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Home My WebLink AboutContract 34115(: i�� :%�',r ir I�il l Y�% I'I I� �::;C�f J i��f�(�.�� E�� . e_ ` � � - .z—r. RENEWAL AGREEMENT CITY SECRETARY CONTRACT NO. 12261 FORT WORTH MEACHAM INTERNATIONAL AIRPORT UNIMPROVED GROUND LEASE This RENEWAL AGREEMENT ("Agreement") is made and entered into by and between the CITY OF FORT WORTH ("Lessor"), a home rule municipal corporation organized under the laws of the State of Texas and situated in portions of Tarrant and Denton Counties, Texas, acting by and through Marc Ott, its duly authorized Assistant City Manager, and CLARENCE J. SURY ("Lessee"), an Individual. Recitals The following statements are true and correct and form the basis of this Agreement; A. Lessor and Lessee previously entered into City Secretary Contract ("CSC") No. 12261, an Unimproved Ground Lease for lease site 13-5 at Fort Worth Meacham International Airport ("Airport"), an agreement giving Tenant the right to store aircraft on such property at the Airport. CSC No. 12261 was subsequently amended by CSC No. 12325 and CSC No. 26742, which amended the description of the premises, adjusted the rental rates, and extended the term of the agreement, respectively. CSC Nos. 12261, 12325, and 26742 shall hereafter collectively be referred to as (the "Lease"). The Lease commenced on January 1, 1982 and expires on December 31, 2006, subject to renewal at Lessee's option for two (2) consecutive terms of five (5) years each. B. The Lease has not been previously renewed. In accordance with the provisions of the Lease, Lessee has properly exercised its first (15`) option to renew the Lease for a five (5) year period. Agreement 1. The Lease is hereby renewed and extended for a term of five (5) years, commencing on January 1, 2007 and expiring on December 31, 2012. 2. All other terms and conditions of the Lease shall remain in full force and effect. ��]'�l �� 1�� 1�� t��;',��;�� , a � �° i IN WITNESS WHEREOF, L ssor an ess e h ve executed four (4) duplicate original copies of this Agreement on this _��ay of � � , 2006. CITY OF� ORT--WORTH:�, /�� i� By: / ! �_ Marc Ott Assistant City Manager ATTEST: CLARENCE J. SURY: , B�7; � L��Gr<<- l� � ' Clarence J. Sury ` Owner ATTEST: . By: �' �' `� By: City Secretary APPROVED AS TO FORM AND LEGALITY: � �, � � �/ � � �r Assistant ity Attorney M & C: C-21696 9-19-2006 ,- , �,��: = �.[ '�:;��;:�J:-.l ;:��:.>;��;1;,, 2 �� u�� !'��`��L� �, ��, ��?, STATE OF TEXAS COUNTY OF TARRANT § BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, on this day personally appeared Clarence J. Sury, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that the same was the act of Clarence J. Sury and that he executed the same as the act of Clarence J. Sury for the purposes and consideration therein expressed and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE this � day of �� a��o , 2006. t�.a..�c�r.'1C=fi=x:.'�::zyc"s��ti•xz ,.�c�_.�`a�d ,LPP.Y�P�4'�.� :,��1i?�� S<l�.��$� z° �'° ��t�} ; .�1F�1` ±-'f�t3LIG N��,�� ='Tr�, � t c�F �"�o A2 08 Notary Public in and for the State of Texas �F u€ z� !,�!y :__:ornm. f-xp. STATE OF TEXAS COUNTY OF TARRANT �� 0 BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, on this day personally appeared Marc Ott, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that the same was the act of the City of Fort Worth and that he executed the same as the act of the City of Fort Worth for the purposes and consideration therein expressed and in the capacity therein stated. ..z,�� ,i GIVEN UNDER MY HAND AND SEAL OF OFFICE this {j� day of � > I11• �a.4-,L_.:A� -�-�:$-�_�_��., �� YF;h � �� ii-.�'�r�� .�� [> 0( (/� /� MY �d'C�fl4�i;iz:r�UN C}:PIRE.�.. � "�'a`�p� ✓ P' ,July ;�c;, �'(i�i7 ��, _ �._. --r�. --''` '7�fC3'�6'�"i"i,-c ,: , 3.. r y'�..: . � _. _._....— //e _ � �-�� Notary Public in and for the State of Texas J,; � `N 1 �� v�i,�� '�S��i'lJal �[`, 3 �I� �� , �:��1��, ��, � City of Fort Worth, Texas Mayor and Council Communication h.._. "e._='�.. "_'� -". ""�.'_�:.�z,_�.._._._. ._. -_.� "' -....:.� _��.� _ .�. ...,.-.-.:_ . . .:�_..'ua �._'_"-_-:— ...,-..:_ .. ��._ _ ...._.._,-.<... _.�... ,_—__. .._ . � ._.._... . _.,.. .. _- . . .-,.._ ..-_, COUNCIL ACTION: Approved on 9/19/2006 DATE: Tuesday, September 19, 2006 LOG NAME: 55AEROPLANE 13S REFERENCE NO.: **C-21696 SUBJECT: Authorize Execution of a Five Year Lease Extension of City Secretary Contract No. 12261 with Clarence J. Sury for Lease Site 13-S at Fort Worth Meacham International Airport i_'..—.__ ...,. ....;. :� c :L.-�—_"�... .. ...- � . . -- . __... _....r ......._ _'...' . —._ _.-. . ._ _ .-.. .- '..F .[ __... ....� -....... , �.:_ . _ .... RECOMMENDATION: It is recommended that the City Council authorize the City Manager to execute a five year lease extension with Clarence J. Sury for lease site 13-S at Fort Worth Meacham International Airport. DISCUSSION: City Secretary Contract (CSC) No. 12261 was executed on January 1, 1982, (M&C C-6088) with a lease term of 25 years. Staff received a request from Mr. Clarence J. Sury to execute the first of two five year extensions in accordance with the lease agreement. In accordance with the established Schedule of Rates and Charges, this lease site of 8,454.55 square feet will generate revenue of $1,860.00 per year, or $155.00 monthly. Mr. Sury is entitled to a monthly rent credit of $68.79 until October 2012 for repairs completed on the hangar. This will adjust the annual revenue generated to $1,034.52, or $86.21 monthly. The revenue to be received for the remainder of this fiscal year will be $86.21. The lease will provide for a five year term with one five year option to renew. The initial term of the lease will commence upon the date of execution. Rental rates shall be subject to an increase on October 1 st of any given year to reflect the upward percentage change, if any, in the Consumer Price Index for the period since the last adjustment. All agreement terms will be in accordance with City and Aviation Department policies. The property is located in COUNCIL DISTRICT 2. FISCAL INFORMATION/CERTIFICATION: The Finance Director certifies that the Revenue Section of the Finance Department will be responsible for the collection and deposit of funds due to the City under this Agreement. TO Fund/Account/Centers FROM Fund/Account/Centers PE40 491352 0551101 86.21 Submitted for City Manager's Office bv: Originating Department Head: Additional Information Contact: Logname: SSAEROPLANE 13S Marc Ott (8476) Mike Feeley (871-5403) Mike Feeley (871-5403) �� L�i�� q �,;;,, � '�� 9� :�:�°�,�'11�� 3 ��:�� s� Page 1 of 1 City of Forf Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 9/19/2006 DATE: Tuesday, September 19, 2006 LOG NAME: 55AEROPLANE 13S REFERENCE NO.: **C-21696 SUBJECT: Authorize Execution of a Five Year Lease Extension of City Secretary Contract No. 12261 with Clarence J. Sury for Lease Site 13-S at Fort Worth Meacham International Airport RECOMMENDATION: It is recommended that the City Council authorize the City Manager to execute a five year lease extension with Clarence J. Sury for lease site 13-S at Fort Worth Meacham International Airport. DISCUSSION: City Secretary Contract (CSC) No. 12261 was executed on January 1, 1982, (M&C C-6088) with a lease term of 25 years. Staff received a request from Mr. Clarence J. Sury to execute the first of two five year extensions in accordance with the lease agreement. In accordance with the established Schedule of Rates and Charges, this lease site of 8,454.55 square feet will generate revenue of $1,860.00 per year, or $155.00 monthly. Mr. Sury is entitled to a monthly rent credit of $68.79 until October 2012 for repairs completed on the hangar. This will adjust the annual revenue generated to $1,034.52, or $86.21 monthly. The revenue to be received for the remainder of this fiscal year will be $86.21. The lease will provide for a five year term with one five year option to renew. The initial term of the lease will commence upon the date of execution. Rental rates shall be subject to an increase on October 1 st of any given year to reflect the upward percentage change, if any, in the Consumer Price Index for the period since the last adjustment. All agreement terms will be in accordance with City and Aviation Department policies. The property is located in COUNCIL DISTRICT 2. FISCAL INFORMATION/CERTIFICATION: The Finance Director certifies that the Revenue Section of the Finance Department will be responsible for the collection and deposit of funds due to the City under this Agreement. TO Fund/Account/Centers FROM Fund/Account/Centers PE40 491352 0551101 86.21 Submitted for City Manaqer's Office bv: Originating Department Head: Logname: SSSPINKS RAMP Marc Ott (8476) Mike Feeley (871-5403) Page 1 of 2 Additional Information Contact: Mike Feeley (871-5403) Logname: SSSPINKS RAMP Page 2 of 2