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HomeMy WebLinkAboutContract 46908-R5R6 CSC No. 46908-R5R6 FIFTH AND SIXTH RENEWALS FOR CITY SECRETARY CONTRACT NO. 46908 LEASE AGREEMENT FOR THE ROSE MARINE THEATER This FIFTH AND SIXTH LEASE AGREEMENT RENEWAL FOR THE ROSE MARINE THEATER("Renewal')is made and entered into by and between the CITY OF FORT WORTH ("Lessor"), a home rule municipal corporation under the State of Texas, acting by and through DANA BURGHDOFF, its duly authorized Assistant City Manager, and ARTES DE LA ROSA ("Lessee"), a domestic non-profit corporation, acting by and through William Giron, its duly authorized Executive Director. RECITALS The following statements are true and correct and form the basis of this Agreement. WHEREAS, on or about August 1,2015,the parties entered into City Secretary Contract ("CSC")No.46908, a Lease Agreement for the building known as the Rose Marine Theater located at 1440 and 1444 North Main Street,Fort Worth,Texas ("Lease"); and WHEREAS,the Lease provided for a two (2)year initial term with eight(8) one-year options to renew; and WHEREAS, in order to renew the Lease, Lessee is required to provide Lessor a request for renewal of the Lease term, a report outlining the use of and services provided by the Lessee under the terms of the Lease, and annual financial statements for the prior calendar year including IRS Form 990 ("Renewal Requirements"); and WHEREAS, on March 31, 2021, the Lessee provided the Renewal Requirements for the fifth (5 h) lease renewal and both parties agreed to exercise the 5 h lease renewal however it was not memorialized in writing and recorded; and WHEREAS, both parties would now like to formally recognize the agreement made between the parties to enact the 5th renewal period through this Renewal; and WHEREAS, the Lessee has also now met the Renewal Requirements for the sixth (6th renewal term; WHEREAS, the parties would now like to enter into this Renewal of the Lease for a sixth, one-year term. NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, Lessor and Lessee hereby agree as follows: Renewal Option No.5 and 6 to CSC No.46908 OFFICIAL RECORD Page 1 of 3 CITY SECRETARY FT. WORTH, TX 1. The Lease is hereby renewed and extended for the fifth permitted renewal term of one (1) year, commencing on August 1,2021 and expiring on July 31,2022. 2. The Lease is hereby renewed and extended for the sixth permitted renewal term of one (1) year,commencing on August 1,2022 and expiring on July 31,2023. 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] Renewal Option No.5 and 6 to CSC No.46908 Page 2 of 3 IN WITNESS WHEREOF,the parties hereto have executed this Agreement in multiples on this the 121h day of July ,2022. LESSOR: LESSEE: City of Fort Worth, a home rule municipal Artes De La Rosa, a Texas non-profit corporation under the State of Texas corporation D Bur SuYSih�loff ��G��y^^ By: Danana Burghdoff(Su112,202210:53 CDT) By: Dana Burghdoff 1J Executive Director Assistant City Manager Title: Jul 12, 2022 July 11, 2022 Date: 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 requirements. Name: "°`- Lease Manager,Property Management Department Title: Jul 12, 2022 Date: APPROVED AS TO FORM AND LEGALITY: By: Thomas Royce Hansen Assistant City Attorney Date: Jul 12, 2022 ATTEST: oaa4o�n�� a FoRr�aa q °°000°° ° ° pad 7ahhette C Gooa G �o° °° By: ,°�� s�°° ����°�.z.z�z..3a�„ a��0 °�� Jannette S. Goodall 0~° odd ° 0=d° City Secretary � o Date: Jul 12,2022 °o° °o*A, 000 ���nEXAS.oAp M&C: C-27400 Approval Date: 7/28/2015 Renewal option No.s and 6 to csc No.46908 OFFICIAL RECORD Page 3 of 3 CITY SECRETARY FT. WORTH, TX