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Home My WebLink AboutContract 50678 PM PM r FORT WORTH MEACHAM INTERNATIONAL AIRPORT *° ,t ADMINISTRATION BUILDING 00c 9jO9�C<% a' SIGN LICENSE AGREEMENT CITY SECRETARY �,,� Q CONTRACT N0._ W 7 �sFc99�o��l� °40 (MONTH TO MONTH) 9y� SIGN LICENSE AGREEMENT ("AGREEMENT") is entered into by and en the CITY OF FORT WORTH ("Licensor"), a home rule municipal corporation situated in Tarrant, Denton, and Wise Counties, Texas acting by and through William Welstead, its duly authorized Aviation Director, and THE MYERS INVESTMENT GROUP, LLC ("Lessee"), acting by and through DOUGLAS R. MYERS. The following introductory statements are true and correct and form the basis of this agreement. RECITALS A. The Licensor owns and operates Fort Worth Meacham International Airport ("Airport"). The Licensor also owns a sign that identifies the Airport at the entrance to the Airport ("Entrance Sign"). This Entrance Sign has eight(8) spaces available for the display of removable sign panels. B. Licensee occupies rental at the Airport. Licensee desires to rent one of the sign spaces on the Entrance Sign from the Licensor in order to display a sign for Licensee's business. AGREEMENT It is therefore mutually agreed as follows: 1. Term and Termination of Agreement. The term of this Agreement shall commence on (enter current date)and continue on a month-to-month basis until either party terminates this Agreement,for any reason,by providing the other party with not less than 30-days written notice prior to the effective date of such termination. 2. Rental Fee. The rent fee for one sign space shall be one hundred dollars and zero cents ($100.00)per month. A sign space shall include two sign panels, one on each side of the Entrance Sign,facing in each direction. Rent for sign spaces may be adjusted from time to time by Licensor's City Council,in its sole discretion, and any such adjustment shall become effective following not less than thirty(30) days written notice to Licensee. Licensor shall invoice Licensee each month, and such rent shall be due by the l Od'of each month. Rent not received by the 10th of the month shall be subject to a 10%late penalty. 3. Sign Construction,Installation and Maintenance. Each sign space shall require two si panels with only one side requiring printing. Licensee shall be solely responsible for the construction,printing,repairs and maintenance of such sign panels. Licensor may install panels for Licensee;provided however,Licensee agrees that Licensor, its agei its-or Sign License Agreement—Meacham Airport Administration Building OFFICIAL RI1CORD The Myers Investment Group,LLC Page 1 of 4 CITY 311CRI11TARY FTM WORTH*TX employees shall not be liable for any property damage to such panels that occurs in connection with its providing such service. Licensee agrees to maintain sign panels appearance in like new condition, only the name and the phone number of the Licensee's business may be displayed on such sign panels unless otherwise approved in writing by the Licensor's Aviation Director or authorized representative. 4. Sign Placement Order. The City of Fort Worth Aviation Department shall have sole control of the placement order in which sign panels are located in the six slots on the Entrance Sign. Preferences may be requested by Licensee but are not guaranteed by Licensor or conditional to this Agreement. The order of the sign panels may be changed from time to time at the sole discretion of the Airport Systems Director or authorized representative. 5. Other Terms and Conditions: (A) Licensee hereby assumes all liability for damage to Licensee's sign panels arising from vandalism,theft,natural disasters or any cause out of the direct control of the Licensor. Licensee also assumes all liability for any personal injury, including death or property damage caused by Licensee, its agents, servants,employees, contractors and subcontractors. (B) Licensor makes no warranties or guarantees as to whether Licensee's sign panels will be lighted sufficiently to be visible at night. (C) Licensee shall not assign or sublease any of Licensee's rights under this Agreement. (D) Venue for any dispute or action that arises under this Agreement shall be in the state courts located in Tarrant County, Texas or in the United States District Court for the Northern District of Texas,Fort Worth Division. 6. Notices. All written notices required by the provisions of this Agreement shall be deemed delivered when hand delivered to the named parties at their respective business location addresses at the Airport. Sign License Agreement—Meacham Airport Administration Building The Myers Investment Group,LLC Page 2 of 4 2 IN TlOTESS WH OF, the parties hereto have executed this Agreement in multiples on this the day of / ,2018. CITY OF FORT WORTH: By: William Welstead Aviation Director Date: 2/1�' STATE OF TEXAS § COUNTY OF TARRANT § BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, o this day personally appeared William Welstead, known to me to be the person whose name i subscribed to the foregoing instrument, and acknowledged to me that the same was the act of th City of Fort Worth and that he executed the same as the act of the City of Fort Worth for th purposes and consideration therein expressed and in the capacity therein stated. GIV UNDER MY HAND AND SEAL OF OFFICE this !U day 2018. ANNE MARIE STOWS Notary Public in and for the State of Texas A, "'`J �zNotary Public, State of Texas ---J 1 9 + Comm. Expires 05-01-2022 Notary ID 459765 APPROVED AS TO FORM ATTEST: AND LITY: By A6 By:1: Lor /--- Assistant City ttorney M y r F � F OR OT City ecretary M&C: Not Required rim's Sign License Agreement—Meacham Airport Administration Building OFFICIAL RECORD The Myers Investment Group,LLC Page 3 of 4 CI'T'Y SECRETARY 3 F T.WORTMo TX Contract Compliance Manager: By signing, I acknowledge that I am the person responsible for the monitoring and administration of this c act, including ensuring all performance and reporting requirements. Anne-Marie Stowe Title LESSEE: ATTEST: THE MYERS INVESTMENT GROUP,LLC By: OUGLAS R. MYERS/ Date: 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 DOUGLAS R. MYERS, 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, MYERS INVESTMENT GROUP, LLC., and that he executed the same as the act of THE MYERS INVESTMENT GROUP, LLC for the purposes and consideration therein expressed and in the capacity therein stated. GIVEN DER MY HAND AND SEAL OF OFFICE this day, 2018. .....i ANNE MARIE STOWE Notary Public, State of Texas 9• '�P Comm. Expires 05-01-2022 Notary Public in and for the State of Texas urma� Notary ID 459765 Sign License Agreement—Meacham Airport Administration Building The Myers Investment Group,LLC Page 4 of 4 4