HomeMy WebLinkAboutResolution Fort Worth Housing Finance Corporation (FWHFC) FWHFC-2011-08RESOLUTION NO. FWHFC-2011-OS
FORT WORTH HOUSING FINANCE CORPORATION
A RESOLUTION
APPROVING A PIPELINE LICENSE AGREEMENT WITH TEXAS MIDSTREAM
GAS SERVICES, LLC FOR 4600 EAST BERRY
WHEREAS, the Fort Worth Housing Finance Corporation (the "Corporation") owns a
tract of unimproved land described as Lots AR7A and AR8, Block 1, Eastwood Terrace
Addition, located at approximately 4600 East Berry Street (the "Property");
WHEREAS, the Corporation has received a request from Texas Midstream Gas
Services, LLC ("Texas Midstream") to install a natural gas pipeline under the Property as more
particularly shown on the map attached hereto as Exhibit "A", and to use the Property for
temporary workspace for the installation of the pipeline;
WHEREAS, the Corporation is willing to consent to such request in return for a license
fee of $17,222.63 for a term of twenty (20) years and the payment of $49,940.00 for the use of
the Property for temporary work space; and
WHEREAS, the Board of the Corporation desires to approve a pipeline license
agreement with Texas Midstream for installation of a natural gas pipeline under the Property for
a twenty (20) year term, a license fee of $17,222.63 and a fee of $49,940.00 for use of the
Property for temporary workspace and on such other terms and conditions as are acceptable to
the Corporation's legal counsel.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE FORT WORTH HOUSING FINANCE CORPORATION (THE "BOARD"):
1. THAT the Board approves a pipeline license agreement for the installation of a gas
pipeline under 4600 East Berry Street (the "Property") with Texas Midstream Gas
Services, LLC for a term of twenty (20) years for a license fee of $17,223.63 and a fee
of $46,940.00 for use of the Property for temporary work space (the "License
Agreement").
2. THAT the Board approves the execution and delivery of the License Agreement along
with any other documents necessary to effectuate the transaction on such other terms and
conditions as are acceptable to the Corporation's legal counsel.
3. THAT Tom Higgins, General Manager of the Corporation, or Jesus J. Chapa, Assistant
General Manager of the Corporation, are authorized to execute and deliver the License
Agreement for and on behalf of the Corporation along with any related documents
necessary to complete the transaction, and each is authorized to extend, modify and
amend the License Agreement, provided that any such extensions, modifications or
amendments are in compliance with applicable laws and the policies, goals and purposes
of the Corporation as those are amended from time to time.
RESOLUTION NO. FWHFC-2011-08
PAGE 2
4. THAT this Resolution takes effect on the date of its adoption.
AND IT IS SO RESOLVED.
Adopted May 3, 2011.
FORT WORTH HOUSING FINANCE CORPORATION
By: L �C ,�c.7�7�� s
Kathleen Hicks, President