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HomeMy WebLinkAboutContract 45334-A5CSC No. 45334-A5 LEASE AMENDMENT NO. 5 BETWEEN THE CITY OF FORT WORTH AND INTERNATIONAL SISTER CITIES ASSOCIATION OF FORT WORTH, INC. CSC NO. 45334 This Fifth Amendment to the Lease Agreement ("Fifth Amendment") is made by and between the City of Fort Worth, Texas ("Lessor"), and International Sister Cities Association of Fort Worth, Inc. ("Lessee"). WHEREAS, Lessor and Lessee entered into a Lease Agreement ("Lease") (City Secretary Contract No. 45334) effective as of January 30, 2014 for the leased premises located at 908 Monroe Street, Fort Worth, Texas, for use as office space for the Fort Worth Sisters Cities Program; and WHEREAS, the Lessee and Lessor amended the Lease on November 14, 2017, to define the Leased Premises, Common Area Space and Shared Space, (City Secretary Contract No. 45334- Al); and WHEREAS, the Lessee and Lessor amended the Lease on March 1, 2018, to replace Exhibit A to incorporate revised room numbers for the Leased Premises (City Secretary Contract No. 45334-A2); and WHEREAS, the Lessee and Lessor amended the Lease on January 25, 2019 to extend the Primary Term, as defined in the Lease, for one year until January 29, 2020, to authorize four (4) additional automatic one-year renewals to expire January 29, 2024, and to provide an early lease termination option by either party by providing thirty (30) day written notice, as authorized by City Council on January 15, 2019 (Mayor and Council Communication No. L-16176; City Secretary Contract No. 45334-A3); and WHEREAS, the Lessee and Lessor amended the Lease on May 3, 2019 to reduce the Leased Premises by one office known as Suite 513 (City Secretary Contract No. 45334-A4); and WHEREAS, the last renewal expired on January 29, 2024 and the lease remains in holdover status; and WHEREAS, the Lessee and Lessor desire to amend the Lease to add five (5) additional, automatic one-year renewals to expire on January 29, 2029, as authorized by City Council on 04/09/2024 (Mayor and Council Communication No. 24-0290). . NOW THEREFORE, in consideration of the rentals set forth in the Lease, the parties agree to amend the lease as follows: 1. The second sentence in Article 2.01 Term. is hereby deleted in its entirety and amended to read as follows: "This Lease will automatically renew for up to nine (9) one-year renewal Amendment 5 to City Secretary Contract No. 45334 1 OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX tell_ is, unless terminated earlier by either party with thirty {30) days' written notice." The final renewal option is set to expire on January 29, 2029. 2. All other terms and conditions of the Lease remain unchanged and in full force and effect. [SIGNATURES APPEAR ON FOLLOWING PAGE] Amendment 5 to City Secretary Contract No. 45334 2 16th April EXECUTED on this day of , 2024. LESSOR: City of Fort Worth Dana Er �Gcolo ' Dana Burghdoff (Apr 20241 :1 By: CDT) Dana Burghdoff Assistant City Manager LESSEE: International Sister Cities Association of Fort Worth, Inc. Mae Fergus President CONTRACT COMPLIANCE MANAGER By signing, I acknowledge that 1 am the person responsible for the monitoring and administration of this contact, including ensuring all performance and reporting requirements. Name: Mark Bro n (Apr 16, 2024 14:18 CDT) Title: Lease Manager, Property Management Department APPROVED AS TO FORM AND LEGALITY: By: Jessika Williams Assistant City Attorney ATTEST: a� FORT��II A ��,�r,1 ��oo r0o % �� cue 9 0 By: 0Q0 fj� gio Jannette S. Goodall % %..c, City Secretary a°44„ri Asaab Form 1295: Contract Authorization: M&C: 24-0290 Date: 04/09/2024 Amendment 5 to City Secretary Contract No. 45334 3 OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX CITY COUNCIL AGENDA Create New From This M&C Official site of the City of Fort Worth, Texas FORTWORTH DATE: 4/9/2024 REFERENCE NO.: CODE: SUBJECT: L TYPE: LOG NAME: PUBLIC HEARING: (CD 9) Authorize Execution of a Fifth Amendment to the Lease Agreement with International Sister Cities Association of Fort Worth, Inc. to Add Five (5) Additional Automatic One -Year Renewal Options Set to Expire January 29, 2029 for Office Space in 21SISTER CITIES LEASE AMENDMENT NO 5 the City Hall Annex Building **M&C 24- 0290 CONSENT NO RECOMMENDATION: It is recommended that the City Council authorize execution of a fifth amendment to the lease agreement with International Sister Cities Association of Fort Worth, Inc. to add five (5) additional automatic one-year renewal options set to expire January 29, 2029 for office space in the City Hall Annex Building DISCUSSION: The Sister Cities Program, hosted by the International Sister Cities Association of Fort Worth ("Lessee"), was initiated in 1985 in the City of Fort Worth and has been instrumental in cultivating relationships and international understanding among youth, adults, businesses, and organizations through educational, leadership, and exchange programs that promote tourism and commerce in the City of Fort Worth. Sister Cities also produces economic and public benefits for the entire Fort Worth Community. On December 17, 2013, Council approved a lease agreement with Lessee for use of office space in the City Hall Annex located at 908 Monroe Street in downtown Fort Worth (Mayor and Council Communication C-26604; CSC No. 45334)_ The term of the lease was for five years beginning on January 30, 2014, at a cost of $100.00 per year, plus expenses for use outside of normal business hours such as utilities, access cards and security. Lessee was responsible for providing its own internet and phone service. The lease has been subsequently amended four times to define and clarify the office, common area spaces, and to extend the term once before. The term of the current lease expired on January 29, 2024 and remains in effect in holdover status. Lessee has requested to remain in the leased space in the City Hall Annex for an additional five years, or until the move to 200 Texas Street once the property is available. This fifth amendment provides for five (5) additional automatic one (1) year renewal options, commencing on the effective date of the amendment and set to expire January 29, 2029. All other terms and conditions of the lease agreement will remain the same, including the annual rent of $100.00. The office space is located in COUNCIL DISTRICT 9. FISCAL INFORMATION/CERTIFICATION: The Director of Finance certifies that upon approval of the above recommendation and execution of the amendment, funds will be deposited into the General Fund. The Property Management Department (and Financial Management Services) is responsible for the collection and deposit of funds due to the City. TO 7Fund FROM Department ID Account Project ID Program Activity Budget Year Reference .# (Chartfield 2) Amount Fund Department Account Project Program ID ID Activity Budget Year Reference # (Chartfield 2) Amount Submitted for City Manager's Office by: Originating Department Head: Additional Information Contact: Dana Burghdoff (8018) Marilyn Marvin (7708) Ricardo Salazar (8379) Mark Brown (5197) ATTACHMENTS D00O22824-02282024153325.pdf (CFW Internal) FID Sister Cities 5th amendment.pdf (CFW Internal) M and C Map for Sister Cities Lease Amendment No. 4.pdf (CFW internal)