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HomeMy WebLinkAboutContract 36524-R1CITY SECRETARV., lk Z - CONTRACT NO• RENEWAL AGREEMENT CITY SECRETARY CONTRACT NO.36524 FORT WORTH SPINKS AIRPORT HANGAR LEASE AGREEMENT HANGAR 32 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, acting by and through FERNANDO COSTA, its duly authorized Assistant City Manager, and HLP AVIATION, LLC ("Lessee"), acting by and through Harry Phillips, its duly authorized agent. Recitals The following statements are true and correct and form the basis of this Agreement: A. Lessor and Lessee entered into City Secretary Contract ("CSC") No. 36524, a Hangar Lease Agreement for the lease and use of real property known as Hangar 32 ("Leased Premises") at Fort Worth Spinks Airport ("Airport"). S. CSC No. 36524 was executed for afive-year term with one (1) five (5) year option to renew. The original five-year term expired on September 30, 2012. C. Lessee hereby requests to exercise the option to renew. In accordance with the provisions of the Lease, the Lessee has properly exercised its 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 October 15 2012 and expg on September 0 2. All other terms and conditions of the Lease shall remain in full force and effect. Renewal Agreement HLP Aviation, LLC -Hangar 32 Page 1 of 3 [Signature Pages to Follow] 12-21-12 P03:4"i IN IN WITNESS WHEREOF, the parties hereto have executed this Agreement in multiples on this the 71Y day of �41, CZ&,C4 , 2012. CITY OF FORT WORTH: Fernando Costa Assistant City Manager 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 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 x' NlYC066MISSIONEXPIRES % ' . a 4;; Fehray 2, 2014 APPROVED AS TO FORM AND LEGALITY: By. 'L _ �L Charlene Sancrcrs Assistant City Attorney Approved: Renewal Agreement HLP Aviation, LLC -Hangar 32 Page 2 of 3 Notary Public in and for the State ATTEST: By: City Secretary day exas LESSEE: HLP AVIATION, LLC By: Harry Millips Duly Authorized Agent Date: IMN . d to I STATE OF TEXAS COUNTY OF ATTEST: By: BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, on this day personally appeared Harry Phillips known to me to be the persons whose name is subscribed to the foregoing instrument, and acknowledged to me that the same was the act of HLP Aviation, LLC and that he executed the same as the act of HLP Aviation, LLC for the purposes and consideration therein expressed and in the capacity therein stated. UNDER MY HAND AND SEAL OF OFFICE this day l 'Ntrc r- . Zola. CHRISTINA F. BUSH MY COMMISSION EXPIRES August 14, 2013 Renewal Agreement HLP Aviation, LLC -Hangar 32 Page 3 of 3 Notary Public in and for the State of Texas City of Fort Worth, Texas COUNCICACTIDN: Approved on 1211812012 DATE: Tuesday, December 18, 2012 LOG NAME: 55FWS HLPAVIATION RENEW REFERENCE NO.: **C-26023 SUBJECT: Authorize Execution of Five -Year Options to Renew Hangar Lease Agreements with HLP Aviation, L.L.C., for Lease Sites 28 and 32 at Fort Worth Spinks Airport (COUNCIL DISTRICT 8) RECOMMENDATION: It is recommended that the City Council authorize the execution of five-year options to renew Hangar Lease Agreements with HLP Aviation, L.L.C., for lease sites 28 and 32 at Fort Worth Spinks Airport. DISCUSSION: On January 8, 2008, (M&C C-22608) the City Council authorized the execution of City Secretary Contract (CSC) No. 36523, a Hangar Lease Agreement, with HLP Aviation, L.L.C. (HLP), for Hangar Site 28 at Fort Worth Spinks Airport (Spinks). Hangar Site 28 consists of 2,900 square feet of unimproved ground spaces y and a 5,100 square foot hangar. CSC No. 36523 contained afive-year term with one five-year option to renew. On January 8, 2008, (M&C C-22609) the City Council also authorized the execution of CSC No. 36524, a Hangar Lease Agreement, with HLP for Hangar Site 32 at Spinks. Hangar Site 32 consists of 2,392.50 square feet of improved ground space, 8,512.50 square feet of unimproved ground space and a 9,240 square foot hangar. CSC No. 36524 contained afive-year term with one five-year option to renew. The original terms of both leases expired September 30, 2012. The lessee, HLP Aviation, L.L.C., timely exercised its options to renew each of these leases. The renewal terms will be effective October 1, 2012, to coincide with the established Schedule of Rates and Charges (Schedule), and end September 30, 2017. In accordance with the Schedule, Hangar Site 28, at a hangar rate of $1.2608 per square foot and an unimproved ground rate of $0.1816 per square foot, will generate revenue of approximately $6,956.72 annually or $579.73 monthly. Hangar Site 32, at a hangar rate of $1.2608 per square foot, an unimproved ground rate of $0.1816 per square foot, and an improved ground rate of $0.20 per square foot will generate revenue of approximately $13,674.16 or $1,139.51 monthly. 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 8. FISCAL INFORMATION /CERTIFICATION: The Financial Management Services Director certifies that the Aviation Department is responsible for the Logname: SSFWS HLPAVIATION RENEW Page 1 of 2 collection and deposit of funds due to the City. FUND CENTERS: TO Fund/Account/Centers PE40 491052 0551201 PE40 491312 0551201 PE40 491352 0551201 CERTIFICATIONS: Submitted for City Manager's Office by: Originating Department Head: Additional Information Contact: 478.50 $18,079.87 2 072.51 ATTACHMENTS 1. 55FWS HLPAVlATION RENEW Exhibit. FROM Fund/Account/Centers Fernando Costa (6122) Bill Welstead (5402) Jonnie Huitt (5409) (Public) Logname: SSFWS HLPAVIATION RENEW Page 2 of 2