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CONTRACT NO,
ASSIGNMENT OF TAX ABATEMENT AGREEMENT
This Assignment of Tax Abatement Agree is made and entered into by and
between Ridglea Place, L.P. ("Assignor") and Holly E. Aguilar,. ("Assignee")
and the City of Fort Worth, ("City")
RECITALS
A. Ridglea Place, L.P. ("Ridglea") and the City of Fort Worth, Texas (the "City")
entered into that certain Tax Abatement Agreement ("Agreement") for Property
Located 6053 Portrush Drive, Lot 48, Block 1 R, Ridglea Place, Fort Worth, Texas
76116 ("Property") which is located in the Ridglea Village and Como
Neighborhood Empowerment Zone, such Agreement approved by the City
Council of Fort Worth November 18, 2003 City Secretary Contract Number
("Agreement") :
B. 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:
C. Pursuant to that certain Special Warranty Deed dated as of June 2, 2010, Assignor
conveyed the Property to Holly E. Aguilar, 1 ind Assignee acquired title
to the real property which is the subject of the Agreement.
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,
1. Assi ent. 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 June 2, 2010 ("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 Assignor. Except as otherwise expressly set forth in this
Assignment, Assignor will be discharged from any and all further obligations under
06-1�-1 0 A11 �42 I IJ
1
OFFICIAL RECORD
CITY SECRETARY
FT WORTH, TX
the Agreement as of the Effective Date. Assignor must surrender the Property to
the Assignee on or before 11 *59 p. in. 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 and Economic Development Department
Neighborhood Empowerment Zone (NEZ)
1000 Throckmorton
Fort Worth, Texas 76102
A_ _S_S_IGNEE:
`Holly E. Aguilar
Property address 6053 Portrush Drive
Fort Worth, Texas 76116
ASSIGNOR:
Michael Vick, President
Boulevard Builders, LLC
General Partner for Ridglea Place, LP
4809 Cole Avenue Suite 345
Dallas, Texas 75205
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. ---
OFFICIAL RE(.m+'. RD
CITY SECRFII o, `Y
2 FT WORTi„, rx i
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: Ridglea Place, L.P.
Boulevard Builders, LLC
rknPrmal Parinc for Ridglea Place, LP
t7e=:e: : ..._..
ASSIGNEE:
Name: Holly E.
CITY OF FORT WORTH
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
3
. ,
�G T.M. Higgins
Assistant City Manager
ATTEST:
APPROVED AS TO FORM AND LEGALITY:
Charlene Sanders
Assistant City Attorney
M & C: C-22331
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:T
STATE OF TEXAS §
COUNTY OF TARRANT §
BEFORE ME, the undersigned authority, on this day personally appeared T.M.
Higgins, 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 he 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 he 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
2010.
r
Nota Public in and for
the State of Texas
,..lY Iffi
:;u,:SnX. ey,�,; MARIA 5. SANCHEZ
MY COMMISSION EXPIRES
December 14, 2013
OFFICIAL REC®RD
CITY SECRETARY
FT WORTH, TX
5
STATE OF TEXAS §
COUNTY OF TARRANT §
BEFORE ME, the undersigned authority, on this day personally appeared K e Lovelady,
Manager of Boulevard Builders, LLC, General Partner for Ridglea Place, L.P., 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 Ridglea Place, L.P.
UNDER MY HAND AND SEAL OF OFFICE this day of
Notary PuB� in and for
the State of Texas
RY p
SUSAN P LAWLEA Notary Public
9� OF C�{� M STATE OF: TExAS
Y Corpm_ Exp_ 0311412012
STATE OF TEXAS § � � C�'
OUNTY OF TARRANT § lU4 OA I CW
BEFORE ME, the undersigned authority, on this day personally appeared urchaser,
known to me to be the person whose name is subscribed to the foregoing inst ment, and
acknowledged to me that he executed the same for the purposes and consideration therein
expressed, in the capacity therein stated.
UNDER MY HAND AND SEAL OF OFFICE this day of
2010.
Notary Public in and for
the State of Texas
LAWLEF,
SUS Notary Public
STATE of 031J412012
MY Comm- FxP-��
OFFICIAL RECOR[�
CITY SECRETgRX
F7 WORTH, TX
0
f;(_}Mr�/N}' Vs sasbItY bna; obis is a true and
correct copy of the on anal here.
Fib ALDALIB-AT0000025373 5PL of, as filed for cord.
SPECIAL WARRANTY DEED Alamo 1 Com ny
WITH VENDOR'S LIEN By
OTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, WU
IAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION
ROM ANY INSTRUMENT THAT TRANSFERS AN INTEREST IN REAL PROPERTY
EFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL
ECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER,
ate: JUNE 2, 2010
rancor: BOULEVARD BUILDERS/RIDGLEA PLACE, L.P., A TEXAS LIMITED PARTNERSHIP
raptorIs Mailing Address: 4809 COLE AVE., #345, DALLAS, TEXAS 75205
rantee: HOLLY E. AGUILAR, A SINGLE PERSON
ranfee's Mailing Address: 4950 OVERTON WOODS COURT, FORT WORTH, TEXAS 76109
�nsideration: TEN AND NO/100-------($10.00}_______DOLLARS and other goad and valuable
msiderationI the receipt och is hereby acknowledged and confessed;
YD THE FURTHER CONSIDERATION OF THE EXECUTION ANQ DELIVERY of a Note of even date
at is in the principal amount of $50,000.00 executed by Grantee, payable to the order of RIVERBEND
%NK. The Note is secured by a Vendor's Lien retained in favor of RIVERBEND BANK in this Deed and
a Deed of Trust of even date from Grantee to GEORGE P. CHAGGARIS, TRUSTEE(S).
operty (including any imgrovementsl: -
)T 48, BLOCK 1R, RIDGLEA PLACE, AN ADDITION TO THE CITY OF FORT WORTH, TARRANT
AUNTY, TEXAS, ACCORDING TO THE REVISED PLAT THEREOF RECORDED IN CABINET A, SLIDE
38, PLAT RECORDS OF TARRANT COUNTY, TEXAS.
�servations from and Exceptions to Conveyance and Warranty:
IIS CONVEYANCE IS EXECUTED, DELIVERED AND ACCEPTED SUBJECT TO AD VALOREM TAXES
)R THE CURRENT YEAR, ROLLBACK TAXES DUE TO THIS CONVEYANCE OR GRANTEE'S USE OF
IE SUBJECT PROPERTY, MAINTENANCE FUND LIENS, ZONING ORDINANCES, UTILITY DISTRICT
SESSMENTS AND STANDBY FEES, IF ANY, ANY AND ALL VALID UTILITY EASEMENTS CREATED
THE DEDICATION DEED OR PLAT OF THE SUBDIVISION IN WHICH SAID REAL PROPERTY IS
�CATED, RECORDED EASEMENTS, MINERAL RESERVATIONS AND LEASES, RESTRICTIONS,
)VENANTS, CONDITIONS, RIGHTS OF WAY EASEMENTS, IF ANY, AFFECTING THE HEREIN - -'
:SCRIBED PROPERTY BUT ONLY TO THE EXTENT THE SAME ARE VALID AND SUBSISTING
FICIAL RECORD
CRETARY
antor, for the consideration and subject to the Reservations from and Exceptions to Conveyance and _ RTI-I TX
irranty, grants, sells, and conveys to Grantee the property, together with all and singular the rights and
Durtenances thereto in any wise belonging, to have and hold it to Grantee, Grantee's heirs, executors, -
nmistrators, successors, or assigns forever. Grantor hereby binds Grantor and Grantor's heirs,
�e said Vendor's Lien and Superior Title herein retained are hereby transferred, assigned, sold and
mveyed to RIVERBEND BANK, its successors and assigns, or heirs and assigns, as appropriate, the
iyee named in said Note, without recourse on Grantor,
hen the context requires, singular nouns and pronouns include the plural.
BOULEVARD BUILDERS/RIDGLEA PLACE, L.P.(
BY: BOULEVARD BUILDERS, LLC, ITS GENERAL
PARTNER
BY:
DON LOV
(Acknowledgment)
MANAGER
LINTY OF ( A�IVT`
6j
is Instrument was acknowledged before me on the day of '✓ ��_ by
)N LOVELADY, MANAGER OF BOULEVARD BUILDERS, LLC, GENERAL PARTNER OF
)ULEVARD BUILDERS/RID I E, L.P., A TEXAS LIMITED PARTNERSHIP ON BEHALF OF
eID LIMIT �USAN p LANNL'ER
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03114I2012
•:;�._._� ems;
Notatp-Pfiblic, Slate of Texas
Notary's Name (printed):
Notary's commission expires:
NICE: This document affects your legal rights.
TER RECORDING RETURN T0:
ILLY E. AGUILAR, A SINGLE PERSON
S0 OVERTON WOODS COURT
RT WORTH, TEXAS 76109
Read it carefully before signing.
PREPARED IN THE LAW OFFICE OF
BEADLES, NEWMAN &LAWLER
A PROFESSIONAL CORPORATION
ATTORNEYS AT LAW
3500 HULEN STREET
FORT WORTH, TEXAS 76107