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Home My WebLink AboutContract 44492 ipIl" X14 C,TrY SECRUARY CONTRACTNO'Si2 MEMORANDUM OF OIL AND GAS LEASE STATE OF TEXAS KNOW ALL MEN BY THESE PRESENTS, COUNTY OF TAR NT E, IT REMEMBERED that on the day of 71)zq 2013, a Paid Up 01"I d Gas Lease was made and entered 'into by and between -the CfrY OF FORT WORTH a home rule munl*cl*pal corporation of the State of Texas,, 1000 Throckmorton Sias Fort Worth, Texas 76102, hereinafter called "(LESSOR)"; and XT O Energy Inc., 81 Houston Street, Fort Worth, Texas 76102, hereinafter called ("LESSEE"), where LESSOR hereby grants, 'ceases and lets exclusively to LESSEE for the purpose of exploring for, developing, producing and marketing coil and gas, together with any liquid or gaseous substances produced in association therewith, from -the following described land situated in Tarrant County, Texas, to Wit: SEE EXHIBIT "A" ATTACHED HERETO AND MADE PART HEREOF Subject to the other provisions therein contained said lease provides for a primary term of two 2) years, from the date thereof, and as long thereafter as oil or gas or other substances covered therein are produced in paying quantities from the leased premises or from lands pooled therewith, or this lease is otherwise maintained ire effect pursuant to the previsions therein. An Executed copy of said Oil and Gas Lease is in the possession of LESSEE at its address indicated above. Executed u ed this t da 201 3. LESSOR: CITY OF FORT WORTH ArI 1"E ST a ✓ By: Fernando Costa Vity Secretary Title: Assistant City Manager OCOP IF APPROVED AS TO, FORM AND LEGALITY: � � 000 4:f 4k tic) 0 By. Assistant C ' Attorney 0 0 fricla ItFOG010 Cliry SECItErARY ly SE r Wt F "Oftl", ro V R D MAY 30 2013 n „o, ACKNOWLEDGEMENT THE STATE OF TEAS COUNTY OF TA. NT BEFORE ME,the undersigned, a Notary Public, on this day personally appeared Fernando Costa, Assistant City Manager of the City of Fort Worth, a horse-rule municipal corporation of the State of Texas, known to m to he the person whose name is suhsc�� ed to the foregoing ,instrument and that he has executed the saes for the purposes and consideration therein expressed. Gf E UNDER AND AND SEAL OF OFFICE this day of 2013. [SEAL JW Notary Public in an State of Texas ` •w """ i ommissim EXPIRES r My Commission Expires: Print.Name of Notary a ie Here LESSEE.- XTO ENERGY INC. By., Its: Sr. Vice President__Land Ad nin str tion ACKNOWLEDGEMENT THE STATE OF TEXAS COUNTY OF TARRANT § �F )M the and rsigned, a Notary Public, on, this day personally appeared IckA e A subscribed i on behalf of X"I" Energy, Inc., known to me to he whose Warn � hscrzLed t the t"�re �n instrun�ient and, that e has executed the same �"dr the person th.e purposes and consideration therein.expressed. GIVEN UNDER Y HAND AND SEAL OF OFFICE this il�lday of , 2013. [SE otary Public In and for the State of WKM C�F. Nowy Pv*a*dT My Commission Expires" Mooch 06,2WO a51 Print Name�ot Notary Public Here AIYN EXHIBIT A 0.4140 ACRES, MORE OR, LESS, SITUATED IN THE WASHINGTON HEIGHTS ADDITION, AN' ADDITION TO THE CITY OF FORT WORTH, TARRANT COUNTY, TEXAS, AND BEING MORE PARTICULARLY DESCRIBED, IN THE FOLLOWING THREE(3)TRACTS: Tract I.- LOT 16, BLOCK 20, WASHINGTON HEIGHTS ADDITION, AN ADDITION TO THE CITY OF FOR WORTH, TARRANT COUNTY, TEXAS, RECOR-DED IN PLAT RECORDS VOLUME 3 1. , PAGE 40 Tract 2: LOT IT, BLOCK 20 WASHINGTON HEIGHTS ADDITION, AN ADDITION TO THE CITY OF FORT WORTH, TARRANT COUNTY, TEXAS, RECORDED IN PLAT RECORDS VOLUME 3 5 101 PAGE 40 Tract 3-, LOT 18, BLOCK 20, WASHINGTON 14EIGHTS ADDITION, AN ADDITION TO THE CITY OF FORT WORTH, TARRANT COUNTY, TEXAS, RECORDED IN PLAT RECORDS VOLUME 3 X1.0,PAGE 40 (PAZ HERNANDEZ PARK) (SLAUGHTER HEIGHTS UNIT) Cn. y Electronicaliiv Recorded tWWW NO. te/liu Official Public Records 5/1 5110 3 3:461 PM D2131236931 w PGS 3 $24.00 Mary L o,uiise Garcia Submifiter. SIM,PLIFIL MEMORANDUM OF OIL AND GAS LEASE SATE OF TEXAS § O ALL MEN BY THESE PRESENTS. COUNTY OF TARRANT § BE IT, REMEMBERED that on th Y .day o " A41 2013, a paid Up Oil and Gas Lease was made entered .to 8y and between the 1TY OF FORT WORTH, a home rule municipal corporation of the State of Texas, 1000 Throckmorton Street, Fort Worth, Texas 7 2, hereinafter called " L S S O "l XT1O Energy Inc.,, 1 ousto Street, Fort Worth, Texas 76102, hereinafter called ('LESSEE"), where LESSOR hereby leases and lets exclusively to LESSEE for the purpose of exploring for, developing, producin and marketing oil and gas, together with any liquid + r gaseous substances produced in association therewith, from the following described lid situated ire Tarrant County, Texas, tc- 't SEE E All ATTACHED HERETO AND MADE A PA E Subject to the ether provisions therein contained, said lease provides for a primary tern of two 2 years, from the date thereof, and as long thereafter as ail or gas or other substances covered therein are produced in paying quantities from the leased premises or from lands, pooled. therewith, cr this lease is otherwise maintained )"n maintained)" effect pursuant to the provisions therein. An Executed copy of said Oil and Gas Lease is in the possession of LESSEE at its address indicated above. Executed this �11114ay of a4 2013. LESSOR: CITY OF FORT WORTH ATTEST: VF By.- Fernando Costa etary Title. Assistant City Manager 20 APPROVED AS TO FORM AND LEGALITY. 0 By: Assistant C*Attorney 000()00 swm RECEIVED MAY 3 0 20'13 CITY cour4clL AGENDA FoRT WoRni 11 10 COUNCIL ACTION. Approved As Amended on 11/17/2009 - Amendmentis H"IghligMedin Yellow �'E« 11/17/2009 EN N .. -14889 LOO NAME. 61ADMIN LEASES C 0 D E L TYPE%: SON CONSENT PUBLIC No HEARING. SUBJECT: Authorize Administrative Approval' and' Execution of Leases for Natural Gas Drilling 'Under City-Owned Properties of Five Acres or Less in Size RECO,MME,NDIA,TION. It is recommended that the city council authorize the City Manager to, approve and execute leases for natural gas drilling under City-owned properties that are five acres or loss in size. DISCUSSION. On January 18, 2007, (M&C G-1 5588) Fort Worth city council authorized the city Manager to approve and execute leases for natural gas drilling under cit e-o rnolld non-park, properties that are two acres or loss in size. From time to tine, the city is asked to lease isolated City-owned properties in various. locations that are five acres or loss. City staff is recommending that gas leases for those properties be administratively approved for natural i Bias drillings leases after evaluation of the gas company's, drilling plan, reputation, financial status, project team and compliance history by staff and the city's mineral asset management consultant, Midkiff Oil and Gas. The leases would be executed through an internal administrative process involving the Planning and Development Department, the City Attorney's office and the city Manager's office.. The purpose of this change is to allow staff to negotiate and expedite processing of small leases in order to ensure that the city" is not excluded from units due to the time necessary for city council review. Requirements and guidelines to be followed in determining eligibility for inclusion in the Ad�m�iniatrative Comas pease Process are as follows: it -owned property five acres or fees,,: No surface use of any i nd No identified adverse impact to the surrounding neighborhood; Compliance with the City's gas, drilling ordinance; 'inimurn bonus to be determined by current market rata; Minirnarn royallty of 25 percents The distribution of lease bonus and royalties will be in accordance with the revenue distribution policy approved by the City C ouncil and No l l goal v ill be required due to the size of the parcels. The lease will be presented to city council for consideration prior to execution for any city owned " . o properties under five acres if opposition to conversion is expressed by citizens in the affected neighborhood or a council' Member requests such consideration. FISCAL IIIFO TIO RTIFICATI I . Ott ://apps.cfwnet.org/councl _pa.cket/roc review. . p9lD=12668&coo c ldate t 17/2001 5/31/2013 M&C Review Page 2 oft The Financial Management Services Director certifies that this, action will have no material effect on City funds. TO Fund/Account Centers FROM Flu nd/Accou nt/Centers Submitted for City,,_ Manager's Office Fernando Costa 6122 ri in tin De artmen Head: Susan Mania (811 80) 'A dit'i n l Information C nt cta Jean e'er(8367) ATTACHMENTS ..... http://apps,.cfwnet.org/council_packet/mc-review.asp9,,]'D=12 1 &co uncildate=1'1/t 7/20019 5/311/20113