Ordinance No. 12,549ORDINANCE NO. 12,549
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS,
TERMINATING THE ECONOMIC DEVELOPMENT AGREEMENT WITH KIWI
GOLF LLC; ACCEPTING THE REVERSION OF THE PROPERTY CONVEYED BY
THE CITY TO BE USED AS KIWI'S HEADQUARTERS AND WAREHOUSE
FACILITY; APPROVING THE NOTE SECURED BY A PERSONAL GUARANTY
FOR THE REFUND OF THE FORTY THOUSAND AND NO 1100 DOLLARS
($40,000.00) ECONOMIC DEVELOPMENT GRANT PROVIDED BY THE CITY,
AND ACCEPTING THE PERSONAL GUARANTY OF GLEN B. BOWEN IN
RELATION TO SAID NOTE; AND PROVIDING FOR THE EFFECTIVE DATE
THEREOF.
**************************************************** * * * * * * * * * * * * * * * * * * * * * * * * * * * * * **
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS:
Section 1: That the City Council of the City of Baytown, Texas, hereby authorizes the City
Manager to terminate the Economic Development Agreement dated January 14, 2013, with KIWI Golf
LLC (the "Agreement ").
Section 2: That the City Council of the City of Baytown, Texas, hereby accepts the
reversion of the property conveyed to KIWI Golf LLC, pursuant to the Agreement, which reversion shall
be made via the special warranty deed, which is attached hereto as Exhibit "A" and incorporated herein
for all intents and purposes.
Section 3: That the City Council of the City of Baytown, Texas, hereby approves the Note
Secured by a Personal Guaranty, which is attached hereto as Exhibit "B" and incorporated herein for all
intents and purposes, for the refund of the FORTY THOUSAND AND NO /100 DOLLARS ($40,000.00)
Economic Development Grant provided by the City pursuant to the Agreement.
Section 4: That the City Council of the City of Baytown, Texas, hereby accepts the Personal
Guaranty of Glen B. Bowen securing the note referenced in Section 3 hereinabove, which guaranty is
attached hereto as Exhibit "C" and incorporated herein for all intents and purposes.
Section 5: This ordinance shall take effect immediately
City Council of the City of Baytown.
INTRODUCED, READ and PASSED by the affirmative vote
Baytown this the 22nd day of May, 2014.
ATT ST: U: ,N
(,fit
LETICIA BRYSCH, City Clerk �,'�••• -0�' -�-P
APPROVED AS TO FORM:
ACID RAMIREZ, SR., Ci bAtt6mey
after its passage by the
City Council of the City of
H. DONCARLOS,
R� \Karen \Files \City Counc&0rdinances\2014\Ivlay 22\ KIWITerminationSpecialWarrantyDeedNote &PersonalGuaranty.doc
Exhibit "A"
SPECIAL WARRANTY DEED
STATE OF TEXAS §
§ KNOW ALL MEN BY THESE PRESENTS:
COUNTY OF HARRIS §
THAT GRANTOR KIWI GOLF LLC, a Texas limited liability company, and owner of
the below- described real property, for and in consideration of the sum of TEN AND NO /100
DOLLARS ($10.00) and other good and valuable consideration paid by the Grantee named
below, the receipt and sufficiency of which are acknowledged by Grantor, has GRANTED,
SOLD and CONVEYED, and by these presents does GRANT, SELL, and CONVEY to Grantee
CITY OF BAYTOWN, a municipal corporation located in Harris and Chambers Counties, Texas
( "Grantee "), whose address is 2401 Market Street, Baytown, Harris County, Texas, the property
described in Exhibit "A," attached hereto and made a part hereof ( "Property ").
TO HAVE AND TO HOLD the Property, together with all and singular the rights and
appurtenances belonging in any way to the Property, subject to the provisions stated above, to
Grantee, its successors and assigns forever, and Grantor binds itself and its successors and
assigns to warrant and forever defend all and singular the Property to Grantee and its successors
and assigns against every person lawfully claiming or to claim all or any part of the Property,
subject to the provisions stated above, by, through, or under Grantor, but not otherwise.
Executed this _ day of , 2014.
GRANTOR:
KIWI GOLF LLC, a Texas limited liability
company
By:
(Signature)
(Printed Name)
(Title)
Special Warranty Deed, Page 1
STATE OF TEXAS
COUNTY OF HARRIS
BEFORE ME, , the undersigned notary public, on this day
personally appeared GLEN B. BOWEN, Managing Member of KIWI GOLF LLC, known to me
to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me
that he executed that instrument for the purposes and consideration therein expressed, in the
capacity stated, and as the act and deed of KIWI GOLF LLC.
Given under my hand and seal of office this , day of 12014.
Notary Public in and for the State of Texas
My commission expires:
GRANTOR'S ADDRESS:
KIWI GOLF LLC
2415 VILLA CREEK
KINGWOOD, TX 77339
RETURN TO GRANTEE:
CITY OF BAYTOWN
ATTENTION: CITY CLERK
P.O. BOX 424
BAYTOWN, TEXAS 77522 -0424
RAKaren \Files \Contracts+KFWl Golf 380 Agreement \SpecialWarrantyDeedKlWI doc
Special Warranty Deed, Page 2
Exhibit "A"
Tract 1:
Lots One (1), Two (2) and Three (3) in Block Sixteen (16) of the AMELIA Z. AIRIIART
TOWNSITE, being a subdivision of a portion of her 200 acres in the William Scott Upper
League, Abstract 66, in Harris County, Texas, according to the map or plat thereof recorded in
Volume 725, Page 401, of the Harris County Deed Records; and two tracts of land out of the
William Scott Upper League commonly called Lots Four (4) and Five (5) in Block Sixteen (16)
of the AMELIA Z. AIRHART ADDITION, and being more particularly described by metes and
bounds as follows:
BEGINNING at the southwest corner of Lot One (1), Block Sixteen (16) of AMELIA Z.
AIRHART TOWNSITE, said point also being the intersection of the East right -of -way line of
Saunders Street with the North right -of -way line of Market Street;
THENCE from the Point of Beginning North 33 deg. 0 min. East with the East right -of -way line
of Saunders Street and the West line of this tract passing at 106.2 feet the Northwest corner of
Lot One (1), Block Sixteen (16) of the AMELIA Z. AIRHART TOWNSITE and passing at
181.85 feet the Northwest corner of the commonly called Lot Four (4) of the AMELIA Z.
AIRHART ADDITION in all, a distance of 231.85 feet to the Northwest corner of the commonly
called Lot Five (5), said point along being the Northwest corner of this tract;
THENCE South 57 deg. 0 min. East with the North line of this tract, a distance of 99.64 feet to
the Northeast corner of the commonly called Lot Five (5) and the Northeast corner of this tract;
THENCE South 33 deg. 0 min. West of the East line of this tract passing at 50.0 feet the
Southeast corner of the commonly called Lot Five (5) of AMELIA Z. AIRHART ADDITION
and passing at 81.35 feet the Southeast corner of the commonly called Lot Four (4) of the
AMELIA Z. AIRHART ADDITION in all, a distance of 194.23 feet to the Southeast corner of
Lot Three (3), Block Sixteen (16) of the AMELIA Z. AIRHART TOWNSITE, said point also
being situated in the North right -of -way line of Market Street;
THENCE in a Southwesterly direction with the South line of this tract and the North right -of-
way line of Market Street being a curve to the right having a radius of 905.00 feet and a
curvilinear distance of 106.57 feet to the POINT OF BEGINNING, enclosing 0.490 acres, more
or less;
And being the same property conveyed to A.N. Manteris and wife, Eva F. Manteris, in Deed
recorded in Volume 1424, Page 554, in Volume 1424, Page 555, and in Volume 4026, Page 558
of the Harris County Deed Records, to which Deeds reference is here made for all purposes.
Tract 2:
Lots One (1), Two (2), Three (3), Four (4), Five (5) and Six (6) in Block Fifteen (15) of the
Amelia Z. Airhart Townsite, an addition to Baytown in the William Scott Upper League in
Harris County, Texas, according to the map or plat thereof recorded in Volume 725 at Page 401
of the Deed Records of Harris County Texas.
Exhibit "A." Page 1
SAVE and EXCEPT a 30' access easement along the west property line of Lot One (1) in Block
Fifteen (15) of the Amelia Z. Airhart Townsite, an addition to Baytown in the William Scott
Upper League in Harris County, Texas, according to the map or plat thereof recorded in Volume
725 at Page 401 of the Deed Records of Harris County Texas.
Tract 3:
All that certain tract of land situated North of the above described lots more fully described by
metes and bounds as follows:
Beginning at the Northeast corner of Lot (6) in Block Fifteen (15) of Amelia Z. Airhart
Townsite;
THENCE North 33 deg. East, a distance of 45.55 feet to an iron pipe for corner;
THENCE North 57 deg. West, a distance of 200 feet to an iron pipe in the East right -of -way line
of Beech Street;
THENCE South 33 deg. West, 76.13 feet to the Northwest corner of Lot One (1) in Block
Fifteen (15) of AMELIA Z. AIRIIART TOWNSITE;
THENCE along the curve formed by the Northerly lines of Lots 1 -6 inclusive, said curve having
a radius of 805 feet passing at 100.55 feet the Northwest corner of Lot Four (4) in Block Fifteen
(15), continuing thereof along said curve to a total distance of 202.87 feet to the Point of
Beginning.
SAVE and EXCEPT that 30' access easement along the west property line of Tract 3 as
described hereinabove.
Tract 4:
That portion of the Plum Street right -of -way dedicated by Dedication & Map filed of record on
April 6, 1929 in Harris County File Clerk No. 339601.
Exhibit "B"
NOTE SECURED BY PERSONAL GUARANTY
Date:
Maker:
Maker's Mailing Address:
Payee:
Place for Payment:
Principal Amount:
,
�D , 2014
KIWI GOLF LLC,
a Texas limited liability company
2415 Villa Creek
Kingwood, Texas 76502
CITY OF BAYTOWN
2401 Market Street
Baytown, TX 77520
$40,000.00
Annual Interest Rate on Unpaid Principal from Date until Maturity: Four percent (4.0 %)
per annum.
Annual Interest Rate on Matured, Unpaid Amounts: Highest lawful contract rate.
Terms of Payment: This note is due and payable in forty-four (44) consecutive monthly
installments of NINE HUNDRED SEVENTY -EIGHT AND 90/100 DOLLARS ($978.90) each,
including interest. The first installment is due and payable on June 1, 2014, and one installment
is due and payable on the same day of each succeeding month thereafter until fully paid, both
principal and interest, except that the final installment, if not sooner paid, shall be due and
payable on February 1, 2018. Interest will be calculated on the unpaid principal to the date of
each payment. Payments will be credited first to the accrued interest and then to reduction of
principal.
Interest on this note, both prior to and after maturity, shall be calculated on the basis of
the actual number of days elapsed, but computed as if each year consisted of 360 days.
Maker reserves the right to prepay this Note in any amount at any time without penalty.
Prepayments shall be applied against the installments of principal last maturing hereon, and
interest shall immediately cease upon any amounts of principal so prepaid.
Maker promises to pay to the order of Payee at the place for payment and according to
the terms of payment the principal amount plus interest at the rates stated above. All unpaid
amounts shall be due by the final scheduled payment date.
-1-
Payment of this note is secured by a Personal Guaranty of even date herewith, executed
by Glen Bowen in favor of the City of Baytown, Texas, covering those certain assets as set out in
said guaranty.
If Payee has not received the full amount of any monthly installment provided for herein
by the end of ten (10) calendar days after the date such installment is due, Maker will pay on
demand to Payee a late charge in the amount of five percent (5 %) of the overdue installment of
principal and interest. This late charge will be made in addition to the regularly scheduled
monthly installment. The late charge will be paid only once on any late payment.
On default in the payment of this note or in the performance of any obligation in the
Security Agreements, the unpaid principal balance and earned interest on this note shall become
immediately due at the election of Payee and the Payee may exercise any and all rights and
remedies provided by the Business and Commerce Code of Texas as well as all other rights and
remedies either at law or in equity possessed by the Payee. Maker and each surety, endorser, and
guarantor waive all demands for payment, presentations for payment, notices of intention to
accelerate maturity, notices of acceleration of maturity, protests, notices of protest, and all other
notices, except where such waiver may be expressly prohibited by law.
If this note or any instrument securing or collateral to it is given to an attorney for
collection or enforcement, or if suit is brought for collection or enforcement, or if it is collected
or enforced through probate, bankruptcy, or other judicial proceeding, then Maker shall pay
Payee all costs of collection and enforcement, including reasonable attorney's fees and court
costs, in addition to other amounts due.
Interest on the debt evidenced by this note shall not exceed the maximum amount of
nonusurious interest that may be contracted for, taken, reserved, charged, or received under law;
any interest in excess of that maximum amount shall be credited on the principal of the debt or, if
that has been paid, refunded. On any acceleration or required or permitted prepayment, any such
excess shall be canceled automatically as of the acceleration or prepayment or, if already paid,
credited on the principal of the debt or, if the principal of the debt has been paid, refunded.
Maker is responsible for all obligations represented by this note.
When the context requires, singular nouns and pronouns include the plural.
EXECUTED the JU day of , 2014.
KIWI GOLF LLC,
a Texas 1' bility company
By:
GL N B. BOWEN. Managing Member
-2-
STATE OF TEXAS
COUNTY OF HARRIS
Before me, 61 Cvt 9 , the undersigned notary public, on this day personally
appeared GLEN B. BOWEN in his capacity as Managing Member of KIWI Golf LLC, a Texas
limited liability company,
known to me
proved to me on the oath of or
proved to me through his current 1- -ey s -D.C. , (description of
identification card or other document issued by the federal government or any state
government that contains the photograph and signature of the acknowledging person)
(check one)
to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he
executed that instrument for the purposes and consideration therein expressed.
Given under my hand and seal of office this.30day of t , 2014.
RUNCES L SMtIN otary Public i an for the State of Texas
PTEM
* *
STATE TF71A8 My commission expires: ZD S
of MY Calm 4 Api 19, 2015
R:UCarcn\Fi1es%Convwt9\K1W1 Go1f380 AgteementWOTE SECURED BY PERSONAL GUARANTY.doc
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Exhibit "C"
PERSONAL GUARANTYEE
Glen B. Bowen to the City of Baytown
STATE OF TEXAS §
COUNTY OF HARRIS §
1. In consideration of the City of Baytown ( "Creditor") for its conversion of the Kiwi Golf
LLC (the "Borrower ") grant in the amount of $40,000.00 into a conventional low- interest rate
loan in the same amount, Glen B. Bowen ( "Guarantor ") hereby guarantees to Creditor the prompt
and full payment of the Guaranteed Indebtedness when due and payable according to the terms of
the loan, which is covered in Note Secured by Personal Guaranty by and between Borrower and
Creditor of even date herewith a separate loan document, whether by lapse of time, by
acceleration of maturity or otherwise. The term "Guaranteed Indebtedness," as used herein,
includes: (i) the $40,000.00 grant, which has been converted to a loan in accordance with the
terms of the Note Secured By Personal Guarantee _' (ii) interest on any
indebtedness described in (i) above; (iii) any and all costs, attorneys' fees and expenses suffered
by the City of Baytown by reason of the Borrower's default in payment of any of the foregoing
indebtedness, and (iv) any renewal, extension or rearrangement of the indebtedness, costs or
expenses described in (i) through (iii) above, or any part thereof.
2. Guarantor collateralizes this personal guarantyee with all of his personal assets, except for those
listed below in excluded assets, including a BMW motorcycle, an extensive collection of luxury
Swiss and German wristwatches, and a collection of luxury Italian and German writing
instruments. The estimated value of these collectibles and the BMW motorcycle collectively
exceeds $200,000.00. These items may be held at any location chosen by the City of Baytown.
Creditor, or Guarantor promises to keep them in good order, to insure them for at least
$200,000.00 and to not sell, trade or otherwise dispose of any of these items until the Guaranteed
Indebtedness has been paid in full to Creditor. These items are fully documented with photos,
descriptions and values based on known sources for such things.
Guarantor excludes from his personal guarantyee his primary homestead, all of his home
furnishings, his family cars, his personal cash in bank checking accounts, and IRA retirement
accounts. These exclusions apply equally to his wife, Susan Bowen, who has no active role in the
company, Kiwi Golf LLC.
3. If Guarantor becomes liable for any indebtedness owing by Borrower to Creditor, by endorsement
or otherwise, other than under this Guaranty, such liability shall not be in any manner impaired or
affected hereby, and the rights of Creditor hereunder shall be cumulative of any and all other
rights that Creditor may ever have against Guarantor. The exercise by Creditor of any right or
remedy hereunder or under any other instrument, or at law or in equity, shall not preclude the
concurrent or subsequent exercise of any other right or remedy. If, for any reason whatsoever,
Borrower is now, or hereafter becomes, indebted to Guarantor, such indebtedness and all interest
thereon shall, at all times, be subordinate in all respects to the Guaranteed Indebtedness, and
Guarantor shall not be entitled to enforce or receive payment thereof until the Guaranteed
Indebtedness has been fully paid. Notwithstanding anything to the contrary contained in this
Guaranty, Guarantor shall not have any right of subrogation in or under the documents securing
payment of the Guaranteed Indebtedness or to participate in any way therein, all such rights of
Personal Guaranty. Page 1
subrogation and participation being hereby expressly waived and released, until the Guaranteed
Indebtedness has been fully paid.
4. In the event of default by Borrower in payment of the Guaranteed Indebtedness, or any part
thereof, when such indebtedness becomes due, either by its terns or as the result of the exercise
of any power to accelerate, Guarantor shall, on demand and without further notice of nonpayment
or of dishonor, and without any notice having been given to Guarantor previous to such demand
of the creating or incurring of such indebtedness, pay the total amount of the Guaranteed
Indebtedness to Creditor, and it shall not be necessary for Creditor, in order to enforce such
payment by Guarantor, first to institute suit or exhaust its remedies against Borrower or others
liable on such indebtedness, or to enforce its rights against any security given to secure such
indebtedness.
5. Guarantor hereby agrees that Guarantors obligations under the terms of this Guaranty shall not be
released, diminished, impaired, reduced or affected by the occurrence of any one or more of the
following events: (a) the taking or accepting of any other security or guaranty for any or all of the
Guaranteed Indebtedness; (b) any release, surrender, exchange, subordination, or loss of any
security at any time existing in connection with any or all of the Guaranteed Indebtedness; (c) the
insolvency, bankruptcy, dissolution, termination, receivership, reorganization or lack of power of
Borrower at any time liable for the payment of any or all of the Guaranteed Indebtedness,
whether now existing or hereafter occurring; (d) renewal, extension, modification or
rearrangement of the payment of any or all of the Guaranteed Indebtedness, either with or without
notice to or consent of Guarantor, or any adjustment, indulgence, forbearance, or compromise
that may be granted or given by Creditor to Borrower or Guarantor; (e) any neglect, delay,
omission, failure, or refusal of Creditor to take or prosecute any action for the collection of any of
the Guaranteed Indebtedness or to foreclose or take or prosecute any action to foreclose upon any
security therefor or to take or prosecute any action in connection with any instrument or
agreement evidencing or securing all or any part of the Guaranteed Indebtedness; (f) any failure
of Creditor to notify Guarantor of any renewal, extension, rearrangement, modification or
assignment of the Guaranteed Indebtedness or any part thereof, or of any instrument evidencing
or securing the Guaranteed Indebtedness or any part thereof, or of the release of or change in any
security or of any other action taken or refrained from being taken by Creditor against Borrower
or of any new agreement between Creditor and Borrower, it being understood that Creditor shall
not be required to give Guarantor any notice of any kind under any circumstances with respect to
or in connection with the Guaranteed Indebtedness; (g) the unenforceability of all or any part of
the Guaranteed Indebtedness against Borrower, whether because the Guaranteed Indebtedness
exceeds the amount permitted by law, the act of creating the Guaranteed Indebtedness, or any part
thereof is ultra vires, the officers or persons creating same acted in excess of their authority, or
otherwise, it being agreed that Guarantor shall remain liable hereon regardless of whether
Borrower or any other person be found not liable on the Guaranteed Indebtedness, or any part
thereof, for any reason; or (h) any payment by Borrower to Creditor is held to constitute a
preference under the bankruptcy laws or if for any other reason Creditor is required to refund
such payment or pay the amount thereof to someone else. It is the intent of Guarantor and
Creditor that the obligations and liabilities of Guarantor hereunder are absolute and unconditional
under any and all circumstances, and that until the Guaranteed Indebtedness is fully and finally
paid, such obligations and liabilities shall not be discharged or released, in whole or in part, by
any act or occurrence which might, but for the provisions of this Guaranty, be deemed a legal or
equitable discharge or release of Guarantor.
6. This Guaranty is for the benefit of Creditor and Creditor's successors and assigns, and in the event
of any assignment of the Guaranteed Indebtedness, or any part thereof, the rights and benefits
Personal Guaranty. Page 2
hereunder, to the extent applicable to the indebtedness so assigned, may be transferred with such
indebtedness. This Guaranty is binding not only on Guarantor, but on Guarantor's heirs, personal
representatives, successors and assigns. This Guaranty shall be governed by and construed in
accordance with the laws of the State of Texas, and is intended to be performed in accordance
with, and only to the extent permitted by, such laws. All obligations of Guarantor hereunder are
performable in Hams County, Texas, at the place where the Guaranteed Indebtedness is payable.
If any provision of this Guaranty or the application thereof to any person or circumstance shall,
for any reason and to any extent, be invalid or unenforceable, neither the remainder of this
Guaranty nor the application of such provision to any other person or circumstances shall be
affected thereby, but rather the same shall be enforced to the greatest extent permitted by law.
Guarantor hereby agrees with Creditor that all rights, remedies and recourse afforded to Creditor
by reason of this Guaranty or otherwise are separate and cumulative, and may be pursued
separately, successively or concurrently, as occasion therefore shall arise, and are nonexclusive,
and shall in no way limit or prejudice any other legal or equitable right, remedy or recourse which
Creditor may have. Guarantor shall pay the attorneys' fees and all other costs and expenses which
may be incurred by Creditor in the enforcement of this Guaranty.
7. It is not the intention of Creditor or Guarantor to obligate Guarantor to pay interest in excess of
that legally permitted to be paid by Guarantor under applicable law. Should it be determined that
any portion of the Guaranteed Indebtedness constitutes interest in excess of the maximum amount
of interest which Guarantor (in such capacity) may lawfully be required to pay under applicable
law, the obligation of Guarantor to pay such interest shall automatically be limited to the payment
thereof at the maximum rate so permitted under applicable law.
8. Guarantor represents that it is either the owner of a direct or indirect interest in Borrower or a
corporate subsidiary of Borrower, and that this Guaranty may reasonably be expected to benefit,
directly or indirectly, Guarantor, or in the alternative, Guarantor represents that it is the owner of
a direct or indirect interest in Borrower and/or that Guarantor will receive a direct and material
benefit from the proceeds of the Guaranteed Indebtedness. Guarantor further represents that the
consideration received for this Guaranty is reasonably worth at least as much as the liability and
obligation of Guarantor under the Guaranty.
9. In the event Borrower files a voluntary petition seeking relief under the United States Bankruptcy
Code, or if an involuntary petition is filed against the Borrower under the United States
Bankruptcy Code, the Guaranteed Indebtedness shall be automatically accelerated as against the
Guarantor. Guarantor further covenants to pay interest which would have accrued on the
Guaranteed Indebtedness but for the commencement of the Borrower's bankruptcy case.
Because Kiwi Golf is a limited liability corporation, Glen Bowen, the Guarantor in this guarantee
to the City of Baytown, limits the liability of this personal guarantee to the proportion of his interest in
Kiwi Golf, which amounts to 57% interest, or $22,800.00, and this amount will apply to the first
$22,800.00 in payments to the City of Baytown. Thereafter, Glen Bowen will be released from this
personal guarantee.
In addition, the undersigned agrees to pay all expenses, including attorney's fees and legal
expenses, paid or incurred by the City of Baytown to collect the Indebtedness, or any part thereof, and to
enforce this guaranty for his prorated guarantee of 57% of the loan. Guarantor further agrees that the laws
of the State of Texas shall govern this contract between the City of Baytown and Guarantor and also
govern any transactions made between the City of Baytown and Guarantor.
Personal Guaranty, Page 3
10. The personal guarantyee by Glen BowenGuarantor in no way limits the legal rights the City of
BaytownCreditor maintains to pursue by any means necessary the rightful collection of the
IoanGuaranteed Indebtedness made to and in the name of Kiwi Golf LLC, in the case of any
default in payments throughout the entire period of the debt.
11. THE UNDERSIGNED WAIVES ALL RIGHTS OF GUARANTORS UNDER CHAPTER 34
OF THE TEXAS BUSINESS & CO M RCE CODE.
DATED this _�"��day of .2014.
GUARANTOR:
GLEN B. BOWEN
GUARANTOR, Individually
(Individual's signature only)
STATE OF TEXAS §
COUNTY OF HARRIS §STATE OF TEXAS
COUNTY OF HARRIS
Before me, QCrl iF7UrJCn the undersigned notary public, on this day personally
appeared GLEN B. BOWEN
known to me
proved to me on the oath of or
JG proved to me through his current =r&— !7.(,, {description of
identification card or other document issued by the federal government or any state
government that contains the photograph and signature of the acknowledging person)
(check one)
to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he
executed that instrument for the purposes and consideration therein expressedThis instrument was
acknowledged before me this _day of rte; I , 7.c>>
by Clam• 19 g-)ff,
(printed name of guarantor(s))
E:M:V7 L e Pa36e f TRU . Apra 18, 2015
Personal Guaranty. Page 4
Notary Public in and for the
SState of Texas
My Commission Expires: A I 7Ai j
R:\Karcn\Filcs \Contracts\KIWI Golf 380 Agreement \PERSONAL GUARANTEE Glen Bowen to City of Baytown.docx
Personal Guaranty. Page 5