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HomeMy WebLinkAboutContract 40981-A2h �.. ; ,� . " ��� � ���_ �"��;�'�f ������i�l" AMENDMENT NO. � �' '' ��°'�'�����V ���. p �-��g � � � � �. CTTY SECRETARY CONTRACT NO. 40981. �� FORT WORTH MEACHAM INTERNATIONAL AIRPORT GROUND LEASE AGREEMENT This AIVI�NDMENT N0.1("Amendment") is made and entered in�o by and between ihe CITY OF FORT WORTH ("Lessor"}, a Texas home rule �x�.unicipal corporation acting by and through Fernando Costa, its duly autk�orized Assistant City Manager, and RICHARDSON AVIATION {"Lessee"), acting by and thro�gh Thomas W. White, its duIy authorized Vice Preside�xt. RECITALS WHEREAS, On or about October 22, 2010, Lessor azxd Lessee entered into City Secretary Contract ("CSC") No. 29135, a hangar and ground �ease agreement for a 260,569 square feet af graund space which includes a 32,804 square foot hangar known as Lease Site 45S ("Leased Premises"), at Fort Worth Meacham International Airport ("Airport"). CSC No. 40981 shall hereinafter be referred to as the "Lease"; WHEREAS, On April 14, 2014, Lessor and Lessee entered into City Secretary Contract ("CSC"} No. 40981 A-1 expanding Lease Siie 45S to 334,ll6 square feet of ground space ("Ground") including a 32,800 square fooi hangar ("Hangar") and 66,800 squa�re feet of aircraft parking ramp space; WHEREAS, the Lessee wishes to extend Lease �ite 45S to include a 26,Q42 squaxe �eet of ground s�ace adjacent to the current lease site Lessee is voluntarily maintaining. In addif�on, in the event Lessee r�vokes their FBQ Pexmit, they may use this property for the purpose o� znstailing a fuel tank for which it vvill be required to meet the current Minimum Standards as well as obtain alt Iicensing and permits required for self-fi�eling; WHEREAS, Lessar and Lessee now wi,sh to amend the Agreement to reflec� a change in the square footage of the Leased �'re�x�.ises from 334,116 square feet of Grourid �pace to 360,158 total square fe�t of Ground Space; and WHEREAS, Due to the increase in sq�are foatage of Ground Space, Lessar az�d Lessee also wish to amend th� monthly rent pxovision in the Agreement to reflect the xncxeased amount of square footage fhat will be used in the calculation for monthly and annual xent each year; and WHEREAS, Le�sor and Lessee �nrish fo repIace the existing "Exhibit A" to the Agreement with a new `Bxhibii A" that will reflect the new property survey of the leased premises, which will be attached ta fhis Amendznent; and AGREEMENT NOW, THEREFORE, for good and va.luab�e consideration, the receipt and adequacy of wl�ich are k�exeby acknowledged, Lessor and Lessee hereby agree as follows: Fort Worth Ivleacham International Airport Richardson Aviation Amendment No. 2 Lo CSG No. 40981 Page I af 6 � � ��� ������' � .._.� - -��'t�4,�����`' ; ...� .. � --����� �� 1. The Agreemen� is hereby amended by deleting Section 1, "Property Leased" of the Agreezx�ent in its entirety az�d replacing it with the following: 1. PROPERTY LEA�ED. Lessor hereby derz�.ises to Lessee 360,158 square feet of Ground Space ("Ground") including a 32,800 square fooi han.gar ("Hangar" and 66,800 square feei of aircraft parking ramp space known as Lease Site 45� also known as 3800 Lincoln Avenue at Fort Worth Meacham International Airport ("Airport") in Fort Warih, Tarrant County, Texas ("Premises"), as shown in Exhibit "A", attached hereto and hereby made a part of this Lease for aIl purposes. 2. The Agreernent is hereby amended by deleting Section 3.1, "Rates and Adjustments" of the Agreement in its eniirety and replacing it with the following: 3.1. Rates and Adiustments 3.1.1 Hangar Rate Lessee shall com�ez�ce the payrnent of rent for the Hangar on the Effective Date. Lessee hereby pramises and agrees to pay Lessor, as annual rent for the Hangar, One Hundred Forty-Seven Thousand One Hundred Thirty-Three Dollars and 301100 {$147,133.30), at a rate af $4.�8�'�i1394 per square faot, payable in equal monthly insiallments of Twelve Thousand Two Hundred Si�ty-�ne Dollars and 11/100 ($1�,�61.11). 3.1.� Ground Rate Lessee sha11 commence ihe pay�xxent of rent for �ie Ground Space on the Effective Date. Lessee hereby promises and agxees to pay Lessar, as annual rent for the Ground Space, One Hundred Fifty-Two Thousand Four Hundred Thirty Dollars and 75/100 ($1�2,430.75,}, at a rate of $0.423233403 per square foot, payable in equal monthly installments of Twelve Thousand Seven Hundred Two Dollars and 56/10� {�12,'�02.�6). The xental rates under this Lease are based on Lessor's current publzshed Schedule of Rates and Charges. Rental rates are subjeci to increase beginning October 1, 2421, and on October 1 S� of any subsequent year during the Initial Term, to reflect any upward change in the Consuz�nex Price Index for the Dallas/Fort Worth Metropolitan Area, as announced by the United States Fort Worth Meacham Intemationa[ Airport Richardson Aviation Amendment No. 2 to CSC No, 40981 Page 2 of b Department of Labor or successor agency (i) for the first incxease, since the Effective Date af this Lease and (ii) for each subsequent increase, since the effective date of the last incxease; pravided, ho�uever, that Lessee's renia� rates shall not exceed the then-cunrent rates prescribed by Lessor's published Schedule of Raies and Charges for the type or types o£praperty similar to the type or types of properiy that comprise ihe Prernises. 3. Exhibi� "A" (as amended) vvithin ihe Agreement is hereby deleted in. its entirety and replaced with a new Exhibit "A", which is attached as Exhibit A to ihis Amendment. � Al� other terms and conditions of th.e Lease sk�all rernain in full force and effect. 5. The statements set forth in the recitals above are true and correct and form the basis upon which Lessor and Lessee have entered inio tlus Agreement. The Lease is a pubiic document on file in Lessor's City �ecretary's Office and is incorporated herein by reference for all purposes. C'� All other provi szons and conditions of the Leas� that are not expressly amended herein or directly in conflict with ihe provisions and conditions o� this Amendment shall remain in full force and effec�. [Signatu�es on Foliawing Pages] Fort Worth Meacham International Airport Richazdsan Aviation Amendment No. 2 to CSC i�fo. 409$1 Page 3 of 6 IN WITNESS VVk�ER.EOF, the parties hereto have executed tlzis Agre�ment in multiples on this the � day of �G� _ , 2021. CITY OF FORT WORTH: , -� B�': ' G- i"[G4.�'ooLeiesx � Fernando Costa Assistant City Manager Daie: ,S, :GG�`2��: � STATE OF TEXAS COUNTY OF TARR.ANT § BEFORE ME, the undersigned authority, a Notary Public in and for the State o� Te�as, on this day personally appeared Fernando Costa, known to me to be the person whose na�me is subscribed to the foregoing instrument, and acknowledged to me that the sax�ae was the act of the City of Fort Worth and that he executed the same as the act of the C�fy of Fort Worth for the purposes and consideratior� therein expressed and in tk�e capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE this iQ �' day ' �,��.� , 202 � . ��.�� - - - _� _ �. QY `'�<�,. MARIA S. SANCF€C7 �O.�P, ... Ue '. *: *: My �lotary If3 # 2?.5S49D ' N`''�•�y. =�fF`ox s��'� Expires December 1J, 2021 APPROVED AS TO FQRM AND LEGALI Y: By: mas Ro�c� H nsen Assistant Ciiy Aitorney M&C: � i - (��1� Approval Date: ���� do� � Form 1295: 2021-713 3& Fort Worth Meacham International Airport Kichardson Avialion Amendme�t No. 2 to CSC No. 40981 Page 4 of b � � �, , .� �• � � Not ry Pub1ic in and for the State of Tex ATTEST: r� ,��� � ����'�� �±� - �F� � �, '��. ��' ,� .,i. ' '��°�,,.a;���x:��s. �s. �.�: �_ . J. Kayser, City � _. �.i�, ������ ...w-- . _ "yf���'��°� � � ,. _ - ����€� Contract Comp�iance Manager: By signing I acknowledge that I am the person responsible for t�ie monitoring and administration of this contract, including ensuring all performance and reporfing requirements. �_ _ --- --� � Rea , operty Manager �- Barbara Goodwin Print Name �� LESSEE: RICHARDSON AVIATION � ��'�s �'��°���y� '�; ��f��/� ,f��=a°i+���wc.' . 1"� /�IibMW�.�ne� M�FB+�r �inr� B 37: C�'�'�� �.�- Thomas W. White Date: a'��c� � !�� ( _ STATE OF TEXA� COUNTY O�' TARRANT § BEF�RE ME, the undersigned authority, a Notary Public in and for the State of Texas, on tl�is day personally appea�red Thomas W. White, known to me io be the person whose name is sub�cribed tv the foregoing instrument, az�d acknawledged to me that the same was the act of Richardson Aviation and that he execuied the saxne as the act of R�iehardson Aviation for the purposes and consideration therein expressed and, in the capacity, therein stated. G�VEN UNDER MY HAND AND SEAL OF OFFICE this �-� � day �(, a � , 202�% ,� "�� SNI�O f�iA�CI�� � �� �Vot�ry P�blic, State M Texa� t� Nmtar�► ID �.31A�90-4 o� '�� llls6yy Cu�rtt�issi8n Exp. 02-�-20� � Notary Public in and for the Siate of Texas ���G����is, E�����:� ��� ���������� � �`� ��`���'�� `�� Exhibit "A" �n.owo�n��.s, �s:c�vsv .; .. .�.�::�a,�:s a w a� . . +a�o i� .rrcnw..�..+��.w ��ev. 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CM6YnTA,3lIfh1N1f RAY AP.COi11A, QAPRAMYtiO[AVi Y. TAKAA CITY O� �ORT WORTII ahAR.lYTCWNIY.7CCAS._.. _ _ ..._ pfFici�l sit�: af khe Cify of �'ori Wa�, Texas ��rir �au���� ������ �`���'���rf� �� DAT�: 312 312 0 2 1 RFF€R�f�C€**M&C 29- �.OG 55FTW RICHARDSON AVIATION I��AS� R�O.. Q2'!7 f�AR,��: AMENDMENT 2 F�R L.EAS� SITE 45S COD�: C TYP�: CONSENTPUBL�C NO K€/9►RIP�G: SU�JECT {CD 2) Aut�orize the Execution qf Amendmenf Na. 2 tp City Secretary Contract 40981, a Hangar and Ground Lease Agreement known as Lease Si#e 45S with Richardson Aviation fio Incfude an Additional 28,042 Square Fee# of Ground Space Adjacent to L�ease Site 45S Located at Fort Wprth Meacham interna#ional Airport REC01911iVI�NDr4'iIOP�: Ifi is recammended that the City Council authorize fhe executfon of Amendmer�t No. 2 to City Secretary Contract 40981, a hangar and ground lease agreement known as L�ease Site 45S witt� Richardson AWiafion to include an adclitionaf 26,442 sc�uare feet of grou�d space adjacent to Lease Site 45S at Fort Worth Meacham In#erna#ionaE Airport. DfSCUSSIQi�: On or abau# �ctaber 22, 2010, the City (Lessor) and Richardson Aviation (L.essee} enfered into City Secretary Cantract (CSC) 4Q981, a hangar and graund lease agreemenf for the lease and use of real property known as Lease Site 45S cor�sisting of a total of 260,569 square feet of hangar and ground space at For# Wor�i� Meacham in#ernational Airport. C5C 40981 is currently in its firsi renerrval option with twa additional ten-year options to renew for a potential expiration date of September 30, 2050. On or abou# Apri[ 14, 2014, #he Lessee and Lessor entered in tfl CSC 40981-A1 to expand the prerr�ises to include an aciditional 73,�47 sq�are feet af ground space for a total of 334,1�6 square �Feet. Lessee and Lessor naw wish to amend the iease to incfude 26,042 of ground space Lessee is already rr�ain#aining adjacent to Lease Site 45S. Provided that alI requiremenfs are met and proper agreements are executed, future use af the prpperky may include an above-gro�nd f�ael tank for the purpose qf self-fuefing. The additional 2�,�42 square fee# will amend the tofal ground space leased to 360,�5$ square feet. Annual revenue generated from #he ground space af the amended fease is $152,430.75, which will be payable in mpnthly instalfinen#s of $12,702.5fi. Lessee currently pays Lessor, as annual rent for the hangar, $147,133.30, payabfe in ec�ual mont�fy installments of $12,261.11, Hangar rates will not be effected by this amendment. On Octaber 1 af any given year, rental rates shal! be subject to an i�crease based on the upward percentage change in fhe Co�sumer Price Index for the Dallas-Fort Worth Metropolitan area. At no time will fhe adjusfed rate exceed the rate that is current in fhe Scheduie of Rates and Charges. A�I terrns and conditions of the lease agreement will be in accordance wifh Cfty of Fort Worth and Aviation Depa�tmenf policies. ADVlSORY BOARD APPROVAL: On Navember 12, 2Q20, fhe Aviafion Advisory Board vated to recommend �tha� #he Ci#y Council appro�e this acfion. Fort Worth Meacham In#ernativr�a� Airport is lacated i� CC3UNCIL DISTRICT 2. F[SCAL I�1�ORM�ITIOR�IC�RTI�ICATION: The Director of Finance certifies that uport approval of the abo�e recommendation and execution of the lease, funds wilf be deposited into the Municipal Airport Fund. The Aviafion Department (and Financiaf Managemenf Services) is respor�sible for the collsction and deAosit of funds due to the City. T@ Fund bepartrnent Account ProjecE Program Activity Budget ID I� Year Submitted for City �dYanager's Office by_ Originatiing Departrneni Wead: Additianal lnformafion Con�ac�: �►�TACWi�i�f�1�S 2p'15Q47,12 B[��1 {PAFtCEL - 45S)-LEASE SURVEY.pdf Additiana� Properky Location Map 45S.�df Locatinn Map 45S.pdf Fernando Costa (6122) Rog�r Venables (6334) Rieardo Barc�lo (�403) Amount