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HomeMy WebLinkAboutContract 11628-A4 CRY SECRETARY CONTRACT NO. - AMENDMENT NO. 4 AND RENEWAL AGREEMENT CITY SECRETARY CONTRACT NO. 11628 FORT WORTH MEACHAM INTERNATIONAL AIRPORT UNIMPROVED GROUND LEASE This RENEWAL AGREEMENT ("Lease") is made and entered into by and between the CITY OF FORT WORTH ("Lessor"), a home rule municipal corporation situated in Tarrant, Denton, Parker, and Wise Counties, Texas acting by and through Fernando Costa, its duly authorized Assistant City Manager, and JOHN J. JANOVETZ, d/b/a LONE STAR AERO ("Lessee"), a Texas company. Recitals The following statements are true and correct and form the basis of this Agreement: A. Lessor and Texas Aviation Engineering previously entered into City Secretary Contract ("CSC") No. 11628, an Unimproved Ground Lease for the lease and use of real property known as Hangar 50-5 Lease Site and any improvements and facilities thereon ("Leased Premises") at Fort Worth Meacham International Airport ("Airport"). B. CSC No. 33519 was executed to exercise the first (1st) five year option to renew effective January 1, 2006 and expiring on December 31, 2011. C. Lessor consented to an Assignment of the Lease, CSC No. 35823, by the Previous Lessee to Lessee. D. CSC No. 11628 was amended by CSC No. 35828 to increase the rental rates in accordance with the current established Aviation Department Schedule of Rates and Charges for similar property at the Airport. E. CSC No. 11628 was further amended by CSC No. 11628-A3 to add an additional five year option to provide the Lessee a total of forty (40) years and to continue the lease at the unimproved ground rate due to the investment and improvements proposed for the Premises. CSC Nos. 11628, 33519, 35823, 35828 and 11628-A3 are hereinafter collectively referred to as the "Lease". The Lease is a public document on file in the Lessor's City Secretary's Office. F. Lessor and Lessee recognize that CSC No. 33519 reflected the expiration date as December 31, 2011, instead of December 31, 2010 which gave Lessee a six-year term for the renewal option thus offsetting subsequent renewal options that would not coincide with the forty (40) year term. OFFICIAL RECORD' CITY SECRETARY 1 FT. WORTH, TX I E. Lessee hereby requests to correct the initial five year option and exercise the second option for renewal. In accordance with the provisions of the Lease, the Lessee has properly exercised its second (2"d) option to renew the Lease for a five year period. Agreement 1. CSC No. 33519 is hereby amended for the first (1st) option to renew for a five year period, commencing on January 1, 2006 and expiring on December 31, 2010. 2. The Lease is hereby renewed and extended for a second (2"d) term of five (5) years, commencing on January 1, 2011 and expiring on December 31, 2015. 3. All other terms and conditions of the Lease shall remain in full force and effect. [Signature Pages to Follow] 2 IN WITNESS WHEREOF,the parties hereto have executed this Agreement in multiples on this the me day of )I W 12012. CITY OF FORT WORTH: By: Fernando Costa Assistant City Manager Date: v 26/= STATE OF TEXAS § COUNTY OF TARRANT § BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, on this day personally appeared Fernando Costa, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that the same was the act of the City of Fort Worth and that he executed the same as the act of the City of Fort Worth for the purposes and consideration therein expressed and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE this - day 2012. EVONIA DANIELS SYt' '•fi's MY COMMISSION EXPIRES ?;rEw duty 10,2013 otary Public in and for the State of Texas APPROVED AS TO FORM ATTEST: AND LJEGALITY: By: �� r ' .�Z By: 1t1&"4V Charlene Sanders Assistant City Attorney City Secret ry ti p��oO� ���a M&C: V�oo o°04� o o Approved: / `o� '� ` /o� �' 00 OFFICIAL RECORD' CITY SECRETARY 3 FT WORTH, TX JOHN J. JANOVETZ ATTEST: d/b/a LONE STAR AERO: By: By: J. Ja ovet Date: 10?- 30 - 90// STATE OF TEXAS § COUNTY OF 1A e(Z.4A)`j § BEFORE ME,the undersigned authority, a Notary Public in and for the State of Texas, on this day personally appeared John J.Janovetz known to me to be the persons whose name is subscribed to the foregoing instrument, and acknowledged to me that the same was the act of John J.Janovetz and that he executed the same as the act of John J.Janovetz for the purposes and consideration therein expressed and in the capacity therein stated. EN UNDER MY HAND AND SEAL OF OFFICE this '30 day CEM 8E-4�- , 201y, Notary Pukic in and for the State of Texas o`"n'�►o'''. JONNIE RENEE' HUITT Notary Public,state of Texas My commission Expires May 20,2014 OFFICIAL RECORD CITY SECRETARY 4 FT. WORTH, TX r City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 1/24/2012 DATE: Tuesday, January 24, 2012 REFERENCE NO.: **C-25413 LOG NAME: 55FTW JANOVETZ 2ND 5YEAR SUBJECT: Authorize Execution of Amendment No. 4 and a Second Five-Year Option to Renew City Secretary Contract No. 11628 with John J. Janovetz d/b/a Lone Star Aero for Unimproved Ground Lease Site 50S at Fort Worth Meacham International Airport (COUNCIL DISTRICT 2) RECOMMENDATION: It is recommended that the City Council authorize the execution of Amendment No. 4 and a second five- year lease option to renew with John J. Janovetz d/b/a Lone Star Aero for Unimproved Ground Lease Site 50S at Fort Worth Meacham International Airport. DISCUSSION: City Secretary Contract (CSC) No.11963, a 25-year Ground Lease, with the option for two five-year extensions, of unimproved property for Lease Site 50S was executed with Texas Aviation Engineering on January 1, 1981, Mayor and Council Communication (M&C C-5442). On January 31, 2006, CSC No. 33519 (M&C C-21281)was executed to exercise the first five-year option to renew, effective January 1, 2006 through December 31, 2011. On September 11, 2007, a Consent to Assignment by Texas Aviation Engineering to John J. Janovetz d/b/a Lone Star Aero was approved, CSC No. 35823 (M&C C-22378). Two subsequent CSC's were executed to amend the original CSC No. 35828 (M&C C-22378) and CSC No. 11628-A3 (M&C C-23346) respectively. On September 1, 2011, City Staff received a request from Mr. John J. Janovetz to amend CSC No. 33519, to correctly reflect the five-year renewal term as January 1, 2006 through December 31, 2010 and to execute the second of three, five-year renewal options, in accordance with the Lease Agreement. This second option will be effective January 1, 2011 through December 31, 2015. In accordance with the established Schedule of Rates and Charges, this lease site of 3,120 square feet at a rate of$0.2402 per square foot will generate revenue of$749.42 per year or$62.45 monthly. The Lease will provide for one additional five-year option to renew. Rental rates shall be subject to an increase on October 1 st of any given year to reflect the upward percentage change, if any, in the Consumer Price Index for the period since the last adjustment. All agreement terms will be in accordance with City and Aviation Department policies. The property is located in COUNCIL DISTRICT 2. FISCAL INFORMATION /CERTIFICATION: The Financial Management Services Director certifies that the Aviation Department is responsible for the Logname: 55FTW JANOVETZ 2ND 5YEAR Page 1 of 2 i collection and deposit of funds due to the City. FUND CENTERS: TO Fu nd/Accou nt/C enters FROM Fund/Account/Centers PE40 491352 0551101 $749.42 CERTIFICATIONS: Submitted for City Manager's Office by Fernando Costa (6122) Originating Department Head: Kent Penney (5403) Additional Information Contact: Jonnie Huitt (5409) ATTACHMENTS No attachments found. Logname: 55FTW JANOVETZ 2ND 5YEAR Page 2 of 2