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HomeMy WebLinkAboutContract 52847-A1 Ci T Y SECRUARY- CONTRACT NO. 5 a$IT: I FIRST AMENDMENT TO THE LEASE AGREEMENT WHEREAS, the City of Fort Worth, a Texas home rule municipal corporation ("City") entered into a certain License Agreement dated September 25, 2019 (City Secretary Contract No. 52847),with Lanter Delivery Systems, LLC ("Tenant")to license use of 40 parking spaces in the parking lot at the Alliance Fort Worth Maintenance Facility located at 2000 Eagle Parkway, Fort Worth, Texas 76177 to be used for trailer parking, more particularly described in the License Agreement("Lot"); and WHEREAS, the City and Tenant desire to relocate the 40 parking space area to another parking lot; and WHEREAS, the City and Tenant agree to increase the new area to approximately 4.98 acres for additional trailer parking; and WHEREAS,the City and Tenant agree to increase the license fee to$15,618.87 per month. NOW THEREFORE, in consideration of the terms set forth in the License Agreement, the parties agree to amend the License Agreement as follows: SECTION 1. Premises. The first paragraph is amended to add the second line as follows: Effective December 9,2019,the location will be changed to approximately 4.98 acres of the parking lot ("Lot 2")as described in Exhibit`B". SECTION 4. License Fee; Time of essence. Section 4 in the License Agreement will be deleted and replaced with the following: Tenant will pay City a license fee of$5,600.00 per month to use the Lot during the License Term. Effective December 9,2019,the license fee will increase to$15,618.87 per month for use of Lot 2. The prorated amount of the increase due for December 9th- 31St is $7,576.20 and is due upon execution of this Amendment. The monthly fee is due to City on or before the 1"of each month via direct deposit into the Alliance Maintenance Fund bank account,the information for which shall be provided by the Property Manager to Tenant after the Effective Date hereof.If the payment of fees is not received by City as provided herein,then after five(5)days after receipt of written notice from City,all amounts due and payable to City hereunder shall bear interest from the date the payment of fees was due until paid, at a per annum rate of interest equal to the lesser of(a)eighteen percent(18%)or(b)the highest non-usurious rate permitted by applicable law. Time is specifically of the essence of this provision and of every provision of this Agreement. All other terms and conditions of the Lease remain unchanged and in full force and effect. <SIGNATURES APPEAR ON FOLLOWING PAGE> First Amendment to City Secretary Contract No. 52847 = OFFICIAL RECORD c�Gs�c�ct CITY SECRETARY FT. WORTH, TX EXECUTED this /6 day of JJeCt 20/(/ . LESSEE: CI Y OF FORT WORTH LESSOR: LANTER DELIVERY SYSTEMS, LLC By. K in Gunn Assistant City Manager Name: S7TV6' L6P6W/;uK Title: Vice: P2ES1106-NT Date: I Z JZD197 CONTRACT COMPLIANCE MANAGER By signing, I acknowledge that I am the person responsible for the monitoring and administration of this contract, including ensuring all performance and reporting requirements. p/y/x��) /j Name: Title:,!� MITI l 14 — / f C APPRO D AS TQ FORM AND LEGALITY: By: Leann Guzman Senior Assistant City Attorney, Section Chief ATTES '~_� & By: .,�,�`.�, Kayser City Secretary ��• e��is Form 1295: NA Contract Authorization: a ` `F i M&C: NA Date: NA First Amendment to City Secretary Contract No. 52847 2 OFFICIAL RECORD CITY SECRETARY FT WORTH,TX Exhibit"B" Lot 2 highlighted in yellow F x I ,I I First Amendment to City Secretary Contract No. 52847 3