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HomeMy WebLinkAboutContract 32302 CITY SECRETARY r CONTRACT NO. - THIS PURCHASE CONTRACT ("Contract") is made and entered into by and between the CITY OF FORT WORTH, TEXAS, acting by and through its duly authorized City Manager or Assistant City Manager ("Seller") and Stephen E. Leach ("Purchaser") as of the date on which this Contract is executed by the last to sign of Seller and Purchaser("Effective Date"). RECITALS 1. Seller is the owner of the approximately 3.380 acres of land out of the Garcia, Montez and Duran Survey, Abstract Number 626 and the D.E. Norton Survey, Abstract Number 1174 and more particularly described in the attached Exhibit "A" ("Property"). 2. Seller leased the Property to Purchaser in August 8, 1997 and Purchaser continues to lease the Property. 3. Seller desires to sell the Property to Purchaser for fair market value as provided under Section 272.001 of the Texas Local Government Code. 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 the Property to Purchaser, and Purchaser agrees to purchase and accept the Property from Seller, for the Purchase Price (as defined below), subject to the terms and conditions set forth in this Contract. (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 (as defined below in Section 3) that are not cured and that are subsequently waived pursuant to Section 3 below ("Permitted Encumbrances") and those easements reservations shown on the deed. (c) Seller shall retain all mineral interest and rights of leasing such mineral interests in the Property. Section 2. Purchase Price, "As Is", Independent Contract Consideration, and Earnest Money. (a) The purchase price ("Purchase Price") for the Property, payable by Purchaser to Seller in cash at Closing (defined below), is One Hundred and Sixty Thousand Dollars. ($160,000.00) (b) ACCORDINGLY, EXCEPT AS EXPRESSLY STATED IN __'WS--- AGREEMENT, PURCHASER ACKNOWLEDGES AND AGREES THAT SELLER HAS NOT MADE, DOES NOT MAKE AND SPECIFICALLY NEGATESDISCLAIMS ANY REPRESENTATIONS, WARRANTIES, PROMISES, COVENANTS, AGREEMENTS OR GUARANTIES OF ANY KIND OR CHARACTER WHATSOEVER, WHETHER EXPRESS OR IMPLIED, ORAL OR WRITTEN, PAST, PRESENT OR FUTURE, OF, AS, TO CONCERNING OR WITH RESPECT TO (A) THE VALUE, NATURE, QUALITY OR CONDITION OF THE PROPERTY INCLUDING, WITHOUT LIMITATION, THE WATER, SOIL AND GEOLOGY, (B) THE INCOME TO BE DERIVED FROM THE PROPERTY, (C) THE SUITABILITY OF THE PROPERTY FOR ANY AND ALL ACTIVITIES AND USES WHICH PURCHASER MAY CONDUCT THEREON, (D) THE COMPLIANCE OF OR BY THE PROPERTY OR ITS OPERATION WITH ANY LAWS, RULES, ORDINANCES OR REGULATIONS OF ANY APPLICABLE GOVERNMENTAL AUTHORITY OR BODY, (E) THE HABITABILITY, MERCHANTABILITY, MARKETABILITY, PROFITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF THE PROPERTY, (F) THE MANNER OR QUALITY OF THE CONSTRUCTION OR MATERIALS, IF ANY, INCORPORATED INTO THE PROPERTY, (G) THE MANNER, QUALITY, STATE OF REPAIR OR LACK OF REPAIR OF THE PROPERTY, OR (H) ANY OTHER MATTER WITH RESPECT TO THE PROPERTY, AND SPECIFICALLY, THAT SELLER HAS NOT MADE, DOES NOT MAKE AND SPECIFICALLY DISCLAIMS ANY REPRESENTATIONS REGARDING COMPLIANCE WITH ANY ENVIRONMENTAL PROTECTION, POLLUTION OR LAND USE LAWS, RULES, REGULATIONS, ORDERS OF REQUIREMENTS, INCLUDING SOLID WASTE, AS DEFINED BY THE U. S. ENVIRONMENTAL PROTECTION AGENCY REGULATIONS AT 40 C.F.R., PART 261, OR THE DISPOSAL OR EXISTENCE IN OR ON THE PROPERTY, OF ANY HAZARDOUS SUBSTANCE, AS DEFINED BY THE COMPREHENSIVE ENVIRONMENT RESPONSE COMPENSATION AND LIABILITY ACT OF 1980, AS AMENDED, AND REGULATIONS PROMULGATED THEREUNDER. PURCHASER FURTHER ACKNOWLEDGES AND AGREES THAT HAVING BEEN GIVEN THE OPPORTUNITY TO INSPECT THE PROPERTY, PURCHASER IS RELYING SOLELY ON ITS OWN INVESTIGATION OF THE PROPERTY AND NOT ON ANY INFORMATION PROVIDED OR TO BE PROVIDED BY SELLER. AS A MATERIAL PART OF THE CONSIDERATION FOR THIS AGREEMENT, SELLER AND PURCHASER AGREE THAT PURCHASER IS TAKING THE PROPERTY "AS IS" WITH ANY AND ALL LATENT AND PATENT DEFECTS AND THAT THERE IS NO WARRANTY BY SELLER THAT THE PROPERTY IS FIT FOR A PARTICULAR PURPOSE. PURCHASER ACKNOWLEDGES THAT IT IS NOT RELYING UPON ANY.REPRESENTATIONS, STATEMENTS, ASSERTIONS OR NON-ASSERTIONS BY THE SELLER WITH RESPECT TO THE PROPERTY CONDITION, BUT IS RELYING SOLELY UPON ITS EXAMINATION OF THE PROPERTY. PURCHASER TAKES THE PROPERTY UNDER THE EXPRESS UNDERSTANDING THERE ARE NO EXPRESS OR IMPLIED WARRANTIES (EXCEPT FOR LIMITED WARRANTIES OF TITLE SET FORTH IN THE CLOSING DOCUMENTS). PROVISIONS OF THIS SECTION SHALL SURVIVE THE CLOSING. IT IS UNDERSTOOD AND AGREED THAT THE PURCHASE PRICE HAS BEEN ADJUSTED BY PRIOR NEGOTIATION TO REFLECT THAT ALL OF THE PROPERTY IS SOLD BY SELLER AND PURCHASED BY BUYER SUBJECT TO THE FOREGOING. PURCHASER ACKNOWLEDGES AND ACCEPTS ALL THE TERMS AND PROVISIONS BY HIS ACCEPTANCE HEREOF. - 2 (c) Contemporaneously with the execution of this Contract, Purchaser shall deliver to Seller a check in the amount of Fifty Dollars ($50.00) ("Independent Contract Consideration"), as independent consideration for Seller's execution, delivery, and performance of this Contract. This Independent Contract Consideration is in addition to and independent of any other consideration or payment provided for in this Contract, is nonrefundable, and shall be retained by Seller notwithstanding any other provision of this Contract. (d) Within fifteen (15) days after the execution and delivery of this Contract by Purchaser to Seller, Purchaser shall deliver to Title Company (as defined below in Section 3) a check payable to the order of Title Company or other means of funding reasonably satisfactory to Seller in the amount of 2.5% ("Earnest Money") of the Purchase Price. Title Company shall hold the Earnest Money in escrow and deliver it in accordance with the provisions of this Contract. The Title Company shall invest the Earnest Money in an interest bearing account through a bank or other financial institution selected by Purchaser (hereafter, all references in this Contract to Earnest Money include the amount deposited by Purchaser with the Title Company pursuant to this Section 2(c) together with all interest accrued thereon). Section 3. Title Commitment and Survey. (a) Within thirty (30) days after the Effective Date, Purchaser may obtain, at Purchaser's sole cost and expense (i) an Owner's Commitment for Title Insurance ("Title Commitment") from Commerce Title Company, Attn: Susan Griffin, Star Village Commons, 3980 Boat Club Road, Suite 102, Fort Worth, Texas 76135 ("Title Company"), setting forth the status of the title of the Property and showing all Encumbrances and other matters, if any, relating to the Property; and (ii) a legible copy of all documents referred to in the Title Commitment, including but not limited to, plats, reservations, restrictions, and easements. (b) Within ten (10) days after the Effective Date of this Contract, Seller shall provide to Purchaser a copy of any survey of the Property in Seller's possession. Within thirty (30) days after the Effective Date, Purchaser may obtain, at Purchaser's sole cost and expense, an updated survey ("Survey") consisting of a map of survey and field notes describing the Property, prepared pursuant to a current on-the-ground staked survey performed by a professional land 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 or a utility easement, (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, 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 description of the Property. 3 (c) If the Title Commitment or Survey discloses any Encumbrances or other matters which are not acceptable to Purchaser in Purchaser's sole discretion, then Purchaser shall give Seller written notice thereof within fifteen (15) days after receipt of the Title Commitment, Survey and all documents referred to in the Title Commitment, specifying Purchaser's objections ("Objections"), if any. If Purchaser gives such notice to Seller, Seller shall use its best efforts to cure the Objections, but shall be under no obligation to do so. (d) If Purchaser gives notice of Objections and Seller does not cure the Objections, cause the Title Commitment and Survey to be amended to give effect to matters that are cured, and give Purchaser written notice thereof within the fifteen (15) day period following receipt of the notice from Purchaser ("Cure Period"), Purchaser shall have the right either (i) to terminate this Contract by giving written notice thereof to Seller at any time after the expiration of such Cure Period but prior to the expiration of the Option Period, and, upon such termination, Purchaser shall be entitled to the return of the Earnest Money, and neither party hereto shall have any further rights or obligations, or (ii) to waive the Objections and consummate the purchase of the Property subject to the Objections which shall be deemed to be Permitted Encumbrances. Notwithstanding the foregoing sentence, if Seller has commenced curing the Objections and is diligently prosecuting the same, as determined by Purchaser in Purchaser's sole discretion, then Purchaser in Purchaser's sole discretion may extend the Cure Period for an amount of time Purchaser deems necessary for Seller to cure the same. Section 4. Option Period. (a) Notwithstanding anything to the contrary contained in this Contract, until forty- five 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 use. (b) If Purchaser is not satisfied in Purchaser's sole and absolute discretion as to the condition precedent described in Section 4(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, neither party shall have any further rights or obligations under this Contract. (c) If Purchaser does not terminate this Contract prior to the expiration of the Option Period, then the Earnest Money shall become non-refundable to Purchaser except in the event of Seller's default in the performance of Seller's obligations under this Contract, and Title Company shall release the Earnest Money to Seller at any time thereafter upon request by Seller. (d) The provisions of this Section 4 control all other provisions of this Contract. Section 5. Tests. Purchaser, at Purchaser's sole cost and risk, shall have the right to go on to the Property, including the Improvements, to make inspections, surveys, test borings, soil analyses, and other tests, studies and surveys, including without limitation, environmental tests, borings, analyses, and studies ("Tests"). Purchaser shall provide Seller with a copy of any written reports related to Tests of the physical condition of the Property that Purchaser.and its 4 consultants conduct on the Property. If the sale of the Property is not consummated pursuant to this Contract, Purchaser shall restore the surface of the Property to as near as practicable the condition existing prior to any entry by Purchaser. Section 6. Condition of the Property until Closing; Cooperation (a) Maintenance and Operation. Because the Property is under Lease to Purchaser, until closing, Purchaser will (a) maintain the Property as it existed on the Effective Date, except for reasonable wear and tear and casualty damage; (b) operate the Property in the same manner as it was operated on the Effective Date; and (c) comply with all contracts and governmental regulations affecting the Property. Until the end of the Option Period, Seller will not enter into, amend, or terminate any contract that affects the Property other than in the ordinary course of operating the Property and will promptly give notice to Purchaser of each new, amended, or terminated contract, including a copy of the contract, in sufficient time so that Purchaser may consider the new information before the end of the Option Period. If Seller's notice is given within three days before the end of the Option Period, the Option Period will be extended for three days. After the end of the Option Period, Seller shall not enter into, amend, or terminate any contract that affects the Property without first obtaining Purchaser's written consent. (b) Casualty Damage. Purcahser will notify Seller promptly after discovery of any casualty damage to the Property. Seller will have no obligation to repair or replace the Property if it is damaged by casualty before closing. Purchaser may terminate this contract if the casualty damage that occurs before closing would materially affect Purchaser's intended use of the Property, by giving notice to Seller within fifteen days after receipt of Seller's notice of the casualty (or before closing if Seller's notice of the casualty is received less than fifteen days before closing). The casualty damage will be deemed to materially affect Purchaser's intended use if the estimated amount of the damage exceeds ten percent of the Purchase Price. If Purchaser does not terminate this contract, Seller will convey the Property to Purchaser in its damaged condition. (c) Claims; Hearings. The parties will notify each other promptly of any claim, administrative hearing or lawsuit that is threatened, filed, or initiated before closing that affects the Property. Section 7. Closing Conten2encies. 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 fifteen (15) days after the satisfaction of the following contingencies to Closing ("Closing Contingencies"), 30 days from the expected date of full execution of the contract but not later than November 1, 2005. The Closing Contingencies are as follows: (1) the Property must be connected to either the City of Fort Worth water system, or the City of Fort Worth sewer system, a municipal water system or a municipal sewer system; (2) all taxes on the Property are current and not in a delinquent status; 5 (3) all payments or money due to the City of Fort Worth must be current and not in a delinquent status, "payments" and "money due" includes, but is not limited to lease payments, garbage fees and water and sewer fees; (4) all the liens on the Property securing any indebtedness to Seller must be paid and released; (5) the Property is not served by a septic tank or a drainage field off the Property. (6) The Property is in compliance with all state and local rules regarding the septic system. Section 8. Closing (a) At the Closing, all of the following shall occur, all of which are deemed concurrent conditions: (1) Seller, at Seller's sole cost and expense, shall deliver or cause to be delivered to Purchaser the following: (i) a Special Warranty Deed ("Deed"), fully executed and acknowledged by Seller, conveying to Purchaser good and indefeasible fee simple title to the Property subject only to the Permitted Encumbrances, with the precise form of the Deed to be determined pursuant to Section 10 below; (ii) Any other instrument or document necessary for Title Company to issue the Owner Policy in accordance with Section 8(a)(4) 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, (3) Purchaser shall be responsible for all closing costs and prorations. (4) 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, other than existing tenants under executed leases and the standard exception for taxes shall read: 6 "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"; (5) The Earnest Money shall be applied to the Purchase Price at Closing. (6) Seller and Purchaser shall each pay their respective attorneys' fees and Purchaser shall be responsible for all of the escrow and recording fees. (b) Ad valorem and similar taxes and assessments, if any, relating to the Property shall be prorated between Seller and Purchaser as of the Closing Date, based on estimates of the amount of taxes that will be due and payable on the Property during the calendar year in which the Closing occurs. As soon as the amount of taxes and assessments on the Property for that year is known, Seller and Purchaser shall readjust the amount of taxes to be paid by each party with the result that Seller shall pay for any taxes and assessments applicable to the Property up to and including the date of Closing, and Purchaser shall pay for those taxes and assessments applicable to the Property after the Closing. The provisions of this Section 8(b) survive the Closing. Section 9. 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 10. Closing Documents. No later than ten (10) days prior to the Closing Date, Seller shall deliver to Purchaser (a) a copy of the Deed, which is attached as Exhibit B; (b) a copy of the Sewer Disclosure Notice which is attached as Exhibit C Section 11. 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, (iv) deposited into the custody of Federal Express Corporation to be sent by FedEx Overnight Delivery or other reputable overnight carrier for next day delivery, addressed to the party at the address specified below, or (v) telecopied to the party at the telecopy number Listed below, provided that the transmission is confirmed by telephone on the date of the transmission. �Nr (b) The address of Seller under this Contract is: City of Fort Worth 1000 Throckmorton Street Fort Worth, Texas 76102 Attention: Lisa Scotford Telephone: 817-392-8364 Telecopy: 817-392-8361 (c) The address of Purchaser under this Contract is: Stephen E. Leach 4729 Collinwood Ave Fort Worth, Texas 76107 Attention: Stephen E. Leach Telephone: 817-246-9168 Telecopy: 817-367-2111 (d) From time to time either party may designate another address or telecopy number under this Contract by giving the other party advance written notice of the change. Section 12. 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, whereupon neither party hereto shall have any further rights or obligations hereunder, and Title Company shall deliver the Earnest Money to Seller as liquidated damages, free of any claims by Purchaser or any other person with respect thereto. It is agreed that the Earnest Money is a reasonable forecast of just compensation for the harm that would be caused by Purchaser's breach and that the harm that would be caused by such breach is one that is incapable or very difficult of accurate estimation, and that the payment of these sums upon such breach shall constitute full satisfaction of Purchaser's obligations hereunder. (b) If Seller fails or refuses to consummate the sale of the Property pursuant to this Contract at Closing or 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 terminate this Contract by giving written notice thereof to Seller prior to or at the Closing whereupon the Earnest Money and any Improvement Dollars that have been deposited with the Title Company shall be returned to Purchaser and neither party hereto shall have any further rights or obligations hereunder. (c) If either Seller or Purchaser becomes entitled to the Earnest Money upon cancellation of this Contract in accordance with its terms, Purchaser and Seller covenant and 8 agree to deliver a letter of instruction to the Title Company directing disbursement of the Earnest Money to the party entitled thereto. Section 13. 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 14 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 consent of the other party. Section 15. Time for Execution. If Seller has not executed and returned a fully executed copy of this Contract to Purchaser by 5:00 p.m, Fort Worth, Texas time on August 30, 2005, this Contract shall be null and void. Section 16. Time of the Essence. Time is of the essence under this Contract. Section 17. Takinst 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 whereupon the Earnest Money that has been deposited with the Title Company shall be returned to Purchaser, 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 18. Governinp-Law. This Contract shall be governed by and construed in accordance with the laws of the State of Texas. Section 19. 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 20. Venue. Venue of any action brought under this Contract shall be in Tarrant County, Texas if venue is legally proper in that county. Section 21. Severability. If any provision of this Contract is held to be invalid, illegal, or unenforceable in any respect, such invalidity, illegality, or unenforceabi ity will not affect any other provision, and this Contract will be construed as if such invali , .illegal, or, v,: ti.✓ unenforceable provision had never been contained herein. I ;;.`,, .fII777� a -41 Section 22. Business Days. If the Closing date or the day for performance of any act required under this Contract falls on a Saturday, Sunday, or legal holiday, then the Closing date or the day for such performance, as the case may be, shall be the next following regular business day. Section 23. 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 24. Survival. The obligations of this contract that cannot be performed before termination of this contract or before closing will survive termination of this contract or closing, and the legal doctrine of merger will not apply to these matters. If there is any conflict between the Closing Documents and this contract, the Closing Documents will control. Section 25. Contract Construction. The parties acknowledge that each party and, if it so chooses, its counsel have reviewed and revised this Agreement and that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party must not be employed in the interpretation of this Agreement or any amendments or exhibits hereto. Exhibits The following are attached to and are a part of this contract: Exhibit A—Description of the Land Exhibit B- Special Warranty Deed Exhibit C- Sewer Disclosure Notice This Contract is executed as of the Effective Date. SELLER: PURCHASER: CITY By WORTH STEP AC J ` All a c. Ott Assis anY City Manager each Date: /DaTt –d Attest Marty Hendrix �} City Secretary Contract huthorizatiox Approv to Legality and Form Dat- As start `UFRUl MUND 10 CIF 3���gi�E "Y By its execution below, Title Company acknowledges receipt of the Earnest Money described in this Contract and agrees to hold and deliver the same and perform its other duties pursuant to the provisions of this Contract. TITLE COMPANY: Commerce Title Company, Star Village Commons, 3980 Boat Club Road, Suite 102, Fort Worth, Texas 76135 By: Susan Griffin Title: Date: 11 FoF,TWOP,TH Exhibit "AT' Real Property Description for a 3.380 acre Tract of Land out of Block 32 Lake Worth Leases A tract of land out of the Garcia, Montez, and Duran Survey, Abstract Number 626, and the D. E. Norton Survey, Abstract Number 1174, and being a portion of those certain tracts of land conveyed to the City of Fort Worth, by deeds recorded in Volume 351, Page 578, and Volume 379, Page 245, Deed Records, Tarrant County, Texas, and further being a portion of Block 32, Lake Worth Lease property, according to maps on file in the Department of Engineering, File Number J-175; BEGINNING at a 5/8" iron rod found for the northeast corner of Lot 14I, Block 32, Lake Worth Leases, according to plat recorded in Cabinet A, Slide 9039, plat Records, Tarrant County, Texas, and further being North 89 degrees 41 minutes 28 seconds West, 347.61 feet, and North 00 degrees 18 minutes 32 seconds East, 2,653.14 feet, from U. S. Army Corps or Engineers Survey Marker Stamped AFP 4-7, found in place of Lake Worth Boundary Monument Number 17m for the southeast corner of said Norton Survey; THENCE: with the north line of said Lot, South 85 degrees 52 minutes 42 seconds West, at 79.80 feet, pass a 1/2" iron rod found, at 105.60 feet, pass a 5/8" iron rod set, in all 135.67 feet, to its northwest corner, being in the 5 94.0 contour line for the Lake Front Property Line of the waters of Lake Worth, and being the most westerly southwest corner of the herein described tract; THENCE: the following described courses and distances, with the 594.0 contour line for the Lake Front Property Line of the waters of Lake Worth; North 00 degrees 11 minutes 16 seconds West, 223.42 feet; North 09 degrees 22 minutes 23 seconds East, 104.02 feet; North 61 degrees 47 minutes 08 seconds East, 166.47 feet; North 42 degrees 29 minutes 18 seconds East, 49.69 feet; North 53 degrees 03 minutes 20 seconds East, 35.64 feet)- South eet;South 76 degrees 06 minutes 11 seconds East, 23.13 feet; South 38 degrees 23 minutes 32 seconds East, 36.14 feet; South 26 degrees 28 minutes 32 seconds East, 47.57 feet; South 09 degrees 51 minutes 49 seconds East, 100.91 feet; South 27 degrees 14 minutes 07 seconds East, 102.79 feet; South 10 degrees 11 minutes 54 seconds West, 91.63 feet; ENGINEERING DEPARTMENT THE CITY OF FORT WORTH * 1000 THROCKMORTON STREET * FORT WORTH, TEXAS 76102-6311 (817) 871-7941 * FAx (817) 871-7854 �.s Printed on recycled paper M// THENCE: continuing the following described courses and distances, with the 594.0 contour line for the Lake Front Property Line of the waters of Lake Worth, South 24 degrees 59 minutes 03 seconds West, 62.02 feet; South 19 degrees 03 minutes 03 seconds East, 57.36 feet; and South 02 degrees 21 minutes 19 seconds East, 63.18 feet, to the most easterly southeast corner of the herein described tract; THENCE: departing said Lake Front Property Line, South 43 degrees 01 minutes 12 seconds West, at 73.61 feet, pass a 5/8" iron rod with a red plastic cap marked"City of Fort Worth Survey Division" set, in all 143.61 feet, to a 5/8" iron rod with a red plastic cap marked "City of Fort Worth Survey Division" set; THENCE: North 82 degrees 23 minutes 11 seconds West, 43.46 feet, to an aluminum capped 5/8" iron rod set, said iron being in a curve having a radius of 50.0 feet, and further being in the right-of-way dedication for the cul-de-sac at the north end of Bomber Road, according to said plat, THENCE: northwesterly with said curve, to the left, through a central angle of 205 degrees 24 minutes 19 seconds, an arc distance of 179.25 feet, to a railroad spike set, in the east line of said Lot,the chord of said curve bears North 30 degrees 34 minutes 47 seconds West, a distance of 97.55 feet; THENCE: with the east line of said Lot, North 05 degrees 04 minutes 35 seconds West, 93.58 feet,to the Place of Beginning, and containing some 3.380 acres of land, more or less: SAVE and EXCEPT, the following described tract of land for the purpose of maintaining, operating, and constructing an inundation/floodplain; BEGINNING at the northwest corner of said Lot, being in the 594.0 contour line for the Lake Front Property Line of the waters of Lake Worth, and being the most westerly southwest corner of the herein described tract; THENCE: the following described courses and distances, with the 594.0 contour line for the Lake Front Property Line of the waters of Lake Worth; North 00 degrees 11 minutes 16 seconds West, 223.42 feet; North 09 degrees 22 minutes 23 seconds East, 104.02 feet; North 61 degrees 47 minutes 08 seconds East, 166.47 feet, North 42 degrees 29 minutes 18 seconds East, 49.69 feet; North 53 degrees 03 minutes 20 seconds East, 35.64 feet, South 76 degrees 06 minutes 11 seconds East, 23.13 feet; South 38 degrees 23 minutes 32 seconds East, 36.14 feet; South 26 degrees 28 minutes 32 seconds East, 47.57 feet; South 09 degrees 51 minutes 49 seconds East, 100.91 feet; South 27 degrees 14 minutes 07 seconds East, 102.79 feet; South 10 degrees 11 minutes 54 seconds West, 91.63 feet; THENCE: continuing the following described courses and distances, with the 594.0 contour line for the Lake Front Property Line of the waters of Lake Worth; South 24 degrees 59 minutes 03 seconds West, 62.02 feet; South 19 degrees 03 minutes 03 seconds East, 57.36 feet; and South 02 degrees 21 minutes 19 seconds East, 63.18 feet, to the most easterly southeast corner of the herein described tract; THENCE: departing said Lake Front Property Line, South 43 degrees 01 minutes 12 seconds West, 42.15 feet, to a line 30 feet upland from and parallel with the Lake Front Property Line; THENCE: the following described courses and distances, with a line 30 feet upland from and parallel with the Lake Front Property Line; North 02 degrees 21 minutes 19 seconds West, 88.39 feet, North 19 degrees 03 minutes 03 seconds West, 65.09 feet; North 24 degrees 59 minutes 03 seconds East, 70.26 feet; North 10 degrees 11 minutes 54 seconds East, at 13.89 feet, pass a 5/8" iron rod with a red plastic cap marked "City of Fort Worth Survey Division" set, in all 77.57 feet; North 27 degrees 14 minutes 07 seconds West, at 5.61 feet, pass a 5/8" iron rod with a red plastic cap marked "City of Fort Worth Survey Division" set, in all 77.57 feet, to a 5/8" iron rod with a red plastic cap marked "City of Fort Worth Survey Division" set; North 09 degrees 51 minutes 49 seconds west, 10 1.11 feet, to a 5/8" iron rod with a red plastic cap marked "City of Fort Worth Survey Division" set; North 26 degrees 28 minutes 32 seconds West, 40.06feet; North 38 degrees 23 minutes 32 seconds West, 21.71 feet; South 53 degrees 03 minutes 20 seconds West, 17.77 feet; South 42 degrees 29 minutes 18 seconds West, 52.02 feet, to a 5/8" iron rod with a red plastic cap marked "City of Fort Worth Survey Division" set; South 61 degrees 47 minutes 08 seconds West, 156.80 feet; , to a 5/8" iron rod with a red plastic cap marked "City of Fort Worth Survey Division' set; South 09 degrees 22 minutes 23 seconds West, 86.74 feet; , to a 5/8" iron rod with a red plastic cap marked "City of Fort Worth Survey Division' set; and South 00 degrees 11 minutes 16 seconds East, 218.85 feet, to a 1/2" iron rod found in the north line of said Lot; THENCE: with the north line of said Lot, South 85 degrees 52 minutes 42 seconds West, 30.07 feet, to the Place of Beginning and containing some 0.778 acres of land, more or less. Surveyed on the ground in October, 2000 through May 2004, survey of 3.380 acres prepared in January 2005, from previous survey. Basis of Bearing: Texas Coordinate System, North Central Zone, NAD 27 "In accordance with the Texas Board of Professional land Surveying, General Rules of Procedures and Practices, 663.19(9), this"report"consist of the legal description included herein, and a Map of Survey. OT,E,q�xI SANS� y$EN . r Exhibit B Special Warranty Deed Form EXAMPLE OF SPECIAL WARRANTY DEED STATE OF TEXAS § § Know All Persons by These Presents: COUNTY OF TARRANT § Date: Grantor: CITY OF FORT WORTH Grantor's Mailing Address: 1000 Throckmorton Street Fort Worth, Tarrant County, Texas 76102 Grantee: Grantee's Mailing Address: Consideration:TEN AND NO/100 DOLLARS ($10.00) and other good and valuable consideration. Property. Reservation from and Exceptions to Conveyance and Warranty: An avigation easement is reserved on behalf of the public for free and unobstructed passage of aircraft over the subject property in the navigable airspace above the minimum altitudes of flight prescribed by federal regulations, including airspace needed to ensure safety in the takeoff and landing of aircraft. Grantee hereby releases the Grantor, its officers, agents and employees from any and all claims and liability resulting from the noise, vibration, fumes, dust fuel, electromagnetic interference and lubricant particles and all other effects, whether such claims are for injury or death to person or persons or damages to or taking of property, arising out of or in connection with the use of this easement, when such use is in compliance with the regulations and guidelines of the Federal Aviation Administration, successor agency, or other governmental authority with jurisdiction over the matter. For Grantor and Grantor's, successors and assigns forever, a reservation of all oil, gas, and other minerals in and under and that may be produced from the Property. 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. _ y fir+ IJ Grantor and Grantor's successor or assigns shall have any right to enter the Property in accordance with adopted City Ordinances governing gas and oil exploration and development. This conveyance is further subject to all restrictions, reservations, easements, prescriptions, right of way, maintenance or similar charges and any liens securing the payment thereof, declarations, covenants and conditions of record, if any, only to the extent they are presently in effect. Grantee acknowledges that Grantor has not made and does not make any representations as to the physical condition, or any other matter affecting or related to the property (other than warranties of title as provided and limited herein). Grantee expressly agrees that, to the maximum extent permitted by law, the property is conveyed "AS IS" and "WITH ALL FAULTS", and Grantor expressly disclaims, and Grantee acknowledges and accepts that Grantor has disclaimed, any and all representations, warranties or guaranties, of any kind, oral or written, express or implied (except as to title as hereafter provided and limited) concerning the property including without limitation the value, condition, merchantability, habitability, marketability, profitability, suitability or fitness for a particular use or purpose, of the property. Grantor expressly reserves out of the property conveyed in this instrument a perpetual flowage easement including the right to inundate, flood and overflow all of the property as shown on the recorded plat. Grantor shall not be liable for any damages resulting from the reasonable use of this easement. Further, Grantee shall not construct any structures and/or improvements beyond the established lake front property line, unless specifically permitted in the following paragraph. Any and all such permitted structures and/or improvements which extend into the flowage easement shall be constructed at a minimum finished floor elevation level of six hundred and one (601) feet. There is expressly granted unto Grantee an easement without warranty expressed or implied over the lands of the Grantor and the waters of Lake Worth, as they may be located from time to time, for water recreational purposes, for the purpose of ingress and egress to and from Lake Worth, and for the construction, maintenance and use of piers, docks and boat houses including the storage of boats, on the following described water and lands: A) the lands enclosed on one side by the lakefront property line of Grantee, on a second side by the waters of Lake Worth, and on a third and fourth side by two lines, each beginning at opposite ends of Grantee's lakefront property line, and each being a projection of the side lot lines of each lot as descnbed in the metes and bounds. (Hereinafter referred to as the "Access Easement".) (See Typical Water Use and Access Easement Exhibit A, attached hereto.); B) the waters of Lake Worth, except that such use shall be nonexclusive except for such piers and docks constructed thereon; C) the land lying under the waters of Lake Worth that are adjacent to the access easement, lying between two lines, each beginning at opposite ends of Grantee's lakefront property line, and each being a projection of the side lot lines of each lot as described in the metes and bounds. (See Typical Water Use and Access Easement Exhibit A, attached her_eto,1 , __l D) All improvements, piers or structures on each easement must abut the lakefront property line of the property conveyed herein and cannot extend into the waters of Lake Worth for such distance as to deny access to said waters by adjoining land owners. Such improvements, piers or structures may extend to a point 100 feet from the lakefront property line into the waters of Lake Worth regardless of the depth of the water at the point, or to the point at which the elevation of the land lying under Lake Worth is not greater than 584 feet above mean sea level, but in no instance to extend further than 150 feet from the lakefront property line into the waters of Lake Worth. No construction beyond the above mentioned limits shall be considered without the prior written approval from the Director of Engineering for the City of Fort Worth. Variance shall be considered on a case by case basis. A Typical Water Use and Access Easement drawing is attached and incorporated to this Special Warranty Deed as Exhibit "A"; It is specifically understood that Grantor shall retain any and all interests in the above described water and lands subject to such water use and access easement, and does not intend to convey any of these interests to Grantee unless specifically granted hereto. Operation, Maintenance and Abandonment of Sanitary Sewer/ Septic Systems Grantee shall be responsible for operating and maintaining individual septic systems, sewer lines and laterals on the property conveyed from the point of the City of Fort Worth sewer connection. Grantee shall connect to public sewer service when available and Grantee shall be responsible for all applicable connection fees. Further, Grantee shall be responsible for the proper abandonment of the septic system, sewer lines and laterals. The cost of such abandonment shall be the sole responsibility of Grantee. Grantee agrees to allow the Grantor access to the lot at reasonable times for the purpose of inspecting the operation of the septic system to verify compliance with applicable federal and state laws and statutes as well as the charter and ordinances of the City of Fort Worth. Grantee shall, at Grantee's expense, connect the water and sewer lines of the property to the water and sewer systems to be installed by Grantor to serve the property, when such water and sewer system is available for connection, including but not limited to paying tap fees and impact fees as required by City Ordinances. This conveyance is expressly made and accepted subject to all easements, restrictions, and other instruments properly of record. Nothing in this conveyance shall be construed as a waiver of the powers of Grantor to enact ordinances as a municipal corporation or as any reservation of the power in Grantor to vary the estates in land conveyed or reserved herein. Grantor, for the consideration and subject to the reservations from and 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 wise belonging, to have and hold it to Grantee, Grantee's heirs, executors, administrators, successors, and assigns forever. Grantor binds Grantor and Grantor's heirs, executors, administrators, and successors to warrant and forever defend all and singular the property to Grantee and Grantee's heirs, executors, administrators, s4ccessors and . assigns against every person whomsoever lawfully claiming or to claim the sam orj any part thereof, except as to the reservations from and exceptions to conveyance and warranty, by, through and under it, but not otherwise. When the context requires, singular nouns and pronouns include the plural. IN WITNESS WHEREOF, Grantors have caused this instrument to be executed on this the day of , 20 APPROVED AS TO FORM CITY OF FORT WORTH AND LEGALITY: Assistant City Attomey Assistant City Manager GRANTEE JR :. THE STATE OF TEXAS § COUNTY OF TARRANT § BEFORE ME, the undersigned authority, on this day personally appeared Marc A. Ott, known to me to be the person and officer whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same as the act and deed 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 , 2003 THE STATE OF TEXAS § COUNTY OF TARRANT § This instrument was acknowledged before me on by GIVEN UNDER MY HAND AND SEAL OF OFFICE, this day of ' 2003 THE STATE OF TEXAS § COUNTY OF TARRANT § This instrument was acknowledged before me on by GIVEN UNDER MY HAND AND SEAL OF OFFICE, this day of , 2003 Exhibit ,. to fhe Speelal Warranty Deed W°fer Use and AeGess Easernent AnY structure . K'o�orin this are, J Use may not dcn !f waters easement access to ad Fo of goo• ( lOndawners inq I fake Worth 15()' �Ofm4i) kaAc xfurh J '� S�cCSS I (Dist. Ven! Lakefront Property Une ' s Property Conveyed, pubrfc Ri9ht_of lvc;y Exhibit"C" EXAMPLE OF DISCLOSURE NOTICE REGARDING THE LACK OF A MUNICIPAL SEWER SYSTEM STATE OF TEXAS § COUNTY OF TARRANT § Date: Seller's Name and Address: City of Fort Worth 1000 Throckmorton Fort Worth, Tarrant County, Texas 76102 Buyer's Name and Address: Property: As described in attached Exhibit "A". THIS NOTICE ("NOTICE") IS A DISCLOSURE OF THE CONDITION OF THE PROPERTY AS OF THE DATE SIGNED AND IS NOT A SUBSTITUTE FOR ANY INSPECTIONS OR WARRANTIES THAT MAY BE DESIRED. THIS NOTICE IS NOT A WARRANTY OF ANY KIND. Seller's Disclosure: The Property is not connected to a municipal sewer system therefore, under State Law and City of Fort Worth Ordinances, Buyer is prohibited from constructing a new or additional structure on the Property that will require any part of a drainage field or septic tank serving any structure on the Property to be installed outside the boundaries of the Property. Buyer's Acknowledgment Buyer is aware that the Property is not connected to a municipal sewer system and therefore, Buyer acknowledges and agrees that Buyer is prohibited from constructing a new or additional structure on the Property that will require any part of a drainage field or septic tank serving any structure on the Property to be installed outside the boundaries of the Property. 1 Seller: City of Fort Worth Marc A. Ott, Assistant City Manager Buyer After Recording Please Return to: City of Fort Worth Real Property Division 1000 Throckmorton Fort Worth, Texas 76102 2 THE STATE OF TEXAS § COUNTY OF TARRANT § BEFORE ME, the undersigned authority, on this day personally appeared Marc A. Ott, known to me to be the person and officer whose name is subscnbed to the foregoing instrument, and acknowledged to me that he executed the same as the act and deed 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 2005 Notary Public THE STATE OF TEXAS § COUNTY OF TARRANT § Before me, the undersigned authority, personally appeared James Blackburn, known to me to be the person whose name is subscribed to the foregoing Disclosure Notice and who acknowledged to me that the document was read in its entirety and understood and was executed for the purposes and consideration expressed therein. GIVEN UNDER MY HAND AND SEAL OF OFFICE, this day of 2005 Notary Public THE STATE OF TEXAS § COUNTY OF TARRANT § Before me, the undersigned authority, personally appeared Barbara Blackburn, known to me to be the person whose name is subscribed to the foregoing Disclosure Notice and who acknowledged to me that the document was read in its entirety and understood and was executed for the purposes and consideration expressed therein. GIVEN UNDER MY HAND AND SEAL OF OFFICE, this day of 2004 Notary Public 3 City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 5/17/2005 DATE: Tuesday, May 17, 2005 LOG NAME: 30LEACHSALE REFERENCE NO.: **L-14090 SUBJECT: Approve the Ratification and Amendment of the Lease and Sale of the Lake Worth Lease Property Located at 1349 Bomber Road, Lake Worth Lease Map J-175, to Stephan Leach, Current Lessee of this Lease Property RECOMMENDATION: It is recommended that the City Council: 1. Approve the amendment of the Lease between the City of Fort Worth and Stephan Leach to accurately reflect the leased property and ratify the lease; 2. Approve the sale of a 3.38 acres tract of land located in a portion of Block 32, Lake Worth Lease Map J- 175 to Stephan Leach; and 3. Authorize the City Manager to execute the appropriate documents to complete the sale. DISCUSSION: On July 15, 2001, House Bill 1490 was signed into law. This amendment to the Texas Local Government code, Section 272.001(h), allows a municipality having a population of 575,000 or less and owning land within 5,000 feet of the shoreline of a lake, without notice or the solicitation of bids, to sell the land to the person(s) leasing the land for fair market value of the land. The lease property is located at 1349 Bomber Road. Mr. Stephan Leach has leased the property from the City since August 8, 1997. The current lease has expired however, the City has agreed to allow Mr. Leach to holdover on the property on a month-to-month lease until Mr. Leach purchases the property at fair market value. The sale price negotiated by staff is $160,000. Mr. Leach will pay all closing costs associated with the sale. The lease property was resurveyed and the legal description is now known as a 3.380 acre tract of land out of the D.E. Norton Survey, Abstract No. 1147 and the Garcia, Montez, and Duran Survey, Abstract No. 626 located in a portion of Block 32, Lake Worth Lease Map J-175. A Lease Amendment ratifying the month to month lease and revising the description must be processed to accurately reflect the land being sold. This particular property operates as a commercial lease and therefore was not included on the list of lease lots previously approved for a direct sale under M&C L-13249. The lease property was re-zoned May 10, 2005 to reflect a commercial classification prior to the sale of the property. Mr. Stephan Leach has leased the property from the City since August 8, 1997. This property is served by a public water supply but is in not yet connected to a municipal sewer Logname: 30LEACHSALE Pagel of 2 system. Once public sewer service is installed and available, the purchaser, Mr. Leach, will be responsible for connection to the municipal sewer at his own expense. This property is located in COUNCIL DISTRICT 7. FISCAL INFORMATION/CERTIFICATION: The Finance Director certifies that the Engineering Department, Real Property Division, will be responsible for the collection and deposit of funds from the sale of this property. TO Fund/Account/Centers FROM Fund/Account/Centers FE70 442302 030001902000 $160,000.00 Submitted for City Manager's Office by: Marc Ott (8476) Originating Department Head: A. Douglas Rademaker (6157) Additional Information Contact: A. Douglas Rademaker (6157) Logname: 30LEACHSALE Page 2 of 2