HomeMy WebLinkAbout(0104) M&C 21-0684City of Fort Worth, Texas
Mayor and Council Communication
DATE: 09/14/21 M&C FILE NUMBER: M&C 21-0684
LOG NAME: 55FTW CONSENTASSIGNMENT GRND LEASE 10, HANGAR 9S, POLLARD
SUBJECT
(CD 2) Authorize Execution of a Consent to Assignment of City Secretary Contract 41118, a Ground Lease Agreement for Lease Site 10, Hangar
9S by Sandpiper Operating, LLC to Pollard Aircraft Sales, Inc. at Fort Worth Meacham International Airport
RECOMMENDATION:
It is recommended that the City Council authorize execution of a Consent to Assignment of City Secretary Contract 41118, a ground lease
agreement for Lease Site 10, Hangar 9S by Sandpiper Operating, LLC to Pollard Aircraft Sales, Inc. at Fort Worth Meacham International Airport.
DISCUSSION:
On November 11, 2010, the City (Lessor) and Don E. Hansen, an individual, entered into City Secretary Contract (CSC) 41118, known as
Unimproved Ground Lease Agreement for Lease Site 10/ Hangar 9S (Lease 41118) at Fort Worth Meacham International Airport.
On or about March 23, 2021, the Lessor consented to an assignment by Don E. Hansen (Former Lessee) and Sandpiper Operating, LLC
(Lessee) to assign all of Former Lessee's rights, title and interest in the leased premises due to Former Lessee changing the name in which
business is done to Sandpiper Operating, LLC.
On or about July 1, 2021, staff received a request from Lessee to consent to an assignment of Lease 41118 to Pollard Aircraft Sales, Inc. Upon
City Council approval, Pollard Aircraft Sales, Inc. will assume the leasehold interest and obligations associated with the lease.
Lease Site 10 consists of a 23,500 square foot hangar and 100,324.08 square feet of ground space. The initial term of the lease commenced on
November 11, 2010 and expires on May 31, 2026. In addition to the initial term, Lease 41118 provides the option to renew upon expiration of the
initial term. Renewal options allow Lessee two (2) consecutive options to renew for successive terms of five (5) years each.
Lease 41118 prohibits any assignment of the lease or causing any lien to be made on improvements constructed on the leased premises without
City Council approval. These types of transactions are routine for airport tenants and staff has no objection to this request.
Under the current agreement, Sandpiper Operating, LLC remits the amount of $43,733.88 annually to the City, payable in monthly installments of
$3,644.49. After the assignment, Pollard Aircraft Sales, Inc. will remit the same amount and be subject to the provisions contained within the
original agreement.
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 by. Fernando Costa 6122
Originating Business Unit Head: Roger Venables 5402
Additional Information Contact: Ricardo Barcelo 5403