HomeMy WebLinkAboutContract 35572-R1CITY SECRETARY
CONTRACT N®.JS�Z�
Hickman Investments
6777 Camp Bowie, Suite 600
Fort Worth, Texas 76116
Attn: Doug Woodson
Re: Lease Agreement ("Lease") between the City of Fort Worth ("Tenant") and
Wellington Square Shopping Center ("Landlord") for 1600 sf at 6773 Camp Bowie, Fort
Worth, Texas ("Leased Premises") (City Secretary Contract No. 35572)
Dear Mr. Woodson:
This letter is to confirm the renewal term of the Lease.
The Lease was for an initial term of 60 months, beginning on October 1, 2007 and
ending on September 30, 2012. Section 3 of the Lease allows Tenant to renew the Lease
for an additional five year term by giving Landlord written notice at least 90 days prior to
the end of the original term. This letter is that notice.
contract Author
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OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
05-16-12
Sincerely,
CITY OF -FORT WORTH
C`l�a�es Darnels,
Assistant City Manager
APPROVED AS TO FORM AND LEGALITY:
D. Guzman,
Assistant City Attorney
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1VI&C Review
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CITY COUNCIL AGENDA
DATE:
CODE:
7/10/2007
L
COUNCIL ACTION: Approved on 7/10/2007
Official site of the City of Fort Worth, Texas
FORT�'VORTfI
REFERENCE NO.: **L-14354 LOG NAME: 35SSILEASE
TYPE: CONSENT PUBLIC HEARING: NO
SUBJECT: Authorize Execution of a Lease Agreement with Wellington Square Shopping Center for
Office Space at 6773 Camp Bowie Boulevard, for the Police Department School Security
Initiative
RECOMMENDATION:
It is recommended that the City Council:
1. Authorize the City Manager to execute a lease agreement with Wellington Square Shopping
Center for office space of approximately 1600 square feet located at 6773 Camp Bowie Boulevard for
an amount not to exceed $27,152 annually;
2. Authorize building improvements for aone-time payment not to exceed $20,000; and
3. Authorize this agreement to be effective October 1, 2007 through September 30, 2012, with an
option to renew for a one additional five-year period at the City's option.
DISCUSSION:
The Engineering Department, Real Property Services Division, at the request of the Police
Department, negotiated a lease agreement with Wellington Square Shopping Center for office space
to be used by the Police Department. The office space will be occupied by the Police staff assigned
to the School Security Initiative. The current lease facility is being demolished and the agreement will
expire on September 30, 2007.
The lease term is for 60 months. The City of Fort Worth will lease approximately 1,600 square feet at
a lease rate of $16.97 per square foot for the first year and at a lease rate of $9.75 for years two
through five, with an annual rate of $27,152 and $15,600 respectively.
In addition to the above leasing costs, the Police Department will incur an expense for interior tenant
improvements for office space configuration based on police staff requirements at a cost of $31,554,
of which a one time lump -sum payment of $20,000 will be made upon completion of the
improvements. The remaining costs will be prorated and apportioned over the first year's leasing
costs. Upon substantial completion of the improvement, prior to October 1, 2007, the Police
Department will occupy the leased facility at no additional costs.
http://apps.cfwnet.org/council�acket/mc review.asp?ID=7905&councildate=7/10/2007 5/4/2012
M&C Review
Page 2 of 2
RENEWAL OPTIONS -This agreement may be renewed for up to one successive five-year term at
the City's option. This action does not require specific City Council approval provided that the City
Council has appropriated sufficient funds to satisfy the City's obligation during the renewal term.
FISCAL INFORMATION/CERTIFICATION:
The Finance Director certifies that funds are available in the current operating budget, as
appropriated, of the Crime Control and Prevention District Fund for the building improvements. Funds
for the lease of the building will be included in the FY2007-2008 proposed budget of the Crime
Control and Prevention District Fund.
TO Fund/Account/Centers
Submitted for City Manager's Office b�
Originating Department Head:
Additional Information Contact:
ATTACHMENTS.
FROM Fund/Account/Centers
GR79 539120 0359600
Joe Paniagua (6191)
Ralph Mendoza (4211)
Kara Shuror (4221)
$47,152.00
http://apps.cfwnet.org/council�acket/mc review.asp?ID=7905&councildate=7/10/2007 5/4/2012