HomeMy WebLinkAboutContract 55083-CR1CSC No. 55083-CR1
STATE OF TEXAS §
COUNTY OF TA_RR.ANT
CORR_GCTION TO CITY SECRETARY CONTRACT NUMBER 55083
TAX ABATEMENT AGREEMENT
This CORRECTION TO CITY SECRETARY CONTRACT NO. 55083
("Coa-rection"} is made and entered into by and between the CITY OF FORT WORTH, a ho�ne-
rule inunicipal corparation of the State of Texas ("City"}, acting by and through its duly authorized
Deputy City Ma�iager, AItiAT INTERNATIONAL, INC. {"Company"), a California
corporation; and NP-OV FORT WORTH PROJECT 1, LLC ("Owner"), a Delaware limited
liability compa�ly.
WHEREAS, the City, Co�npany, attd Own�r entered into a Tax Abatement Agreeinent for
a corporate ot�fice and regional distribution hub to be located at 1520I BIue Maund Road in Tax
Abatement Rei�i�estinent Zone ] 00, tl�e saine being City Secretaiy Coi�tract No. 55083
("Agreement");
WHEREAS, the tei•m of tl�e abatement in the Agreement was mistake�ily stated as
commencing on January 1, 2023 and expiring on December 31, 2032;
WHEREAS, the trt�e and correct abateme�lt term coinmences on January 1, 2022 and
�xpires on December 31, 2031, whicl� is evidenced by the agreement of the Parties hereto, the
context af the Agreement, and Mayor and Council Communication 24-0495;
WHEREAS, the Par�ies desire to correct the Agreement to memorialize the true and
eorrect aba#e�nent term;
NOW, THEREFORE, in consicEeration of the rnutual covenants contained herein, the
Parties hereto do hereby agree as follows:
�
Section 2, Defi�iitioiis, "Abatement Term" is hereby defi��ed as follows:
"Abatement Term means the tenn of nine (9) years, commencing on
Januaiy I, 2022 and expiring oi� December 31, 2031, in which Company
will receive the Abatement."
2.
All terms i» this Correc#ion that are capi#alized but not defined have the mea�iings assigned
to tliem in tEle Agreeinent.
IN WITNESS WHEREOF, tlie parties hereto have executed this Corr•ection in Fart Worth,
Tarra�rt Coun#y, Texas.
[SIGNATURES IMMEDIATELY FOLLOW ON NEXT THREE (3) PAGES
OFFICIAL RECORD
CITY SECRETARY
Correction of CSC 55083 FT. W�RTH, TX
CITY OF FORT WORTH:
B Jesus J. Chapa (Apr 12, 202119:34 CDT) y: ___________ _ Jesus J. Chapa
Deputy City Manager
Apr12,2021 Date: ____________ _
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.
h6,,,z-Stz,,,.,u,
B y: __________ _ Robert Sturns
Director, Economic Development
M&C 20-0495 (August 4, 2020)
STATE OF TEXAS §
COUNTY OF T ARRANT §
ATTEST:
�?� By: ____________Mary Kayser
City Secretary
Apr24,2021 Date: ____________ _
APPROVED AS TO FORM
AND LEGALITY
rwdtac.i By: _________ _ Tyler F. Wallach
Assistant City Attorney
BEFORE ME, the undersigned authority, on this day personally appeared Jesus J. Chapa,
Assistant City Manager of the CITY OF FORT WORTH, a municipality organized under the
laws of the State of Texas, known to me to be the person and officer whose name is subscribed to
the foregoing instrument, and acknowledged to me that the same was the act of the CITY OF
FORT WORTH, that he was duly authorized to perform the 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.
April GIVEN UNDER MY HAND AND SEAL OF OFFICE this 2� day of_____ _, 2021.
Notary Public in and for
the State of Texas Selena Ala
Notary's Printed Name
Correction of CSC 55083
SHrnA AlA
0 Notary Public *STATE OF TEXAS� Notary 1.0. 1324225281oF� My Comm. Exp. Mar. 31, 2024
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ARIAT INTERNATIONAL, INC.
a California corporation:
By r,::,.�.
PankajG�
CFO/COO
Date:. __ "11----'-'v;___3_o---,,r-=o2.o=--',2J,,,.__ ____ _
STATE OF CALIFORNIA §
COUNTY OF ALAMEDA §
BEFORE l'v1E, the undersigned authority, on this day personally appeared Pankaj Gupta,
CFO/COO, of ARIAT INTERNATIONAL, INC. known to me to be the person whose name is
subscribed to the foregoing instrument, and acknowledged to me that s/he executed the same for the
purposes and consideration therein expressed, in the capacity therein stated and as the act and deed
of ARIAT INTERNATIONAL, INC.
GIVEN UNDER MY HAND�ls...�tcc,+ -,2021.
/tL� (A-._ \Mc_,�
Notaiy Public in and for
the State of California
c;,,0 Set--.'\ � , \J\f\�s. -\-c r-5
Notaiy's Printed Name
Con-ection ofCSC 55083
AND SEAL OF OFFICE this 3c,"" day of
1············fSUSAN A. MASTERS : Notary Public -California z I Alameda County §;
Commission � 2206654 -
My Comm. Expires Aug 19, 2021
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NP-OV FORT WORTH PROJECT 1, LLC, A Delaware limited liability companyBy: NPD Management, LLC, its ManagerBy:� NaelHagedornagerDate: Ray· I I J 2 I 2.0 2-1
STATE OF MISSOURI §
COUNTY OF PLATTE § BEFORE ME, the undersigned authority, on this day personally appeared NathanielHagedorn, Manager of NPD Management, LLC, the Manager of NP-OV FORT WORTH
PROJECT 1, LLC, known to me to be the person whose name is subscribed to the foregoinginstrument, and acknowledged to me that s/he executed the same for the purposes and considerationtherein expressed, in the capacity therein stated and as the act and deed of said limited liabilitycompanies.Correction ofCSC 55083 HAND AND SEAL OF OFFICE this � day ofLISA L BEASLEY
Notary Publlc • Notary Seal
Platte County . State of Missouri
commission Number 19497 5 5 7
My Commission Expires Sep 10, 2023
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