HomeMy WebLinkAboutRES 85-153 R E S O L U T I O N
BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF BEAUMONT:
THAT the City Manager be, and he is hereby, authorized to execute
the agreement attached hereto as Exhibit "A" and the same is hereby
approved and accepted in connection with the leasing of Tyrrell
Park for oil and gas exploration.
PASSED BY THE CITY COUNCIL of the City of Beaumont this
the day of , 1985.
ILL-
Mayor -
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PROPOSED PARAGRAPH FOR INCI IN TYRRELL PARK MINERAL LEASE
______________ __________________________ __________________
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. (X) Tytex Properties, Ltd. ,a Texas Limited Partnership , as successor
to the W. C. Tyrrell Trust , joins beFein for the sole purpose of ~
evidencing its consent to the execution of this Oil and Gas Lease
covering that certain 500 acres of land in the City of Beaumont , Texas
known as the Tyrrell Park upon the following terms and conditions:
(A) This consent shall apply solely to this particular Oil and
Gas Lease and shall not affect or have any application to any
other agreement of any kind or character , and nothing herein
shall be construed as a waiver , conveyance, amendment or
` interpretation of any of the rights, powers, estates or
interests to which the successors of the W. C. Tyrrell Trust
may be entitled by virtue of the original General Warranty
Deed dated May 22, 1920 or the Corrected General Warranty Deed
dated Dec. 30, 1926 by which the Tyrrell Park was transferred
to the City of Beaumont , Texas.
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(B) The parties hereto agree that the entire proceeds to be
derived by the City of Beaumont , Texas under the terms of this
lease, including but not limited to lease bonus, rentals,
royalties, and surface damages, will be specifically dedicated
as follows: one-half ( 1/2) to the maintainance, repair , or
� improvement of the Tyrrell Park , and one-half ( 1 /2) to the
maintenance, repair , or improvement of the Tyrrell Historical
- Library located in downtown Beaumont , Texas. Such division of
revenues must be in addition to, and not in lieu of , the
amounts normally budgeted by the City of Beaumont , Texas for
the maintenance, repair , or improvement of these two
facilities; it being the intent of this paragraph to implement
the expenditure of additional funds to these two properties so
that they may be further improved or maintained for the
benefit and enjoyment of the citizens of Beaumont.
(C) All development of this lease shall be by directional
drilling from adjacent tracts or by pooling with adjacent
tracts unless there is a specific written agreement approved
by both the City of Beaumont and Tytex Properties, Ltd.
(D) This lease will be recorded in the Deed Records of
Jefferson County, Texas within six months of its execution.
(E) By their execution of this Oil and Gas Lease, both the
City of Beaumont , Texas and the Lessee herein agree to be
bound by all of the terms and provisions of this paragraph
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CITY OF BEAUMONT, TEXAS TYTEX PROPERTIES, LTD.
"LESSOR"
by: ______________________ by: ___________________________
W. C. Tyrrell , Jr. , Gen. Partner
-----T---�--�------------ -�a---�---- --------�--�---ner
__--__ Frank A. Eastman ,_ Gen. Part
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Exhibit "A"