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HomeMy WebLinkAboutContract 43903-M1CITY SECRET AIQ'CONTRACT NO. _am: U els" CSC# 43903 - MEMORANDUM OF GROUND LEASE STATE OF TEXAS § COUNTY OF TARRANT § ORIGINAL This MEMORANDUM OF GROUND LEASE ("Memorandum"), is made and entered into by and between the CITY OF FORT WORTH, a home rule municipal corporation organized under the laws of the State of Texas, having an address at 1000 Throckmorton Street, Fort Worth, Texas 76102 ("Lessor"), and HANGAR 24N, LLC, a Texas limited liability company having an address at 250 Texas Way, Fort Worth, Texas 76106 ("Lessee"). RECITALS: A. On December 1, 2012, Lessor and Lessee entered into a Ground Lease Agreement ("Agreement") for Lease Site 24N-A ("Premises") at Fort Worth Meacham International Airport ("Airport") in Fort Worth, Tarrant County, Texas. B. The parties have agreed to enter into this Memorandum for the purposes of recording notice of the Lease to protect the rights and interests of Landlord and Tenant as to third parties. NOW, THEREFORE, the parties hereby make the following declarations: 1. The parties to the Agreement are the City of Fort Worth as Lessor, and Hangar 24N, LLC, as Lessee. 2. The Premises consist of approximately 63,275 square feet of ground space situated at the Airport, as more particularly described by metes and bounds on Exhibit "A" attached hereto and made a part hereof for all purposes. 3. The term of the Agreement commences on December 1, 2012. The term of the Agreement is thirty (30) years, unless sooner terminated in accordance with the provisions of the Agreement. 4. Should Lessee perform and abide by all provisions and conditions of the Agreement, upon expiration of the Initial Term, Lessee shall have one (1) option to renew for an additional ten (10) year term ("Renewal Term"). 5. Lessee has agreed, pursuant to the terms of the Agreement, to use and/or occupy the Premises solely for aviation -related purposes only and strictly in accordance with the terms and conditions of the Agreement. 6. In the event of any conflict or any inconsistency between the terms and provisions of the Agreement, on the one hand, and the terms and provisions of this Memorandum, on the other hand, the terms and provisions of the Agreement shall control. Nothing contained in this Memorandum shall alter, modify or amend the provisions of the Agreement, which remains in full force and effect according to d tlic hcir`tis an revisions thereof. oFr [1©IIt [L GEC © ; Qll1`tfr' 10-_1 IJ I i VIT: Wies.CM`u .1;?1,1„, ((OK RECEIVED JUN 091014 7. Additional provisions are as set forth in the Agreement, including, without limitations, provisions regarding ownership of improvements 8. The person signing this Memorandum hereby warrants that he/she has the legal authority to execute this Memoiandum on behalf of the respective party, and that such binding authority has been granted by proper order, resolution, ordinance or other authorization of the entity. The other party is fully entitled to rely on this warranty and representation in entering into this Memorandum. [Signature Pages Follow] IN WITNESS WHEREOF, the parties hereto have executed this Memorandum on this the day of , 2014. r LESSOR: CITY OF FORT WORTH B y : Ssoch Fernando Costa, Assistant City Manager STATE OF TEXAS COUNTY OF TARRANT § Date: 41/41/44 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 Car day •1 r r 1 1 •.■ 11 +.0 •t• • • I • • 6' so • sw. • •• - ••.' c T ���'' ��O 1.1`%% • ff I. I J 1 V • a Os—i • 1r 1 1S. EVONIA DANIELS Notary Public, State of Texas My Commission Expires July 10, 2017 Y • , 2014. alfruce l ( otary Public in and for the State of Texas APPROVED AS TO FORM AND LEGALITY: By: _ Charlene Sanders, Assistant City Attorney Date: 11 NO IVI&Cakt UM D O L tj; U © L P L RECORD( ©Mt SECRETARY qu WOR -�� x f LESSEE: HANGAR 24N, LLC By: Reed Pigm President Date: STATE OF COUNTY OF Patna § BEFORE MP,, 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 HANGAR 24N, LLC and that he executed the same as the act of HANGAR 24N, LLC for the purposes and consideration therein expressed and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE this S day `/� , 2014. LESA MAOKE MY COMMISSION EXPIRES May16,2018 II I Notary Public in and for the State of Texas 1a=ens P.0.13. N . MS05.3.21 E-23;6601.71 • • LOT A-1, MOCK 1 C'ewn Ate mama( Awrog' I. el CA➢1t4tT A ELIDES 2445-2447 �`. .} _. 1 HANGAR 26N room PCT N16fr1N2WAW. 3 0114.‘Vir E 5174' 5 r{.tar vt _'--14J1' t,5 _ . _ : _ .. . _ ' _ .RZCrq'1S.Efl.PC .. - " .�: _ :::...'..'_'•':. •. - • 3atsa Zttr-At • - •Nt& 4.4S2- AtRfs `-- era:DY 10 T1 aro rant -" XL 170117+0 • MOTES A 1ta' IRON ROO SET MTH A RE» PLASi1C CAP SWIPED -art OF FT: •CWH SURVEY (TNSIpN' UNLESS DTiIERT6Y- NOBEO HEREON. ii DENOTES A MA X SET MTh CONCRETE 'wt UNLESS OT1lfi.I C HOOD NE IION. O UNDIES A VW RCM S?HmtE Car SET 66 a 63 D?0 IVO GIt4P.i}IG S'Ci IN FEW t`A trrtirw.s °Po`r wowdAteuvi Exhibit "A" &010.411,3714 • • • rDsS SIT )(CIGAR ITERA11ttai TEXAS -CT LEASE SITE 'A' vEL. 6516, PS E67 DR.,TC.T, candrte BLOCK 1 MflC1 U AIRPORT CABINET A, SLIDES 2445-2447 • mertS A mina,/ OF LEASE StTC A' PEit VOL. t74a. PG 263 ➢,*.tC,t MAC Al, AREA or DIM KRIS TO MOVE A PART OF LEASE 24ts-h 'sr=043,2. -6/a -"CRY OF FL TMTM rywe DM7cs- _-Ste in}ENOCE. WM iNdaitioal Let a t Itmatin orniwor WA Se 4 h Sag a 1u 11». k4 Ifi ri- ss w ,r r Om.. stow% av POT _ +rseea.. taint .. e..+1i Jttensw IT RTtett LZR MEACHAM BLVD. .!EM ._Y:OOP TEAM .K, LEASE SITE •Zr VEIL 6546, Pa 267 aA.,T.C..7. w/u.PtZ GLIZVEY A— 405 33.00X 1 HEAloilal AIRPORT -CAB➢CCT Ar SLIDES 2445-E447 P.➢..T.C.,T. = wti MAP OF SURVEY 85Own(G LUST 24H—A arts-rs a — SITUATED Di BLOa 1, wEACRAM AIRPORT 6CCORO/NC SO PLAT RECORDED IN CASTNET A, SLIDES 2445-2.447, PUT MORES OP TARRANT comm. TEXAS. )M* P[rMnd ♦r germ X. Gsmr C-1J aM15-211S) 7A40TS ¢t tiiC TnftS* k1 SCrrgwerrn CA $ts IronspntaLLOA k Hale i`,sstss Dot. Se'1r.7m0 StMCtt ._.. optic r25-2172 WaS I' IL 5a DRM4t BT SAC Pa NO. 167➢Z003 ,. a.. r ,,.-r. TA. k - - .~ Exhibit "A" FORT WORTH REAL PROPBRIT DE PTO FOR ALVACILAM AIRPORT LEASE 24N-A Being a parcel of land situated in Block 1 Meacham Airport, according to plat recorded in Cabinet A, Slides 2445-2447, Plat Records of Tarrant County Texas, and including a portion of Texas Jet Lease Site "A" per deed recorded in Volume 6546, Page 267, Deed Records of Tarrant County Texas, (formerly leased by "Pipet Southwest" also known as Lease 24N) and being more particularly described by metes and bounds as follows: Beginning at a 5/8" iron rod set with a red plastic cap stamped "CITY OF F l . WORTH SURVEY DIVISION"(all 5/8" iron rods set so capped unless otherwise noted) at the northwest corner of herein described parcel; THENCE: with the northerly line of herein described parcel, North 81 degrees 14 minutes 55 seconds East, 37.01 feet pass a 5/8" iron rod set for the southwest corner of Meacham Lease Site 35N, and further 25.0 feet pass a 5/8" iron rod set for the northwest corner of said lease Site "A" and further 156.35 feet pass a cotton spindle gear set for the southeast corner of said Lease 35N, m all, 232.57 feet to a mark "X" set in concrete with concrete nail at the northeast corner of herein described parcel; THENCE: departing said northerly line, South 02 degrees 02 minutes 37 seconds East 275.55 foot to a mark "X" set in concrete with concrete nail at an ell comer ofherein described parcel; TI-IENCP.: South. 87 degrees 57 minutes 07 seconds West, 13926 feet to a mark "X" set in concrete with concrete nail at an interior ell corner of herein described parcel; THENCE: South 08 degrees 45 minutes 49 seconds East, 85.92 feet pass a cotton spindle gear set m asphalt for the southwest corner of said Lease Site "A' , in all, 105.56 feet to a cotton spindle gear set in asphalt at an ell corner of herein described parcel; • THENCE: parallel with and 81.0 feet north of the centerline of taxiway ` E", North 87 degrees 45 minutes 15 seconds West, 63.17 feet to amark "X" set in concrete with concrete nail at the southwest comer of herein described parcel; TRANSPORTATION AND PUBLIC WORKS DEPARTMENT SURVEYLYG SERVICES Crnc OF Fozr Woan w S$51 Camp Bowie Blvd West * Fora WORTH, Texas 76116 817 3924925 * FAX 817-392-7895 Kxhibit "A" THENCE: North 08 degrees 45 minutes 49 seconds West, 350.92 feet to the Place of Beginning, and containing 1.452 acres (63,275.0 square feet) of land Surveyed on the ground in September of2012, Basis of Bearings: City of Fort Worth Integrated G.P.S. Network System, N.A.D. 83, North Central Texas Zone. Distances are ground measurements, In accordance with the Texas 1=3oard of Professional Land Surveying, General Rules of Procedures and Practices, 663 19(9), This ` report" consists of the hereon real property description, and a Map of Survey being attached herewith. TRANSPORTATION AND PUBLIC WOR1CS DEPARTMENT SURVEYmG SERVICES TBI CM' OF FORT Woirii * 8851 Camp Bowie Blvd West * Fostr WORTH, TEXAS 76116 817 392-7925 * Fax 817-392-7895