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HomeMy WebLinkAboutContract 27215 CITY 5ECRETARY CONTRACT NO. LEASE AGREEMENT SECTION 1. PARTIES TMS LEASE is entered into by and between the City of Fort Worth, Texas, a home-rule municipal corporation situated in Tarrant and Denton Counties, Texas, hereinafter called "Lessor," acting herein by and through MIKE GROG R, its duly authorized Assistant City Manager, and RICHARD B. CARROLL and JEFF H. HENSON hereinafter referred to as "Lessee". SECTION 2. LEASED PREMISES For and in consideration of the rental payments to be paid hereunder and the agreements of the parties expressed herein, Lessor does hereby lease, let and demise the property described as follows: 1504 WESTPORT PARKWAY, FORT WORTH TX. 76177 more specifically described as: A 24,57 acre tract of land situated in the C. R. HARMON Survey, Abstract No.737, Tarrant County, Texas, as recorded in Volume 7309, Page 1936 of Deed Records of Tarrant County, Texas and the improvements located thereon, commonly known as 1504 WESTPORT PARKWAY. FORT WORTH, TEXAS 76177 , and more specially described in Exhibit "X', attached hereto and incorporated herein. The property described together with any and all structures, improvements, fixtures and appurtenances on, over and under said property shall be referred to herein as the "Leased Premises", SECTION 3. LEASE TERM This lease shall be for a period of one (1) year commencing NOVENME.R1 2001, and terminating on OCTOBER 31, 2002, unless a prior termination is effected by either party hereto pursuant to the termination provisions expressed herein. This lease may be renewed for a maximum of two (2) successive periods of one (1) year each, provided that Lessee provides Lessor with written notice of its intent to renew on or before sixty (60) days prior to the expiration of the term of the lease or any successive renewal thereof The specified written notice shall be effective upon receipt by Lessor. The terms set forth herein shall govern and control the relationship of the parties hereto during any renewal period, except the rental amount, which may be adjusted to fair market value. LESSOR RESERVES THE RIGHT TO TERMINATE THE LEASE AT TnE END OF.THE TERM OF ANY SUCCESSIVE NEWAL THEREOF REGARDLESS OF LESSEE'S MTENT TO RENEW. SECTION 4. RENT AL PAYMENTS As consideration for this lease, Lessee agrees to pay Lessor monthly rental payments in the sum of ONE THOUISAND T`WO HUNDRED Dollars 5120 .0 said rent payable I R"PIEVA"It"i C J monthly and due in advance of the first day of each month. Payments must be received at the Aviation Department, 4201 N. Main, Suite 200, Fort Worth, Texas 761106 during normal working hours by the due date. Rent shall be considered past due if Lessor has not received full payment by the tenth (10th) day of each month for which payment is due, Lessor NA411 assess a late penalty charge of ten percent (10%) of the rental payments due per month in addition to the entire month's rent for each month for which rent is past dues SECTION 5. DEPOSIT (A)Lessee has deposited with Lessor, the sum of t$450.00) receipt of which is acknowledged by Lessor, as security for the full and faithful performance by Lessee of the terms, conditions, and covenants of this lease on Lessee's part to be performed and kept. This deposit does not constitute advance payment of the final rental payment due under this lease, unless the express conditions specified in Subsection(1) are met. (B)Lessor agrees to hold such deposit for Lessee, and it is understood that Lessor's claim to such deposit shall be prior to any creditor of Lessee, excluding a trustee in bankruptcy. (C)Excluding the final rental payment to be made under this lease, if at any time during the lease term, Lessee defaults in the payment of rent or any portion of rent reserved in this lease, or of any other sums expressly constituting rent, other than advance rental payments, Lessor may appropriate and apply any portion of the security deposit as may be necessary to the payment of the overdue rent or other sums expressly constituting rent under this lease. (D)If at any time during the lease term, Lessee should fail to repair any damage to the leased premises that Lessee is required to repair under the terms of this lease for a period greater than thirty (30) days after Lessor serves on Lessee written demand to make such repair, then Lessor may appropriate and apply any portion of the security deposit as may be reasonably necessary to make such repairs. (E)If on termination of this tenancy for any reason, Lessee does not leave the leased premises in a reasonably clean condition and in good repair, excluding normal wear and tear, then Lessor may appropriate and apply any portion of the security deposit as may be reasonably necessary to put the premises in clean condition and good repair. As used in this lease "normal wear and tear" means deterioration that results from the intended use of dwelling, and does not include deterioration that results from negligence, carelessness, accident, or abuse of the premises by Lessee, by a member of Lessee's household, or by a request of Lessee. (F) In the event actual cause exists for retaining all or any portion of the security deposit, Lessor shall return the balance of the security deposit, if any, together with a written description and itemized list of all deductions. Such deductions shall be limited to damages and charges for which Lessee is legally liable under this agreement or as a result of breaching this aggreement. Lessor shall not be required to furnish a description and itemized list of deductions if there are any rentals due and unpaid at the time Lessee surrenders possession of the premises and there is no controvers-y over the amount of rentals due and unpaid, 2 (G)Within thirty (30) days of when Lessee surrenders the premises, any remaining portion of the security deposit, after any lawful deductions as above, shall be returned to Lessee directed to the address left by Lessee specifically for such purposes. HOWEVER, LESSEE SHALL NOT BE ENTITLED TO ANY PORTION OF THIS SECURITY DEPOSIT AS A REFUND UNLESS LESSEE GIVES LESSOR THIRTY (30) DAYS WRITTEN NOTICE OF INTENT TO SURRENDER THE PREMISES. (H)Should Lessor transfer Lessor's interest under this lease in any manner, Lessor must do one of the following acts, either of which will relieve Lessor of further liability with respect to such deposit: (1) Transfer the portion of such deposit remaining after any lawful deductions, as above, to the successor in interest, and thereafter notify Lessee by registered mail of the transfer and the transferee's name and address. On receipt of Lessee of a statement signed by the successor in interest acknowledging receipt of and responsibility for the security deposit, Lessor's successor in interest shall have all of the obligations of Lessor with respect to such deposit; or (2) Return to Lessee the portion of such deposit remaining after any lawful deductions have been made. (1) If Lessee has provided notice of surrender of the Leased Premises in accordance with Subsection (G) herein, and Lessor, in its sole discretion, determines that the leased premises are in satisfactory condition and have been maintained in good repair, Lessee may elect to have the balance of the security deposit applied to Lessee's final payment due under this lease agreement. SECTION 6, PAYMENT OF UTILITIES Lessee shall be responsible for the payment of all utilities. Lessee must pay promptly, as they become due, all charges for the furnishing of water, sewer, gas, electricity, garbage service, and other public utilities to the leased premises during the to of this lease. SECTION 7, TAXES Lessee shall pay promptly all taxes, monthly charges, assessments and/or levies of any nature or character whatsoever which may be lawfully assessed, taxed, levied or made against the leasehold estate hereby created and/or any improvements or personal property located on the Leased-Premises, SECTION 8. RESIDENTIAL The Leased Premises shall be used solely and exclusively for private residential purposes for Lessee and their immediate family Lessee further agrees that Lessee shall not conduct any 3 commercial use at the Leased Premises without prior written approval of Lessor and any unauthorized commercial use shall constitute a breach of this lease. SECTION 9. EVICTION AND ABANDONMENT A. Lessor shall be entitled to institute proceedings to evict Lessee from the premises, at any time that Lessee is in default under this lease or holds over after the expiration of the lease term or any successive renewal terms, and Lessee hereby specifically waives any rights it may have to the following: I, Notice by Lessor of termination of the tenancy-, 1 Any notice to vacate or quit the premises as specified in the Texas Property Code, Section 24.005 (a); and 3- Any other notices required by law. B. In the event the Lease is terminated for any reason or Lessee abandons or is evicted from the premises, Lessor shall not be responsible for any real or personal property of Lessee remaining on the premises at the time of said eviction, abandonment or termination, and said personal property shall be deemed abandoned by Lessee if it remains on the premises at any time subsequent to the termination of Lessee's lawful possession of the premises. SECTION 10. COMPLIANCE WITH LAWS AND REGULATIONS Lessee shall comply with all applicable laws, ordinances and regulations prevailing in the jurisdiction in which the Leased Premises are located, including but not limited to federal, state, local laws and the City ordinances, rules, regulations and specifications. SECTION 11. REPAIRS A. Lessee agrees that Lessee shall maintain the Leased Premises and keep same in good repair at Lessee's sole cost and expense. All maintenance, minor repairs and upkeep of the Leased Premises shall be in accordance with all applicable laws including City ordinances, rules, regulations, and specifications. B. Lessor and Lessee agree that Lessee will repair or remedy any of the following conditions that occur during the lease term or a renewal or extension of the term provided the condition is not caused by the Lessor's negligence, such repairs and remedies to be made at the Lessee's expense; 1) damage from wastewater stoppages caused by foreign or improper objects in lines that exclusively serve the Lessee's dwelling; 2) damage to doors, windows, or screens; and 3) damage from windows or doors left open. This provision constitutes a waiver of the Lessor's statutory duty to repair or remedy such conditions under Subchapter B, Chapter 92 of the Texas Property Code. This waiver is made knowingly, voluntarily, and for consideration, receipt of which is acknowledged. This Provision does not relieve the Lessor of the statutory duty under Subchapter R., Chapter 92, of the Texas Property Code to repair 4 or remedy, at the Lessor's expense, wastewater stoppages or backups caused by deterioration, breakage, roots, ground conditions, faulty construction, or malfunctioning equipment. C, Lessor hereby agrees to make any major repairs to the premises up to the amount of$1,500 per year upon written request of Lessee, however, if the cost of the major repairs is more than $1,500, Lessor will determine, at its sole discretion, whether to repair the premises or notify the Lessee that the lease will be terminated according to Sect-ion 16. SECTION 12 HOLDOVER If the Lessee holdsover after the lease or renewal periods expire, a month-to-month tenancy shall be created with all other terms in this agreement remaining in effect, except that Lessor may give Lessee 60 days notice to terminate. SECTION 13. IMPROVEMENTS Lessee shall not construct any improvements or structures on the premises without the prior written consent of Lessor, and all improvements constructed on the premises shall be constructed at Lessee's sole expense. Lessee must maintain and protect all improvements, structures, fences or appurtenances existing on the Leased Premises. Lessee covenants and agrees that Lessee shall not be entitled to any reimbursement for the cost or value of said improvements, structures, fences or appurtenances. In addition, on or before the termination date of this lease, Lessee shall be responsible for removing any real or personal property owned or otherwise belonging to Lessee and not deemed to be the property of Lessor. The removal of all real and personal property of Lessee shall be accomplished solely through Lessee's efforts and in removing any of Lessee's real or personal property from the Leased Premises subsequent to the termination of this lease. The Leased Premises shall be deemed to have been abandoned by Lessee if Lessee does not use and occupy said premises in accordance with the purposes of this lease to or any successive renewal period. This lease shall be terminated upon the abandonment of the Leased Premises without notice to Lessee. SECTION 14. SMOKE DETECTOR A, Lessor must install at least one smoke detector in the Leased Premises in accordance with Sections 92.2155 and 92.257 of the Texas Property Code, B, LESSEE WAIVES THE RIGHTS AND REMEDIES SET FORTH IN SECTION 92.258 OF THE PROPERTY CODE REGARDING LESSOR'S STATUTORY DUTY TO INNSPECT AND REPAIR THE SMOKE DETECTOR INSTALLED IN THE DWELLING. C. Lessee agrees to inspect the smoke detector installed in the premises at the beginning of Lessee's possession and at regular intervals of three (3)-months thereafter to determine that it is in good working order. Lessee must bear the cost of repairing the smoke detector, 5 SECTION 15. ASSIGNMENT OR SUBLEASES Lessee shall not assign or sublet this lease without the prior written approval of Lessor, and any such unauthorized assignment or sublease shall constitute a breach of this lease. SECTION 16. TERMINATION Lessor shall have the right to terminate this lease at any time for any reason unrelated to Lessee's default or breach of any of the terms expressed herein by giving Lessee thirty (30) days written notice prior to the intended termination date. Lessor may terminate the lease immediately upon any default or breach of any of the provisions hereunder without any prior notice to Lessee. Said notices shall be deemed effective as of the date they are mailed. If Lessee elects to terminate the lease because of any alleged default or breach by Lessor or any lease provisions, Lessee shall be required to give Lessor immediate notice of said intention in writing stating specifically the reasons therefor and allowing Lessor thirty (30) days after the date of Lessor's receipt of such notice to cure any or all default(s) or breach(es) specified in said notice. If the specified default(s) or breach(es) of Lessor are cured within said thirty (30) day period, Lessee shall be deemed to have waived said specified default(s) or breach(es), and this lease shall continue to be effective unless terminated pursuant to some other provisions specified herein or by virtue of some subsequent uncured default or breach of Lessor, in which case Lessor shall be entitled to any additional notice period required by the terms of this lease. If this lease is terminated under this Section, or as a result of the expiration of the lease term or any renewal period, neither party shall have any further obligation or liability to the other under this lease, except that Lessee shall be liable for the breach of any term, covenant or condition contained in this lease occurring prior to the date of the surrender of the premises by Lessee pursuant to the termination. Lessee shall be bound by the terms, covenants and conditions expressed herein until Lessee surrenders the premises regardless of whether the date of surrender coincides with the date of termination of the lease. The waiver by Lessor of any default or breach of a term, covenant or condition of this lease shall not be deemed to be a waiver of any other breach of that term, covenant or condition or of any other term, covenant or condition of this lease, regardless of when the breach occurred. Further waiver by Lessor of any default or breach of a term, covenant or condition of this lease shall in no way impair the right of the Lessor to avail itself of any remedy for any subsequent breach thereof SECTION 17. INDEMNIFICATION LESSEE COVENANTS AND AGREES TO RELEASE, INDEMNIFY. HOLD HARMLESS AND DEFEND LESSOR, ITS OFFICERS, AGENTS, SERVANTS AND EMPLOYEES, FROM AND AGAINST ANY AND ALL CLAIMS OR SUITS FOR PROPERTY DAMAGE, PERSONAL INJURY, OR ANY OTHER TYPE OF LOSS OR ADVERSE CONSEQUENCE RELATED IN ANY WAY TO THE EXISTENCE OF THIS LEASE OR THE USE OR OCCUPANCY OF THE LEASED PREMISES, REGARDLESS OF WHETIIER THE ACT OF OMISSION COMPLAINED OF RESULTS FROM THE 6 ALLEGED NEGLIGENCE OR ANY OTHER ACT OR OMISSION OF LESSOR, LESSEE OR ANY THIRD PARTY. SECTION 18. INSURANCE It is hereby agreed that Lessee will provide Lessor with a certificate of insurance documenting liability insurance at a minimum limit of$300,000 each occurrence as respects the property and premises addressed herein. The effective date of insurance coverage shall be commensurate with the term of the lease. Lessor shall be endorsed as an additional insured in the certificate. The insurer of Lessee's liability insurance shall be acceptable to the Lessor insofar as the company's financial strength and solvency. The policy providing liability insurance shall be endorsed to provide Lessor with a minimum thirty (30) day notice of cancellation, non-renewal or material change in coverage. Lessor's insurance requirements may be revised at Lessor's option, and Lessee shall respond accordingly within thirty (30) days of Lessee's receipt of a written notice of such requirement. Any failure on part of Lessor to request certification of insurance required herein shall not be construed as a waiver of such requirement. SECTION 19. NOTICES All notices required hereunder shall be sent to Lessor at the following address certified mail, return receipt requested-, Real Property Management City of Fort Worth 927 Taylor Fort Worth, Texas 76102 All notices to Lessee shall be sent to the following address certified mail, return receipt requested: 1504 WESTPORT PARKWAY FORT WORTH, TEXAS 76177 Mailing of all notices pursuant to this Section shall be deemed sufficient if mailed postage prepaid and addressed as specified above, unless either party has been notified in writing of any change in the other party's address. All time periods related to any notice requirements specified in this lease shall commence either on the date notice is mailed or on the date notice is received by the party to whom it Is sent, depending on the terms specified in the Section requiring notice. 7 SECTION 20, ENTIRE AGREEMENT This lease shall constitute the entire agreement of the parties of this lease and shall supersede any prior agreements of said parties, either oral or written, pertaining to the subject matter specified herein. SECTION 21. GOVERNING LAW AND VENUE This lease and the relationship created hereby shall be governed by the laws of the State of Texas. Venue for any action brought to interpret or enforce the terms of this lease or for any breach of this lease shall be in Tarrant County, Texas, SECTION 22. MISCELLANEOUS PROVISIONS A. This lease does not give Lessee any right to use, mine, lease or otherwise derive any benefit from any oil, gas, coal, gravel, minerals, trees or deposits of any type or nature, and title to all of said substances shall remain in Lessor. In addition, Lessee shall not have any right or claim to any damages or other monetary compensation for or related to any surface damage resulting from mining, drilling or other operations related to the removal of utilization of any such substances. & Lessee shall not commit nor allow any waste to be committed on the Leased Premises, nor shall Lessee maintain, commit or permit the maintenance or commission of any nuisance on the Leased Premises nor use the Leased Premises for any unlawful purpose. C. Lessee hereby represents that Lessee takes the Leased Premises in good condition and the Leased Premises are suitable for the purposes specified herein. Lessee hereby waives the right to terminate this lease or sue for damages or pursue any other remedy against Lessor based on any patent or latent defects in, to or on the premises. D. With respect to conditions that materially affect the physical health or safety of an ordinary tenant, Lessor must make a diligent effort to repair or remedy the condition if Lessee specifies the condition in a notice to the Real Property Management office, City of Fort Worth, 927 Taylor Street, Fort Worth, Texas 76102, Lessor is not required to repair or remedy such condition if Lessee is delinquent in the payment of rent at the time of giving notice of the condition, other than normal wear and tear, was caused during the lease to by Lessee or Lessee's family or guest, D. Lessor reserves the fight to enter upon the Leased Premises at all reasonable times for the purpose of inspecting the premises or otherwise using the premises, provided that any such entry does not conflict with Lessee's rights hereunder. This lease shall be binding on the heirs, successors and lawful assignees or sublessees of Lessee and the successors or Lessor, -Any person or entity using or occupying the Leased Premises without a lawful assignment or sublease shall be subject to all the responsibilities and liabilities of Lessee set forth hereunder and shall be subject to all the pro-iiislons regarding 8 termination and eviction set forth herein. Any such person or entity shall be deemed to be an T agent or representative Of Lessee and shall be deemed to have notice of the terms, covenants, and conditions of this lease. SECTION 23. The term "Lessee" as used herein shall also include the agents, representative, employees, invitees and licensees of Lessee, SIGNTEDthis '�%(day of 2001. AT ST: CITY.OF F(Ylk,,T RTH A i I A 41 1A, City Secretary l Assistant City Managevr APPRIO D AS TO FORM AND LEGALITY: Lessee: Byc- 4" X'ssistant,'tity Attorney A/ BXI contract Authorization U/ t e A t 1 U 10",IV 1-01-C UK ES K 1 1 9 EXHIBIT "A" WZ%T TRACT BEING a portion of the C. R. HARMON SURVEY, Abstract No. 737. in Tarrant County, Texas, and being that same tract of land conveyed to Gary D. Segraves by deed recorded in Volume 7528. Page 23, Dead Records, Tarrant County, Tux,1!1, -%nd described by mates and bounds as follower uF1,;1.*1N1N6 at an *X* scribed in concrete 0.8 fact South of it 4 inch steel fence curncr, the Southwest corner of said Seagraves tract, by deed call dlt�-73 feet East from the Southwest corner of said Harmon Surveyl THENCE North UU ,degrees-04 minutes-02 seconds East at 1240.23 toot a 1/2 inch iron pin found in the South line of Keller-Haslet Road, in all 1264.50 feet to a point in said road. the Northwest corner of said Segraves tract$ THENCE South 89 degrees-53 minutes-05 seconds East, with said road, 310.25 foot to the Northeast corner of said Segraves tract, being the Northwest corner of that certain 11.45 acre tract conveyed to aforsaid Segraves by deed recorded in Volume 6388. Page 891. Deed Records. tarrant County, Texast THENCE South 00 degrees-04 minutes-00 seconds West, with the common boundary line netwettr said Segraves tracts, at 25.10 foot a 1/2 inch iron pin found in the South line of Keller-Haslet Road, in all 1264.47 feet to a 1/2 inch iron pin found beneath a fence, the common South corner of said Segraves tracts: THENCE North 89 degrees-53 minutes-25 seconds West, generally wits. an old wire fence. 310.26 feet to the POINT OF BEGINNING and containing 9.0063 acres of land of which 0.18 acre lies within Keller-Haslet Road, leaving 8.83 not acres of land. EAST TRACT BEING A portion of the C. R. HARMON SURVEY, Abstract No. 737, in Tarrant County. texas, and being a part of that certain 11.45 acre tract conveyed to (iar•.• D. Segraves by deed recorded in Volume 6388, Page 891, Deed Records, Tarrant County. Texas, and being a part of that certain 8.983 acre tract conveyed to same by deed recorded in Volume 7309, Page 1936, Deed Records. Tarrant County, texas, and described by mates and bounds as follows, COMMENCING at an •X* scribed in concrete 0.8 feet South of a 4 inch steel fence corner, the Southwest corner of a 9 acre tract, by deed.call 815.73 feet East from the Southwest corner of said Harmon Surveys THENCE South 89 degrees-53 minutes-25 seconds East, generally with an old wire fence. 310.26 foot to a 1/2 inch iron pin found beneath said fence. the Southeast corner of that certain 9 acre tract conveyed to said Segraves by deed recorded in Volume 7528, Page 23, Deed Records, Tarrant county, texas. said iron also being the Southwest corner of said 11.45 acre tract and the POINT OF BEGINNING of this tract herein describedt THENCE North 00 degrees-04 minutes-00 seconds East, with the common line between said 9 acre tract and said 11.45 acre tract at 1239.37 feet a 1/2 inch iron pin found in the South line of Keller-Haslet Road. in ^11 1264.47 feet to a point in said road, being the common North Cornez,of said 11.45 acre tract and said 9 acre tractl THENCE South 89 degrees-53 minutse-05 seconds East with said road, 576.27 feet to the Northwest corner of a 0.5364 acre tract. the Northeast corner or said 8.983 acre tract Doors South 89 degrees-53 minutes-OS seconds East. 128.04 feet, frota said Northeast corner a 1/2 inch capped iron pin found I foot North of a power pole bears South 02 degrees-38 minutes-12 seconds West, 22.59 feet, ;HENCE South OV degrees-53 minutes-13 secondh East, passing the South line of Keller-Haslet Road, 403.83 feet to the Southwest corner of said 0.5364 acre tracts THENCE North 80 degrees-06 minutes-47 seconds East, 21.94 fact to the South- east corner of said 0,5364 acre tract, in the West line of a 0.9879 acre t ca,-r "I'ENCE South 00 degrees-01 minutes-51 seconds West, 425.33 feet to the ueginning of a curve to the right whose radius in 155.00 feet, T!IENCL in 4 Southwesterly direction with said curve, through a delta of 75 degrees-00 minutes-00 seconds, 202.89 foot to a point, the radius point or said curve bears North 14 degrees-58 minutes-09 seconds West, THENCE South 71 degrees-02 minutes-49 seconds West, 290.72 feet to the most westerly Northwest corner of said 0.9879 acre tractl THENCE South 00 degrees-05 minutes-31 seconds West, 15-33 feet to a 1/2 Inch capped iron pin, the southwest corner of said 0.9879 acre tract: THENCE South 41 degrees-49 minutea-27 seconds West, 247.88 feet to a 5/8 inch iron pin in the South line of the before mentioned 11.45 acre tract a 1/2 inch capped iron pin found 0.5 feet North of a fence bears North uS dzqreei East, o.31 foot, THENCE North 89 degrees*-53 minutes-25 seconds West, generally with an old moire fence, 113.22 feat to the POINT OF BEGINNING and containing 16.0746 Acro* of land, of which 0.33 acre Iron Within Kailor-Ha*lat Rood, leaving 15.74 net acre* Of laud. - ~ Rp AC TH NO Ic DEN Et CIT LIMIT 34 LL I tr FORD LA W JA A City of Fort Worth, Texas "Javor and Council Communication WW PAGE DATE REFERENCE NUMBER LOG LNIAME PAGE 10/9/01 **L-1 31 30HENSON I of I SUBJECT RENEWAL OF LEASE AGREEMENT WITH RICHARD CARROLL AND JEFF HENSON FOR PROPERTY LOCATED AT 1504 WESTPORT PARKWAY (DOE 0660� RECOMMENDATION. It is recommended that the City Council: 1. Authorize the City Manager to renew the lease with Richard Carroll and Jeff Henson at 1504 Westport Parkway at a monthly rate of$1,200.00; and 2. Authorize this agreement to begin November 1, 2001, and end October 31, 2002, with the option to renew the lease for two one-year terms, subiect to a thirty day cancellation clause at the end of each term. DISCUSSION. The property was purchased by the City to facilitate noise mitigation at Alliance Airport. It is recommended that the property at 1504 Westport Parkway continue to be leased to Richard Carroll and Jeff Henson. They have been tenants since November 1998, with a current lease rate of $900 per month. The new lease rate will be increased to $1,200 per month. The new lease rate has been established based upon an independent rental survey and the condition of the existing improvements. Upon termination of the lease on October 31, 2002, the City may renew the lease annually for up to two successive one-year terms at the prevailing market rate in effect for similar properties in this area at the time the lease is renewed. The lease may be cancelled by the City at the end of each year. The property is located in the City of Haslet, Mapsco T. FISCAL INFORMATION/CERTIFICATION. The Finance Director certifies that the Engineering Department. Real Property Management Division is responsible for the collection of funds due to the City under this -agreement. MG,k tc(- 6T Subnfltted for City Manager's CENTER AMOUNT CITY SECRETARY L-N Office by: (t Ll) PE40 1 240009 0000000 1 $14,40000 1 1 Mike Groomer 6140 1 1 i i I APPRO N ED Originating Department Head.- CITY COUNCIL 1 Douglas Rademaker 6157 fir o m- ) 0 V 200f, U or 2'ion C� a t . kddlt a J ou im Rademaier 6 I f f the g TA%a