HomeMy WebLinkAboutContract 36458-T1 Fo, W
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December 18, 2013
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AT Industrial Owner 7,LLC
Laurie Zirpel
13600 Heritage Parkway, Suite 2010
Fort Worth, TX 761-77
Re.- Notice of Termination of Tax Abatement Agreement
(City Secretary Contract No. 36458, as Amended by City Secretary Contract No. 37032
and Assigned Pursuant to City Secretary Contract No. 36458-CAI) (collectively,, the
"'Agreement")
Dear Ms. Zirpel:
As of December 28, 2007 the City of Fort Worth(the "City"); Cinram Wireless LLC ("Ci rrarn");
and Alliance Gateway No. I'm 1, Ltd. ("Alliance") entered into the above-referenced Agreement for
construction of a wireless telephone manufacturing facility (the "Required Improvements") that would be
operated and maintained by Cinram on property located at 53 Westport Parkway (the "Land"'). Cinram
leased the Land from Alliance. In return, fo'r Alliance's and Cinram's meeting various obligations
if I I
spec ically set forth in the Agreement, the City agreed to grant Alliance a 10-year tax abatement on the
Land and any improvements thereon, including the Required Improvements. Alliance subsequently
assigned its interests in both the lease with Cinram and this Agreement to AT Industrial,Owner 7 LLC.
Section 1.3 of the Agreement requires that throughout the term of the Agreement, the Land and
the Required Improvements, must be operated and maintained by Cinram. as a wireless telephone
manufacturing facility 'in accordance with that certain Tax Abatement Agreement between the City and
Cin-ram. dated December 28, 2007 (City Secretary Contract No. 36456;, as amended by City Secretary
Contact No. 37031 . The City has been advised that Cinram has vacated the Land and 'the Required
Improvements, w1iich constitutes an Event of Default under the Agreement. Accordingly, pursuant to
Section 4.2 of the Agreement, the City is hereby exercising its right to terminate this Agreement
immediately.
If you disagree with any statement provided herein, please provide a written response within ten
(10) calendar days to: Peter Vaky,, DIeputy City Attomey,, City of Fort Worth, 1000 Th.rockmorton, Fort
Worth, TX 7'6102.
S i tic ere ly,
Fernando Costa
Assistant City Manager
c: Cinrarn Wireless, LLC
Attn: William Mueller
860 Vila de la Paz, Suite F-4
Pacific Palisades, CA 90272
CITY MANAGER'S OFFICE
THE CITY OF FORT WORTH * 1000 THROCKMORTON STREET* FORT'WORTH,TEXAS 76102
817-392-6111* FAX 817392-6134