HomeMy WebLinkAboutContract 40023-A1 - A y
4. t
CITY SECRETARY
CONTRACT NO. y 0023-pt1
AMENDMENT TO CORRECT OIL AND GAS LEASE
WHEREAS, the City of Fort Worth ("City") and Quicksilver Resources, Inc
("Lessee") made and entered into City Secretary Contract No. 40023 Oil and Gas Lease
Agreement ("Agreement") authorized by City Council by M&C L-14936 on March 2, 2010, to
allow natural gas drilling under City-owned property known as Village Creek Wastewater
Treatment Plant; and
WHEREAS, the Lease is evidenced as Memorandum of Oil and Gas Lease dated March
15, 2010 and filed for record in Instrument No. D210067244 of the real property records of
Tarrant County, Texas; and
WHEREAS, Lessor and Lessee mutually agreed that the royalty term of the Lease was
to be twenty six (26) percent however twenty-five (25) percent was included in the Lease by
scrivener's error; and
WHEREAS, Lessor and Lessee desire to amend the Lease to correctly reflect that the
agreed upon percentage of royalty term is to be twenty-six (26)percent;
NOW THEREFORE, the undersigned do hereby amend, change and correct all
references to twenty-five (25%) percent as written in the Lease in Paragraph 4. ROYALTIES
and in the Lease in its entirety and replace such references to twenty-six (26%) percent as stated
in the Quicksilver Bid Proposal on January 7, 2010 and as agreed upon by the City of Fort Worth
in Mayor and Council Communication (M&C L-14936) approved on March 2, 2010.
All other terms and conditions of the Oil and Gas Lease, City Secretary Contract No.
40023 and as recorded in the Lease Memo (City Secretary Contract No. 40022) and in Document
Number D210067244 of the Public Records of Tarrant County, Texas which are not amended
herein, shall remain in full force and effect throughout the term of the Lease.
This agreement shall be binding upon and inure to the benefit of the parties hereto, their
respective heirs, legal representatives, successors and assigns.
EXECUTED this 01 tk day of 2011,but for all purposes effective March 15,
2010.
Lessor: Lessee: �S
CITY OF FORT WORTH QUICKSILVER RESOURCES INC.
By: --• By:
Assistant City Manager e Pr ident—US Land
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ACKNOWLEDGEMENTS
THE STATE OF TEXAS
COUNTY OF TARRANT §
BEFORE ME, the undersigned, a Notary Public, on this day personally appeared Fernando Costa,
Assistant City Manager of the City of Fort Worth, a home-rule municipal corporation of the State of
Texas, known to me to be the person whose name is subscribed to the foregoing instrument and, that he
has executed the same for the purposes and consideration therein expressed.
GIVEN UNDER MY HAND AND SEAL OF OFFICE this /y V4--'day of 2011.
[SEAL
Notary Public in and for th
State of Texas =i��rre.
EVONIA DANIELS
MY COMMISSION EXPIRES
My Commission Expires:
'ft,',p�;tSJuly to,2013
Print Name of Notary Public Here
THE STATE OF TEXAS §
COUNTY OF TARRANT §
BEFORE ME, the undersigned, a Notary Public, on this day personally appeared Clay Blum,
Vice President — US Land of Quicksilver Resources, Inc., known to me to be the person whose name is
subscribed to the foregoing instrument and, that he has executed the same for the purposes and
consideration therein expressed.
GIVEN UNDER MY HAND AND SEAL OF OFFICE this day of A ' 2011.
[SEAL]
otary Public in and for the State f Texas
,01""PIA
MIMI ELAINE KEENOM
My Commission Expires
March 13, 2013 OFFICIAL RECORD
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2 CITY SECRETARY
FT. WORTH,TX