HomeMy WebLinkAboutContract 36805-CA2 cl'I-Y Sl«CREI�R
COO MCI Nth.
ASSIGNMENT OF TAX ABATEMENT AGREEMENT
This Assignment of Tax Abatement Agreement is made and entered into
by and between First National Bank, ("Assignor") and Jack A. Crane and Re enia L.
Crane, ("Assignee") and the City of Fort Worth, ("City")
RECITALS
A. Waterview Estates, L.P., Pars Investment, Inc., General Partner ("Waterview")
and the City of Fort Worth, Texas (the "City") entered into that certain Tax
Abatement Agreement ("Agreement") for Property Located 5800 Grenada Court ;
Lot 6; Block 2; Waterfront at Enchanted Bay; an Addition to the City of Fort
Worth, Tarrant County, Texas, according to the plat recorded and filed in Cabinet
A; Slide No. 11723, Plat Records, Tarrant County, Texas ("Property") which is
located in the Lake Arlington Neighborhood Empowerment Zone, such
Agreement approved by the City Council of Fort Worth November 6, 2007, City
Secretary Contract Number 36805 ("Agreement"):
B. Pursuant to that certain Special Warranty Deed dated as of April 14,_ 2008
recorded under Tarrant County Deed Records, Waterview conveyed the Property
to Assignor and Assignor acquired title to the Property which is the subject of the
Agreement:
C. Section 5 of the Agreement permits Waterview to assign all of its rights under the
Agreement to Woodhaven Custom Homes, L.L.C. ("Woodhaven"), without
obtaining the prior consent of the City Council:
D. Waterview assigned the Agreement to Woodhaven Assignor, such Agreement is
dated April 14, 2008 City Secretary Contract Number 38715. Section 5 of the
Agreement also permits an assignment by the owner's first mortgagee.
E. Pursuant to that certain Special Warranty Deed dated as of April 13, 2011,
recorded under Tarrant County Deed Records, Assignor conveyed the Property to
Jack A. Crane and Re enia L. Crane and Assignee acquired title to the real
property which is the subject of the Agreement.
F. Section 5 of the Agreement permits Assignor to assign all of its rights under the
Agreement to Assignee, without obtaining the prior consent of the City Council:
AGREEMENT
NOW THEREFORE, in consideration of the mutual terms and conditions herein
contained and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereby agree as follows:
®FFICIAL RECORD
CITY SECRETARY 1
FT.WORTH,TX
1. Assi pMent. Assignor hereby ASSIGNS, TRANSFERS AND CONVEYS all
rights, duties, obligations, title and interest under the Agreement to Assignee.
2. Acceptance. Assignee hereby accepts the Assignment granted herein, and assumes
all of Assignor's rights, duties and obligations arising under the Agreement.
3. Effective Date. The effective date of this Assignment is April 15, 2011 ("Effective
Date"). All rights, duties and obligations under the Agreement arising, accruing or
relating to the period before the Effective Date are allocated to Assignor and all
rights, duties and obligations arising, accruing or relating to the period thereafter
shall be allocated to Assignee.
4. Release and Surrender of Assi nor. Except as otherwise expressly set forth in this
Assignment, Assignor will be discharged from any and all further obligations under
the Agreement as of the Effective Date. Assignor must surrender the Property to
the Assignee on or before 11:59 p. m. on the date prior to the Effective Date in its
present condition. Assignor relinquishes any right to any improvements, fixtures or
equipment on the Property.
5. Representations. Assignor represents, warrants and covenants with Assignee that
as of the Effective Date, that Assignor is not in default under any of its obligations
contained in the Agreement.
6. City of Fort Worth's Consent. City of Fort Worth hereby consents to this
Assignment upon the terms and conditions set forth herein. Unless and until City of
Fort Worth has executed this Assignment, this Assignment is of no effect the
consent granted herein should not be construed as consent to any further assignment
except as provided in the Agreement. The failure or delay of City.of Fort Worth in
seeking to enforce any provisions of the Agreement or this Assignment should not
be deemed a waiver of rights or remedies that City of Fort Worth may have, or a
waiver of any subsequent breach of the terms and provisions therein or herein
contained.
7. Notices. Any notice given by any party to another party hereto must be given in
the manner required under the Agreement. The addresses set forth below
supercede any addresses for notices set forth in the Agreement.
CITY OF FORT WORTH:
City of Fort Worth
Housing & Economic Development Department
Neighborhood Empowerment Zone Program
1000 Throckmorton
Fort Worth, Texas 76102
2
ASSIGNOR:
First National Bank
Y.O.Box 8101100 W.Cano
Edinburg,Texas 7MO
ASSIGNEE:
Jack Crane and Regina Crane
5800 Grenada Court
Fort Worth,Texas 76119
8. Suc a Mors. Excspt as herein otherwise provided, this Assignment will be binding
upon and inure to the benefit of the parties„ and their respective heirs, executors,
administrators.-successors and assigns.
9. Countexg". This A.ssigmnent may be executed in, multiple counterparts, each of
which, once executed, wM be an original and fiiliy binding can the parties so
exo Ming; .and ali such, counterparts together constitute one and- the same
agreerncnt.
10. Binding Offer. This Assignment will be not be binding until executed and
delivered by all tree parties_
IN WITNESS W REOF, the parties have executed this Assignment as of the
date iii:st above written.
ASSIG -First ationai A
S' ature•
Narft:__ .�ter•, +Q-iav
Substitute Trustee:
ASSIGNEE:Jack Crane
Signature:
Name: Jac rane
ASSIGNEE: Regiva.Crane
Signature: OFFICIAL RECORD
Name: Re ' rene CITY SECRETARY
FT WORTH, TX
3
ASSIGNOR:
First National Bank
P.O. Box 810/100 W. Cano
Edinburg, Texas 79540
ASSIGNEE:
Jack Crane and Regenia Crane
5800 Grenada Court
Fort Worth, Texas 76119
8. Successors. Except as herein otherwise provided, this Assignment will be binding
upon and inure to the benefit of the parties, and their respective heirs, executors,
administrators, successors and assigns.
9. Counterparts. This Assignment may be executed in multiple counterparts, each of
which, once executed, will be an original and fully-binding on the parties so
executing; and all such counterparts together constitute one and the same
agreement.
10. Binding Offer. This Assignment will be not be binding until executed and
delivered by all three parties.
IN WITNESS WHEREOF, the parties have executed this Assignment as of the
date first above written.
ASSIGNOR: First National Bank
Signature:
Name:
Substitute Truste
ASSIGNEE: Jack A. Crane
Signature:L, i �r� _�_ pF
Name: Eck A. Crane OFFICIAL RECORD
CITY SECRETARY
T. WORTHY TX
ASSIGNEE: Renia L. Crane
r
Signature:'
Name: Re eni . Cran
3
CITY OF FORT WORTH
a
Su an Al 's
Ass t City Manager
ATTEST:
fj
p
Q
O
Marty Hendrix, City gecretary
i Qf2g00
APPROVED AS TO FORM AND JA�4��
Melinda Ramos
Assistant City Attorney
M & C: C-22514
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
4
STATE OF TEXAS §
COUNTY OF TARRANT §
BEFORE ME, the undersigned authority, on this day personally appeared Susan
Alanis Assistant City Manager of the CITY OF FORT WORTH, a municipal corporation,
known to me to be the person and officer whose name is subscribed to the foregoing
instrument, and acknowledged to me that the same was the act of the said CITY OF
FORT WORTH, TEXAS, a municipal corporation, that she was duly authorized to
perform the same by appropriate Mayor and Council Communication of the City Council
of the City of Fort Worth and that she executed the same as the act of the said City for the
purposes and consideration therein expressed and in the capacity therein stated.
GIVEN UNDER MY HAND AND SEAL OF OFFICE this day of
] J• , 2011.
r^
of y Public in and for
the State of Texas
L=v `-: LINDA M.HIRMINGER
'"' MY COMMISSION EXPIRES
F i rebtuojy2,2014
EFJOFVICIAL
5
STATE,OF TES §
COUNTY OF TARRAI+ITX' §
BEFO y ME, the _ undem ned authority, on this day personally appeared
MN _i rn of First National Bank, known to me to be the
person whose name is subscribed to the foregoing instrument, and acknowledged to me
that he executed the same for the purposes and consideration therein expressed, in the
capacity therein stated and as the act and deed of the First National Beak.
�Lf GIVEN TINDER MY HAND AND SEAL OF OFFICE this day of
2011.
aSTgY P�B4n f\IM E WALKER
Notary Public in an for _* Notary Public
the State of Texas slA �Pv STATE OF TEXAS
,.flF ` My Comm.Ex , 12-t6-2013
STATE OF TEXAS §
COUNTY OF TARRANI' §
BEFORE ME, the undersigned authority, on this day perso 3 ppeared Jack Crane,
known to me to be the peon whose name is subscrib the foregoing instrument,and
acknowledged to me that he executed the same f e purposes and consideration therein
expressed,in the capacity therein stated.
GLVEN UNDER MY AND SEAL OF OFFICE this day of
011.
Notary Public in d for
the State of T as
STATE OF TEXAS §
COUNTY OF TaRRANT §
BEFORE ME, the undersigned authority, on this da nally appeared Regina Crane,
known to me to be the person whose name is s bed to the foregoing mstr ent,and
acknowledged to me that she executed same for the purposes and consideration
therein expressed,in the capacity th ' stated..
O1VEN UND BAND AND SEAL OF OFFICE this day of
2011.
Notary Public in and for
OFFICIAL RECORD,
the State of Texas CITY SECRETARY
FT. WORTH, TX
6
` f Y
STATE OF TEXAS §
COUNTY OF TARRANT §
BEFORE ME, the undersigned authority, on this day person appeared
of First National Bank, kn to me to be the
person whose name is subscribed to the foregoing instrumen d acknowledged to me
that he executed the same for the purposes and consi ion therein expressed, in the
capacity therein stated and as the act and deed of t irst National Bank.
GIVEN UNDER MY HAN ND SEAL OF OFFICE this day of
2
Notary Public in for
the State of as
STATE OF TEXAS §
COUNTY OF TARRANT §
BEFORE ME, the undersigned authority, on this day personally appeared Jack A. Crane,
known to me to be the person whose name is subscribed to the foregoing instrument, and
acknowledged to me that he executed the same for the purposes and consideration therein
expressed, in the capacity therein stated.
GIVEN UNDER MY T�^ND AND SEAL OF OFFICE this /_5- day of
201 !.
y TAMMY JETER
No ublic in and f r * Notary�ubllc
the State of Texas STATE OF TEXAS
py
My Comm, Exp.05126M013
STATE OF TEXAS
COUNTY OF TARRANT §
BEFORE ME, the undersigned authority, on this day personally appeared Regenia L.
Crane, known to me to be the person whose name is subscribed to the foregoing
instrument, and acknowledged to me that she executed the same for the purposes and
consideration therein expressed, in the capacity therein stated.
GIVEN UNDER MY HAND AND SEAL OF OFFICE this day of
201,Y.
r
Not Public in and for ter TAMMY JETER
the State of Texas FFICIp1� ��AR C Notary tubuc
CITY SECRET � 'ATE OF TEXAS
FT.WORTH,TX Mb c"mm. Exp,a.5/aa/2013
6
jVlat- 1Cevlew ra�,c 1 ui
Of fat site of the City of Fort Worth,Texas
FO RT WORT11
CITY C) NCIL AGENDA
COUNCIL ACTION: Approved As Amended on 11/612007
DATE: 11/6/2007 REFERENCE C-22514. LOG NAME: 05ENCHANTEDBAY
NO..
CODE: C TYPE: NON- PUBLIC NO
CONSENT HEARING:
SUBJECT: Authorize Execution of a Five Year Tax Abatement Agreement with Waterview Estates,
L.P., a Texas Limited Partnership, and Woodhaven Homes, L.P., a Texas Limited
Partnership, Located in the Lake Arlington Neighborhood Empowerment Zone
RECOMMENDATION:
It is recommended that the City Council:
1. Authorize the City Manager to enter into a five year Tax Abatement Agreement with Waterview
Estates, L.P., a Texas Limited Partnership, and Woodhaven Homes, L.P., a Texas Limited
Partnership, located in the Lake Arlington Neighborhood Empowerment Zone; and
2. Find that the statements set forth in the recitals of the attached Tax Abatement Agreement with
Waterview Estates, L.P., and Woodhaven Homes, L.P., are true and correct.
DISCUSSION:
Waterview Estates, L.P., and Woodhaven Homes, L.P., are the owners/developers of the 118
properties listed in Exhibit "A". This real property is located in the Lake Arlington NEZ and
Neighborhood Empowerment Reinvestment Zone (NERZ No. 16). Waterview Estates, L.P. and
Woodhaven Homes, L.P. have applied for a five-year- municipal property tax abatement under the
NEZ Tax Abatement Policy and Basic Incentives (M&C G-14947), as amended. The NEZ Program
offers a five-year municipal property tax abatement on the increased value of improvements to the
qualified owner of any new construction within a NEZ. The Housing Department has reviewed the
application and certified that the property meets the eligibility criteria to receive NEZ municipal
property tax abatement.
Waterview Estates, L.P., and Woodhaven Homes, L.P., will invest a minimum of$15,200,000.00 to
construct 118 single-family homes in the Lake Arlington NEZ. In order for Woodhaven Homes, L.P.,
or any other developer or builder approved by the City Manager or his designee to qualify for the tax
abatement, they must construct homes with a minimum of 1200 square feet of living space with at
least three bedrooms, one and one-half baths and 70% mortared brick which will appraise for a
minimum of$100,000.00. A more detailed description of the homes to be constructed and sample
drawings are attached as Exhibit "B". The Agreement is attached as Exhibit "C".
http://apps.cfwne,t.org/council_packet/mc review.asp?ID=8145&councildate=l1/6/2007 05/19/2009
.M&L Review Page 2 of.i
Upon execution of the tax abatement agreement, the total assessed value of each home used for
calculating municipal property tax will be frozen for a five-year period, starting on the date the home is
sold to a homebuyer to be used as a primary residence, at the pre-improvement value as defined by
the Tarrant Appraisal District (TAD) on January 1, 2007, as follows:
Pre-improvement TAD Value of Improvements $ 0.00
Pre-improvement Estimated Value of Land $2,025.00
Total Pre-improvement Estimated Value $ 2025.00
The municipal property tax on the improved value is estimated at $550.00 per house, per year, for a
total of
$2,750.00 over the five-year period for each house. However, this estimate may be different from the
actual tax abatement value, which will be calculated based on the TAD appraised value of the
property.
The tax abatement agreement provides that the agreement may be assigned without subsequent City
Council approval to Woodhaven Homes, L.P., or another builder approved by the City Manager or his
designee or the developer's first mortgage, or to a homebuyer who will use the required
improvements as his/her primary residence, or to the homeowner's mortgagee. All other
assignments must be approved by City Council. The agreement also provides that the failure of the
owner to send the City notification of the sale of the required improvements and the executed
assignment of the agreement with the new owner within 30 days of the transfer of ownership of the
required improvements shall result in the automatic termination of the Agreement.
This property is located in COUNCIL DISTRICT 5.
FISCAL INFORMATION XERTIFICATION:
The Finance Director certifies that this action will have no material effect on City funds.
TO IE°und/AccountlCenters FROM Fun d/Account/C enters
Submitted for City Manager's Office by_ Dale Fisseler (6140)
Originating Department Head: Jerome Walker (7537)
Additional Information Contact: Sarah Odle (7316)
ATTACHMENTS
Continued Exhibit B for M&C. df
Exhibit A for M&C.As
Exhibit B for M&C.doc
http://apps.cfwnet.org/council_packet/mc_review.asp?ID=8145&councildate=l l/6/2007 05/19/2009
.M&U review rage j or 3
Final TA Agreement for M&C.doc
Location Ma_p_for M&C.pdf
http://apps.cfwnet.org/council_packet/me—review.asp?ID=8145&councildate=l 1/b/2007 05/19/2009
WATERFRONT AT ENCHANTED BAY
PHASE IA
David Strickland Survey, Abstract No. 1376
City of Fort Worth, Tarrant County,Texas
Filed in Cabinet A, Slide No.11723, Plat Records,Tarrant Co., Texas on 02/23/07
I ,EZ"Cart: # ' . Bibdk Lat . - ,SVb6t_Addr6as SubdiwiSiGH jAbatennents
LA-C-0001-001 1 1 56411 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-002 1 2 5637 Grenada Drive Waterfront At Enchanted Bay . Tax Abatement
LA-C-0001-003 1 4 5629 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-004 1 6 5621 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-005 1 7 5617 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-006 1 9 56091 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-007 1 10 5605 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-008 1 11 5601 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-009 1 12 5549 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-010 1 13 5545 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-011 1 14 156411 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-012 1 15 55371 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-013 1 16 5533 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-014 1 17 5529 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-015 1 18 5525 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-016 1 21 5513 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-017 1 22 55091 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-018 1 26 5441 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-019 1 27 5437 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-020 1 1 28 5429 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-021 1 29 5425 Grenada Drive Waterfront At Enchanted Ba Tax Abatement
LA-C-0001-022 1 30 54211 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-023 1 31 5417 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-024 1 33 5409 Grenada Drive Waterfront At Enchanted'Bay Tax Abatement
LA-C-0001-025 1 35 5401 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-026 1 37 5365 Grenada Drive Waterfront At Enchanted Ba Tax Abatement
LA-C-0001-027 2 1 56401 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-028 2 2 56361 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-029 2 3 56281 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-030 2 1 4 58081 Grenada Court Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-031 2 1 5 58041 Grenada Court Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-032 2 1 6 58001 Grenada Court Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-033 2 1 7 5801 Grenada Court Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-034 2 8 5805 Grenada Court Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-035 2 9 5809 Grenada Court Waterfront At Enchanted Ba Tax Abatement
LA-C-0001-036 2 10 5813 Grenada Court Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-037 2 11 56201 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-038 2 12 56161 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-039 2 13 56121 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-040 2 14 56081 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-041 2 15 56041 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-042 2 16 5600 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-043 2 17 5572 Thunder Bay Dr. Waterfront At Enchanted Ba Tax Abatement
LA-C-0001-044 2 18 5568 Thunder BayDr, Waterfront At Enchanted Bay jTax Abatement
Page 1 of 3
WATERFRONT AT ENCHANTED BAY
PHASE 1A
David Strickland Survey, Abstract No. 1376
City of Fort Worth,Tarrant County,Texas
Filed in Cabinet A, Slide No.11723, Plat Records,Tarrant Co., Texas on 02/23/07
-14teC;ert_ Jr Block Lot . - trbi ot-Address I Suiadivisidn }Aba#ern6nts
L4-C-0001-045 2 19 5564 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-046 2 20 5560 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-047 2 21 5556 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA C-0001-048 2 22 5552 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-049 2 23 55481 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-050 2 24 5544 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-051 2 25 5540 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-052 2 26 5536 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-053 2 27 5532 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-054 2 28 55281 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-055 2 29 5524 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-056 2 30 5516 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-057 3 1 5621 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-058 3 2 5617 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement,
LA-C-0001-059 3 3 166131 Thunder Bay De. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-060 3 4 56091 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-061 3 5 5601 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-062 3 6 5561 Thunder'Say Dr, Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-063 3 7 5553 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-064 3 8 5549 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-065 3 9 5545 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-066 3 10 5541 Thunder Ba Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-067 3 11 5537 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-068 3 12 5533 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-069 3 13 5529 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-070 3 14 5525 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-071 3 15 5521 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-072 3 16 5517 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-073 3 17 5513 Thunder Bay or. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-074 3 18 5509 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-0-0001-075 3 19 5505 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-076 3 20' 5501 Thunder Bay Dr. Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-077 3 21 5424 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-078 3 22 5428 Grenada Drive Waterfront At Enchanted Ba Tax Abatement
LA-C-0001-079 3 1 23 5432 Grenada Drive Waterfront At Enchanted Ba Tax Abatement
LA-C-0001-080 3 24 5436 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-081 3 25 54401 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-082 3 26 54441 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-083 3 27 5448 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-084 3 1 28 5500 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-085 3 29 5504 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-086 3 30 5508 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-087 3 31 55121 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-088 3 32 5516 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-089 3 33 5520 Grenada Drive lWaterfront At Enchanted Bay Tax Abatement
LA-C-0001-090 3 34 5524 Grenada Drive lWaterfront At Enchanted Bay Tax Abatement
Page 2 of 3
WATERFRONT AT ENCHANTED SAY
PHASE IA
David Strickland Survey, Abstract No. 1376
City of Fort Worth,Tarrant County, Texas
Filed in Cabinet A, Slide No.11723, Plat Records Tarrant Co.,Texas on 02/23/07
E Gent. 9. Biook Lot
r•._. Peet,A Subdivision AbaCe`rhe'hi
LA-C-0001-091 3 35 55281 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-092 3 36 55321 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-093 4 32 57481 Maui Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-094 4 33 5752 Maui Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-095 5 9 5749 Maui Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-096 5 10 5753 Maui Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-097 5 11 5801 Maui Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-098 5 12 58051 Maui Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-099 5 13 5809 Maui Drive- Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-1.00 5 14 5813 Maui Drive Waterfront At Enchanted Bay Tax Abe-cement
LA-C-0001-101 5 15 5817 Maui Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-102 5 16 5821 Maui Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-103 5 17 54281 Saba Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-104 5 18 5424 Saba Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-105 5 19 5420 Saba Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-106 5 1 20 5416 Saba Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-107 5 21 5412 Saba Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-108 5 22 54081 Saba Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-109 5 23 5404 Saba Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-110 5 24 5400 Saba Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-111 6 12 5361 Saba Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-112 6 13 5365 Saba Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0.001-113 6 14 53691 Saba Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-114 6 15 5373 Saba Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-115 6 16 5368 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-116 6 17 5364 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-117 6 18 5360 Grenada Drive Waterfront At Enchanted Bay Tax Abatement
LA-C-0001-118 6 19 53561 Grenada Drive Waterfront At Enchanted Bay ITax Abatement
LA-C-7000'1 1 38 5361 Grenada Drive Waterfront At Encharite€i Ba No Abatement
LA7_C=0.00:1.,: 1 39 5357 Grenada Drive Waterfront-'At Enchanted Bay No Abatement
LA=C-0001 1 3615369 Grenada Drive Waterfront At Enchanted Bay No'Abatement
LAIC-OQOI 1 34 5405 Grenada Drive Waterfront At Enchanted Bay No.Abate'ment
LPi�G=000.- 1 "32 54131 Grenada Drive Waterfront-At Enchanted Bay No Abaterent
LA-C_0001 '1 23' 5505 Grer!ada Drive- Waterfront At Enchanted Bay No,Ab.aternent
LA-0-0061 1 24 5501 Grenada Drive . Waterfront At Eni chanted Bay No Abatement
I.A=G=000 1 25' 5445 Grenada Drive Waterfront At Enchanted Bay N0 'Abatem ent
LAIC-000'C 1 19'1.5521 Grenada"Drive Waterfront At Enchan ad Bay No Abe ttmen.t
LA=C=000'1 1 20 55171 Grenada Drive Waterfront At Enchanted Bay No Abatement:
LA-C-000f- 1 '8 56fi3 Gre-ndda Drive Waterf t6ri t At Enchani etl Ba No Abat4merit-.
LA-C-0001. ;. 1�. 5 5625`Grenada Drive +Niterfront At Enchanted.Bay No Abatemdnt. .
LArC-0001 `"1 3'::'.60 3 .Grenada Drive. Waterfront At Enchanted gay No Abatement.
Page 3 of 3
Sendera Title GF## 117010-INTJ
AFTER RECORDING RETURN TO:
Regenna L. Crane and Jack A. Crane
5800 Grenada Drive
Fort Worth, Texas 76119
SPECIAL WARRANTY DEED WITH VENDOR'S LIEN
NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON,
YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING
INFORMATION FROM ANY INSTRUMENT THAT TRANSFERS AN INTEREST IN
REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS:
YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER.
Date: April 13, 2011
Grantor: First National Bank
Grantor's Mailing Address: 2010 N. Hampton Road, Desoto, Texas 75115
Grantee: Regeina L. Crane and husband, Jack A. Crane,
Grantee's Mailing Address: 5800 Grenada Drive, Fort Worth, Texas 76119
Consideration: Cash and a note of even date executed by Grantee and payable to the order of
Mortgage Electronic Registration Systems, Inc., solely as nominee for J & M Mortgage
Brokers LTD DBA Mortgages USA in the principal amount of Two Hundred Eighteen
Thousand Eight Hundred Fifty Six and No1100 Dollars ($218,856.00). The note is secured
by a first and superior vendor's lien and superior title retained in this deed and by a Deed of Trust
of even date from Grantee to Gregory S. Graham,Trustee.
Property (including any improvements): LOT 6, BLOCK 2, OF WATERFRONT AT
ENCHANTED BAY, AN ADDITION TO THE CITY OF FORT WORTH, TARRANT
COUNTY, TEXAS, ACCORDING TO THE PLAT RECORDED IN CABINET A, SLIDE
11723, OF THE PLAT RECORDS OF TARRANT COUNTY, TEXAS.
Reservations from Conveyance: None
-1-
Exceptions to Conveyance and Warranty: Liens described as part of the Consideration and
any other liens described in this deed as being either assumed by Grantee or subject to which title
is taken by Grantee; validly existing restrictive covenants common to the platted subdivision in
which the Property is located; standby fees, taxes, and assessments by any taxing authority for
the year 2011 and subsequent years; validly existing utility easements created by the dedication
deed or plat of the subdivision in which the Property is located; validly existing reservations or
exceptions approved in writing by Grantee and described in Schedule B of the Owner Policy for
Title Insurance issued to Grantee as part of this. transaction; any discrepancies, conflicts, or
shortages in area or boundary lines, or any encroachments or protrusions, or any overlapping of
improvements; homestead or community property or survivorship rights, if any, of any spouse of
Grantee; and any validly existing titles or rights asserted by anyone, including but not limited to
persons, the public, corporations, governments, or other entities, to (a) tidelands or lands
comprising the shores or beds of navigable or perennial rivers and streams, lakes, bays, gulfs, or
oceans, (b) lands beyond the line of the harbor or bulkhead lines as established or changed by
any government, (c) filled-in lands or artificial islands, (d) statutory water rights, including
riparian rights, or (e) the area extending from the line of mean low tide to the line of vegetation
or the right of access to that area or easement along and across that area.
Grantor, for the Consideration and subject to the Reservations from Conveyance and the
Exceptions to Conveyance and Warranty, grants, sells, and conveys to Grantee the Property,
together with all and singular the rights and appurtenances thereto in any way belonging, to have
and to hold it to Grantee and Grantee's successors and assigns forever. Grantor binds Grantor
and Grantor's successors and assigns against every person whomsoever lawfully claiming or to
claim the same or any part thereof when the claim is by, through, or under Grantor but not
otherwise, except as to the Reservations from Conveyance and the Exceptions to Conveyance
and Warranty.
It is expressly agreed that the Vendor's Lien, as well as Superior Title in and to the
Property, is retained against the Property until the Note and all interest thereon is fully paid
according to the face, tenor, effect and reading thereof, when this Deed shall become absolute.
Lender, at the instance and request of the Grantee, has advanced and paid in cash to the Grantor
that portion of the purchase price of the Property evidenced by the Note, and as such, the
Vendor's Lien, together with the Superior Title to the Property, is retained herein, but only to the
extent of the purchase price of the Property, for the benefit of Lender and the same are hereby
transferred and assigned to Lender, its successors and assigns.
When the context requires, singular nouns and pronouns include the plural.
[SIGNATURE APPEARS ON FOLLOWING PAGE]
-2-
Grantor:
First National Bank
O
Name., M. CCa�rr�� C
Title:
STATE OF TEXAS
CQ[T�+J'.i'•Sf OFV � §
This instn=eut was acknowled eLO d before me on_ 1 � 2011,
b M
Y - . - 'Y KcCarth Y, nfFiist Natiaxd Bank, on behalf of
said bank.
GAN
a, � Notary Publk Sty Of Taw` Notw7 P bhc, State flfTexas
y � inmis�ir►n Expires
02-27-2012
-3-
- .._..... ......; -.................._....... _ ...................--.. - .................... ........._....... .......
---No ...-. .- =eels irt�talk—._..-.._..............................
FNB LOAN 2LO,�42,2007 3
Date: January L,2011
Subsfitate Timstee: Kyle Burton - "^' V
Mortgagee: First National Bank,a national banking association ! CI w'r "-
Note: Note dated April 14,2008,in the amount of$210,087.69 �� •.�
rrric)
Deed of Trust Secowity Agreement-Financing Statement C93ced of Trust") c
rl
r ;S k
Date: April 14,,2008 r
Grantor: Woodhaven Custom Hornet,LLC,a Texaa limited liability company
Trustee: M.V.McCarthy
Mortgagee: First National Bank,a national banking association
Recording irnforrnationt Instrument No,D208147239,Cfflatal Records of Real
Properly,Tarrant County,Texas
Property Lot 6,Block 2,of WATE"RONT AT SNCHANTB,9 BAY,an Addition to the
City of Fort Worth,Tarrant Counter,Texas,according to the Plea thereof recorded in Cabinet A,
Slide 11723,of the Plat Records of Tarrant County,Texas,including all personal property
secured by the security agreement included in the Deed of Trust,
County: Tarrant County,Texas
Trustee's/Substitute Trustee's Name: Kyle Burton
Trustee's/Substitute Trustee's Address: First National Bank#442
8541 Femdale Rd.
Dallas,Texas 75238
Date of Sub(first Tuesday of month): February 1,2011
Time of Sale: 10:00 a.m.
Place of Sale:The base of the Courthouse steps..on the out side of tho•Tamest County
Courthouse, lO0 W. Weatherford, Ft. Worth, Texas 76196, or m dwipated by
the Turant County Commissioners
1
Mortgagee-has appointed Xylia Bmton as Substituto T msteo under the Dead of Trust.
Mortgagee has instmoted Substitute`ixatee to offer the Proporty for sale toward the satisfaction
of the Note.
Notice is gives the on the Date of Sale,Substitute Twetea will offer the Proper foraale
at public auction at the.Place of Sale,to the highest biddy for cob,"AS W. THBRB WHL BE
NO WARRAM—X RELATING TO TITLE, POSSUSSK)N, QUMT ENJOY, Olt TFM
LUM FOR TBE PERSONAL PROPERTY IN TMS )DISPOSMON. The earliest time the sale
will occurris the Time of Sale,and the sale will be conducted no
later than three homy thereafter.
r
T�. I® Su stitute T'�usteo --
2
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...........__.m___fi'1�1BLnaallo:42420D783
EMMIT"C"
Affidavit of Substitute Trusted
STATE OF TEXAS )
COUNTY OF DALLAS )
Kyle Burton appeared in person before me today and stated under oath:
"My name is Kyle Burton. I am competent to make this affidavik The facts stated in this
affidavit are within my personal knowledge and am true and correot.
Under the direction of First National Bank,the legal holder of the Deed of Trust Security
Agreement-Financing Statement ("Deed of Trust') dated April 14, 2008, from Woodhaven
Custom Homes,LLC, a Texas limited liability company to Michael V.McCarthy,Trustee,filed
for record under Instrument No. D208147239, Official Records of Real Property, Tarrant
County, Texas securing a promissory note in the original principal amount of $210,087.69
payable to the order of First National Bank and other obligations therein described,at a time not
earlier than the time set forth in the notice of foreclosure sale and beginning not later than three
hours thereafter,I did conduct the foreclosure sale.The foreclosure sale occurred in the area of
the courthouse designated by the commissioners'court in the real property records.
To the best of my knowledge and belief,the Grantor of the Deed of Trust property was
not a debtor in a pending bankruptcy proceeding at the time a foreclosure.
,r
Kyl rton
SUBSCRIBED AND SWORN TO befo a me on t8. " �`2011 by Kyle
Burton.
.�•�: ADRlE�1NE 87H REESE
fi Notsrl Pub%
pt •`tt
SIATF,pEs otary Public,State of Texas
Color.Ex .05-10.2014
' f Page 1 of 3
- NOTYC]E OF CQ�I�NTLaiLI�•�RIG�'I'S: 1� YOI] ARE A NATURAL PERSON, .. • .
. INFORMATION 1�"RDM ANYIT�STRUN>[El'TT THAT TRAI�SFERS'AN Il�ITEREST Il� .
REAL PROPERTY,BEFORE IT IS]FILED FOR RECORD IN THE PUBLIC:RECORDS:
YOUR SOCYAJ.�SE,CURIU NUMME.R OR YOUR DRIVER'S LICENSE NUlbAUL
FNB Loan No.424200783
Aggointment of GRbstitute Trustee
Date: January 2011
Borrower: Woodhaven Custom Homes,LLC,a Texas limited liability company
Borrower's Address:
Woodhaven Custom Homes,LLC
1221 N.1-35 E,Suite.200
Carrollton,Texas 75006
Mortgagee: First National Bank,a national banking association
-.s
Mortgagee's Address: v
First National Bank
P.Q.Box 8101100 W.Cano -c .:�.
Edinburg,TX.78540 r�
Hidalgo-County,Texas
wi
Substitute Trustee: Kyle Burton
Substitute Trustee's Address:
First National Bank'#42"
8541 Ferndale Rd.. .
T]al I s,Texas•7523$.
De4of Trust Security Agreement-Financing Stateir:ent("Deed of Trust")-
Date: April 14,2008
Grantor: Woodhaven Custom Homes,LLC,a Texas limited liability company
Mortgagee: First National Bank,a national banking association
1
insUuru ent No..U208147239,•Official Records of.Re�l.
ty.;Tanmt
Property: Lot C,Block 2,of WATERFRONT AT ENCHANTED BAY,an Addition to the
City of Fort Worih,Taut County,Texas,according to the Plat thmof recorded in Cabinet A.
Slide 11723,of the Plat Records of Tarrant County,Texas,including all personal property
secured by the secufity agreement included in the Deed of Trust: ' -
The Deed of Trust allows Mortgagee to remove the trustee and appoint a substitute trustee.
Mortgagee removes the present trustee'and appoints Substitute Trustee as the trustee wader the
Deed of Trust. Mortgagee directs Substitute Trustee to foreclose the lien of the Deed of Trust in
accordance with its terms and the laws of the state of Texas,
First National Bank,a national banking association,
Mark Hall,RegionAl President
STATE OF TEXAS
COUNTY OF DALLAS )
This instrument was acknowledged before me on 6L 291 by Mark
Hall,Regional President of First National Bank,a national banking s ciation,for and on behalf
of said association. •
, y K1N[ a WALKERNotary Public,State of Texas
a
Notary Public
1ie
STATE DF TEXAS
AFTER RECORDING:RETURN TO:
'Wikener•is Nunnally n Gold„LLP
ATTN: Michael Roth
625 W.Ccntm lle Rd.,Suite 110
Garland,Texas 75041
2
rage s or ;a
MARY LOUISE-GARCiA
COUNTY—CLERK
100 West Weatherford Dart Worth,TX 76196-0401
L70
PHONE(817)884-1196
IMSENER NUNNALLY GOLD LLP
AT MICHAEL ROTH
625 W CENTERVILLE RD STE 110
GARLAND,TX 75041
Submifter WISENER NUMNALLY COLD
LLP
DO NOT DESM. Of
W A"NI
Filed For RegIstfatlaw 1 f712011 10:.04 AM
Instrument 0211005208
TRD 3 PGS $20.00
By:
D211005208
ANY PROVISION WHICH RESTRICTS THE SALE,RENTAL OR USE or THE DESCRIBED REAL PROPERTY
BECAUSE OF COLOR OR RACE IS INVALID AND UNENFORCEABLE UNDER FEDERAL LAW.
Prepared by, CAWDOOCK