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HomeMy WebLinkAboutContract 62529Contract of Sale and Purchase Page - 1 - of 24 3150 Tinsley Lane 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 TINSLEY- ALLISTON RANCH LANDS, L.P., A TEXAS LIMITED PARTNERSHIP; TINSLEY-ALLISTON HOMESTEAD, L.P., A TEXAS LIMITED PARTNERSHIP; AND WILEY MEREDITH ALLISTON, TRUSTEE OF THE RUBY LEA ALLISTON REVOCABLE TRUST DATED FEBRUARY 25, 2020 (collectively, the “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, a 298.189-acre tract of land situated In the Memphis, El Paso and Pacific Railroad Company Survey, Abstract No. 1137, City of Fort Worth ETJ, Tarrant County, Texas; said tract being all of that certain tract of land described in Corrective Warranty Deed to Wiley Meredith Alliston recorded in Instrument No. D210234840 of the Deed Records of Tarrant County, Texas, all of that certain tract of land described in General Warranty Deed to Tinsley-Alliston Homestead, L.P. recorded in Instrument No. D212093591 of said Deed Records, and all of that certain tract of land described in Special Warranty Deed to Ruby Lea Alliston and Wiley Meredith Alliston, Co-Trustees of the Ruby Lea Alliston Revocable Trust recorded in Instrument No. D220113685 of said Deed Records (the “Land”), as more particularly described in Exhibit “A,” attached hereto and incorporated herein for all purposes, 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 Seller’s access to any use of the surface of the Property held or owned by Seller. Contract of Sale and Purchase Page - 2 - of 24 3150 Tinsley Lane Section 2. Earnest Money and Purchase Price. (a) Within five (5) calendar days after the Effective Date, Purchaser must deliver to the Title Company’s escrow agent an Earnest Money deposit of One Hundred Thirty-Five Thousand Dollars and 00/100 ($135,000.00) 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. (b)The purchase price (“Purchase Price”) for the Property, payable by Purchaser to Seller at Closing, is Thirteen Million, Four Hundred Eighteen Thousand, Five Hundred and Five Dollars and 00/100 ($13,418,505.00). Section 3. Title Commitment and Survey. (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 Capital Title of Texas, 2713 Virginia Parkway, Suite 100, McKinney, Texas 75071, Attention: Connie Smith (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) Within thirty (30) calendar days after the Effective Date, 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 data, 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 fifteen (15) 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 Objections (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 Contract of Sale and Purchase Page - 3 - of 24 3150 Tinsley Lane 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. (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 ten (10) calendar days after the Effective Date, Seller shall deliver to Purchaser for Purchaser's review (i) any and all tests, studies, surveys, 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 60 (sixty) days after the Effective Date (“Option Period”), the following is a condition precedent to Purchaser’s obligations under this Contract: Purchaser being satisfied in Pu rchaser’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. Contract of Sale and Purchase Page - 4 - of 24 3150 Tinsley Lane (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) The provisions of this Section 6 control all other provisions of this Contract. Section 7. Closing 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. Closing. (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 Special Warranty Deed (“Deed”), in substantially the same form attached hereto as Exhibit “B”, 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 Seller’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 Contract of Sale and Purchase Page - 5 - of 24 3150 Tinsley Lane 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. (5) Seller and Purchaser shall each pay one-half of all recording fees and one-half of 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; provided, however, that, the Seller shall not be responsible for any “rollback” taxes. 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 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 a violation 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; Contract of Sale and Purchase Page - 6 - of 24 3150 Tinsley Lane (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 part thereof; (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. Contract of Sale and Purchase Page - 7 - of 24 3150 Tinsley Lane 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 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, 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 represents to the other that it has had no dealings, negotiations, or consultations with any broker, representative, employee, agent or other intermediary in connection with the sale of the Property, other than Adam Carriker of Fowler Real Estate Group, LLC (“Seller’s Broker”). Seller, at Seller’s sole cost, shall pay a commission to Seller’s Broker pursuant to a separate written agreement between Seller and Seller’s Broker. Section 12. Closing 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: Contract of Sale and Purchase Page - 8 - of 24 3150 Tinsley Lane City of Fort Worth Property Management Department 200 Texas Street Fort Worth, Texas 76102 Attn: Austen Lopes Telephone: 817-392-2567 With a copy to: Matthew A. Murray City Attorney’s Office 200 Texas Street Fort Worth, Texas 76102 Telephone 817-392-8864 (c) The address of Seller under this Contract is: Ruby Lea Alliston Revocable Trust Dated February 25, 2020 1353 Lake Grove Drive Little Elm, Texas 75068 Attention: Wiley Meredith Alliston With a copy to: McWilliams & McWilliams c/o Stan McWilliams 2713 Virginia Pkwy, Ste 100 McKinney, Texas 75071 (d) 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 Purch aser’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: Contract of Sale and Purchase Page - 9 - of 24 3150 Tinsley Lane (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 Obligations. 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 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 twelve (12) 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. Taking Prior to Closing. If, prior to Closing, the Property or any portion thereof becomes subject to a taking by virtue of eminent domain, Purchaser may, in Purchaser's sole discretion, either (i) 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. Governing 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 terms of 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 Contract of Sale and Purchase Page - 10 - of 24 3150 Tinsley Lane 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 f or 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. Terminology.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. 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. Attorney’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 29. City Council Approval. 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 - 11 - of 24 3150 Tinsley Lane This Contract is EXECUTED as of the Effective Date. SELLER: TINSLEY-ALLISTON RANCH LANDS, L.P., a Texas Limited Partnership By: Wiley Meredith Alliston Date: __________________________ TINSLEY-ALLISTON HOMESTEAD, L.P., a Texas Limited Partnership By: Wiley Meredith Alliston Date: __________________________ WILEY MEREDITH ALLISTON, TRUSTEE OF THE RUBY LEA ALLISTON REVOCABLE TRUST DATED FEBRUARY 25, 2020 By: Wiley Meredith Alliston, Trustee Date: __________________________ [SIGNATURES CONTINUE ON THE FOLLOWING PAGE] Contract of Sale and Purchase Page - 12 - of 24 3150 Tinsley Lane PURCHASER: CITY OF FORT WORTH, TEXAS By: Dana Burghdoff, Assistant City Manager Date: __________________________ ATTEST: Jannette S. Goodall City Secretary M&C: M&C 24-1154 Date: December 10, 2024 APPROVED AS TO LEGALITY AND FORM: Matthew A. Murray Assistant City Attorney Contract Compliance Manager: By signing I acknowledge that I am the person responsible for the monitoring and administration of this contract, including ensuring all performance and reporting requirements. Austen Lopes, Land Agent Property Management Department – Real Estate Division Contract of Sale and Purchase Page - 13 - of 24 3150 Tinsley Lane By its execution below, Title Company agrees to perform its other duties pursuant to the provisions of this Contract. TITLE COMPANY: Capital Title of Texas By: _______________________________________ Connie Smith Title: Date: _________________________ Contract of Sale and Purchase Page - 14 - of 24 3150 Tinsley Lane Exhibit A The Land A 298.189-acre tract of land situated In the Memphis, El Paso and Pacific Railroad Company Survey, Abstract No. 1137, City of Fort Worth ETJ, Tarrant County, Texas; said tract being all of that certain tract of land described in Corrective Warranty Deed to Wiley Meredith Alliston recorded in Instrument No. D210234840 of the Deed Records of Tarrant County, Texas, all of that certain tract of land described in General Warranty Deed to Tinsley-Alliston Homestead, L.P. recorded in Instrument No. D212093591 of said Deed Records, and all of that certain tract of land described in Special Warranty Deed to Ruby Lea Alliston and Wiley Meredith Alliston, Co-Trustees of the Ruby Lea Alliston Revocable Trust recorded in Instrument No. D220113685 of said Deed Records; said 298.189 acre tract being more particularly described by metes and bounds as follows: BEGINNING, at a point for corner in the north right-of-way line of Tinsley Lane (a generally recognized public right-of-way, no record of dedication found); said point being the southeast corner of Vista Ranch, an addition to Tarrant County according to the plat recorded in Cabinet A, Slide 9015 of the Plat Records of Tarrant County Texas; THENCE. North 00 degrees 25 minutes 44 seconds West, departing the said north right-of-way line of Tinsley Lane and with the east line of said Vista Ranch addition, at a distance of 15.00 feet passing the southeast corner of Block 3 of said Vista Ranch Addition, continuing for a total distance of 2,601.78 feet to a point for corner; said point being the southwest corner of Vista Ranch, an addition to Tarrant County according to the plat recorded in Cabinet A, Slide 10320 of said Plat Records; THENCE, North 89 degrees 48 minutes 01 seconds East, departing the said east line of the first referenced Vista Ranch addition and with the south line of the second referenced Vista Ranch addition, a distance of 2,246.29 feet to a point for corner; said point being the southeast corner of the second referenced Vista Ranch addition; THENCE, North 00 degrees 24 minutes 33 seconds West, with the east line of the second referenced Vista Ranch addition, a distance of 2,656.39 feet to a 1/2- iron rod with illegible cap found for corner in the south line of that certain tract of land described as R. L. Donald Property in Special Warranty Deed to Walsh Ranches Limited Partnership recorded in Volume 12624, Page 92 of said Deed Records; said point being the northeast corner of the second referenced Vista Ranch addition; THENCE, North 88 degrees 49 minutes 20 seconds East, with the said south line of Walsh Ranches tract, a distance of 1,260.43 feet to a point or corner in the west line of Rock Island and Pacific Rail Road (a variable width rail road right-of-way); from said point a t-post found bears South 64 degrees 01 minutes West, 0.4 feet; THENCE, in a southerly direction with the said west line of Rock Island and Pacific Rail Road, the following eighteen (18) calls: South 18 degrees 56 minutes 23 seconds East, a distance of 89.46 feet to a point for corner; South 17 degrees 06 minutes 46 seconds East, a distance of 97.85 feet to a point for corner; South 15 degrees 02 minutes 39 seconds East, a distance of 98.96 feet to a point for corner; South 13 degrees 00 minutes 31 seconds East, a distance of 98.60 feet to a point for corner; South 11 degrees 09 minutes 37 seconds East, a distance of 98.75 feet to a point for corner; South 09 degrees 01 minutes 30 seconds East, a distance of 97.94 feet to a point for corner; South 06 degrees 57 minutes 06 seconds East, a distance of 97.74 feet to a point for corner; Contract of Sale and Purchase Page - 15 - of 24 3150 Tinsley Lane South 05 degrees 08 minutes 27 seconds East, a distance of 98.94 feet to a point for corner; South 03 degrees 02 minutes 56 seconds East, a distance of 98.74 feet to a point for corner; South 01 degrees 17 minutes 00 seconds East, a distance of 98.48 feet to a point for corner; South 00 degrees 25 minutes 14 seconds West, a distance of 98.19 feet to a point for corner; South 01 degrees 20 minutes 31 seconds West, a distance of 100.09 feet to a 5/8-inch iron rod found for corner; South 01 degrees 47 minutes 06 seconds West, a distance of 3,631.31 feet to a 5/8-inch iron rod with "RPLS 4818" found for corner; South 01 degrees 41 minutes 27 seconds West, a distance of 100.71 feet to a point for corner; South 01 degrees 36 minutes 42 seconds West, a distance of 99. 75 feet to a point for corner; South 00 degrees 52 minutes 51 seconds West, a distance of 100.71 feet to a point for corner; South 00 degrees 00 minutes 02 seconds East, a distance of 100.75 feet to a point for corner; South 00 degrees 49 minutes 09 seconds East, a distance of 112.35 feet to a point for corner in the approximate centerline of said Tinsley Lane THENCE, South 89 degrees 48 minutes 39 seconds West, with the said approximate centerline of Tinsley Lane, a distance of 2,518.75 feet to a point for corner; THENCE, North 00 degrees 35 minutes 17 seconds West, departing the said approximate centerline of Tinsley Lane, a distance of 16.38 feet to a point for corner in the said north right-of-way line of Tinsley Lane; THENCE, South 89 degrees 53 minutes 32 seconds West, a distance of 995.54 feet to the POINT OF BEGINNING; CONTAINING: 298.189 acres or 12,989,098 square feet of land, more or less. Contract of Sale and Purchase Page - 16 - of 24 3150 Tinsley Lane Exhibit B Form of Special Warranty Deed 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. SPECIAL WARRANTY DEED Date: ________________________________ Grantor: TINSLEY-ALLISTON RANCH LANDS, L.P., A TEXAS LIMITED PARTNERSHIP; TINSLEY-ALLISTON HOMESTEAD, L.P., A TEXAS LIMITED PARTNERSHIP; AND WILEY MEREDITH ALLISTON, TRUSTEE OF THE RUBY LEA ALLISTON REVOCABLE TRUST DATED FEBRUARY 25, 2020 Grantor’s Mailing Address (including County): RUBY LEA ALLISTON REVOCABLE TRUST DATED FEBRUARY 25, 2020 1353 LAKE GROVE DRIVE LITTLE ELM, DENTON COUNTY, TEXAS 75068 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 Contract of Sale and Purchase Page - 17 - of 24 3150 Tinsley Lane 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 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, when the claim is by, through, or under Grantor, but not otherwise. 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] Contract of Sale and Purchase Page - 18 - of 24 3150 Tinsley Lane GRANTOR: TINSLEY-ALLISTON RANCH LANDS, L.P., a Texas Limited Partnership By: Wiley Meredith Alliston Date: __________________________ TINSLEY-ALLISTON HOMESTEAD, L.P., a Texas Limited Partnership By: Wiley Meredith Alliston Date: __________________________ WILEY MEREDITH ALLISTON, TRUSTEE OF THE RUBY LEA ALLISTON REVOCABLE TRUST DATED FEBRUARY 25, 2020 By: Wiley Meredith Alliston, Trustee Date: __________________________ NOTICE: This document affects your legal rights. Read it carefully before signing. Contract of Sale and Purchase Page - 19 - of 24 3150 Tinsley Lane (Acknowledgment) THE STATE OF TEXAS § COUNTY OF ___________ § BEFORE ME, the undersigned authority, on this day personally appeared Wiley Meredith Alliston, of Tinsley-Alliston Ranch Lands, L.P. a Texas limited partnership, known to me to be the person and officer whose name is subscribed to the foregoing instrument, and acknowledged to me that they executed the same as the act and deed and on behalf of Tinsley-Alliston Ranch Lands, L.P., for the purposes and consideration therein expressed. GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _________day of_____________, 2024. __________________________________ Notary Public [SEAL] THE STATE OF TEXAS § COUNTY OF ___________ § BEFORE ME, the undersigned authority, on this day personally appeared Wiley Meredith Alliston, of Tinsley-Alliston Homestead, L.P. a Texas limited partnership, known to me to be the person and officer whose name is subscribed to the foregoing instrument, and acknowledged to me that they executed the same as the act and deed and on behalf of Tinsley-Alliston Homestead, L.P., for the purposes and consideration therein expressed. GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _________day of_____________, 2024. __________________________________ Notary Public [SEAL] Contract of Sale and Purchase Page - 20 - of 24 3150 Tinsley Lane THE STATE OF TEXAS § COUNTY OF ___________ § BEFORE ME, the undersigned authority, on this day personally appeared Wiley Meredith Alliston, Trustee of the Ruby Lea Alliston Revocable Trust Dated February 25, 2020, known to me to be the person and trustee whose name is subscribed to the foregoing instrument, and acknowledged to me that they executed the same as the act and deed and on behalf of said trust, for the purposes and consideration therein expressed. GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _________day of_____________, 2024. __________________________________ Notary Public [SEAL] Contract of Sale and Purchase Page - 21 - of 24 3150 Tinsley Lane ACCEPTED AND AGREED TO: CITY OF FORT WORTH By: ______________________________ Dana Burghdoff, Assistant City Manager APPROVED AS TO FORM AND LEGALITY: By: ______________________________ Matthew A. Murray Assistant City Attorney M&C: M&C 24-1154 Date: December 10, 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 Contract of Sale and Purchase Page - 22 - of 24 3150 Tinsley Lane EXHIBIT “A” THE PROPERTY A 298.189-acre tract of land situated In the Memphis, El Paso and Pacific Railroad Company Survey, Abstract No. 1137, City of Fort Worth ETJ, Tarrant County, Texas; said tract being all of that certain tract of land described in Corrective Warranty Deed to Wiley Meredith Alliston recorded in Instrument No. D210234840 of the Deed Records of Tarrant County, Texas, all of that certain tract of land described in General Warranty Deed to Tinsley-Alliston Homestead, L.P. recorded in Instrument No. D212093591 of said Deed Records, and all of that certain tract of land described in Special Warranty Deed to Ruby Lea Alliston and Wiley Meredith Alliston, Co-Trustees of the Ruby Lea Alliston Revocable Trust recorded in Instrument No. D220113685 of said Deed Records; said 298.189 acre tract being more particularly described by metes and bounds as follows: BEGINNING, at a point for corner in the north right-of-way line of Tinsley Lane (a generally recognized public right-of-way, no record of dedication found); said point being the southeast corner of Vista Ranch, an addition to Tarrant County according to the plat recorded in Cabinet A, Slide 9015 of the Plat Records of Tarrant County Texas; THENCE. North 00 degrees 25 minutes 44 seconds West, departing the said north right-of-way line of Tinsley Lane and with the east line of said Vista Ranch addition, at a distance of 15.00 feet passing the southeast corner of Block 3 of said Vista Ranch Addition, continuing for a total distance of 2,601.78 feet to a point for corner; said point being the southwest corner of Vista Ranch, an addition to Tarrant County according to the plat recorded in Cabinet A, Slide 10320 of said Plat Records; THENCE, North 89 degrees 48 minutes 01 seconds East, departing the said east line of the first referenced Vista Ranch addition and with the south line of the second referenced Vista Ranch addition, a distance of 2,246.29 feet to a point for corner; said point being the southeast corner of the second referenced Vista Ranch addition; THENCE, North 00 degrees 24 minutes 33 seconds West, with the east line of the second referenced Vista Ranch addition, a distance of 2,656.39 feet to a 1/2- iron rod with illegible cap found for corner in the south line of that certain tract of land described as R. L. Donald Property in Special Warranty Deed to Walsh Ranches Limited Partnership recorded in Volume 12624, Page 92 of said Deed Records; said point being the northeast corner of the second referenced Vista Ranch addition; THENCE, North 88 degrees 49 minutes 20 seconds East, with the said south line of Walsh Ranches tract, a distance of 1,260.43 feet to a point or corner in the west line of Rock Island and Pacific Rail Road (a variable width rail road right-of-way); from said point a t-post found bears South 64 degrees 01 minutes West, 0.4 feet; THENCE, in a southerly direction with the said west line of Rock Island and Pacific Rail Road, the following eighteen (18) calls: South 18 degrees 56 minutes 23 seconds East, a distance of 89.46 feet to a point for corner; South 17 degrees 06 minutes 46 seconds East, a distance of 97.85 feet to a point for corner; South 15 degrees 02 minutes 39 seconds East, a distance of 98.96 feet to a point for corner; South 13 degrees 00 minutes 31 seconds East, a distance of 98.60 feet to a point for corner; South 11 degrees 09 minutes 37 seconds East, a distance of 98.75 feet to a point for corner; South 09 degrees 01 minutes 30 seconds East, a distance of 97.94 feet to a point for corner; South 06 degrees 57 minutes 06 seconds East, a distance of 97.74 feet to a point for corner; South 05 degrees 08 minutes 27 seconds East, a distance of 98.94 feet to a point for corner; Contract of Sale and Purchase Page - 23 - of 24 3150 Tinsley Lane South 03 degrees 02 minutes 56 seconds East, a distance of 98.74 feet to a point for corner; South 01 degrees 17 minutes 00 seconds East, a distance of 98.48 feet to a point for corner; South 00 degrees 25 minutes 14 seconds West, a distance of 98.19 feet to a point for corner; South 01 degrees 20 minutes 31 seconds West, a distance of 100.09 feet to a 5/8-inch iron rod found for corner; South 01 degrees 47 minutes 06 seconds West, a distance of 3,631.31 feet to a 5/8-inch iron rod with "RPLS 4818" found for corner; South 01 degrees 41 minutes 27 seconds West, a distance of 100.71 feet to a point for corner; South 01 degrees 36 minutes 42 seconds West, a distance of 99. 75 feet to a point for corner; South 00 degrees 52 minutes 51 seconds West, a distance of 100.71 feet to a point for corner; South 00 degrees 00 minutes 02 seconds East, a distance of 100.75 feet to a point for corner; South 00 degrees 49 minutes 09 seconds East, a distance of 112.35 feet to a point for corner in the approximate centerline of said Tinsley Lane THENCE, South 89 degrees 48 minutes 39 seconds West, with the said approximate centerline of Tinsley Lane, a distance of 2,518.75 feet to a point for corner; THENCE, North 00 degrees 35 minutes 17 seconds West, departing the said approximate centerline of Tinsley Lane, a distance of 16.38 feet to a point for corner in the said north right-of-way line of Tinsley Lane; THENCE, South 89 degrees 53 minutes 32 seconds West, a distance of 995.54 feet to the POINT OF BEGINNING; CONTAINING: 298.189 acres or 12,989,098 square feet of land, more or less. Contract of Sale and Purchase Page - 24 - of 24 3150 Tinsley Lane EXHIBIT “B” PERMITTED ENCUMBRANCES 200 Texas Street Fort Worth, TexasCity of Fort Worth Legislation Details File #: Version:1M&C 24-1154 Name: Status:Type:Land - Report of CM Passed File created: In control:12/3/2024 CITY COUNCIL On agenda: Final action:12/10/2024 12/10/2024 Title:(CD 10 ETJ) Authorize the Acquisition of a Fee Simple Interest in Approximately 298.189 Acres of Land Located at 3150 and 3450 Tinsley Lane, Fort Worth, Tarrant County, Texas 76179 from Tinsley- Alliston Ranch Lands, L.P., Tinsley-Alliston Homestead, L.P., and the Ruby Lea Alliston Revocable Trust in the Amount of $13,418,505.00, Pay Estimated Closing Costs in an Amount Up to $205,000.00, Dedicate the Property as Parkland to be Known as Tinsley Ranch Park, Adopt Appropriation Ordinance, and Amend the Fiscal Years 2025-2029 Capital Improvement Program Sponsors: Indexes: Code sections: Attachments:1. M&C 24-1154, 2. Tinsley Ranch Park M&C Map.pdf, 3. ORD.APP_21TINSLEY PARK LAND ACQUISITION_30110_AO25(r5).pdf Action ByDate Action ResultVer. ApprovedCITY COUNCIL12/10/2024 1 City of Fort Worth Printed on 12/20/2024Page 1 of 1 powered by Legistar™ a a � o 0 0 0 0 0 � L � � � � � a � � � � a� " ,a o 3 N m N o+ � Ci m �O T L a � � E n � C O = C1 � r 0 0 J i� Q Gf N G R O U Q � c R a x w Y � U � � y m N V '� V � V � Q 'T" @ N �+ � C � .�-� H m ❑ � � O � I!) -O W O w 0 0 0 0 0 0 0 0 � � vi vi 0 0 � N v a � r' "� ri � � � � M M M t") En M V3 IA O O O O O O O O O O O O O O Efl fA (O ID CO l0 � � � O O O O O O V3 IA 0 0 0 0 lfJ N7 0 0 � N M M N N cfl �o � M � � 3 N m K m O H O O O o Ef3 � 0 0 0 0 � N 0 0 � N M M N N � � M M [f3 fA � � a c m X W � H N b N N � O LL C O .� u ca G G y K � a 3 v LL �O o a ci a M �L c 0 .0 � � 0 � a ,� N � �C � C � �..� � � a LL � V R m V v 200 Texas Street Fort Worth, TexasCity of Fort Worth Legislation Details File #: Version:1M&C 24-1154 Name: Status:Type:Land - Report of CM Passed File created: In control:12/3/2024 CITY COUNCIL On agenda: Final action:12/10/2024 12/10/2024 Title:(CD 10 ETJ) Authorize the Acquisition of a Fee Simple Interest in Approximately 298.189 Acres of Land Located at 3150 and 3450 Tinsley Lane, Fort Worth, Tarrant County, Texas 76179 from Tinsley- Alliston Ranch Lands, L.P., Tinsley-Alliston Homestead, L.P., and the Ruby Lea Alliston Revocable Trust in the Amount of $13,418,505.00, Pay Estimated Closing Costs in an Amount Up to $205,000.00, Dedicate the Property as Parkland to be Known as Tinsley Ranch Park, Adopt Appropriation Ordinance, and Amend the Fiscal Years 2025-2029 Capital Improvement Program Sponsors: Indexes: Code sections: Attachments:1. M&C 24-1154, 2. Tinsley Ranch Park M&C Map.pdf, 3. ORD.APP_21TINSLEY PARK LAND ACQUISITION_30110_AO25(r5).pdf Action ByDate Action ResultVer. ApprovedCITY COUNCIL12/10/2024 1 City of Fort Worth Printed on 12/27/2024Page 1 of 1 powered by Legistar™