HomeMy WebLinkAboutContract 39628-A1 (2)m
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AMENDMENT NOa TO CSC 1140.39628
FORT WORTH MEACHAM INTERNATIONAL AIRPORT
HANGAR AND GROUND LEASE AGREEMENT
LEASE SITE 3N
This AMENDMENT NO. 1 ("Agreement") 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
FIELDTECH AVIONICS, INC. ("Lessee"), acting by and through Kevin P. Nelms, its duly authorized
President.
A. WHEREAS, Lessor and Lessee entered into City Secretary Contract ("CSC") No. 39628, a hangar
and ground lease agreement, for the lease of certain real property identified as Lease Site 3N
("Premises"), at Fort Worth Meacham International Airport ("Airport"). The Lease commenced
on January 1, 2009 and expires on December 31, 2014, subject to renewal at Lessee's option for one
(1) additional term of five (5) years; and
B. WHEREAS, Lessee desires to exercise their fmal option to renew pursuant to CSC NO. 39628
for an additional five (5) year period to commence on January 1, 2015 and expire on December
31, 2020; and
C. WHEREAS, on or about January 6, 2014, the Fort Worth City Council approved Amendment
No.l to CSC No. 39628 as identified as CSC No. 39628-A1, to reflect the renewal option and rate
adjustments as outlined below; and
NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby
acknowledged, Lessor and Lessee hereby agree as follows:
1. The Lease is hereby renewed and extended for a term of five (5) years, commencing on
January 1, 2015 and expiring on December 31, 2020.
2. Rates and Adiustments.
Lessee shall commence the payment of rent, in accordance with this Section 3, on the
date of execution of this Lease ("Effective Date"). From the Effective Date until December 31,
2020, Lessee hereby promises and agrees to pay Lessor, as annual rent for the Premises, Three
Dollars and Eight Thousand Three Hundred Forty-two Ten -Thousandths Cents ($3.8342) per
square foot of hangar space, Thirty Five Cents ($0.35) per square foot of land, for a total annual
sum of Seventy Five Thousand Six Hundred and Eighteen Dollars and Forty One Cents
($75,618.41), payable in equal monthly installments of Six Thousand Three Hundred and One
Dollars and Fifty Three Cents ($6,301.53). The rental rates under this lease are based on Lessor's
published Schedule of Rates and Charges. In the event that this lease commences on a day other
than the first (1') day of any given month, the first month's rental payment shall be prorated in
accordance with the number of days remaining in that month. Rental rates are subject to increase
on October 1" of any given year during the Initial Term or any Renewal Term, to reflect any
upward change, if any, in the Consumer Price Index for the Dallas/Fort Worth Metropolitan Area,
as announced by the United States Department of Labor or successor agency (i), for the first
increase, since the Effective Date of this Lease and (n) for each subsequent increase, since the
effective date of the last increase; provided, however, that Lessee's rental rates shall not exceed
the then -current rates prescribed by Lessor's published Schedule of Rates and Charges for the
type or types of property similar to the type or types of property that comprise the Premises.
3. All other terms and conditions of the Lease shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement in multiples on this the
/)A day of December , 2014.
CITY OF FORT WORTH:
By:
Fernando Costa
Assistant City Manager
STATE OF TEXAS §
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
�I� Q�yyl�(,t��/ , 2014.
NEWN,
EVONIA DA.NIELS
Notory Public. State of Texas
My Commission Expires
July 10, 2017
in and for the State of Texas
APPROVED AS TO FORM' ° o ST:
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Charlene Sanders c Mary J. Kayser
Assistant City Attorney City Secretary
OFFICIAL RECORD
C8Ty SECRETARY
GAT. WYORTRp TX
M&C:
Date: NO M&C REQUIRED
LESSEE:
By:
VIONICS9 INC.
Kevin P. I�e�ns, President
Date:
ATTEST:
STATE OF TEXAS §
COUNTY OF Ip ir- Y- cx vx §
BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, on
this day personally appeared Kevin P. Nelms, 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
Fieldtech Avionics, Inc. and that s/he executed the same as the act of Fieldtech Avionics, Inc. for
the purposes and consideration therein expressed and in the capacity therein stated.
GIVEN UNDER MY HAND AND SEAL OF OFFICE this day
Notary Public in and for the State of Texas