HomeMy WebLinkAboutContract 46101-A1 r
C?Y 8ECR9ARY
JUN 2 8 2419 FIRST AMENDMENT
crrv�FF��� BETWEEN THE CITY OF FORT WORTH AND
r''rYSECq �d�7y TOWN CENTER MALL, L.P. (CSO #46101)
WHEREAS, the City of Fort Worth, a Texas home rule municipal corporation("Tenant")
entered into a Lease Agreement ("Lease") (City Secretary Contract No. 46101) effective as of
October 1, 2014, with Town Center Mall, L.P., a Texas Corporation ("Landlord") for leased
premises known as Suites 2100,2200, and 2300,as well as other common facilities and other areas
outlined in the Lease, located at 4200 S. Freeway, Fort Worth, Texas, 76115, more particularly
described in the Lease ("Premises"); and
WHEREAS,the Lease will expire September 30, 2019; and
WHEREAS,the Tenant and Landlord desire to amend the Lease to extend the Lease Term
by five(5)years to expire September 30, 2024;to set Annual Rents for the extended Term; and to
add a termination provision granting Tenant and Landlord the right to terminate the Lease for any
reason by providing the other party a 180-day written notice;
NOW THEREFORE, in consideration of the terms outlined below and set forth in the
Lease, the parties agree to amend the Lease as follows:
I.
The parties agree that Article 1.2 is arn,.;nded by adding the following:
"The Term of the Lease shall be extended for an additional five(5)years for a total
term of ten(10)years. The Term began on October 1,2014, and continued through
September 30, 2019, and shall now expire on September 30, 2024."
II.
The parties agree that Article 1.3 is amended by updating Rent terms for the additional
five(5) year Term to begin on October 1,2019, and expire on September 30, 2024, and the
Annual Rental shall be as follows for each suite and each Term:
First Amendment to City Secretary Contract No.46101 OFFICIAL RECORD
CITY SECRETARY
1 FT. WORTH,TX
SUITE 2100
1000 SQUARE FEET (SF) ANNUAL ANNUAL FEE MONTHLY
RATE FEE
RENEWAL TERM
October 1, 2019 - September 30, 2020 $ 12.50 $ 12,500.00 $ 1,041.67
October 1, 2020 - September 30, 2021 $ 12.74 $ 12,740.00 $ 1,061.67
October 1, 2021 - September 30, 2022 $ 13.00 $ 13,000.00 $ 1,083.33
October 1, 2022 - September 30, 2023 $ 13.26 $ 13,260.00 $ 1,105.00
October 1, 2023 - September 30, 2024 $ 13.52 $ 13,520.00 $ 1,126.67
SUITE 2200
19,548 SQUARE FEET (SF) ANNUAL/SF ANNUAL FEE MONTHLY
FEE
RENEWAL TERM
October 1, 2019 - September 30, 2020 $ 17.09 $ 334,075.32 $ 27,839.61
October 1, 2020 - September 30, 2021 $ 17.43 $ 340,721.64 $ 28,393.47
October 1, 2021 - September 30, 2022 $ 17.60 $ 344,044.80 $ 28,670.40
October 1, 2022 - September 30, 2023 $ 17.78 $ 347,563.44 $ 28,963.62
October 1, 2023 - So-tember 30, 2024 $ 17.95 $ 350,886.60 $ 29,240.55
SUITE 2300
3749 SQUARE FEET(SF) ANNUAL SF ANNUAL FEE MONTHLY
RATEFEE
RENEWAL TERM
October 1, 2019 - September 30, 2020 $ 17.09 $ 64,070.41 $ 5,339.20
October 1, 2020 - September 30, 2021 $ 17.43 $ 65,345.07 $ 5,445.42
October 1, 2021 - September 30, 2022 $ 17.60 $ 65,982.40 $ 5,498.53
October 1, 2022 - September30, 2023 $ 17.78 $ 66,657.22 $ 5,554.77
October 1, 2023 - September 30, 2024 $ 17.95 $ 67,294.55 $ 5,607.88
First Amendment to City Secretary Contract No.46101
2
IV.
The parties agree that Article 1.7 is amended by adding a carbon copy to the Address of
Tenant as follows:
"With a copy to:
City of Fort Worth
Neighborhood Services,
908 Monroe
Fort Worth, Texas 76102
ATTN: Sonia Singleton/Gail Duncan"
VI.
The parties agree that Article 19 is amended by deleting "Intentionally Deleted" in its
entirety and adding the following to serve as Article 19 in the Lease:
"42. TERMINATION FOR ANY REASON WITH 180 DAY NOTICE.
Regardless of anything contained in the Lease to the contrary, Tenant or Landlord
shall each have the right to terminate this Lease at any time for any reason by giving
the other party a180 days' written notice prior to the intended termination date.
Tenant,:r Landlord may terminate a portion of the Lease by giving the other part;--
a 180 days' written notice prior to the intended termination date and specifying
which suit is to be removed from the Premises. If this Lease is terminated in its
entirety under this Section, or as a result of the expiration of the Lease Term or any
renewal period, neither party shall have any further obligation or liability to the
other under this Lease. If Tenant or Landlord terminate the Lease as to a specific
suite modifying the Premises, Tenant will only be obligated to pay Rent for the
suites remaining as part of the Premises, and the Rent shall continue to be as
outlined in this Amendment for the remaining suites. Tenant and Landlord shall be
bound by the terms, covenants and conditions expressed herein until Tenant
surrenders the Premises,regardless of whether the date of surrender coincides with
the date of termination of the Lease."
VII.
All other terms and conditions of the Lease remain unchanged and in full force and effect.
EXECUTED this day of 2019.
First Amendment to City Secretary Contract No.46101
3
[SIGNATURES APPEAR ON FOLLOWING PAGE]
TENANT: City of Fort Worth LANDLORD: Town Center Mall,L.P.
By: Boxer Property Management Corp.
Management Compny for Landlord
By:
Jesus J. Chapa
Assistant City Manager Name: 61kchak4 �l
Title: kZ7bk — �(j AA bC,(XX-
Date:
CONTRACT COMPLIANCE MANAGER
By signing, I acknowledge that I am the person responsible
for the monitoring and administration of this contract, including
ensuring all performance and reporting&:equirements.
Name: �!-;RweVTitle: �� ec,
APPROVED A O FORM AND LEGALITY:
By: /-
Jessica San v ng k_
® T z.
Senior Assistant City Attorney �C
ATTES ~ '
U;
By:_ f "r ,
Mary e
City Secretary r
Form 1295:
First Amendment to City Secretary Contract No.46101 [FT.
ICIAL RECORD
Y SECRETARY
4 WORTH,TX
Contract Author iization:
M&C: 11i1
Date: Cj
First Amendment to City Secretary Contract No.46101 OFFICIAL RECORD
CITY SECRETARY
5 FT. WORTH,TX
M&C Review Page 1 of 2
Official site of the City of Fort Worth,Texas
CITY COUNCIL AGENDA FORTIVORT11
COUNCIL ACTION: Approved on 6/18/2019
REFERENCE ** 21 LAGRAN PLAZA LEASE
DATE: 6/18/2019 NO.: L-16228 LOG NAME: AMENDMENTS
CODE: L TYPE: CONSENT PUBLIC NO
HEARING:
SUBJECT: Authorize Execution of the First Amendment to a Lease (City Secretary Contract No.
46101) with Town Center Mall, L.P. to Extend the Term Five Years and Set Rent Starting
at an Annual Rate of$410,645.73 with Specified Annual Increases for Office and Storage
Space Located at 4200 South Freeway, Suites 2100, 2200, and 2300 for the Park and
Recreation Department and the Neighborhood Services Department(COUNCIL
DISTRICT 9)
RECOMMENDATION:
It is recommended that the City Council authorize execution of the first amendment to a lease (City
Secretary Contract No. 46101) with Town Center Mall, L.P. to extend the term for five years and to
set annual rents starting at$410,645.73 with specified annual increases for office and storage space
known as Suites 2100, 2200, and 2300 located at 4200 South Freeway, Fort Worth for the Park and
Recreation Department and the Neighborhood Services Department.
DISCUSSION:
On September 23, 2014 (M&C C-27018), City Council approved the execution of a lease (City
Secretary Contract No. 46101)with Town Center Mall, L.P. for office and storage space located at
4200 South Freeway, Fort Worth, Texas. The current lease includes 19,548 square feet of office
space known as Suite 2200 for use by Park and Recreation Department administrative staff and
3,749 square feet of office space known as Suite 2300 for the Community Action Partners (CAP)
section of the Neighborhood Services Department. The lease also includes 1,000 square feet of
storage space known as Suite 2100 for CAP. These sections of City departments have been located
in LaGran Plaza since October 1992 under various lease agreements and City organizational
structures. The current lease, which expires on September 30, 2019, is considered a full service
lease which includes electrical,janitorial, HVAC, water, general maintenance, and approved City
network installation.
Staff negotiated the First Amendment to the lease to provide for an extended term of five (5) years, to
set annual rents for each suite, and to add a 180-day termination provision for either party. Annual
rent will increase at two (2) percent each year for Suite 2100. Annual rent for Suites 2200 and 2300
will increase at two (2) percent for years one and two and increase at one(1) percent in years three,
four, and five. The rent rates compare favorably with current market rents.
In Fiscal Year 2020, annual rents for each suite are listed below:
Suite 2100 - $12,500 (Neighborhood Services)
Suite 2200 - $334,075.32 (Park & Recreation Department)
Suite 2300 - $64,070.41 (Neighborhood Services)
Total - $410,645.73
This property is located in Council District 9.
FISCAL INFORMATION/CERTIFICATION:
The Director of Finance certifies that upon approval of the above recommendation, funds are
http://apps.cfwnet.org/council_packet/me review.asp?ID=26973&councildate=6/18/2019 6/19/2019
M&C Review Page 2 of 2
available in the operating budget, as appropriated, of the General Fund for the Park and Recreation
Department and the Grants Operating Federal Fund for the Neighborhood Services Department.
TO
Fund Department Account Project Program Activity Budget Reference# Amount
ID ID Year Chartfield 2
FROM
Fund Department Account Project Program Activity Budget Reference# Amount
ID I I ID Year Chartfield 2
Submitted for City Manager's Office by. Jay Chapa (5804)
Originating Department Head: Roger Venables (6334)
Additional Information Contact: Jean Petr(8367)
ATTACHMENTS
LaGran 1295 Redacted.pdf
MCLAGRANPLAZALEASEAMENDMTS.pdf
http://apps.cfwnet.org/council_packet/mc review.asp?ID=26973&councildate=6/18/2019 6/19/2019
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