HomeMy WebLinkAbout(0015) M&C 21-0581City of Fort Worth,
Mayor and
DATE: 08/17/21
Texas
Council Communication
LOG NAME: 21 OMNI AIR LEASE AMENDMENT
SUBJECT
M&C FILE NUMBER: M&C 21-0581
(CD 7) Authorize the Execution of an Amendment to City Secretary Contract No. 53692, a Lease Agreement with Omni Air International, LLC, to
Increase the Lease Space to Approximately 53,436 Square Feet of Industrial Space in the Structures Building Located at the Alliance Fort Worth
Maintenance Facility, 2070 Eagle Parkway, Fort Worth, Texas 76117
RECOMMENDATION:
It is recommended that the City Council authorize the execution of an amendment to City Secretary Contract No. 53692, a lease agreement with
Omni Air International, LLC, to increase the lease space to approximately 53,436 square feet of industrial space in the Structures building located
at the Alliance Fort Worth Maintenance Facility, 2070 Eagle Parkway, Fort Worth, Texas 76117.
DISCUSSION:
Omni Air International, LLC (OAI) is a private airline that provides charter services around the globe for U.S. and foreign military troops, military
family members, government employees and natural and humanitarian disaster relief. OAI is currently operating at the Alliance Fort Worth
Maintenance Facility (AMF). OAI has requested additional lease space for storage and maintenance in the Structures building at the AMF.
The City of Fort Worth Property Management Department and OAI have agreed to amend the current lease agreement (City Secretary
No. 53692) under the following terms:
• Increase the leased premises in the Structures Building to approximately 53,436 square feet of space; and
• Revise the base rent payment schedule to include the additional square footage to the entire leased premises as follows:
Terre
Price per
Square Foot
Monthly
Annually
Upon execution of this first
$1.00 per SF
$4,479.58
$26,877.48
amendment - March 2022
Year 3
$1.00 per SF
$4,479.58
$53,775.00
Year
$1.10 per SF
$4,927.54
$59,130.50
Year 5
$1.20 per SF
$5,375.59
$64,506.00
This property is located in Council District 7.
FISCAL INFORMATION / CERTIFICATION:
The Director of Finance certifies that upon approval of the above recommendation and execution of an amendment to the lease agreement, funds
will be deposited into the Alliance Maintenance Facility Fund . The Property Management Department (and Financial Management Services) is
responsible for the collection and deposit of funds due to the City.
Submitted for City Manager's Office by. Dana Burghdoff 8018
Originating Business Unit Head: Steve Cooke 5134
Additional Information Contact: Mark Brown 5197
Ricky Salazar 8379