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HomeMy WebLinkAboutContract 44858 (2)� ��i . _.'KE �;. �- r� - PURCHAS� AND SAL� AGREEMENT This Purchase and Sale Agreeinent ("Agreement") is made and entered into on the day hereinafter written by and between the City of Fort Worth, a home rule municipal corporation of the State of Texas ("Seller") and Columbia Plaza Medical Center of Foi-t Worth Subsidiary, L.P., a Texas limited partnership ("Purchaser"): WITN�SSETH: 1. The Agreement. For good and valuable consideration set forth below, Sellei• agrees to sell and convey to Purchaser and Purchaser agrees to purchase and accept conveyance of the Property, as herein defined, under the terms and conditions herein set forth. 2. Property. The property which is the subject inatter of this Agreement consists of the following ("Property"): 2.345 acres of land, composed of a 0.799 acre tract, a 0.739 acre tract and a 1.538 acre tract located in the George Shields Survey, Abstract No. 1402, Tarrant County, Texas as shown on Exhibit "A" attached hereto and all unprovements thereon, and all rights and appui�tenances pertaining thereto including, all right, title and interest, if any, of Seller in and to any land in the bed of any street, road or highway, open or proposed, in fi•ont of or adjoining the Propei-ty across or adjacent to the Property or abandoned, any unpaid award or damage to the Property by reason of changes of grade on any street, road or highway and any reversionaiy right attributable thereto. Provided, however, that Seller shall retain a water line easeinent for Seller's facilities. 3. Consideration. The consideration for the sale of the Property to Purchaser is Purchaser's sale to Seller of a 1.927 acre tract of land out of the George Shields Survey, Abstract No. 1402, Tarrant County, Texas ("Exchange Property") pursuant to a Purchase and Sale Purchase a1�d Sale Agt•eement — COFW to Colu�nbia Plaza Medical Page 1 of 14 (�;CCEI���D S�P 2� �di� a Agreement of even date herewith between Seller and Purchaser ("Exchange Contract"). A default under the Exchange Contract will be deemed a default under this Agreement. 4. Seller's Title and Survey Within twenty (20) days after the effective date of this Agreement, Purchaser will obtain: (a) A commitment for title insurance ("Commitment") issued by Rattikin Title Company, 201 Main Street, Suite 800, Fort Worth, Texas 76102, Attention: Lan�y Townsend ("Title Company") pursuant to which the Title Company agrees to issue and owner policy of title insurance ("Policy"} to purchaser on the Texas standard form insuring good and indefeasible title to the Property in Purchaser, in the amount of $1,468,952.10 subject only to those matters approved by Purchaser pursuant to this paragraph and such other matters waived by Purchaser in writing; (b) A cui�rent swvey plat ("Survey) of the Property based upon an on the ground survey made by Weir & Associates, Inc. ("Surveyor") showing all streets, roads, flood plains, rights of way, any encroachments, all improvements and a sutveyor's certificate, all in form acceptable to Purchaser and the Title Company, and otherwise conforming to a Category 1 A: Land Title Survey as adopted by the Texas Society of Professional Surveyors. Within twenty (20) days after receipt of the Commitment and Survey, Purchaser will notify Seller, in writing, of any objections to title to the Property revealed thereby, all other matters set forth therein being deemed approved by Purchaser. Provided Seller is not required to incur any cost, Seller will endeavor to remove or cure said objections within ten (10) days after receipt of said notice and have them deleted from the Commitment or Survey, or otherwise to Purchaser's satisfaction. If on or before the expiration of said ten (10) day period Selier has not removed or cured said objections, Purchaser may elect: (i) to cancel this Agreement and the Exchange Contract; or (ii) waive said objections and accept conveyance of the Property and issuance of the Policy subject thereto. 5. Seller Disclaimers. The Property is being sold by Seller to Purchaser on an "AS IS, WHERE IS" BASIS ONLY, WITHOUT REPRESENTATIONS OR WARRANTIES, EXPRESS OR IMPLIED, OR DISCLOSURES REQUIRED BY LAW, ALL OF WHICH Purchase and Sale Agreement — COFW to Columbia Plaza Medical Page 2 of I4 BEING HEREBY WAIVED, AS TO THE CONDITION, FITNESS, MERCHANTABILITY OR HABITABILITY THEREOF OR AS TO USE FOR A PARTICULAR PURPOSE OR COMPLIANCE WITH ANY LOCAL, STATE OR FEDERAL ORDINANCES, REGULATIONS, STATUTES OR OTHER LAWS, INCLUDING, WITHOUT LIMITATION, ENVIRONMENTAL LAWS AND REGULATIONS OR ANY RESTRICTNE COVENANTS, and for purposes of evaluating these aspects of the Property not warranted by Seller, Purchaser is relying solely upon its right to inspect the Property, including, without limitation, the condition of the surface and subsurface. Seller will have no liability to Purchaser with respect to the condition of the Propei-ty and PURCHASER WAIVES ANY AND ALL CLAIMS OR CAUSES OF ACTiON AGAINST SELLER arising therefrom the future. Seller and Purchaser acknowledge that this basis upon which Property is being sold was a material factor in their agreement on the tet�rns and conditions of the Exchange Contract. Purchaser agrees to reconfirm the provisions of this paragraph in the special warranty deed from Seller to Purchaser delivered at Closing as provided below. 6. Closing. The "Closing" under this Agreement will taice place in the offices of the f� Title Company on a date agreed upon by the parties, but in no event later than ��� ` 20�3," ���� At the Closing and subject to the other terms and provisions of this Agreement: (a) Seller �vill execute and deliver a Special Warranty Deed in the form attached hereto as Exhibit "B" conveying to Purchaser good and indefeasible fee simple title (or such lesser estate owned by Seller) to the Property free and clear of any and all liens, restrictions, easements and other encumbrances and title exceptions, except those approved by Purchaser pursuant to Paragraph 4 above, a water line easement and sanitary sewer easement for Seller's existing facilities on the Property, and such other matters waived by Purchaser in writing; and . (b) Purchaser will cause the Title Company to issue the Policy, containing no exceptions for liens, restrictive covenants, easements, encumbrances or other title exceptions, except those matters approved by Purchaser pursuant to Paragraph 4 Purchase and Sale Agreement - COFW to Columbia Plaza Medzcal Page 3 of 14 above, the necessary easements for Seller's facilities on the Property, and such other matters waived by Purchaser in writing. (c) Purchaser will execute and deliver to Seller (i) a Permanent Slope Easement in the form attached hereto as Exhibit "C," and (ii) a Right-of-Way "Slip" Easement in the form attached hereto as Exhibit "D." Simultaneously, with the Closing Seller and Purchaser will close on the sale of the Exchange Property under the Exchange Contract which closing will be a condition precedent to Seller and Purchaser closing under this Agreement 7. Prorations. All taxes, general and special, and all assessments, inciuding school, municipal and all other taxes whatsoever will be adjusted (or prorated) in connection with the Property at the Closing with an effective adjustment (or proration) date being as of the date of such Closing. In the event taxes for the cun•ent year are computed and prorated at the Closing on the basis of an estimate using taxes for the immediately preceding year, and taxes for the current year are different, final adjustments between the parties will be made when tax statements become available.: 8. Closing Costs. Seller agrees to pay for: (a). All charges for t� certificates; (b) All charges for the preparation of the recording of any instruments required to clear Seller's title for conveyance of the Property in accordance with the provisions of this Agreement; (c) Seller's attorneys' fees; and (d) One-half (1/2) of the escrow fees charged by Title Company. Purchaser agrees to pay for: (a) The cost of the Policy and Survey; (b) Purchaser's attorneys' fees; and (c) One-half (1/2) of the escrow fees charged by Title Company. Puf�chase and Sale Agt�eement — COFW to Colurnbia Plaza Medical Page 4 of 14 AlI other costs, charges and expenses in connection with the Closing will be allocated between Purchaser and Seller in accardance with the customaty practices in the county in which the Title Company is located. 9. Possession. Possession of the Property will be delivered to Yurchaser at the Ciosing in its present condition. 10. Defaults. If at the time of the Closing, Purchaser performs or tenders full performance of all of Purchaser's covenants and agreements herein set forth and Seller then refuses to consummate this Agreement or the Exchange Contract for any reason other than Seller's inability to meet the title requireinents, then Purchaser, as Purchaser's sole remedies, at Purchaser's option, may (i) terminate this Agreement and the Exchange Contract; or (ii) enforce specific perfotmance of Seller's obligations under this Agreement and the Exchange Contract. If, at the time of Closing, Seller has perfonned or tendered full performance of all of Seller's covenants and agreements herein set forth and Purchaser then fails or refuses to consummate this Agreement far any reason then Seiler, as Seller's sole remedies, at Seller's option, may (i) terminate this Agreement and the Exchange Contract; or (ii) enforce specific performance of Purchaser's obligations under this Agreement or the Exchange Agreement. 11. Real Estate Commission; Release. Seller and Purchaser represent and warrant, one unto the other, that they have not engaged a real estate broker in connection with the purchase and sale contemplated under this Agreement hereby agree that they will, at all times, hereafter release one another and their successors and assigns, from and against any and all claims, losses, costs, expenses, liabilities and/or damages, including reasonable attorneys' fees, which the other, its successors or assigns, may hereafter incur, suffer or be required to pay to any Purchase and Sale Agreement — COFW to Colurnbia Plaza Medical Page 5 of 14 individual or entity by reason of a real estate commission due by the indemnifying party in connection herewith. 12. Assignment. Purchaser may assign Purchaser's interest under this Agreement with the prior written consent of Seller, to an entity owned by or under common control with Purchaser. 13. Exhibits. All exhibits refen•ed to herein are attached hereto and are fully incorporated herein by reference and made a part hereof for all purposes. 14. Binding Effect. This Agreement will be binding upon and imue to the benefit of the successors and assigns of the parties hereto and contains all of the agreements of the parties hereto and may be altered and amended only by an instrument in writing signed by each of the parties. There are no other agreements, oral or written, in existence which affect the transaction and which are prior in time to this Agreement. 15. Notices. A11 notices required or permitted to be given to either Purchaser or Seller under the tertns of this Agreement will be sufficient if they are in writing and mailed, including email as follows: (a) To Seller: City of Fort Woi�th Attn: Fernando Costa 1000 Tluockmorton Fort Worth, Texas 76102 Email: Fernando.costa@fortworthtexas.gov Copy to: City Attorney's Office Attn: Leann Guzman 1000 Throckmorton Fort Worth, Texas 76102 Emaii: leann.guzman@fortworthtexas. gov Purchase and Sale Agreement — COFYV to Colutr�bia Plaza Medical Page 6 of 14 (b) To Purchaser: Columbia Plaza Medical Center of Fort Worth Subsidiary, L,P. c/o Gavin Maloy One Park Plaza, Bldg. 2 Nashville, Tennessee 37203 Email: gavin.maloy@hcahealthcare.com Copy to: Pollard Rogers Cantey Hanger LLP 600 W. 6t'' Street, Suite 300 Fort Worth, Texas 76102 Email: progers@canteyhanger.com Mailed notices will be deemed delivered and effective when hand delivered, placed in the United States Mail, certified, return receipt requested, postage prepaid, and addressed to such party at such party's address hereinabove set forth or to such other address as either party may designate by notice similarly sent. Emailed notices will be deemed delivered and effective when received. 16. Conhnuing Liability. Any covenant or agreement herein which contemplates performance after the time of the Closing will not be deemed to be merged into or waived by the instruments of Closing, but will expressly survive and be binding upon the parties obligated thereby. 17. Modification of This Agreeinent. This Agreement may not be modified or amended except by a subsequent agreement in writing signed by the Seller and Purchaser. The Purchaser and Seller may waive any of the conditions contained herein or any of the obligations of the other party hereunder, but any such waiver will be effective only if in writing and signed by the party waiving such condition or obligation. 18. Multiple Counterparts. This Agreement may be executed in any number of counterparts, each of which, when executed and delivered, will be an original, but such counteiparts will together constitute one and the same insirument. Purchase and Sale Agreefnent — COFW to Colurnbia Plaza Medical Page 7 of 14 19. Governing Law. This Agreement shall be construed and interpreted under the laws of the State of Texas and all legal proceedings relating to this Agreement or the transaction contemplated hereunder shall be brought in the appropriate court located in Tarrant County, Texas. 20 Agreement. 21. Time of Essence. Time is of the essence in the compliance with the terms of this Headings. The headings of the sections contained in this Agreement are for convenience only and will not be taken into account in determining the meaning of any provision hereof. 22. Gender and Number. Words of any gender used in this Agreement shall be construed to include any other gender, and words in the singular number shall be construed to include the plural, and vice versa, as the context may require. 23. Construction. The parties acknowledge that each party and its counsel have reviewed and revised this Agreement, and the pai-ties hereby agree that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed to the inteipretation of this Agreement or any amendments or exhibits hereto. 24. Attorneys' Fees. Should either party employ an attorney or attorneys to enforce any of the provisions hereto, or to recover damages for the breach of this Agreement, the non- prevailing party in any final judgment agrees to pay the other party all reasonable costs, charges and expenses, including attorneys' fees, expended or incurred in connection therewith. EXECUTED on the dates set forth below each signature, but EFFECTNE for all purposes as of ���yy��_� , 2013. Parr�chase and Sale Agreement — COFW to Colurrzbia Plaza Medical Page 8 of 14 PURCHASER: Columbia Plaza Medical Center of Fort Worth Subsidiary, L.P., a Texas limited partnership By: Columbia North Te�as Subsidiary GP, LLC, a Texas limited liability company, General Partner gy. ` �., ��r �G%���_ Name• 111';�hal`s L. �a��� Title: Member Date: �S I 2 z �/'J Purchase afzd Sale Agreement — COFW to Colurnbicz Plaza Medical Page 9 of 14 SELLER: City of Fort Worth . . �� �;�r �arr-� � • � - 2t` `.. � .� � ti( , �� i � . � � :• F i1i�_ � _• ,l k� `4� ATTEST: Ci APPROVED AS TO FORM AND LEGALITY , , ,� , , <, BY ';�s b ; i,� �� �' ��. _ l;i,�;��1 "b ��;;.�L,.. � Assistant City Atto�ey Date: '���� J� i}.� � � � � � - .. � ' . ... . ���,��. Purchase cmd Sale Agreement — COFW to Colurnfiia Plaza Medical Page 10 of 14 EXHIBIT "A" (ATTACHED TO PURCHASE AND SALE AGREEMENT) PROPERTY Purchase and Sale Agreefraent — COFW to Colut�abia Plcrza Medical Page 11 of 14 TitlE03/0 FlLE�12G12RI{HYEY80.1IIIb� = liia�lizo"s�o��o����a� �sao��a9ea�E8� �e ^ � Sa $N &N �� � �� w� e� �d vn �(n �o �� � � ��g o� �$N : �a�' ��N f �m � ���€ �� ` 8��� �� _ P=�� � o��� �� ��gE �� p �a�,p �� S ���� �� � f�9�im H y an f �"�� �' P. y� Du s�n �� �z `��� ba �» � s�� � ���a � � '��E � � ���� � � �� I����� �A� ���� ���� �o�'"a � �o�o o��> "�xJ �'Sm �'9�0 �as; S���m ��"• ��' =' �Rg� ��tg . vi? ia�E ��Ui '� gF '�$ �P � �6� H"� o � � ���_ � g o���� ��� ��� - ��� �"�3� B � '���� �6Hg� ��bs� ��� T$��'� ���� 9 $� �'$ n�O� P��>§ ��99� L�� �'o�Q g��B osK NY7 �. 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ENGINEEq6 BURVEYOflB LAND P4lWHEflB ni kau�txx aw, sa: m raawic+t mu �wu vc� (e�n�amo tw r v,yd �ao, � r-un �,..ra+.�,w, EXHIBIT `B" (ATTACHED TO PURCHASE AND.SALE AGREEMENT) SPECIAL WA12ItANTY DEED Purchase and Sale Agreement — COFW to Colzrmbia Plaza Medical Page 12 of 14 Ai'ter recording return to: SPECIAL WARRANTY DEED TI3E STAT� OF TEXAS KNOW ALL MEN BY THESE PRESENTS: COUNTY OF TA�RRANT THAT THE UNDERSIGNED, City of Fort Worth, Texas hereinafter refei�red to as "Grantor", whether one or more, for and in consideration of the sum of T`EN DOLLARS ($10.00) cash, and other good and valuable consideratiou in hand paid by the Grantee, herein named, the receipt and sufficieney of which is hereby fully acknowledged and confessed, has GRANTED, SOLD and CONVEYED, and by these presents does hereby GRANT, SELL and CONVEY all Grantor's interest UNTO Columbia Plaza Medical Center of Fort Worth, Subsidiary, L.P., a Texas limited partnership, herein referred to as"Grantee", whether one or more, whose mailing address is One Park Plaza, Bldg. 2, Nashville, Tennessee 37203, c/o Gavin Maloy, in and to the real property described in attached E�iibit "A" ("Property"). This conveyance, howaver, is made and accepted subject to any and all validly existing encumbrances, condiiions, restrictions and reservations, relating to the Properiy set forth in this Deed and as now reflected by the recot•ds of the County Clerk of TARRANT County, Texas. Grantor expc•essly reseives out of the Property conveyed in this instrument an exclusive, peipetual 30' easement for the operation, maintenance, replacement, upgrade, grading and repair of the existing 36" water line under the Properly, 15' on either side of the centerline of the 36' water line, as more particuIarly described on the attached E�ibit "B" ("Water Line Easement"). _Grantor hereby reserves unto itself, its successors and assigns, the use and passage on, over, across, below, and along fi•om any adjacent public right of way the easement area, at any and all times, for the operation, maintenance, upgrade and repair of said water line. Grantor expressly reserves out of the Property conveyed in this instrument an exciusive, perpetual easement in the fifteen foot easement area depicted on the attached E�ibit "C" ("Sanitary Sewer Easement Area"), for the operation, maintenance, replacement, upgrade, grading and repair of the existing sanita�y sewer line. Grantor hereby reserves unto itself, its successors and assigns, the use and passage on, over, across, below, and along from any adjacent public right of way the easement area at any and all times, for the operation, maintenance, upgrade and repair of said sanitaiy sewer line. In no event shall Grantee (i) use the Property in any manner which interferes in any material way or is inconsistent �vith the rights reserved hereunder, or (ii) erect or permit to be erected within the easement property a pennanent structure or building, including, but not Iunited to, monument sign, pole sign, billboard, brick or masonry fences or walls or other structures that require a building permit. However, Grantee shall be permitted to consh•uct and maintain a concrete parking lot or streets on the Property. Grantar shall be obligated to restore the surface of the Propei�y at Grantee's sole cost and expense, including the restoration of any sidewallcs, drive�vays, or similat• surface improvements located upon or adjacent to the Property which may have been removed, relocated, altered, damaged, or destroyed as a result of the Grantor's use of the easements granted hereunder. Provided, however, that Grantor shall not be obligated to restore or replace irrigation systems or other improvements installed in violation of tlie provisions and intended use of the easements, TO HAVE AND TO HOLD the Property, together with alI and singular the rights and appurtenances thereto in anywise belonging unto the said Grantee, Grantee`s heirs, executors, administrators, successors and/or assigns forever; and Grantor does hereby bind Grantor, Grantor's heirs, executors, administi•ators, successors and/or assigns to WARRANT AND FOREVER DEFEND all and singular the Property unto the said Grantee, Grantee's heirs, executors, administrators, successors and/or assigns, against eveiy person whomsoever claiming or to claim the same or any part thereof, by, through or under Grantor, but not otherwise. EXECUTED this day of August, 2013. City of Fort Worth By; Fernando Costa Assistant City Manager ATTEST: City Secretaiy APPROVED AS TO FORM AND LEGALITY By: Assistant City Attorney Date: ACKNOWLEDGMENT STATE OF TEXAS § § COUNTY OF TARRANT § BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, on this day personally appeared Fernando Costa, Assistant City Manager of the City of Fort Worth, lcnown to me to be the same person whose name is subscribed to the foregoing instrument, and acknowledged to me that the same was the act of the City of Fort Worth and that he/she executed the same as the act of the City of Fort Worth for the purposes and consideration therein expressed and in the capacity therein stated Notary Public, State of TeYas Printed Name of Notary Commission expires: EX�IIBIT "C" (ATTACHED TO PURCHASE AND SALE AGREEMENT) PERMANENT SLOPE �ASEMENT Pzrrchase and Sale Agf�ee�rrer�t — COF�'to Colurnbia Plaza Medical Page 13 of 14 PARCEL NO. 3 PERMANENT SLOPE EASEMENT PROJECT No. 01742 LOT 2-A, BLOCK 2, MEDICAL CENTRE CITY OF FORT WORTH, TARRANT COUNTY, TEXAS STATE OF TEXAS § § § KNOW ALL MEN BY THESE PRESENTS COUNTY OF TARRANT DATE: August 19, 2013 CITY OF FORT WORTH PERMANENT SLOPE EASEMENT GRANTOR: COLUMB(A PLAZA MEDICAL CENTER OF FORT WORTH SUBSIDIARY, L.P. GRANTOR'S MAILING ADDRESS (including County): One Park Plaza, Bidg. 2, Nashville, Davidson County, Tennessee 37203 GRANTEE: CITY OF FORT WORTH GRANTEE'S MAILING ADDRESS (including County): 1000 THROCKMORTON ST. FORT WORTH, TARRANT COUNTY, TX 76102 CONSIDERATION: Ten Dollars ($10.00) and other good and valuabie consideration, the receipt and sufficiency of which is hereby acknowledged. PROPERTY: Being a permanent slope easement situated in the George Shields Survey, Abstract No. 1402, City of Fort Worth, Tarrant County, Texas, and being a portion of Lot 2-A, Block of 2 of Medical Centre, an addition to the City of Fort Worth, Tarrant County, Texas, said Lot 2-A being deeded to Fort Worth Medical Plaza, Inc. (now known as Columbia Plaza Medical Center of Fort Worth Subsidiary, L.P. by merger) as recorded in Volume 11760, Page 1374 of the Deed Records of Tarrant County, Texas, said permanent slope easement being more particularly described by Exhibit "A", attached hereto and made aparf hereof for all purposes. Grantor, for the consideration paid to Grantor and other good and valuable consideration, hereby grants, sells, and conveys to Grantee, its successors and assigns, the use and passage on, over, across, below and along the easement situated in Tarrant County, Texas, for the construction, operation, maintenance, upgrade and repair of a Permanent Slope Easement on the property. PERMANENT SLOPE EASEMENT Rev. 06/2008 lt is further agreed and understood that Grantee will be permitted the use of said easement for the purpose of slope maintenance. Grantor shail agree not to modify or alter the properfy in any manner, which would jeopardize the integrity of the slope without Grantee's written consent. Any alterafion or damage to the slope shali be repaired at Grantor's sole cost and expense. TO HAVE AND TO HOLD the above described easement, together with all and singular, the rights and appurtenances thereto in anyway belonging unto Grantee, and Grantee's successors and assigns forever; and Grantor does hereby bind itself and its successor and assigns to warrant and forever defend all and singular the easement unto Grantee, its successors and assigns, against every person whomsoever lawfully ciaiming ar to claim the same, or any part thereof. When the context requires, singular nouns and pronouns include the plural. GRANTOR: Columbia Plaza Medical Center of Fort Worth Subsidiary, L.P., a Texas limited partnership By: Columbia North Texas Subsidiary GP, LLC, a Texas limited liability company, General Partner By: Name: Title: Member PERMANENT SLOPE EASEMENT Rev. 06/2Doe ACKNOWLEDGEMENT STATE OF COUNTY OF � `� BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, on this day personally appeared , Member of Columbia North Texas Subsidiary GP, LLC, General Partner of Columbia Plaza Medical Center of Fort Worth Subsidiary, L.P. known to me to be the same person whose name is subscribed to the foregoing instrument, and acknowledged to me that the same was the act of and that he/she executed the same as the act of said limited fiability company for the purposes and consideration therein expressed and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE this day of , 20_ Notary Public in and for the State of PERMANENT SLOPE EASEMENT Rev. 06/2008 EXHIBIT "D" (ATTACHED TO PURCHASE AND SALE AG12��MENT) RIGHT-OF-WAY ��SLIP" EASEMENT Purchase and Sale Agreement — COFW to ColZ�nzbia Plaza Medical Page 14 of 14 NOTICE OF CONFIDENTIALITY RIGHT�: IF YOU ARE A NATURAL PERSON, YOU MAI' REM�VE OR STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM THIS INSTRUMENT BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMSER. PARCEL NO. 2 RIGHT-OF-WAY EASEMENT PROJECT No. 01742 LOT 2-A, BLOCK 2, MEDICA� CENTRE CITY OF FORT WORTH, TARRANT COUNTY, TEXAS THE STATE OF TEXAS § � COUNTY OF TARRANT § RIGHT-OF-WAY EASEMENT THAT COLUMBIA PLAZA MEDICAL CENTER OF FORT WORTH SUBSIDIARY, L.P., hereinafter refer�ed to as "Grantor", far and in consideration of Ten Doliars ($10.00) and other valuable consideration paid by the City of Fort Worth, a municipal corporation of Tarrant County, Texas, receipt of which is hereby acicnowledged, does Grant, Bargain, and Convey to said City, its successors and assigns, the use, passage in and along the Property ("Property") situated in Tarrant County, Texas, hereinafter described in the attached Exhibits "A" and `B". Grantor does het•eby acicnowledge and agree that this conveyance to City includes the right of the City to permit the public to use the Property as a public right-of way. Grantor also hereby acknowledges and agrees that this conveyance to City includes the right of the City to permit utilities to be situated within the Property as required by the City or by law. "Utilities" includes but are not limited to: water facilities, sewer facilities, gas facilities electric facilities, teleconmlunication facilities, drainage facilities and other utilities as defined by law. It is intended by these presents to convey a right-of-way to the said City of Fort Worth to maintain and construct the right-of-way improvements, with the usual rights of ingress and egress in the necessary use of such right-of-way, in and along said Property. TO HAVE AND TO HOLD the above described Property, together with, all and singular, the rights and appurtenances thereto in anywise belonging, unto the said City of Fort Woi�th, its successors and assigns, forever. Grantor does hereby bind itself, it's heirs, successors and assigns, to warrant and forever defend, all and singular, the said premises unto the said City of Fort Worth, its successors and assigns, against every person whomsoever lawfully claiming or to claim the same or any part thereof, [SIGNATURES APPEAR ON THE FOLLOWING PAGE] RIGHT-OF-WAY EASEMENT I Rev. 06/2005 HE�2ET0 WITNESS MI' HAND this the day of , 20 , GRANTOR Columbia Plaza Medical Center of Fort Worth, Subsidiary, L.P., a Texas limited partnership By: Columbia Nor-th Texas Subsidiary GP, LLC, a Texas limited liability company, General Partner By: Name: Title: Member RIGHT-OF-WAY EASEivtENT Rev. 06/2008 2 ACKNOWLEDGMENT STATE OF TEXAS COUNTY OF TARRANT § § § THIS instrument was acicnowledged before me on this day of � bY , Melnber of Columbia North Texas Subsidiary GP, LLC, General Partner of Columbia Plaza Medical Celiter of Fort Worth, Subsidiary, L.P., a Texas limited partnership, on behalf of said partnership. Notary Public, State of Texas Commission expn•es: RIGHT-OF-WAY EASEMENT Rev. 06/2008 Printed Name of Notary 3 APPROVED AS TO FORM AND LEG�ALIT�': Assistant City Attiorney THE STATE OF TEXAS COUNTY OF TAItRANT CITY OF FORT WORTH Fernando Costa Assistant City Manager ACKNOWLEDGMENT BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, on this day personally appeared Fernando Costa, Assistant City Manager for the City of City of Foi�t Woi-th known to me io be the person whose name is subscribed to the foregoing instrument and acknowledged io me ihat he executed the same as the act of the City of Fort Worth for the purpose and consideration therein expressed and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE, this the 20 day of Notary Public in and for the State of Texas : RIGHT-OP-WAY EASEMENT 4 Rev. 06/2008 .,��.���- � �i_ . y��..��-� _� _ -��.�w� .,� ,:������ �:. Ct?UiVCtL. ACTtON.; Apprarredr on 1012312012 ` DATE: CODE: 10/23/2012 � REFERENCE NO.: **L-15450 TYPE: CONSENT LOG NAME: PUBLIC HEARING: 17PLAZAMEDICAL m SUBJECT: Authorize Sale of Surplus Right-of-Way in the 1900 Block of West Rosedale Between Rosedale and Cooper and the Surplus Right-of-Way in the 1900 Block of Cooper Between Cooper and the Railway Running Parallel to Interstate Highway 30 to Columbia Plaza Medical Center of Fort Worth Subsidiary, L.P., and Authorize Purchase from Columbia Plaza Medical Center of Fort Worth Subsidiary, L.P., by the City of Fort Worth of 1.97 Acres Between Pennsylvania Avenue and Thirteenth Avenue (COUNCIL DISTRICT 9) ����� _� �— _ � - � ��r, � �:�: M. � _ � - RECOMMENDATION: It is recommended that the City Council: 1. Authorize the sale of 2.35 acres of surplus right-of-way (abandoned rail line) in the 1900 Block of West Rosedale between Rosedale and Cooper and the 1900 block of Cooper between Cooper and the railway running parallel to Interstate Highway 30 to Columbia Plaza Medical Center of Fort Worth Subsidiary, L.P., in consideration of the receipt of the 1.927 acres between Pennsylvania Avenue and Thirteenth Avenue from Columbia Plaza Medical Center of Fort Worth Subsidiary, L.P.; 2. Authorize the purchase of 1.927 acres between Pennsylvania Avenue and Thirteenth Avenue from Columbia Plaza Medical Center of Fort Worth Subsidiary, L.P., the payment for which is the conveyance of the surplus right-of-way (abandoned rail line) from the City of Fort Worth; 3. Find that the compensation, which is the conveyance of the surplus right-of-way (abandoned rail line) is just compensation; and 4. Authorize the execution and recording of the appropriate instruments conveying the properties to complete the sale and purchase. DISCUSSION: The City of Fort Worth (City) desires to construct a connector road between Pennsylvania Avenue and Thirteenth Street. The proposed location of the connector road is owned by Columbia Plaza Medical Center of Fort Worth Subsidiary, L.P. (Columbia). Staff approached Columbia to purchase the 1.927 acres between Pennsylvania Avenue and Thirteenth Avenue to build the connector road. Columbia will sell the land in exchange for abandoned railroad right-of-way adjacent to and near Columbia's property. The City acquired the abandoned right-of-way in 1998 from Fort Worth & Western Railroad for the expansion of Rosedale. Both properties have been appraised at $17.50 a foot, therefore the City's property is valued at $1,788,937.50 and Columbia's land is valued at $1,468,952.10. Staff recommends an even exchange of properties with no exchange of funds even though the City's property is larger than Columbia's because the City has no need for the surplus right-of-way. If the property acquisition proceeded to condemnation, the potential for payment of remainder damages, legal fees and condemnation costs creates equitable consideration. In addition, the recommendation is being made because the City will be receiving easements necessary for the connector road on property owned by Columbia at no additional cost. FISCAL INFORMATION/CERTIFICATION: The Financial Management Services Director certifies that this action has no material effect on City funds. Page 1 of 2 TO Fund/Account/Centers FROM FundlAccount/Centers Submitted for Citv Manager's Office bv: Fernando Costa (6122) Oriqinatinq Department Head: Additional Information Contact: ATTACHMENTS Map 17Piazamedical.pdf Jay Chapa (5804) Cynthia Garcia (8187) Sarah Odle (7316) Page 2 of 2 �ME �61t . 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