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Home My WebLink AboutContract 41963 CITY SECRETARY CONTRACT NO. MEMORANDUM OF OIL AND GAS LEASE STATE OF TEXAS § § KNOW ALL MEN BY THESE PRESENTS: COUNTY OF TARRANT § BE IT REMEMBERED that on the l - day of 41 2011, 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 CHESAPEAKE EXPLORATION, LLC,P.O.Box 18496,Oklahoma City,Oklahoma 73154,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 lL day of 2011. LESSOR: LESSEE: CITY OF FORT WORTH CHESAPEAKE EXPLORATION,LLC O C ted liabilit company By:Fernando Costa By:David G.Brannen Title:Assistant City Manager 64a4b�nn Its: Land Manager ATTEST: ®�8' � Ay V � o a ® ;A 0 1 Iq6019 City Secretary ua o*�d Contract{ Authorization °oa000� a APPROVED AS TO FORM ANDA Date By:4LL L 4 Assistant City Attorney Date: b Ulu OFFICIAL RECORD CITY SECRETARY FT.WORTH,TX 1 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. UIVENUNDEK V11HAND AND SEAL OF OFFICE this //,64 day of 2011. ROSEUA BARNES MY COMMISSION EXPIRES •? Mamh31,2013p�" Notary Public in and for the State of Texas My Commission Expires: AfAlllP S Print Name of Notary Public Here THE STATE OF OKLAHOMA § COUNTY OF O k LAt•-k m A § BEFORE ME, the undersigned, a Notary Public, on this day personally appeared David Brannen, Land Manager, on behalf of Chesapeake Exploration, L.L.C., an Oklahoma Limited Liability Company,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. r GIVEN UNDER MY HAND AND SEAL OF OFFICE this day of ,2011. [SEAL] d Notary Public in and for the State of My Commission Expires: Print Name of Notary Public Here OFFICIAL RECORD CITY SECRETARY FT.WORTH,TX 2 Exhibit"A" Being 0.40 acres,more or less,out of the R.O.Reeves Survey,A-1293,and being more particularly described in the following tracts: Tract 1 0.10 acres,more of less,out of the R.O Reeves Survey,Abstract 1293,Tarrant County,Texas, being a portion of Lot 1,Block 219,North Fort Worth Addition,an Addition to the City of Fort Worth,Tarrant County,Texas,according to Plat dated April 2, 1904,recorded in Volume 388- 106,Page 119,Plat Records,Tarrant County,Texas,being more particularly described by metes and bounds in that certain Warranty Deed dated November 28, 1949,from J.E.Morgan and wife, Mardie Morgan,to the City of Fort Worth,recorded n Volume 2141,Page 461,Deed Records, Tarrant County,Texas. Tract 2 0.15 acres,more of less,out of the R.O Reeves Survey,Abstract 1293,Tarrant County,Texas, being a portion of Lot, 1,Block 219,North Fort Worth Addition,an Addition to the City of Fort Worth,Tarrant County,Texas,being the South 40 feet of Lot 7,Block 6,Evans-Cambron Addition,and Addition to the City of Fort Worth,Tarrant County,Texas,according to Plat dated March 20, 1911,recorded in Volume 388-310,Page 86,Plat Records,Tarrant County,Texas Tract 3 0.15 acres,more of less,out of the R.O Reeves Survey,Abstract 1293,Tarrant County,Texas, being a portion of Lot 1,Block 219,North Fort Worth Addition,an Addition to the City of Fort Worth,Tarrant County,Texas,being the South 40 feet of Lot 8,Block 6,Evans-Cambron Addition,and Addition to the City of Fort Worth,Tarrant County,Texas,according to Plat dated March 20, 1911,recorded in Volume 388-310,Page 86,Plat Records,Tarrant County,Texas. (19T"STREET ROW) 3 City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved As Amended on 11/17/2009 - Amendment is Highlighted in Yellow DATE: Tuesday, November 17, 2009 REFERENCE NO.: L-14889 LOG NAME: 06ADMIN LEASES SUBJECT: Authorize Administrative Approval and Execution of Leases for Natural Gas Drilling Under City-Owned Properties of Five 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 five acres or less in size. DISCUSSION: On January 18, 2007, (M&C G-15588) Fort Worth City Council authorized the City Manager to approve and execute leases for natural gas drilling under City-owned non-park properties that are two acres or less in size. From time to time, the City is asked to lease isolated City-owned properties in various locations that are five 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 staff and the City's mineral asset management consultant, Midkiff Oil and Gas. The leases would be executed through an internal administrative process involving the Planning and Development Department, the City Attorney's Office and the City Manager's Office. The purpose of this change is to allow staff to negotiate and expedite processing of small leases in order to ensure that the City is not excluded from units due to the time necessary for City Council review. Requirements and guidelines to be followed in determining eligibility for inclusion in the Administrative Gas Lease Process are as follows: . City-owned property five acres or less; • 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; . The distribution of lease bonus and royalties will be in accordance with the revenue distribution policy approved by the City Council; and • No M/WBE goal will be required due to the size of the parcels. The lease will be presented to City Council for consideration prior to execution for any City owned properties under five acres if opposition to conversion is expressed by citizens in the Logname: 06ADMIN LEASES Page 1 of 2 affected neighborhood or a Council Member requests such consideration. FISCAL INFORMATION / CERTIFICATION: The Financial Management Services Director certifies that this action will have no material effect on City funds. FUND CENTERS: TO Fund/Account/Centers FROM Fund/Account/Centers CERTIFICATIONS: Submitted for City Manager's Office by: Fernando Costa (6122) Originating Department Head: Susan Alanis (8180) Additional Information Contact: Jean Petr (8367) ATTACHMENTS No attachments found. Logname: 06ADMIN LEASES Page 2 of 2