HomeMy WebLinkAboutContract 49714-A1 09-10-18; 12;42PM;TEST ;999 # 5/ 5
CITY SECRETARY
CONTRACT NO. 071441
EFFECTIVE DATE.AND PAYIr1E11'T SCHEDULE MEMORAA'DUM
THIS MliliORANDum is pw&as of June 15.2016,by and bu%vton Iho t",IIY OF FORT WORTH,a
home-rule Texas municipal corpotation("C(ty")and art FORT WORTH SOCCER GROUP,LLC,
D/WA FORT WORTH VAQUEROS FC(the-_Vjnurms'),a Texas non-profit corporation acting by and
through its duly uatWzcd Gccutive Dirvctor,
W1110FF.AS,City and Vaqueros an;partl a'to that certain Ageemedi dated October 2,2017(dw
"Aa+roarnaaC)(City'*rvWy Contract Numbcr49714)(br ope vrion and manabemenr of o Soccer Facility
ALL Syeamom Pork.
M%MREAS,the Agrcan=r roquites the City and Vaqueros to execute this Memorandum to
mvinorialim lite F.ffce&O Date ofthe Agro X1It per Section 2 oflhe ARmmen t and iltc Vequcrot'annual
paymttat amount and schedule par section 3 of tlic Agteament;
NVHEREAS,Cly las issued written confirmation to Vaqueros that construction of the Soccer
Facility is completed and ready for occupancy;
VAIERTAS,City and Vaqueros dcaire to cater into this Meinonmddm 000firming the F fecllvc
Date of this Agnx+naot and the Vsquaos'annual payment amount and schedule,
NOW,THEREFORE,City and Vaqueros Ygtec as follows:
1. The actual Fdfwlve Date of the Agreement is Jape 40'.2018.The fire paymtentof SI0,000 is due
160 days from the Effective Date oflune 4,2018 which is December 1,2018.
2, ]beginning in rite second contract year.Vaqueros shall remit an annual payment to the Cly of
Twenty Two Thousand Figbr Hundred and Thirty-Two Dollism (527XI-00),wide such
puyraettts due and payable on or bcfbm rite tenet(W)day of the bcglmning of each contraayear,
that payment due dare hying June 14 of enlr of the Mmaining.yeanr ofthe Agreomcn4
3, Capitalizod terns not defined hentin.shall have the some meanuta as set forth In lite AproemenL
MY OF FORT WOWrH FORT WORTi1 SOCCF.ROR000.LLC.
D/B/A FORT WOM71 VA OS FC
*Ial -Cr n o Name:
Tiller_Asst C1Eg Hsna.�e� T�����►
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Date: 12 ♦ 18 Dote;
APPROVED AS TO TO)M Ahs LECAUTV. R"r
i Attested by.
Matthcw Murray f'
Aaatsrant City Atmm,ey (�
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Mary J. KCity Secre
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OFFICIAL. RECORD
�d CO CITY SECRETARY
Wd zt 44 c� FT. WORTHo TX