HomeMy WebLinkAboutContract 38318 r1_3UN'-R1-, , O- �.
MEMORANDUM OF OIL AND GAS LEASE
STATE OF TEXAS §
§ KNOW ALL MEN BY THESE PRESENTS:
COUNTY OF TARRANT §
BE IT REMEMBERED that on the 110 day of d"~-! , 2009, 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 DALE PROPERTY SERVICES,
L.L.C., 2100 Ross Avenue, Suite 1870, LB-9, Dallas, Texas 75201, 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 24 day of , 2009.
LESSOR: LESSEE:
CITY OF FORT WORTH DALE PROPERTY SERVICES, L.L.C.
By: y: rmy-& '�Pcca
Title: Assistant City Manager Its:
ATTEST:
City Secretary
APPROVED AS TO FORM AND LEGALITY:
By. AA
Assistant City Atey
Date:
Contract Authorization+.
I � � 1 �� OFFICIAL RECORD
CITYSEECRETARY
Date FT.WORTH,TX
03-12-09 P01 :55 IN
1
02-27-09 A08 :39 IN
ACKNOWLEDGEMENTS
THE STATE OF TEXAS §
COUNTY OF §
BEFORE ME, „ , ��� the undersigned notary public, on
this day personally appeared , known to me to be the person whose
name is subscribed to the foregoing instrument and acknowledged that (s)he has executed the
same for the purposes and consideration therein expressed.
GIVEN under my hand and seal of office this Oday of ,
2009.
Notary Public, State of Texas
My Commission Expires: „- ----- --——
Commission Number: HErrtE SNE I
F_
STATE OF TEXAS §
COUNTY OF DALLAS §
BEFORE ME, � lloH� the undersigned notary public, on
this day personally appeared , known to me to be the person whose
name is subscribed to the foregoing instrument and acknowledged that (s)he has executed the
same for the purposes and consideration therein expressed.
GIVEN under my hand and seal of office this day of 144eii - ,
2009.
Not; blic, S4 e of Te
My Commission Expires:
Commission Number:
RYAN REX BELLOMY_,�o•�.. .�mc:
Notary Public,state of Texas
3,'fFo`iE�;y My Commission Expires
August 17, 2011
2
EXHIBIT A
0.2724 acres
Tract#1: .092 acres, more or less, being Lot 613, Block 167 out of the MG Ellis Addition,
an Addition to the City of Fort Worth, Tarrant County, Texas, more particularly
described by metes and bounds in that certain Warranty Deed dated May 21, 1981
by and between Helen Yordanoff and Wanda Yordanoff, as Grantors and the City
of Fort Worth, as Grantee recorded in Volume 7125, Page 2147 of the Deed
Records, Tarrant County, Texas.
Tract#2: .08 acres, more or less, being a portion of Lot 2, Block 167 of the M. G. Ellis
Addition, an addition to the City of Fort Worth, Tarrant County, Texas, more
particularly described by metes and bounds in that certain Deed dated June 12,
1986 by and between Florentino Montalvo and wife, Francisca Montavalo, as
Grantors and the City of Fort Worth, as Grantee, recorded in Volume 9928 Page
1984 of the Deed Records, Tarrant County, Texas.
Tract#3: .2524 acres, more or less, being Lots 4 & 5, Block 167 out of the MG Ellis
Addition, an Addition to the City of Fort Worth, Tarrant County, Texas, more
particularly described by metes and bounds in that certain Plat recorded in
Volume 63, Pages 19 & 20 of the Deed Records, Tarrant County, Texas;
SAVE AND EXCEPT:
.152 acres, more or less, being a portion of Lots 4 & 5, Block 167 out of the MG Ellis
Addition, an Addition to the City of Fort Worth, Tarrant County, Texas, more
particularly described by metes and bounds in that certain Warranty Deed dated
January 5, 1988 by and between the City of Fort Worth, as Grantor and A&A
Refrigeration, as Grantee recorded in Volume 9298, Page 968 of the Deed
Records, Tarrant County, Texas.
3
M&C Review Pagel of 2
Official site of the City of Fort Worth,Texas
CITY COUNCIL AGENDA FoRrH
COUNCIL ACTION: Approved on 1/18/2007
DATE: 1/18/2007 REFERENCE NO.: G-15588 LOG NAME: 30CITY
LEASES
CODE: G TYPE: NON-CONSENT PUBLIC HEARING: NO
SUBJECT: Authorize the Provision for Administrative Approval of Leases for Natural Gas Drilling under
City-Owned Properties of Two 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 two acres or less in size.
DISCUSSION:
On May 17, 2005, (M&C G-14798) Fort Worth City Council authorized City staff to advertise a request
for proposals from private companies to drill for natural gas under 3,651 estimated mineral acres of
City-owned properties. Most of these properties range from 3 to 800 acres or more in size.
From time to time, the City is asked to lease isolated City-owned properties in various locations that
are two 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 engineering staff and the
City's mineral asset management consultant, JPMorgan Chase. Staff will report the negotiated lease
bonuses and royalty to the City Council through the regular monthly gas lease report. The leases
would be executed through an internal administrative process involving the Engineering Department,
the City Attorney's Office and the City Manager's Office.
Requirements and guidelines to be followed in determining eligibility for inclusion in the Adminstrative
Gas Lease Process are as follows:
• City-owned property two acres or less that is not a City park
• 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
http:/lapps.cfw org/council_packet/mc review.asp?ID=7045&councildate=l/18/2007 3/13/2009
TO&C Review Page 2 of 2
• The distrubution of lease bonus and royalties will be in accordance with the revenue
distribution policy approved by the City Council
• No MWBE goal will be required due to the size of the parcels
In accordance with the Alternative Assets Agency Account Agreement between JPMorgan Chase
and the City (City Secretary Contract 29698), JPMorgan Chase will serve as the depository of the
lease bonus and royalty revenue until the City requests wire transfer of the funds.
FISCAL INFORMATION/CERTIFICATION:
The Finance 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: Marc A. Ott(8476)
Originating Department Head: A. Douglas Rademaker(6157)
Additional Information Contact: Jean Petr(8367)
ATTACHMENTS
httpJ/apps.cjFwnet,,org.,/council_packet/mc review.asp?ID=7045&councildate=1/l8/2007 3/13/2009