HomeMy WebLinkAboutContract 31047 TA- V
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SECOND AMENDMENT TO LEASE AGREEMENT
WHEREAS, the Monroe Street Professional Building, Ltd. ("Lessor"), acting by and through Ron
Crabtree, the duty authorized President of Cacheral Co, Inc., General Partner of Monroe Street
Professional Building, Ltd. and City of Fort Worth ("Lessee"), acting herein by and through Dale
Fisseler, its duly authorized Acting Assistant City Manager, made and entered into a Lease, City
Secretary Contract 27682 ("Lease"), which was amended to include additional space by City
Secretary Contract 28949
WHEREAS, it has become necessary to amend said Lease to include more additional space.
NOW THEREFORE, Lessor and Lessee, acting herein by and through their duly authorized
representatives, for and in consideration of the rent paid, the covenants and agreements to be
performed, and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, enter into the following agreement, which amends the Lease as follows:
1.
Section One "Leased Premises" of the Lease is hereby amended as follows:
"Approximately 3157 rentable square feet of office space in the Monroe Building
(the "Building") at 900 Monroe Street, Fort Worth, Tarrant County, Texas, a more
particular description of which is attached as "Exhibit A". Landlord shall provide
tenant with one parking space (Parking Space Number 454) in the adjacent parking
garage at 909 Taylor Street.
This office space as described above together with any and all structures,
improvements, fixtures and appurtenances thereon, thereunder or over, shall be
referred to as the "Leased Premises".
The boundaries and location of the Leased Premises are described on the attached
Exhibit A and made a part hereof."
2.
Section Three "Term and Rent" of the Lease is hereby amended as follows:
"This lease shall begin on the Effective Date and terminate on April 30, 2007, unless
a prior termination is effected by either Lessor or Lessee under the termination
provisions of this lease. During the initial term, Lessee shall pay Lessor annual rent
of $12,10 per square foot per year, payable in equal monthly installments of
$3,183,31. Upon receipt of an invoice from the Lessor by the 15'�' of the previous
month, the rental payment shall be made to the Lessor on the first day of each month
during the term of this Lease and the first day of the month during any extension of
the Lease, Rent for any partial calendar months shall be prorated on a per them
basis.
Landlord shall provide tenant one parking space in the adjacent arage for the cost of
- 9
S715,78 oer month.
Lessee shall have the right to renew this Lease for a maximum of two successive five
year terms. The terms of this Lease shall continue to govern and control the
relationship of the parties during the renewal period. Rent for each of the renewal
terms shall be as follows:
Renewal Term Rent rate per square foot per year
I St $14.50
2nd $16.00
3.
All other provisions of the Lease which are not expressly amended herein, shall remain in full force
and effect.
4.
This lease amendment shall become effective when the construction of all necessary improvements
are completed to Lessee's satisfaction and Lessee can occupy the additional space or on October 1,
2004, whichever is later("Effective Date").
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of this 11 day of
IILALL > 2004.
LESSOR:Monroe Street Professional LESSEE: City of Fort Worth
Building, Ltd.
By:_ By:
Ron Crabtree Dale isseler
President Acting Assistant City Manager
Cacheral Co., Inc.
General Partner APPROV 7AS TQ FORM AND LEGALITY:
Bv:
Cynthia Garcia, Assistant City Attorney
ATTEST.
By:
party`VHendrix. i ty"Secretary
M C: L-13876 8/17/04
2
STATE OF TEXAS §
COUNTY OF TARRANT §
7
This instrument was acknowledged before me this the 7�'day of Q '
2004, by Dale Fisseler, Acting Assistant City Manager for the City of Fort Worth, on behalf of the
City of Fort Worth.
Notary Public, State of Texas
STATE OF TEXAS
COUNTY OF TARRANT
This instrument was acknowledged before me this the day of
2004, by Ron Crabtree, President of Cacharel Co., Inc, General Partner for Monroe Street
Professional Building Ltd. on behalf of Monroe Street Professional Building, Ltd.
A
Not blic, State oCYexas
t4 p Y I.
ELIZABETH J.WILL
Notary Public, ta
te-oo exx as
My Commission expires f f0TT6-3
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EXHIBIT A
OFFICE SPACE OCCUPIED BY THE CITY OF FORT WORTH,
ECONOMIC AND COMMUNITY DEVELOPMENT (ECD)DEPARTMENT
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City of Fort Worth., Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 811712004
DATE: Tuesday, August 17, 2004
LOG NAME: 17MONROEECD REFERENCE NO.: **L-13876
SUBJECT:
Authorize an Amendment of Lease with Monroe Street Professional Building Limited for Office
Space Located at 900 Monroe Street for the Economic and Community Development Department
(ECD)
RECOMMENDATION:
It is recommended that the City Council authorize the City Manager to execute an amendment lease with
Monroe Street Professional Building, limited for office space located at 900 Monroe Street for the Economic
and Community Development Department.
DISCUSSION:
The Engineering Department, Real Property Services Division, at the request of the Economic and
Community Development (ECD), negotiated a lease contract with Monroe Street Professional Building,
Limited for office space located at 900 Monroe Street (M&C L-13285 approved April 30, 2002, as amended
M&C L-13562, approved May 5, 2003).
AMENDMENT OF LEASE AGREEMENT
Both Lessor and Leesee agree that the Leesee will lease an additional 424 square feet at a lease rate of
$12.10 per square foot, an additional cost of $5,130.40 per year. Therefore, the new annual rent will be
$38,199.70 annually, or$3,183.31 monthly. The new monthly rate becomes effective September 1, 2004.
All other terms and conditions of the Original Lease Agreement and renewal letters remain unchanged and
in full force and effect. The Lease shall be for a period of five years commencing on May 1, 2002, and
terminating on April 30, 2007, unless a prior termination is effected by either the Lessor or Leesee under the
termination provisions of this Lease.
FISCAL INFORMATIONXERTIFICATION:
The Finance Director certifies that funds are available in the current operating budget as appropriated of
the General Fund,
Logname: 17MONROEECD Page 1 of
TO Fund/Account/Centers FROM Fund/Account/Centers
GG01 5360401 0171000 $427.53
Submitted for City Manager's Office by: Marc Ott (8476)
Dale Fisseler(6140)
Originating.Department Head: Doug Rademaker(6157)
Tom Higgins (6192)
Additional Information Contact: Latrice Tatum (8362)
Ardina Washington (8003)
Lo name. 17MONROEECD Page 2 of