 - TARRANT - TTS, TX Document:Document - Year.DocID 2008.046264 Printed on:4/8/2022 1:08 PM Page:14 of 17 CITY OF FORT WORTH 1000 THROCKMORTON FT WORTH TX 76102 Submitter: CITY OF FORT WORTH SUZANNE HENDERSON TARRANT COUNTY CLERK TARRANT COUNTY COURTHOUSE 100 WEST WEATHERFORD FORT WORTH, TX 76196-0401 DO NOT DESTROY WARNING - THIS IS PART OF THE OFFICIAL RECORD. Filed For Regis tion: 02/08/2008 03:21 PM Inst,_ t#: D208046264 A 17 PGS $76.00 D208046264 ANY PROVISION WHICH RESTRICTS THE SALE, RENTAL OR USE OF THE DESCRIBED REAL PROPERTY BECAUSE OF COLOR OR RACE IS INVALID AND UNENFORCEABLE UNDER FEDERAL LAW. Printed by: PT TARRANT - TTS, TX Document:Document - Year.DocID 2008.046264 Page:17 of 17 Printed on:4/8/2022 1:08 PM