HomeMy WebLinkAboutResolution 1833..~- T -~~ .. ~-r. __ _ _ __...:-t. _ _ __ _~« _ ...
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A Resolution Adopted Resolution No,,/~-~~
RESOLUTION APPROVING A CERTAIN AGREEMENT OF LEASE BY AND
BETWEEN THE DALLAS-FORT WORTH INTERNATIONAL AIRPORT BOARD
AND UNITED PARCEL SERVICE, INC. AT DALLAS-FORT WORTH
INTERNATIONAL AIRPORT; AND OTHER MATTERS RELATED THERETO
WHEREAS, The Board of Directors of the Dallas-Fort Worth International Airport Board (the
"Airport Board") has authorized the execution and delivery of a certain Agreement
of Lease No. 237812 (the "Lease Agreement"), dated as of June 23, 1992 by and
between the Airport Board and United Parcel Service, Inc., an Ohio corporation,
pertaining to the leasing of certain lands and properties wmprising a part of the
Dallas-Fort Worth International Airport for the purpose of constructing an air
cargo warehouse and other related improvements; and
WHEREAS, the provisions of the Lease Agreement extend the initial term and the initial
extension term of the Premises beyond a period of forty (40) years from the
original date of such Lease Agreement, and, accordingly, the Contract and
Agreement between the Cities of Dallas and Fort Worth, dated as of April 15,
1968, and Article 46d, Vernon's Texas Civil Statutes, as amended, requires
approval thereof by the respective City Councils of Cities of Dallas and Fort
Worth;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT WORTH THAT:
Section 1. That the Lease Agreement in substantially the form and substance presented
herewith, is hereby all things accepted and approved.
Section 2. That the appropriate officers of the respective Cities are authorized and
directed to execute the same as required and where indicated in said Lease Agreement.
Section 3. That the Dallas-Fort Worth International Airport Board is authorized to
perform under and to administer the Lease Agreement without further action of the
respective City Councils, except that no amendment shall be authorized by the Airport
Board extending the period of occupancy of any properties covered thereby without the
approval of the respective City Councils.
APPROVED AND ADOPTED BY THE FORT WORTH CITY COUNCIL this day
of June, 1992. - ~~PRflVED
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SUN 2s 1992
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CITY OF FORT WORTH