HomeMy WebLinkAboutContract 28949 CITY SECRETARY
ONTRACT NO,
FIRST AMENDMENT TO LEASE AGREEMENT
WHEREAS, the Monroe Street Professional Building, Ltd. ("Lessor"), acting by and through
Ron Crabtree, the duly authorized President of Cacheral Co, Inc., General Partner of Monroe
Street Professional Building, Ltd. and City of Fort Worth ("Lessee"), acting herein by and
through Reid Rector, its duly authorized Assistant City Manager, made and entered into a Lease,
City Secretary Contract 27682 ("Lease").
WHEREAS, it has become necessary to amend said Lease to include additional space.
NOW THEREFORE, Lessor and Lessee, acting herein by and through their duly authorized
representatives, for and in consideration of the rent paid, the covenants and agreements to be
performed, and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, enter into the following agreement, which amends the Lease as follows:
1.
Section One "Leased Premises" of the Lease is hereby amended as follows:
"Approximately 2733 rentable square feet of office space in the Monroe Building
(the "Building") at 900 Monroe Street, Fort Worth, Tarrant County, Texas, a more
particular description of which is attached as "Exhibit A". Landlord shall provide
tenant with one parking space (Parking Space Number 454) in the adjacent
parking garage at 909 Taylor Street.
This office space as described above together with any and all structures,
improvements, fixtures and appurtenances thereon, thereunder or over, shall be
referred to as the "Leased Premises".
The boundaries and location of the Leased Premises are described on the attached
Exhibit A and made a part hereof."
2.
Section Three "Term and Rent" of the Lease is hereby amended as follows:
"This lease shall begin on the Effective Date and terminate on April 30, 2007,
unless a prior termination is effected by either Lessor or Lessee under the
termination provisions of this lease. During the initial term, Lessee shall pay
Lessor annual rent of$12,10 per square foot per year, payable in equal monthly
installments of$2,755,78. Upon receipt of an invoice from the Lessor by the 151'
of the previous month, the rental payment shall be mad-, to the Lessor on the first
day of each month during the to of this Lease and the first day of the month
during any extension of the Lease. Rent for any partial calendar months shall be
prorated on a per them basis.
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Landlord shall provide tenant one parking space in the adjacent garage for the
cost of$75.78 per month.
Lessee shall have the right to renew this Lease for a maximum of two successive
five year terms. The terms of this Lease shall continue to govern and control the
relationship of the parties during the renewal period. Rent for each of the renewal
terms shall be as follows:
Renewal Term Rent rate per square foot per year
IA $14.50
2nd $16.00"
3.
All other provisions of the Lease which are not expressly amended herein, shall remain in full
force and effect.
4.
This lease amendment shall become effective when the construction of improvements listed on
Exhibit "C" Tenant Improvements Permanent Space attached to the Lease are completed to
Lessee's satisfaction and Lessee can occupy the additional space or on June 1, 2003, whichever
is later ("Effective Date").
-/Z
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of this day
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f 2003.
LESSOR:Monroe Street Professional LESSEE: City of Fort Worth
Building,Ltd.
By:
2LL By
Ron Crabtree Reid Rector
President Assistant City Manager
Cacheral Co., Inc.
General Partner
ATWED BY ontrar-ft AUthorizati0o,
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STATE OF TEXAS §
COUNTY OF TARRANT §
This instrument was acknowledged before me this the day of
L�a , 2003, by Reid Rector, Assistant City Manager for the City of Fort Worth,
on behalf of the City of Fort Worth.
ROSELLA BARNES
o' NOTARY PUBLIC Notary Public, State of Texas
of Texas
Comm. Exp.03-31-2005
STATE OF TEXAS §
COUNTY OF TARRANT §
"'I This instrument was acknowledged before me this the day of
2003, by Ron Crabtree, President of Cacharel Co., Inc, General Partner for
Monroe Street Professional Building Ltd. on behalf of Monroe Street Professional Building, Ltd.
el,
Notary Public, State of Texas
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City of Fort Worth, Texas
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[SATE REFERENCE NUMBER FLOG NAME PAGE
5120103 **L-13562 I 30MONROE 1 of 1
SUBJECT AUTHORIZE AN AMENDMENT OF LEASE WITH MONROE STREET PROFESSIONAL
BUILDING LIMITED FOR OFFICE SPACE LOCATED AT 900 MONROE STREET FOR
THE ECONOMIC AND COMMUNITY DEVELOPMENT DEPARTMENT
RECOMMENDATION:
It is recommended that the City Council authorize the City Manager to execute an amendment lease
with Monroe Street Professional Building, limited for office space located at 900 Monroe Street for the
Economic and Community Development (ECD) Department.
DISCUSSION:
The Engineering Department, Real Property Services Division, at the request of the ECD Department,
negotiated a lease contract with Monroe Street Professional Building, Limited for office space located at
900 Monroe Street (M&C L-13285 approved on April 30, 2002).
AMENDMENT OF LEASE AGREEMENT
The lessor and lessee agree that the lessee will lease an additional 750 square feet at a lease rate of
$12.10 per square foot, an additional cost of $9,075.00 per year and a total of $33,069.30 annually, or
$2,755.78 monthly. The new monthly rate will become effective June 1, 2003, if the department is able
to occupy the space. The additional square footage will be utilized as office space to accommodate
current departmental activity including a recent increase in staff.
All other terms and conditions of the original lease agreement and renewal letters remain unchanged
and in full force and effect. The lease shall be for a period of five years commencing on May 1, 2002,
and terminating on April 30, 2007, unless a prior termination is effected by either lessor or lessee under
the termination provisions of this lease.
FISCAL INFORMATION/CERTIFICATION:
The Finance Director certifies that funds are available in the current operating budget, as appropriated,
of the General Fund.
MO:r
Submitted for City Manager's E FUND I ACCOUNT CENTER AMOUNT
CITY SECRETARY
Office by �r }
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Marc Ott 8476
Originating Department mead.
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i Douglas i ademake, 6157 (firom) APPROVED 0 0t'0
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017 1000, $3,025,00
Additional information Contact:
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