HomeMy WebLinkAboutContract 33809-A3202� AMENDMENT NO.3 OF FORT WORTH
ckTlo�t�,uo0h' CITY SECRETARY CONTRACT NO, 33809
CITY SECRETARY
CoI4TRACT No. &67 — 5
This AMENDMENT 11NO.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, acting by and through Fernando Costa, its duly authorized Assistant City Manager, and TEXAS
JET PARTNERS, L.P. ("Lessee"), a Texas Limited Partnership, acting by and through its duly
authorized Managi aung Partner, Reed Pigman Jr.
RECITALS
WHEREAS, On April 11, 2006, the City and Texas Jet Partners, L.P. entered into City Secretary
Contract ("CSC") No. 33809 ("Lease"), a Ground Lease Agreement for the lease and use of real property
known as 18N, 23N, 24N, 36N, and 25N-30N (Texas Jet Bundle) ("Leased Premises") consisting of a
total of 719,341.52 square feet of ground space at Fort Worth Meacham International Airport ("Airport"),
WHEREAS, CSC No. 33809 contains a 25 year lease term that will expire on September 30,
2031 and does not include provisions for renewal terms; and
WHEREAS, On November 12, 2012, (M&C C-25973) Amendment No. 1 to CSC No. 33809
was approved (CSC No. 33809-A 1) to remove lease site 24N, comprised of 41,139 square feet of ground
space. The remaining sites total 678,202.52 square feet of ground space; and
WHEREAS, On January 28, 2014, (M&C C-26651), Amendment No. 2 to CSC No. 33809 was
approved to make significant improvements to Sites 18N, 23N and 27N. In consideration of these
improvements, Texas Jet requested that a renewal term equal to 15 years be added to the Agreement in
order to bring it to an aggregate total of 40 years, as allowed under Chapter 22 of the Texas
Transportation Code; and
WHEREAS, Lessor and Lessee now wish to amend the lease to include additiona17,847 square
feet consisting %J a helipad and surrounding apron adjacent to 29N. If approved, the total square footage
of lease sites 18N, 23N3 25N, 26N, 27N, 28N29, 30N and 36N (known as the Texas Jet Bundle) will
increased to 686,049.52; and
WHEREAS, Lessor and Lessee also wish to add Exhibit B that reflects the additional square
footage of Leased Premises.
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 amended by deleting Section 1 of CSC No. 33809, "PROPERTY
LEASED," of the Lease in its entirety and replacing it with the following:
Fort Worth Meacham International Airport
Texas Jet Partners, L.P..
Amendment No. 3 to CSC No. 33809
Page 1 of 6
GiTY SECRETARY
FT. WORTH, TX
1. PROPERTY LEASED.
Lessor hereby demises to Lessee approximately 686,049.52 square feet of
unimproved Ground Space ("Ground"), at Fort Worth Meacham International
Airport ("Airport") in Fort Worth, Tarrant County, Texas, identified as Lease Site
18N9 23N, 24N9 36N, and 25N-30N (Texas Jet Bundle) ("Leased Premises"), as
shown in Exhibit "A", attached hereto and hereby made a part of this Lease for all
purposes.
2.
The Lease is hereby amended by deleting Section 3.1.4, "Ground Rate," of the Lease in its entirety
and replacing it with the following.
3.1.4 Ground Rate
From October 1, 2013 until September 30, 2021, Lessee shall pay Lessor annual
rent in the amount One Hundred Twenty -Two, Seven Hundred Sixty Eight and
88/100 Dollars ($122,768.88), which will be payable in twelve monthly
installments of Ten Thousand Two Hundred Thirty and 74/100 Dollars
($10,230.74).
3.
The Lease is hereby amended by adding Exhibit B to the Lease as attached to this Amendment.
4.
Except as expressly modified in this Amendment, all other terms and conditions of the Lease
shall remain in full force and effect.
5.
The statements set forth in the recitals above are flue and correct and form the basis upon which Lessor and
Lessee have entered into this Amendment. The Lease is a public document on file in Lessor's City
Secretary's Office and is incorporated herein by reference for all purposes.
6.
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 Page Follows)
Fort Worth Meacham International Airport
Texas Jet Partners, L.P..
Amendment No. 3 to CSC No. 33809
Page 2 of 6
IN WITNESS WHEREOF, the parties hereto have executed this Amendment in multiples on
this the Z3 / day of ,T,.,, , 2020.
CITY OF FORT WORTH:
By: �
Fernando Costa
Assistant City Manager
Date: w 2S/2d1V
a
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.
rd
GIVEN� ER MY HAND AND SEAL OF OFFICE this a� ..D day
V uoem 1/ . 2020.
°�a,� SELENA ALA
�: Notary Pu61ic, State of Texa
too Comm. Expires 03-31-2024
Notary ID 132422528
APPROVED AS TO FORM
AND LEGALITY:
omas Royce Hanse ,
Assistant City Attorney
M&C:
Approval Date:
Form 1295,
Fort Worth Meacham International Airport
Texas Jet Partners, L.P..
Amendment No. 3 to CSC No. 33809
Page 3 of 6
Nafary Public in and for the State of Texas
By:
J. Kayser, City
O��iCiAL REC®R®
CITY SECRETARY
FT. WORTH, TX
Contract Compliance Manager,
By signing I acknowledge that I am the person responsible for the monitoring and administration of this
nce and reporting requirements.
LESSEE:
TEXAS JET PARTNERS, L.P.
Managing Partner
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 Reed Pigman, Jr., 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 TEXAS JET PARTNERS,
L.P. and that s/he executed the same as the act of TEXAS JET PARTNERS, L.P. for the purposes and
consideration therein expressed and in the capacity therein stated.
UNDER MY HAND AND SEAL OF OFFICE this
2020.
.fib = My Notary Id # 6520242
of or, Expires May 10, 2022
,�
••.
Fort Worth Meacham International Airport
Texas Jet Partners, L.P..
Amendment No. 3 to CSC No. 33809
Page 4 of 6
day
Notary public in and for the State of Texas
EXHIBIT B - ADDITIONAL PROPERTY SURVEY
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Fort Worth Meacham International Airport
Texas Jet Partners, L.P..
Amendment No. 3 to CSC No. 33809
Page 5 of 6
LEASE EXHIBIT
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City of Fort Worth, Texas
Mayor and Council Communication
DATE: 06/16/20 M&C FILE NUMBER: M&C 20-0407
LOG NAME: 55FTW LEASE AMEND 3 FOR TEXAS JET BUNDLE LEASE
SUBJECT
Authorize the Execution of an Amendment No. 3 to City Secretary Contract No. 33809, an Unimproved Ground Lease Agreement, known as the
Texas Jet Bundle, with Texas Jet Partners, LP, to include 7,847 Square Feet of Land Adjacent to Hangar 29N at Fort Worth Meacham International
Airport (COUNCIL DISTRICT 2)
RECOMMENDATION:
It is recommended that the City Council authorize the execution of Amendment No. 3 to City Secretary Contract No. 33809, an Unimproved Ground
Lease Agreement, known as the Texas Jet Bundle, with Texas Jet Partners, LP, to include 7,847 square feet of land adjacent to Hangar 29N at Fort
Worth Meacham International Airport,
DISCUSSION:
On April 11, 2006, the City (Lessor) and Texas Jet Partners, LP (Lessee) entered into City Secretary Contract (CSC) No. 33809, a Ground Lease
Agreement for the lease and use of real property known as Lease Sites 18N, 23N, 24N, 36N, and 251\1-30N (Texas Jet Bundle), consisting of a
total of 719,341,52 square feet of ground space at Fort Worth Meacham International Airport. CSC No. 33809 contains a 25-year lease term that
would expire on September 30, 2031 and did not include provisions for renewal terms.
On November 12, 2012, (M&C C-25973), Amendment No. 1 to CSC No. 33809 was approved (CSC No. 33809-A1) to remove Lease Site 24N,
comprised of 41,139 square feet of ground space. The remaining sites total 678,202.52 square feet of ground space.
On January 28, 2014, (M&C C-26651), Amendment No. 2 to CSC No. 33809 was approved (CSC No. 33809-A2) to make significant
improvements to Lease Sites 18N, 23N and 27N. In consideration of these improvements, Texas Jet requested that a renewal term equal to 15
years be added to the Agreement in order to bring it to an aggregate total of 40 years, as allowed under Chapter 22 of the Texas Transportation
Code.
Lessor and Lessee now wish to amend the lease to include an additional 7,847 square feet of land consisting of a helipad and surrounding apron
adjacent to Hangar 29N. If approved, the total square footage of the Texas Jet Bundle will be increased to 686,049.52.
If approved, beginning the first day of the first month following the Effective Date of the amended lease until September 30, 2021, Lessee shall pay
Lessor annual rent in the amount of One Hundred Twenty -Two Thousand Seven -Hundred Sixty -Eight and 88/100 Dollars ($122,768.88), which will
be payable in twelve monthly installments of Ten Thousand Two Hundred Thirty and 74/100 Dollars ($10,230.74). Beginning October 1, 2021,
Lessee's rental rate shall be adjusted to equal the then current unimproved ground rental rate prescribed by the Schedule of Rates and Charges.
On October 1, 2022, and on October 1 each year thereafter, rental rates shall be subject to an increase based on the upward percentage change
in the Consumer Price Index for the Dallas -Fort Worth Metropolitan area. At no time will the adjusted rate exceed the rate that is current in the
Schedule of Rates and Charges.
If approved, all terms and conditions of the lease agreement will be in accordance with City of Fort Worth and Aviation Department policies.
ADVISORY BOARD APPROVAL: On May 21, 2020, the Aviation Advisory Board voted to recommend that the City Council approve this action.
Fort Worth Meacham International Airport is located in COUNCIL DISTRICT 2.
FISCAL INFORMATION /CERTIFICATION:
The Director of Finance certifies that upon approval of the above recommendation and execution of the lease, funds will be deposited into the
Municipal Airport Fund. The Aviation Department (and Financial Management Services) is responsible for the collection and deposit of funds due
to the City.
Submitted for City Manager's Office bv:
Originating Business Unit Head:
Fernando Costa 6122
Bill Welstead 5402
Additional Information Contact: Ricardo Barcelo 5403