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HomeMy WebLinkAboutContract 37465CITY SECRETARY CONTRACT NO * qiLw AMENDMENT NO. 1 TO CITY SECRETARY CONTRACT N0.29732 FORT WORTH MEACHAM INTERNATIONAL AIRPORT UNIMPROVED GROUND LEASE AGREEMENT AND ASSOCIATED MANDATORY IMPROVEMENTS LEASE SITE 1-W This AMENDMENT NO. 1 TO CITY SECRETARY CONTRACT NO. 29732 ("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 acting by and through T.M. Higgins, its duly authorized Assistant City Manager, and WTW PROPERTIES, INC ("Lessee"), a Texas Corporation. The following introductory provisions are true and correct and form the basis of this Amendment. A. Lessor and Lessee previously entered into City Secretary Contract ("CSC") No. 29732 (hereafter referred to as the "Lease"), a lease of approximately 114,560 square feet of unimproved ground at Fort Worth Meacham International Airport ("Airport") identified as Lease Site 1-W ("Premises"). B. Lessee desires to increase the square footage of the Premises for additional parking. NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, Lessor and Lessee agree as follows: 1. Section 1 of the Lease is hereby amended to read as follows: 1. PROPERTY LEASED. Lessor hereby demises to Lessee approximately One Hundred Twenty Thousand Two Hundred Twelve (1205212) square feet of land at Fort Worth Meacham International Airport ("Airport") in Fort Worth, Tarrant County, Texas, identified as Lease Site 1-W ("Premises"), as shown in Exhibit "A4," which is attached hereto and hereby made a part of this Lease for all purposes. 2. Section 3.1 of the Lease (Annual Rent for Premises) is hereby amended to read as follows: Page 1 Amendment No. 1 to City Secretary Contract No. 29732 behveen City of Fort Worth and WTW Properties, Inc. OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX 301. Annual Rent for Premises. Lessee shall commence the payment of rent, upon execution of this Amendment in accordance with this Section 3. Lessee shall pay Lessor rent in the amount of $26,446.64 which is based on a rental rate $.22 per square foot on an annual basis, payable in monthly installments of $2,203.89. 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. [Signature Pages Follow] Page 2 Amendment No. I to City Secretary Contract No. 29732 between City of Fort Worth and WTW Properties, Inc. OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX i IN WITNESS WHEREOF, the parties hereto have executed this Agreement in multiples on this the ,i" day of 9200 . CITY OF FORT WORTH. By. T.M. Higgins Assistant City Manager Date: 8�Z/108 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 T.M. Higgins, 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 � zif day ROSELLA BARNES MY COMMISSION EXPIRES March 31, 2009 APPROVED AS TO FORM AND EGALITY: Charlene Sanders Assistant City Attorney M&c: Approved: Page 3 Amendment No. I to City Secretary Contract No. 29732 between City of Fort Worth and WTW Properties, Inc. Notary Public in and for the State of Texas ATTEST: By: Marty Hendrix City Secretary OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX WTW PROPERTIES, INC: By: An e. ughn O. Yennerb Title. nior Executive Vice Date: STATE OF TEXAS COUNTY OF �t�z L� ATTEST: By: Chief of Staff BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, on this day personally appeared Vaughn O. Vennerberg, H, 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 WTW Properties, Inc. and that s/he executed the same as the act of WTW Properties, Inc. for the purposes and consideration therein expressed and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE this � �--Tj� day , 200N . �1pjtYPVp�,� KIM FIELDS RHOADS Notary Public STATE OF TEXAS Ca My Comm, Up. 10/3 MI I Page 4 Amendment No. I to City Secretary Contract No. 29732 behveen City of Fort Worth and WTW Properties, Inc. Notary Public in and for the State of Texas OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX Exhibit It 41 LEGAL DESCRIPTION WTW PROPERTIES, INC. LEASE BEING 2.760 acres of land located in Block 3, MEACHAM AIRPORT, an addition to the City of Fort Worth, Tarrant County, Texas, according to the plat recorded in Cabinet A, Slide 2445 of the Plat Records of Tarrant County, Texas. Said 2.760 acres of land being more particularly described by metes and bounds as follows: BEGINNING at a 5/8" iron rod found at the Northeast corner of existing Site 52-S, Lease Area, and said POINT OF BEGINNING also having Texas State Coordinate NAD 27 Values of N = 418266.9942 and E = 21042,110.3629; THENCE S 81 ° 52' 37" W 157.15 feet, along the North boundary line of said Site 52-S Lease Area, to a point, having Texas State Coordinates NAD Values of N = 418,244.7886 and E = 2,041,954.7854; THENCE N 08° 07' 14" W 308.61 feet, to a point, having Texas State Coordinates NAD 27 Values of N = 418,550.3086 and E = 21041,911. 1921; THENCE N 81 ° 50' 41" E 357.00 feet, to a point, having Texas State Coordinates NAD 27 Values of N = 418,600.9514 and E = 2,042,264.5814; THENCE S 08° 10' 10" E 89.07 feet, to a point, having Texas State Coordinates NAD 27 Values of N = 418,512.7835 and E = 2,042,277.2385; THENCE S 34° 29' 12" E 70.27 feet, to a point, having Texas State Coordinates NAD 27 Values of N = 418,454.8620 and E = 2,042,317.0268; THENCE S 08° 10' 10" E 174.11 feet, to a point, having Texas State Coordinates NAD 27 Values of N = 418,282.5163 and E = 210421341.7682; THENCE S 010 41' 14" W 231.26 feet, to a point in the East boundary line of said Site 52-S Lease Area; THENCE N 08° 10' 08" W 18.10 feet, along the East boundary line of said Site 52- S Lease Area, to the POINT OF BEGINNING, containing 2.760 acres (120,212 square feet) of land. OFFICIAL RECORD CITY SECRETARY FT, WORTH, Tx JAI Et,, L, BR11'TA.Hk %0446.000 be . ur, X=2,041,91 1.1921 E X=2,042,264.5814E Y=418,550.3086N I Y=418,600.9514N ,r • •50'41"` 000RT CABINET A, SLIDE 24459 P •R•T •C' 357. N S1 MEACEIAM AIRP S 08' 10' 10"E BLOCK 3 89.07' X=2,042,277.2385E Y=418.512.7835N �: 2.760 ACRES (1209212 SQ.FT,) .P S S 34' 29' 12"E 70,27' I I 204.2' POINT OF BEGINNING 6/6" IROD ROD FOUND � S W X=2,042,1 10.3629E 000 Y=418,266.9942N NORTHWEST CORNER OF J F.A.A. CONTROL TOWER LEASE TRACT X = 2.042.170.65 I EXISTING 8U11D1NG Y = 418.256.37 I \wIl =2,041,954.7854E "W 231 ,26' I Y=418,244.7886N S g1.52037fl)N $ $1• 4 157 615 w,y,,:, -- - -� •, .<, N 08' 10'OS"W -- I 18.10 r52,-S i CONTROL SITE pREp X=2,042, 12.9344E ; TowER se LEA Y=418,2 9.0805N EXISTING � ' TONER LEASE BUILDING F.A.A. CONTROL I I Ry 1 I � 1 I , i s 1 , T COORDINATE DATE: ALL COORDINATE DATA SHOWN HEREON ARE TEXAS STATE PLANE NAD 27 DATA BASED ON THE EXISTING MONUMENT CONTROL ESTABLISHED AT MEACHAM AIRPORT. MEACHAM AIRPORT BRITTAIN & CRA1'VFOR \\11 LAND SURVEYING & i. TOPOGRAPHIC MAPPING (an) 926 ozll L+ErRo (all) 429-51I2 FAX No. (817) 926-9347 P.O. BOX 11374 • 3908 SOUTH FREEWAY WORTH, TEXAS 76110 EMAIL admen®brill / LINCOLN AVENUE X=2,042,317.0268E Y=418,454.862ON OF .TF� JAMES L. BRITTAIN ..............4....4..... _...... r, fl 1674 Q. JUNE 26, 2008 4201 N. MAIN STREET #200 FORT WORTH, TEXAS, 76106 WTW PROPERTIES, INC. LEASE AREA EXHIBIT 2.760 ACRES OF LAND LOCATED IN BLOCK 3, MEACHAM AIRPORT CITY OF FORT WORTH, TARRANT COUNTY, TEXAS 0 Z SCALE 1 "=100' CITY SECRETARY FT. WORTH, TX CLB.) H:\SU\MEACHAM\NEW-WTW-LEASE City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 8/19/2008 DATE: Tuesday, August 19, 2008 LOG NAME: 55WTW29732AMND REFERENCE NO.: **C-22977 SUBJECT: Authorize Execution of Amendment No. 1 to City Secretary Contract No. 29732, an Unimproved Ground Lease Agreement with WTW Properties, Inc., in the Amount of $1,243.44 Annually, for an Additional 5,652 Square Feet at Fort Worth Meacham International Airport RECOMMENDATION: It is recommended that the City Council authorize the City Manager to execute an amendment to City Secretary Contract No. 29732, an unimproved ground lease agreement with mandatory improvements with WTW Properties, Inc., in the amount of $1,243.44 annually, for an additional 5,652 square feet at Fort Worth Meacham International Airport. DISCUSSION: On April 5, 2004, (M&C L-13767) the City Council approved the execution of an unimproved ground lease agreement with mandatory improvements filed under City Secretary Contract (CSC) No. 29732 with WTW Properties, Inc. (WTW), for Lease Site Hangar 1 W at Fort Worth Meacham International Airport. Staff has received a request from WTW to expand their current parking area on the east side of Hangar 1 W. The parking expansion will require an additional 5,652 square feet of unimproved ground onto their existing 114,560 square feet. The new total square footage for the lease will be 120,212 square feet of unimproved ground. A new site survey has been completed. The additional revenue generated from this lease based off of 5,652 square feet calculated at a rate of $0.22 per square foot, is $1,243.44 annually, or $103.62 per month. The total revenue generated from this lease based off of 120,212 square feet is $26,446.64 annually, or $2,203.89 per month. This is in accordance with the Aviation Department's current Schedule of Rates and Charges. The terms and conditions of the original CSC No. 29732 will remain unchanged and in effect. The property is located in COUNCIL DISTRICT 2. OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX FISCAL INFORMATION/CERTIFICATION: The Finance Director certifies that the Aviation Department will be responsible for the collection and deposit of funds due to the City under this Agreement. Logname: 55WTW29732AMND Page 1 of 2 TO Fund/Account/Centers FROM Fund/Account/Centers PE40 491352 0551101 1 243.44 Submitted for City Manager's Office bv: Tom Higgins (6266) Originating Department Head• Kent Penney (5403) Additional Information Contact: Mark Folden (5402) OFFICIAL RECORD CITY SECRETAIZy FT. WpRTH, TX j Logname: SSWTW29732AlVIND Page 2 of 2