HomeMy WebLinkAboutResolution Fort Worth Local Development Corporation (FWLDC) FWLDC-2015-07F4,,AT--47 "CATA r7*CAL *E1TTT4,,-?ME1T C*At*MkTI*
RESOLUTION
OF THE BOARD OF TRUSTEES
WHEREAS, Fort Worth Local Development Corporation ("Corporation") is the owner of
real property located at Lot 1, Block 1, Hobbs Trailer Addition of the City of Fort Worth, Tarrant
County, Texas, with a street address of 4600 Blue Mound Road ("Property") and of the 224,800
square foot facility located on the Property ("Facility");
WHEREAS, the broker, Transwestern Commercial Services, Fort Worth, LLC
("Transwestem"), has assisted in locating a tenant, Anchor Fabrication, LLC, for the Facility;
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I t0lu I 1DOW M "'FM r-011 01"A U RIM I INN 191
(1) If and when Corporation enters into a lease agreement with a tenant for the Facility,
Broker shall thereupon have fully earned a leasing commission;
(2) Commission is 4.5% of the base rent or minimum rent;
(3) Commission payments for the full term of the lease shall be as follows:
0 I't - $ 8,910 (upon full execution of lease)
0 2 d $18,355 (January)
0 3 d $18,905 (January)
0 4h - $19,472 (January)
0 5tb - $20,057 (January)
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/17'h day of November, 2015
Dennis Shingleton
Secretary