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HomeMy WebLinkAboutContract 46347-CA1i. . IRY CONSENT TO ASSIGNMENT OF CITY SECRETARY CONTRACT NO. 46347 UNIMPROVED GROUND LEASE AGREEMENTS FORT WORTH MEACHAM INTERNATIONAL AIRPORT LEASE SITE 4N This CONSENT TO ASSIGNMENT OF CITY SECRETARY CONTRACT NO. 43601, ("Consent") is made and entered into by and between the CITY OF FORT WORTH, TEXAS ("Lessor"), a Texas home rule municipal corporation organized under the laws of the State of Texas, acting by and through Valerie Washington, its duly authorized Assistant City Manager; DELTA AERONAUTICS, INC. ("Lessee"), a Texas corporation, acting by and through VIRGINIA MILOUD, its duly authorized Pncsident; and MILOUD AVIATION, LLC ("Assignee"), a Texas limited liability company, acting by and through CHADD MILOUD, its duly authorized Managing Member. RECITALS: The following introductory provisions are true and correct and form the basis of this Consent: A. On January 6, 2015 (M&C C-27142) City Council authorized Lessor to enter into a Hangar and Ground Lease Agreement (CSC No. 46347) with Delta Aeronautics, Inc., ("Lessee") dated January 15, 2015, (the "Lease"), for the lease and use of real property known as Lease Site 4N, consisting of 106,292 square feet of ground space and a 18,595 square foot hangar ("Leased Premises") at Fort Worth Meacham International Airport ("Airport"), B. On or about December 31, 2018, City Council, through M&C C-28930, entered into CSC 46347-AI, the first amendment to CSC 46347, reducing the square footage of ground space leased from 106,292 square feet to 104,762 square feet. C. On Novcrnber- 28, 2023, Lessee notified Staff of the transfer of its leasehold interest in Leased Premises to Miloud Aviation, LLC, pending City Council approval. D. Lessee now wishes to assign all of Lessee's remaining right, title and interest in the Leased Premises and Lease to Assignee; Assignee wishes to accept such assignment; and Lessor is willing to consent to such assignment, all on the terms and conditions set forth in this Consent. AGREEMENT: NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which re hereby acluiowledged, Lessor, Lessee, and Assignee agree as follows: Con hF Assignmcnt utCSC No. 46347 by 1 4'Aironautics, Inc . OFFICIAL RECOR to: ,4viation, LLC ® . r a �„ rr 7 CITY SECRETARY LU t t., FT. WORTH, TX CSJ REC'G FEB 0'24 Pm2:30 1. Lessor hereby consents to an assignment by Lessee to Assignee of all of title and interest in the Leased Premises granted to Lessee by the Lease (the "Assignmen("), effective as of the date that Lessor, Lessee and Assignee have executed this Consent ("Effective Date"). The Lease is incorporated herein by reference for all purposes. The Assignment, dated as of the Effective Date, is a public document on file in Lessor's City Secretary's Office and Aviation Department and is incorporated herein by reference for all purposes. 2. Lessor does not adopt, ratify or approve any of the particular provisions of the Assignment and does not grant any remaining right, privilege or use to Assignee which is different from or more extensive than any right, privilege or use granted to Lessee by the Lease. In the event of any conflict between the Lease and the Assignment, the Lease shall control. In the event of any conflict between this Consent and the Assignment, this Consent shall control. 3. Lessor consents to the Assignment expressly upon the promise and covenant by Assignee, and Assignee hereby promises and covenants to Lessor, that as of the Effective Date Assignee will faithfully perform, as an independent contractor, all duties and obligations of Lessee set forth in the Lease. Lessor acknowledges Lessee has no duties and obligations under the Lease after the Effective Date. 4. Lessee understands and agrees that Lessee will be liable to Lessor for (i) any duty or obligation of Lessee that Lessee was required by the Lease to undertake or perform prior to the Effective Date and (ii) any damages (subject to the terms of the Lease), including, but not limited to, property loss, property damage and/or personal injury of any kind, including death, to the extent caused by Lessee, its officers, agents, servants, employees or subcontractors prior to the Effective Date. 5. Assignee understands and agrees that Assignee will be liable to Lessor for (i) any duty or obligation of Lessee that Lessee is required by the Lease to undertake or perform on or after the Effective Date and (ii) for any damages (subject to the terms of the Lease), including, but not limited to, property loss, property damage and/or personal injury of any kind, including death, to the extent caused by Assignee, its officers, agents, servants, employees or subcontractors on or after the Effective Date. 6. The person signing this Consent hereby warrants that he/she has the legal authority to execute this Consent on behalf of the respective party, and that such binding authority has been granted by proper order, resolution, ordinance or other authorization of the entity. The other party is fully entitled to rely on this warranty and representation in entering into this Consent. 7. This Consent may be executed in any number of counterparts, all of which shall constitute the same instrument. 8. All terms in this Consent that are capitalized but not defined shall have the meanings assigned to them in the Lease. Consent to Assignment ofCSC No.40347 by Delta Aeronautics, Inc to: Miloud Aviation. LLC Page 2 of 7 [SIGNATURES APPEAR ON Tl IE FOLLOWING PAGES] Consent to Assignment of CSC No.463g7 by Della Aeronautics, Inc to: Miloud Aviation, LLC Page 3 of 7 IN NESS OF, the parties hereto have executed this Agreement in multiples on this the _'r�ay of he .2024. CITY OF FORT WORTH: By: h/ ) L^� Vrie aleWWashington ton Assistant City Manager Date: 4 T ' — 1 M&C: 24-0062 M&C Approved: 01 /23/2024 Form 1295: 2023-1101004 STATE OF TEXAS COUNTY OF TARRANT APPROVED AS TO FORM AND LEGALITY: By:', Jeremy Anato-Mensah, Assistant City Attorney A It, City Secretary R APPROVAL: BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, on this day personally appeared Valerie Washington, 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 c ideration therein expressed and in the capacity therein stated. ZGIVEN UNDER MY HAND ANQUAT OFFICE this day l Not ub • n and fo th to o exas [SIGNATURES CONTINUE ON THE FOLLOWING PAGE] Consent to Assignment of CSC No. 46347 by Delta Aeronautics, Inc to: Miloud Aviation, LLC Page 4 of 7 OFFICIAL, RECQRO CITY SECRETARY FT. WORTH, TX Contract Compliance Manager: By signing I acknowledge that I am the person responsible for the monitoring and administration of this contract, including ensuring all performance and reporting requirements. da�6w.m �ee Barbara Goodwin Real Property Manager [SIGNATURES CONTINUE ON THE FOLLOWING PAGE] Consent to Assignment orCSC No. 46347 by Delta Aeronautics, bic to: Miloud Aviation, LLC Page 5 of 7 LESSEE: DELTA AERONAUTICS, INC. VIRGIN MILOUD, PRESIDENT Date: I /9 �Ia®,9_41 r 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 VIRGINIA MILOUD 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 DELTA AERONAUTICS, INC, and that he executed the same as the Manager of DELTA AERONAUTICS, INC, for the purposes and consideration therein expressed and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE this c� day c_XR , -0-►' 2024. F ATHER #124ARIE GROGG 6907tary ID M124176907 Commission Expires May ®, 2027 . Notary Public in and for the State f exas [SIGNATURES CONTINUE ON THE FOLLOWING PAGE] Consent to Assignment of CSC No. 46347 by Ddta Aeronautics, Inc to: Miloud Aviation, LLC Page 6 of 7 ASSIGNEE: MILOUD AVIATION, LLC By: ' CH MILOUD, MANAGING N1110VIBER Date: i/r� r✓� /� �� i STATE OF [TEXAS COUNTY OF X BEFORE ME, the undersigned authority, a Notary Public in and for the Statc of Texas, on this day personally appeared CHADD MILOUD known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to Inc that the same was the act of MILOUD AVIATION, LLC, and that he executed the same as the Manager of MILOUD AVIATION, LLC, for the purposes and consideration therein expressed and in the capacity therein stated. GIVjN UNDER MY HAND AND SEAL OF OFFICE this —� day 12024. HEATHER MARIE GROGG =�n Notary ID #124176907 My Commission Expires �� i�Y W or May 8, 2027 Notary Public in and for the State of Consent to Assigtunent of CSC No. 46347 by Delta Aeronautics, Inc to: Miloud Aviation, LLC Page 7 of 7 M&C Review Page 1 of 2 CITY COUN i , ►►' �i; Create New From REFERENCE "'M$C 24- 55FTW CONSENT TO ASSNMNT DATE: 1/23/2024 NO.: 0062 LOG NAME: DELTA AERONAUTICS TO MILOUD AVIATION CODE: C TYPE: CONSENT PUBLIC NO HEARING: SUBJECT: (CD 2) Authorize Execution of a Consent to Assignment of a Hangar and Ground Lease Agreement for Lease Site 4N by Delta Aeronautics, Inc. to Miloud Aviation, LLC at Fort Worth Meacham International Airport RECOMMENDATION: It is recommended that the City Council authorize execution of a consent to assignment of a hangar and ground lease agreement for Lease Site 4N by Delta Aeronautics, Inc. to Miloud Aviation, LLC at Fort Worth Meacham International Airport. DISCUSSION: The purpose of this Mayor and Council Communication (M&C) is to recommend that City Council authorize execution of a consent to assignment for Lease Site 4N at Fort Worth Meacham International Airport by Delta Aeronautics, Inc. to Miloud Aviation, LLC. On January 6, 2015, the City (Lessor) and Delta Aeronautics, Inc. (Delta Aeronautics), a Texas corporation (Lessee) entered into City Secretary Contract (CSC) 46347, a Hangar and Ground Lease Agreement consisting of a 18,595 square foot hangar and 106,292 square feet of ground space, known as Lease Site 4N at Fort Worth Meacham International Airport (Lease). On December 12, 2018, the Lessor and Lessee entered into CSC 46347-A1, the first lease amendment for the purpose of reducing the size of ground space from 106,292 square feet to 104,762 square feet. Currently, Lease Site 4N consists of a 18,595 square foot hangar and 104,762 square feet of ground space. The initial term of the Lease commenced on January 1, 2015 and expires on December 31, 2045. In addition to the initial term, the Lease provides for one (1) option to renew for ten (10) years. On December 5, 2023, staff received a request from Lessee to consent to an assignment of the Lease to Miloud Aviation, LLC. Upon City Council approval, Miloud Aviation, LLC will assume the leasehold interest and obligations associated with the Lease. The Lease prohibits any assignment of the lease or causing any lien to be made on improvements constructed on the leased premises without City Council approval. These types of transactions are routine for airport tenants and staff has no objection to this request. Under the current agreement, Delta Aeronautics remits to the City $45,949.20 annually, payable in monthly installments of $3,829.10 for the hangar and $49,238.16, payable in monthly installments of $4,103.18 for the ground. After the assignment, Miloud Aviation, LLC will remit the same amount and be subject to the provisions contained within the original agreement. Fort Worth Meacham International Airport is located in COUNCIL DISTRICT 2. FISCAL INFORMATION/CERTIFICATION: The Director of Finance certifies that upon approval of the above recommendation and execution of the lease agreement, funds will be deposited into the Municipal Airport Fund. The Aviation Department (and Financial Management Services) is responsible for the collection and deposit of funds due to the City. http://apps.cfwnet.orglcouncil_packet/nic_review.asp?ID=31770&councildate= 112312024 1 /26/2024 M&C Review Page 2 of 2 TO Fund Department Account Project Program Activity Budget Reference # Amount ID ID Year (Chartfield 2) FROM Fund Department Account Project Program Activity Budget Reference # Amount ID ID Year (Chartfield 2) Submitted for Citv Manager's Office bv: Oriainatina Department Head: Additional Information Contact: ATTACHMENTS FID TABLE.xlsx (CFW Internal) Form 1295 Miloud Aviation.Ddf (CFW Internal) Location MaD.Ddf (CFW Internal) Dana Burghdoff (8018) Roger Venables (5402) Ricardo Barcelo (5403) http://apps.cfwnet.org/council_packet/mc__review.asp?I D=31770&counci ldate= l /23/2024 1 /26/2024 ASSIGNMENT AND ASSUMPTION OF LEASE This Assignment and Assumption of Lease (this "Agreemen(") is made and entered into by and between Delta Aeronautics, Inc., a Texas corporation ("Seller"), and Miloud Aviation, LLC, a Texas limited liability company ("Purchaser') and shall be effective upon the approval to this assignment by the Fort Worth City Council. RECITALS: A. Assignor and Assignee have entered into that Purchase and Sale Agreement, dated as of the date hereof, by and between Assignor, as seller, and Assignee, as buyer (the "Purchase and Sale Agreement"), whereby Assignor is assigning all of the assets of the business known as Delta Qualiflight; B. Assignor is a party to that certain Hangar and Ground Lease Agreement dated January 15, 2015, whereby Assignor leases hangar space for the operation of its business fi-om the City of Fort Worth (the "Lease"); and C. Seller has agreed to assign to Purchaser those certain leases being more particularly described on what is attached hereto as Exhibit "A" (collectively the "Leases"). NOW, THEREFORE, in consideration of the receipt of Ten Dollars (S 10.00), the assumption by Purchaser hereinafter set forth and other good and valuable consideration including the purchase price of the assets paid by Purchaser, the receipt and sufficiency of which arc hereby acknowledged, Seller and Purchaser agree as follows: Assignment and Assumption of Lease: (a) Seller hereby sells, assigns, transfers and conveys to Purchaser all of Seller's right, title and interest as tenant in, to and under the Lease as of the date of this Agreement. (b) Purchaser hereby assumes, and hereby covenants and agrees to fully and faithfully perform, observe and comply with, all of the covenants, agreements, conditions and other terms and provisions stated in the Lease which, under the terms of the Lease, arc to be performed, observed, and complied with by the landlord from and after the date of this Agreement. Purchaser acknowledges that Purchaser shall become solely responsible and liable as tenant under the Lease for obligations arising or accruing from and after the date hereof: (c) Purchaser shall indemnify, hold harmless and defend Seller from and against any and all claims, demands, causes of action, liabilities, losses, costs, damages and expenses (including reasonable attorneys' fees and expenses and court costs incurred in defending any such claim or in enforcing this indemnity) that may be incurred by Seller by reason of the failure of Purchaser to perform, observe or comply with the tenant's obligations under the Lease arising or accruing during the period from and after the date hereof. (d) For purposes of this Paragraph 1, the word "landlord" means the landlord, lessor or other equivalent patty under the Lease, and the word "tenant" means the tenant, lessee or other equivalent party under the Lease. (e) Seller agrees to cooperate as reasonably necessary to obtain the consent to this assignment from the City of Fort Worth and shall execute any documents required by the city to consent ASSIGNMENT AND ASSUMPTION OF LEASE Page I to this assignment. 2. Counternarts. This Agreement may be executed in two or more counterparts, and it shall not be necessary that any one of the counterparts be executed by all of the parties hereto. Each fully or partially executed counterpart shall be deemed an original, but all of such counterparts taken together shall constitute one and the same instrument. 3. Successors and Assiens. This Agreement shall inure to the benefit of, and be binding upon, the successors, executors, administrators, legal representatives and assigns of the parties hereto. 4. Governine Law. This Agreement shall be construed under and enforced in accordance with the laws of the State of Texas. EXECUTED on October 6, 2023, but effective upon the approval to this assignment by the Fort Worth City Council. [Signature Page to Follow] ASSIGNMENT AND ASSUMPTION OF LEASE Page 2 SELLER: DELTA AERONAUTICS, INC, By: (� (111-✓ Virginia Miloud, President PURCHASER: MILOUD AVIATION, LLC By: Wu - Chad J ilod, Mai aging Member ASSIGNMENT AND ASSUMPTION OF LEASE Page 3 rn C-i rn rn v `n z c CITY SECRETAW aLL....o CONTRACT NO. FORT WORTH MEACHAM INTERNATIONAL AIRPORT HANGAR AND GROUND LEASE AGREEMENT LEASE SITE 4N 151 MEACHAM CIRCLE DRIVE This HANGAR AND GROUND LEASE AGREEMENT ("Lease") is made and entered into by and between the CITY OF FORT WORTH ("Lessor"), a home rule municipal corporation organized under the laws of the State of Texas, acting by and through Fernando Costa, its duly authorized Assistant City Manager, and DELTA AERONAUTICS, INC. ("Lessee"), a Texas corporation, acting by and through Khaled M. Miloud., its duly authorized President, each individually referred to as a "party" and collectively referred to as the "parties." AGREEMENT In consideration of the mutual covenants, promises and obligations contained herein, the parties agree as follows: 1. PROPERTY LEASED. Lessor hereby demises to Lessee 106,292 square feet of ground space ("Ground"), including a 18,595 square foot hangar ("Hangar") at Fort Worth Meacham International Airport ("Airport") in Fort Worth, Tarrant County, Texas, identified as Lease Site 4N, also known as 151 Meacham Circle Drive, ("Premises"), as shown in Exhibit "A", attached hereto and hereby made a part of this Lease for all purposes. 2. TERM OF LEASE. 2.1. Initial Term. The initial term of the Lease ("Initial Term") shall commence at 12:00 a.m. on January 1, 2015 ("Effective Date") and expire at 11:59 P.M. on December 31, 2045, unless terminated earlier as provided herein. 2.2 Renewal Term. If Lessee performs and abides by all provisions and conditions of this Lease, upon expiration of the Initial Term of this Lease, Lessee shall have one (1) option to renew this Lease for one (1) additional successive term of ten (10) years ("Renewal Term") at a rental rate calculated in accordance with Section 3.1 of this Lease and on terms and conditions that may be prescribed by Lessor at the time. Lessee shall notify Lessor in writing of its intent to exercise a respective option not less than ninety (90) nor more than one hundred eighty (180) days prior to the expiration of the term then in effect. If Lessee does not exercise its option for a first Renewal Term within the time frame provided herein, Lessee shall automatically and simultaneously forfeit its second option Delta Aeronautics Hangar and Ground Lease LEASE SrM 4N, Meacham Page I of 24 OFFICIAL RECORD CITY SECRETARY FT. WQRTN, TX to lease the Premises for a second Renewal Term, and Lessee shall no longer have any rights or interest in the Premises following the expiration of the Initial Term. 2.3. Holdover. If Lessee holds over after the expiration of the Initial Term or any Renewal Term, this action will create a month -to -month tenancy. In this event, for and during the holdover period, Lessee agrees to pay all applicable rentals, fees and charges at the rates provided by Lessor's Schedule of Rates and Charges or similarly published schedule in effect at the time of the Holdover. 3. RENT. 3.1. Rates and Adiustments The rental rates under this Lease are based on Lessor's current published Schedule of Rates and Charges. Rental rates are subject to increase beginning October 1, 2015, and on October I" of any subsequent year during the Initial Term, to reflect any upward change in the Consumer Price Index for the Dallas/Fort Worth Metropolitan Area, as announced by the United States Department of Labor or successor agency (i) for the first increase, since the Effective Date of this Lease and (ii) for each subsequent increase, since the effective date of the last increase; provided, however, that Lessee's rental rates shall not exceed the then -current rates prescribed by Lessor's published Schedule of Rates and Charges for the type or types of property similar to the type or types of property that comprise the Premises. 3.1.1 Hangar Rate Lessee shall commence the payment of rent for the Hangar on the Effective Date. Lessee hereby promises and agrees to pay Lessor, as annual rent for the Hangar, Thirty Five Thousand One Hundred Ninety One Dollars and Four Cents ($35,191.04), at a rate of $1.8925 One Dollar and Eight Thousand Nine Hundred Twenty -Five Ten -Thousandths Cents ($1.8925) per square foot, payable in equal monthly installments of Two Thousand Nine Hundred Thirty Two Dollars and Fifty Nine Cents ($2,932.59). 3.1.2 Ground Rate Lessee shall commence the payment of rent for the Ground Space on the Effective Date. Lessee hereby promises and agrees to pay Lessor, as annual rent for the Ground Space, Thirty Seven Thousand Two Hundred Two Dollars and Twenty Cents ($37,202.20), at a rate of Thirty Five Cents ($0.35) per square foot of land, payable in equal monthly installments of Three Thousand One Hundred Dollars and Eighteen Cents ($3,922.97). Delta Aeronautics Hangar and Ground Lease Lease Site 4N Meacham Page 2 of 24 3.2. Five -Year Adiustments In addition to the Annual Rent Adjustments, on October 1, 2020, and every fifth (5'1') year thereafter for the remainder of the Initial Term (i.e. on October 1 st of 2025, 2030, 2035 and 2040), rent shall automatically be adjusted to equal the then -current rates prescribed by the Schedule of Rates and Charges for the type or types of property at the Airport similar to the type or types of property that comprise the Premises. 3.3. Ten -Year Adiustments. HanLyar Rate Every tenth (10t') year for each Initial and Renewal term of the lease, the Hangar rate shall automatically be adjusted to equal the then appraised Fair Market Value, as prescribed by the Schedule of Rates and Charges for the type or types of property at the Airport similar to the type or types of property that comprise the Premises. 3.3 Pavment Dates and Late Fees. Monthly rent payments are due on or before the first (1st) day of each month. Payments must be received during normal business hours by the due date at the location for Lessor's Aviation Department set forth in Section 15. Rent shall be considered past due if Lessor has not received full payment by close of business the tenth (1 Oth) day of the month for which payment is due. Without limiting Lessor's termination rights as provided by this Lease, Lessor will assess a late penalty charge of ten percent (10%) per month on the entire balance of any overdue rent that Lessee may accrue. 4. CONSTRUCTION AND IMPROVEMENTS. 4.1. Mandatory Improvements. As additional security for this Lease, Lessee covenants and agrees that it shall construct the improvements on the Premises owned by the City of Fort Worth. The improvements approved shall be referred to as "Mandatory Improvements", as referenced in Exhibit "B". 4.1.1. Lessee shall commence construction within six (6) months following the execution of this Lease. Improvements shall be completed no later than eighteen (18) months after construction commenced. 4.1.2. Lessee shall complete the Mandatory Improvements according to the Project Schedule ("Schedule"), as identified in Exhibit ` 134". For each major task on the Schedule, Lessee shall provide, at a minimum, a 24-hour advance notice of commencement. 4.1.3. At the completion of construction, Lessee shall provide to the Lessor: a copy of the Certificate of Occupancy (if required), a complete set of Record Drawings and/or Delta Aeronautics Hangar and Ground Lease Lease Site 4N Meacham Page 3 of 24 As -Built Drawings in Adobe PDF and AutoCAD formats, and a Summary of the total cost/value of the Mandatory Improvements. 4.2 Diseretionary Improvements. Lessee may, at its sole discretion, perform modifications, renovations, improvements or other- construction work on any tract of the Premises. Lessee may not initiate any Discretionary Improvement on or to the Premises unless it first submits all plans, specifications and estimates for the costs of same to Lessor in writing, and also requests and receives in writing approval from Lessor's Director of Airport Systems or authorized representative ("Director"). Lessee covenants and agrees that it shall fully comply with all provisions of this Section 4 in the construction of any such Discretionary Improvements. Lessor shall promptly review, consider and make a decision on approval of such plans, specifications and estimates. Upon completion of any such Discretionary Improvements or the termination of this Lease, Lessor shall take full title to any Discretionary Improvements on the Premises. 4.2 Process for Aquroval of Plans. Lessee's plans for construction of the Discretionary Improvements shall conform to Spinks' architectural standards and must also be approved in writing by Lessor's Planning and Development Department. All plans, specifications and work shall conform to all federal, state and local laws, ordinances, rules and regulations in force at the time that the plans are presented for review. Lessor covenants and agrees that Lessor shall handle any and all such plans for construction and improvement in a manner consistent with the provisions of Section 4.2 above. 4.3. Documents. Lessee shall supply the Director with comprehensive sets of documentation relative to any Discretionary Improvement, including, at a minimum, a copy of the Certificate of Occupancy, a complete set of Record Drawings and/or As -Built Drawings in Adobe PDF and AutoCAD formats, and a Summary of the total cost/value of the Discretionary Improvements. 4.4 Bonds Required of Lessee. Prior to the commencement of any Improvement, Lessee shall deliver to Lessor a bond, executed by a corporate surety in accordance with Texas Government Code, Chapter 2253, as amended, in the full amount of each construction contract or project. The bonds shall guarantee (i) satisfactory compliance by Lessee with all applicable requirements, terms and conditions of this Lease, including, but not limited to, the satisfactory completion of the respective Improvements, and (ii) full payments to all persons, firms, corporations or other entities with whom Lessee has a direct relationship for the construction of such Improvements. Delta Aeronautics Hangar and Ground Lease Lease Site 4N Meacham Page 4 of24 In lieu of the required bond, Lessee may provide Lessor with a cash deposit or an assignment of a certificate of deposit in an amount equal to 125% of the full amount of each construction contract or project. If Lessee makes a cash deposit, Lessee shall not be entitled to any interest earned thereon. Certificates of deposit shall be from a financial institution in the Dallas -Fort Worth Metropolitan Area which is insured by the Federal Deposit Insurance Corporation and acceptable to Lessor. The interest earned on the certificate of deposit shall be the property of Lessee and Lessor shall have no rights in such interest. If Lessee fails to complete the respective Improvements, or if claims are filed by third parties on grounds relating to such Improvements, Lessor shall be entitled to draw down the full amount of Lessee's cash deposit or certificate of deposit and apply the proceeds to complete the Improvements or satisfy the claims, provided that any balance shall be remitted to Lessee. 4.5 Bonds Required of Lessee's Contractors. Prior to the commencement of any Discretionary Improvement, each of Lessee's contractors shall execute and deliver to Lessee surety performance and payment bonds in accordance with the Texas Government Code, Chapter 2253, as amended, to cover the costs of all work performed under such contractor's contract with Lessee. Lessee shall provide Lessor with copies of such bonds prior to the commencement of such Discretionary Improvement. The bonds shall guarantee (i) the faithful performance and completion of all construction work in accordance with the final plans and specifications as approved by Lessor, and (ii) full payment for all wages for labor and services and of all bills for materials, supplies and equipment used in the performance of the construction contract. Such bonds shall name both Lessor and Lessee as dual obligees. If Lessee serves as its own contractor, Section 4.5 shall apply. 4.6 Releases by Lessor Upon Completion of Construction Work. Lessor will allow Lessee a dollar -for -dollar reimbursement from its cash deposit account or reduction of its claim upon Lessor's certificate of deposit to the extent of construction costs paid through that date upon (i) where Lessee serves as its own contractor, verification that Lessee has completed construction work, or (ii) where Lessee uses a contractor, receipt of the contractor's invoice and verification that the contractor has completed its work and released Lessee to the extent of Lessee's payment for such work, including bills paid affidavits and final waivers of liens. Any unused amounts in the cash deposit account will be refunded to Lessee upon final completion of the construction work. Delta Aeronautics Hangar and Ground Lease Lease Site 4N Meacham Page 5 of 24 S. USE OF PREMISES. Lessee hereby agrees to use the Premises solely for aviation -related purposes only and strictly in accordance with the terms and conditions of this Lease. Lessee shall have the right to sublease portions of the Premises to various third parties ("Sublessees") for aviation -related purposes only under terms and conditions acceptable to and determined by Lessee, provided that all such arrangements shall be in writing and approved in advance by Lessor. All written agreements executed by Lessee to Sublessees for any portion of the Premises shall contain terms and conditions that (i) do not conflict with Lessee's duties and obligations under this Lease; (ii) incorporate the terms and provisions of this Lease; (iii) restrict the use of the Premises to aircraft storage or other aviation or aviation -related purposes acceptable to Lessor; and (iv) treat users of the same or substantially similar facilities in a fair and non-discriminatory manner. Lessee shall use a standard lease form for all Sublessees and shall submit a copy of such standard lease form to the Director prior to Lessee's execution of its first lease and from time to time thereafter following any material changes to such lease form. Lessee may make non -material modifications to its standard lease to the extent that such are not contrary to Lessor's Sponsor's Assurances without the prior written consent of Lessor. 6. REPORTS, AUDITS AND RECORDKEEPING. Within thirty (30) days following the end of each calendar year, Lessee shall provide Lessor with a written annual report, in a form acceptable to the Director, that reflects Lessee's rental rates for the immediately preceding calendar year. Lessor may request, and Lessee shall promptly provide, similar reports on a more frequent basis that reflect Lessee's rental rates on the Premises for the period requested by Lessor. These reports shall be delivered to Lessor's Department of Aviation at the address provided in Section 15. In addition, Lessee shall keep and maintain books and records pertaining to Lessee's operations at the Airport and other obligations hereunder in a manner satisfactory to Lessor's Internal Auditor and at a location within the City of Fort Worth. Upon Lessor's request and following reasonable advance notice, Lessee will make such books and records available for review by Lessor during Lessee's normal business hours. Lessor, at Lessor's sole cost and expense, shall have the right to audit such books and records in order to ensure compliance with the terms of this Lease and the Sponsor's Assurances made by Lessor to the Federal Aviation Administration. 7. UTILITIES. Lessee, at Lessee's sole cost and expense, shall be responsible for the installation and use of all utility services to all portions of the Premises and for all other related utility expenses, including, but not limited to, deposits and expenses required for the installation of meters. Lessee further covenants and agrees to pay all costs and expenses for any extension, maintenance or repair of any and all utilities serving the Premises. In addition, Lessee agrees that all utilities, air conditioning and heating equipment and other electrically -operated equipment which may be used on the Premises shall fully comply with Lessor's Mechanical, Electrical, Plumbing, Building and Fire Codes ("Codes"), as they exist or may hereafter be amended. Delta Aeronautics Hangar and Ground Lease Lease Site 4N Meacham Page 6 of 24 8. MAINTENANCE AND REPAIRS. 8.1. Maintenance and Repairs by Lessee. Lessee agrees to keep and maintain the Premises in a good, clean and sanitary condition at all times, reasonable wear and tear expected. Lessee covenants and agrees that it will not make or suffer any waste of the Premises. Lessee, at Lessee's sole cost and expense, will make all repairs or replacements necessary to prevent the deterioration in condition or value of the Premises, including, but not limited to, the maintenance of and repairs to all hangars and other structures, doors, windows and roofs, and all fixtures, equipment, hangar modifications and surrounding pavement on the Premises. Lessee shall be responsible for all damages caused by Lessee, its agents, servants, employees, contractors, subcontractors, licensees or invitees, and Lessee agrees to fully repair all such damages at Lessee's sole cost and expense. Lessee agrees that all improvements, trade fixtures, furnishings, equipment and other personal property of every kind or description which may at any time be on the Premises shall be at Lessee's sole risk or at the sole risk of those claiming under Lessee. Lessor shall not be liable for any damage to such property or loss suffered by Lessee's business or business operations, which may be caused by the bursting, overflowing or leaking of sewer or steam pipes, from water from any source whatsoever, or from any heating fixtures, plumbing fixtures, electric wires, noise, gas or odors, or from causes of any other matter. 8.2. Compliance with ADA. Lessee, at its sole cost and expense, agrees to keep and maintain the Premises in full compliance at all times with the Americans with Disabilities Act of 1990, as amended ("ADA"). In addition, Lessee agrees that all improvements it makes at the Airport shall comply with all ADA requirements. 8.3. Inspections. 8.3.1. Lessor shall have the right and privilege, through its officers, agents, servants or employees, to inspect the Premises. Except in the event of an emergency, Lessor shall conduct such inspections during Lessee's ordinary business hours and shall use its best efforts to provide Lessee at least two (2) hours' notice prior to any inspection. 8.3.2. If Lessor determines during an inspection of the Premises that Lessee is responsible under this Lease for any maintenance or repairs, Lessor shall notify Lessee in writing. Lessee agrees to begin such maintenance or repair work diligently within thirty (30) calendar days following receipt of such notice and to then complete such maintenance or repair work within a reasonable time, considering the nature of the work to be done. If Lessee fails to begin the recommended maintenance or repairs within such time or fails to complete the maintenance or repairs within a reasonable time, Lessor may, in its discretion, Delta Aeronautics Hangar and Ground Lease Lease Site 4N Meacham Page 7 of 24 perform such maintenance or repairs on behalf of Lessee. In this event, Lessee will reimburse Lessor for the cost of the maintenance or repairs, and such reimbursement will be due on the date of Lessee's next monthly rent payment following completion of the maintenance or repairs. 8.3.3. During any inspection, Lessor may perform any obligations that Lessor is authorized or required to perform under the terms of this Lease or pursuant to its governmental duties under federal, state or local laws, rules or regulations. 8.3.4. Lessee will permit the City's Fire Marshal or his or her authorized agents to inspect the Premises and Lessee will comply with all requirements of the Fire Marshal or his or her authorized agents that are necessary to bring the Premises into compliance with the City of Fort Worth Fire Code and Building Code provisions regarding fire safety, as such provisions exist or may hereafter be amended. Lessee shall maintain in proper condition accessible fire extinguishers of a number and type approved by the Fire Marshal or his or her authorized agents for the particular hazard involved. 8.4. Environmental Remediation. To the best of Lessor's knowledge, the Premises comply with all applicable federal, state and local environmental regulations or standards. Lessee agrees that it has inspected the Premises and is fully advised of its own rights without reliance upon any representation made by Lessor concerning the environmental condition of the Premises. LESSEE, AT ITS SOLE COST AND EXPENSE, AGREES THAT IT SHALL BE FULLY RESPONSIBLE FOR THE REMEDIATION OF ANY VIOLATION OF ANY APPLICABLE FEDERAL, STATE OR LOCAL ENVIRONMENTAL REGULATION OR STANDARD THAT IS CAUSED BY LESSEE, ITS OFFICERS, AGENTS, SERVANTS, EMPLOYEES, CONTRACTORS, SUBCONTRACTORS OR INVITEES. 9. SIGNS. Lessee may, at its sole expense and with the prior written approval of the Director, install and maintain signs on the exterior of the Premises related to Lessee's business operations. Such signs, however, must be in keeping with the size, color, location and manner of display of other signs at the Airport. Lessee shall maintain all such signs in a safe, neat, sightly and physically good condition. 10. RIGHTS AND RESERVATIONS OF LESSOR. Lessor hereby retains the following rights and reservations: Delta Aeronautics Hangar and Ground Lease Lease Site 4N Meacham Page 8 of24 10.1. Lessor reserves the right to take any action it considers necessary to protect the aerial approaches of the Airport against obstruction, including, but not limited to, the right to prevent Lessee from erecting or permitting to be erected any building or other structure which, in the opinion of Lessor, would limit the usefulness of the Airport, constitute a hazard to aircraft or diminish the capability of existing or future avigational or navigational aids used at the Airport. 10.2 Lessor reserves the right to develop and improve the Airport as it sees fit, regardless of the desires or view of Lessee, and without interference or hindrance by or on behalf of Lessee. Accordingly, nothing contained in this Lease shall be construed to obligate Lessor to relocate Lessee as a result of any such Airport developments or improvements. 10.3 This Lease shall be subordinate to the provisions of any existing or future agreement between Lessor and the United States Government, which relates to the operation or maintenance of the Airport and is required as a condition for the expenditure of federal funds for the development, maintenance or repair of Airport infrastructure. In the event that any such existing or future agreement directly causes a material restriction, impairment or interference with Lessee's primary operations on the Premises ("Limitation") for a period of less than seven (7) calendar days, this Lease shall continue in full force and effect. If the Limitation lasts more than seven (7) calendar days, Lessee and Lessor shall negotiate in good faith to resolve or mitigate the effect of the Limitation. If Lessee and Lessor are in good faith unable to resolve or mitigate the effect of the Limitation, and the Limitation lasts between seven (7) and one hundred eighty (180) days, then for such period (i) Lessee may suspend the payment of any rent due hereunder, but only if Lessee first provides adequate proof to Lessor that the Limitation has directly caused Lessee a material loss in revenue; (ii) subject to ordinary wear and tear, Lessor shall maintain and preserve the Premises and its improvements in the same condition as they existed on the date such Limitation commenced; and (iii) the term of this Lease shall be extended, at Lessee's option, for a period equal to the duration of such Limitation. If the Limitation lasts more than one hundred eighty (180) days, then (i) Lessor and Lessee may, but shall not be required to, (a) further adjust the payment of rent and other fees or charges, (b) renegotiate maintenance responsibilities and (c) extend the term of this Lease, or (ii) Lessee may terminate this Lease upon thirty (30) days' written notice to Lessor. 10.4 During any war or national emergency, Lessor shall have the right to lease any part of the Airport, including its landing area, to the United States Government. In this event, any provisions of this instrument which are inconsistent with the provisions of the lease to the Government shall be suspended. Lessor shall not be liable for any loss or damages alleged by Lessee as a result of this action. However, nothing in this Lease shall prevent Lessee from pursuing any rights it may have for reimbursement from the United States Government. If any lease between Lessor and the United States Government executed pursuant to this Section 10.4 directly causes a Limitation for a period of less than seven (7) calendar days, this Lease shall continue in full force and effect. If the Limitation lasts more than seven (7) calendar days, Lessee and Lessor Delta Aeronautics Hangar and Ground Lease Lease Site 4N Meacham Page 9 of 24 shall negotiate in good faith to resolve or mitigate the effect of the Limitation. If Lessee and Lessor are in good faith unable to resolve or mitigate the effect of the Limitation, and the Limitation lasts between seven (7) and one hundred eighty (180) days, then for such period (i) Lessee may suspend the payment of any rent due hereunder, but only if Lessee first provides adequate proof to Lessor that the Limitation has directly caused Lessee a material loss in revenue; (ii) subject to ordinary wear and tear, Lessor shall maintain and preserve the Premises and its improvements in the same condition as they existed on the date such Limitation commenced; and (iii) the term of this Lease shall be extended, at Lessee's option, for a period equal to the duration of such Limitation. If the Limitation lasts more than one hundred eighty (180) days, then (i) Lessor and Lessee may, but shall not be required to, (a) further adjust the payment of rent and other fees or charges, (b) renegotiate maintenance responsibilities and (c) extend the term of this Lease, or (ii) Lessee may terminate this Lease upon thirty (30) days' written notice to Lessor. 10.5 Lessor covenants and agrees that during the term of this Lease it will operate and maintain the Airport and its facilities as a public airport consistent with and pursuant to the Sponsor's Assurances given by Lessor to the United States Government through the Federal Airport Act; and Lessee agrees that this Lease and Lessee's rights and privileges hereunder shall be subordinate to the Sponsor's Assurances. 10.6 Lessee's rights hereunder shall be subject to all existing and future utility and drainage easements and rights -of -way granted by Lessor for the installation, maintenance, inspection, repair or removal of facilities owned or operated by electric, gas, water, sewer, communication or other utility companies. Lessee's rights shall additionally be subject to all rights granted by any ordinance or statute which allows utility companies to use publicly -owned property for the provision of utility services. 10.7 Lessor agrees Lessee shall have the right of ingress and egress to and from the Premises by means of roadways for automobiles and taxiways for aircraft including access during the construction phase of airport improvements, unless otherwise agreed to in writing by both parties. Such rights shall be consistent with the rules and regulations with respect to the occupancy and use of airport premises as adopted from time to time by the City of Fort Worth and by the Federal Aviation Administration or any other state, federal or local authority. 11. INSURANCE. Lessee shall procure and maintain at all times, in full force and effect, a policy or policies of insurance as specified herein, naming the City of Fort Worth, its Officers, Employees and Volunteers as an additional insured and covering all public risks related to the leasing, use, occupancy, maintenance, existence or location of the Premises. Lessee shall obtain the required insurance in accordance with Exhibit "C", the "City of Fort Worth Aviation Insurance Requirements" attached hereto and made part of this Lease for all purposes. Delta Aeronautics Hangar and Ground Lease Lease Site 4N Meacham Page 10 of 24 In addition, Lessee shall be responsible for all insurance to construction, improvements, modifications or renovations to the Premises and for personal property of its own or in its care, custody or control. 11.1. Adiustments to Required Coverage and Limits. Insurance requirements, including additional types of coverage and increased limits on existing coverages, are subject to change at Lessor's option and as necessary to cover Lessee's and any Sublessees' operations at the Airport. Lessee will accordingly comply with such new requirements within thirty (30) days following notice to Lessee. 11.2. Certificates. As a condition precedent to the effectiveness of this Lease, Lessee shall furnish Lessor with appropriate certificates of insurance signed by the respective insurance companies as proof that it has obtained the types and amounts of insurance coverage required herein. Lessee hereby covenants and agrees that not less than thirty (30) days prior to the expiration of any insurance policy required hereunder, it shall provide Lessor with a new or renewal certificate of insurance. In addition, Lessee shall, at Lessor's request, provide Lessor with evidence that it has maintained such coverage in full force and effect. 11.3. Additional Requirements. Lessee shall maintain its insurance with underwriters authorized to do business in the State of Texas and which are satisfactory to Lessor. The policy or policies of insurance shall be endorsed to cover all of Lessee's operations at the Airport, to grant additional insured status to the City, its Officers, Employees and Volunteers, and to provide that no material changes in coverage, including, but not limited to, cancellation, termination, non -renewal or amendment, shall be made without thirty (30) days' prior written notice to Lessor. Lessor shall be responsible for notifying the City of any change to its insurance coverage that amends or alters that coverage required by this lease. 12. INDEPENDENT CONTRACTOR It is expressly understood and agreed that Lessee shall operate as an independent contractor as to all rights and privileges granted herein, and not as an agent, representative or employee of Lessor. Lessee shall have the exclusive right to control the details of its operations and activities on the Premises and shall be solely responsible for the acts and omissions of its officers, agents, servants, employees, contractors, subcontractors, patrons, licensees and invitees. Lessee acknowledges that the doctrine of respondeat superior shall not apply as between Lessor and Lessee, its officers, agents, employees, contractors and subcontractors. Lessee further agrees that nothing herein shall be construed as the creation of a partnership or joint enterprise between Lessor and Lessee. Delta Aeronautics Hangar and Ground Lease Lease Site 4N Meacham Page 11 of24 13. INDEMNIFICATION. LESSEE HEREBY ASSUMES ALL LIABILITY AND RESPONSIBILITY FOR PROPERTY LOSS, PROPERTY DAMAGE AND/OR PERSONAL INJURY OF ANY KIND, INCLUDING DEATH, TO ANY AND ALL PERSONS, OF ANY KIND OR CHARACTER, WHETHER REAL OR ASSERTED, ARISING OUT OF OR IN CONNECTION WITH ITS USE OF THE AIRPORT UNDER THIS LEASE OR WITH THE LEASING, MAINTENANCE, USE, OCCUPANCY, EXISTENCE OR LOCATION OF THE PREMISES, EXCEPT TO THE EXTENT CAUSED BY THE GROSS NEGLIGENCE OR INTENTIONAL MISCONDUCT OF LESSOR, ITS OFFICERS, AGENTS, SERVANTS OR EMPLOYEES. DURING THE TERM OF THIS LEASE, LESSEE COVENANTSAND AGREES TO, AND DOES TO THE EXTENT ALLOWED BY LAW, WITHOUT WAIVING ANY DEFENSES PROVIDED BY LAW, HEREBY INDEMNIFY, HOLD HARMLESS AND DEFEND LESSOR, ITS OFFICERS, AGENTS, SERVANTS AND EMPLOYEES, FROM AND AGAINST ANY AND ALL CLAIMS OR LAWSUITS FOR EITHER PROPERTY DAMAGE OR LOSS, INCLUDING ALLEGED DAMAGE OR LOSS TO LESSEE'S BUSINESS AND ANY RESULTING LOST PROFITS, AND/OR PERSONAL INJURY, INCL UDING DEATH, TO ANY AND ALL PERSONS, OF ANY KIND OR CHARACTER, WHETHER REAL OR ASSERTED, ARISING OUT OF OR IN CONNECTION WITH LESSEE'S USE OF THE AIRPORT UNDER THIS LEASE OR WITH THE USE, LEASING, MAINTENANCE, OCCUPANCY, EXISTENCE OR LOCATION OF THE PREMISES, EXCEPT TO THE EXTENT CA USED BY THE GROSS NEGLIGENCE OR INTENTIONAL MISCONDUCT OF LESSOR, ITS OFFICERS A GENTS, SERVANTS OR EMPLOYEES. LESSEE ASSUMES ALL RESPONSIBILITYAND AGREES TO PAYLESSOR FOR ANY AND ALL INJURIES OR DAMAGES TO LESSOR'S PROPERTY WHICH ARISE OUT OF OR IN CONNECTION WITH ANY AND ALL ACTS OR OMISSIONS OF LESSEE, ITS OFFICERS, AGENTS, EMPLOYEES, CONTRACTORS, SUBCONTRACTORS, LICENSEES OR INVITEES, EXCEPT TO THE EXTENT CAUSED BY THE GROSS NEGLIGENCE OR INTENTIONAL MISCONDUCT OF LESSOR, ITS OFFICERS, AGENTS, SERVANTS OR EMPLOYEES. LESSOR DOES NOT GUARANTEE POLICE PROTECTION TO LESSEE, ANY SUBLESSEES OR THEIR PROPERTY. LESSOR IS OBLIGATED ONLY TO PROVIDE SECURITY ADEQUATE TO MAINTAIN LESSOR'S CERTIFICATION UNDER FAA REGULATIONS. LESSEE SIIALL COMPLY WITHALL APPLICABLE REGULATIONS OF THE FAA RELATING TO AIRPORT SECURITY. LESSEE SHALL PAYALL FINES IMPOSED BY THE FAA ON LESSOR OR LESSEE RESULTING FROM LESSEE'S OR ANYSUBLESSEES' FAILURE TO COMPLY WITH SUCH FAA REGULATIONS OR TO PREVENT UNAUTHORIZED PERSONS OR PARTIES FROM OBTAINING ACCESS TO THE AIR OPERATIONS AREA OF THE AIRPORT FROM THE PREMISES. Delta Aeronautics Hangar and Ground Lease Lease Site 4N Meacham Page 12 of 24 14. TERMINATION. In addition to termination rights contained elsewhere in this Lease, Lessor shall have the right to terminate this Lease as follows: 14.1. Failure by Lessee to Pav Rent, Fees or Other Charges. If Lessee fails to pay any rent, fees or other charges due under this Lease, Lessor shall deliver to Lessee a written invoice and notice to pay the invoice within ten (10) calendar days. If Lessee fails to pay the balance outstanding within such time, Lessor shall have the right to terminate this Lease immediately. 14.2. Breach or Default by Lessee. If Lessee commits any breach or default, other than Lessee's failure to pay rent, Lessor shall deliver written notice to Lessee specifying the nature of such breach or default. Lessee shall have thirty (30) calendar days following such written notice to cure, adjust or correct the problem to the standard existing prior to the breach. If Lessee fails to cure the breach or default within such time period, Lessor shall have the right to terminate this Lease immediately. 14.3. Abandonment or Non -Use of the Premises. Lessee's abandonment or non-use of the Premises for any reason for more than thirty (30) consecutive calendar days shall constitute grounds for immediate termination of this Lease by Lessor. 14.4. Lessee's Financial Obligations to Lessor upon Termination. Breach or Default. If Lessor terminates this Lease for any non-payment of rent, fees or other charges or for any other breach or default as provided in Sections 14.1, 14.2 or 14.3 of this Lease, Lessee shall be liable for and shall pay to Lessor all rent due Lessor for the remainder of the term then in effect as well as all arrearages of rentals, fees and charges payable hereunder. In no event shall a reentry onto or reletting of the Premises by Lessor be construed as an election by Lessor to forfeit any of its rights under this Lease. 14.5. Rights of Lessor Upon Termination or Expiration. Upon termination or expiration of this Lease, all rights, powers and privileges granted to Lessee hereunder shall cease and Lessee shall vacate the Premises. Within twenty (20) days following the effective date of termination or expiration, Lessee shall remove from the Premises all trade fixtures, tools, machinery, equipment, materials and supplies placed on the Premises by Lessee pursuant to this Lease. After such time, Lessor shall have the right to take full possession of the Premises, by force if necessary, and to remove any and all parties and property remaining on any part of the Premises. Lessee agrees that it will assert no claim of any kind against Lessor, its agents, servants, Delta Aeronautics Hangar and Ground Lease Lease Site 4N Meacham Page 13 of 24 employees or representatives, which may stem from Lessor's termination of this Lease or any act incident to Lessor's assertion of its right to terminate or Lessor's exercise of any rights granted hereunder. 15. NOTICES. Notices required pursuant to the provisions of this Lease shall be conclusively determined to have been delivered when (i) hand -delivered to the other party, its agents, employees, servants or representatives, or (ii) deposited in the United States Mail, postage prepaid, addressed as follows: To LESSOR: To LESSEE: City of Fort Worth Delta Aeronautics, Inc. Aviation Department ATTN: Khalid M. Maloud 4201 N Main St, Suite 200 151 Meacham Circle Drive Fort Worth TX 76106 Fort Worth, Texas 76106 16. ASSIGNMENT AND SUBLETTING. 16.1. In General. Lessee shall have the right to sublease portions of the Premises as provided by and in accordance with Section 5 of this Lease. Otherwise, Lessee shall not assign, sell, convey, sublease or transfer the entirety of its rights, privileges, duties or interests granted by this Lease without the advance written consent of Lessor. 16.2. Conditions of Aunroved Assienments and Subleases. If Lessor consents to any assignment or sublease, all terms, covenants and agreements set forth in this Lease shall apply to the assignee or sublessee, and such assignee or sublessee shall be bound by the terms and conditions of this Lease the same as if it had originally executed this Lease. The failure or refusal of Lessor to approve a requested assignment or sublease shall not relieve Lessee of its obligations hereunder, including payment of rentals, fees and charges. 17. LIENS BY LESSEE. Lessee acknowledges that it has no authority to engage in any act or to make any contract which may create or be the foundation for any lien upon the property or interest in the property of Lessor. If any such purported lien is created or filed, Lessee, at its sole cost and expense, shall liquidate and discharge the same within thirty (30) days of such creation or filing. Lessee's failure to discharge any such purported lien shall constitute a breach of this Lease and Lessor may terminate this Lease upon thirty (30) days' written notice. However, Lessee's financial obligation to Lessor to liquidate and discharge such lien shall continue in effect following termination of this Lease and until such a time as the lien is discharged. Delta Aeronautics Hangar and Ground Lease Lease Site 4N Meacham Page 14 of24 18. TAXES AND ASSESSMENTS. Lessee agrees to pay any and all federal, state or local taxes or assessments which may lawfully be levied against Lessee due to Lessee's use or occupancy of the Premises or any improvements or property placed on the Premises by Lessee as a result of its occupancy. 19. COMPLIANCE WITH LAWS, ORDINANCES, RULES AND REGULATIONS. Lessee covenants and agrees that it shall not engage in any unlawful use of the Premises. Lessee further agrees that it shall not permit its officers, agents, servants, employees, contractors, subcontractors, patrons, licensees or invitees to engage in any unlawful use of the Premises and Lessee immediately shall remove from the Premises any person engaging in such unlawful activities. Unlawful use of the Premises by Lessee itself shall constitute an immediate breach of this Lease. Lessee agrees to comply with all federal, state and local laws; all ordinances, rules and regulations of Lessor; all rules and regulations established by the Director; and all rules and regulations adopted by the City Council pertaining to the conduct required at airports owned and operated by the City, as such laws, ordinances, rules and regulations exist or may hereafter be amended or adopted. If Lessor notifies Lessee or any of its officers, agents, employees, contractors, subcontractors, licensees or invitees of any violation of such laws, ordinances, rules or regulations, Lessee and its officers, agents, employees, contractors, subcontractors, licensees or invitees shall immediately desist from and correct the violation. 20. NON-DISCRIMINATION COVENANT. Lessee, for itself, its personal representatives, successors in interest and assigns, as part of the consideration herein, agrees as a covenant running with the land that no person shall be excluded from participation in or denied the benefits of Lessee's use of the Premises on the basis of race, color, national origin, religion, disability, sex, sexual orientation, transgender, gender identity or gender expression. Lessee further agrees for itself, its personal representatives, successors in interest and assigns that no person shall be excluded from the provision of any services on or in the construction of any improvements or alterations to the Premises on grounds of race, color, national origin, religion, disability, sex, sexual orientation, transgender, gender identity or gender expression. Lessee agrees to furnish its accommodations and to price its goods and services on a fair and equal basis to all persons. In addition, Lessee covenants and agrees that it will at all times comply with any requirements imposed by or pursuant to Title 49 of the Code of Federal Regulations, Part 21, Non -Discrimination in Federally Assisted Programs, of the Department of Transportation and with any amendments to these regulations which may hereafter be enacted. If any claim arises from an alleged violation of this non-discrimination covenant by Lessee, its personal representatives, successors in interest or assigns, Lessee agrees to indemnify Lessor and hold Lessor harmless. Delta Aeronautics Hangar and Ground Lease Lease Site 4N Meacham Page 15 of24 21. LICENSES AND PERMITS. Lessee shall, at its sole expense, obtain and keep in effect all licenses and permits necessary for the operation of its operations at the Airport. 22. GOVERNMENTAL POWERS. It is understood and agreed that by execution of this Lease, Lessor does not waive or surrender any of its governmental powers. 23. NO WAIVER. The failure of Lessor to insist upon the performance of any term or provision of this Lease or to exercise any right granted herein shall not constitute a waiver of Lessor's right to insist upon appropriate performance or to assert any such right on any future occasion. 24. VENUE AND JURISDICTION. If any action, whether real or asserted, at law or in equity, arises on the basis of any provision of this Lease or of Lessee's operations on the Premises, venue for such action shall lie in state courts located in Tarrant County, Texas or the United States District Court for the Northern District of Texas, Fort Worth Division. This Lease shall be construed in accordance with the laws of the State of Texas. 25. ATTORNEYS' FEES. In the event there should be a breach or default under any provision of this Lease and either party should retain attorneys or incur other expenses for the collection of rent, fees or charges, or the enforcement of performance or observances of any covenant, obligation or agreement, Lessor and Lessee agree that each party shall be responsible for its own attorneys' fees. 26. SEVERABILITY. If any provision of this Lease shall be held to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired. 27. FORCE MAJEURE. Lessor and Lessee shall exercise every reasonable effort to meet their respective obligations as set forth in this Lease, but shall not be held liable for any delay in or omission of performance due to force majeure or other causes beyond their reasonable control, including, but not limited to, compliance with any government law, ordinance or regulation, acts of God, acts of omission, fires, strikes, lockouts, national disasters, wars, riots, material or labor restrictions, transportation problems or any other cause beyond the reasonable control of Lessor or Lessee. Delta Aeronautics Hangar and Ground Lease Lease Site 4N Meacham Page 16 of 24 28. HEADINGS NOT CONTROLLING. Headings and titles used in this Lease are for reference purposes only and shall not be deemed a part of this Lease. 29. ENTIRETY OF AGREEMENT. This written instrument, including any documents attached hereto or incorporated herein by reference, contains the entire understanding and agreement between Lessor and Lessee, its assigns and successors in interest, as to the matters contained herein. Any prior or contemporaneous oral or written agreement is hereby declared null and void to the extent in conflict with any provisions of this Lease. The terms and conditions of this Lease shall not be amended unless agreed to in writing by both parties and approved by the City Council of Lessor, IN,WITNESS WHEREOF, the parties hereto have executed this Agreement in multiples on this the J, _ day of jq ►1 VI.A, ► t] , 2015 r CITY OF FORT WORTH: By.` Fernando Costa Assistant City Manager pate:---J�.L:� 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. (1 GIVEN UNDER MY HAND AND SEAL OF OFFICE this day 2014. ry Public in and for the State of Texas EVONIA DANIELS 4 Notary PubliC, State of Texas My Commission Explres July 10, 2017 Delta Aeronautics Hangar and Ground Lease Lease Site 4N Meacham Page 17 of 24 APPROVED AS TO FORM AND LEGALITY: _ By: a�t� Charlene Sanders Assistant City Attorney M&C: Date:i"'Oqp/ Ad 7r LESSEE: DELTA AERONAUTICS, INC. BYIAi -N- 4--Z� 41` -I-At If. Atli-e d Date: /61�-- 08 - acetyl STATE OF '--r"O § COUNTY OF § ATTEST: Ar by Ronald P. Gonzales, Asst.,City ATTEST: BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, on this day personally appeared Khalid M. Maloud, 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 Delta Aeronautics, Inc. and that he executed the same as the act of Delta Aeronautics, Inc. for the purposes and consideration therein expressed and in the capacity therein stated. GIVEN ER MY HAND AND SEAL OF OFFICE this R W day 2014. 15-- JAMES 811RRIS My Commission Expires November 5, 2018 Delta Aeronautics Hangar and Ground Lease Lease Site 4N Meacham Page 18 of24 oaa���� Notivpublic in and for the State of Texas OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX EXHIBIT A REAL PROPERTY DESCRIPTION FOR FORT WORTH MEACHAM INTERNATIONAL AIRPORT LEASE SITE 4N A parcel of land situated in Block 1, Meacham Airport as recorded in Cabinet A, Slides 2445- 2447, Plat Records of Tarrant County, Texas, and being more particularly described by metes and bounds as follows: Beginning at a cotton spindle found in asphalt at the most westerly comer of herein described parcel and being a common comer of Lease SN having surface coordinates of 6983170.94 E 2320441.85; Thence: North 47 degrees 54 minutes 49 seconds East, generally along a chain link fence line, 91.10 feet to a 5/8" iron rod found with ared plastic cap stamped "CITY OF FT. WORTH SURVEY DIVISION' at an ell comer; Thence: North 42 degrees 02 minutes 56 seconds West, 74.57 feet to a 5/8" iron rod found with a red plastic cap stamped "CITY OF FT. WORTH SURVEY DIVISION" at an ell comer; Thence: North 47 degrees 54 minutes 49 seconds East, partially along a chain link fence line 195.33 feet to a 5/8" iron rod found with a red plastic cap stamped "CITY OF FT. WORTH SURVEY DIVISION' at an angle point; Thence: North 73 degrees 46 minutes 34 seconds East, 32.96 feet to a 5/8" iron rod found with a red plastic cap stamped "CITY OF FT. WORTH SURVEY DIVISION' at an angle point from which a 5/8" iron rod found with ared plastic cap stamped "CITY OF FT. WORTH SURVEY DMSION" bears South 86 degrees 59 minutes 35 seconds East, 140.82 feet; Thence: South 41 degrees 32 minutes 24 seconds East, 269.64 feet to an ell comer; Thence: North 49 degrees 39 minutes 05 seconds East, 5.00 feet to an ell comer from which a metal fence post bears North 49 degrees 39 minutes 05 seconds East, 7.77 feet; Thence: South 41 degrees 32 minutes 24 seconds East, 30.86 feet to an ell comer; Thence: South 49 degrees 39 minutes 05 seconds West, 5.00 feet to an ell comer; Thence: South 41 degrees 32 minutes 24 seconds East, I03.94 feet to a 1 /2" iron rod found at the most easterly comer of herein described parcel from which a 1/2" iron rod found bears North 48 degrees 16 minutes 22 seconds East, 111.02 feet; Delta Aeronautics Hangar and Ground lease Lease Site 4N Meacham Page 19 of 24 Thence: South 48 degrees 17 minutes 17 seconds West at 200.11 feet passing a PKNAIL found continuing in all, 314.69 feet to a cotton spindle set in asphalt at the most southerly comer of herein described parcel lying on the common line of said Lease 5N from which a cotton spindle shank found (no head) bears South 41 degrees 41 minutes 08 seconds East, 28.30 feet being the most southeasterly comer of said Lease 5N; Thence: with said common line, North 41 degrees 41 minutes 08 seconds West, 342.91 feet to the Place ofBeginning containing 2.867 acres. Surveyed on the ground on April 28, 2014. Basis of bearings: SMARTnet Texas R.T.K. Network System, N.A.D. 83,North Central Texas Zone. Note: In accordance with the Texas Board of Professional Land Surveying, General Rules of Procedures and Practices, 663.19(9), this 'report" consists of the hereon real property description, and a Map of Survey being attached herewith. Delta Aeronautics Hangar and Ground Lease Lease Site 4N Meacham Page 20 of 24 NOTE In wd.ma •An e. T— s—d N Pro ".d Laid 5� q. N 73'46'34" E C= au1.. V P—d— ..d P—U— e13..f(q), ThI. -P-* 'y 32.9W e.�i mod, e� ,•1On.rn.un. Nrown n--N ood -w vmwm dme.rouon BLOCK 1 S B6'S9'35" E 140,82' �, L — � _ CNNN�M �y MEACIiAM AIRPORT CABINET A, SLIDES 2445-2447 ♦ DENOTES A 5/8"IRF WTTX A REO PLASTIC CAP MFACHAM AIRPORT : P•R.,T.C..T. • ' • " S sIr. STAMPED CITY OF FT. wom SURVEY OMSION" � 1 . b. LONG AVE. • i. J. WALALE SURVEY ✓f� VICINITY MAP N.T.S.ul _ .. ` .. � ` . • � � .ti`�.�:.( `�'� A -Ike ti . , . ..... • .... ?o. Jam? y4 i P.O.B. y \ \ LEASE 4N ° \COTTON SPINDLE 4 y . ' SEE INSERT FOUND y9 METAL H N 6983170.94 ,t"'7" p —/J\ ANGAR \E 2320441.85 �.y 9,' LEASE PRLMO LINE `r °y /• 1/2"IRF J �r r F ..>nw.r ..•. \•..•.. •s LEASE 4N N 49.39'a5' E " AREA: 2.867 ACRES 5.00• „ • :.""".\ 1/2"IRF ••y••.\ . 1/2'IRF S 4132'24" E • • RPLS# Ss" N 49'37'10' E �nw pod ti,, �� ' " " _ 140 PRE. VIOLS MAP OF SURVEY cent. Pod mil. 'Pl• + 5/8'1RF / LEASE LINE yb� SHOWING S 49'39bS W �� 'CITY OF FT. WORM . 5.00, J. WAIIURVEY SECT AGE SUtVEY Al SION" s' , MEACHAM LEASE SITE 4N SITUATED IN BLOCK 1. MEACHAM AIRPORT, ACCORDING TO PLAT RECORDED IN INSERT N.T.S. s CABINET A, SLIDES 2445-2447, LEASE 3—N PLAT RECORDS OF TARRANT COUNTY, TEXAS. r PKNAIL Mop PmwmV by Steve R Cisnems GSl. pl(1015-2.T65) 0 LEASEO. 82rJ1_N Ng FOUND FIL9-2 13 flRT�flRT BASIS OF BEARINGS: SMARTnet TEXAS R.T,K. NETWORK SYSTEM. Q S 41'41'08" E NAD. 83, NORTH CENTRAL TEXAS ZONE "' DISTANCES ARE GROUND MEASUREMENTS, N SPINDLE SET 28.30 ":CS1 4601'5B" W COTTON SPINDLE Transportation & Public !Yaks Dept 40 0 40 8D 120 Dv SHANK FOUND (NO HEAD) SwTeyinz Services 5/8"IRF 4-30-2014 T" . 40' - CRYSTAL D. HARRIS D;'-SURVCON• DATE SCALE GRAPHIC SCALE IN FEET su % A $' c7 NOTE: PREVIOUS LEASE 4N—R MAP DRAWN BY SRC FILE NO. 662114002 yaQ. t CROONdlV i( 12014. FILE NO. 46737003 DATE: 1D—TO-2007 n+N hn .ru,.hmoo Tro.a..(a. s�x+m rnm-»a FILE S EXHIBIT `B" MANDATORY IMPROVEMENTS LEASE SITE 4N All mandatory improvements for Lease Site 4N as detailed below, must be completed in accordance with Section 4 of the Lease. 1. Construction shall commence within six (6) months following the execution of the Lease. Improvements shall be completed no later than eighteen (18) months after construction commences. a. Replace weather stripping around hangar doors. b. Replace Entrance driveway and vehicle parking lot\pavement. This must be coordinated with the Administration Building Project design. c. Paint Exterior of Hangar (Colors must be approved by Department of Aviation) d. Rehabilitate or replace apron pavement. e. Pave apron on west side of the hangar. (Pavement design must be approved by the Department of Aviation. f. Repair damaged hangar exterior. g. Install concrete pads for A/C units. h. Repair holes in hangar exterior in numerous places. i. Replace external ramp lights with LED energy efficient lights. In the event that Lessor and Lessee agree to deviate from the terms, provisions, specifications or conditions of these Mandatory Improvements in any way, an Amendment to the Lease shall be signed and dated by both Lessor and Lessee and shall be attached to and made a part of the Lease and shall supersede the previous terms, provisions, and specifications as specifically identified. Upon issuance of the Certificate of Occupancy Lessor shall take full title to the Mandatory Improvements on the Premises. Delta Aeronautics Hangar and Ground Lease Lease Site 4N Meacham Page 22 of24 EXHIBIT 66B-1" PROJECT SCHEDULE MANDATORY IMPROVEMENTS LEASE SITE 4N ACTIVITY I START I FINISH Site Survey Metes & Bounds Airport/City Design Review Preliminary Final Acquire Building Permits FAA Airspace Study - 7460 Construction Pre -Construction Meeting w/Airport Staking Utilities Coordination/Clearance Site Grading, Contour, Excavation, etc. Hangar Foundation Apron Paving Parking Lot/Parking Spaces Pedestrian Walkway(s), if applicable Concrete Quality Assurance Tests Structure Build -out Ramp/Hangar Lighting Landscaping Inspections Final Inspection Certificate of Occupancy All provisions of the Lease and this Project Schedule shall be fully complied with in the performance of any such Mandatory Improvements. Should construction not be completed as evidenced by the issuance of a Certificate of Occupancy within the applicable time period set forth above, Lessee shall be in default of the Lease and the Lessor shall terminate Lessee's rights to the Premises in its entirety. Delta Aeronautics Hangar and Ground Lease Lease Site 4N Meacham Page 23 of24 Fox rH ANu r[ON EXHIBIT C - MINIMUM INSURANCE REQUIREMENTS Property Commercial Hangarkeepers Environmental Aircraft and Passenger Automobile Liability (To Category Insurance Liability' ' Impairment Liability Include Hired & Non -owned 6 Liability Liability Vehiclees) Fixed Base Operators (FBO's) Yes $5,000,000 $5,000,000 $1,000,000 $ 1,000,000 Aircraft Maintenance Operator and Avionics or Instrument Maintenance *s I $1,000,000 $1,000,000 $ 1,000,000 Operator -Piston Maintenance Operator and (Aircraft Avionics or Instrument Maintenance 's I $5,000,000 $1,000,000 $ 1,000,000 Operator -Turbine (Avionics or Instrument Maintenance I ,s I $1,000,000 I I $ 1,000,000 Operator (Bench work Only) IAircraft or Flight Training I $1,000,000 Z + $$100 $ 1,000,000 OperatoRental .5 1 I 000/passengers Aircraft Charter or Aircraft I '5 I $1,000,000 I I I $5,000,000/occurrence $ 1,000,000 Management I s I I $500,000/p2ssenger I s I $1,000,000/occurrence Aircraft Sales Operator ( $1,000,000 $ 1,000,000 s $100,000/passenger $ I $1,000,000 I $1,000,000 Aircraft Storage Operator ( 's 3 3 $5,000,000 $5,000,000 I $ 1,000,000 Aviation Service Sole Proprietor ( I s $1,000,000 z I $1 00000/passenger 4 I $ 250,000 IOtherCommercial Aeronautical I $1,000,000 I $300,000/occurrence $ 1,000,000 Activities Temporary Specialized Aviation I I $1,000,000 I $300,000/occurrence $ 1,000,000 Service Operator Non -Commercial Hangar Lessee s I I I $300,000/occurrence $ 1,000,000 (Non -Commercial Flying Club s I $1,000,000/occurrence I $ 1,000,000 $100,000/passenger (Non-Cee(Jet ialSuelandFoeling I 6 I $ 1,000,000 $1,000,000 $300,000/occurrence I $ 1,000,000 PermitNon-Commercial Self -Fueling Permitee 1 '5 $500,000 $300,000/occurrence $ 250,000 (Alternative Fuels e.q. mogas) T-Hangar or Community Hangar ' s I I I $300,000/occurrence I $ 250,000 Other I *Insurance requirements subject to determination by Aviation Department and Risk Management Additional Insurance Requirements -Lessee's policies are to be primary to any other valid and collectible insurance available to the City -All policies shall include a Waiver of Subrogation in favor of the City (Temporary SASO must also include Airport Lessee) -The City of Fort Worth shall be named as Additional Insured (Temporary SASO must also include Airport Lessee) -Policies shall have no exclusions by endorsement, which , neither nullify or amend the required lines of coverage, nor decrease the limits of said coverage Coverage per aircraft should be equivalent to the average aircraft value at one time and coverage per occurrence should be equivalent to the average of the maximum value of total aircraft at one time, but not less than the amount noted above 2 Must include Negligent Instruction Coverage 3 If aircraft storage operator is providing subleasing space for aircraft storage 4 Only required for those providing flight instruction 5 Depends on terms of the lease agreement 6 If vehicle parked landside - State minimums would apply (Aviation Minimum Standards, City of Fort Worth Aviation Department (06/03/2014) M&C Review Page] of 2 Official site or the City of Fort Worth, Texas CITY COUNCIL AGENDA FORTIVOR111 COUNCIL ACTION: Approved on 1/6/2015 DATE: 1/6/2015 REFERENCE NO.: **C-27142 CODE: C TYPE: CONSENT LOG NAME: 55FTW DELTA AERO 4N PUBLIC HEARING: NO SUBJECT: Authorize Termination of a Hangar Lease Agreement, as Amended, with Delta Aeronautics, Inc., and Authorize Execution of a Hangar and Ground Lease Agreement with Delta Aeronautics, Inc., for Lease Site 4N at Fort Worth Meacham International Airport (COUNCIL DISTRICT 2) RECOMMENDATION: It is recommended that the City Council: 1. Authorize the termination of a Hangar Lease Agreement, as amended, with Delta Aeronautics, Inc.; and 2. Authorize the execution of a Hangar and Ground Lease Agreement with Delta Aeronautics, Inc., for Lease Site 4N at Fort Worth Meacham International Airport. DISCUSSION: Delta Aeronautics, Inc. (Delta), currently leases Lease Site 4N at Fort Worth Meacham International Airport (Meacham), City Secretary Contract (CSC) No. 20280, as amended and assigned. Delta has requested that the existing lease be terminated and a new lease be executed for Lease Site 4N. Lease Site 4N comprises approximately 106,292 square feet of ground space and contains an 18,595 square foot hangar. The term of the lease will commence on January 1, 2015 and will continue through December 31, 2045. Staff is in favor of this request and believes this partnership would continue to be a benefit to both Meacham and Delta. As a part of the Agreement, Delta will be required to complete a number of mandatory improvements to the facility. These improvements will include, but not be limited to, pavement rehabilitation or replacement, replacement of external ramp lights with LED energy efficient lights and repair of damaged areas of the hangar as well as painting of the exterior of the hangar. These mandatory improvements will commence within six months of the execution of the Agreement and be completed no later than eighteen months after construction begins. The total revenue received from this lease will be approximately $72,393.24 annually or $6,032.77 per month. These revenues are based on a hangar rate of $1.8925 per square foot and a ground rental rate of $0.35 per square foot, in accordance with the Aviation Department's Schedule of Rates and Charges. Rental rates shall be subject to an increase on October 1st of any given year, based on the upward percentage change in the Consumer Price Index for the Dallas -Fort Worth Metropolitan area. At no time, however, will the adjusted rate exceed that which is in the Schedule of Rates and Charges in effect at that time. Five year rate adjustments will apply starting on October 1, 2020 and every fifth year thereafter. The hangar rate will be adjusted every ten years during the lease term based on an appraisal of the facility. The property is located in COUNCIL DISTRICT 2. FISCAL INFORMATION/CERTIFICATION: The Financial Management Services Director certifies that the Aviation Department is responsible for 1 /9/2015 M&C Review Page 2 of 2 the collection and deposit of funds due to the City. Upon receipt, these funds will be deposited into the Municipal Airports Fund, Hangar Revenue Account, which has total estimated revenue in Fiscal Year 2015 of $941,505.00 and year to date receipts of $145,507.00 and Land Revenue Account, which has total estimated revenue in Fiscal Year 2015 of $1,106,479.00 and year to date receipts of $220,624.00, TO Fund/AccountlCenters PE40 491052 0551101 $37.202.20 PE40 491312 0551101 $35.191.04 Submitted for Citv Manager's Office bv: Oriqinatinq Department Head: Additional Information Contact: ATTACHMENTS 4N MC.pdf 4N New Survev.ndf FROM Fund/Account/Centers Fernando Costa (6122) Bill Welstead (5402) James Burris (5403) l /9/2015 CITY SECRETARY coNTRACT NO. 46 3 47 _A I AMENDMENT NO. 1 OF FORT WORTH CITY SECRETARY CONTRACT NO. 46347 This AMENDMENT NO. 1 ("Amendment") is made and entered into by and between the CITY OF FORT WORTH ("Lessor"), a home rule municipal corporation organized under the laws of the State of Texas, acting by and through Fernando Costa, its duly authorized Assistant City Manager, and DELTA AERONAUTICS, INC. ("Lessee"), a Texas corporation, acting by and through Khaled M. Miloud, its duly authorized President. RECITALS WHEREAS, On January 1, 2015, the City and Delta Aeronautics, Inc. entered into City Secretary Contract ("CSC") No. 46347 ("Lease"), a Hangar and Ground Lease Agreement for the lease and use of real property known as 4N and any improvements and facilities thereon ("Leased Premises") at Fort Worth Meacham International Airport ("Airport"). WHEREAS, the Leased Premises included 106,292 square feet of Ground Space, including an 18,595 square foot hangar; and WHEREAS, on May 1, 2018, through Mayor and Council Communication (M&C C-28674), City Council approved the acceptance of a Texas Department of Transportation Aviation Division grant for the design and construction of the Midfield Redevelopment Project at Fort Worth Meacham International Airport. The redevelopment of the midfield area will create new taxiways that will stimulate hangar development opportunities and provide increased economic viability for the Airport through lease revenue and fuel flowage fees; and WHEREAS, in order to facilitate the required clearance to construct the new Taxiway G, it is necessary to reduce the southwest boundary of the Leased Premises in the Lease by approximately 6,615 square feet; and WHEREAS, in recognition of the reduction in Ground Space on the Lease, the City has agreed to offer Delta approximately 5,085 square feet of Ground Space that is adjacent to the northwest boundary of the current Leased Premises; and WHEREAS, Lessor and Lessee wish to amend the lease to reflect the change in the Leased Premises originally identified in CSC No. 46347, to reflect a decrease in the square footage of Ground Space from 106,292 to approximately 104,762, for a total reduction of approximately 1,530 square feet; and WHEREAS, Lessor and Lessee also wish to replace Exhibit A from the Lease with a new Exhibit A that reflects the new boundaries of Leased Premises. Fort Worth Meacham International rt Delta LLC Airport Aeronautics, Amendment No. 1 to CSC No. 46347 Page 1 of F� C,�C1i s�G°r'ry NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, Lessor and Lessee hereby agree as follows: 1. The Lease is hereby amended by deleting Section 1, "PROPERTY LEASED," of the Lease in its entirety and replacing it with the following: 1. PROPERTY LEASED. Lessor hereby demises to Lessee 104,762 square feet of Ground Space ("Ground"), including a 18,595 square foot hangar ("Hangar") at Fort Worth Meacham International Airport ("Airport") in Fort Worth, Tarrant County, Texas, identified as Lease Site 4N, also known as 151 Meacham Circle Drive, ("Premises"), as shown in Exhibit "A", attached hereto and hereby made a part of this Lease for all purposes. The Lease is hereby amended by deleting Section 3.1.2, "Ground Rate," of the Lease in its entirety and replacing it with the following: 3.1.2 Ground Rate Lessee shall commence the payment of rent for the Ground Space on the Effective Date. Lessee hereby promises and agrees to pay Lessor, as annual rent for the Ground Space, Thirty Nine Thousand Two Hundred Sixty -Four Dollars and 80/100 ($39,264.80), based on the rental rate of $0.3748 per square foot, payable in equal monthly installments of Three Thousand Two Hundred Seventy Two Dollars and 07/100 ($3,272.07). 3. The Lease is hereby amended by deleting Exhibit A of the Lease in its entirety and replacing it with Exhibit A of this Amendment. 4. Except as expressly modified in this Amendment, all other terms and conditions of the Lease shall remain in full force and effect. 5. The statements set forth in the recitals above are true and correct and form the basis upon which Lessor and Lessee have entered into this Amendment. The Lease is a public document on file in Lessor's City Fort Worth Meacham International Airport Delta Aeronautics, Inc. Amendment No. 1 to CSC No. 46347 Page 2 of 6 Secretary's Office and is incorporated herein by reference for all purposes. 1 All other provisions and conditions of the Lease that are not expressly amended herein or directly in conflict with the provisions and conditions of this Amendment shall remain in full force and effect. [Signature Page Follows] Fort Worth Meacham Intemational Airport Delta Aeronautics, Inc. Amendment No. 1 to CSC No. 46347 Page 3 of 6 IN WITNESS W-1—WREOF, the parties hereto have executed this Amendment in multiples on this the 31,t day of Dcccmker , 2018. CITY OF FORT WORTH: By:—_�� Fernando osta Assistant City Manager Date: -(0//8 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 :TDER MY HAND AND SEAL OF OFFICE this 7:�)>/ day Lit) oWN� ,2018. d •JPL,LMA M./f�,�IT7G\ IRRLf�p My M IN R 1204471V APPROVED AS TO, FORM AND LEALITY G: ag_ By: Thomas Royce Hansen, Assistant City Attorney M&C: C-28930 Approval Date: November- 13, 2018 Form 1295: 2018-416968 Fort Worth Meacham Intemational Airport Delta Aeronautics, Inc. Amendment No. I to CSC No. 46347 Page 4 of 6 Note u lic in and for the State of Texas ATTEST: Lo J. ---.-�� FAR Teo Contract Compliance Manager: By signing I acknowledge that I am the person responsible for the monitoring and administration of this contractJen2ding ensuring all performance and reporting requirements. Leasin oordinator /, wze 'SAE Prinf Name LESSEE: DELTA AERONAUTICS, INC. By• Miloud, President Date:_.1—/�! f>$ 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 Khaled M. Miloud, 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 DELTA AERONAUTICS, INC. and that s/he executed the same as the act of DELTA AERONAUTICS, INC. for the purposes and consideration therein expressed and in the capacity therein stated. G UNDQR MY LLAND AND SEAL OF OFFICE this day 2018. ANNE MARIE STOWE S Notary Pubic, State of Texas Notary Public in and for the State of Texas s'A% Comm Expires 05-01-2022 Notary ID 459765 Fort Worth Meacham International Airport Delta Aeronautics, Inc. Amendment No. l to CSC No. 46347 Page 5 of 6 > M M AY0 YIlIMC 1111RT. AlRIM.'I Ila 1064 0 M L A!O BO A ItYe! d to tR �aa 1. trAaxY AwORf Yf1�01�1 a�L� KRm011DR iWItlYM1R m1�NItY. r a 1uc wuar w Atxatw la M tAIIMY onm tt�ols Ale tR10 IIOP[ PrPoOAAYLf oLsagRm W tm IE11BlY lP[ a AAO ILAf IIYGT w rIRY rLA mrlel 11YF11 d YAD tPiK Hoer w roe ■ Araea' L a tt3w a� aaMia v ¢�.n�w�i vie t� wso rm�xo 1BRY �R II v rm 1v6 I0VL M a loos Rw tm IR • 1PIIL 13- a —M rm M A wawa tYYllto Me stA.m II n A WR MAL >II rat AY eu aaRta; m Te A Bta tA.L 7<r AT M tm Matttta.r tarntrm � 1AiA" Int w rLAIY Ar All lu rato a ttAo Twl/ 4R 1M IBIR[ 11YCf w M ILlawtl a0110a Ire MdR•II IIIRA W6 NM W. W A A YY YAL tII AT M YWT MOIIeIY Mel v 'JS llrtl'r w M 1.10. 0 m Aw eswlta R[f 1B A WO YAl to ]AAYM YILR LT A A W YAl >n: V IaA"-- R A A YA9 MIL to Ai M IIRt GfIIYlT AgYB a 03Y IIU fWe ltlli R orlY L A morel a R.6 R IMI a fY0 IF44 IY1LT w • 6orAtld a ]ALIA rm TO ou roue AT x tA6rr talllnr mYY; v toe .•e w M rRBa'w1Y a611® At0 Yfwm II A A II10 11IL 1H AT M aY00 d A Iw1-VOOIM [ laf All Alit la/M d 11Rn rm, rOw A ttA00 d Y, Ir0 A GItRe �IIYO MO tYYlI1R[ d Y Y.1a'm' K I Ills 1/IIrA10L }811 A00 (ILLl1ul lallYL M1II) d tTA16 RE'MWH PR6ESROIIAL IAID M RWMK m AT MS LR1[Y S1ii01 MRVaIt .WN. RAAY IQMEIDITs p�r:E:IROEp WAN�� � Rg101� M� VYIET H6ML 11Rs sA[Kl' RPwTAYILLLY aomxs 1011, M eL1'i d 10d49B6M.tL Mm1ETaRa VANUN M Aw I A dR.9FT to ammlm 6 YJRK'r. RA W OaIIAL LAND 0M 1m!w LEAS SURVEY SHOWING DELTA AERONAUTICS LEASE BEING IN THP. 'ALLAGY SURVEY, AB.S rRAC`T NUMHFR A-1605, ,ND BIIWG APART OF LOT III. BLOCK I IN=tjbfaM M NUBERO716II0661 . PUBLIC RECORDS, TARRANT COL"ry, TEXAS AND A PART OF LEASE T7-ACT'4N MEACIIAMATRPORT CITY OF FORT WORTH TARRANT-YX)NT/, 1cAAS SHIELD ENGINEERING GROUP 1101-11wr • IYU Pam 010M0010 S M 200, PM WwkTX 76102 • 017.010.06% City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 11/13/2018 DATE: Tuesday, November 13, 2018 REFERENCE NO.: ""C-28930 LOG NAME: 55FTW AMENDN01 DELTAAERONAUTICS4N SUBJECT: Authorize Execution of Amendment No. 1 to City Secretary Contract No. 46347, a Hangar and Ground Lease Agreement with Delta Aeronautics, Inc., at Fort Worth Meacham International Airport (COUNCIL DISTRICT 2) RECOMMENDATION: It is recommended that the City Council authorize the execution of Amendment No. 1 to City Secretary Contract No. 46347, a Hangar and Ground Lease Agreement with Delta Aeronautics, Inc., at Fort Worth Meacham International Airport. DISCUSSION: On May 1, 2018, through Mayor and Council Communication (MSC C-28674), City Council approved the acceptance of a Texas Department of Transportation Aviation Division grant for the design and construction of the Midfield Redevelopment Project at Fort Worth Meacham International Airport (Airport). This project will remove the failed infrastructure encompassed in the closed Runway 9/27 corridor so as to redevelop the area in accordance with the Airport's Master Plan and Airport Layout Plan. The redevelopment of the midfield area will create new taxiways that will stimulate hangar development opportunities and provide increased economic viability for the Airport through lease revenue and fuel flowage fees. Delta Aeronautics, Inc., (Delta) currently holds the existing 4N Lease (CSC No. 46347). In order to facilitate the required clearance to construct the new Taxiway G, it is necessary to reduce the southwest boundary of the current ground lease space by approximately 6,615 square feet. In recognition of the reduction in ground space the City has agreed to offer Delta approximately 5,085 square feet of ground space on the northwest boundary of the current ground lease space. As a result, a new survey was completed on October 17, 2018, for Lease Site 4N, amending the current ground space from approximately 106,292 square feet to approximately 104,762 square feet. Under the terms of this amendment, Delta will pay annual rent for the "Ground" the sum of $39,264.80, at the current Lease rate of $0.3748 per square foot, payable in equal monthly installments of $3,272.07. All other terms and conditions of the Lease shall remain in full force and effect. The property is located in COUNCIL DISTRICT 2. FISCAL INFORMATION / CERTIFICATION: The Director of Finance certifies that the Aviation Department is responsible for the collection and deposit of funds due to the City. Upon receipt, these funds will be deposited into the Municipal Airports Fund, Logname: 55FTW AMENDNOI DELTAAERONAUTICS4N Page I of 2 Ground Lease Revenue Account, which has total budgeted revenue in Fiscal Year 2019 of $2,032,490.00. FUND IDENTIFIERS (FIDs): TO undl Department �ccounj Project JProgramlActivity� Budget Reference # l4mounl� r ID ID II Year (Chartfield 2 11 FROM Department �Accounj Project JProgram�ctiivityl Budget i Reference # �Amounj rundl ID ID Year I (Chartfield 2) l CERTIFICATIONS: Submitted for Citv Manager's Office bv: Oriainatina Department Head: Additional Information Contact: ATTACHMENTS 1. Form 1295 Delta Aeronautics.pdf (Public) 2. Mad Delta Aeronautics 4N.pdf (Public) Fernando Costa (6122) Bill Welstead (5402) Jeff Kloska (5406) Anne -Marie Stowe (5415) I,ogname: 55FTW A 4ENDNOI DELTAAERONAUIICS4N Page 2 of 2 FORTWORTH Routing and Transmittal Slip AVIATION Department DOCUMENT TITLE: FTW — Consent to Assignment —Delta Aeronautics_Miloud Aviation_4N M&C CPN DATE: 02.06.2024 TO: 1. Barbara Goodwin - Aviation 2. Roger Venables - Aviation 3. Jeremy Anato-Mensah - Legal 4. Valerie Washington - CMO 5. Jannette Goodall - CSO 0 CSO # DOC# INITIALS DATE OUT BJG 02/06/2024 JAM 02/06/2024 DOCUMENTS FOR CITY MANAGER'S SIGNATURE: All documents received from any and all City Departments requesting City Manager's signature for approval MUST BE ROUTED TO THE APPROPRIATE ACM for approval first. Once the ACM has signed the routing slip, David will review and take the next steps. NEEDS TO BE NOTARIZED: ZYes ❑ No RUSH: ❑ Yes ❑ No SAME DAY: ❑ Yes ❑ No NEXT DAY: ❑ Yes ❑ No ROUTING TO CSO: 9 Yes ❑ No Action Reauired: ❑ As Requested ❑ Attach Signature, Initial and Notary Tabs ❑ For Your Information X Sianature/Routing and/or Recording ❑ Comment ❑ File Return to: Barbara Goodwin at Barbara.Goodwin@fortworthtexas.gov. Thank you.