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Home My WebLink AboutContract 36622CITY SECRETAiilr CONTRACT No,(Q(e AMENDMENT NO. 1 TO CSC N0.30426 FORT WORTH MEACHAIVI INTERNATIONAL AIRPORT TERMINAL BUILDING OFFICE LEASE AGREEMENT This AMENDMENT NO. 1 ("Amendment") 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 situated in Tarrant, Denton and Wise counties Texas, acting by and through Marc Ott, its duly authorized Assistant City Manager, and PROFESSIONAL ASSISTANCE SYSTEMS AND SERVICES, INC., d/b/a SKYMAVS ENTERPRISES ("Lessee"), a Nevada Corporation, registered in Texas, acting by and through Evelyn Lohla, MD, its duly authorized President. RECITALS A. WHEREAS, on or about August 27, 2004, Lessor and Lessee entered into City Secretary Contract ("CSC") No.30426, a terminal building office lease agreement for one thousand four hundred forty seven (1,447) square feet of first floor office space, more specifically identified as Suites 107, 107A and 107B (the "Leased Premises"), at Fort Worth Meacham International Airport ("Airport"). CSC No. 30426 shall hereinafter be referred to as the "Lease;" and B. WHEREAS, Lessor and Lessee wish to amend the Lease to remove Suites 107A and 107B from the Leased Premises; and C. WHEREAS, the Lessee wishes to expand the Leased Premises and complete renovations in order to accommodate its business growth; and D. WHEREAS, Lessor and Lessee now wish to amend the Lease to reflect the expansion of Suite 107 and expand the Leased Premises to approximately one thousand six hundred seventy nine (1,679) square feet. NOW, THEREFORE, in consideration of the mutual covenants, promises and obligations contained herein, Lessor and Lessee hereby agree as follows: Section 1. PROPERTY LEASED shall be deleted in its entirety and replaced with the following: CFW Meacham Airport Skymays Enterprises Amendment No. 1 to CSC No. 30426 Page 1 of 4 02-13-08 A10�59 IN Lessor hereby demises and leases to Lessee the following real property (hereinafter referred to as the "Premises") in the Terminal Building ("Terminal") at Fort Worth Meacham International Airport ("Airport") in Fort Worth, Tarrant County, Texas: 1.1 One Thousand Six Hundred Seventy Nine (1,679) square feet of first floor office space identified as Suite 107, and depicted on Exhibit "A," which is attached hereto, incorporated and made a part of this Lease for all purposes herein. 2. Section 3. RENT is hereby amended to read as follows: 3.2 Rent During Renewal Terms /Rent Credits. a. Rental rates for each Renewal Term shall comply with the rates prescribed for the Premises by Lessor's published Schedule of Rates and charges in effect at the same time. Upon completion of improvements for the Premises set forth in Exhibit "A" and the renovations and improvements contemplated herein, as forth in Exhibit `B," but not later than ninety (90) days after the execution of this Amendment, Lessee's new rental rate shall be an annual rate of Twenty Five Thousand One Hundred Sixty Eight dollars and 21/100 ($25,168.21), payable in equal monthly installments of Two Thousand Ninety Seven dollars and 35/100 ($2,097.35). Exhibit "B" is attached hereto and made a part of this Lease for all purposes. b. Upon receipt of original, detailed invoices and/or receipts for the renovations, Lessor will issue Lessee monthly rent credits for eighty percent (80%) of the approved construction costs, not to exceed fifty percent (50%) of the monthly rental amount due. 3. 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. CFW Meacham Airport Skymays Enterprises Amendment No. 1 to CSC No. 30426 Page 2 of 4 INvwilqNE33 WHEREOF, the parties hereto have executed this Agreement in multiples on this the day o f jAr4A lsl2 , 20Q/f CITY OF FORT WORTH: By: Ti #16 H /C> G%N-S /idTIN6 - Assistant City Manager Date: oC' O STATE OF TEXAS COUNTY OF TARRANT § TM 166INS BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, on this day personally appeared ,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. GNEN UNDER MY HAND AND SL OF OFFICE this day , 200 . ae.�.. e �,41P ANA L.12 t3RISC4� o Notary Paiblic, State of Texas CiJt y hfy commission Expires N tary Public in and for the State of Texas march 07, 201 It APPROVED AS TO AP By Assistant City Attorney Contract Authorization: Date Approved: It 2 I 4 i CFW Meacham Airport Skymays Enterprises Amendment No. 1 to CSC No. 30426 Page 3 of 4 ATTEST: By. V (' - Marty F6hdrix •t, City Secretary LESSEE: ATTEST: By: 64 By.. Evel A Lohla, MD President Dde" " ,� ate: '1 b 1 STATE OF TEXAS § BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, on this day personally appeared Evelyn Lohla, MD, 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 Professional Assistance Systems and Services, Inc., d/b/a Skymays Enterprises and that s/he executed the same for the purposes and consideration therein expressed and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE this day Fib r wg r N , 200?'ej? °r��":� ANfJA RUTH CRESS 8' MY COMMISSION EXPIRES 1!��fr! August 7, 2008 CFW Meacham Airport Skymays Enterprises Amendment No. 1 to CSC No. 30426 Page 4 of 4 Notary Public in and for the State of Texas V'��VJr!u 1�'�l�7VJ.N1 Ui J Meacham International Airport First Floor Terminal Building Updated 12/07 JJ�L+ uSli��d/'t;l;p j Exhibit "B" Mandatory Improvements within Terminal Building Suite 107 approximately 14) square feet Within 90 days Lessee will complete the following improvements: • Match or replace existing the throughout the space • Update fixtures City of Fort Worth, Texas Mayor and Council Communication _ _� ,_- Tz .�___ _��w ..ti. r� . -_ - --_� COUNCIL ACTION: Approved on 1/29/2008 DATE: Tuesday, January 29, 2008 LOG NAME: 55SKYMAVS REND REFERENCE NO.: **C-22646 SUBJECT: , Authorize Execution of!Amendment No. 1 to City Secretary Contract No. 30426, a Terminal Building Office Lease Agreement with Professional Assistance Systems and Services, Inc., d/b/a Skymays Enterprises, for Suite 107 at Fort Worth Meacham International Airport RECOMMENDATION: It is recommended that the City Council authorize the City Manager to execute Amendment No. 1 to City Secretary Contract No. 30426, a Terminal Building Office Lease Agreement with Professional Assistance Systems and Services, Inc., d/b/a Skymays Enterprises, to renovate and amend the square footage to Suite 107 at Fort Worth Meacham International Airport. DISCUSSION: On September 30, 2003, (M&C L-13664) City Council approved City Secretary Contract (CSC) No. 30426 authorizing Professional Assistance Systems and Services, Inc., d/b/a Skymays Enterprises (Skymays) to lease 1,447 square feet of first floor office space in the terminal building known as Suite 107, 107A and 107B at Fort Worth Meacham International Airport. Skymays office space is no longer known as Suite 107, 107A and 107B. Their space consists only of Suite 107 and is approximately 1,179 square feet. Staff has recently received a request from Skymays proposing to expand their leased space Suite 107 to accommodate their growing flight training business. To do this, staff recommends pulling out the existing glass storefront of Suite 107, extending it straight out approximately 14 feet to be flush with Suite 111. This expansion will increase Skymays' lease space by approximately 500 square feet for an estimated total of 1,679 square feet. Actual square footage will be calculated upon completion of improvements. In exchange for completion of improvements, staff agrees to allow monthly rent credits to be issued for 80 percent of the approved renovation costs, not to exceed 50 percent of the monthly rent amount due. Skymays agrees to provide original, detailed invoices and or receipts after the work is completed. Based on approximately 1,679 square feet, the total estimated revenue received from this lease will be approximately $25,168.21 per year, or $2,097.35 per month. This is an increase in revenue of $7,495.00 per year based on the Aviation Department's current Schedule of Rates and Charges. Rental payments for the additional square footage will not begin until after the renovations are complete. 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. The term of the lease will remain unchanged and in effect. The lease will automatically renew for an additional year unless either party notifies the other of its intent to cancel the lease in accordance with its terms and conditions. All other terms and conditions will follow standard City and Aviation Department polices. Lo�name: 55SKYMAVS KENO Page 1 of 2 Fort Worth Meacham International Airport is located in COUNCIL DISTRICT 2. FISCAL INFORMATION/CERTIFICATION: The Finance Director certifies that the Revenue Section of the Finance Department will be responsible for the collection and deposit of funds due to the City under this Agreement. TO Fund/Account/Centers FROM Fund/Account/Centers PE40 491282 0551101 $25,168.21 Submitted�for City Manager's Office bv: Marc A. Ott (8476) Oriainating Department Head: Kent Penney (5403) Additional Information Contact: Angie Highland (5402) Lo�name: SSSKYMAVS KENO Page 2 of 2