HomeMy WebLinkAboutContract 55882Secretary Contract# 55882
CONTRACT QF SALE AND PURCAASE
(Sale b� City of For# Worth of Lake Worth Leased Lot) .
THIS CONTRACT OF SALE AND PURCHASE ("Gont�act")'is.made and entered into
by and between the CITY OF FORT WOR�i, TEXA.S, a Texas ho�ne rule municipai corpoxation,
acting by and through its duly authorized City Manager or Assistant City Manager ("Seller") and
Kevitn B. Jarnes and Rebecca M. James ("�urchaser") as of June I5, 2021 ("Effective Date").
RECITALS
Seller is the owner of the real property anly (exclusive of improvements) located at 7365
Love Circle (the Pxoperty"), as shown and more particularly described on the attached
Exhibit "A", incorporated herein for all purposes.
2. Seller and Puxchaser (as successo�-in-interest to original lessee) are parties to a ground
lease for the Property dated March 1. 1988, as recorded in Volume 9243, Page 68 in the
Official Real Froperty Records of Tat�rant County, Texas and as arnended by a lease
amendznent dated June 9, 2021 (collectively, the "Lease Agreement").
3. The Lease Agreement provides Purchaser with an option to purchase ("Option"), pursuant
to Section 272.001(h).-of the Loaal Government Code, and by execution of this Con�ract,
Purchaser hereby exercises th.e Option.
AGREEMENT
Tn considerataon of the mutual covenants, xepresentations, warranties and agreements
contained herein, and for other good ar�d valuable consideration, the xeceipt and adequacy of whic�
are hereby acknowledged, Seller and Purchaser agree as follows:
Section 1. A�reement of SaIe and Purchase.
(a) Seller agrees tv sell and convey the Pxoperty to Purchaser, and Purchaser agrees ta
purchase and accept the Property from Seller, for the purchase �rice (as defined below), subject to
the terms and conditions set forth in tlus Contract.
(b) Seller shall convey the Property to Purchasex AS-IS, as set forth in Section 5.
(c) In Seller's conveyance of the Property to Purchaser, the following rights and
interests shall be reserved to Seller (or have previously b�en reserved by Seller's pxedecessor in
tit�e), and such reservation is hereby approved for a11 purposes: all right, title, and inte�est in and
to all oil, gas, and other minerals in and under �the Property, if any.
(d) An avigation easement is reserved on behalf of the public for free and unobstructed
passage of aircraft over the subject property intha navigable airspace above the minimum, altitudes
of flight prescribed by fedexal regulations, including airspace needed to ensure safety in the takeoff
�urchase Contract73bs Love Cir �FFICIAL RECORD
CITY SECRETARY
FT. VIlORTH, TX
and landing o� aircraft, Purchaser hersby releases Se1�er, its officers, agents and employees from
any and all claim and liability resulting from the noise, vibration, fumes, dust fuel, electromagnetic
interference and lubricant paxticles and all other effects, whether such claims are for injury or death
to person or persons or damages to or taking oipxoperty, arising out of or in connection with the
use of this easement, when such use is in com�liance with ttxe regulations and guidelines of the
F'ederal Aviation Adtninistration, successox agency, or other governmental authority with
jurisdiction over the matter.
(e) Seller shall retain the following easements and any easements retained by Seller
will be at no cost to Seller; all existing easements, whether of record or not, known ar unluiown,
(� Pursuant to City of Fort Warth Code of Ordinances Section 35-3, Purchaser agrees
to coxuiect to vvater and sa.nitary sewer lines if available prior to Closing, or, if not available prior
to C1Qsing, as soon as practicable aftex such lines are made available. This requirements shall
survive Closi.ng.
Sectior� 2. Purchase Price.
The purchase price ("Purchase Price") for the Properiy, payable by Purchaser to Seller in
cash at Closing (defined below), is TwentX Thousand and 00/I00 dollars ($20,000). Section
272.001(h) of the Local Government Code requixes the Property to be sold for fair market value
of the land as determ�ined by a certiiied appraiser, and pursuant to an appraisal obtained by Kevin
and Rebecca James. dated Mav 31 �2021, Seller has detexmined that the Purchase Price i-eflects the
current fait maxket value of the Property.
Section 3. Title Commitment and Surve�.
(a) Within ffteen (15) days after the Effective Date, Purchaser shall obtain at
Purchaser's sole cost and expense (i) a Commitment for Title Insurance and Title Policy ("Title
Cammitment") from the Title Company of Purchaser's choice ("Title Company"}, setti.ng forth the
status of the title of the Properry and showing all liens, claims, easements, rights-of-way,
reservations, restrictions, encroachments, tenancies, and any other encumbrances (collectively, the
"Encumbrances") and other matters, if any, relating to the Property; and (ii) a Iegible copy of all
documents referred to in the Title Commitment, including but not limited to, plats, reseivations,
restrictions, and easements.
(b) Within twenty-five (25) days atter the Ef�ective Date, Purchaser may obtain, at
Purchaser's sole cost and expense, an updated survey ("Survey") consistirig of a plat and field
notes describ'vng the Property, prepared puxsuant to a current on-the-ground staked survey
per£oxmed by a registered publia surveyor or engineer satisfactory to Purchaser and Title
Company. The Survey shall (i) be certified to Purchaser, its successors and assigns, and Title
Company, (ii) reflect the actual dimensions of and the total numbex of square feet within the
Properiy, net of any portzon thereof lying within a publicly dedicated roadway or a utility easement,
(iii) identify any rights-of way, easements, or other Encumbrances by reference to applicable
recording data, and (iv) include the Surqeyor's registered number and seal, and the date of the
Purchase Contract 7365 Love Cir
pg. 2
Survey. The deseription of the Praperry pxepaxed as a part of the Survey wi11 be used ix� all of the
docunaents set forth in this Contract that requires a legal description of the Property.
(c) I� the Title Commitme�t ox Survey discloses any Encumbrances or other matters
that are not acceptable t� Purchaser in Purchaser's so�e discretion�, then �'urchaser shall give Sellez•
written notice thereof within five �5) days after receipt of the Title Commitment, Survey and all
documents referred to in the Title Commitment, specifying Purchaser's objections ("Objections"),
if any. Tf Purchaser gives such notice to Seller, Seller may cure the Objections, but shall be under
no obligation to do so.
(d) If Purchaser gives notice of Objections and Seller does not cure the Objections,
cause the Title Commitment and Survsy to be amended ta give effect to matters that are cured,
and give Purchaser written notice thereof within the five (5) day period following receipt of the
n.otice from Purchaser ("Cure Periad"), Purchaser shall have the right either (i) to terminate ihis
Contract by giving written notice thereof to Seller at any time after the expiration of such Cure
Period but prior to the expiration of the option period (as defined below), and, upon such
termination, neither party hereto shall have any further rights or obligations; or (ii) to waive the
Objections and consummate the purchase of the Property subject to the Objections which shall be
deemed to be Permitted Encumbrances. Notwithstanding the foregoing sentence, if Seller has
cornmenced curing the Objections and is diligently prosecuting the same, as determined by
Purchaser in Purchaser's sole discxetion, then Purchaser in Purchaser's sole discretion may extend
- the Cure Period for an amount of time Pu�chaser deems necessary for Seller to cure the same.
PURCHASER ACKNOWLEDGES T�iAT A TERMINATION OF Tffi5 CONTRACT
PURSUANT TO THE TERMINATI�N RIGFIT IN THIS SECTION 3(d) OR AN� OTHER
TERMINATION RIGIiT HEREri�T WII�L BE A DEFAULT BY I.ES�EE UNDER THE
LEASE AGREEMENT, AND PURCPIASERILESSEE WII,L TAEN BE SUB.�CT TO
THE TERMINATION RIGHT OF THE SELLERILESSOR IN THE LEASE
AGREEMENT.
Section 4. Review Reports. DELETED BY AGREEMENT OF THE PARTIES.
Section 5. Reuresentatious, Warrani�es, "AS TS"
(a) EXCEPT AS EXPRESSLY STATED IN THIS AGREEMENT, PURCI-IASER
ACKNOWLEDGES AND AGREES THAT SELLER HAS NOT MADE, DOES NUT
MA,KE AND SPECIFICALLY NEGA'�'ES AND DISCLAIMS ANY REPRESENTATIONS,
WARR.ANTIES, PROMISES, COVENANTS, �AGREEMENTS OR GUARANTIES OF
ANY HIND OR CHARACTER WBATSOEVER, WHETH�R EXPRESS OR IMPLIED,
ORAL OR WR[TTEN, PAST, PRESENT OR FUTURE, OF, AS, TO CONCERNIl�TG QR.
WITH RESPECT TO (A) THE VALUE, NATURE, QUALITY OR CONDITION OF THE
PROPERTY INCLUDING, WITHOUT LIMITATION, THE WATER, SOIL AND
GEOLOGY, (B) THE INCOME TO BE DERIVED FROM THE PROPERTY, (C) THE
SUITABILITY OF THE PROPERTY FOR ANY AND A.LL ACTIVITIES AND USES
WHICH PURCHASER MAY CONDUCT THEREON, (D) THE COMPLIANCE OF OR
BY THE PROPERTY OR.�TS OPERATION WITH ANY LAWS, RULES, ORDINANCES
OR RE�ULATIONS OF ANY APPLICABLE GOVERNMENTAL AUTHORITY OR
BODY, (E) T73E HA.BITABILITY, MERCIiANTABILITY, MARKETABILITY,
Purchase Contract 7365 Love Cir
pg. 3
PROFITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF THE PROPERTY,
(F') THE MANNER OR QUALITY 4F THE C4NSTRUCTION OR MATER.IALS, IF
ANY, INCORPURA.TEb INTO THE PROPERTY, (G) THE MANNER, QUALITY,
STATE OF REPAIR OR LACK OF REPAIR OF THE PROPERTY, OR (H) ANY OT�iER
MATTER WITH RESPECT TO THE PROPERTY, AND SPECIFICALLY, THAT
SELLER HAS NOT MADE, DOES NQT MAKE AND SPECIFTCALLY DISCLAIMS ANY
REPRESENTATIONS REGA1tDING COMPLIANCE WITH ANY ENVIRONMENTAL
PROTECTIQN, POLLUTION OR LAND USE LAWS, RULES, REGULATIQNS,
ORDERS OF REQUIltEMENTS, INCLUDING SULID WASTE, AS DEFIlYED BY THE
U. S. ENVLRONMENTAL PROTECTION AGENCY REGULATIONS AT 40 C.F.R.,
PART 261, OR T�iE DISPOSAL OR EXISTENCE IN OR ON THE PROPERTY, OF ANY
AA7.ARDOUS SUBSTANCE, A5 DEFINED BY THE COMPREHENSIVE
ENVIRONMEI�TAL RESPONSE COMPENSATION AND LIABILITY ACT OF 1980, AS
AMENDED, AND REGULATIONS PROMULGATED THEREUNDER. PURCHASER
FURTFiER ACKNOWL�DGES AND AGREES THAT HAVING BEEN GIVEN THE
OPPORTiJNITY TO INSPECT THE PROPERTY, PURCAASER IS RELYiNG SOLELY
ON ITS OWN INVESTI�ATION OF THE PROPERTY AND NUT ON ANY
INFORMATION PROVIDED OR TO BE PROVIDED BY SELLER. AS A MATERIAL
PART OF THE CONSIDERATION FUR THIS AGREEMENT, SELLER AND
pURCH:ASER AGREE TAAT PURGFiASER IS TAKING THE PROPERTY "AS IS'"
WITH ANY AND ALL LATENT AND PATENT DEFECTS AND THAT THERE TS NO
WARR�NTY BY SELLER THAT THE PROPERTY IS FIT FOR A PA.RTICULAR.
PURPOSE. PURC�IASER ACKNOWLEDGES THAT IT IS 1VOT �2ELYING UPON AN'i'
REPRESENTATIONS, STATEMENTS, ASSERTIONS OR NON-ASSERTIONS BY TAE
SELLE�t WITFI RESPECT TO THE PROPERTY CONDITION, BUT IS RELYING
SOLELY U'PON ITS EXAMINATION OF THE PROPERTY. PURCHASER TAKES THE
PROPERTY UNDER THE EXPRESS UNDERSTAND�NG THERE ARE NO EXPRESS
OR IlVIPLIED WARRANTIES (EXCEPT FOR LIMiTED WARRANTIES OF TITLE SET
FORTH IN THE CL�SING DOCIiMENTS). UPON C4NVEYANCE, AS BETWEEN
SELLER AND PURCHASER, THE RISK OF LIABILITY OR EXPEN�E FUR
ENVIRONMENTAL PROBLEMS AFFECTING THE PItOPERTY, EVEN TF ARiSING
FROM EVENTS BEFORE CLOSING, WILL SE THE SOLE RESPONSIBILITY OF
PURCHASER, REGARDLESS OF WHE'I'HER THE ENVIRONMENTAL PROBLEMS
�VYERE KNOWN OR UIVKNOWN AT CLOSING. ONCE CL4SING HAS OCCURRED,
PURCHASER INDEMNIFIES, HOLDS HARMLESS AND RELEASES SELLER FROM
LIABILITY FOR ENVIRONMENTAL PROBLEMS AFFECTING THE PROPERTY,
INCLUDING, BUT NOT LIMITED TO, UNDER TAE COMPREHENSIVE
ENV�R4NMENTAL RESPON E, C�MPENSATION AND LIABILITY ACT
(�°CERCLA"), TAE RES4URC CONSERVATIDN AND RECOVERY ACT (RCRA),
TFIE TEXAS S4LID WASTE ISPOSAL ACT OR THE TEXAS WATER CODE.
PURCHASER INDEMNI�'IES, OLi1S HARMLESS AND RELEASES SELLER FROM
ANX LIABILITY FOR EN ONMENTAL PI20BLEMS OR CONDITIONS
AFFECTING THE PROPER ARISTNG AS THE RESULT OF SELLER'S OWN
NEGLIGENCE OR THE NEG IGENCE OF SELLER'S REPRESENTATIVES, BUT
NOT ANY WILLFUL ACTS O ONIISSIONS OR GROSS NEGLIGENCE OF SELLER
OR SELLER'S l.tEPRESENT TIVES. PURCHASER INDEMNIFIES, HOLDS
Purchase Contract 7365 Love Cn�
pg. 4
HARNII,E,SS �ND RELEASES SELLER FRUM Al�iY LIABILITY FOR
ENVIItONMENTAL PROBLEMS O1,2 CONDITIONS AFFEC'TING THE PROPERTY
ARISING AS A RESULT OF THEORIES OF PR�DUCTS LIA,BILITY AND STRICT
LIABILITY, OR UNDER NEW LAWS OR CHANGES TO EXISTING LAWS ENACTED
AFTER CONVEYANCE DATE THAT WOULD OTHERWISE IMPOSE ON SELLER JN
TffiS TYPE OF TRANSACTION NEW LIABILITIES FOR ENVIRONMENTAL
PROBLEMS OR CONDITIONS AFFECTING THE PItOPERTY. PROVISIONS OF THIS
SECTI�N SHALL SURVIVE THE �CLOSING. IT IS UNDERSTOOD AND AGREED
THAT TFIE PURCHASE PRICE HAS BEEN ADJ[JSTED BY PRIOR NEGOTIATION TO
REFLECT THAT ALL OF THE PROPERTY IS SOLD BY SELLER AND PURCHASED
BY PURCHASER SUBJECT TO THE FOREGOING. PURCHASER ACKNO'WLEDGES
AND ACCEPTS ALL THE TERMS AND PROVISIONS BY HIS ACCEPTANCE
HEREOF.
b. The provisions of Section 5(a) shall be incorporated into the Deed.
c. The provisions of Section 5(a) shall survive the CIosing.
Section 6. Option Period. DELETED BY AGREEMENT OF THE PARTIES
Section 7. Tests. Pur�haser, at Purchaser's sole cost and zisk, shall have the right to
make inspectians, suiveys, test borings, soil analyses, and other t�s#s, studies and surveys,
in�ludin.g without limitation, environmental and engineering tests, borings, analyses, site
assessments, and studies ("Tests). Any Tests shall be conducted. at Purchaser's sole risk and
expense, and PURCHASER AGREES TU INDENINIFY AND DEFEND SELLER AND TFiE
PROPERTY FROM ANY LIENS AND CLAIMS RESIJLTING FR01V� SUCH TE5TS. The
Property will be restored by Purchaser to its original condition at Piuchaser's sole expense
following any site work. Purchaser shall release to Seller any and all independent studies or results
of Tests obtained dwring the Option Period.
Section 8. Closin� Continsencies. DELETED BY AGREEMENT OF THE PART'IE5.
Section 9. Closin .
(a) The closing of the sale of the Properry by Seller to Purchaser ("Closing") shall
occur through the office of the Title Company no later than eighteen (� 8) monihs after the Effective
Data. At the Closing; all of the following shall occur, all of which are deemed concurrent
conditions:
(1) Seller, at Purchaser's sole cost and expense, shall deliver or cause to be
delivered to Purchaser the �ollowing: -
(i) A S�ecial Wayranty Deed ("Deed"), fully executed and
acknowledged by Seller; conveying to Purchaser good and inde£easible fee
simple title to the Property subject to existing known or unknown
Purchase Contract 73b5 Love Cir
pg. 5
easements, rights-of-way, and pxescri�tive rights, whether o£ record ot not;
containing (A) reservatzons pursuant to Seciion 1(c), (d) and (e); (B) the
foilowing statement as required by Local Governrnent Code 272.001(h),
"To pxotect the public health, safety, or welfare and to ensure an adequate
municipal water supply, the Property sold by the City of Fort'Worth under
Local Government Code 272.001(h) is not eligible for and the owner is not
en�itled to the exemption provided by Section 11.142{a), Water Code;" and
(C) the language required in. Section 5, with the precise form of the Deed to
be determined pursuant to Section 11 below;
(ii) Any other instrument or document necessary for Title Company to
issue the Owner Policy in accordance with Sect�ion 9(a) (3) below.
>
(2) Purehaser, at Purchaser's sole cost and expense, shall deliver or cause to be
delivered ta Seller through the Title Company a certified check or such other means
of funding accepta.ble to Seller, in an amount equal to the Purchase Price, plus any
rent due and owing under the Lease Agreement.
(3) The Tit1e Company shall issue to Purchaser, at Purchaser's sole cost and
expense, a Texas Own.er Policy of Title Insurance ("Owner Policy") issued by Ti�le
Cornpany in the atnount of the Purchase Price insuring that, after the completion of
the Closing, Purchaser is the owner of indef�easible fee simple title to the Pmperty,
subject only to the Permitted. ��
(4) Seller and Purchaser shall each pay their respective attarneys' fees.
(S) Except as othei�,vise provided herein, all costs and expenses in connection
with Closing shall be paid or boine by Pi,uchaser including without limitation, Title
Coznpany attorney and eserow or settlement fees, costs of tax ceitificates, survey
costs, and t�tle insurance policy costs.
(6) Purchaser shall be responsible for aIl ad valorem and similar taxes and
assessments, if any, relating to the Properry.
Upon completion of the Closing, Seller shall deliver possession of the Property to
Purchaser.
(c)
Section 10. Asents. Seller and Purchaser each represent and warrant to the other that it
has not engaged the services of any agent, broker, or other similar party in connection with this
iransaction except the following: NA. PURC.�iASER SHALL BE SOLELY
RESPONSIBLE FOR AND SHALL INDENINIFY SELLER FROM PAYMENT OF AN'Y
BROKERAGE FEES OR COMMISSIONS.
SecHon 11. Closins Documents.
Section 12. Notices.
Purchase Contract 7365 Love Cu
DELETED BY AGREEMENT OF THE PARTIES.
pg. 6
(a) Any not�ce under this Contract shall be in writiu�g and shall be deemed to have been
served if (i) delivered in person to the addeess set forth belaw for the party to whom tk�e notice is
given, (ii) delivered in person at the Closing (if that party is present at the Closing), (iii) placed in
ihe United States mail, return receipt requested, addressed to such party at the address specif"ied
below, or (iv) deposited into the custody of Federal Express Corporation to be sent by FedEx
Overnight Deiivery or other repntable overnight carrier for next day delivery, addressed to the
parky at the address specified below.
�)
The address of Se11er under this Contract is:
City of Fort Warth
Property 1Vlanagement Department
Attn: Nita Shinsky
900 Monroe Sireet, Suite 400
Foxt Worth, Texas 76102
With a copy to:
City of Fort Worth
City Aitorney's Off'zce
Atta: Matt Murray
200 Texas Sireet
Fort Worth, Tezas 76102
(c)
The address of Purchaser under this Contract is:
Kevin B. and Rebecca M: James
7365 Love Circle
Fort Worth, TX 76135
(d) From time to time either party may designate another address un�.er this Contract
by giving the other party advance written notice of the change.
Section 13. Termunation, Default, and Remedies.
(a) If Purchaser fails or refuses to consummate the purchase of the Property ptusuan.t
to this Contract at the Closing for any reason other than termination of this Conixact by Purchaser
pursnant to a rzght so to terminate expressly set forth in this Contract or Seller's failure ta perform
3eller's obligations under this Contract, then Seller, as Seller's sole and exclusive remedy, shall
have the right to terminate this Contract by giving written notice thereof to Purchaser prior to or
at the Closing, whexeupon neither party hereto shall have any fiuther rights or obligations.
NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRA.RY, PURCHASER
ACKNOWLEDGES THAT A TERMINATION OF THIS CONTRACT PURSUANT TO
THE TERMINATION RIGHT IN TT-�IS SECTION 13(a) OR ANY OT�iER
TEBMINATION RIGHT �iEREIN WILL BE A DEFAULT BY LESSEE UNDER T�iE
LEASE AGREEMENT, AND PURCi�ASER/LESSEE W1LL THEN BE SUBJECT TO
THE TERMiNATION RIGHT OF THE SELLER/LESSOR IN THE LEABE
AGREEMENT.
(b) If Seller fails or refuses to consummate the sale of the Property pursuant to this
Contract at Closing or fails to perform any of Seller's other obligations hereunder either prior to or
at the Closing for any x•eason other than the termination of this Contract by Se11er pursuant to a
right so to terminate expressly set forth in this Con�iact or Purchaser's failure to perform
Purchase Contract 7365 Love Cir
pg. 7
Purchaser's obligations under this Contract, then Purchaser sha11 have the right to termznate this
Contz'act by giving written notice thereof to Sellar prior to or at the Closing. A termination by
Purchaser of this Contract due to Seller's defaWt will not xesult in a default under the Lease
Agreement.
Section 14. Entire Contract. This Contract (i.neluding the attached exhibits) contains the
entire contract between Seller and Purchaser, and no oral statements or prior written matter not
specifically incorporated herein is of any foxce and effeci. No modi�eations are binding on either
party unless set forth in a document executed by that party,
Section X5. Assigns. This Contract inures to the benefit af and is binding on the parties
and their respective legal repxesentatives, successors, and assigns. Any assignment must be
approved by City of Fort Worth and this Contraci cannot be assigned less than 60 c3ays prior to the
sckeduled Closing.
Section 16. Time of the Essence. It is express�y agxeed that time is of the essence with
respect to fhis Contract.
Section 17. Takin� Prior to Closing. If, prior to Closing, the Property or any portion
thereof becomes subject to a taking by virtue of eminent domain, Purchaser may, in Purchaser's
sole discretion, either (i) terininate this Contract, and neither party shall have any fizrther rights or
obligations hereunder, or (ii) proceed with the Closing of the transaction with an adjustment in the
Purchase Price to reflect the net square fQotage of the Property after the taking.
Section 18. Governins Law. This Contract shall be governed by and construed in
accordance with the laws of the State of Texas.
Seciion 19. Performance of Contract. The obligations under the terms of the
Contract are performable in Tarrant County, Texas, and any and a11 payments under the terms of
the Conhact are to be made in Tai�rant County, Texas.
Section 20. Venue. Venue of any action brought under this Contraci shall be in Tarrant
Counry, Texas if venue is legally proper in that county.
Section 21. SeverabilitY. If any provision of this Cant�•act is held to be invalid, illegal,
or unenforceable in any respect, such invalidity, illegality, or unenforceability will not affect any
other pro�vision, and this Contract will be construed as if such invalid, illegal, or unenforceable
provision had never been contained herein.
Section 22. Business Days. Tf the Closing or the day for pei�£ormance of any act required
under this Contract falls on a Saturday, Sunday, ar legaT holiday for the City of Fort Worth or
federal holiday, then the Closing or the day for such performance, as the case may be, shall be the
next following regular business day.
Seetion 23. Multiule Counternarts. This Contract nnay be executed in any number of
identical countei�parts. I£so executed, each of such counterparts is to be deemed an ariginal fox all
Purchase Contract 7365 Love Cir , y
pg. 8
purposes, and all such counterparts shall, collectively, constitute one agreement, but, in making
proof of this Contract, it shall not be necessary to produce or account for more than one such
counterpart.
This Contract is executed as of the Effective Date.
SELLER: CITY OF FORT WORTH, TEXAS
Ot1nq Bu'ifhdoff By:oana Burghdoiii un 15, 202111:36 COT)
Dana Burghdoff, Assistant City Manager
Date: (,. ,1.) . .Jo;l I
ATTEST:
Mary Kayser
City Secretary
M&C: L-15964
1295: NIA
APPROVED AS TO LEGALITY AND FORM
Matthew A. Murray
Assistant City Attorney
CONTRACT MANAGER
PURCHASER: Kevin B. James and Rebecca M. James
B� K��
By. '.RW;,c� cv'.\ f-Rebecca M. James =
By signing I acknowledge that I am the person responsible for the monitoring and administration
of this contract, including ensuring all petformance and reporting requirements.
Name: Nita Shinsky
Title: Land Agent
Purchase Contract 7365 Love Cir
pg.9
By ifis execution below, Title Cornpany acknowledges receipt of this Contract and agrees to hold
and delivez� the sam� a�nd perform its duties pursuant to the prov�sions of this Contract.
TIT�,E COMPANY:
By:
Lavonne Keith
Alamo Title
Escrow Agent
Dai�:
Phone 817.921.7393
Purchase Contxact 7365 Love Cir
pg. 10
Exhibi� "A"
Property Description
Lot 4, Block 15, Lake Worth Leases, an Addition to the City of Fort Worth, Tarrant County,
Texas, as shown on ihe p�at recoxded as Cabin.et A, Slide 9384, Plat Records, Tarxant
County, Texas and also being known as 7365 Love Circle, Fort VVorth, Texas 76135
.�
6. ' �� ry _ a . �unr � ����...
� ..� Iy .. � � �.
' � •I�EASE AGRBEM�NT .
�,� '
�r-�" ` sr�r�•OF•TEXAS � .
CpUNTY�OF TARRANT• � � KNOW'AL'L' M£IV BY TklE5E�PRESENTB: x 0i)
. . • 1dh� _. 9 . .
: hn Ctty o��Fg, �'aurH�, !.:•s��, a}:umc ruie mani;ipL. r�rp�n6o� r,tUialed 4n Tarrao: Guunt,�, Texa�, (liercinafler '
somct:mesreRrrrdto�s"�iiy'�?r.lfngncrei�ib�arid�hi:�ugh, nav;,d.;.j�.� ___,I�sdulyauthoAzed
Cleg Meneger, and ��1".�4�}i1.11 _� ,Lessee, hereby inake und enler into Ihe �ollowing leasc 2grce= '
mr.�t. . '
, . . . n n f�...�•,:.,
,�.�,,.
• • • �000 • atiaeai ° n '8'��ixil9e' �
1_ .
For and in consideraUon of the. prompt payment by Lessee, when due, af all reots �s herein provlded, and funher
for and in considerat(on of Ihe fup and Umely perfarman:e by Lessee of`all of lxsset's dudes and obliaations in strict
compli�nce wilh the covenants, eouditions and asreements herein comaincd, Ciry hereby demfses and leases to Lessec.
and Lessee hercby acttp�s from GYty, lhe tollowing described real property �or ihe term and uses and subJeci to thc
conditfons set forth herrin: � ,
�Lot 4 Slk. 15 Lake IVorth Lease 5urv�v, �Fort Worth, 7arrant County, Texas A KA
� �ass.i �,�p rir�,lr ,—� .
li.�TERM • • �
•Thetermol'thetea;eshallbe 43 yr.11'mo.y�arscommencing March 1 1988 ' andending
nuary 31, ?�32 ;
The Cily may otfer ffve (5) year extensions to the term oF the lease on �ach fiith annlvetsary of the lease. The Lesaee
may refuse such extension by giving no�ice to the Clty, in wiiting, within sixty (b0) days after recelpe of nodce of any
extenslon, .
�i
111. L•ESSEE'S RiGHT5 AND OBLICA'IIONS �
LeEsee shell:
� A. pay annual rent to the �iy of Forc Worth in the sum of S 50:00 , said rem payable in i2 equal
installments, ont such jnscallinent due on the tirst of each month.
8, pny the rent due under thls lease to the Assessor-Collecror of TaXes for the Ctty of Port Worth, or other of(ice
deslgnated by the Clty.
C., ppy rent for each year after tBe first year !n an amount that shall be adJusted by efghty percent (80%) oF the
change in the annual avenge of the Consumer•Price Index U.S. City Average, "al! Items" Index, al) urban consumers
(CP1-Uj from the annual a4erege for the previous calendar year, as published by ►he Bureau of Labor 5tattstics for the
Unitqd S�atu Department of Labor, sald ackJu'stment to be comput`ed 6y dtvShcng the CPI-U tor the most recent year
by ihe GP1=U For the Immedielely preceding yeer, subUacting one p) from that quotient, multiplytng thal resuli b}•�
elghi-tenlhs {0.8►, adding one (1) lo that product, and muliiplying that sum by the rml for the previous year,
. b, be able ta use the leesed land far residentfal and waur recreational purposes, in compliance H�ith applicable
zon[ng ordinances. �
E. use and occupy the leased land, in compliance witti ttie laws of the United States of America; the stetutes of
the State of Texas, and the Charter and Ordinances of the City of Fort Wonh, whether naw in effect or hereinafier
.adopted so long as any heninafler edopted ordlnance or charler provl'sion is not adopted soleiy for the purposeof
Ilmiting the rlgh[s of:Lessee and similarly situeted Lessees.
F. accep� the premises in thelr presenl condition as being suitable for all purposes of Ihis lwse,
�� O. be deemed to be en independent lenant in possession of the premises and responsible to all parUes for his ncts
'and omissfons with regard thereto, and the City shall in no way be responsible for any act or omission of the Lessee.
� H. indemnify, hold harmless and defend lhe City, its ofticers, agents, and employees, from and against any and
all claims tor damages or injury, Including death, to persons or property arlsing out of or incident to ihe leasing or thc
•. �'' use and occupancy of theleaxd lan8 by Laeee, his guesis or inv[tees,
� t. Indemnif.v, hold harml�ss and de�end City from and against any �nd all mechanic's and macerialmen's lienc or
� any ofher Ifen. claim or charge impnted upon the leased land or risins �s a result of•nny eon�uct•or acii�•ii�� �y thc
Lessee o"r anyone nn his behalf. �
J. provldc and maln�ain suitable methods and means for the d(sposal of trash, body waste, and excrc:a, iqrom-
pliance with epplicable sanitallon lAws artd ordinances. •
� K. not dril{ or dig any well on lhe leased land wilhout lhe prior wriqen approval oF thc City nor usc �hc ���a�rr
� from such well until it has ban tested artd approved by �he eppropriate auihorities.
L. not commit, or eltow to 6e commitled; any waste on the premises, nor creale or alloH� any nuisance io exisl on
� the premises.
�• M: not�keep or permit any anfmals on the leased premises other Ihan domestirated'dogs end cais.
�IV. L'B53UR'S RIGNTS AND OBLIGATIONS
� The Cily of•Fort Worth shall:
A: approve the sale, or assignmenl (herelnafter cplteclively easignment) of this tease or remaining Ietm, provided
thatt
1: all Amounts owed �o the G1ty hereunder and City ad vatorcm toxes are paid currenl to Ihe dete of such assign-
menr and �
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09243 0068
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VID;1'ERMINATION•OF+LEA9E �
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A: Tn the event the I,essee; � � � ��,
1: is in arrears 1n the PaY+nent of the nnts, or oiher nmounts egreod to be paid under th�teFrms oi this lease; or
Z, has failed to petform any obltgetion under•this lease, thgn tlie �ity mny �ve no[1ee tp the'l:essee oi termina-
tion of Wc leasc by default, said notica to ipecify fn detail the defeulta upon which the terminedon would be based; ln
seid notice the City shall demu►d that �etions be lakrn wlthin AS days to cure the defeult or defaults upon whlch the
terriiluetion i5 6ased or: the lease sh�ll be tesmittattdt ��
B. In the eveni of A dcl'�uil by.�.essee, end said Lasee does not takc anion to curo the d"efault w[thln 45 days of ihe
notics trom the GYty, the lease magbe terailnated end she Glty shall l�ve no duty to relmburse the Lessee Por struc-
tur�s or improvemants to thelwsed land. ThrLeasee c6alt heve the rlght to ranove sad structure, improvements, and
personal propeny withln 90 d�ye from the date oi leese tarminetlon by default, snd ahell vacate the leesed lend at the
end of said 90 deys. All such properiy not removed within 90 tlsys shall become the property�oP the C1ty.
C. In the event renwls to b6 pdd under the tenmi of this lase is not paid when due, an eddltIonal lato penalty of
1.39b per m0nlh shdl be edded to the amount due.
D, tlpon terminatton of lhls lease on expireNon of i4cterm ot thls lease, l.esue shall be ea�dtled snd authorized to
remove from the premises all itema of personal propetly belooging to Lasee not perminently efrxed to ihe rtelty apd
sIl sWctures and improvemeats�for v4hich no ieimbu'rsunent is made uoder the terms af this lasse.
�DL�.'MORTGA�ES
A; So long as no def�ult e�clsts under thc terms of thla lease, ►6a Laset or anyAsdgnee maY mortg�ge his leesehold
estate and improvemenu situated thereon to sauro a loen o* loans of monay actually made; or that wlll be mada, or
any extension os cencwal oi•the same,
B. Such moriBage or deed of trust shell be tn every respect subJect; subservieat and subordlnate to all the rnnditions
and covenants of this lease:
C. in the event oF a defaulc �hat sould rault in the term(nation of this leese wJthout reimbtvsement to i.assee for the
tmprovements and structures on the leased land; the City shall give notice to the mortgagee as isrequired to be gtven to
thaLessee, and said mortgaga shall�heve the right to cure said default endlor perform the tem�b and conditions of
this�leas�. F. � ` ' . • . •::
D. A mortgegee or trustee under a dad of tcust shali have the seme right and power to acsign this lease, in conjmic ;:,
tion with a wsteb's sale or uansta to setisfy I:essa's obUgation to a mortgagee; as das the L'essr under the terms of •,
this lease.
H. At any t(me the Ctty Is to pny the I.essee foc structura or 3mproyemcnts an the teaseQ land, the Clty shnli give �
notice to each mortgagee of that payment, and said mottgega shall have the dght to nceive payment for aoy, :
outstanding obligation secvrcd by mortga8e or•deed of trust oe the leasehold and improvsments. �
•F. The C1'ty shell bo required to glve such nodce oniy If the mortgegee has; in wddng, informed the City,of its in-
terect a.�d ha; supplEed an address for said notSce. .
�X�, OWNERSHIP OF�II►lPROVEMSNTS
All structura aad improvements situated on the leased ]and when ihis lease is entered into are, and shall condnue to
be, the property of the•Lasee,•and all improvements heieinnFter made by.the I.essa on the leased land shall be ih�
property of the I:essa.
Xt. SUCCFS90R9'1N 1NTER�ST
A: In the avent of the death of a I;essee, his successors and estate shall succeed to h1s interest under this lease, and
those intit[ed by law to succeed to the�I.essa's interest in the lease sball continue to enjoy the•rights and'beneCts
}iereunder of the decensed Lessa; •
B. In the event that the Lessee or his Assignee is adJudicsted a bankrupt, said lease may_be As�igned�as provided�
above, and siey Assigneo shall assume the duties and IiabilIties as set out Above. �
XII. VENUE
Venue of any acHon brought hereunder ahell 11e exrlusively in �Tarrant�County. T�xss.
•XW. NO'17CE � ' : ;",
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4•� ;: A,-Any nottce required undes this leese; unless otheswise,specified; shul� be �ven by depositing in the Uniied Sfates
lylail.as eertiFe� maiL•pnsiavr. nrepaid, �dilresied te the::� �' • . _ . . . _ .. .
J. Casa's or Asslgnce's at the address sfiown on this lease unless seid I:essee or Assignee hes furnished ro the
• Cs1ty, in writinp; instruqtiona to mail notices to another a�iiress; ••!
, taY,,=2. , Ciry�r+lanagcr of tloe Clty of Fori Wo�, Gity Ha31, Fort•Wostfi,,Tax�;
pr, �� �,;3."NT'o,itB�Bro �c t6e eildress suppUed to the City ta writtag for the malling of such noita. ,
• �'� :. s: �: ;+ . , ; ,. XIV. CONQ.U5ION '
This instniment represenis the entice agreement betwan the periies Concet�ing ths teasing of the (eased land and
shall be binding upon and :h�ll be to the benefit of ihe�pirtfes hento; their succtssors, assigns, and legal repram•
tattves, and all pdor leases; assigomenu; or agreements ot any nature c�oncenilng the leased land or property situated
thetean ue supersaled by the iermc oi thts lease.
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�X�F.hCUTEDAt Fort Wol�1� TN7ant GoUoIY..TCroe thiF �_.:..'.:� 1S� dey of �
,1980° ,
5�::property covered by this lease Wi11 be used as the-lateral field for the septic tank located On '
�t 5�.glk. 15, Lake Wurth-Leases. Any ass'ignment�of th_j,s, lease sha17 be cpqcurrent wlth the assign;
zrlt of Said L4t 5, B1k. iS, L•ake Wor.th Leases which`�'s.�lso leased by the Ci�y of For`.t Worth; and �
sither lease shall be assigned separately. �.
3. 09?t.}3 00,7U
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C1TY dF�FORT W4R°FH , J,� �'�
By
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�� Robert doe 11
5TATE� OF TBXAS g ' •
COUNTY�OP TAItRANTI§ •
BEFO1tE ME th�,undersigned authorily, a�Notary Public in and for the Staie oF•Texes, on this day personally
appeered Davi d IVO�y , known to me to be ihe peraon whose name is
subscribed to the forcgoing instrumeat, and acknowiedged to me thst he extcuted the same es the act and dced of the
City of Fort Worth, a municipal corporatiou of�Tarrant Coumy�Tbcas, and as AS st. Ci tV Mdnd9er __ _,
ihereof, and for the purposes and consi8eration thueln exprased and in the capacity�therein stated.
'� C31V� UNDHR MY- HAND . AND � SBAL • OF OFFICE this �� day of L/f���L'�'�,
.�,A;D.,19 L .
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1:���'• Notary Eublic in and'fo�
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,,,,��%N���•� � the State of �7'exas
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)�'Y�J��Ti1RI2ANT §
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•' BfiFORE ME, the underslgned authorfty, a�Notery.Publ[c fn end for the Staze of Texas, on this day personally
appeared Ro6ert Joe H 111 ,known to me to be the person whose name is
subscri6ed to the foregofng instrumeiu, and reknowledged to me that he eicecuted the same For the purpases and con-
sideration therein expnssed.
dIVEN+UNDBR MY HAND •AND•SEAL•-OF OFFIGB this /.?�`' day pf �'Q �� Arp,
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' •PROYIS�OT�S CONTAtNED 1N�ANY.DOCUM�NT WHICH�REStRICi
� � THE`SALE, RENI`A4- OR USE OF. THE HEAL PROpERiY� ��R�BED
FEDERAL lAW ANO ARE UN NFOACFA6lE. �NVALID'UNOE'R .
,.
ANY PR�VISiOCi�HERE.IN +NNICH RESTRICTS•TNE SaLE, R�NTAI�
�flR pACE S lNYAI DCAND UNENFO CEABL UNL�ER FEDERAi.I�R
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2. the assignment is•evidenCed In.writln6; and
3, tn sald assignmene +he assi�enee expressly �ceepls. assumes, and pgrees �o perl'orm all terms; conditfons and
Ilmtta4o�s•t+: hr•kopt ��n� p�rfcrme3'ky:;es;,� i•nde� �ht; �e�a.; ar.•i
,K. said �vriting is::xe.uted s��d 'se�cnawieeged in ; tCG�4HbI�� i'�rm; ��n� �
�• S. said assignrt�enl is su6ridltt�i•to tha Cliy at :dE Clly PSduq�'�T•'S Of(ICE OI SU.h o►her oEfice deslgnated by the
City. Nianager. •
Vllith(n 10 dcys of r�ceipt of tlie xsstgnment ihe C!iy stiall detarmiae whel;ui the assignment is in comptiance witb
provls(ons A=Lthrough A-5 above �nd nuNfy both•paftles lo cnid assignmem if the asslgnmenl does not comply with
those provisions. 'fhe City-shsll•acknowledge compliance wuh �he atiove provlslons on the face of said assignmcni,
and ss�tgnment shwA then�be recorded 1n the office of the County Glerk pf•Tarrant Gounly, Texas, at�L'ecsee's ex-
pense. Compltence wtth the.prov7stons set out above shall relieve Ihe�Les#ee irom further liab((ity under this leasr,
B. hRve the right to inspect the leascd premises fo►• compliance wiih G7ty of Fort Worth Minimum Buildtng Stan-
dards Code,LYty Ordindnce No. 8006,at the tlme of aby a�le or trensfer. 7'ho City sbail notify the purchasa or assianee
in wridng of pny vtolations of sald'ordinance wilhin 10 days of the submission of a propospd aasignment to the City.
17ie purch0.ser or auignee sha{1 not b� issued a anificate of oceupancy by the City unttl ihe requliements of•such or-
�tin�a have been complied wlih.
C, shall not convey, self, or trensfer itsinterest In the Insed land without eliowfng the Leasee the opportunity to ac-
quire the le�ed l�nd unless the conveyanco. sala, or transfer is to e governmental enttfy with tha power to condemn
lh¢ property for the purpose it is acquired. All transfers shail be subjxt to the compet0ive bidding laws of the Stero of
Teaas•and�ihe ordinences and charta of the Gtityoi�Fort Worth. .
D. provide yeariy statements of the nnt duC fiereunder and in such statemrnl spectty the number of yenrs nmaietng
!n the term o[.this lease.
B, have the dght�to enter upon�the above descdhed propeny at�reasonable•Umes and=ueder�reasonable cir
cumstances for the purposes of exemining snd lnspe�ttng the leased fand �o determine whether Lessee hsis complled
with�his obHgations herwndor. Thls provtslon ahall not be westrued lo authorfu entry into residences or other
buildings-on the leased IRnd except-where such eetry.is spec3fiallyauthoriud•tiy ihe provisions of this•tease, the
stawtes of the State of Texas, or the ordinancas otth"e Cfty of�Fort Worth. �
F. wnrrant that •Lessea w311 have quiet enjoyment and peacefhl posses�ion of the leased land, and that the G![y will
dCfend the L•essee in euch quiet enjoymwt and peaaful possessioa during the term of thfs leass.
O. 'The City Mbnager shall reviaw this leaae prior to qch tifth anelversary end shall make recotnmeridadons to the
City�Council regerding•extensions.
" •V. LESSOR'S OPi14NS "
The C1ty of Fort.Worth may, In the event that L•asx shall glve noNce to the Ciry tfiat a tinancial hardship exisls ia
the payment ofrentals due herounder; the GSty [vl�na8er may walve any portion of that year's nnt afttr consideration
of seid hardsf►ip: Lessee ahall have the rtght to present his request to the C1ty•Council of Fon Worth should the City
�Mamger denY ih� reclnest.
My renis waived u a rault of such' hardshtp and remaining uapaid ehall constitute a lten ag�init the Lessee's im-
provements snd such unpald rents ahall bear Interat at the current tegal rate.
�L.esste may:
•VI. LES9EE'& OPTIONS
A. sell, usign, or. sublet this lease or�nmaining tenn thereof,
H. construct new structures and enlerge existing structures on the leased land provided that such construction is 3n
accordance wtth all appllcable Gity Coda apd Otdtneuca,
C. mtke slterwtioas. remodel, end make improvmnents to exlsting,structures and iha leased land, provided that
such action� shnll be !n ucordanee wlth npplicable C1ry.Codes�u►d Ordiqances. ,
D. terminate this lease without reimbursement for�Lessee's structunes and improvemrnts at eny time by giving the
Clty 3D days n�da af intzntian tu terminaie.
YII, EXR]EtAT[ON OF�LEASE
A. Upon eRpicatton o[ the te�t of this Leue the G�lty sheilt pay to the I.essee an nmount equal to the ihen market
value of eny structures or• iri�provements heretofora made er erected on ih� leased premises; exapt that psymenis for
any new ttructuro and enlargemmta io aci:tin(� struceures made or•erected during the iinn135 yeara oP the ]ease term
wiU be a pro rata amount based on ihe numbe� 06 y�ars the structure or improvemen�s are in plaa or 1he numb"er of
yeArs remaining on the iwsa �t the itme s�ld atruMure or improvements wue mide, whichever !s a�eatar, times 2.86
pereent, never to excad�f00'➢i of the mrrket vatut of the new slructure u►d the eniergement to the existing structure.
$. Repltcanent of �il or part of atructuta: destroyed ln whale or in part by f��e, exploslon or act of Qod are damed
struclures or improvpnents hereiofore mede or ero�ted on the le�sed premises.
C. The CYIy shal! p�y the+Lesue the muket value ot the structures�+�nd tmprovementa•as deflned above upon
possession of the property. Acceptutce of the amount offered by the GYty does not forfelt l;essee's dgh� to dtspute t'he
amount patd, nor shn11 any,�captance tonstltute s wdver of any leg�l remedy L'asee may have to determtne market
valua In the event that a court oi competent=Jud;diction determina thet the emount pald to the Lessee by the City Is
in eicecs of market value oi such stnletures or improvements, the Lesseo shall ptomptly refl►nd such exceu to the C1ty.
09243 006�9
10/13/202U
CITY COUNCIL AGENDA
M&C Review
Offldal slte of the Clty pF Fort Worth, Texas
�ORT W4RTN
�M
COUNCIL ACiION: Approved on 1918/2016
DATE: 11/S/2Q16 REFERENCE NO.: L-15864 LOG NAME: 21 LAKESALES
CODE: L TYPE: NON-CONSENT PUBLIC HEARiNG: NO
SUBJECT: Authorize Con#ract for Sale with Current Residential Lessees of CIty-Owned Lake Worth
Lease Addition Lots for Fair Market Value and Authorize Contemporaneous Lease
Amendment to Provide for a Shorter Term and the Dfspositlon of fmprovements Upon
Explration (COUNCIL DISTRICT 7)
RECOMMENDATION:
It is recommended that the City Council authorize the City Manager or his designee to:
�. Enter into a Contract for Sale with current residential lessees of City fee-owned Lake Worth Lease
Addifion platted resfdential lots for a sales price that is fair market value as deiermined by an
appraisa! by a certified appraiser; and
2. Enter into a Lease Amendment, contemporaneously with the CQntract for Sale, with current
residential lessees of City fee-owned Lake Worth Lease Addition lots to amend the lease to provide
for a shorter term and the disposition of the improvements upon expiratlon.
DISCUSSlON: ' �
In 2000, the City of Fort Worth maifed letters to Lake Worth Lease Addition lessees of record offering
an option to purchase the land if the leased lot met the specified cond(tions of (1) their lot(s) being
platted and (2) connection to either municipal water or sewer. Multipie lois could not be pfatted at fhat
time and the lessees of those properties were never offered the option to purchase due to
deficiencies associated with the property which caused non-compfiance with piatting requirements.
Additionally, some of the lessees on praperties that met the condltions of the City's offer for the optlan
to purchase did not enter into the Purchase Option Agreement wiih the City or lost the optian due to
not adhering to the option Agreement conditions.
Lessees of platted and un-platted residential City-owned Lake Worth Lease Addition prQperties are
requesting to purchase the leased land on which they have put improvements. The current residential
leases expire in 2032 and per the lease terms the City is required to purchase improvements at fair
market value at that time. The ourrent residential Lake Worth Lease Addition lease terms do not
autharize the sale of the land to the current lessee or the extension of the lease,
This Mayor and Counci( Communication will provide for current lessees of residential City-owned lots
In the Lake Worth Lease Addition whose lots meet platting conditions, and who compiy with the
conditions outlined below to be eligible to purchase their leased lot from the City at the fair market
value determined at time of fhe purchase.
Conditions of Purchase:
Properky must be platt�d at the expense of the lessee.
Lessee must hfre an approved appraiser to obtain a fair markek value appraisal of the land Co be
conveyed.
Lessee musk execute a Lease Amendrrient that provides for a lease termination date that is the
earlier of (i) closing on the purchase of the property or (ii) 18 months after the date of the
amendment ak which time the improvements would become property oF the City.
L.esSee must execute a Purchase and Sale Agreemertt contemporaneously with the Lease
Amendment requiring a closing date of no more than 18 months from the date of execution.
apps.foriworthtexas.gov/councll�acket/mc review.asp710=22991&caunclldate=l1l8I20i6 1/2
10/13l2020 M&C Review
All revenue fCom the sale of the land will be deposited in the Lake Worth Trust Fund fo be used for
capital projects around the lake as approved by'the Rroperty Management Director.
This property is located in the COUNCIL DISTRICT 7,, Mapsco 44, 45, 46, 58 and 59.
This M&C does not request approval of a contract with a business entity. However, if the 1295 form (s
required, it will be provided by the lessee at the tijne of contract execution, �
FISCAL iNFORMATION/CERTIFICATION:
The Director of Finance certiffes that Property Management Department wil! be responsible for the
collectlon and deposit of funds.
�
Fund
�
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Budget I Reference # � Amount
Year (Chartfield 2)
Budaet Reference # Amouni
Submitted for City Manager's Office by_
Originating De�artment Head:
Additlonal Information Contact:
ATTACHMENTS
LAKEWORTH RESIDENTiAL LEASES 8x11.p�
Jay Chapa (5804)
Steva Cooke (5134)
Lester England (8053)
Jean Petr (8367)
i
apps.forlworthtexas.gov/cauncil_packeUmo revlew.asp?ID=22991&councildate=11/8l2016 2/2