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Home My WebLink AboutContract 19353-R1 m� $9101 �2 CITY SECRETARY a 4 '4� CONTRACT N0. � N RECEIVED ; RENEWAL AGREEMENT AUG 18 7 — CITY SECRETARY CONTRACT NO. 19353 �a CITYOFFORTWORTHW o RENEWAL OPTION NO. 1 CITYSECRETARY moo, `' ORT WORTH MEACHAM INTERNATIONAL AIRPORT 2�<< O t 6 a L GROUND LEASE HANGAR 10S-B This RENEWAL AGREEMENT(Lease")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 STANLEY C. THOMAS ("Lessee"), an individual. RECITALS The following statements are true and correct and form the basis of this Agreement. WHEREAS, On or about October 5, 1992,Lessor and Lessee entered into City Secretary Contract("CSC")No. 19353,a twenty-five year Unimproved Ground Lease for the lease and use of real property known as Lease Site l OS-B,and any improvements and facilities thereon("Leased Premises") at Fort Worth Meacham International Airport("Airport"). WHEREAS,the initial term of the Lease is for 25 years,terminating on September 30, 2017; WHEREAS, CSC No. 19353 was subsequently amended by CSC No. 19353-A1 to add two five-year Renewal Options to provide Lessee a total potential Lease term of thirty-five(35)years. AGREEMENT NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged,Lessor and Lessee hereby agree as follows: 1. The Lease is hereby renewed and extended for a first term of five (5)years, commencing on October 1,2017 and expiring on September 30,2022. 2. In accordance with the established Schedule of Rates and Charges, this lease site of 11,619 square feet at the current Lease rate of$0.26 per square foot will generate revenue of $3,045.36 per year or$253.78 monthly. 3. All other terms and conditions of the Lease shall remain in full force and effect. Fort Worth Meacham International Airport Stanley C.Thomas Renewal Option No.1 to CSC No.19353 Page I of OFFICIAL RECORD CITY SECRETARY FT.WORTH,TX The statements set forth in the recitals above are true and correct and form the basis upon which Lessor and Lessee have entered into this Agreement. The Lease is a public document on file in Lessor's City Secretary's Office and is incorporated herein by reference for all purposes. All other provisions and conditions of the Lease that are not expressly amended herein or directly in conflict with the provisions and conditions of this Amendment shall remain in full force and effect. Fort Worth Meacham International Airport Stanley C.Thomas Renewal Option No.1 to CSC No. 19353 Page 2 of 4 IN WITNFSS WHEREOF,the parties hereto have executed this Agreement in multiples on this the 0 day of Au .cf 2017. CITY OF FORT WORTH: By: �C...� Fernando Costa Assistant City Manager Date:_ 8 /7//7 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 Fernando Costa,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 7 ,2017. TRIKINYA L JOHNSON .%'Notary Public,State of Texas � Comm. Expires 04-17-2018 Notary ID 1238832-0 Notary ub ' and for the State of Texas APPROVED AS TO FORM ATTEST: ANDL IT, : kFORT Flip By: NBy: Paige Meb1he Nfary J. r, Ci Cr _ Assistant City Attorney M&C: ... Approval Date: u �� Fort Worth Meacham International Airport Stanley C.Thomas Renewal Option No.1 to CSC No.19353 Page 3 of 4 OFFICIAL RECORD CITY SECRETARY FT.WORTH,TX 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. 7 Anne-Marie Stowe Title LESSEE: ATTEST: Stanley C. omas pF FORTS By: By: �•: �-1 v _ Date: 1- 4 - 0 *. �XAS 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 Stanley C. Thomas, 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 Stanley C. Thomas and that s/he executed the same as the act of Stanley C. Thomas for the purposes and consideration therein expressed and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE this 6th day July 2017. ROSALIA:KIRBYNotary PState of s Notary Public in and or the State f Texas OF tMy Comm.Exp. 0-2019 Fort Worth Meacham International Airport Stanley C.Thomas Renewal Option No. 1 to CSC No. 19353 Page 4 of 4 City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 8/15/2017 DATE: Tuesday, August 15, 2017 REFERENCE NO.: **C-28328 LOG NAME: 55FTW THOMAS10SB RENEWAL01 SUBJECT: Authorize Execution of Renewal Option No. 1 Exercising the First of Two Five-Year Renewal Options to City Secretary Contract No. 19353 with Stanley C. Thomas for Lease Site 10S-B at Fort Worth Meacham International Airport (COUNCIL DISTRICT 2) RECOMMENDATION: It is recommended that the City Council authorize the execution of Renewal Option No. 1 exercising the first of two five-year renewal options to City Secretary Contract No. 19353 with Stanley C. Thomas for Lease Site 10S-B at Fort Worth Meacham International Airport. DISCUSSION: City Secretary Contract(CSC No.19353), a 25-year Ground Lease for Lease Site 10S-B, was executed with Stanley C. Thomas on October 5, 1992, Mayor and Council Communication (M&C C-13481). On April 7, 2009, Amendment No. 1 (CSC No. 19353-A1)was approved to amend CSC No. 19353 and add two five-year renewal options extending the Ground Lease 10 years, for a total lease term of potentially 35 years. On May 10, 2017, City staff received a request from Mr. Stanley C. Thomas to amend CSC No. 19353 to execute the first of two five-year renewal options in accordance with the Lease Agreement. Renewal Option No. 1 will have an effective date of October 1, 2017 and will expire on September 30, 2022. In accordance with the established Schedule of Rates and Charges, Mr. Thomas will pay annual rent for the Ground, the sum of$3,045.36, at the current lease rate of$0.26 per square foot, payable in equal monthly installments of$253.78. Rental rates shall be subject to an increase on October 1 st 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 other terms and conditions of the Lease shall remain in full force and effect. The property is located in COUNCIL DISTRICT 2. This M&C does not request approval of a contract with a business entity. FISCAL INFORMATION / CERTIFICATION: The Director of Finance certifies that the Aviation Department is responsible for the collection and deposit of funds due to the City. Logname: 55FTW THOMASIOSB RENEWALOI Page 1 of 2 FUND IDENTIFIERS (FIDs): TO Fund Department ccoun Project JProgram ctivityl Budget Reference# �moul ID ID Year (Chartfield 2) FROM Fund Department ccoun Project Program ctivity Budget Reference # �mol ID ID Year (Chartfield 2) CERTIFICATIONS: Submitted for City Manager's Office by: Fernando Costa (6122) Originating Department Head: Bill Welstead (5402) Additional Information Contact: Anne-Marie Stowe (5415) ATTACHMENTS 1. Map 10S-B S.Thomas.odf (Public) Logname: 55FTW THOMASIOSB RENEWALOI Page 2 of 2