HomeMy WebLinkAboutContract 11963-R2 CITY SECRETARY
CONTRACT NO.%fit ko ff—Qa-
RENEWAL AGREEMENT
CITY SECRETARY CONTRACT NO. 11963
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 ATKINSON, FRANCIS, AND WELCH
("Lessee"), acting by and through Mr. Vance Atkinson, Ken Francis and Troy Welch, its duly
authorized Owners.
Recitals
The following statements are true and correct and form the basis of this Agreement:
A. Lessor and Lessee previously entered into City Secretary Contract ("CSC") No.
11963, (collectively the "Lease"), an Unimproved Ground Lease Site 34-S at Fort Worth
Meacham International Airport ("Airport") and agreement giving Tenant the right to store
aircraft on such property at the Airport. The Lease commenced on June 1, 1981 and expired on
November May 31, 2006, subject to renewal at Lessee's option for two (2) consecutive terms of
five (5) years each.
B. The Lease has previously been renewed one (1) time for a consecutive term of
five (5) years as provided. The first renewal term expires on June 1, 2011. In accordance with
the provisions of the Lease, Lessee has properly exercised its option to renew the Lease for a
final term of five(5) years.
Agreement
1. The Lease is hereby renewed and extended for a final term of five (5) years, commencing
on June 2, 2011 and expiring on June 1, 2016.
2. All other terms and conditions of the Lease shall remain in full force and effect.
OFFICIAL ROCORD
CITY SECR TARY
FT.WORTH,TX
1
IN WITNESS WHEREOF, the parties hereto have executed this Agreement in multiples on this
the,,p Nday of , 2011.
CITY OF FORT WORTH:
By: (.sr.L.
Fernando Costa
Assistant City Manager
Date: 5l7 /
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 17 day
92011.
S PIRES
otary Public in and for the State of Texas
APPROVED AS TO FORM ATTEST:
AND LEGALITY:
By, '1 c�Gc By.
Charlene Sanders Marty Hendrix
Assistant City Attorney ,ao ���� City Secretary
1:011 r
M&C: 2AA9 o O
l 46
Approved: S I 1 12O 1, o x A
0 o �
0000 a
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
2
ATKINSON, FRANCIS AND WELCH:
By: Atkinson, Francis and Welch
its duly authorized Owners
1)By: °"' By:
Vance Atkinson/Owner Ken Francis/Owner
Date: Date:
B
Troy WCelcc Owner
Date: J� �� I)
1
STATE OF 7' tZ §
COUNTY OF §
BEFORE ME,the undersigned authority, a Notary Public in and for the State of Texas, on
this day personally appeared Vance Atkinson,Ken Francis and Troy Welch 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 Atkinson,Francis and Welch and that he executed the same as the act of
Atkinson, Francis and Welch for the purposes and consideration therein expressed and in the
capacity therein stated.
GIVEN UNDER MY HAND AND SEAL OF OFFICE this day
!d(/ ) 2011.
Notary Public in and for the State of Texas
IESA I
My Urnrnission Expires
s,
May 16, 2014
3
M&C - Council Agenda Page 1 of 1
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 5/17/2011
DATE: Tuesday, May 17, 2011 REFERENCE NO.: **C-24910
LOG NAME: 55FTW ATKINSON 2ND 5YEAR
SUBJECT:
Authorize Execution of a Second Five Year Lease Extension of City Secretary Contract No. 11963 with
Atkinson, Francis and Welch for Unimproved Ground Lease Site 34-S at Fort Worth Meacham International
Airport(COUNCIL DISTRICT 2)
RECOMMENDATION:
It is recommended that the City Council authorize the City Manager to execute a second five year lease
extension with Atkinson, Francis and Welch for Unimproved Ground Lease Site 34-S 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 was executed on June 1, 1981 (M&C C-5801)and expired on May 31,
2006. On January 31, 2006, CSC No. 33363 was executed for the first five-year extension which is set to
expire June 1, 2011 (M&C C-21280).
On April 18, 2011, City staff received a request from Mr. Vance Atkinson, Ken Francis and Troy Welch to
execute the second of two, five-year extensions in accordance with the lease agreement.
In accordance with the established Schedule of Rates and Charges, this lease site of 7,998.5 square feet
at a rate of$0.27 per square foot will generate revenue of$2,159.60 per year or$179.97 monthly.
The lease will provide for no additional options 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
collection and deposit of funds due to the City.
FUND CENTERS:
TO Fund/AccounVCenters FROM Fund/Account/Centers
PE40 491352 0551101 $2,159.60
CERTIFICATIONS:
Submitted for City Manager's Office by: Fernando Costa (6122)
Originating Department Head: Kent Penney (5403)
Additional Information Contact: Jonnie Huitt (5409)
ATTACHMENTS
1. PE40-491352-0551101.doc (CFW Internal)
http://apps.cf\vnet.org/ecouncil/printmc.asp?id=I 5205&pn*nt=true&DocType=Print 5/17/2011