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HomeMy WebLinkAboutContract 33519 CITY SECRETARY CONTRACT NO , . RENEWAL AGREEMENT CITY SECRETARY CONTRACT NO. 11628 FORT WORTH MEACHAM INTERNATIONAL AIRPORT UNIMPROVED GROUND LEASE This RENEWAL AGREEMENT ("Agreement") is made and entered into by and between the CITY OF FORT WORTH ("Lessor"), a home rule municipal corporation organized under the laws of the State of Texas and situated in portions of Tarrant and Denton Counties, Texas, acting by and through Marc Ott, its duly authorized Assistant City Manager, and TEXAS AVIATION ENGINEERING ("Lessee"), acting by and through Mr. Uel Stephens, its duly authorized Owner. Recitals The following statements are true and correct and form the basis of this Agreement: A. Lessor and Lessee previously entered into City Secretary Contract ("CSC") No. 11628, (collectively the "Lease"), an Unimproved Ground Lease Site 50-S at Fort Worth Meacham International Airport ("Airport") and agreement giving Tenant the right to store aircraft on such property at the Airport. The Lease commenced on January 1, 1981 and expired on December 31, 2005, subject to renewal at Lessee's option for two (2) consecutive terms of five (5) years each. B. The Lease has not been previously renewed. In accordance with the provisions of the Lease, Lessee has properly exercised its first (1S) option to renew the Lease for a five (5) year period. Agreement 1. The Lease is hereby renewed and extended for a term of five (5) years, commencing on January 1, 2006 and expiring on December 31, 2011. 2. All other terms and conditions of the Lease shall remain in full force and effect. IN WITNESS WHEREOF Lessor and Lessee have executed four(4) duplicate original copies of this Agreement on this day of'" l , 2006. U o •''L11.�111�� G a CITY OF FORT W H: TEXAS AVIATION ENGINEERING: Marc Ott Uel Stephens Assistant City Manager Owner ATTEST: ATTEST: By: By: City Secretary APPROVED AS TO FORM AND LEGALITY: By: Maleshia Farmer Assistant City Attorney M& C: C-21281 1-31-2006 M 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 Uel Stephens,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 Texas Aviation Engineering and that he executed the same as the act of Texas Aviation Engineering for the purposes and consideration therein expressed and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE this day of JbIA 2006. ' ADRIANA MOI;` Notary tary Public in and for the State of Texas uiy comm.Expires 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 Marc Ott,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. * GIVEN UNDER MY HAND AND SEAL OF OFFICE this day of 2006. 1:04r � Not Public in and for the State of Texas HETTlE LANE MY COMMISSION EXPIRES July 26,2007 3 Page 1 City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 1/31/2006 DATE: Tuesday, January 31, 2006 LOG NAME: 55TEXAVENG REFERENCE NO.: **C-21281 SUBJECT: Authorize Execution of a Five Year Lease Extension of City Secretary Contract No. 11628 with Texas Aviation Engineering for Unimproved Ground Lease Site 50-S at Fort Worth Meacham International Airport RECOMMENDATION: It is recommended that the City Council authorize the City Manager to execute a five year lease extension with Texas Aviation Engineering for Unimproved Ground Lease Site 50-S at Fort Worth Meacham International Airport. DISCUSSION: City Secretary Contract (CSC) No. 11628, a 25-year ground lease of unimproved property, was executed on January 1, 1981, (M&C C-5442) and expired on December 31, 2005. City staff received a request from Mr. Uel Stephens, owner of Texas Aviation Engineering, to execute the first of two, five-year extensions in accordance with the lease agreement. In accordance with the established schedule of rates and charges, this lease site of 3,120 square feet will generate revenue of$686.40 per year, or $57.20 monthly. The lease will provide for a five-year term with one five-year option to renew. The initial term of the lease will commence upon the date of execution. Rental rates shall be subject to an increase on October 1st of any given year to reflect the upward percentage change, if any, in the Consumer Price Index for the period since the last adjustment. All agreement terms will be in accordance with City and Aviation Department policies. The property is located in COUNCIL DISTRICT 2. FISCAL INFORMATION/CERTIFICATION: The Finance Director certifies that the Revenue Office of the Finance Department will be responsible for the collection and deposit of funds due to the City under this agreement. TO Fund/Account/Centers FROM Fund/Account/Centers PE40 491352 0551101 $686.40 Submitted for City Manager's Office IbT. Marc Ott (8476) Originating Department Head: Mike Feeley (5403) Additional Information Contact: Mike Feeley (5403) http://www.cfwnet.org/council_packet/Reports/mc_print.asp 5/24/2006