Loading...
HomeMy WebLinkAboutResolution - 4073 - Release & Acknowledgment - LCCIC & LCIWR - JE, & Estate Of E Hancock, WW - 01_28_1993Resolution No. 4073 January 28, 1993 Item No. 24 RESOLUTION BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: THAT the Mayor of the City of Lubbock BE and is hereby authorized and directed to execute for and on behalf of the City of Lubbock a Release and Acknowledgment by and between the City of Lubbock and Lubbock Christian College Investment Corporation and Lubbock Christian Institute of Water Research releasing J. E. Hancock and the Estate of Eileen Hancock from any and all obligations incurred as a result of the execution of a Waste Water Lease Agreement dated August 14, 1980, attached herewith, which shall be spread upon the minutes of the Council and as spread upon the minutes of this Council shall constitute and be a part of this Resolution as if fully copied herein in detail. Passed by the City Council this ATTEST - Sally Stitfi Abbe, Acting city Secretary APPROVED AS TO CONTENT: Carroll McDonald, Assistant C ty Manager APPROVED AS TO FORM: IL n C. Ross, Jr., City Altorn&Y JCR:da/AGENDA-D1/R-HNCoCK.re3 Je unry 19, 1993 . f Resolution No. 4073 THE STATE OF TEXAS § § RELEASE AND ACKNOWLEDGMENT COUNTY OF LYNN § KNOW ALL PERSONS BY THESE PRESENTS, THAT: WHEREAS, all of the undersigned (other than LUBBOCK CHRISTIAN UNIVERSITY ENDOWMENT FOUNDATION TRUST and J. E. HANCOCK in his capacities as herein set forth brought about by the death of EILEEN HANCOCK a/k/a EILEEN M. HANCOCK), are parties to one or more of the following agreements: a. Waste Water Lease Agreement dated August 14, 1980, by and among Hancock, LUBBOCK CHRISTIAN COLLEGE INVESTMENT CORPORATION ("LCCIC"), L.C.C. INSTITUTE OF WATER RESEARCH ("Institute"), and the City of Lubbock, Texas ("City"); b. Lease and Land Use Agreement dated August 13, 1980, by and among Hancock, LCCIC and Institute; and C. Sewage Effluent Supply Contract dated August 13, 1980, by and among Hancock, LCCIC, Institute and STANDEFER & GRAY, INC. ("Standefer & Gray"), (all of said agreements being hereinafter collectively called the "Agreements"); WHEREAS, J. E. HANCOCK and wife, EILEEN HANCOCK (collectively called "Hancock") executed the Agreement in their capacity as owners of all or portions of the real property described therein; and WHEREAS, Hancock has conveyed all of their interest in said property to LCCIC and LUBBOCK CHRISTIAN UNIVERSITY ENDOWMENT FOUNDATION TRUST ("LCUEFT") and are no longer the owners of any interest in any property covered by such Agreement; and WHEREAS, LCCIC and LCUEFT accepted the conveyance of said property subject to the Agreements; and WHEREAS, Standefer & Gray have transferred and assigned unto the City all right, title, and interest of Standefer & Gray in the Sewage Effluent Supply Contract dated August 13, 1980, hereinabove referred to in Subparagraph C, a true and correct copy of such assignment and transfer being attached hereto as Exhibit "A", and made a part hereof for all purposes. WHEREAS, the undersigned desire to confirm that the conveyance of such property by Hancock releases Hancock from any and all obligations under the terms of the Agreements, and desire to further confirm such release and also release the Estate of Eileen M. Hancock, her heirs and assigns, and the EILEEN M. HANCOCK ESTATE TRUST; and WHEREAS, LCCIC and the Institute desire to confirm that the release of Hancock and the Estate of Eileen M. Hancock, her heirs and assigns, and the EILEEN M. HANCOCK ESTATE TRUST from any and all obligation under the terms of the Agreements in no way modifies LCCIC's nor the Institute's obligation under said Agreements; and WHEREAS, LCUEFT joins herein to confirm that its interest in the property remains subject to the Agreements following the release of Hancock; and WHEREAS, J. E. Hancock, individually and as Independent Executor of the Estate of Eileen M. Hancock, deceased, and Trustee of the Eileen M. Hancock Estate Trust desires to confirm that if he in said capacities or his successors in such capacities or interest reacquire an interest in such property (other than a security interest), he or his successors in capacities or interest shall have reassumed their obligations under such Agreements as a result of such acquisition; NOW THEREFORE, for and in consideration of the recitals and other good and valuable consideration to the undersigned in hand paid, the receipt and sufficiency of which is hereby acknowledged, the undersigned agree, except as otherwise herein provided, to release, and by these presents do release, acquit and forever discharge Hancock, and each of them, and the Estate of Eileen M. Hancock, her heirs and assigns and the Eileen M. Hancock Estate Trust, from any and all obligations Hancock has or may ever have had under the terms of the Agreements, the parties acknowledging that all of Hancock's obligations under said Agreements have been assumed by LCCIC. The foregoing notwithstanding, LCCIC and LCUEFT acknowledge that the interest they have acquired from Hancock in the property remains subject Release and Acknowledgement - Page 2 to the Agreements, and further acknowledge that they, and each of the, are bound herein by the terms of the agreements as successors in title and interest to Hancock. Furthermore, the foregoing notwithstanding, J. E. Hancock, individually and as Independent Executor of the Estate of Eileen M. Hancock and Trustee of the Eileen M. Hancock Estate Trust agrees and acknowledges that if he or his successors in capacities or interest acquire an interest in the real property described in the Agreements, other than a security interest, that he or his successors in capacities or interest shall assume all obligations originally agreed to by Hancock in the Agreement. This Release and Acknowledgement shall be binding upon the undersigned and their respective successors, legal representatives and assigns, and shall inure to the benefit of J. E. IIancock and the Estate of Eileen M. Hancock, her heirs and assigns and the Eileen M. Hancock Estate Trust and the City of Lubbock, their respective heirs, successors, legal representatives and assigns. EXECUTED this S,1_ day of S.� n.(�.... %v r , 1992, effective for all purposes as of March 31 , 1992 LUBBOCK CHRISTIAN COLLEGE. INVESTMENT RPORATION By: H r ie M. Pruit , Pr sident L.C..Q. INSTITUTE OF WATER \\" oma A. H' c s Presi TH CI T F K APPFOVED AS TO CONTENT: By id R. Langston, yor Carroll McDonald E. HANCOCK, Individually and -as Assistant City Manages ndependent Executor of the Estate of of Utilities Eileen M. Hancock and Trustee of the Eileen M. Hancock Estate Trust APPROVED AS TO FOAM: LUBBOCK CHRISTIAN UNIVERSITY �END ENT DATION TRUST C /G_ - ohn C. Ross, Jr. B City Attorney nnis . aker, Trustee B �°'� %✓ Nort Baker Trustee By: I J. C. Hamby, Truste Release and Acknowledgement - Page 3 THE STATE OF TEXAS § COUNTY OF LUBBOCK § ral This i strument was acknowledged before me on the 16 day of Pile , 1992, by Harvie M. Pruitt, President of LUBBOCK CHRISTIAN COLLEGE INVESTMENT CORPORATION, a Texas Corporation, on behalf of said corporation. BILL F PHILLIPS NOTARY PUBLIC State of Texas ,„tom Comm. Exp. 10,26.93 THE STATE OF TEXAS § COUNTY OF LUBBOCK § Notary Public, Late f a Printed Name: ,lJOL My commission expires AD- - This 'nstrument was acknowledged before me on the 1-21 9 day of , 1992, by Thomas A. Hicks, President of L.C.C. INSTITUTE OF WATER RESEARCH, a Texas corporation, on behalf of said corporation. BILL F PHILLIPS �NOTARY PUBLIC Notary Public, State T s j State of Texas Comm. Ezp. 10.26-93 Printed Name: My commission expiresJp- THE STA OF TEXAS § COUNTY OF L OCK § his instrumen as acknowledged before me on the o0 IA day of 02 i , 1992, David R. Langston, Mayor of e City of Lubbock, Texas. N ry Pub 'c, State of Texas Printed Name• My commission ex es n DEBORAH BROWN N.1-Y PW14 51a1. d TR ✓r " My C—I.W. [.pl— &23-93 THE STATE OF TEXAS § COUNTY OF LUBBOCK § This instrument was acknowledged before me on the c?O q— day of y re 10*pP , 1992, by J. E. HANCOCK, Individually and as Independent Executor of the Estate of Eileen M. Hancock and Trustee of the Eileen M. Hancock Estate Trust. BILL F PHILLIPS Notary Public, State o xas Printed Name: t° i NOTARY PUBLIC M commission expires „ State of Texas Y P Comm. En 10-26-93 Release and Acknowledgment --Page 4 THE STATE OF TEXAS § COUNTY OF LUBBOCK § This i strument was acknowledged before me on the --10 ij day of Y , 1992, by Lennis Baker, Trustee of Lubbock Christian Universtiy Endowment Foundation Trust. BILL F PHILLIPS NOTARY PUBLIC State of Texas Comm, Exp 10-26-93 THE STATE OF TEXAS § COUNTY OF LUBBOCK § No ar ublic, ate f T as Printed Name: 3 My commission expires ho 14.- his instrument was acknowledged before me on the day of , 1992, by Norton Baker, Trustee of ubbock Christian University Endowment Foundation Trust. THE STATE OF TEXAS COUNTY OF LUBBOCK No Try Public, State of Texas Printed Name: My commission� - WB=ORAHOµy Gmmluisa laplrw 6.1Y93 This inst ment was acknowledged before me on the a 0 )j day of Na )e AC7 1992, by J. W. Hamby, Trustee of Lubbock Christian University Endowment Foundation Trust. Rp' 11" BILL F PHILLIPS Notary Pu lic, St to f xa E NOTARY PUBLICprinted Name: State of Texas Comm. Exn 10-2693 My commission expires - THE STATE OF TEXAS COUNTY OF LUBBOCK T is instrument was of ,199 3, by OLIVIA R. SOLIS NOTARY PUBLIC. State of Te,9 MVCa:nnus, expires NOVEMBER 30, 1993 acknowledged before me on the doll day David R. Langston, Mayor of the City of 6&� 1� 44 Notary Public, State of Texas Printed Name: My commission expires Release and Acknowledgment --Page 5 THE STATE OF TEXAS § ASSIGNMENT COUNTY OF LUBBOCK § STANDEFER & GRAY, INC., a Texas Corporation, as Assignor, does hereby transfer and assign unto CITY OF LUBBOCK, TEXAS, as Assignee, all right, title and interest which Assignor has in and to that certain Sewage Effluent Supply Contract dated August 13, 1980, by and between Standefer & Gray, Inc., a Texas Corporation, as "Company," and LCC Institute of Water Research, a Texas Corporation, as "Institute," as amended by Addendum dated March 15, 1982, true and correct copies of said Contract and Addendum are attached hereto and incorporated herein for all purposes. It is the intent by this transfer and assignment that Assignee acquire all rights of Assignor under said Sewage Effluent Supply Contract. This Assignment is made without any warranties, expressed or implied, and is given in accordance with the Contract -of Sale dated June 9, 1986, where City of Lubbock is "Buyer" and J. Frank Gray, joined pro forma by his wife, Imogene Gray, and Jack P. Driskill, as Independent Executor of the Estate of Lily W. Gray, Deceased, and Standefer & Gray, Inc., a Texas Corporation, Debtor -in -Possession in Cause No.��583-00119, are Sellers. 'SIGNED AND EXECUTED this 4,t7Z day of October, 1988, and effective as of September 30, 1986. STANDEFER & GRAY, INC., a Texas Corporation By J. Frank Gray, President THE STATE OF TEXAS § COUNTY OF LUBBOCK § // This instrument was acknowledged before me on the 4t'ZI( day of October, 1988, by J. Frank Gray, President of STANDEFER & GRAY, INC., a Texas corporation, on behalf of said Corporation. r TARY PUBLIC, State of Texas Printed or Typed Name of Notary My Commission Expires: 9 gdp/gray02/assignl THE STATE OF TEXAS 5 • 5 SEWAGE EFFLUENT SUPPLY CONTRACT COUNTY OF LUBBOCK 5 THIS AGREEMENT is made this 13 day of Lju�= , 1980, by and between STANDEFER & GRAY, INC., a Texas corporation, as "Company", and LCC Institute of Water Research, a Texas corporation, as "Institute". W I T 11 E S S E T ll: WHEREAS, Company has a lease agreement with the City of Lubbock, as "City", dated flay 1, 1968, as amended March, 1978, a copy of which is attached hereto as Exhibit "A"; and WHEREAS, the agreement attached as Exhibit "A" provides that City will pump all of its sewage effluent to lands owned or under control of Company; and WHEREAS, Institute has approached Company with an offer to provide an additional discharge site for sewage effluent located in Lynn County, Texas, hereafter referred to as "Institute lagoon"; and WHEREAS, an addendum to Exhibit "A" is required to allow City to pump sewage effluent to the Institute lagoon and said addendum is attached hereto as Exhibit "B"; and WHEREAS, said Exhibit "B" requires an agreement to be executed between Company and Institute; and NOW THEREFORE, Company and Institute agree as follows: I. Recitations as to Current Volume and Usage A. The present volume of sewage effluent delivered to Company is approximately 15,000,000 gallons per day averaged over the entire year. As the city grows, this volume is expected to increase proportionately. B. Under the contract and addendum attached as Exhibit "A" and Exhibit "B" the City may divert sewage effluent for its own use or for industrial purposes at any time and thereby limit the volume of effluent available to Company or Institute. C. It is contemplated that there is a sufficient volume of sewage effluent to satisfy the requirements of Institute for the 4,000 acres and the agricultural needs of Company. II. Amount of Sewage Effluent to be Pumped to Institute Lagoons Company agrees to furnish to Institute the following sewage effluent to be used only for agricultural or research purposes: A. The total effluent available to Company and Institute shall be divided 50% to Company and 50% to Institute. B. To the extent Company has excess effluent from its 50% over and above its needs for its own use or for service to others, then Institute additionally agrees to accept all such excess up to its maximum pipeline capacity. C. To the extent that Institute has an excess from its 50% over and above its needs, then Company shall have the right to such excess to meet its needs for its own use or service to others. D. J. Frank Gray, or his successor; as Agent for Company, shall also be appointed and designated by Institute, Hancock, and LCCIC- as the person .to advise the city of the percentage of effluent to be pumped to the Institute lagoons and to the Company lagoons. From time to time and at least annually Institute shall submit in writing to Frank Gray an estimate •of its requirements of effluent for research purposes. In no event shall Frank Gray or his successor have any liability to Institute or Company for the volume of effluent actually pumped by City to the Institute lagoons or to the Company lagoons, except for willful. fraud or capricious acts. E. .institute agrees to pay a reasonable service charge to Company for all sewage effluent which is used or disposed of on the 4,000 acre tract; by any firm, person, association, partnership, or corporation, including Eancock, LCCIC and Institute, whether for agricultural or research purposes] provided, however, neither EPA nor Institute will be obligated to pay any service charge for sewage effluent used in any particular year for intensive research on any of the 5% of the 4,000 acre tract designated and used in that year for intensive research and not for agricultural purposes. 2 The amount of this service charge shall be $21.00 per year per acre of land to be used for agricultural purposes for the calendar years 1981, 1982, and 1983. Said service charge is to be paid in advance in January of each calendar year and shall be based upon the total acreage to be used foragricultural purposes during said year. The service charge is paid for the right to use the sewage effluent and is therefore fully accrued and non-refundable, even if no sewage effluent is actually used by a particular tract or farmer. It is anticipated that the pipeline to the 4,000 acres will be completed during the first part of 1981, and therefore during this year the $21.00 per acre shall be calculated on a pro-rata basis according to the percentage of months remaining in the year after the effluent is available and shall be paid in December, 1981. The amount to be paid as service charge shall be renegotiated every 3 years during the existence of this contract. During the last 3 months of 1983 the parties will negotiate and agree upon the amount of service charge to be paid for the calendar years 1984, 1965, and 1986. During the existence of this contract the same procedure shall be followed during the last 3 months of each 3-year term for the following 3 years. The price_to be negotiated shall be based upon the current fair market value of such use•of effluent during the next 3 years; provided, however, during the existence of this contract the amount of this service charge shall never be less than $21.00 per year per acre of land to be used for agricultural purposes, All service charge paid by any party for effluent used or disposed on said 4,000 acres shall always be paid to Company, and no other party shall claim or collect any additional service charge. In the event the amount of the service charge cannot be agreed upon by the parties, the issue of the fair market value shall be submitted to arbiters as hereinafter provided. 3 F. Institute agrees to defend and hold harmless J. Frank Gray; the Estate of Lily Wilkins Gray, Deceased; and Company from any claim or claims arising out of the use, transportation, or storage of the sewage effluent from and after the time it is placed in the Institute pipelines. III. Contract between City and Company This agreement is subordinate to and specifically subject to all the terms and conditions set forth in Exhibit "A" and Exhibit "B", which provide, among other things: (1) The City's right to use at no cost for its purposes during any calendar year the volume of sewage effluent specified - in paragraph 2 of Exhibit'B. (2) The City's right to sell and deliver to others any sewage effluent for industrial purposes and the right to use for its own purposes sewage effluent in excess of the volume setlout in the immediately preceding paragraph (paragraph 2 of Exhibit B; paragraph VIII 2, Exhibit A), but said right is subject to payment of service charge (referred to as royalty in Exhibit A) to Company by City. In this respect Institute understands that Company shall be solely entitled to any and all such payments and'that neither Institute nor any other party shall ever be entitled to or claim any such payments. (3) Notwithstanding any agreement herein between Company and Institute, City has the absolute right when necessary for the com- ..plete disposal of the sewage effluent at any point in time, to pump any amount of sewage effluent to either Company's lagoons or lagoons under control of Institute. Company and Institute both agree to take all such sewage effluent under such circumstances. (4) Company's right to deliver sewage effluent to other entities as provided in Article X 1 of Exhibit "A". In this respect, Institute agrees that Company shall be solely entitled 4 to any and all such payments and that neither Institute nor any other party shall ever be entitled to or claim any such payment. (5) This contract is specifically conditioned upon Company's being able to enter into a contract similar to that attached hereto as Exhibit "B". (6) The term of this agreement shall run contemporaneous with and expire or terminate at the same time as Exhibit "A". IV. Contract Runs with Land It is understood that Institute subleases approximately 4,000 acres from LCCIC, which in turn leases the property from J.E. Hancock. It is also understood that this 4,000 acres is to be used for the disposition of the sewage effluent diverted to Wilson. Accordingly, LCCIC and Hancock specifically agree to all the terms and conditions herein as if their names were inserted every place the Institute's name appears in this agreement. In the event the Institute, LCCIC, or other party in possession of the property fail to perform the obligations of this contract, then and in that event, Hancock and LCCIC fully agree jointly and severally to be bound by this contract and to accept and dispose on said 4,000 acres all water to be diverted to the Institute lagoon herein and,to pay the service charges as herein specified. The covenants and obligations of this agreement, so long as it exists, shall be considered covenants running with the land, and any sale, assignment, lease, conveyance or other transfer of all or any portion of the lands shall be subject to the obligations, covenants, and agreements of this contract, and any purchaser, assignee, lessee, or other transferee of all or any portion of the lands shall be required to assume and perform to the extent necessary those obligations, covenants and agreement of the Institute, LCCIC, and/or Hancock hereunder. 5 Al General A. Nuisance. Institute agrees to properly distribute such effluent at its expense onto the lands owned by Hancock, which lands have been subleased to Institute as shown by the sublease attached hereto as Exhibit "C". It is further agreed that when necessary, due to extended wet or inclement weather, or any other reason, Institute may, in order to comply with its obligations hereunder, provide emergency storage facilities at its own cost and expense, and does hereby covenant with Company to exercise care to prevent such effluent from draining onto lands not owned or controlled by Institute unless otherwise permitted by the owner or owners of such land given in writing, which shall be subject to all of the terms, conditions and covenants contained in this Agreement. Institute does further covenant with Company to handle, distribute and/or' store and to otherwise dispose of such sewage effluent upon such lands in such manner as not to substantially increase the density'of odors emitting therefrom, or from spreading and causing additional discomfort and annoyance to nearby inhabitants, and not to use or suffer to be used such effluent in such a manner as to constitute a nuisance, when and after, the same is placed on said lands and to keep and maintain all premises in such condition as to conform with all federal, state, and local health regulations, - whether now or hereafter established. Institute, LCCIC, and Hancock, jointly and severally,. further agree that, upon receipt of written notice, authorized by any governing body, that the sewage effluent disposal is operating as a nuisance in violation of said federal, state, or local health regu- lations, to correct and abate such condition in a reasonable time. B. Specific Performance. The parties hereby declare that it is impossible to measure in money the damages which will accrue to a party hereto by reason of a failure to perform any of the 6 obligations under this agreement. Therefore, if any party hereto shall institute any action or proceeding to enforce the provisions hereof, any party or person against whom such action or proceeding is brought hereby waives the claim or defense therein that the party instituting such action or proceeding has an adequate remedy at law, and such party or person shall not urge in any such action or proceeding the claim or defense that such a remedy at law exists. C. Delivery or Disposal of Effluent to Other Parties. With the written consent of Company, which consent shall not be unrea- sonably withheld, Institute may also dispose of or deliver sewage effluent for agricultural purposes onto lands other than the 4,000 acres described in Exhibit "C". Such delivery or disposal shall be by written agreement between Institute and the personorentity to whom the effluent is delivered. This written agreement shall provide that it is subject to the terms and conditions of this contract and shall provide for a service charge to be paid annually in advance for the use or disposal of said effluent; provided, however, that said charges shall never be less than $21.00 per acre per year. All such charges to be paid to Institute shall also be paid by Institute to Company, and no person or entity shall ever claim or collect additional charges. Immediately upon the execution of any such contract, Institute shall pay to Company all such charges contracted to be paid to Institute during the first year, and thereafter Institute shall be liable and responsible to pay Company all such charges as they accrue to be paid to Institute whether or not Institute ever collects said charges from said person.or entity. D. Arbitration. If arbitration is required to establish the fair market value of the services for the disposal of sewage effluent, then each party shall name and appoint a person (one), as an arbiter on its part, and thereupon the two arbiters who are appointed shall have authority to appoint a third arbiter; but if they shall fail 7 to do so within ten (10) days after being notified of their appointment, then either party to this contract may, upon two (2f days' written notice to the other party, apply to any judge of a district court residing in Lubbock County, Texas, and if such judge should refuse to make such appointment within ten (10) days, then to any other district judge residing in said county, for the appoint- ment of such third arbiter, which shall thereupon, by such judge, be duly made, and the three arbiters so chosen shall appraise and thus determine the fair market value, and the award duly made by such arbiters or any two of them, shall be binding and final for the purposes of this contract except that either party hereto reserves the right of appeal, as provided by law, and the court to which said appeal may be made shall hear said cause de novo. E. Force Majeure. Neither party shall be liable for any delay or default in performance hereunder due to any cause beyond its control, including but not limited to acts of God, or the public enemy, acts or requests of any County, State, or Federal officer, agent or agency purporting to act under duly constituted authority or any court order, wars, floods, riots, fires, storms, strikes, lockouts, interruptions of transportation, freight embargos or failures, exhaustion or unavailability on the open market or delays in delivery of material, equipment or services necessary to performance of -any provision hereof, or happening of unforeseen acts, misfortune or casualty whereby performance hereunder is delayed or prevented, which performance is prevented by such cause; provided, however, that the party so affected will use its best efforts to remedy the situation. F. Not Assignable. This contract may not be assigned, sublet, or assumed without the expressed written consent of Company. G. Notice. Any notice required to be given Institute in writing shall be sufficient if by certified mail to the following address: -LCC Institute of Water Research 5601 19th Street Lubbock, Texas 79407 8 Any notice required to be given Company in writing shall be suffi- cient if by certified mail to the following addresses: Standefer & Gray,.Inc. and J. E. Hancock cP/-o McWhorter, Cobb & Johnson c/o Norton Baker 1502 Avenue Q 2112 Indiana I;`bbock, Texas 79401 Lubbock, Texas H. Cc;R.itingent upon Construction of Pipeline. This contract is coasting-ent upon the pipeline's being constructed to the 4;000 acre tAct at Wilson, Texas. I. Release of Hancock. 'The personal liability of J. E. Hifficock :and wife, Eileen Hancock, and their estates under this contract shallil¢ass to'their successors in interest in all or any part of the ownership of said 4,000 acres, and they shall have no further personal liability if and when they have no further interest in :said 4,000 acres. J.'- Rhts on Termination. In the event the contract between City and Company (Exhibit A) is terminated and Institute continues to have aftcess to said sewage effluent, then Institute. agrees to con- tinue�to divide the available effluent with Company on a 50/50 basis foraa-s long as it has access to said effluent. '. 74TIS AGREEMENT, executed in multiple originals, is binding upon the15Y-spective successors, executors, and assigns of the parties hereto. Attest• .)(Potts, Secretary Attest- E Secretary Attest:/ VIAL f,. '�E ( Secretary STANDEFER & GRAY, INC. 1, By: J, Frank Gray, Presi nt LCC INSTITUTE F WATER RESEARCH By: LUBBOCK CHRISTIAN COLLEGE INVESTM !' CORP TION By: //lid/ fV E.-Ilancock Eileen Hancock 9 i THE STATE OF TEXAS § COUNTY OF LUBBOCK § BEFORE ME, the undersigned authority, in and for said County and State, on this day personally appeared J. FRA14K GRAY, known to me to be the person and officer whose name is subscribed to the foregoing instrument and acknowledged to me that the same was the act of the said STANDEFER & GRAY, INC., a Texas corporation, and that he executed the same as the act of such corporation for the purposes and consideration therein expressed, and in.thP capacity therein stated. GIVEN UN ER MY HAND AND SEAL OF OFFICE this day of 1960. Z A, otra y Public in and for ubbock County, Texas THE STATE OF TEXAS § COUNTY OF LUBBOCK § BEFORE ME, the undersigned authority, and fo d County and State, on this day personally appeare _ known to me to be the person and officer whose name is subsc ed to the foregoing instrument and acknowledged to me that the same was the act of the said LCC INSTITUTE OF WATER RESEARCH, a corporation, and that he executed the same as the act of such corporation for the purposes and consideration therein expressed, and in the capacity therein stated. GIVEN U DER MY HAND AND SEAL OF OFFICE this / 3 7 day of 1980. Notal7y Public in and fo Lubbock County, Texas THE STATE OF TEXAS § COUNTY OF LUBBOCK § BEFORE ME, the -Undersigned authority, i nd for d JZounty and State, on this day personally appeared , known to me to be the person and officer se na a subscribed to the foregoing instrument and acknowledged to me that the same was the act of the said LCC' INVESTMENT CORPORATION, a Texas corporation, and that he executed the same as the act of such corporation for the purposes and consideration therein expressed, and in the capacity therein stated. IVEN Ut ER MY HAND AND SEAL OF OFFICE this day of 1980. \ 1 Not ry Public in and for Lubbock County, Texas THE STATE OF TEXAS § COUNTY OF LUBBOCK § BEFORE ME, the undersigned authority, in and for said County and State, on this day personally appeared J. E. HANCOCK, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same for the purposes and consideration therein expressed. GIVEN U DER MY HAND AND SEAL OF OFFICE this ��day of 1980. Nota y Public in and f Lubbock County, Texas THE STATE OF TEXAS § COUNTY OF LUBBOCK § BEFORE ME, the undersianed authority, in and for said County and State, on this day personally appeared EILEE14 HANCOCK, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that she executed the same for the purposes and consideration therein expressed. GIVEN UN ER MY HAND AND SEAL. OF OFFICE this % 3 day of 1980. Notar Public in and for Lubbock County, Texas THE STATE OF TEXAS X COUNTY OF LUBBOCK X WHEREAS, on August 13, 1980, STANDEFER & GRAY, INC., hereinafter called ASSIGNOR, entered into an agreement with LUBBOCK CHRISTIAN COLLEGE INSTITUTE OF WATER RESEARCH, styled "Sewage Effluent Supply Contract," under the terms of which ASSIGNOR was entitled to receive payments under the provisions of Paragraph II, Subparagraph E, of the "Sewage Effluent Supply Contract" for a period ending December 31, 1998; and WHEREAS, VLADIC CORPORATION is acquiring all of the stock in STANDEFER & GRAY, INC., and is acquiring certain lands from LUBBOCK CHRISTIAN COLLEGE INVESTMENT CORPORATION, and as a part of the consideration for,such acquisition, the said VLADIC CORPORATION is transferring to LUBBOCK CHRISTIA14 COLLEGE INVESTMENT CORPORATION all sums due and to become due under Paragraph II, Subparagraph E, of the "Sewage Effluent Supply Contract"; NOW, THEREFORE, KNOW ALL MEN BY THrSE PRESENTS that for and in consideration of the premises, STANDEFER & GRAY, INC., has this day and does by these presents transfer and assign to LUBBOCK CHRISTIAN COLLEGE INVESTMENT CORPORATION all of its right, title, and interest in and to all payments due or to become due under the provisions of Paragraph II, Subparagraph E, of the said "Sewage Effluent Supply Contract" dated August 13, 1930, such right to receive such sums being applicable to the 4,000 acres of land therein described and for a period of time ending on December 31, 1998. FRANK GRAY executes this agreement for the sole purpose of evidencing his consent thereto. VLADIC CORPORATION and LUBBOCK CHRISTIAN COLLEGE INVESTMENT CORPORATION each executes this agreement for the purpose of acknowledging that the terms and conditions of the contract of sale between the parties dated January 29, 1982, shall survive the closing of the transaction. HIKE VLADIC executes __ e this instrument individually for the purpose of guaranteeing the obligations of VLADIC CORPORATION under the terms of the said contract of sale. EXECUTED this the 15th day of March, 1982. ATTEST: A1 Secretary ATTEST: Secretary ATTEST: j ✓ UZf' rj z Y.i,cicl�l�� Secretary STANDEFER & GRAY, INC. By: President LUBBOCK CHRISTIAN COLLEGE INVESTMENT CORPORATION By: resi ent VLADIC CORPORATION Byd President FRANK GRAY MII:E VLADIC -2- THE STATE OF TEXAS X COUNTY OF LUBBOCK X This instrument was acknowledged before me on the 1 day of March, 1982, by Vn i V ` Q) . ill ► rM e , President of STANDEFER & GRAY, INC., a Texas corporation, on behalf of said corporation. l0, �t Notary Public in and for the State of Texas My Commission expires: -�-3-�Y(� THE STATE OF TEXAS X COUNTY OF LUBBOCK X This instrument was acknowledged before me on the /� day of March, 1982, by J4v1Pur t- f)%. PPc.r l—r—i , President of LUBBOCK CHRISTIA`I COLLEGE INVESTMENT CORPORATION, a Texas corporation, on behalf of said core ation. Notary Public in and for the State of Texas My Commission expires: -7' THE STATE OF TEXAS X COUNTY OF LUBBOCK X This instrument was acknowledged before me on the day of March, 1982, by )J111C- (L) IL�Ar"),( . President of VLADIC CORPORATION, a corporate , on behalf of said corporation. Notary Public in and for the State of Texas My Commission expires: -3- THE STATE OF TEXAS X COUNTY OF LUBBOCK X This instrument was acknowledged before me on the day of March, 1982, by FRANK GRAY, Notary P blic in and for the State of Texas My Commission expires:. THE STATE OF TEXAS X COUNTY OF LUBBOCK X This instrument was acknowledged before me on the day of March, 1982, by MIKE VLADIC. Notary Public in and for the State of Texas My Commission expires: -4- CERTIFICATE OF CORPORATE RESOLUTION I, IMOGENE GRAY, Secretary of STANDEFER AND GRAY, INC., a Texas Corporation, do hereby certify that said Corporation is duly organized and existing under the laws of the State of Texas; that it is duly qualified to do business in the State of Texas and is in good standing in such State; that on the 9th day of June, 1986, there was held a joint meeting of the stockholders and Board of Directors of said Corporation, held in accordance with the Charter and By -Laws of the Corporation; that JACK P. DRISKILL, as Independent Executor of the Estate of Lily W. Gray, deceased, and J. FRANK GRAY, being all of the stockholders and that J. FRANK GRAY and IMOGENE GRAY being all of the Directors were present; that at said meeting the following resolution was duly adopted by unanimous vote of all stockholders and Directors and that the same is now in full force and.effect: RESOLVED, that J. FRANK GRAY, as President of STANDEFER AND GRAY, INC., be and is hereby authorized and di- rected for and on behalf of STANDEFER AND GRAY, INC., to execute that certain written Contract of Sale by and between the CITY OF LUBBOCK (as Buyer) and J. FRANK GRAY and wife, IMOGENE GRAY, and JACK. P. DRISK.ILL, as Independent Executor of the Estate of Lily W. Gray, deceased, and STANDEFER AND GRAY, INC., (as Sellers) covering approximately 2,929 acres of land and personal property as described in said Contract of Sale, at- tached herewith. Be it further RESOLVED that J. FRANK GRAY be and he is hereby authorized and directed for and on behalf of STANDEFER AND GRAY, INC., to execute any and all deeds, bills of sale, plan of reorganization, and other papers, documents and instruments as he may deem appro- priate to consummate and close said Contract of Sale, including any modifications or amendments thereto which he may deem appropriate. IN WITNESS WHEREOF, I have hereunto set my hand as Secretary of said Corporation, and have attached hereto the official seal of said Corporation on this 9th day of June, 1986. (SEAL) /ltc IMOG E GRAY, S retary I hereby certify that I am a Director of said Corporation and that the foregoing is a correct copy of the resolution passed as therein set forth, and that the same is now in full force. J. FRANK GRAY, Dire for THE STATE OF TEXAS § COUNTY OF LUBBOCK § �7This instrument was acknowledged before me on the �f' day 1 of U, by IMOGENE GRAY. 96-0�- , NO ARY PUBLIC in and for the ate of Texas .TvcJf�Do1LL Printed or Typed Name of Notary My Commission Expires: THE STATE OF TEXAS § COUNTY OF LUBBOCK § This instrument was acknowledged before me on the th day of Q� ^b %%6,�; by J. FRANK GRAY. 0a,uLle) NARY PUBLIC in and for the 9 ate of Texas J'a ` o/1' rnl LL Printed or Typed Name of Notary My Commission Expires: ? ,� 2