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Home My WebLink AboutContract 42592 RECORDED ELECTRONICALLY CSN SECRETARY CONTRACT NO. 42Sq 2 ID: D211278311 County: TARRANT Date: Nov. 16,2011 Time: 11:12 AM MEMORANDUM OF OIL AND GAS LEASE STATE OF TEXAS § § KNOW ALL MEN BY THESE PRESENTS: COUNTY OF TARRANT § BE IT REMEMBERED that on thr day of ,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 XTO Energy Inc., 810 Houston Street,Fort Worth,Texas 76102,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 th day of&j✓ ,2011. LESSOR: LESSEE: CITY OF FORT WORTH XTO ENERGY INC. � � By:Fernando Costa 4ovvn�r, By: Edwin S.Ryan,Jr. Title:Assistant City Manager �& IM? Sr.Vice President—Land Adininistration 10,111, ATTEST: I' O City Secretary � *4 �DpppO° q Contract- Authorization ��11QQ 4�ti� APPROVED AS TO FORM AND LEGALITY: t Y-+ 13 Date By: (kJ11,j n• 0 Assistant�dtrt ttomey Date: OFFICIAL RECORD 1 CITY SECRETARY FT.WORTH,TX 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 thi day 2011. [SEAL i Notary Public in and for the State of Texas '- EVIA DANIFLS '''N�+ .�OMM1'ISSION h P!FcS My Commission Expires: 7 _110 —43 Print Name of Notary Public Here THE STATE OF TEXAS § COUNTY OF TARRANT § EFORE ME3, the undersigned, a !Notary Public, on this day personally appeared &61/15 �aAA,JY, VP4ZU)d (�(�lpiniS IYQ�Ttlyk,on behalf of XTO Energy,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. 4^ �6}� GIVEN UNDER MY HAND AND SEAL OF OFFICE this�_day of b U �V ,2011. �[SEA 1 _ L ^QQ ( _� LIIGqtary Public in and for the State of 4 CHARLA F.WILKES *,,��,R(✓*;NOTARY PUBLIC STATEOF TWS �' j(Nrie COMMISSION EXPIRES'. My Commission Ex Lres:� os-o6-sow 2 3- Print Name of Notary Public Here OFFICIAL RECORD CITY SECRETARY 2 FT.WORTH,TX Exhibit A 0.265 of an acre more or less,situated in the J.N.Ellis Survey,A-463,and comprised of the following three parcels: Parcel 1: 0.059 of an acre,more or less,being a called 0.024 of an acre,situated in the J.N.Ellis Survey,A-463,Tarrant County,Texas,and being the East 21 feet of Lot 51, Block 10, Emory College's Subdivision of Patillo's Addition,according to the Plat thereof recorded in Volume 106,Page 48,Plat Records,Tarrant County,Texas,being a part of that certain 0.156 of an acre tract more particularly described in that certain Warranty Deed dated June 12, 1936,from F.L. Covert and wife,Myrtle Covert,to the City of Fort Worth,as recorded at Volume 1276,Page 537,Official Public Records,Tarrant County,Texas; LESS AND EXCEPT:0.098 of an acre,more or less,being more particularly described in that certain Warranty Deed,dated April 2, 1947,from the City of Fort Worth to A.E. Cooper,as recorded at Volume 1892,Page 468,Official Public Records,Tarrant County, Texas. Parcel 2: 0.059 of an acre,more or less,being a called 0.024 of an acre,situated in the J.N.Ellis Survey,A-463,Tarrant County,Texas,and being the East 21.1 feet of Lot 53, Block 10, Emory College's Subdivision of Patillo's Addition,according to the Plat thereof recorded in Volume 106,Page 48,Plat Records,Tarrant County,Texas,and being more particularly described in that certain Warranty Deed,dated May 30, 1936,from A.G.Gonzales and wife, Guadalupe T.Gonzales,to the City of Fort Worth,as recorded at Volume 1276,Page 467, Official Public Records,Tarrant County,Texas. Parcel 3: 0.147 of an acre,more or less,being a called 0.048 of an acre,situated in the J.N.Ellis Survey,A-463,Tarrant County,Texas,and being more particularly described in the following two(2)tracts of land: TRACT 1: 0.059 of an acre,more or less,being a called 0.024 of an acre,being the East 21 feet of Lot 55, Block 10, Emory College's Subdivision of Pattillo's Addition,according to the Plat thereof recorded in Volume 106,Page 48,Plat Records,Tarrant County,Texas,being a part of that certain 0.156 of an acre tract, more particularly described in that certain Warranty Deed dated June 22, 1936, from Grace Parker Richards and husband Roy E.Richards to the City of Fort Worth,as recorded in Volume 1301,Page 22,Official Public Records,Tarrant County,Texas; LESS AND EXCEPT:0.098 of an acre,more or less,being more particularly described in that certain Warranty Deed,dated April 11, 1945,from the City of Fort Worth to L.M.Renfro,as recorded in Volume 1720, Page 177,Official Public Records,Tarrant County,Texas;and TRACT 2: 0.088 of an acre,more or less,being a called 0.024 of an acre,being the East 21 feet of Lot 56, Block 10, Emory College's Subdivision of Pattillo's Addition,according to the Plat thereof recorded in VOlume 106,Page 48,Plat Records,Tarrant County,Texas,being a part of that certain 0.234 of an acre tract, more particularly described in that certain Warranty Deed dated June 13, 1936, from S. L.Nicholson and wife,Chlotine Nicholson,to the City of Fort Worth,as recorded in Volume 1276,Page 538,Official Public Records,Tarrant County,Texas;LESS AND EXCEPT:0.146 of an acre,more or less,being more particularly described in that certain Warranty Deed,dated April 11, 1945,from the City of Fort Worth to Lenora Lira,as recorded in Volume 1706,Page 506,Official Public Records,Tarrant County,Texas (S.MAIN STREET ROW VI) (PAGE STREET D UNIT) 3 M&C Review Page 1 of 2 Official site of the City of Fort North, Texas CITY COUNCIL AGENDA FORT�TH COUNCIL ACTION: Approved As Amended on 11/17/2009 -Amendment is Highlighted in Yellow DATE: 11/17/2009 REFERENCE NO.: L-14889 LOG NAME: 06ADMIN LEASES CODE: L TYPE: NON-CONSENT PUBLIC NO HEARING: 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 dedl!ented-irk properties under five acres if opposition to conversion is expressed by citizens in the affected neighborhood or a Council Member requests such consideration. http://apps.cfwnet.org/council_packet/mc_review.asp?ID=12668&councildate=l l/17/2009 11/22/2011 M&C Review Page 2 of 2 FISCAL INFORMATION/CERTIFICATION: The Financial Management Services 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- Fernando Costa (6122) Originating Department Head: Susan Alanis (8180) Additional Information Contact: Jean Petr(8367) ATTACHMENTS http://apps.cfwnet.org/council_packet/mc_review.asp?ID=12668&councildate=l 1/17/2009 11/22/2011