HomeMy WebLinkAboutResolution Fort Worth Local Development Corporation (FWLDC) FWLDC-2011-09RESOLUTION NO. FWLDC-2011-09
FORT WORTH LOCAL DEVELOPMENT CORPORATION
RESOLUTION
OF THE BOARD OF TRUSTEES
Approving a Natural Gas Pipeline License Agreement with
Texas Midstream Gas Services, LLC, Across 3224 Yuma Street
WHEREAS, the Fort Worth Local Development Corporation (the "Corporation") owns
the property located at 3224 Yuma (the "Property"); and
WHEREAS, the Corporation has received a request from Texas Midstream Gas
Services, LLC ("Texas Midstream") to install an 24-inch natural gas pipeline under the Property,
as more specifically depicted in the map attached hereto as Exhibit "A"; and
WHEREAS, the Corporation is willing to consent to such request in return for a license
fee of $40,963.86 for a term of 20 years and on other terms and conditions acceptable to the
Corporation's legal counsel;
NOW, THEREFORE, BE IT RESOLVED that the Corporation hereby authorizes the
President to execute a License Agreement with Texas Midstream for installation of a natural gas
pipeline under the Property for a 20-year term, a $40,963.86 license fee and on other terms and
conditions acceptable to the Corporation's legal counsel;
FURTHER RESOLVED, that the Secretary or any Assistant Secretary of the
Corporation is hereby authorized and directed to certify the adoption of this Resolution.
Adopted this 7th day of June, 2011.
Carter Burdette
Secretary