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HomeMy WebLinkAboutContract 6523 CITY SECRETA( STATE OF TEXAS § CONTRACT NO.� COUNTY OF TARRANT § THIS CONTRACT AND LEASE AGREEMENT, made at Fort Worth, ti Tarrant County, Texas, this _Z_ day of 1970, by and between the City of Fort Worth, State of Texas (hereinafter referred to as "Lessor"), and Tarrant County Junior College District (hereinafter referred to as "Lessee") : W I T N E S S E T H• WHEREAS, Lessor owns and operates Meacham Field (herein- after called "Airport") , located in the County of Tarrant, State of Texas; and, WHEREAS, Lessor deems it advantageous to itself and to its operation of the Airport to lease unto Lessee certain ground space, described herein, together with certain priv- ileges, rights, uses and interests therein, as hereinafter set out; and, WHEREAS, Lessee is a tax-supported educational institu- tion; and, WHEREAS, Lessee desires to establish an educational pro- gram at the Airport for students attending Tarrant County Junior College; and, WHEREAS, Lessee proposed to lease on a generally net basis from Lessor certain ground space, and to avail itself of certain privileges, uses and rights pertaining thereto; and, WHEREAS, Lessor proposes to make certain improvements on the ground for the use of Lessee during the term of this contract and lease as hereinafter set out; and, WHEREAS, Lessee has indicated a willingness and ability to properly keep, maintain, and improve said premises in ac- cordance with standards established by Lessor, during the primary term and renewals of this lease; NOW, THEREFORE, KNOW ALL MEN BY THESE PRESENTS: ARTICLE I PREMISES AND PRIVILEGES That for and in consideration of the terms, conditions and covenants of this lease to be performed by Lessee, all of which Lessee accepts, Lessor hereby leases to Lessee and Lessee hereby hires from Lessor certain property, together with any improvements thereon (hereinafter called "demised premises") , and certain attendant privileges, uses and rights, as hereinafter specifically set out. A. Description of Demised Premises. The demised premises hereby leased are: 43,900 square feet of land located on the West side of the Airport adjacent to the proposed short parallel runway, being the property outlined in red on Exhibit "A" which is attached hereto and made a part hereof. B. Description of General Privileges, Uses and Rights. Lessor hereby grants to Lessee the following general privileges, uses and rights, in common with others, all of which shall be subject to the terms, conditions and covenants hereinafter set forth and all of which shall be non-exclusive on the Airport: 2 - (1) The use in common with the public generally of all public airport facilities and improvements which are now or may hereafter be connected with or appurtenant to said Airport, except as hereinafter provided. For the purpose of this lease, "public airport facilities" shall include all necessary land- ing area appurtenances, including, but not lim- ited to, approach areas, runways, taxiways, public aprons, automobile parking areas, road- ways, sidewalks, navigational and avigational aids, lighting facilities, public terminal facilities, or other public facilities appur- tenant to said Airport. (2) The right of ingress to and egress from the demised premises over and across public road- ways serving the Airport. C. Description of Specific Privileges, Uses and Rights. In addition to the general provisions, uses and rights above granted, and without limiting the generality thereof, Lessor hereby grants to Lessee the right to establish, main- tain and conduct an educational program at the Airport for students duly enrolled in Tarrant County Junior College, in- cluding the right to construct, operate and maintain class- rooms, shops, and offices for the training of such students in flight, aircraft maintenance and repair, navigation, aviga- tion, avionics and any and all other related educational pro- grams. Lessee is granted the further privilege of providing, through a City approved concessionaire, food, confections and non-alcoholic beverages through vending machines to students and employees and their invitees at Tarrant County Junior College but not to the general public. Lessee covenants and agrees that it will not engage in the business of providing general aviation or fixed-base operator services to the gen- eral public and will maintain and operate the demised premises - 3 - and improvements constructed thereon solely as a part of the educational function of Tarrant County Junior College. D. Conditions of Granting Lease. The granting of this Lease and its acceptance by Lessee is conditioned upon the following covenants: (1) That the right to use the Airport facilities and the demised premises shall be exercised only subject to and in accordance with the laws of the United States of America, the State of Texas, the City of Fort Worth, the rules and regulations promulgated by their authority with reference to aviation and air navigation, fire, police and health protec- tion and all other applicable rules and reg- ulations and ordinances of Lessor now in force or hereafter ordained or promulgated. (2) That Lessee will not, on the grounds of race, color, or national origin, discriminate or permit discrimination against any person or group of persons in any manner prohibited by Part 15 of the Federal Aviation Administration regulations. ARTICLE II OBLIGATION OF LESSOR A. Clear Title. Lessor covenants and agrees that at and until the granting of this lease it is well seized of the leased prem- ises and has good title thereto, free and clear of all liens and encumbrances having priority over this lease; and that Lessor has full right and authority to lease the same as herein set forth. Lessor further covenants that all things have hap- pened and been done to make its granting of said lease ef- fective and Lessor warrants to Lessee peaceful possession - 4 - and quiet enjoyment of the leased premises during the term hereof, upon performance of Lessee's covenants herein. B. Operation as a Public Airport. Lessor covenants and agrees that during the term of this lease that it will operate and maintain the Airport and its public airport facilities, as defined hereinabove, as a public airport consistent with and pursuant to the Sponsor's Assurance given by Lessor to the United States Government through the Federal Airport Act. C. Condition and Maintenance of Premises. Upon the execution of this Agreement, Lessor shall assume no further responsibility as to the condition of all the premises demised hereunder and shall not assume respon- sibility for maintenance, upkeep, or repair necessary to keep said premises in a safe and serviceable condition, except as outlined below: Hangar, Ramp Area and Vehicle Parking Lot: Lessor shall: (1) Construct a 29,400 square foot hangar and classroom on the demised premises. (2) Construct an 8,500 square foot aircraft parking apron in the area shown in blue on the attached Exhibit "A". (3) Construct a 6,000 square foot vehicle parking lot and access roadway in the area shown in red on the attached Exhibit "A". All of the above construction by Lessor will be in accordance with existing requirements and specifications pro- mulgated or enforced by the City of Fort Worth. Lessor shall - 5 - consult with Lessee concerning general architectural design concepts; heating, air conditioning and lighting requirements; and functional layout of improvements. Upon completion of construction, title to all permanent improvements shall vest in Lessor. All trade fixtures, ma- chinery and furnishings of a non-permanent nature made or installed by Lessee may be removed from the leased premises at any time. ARTICLE III OBLIGATION OF LESSEE A. Net Lease. Except as herein specifically provided, the use and occupancy of the demised premises by Lessee shall be without cost or expense to Lessor. It shall be the sole responsibility of Lessee to keep, maintain, repair and operate the entirety of all the premises leased hereunder and all improvements and facilities thereon at Lessee's sole cost and expense. B. Maintenance. Lessee shall, at its sole cost and expense, maintain all the premises demised hereunder and the improvements and appurtenances thereto in a presentable condition consistent with good business practice in a safe, neat, sightly and good physical condition. Lessee shall repair all damages to said premises caused by its employees, patrons, or its operation thereon; shall maintain and repair all equipment thereon, including any drainage or utility installations, paving, curbs, islands, buildings and improvements, and shall repaint and - 6 - reglaze its own buildings and facilities as necessary. Upon written notice by Lessor to Lessee, Lessee shall be required to perform whatever reasonable maintenance Lessor deems necessary. If said maintenance is not undertaken by Lessee within ten (10) days after receipt of written notice, Lessor shall have the right to enter upon the demised premises and perform the necessary maintenance, the cost of which shall be borne by Lessee. Lessee agrees that in the event it shall become neces- sary to make changes within the Hangar Area covered by this lease of any wiring or similar installations, Lessee will promptly make such changes and installations at its sole ex- pense, subject to the approval of Lessor and in accordance with all applicable Federal, State and municipal laws or reg- ulations. C. Additional Improvements to Facilities. Upon completion of the improvements contemplated hereunder and subject to the prior written approval of Lessor, Lessee may make such additions, alterations and changes there- to as Lessee may find necessary or convenient for its purposes, subject to the preparation and submission of plans to Lessor prior to commencement of construction. All such additions, alterations or changes shall be performed in accordance with all local, state and federal laws, codes, ordinances and reg- ulations now in force or hereafter prescribed by authority or law. Lessee shall at its sole cost and expense obtain all - 7 - necessary permits and all labor and material bonds as provided in Article VI. Any permanent improvements constructed here- under shall become the property of Lessor upon completion of construction. D. Utilities. Lessee shall assume and pay for all costs or charges for utility services furnished to Lessee during the term hereof. E. Trash, Fire Extinguishers, etc. Lessee shall provide a complete and proper arrange- ment for the adequate sanitary handling and disposal away from the Airport, of all trash, garbage, and other refuse caused as a result of the operation of its business. Lessee shall provide and use suitable covered metal receptacles for all such garbage, trash and other refuse. Piling of boxes, car- tons, barrels, or other similar items in an unsightly or unsafe manner, on or about the demised premises, shall not be permitted. Lessee shall also provide and maintain in proper condition, readily accessible fire extinguishers, in a number and of a type approved by fire underwriters for the particu- lar hazard involved. F. Field Use Charges. Nothing herewith shall be deemed to relieve Lessee and its tenants, sublessees, patrons, invitees, and others from field use charges, including fuel flowage fees, as are levied generally by Lessor directly or indirectly upon the operation of aircraft. - 8 ARTICLE IV TERM OF LEASEHOLD The primary term of this lease shall be for a period of two years with fourteen successive two-year options to re- new; provided, however, that Lessee shall notify Lessor in writing of Lessee's intent to exercise each of said options at least ninety (90) days prior to the beginning of any option period, otherwise such option and all succeeding options shall be waived. The term shall begin on the first day of the month during which the hangar building is completed for occupancy or on the first day of the month during which, for any reason other than construction, Lessee takes possession of the demised premises, whichever comes sooner. Such beginning date shall be noted by the parties in the space provided for such nota- tion following the signatures on this lease agreement. ARTICLE V RENTAL AND FEES A. Ground Area. As consideration for the rights and privileges and the lease of the ground area demised herein, Lessee agrees to pay rental to Lessor during the primary two-year period in the total amount of Twenty-six Hundred Thirty-four and No/100 Dollars ($2,634.00) payable in advance at the office of the Airport Manager at Meacham Field in regular monthly installments of One Hundred Nine and 75/100 Dollars ($109.75) each. This rental is computed on the annual rate of three cents per square foot. The first monthly rental installment - 9 - shall be due and payable on the date this lease takes effect as established in Article IV above, but each subsequent in- stallment shall be due and payable on or before the first day of each succeeding month thereafter and shall be deemed past due on the 10th day of each month. It is contemplated that the same ground rental rates will be applied during each of the renewal periods through the first 100 months of continuous occupancy hereunder. After the expiration of the first 100 months, Lessee shall pay only the rents set out in Paragraph "C" below. B. Hangar Building. As consideration for the rights and privileges granted herein for the use of the hangar and classroom building to be constructed on the demised premises, Lessee shall pay rental during the primary two-year term hereof in the total amount of Forty-four Thousand Ten and 48/100 Dollars ($44,010.48) payable in advance at the office of the Airport Manager at Meacham Field on or before the first day of each month during the term hereof in regular monthly installments of One Thousand Eight Hundred Thirty-three and 77/100 Dollars ($1,833.77) each. This rental for the hangar and classroom building shall be payable simultaneously with the installments of rental for the ground area set out above. The amount of hangar building rental payable here- under for each of the first 100 months during the primary term and subsequent renewal periods hereof is computed so as to amortize over a period of 100 months at interest of 6-1/21 - 10 - per year the City's total cost of constructing the improve- ments described herein (less $40,000 as provided in Paragraph "E" below) . It is contemplated that the same hangar rental rates will be applied during each of the renewal periods throughout the first 100 months of continuous occupancy here- under. After the expiration of the first 100 months, Lessee shall pay only the rents set out in Paragraph "C" below. C. Rental to be Paid After 100 Months. Rental to be paid after the expiration of the first 100 months shall be $0.05 per square foot per year for 14,500 square feet of paved aircraft and vehicle parking area and $0.35 per square foot per year for 29,400 square feet of hangar and classroom building area. D. Fuel Flowage Fees. As a part of the pecuniary consideration hereof, Lessor shall be entitled to collect and Lessee agrees to pay a fuel flowage fee, as may be levied generally by Lessor from time to time, for each gallon of aviation fuel delivered on said Airport for Lessee's consumption, unless fuel flowage fee is paid by the supplier, shall be due on the first day of the month succeeding that in which the aircraft fuels are received by Lessee and shall be delinquent if unpaid before the fifteenth day of each month. E. Contribution to Cost of Construction. In addition to all other fees to be paid by Lessee, Lessee covenants and agrees to pay to Lessor the sum of $40,000 cash within ten (10) days after approval hereof by the City - 11 - Council of Fort Worth. F. Engineering and Administrative Costs. Lessee further covenants and agrees to pay to Lessor at the time the hangar and classroom building has been com- pleted and accepted an amount (not to exceed $5,000) equal to the actual administrative design and engineering costs as determined by the Public Works Director of the City of Fort Worth incurred by the City of Fort Worth in connection with the construction of the hangar and classroom building. ARTICLE VI INSURANCE A. Fire Insurance. During the full term of this lease, Lessee shall, at its sole cost and expense, cause all improvements con- structed in the demised premises to be kept insured to the full insurable value thereof against the perils of fire, windstorm, hail, explosion and like perils. Said insurance shall be procured from a company authorized to do business in the State of Texas and Lessee shall provide Lessor with evidence satisfactory to Lessor, that such coverage has been procured and is being maintained. The proceeds of any such insurance paid on account of any of the perils aforesaid, shall be used to defray the cost of repairing, restoring or reconstructing said improve- ments, as necessary, provided, however, that such proceeds shall not be devoted to such repair, restoration or recon- struction but shall be paid to Lessor if Lessor cancels this - 12 - lease pursuant to Article VII, Paragraph C(3) hereof. Property insurance policies required by this para- graph shall contain waiver of subrogation endorsements and shall contain a provision that Lessor shall be notified by the insurance company of any renewals, changes or cancella- tions of such insurance coverage by at least thirty (30) days notice to Lessor. B. Public Liability Insurance. It is specifically covenanted and agreed that Lessee enters this contract and lease and will perform all of its obligations and exercise all of its privileges hereunder at arms length as an independent contractor and that no relation- ship as agents, partners, joint adventurers or any other re- lationship implying joint liability exists or shall exist between Lessor and Lessee. The only relationship between the parties is that of Landlord and Tenant, and Lessee, as tenant, has inspected and accepts the demised premises as being suit- able for all of the purposes of this lease, and Lessee shall be solely liable as between these parties for any claim for damages or cause of action of any nature whatsoever arising out of any act or omission by Lessee or any of its agents, employees, contractors, subcontractors, students, employees, patrons or invitees in connection with any construction, maintenance, operations, use or occupancy in, of or on the demised premises or resulting from Lessee's activities under this contract and lease agreement. - 13 - Lessee shall take all steps and pay all bills neces- sary to assure that no artisan's, mechanic's or materialmen's lien or any other type of lien shall ever be imposed upon the demised premises or property of Lessor thereon arising as a result of Lessee's conduct or inactivity. Lessee shall promptly, after the execution of this lease, provide public liability insurance for personal injuries/ death growing out of any one accident or other cause in a minimum sum of Two Hundred Thousand Dollars ($200,000.00) for one person and One Million Dollars ($1,000,000.00) for two or more persons; shall provide property damage liability in- surance in a minimum sum of Five Hundred Thousand Dollars ($500,000.00) for property damage growing out of one accident or other cause; and shall provide hangar keeper's liability insurance in a minimum sum of Five Hundred Thousand Dollars ($500,000.00) except that so long as Lessee does not permit jet aircraft on the leased premises, hangar keeper's liability insurance shall be in the minimum sum of Three Hundred Thou- sand Dollars ($300,000.00) . Lessee shall maintain said insurance with insurance underwriters authorized to do business in the State of Texas and approved by Lessor. Upon request, Lessee shall furnish Lessor with a certificate from the insurance carrier showing such insurance to be in full force and effect during the entire term of this lease, or shall deposit with Lessor copies of said policies. - 14 - Said policies or certificates shall contain a provi- sion that written notice of cancellation or of any material change in said policy by the insurer shall be delivered to Lessor thirty (30) days in advance of the effective date thereof. C. Performance Bonds. Prior to the commencement of this lease, Lessee shall deliver to Lessor a surety bond in a sum at least equal to two months' rental. Said bond shall be conditioned upon the faithful performance of all terms, conditions and covenants of this lease, shall be renewable annually, and shall be kept in full force and effect for the complete term of this lease. At Lessee's option, an amount equal to the first and last month's rental may be deposited with Lessor in lieu of said performance bond. In addition, at any time that Lessee undertakes con- struction of any improvements, Lessee shall, at its own cost and expense, in compliance with Article 5160 of the Revised Civil Statutes of Texas, cause to be made, executed and de- livered to Lessor, two separate bonds, as follows: (1) Prior to the date of commencement of construction, a contract surety bond in a sum equal to the full amount of the construction contract awarded. Said bond shall be drawn in form and from such company as approved by Les- sor; shall guarantee the faithful performance of necessary construction and completion of improvements in ac- cordance with approved final plans and detailed specifications; and shall guarantee Lessor against any losses and liability, damages, expenses, claims and judgments caused by or re- sulting from any failure of Lessee to perform completely the work described as herein provided. - 15 - (2) Prior to the date of commencement of construction, a payment bond with Les- see's contractor or contractors as principal, in a sum equal to the full amount of construction contract awarded. Said bond shall guarantee payment of all wages, for labor and services en- gaged and of all bills for materials, supplied, and equipment used in the performance of said construction con- tract. ARTICLE VII TERMINATION OF LEASE, CANCELLATION, ASSIGNMENT AND TRANSFER A. Termination. This lease shall terminate at the end of the full term or any renewal hereof and Lessee shall have no further right or interest in any of the ground improvements hereby demised, except as provided in Article VIII. B. Cancellation by Lessee. This lease shall be subject to cancellation at the election of Lessee after the happening of one or more of the following events: (1) Permanent abandonment of the Airport by the City of Fort Worth and/or any duly authorized political subdivision which lawfully succeeds to or is assigned Les- sor's rights to own and/or operate same as a public airport. (2) The lawful assumption by the United States Government, or any authorized agency thereof, of the operation, control or use of the Airport, or any substantial part or parts thereof, in such a manner as to make it impossible for Lessee to carry out the terms of this lease. (3) Issuance by any court of competent juris- diction of any injunction in any way preventing or restraining the use of the - 16 - Airport, and the remaining in force of such injunction for a period of at least ninety (90) days. C. Cancellation by Lessor. This lease shall be subject to cancellation by Lessor in the event Lessee shall; (1) Be in arrears in the payment of the whole or any part of the amounts agreed upon hereunder for a period of fifteen (15) days after the time such payments become due. (2) Abandon the demised premises. (3) Fail to replace any improvements by Lessee which have been destroyed by fire, explosion, etc., within six (6) months from the date of such destruc- tion, unless such replacement be de- layed by act of God, strike or other cause beyond the control of Lessee, or, (4) Default in the performance of any of the covenants and conditions required herein (except rental payments) to be kept and performed by Lessee, and such default continues for a period of thirty (30) days after receipt of written no- tice from Lessor of said default. In any of the aforesaid events, Lessor may take im- mediate possession of the demised premises and remove Lessee's effects, forcibly, if necessary, without being deemed guilty of trespassing. Upon said entry, this Lease shall terminate or continue in effect as Lessor shall elect, and in either event, all rentals provided for herein shall become immediate- ly due and payable. Failure of Lessor to declare this lease terminated upon the default of Lessee for any of the reasons set out shall not operate to bar or destroy the right of Lessor to - 17 - cancel this lease by reason of any subsequent violation of the terms hereof. I£ at any time subsequent to the awarding of a con- tract to construct any portion of the facilities contemplated hereunder and prior to the completion of the first full two- year lease period Lessee defaults in the performance of its obligations under this lease and this lease is terminated by Lessor, Lessee covenants and agrees that it will nevertheless pay all rentals that would have become due hereunder during the first full two-year lease period. D. Assignment and Transfer. This lease shall not be assigned in whole or in part by Lessee without the prior written consent of Lessor and any attempted assignment without such prior written consent shall be void. E. Suspension of Lease. During the time of war or national emergency, Lessor shall have the right to lease the landing area of any part of said Airport to the United States Government for military use. If any such lease is executed, any provisions of this instru- ment which are inconsistent with the provisions of the lease to the Government shall be suspended. ARTICLE VIII RIGHTS UPON TERMINATION A. Personal Property. Upon termination of this lease, Lessee shall remove all personal property from the demised premises within the - 18 - thirty (30) days after said termination and return the prem- ises and improvements thereon to Lessor in a good state of repair. If Lessee fails to so remove said personal property, said property may thereafter be removed by Lessor at Lessee's expense or retained by Lessor with full title thereto vesting in Lessor. Lessee hereby grants a lien to Lessor upon all per- sonal property belonging to Lessee in or on the demised prem- ises as a possessory pledge to secure the timely performance by Lessee of all of its obligations hereunder, including the payment of rent, and in the event of default by Lessee, Lessor is and shall be empowered and authorized to seize and hold all of the personal property belonging to Lessee on the demised premises to secure such performance, to sell same at public or private sale and to apply the proceeds thereof first to pay the expenses of sale, and to pay all amounts due Lessor hereunder, holding the balance remaining, if any, subject to Lessee's order. A copy of this lease agreement shall be the only warrant required. Failure by Lessor to exercise any of its rights, powers or remedies in the event of default shall not consti- tute a waiver of any of such rights, powers or remedies in the event of any subsequent defaults, and Lessor shall not be put to any election of remedies. ARTICLE IX GENERAL PROVISIONS A. Paragraph Headings. The paragraph headings contained herein are for - 19 - convenience in reference and are not intended to define or limit the scope of any provision of this lease. B. Notices. Notices to Lessor provided for herein shall be suffi- cient if sent by registered mail, postage prepaid, addressed to Aviation Director, Greater Southwest International Airport, Fort Worth, Texas 76125, and notices to Lessee if sent by registered mail, postage prepaid, addressed to Tarrant County Junior College, Fort Worth National Bank Building, Fort Worth, Texas, or to such other addresses as the parties may designate to each other in writing from time to time. C. Successors and Assigns. All of the terms, covenants, and agreements herein contained shall be binding upon and shall inure to the bene- fit of successors and assigns of the respective parties hereto. D. Venue. The venue of any action brought on this contract shall lie in Tarrant County, Texas. IN WITNESS WHEREOF, the parties hereunto set their hands at Fort Worth, Tarrant County, Texas, this day of 1970. ATTEST: LESSOR: CITY OF FORT WORTH B /' ot - / city secretary City Manager ATTEST: LESSEE: TARRANT COUNTY JUNIOR COLLEGE DISTRICT By APPROVED AS TO FORM AND LEGALITY: City Attorney The beginning date of the primary term of this lease is � agreed to be ee'n ZA) LESSOR: ff LESSEE: s eE Z W l ;;EQ• w � W #�II� 4 � ir ld ,fie 9 d i x. PO 5 zes Zvi Us , , 18 kl � t L w �Ss se W a S F R R m City of Fort Worth, Texas Mayor and Council communication DATE REFERENCE SUBJECT: Hangar Lease at Meacham Field PAGE NUMBER with Tarrant County Junior 4/27/70 C-1721 i of College Tarrant County Junior College (TCJC) wishes to lease 43,900 square feet of un- improved land .on the west side of Meacham�Field, and .to arrange for construc- tion on the leased land of a 29,400 square foot hangar and classroom building, an 8,500 square foot aircraft parking apron and a 6,000 square foot vehicle parking lot and access roadway. TCJC will use the facility for an educational program at the airport for students attending TCJC. Construction cost for the entire facility, based on bids tabulated in M&C C-1722 (April 27, 1970) , will be $181,283. It is proposed that the cost of construction be paid in the following manner: a) Within ten days of approval of this agreement by the City Council, TCJC will deposit $40,000 with the City of Fort Worth as its share of construction costs. b) The City will pay the remaining $141,283, with financing to be pro- vided by an advance from the Capital Reserve Fund, as recommended in M&C C-1722. c) Upon completion and acceptance of the proposed facility, TCJC will pay the City for the direct design, engineering and construction supervision costs incurred by the City up to a maximum amount of $5,000. TCJC is unable to enter into an agreement such as this for a period greater than two years. Therefore, TCJC requests a two-year lease for the proposed facility with fourteen successive two-year options. TCJC would pay the City of Fort Worth: a), Three cents per square foot annually for the 43,900 square feet of leased land for the primary term of two years and for each renewal period through the first 100 months of occupancy. b) An additional $1,833.77 per month for the primary term of two years and for each renewal period through the first 100 months of occupancy. This amount is computed so as to amortize the City's total investment of $141,283 at 6;� per cent interest over a period of 100 months. Rental to be paid after the first 100 months will be five cents per square foot per year for 14,500 square feet of paved aircraft and vehicle parking area, and thirty-five cents per square foot per year for 29,400 square feet of hangar and classroom building area for a total annual consideration of $11,015. i PATE REFERENCE SUBJECT: Hangar Lease at Meacham Field PAGE NUMBER 4/27/70 with Tarrant County Junior 2 of 2 • A C-1721 College Recommendation It is recommended that the proposed hangar lease with. Tarrant County Junior College be approved, and that the City Manager be directed to execute the lease agreement on behalf of the City of Fort Worth. HDM/,je SUBMITTED BY: DISPOSITION BY COUNCIL: PROCESSED BY ❑ APPROVED ❑ OTHER (DESCRIBE) _ CITY SECRETARY / DATE CITY MANAGER August 30, 1972 Mr. Lloyd W. Preston, Aviation Director Greater Southwest International Airport lot Floor. Municipal Building Fort Worth, Texas 76125 Dear Mr. Preston: Pursuant to Article IV and Article I%, Paragraph B of the Contract and Lease Agreement entered into on the 6th day of May. 1970 between the City of Fort Worth. as Lessor, and Tarrant County Junior College District. as Lessee, (which Agreement is designated by the City of Fort 'Horth as "City Secretary Contract No. 6523"), this letter will serve as notice that Tarrant County Junior College District hereby exercises its option to renew said lease for a period of two years. Yours truly. C. A. Roberson, Vice Chancellor Administration me ccs Mr. Otto Warren Meacham Field Fort Worth, Texas Mr. Roy A. Bateman, City Secretary City of Fort Worth Fort Worth, Texas 76102 Mr. Thomas H. Law, Attorney at Law Fort Worth National Bank Building Fort Worth, Texas 76102 OCT 3 • RECD October 1, 1974 Mr. Lloyd W. Preston Meacham Field Terminal Building Room 228 Fort Worth, Texas 76106 Dear Mr. Preston: Pursuant to Article IV and Article IX, Paragraph B of the Contract and Lease Agreement entered into on the 4th day of May, 1970, between the City of Fort Worth, as Lessor, and Tarrant County Junior College District, as Lessee, (which Agreement is designated by the City of Fort Worth as "City Secretary Contract No. 6523") , this letter will serve as notice that Tarrant County Junior College District hereby exercises its option to renew said lease for a period of two years. Yours truly, C. A. Roberson, Executive Vice Chancellor js cc Mr. Roy A. Bateman, City Secretary City of Fort Worth Fort Worth, Texas 76102 mss. AMIML 4 December 1970 Tarrant County Junior College District Mr. C. A. Robertson, vice Chancellor 1400 Fort Worth National Bank Building Fort Worth, Texas Dear Mr. Robertson: December 1, 1970, will be the beginning date of the primary term of Tarrant County Junior College Hangar Lease #6523, Meacham Field. Please take note and insert this date in the space provided on the last page of Tarrant County Junior College' s lease. All future references as to rental payments and length of lease term will be calculated from December 1, 1970. We welcome Tarrant County Junior College to Meacham Field and hope this agreement will prove profitable to all parties concerned and that our relationship will be most cooperative through the tenure of this lease. Yours truly, Otto J. Warren Manager, Meacham Field OJW/wm