HomeMy WebLinkAboutContract 42358-R2 �f
CITY SECI9TARY 2&
CONTRACT NO.
0,1�'oF
C/�'S �IRf LEASE EXTENSION
BETWE BETWEEN CITY OSECONF FORT WORTH AND AMENDMENT TO
LEASE
TOWN CENTER MALL, L.P.
WHEREAS,the City of Fort Worth, a Texas home rule municipal corporation ("Lessee")
entered into a lease agreement ("Lease") (City Secretary Contract No. 42358) effective as of
October 1, 2011 with Town Center Mall, L.P. ("Lessor") for 1,244 square feet of leased premises
located at 4200 S. Freeway, suite 2655, Fort Worth, Texas, more particularly described in the
Leased ("Leased Premises); and
WHEREAS, the lease extension and first amendment to the lease (City Secretary
Contract No. 42358-R1) expires on September 30, 2016; and
WHEREAS, Lessee desires to extend the lease for an additional three year term to begin
on October 1, 2016, and end on September 30, 2019, with three one year term renewals to begin
on October 1, 2019, and expiring on September 30, 2022; and
WHEREAS, Lessor has agreed to extend the Lease for one three term with three one year
renewals;
NOW THEREFORE, in consideration of the rentals set forth in the Lease, the parties
agree as follows:
I.
Section 3 Term subsection (a) of the Lease is hereby amended and replaced in its
entirety as follows:
"(a) This Lease shall be for a period of three years commencing on October 1,
2016, and terminating on September 30, 2019 (Term), unless a prior
termination is effected by either Lessor or Lessee under the termination
provisions of this Lease. This Lease can be renewed for three additional on
year terms as follows:
First Renewal Term: October 1, 2019 thru September 30, 2020
Second Renewal Term: October 1, 2020 thru September 30, 2021
Third Renewal Term: October 1,2021 thru September 30,2022."
Il.
Section 4 Rent of the Lease is hereby amended and replaced in its entirety as follows:
"Lessee shall pay Lessor rent in the amounts as follows:
Year One: $1,574.41 per month, $18,892.92 annually
Year Two: $1,658.67 per month, $19,904.04 annually
Year Three: $1,710.50 per month, $20,526.00 annually
Each One Year Renewal: To be determined based upon fair market value
and mutual agreement between Lessor and Lessee.
OFFICIAL RECORD Lease Extension and Second Amendment to City Secretary Contract No.42358
CITY SECRETARY 1
FT.WORTH,TX
All rental payments shall be payable to Lessor at the location of notice set forth in
Section 16 of this Lease. The rental payment shall be made to the Lessor on the
first day of the Term and each month..thereafter., Rent for any partial calendar
month shall be prorated on a per diem basis. This rental rate shall remain in effect
in the event of any extension or holdover of this Lease beyond the Term, unless
the parties agree otherwise in writing."
III.
All other terms and conditions of the Lease remain unchanged and in full force and
effect.
Effective as of September 30, 2016.
LESSOR: LESSEE: City of Fort Worth
Town Center Mall, L.P.
by: Boxer Property Management Corp.
Management Company for Landlord
By:
Jesus J. Chapa
Name: A A f&,JSt
Assistant City Manager
Title: INaMoy:L)
Approved as to Form and Legality:
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Q �s1 nt City Attorney
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OFFICIAL RECORD
CITY SECRETARY Mary KaIrl, it Secr y
M&C I —
Lease Extension and Second Amendment to City Secretary Contract No.42358
2
M&C Review Page 1 of 2
CITY COUNCIL' AGENDA FoRTWORTtI
COUNCIL ACTION: Approved on 9/20/2016
DATE: 9/20/2016 REFERENCE **L-15949 LOG NAME: 21 LAGRANPLAZA#2655R
NO..
CODE: L TYPE: CONSENT PUBLIC NO
HEARING:
SUBJECT: Authorize Execution of a Lease Amendment and Renewal with Town Center Mall, L.P.,
for Office Space at LaGran Plaza, 4200 South Freeway No. 2655 for the Planning and
Development Department (COUNCIL DISTRICT 9)
RECOMMENDATION:
It is recommended that the City Council:
1. Authorize the execution of a lease amendment and renewal with Town Center Mall, L.P., for office
space at LaGran Plaza, 4200 South Freeway No. 2655; and
2. Authorize the amendment to be effective on October 1, 2016, and ending on September 30, 2019,
with the right to renew annually for three additional one-year terms to expire September 30, 2022.
DISCUSSION:
In 2006, the City of Fort Worth (Tenant) entered into a Lease Agreement with Town Center Mall, L.P.
(Landlord) for 1,244 square feet of office space in LaGran Plaza located at 4200 South Freeway,
Suite No. 2655 for the Planning and Development Department (City Secretary Contract No.
42358). The inspectors for Planning and Development, South Division are housed at LaGran Plaza.
The lease was amended and renewed in 2013 (City Secretary Contract No. 42358 R-1) and is due to
expire on September 30, 2016.
The landlord and tenant desire to continue to lease the space.
This second lease amendment term will be for three years beginning on October 1, 2016, and ending
on September 30, 2019, with the right to renew annually for three additional one-year terms to expire
September 30, 2022. Rental rate for the three-year term and renewals is as follows:
• Year One: $1,574.41 per month, $18,892.92 annually;
• Year Two: $1,658.67 per month, $19,904.04 annually;
• Year Three: $1,710.50 per month, $20,526.00 annually; and
• Three one-year renewals: To be agreed upon between the parties based upon fair market
value.
Landlord pays all utilities except phone and internet service.
This office space is located in COUNCIL DISTRICT 9.
FISCAL INFORMATION/CERTIFICATION:
The Director of Finance certifies that upon the adoption of the Fiscal Year 2017 budget by the City
Council, funds will be available in the Fiscal Year 2017 operating budget, as appropriated, of the
General Fund.
TO
Fund I Department I Account I Project I Program Activity Budget Reference# Amount
http://apps.cfwnet.org/council_packet/mc review.asp?ID=22742&councildate=9/20/2016 10/5/2016
M&C Review Page 2 of 2
1 1 ID ID ( Year (Chartfield 2)
FROM
Fund Department Account Project Program Activity Budget Reference# Amount
ID ID Year Chartfield 2
10100 0063000 5330201 2017 $18,892.92
10100 0063000 5330201 2018 $19,904.04
10100 0063000 1 5330201 1 $20,526.00
Submitted for City Manager's Office by: Jay Chapa (5804)
Originating Department Head: Steve Cooke (5134)
Additional Information Contact: Mark Brown (5197)
Jean Petr (8367)
ATTACHMENTS
LA GRAN PLAZA 2655 MAP.pdf
New1295 Form Suite 2655.pdf
http://apps.cfwnet.org/council_packet/mc review.asp?ID=22742&councildate=9/20/2016 10/5/2016
DocuSign Envelope ID:74765E97.7DE9.4EB4-BD69.A7AOFE3Eu466
CERTIFICATE OF INTERESTED PARTIES
FORM 12.95
loll
Complete Nos.1 -4 and 6 it there are interested parties. OFFICE USE ONLY
Complete Nos.1,2,3,5,and 6 it there are no interested parties. CERTIFICATION OF FILING
1 Name of business entity filing form,and the city,state and country of the business entity's place Certificate Number:
of business. 2016-106987
Town Center Mill,LP
Fort Worth,TX United States Dale Filed:
2 Name of governmental entity or slate agency that is a party to the contract for which the fortn is 08/31/2016
being filed.
City of Fort Worth Date Acled ed:
knoNIP )6-
3 Provide the identification number used by the governmental entity or state agency to track or identify the contract,and provide.a
description of the services,goods,or other property to be provided under the contract.
42358
Property Manu(lornent/Lensed space
Nature.of interest
4 Name of Interested Party City,State;Country(place of business) (check applicable)
Controlling I Intermediary
5 Check only if there is NO Interested Party,
X
6 AFFIDAVIT I swear,or affirm,under penalty of perjury,that the.above,disclosure is true and correct.
DocuSloned by:
LOXOA
BEREWEC FRIAS (,at+,rba
my cbm(WI lon E>t�osFebrual 21,2018 Signature of authorized agent of contracting business entity
A P L B
Sword to and subscribed before me,by the said this the 5� day of
20_!-(0 _ to certify which,witness my hand and seat of office.
(fit r tri i sic. 6-ni LA 1 e z No-f�,►�1
Signature of ollicer administering oath Printed name of ullicer adininisi0ing oaih Title of officer adm7fiistering oath
Forms provided by Texas Ethics Commission vvww.ethics.siate.tx.us Version V1.0.277