HomeMy WebLinkAboutContract 47341-A2 17,ECRETPRY
4 C��VED AMENDMENT NO.2 TO
CNN 92019 CITY SECRETARY CONTRACT NO. 47341
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TAX ABATEMENT AGREEMENT
WITH AMERICAN AIRLINES,INC. AND DALLAS FORT WORTH
INTERNATIONAL AIRPORT BOARD
This AMENDMENT NO. 2 TO CITY SECRETARY CONTRACT NO.
47341 ("Amendment") is made and entered into by and between the CITY OF FORT
WORTH (the "City"), a home rule municipality organized under the laws of the State of
Texas, AMERICAN AIRLINES, INC. ("Company"), a Delaware corporation, and
DALLAS FORT WORTH INTERNATIONAL AIRPORT BOARD ("Board").
RECITALS
The City and Company hereby agree that the following statements are true and
correct and constitute the basis upon which the City and Company have entered into this
Amendment:
A. The City, Company, and the Board previously entered into a Tax
Abatement Agreement (City Secretary Contract No. 47341), as amended by that certain
Amendment No. 1 to Tax Abatement Agreement (City Secretary Contract No. 47341-Al)
(collectively, the "Agreement") concerning the construction of a new headquarters
facility for the Company (the "Project") on land leased from the Board.
B. The Agreement requires that the Project be completed by December 31,
2019 (the "Completion Deadline"). Because of delays in completing certain
infrastructure associated with the Project due to funding approvals by the Texas
Department of Transportation, Company has requested that the Completion Deadline be
extended to July 31, 2020. The City has no objection to Company's request.
NOW, THEREFORE, in consideration of recitals and the mutual benefits and
promises contained in the Agreement and this Amendment and for other good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the
City, Company and Board agree as follows:
Page 1
Amendment No.2 to CSC No.47341
Tax Abatement Agreement between City of Fort Worth,American Airlines,Inc.,and Dallas/Fort Wo h International 9
Airport Board
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CITY OF FORT ORTH: �-
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Attested by: ��, .A
k-AX 'Assistant City Manager ary Je , Cl ecre
Date: t d tq I?Plq
STATE OF TEXAS §
COUNTY OF TARRANT §
L BEFORE ME, the undersigned authority, on this day personally appeared e -J
Ciapa Assistant City Manager of the CITY OF FORT WORTH, a municipality
organized under the laws of the State of Texas, known to me to be the person and officer
whose name is subscribed to the foregoing instrument, and acknowledged to me that the
same was the act of the CITY OF FORT WORTH, that he was duly authorized to
perform the 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.
GIVEN UNDER MY HAND AND SEAL OF OFFICE this day of
2019.
Z� - Z"
Not ry Public in and for
the State of TexasiPP < •, MARIA S,SANCHEZ
My Notary ID#2256490
Notary's Printed Name
'•',rF aF s�+ Expires December 19,2021
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Page 3
Amendment No.2 to CSC No.47341 ---
Tax Abatement Agreement behveen City of Fort Worth,American Airlines,Inc.,and Dallas/Fort Worth International
Airport Board
AMERI Al
INES,INC.,
a Delaw r
BV
Name: Michael J. Minerva, Jr.
Title:' Vice President, Government and Airport Affairs
Date:
STATE OF TEXAS §
COUNTY OF TARRANT §
BEFORE ME,the undersigned authority,on this day personally appeared
`(`r1 iSLh)n -¢N S . ff),Iru,vo�-- (-.,A.4 A;,o�o AMERICAN AIRLINES,
INC.,known to me to be the person Whose name is subscribed to the foregoing instrument,
and acknowledged to me that s/he executed the same for the purposes and consideration
therein expressed, in the capacity therein stated and as the act and deed of AMERICAN
AIRLINES,INC.
GIVEN UNDER MY HAND AND SEAL OF OFFICE this day of
2019.
N ry Public in and for
the State of
��oVlnp� f ' 1.P-oc—Q�
Notary's Printed Name
JOANNA MOORE
Notary Public,State of Texas
Comm.Expires 09-29-2022
Notary ID 129975712
P Vi. `�01�.`�'��f9, � .
Page 5
Amendment No.2 to CSC No.47341
Tax Abatement Agreement between City of Fort Worth,American Airlines,Inc.,and Dallas/Fort Worth International
Airport Board