HomeMy WebLinkAboutContract 24261 CITY SECRETARY _,I
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COMMUNITY FACILITIES AGREEMENT
This COMMUNITY FACILITIES AGREEMENT ("Agreement") is entered into by
and between the CITY OF FORT WORTH (the "City" or "Lessor"), a home rule municipal
corporation situated in portions of Tarrant and Denton Counties, Texas, acting by and through
Ramon Guaj ardo, its duly authorized Assistant City Manager, and KIMBELL, INC,
("Developer" or "Lessee"), a Nevada corporation acting by and through Joe K. Pace, its duly
authorized President, and Developer's lawful successors and/or assigns.
Recitals
The following preliminary statements are true and correct and form the basis for this
Agreement:
A. The City and Developer previously executed an Unimproved Ground Lease Agreement
("Lease") for the lease and demise of certain real property at Fort Worth Spinks Airport
("Airport"), owned in fee simple by the City and situated in portions of Tarrant and Johnson
Counties, Texas. The Lease is a public document on file in the City's City Secretary's Office as
City Secretary Contract No. 24041. This real property is identified in the Lease as the Premises
and depicted in Exhibit "A" of the Lease.
B. The Lease contemplates that the City will provide various work ("Lessor
Improvements") and that Developer will provide various work and make certain improvements
to the Premises ("Mandatory Improvements"). Lessor Improvements and the Mandatory
Improvements are generally described in the Lease. The Lease allows the City and Developer to
execute a separate Community Facilities Agreement to address Lessor Improvements and the
Mandatory Improvements specifically. The City and Developer now wish to enter into this
Agreement to address Lessor Improvements and the Mandatory Improvements, and the City's
and Developer's respective responsibilities regarding Lessor Improvements and the Mandatory
Improvements in greater detail.
Agreement
Therefore, in consideration of the mutual recitals, covenants, promises and obligations
contained herein, the City and Developer agree as follows:
1. INCORPORATION OF THE LEASE.
The Lease is hereby incorporated by reference as part of this Agreement for all purposes
and shall supplement this Agreement in all respects. In the performance of its obligations under
this Agreement, Developer shall fully comply with all additional conditions and provisions of the
Lease and all additional conditions and provisions of the Lease shall be a part of this Agreement.
The City and Developer hereby specifically agree that if there is a conflict between the terms,
conditions and provisions of the Lease and the terms, conditions and provisions of this
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Agreement, the Lease shall control; provided, however, that if there is a conflict between Section
13 of the Lease (Indemnification) and Section 7 of this Agreement (Indemnification), Section 7
of this Agreement shall control. Capitalized terms used but not otherwise defined in this
Agreement shall have the same meanings as those in the Lease.
2. CONSTRUCTION OF MANDATORY IMPROVEMENTS.
Pursuant to and in accordance with the Lease, and specifically with Section 4 of the
Lease, and in accordance with the terms, provisions and conditions of this Agreement, Developer
shall make the following Mandatory Improvements on the Premises:
2.1. Hangar Buildings.
Developer, at Developer's sole cost and expense, shall enter into a contract with a
contractor ("Buildings Contractor") for the construction and installation of seven (7)
metal hangar buildings and associated concrete hangar piers and concrete hangar slabs
(collectively the "Buildings") at an estimated cost of $770,000.00 and in accordance
with the plans and specifications for Hangars 1-7 in the Proposed Partial Revision to
Airport Layout Plan, "T" Hangar Development, prepared by Nader Design Group and
dated September 1, 1998 ("General Plans and Specifications"), on file in the City's
Department of Aviation and hereby incorporated by reference as part of this Agreement
for all purposes. The contract between Developer and the Buildings Contractor shall
require that all work which the Buildings Contractor does at the Airport shall conform to
and comply with the terms and conditions of the Lease and this Agreement. All
provisions of the Lease and this Agreement that pertain to the Mandatory Improvements
shall be deemed to be included in the contract between Developer and the Buildings
Contractor whether or not such provisions are physically included in such contract.
Developer shall have title to the Buildings upon the completion of the Buildings, but such
title shall vest to the City upon termination or expiration of the Lease.
2.2. Main Work.
In accordance with Section 5.2 of this Agreement and § 252.021 et. seq. of the
Texas Local Government Code and other applicable Texas statutes, City ordinances, City
policies and City practices relating to competitive bidding, Developer shall enter into a
contract with a contractor ("General Contractor"), employed by Developer and
approved by the City in writing, for all work set forth and shown in the General Plans and
Specifications, excluding the Buildings (the "Main Work"). The Main Work is further
enumerated, listed, evaluated and estimated on Exhibit "B" of the Lease. The City must
also approve in writing the conditions and provisions of the contract between the
Developer and the General Contractor for the Main Work prior to execution of the
contract. The contract between Developer and the General Contractor shall require that
all work which the General Contractor does at the Airport shall conform to and comply
with the terms and conditions of the Lease and this Agreement. All provisions of the
Lease and this Agreement that pertain to the Mandatory Improvements shall be deemed
Community Facilities Agreement between
City of Fort Worth and Kimbell,Inc.
Page 2
to be included in the contract between Developer and the General Contractor whether or
not such provisions are physically included in such contract. Upon completion of the
Main Work, title to all facilities constructed and improvements constituting the Main
Work shall vest at all times in the City, and Developer hereby relinquishes any right, title
or interest in and to such facilities and/or improvements or any part thereof.
2.3. Division of Construction Costs for Main Work.
The construction costs of the Main Work is estimated to be $1,195,635.00. The
City and Developer hereby agree to pay their respective proportionate shares or
percentages of these costs as set forth in and in accordance with Exhibit "B" of the Lease
and the procedures set forth herein.
2.3.1. Cash Deposit by Developer.
As allowed by Section 4.6 of the Lease, Developer shall place a cash
deposit in an amount equal to 125% of Developer's share of the costs for the Main
Work as set forth in Exhibit "B" of the Lease in escrow with a financial institution
in the City of Fort Worth that is acceptable to the City (the "Cash Deposit"). If
at any time the amount of Developer's share of such costs increases or decreases
from that amount set forth in Exhibit "B" of the Lease, Developer shall adjust the
Cash Deposit accordingly.
2.3.2. Releases and Reimbursements.
Developer shall be solely and exclusively responsible for payment to the
General Contractor for all of the Main Work, including those portions of the Main
Work whose costs are the City's responsibility. Developer may make and the City
periodically will authorize release of withdrawals from the Cash Deposit in order
to pay the General Contractor the actual cost for the respective portion or item of
the Main Work completed and following (i) written approval and inspection by
the City of that item of the Main Work and (ii) evidence acceptable to the City
that Developer has paid the General Contractor for that work. If Developer pays
the General Contractor for an item of the Main Work and the City is responsible
for a portion or all of the costs of that item of the Main Work, Developer may
obtain reimbursement from the City for the City's portion of the actual cost of
such work following (i) written approval and inspection by the City of that work
and (ii) evidence acceptable to the City that Developer has paid the General
Contractor for that work; provided, however, that Developer agrees that, except
for a final payment upon completion of the Main Work, the City shall make such
reimbursements to Developer not more than twice in any given month.
2.3.3. Change Orders.
The City's and Developer's respective costs as well as the provisions of
this Agreement are subject to change only by a written change order ("Change
Community Facilities Agreement between
City of Fort Worth and Kimbell,Inc.
Page 3
Order") that authorizes a change in the Main Work or adjusts the cost or time for
completion of the Main Work and is signed by the Developer, General Contractor
and the City, following all necessary approvals by the City's City Council, in
advance of the event that necessitates or calls for the Change Order. If a Change
Order reduces the cost of any portion of the Main Work, the City's and
Developer's financial obligations hereunder shall be reduced by the proportionate
shares of responsibility by line item as set forth in Exhibit "B" of the Lease. If a
Change Order increases the cost of any portion of the Main Work, the City's and
Developer's financial obligations shall be increased (i) as addressed in the Change
Order or (ii) if not addressed in the Change Order, as measured by the
proportionate shares of responsibility by line item as set forth in Exhibit "B" of
the Lease.
2.3.4. True-Up.
Upon completion of the Main Work, the City's and Developer's estimated
participation in the costs, as set forth in Exhibit "B" of the Lease, shall be adjusted
to equal the actual final costs in accordance with this Section 2.3.4. If Developer
is due any kind of refund from the City, the City will make the refund only if(i)
Developer has fulfilled its obligations under this Agreement to the reasonable
satisfaction of the City and (ii) the refund due exceeds $25.00. If the difference
between a deposit made by Developer and the parties' respective payments and
actual costs exceed $25.00, the Developer agrees to refund to the City any
underpayment and the City agrees to pay or refund to Developer any over
payment; provided, however, that the City shall not be liable to the Developer for
any payment in excess of the City's estimated participation in the costs of the
Main Work, as set forth in Exhibit "B" of the Lease, unless and until the City's
City Council separately and formally approves payment of such costs to the
Developer.
3. FINANCIAL GUARANTEES.
Notwithstanding anything to the contrary in this Agreement, prior to the initiation of
construction work at the Airport, including without limitation construction work for the
Buildings and the Main Work, Developer shall provide the City with bonds, a cash deposit or an
assignment of a certificate of deposit, as the case may be, in accordance with Section 4.6 of the
Lease and require its contractors, including without limitation the Buildings Contractor and the
General Contractor, to provide bonds in accordance with Section 4.7 of the Lease. All bonds
furnished hereunder shall (i) be provided by a licensed surety company whose name appears on
the current United States Treasury list of acceptable sureties (the "List"); (ii) for an amount not
to exceed the amount shown on the List and issued on forms furnished by that surety company
and; (iii) on forms issued by that surety. In addition, all bonds furnished hereunder shall be
subject to review and advance written approval by the City's City Attorney or designee and
conditioned upon Developer's fulfillment of its obligations under this Agreement to the City's
reasonable satisfaction.
Community Facilities Agreement between
City of Fort Worth and Kimbell,Inc.
Page 4
4. PROCEDURES FOR CONSTRUCTION OF BUILDINGS.
In addition to any other requirements regarding construction of the Buildings that may be
set forth in the Lease and this Agreement, Developer agrees to comply fully with the following
procedures regarding the construction of the Buildings:
4.1. Approval of Contractors.
Prior to Developer's employment or contracting with any contractor for
performance of any work at the Airport, Developer shall receive the advance written
approval of such contractor by the directors of the City's Departments of Aviation or
Engineering. Such approval shall not be unreasonably withheld, delayed or conditioned.
4.2. Qualification of Contractors.
All contractors must meet the City's then-current insurance, licensing and bonding
requirements at all times while the contractors are on Airport property.
4.3. Notice and Inspections.
Developer shall provide or ensure provision of at least forty-eight (48) hours'
advance notice to the director of the City department that has jurisdiction over the
respective improvement or facility to be constructed prior to the initiation or undertaking
of such construction. Developer and its contractor shall allow the City, its employees and
agents to inspect the respective improvement or facility under construction at any time to
determine compliance with all applicable laws, ordinances, codes, rules and regulations.
5. PROCEDURES FOR MAIN WORK.
In addition to any other requirements regarding the Main Work that may be set forth in
this Agreement, Developer agrees to comply fully with the following procedures regarding the
Main Work:
5.1. Incorporation of Section 4.
Developer shall comply with all requirements set forth in Section 4; 4.1; 4.2; and
4.3 of this Agreement for purposes of the Main Work.
5.2. Competitive Bidding,
Developer shall advertise, bid and award the contract with the General Contractor
for the Main Work in accordance with § 252.021 et. seq. of the Texas Local Government
Code and other applicable Texas statutes, City ordinances, City policies and City
Community Facilities Agreement between
City of Fort Worth and Kimbell,Inc.
Page 5
practices relating to competitive bidding. Advertisement of the contract for the Main
Work must appear in a local newspaper of general circulation in the City at least twice.
The second publication must appear in such newspaper at least ten (10) business days
prior to the first date that respondents may submit their bids. All bids received must be
opened by an officer or employee of the City at or in an office of the City. It is expressly
understood by and between the Developer and the City that in the event the Developer
elects to award one single construction contract for the Main Work, the contract shall be
separated in the bidding and the City's financial participation in the Main Work shall be
limited to the lowest possible combination of bids as if each line item of work set forth in
Exhibit "B" of the Lease were awarded as separate contracts.
5.3. Approval of Payments to Contractors.
Developer shall obtain advance written approval from the director of the City
department that has jurisdiction over the respective facility or improvement of any partial
or final payment to a contractor. This approval shall be subject to and in accordance with
the terms, conditions and provisions of this Agreement, but shall not in any way
constitute the City's approval of the amount of such payment for purposes of Section 3 of
this Agreement.
6. INSURANCE.
In addition to the insurance requirements set forth in the Lease, Developer shall procure,
prior to the initiation of any of the Main Work, a policy or policies of insurance for the types of
coverage and at limits specified in this Section 6, naming the City as an additional insured, and
maintain such insurance in full force and effect until all required certificates of occupancy for
the Buildings have been issued. Developer hereby agrees that until all required certificates of
occupancy for the Buildings have been issued, all insurance policies carried by Developer
pursuant to the Lease and this Section 6 shall have a deductible or self-insurance amount of no
more than $25,000.
• Builders Risk:
Developer shall require its contractors to obtain builder's risk insurance, with limits in the
amount of all contracts for the Main Work and construction of the Buildings, against the
following perils at a minimum: fire, lightning, windstorm, hurricane, hail, riot, explosion,
civic commotion, smoke, aircraft, land vehicles, vandalism, malicious mischief, flood and
earthquake. This insurance shall also cover (i) materials and supplies in the course of transit
and while in storage, either on or off the Premises and (ii) consequential damages due to
faulty workmanship and/or design.
Community Facilities Agreement between
City of Fort Worth and Kimbell,Inc.
Page 6
• Workers Compensation:
Developer shall require its contractors to obtain worker's compensation insurance with limits
at the statutory limits established by Texas law and with a waiver of subrogation
endorsement in favor of the City.
7. INDEMNIFICATION:
DEVELOPER SHALL BE LIABLE AND RESPONSIBLE FOR ANY AND ALL
PROPERTY LOSS, PROPERTY DAMAGE AND/OR PERSONAL INJURY, INCLUDING
DEATH, TO ANY AND ALL PERSONS, OF ANY KIND OR CHARACTER, WHETHER
REAL OR ASSERTED, TO THE EXTENT CAUSED BY THE NEGLIGENT ACT(S) OR
OMISSION(S) OR INTENTIONAL MISCONDUCT OF DEVELOPER, ITS OFFICERS,
AGENTS, SERVANTS, EMPLOYEES, CONTRACTORS AND/OR SUBCONTRACTORS.
IN ADDITION, DEVELOPER, AT DEVELOPER'S OWN EXPENSE, SHALL
INDEMNIFY, DEFEND AND HOLD HARMLESS THE CITY, ITS OFFICERS, AGENTS,
SERVANTS AND/OR EMPLOYEES FROM AND AGAINST ANY CLAIM, SUIT, DEMAND
OR ACTION TO THE EXTENT THAT THE SAME ARISES, IN WHOLE OR IN PART,
FROM THE NEGLIGENT ACT(S) OR OMISSION(S) OR INTENTIONAL MISCONDUCT
OF DEVELOPER, ITS OFFICERS, AGENTS, SERVANTS, EMPLOYEES,
CONTRACTORS OR SUBCONTRACTORS.
8. COMPLIANCE WITH LAWS, ORDINANCES RULES AND REGULATIONS.
In addition to the requirements of Section 19 of the Lease, Developer covenants and
agrees to comply fully with the City's Policy for the Installation of Community Facilities, dated
September 1992 and on file in the City's City Secretary's Office ("Policy"). The Policy is
hereby incorporated herein by reference for all purposes.
9. NON-DISCRIMINATION COVENANT.
In addition to the requirements of Section 20 of the Lease, in any contractual arrangement
with a third party relating to the Main Work or construction of the Buildings, Developer shall
require its contractor to comply with the City's non-discrimination ordinances as set forth in
Chapter 17 of the City's City Code.
10. VENUE.
If any action, whether real or asserted, at law or in equity, arises on the basis of any
provision of this Agreement, venue for such action shall lie in state courts located in Tarrant
County, Texas, or in the United States District Court for the Northern District of Texas, Fort
Community Facilities Agreement between
City of Fort Worth and Kimbell,Inc.
Page 7
Worth Division. This Agreement shall be construed in accordance with the laws of the State of
Texas.
11. HEADINGS NOT CONTROLLING.
Headings and titles used in this Agreement are for reference purposes only and shall not
be deemed a part of this Agreement.
12. TERMINATION.
This Agreement is contingent on Developer's ability to obtain any variances or other
official consents from the City that may be necessary to implement Developer's plans for
parking on the Premises as provided in the General Plans and Specifications. In the event that
the City does not grant such variances or official consents, Developer may terminate this
Agreement by providing written notice to the City within thirty (30) days following the date of
the City's denial of such variances or official consents. Developer's lawful termination of this
Agreement under this Section 12 shall also be deemed as Developer's termination of the Lease
under Section 14.6 of the Lease. In addition, in the event that the Lease is lawfully terminated,
this Agreement shall automatically terminate on the effective date of termination of the Lease.
13. ENTIRETY OF AGREEMENT.
This written instrument, including any documents attached hereto or incorporated herein
by reference, and the Lease contain the entire understanding and agreement between Lessor and
Lessee, its assigns and successors in interest, as to the matters contained herein. Any prior or
contemporaneous oral or written agreement is hereby declared null and void to the extent in
conflict with any provisions of this Agreement or the Lease. The terms and conditions of this
Agreement shall not be amended unless agreed to in writing by both parties and approved by the
City's City Council if required by the City's City Code.
IN WITNESS WHfREQj, the parties hereto have a ecuted this Lease in multiples, this
•� day of , 19 .
CITY OF FORT WORTH: KIMBELL, INC.
By: ��
Ramon Guajardo 3 e K. Pace
Assistant City Manager President
Community Facilities Agreement between
City of Fort Worth and Kimbell,Inc.
Page 8
ATTEST: ATTEST:
By: By: �✓ ��
Gloria Pearson
City Secretary
APPROVED AS TO FORM AND LEGALITY:
By:
Peter Vaky
Assistant City Attorney Contract Authorization
a- / 7 -gF
M&C: L-12192 2-17-98 Date
Community Facilities Agreement between
City of Fort Worth and Kimbell,Inc.
Page 9
STATE OF TEXAS §
COUNTY OF TARRANT §
BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, on
this day personally appeared Joe K. Pace, known to me to be the person whose name is subscribed
to the foregoing instrument, and acknowledged to me that the same was the act of Kimbell, Inc.,
and that he executed the same as the act of the Kimbell, Inc., for the purposes and consideration
therein expressed and in the capacity therein stated. G
GIVVN UNDER MY HAND AND SEAL OF OFFICE this D day
, 19
qj
DEANNA DOCKEN
��a a T Notary Public in and for the State of Texas
E�l,2s,Z00f
STATE OF TEXAS §
COUNTY OF TARRANT §
BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, on
this day personally appeared Ramon Guajardo, known to me to be the person whose name is
subscribed to the foregoing instrument, and acknowledged to me that the same was the act of the
City of Fort Worth and that he executed the same as the act of the City of Fort Worth for the
purposes and consideration therein expressed and in the capacity therein stated.
�1 GIVEN UNDER MY HAND AND SEAL OF OFFICE this day
-L)-Lzh-'tivL�i�L_� —' 19 cp .
r
ice,
SARAH JANE ODLE Nary Public indor the State of Texas
* * NOTARY PUBLIC
State of Texas
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City of Fort Worth, Texas
4VInlgor And Cou"cit Communicatio"
DATE REFERENCE NUMBER LOG NAME PAGE
2/17/98 2192T 55CFA 1 of 3
SUBJECT GROUND LEASE AGREEMENT WITH KIMBELL, INC. AT FORT WORTH SPINKS
AIRPORT AND RELATED COMMUNITY FACILITIES AGREEMENT
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached supplemental appropriation ordinance increasing appropriations in the General
Fund by $239,866.10 and decreasing the unreserved, undesignated fund balance .by- the same
amount, and
2. Adopt the attached supplemental appropriation ordinance increasing estimated receipts and
appropriations in the General Fund by$63,309.59 from available funds, and
3. Authorize the transfer of $303,175.69 from the General Fund to the Aviation Improvement Capital
Projects Fund, and
4. Adopt the attached supplemental appropriation ordinance increasing the estimated receipts and
appropriations in the Insurance Fund by$179,183.35 from available funds, and
5. Authorize the transfer of $179,183.35 from the Insurance Fund to the Aviation Improvement
Capital Projects Fund, and
6. Authorize a non-interest bearing interfund loan from the General Fund to the Airport Operating Fund in the
amount of$271,151.96, and
7. Adopt the attached appropriation ordinance increasing appropriations in the Airport Operating Fund by
$271,151.96, and
8. Authorize the transfer of$271,151.96 from the Airport Operating-Fund.to the Aviation Improvement Capital
Projects Fund, and
9. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Aviation Improvement Capital Projects Fund by$753,511.00, and
Authorize the City Manager to execute a Ground Lease Agreement and a Community Facilities
Agreement with Kimbell, Inc. for the construction of T-hangars at Fort Worth Spinks Airport.
DISCUSSION:
Kimbell, Inc., a locally owned and operated company based in Fort Worth, proposes to build T-hangars at
Fort Worth Spinks Airport. In Phase 1, Kimbell, Inc. will build 58 single-engine T-hangar units, 8 twin-
engine T-hangar units, and an aircraft wash rack on a lease site of approximately 300,000 square feet.
The site is located in the southwest comer of Fort Worth Spinks Airport. Although the Spinks Airport
Master Plan Update recommends that the area be developed for conventional hangars and commercial
aviationrndustrial use, staff does not object to the proposed change in the Airport Layout Plan. The
change will be submitted to the Federal Aviation Administration (FAA)for approval. FAA has been briefed
on the proposed development.
City of Fort Worth, Texas
44javor And Council Communication
DATE REFERENCE NUMBER LOG NAME PAGE
2/17/98 L-12192 55CFA 2 of 3
SUBJECT GROUND LEASE AGREEMENT WITH KIMBELL, INC. AT FORT WORTH SPINKS
AIRPORT AND RELATED COMMUNITY FACILITIES AGREEMENT
In October 1996, a windstorm destroyed a 6 T-hangar unit on the east side of the Airport. Following that
damage, the City Building Official ordered that the remaining 52 T-hangars be demolished or vacated and
locked by April 15, 1997, due to substandard conditions. In order to keep the remaining units occupied as
long as possible, the City Council approved the expenditure of $46,000.00 in May 1997, to reinforce the
hangars to handle greater wind loads.until-new T-hangars could be built.. The City Building Official then
extended the date of demolition to April 15, 1998.
Due to the particular nature of this situation, and the City's desire to replace the substandard hangars,
staff recommends the following terms and conditions of the proposed development and 30-year lease with
Kimbell:
1. The total cost of the development is estimated to be $1,965,635.00, subject to actual bid
award. The City's estimated portion will be $753,511.00. Kimbell will be responsible for the
remainder, estimated to be$1,212,124.00.
2. Kimbell will lease approximately 300,000 square feet of unimproved ground at the current
approved rate of $.10 per square foot, totaling $30,000.00 per year for the first twenty years.
Total revenue for the first 20 years will be $600,000.00.
3. During years 21 through 25, Kimbell will pay $.12 per square foot for unimproved ground.
Total revenue per year will be $36,000.00. Total revenue for years 21 through 25 will be
$180,000.00.
4. During years 26 through 30, Kimbell will pay $.14 per square foot for unimproved ground.
Total revenue per year will be $42,000.00. Total revenue for years 26 through 30 will be
$210,000.00.
5. Total revenue back to the City over the initial 30 year term of the agreement will be
$990,000.00, $236,489.00 over the original investment of$753,511.00.
6. The City will pay for all taxiways and paved areas between the hangars except the T-hangar
pads. Kimbell will pay for all T hangar buildings and related costs, including the concrete pads
on which they sit.
7. Kimbell will have the option to renew the lease for two successive five-year terms after the
expiration of the initial thirty-year term at the hangar rental rates in effect at the time of the
renewal. Other terms and conditions for these renewal periods will be negotiated at that time.
8. Kimbell will have a right of first refusal on the property north from the initial development to the
FBO hangar (but not including the FBO hangar), approximately 440,600 square feet and, for
such right of first refusal, will pay at a rate of$.01 per square foot. The portion of this section
directly north of the original development, Phase II, will last for a period of one year. Kimbell's
right of first refusal to lease the portion immediately south of the FBO hangar, Phase ill,will be
for a period of two years.
City of Fort Worth, Texas
41De1.q0V And council commu"icatio"
DATE REFERENCE NUMBER LOG NAME PAGE
2/17/98 L-12192 55CFA 3 of 3
SUBJECT GROUND LEASE AGREEMENT WITH KIMBELL, INC. AT FORT WORTH SPINKS
AIRPORT AND RELATED COMMUNITY FACILITIES AGREEMENT
9. The current tenants in the T-hangar that will be demolished will be given priority by Kimbell to
lease the new hangars as they become available.
10. The development plan will be subject to Federal Aviation Administration airspace review. All
other terms and conditions will conform to standard Aviation Department policies.
11. The City and Kimbell will execute a Community Facilities Agreement that specifies the
obligations of the parties with respect to the actual development of the premises leased by
Kimbell under the proposed ground lease.
FISCAL INFORMATION/CERTIFICATION:
The Director of Fiscal Services certifies that upon approval of the above recommendations and adoption of
the attached appropriation ordinance, funds will be available in the current operating budget, as
appropriated, of the Aviation Improvement Capital Projects Fund. Upon completion of this
recommendation, the unreserved, undesignated fund balance of the General Fund will be $21,108,784.00,
which is $6,898,484.00 below the 10% minimum reserve fund balance of $28,007,268.00 required by the
City's Financial Management Policy Statements.
RG:m
1 :31 ��336
A�o�in�s r� i,tanie N0.13 5 �. s�K-,, ,,,.
submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: to
1)GG01 538070 0909103 $239,866.10
Ramon Guajardo 6140 2)GG01 481306 0134020 63,309.59
Originating Department Head: 2)GG01 538070 0909103 63,309.59
3)GC24 472001 055240438230 $303,175.69
4 FE71 481082 0157100 $179,183.35
4)FE71 538070 0157100 $179,183.35
5)GC24 472071 055240438230 179,183.35
8)GC24 472040 055240438230 $271,151.96 --
7) PE40 538070 0554000 271,151.96
6 P 40 220001 0000000 271,151.96
9 24 472040 055240438230 753,511.00
9 24 539120 055240438230 753,511.00 �IhOT 'Q`"'* '§"'IS'
Lisa A. Pyles 5403 from
6)GG01 136040 0000000 $271,151.96
Additional Information Contact: 10)GC24 539120 055240438230 $753,511.00
8 PE40 538070 0554000 $271,151.96
3 01 53807T 0909103 --$-30-TI 75.6
Lisa A. Pyles 5403 5 FE 11 538070 0157100 $179,183.35