HomeMy WebLinkAboutContract 36205 1 CITY SECRETARY
CONTRACT NO.
CONSENT TO ASSIGNMENT OF CONSENT AGREEMENT
STATE OF TEXAS )
KNOW ALL PERSONS BY THESE PRESENTS:
COUNTY OF TARRANT )
TH C NS T TO ASSIGNMENT OF CONSENT AGREEMENT ("Consent") is given this
day of 007, by the City of Fort Worth, a municipal corporation of Tarrant County,
Texas("City"), subject to the matters set forth below.
RECITALS :
A. The City and Ron Investments, Ltd., a Texas limited partnership ("Ron"), as Grantee,
entered into that certain Consent Agreement(City Secretary Contract No. 25879), dated May 25, 2000,
and recorded June 2, 2000, in Volume 14367, Page 50, of the Real Property Records of Tarrant
County, Texas ("Agreement"), concerning certain real property and improvements commonly known as
The Ashton Hotel ("Hotel"), located at 610 Main Street,Fort Worth,Texas.
B. Ron has informed the City that Ron intends to sell the Hotel to Ashton Hotel Partners,
L.P., a Texas limited partnership ("AHP"), and has requested that the City consent to the assignment of
the Agreement in connection with such sale, which the City is willing to do in accordance with the terms
and conditions set forth below.
CONSENT:
NOW, THEREFORE, in accordance with Section 18 of the Agreement, the City consents to
Ron's assignment of its rights and obligations as Grantee under the Agreement to AHP, PROVIDED
THAT: (i) AHP agrees to assume all liabilities and obligations of Grantee under the Agreement and
agrees to perform all obligations of Grantee under the Agreement which are to be performed or which
become due on or after the effective date of the closing of Ron's sale of the Hotel to AHP(the"Effective
Date"); and(ii)the Effective Date is no later than December 31, 2007.
EXECUTED to be effective as of the date first above written.
ATTEST: CITY OF FORT WORTH,
a municipal corporation of Tarrant County,Texas
�I By:_ �'
City Secretary Name: L G�r(e (Z_ OS LA e I 1
Title: C jTr—
APPROVED AS TO FORM
AND LEGALITY:
s �
City Attorney
NO M&C REQUIRED ---
8913201
STATE OF TEXAS §
COUNTY OF TARRANT §
This instru ent was acknowledged before me on the,2q day of 2007,
by� �e,S Zada'#known to me to be the person whose name is subs ibed to the foregoing
instrument, and acknowledged to me that he/she executed the same for the purposes and consideration
therein expressed,as the act and deed of the City of Fort Worth, and in the capacity therein stated.
[seal] 07
�... Notary Public, State of Texas
ANA L.BRISENex .
Notary Public,Stale of Texas
My Commission Expires
March 07,2011
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