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HomeMy WebLinkAboutContract 57671 City Secretary Contract # _ 57671_____ LEASE AMENDMENT TO LAKE WORTH RESIDENTIAL LEASE AGREEMENT This LEASE AMENDMENT TO LAKE WORTH RESIDENTIAL LEASE AGREEMENT ("Amendment")is entered into by and between Andrew Doka and Virginia Doka("Fenant")and City of Fort Worth,a Texas home rule municipal corporation("Landlord"). WHEREAS on March 15, 1982 Landlord entered into a lease agreement(the "Lease") with Andrew Z. Doka and Doris Doka for property located at 8641 Heron Drive with a legal description more particularly described as Lot 20,Block 29,Lake Worth Leases Addition,Fort Worth,Tarrant County,TX(the"Leased Premises"),said Lease attached hereto as Exhibit"A"; and WHEREAS the Lease has a term of a fifty(50)years ending on January 31,2032 and was recorded in the Official Real Property Records of Tarrant County, Texas on August 8, 2000 under document number D200175994;and WHEREAS Andrew Doka and Virginia Doka inherited Andrew Z. Doka's interest in the Lease and the Lease is now solely between Landlord and Tenant; and WHEREAS on June 28,2019 the Leased Premises was replatted and it is necessary to amend the Lease to correctly identify the legal description of the Leased Premises;and WHEREAS,pursuant to Section 272.001(h) of the Local Government Code, Landlord is authorized to sell the property to the person leasing the land for the fair market value of the land as determined by a certified appraiser; WHEREAS, Landlord and Tenant desire to effect a sale of the Leased Premises from Landlord to Tenant under Section 272.001(h) of the Local Government Code for the fair market value of the land, and, contemporaneously with this Amendment,is entering into a Purchase and Sale Agreement for the purchase of the Leased Premises by Tenant within eighteen(18)months of the execution of the Purchase and Sale Agreement;and WIIL'REAS, the existing Lease does not provide for terms of disposition of the Leased Premises in the event of a sale or for the terms of the termination of the Lease in the event of a failure to purchase the OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX Leased Premises under the Purchase and Sale Agreement, and the parties desire to amend the Lease to provide for such terms. NOW THEREFORE, in consideration of the mutual agreements herein and other good and valuable consideration,the parties agree as follows: 1. Lezal Description of the Leased Premises.Section I is amended to describe the Leased Premises as follows: Lot 20R-1 and 20R-2,Block 29,Lake Worth Leases Addition,an addition to the City of Fort Worth, Tarrant County, Texas, being situated in the R. Langster Survey,Abstract No. 976 and as shown by the plat recorded on June 28, 2019 as document number D219141207 in the Official Real Property Records of Tan-ant County,Texas 2. Term. The term of the Lease is hereby amended to end upon the closing of the sale of the Leased Premises under the Purchase and Sale Agreement,which shall occur within eighteen(18)months after the Amendment Effective Date("Closing Deadline"). If the closing of the sale of the Leased Premises has not occurred by the Closing Deadline,this Lease shall expire on the Closing Deadline. 3. Expiration of Lease. Section VII EXPIRATION OF LEASE is hereby deleted in its entirety and replaced with the following: KVII. EXPIRATION OF LEASE A. Any buildings, improvements, additions, alterations, and fixtures (except furniture and trade fixtures)constructed,placed,or maintained on any part of the Leased Premises during the lease term are considered part of the real property of the Landlord and must remain on the Leased Premises and become Landlord's property when the Lease terminates. B. Before the Lease terminates, Tenant shall remove all personal property, furniture, machinery,or equipment in,under,or on the Leased Premises.Before the Lease terminates, Tenant must repair any damage to any buildings or improvements on the Leased Premises resulting from the removal.Any such items not removed by the lease termination date will become Landlord's property on that date." 4. Ownership of Improvements. Section X OWNERSHIP OF IMPROVEMENTS is hereby amended by adding the following sentence at the end of the Section: "Upon expiration of this Lease through the closing of the sale of the Leased Premises under the Purchase and Sale Agreement, Tenant shall retain all right, title, and interest in the improvements on the Leased Premises; however, upon the expiration of this Lease without a closing of the sale of the Leased Premises under the Purchase and Sale Agreement,all right,title, and interest in the improvements on the Leased Premises shall vest in Landlord without further payment by Landlord to Tenant for the improvements,and Tenant shall not have any right to enter upon the Leased Premises." 5. Continued Terms and Provisions. All of the terms and provisions of the Lease between the parties shall remain in full force and effect except as specifically amended herein. [signature page follows] Executed to be effective as of the date this Amendment is executed by the City. LANDLORD: CITY OF FORT WORTH,TEXAS, a Texas municipal corporation By. 2CDT) Dana Burghdoff, Assistant City Manager APPROVED AS TO FORM AND LEGALITY: Matthew Murray Assistant City Attorney M&C: L-15964 aq�FORra 1295: N/A Fo°°°°°°°°�I•D�d� 0 ATTEST: O° ° =d da ° ° ° 00 °O00000 d J etteS.Goodall(Jun10,202205W HST) �� TEXpSdaQ Jannette S. Goodall �������� City Secretary City of Fort Worth 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. Name of Employee: Ni hinsky Title: Land Agent TENANT: Print d Name: n rew )oka Printed me: Virginia Doka OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX STATE OF TEXAS § COUNTY OF TARRANT § This instrument was acknowledged before me on the 9th day of `1 u n e ,2022,by Dana Burghdoff, Assistant City Manager of the City of Fort Worth, a Texas municipal corporation, on behalf of that entity, o,�p.RY PVe/ SELENA ALA _ n Notary Public • / * STATE OF TEXAS .9jw�AL, u'9�0000OFVVVV�+Q. Notary I.D. 132422528 Selena Ala(Jun 9,202213:17 CDT) My Comm. Exp. Mar.31,2024 Notary Public STATE OF TEXAS § COUNTY OF TARRANT § This instrument was acknowledged before me on the 9 day of , 2022, by Andrew Doka. �N%I%klnn+u���� • 10 "1TF o f N6 •; = Notary Public 0 7- TATE OF TEXAS § COUNTY OF TARRANT § This instrument was acknowledged before me on the day of 5Q6,,914 , 2022, by Virginia Doka. \\\��NIIHIINIINh1v ZASHWS Y ii sr Py Notary Public rFaft '� OFFICIAL RECORD Vol ;;;;;;a ��\ CITY SECRETARY FT. 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