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Home My WebLink AboutContract 48142-R1 CIYSCREA Y * t. I'�i } ��"NTRAcT NO. 1.4 1 ZQ19fi FIRST RENEWAL SE nFE�RC��lOE :'fir FOR CITY SECRETARY CONTRACT NO. 48142 5ECA5NVN 4 4 FORT WORTH MEACHAM INTERNATIONAL AIRPORT HANGAR AND GROUND LEASE AGREEMENT LEASE SITE 34S This FIRST RENEWAL TO CITY SECRETARY CONTRACT NO. 48142 ("RENEWAL") 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 300 SERIES AVIATION,LLC ("Lessee"), an Texas Limited Liability Company, acting by and through PAUL NUS its duly authorized PRESIDENT, each individually referred to as a "party"and collectively referred to as the "parties." RECITALS The following statements are true and correct and form the basis of this Agreement. WHEREAS,On or about August 31,2016,Lessor and Lessee entered into City Secretary Contract("CSC")No.48142,a Hangar and Ground Lease for the lease and use of real property known as Lease Site 34S,and any improvements and facilities thereon("Leased Premises") at Fort Worth Meacham International Airport("Airport")hereinafter referred to as the Lease; and WHEREAS, the Lease provides for a three (3) year initial term with options for up to two, five year renewal terms; and WHEREAS,the initial term of the lease will expire on August 31, 2019; and WHEREAS, the Lessor and Lessee wish to exercise the first renewal term provided under the Lease, commencing on September 1, 2019 and ending on August 31, 2024. NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged,Lessor and Lessee hereby agree as follows: 1. The Lease is hereby renewed and extended for the first permitted renewal term of five (5) years,commencing on September 1,2019 and expiring on August 31,2024. 2. In accordance with the established Schedule of Rates and Charges, this lease site of 7,999 square feet of Ground Space at the current Lease rate of$0.3976602 per square foot will generate revenue of$3,180.88 per year or $265.10 monthly and 2,100 square feet of Hangar Space at the current Lease rate of$1.022 per square foot will generate revenue of$2,146.20 per year or$178.85 Fort Worth Meacham International Airport 300 Series Aviation,LLC .a. Renewal Option No. 1 to CSC No.48142 Page 1 of OFFICIAL RECORD CITY SECRETARY FT. WORTH,TX per month. 3. All other terms and conditions of the Lease shall remain in full force and effect. The statements set forth in the recitals above are true and correct and form the basis upon which Lessor and Lessee have entered into this Agreement. The Lease is a public document on file in Lessor's City Secretary's Office and is incorporated herein by reference for all purposes. All other provisions and conditions of the Lease that are not expressly amended herein or directly in conflict with the provisions and conditions of this Amendment shall remain in full force and effect. [Signature Pages Follow] Fort Worth Meacham International Airport 300 Series Aviation,LLC Renewal Option No. 1 to CSC No.48142 Page 2 of 4 IN WITNESS WHEREOF,the parties hereto have executed this Agreement in multiples on this the ` l" day of Sg team 10 r ,2019. CITY OF FORT WORTH: By: Fernando Costa Assistant City Manager Date: 9�4//9 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 Fernando Costa, 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. X":,'wmer ER MY HAND AND SEAL OF OFFICE this day 2019. LAURE:ROSALES Notary ID 929 ��My CommresMay Notary Public in and for the State of Texas APPROVED AS TO FORM ATTEST- AND LEGALITY: By: �a.�'�—� By: C-2ri Thomas Royce Ha sen /M. y J. Kayser, City ec'etary Assistant City Attorney M&C: C - a. ra 7 Approval Date: '/ /& 0Q0J b Fort Worth Meacham International Airport 300 Series Aviation,LLC Renewal Option No. 1 to CSC No.48142 Page 3 of 4 OFFICIAL RECORD CITY SECRETARY FT WORTH,TX 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 requirements. Barba oodwin Title LESSEE: ATTEST: Paul Nus�) 4 By:_ By: Date: 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 Paul Nus, 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 Paul Nus and that s/he executed the same as the act of 300 Series Aviation,LLC for the purposes and consideration therein expressed and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE this day 2019. zz I=I- Nota rin Fort Worth Meacham International Airport ►""°% BRYAN RODRIGUEZ GOMEZ 300 Series Aviation,LLC = 387 Renewal Option No. 1 to CSC No.48142 MY Notary ID Commission Expires xpre Page 4 of 4 �''f c�z�: October 9, 2023 OFFICIAL RECORD CITY SECRETARY FT. WORTH,