HomeMy WebLinkAboutContract 45472 CITY SECRETARY
CONTRACT
Assignment and Assumption of Leases
THIS ASSIG N M E NT AND ASSUMPTION 0 F LEASES (the "Assignme nt") dated as of March 2,t,20114,
is between STATION VENTURE OPERATIONS, LP, a Delaware limited partnership ("Assignor"), and CITY
OF FORT'WORTH�,TEXAS ""Assignee'"' .
A. Assignor has agreed to transfer the land more particularly described on Exhibit "A"
attached hereto (the "Land"), and' the tower on such Land (the ""Tower"" and all of the Assignor's right,
title and interest in and to the building, structures, fixtures and other improvements on the Land (the
"improvements") on the terms and conditions contained therein,
B. Assignor desires to assign its interest in and to all leases and licenses pursuant to which
any portion of the Land or Improvements is used or occupied) by anyone, other, than Assignor (the
"Leases") to Assignee, and Assignee desires to accept the assignment thereof, on the terms: and
conditions below. The Leases include those lease listed on Exhibit "B" attached hereto.
ACCORDINGLY, the parties hereby agree as follows:
1. Assignor hereby assigns to, Assignee, all of its right, title, and interest in and to the
Leases, and Assignee hereby accepts such assignment and assumes all of the lessor's or licens,o:r's
obligation�s, under the Leases arising from and after the date hereof.
2. This Assignment shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and assigns.
3. This Assignment may be executed in any number of counterparts, each of which shall be
deemed an original,, but all o f which taken together shall constitute one and the same instrument.
[OFFICIAL RECORD
CITY SECRMRY
FIFIRI "WIC)RTH
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Assignor and Assign�ee have executed this,Agreement the day and year fist above written.
ASSIGNOR: STATION VENTURE OPERATIONS,, LPIP
a Delaware limited partnership
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ASSIGNEEN,
CITY OF FORT WORTH, TEXAS
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Ass,i'g,nor anI d' Assignee have executed t'hIis Agreernent the day and year first above written1.
ASSIGNOR: STATION VENTURE OPERATIONS, LP,
a Delaware limited partnership
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By:
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ASSIGNEE: CITY OF FORT WORTHI TEXAS
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Name.:
Its:
GFFICIAL RECORD
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Exhibit "A" to Assignment and Assumption of Leases
Description of Real Prpptrty
BEING 26.4903 acres of land more or less situated in the City of Fort Worth, Tarrant County,
Texas,, being part of the E. Johnson Survey, Abstract No 852 and being more particularly
described as follows:
BEGINNING at a 7/8' inch iron in the East line of said Johnson Survey for the Southeast corner
of the 83.80 acres tract described in the deed to Carter Publications, Inc., recorded in Volume
2040,! Page 298 ofthe Tarrant County Deed Records;
THENCE: N 88 degrees 09 minutes 00 seconds W, along the South line of said 83;.80 acres tract,
995.1 feet to a galvanized iron;
THENCE,- N 00 degrees 00 minutes 15 seconds: W, 630.50 feet to a 1/2 inch iron rod found,
THENCE,,- N 35 degrees 30 minutes 00 seconds, E, 865.00 feet to a galvanized 'iron;
THENCE: N 88 degrees, 41 minutes 00 seconds E, 300,80 feet to a 112 'inch found 'iron in the
d'West line ofd Barnett Avenue;
'I"HENCE: Southeasterly, along said street line, along a curve to the left with a radius of'206.34
feet a distance of 2614.10 feet to a metal plug in concrete walk in the East line of said 83.80 acres
tract and being in the west line of original block 4 of Scenery Hill Addition, and the chord of said
are bears S, 53 degrees 11 minutes 00 seconds E, 246.44 feet-,
THENCE.- along the East line of said 83.80 acres tract and with said Survey line,.,
South, at 6192.015 feet passing a, "Y" cut in the top of the North curb, of Norrhandy DIrive, and in
all a total of 702.80, feet to a ploint,
THENCE: S 00 degrees 37 minutes, 30, seconds W, 5123.30 feet to the PLACE OF BEGINNING
and containing 26.4903 acres of land.,
Exhibit "B"' to Assignment and Assumption of Leases
1. Ground Lease, dated as of November 1, 2004, between Station Venture Operations, LPI
and Vanguard Wireless.
2. All leases and licenses on the Tower including the current A'F&T lease.