HomeMy WebLinkAboutResolution Fort Worth Local Development Corporation (FWLDC) FWLDC-2016-07RESOLUTION NO. FWLDC-2016-07
FORT WORTH LOCAL DEVELOPMENT CORPORATION
RESOLUTION
OF THE BOARD OF TRUSTEES
Authorizing a Short -Term Lease Agreement with CHMIndustries, Inc.
for Approximately 55,000 Square Feet of Warehouse Space
at the Property Located at 4700 Blue Mound Road
WHEREAS, Fort Worth Local Development Corporation ("Corporation") is the owner of
real property located at 4700 Blue Mound Road ("Property"), which Properly is improved with a
parking area and a 130,000 square foot building ('Building"), among other improvements;
WHEREAS, CHM Industries, Inc., ("CHM") desires to lease on a short-term basis the
approximate 55,000 square feet of warehouse space at 4700 Blue Mound Road (collectively, "the
Premises") from Corporation for the purpose of manufacturing operations; and
WHEREAS, Corporation and CHM desire to enter into a short-term lease for the
Premises
NOW, THEREFORE, BE IT RESOLVED that the Corporation hereby authorizes a
short-term lease with CHM that provides the following:
(1) A month -to -month term starting on June 91h and expiring on or before October 1,
2016;
(2) Rental in the amount of $4,500/month;
(3) CHM will be responsible for all utilities, insurance, and maintenance;
(4) Corporation will be responsible for maintenance and repair of structural issues and
the roof and foundation; and
FURTHER RESOLVED, that the Secretary or any Assistant Secretary of the
Corporation is hereby authorized and directed to certify the adoption of this Resolution.
Adopted this 7th day of June, 2016.
B
Secretary