HomeMy WebLinkAboutContract 44109-AD1 CI`T`Y 8ECRETARY
CONTRACT NO.
ADDENDUM TO
LICENSE AGREEMENT WITH BEHRINGER HARVARD BURNETT PLAZA
LP
(CITY SECRETARY CONTRACT NO. 44109)
This Addendum ("Addendum") is made and entered into by and between
BURNETT PLAZA LP, a Texas limited partnership f/k/a BEHRINGER HARVARD
BURNETT PLAZA LP ("Licensor"), acting by and through Robert H. Thomas, Jr., and
CITY OF FORT WORTH, a Texas home-rule municipal corporation ("Licensee"), acting
by and through Jesus J. Chapa, its duly authorized Assistant City Manager,
RECITALS
A. On December 18, 2012 (via M&C C-26012), the City Council authorized
execution of a license agreement with Behringer Harvard Burnett Plaza LP, for the
operation of IT facilities at 800 and 801 Cherry Street, known as Burnett Plaza ("Burnett
Plaza"), and the parties executed License Agreement (City Secretary Contract No. 44109)
("License").
AGREEMENT
In consideration of the mutual covenants contained in this Addendum, Licensor
and Licensee agree to amend Paragraph 5. Rental of the License to specify annual rents
for the each of the two (2) successive (5) year renewal terms as follows:
816 Rentable Square Feet Annual Annual Monthly
First Renewal Term: 1% Annual Increases Rate/RSF License Fee License Fee
November 1,2017 through October 31,2018 $ 27.33 $ 22,301.77 $ 1,858.48
November 1, 2018 through October 31, 2019 $ 27.60 $ 22,524.79 $ 1,877.07
November 1, 2019 through October 31,2020 $ 27.88 $ 22,750.04 $ 1,895.84
November 1,2020 through October 31, 2021 $ 28.16 $ 22,977.54 $ 1,914.79
November 1, 2021 through October 31, 2022 $ 28.44 $ 23,207.31 $ 1,933.94
Second Renewal Term: 1% Annual Increases
November 1,2022 through October 31, 2023 $ 28.72 $ 23,439.38 $ 1,953.28
November 1, 2023 through October 31,2024 $ 29.01 $ 23,673.78 $ 1,972.81
November 1,2024 through October 31, 2025 $ 29.30 $ 23,910.52 $ 1,992.54
November 1, 2025 through October 31, 2026 $ 29.60 $ 24,149.62 $ 2,012.47
November 1,2026 through October 31,2027 $ 29.89 $ 24,391.12 $ 2,032.59
QM A 2 3 4 'All other terms of this license agreement remain in effect.
V RECEIVED
JAN 2 7 �.;��f -
OFFICIAL RECORD
p CITY OF FORT WORTH Addendum to License with Burnett Plaza LP, CSO 44109 CITY SECRETARY
CITY SECRETARY Page 1 of 2
`z FT.WORTH,Tx
This Addendum shall be effective on , 2017.
LICENSOR:
BURNETT PLAZA LP
a Texas limited partnership
By: Burnett Plaza GP, LLC,
a Delaware limited liability company
Its general partnex-
By.
Name: Robert H. Thomas, Jr.
Title: Senior Vice President
Date: .)AN . t 7 , 2-c17
LICENSEE:
CITY OF FORT WORTH,
a Texas municipal corporation ATTEST:
By:
Jesus J. Chapa V
City Se ry
Assistant City Manager
;"RO�VED AS TO FORM AND LEGALITY: `�„� OF. Fp��
O
Senior Assistani City Attorney
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.
Na e of Employee
Title
OFFICIAL RECORD
CITY SECRETARY
Addendum to License with Burnett Plaza LP,CSO 44109 FT.WORTH,TX
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