HomeMy WebLinkAboutContract 42358-R2LEASE EXTENSION AND SECOND AMENDMENT TO THE LEASE
BETWEEN THE CITY OF FORT WORTH AND
TOWN CENTER MALL, L.P.
WHEREAS, the City of Fort Wo1ih, a Texas home rule municipal corporation ("Lessee")
entered into a lease agreement ("Lease") (City Secretary Contract No . 42358) effective as of
October 1, 2011 with Town Center Mall, L.P. ("Lesso1:") for 1.,244 square feet qf I.eased premises
located at 4200 S. Freeway, suite 2655, Fort Worth, Texas, more paiiicularly described in the
Leased ("Leased Premises); and
WHEREAS, the lease extension and first amendment to the lease (City Secretary
Contract No . 42358-Rl) expires on September 30, 2016; and
WHEREAS , Lessee desires to extend the lease for an additional three year term to begin
on October 1, 2016 , and end on September 30, 20 l 9, with three one year term renewals to begin
on October 1, 2019, and expiring on September 30 , 2022 ; and
WHEREAS, Lessor has agreed to extend the Lease for one three term with three one year
renewals;
NOW THEREFORE, in consideration of the rentals set forth in the Lease, the parties
agree as follows:
I.
Section 3 Term subsection (a) of the Lease is hereby amended and replaced in its
entirety as follows:
"(a) This Lease shall be for a period ofthree years commencing on October 1,
2016 , and terminating on September 30, 2019 (Term), unless a prior
termination is effected by either Lessor or Lessee under the termination
prov i:sions of this Lease. This Lease can be renewed for three additional on
year terms as follows :
First Renewal Term:
Second Renewal Te1m :
Third Renewal Te1m:
October 1, 2019 thru September 30, 2020
October I, 2020 thru September 30, 2021
October 1, 2021 thru September 30, 2022."
II.
Section 4 Rent of the Lease is hereby amended and replaced in its entirety as follows :
"Lessee shall pay Lessor rent in the amounts as follows:
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
Year One: $1,574.41 per month, $18,892 .92 annually
Year Two: $1,658.67 per month, $19,904.04 annually
Year Three: $1,710.50 per month, $20,526.00 annu~lly
Each One Year Renewal: To be determined based upon fair market value
and mutual agreement between Lessor and Lessee .
Lease Extension and Second Amendment to City Secretary Contract No. 42358
1
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V ~ -., '•~ WI •IC
Al I rental payments shall be payable to Lessor at the location of notice set forth in
Section 16 of this Lease. The rental payment shall be made to the Lessor on the
first day of the Term and each month thereafter. Rerit for any partial calendar
month shall be prorated on a per diem basis. This rental rate shall remain in effect
in the event of any extension or holdover of this Lease beyond the Term, unless
the parties agree otherwise in writing."
III.
All other terms and conditions of the Lease remain unchanged and in full force and
effect.
Effective as of September 30, 2016 .
LESSOR:
FWIS, bTi/cibJTown Center Mall , L.P.
by : Boxe r Property Management Corp.
Management Company for Landlord
By:~~~~"'----
Name : --.'4-~.,,..,...11J.r ........ ~tw~\<-tt-j~---
Title : _(\,_ON\_o._SCf'___,_ ____ _
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
LESSEE: City of Fort Worth
~{y
Jesus J . Chapa
Assistant City Mc\nager
Approved as to Fonn and Legality :
Mary Ka
I
M&CL -!59'!9
Lease Extension and Second Amendment to City Secretary Contract No . 42358
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Official site of the City of Fort Worth, Texas
COUNCIL ACTION: Approved on 9/20/2016
DATE: 912012016 REFERENCE
NO.: **L-15949 LOG NAME: 21LAGRANPLAZA#2655R
CODE : L TYPE: PUBLIC
CONSENT HEARING: NO
SUBJECT: Authorize Execution of a Lease Amendment and Renewal with Town Center Mall , L.P .,
fo r Office Space at LaGran Plaza , 4200 South Freeway No . 2655 for the Plann ing and
Development Department (COUNCIL DISTRICT 9)
RECOMMENDATION:
It is recommended that the City Council :
1. Authorize the execution of a lease amendment and renewa l w ith Town Center Mall , L.P ., for office
space at LaGran Plaza , 4200 South Freeway No. 2655 ; and
2 . Autho rize the amendment to be effective on October 1, 2016 , and ending on September 30 , 2019 ,
with the right to renew annually for three additional one-year terms to expire September 30 , 2022.
DISCUSSION :
In 2006 , the C ity of Fort Worth (Tenant) entered i nto a Lease Agreement with Town Center Mall , L.P.
(Landlord) for 1,244 square feet of office space in LaGran Plaza located at 4200 South Freeway ,
Suite No . 2655 for the Planning and Development Department (City Secretary Contract No .
42358). The inspectors for Planning and Development , South Division are housed at LaGran Plaza .
The lease was amended and renewed in 2013 (City Secretary Contract No . 42358 R-1) and is due to
expire on September 30 , 2016 .
The landlord and tenant desire to continue to lease the space .
This second lease amendment term will be for three years beginn ing on Octobe r 1, 2016 , and ending
on September 30 , 2019 , with the right to renew annually for three addit ional one-year terms to expire
September 30 , 2022 . Rental rate for the three-year term and renewals is as follows : •
•Year One : $1 ,574.41 per month , $18 ,892 .92annually ;
• Year Two: $1 ,658 .67 per month , $19 ,904.04 annually ;
• Year Three : $1 ,710.50 per month , $20 ,526 .00 annually ; and
• Three one-year renewals : To be agreed upon between the parties based upon fair market
value .
Landlord pays all utilities except phone and internet service .
This office space is located in COUNCIL DISTRICT 9 .
FISCAL INFORMATION/CERTIFICATION:
The Director of Finance certifies that upon the adoption of the Fiscal Year 2017 budget by the City
Council , funds will be available in the Fiscal Year 2017 operating budget , as appropriat ed , of the
General Fund .
TO
Fund Department Account Project Program Activity Budget Reference # Amount
http ://a pp s.cfwnet.org/co unci l_packet/m c _rev iew.as p ?1D =22 742&co unc ild ate=9 /20/201 6 10/5/201 6
M&C Review
•
ID ID
FROM
Fund Department Account Project
ID ID
10100 0063000 5330201
10100 0063000 5330201
10100 0063000 5330201
Submitted for City Manager's Office by:
Originating Department Head:
Additional Information Contact:
ATTACHMENTS
LA GRAN PLAZA 2655 MAP.pdf
New 1295 Form Suite 2655 .pdf
Year
Program Activity Budget
Year
2017
2018
2019
Jay Chapa (5804)
Steve Cooke (5134)
Mark Brown (5197)
Jean Petr (8367)
(Chartfield 2)
Reference#
(Chartfield 2)
http ://ap ps.cfwnet.org/counci l_packet/m c _review.as p ?ID=22 742&counc il date=9 /20/20 16
Page 2 of 2
Amount
$18 ,892.92
$19 ,904.04
$20 ,526.00
10 /5/201 6
. -.
DocuSign Env eloµc JO: 747G5E97 ·70E9·4EB4-BDG9,A7AOFE3E04G6
CERTIFICATE OF INTERESTED PARTIES 1295 FOR M
1 of 1
Complele Nos . J · 4 and 6 if there .ire inlerested parties . OFFICE USE ONLY
Complete Nos . 1, 2. 3. 5. nnd G if there are no interes ted parties . CERTIFICATION OF FILI .NG
1 Name of bus i ness entity filing form, ar:,d the c i ty, stnte an d coun try of the business enti ty's place Certificate Number:
of business . 2016-106987
Town Center MDII . LP
Fort 1/1/orlh, TX United Slates Date Filed :
2 Name of governmental entity or state ;igency that is a party to t he -c oqtract·for w.h1ch the for in is 08/31/2016
being filed.
City or Fort Worth
Date fo//~iT fr
3 Provide the identification 1iumbcr used by the gove'rnrneiitaf entity or state agency to ·irack or identify the ,contract, anc! wovide.a
description of tile services, goods, or other property to be provided under the contract.
42358
Property Mnnu\rcrnent/Lensed spncc
4
Nature: of interest
Name of Interested Party City, Sta l e; Country (place of business) (check applicable)
Con trolling fntetmedi.ary
5 Check only if there is NO Interested Party. 0
6 AFFIDAVIT I swe<1r. or .iffirm, under penally of p·erjury . lh!l.1 the .above. disclosure is true an d correct.
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BERENISEC FRIAS )
My camm11ilon Eiqili~
C Fteruar~ 24, 2018 I
Sig n;1turc ol authorized agent ol contrac ting business cnlity
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~FFI Xl'ilOTAl<Y ST AMPI::it:TIL ""ABU VI::. -
Sworn to umJ subscri bel1 before me . by the said __ s ~ .. Qn\{? _be jJ __ . this the __ t st-.dnyo1 S(4'~
20 _l.!,tl_. _. to certify whicll . witness my h11nd nnd se.il or orlice .
!bmA" JA; ~ W.tfliS-t'G OU>'l l.A /.e 2 Nofitr11
Signature ol ollicer mJminis1ering onlh Printed mime ol ol lic er nC11ninis1ei iny omh Title ol ofticer admlfiiste ring oath
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