HomeMy WebLinkAboutContract 52485-R1 CSC No.52485-R1
CSC No. 52485
CITY OF FORT WORTH
CONTRACT RENEWAL NOTICE
September 30,2021
The Hertz Corporation
Stephen Blum, Senior Vice President, Real Estate and Facilities
8501 Williams Road
Estero, FL 33928
Re: Contract Renewal Notice
Contract No. CSC No. 52485 (the"Contract")
Renewal Term No. 1: December 1, 2021 to November 30, 2023
The above referenced Contract with the City of Fort Worth expires on November 30,2021
(the "Expiration Date"). Pursuant to the Contract, contract renewals are at the sole option of the
City. This letter is to inform you that the City is exercising its right to renew the Contract for an
additional two (2) year period, which will begin immediately after the Expiration Date. All other
terms and conditions of the Contract remain unchanged. Please return this signed
acknowledgement letter, along with a copy of your current insurance certificate, to the
address set forth below, acknowledging receipt of the Contract Renewal Notice. Failure to
provide a signed acknowledgment does not affect the renewal.
Please log onto PeopleSoft Purchasing at http://fortworthtexas.gov/purchasing to insure
that your company information is correct and up-to-date.
If you have any questions concerning this Contract Renewal Notice, please contact me at
the telephone number listed below.
Sincerely,
7
Parking Operations Manager
Peter Elliott
(817) 392-7977
OFFICIAL RECORD
CITY SECRETARY
FT.WORTH, TX
Contract Renewal Page I of 2
CSC No. 52485
ACCEPTED AND AGREED:
CITY OF FORT WORTH CONTRACT COMPLIANCE MANAGER:
By signing I acknowledge that I am the person
responsible for the monitoring and administration
Dc�hc� Burcih�loff of this contract,including ensuring all
By: Dana Bureh d 28.202114:07 CDT) performance and re rting requirements.
Name: Dana Bur hg doff
Title: Assistant City Manager
By:
Name: Peter Elliott
APPROVAL RECOMMENDED: Title: Parking Operations Manajzer
APPROVED AS TO FORM AND LEGALITY:
By: WJ(Olt 7,20 09:34 CDT)
Name: William Johnson
Title: Transportation and Public Works Director By.
Name: Christopher Austria
ATTEST: Title: Assistant Assistant CityAttorney
CONTRACT AUTHORIZATION:
M&C: C-28987
By: W ' Date Approved: 1/15/2019
Name: Ronald Gonzales ao�FORp��aa
Title: -Acting 7 O°°°°°°°°°° a Form 1295 Certification No.: 2018-427332
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The Hertz Corporation aa�nExpS���
By: 6
Name: Stephen Blum
Title: Senior Vice President,Real Estate and Facilities
Date: 10/07/2021
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
Contract Renewal Page 2 of 2
M&C Review Page 1 of 2
Official site of the City of Fort Worth,Texas
CITY COUNCIL AGENDA FORT WORTH
COUNCIL ACTION: Approved on 1/15/2019
DATE: 1/15/2019 REFERENCE NO.: **C-28987 LOG NAME: 20HERTZ LEASE
2018
CODE: C TYPE: CONSENT PUBLIC NO
HEARING:
SUBJECT: Authorize Execution of a Three-Year Lease with a Two-Year Renewal Option with the
Hertz Corporation for Office Space and Parking Spaces at the Municipal Parking Garage
Located at 917 Taylor Street at an Annual Rent of$46,851.48 the First Year (COUNCIL
DISTRICT 9)
RECOMMENDATION:
It is recommended that the City Council:
1. Authorize the City Manager or his designee to execute a lease with the Hertz Corporation for
approximately 914 square feet of office space at an annual rent of$18,051.48 the first year and 20
parking spaces at an annual rent of$28,800.00, at the Municipal Parking Garage Premises, 917
Taylor Street; and
2. Authorize a three-year term for the lease beginning December 1, 2018, with an option to extend
for one additional two-year term.
DISCUSSION:
The Hertz Corporation (Hertz) currently leases 914 square feet of office space at$19.75 per square
foot and 20 parking spaces at$110.00 per space in the Municipal Parking Garage, 917 Taylor Street,
for a car rental facility. The lease expired November 30, 2018, and staff recommends entering into a
new lease. The term of the lease will be three years beginning on December 1, 2018, and ending
November 30, 2021. The lease also includes one additional two-year term through November 30,
2023 upon the City's receipt of a written notice from Hertz at least 60 days prior to expiration of the
lease's initial term.
This lease provides for 914 square feet of office space and 20 parking spaces at a total annual rent of
$46,851.48 for the first year. The rent will be paid monthly in the amount of$3,904.29, which is
$1,504.29 per month for the office space and $2,400.00 for the parking spaces. Six of the parking
spaces are contiguous spaces on Level 1A and the remaining fourteen of the parking spaces are
non-contiguous spaces on the sixth floor of the parking garage and in the Motor Pool Lot in the 900
block of Taylor Street.
Under the lease, rent will increase for the office space to $20.34 per square foot in the second year of
the initial term and will increase to $20.95 per square foot on the third year of the initial term. The
lease of the parking spaces will increase to $120.00 per space starting in the first year of the new
lease. If the lease is renewed, the rent for the parking spaces and office space shall remain the same
as outlined in the third year of the initial term.
This lease is located in COUNCIL DISTRICT 9.
FISCAL INFORMATION/CERTIFICATION:
The Director of Finance certifies that the Transportation and Public Works Department, Parking
Services Division, is responsible for the collection and deposit of funds due to the City.
http://apps.cfwnet.org/council_packet/Mc review.asp?ID=26522&councildate=l/15/2019 6/18/2019
M&C Review Page 2 of 2
TO
Fund Department Account Project Program Activity Budget Reference# Amount
ID ID Year Chartfield 2
FROM
Fund Department Account Project Program Activity Budget Reference# Amount
ID I ID I I Year Chartfield 2
Submitted for City Manager's Office by: Susan Alanis (8180)
Originating Department Head: Steve Cooke (5134)
Additional Information Contact: Peter Elliott(7977)
ATTACHMENTS
1295 Form-Hertz Redacted.pdf
Hertz Parking Spaces.pdf
http://apps.cfwnet.org/council_packet/mc review.asp?ID=26522&councildate=l/l5/2019 6/18/2019
Signature: per'
Peter Elliott(Oct 12,202112:16 CDT)
Email: peter.eitiott@fortworthtexas.gov