Loading...
HomeMy WebLinkAboutContract 61216CSC No. 61216 CONTRACT OF SALE AND PURCHASE THIS CONTRACT OF SALE AND PURCHASE ("Contract") is made and entered into by and between the CITY OF FORT WORTH, TEXAS ("Purchaser"), a home rule Municipal Corporation of the State of Texas, acting by and through its duly authorized Assistant City Manager, and Dana Lavon Pondt ("Seller") as of the date on which this Contract is executed by the last to sign of Seller and Purchaser ("Effective Date"). AGREEMENT In consideration of the mutual covenants in this Contract, Seller and Purchaser agree as follows: Section 1. Sale and Purchase. (a) Seller agrees to sell and convey to Purchaser and Purchaser agrees to purchase and accept from Seller, on and subject to the terms and conditions set forth in this Contract, approximately 0.1783 acres known as Lot 11, Block 35, Sabine Place No. 6, an Addition to the City of Fort Worth, Tarrant County, Texas according the plat thereof recorded in Volume 388-10, Page 16, Plat Records, Tarrant County, Texas, Texas (Tarrant Appraisal District Account No. 02634368) (the "Land"), together with (i) all buildings, fixtures, structures and improvements thereon; (ii) any strips or gores between the Land and all abutting properties; (iii) all roads, alleys, rights -of -way, easements, streets and ways adjacent to or serving the Land and rights of ingress and egress thereto, whether surface, subsurface or otherwise; (iv) any land lying in the bed of any street, road or access way, opened or proposed, in front of, at a side of or adjoining the Land, to the centerline of such street, road or access way; (v) all of Seller's rights, titles and interest, if any, in and to all water rights or any kind or character pertaining to the Land; and (vi) all licenses, interests, and rights appurtenant to the Land. The Land and Items (i)-(vi) are collectively referred to as the "Property." (b) Seller shall convey the Property to Purchaser free and clear of all liens, claims, easements, rights -of -way, reservations, restrictions, encroachments, tenancies, and any other encumbrances (collectively, the "Encumbrances") except the Encumbrances appearing in the Title Commitment and the Survey (hereinafter defined) that are not cured and that are subsequently waived pursuant to Section 3 ("Permitted Encumbrances"). (c) Notwithstanding anything to the contrary, Seller hereby retains and reserves from this conveyance (and the Property does not include) for itself, and its successors and assigns, any and all interest in any and all oil, gas and other minerals in, on, or under the Land; provided, however, Seller ' hereby waives and relinquishes access to any use of the surface of the Property. (d) Depending on eligibility, Purchaser shall offer relocation assistance to Seller and/or tenants of the Property in accordance with the City of Fort Worth Relocation Assistance Rules. Section 2. Earnest Money and Purchase Price. (a) Within ten (10) calendar days after the Effective Date, Purchaser must deliver to the Title Company's escrow agent an Earnest Money deposit of One Thousand Seven Hundred.and Fifty Dollars and 00/100 ($1,750.00) in cash funds (the "Earnest Money"); however, upon Closing (as hereinafter defined), the Earnest Money shall be applied as a credit toward the Purchase Price (as hereinafter defined). All Earnest Money will be (i) refunded to Purchaser if Purchaser terminates the Contract prior to expiration of the Contract's Option Period or (ii) forfeited to Seller if Purchaser does not terminate but defaults in its obligation to close. Contract of Sale and Purchase Page - 1- of 18 Dana Lavon Pondt OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX (b) The purchase price ("Purchase Price") for the Property, payable by Purchaser to Seller at Closing, is One Hundred and Seventy -Five Thousand Dollars and 00/100 ($175,000.00). Section 3. Title Commitment and Survev. (a) Within ten (10) calendar days after the Effective Date, Seller shall obtain, at Seller's sole cost and expense, a Commitment for Title Insurance ("Title Commitment") from Alamo Title, 2900 South Hulen, Fort Worth, TX 76109, Attention, Lavonne Keith (the "Title Company"). The Title Commitment shall be effective as of a date which is on or after the Effective Date, showing Seller as the record title owner of the Land, and shall show all Encumbrances and other matters, if any, relating to the Property. The Title Company shall also deliver to Buyer, contemporaneously with the Title Commitment, legible copies of all documents referred to in the Title Commitment, including but not limited to, plats, reservations, restrictions, and easements. (b) Purchaser may obtain a survey of the Property ("Survey") at Purchaser's sole cost and expense. The Survey shall consist of a plat and field notes describing the Property, prepared pursuant to a current on -the -ground staked survey performed by a registered public 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 number of square feet within the Property net of any portion thereof lying within a publicly dedicated roadway, (iii) identify any rights -of -way, easements, or other Encumbrances by reference to applicable recording d ata, and (iv) include the Surveyor's registered number and seal and the date of the Survey. The description of the Property prepared as a part of the Survey will be used in all of the documents set forth in this Contract that require a legal description of the Property. (c) Purchaser shall have a period of time ("Title Review Period") commencing on the Effective Date and ending 30 calendar days after the later to occur of (i) Purchaser's receipt of the Title Commitment or (ii) Purchaser's receipt of the Survey, in which to notify Seller in writing of any objections ("Objections") Purchaser has to any matters shown on the Title Commitment or the Survey. Purchaser will provide written notice of its Objections to Seller with a copy to the Title Company on or before the expiration of the current Title Review Period. (d) Seller shall have the option, but not the obligation, to remedy or remove all Obj ections (or agree irrevocably in writing to remedy or remove all such Objections at or prior to Closing) during the period of time (the "Cure Period") ending on the tenth business day after Seller's receipt of Purchaser' s notice of such Objections. Except to the extent that Seller cures, or agrees in writing to cure, such Objections during the Cure Period, Seller shall be deemed to have elected not to cure such matters. If Seller is, or is deemed to be, unable or unwilling to remedy or cause the removal of any Objections (or agree irrevocably to do so at or prior to Closing) within the Cure Period, then either (i) this Agreement may be terminated in its entirety by Purchaser by giving Seller written notice to such effect during the period of time (the "Termination Period") ending on the fifth business day following the end of the Cure Period, and the parties shall be released of further obligations under this Agreement; or (ii) any such Objections may be waived by or on behalf of Purchaser, with Purchaser to be deemed to have waived such Objections if notice of termination is not given within the Termination Period. Any title encumbrances or exceptions which are set forth in the Title Commitment or the Survey and to which Purchaser does not object within Title Review Period (or which are thereafter waived or deemed to be waived by Purchaser) shall be deemed to be permitted exceptions (the "Permitted Exceptions") to the status of Seller's title to the Property. Contract of Sale and Purchase Page - 2 - of 18 Dana Lavon Pondt (e) Any other provision herein to the contrary notwithstanding, (i) all exceptions disclosed in the Title Commitment (or any subsequent commitment) which arise on or after the Effective Date of this Agreement and are not attributable to actions by Purchaser, and which may be cured by the payment of money, and (ii) all Objections that Seller agrees in writing to cure at or prior to Closing (collectively, the "Mandatory Cure Items") shall be satisfied, cured or removed by Seller, at Seller's sole cost and expense, at or prior to Closing. Section 4. Due Diligence Documents. Within five (5) calendar days after the Effective Date, Seller shall deliver to Purchaser for Purchaser's review (i) any and all tests, studies and investigations relating to the Property, including, without limitation, any soil tests, engineering reports or studies, and any Phase I or other environmental audits, reports or studies of the Property; (ii) any and all information regarding condemnation notice(s), proceedings and awards affecting the Property; (iii) any existing surveys of the Property (the "Due Diligence Material"). Section 5. Tests. Purchaser, at Purchaser's sole cost and risk, shall have the right to go on to the Property to make inspections, surveys, test borings, soil analysis, and other tests, studies and surveys, including without limitation, environmental and engineering tests, borings, analysis, and studies ("Tests"). Any Tests shall be conducted at Purchaser's sole expense. At the conclusion of the Tests, Purchaser shall repair any damage caused to the Property by Purchaser or its agents, employees, representatives, consultants or contractors in connection with Purchaser's Tests and the Property will be restored by Purchaser, at Purchaser's sole expense, to at least a similar condition as before the Tests were conducted. Purchaser shall keep the Property free and clear of any liens for any such Tests. In the event this transaction does not close for any reason whatsoever, the Purchaser shall release to Seller any and all independent studies or results of Tests obtained during the Option Period (as defined below). Section 6. Option Period. (a) Notwithstanding anything to the contrary contained in this Contract, until 90 (ninety) days after the Effective Date ("Option Period"), the following is a condition precedent to Purchaser's obligations under this Contract: Purchaser being satisfied in Purchaser's sole and absolute discretion that the Property is suitable for Purchaser's intended uses, including, without limitation, Purchaser being satisfied with the results of the Tests (defined in Section 5 above). (b) If Purchaser is not satisfied in Purchaser's sole and absolute discretion as to the condition precedent described in Section 6(a) above, Purchaser may give written notice thereof to Seller on or before the end of the Option Period, whereupon this Contract shall terminate. Upon such termination, the Contract will terminate, and neither party shall have any further rights or obligations under this Contract. (c) Upon written notice to Seller before the end of the Option Period, Purchaser shall have the right to extend the Option Period for one (1) additional period of thirty (30) days. (d) In the event that tenants occupy any portions of the Property, the Option Period shall be automatically extended until the date that is ten (10) days from Purchaser's receipt of Seller's written notice to Purchaser that the Property is entirely vacant and unoccupied. (e) The provisions of this Section 6 control all other provisions of this Contract. Contract of Sale and Purchase Page - 3 - of 18 Dana Lavon Pondt Section 7. Closina Deadline. The closing ("Closing") of the sale of the Property by Seller to Purchaser shall occur through the office of the Title Company on or before thirty-one (31) calendar days after the expiration of the Option Period. Section 8. Closini• (a) At the Closing, all of the following shall occur, all of which are deemed concurrent conditions: (1) Seller shall deliver or cause to be delivered to Purchaser the following: (i) A General Warranty Deed ("Deed"), in substantially the same form attached hereto as Exhibit "A". fully executed and acknowledged by Seller, conveying to Purchaser good and indefeasible fee simple title to the Property subject only to the Permitted Encumbrances, but containing a reservation of the mineral rights; (ii) A Non -Foreign Person Affidavit, in form and substance reasonably satisfactory to Purchaser, fully executed and acknowledged by Seller, confirming that Seller is not a foreign person or entity within the meaning of Section 1445 of the Internal Revenue Code of 1986, as amended; (iii) Evidence of authority to consummate the sale of the Property as is contemplated in this Agreement or as Purchaser may reasonably request; and (iv) Any other instrument or document necessary for Title Company to issue the Owner Policy in accordance with Section 8(a)(3) below. (2) Purchaser, at Purchaser's sole cost and expense, shall deliver or cause to be delivered to Seller through the Title Company federally wired funds or a certified or cashier's check or such other means of funding acceptable to Seller, in an amount equal to the Purchase Price, adjusted for closing costs and prorations. (3) Title Company shall issue to Purchaser, at Purchaser's sole cost and expense, an Owner Policy of Title Insurance ("Owner Policy") issued by Title Company in the amount of the Purchase Price insuring that, after the completion of the Closing, Purchaser is the owner of indefeasible fee simple title to the Property, subject only to the Permitted Encumbrances, and the standard printed exceptions included in a Texas Standard Form Owner Policy of Title Insurance; provided, however, the printed form survey exception shall be limited to "shortages in area," the printed form exception for restrictive covenants shall be deleted except for those restrictive covenants that are Permitted Encumbrances, there shall be no exception for rights of parties in possession, and the standard exception for taxes shall read: "Standby Fees and Taxes for the year of Closing and subsequent years, and subsequent assessments for prior years due to change in land usage or ownership"; (4) Seller and Purchaser shall each pay their respective attorneys' fees. Contract of Sale and Purchase Page- 4-of 18 Dana Lavon Pondt (5) Purchaser shall pay all recording fees and any other closing costs as set forth by the Title Company. (b) Purchaser will qualify for exemption from ad valorem taxation for the Property, and no ad valorem taxation shall accrue after the date of Closing. Therefore, any ad valorem taxes assessed against the Property for the current year shall only be for the period of time the Property was owned by Seller. As soon as the amount of taxes and assessments on the Property for the current year is known, Seller shall pay any and all taxes and assessments applicable to the Property up to and including the date of Closing. The provisions of this Section 8(b) survive the Closing. (c) Upon completion of the Closing, Seller shall deliver possession of the Property to Purchaser, free and clear of all tenancies and title encumbrances of every kind except those disclosed in the Permitted Encumbrances. Section 9. , Seller's Representations: Seller hereby represents and warrants to Purchaser, as of the Effective Date and as of the Closing Date, except as otherwise disclosed in written notice from Seller to Purchaser at or prior to Closing, that: (a) Seller's Authority. This Contract has been duly authorized by requisite action and is enforceable against Seller in accordance with its terms; neither the execution and delivery of this Agreement nor the consummation of the sale provided for herein will constitute a violation or breach by Seller of any provision of any agreement or other instrument to which Seller is a party or to which Seller may be subject although not a party, or will result in or constitute aviolation or breach of any judgment, order, writ, junction or decree issued against or binding upon Seller or the Property; (b) No Pending Proceedings. There is no action, suit, proceeding or claim affecting the Property or any portion thereof, or affecting Seller and relating to the ownership, operation, use or occupancy of the Property, pending or being prosecuted in any court or by or before any federal, state, county or municipal department, commission, board, bureau, or agency or other governmental entity and no such action, suit, proceeding or claim is threatened or asserted; (c) Seller is Not a Foreign Person. Seller is not a foreign person or entity as defined in Section 1445 of the Internal Revenue Code of 1986, as amended, and Purchaser is not obligated to withhold any portion of the Sales Price for the benefit of the Internal Revenue Service; (d) No Insolvency Proceedings. No attachment, execution, assignment for the benefit of creditors, receivership, conservatorship or voluntary or involuntary proceedings in bankruptcy or pursuant to any other debtor relief laws is contemplated or has been filed by or against Seller or the Property, nor is any such action pending by or against Seller or the Property; (e) Contract Obligations. Except as otherwise disclosed in the Title Commitment, no lease, contract or agreement exists relating to the Property or any portion thereof which is not terminable at will or upon not more than 30 days' prior notice except tenant leases; (f) No Competing Rights. No person, firm or entity, other than Purchaser, has any right to purchase, lease or otherwise acquire or possess the Property or any partthereof; Contract of Sale and Purchase Page- 5-of 18 Dana Lavon Pondt (g) No Regulatory Violations. Seller has not received written notice that the Property is in breach of any law, ordinance or regulation, or any order of any court or any federal, state, municipal or other governmental department, commission, board, bureau, agency or instrumentality wherever located, including, without limitation, those relating to environmental matters and hazardous waste, and no claim, action, suit or proceeding is pending, nor has Seller received written notice of any additional inquiry or investigation, threatened against or affecting Seller or affecting the Property, at law or in equity, or before or by any federal, state, municipal or other governmental department, commission, board, bureau, agency or entity wherever located, with respect to the Property or the Seller's present use and operation of the Property; and (h) No Hazardous Materials. To Seller's actual knowledge, without inquiry or investigation: (i) all required federal, state and local permits concerning or related to environmental protection and regulation for the Property have been secured and are current; (ii) Seller is and has been in full compliance with such environmental permits and other requirements regarding environmental protection under applicable federal, state or local laws, regulations or ordinances; (iii) there is no pending action against Seller under any environmental law, regulation or ordinance and Seller has not received written notice of any such action or possible action; (iv) there is not now, nor has there been in the past, any release of hazardous substances on, over, at, from, into or onto any facility at the Property, as such terms are understood under the Comprehensive Environmental Response, Compensation and Liability Act; and (v) Seller does not have actual knowledge of any environmental condition, situation or incident on, at or concerning the Property that could reasonably be expected to give rise to an action or to liability under any law, rule, ordinance or common law theory governing environmental protection. Seller acknowledges that Purchaser has relied and will rely on the representations and warranties of Seller in executing this Agreement and in closing the purchase and sale of the Property pursuant to this Agreement, and Seller, during the term of this Agreement, agrees to notify Purchaser promptly in the event that Seller obtains knowledge of any change affecting any of such representations and warranties, in which event Purchaser shall be entitled to exercise the remedies set forth in Section 14 hereof. Until and unless Seller's warranties and representations shall have been qualified and modified as appropriate by any such additional information provided by Seller to Purchaser, Purchaser shall continue to be entitled to rely on Seller's representations and warranties set forth in this Agreement, notwithstanding any contrary information resulting from any inspection or investigation made by or on behalf of Purchaser. All of Seller's representations and warranties, as so qualified and modified, shall survive Closing. Section 10. Seller's Covenants. (a) Updating of Information. Seller acknowledges that Purchaser will rely upon the Due Diligence documents delivered by Seller and other materials delivered by Seller to Purchaser hereunder to satisfy itself with respect to the condition and operation of the Property, and Seller agrees that, if Seller discovers that the information contained in any of the materials delivered to Purchaser hereunder is inaccurate or misleading in any respect, then Seller shall promptly notify Purchaser of such changes and supplement such materials. (b) Prohibited Activities. During the term of this Agreement, Seller shall not, without the prior written consent of Purchaser, which consent Purchaser shall have no obligation to grant and Contract of Sale and Purchase Page- 6-of 18 Dana Lavon Pondt which consent, if granted, may be conditioned in such manner as Purchaser shall deem appropriate in the sole discretion of Purchaser: (i) grant any licenses, leases (written or verbal), easements or other uses affecting any portions of the Property; (ii) permit any mechanic's or materialman's lien to attach to any portion of the Property; (iii) place or permit to be placed on, or remove or permit to be removed from, the Property any trees, buildings, structures or other improvements of any kind; or (iv) excavate or permit the excavation of the Property or any portion thereof. (c) Cooperation in Permitting Activities. During the term of this Agreement, Seller will cooperate with Purchaser in such manner and at such times as Purchaser may request in obtaining subdivision, zoning or rezoning, site plan development, building permit and other approvals required for Purchaser's proposed use, including without limitation, signing such applications for such approvals and other instruments as may be required or authorizing Purchaser to sign such applications or instruments as Seller's agent or both. Purchaser shall bear the costs and expenses of obtaining all such approvals, including reasonable attorneys' fees that Seller may incur in connection with reviewing such applications and instruments. Section 11. Agents 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 transaction. Section 12. Closine Documents. No later three (3) business days prior to the Closing, Seller shall deliver to Purchaser copies of the closing documents (including but not limited to the Deed) for Purchaser's reasonable right of approval. Section 13. Notices. (a) Any notice under this Contract shall be in writing and shall be deemed to have been served if (i) delivered in person to the address set forth below for the party to whom the notice is given, (ii) delivered in person at the Closing (if that party is present at the Closing), (iii) placed in the United States mail, return receipt requested, addressed to such party at the address specified below, or (iv) deposited into the custody of Federal Express Corporation to be sent by Fed Ex Overnight Delivery or other reputable overnight carrier for next day delivery, addressed to the party at the address specified below. (b) The address of Purchaser under this Contract is: City of Fort Worth Property Management Department 200 Texas Street Fort Worth, Texas 76102 Attn: Dickson Robin Telephone: 817-392-2574 With a copy to: Matthew A. Murray City Attorney's Office 200 Texas Street Fort Worth, Texas 76102 Telephone 817-392-7600 Contract of Sale and Purchase Page - 7 - of 18 Dana Lavon Pondt (c) The address of Seller under this Contract is: Dana Lavon Pondt 11 Hemingsford Court Arlington, Tarrant County, Texas 76016 With a copy to: A From time to time either party may designate another address or fax number under this Contract by giving the other party advance written notice of the change. Section 14. Termination, Default, and Remedies. (a) If Purchaser fails or refuses to consummate the purchase of the Property pursuant to this Contract at the Closing for any reason other than termination of this Contract by Purchaser pursuant to a right so to terminate expressly set forth in this Contract or Seller's failure to perform Seller'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, and receive the Earnest Money as full liquidated damages (and not as a penalty) for Purchaser's failure to consummate the purchase, whereupon neither party hereto shall have any further rights or obligations hereunder. (b) If (1) Seller fails or refuses to timely consummate the sale of the Property pursuant to this Contract at Closing, (2) at the Closing any of Seller's representations, warranties or covenants contained herein is not true or has been breached or modified, or (3) Seller fails to perform any of Seller' s other obligations hereunder either prior to or at the Closing for any reason other than the termination of this Contract by Seller pursuant to a right so to terminate expressly set forth in this Contract or Purchaser' s failure to perform Purchaser's obligations under this Contract, then Purchaser shall have the right to: (i) terminate this Contract by giving written notice thereof to Seller prior to or at the Closing and neither party hereto shall have any further rights or obligations hereunder; (ii) waive, prior to or at the Closing, the applicable objection or condition and proceed to close the transaction contemplated hereby in accordance with the remaining terms hereof; or (iii) enforce specific performance of Seller's obligations under this Agreement. Section 15. Survival of Oblieations. To the extent necessary to carry out the terms and provisions hereof, the terms, conditions, warranties, representations, obligations and rights set forth herein shall not be deemed terminated at the time of the Closing, nor shall they merge into the various documents Contract of Sale and Purchase Page- 8-of 18 Dana Lavon Pondt executed and delivered at the time of the Closing. All representations and warranties by Seller in this Agreement shall survive Closing for a period of six (6) months after Closing (the "Survival Period"). Unless Purchaser discovers the breach of any such representation or warranty on a date (the "Discovery Date") prior to the end of the Survival Period and gives Seller written notice (the "Breach Notice") of the breach within thirty (30) days after the Discovery Date, no alleged breach of any such representation or warranty may form the basis of an action by Purchaser against Seller for breach of any such representation or warranty. Any such action must be brought within three (3) months after the Discovery Date, provided that a Breach Notice has been timely given in accordance with the immediately preceding sentence. Section 16. Entire Contract. This Contract (including 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 force and effect. No modifications are binding on either party unless,set forth in a document executed by that party. Section 17. Assigns. This Contract inures to the benefit of and is binding on the parties and their respective legal representatives, successors, and assigns. Neither party may assign its interest under this Contract without the prior written consent of the other party. Section 18. Takine Prior to Closine. 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) terminate this Contract and neither party shall have any further 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 footage of the Property after the taking. Section 19. Governine Law. This Contract shall be governed by and construed in accordance with the laws of the State of Texas. Section 20. Performance of Contract. The obligations under the terms of the Contract are performable in Tarrant County, Texas, and any and all payments under the termsof the Contract are to be made in Tarrant County, Texas. Section 21. Venue. Venue of any action brought under this Contract shall be in Tarrant County, Texas if venue is legally proper in that County. Section 22. Severability; Execution. If any provision of this Contract is held to be invalid, illegal, or unenforceable in any respect, such invalidity, illegality, or unenforceability will not affect any other provision, and this Contract will be construed as if such invalid, illegal, or unenforceable provision had never been contained herein. A signature sent on this Contract by facsimile or PDF/e- mail shall constitute an original signature for all purposes. Section 23. Business Days/Effective Date. If the Closing or the day for performance of any act required under this Contract falls on a Saturday, Sunday, or legal holiday, then the Closing or the day for such performance, as the case may be, shall be the next following regular business day. Section 24. Counterparts. This Contract may be executed in multiple counterparts, each of which will be deemed an original, but which together will constitute one instrument. Section 25. Terminoloev. The captions beside the section numbers of this Contract are for reference only and do not modify or affect this Contract in any manner. Wherever required by the context, any gender includes any other gender, the singular includes the plural, and the plural includes the singular. Contract of Sale and Purchase Page - 9 - of 18 Dana Lavon Pondt Section 26. Construction. The parties acknowledge that each party and its counsel have reviewed and revised this Contract and that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party is not to be employed in the interpretation of this Contract or any amendments or exhibits to it. Section 27. Attornev's Fees. If any action at law or in equity is necessary to enforce or interpret the terms of this Contract, the prevailing party or parties are entitled to reasonable attorneys' fees, costs and necessary disbursements in addition to any other relief to which such party or parties may be entitled. Section 28. City Council ADDroval. Notwithstanding anything herein to the contrary, Seller hereby acknowledges and agrees that the Purchaser's execution of this Contract, its representations and warranties under this Contract, Purchaser's willingness and agreement to purchase the Property, and to consummate the transactions contemplated under this Contract are expressly subject to and contingent upon the approval of the Fort Worth City Council in a public meeting ("City Council Approval"). Purchaser expects that City Council Approval shall occur within the Option Period. [SIGNATURES APPEAR ON THE FOLLOWING PAGE] Contract of Sale and Purchase Page -10 - of 18 Dana Lavon Pondt This Contract is EXECUTED as of the Effective Date. SELLER: DANA LAVON PONDT By: &LaMPI� P!ndAtV"- ana von Date: *,al -1 20 2N PURCHASER: CITY OF FORT WORTH, TEXAS T a'.� 8 ` By: Dana Burghdof (Apr , l0 CDT) Dana Burghdoff, Assistant City Manager Date: Apr 2, 2024 p�OF FOHj�aoa ATTEST: se o= V aaaa4¢EX6 640 0 7annette S. Goodall City Secretary M&C: Date: Apr2,2024 APPROVED AS TO LEGALITY AND FORM: ,i���ecw ✓�L22?/ Matthew A. Murray Assistant City Attorney Contract Compliance Manager: By signing I acknowledge that I am the person responsible for the onit )ring and administration of this contract, including ensuri 1 perfo tnc nd reporting requirements. DiAn, Senior Land Agent Property Management Department — Real Estate Division Contract of Sale and Purchase Dana Lavon Pondt Page -11-of18 OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX By its execution below, Title Company agrees to perform its other duties pursuant to the provisions of this Contract. TITLE COMPANY: Alamo Title M Name: Title: Date: Contract of Sale and Purchase Page - 12 - of 18 Dana Lavon Pondt NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM ANY INSTRUMENT THAT TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER. GENERAL WARRANTY DEED Date: Grantor: DANA LAVON PONDT Grantor's Mailing Address (including County): 11 HEMINGSFORD COURT ARLINGTON, TARRANT COUNTY, TEXAS 76016 Grantee: THE CITY OF FORT WORTH, TEXAS, A MUNICIPAL CORPORATION Grantee's Mailing Address (including County): 200 TEXAS STREET FORT WORTH, TARRANT COUNTY, TEXAS 76102 Consideration: TEN AND NO/100--- ($10.00) --- DOLLARS and other good and valuable consideration, the receipt of which is hereby acknowledged and confessed Property (including any improvements): BEING A TRACT OF LAND SITUATED IN TARRANT COUNTY, TEXAS AND BEING MORE PARTICULARLY DESCRIBED ON EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF FOR ALL PURPOSES. Reservations from Conveyance: A. THIS CONVEYANCE IS MADE SUBJECT TO AND THERE IS EXCEPTED HEREFROM, ALL OIL, GAS AND OTHER MINERALS AND ROYALTIES HERETOFORE RESERVED OR CONVEYED TO OTHERS AND GRANTOR HEREBY EXCEPTS AND RESERVES UNTO GRANTOR, GRANTOR'S HEIRS SUCCESSORS AND ASSIGNS FOREVER, ALL REMAINING OIL, GAS AND OTHER MINERALS IN AND UNDER AND THAT MAY BE PRODUCED FROM THE PROPERTY DESCRIBED HEREIN. IF THE MINERAL ESTATE IS SUBJECT TO EXISTING PRODUCTION OR AN EXISTING LEASE, THIS RESERVATION INCLUDES THE PRODUCTION, THE LEASE AND ALL BENEFITS FROM IT. GRANTOR DOES HEREBY EXPRESSLY RELEASE AND WAIVE, ON BEHALF OF THE GRANTOR AND THE GRANTOR'S HEIRS, SUCCESSORS, AND ASSIGNS, ALL RIGHTS General Warranty Deed Page -13 - of 18 Dana Lavon Pondt to the City of Fort Worth OF INGRESS AND EGRESS, AND ANY AND ALL OTHER RIGHTS OF EVERY KIND AND CHARACTER WHATSOEVER, TO ENTER UPON AND USE ANY PART OF THE SURFACE OF THE PROPERTY FOR ANY PURPOSE INCIDENT TO EXPLORING FOR, DEVELOPING, DRILLING FOR, PRODUCING, TRANSPORTING, MINING, TREATING, OR STORING THE OIL, GAS AND OTHER MINERALS IN, ON, AND UNDER THE SUBJECT PROPERTY. B. NOTHING HEREIN CONTAINED SHALL EVER BE CONSTRUED TO PREVENT THE GRANTOR, OR THE GRANTOR'S HEIRS, SUCCESSORS, OR ASSIGNS, FROM DEVELOPING OR PRODUCING THE OIL, GAS AND OTHER MINERALS IN AND UNDER THE PROPERTY BY POOLING OR BY DIRECTIONAL DRILLING UNDER THE PROPERTY FROM WELL SITES LOCATED ON TRACTS OUTSIDE THE PROPERTY. Exceptions to Conveyance and Warranty: This conveyance is expressly made by Grantor and accepted by Grantee subject to the permitted encumbrances on the attached Exhibit "B," attached hereto and incorporated herein for all purposes. Grantor, for the consideration expressed herein and subject only to the Reservations from Conveyance and the Exceptions to Conveyance and Warranty, grants, sells, and conveys to Grantee the Property, together with all and singular the rights and appurtenances thereto in any way belonging, to have and to hold it to Grantee and Grantee's heirs, successors, and assigns forever. Grantor binds Grantor and Grantor's heirs and successors to warrant and forever defend all and singular the Property to Grantee and Grantee's heirs, successors, and assigns against every person whomsoever lawfully claiming or to claim the same or any part thereof, except as to the Reservations from Conveyance and the Exceptions to Conveyance and Warranty, This document may be executed in multiple counterparts, each of which will be deemed an original, but which together will constitute one instrument. When the context requires, singular nouns and pronouns include the plural. [signature page follows] General Warranty Deed Page - 14 - of 18 Dana Lavon Pondt to the City of Fort Worth Csi 7:\►111C�]:ice �7\�/� 1_I\�[�]�� Z�7�1�11 Un Dana Lavon Pondt Date: NOTICE: This document affects your legal rights. Read it carefully before signing. (Acknowledgment) THE STATE OF TEXAS COUNTY OF TARRANT This instrument was acknowledged before me on by Dana Lavon Pondt. [SEAL] General Warranty Deed Dana Lavon Pondt to the City of Fort Worth Notary Public My commission expires: Page -15-of18 ACCEPTED AND AGREED TO: CITY OF FORT WORTH Dana Burghdoff, Assistant City Manager I:199:Z1]V/INIX.%V to] 01;7uF,I\I7Q00QY&Is Y Matthew A. Murray Assistant City Attorney M&C: 24-0207 Date: March 19, 2024 (Acknowledgment) THE STATE OF TEXAS § COUNTY OF TARRANT § BEFORE ME, the undersigned authority, on this day personally appeared Dana Burghdoff, Assistant City Manager for the City of Fort Worth, known to me to be the person and officer whose name is subscribed to the foregoing instrument, and acknowledged to me that she executed the same as the act and deed and on behalf of the City of Fort Worth, a municipal corporation of Tarrant County, Texas, for the purposes and consideration therein expressed. GIVEN UNDER MY HAND AND SEAL OF OFFICE, this day of 2024. Notary Public [SEAL] AFTER RECORDING RETURN TO: CITY OF FORT WORTH, A MUNICIPAL CORPORATION c/o PROPERTY MANAGEMENT DEPARTMENT 200 TEXAS STREET FORT WORTH, TEXAS 76102 General Warranty Deed Page - 16 - of 18 Dana Lavon Pondt to the City of Fort Worth EXHIBIT "A" THE PROPERTY Lot 11, Block 35, Sabine Place No. 6, an Addition to the City of Fort Worth, Tarrant County, Texas according the plat thereof recorded in Volume 388-10, Page 16, Plat Records, Tarrant County, Texas, Texas (Tarrant Appraisal District Account No. 02634368) General Warranty Deed Page - 17 - of 18 Dana Lavon Pondt to the City of Fort Worth EXHIBIT "B" PERMITTED ENCUMBRANCES 1. The following, all according to the Plat recorded in Volume 388-10, Page 16, Plat Records, Tarrant County, Texas: (a) 25-foot building line; (b) 5-foot utility easement. 2. Easement and rights incidental thereto, as granted in a document: Granted to: The Illinois Pipe Line Company Purpose: As provided in said document Recording Date: July 1, 1932 Recording No: Volume 1166, Page 276, Real Property Records, Tarrant County, Texas, as affected by Agreement dated June 24, 1981, executed by and between A.M. Leal and wife, America Leal and The Permian Corporation, filed July 14, 1981, recorded in Volume 7151, Page 604, Real Property Records, Tarrant County, Texas 3. Lease for coal, lignite, oil, gas or other minerals, together with rights incident thereto, dated January 15, 2007, by and between Richard Humphries, as Lessor, and Keystone Exploration, Ltd., a Texas limited partnership, as Lessee, filed February 6, 2007, recorded under Clerk's File No. D207043139, Real Property Records, Tarrant County, Texas General Warranty Deed Page - 18 - of 18 Dana Lavon Pondt to the City of Fort Worth ALTA SURVEY Scale: 9" = 20 ' Being all of Lot 11, Block 35, of the Sabine Place No. 6 Addition, /g �Rp an Addition to the City of Fort Worth, in r)IS77IRBED Tarrant County, Texas, recorded in Volume 388-10, Page 16, • in the Plat Records of Tarrant County, Texas L 36 �� • s/P..�F voi saas"BYEX zi C P.RT.C.T t� LOT 10 5 a LOT 10 5 q g NT I \\VIA 1 (m i VOL. 3B8S1�TPo. 18 - .. cs �-� •—• — — — — — — — F.R.T. 1/2" IRF W I APPROXIMATE LOCATION OF--, ABSTRACT LINE j ��j w 1 �F'Lz165 2.I88� '. �CQF ('I' RCIP0INWU P s� DRAI 0UTfL B R11 TJD WAY 65V�ATOOT. III \ LOT81 aI LEGEND C. M. - • - m - O - ® — CO — MHWW D.R. T.C. T. — P.R.T.C.T. — INST. NO. — ea OE 8-9.5V4O' g BF S • ,—• ••P•• CHF J1/RS XF 1s ' —%577/''6—/32/"i—/E/ ,iBNR/G — UST—— 3Pg8. p8-Tgf0Ly:$T � 18, ' /0d'/-1N19 ' /A8:T7///////////j wool' FaNca BLOCK 15-T8RU"B-HA co DRIVNAY LASKOINDUSTRIAL p j INST. NO. D215113463 > o:::>'.>' / / j mLTI1 P.R.T.C.T. 7-4! ; o 4• % y� % 0.1783ACRES AGNL BLADE, L.P. INST. NO. D217032061- M. 0 (7,766 SQ. FT.) .,,; j �o j o D.R.T.C.Tui p Ny�0 o 2 MAt°XIIAYot�. e / Eo o m / 6' voL sad-6 S6NENT00 � N . F v WBp��BT RON \ MOOD FBNC - - _ _. ..�._ ..�...... ... ........ ..�__.. __ �..._..._..� N 99°57'32" W 119.42' _ _. yg Afi TO \ \ SABINE PLACE NO.6 ADDITION I� i� \ \ \ VOL. 388-10, PG.16 P.R.T.C.T. h N \ B.•A�i,JPjTCogY \\\ \\��'' azQ�'°z I IV t�U-!E�dF in LOT12 \ \ 25' BUILDING 44*6_ \ \ I �--- ---------------------- - 12.5' BUILDING_ LINE_.; \i � ' L — — — — — — — — — 1_ I I I I L I/L2" IRF TERMINAL ROAD 80' RIGHT-OF-WAY I SURVEYOR'S CERTIFICATE I CONTROLLING MONUMENT MONUMENT FOUND OR SET AS NOTED WATER METER IRRIGATION CONTROL VALVE POWER POLE ELEC. JUNCTION BOX ELEC. METER AIR CONDITIONER STORM MANHOLE SIGN GAS METER CLEANOUT WASTEWATER MANHOLE DEED RECORDS TARRANT COUNTY TEXAS PLAT RECORDS TARRANT COUNTY TEXAS INSTRUMENT NUMBER Notes: 1. Bearings are based on the Texas State Plane Coordinate System, North Central Zone, North American Da um of 1983 (2011 adjustment) TO: City of Fort Worth, and its successors and assigns This is to certify that this Map or Plat and the Survey on which it is based were made in accordance with the 'MINIMUM STANDARD DETAIL RESO EMENTS FOR ALTA/NSPS LAND TITLE SURVEYS", effective February 23, 2021, jointly established and adopted by ALTA and NSPS, and includes items 2, 3, 4, 8, 14, 16 of Table A thereof EXECUTED this 21 st day of March, 2024 r'�e``ei1�f�Fo ............ .........::... pATRICK J. BALMSAM Patrick J. ldasaro • ..........................:.. Register rofessional Land 5504 �:` Surveyyor o.5504 14,0 s�o�p 200 W. Belmont Dr., Suite D ,No suit���� Allen, TX 75013 2. Survey was prepared without the benefit of Title Commitment. 3. The subject property lies in Zone "AE", shaded and striped, an area where the floodway is the channel of a stream lus any ad9'eacent floodplain areas that must be kept free o, encroachment so that the 1% annual chance flood can be carried without substantial increases in flood heights according to FEMA Map No. 48439CO180L, dated March 2ISt 2019. 4. 70.0' to nearest intersectina street (Terminal Rd.) City of Fort Worth o rth Fort Texas Street ` I r �/ �/ Fort Worth, Texas Legislation Details File #: M&C 24-0207 Version: 1 Name: Type: Land Consent Status: Passed File created: 3/13/2024 In control: CITY COUNCIL On agenda: 3/19/2024 Final action: 3/19/2024 Title: (CD 2) Authorize Acquisition of a Fee Simple Interest in 0.1783 Acres from Improved Property Owned by Dana L. Pondt Located at 4104 Weber Street, Fort Worth, Tarrant County, Texas 76106 in the Amount of $175,000.00, Pay Estimated Closing Costs in an Amount Up to $5,000.00 for a Total Cost of $180,000.00, and Authorize Eligible Payments for Tenant Relocation in an Amount Up to $28,140.00 and Eligible Tenant Moving Expenses in an Amount Up to $3,000.00 for the Lebow Channel Flood Mitigation Project Sponsors: Indexes: Code sections: Attachments: 1. M&C 24-0207, 2. 4104 Weber St Map.pdf, 3. 21 CPN 103069_CouncilMap_1 WORD.pdf, 4. South Lot.pdf Date Ver. Action By Action Result 3/19/2024 1 CITY COUNCIL Approved City of Fort Worth Page 1 of 1 Printed on 3/27/2024 powered by Legistar- Alamo Title Company R ft Alamo T i T L E 4217 Camp Bowie Blvd, 3rd Floor, Ft Worth, TX 76107 Phone: (817)370-7393 1 Fax: (817)370-6131 MASTER STATEMENT Settlement Date: March 18, 2024 Escrow Number: 6000182300722 Disbursement Date: March 18, 2024 Escrow Officer: Lavonne Keith Buyer: City of Fort Worth 900 Monroe Street, Ste. 400 Fort Worth, TX 76102 Seller: Dana Lavon Pondt 11 Hemingsford Ct. Arlington, TX 76016 Property: 4104 Weber St. Fort Worth, TX 76106 Lot(s): 11 Block: 35 Sabine Place Addition SELLER $ DEBITS $ CREDITS BUYER $ DEBITS $ CREDITS FINANCIAL CONSIDERATION 175,000.00 Contract sales price 175,000.00 TITLE & ESCROW CHARGES Settlement or closing fee to Alamo Title Company 675.00 Escrow Fee Owner's title insurance to Texas Title Insurance 2.00 Guaranty Association Owner's title insurance to Alamo Title Company 1,227.00 50.00 Document Preparation Fee to Newman & Lawler, P. C. Policies to be issued: Owners Policy Coverage: $175,000.00 Premium: $1,227.00 Version: Owner's Policy of Title Insurance (T-1) - 2014 GOVERNMENT CHARGES Government recording charges to Alamo Title 39.00 Company MISCELLANEOUS CHARGES 1,776.28 Property taxes 2nd half of 2023 to Tarrant County Tax Assessor -Collector 2,795.46 Estimated 2024 tax prortion 1-1-24 to 3-18-24 to Tarrant County Tax Assessor -Collector 4,621.74 175,000.00 Subtotals 176,943.00 Balance Due FROM Buyer 176,943.00 170,378.26 Balance Due TO Seller 175,000.00 175,000.00 TOTALS 176,943.00 176,943.00 APPROVED and ACCEPTED Buyer and Seller understand the Closing or Escrow Agent has assembled this information representing the transaction from the best information available from other sources and cannot guarantee the accuracy thereof. Any real estate agent or lender involved may be furnished a copy of this Statement. Buyer and Seller understand that tax and insurance prorations and reserves were based on figures for the preceding year or supplied by others or estimates for current year, and in the event of any change for current year, all necessary adjustments must be made between Buyer and Seller direct. The undersigned hereby authorizes Alamo Title Company to make expenditures and disbursements as shown and approves same for payment. The undersigned also acknowledges receipt of Loan Funds, if applicable, in the amount shown above and a receipt of a copy of this Statement. I have carefully reviewed the Settlement Statement and to the best of my knowledge and belief, it is a true and accurate statement of all receipts and disbursements made on my account or by me in this transaction. I further certify that I have received a copy of the Settlement Statement. SELLER: BUYER: Dana Lavon Pondt City of Fort Worth BY: Dana Burghdoff Assistant City Manager Page 1 of 2 (6000182300722/29) March 19, 2024 04:05 PM MASTER STATEMENT - Continued To the best of my knowledge, the Settlement Statement which I have prepared is a true and accurate account of the funds which were received and have been or will be disbursed by the undersigned as part of the settlement of this transaction. Alamo Title Company Settlement Agent Page 2 of 2 (6000182300722/29) March 19, 2024 04:05 PM DELETION OF ARBITRATION PROVISION (Not applicable to the Texas Residential Owner's Policy) ARBITRATION is a common form of alternative dispute resolution. It can be a quicker and cheaper means to settle a dispute with your Title Insurance Company. However, if you agree to arbitrate, you give up your right to take the Title Insurance Company to court and your rights to discovery of evidence may be limited in the arbitration process. In addition, you cannot usually appeal an arbitrator's award. Your policy contains an arbitration provision (shown below). It allows you or the Company to require arbitration if the amount of insurance is $2,000,000 or less. If you want to retain your right to sue the Company in case of a dispute over a claim, you must request deletion of the arbitration provision before the policy is issued. You can do this by signing this form and returning it to the Company at or before the closing of your real estate transaction or by writing to the Company. The arbitration provision in the Policy is as follows: "Either the Company or the Insured may demand that the claim or controversy shall be submitted to arbitration pursuant to the Title Insurance Arbitration Rules of the American Land Title Association ("Rules"). Except as provided in the Rules, there shall be no joinder or consolidation with claims or controversies of other persons. Arbitrable matters may include, but are not limited to, any controversy or claim between the Company and the Insured arising out of or relating to this policy, any service in connection with its issuance or the breach of a policy provision, or to any other controversy or claim arising out of the transaction giving rise to this policy. All arbitrable matters when the Amount of Insurance is $2,000,000 or less shall be arbitrated at the option of either the Company or the Insured, unless the Insured is an individual person (as distinguished from an Entity). All arbitrable matters when the Amount of Insurance is in excess of $2,000,000 shall be arbitrated only when agreed to by both the Company and the Insured. Arbitration pursuant to this policy and under the Rules shall be binding upon the parties. Judgment upon the award rendered by the Arbitrator(s) may be entered in any court of competent jurisdiction." Signature Date FORM T-7: Commitment for Title Insurance (Deletion of Arbitration Provision) (01/03/14) NOTICE OF SETTLEMENT AGENT RESPONSIBILITY Lavonne Keith, Escrow Officer Date: March 19, 2024 Alamo Title Company Escrow No.: 6000182300722 4217 Camp Bowie Blvd, 3rd Floor Seller(s): Dana Lavon Pondt Ft Worth, TX 76107 Buyer(s): City of Fort Worth Phone: (817)370-7393 Fax: (817)370-6131 Property: 4104 Weber St. Fort Worth, TX 76106 The Foreign Investment in Real Property Tax Act (FIRPTA), Title 26 U.S.C., Section 1445, and the regulations there under, provide in part, that a transferee (buyer) of a U.S. real property interest from a foreign person must withhold a statutory percentage of the amount realized on the disposition, report the transaction and remit the withholding to the Internal Revenue Service (IRS) within twenty (20) days after the transfer. Alamo Title Company will not determine nor aid in the determination of whether the FIRPTA withholding provisions are applicable to the subject transaction, nor act as a Qualified Substitute under state or federal law, nor furnish tax advice to any party to the transaction. Alamo Title Company will not determine nor aid in the determination of whether the transaction will qualify for an exception or an exemption and is not responsible for the filing of any tax forms with the IRS as they relate to FIRPTA, nor responsible for collecting and holding of any documentation from the buyer or seller on the buyer's behalf for the purpose of supporting a claim of an exception or exemption. Alamo Title Company is not an agent for the buyer for the purposes of receiving and analyzing any evidence or documentation that the seller in the subject transaction is a U.S. citizen or resident alien. Alamo Title Company is not responsible for the payment of this tax and/or penalty and/or interest incurred in connection therewith and such taxes are not a matter covered by the Owner's Policy of Title Insurance to be issued to the buyer. Alamo Title Company is not responsible for the completion of any IRS documents or related forms related to the referenced statute. The buyer is advised: they must independently make a determination of whether the contemplated transaction is subject to the withholding requirement; bear full responsibility for compliance with the withholding requirement if applicable and/or for payment of any tax, interest, penalties and/or other expenses that may be due on the subject transaction; and they are responsible for the completion of any and all forms, including but not limited to applicable IRS documentation, and the mailing of those forms. The Buyer is advised any forms, documents, or information received from Alamo Title Company is not tax or legal advice and should not be construed as such nor treated as a complete representation of FIRPTA requirements. Buyer should seek outside counsel from a qualified individual to determine any and all implications of the referenced statute. IN WITNESS WHEREOF, the undersigned have executed this document on the date(s) set forth below. PURCHASER(S): City of Fort Worth Dana Burghdoff Assistant City Manager Date Notice of Settlement Agent Responsibility I W I tllaMOTITLE SSTXD00237.doc MWAlamOTITLE Alamo Title Company 4217 Camp Bowie Blvd, 3rd Floor Ft Worth, TX 76107 Phone (817)370-7393 * Fax (817)370-6131 Date: March 19, 2024 GF#: 6000182300722 Property Address: 4104 Weber St., Fort Worth, TX 76106 WIRING INSTRUCTIONS REFERENCE: GF#: 6000182300722 Name: City of Fort Worth Attn: Lavonne Keith WIRE TO: Wells Fargo ABA #: 121000248 CREDIT TO: Alamo Title Company Escrow Account Acct. #: 4125266544 FRAUD ALERT! PLEASE READ THESE WIRE INSTRUCTIONS WILL NOT CHANGE If you receive ANY communications attempting to change these instructions, please immediately call your escrow officer at (817)370-7393. Always verbally verify wire instructions with us before initiating a wire transfer. PLEASE BE ADVISED THAT WE WILL ACCEPT ONLY WIRE TRANSFERS. WE CANNOT ACCEPT ACH DEPOSITS, PHONE FUNDS TRANSFERS OR OTHER TYPES OF ELECTRONIC PAYMENTS/CREDITS. THESE INSTRUCTIONS ARE FOR THE PURPOSE OF SENDING WIRE TRANSFERS ONLY. Explanation: ACHS are typically created via online banking. While your bank may indicate you are sending a "wire" if you are initiating this "wire" online, you are in fact creating an ACH. Please contact your Bank for their wire process. NO ACHS, Electronic Payments/Credits or phone funds transfers will be accepted, and sending any funds via ACH, Electronic Payment/Credits or phone funds transfers will result in a delay in funding. These are the Wiring Instructions for this transaction, they will not change. In an effort to increase security, should you receive any request to change these instructions, please call Lavonne Keith (Closer) at (817)370-7393. WIRING INSTRUCTIONS I W I AMMOTITLE TXFNFESC_Wiring Instructions.doc COMMITMENT FOR TITLE INSURANCE (T-7) Issued By: Commitment Number: MW ' Alamo Title Insurance 6000182300722 THE FOLLOWING COMMITMENT FOR TITLE INSURANCE IS NOT VALID UNLESS YOUR NAME AND THE POLICY AMOUNT ARE SHOWN IN SCHEDULE A, AND OUR AUTHORIZED REPRESENTATIVE HAS COUNTERSIGNED BELOW. We (Alamo Title Insurance, a Texas corporation) will issue our title insurance policy or policies (the Policy) to You (the proposed insured) upon payment of the premium and other charges due, and compliance with the requirements in Schedule C. Our Policy will be in the form approved by the Texas Department of Insurance at the date of issuance, and will insure your interest in the land described in Schedule A. The estimated premium for our Policy and applicable endorsements is shown on Schedule D. There may be additional charges such as recording fees, and expedited delivery expenses. This Commitment ends ninety (90) days from the effective date, unless the Policy is issued sooner, or failure to issue the Policy is our fault. Our liability and obligations to you are under the express terms of this Commitment and end when this Commitment expires. Alamo Title Insurance By: Issued l Alamo Title Company Michael J. Nolan, President ,�P Attest: AX no -- Authors ed Signatory Marjorie Nemzura, Secretary CONDITIONS AND STIPULATIONS 1. If you have actual knowledge of any matter which may affect the title or mortgage covered by this Commitment that is not shown in Schedule B you must notify us in writing. If you do not notify us in writing, our liability to you is ended or reduced to the extent that your failure to notify us affects our liability. If you do notify us, or we learn of such matter, we may amend Schedule B, but we will not be relieved of liability already incurred. 2. Our liability is only to you, and others who are included in the definition of Insured in the Policy to be issued. Our liability is only for actual loss incurred in your reliance on this Commitment to comply with its requirements, or to acquire the interest in the land. Our liability is limited to the amount shown in Schedule A of this Commitment and will be subject to the following terms of the Policy: Insuring Provisions, Conditions and Stipulations, and Exclusions. Form T-7: Commitment for Title Insurance (01/03/14) TX--SPS-1-24-6000182300722 ALAMO TITLE INSURANCE COMMITMENT NO.: 6000182300722 SCHEDULE A Effective Date: March 6, 2024 at 8:00 AM Commitment No.: 6000182300722 1. The policy or policies to be issued are: a. OWNER'S POLICY OF TITLE INSURANCE (Form T-1) (Not applicable for improved one -to -four family residential real estate) Policy Amount: $175,000.00 PROPOSED INSURED: City of Fort Worth b. TEXAS RESIDENTIAL OWNER'S POLICY OF TITLE INSURANCE ONE -TO -FOUR FAMILY RESIDENCES (Form T-1R) Policy Amount: PROPOSED INSURED: c. LOAN POLICY OF TITLE INSURANCE (Form T-2) Policy Amount: PROPOSED INSURED: Proposed Borrower: GF No.: ATD-18-6000182300722 Issued: March 19, 2024 at 8:00 AM d. TEXAS SHORT FORM RESIDENTIAL LOAN POLICY OF TITLE INSURANCE (Form T-2R) Policy Amount: PROPOSED INSURED: Proposed Borrower: e. LOAN TITLE POLICY BINDER ON INTERIM CONSTRUCTION LOAN (Form T-13) Policy Amount: PROPOSED INSURED: Proposed Borrower: f. OTHER Policy Amount: PROPOSED INSURED: 2. The interest in the land covered by this Commitment is: Fee Simple 3. Record title to the land on the Effective Date appears to be vested in: Dana Lavon Pondt 4. Legal description of land: Lot 11, Block 35, Sabine Place No. 6, an Addition to the City of Fort Worth, Tarrant County, Texas, accoridng to the Plat thereof recorded in Volume 388-10, Page 16, Plat Records, Tarrant County, Texas. END OF SCHEDULE A Form T-7: Commitment for Title Insurance (01/03/14) TX ---- SPS-1-24-6000182300722 ALAMO TITLE INSURANCE COMMITMENT NO.: 6000182300722 SCHEDULE B EXCEPTIONS FROM COVERAGE Commitment No.: 6000182300722 GF No.: ATD-18-6000182300722 In addition to the Exclusions and Conditions and Stipulations, your Policy will not cover loss, costs, attorney's fees, and expenses resulting from: 4 The following restrictive covenants of record itemized below (We must either insert specific recording data or delete this exception): Volume 388-10, Page 16, Plat Records, Tarrant County, Texas Omitting any covenants or restrictions, if any, including but not limited to those based upon race, color, religion, sex, sexual orientation, familial status, marital status, disability, handicap, national origin, ancestry, or source of income, as set forth in applicable state or federal laws, except to the extent that said covenant or restriction is permitted by applicable law. Any discrepancies, conflicts, or shortages in area or boundary lines, or any encroachments or protrusions, or any overlapping of improvements. Homestead or community property or survivorship rights, if any of any spouse of any insured. (Applies to the Owner Policy only.) Any title or rights asserted by anyone, including, but not limited to, persons, the public, corporations, governments or other entities, a. to tidelands, or lands comprising the shores or beds of navigable or perennial rivers and streams, lakes, bays, gulfs or oceans, or b. to lands beyond the line of the harbor or bulkhead lines as established or changed by any government, or C. to filled -in lands, or artificial islands, or d. to statutory water rights, including riparian rights, or e. to the area extending from the line of mean low tide to the line of vegetation, or the rights of access to that area or easement along and across that area. (Applies to the Owner Policy only.) Standby fees, taxes and assessments by any taxing authority for the year 2024 and subsequent years; and subsequent taxes and assessments by any taxing authority for prior years due to change in land usage or ownership; but not those taxes or assessments for prior years because of an exemption granted to a previous owner of the property under Section 11.13, Texas Tax Code, or because of improvements not assessed for a previous tax years. (If Texas Short Form Residential Mortgagee Policy of Title Insurance (T-2R) is issued, that policy will substitute "which become due and payable subsequent to Date of Policy" in lieu of "for the year 2024 and subsequent years.") The terms and conditions of the documents creating your interest in the land. Form T-7: Commitment for Title Insurance (01/03/14) TX ---- SPS-1-24-6000182300722 ALAMO TITLE INSURANCE COMMITMENT NO.: 6000182300722 SCHEDULE B EXCEPTIONS FROM COVERAGE (continued) 7. Materials furnished or labor performed in connection with planned construction before signing and delivering the lien document described in Schedule A, if the land is part of the homestead of the owner. (Applies to the Mortgagee Title Policy Binder on Interim Construction Loan only, and may be deleted if satisfactory evidence is furnished to us before a binder is issued.) Liens and leases that affect the title to the land, but that are subordinate to the lien of the insured mortgage. (Applies to Mortgagee Policy (T-2) only.) The Exceptions from Coverage and Express Insurance in Schedule B of the Texas Short Form Residential Mortgagee Policy of Title Insurance (T-2R). (Applies to Texas Short Form Residential Mortgagee Policy of Title Insurance (T-2R) only. Separate exceptions 1 through 8 of this Schedule B do not apply to the Texas Short Form Residential Mortgagee Policy of Title Insurance (T-2R). 10. The following matters and all terms of the documents creating or offering evidence of the matters (We must insert matters or delete this exception): a. Rights of parties in possession. b. The following exception will appear in any policy issued (other than the T-1 R Residential Owner Policy of Title Insurance and the T-2R Short -Form Residential Mortgagee Policy) if the Company is not provided a survey of the Land, acceptable to the Company, for review at or prior to closing: Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the title that would be disclosed by an accurate and complete land survey of the Land. Note: Upon receipt of a survey acceptable to the Title Company, this exception will be deleted. The Company reserves the right to except additional items and/or make additional requirements after reviewing said survey. Form T-7: Commitment for Title Insurance (01/03/14) TX ---- SPS-1-24-6000182300722 ALAMO TITLE INSURANCE COMMITMENT NO.: 6000182300722 SCHEDULE B EXCEPTIONS FROM COVERAGE (continued) C. If any portion of the proposed loan and/or the Owner's Title Policy coverage amount includes funds for immediately contemplated improvements, the following exceptions will appear in Schedule B of any policy issued as indicated: Owner and Loan Policy(ies): Any and all liens arising by reason of unpaid bills or claims for work performed or materials furnished in connection with improvements placed, or to be placed, upon the subject land. However, the Company does insure the insured against loss, if any, sustained by the Insured under this policy if such liens have been filed with the County Clerk of County, Texas, prior to the date hereof. Owner Policy(ies) Only: Liability hereunder at the date hereof is limited to $ 0.00. Liability shall increase as contemplated improvements are made, so that any loss payable hereunder shall be limited to said sum plus the amount actually expended by the insured in improvements at the time the loss occurs. Any expenditures made for improvements, subsequent to the date of this policy, will be deemed made as of the date of this policy. In no event shall the liability of the Company hereunder exceed the face amount of this policy. Nothing contained in this paragraph shall be construed as limiting any exception or any printed provision of this policy. Loan Policy(ies) Only: Pending disbursement of the full proceeds of the loan secured by the lien instrument set forth under Schedule A hereof, this policy insures only to the extent of the amount actually disbursed, but increase as each disbursement is made in good faith and without knowledge of any defect in, or objections to, the title up to the face amount of the policy. Nothing contained in this paragraph shall be construed as limiting any exception under Schedule B, or any printed provision of this policy. d. All leases, grants, exceptions or reservations of coal, lignite, oil, gas and other minerals, together with all rights, privileges, and immunities relating thereto, appearing in the Public Records whether listed in Schedule B or not. There may be leases, grants, exceptions or reservations of mineral interest that are not listed. e. All leases, grants, exceptions or reservations of the geothermal energy and associated resources below the surface of the Land, together with all rights, privileges, and immunities relating thereto, appearing in the Public Records whether listed in Schedule B or not. There may be leases, grants, exceptions or reservations of the geothermal energy and associated resources below the surface of the Land that are not listed. The following, all according the Plat recorded in Volume 388-10, Page 16, Plat Records, Tarrant County, Texas: (a) 25 foot building line; (b) 5 foot utility easement(s) g. Easement(s) and rights incidental thereto, as granted in a document: Granted to: The Illinois Pipe Line Company Purpose: As provided in said document Recording Date: July 1, 1932 Recording No: Volume 1166, Page 276, Real Property Records, Tarrant County, Texas, as affected by Agreement dated June 24, 1981, executed by and between A.M. Leal and wife, America Leal and The Permian Corporation, filed July 14, 1981, recorded in Volume 7151, Page 604, Real Property Records, Tarrant County, Texas h. Lease for coal, lignite, oil, gas or other minerals, together with rights incident thereto, dated January 15, 2007, by and between Richard Humphries, as Lessor, and Keystone Exploration, Ltd., a Texas limited Form T-7: Commitment for Title Insurance (01/03/14) TX ---- SPS-1-24-6000182300722 ALAMO TITLE INSURANCE COMMITMENT NO.: 6000182300722 SCHEDULE B EXCEPTIONS FROM COVERAGE (continued) partnership, as Lessee, filed February 6, 2007, recorded under Clerk's File No. D207043139, Real Property Records, Tarrant County, Texas. Reference to which instrument is here made for particulars. No further search of title has been made as to the interest(s) evidenced by this instrument, and the Company makes no representation as to the ownership or holder of such interest(s). Affected by Assignment, Conveyance and Bill of Sale dated January 28, 2008, filed February 20, 2008, recorded under Clerk's File No. D208057377, Real Property Records, Tarrant County, Texas and by Ratification and Amendment of Oil, Gas and Mineral Lease dated July 10, 2009, filed July 13, 2009, recorded under Clerk's File No. D209186630, Real Property Records, Tarrant County, Texas. Form T-7: Commitment for Title Insurance (01/03/14) TX ---- SPS-1-24-6000182300722 ALAMO TITLE INSURANCE COMMITMENT NO.: 6000182300722 SCHEDULE C Commitment No.: 6000182300722 GF No.: ATD-18-6000182300722 Your Policy will not cover loss, costs, attorneys' fees, and expenses resulting from the following requirements that will appear as Exceptions in Schedule B of the Policy, unless you dispose of these matters to our satisfaction, before the date the Policy is issued: Documents creating your title or interest must be approved by us and must be signed, notarized and filed for record. Satisfactory evidence must be provided that: a. no person occupying the land claims any interest in that land against the persons named in paragraph 3 of Schedule A, b. all standby fees, taxes, assessments and charges against the property have been paid, C. all improvements or repairs to the property are completed and accepted by the owner, and that all contractors, sub -contractors, laborers and suppliers have been fully paid, and that no mechanic's, laborer's or materialmen's liens have attached to the property, d. there is legal right of access to and from the land, e. (on a Mortgagee Policy only) restrictions have not been and will not be violated that affect the validity and priority of the insured mortgage. You must pay the seller or borrower the agreed amount for your property or interest. 4. Any defect, lien or other matter that may affect title to the land or interest insured, that arises or is filed after the effective date of this Commitment. 5. Prior approval from Regional Underwriting must be obtained if the subject transaction involves the proposed issuance of (i) an Owner's Policy to a person or entity who purchased the subject property at a foreclosure sale, or (ii) a Loan Policy insuring a lien granted by such person or entity on the subject property. 6. Please be advised that our search did not disclose any open Deeds of Trust of record. If you should have knowledge of any outstanding obligation, please contact the Title Department immediately for further review prior to closing. 7. The Company must be furnished with a properly executed Affidavit of Debts and Liens from the owner(s). 8. The Company must be furnished with a marital affidavit from each record owner from the date of his/her acquisition of subject property to the present time. The spouse of each record owner must join in any conveyance of subject property. 9. Note: The name(s) of the proposed insured(s) furnished with this application for title insurance is/are: Name(s) furnished: City of Fort Worth If these name(s) are incorrect, incomplete or misspelled, please notify the Company. 10. The Company must be furnished evidence of the authority and/or capacity of the party executing the conveying document. Form T-7: Commitment for Title Insurance (01/03/14) TX ---- SPS-1-24-6000182300722 ALAMO TITLE INSURANCE COMMITMENT NO.: 6000182300722 SCHEDULE C (continued) 11. The following note is for informational purposes only: The following deed(s) affecting said land were recorded within twenty-four (24) months of the date of this report: None found of record. The last Deed found of record affecting the Land was filed December 20, 2012, recorded under Clerk's File No. D212311386, Real Property Records, Tarrant County, Texas, wherein the grantee acquired the subject property. 12. Note —Important Notice You have the right to have your funds deposited in an interest -bearing account. If you choose to establish an interest -bearing account for your deposit, notify your escrow officer immediately. Thereafter you will be provided with a Notice of Election form which you should complete in writing by completing and returning the form, along with your taxpayer identification information, not later than five (5) days before the scheduled closing. If you choose to establish an interest -bearing account for your deposit, an additional charge of $50.00 will be required. This charge may exceed the amount of interest to be earned on the deposit, depending on the amount, applicable interest rate, and the duration of the deposit. As an example, the amount of interest you can earn on a deposit of $1000.00 for a thirty -day period at an interest rate of 4% is $3.33. Interest earned is dependent on the amount of deposit, time of deposit and the applicable interest rate. If you do not choose to establish an interest -bearing account for your deposit, your funds will be deposited with other escrow funds in your escrow agent's general escrow account with an authorized financial institution and may be transferred to another general escrow account or accounts. By reason of the banking relationship between our Company and the financial institution, the Company may receive an array of bank services, accommodations or other benefits. The escrow funds will not be affected by such services, accommodations or other benefits. Failure to notify your escrow officer and complete the additional required investment authorization form shall constitute waiver of any intention of establishing an interest -bearing account for your deposit(s). 13. Except in an exempt transaction, the Company must be furnished with seller's social security number or tax identification number and all other information necessary to complete IRS Form 1099S. 14. The Company and its policy issuing agents are required by Federal law to collect additional information about certain transactions in specified geographic areas in accordance with the Bank Secrecy Act. If this transaction is required to be reported under a Geographic Targeting Order issued by FinCEN, the Company or its policy issuing agent must be supplied with a completed ALTA Information Collection Form ("ICF") prior to closing the transaction contemplated herein. 15. As to any document creating your title or interest that will be executed or recorded electronically, or notarized pursuant to an online notarization, the following requirements apply: • Confirmation prior to closing that the County Clerk of Tarrant County, Texas has approved and authorized electronic recording of electronically signed and notarized instruments in the form and format that is being used. • Electronic recordation of the instruments to be insured in the Official Public Records of Tarrant County, Texas. • Execution of the instruments to be insured pursuant to the requirements of the Texas Uniform Electronic Transactions Act, Chapter 322 of the Business and Commerce Code. Form T-7: Commitment for Title Insurance (01/03/14) TX ---- SPS-1-24-6000182300722 ALAMO TITLE INSURANCE COMMITMENT NO.: 6000182300722 SCHEDULE C (continued) • Acknowledgement of the instruments to be insured by a notary properly commissioned as an online notary public by the Texas Secretary of State with the ability to perform electronic and online notarial acts under 1 TAC Chapter 87. Form T-7: Commitment for Title Insurance (01/03/14) TX ---- SPS-1-24-6000182300722 ALAMO TITLE INSURANCE COMMITMENT NO.: 6000182300722 SCHEDULE D Commitment No.: 6000182300722 GF No.: ATD-18-6000182300722 Pursuant to the requirements of Rule P-21, Basic Manual of Rules, Rates and Forms for the writing of Title Insurance in the State of Texas, the following disclosures are made: 1. The issuing Title Insurance Company, Alamo Title Insurance, is a corporation whose shareholders owning or controlling, directly or indirectly, 10% of said corporation, directors and officers are listed below: Shareholders: Fidelity National Title Group, Inc., which is owned 100% by FNTG Holdings, LLC, which is owned 100% by Fidelity National Financial, Inc., a publicly held company. Directors: Steven G. Day, Joseph W. Grealish, Roger S. Jewkes, Marjorie Nemzura, Michael J. Nolan, Anthony J. Park, John A. Wunderlich Officers: Michael J. Nolan (President, Chief Executive Officer, and Chairman of the Board), Anthony J. Park (Treasurer, Chief Financial Officer, and Executive Vice President), Marjorie Nemzura (Corporate Secretary and Vice President) 2. The following disclosures are made by the Title Insurance Agent issuing this Commitment: Alamo Title Company (a) A listing of each shareholder, owner, partner, or other person having, owning or controlling one percent (1 %) or more of the Title Insurance Agent that will receive a portion of the premium. Owners: Alamo Title Holding Company owns 100% of Alamo Title Company (b) A listing of each shareholder, owner, partner, or other person having, owning or controlling 10 percent (10%) or more of an entity that has, owns or controls one percent (1 %) or more of the Title Insurance Agent that will receive a portion of the premium. Owners: FNTS Holdings, LLC owns 100% of Alamo Title Holding Company, which owns 100% of Alamo Title Company (c) If the Agent is a corporation: (i) the name of each director of the Title Insurance Agent, and (ii) the names of the President, the Executive or Senior Vice -President, the Secretary and the Treasurer of the Title Insurance Agent. Directors: Michael J. Nolan, Anthony John Park Officers: Michael J. Nolan (Chief Executive Officer), Edward J. Hall (President), Robert Kuhn (President), Carlos E. Valdes (President), Anthony John Park (Executive Vice President and Chief Financial Officer), Joseph William Grealish (Executive Vice President), John Ernst (Executive Vice President), Natalie Warren (Executive Vice President), Marjorie Nemzura (Secretary) (d) The name of any person who is not a full-time employee of the Title Insurance Agent and who receives any portion of the title insurance premium for services performed on behalf of the Title Insurance Agent in connection with the issuance of a title insurance form; and, the amount of premium that any such person shall receive. NONE. (e) For purposes of this paragraph 2, "having, owning or controlling" includes the right to receipt of a percentage of net income, gross income, or cash flow of the Agent or entity in the percentage stated in subparagraphs (a) or (b). 3. You are entitled to receive advance disclosure of settlement charges in connection with the proposed transaction to which this commitment relates. Upon your request, such disclosure will be made to you. Additionally, the name of any person, firm or corporation receiving a portion of the premium from the settlement of this transaction will be disclosed on the closing or settlement statement. You are further advised that the estimated title premium* is: Owner's Policy Total 1,227.00 1,227.00 Of this total amount: 15% will be paid to the policy issuing Title Insurance Company; 85% will be retained by the issuing Title Insurance Agent; and the remainder of the estimated premium will be paid to other parties as follows: Percent/Amount To W hom For Services *The estimated premium is based upon information furnished to us as of the date of this Commitment for Title Insurance. Final determination of the amount of the premium will be made at closing in accordance with the Rules and Regulations adopted by the Commissioner of Insurance. Form T-7: Commitment for Title Insurance (01/03/14) TX ---- SPS-1-24-6000182300722 Phase I Environmental Site Assessment 4104 Weber Street Fort Worth, Tarrant County, TX November 1, 2023 1 Terracon Project No. 95237510 Prepared for: City of Fort Worth 200 Texas Street Fort Worth, TX Prepared by: Terracon Consultants, Inc. Fort Worth, Texas 1frerracon Nationwide ■ Environmental Terracon.com ■ Geotechnical ■ Materials lFrerracon November 1, 2023 City of Fort Worth 200 Texas Street Fort Worth, Texas 76102 Attn: Samuel Barrett P: (817) 392-7564 E: samuel.barrett@fortworthtexas.gov Re: Phase I Environmental Site Assessment 4104 Weber Street Fort Worth, Tarrant County, Texas Terracon Project No. 95237510 Dear Mr. Barrett: 1801 Handley Ederville Road Fort Worth, Texas 76118 P 817-268-8600 F 817-268-8610 Terracon.com Terracon Consultants, Inc. (Terracon) is pleased to submit the enclosed Phase I Environmental Site Assessment (ESA) report for the above -referenced subject property (hereinafter known as the site'). This assessment was performed in accordance with Terracon Proposal No. P95237510 dated October 10, 2023. We appreciate the opportunity to be of service to you on this project. In addition to Phase I services, our professionals provide other environmental, geotechnical, construction materials, and facilities services on a wide variety of projects locally, regionally, and nationally. For more detailed information on all of Terracon's services please visit our website at www.terracon.com. If there are any questions regarding this report or if we may be of further assistance, please do not hesitate to contact us. Sincerely, Terracon Consultants, Inc. Geoffrey U. Thomas Jack A. McCranie Staff Scientist Senior Principal Attachments Facilities I Environmental I Geotechnical I Materials Table of Contents EXECUTIVE SUMMARY ...... ..........I.......... ....................................... i Findingsand Opinions................................................................................ i SignificantData Gaps.................................................................................ii Conclusions.............................................................................................li Recommendations...................................................................................... ii 1.0 INTRODUCTION...................................................... I............... 1 1.1 Site Description................................................................................ 1 1.2 Scope of Services.............................................................................. 1 1.3 Standard of Care............................................................................... 2 1.4 Additional Scope Limitations, ASTM Deviations, and Data Gaps ................. 2 1.5 Reliance............................................................... ........................ 3 1.6 Client Provided Information................................................................ 4 2.0 PHYSICAL SETTING................................................................. 4 3.0 HISTORICAL USE INFORMATION ................................................. 6 3.1 Historical Topographic Maps, Aerial Photographs, and Sanborn Maps ......... 6 3.2 Historical City Directories................................................................... 7 3.3 Site Ownership................................................................................. 8 3.4 Title Search...................................................................................... 8 3.5 Environmental Liens and Activity and Use Limitations (AULs) ................... 8 3.6 Interviews Regarding Current and Historical Site Uses ............................. 9 3.7 Prior Report Review.............. ................... 9 .......................................... 4.0 RECORDS REVIEW........................................................ ... I....... 9 4.1 Federal and State/Tribal Databases.....................................................10 4.2 Local Agency Inquiries......................................................................13 4.3 Local Area Knowledge.......................................................................13 5.0 SITE RECONNAISSANCE..........................................................14 5.1 General Site Information...................................................................14 Facilities I Environmental I Geotechnical I Materials 5.2 Overview of Current Site Occupants....................................................14 5.3 Overview of Current Site Operations....................................................14 5.4 Site Observations.............................................................................15 6.0 ADJOINING PROPERTY RECONNAISSANCE.................................17 7.0 ADDITIONAL SERVICES...........................................................17 8.0 DECLARATION.......................................................................17 Facilities i Environmental i Geotechnical i Materials APPENDICES APPENDIX A Exhibit 1: Topographic Map, Exhibit 2: Site Diagram APPENDIX B Site Photographs APPENDIX C Historical Documentation and User Questionnaire APPENDIX D Environmental Database Information APPENDIX E Credentials APPENDIX F Description of Terms and Acronyms Facilities I Environmental I Geotechnical I Materials Phase I Environmental Site Assessment ii Terracon 4104 Weber Street I Fort Worth, TX November 1, 2023 1 Terracon Project No. 95237510 EXECUTIVE SUMMARY This Phase I Environmental Site Assessment (ESA) was performed in accordance with Terracon Proposal No. P95237510 dated October 10, 2023, and was conducted consistent with the procedures included in ASTM E1527-21, Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process. The purpose of this ESA was to assist the client in developing information to identify RECs in connection with the site as reflected by the scope of this report. The ESA was conducted under the supervision or responsible charge of Jack A. McCranie, Environmental Professional. Geoffrey U. Thomas performed the site reconnaissance on October 23, 2023. Findings and Opinions A summary of findings is provided below. It should be recognized that details were not included or fully developed in this section, and the report must be read in its entirety for a comprehensive understanding of the items contained herein. Site Description and Use The site consists of an approximate 0.177-acre residential tract addressed at 4104 Weber Street, Fort Worth, Tarrant County, Texas. The site is improved with a residence. Historical Information Based on the review of historical information, the site consisted of vacant land from at least 1942 until the existing residence was developed in approximately 1958. The site has remained relatively unchanged since the mid-1960s. Historically, the adjoining properties have consisted of vacant land with an unpaved road to the north and east, Terminal Road to the south, and a tributary to the north, east and west of the site from at least 1942, until the tributary was channelized to the north, east, and west, Terminal Road was expanded, the existing residences were developed to the south, and residences were developed to the west by the late 1950s. By the mid- 1960s, the unpaved road to the north and east was removed, the existing Weber Street was developed to the west, and additional residences were developed to the north and west. By the mid-2000s, Terminal Road expanded to its current size. By the mid-2010s, the existing Lasko Metal Products warehouse was developed to the east of the site. Recognized environmental conditions (RECs) were not identified for the site or adjoining properties as a result of the historical information review. Facilities I Environmental I Geotechnical I Materials Phase I Environmental Site Assessment �i Terracon 4104 Weber Street I Fort Worth, TX November 1, 2023 1 Terracon Project No. 95237510 Records Review Selected federal and state environmental regulatory databases, as well as responses from state and local regulatory agencies, were reviewed. The site was not identified in the regulatory database report; however, multiple off -site facilities were identified. Based upon regulatory status, apparent topographic gradient, and/or distance from the site as stated in the report text, the identified off -site facilities do not constitute RECs to the site. Site Reconnaissance RECs were not identified during the on -site reconnaissance. Please see Section 5.0 for additional information. Adjoining Properties Based on observations made during the area reconnaissance, a tributary is located to the north, followed by a residence; Vacant land and a tributary are located to the east, followed by Lasko Products; a residence is located to the south, followed by Terminal Road; and Weber Street is located to the west, followed by residences. Indications of RECs were not observed with the adjoining properties. Significant Data Gaps No significant data gaps (SDGs) were identified during the course of this assessment. Conclusions We have performed a Phase I ESA consistent with the procedures included in ASTM Practice E1527-21 at 4104 Weber Street, Fort Worth, Tarrant County, Texas, the site. RECs, Controlled RECs (CRECs) and/or Significant Data Gaps (SDGs) were not identified in connection with the site. Recommendations Based on the scope of services, limitations, and conclusions of this assessment, Terracon did not identify RECs, CRECs, or SDGs in connection with the site. As such, no additional investigation is warranted at this time. Facilities I Environmental I Geotechnical I Materials ii City of Fort Worth, Texas Mayor and Council Communication DATE: 03/19/24 M&C FILE NUMBER: M&C 24-0207 LOG NAME: 21 CPN 103069 CHANNEL REHABILITATION 4104 WEBER ST SUBJECT (CD 2) Authorize Acquisition of a Fee Simple Interest in 0.1783 Acres from Improved Property Owned by Dana L. Pondt Located at 4104 Weber Street, Fort Worth, Tarrant County, Texas 76106 in the Amount of $175,000.00, Pay Estimated Closing Costs in an Amount Up to $5,000.00 for a Total Cost of $180,000.00, and Authorize Eligible Payments for Tenant Relocation in an Amount Up to $28,140.00 and Eligible Tenant Moving Expenses in an Amount Up to $3,000.00 for the Lebow Channel Flood Mitigation Project RECOMMENDATION: It is recommended that the City Council: 1. Authorize the acquisition of a fee simple interest in 0.1783 acres from improved property owned by Dana L. Pondt located at 4104 Weber Street, Fort Worth, Tarrant County, Texas 76106 for the Lebow Channel Flood Mitigation Project (City Project No. 103069); 2. Find that the total purchase price of $175,000.00 is just compensation and pay estimated closings costs in an amount up to $5,000.00 for a total cost of $180,000.00; 3. Authorize the payment of eligible tenant relocation costs in an amount up to $28,140.00 and eligible tenant moving expenses in an amount up to $3,000.00; and 4. Authorize the City Manager or his designee to accept the fee simple conveyance and record the appropriate instruments. DISCUSSION: This property is located adjacent to Lebow Channel, which is a critical and high -priority area for flood mitigation. The Lebow Channel Flood Mitigation Project is currently in project development and will address these needs. Acquisition of the property would be part of the project plan to facilitate future culvert and channel improvements. The property is subject to erosion, which is currently creating a safety issue. The purchase of the property was deemed more financially advisable than implementing a temporary channel erosion rehabilitation project at this location. After the acquisition is complete, the structure will be demolished, and the property maintained as mowed greenspace until needed for the Lebow Channel Flood Mitigation Project. An independent appraisal was obtained to establish the fair market value of the property. The owner has agreed to sell the property and signed the City's sale and purchase contract in the amount of $175,000.00. The City will pay closing costs up to $5,000.00. The real estate taxes will be pro- rated with the seller responsible for taxes due up to the closing date. On April 7, 2015, City Council Resolution No. 4430-04-2015 authorized the adoption of the City of Fort Worth Relocation Assistance Rules. The rules are to ensure that the City provide relocation assistance and advisory services to qualifying persons, businesses, farming or ranching operations, or nonprofit organizations who are displaced in connection with the acquisition of real property for a public purpose and are compatible with the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 (URA), as amended. For this voluntary acquisition, the seller and seller's tenants are eligible to receive relocation assistance in the amount up to $28,140.00, plus eligible moving expenses up to $3,000.00. Upon City Council approval, Staff will proceed with acquiring the fee simple interest in the property except for the mineral estate. The deed to the City will contain a surface waiver for the exploration of the mineral estate. Estimated Relocation Eligible Legal Property Property Acreage Purchase Acquisition Closing Assistance Moving Description Type Price Total Costs (up to) Expenses Sabine Place 4104 Addition, Weber Block1 35, Lot e0.1783 $175,000.00 $5,000.00 $180,000.00 $28,140.00 $3,000.00 Street Simple Tarrant County, Texas, Funding is budgeted in the TPW Stormwater Capital Project Fund for the purpose of funding the Lebow Channel Flood Mitigation Project, as appropriated. The property is located in COUNCIL DISTRICT 2. A Form 1295 is not required because: This M&C does not request approval of a contract with a business entity. FISCAL INFORMATION / CERTIFICATION: The Director of Finance certifies that funds are available in the current capital budget, as previously appropriated, in the Stormwater Capital Projects Fund for the Channel Rehabilitation project to support the approval of the above recommendations and award of the acquisition. Prior to any expenditure being incurred, the Transportation and Public Works and Property Management has the responsibility to validate the availability of funds. Submitted for Citv Manaaer's Office bv: Dana Burghdoff 8018 Oriainatina Business Unit Head: Marilyn Marvin 7708 Ricardo Salazar 8379 Additional Information Contact: Dickson Robin 2554 Justin Naylor 7953 FORT WORTH Title Closing Legal Review Checklist Property Management Department Channel Rehabilitation, Fee Simple Acquisition 4104 DOCUMENT TITLE: Weber St, Contract x 1, Closing Docs M&C 24-0207 CPN 103069 CSO DOC# N/A RUSH: ❑ Yes ❑ No SAME DAY: ❑ Yes ❑ No NEXT DAY: ❑ Yes ❑ No ROUTING TO CSO: ❑ Yes x 01. Document Type — ROW, DEED, EASEMENT, LICENSE AGREEMENT, ETC. x ARE THE CONVEYANCE EXHIBITS SIGNED & SEALED BY SURVEYOR? NEEDS TO BE NOTARIZED: ❑ Yes x 02. Wiring Instructions from Title Company x 03. Closing Document - Master Settle Statement / HUD Closing Statement to be signed x 04. Authorizing M&C or N/A if not needed x 05. Offer Letter, Sales Contract or Letter Agreement amount same as Settlement Statement x 06. Closing Document - Arbitration Deletion Letter Form T-7 to be signed x 07. Closing Document - Notices/Acknowledgments (such as Business Affiliation, etc.) x 08. Project Communication or Contact Log (REQUIRED as of 12/7/2022) x 09. Title Commitment x 10. Other: Phase 1 Enviro Return to: Please call Dickson Robin Senior Land Agent at EXT. # 2554 for pick up when complete. Thank you.