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HomeMy WebLinkAboutContract 61524CSC No. 61524 LEASE AGREEMENT This Lease Agreement (the "Agreement") is entered into by and between the City of Fort Worth, a home -rule municipal corporation of the State of Texas acting by and through its duly authorized Assistant City Manager, Dana Burghdoff ("Lessor"), and Brave/R Together Tarrant, a Texas nonprofit corporation acting by and through its duly authorized Executive Director, Shawn Lassiter ("Lessee"). WHEREAS, Lessor owns a certain real property located at 1607 New York Avenue, Fort Worth, Texas 76104 (Tarrant Appraisal District Account No. 01412795) (the "Property"); and WHEREAS, Lessee is a nonprofit corporation established to address racial inequities in business and economic development, education, healthcare, and housing within the 76104 zip code; and WHEREAS, Lessee wishes to use space at the Property as an office and community meeting center while it conducts the Evans Avenue Urban Design and Streetscape Plan funded by the Fort Worth Local Development Corporation; WHEREAS, the Lessor recognizes the value and importance of the work performed by Lessee within the 76104 zip code; and WHEREAS, Lessor has agreed to lease to Lessee the ground floor of the building located on the Property, consisting of approximately Three Thousand Nine Hundred (3,900) square feet, for office use and community meeting space under the terms and conditions of this Agreement. NOW THEREFORE, in consideration of the terms contained in this Agreement, Lessor and Lessee hereby agree as follows: 1. Use of Premises. Lessor hereby leases to Lessee the first floor only of building located on the Property, consisting of approximately Three Thousand Nine Hundred (3,900) square feet, as further described in Exhibit "A." attached hereto and incorporated herein (the "Premises"). The Lessee shall use the Premises only as office space and for community meetings while conducting the Evans Avenue Urban Design and Streetscape Plan (the "Study") or for other public purposes acceptable to Lessor. Under no circumstances will Lessee use or cause to be used on the Premises any hazardous or toxic substances or materials, or store or dispose of any such substances or materials on the Premises. Lessee will have access to the Premises twenty-four (24) hours a day, seven (7) days a week. Lessor agrees to provide Lessee with reasonable prior notice in the event Lessor desires to access the Premises; however, the Lessor reserves the right to access and use the Premises in any way that does not materially interfere with Lessee's use of the Premises in accordance with this Agreement. 2. Mineral Estate Reserved. Notwithstanding anything in this Lease to the contrary, Lessor hereby excepts from this Lease and reserves to Lessor, its successors and assigns, all oil, gas or other minerals in, on and under and that may be taken, saved, extracted or produced from the Premises and all other subsurface rights of the Premises; provided, however, that Lessor does hereby expressly release and waive, on behalf of itself, and its successors or assigns, all rights of ingress and egress and all other rights of every kind and character whatsoever to enter upon, use or in any way disturb the surface of the Premises or any part thereof, including, without limitation, the right to enter upon the surface of the Premises for purposes of exploring for, developing, drilling, producing, transporting product, mining, treating, storing or any other purpose incident to the development or production of the oil, gas and other minerals in, on and under the Premises. Nothing herein contained shall ever be construed to prevent the Lessor, or its successors or assigns, from developing or producing the oil, gas and other minerals in and under the Premises by pooling or by directional drilling under the Premises from well sites not located within the boundaries of Lease Agreement between the City of Fort Worth and Brave/R Together Tarrant OFFICIAL RECORD 1607 New York Avenue 11 P a g e CITY SECRETARY FT. WORTH, TX such Premises and only at a depth of no less than 500 feet below the surface of the Premises. 3. Condition of Premises. LESSEE ACCEPTS THE PREMISES IN ITS "AS IS" CONDITION. LESSOR HAS NOT MADE AND DOES NOT MAKE AND SPECIFICALLY DISCLAIMS ANY REPRESENTATIONS, GUARANTEES, PROMISES, COVENANTS, AGREEMENTS OR WARRANTIES OF ANY KIND OR CHARACTER WHATSOEVER UNLESS OTHERWISE PROVIDED FOR HEREIN, WHETHER EXPRESS OR IMPLIED, ORAL OR WRITTEN, PAST, PRESENT OR FUTURE OF, AS TO, CONCERNING OR WITH RESPECT TO THE NATURE, QUALITY OR CONDITION OF THE PREMISES, THE INCOME TO BE DERIVED, THE SUITABILITY OF THE PREMISES FOR THE PERMITTED USE, OR MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. LESSOR SHALL NOT BE REQUIRED TO REPAIR, MAINTAIN OR RESTORE THE PREMISES, NOR TO MAKE ANY IMPROVEMENTS, REPAIRS OR RESTORATIONS UPON OR TO ANY IMPROVEMENTS LOCATED ON THE PREMISES DURING THE TERM OF THIS LEASE. 4. Agreement Term. The term of this Agreement shall commence on the Effective Date and expire on July 31, 2025 ("Term"), unless terminated earlier as provided in this Agreement. Lessor shall have no obligation to extend or renew the Term. This Agreement will terminate without further notice when the Term expires, and any holding over by Lessee after the Term expires will not constitute a renewal of this Lease or give Lessee any rights under this Agreement in or to the Premises, except as a tenant at will. 5. Rent. Lessee shall commence the payment of rent for the Premises on the Effective Date. Lessee hereby promises and agrees to pay Lessor, as annual rent for the Premises, One Hundred Dollars and 00/100 ($100.00). Lessee and Lessor agree that Lessee's use and occupancy of the Premises will serve a public purpose by allowing Lessee to more efficiently complete the Evans Avenue Urban Design and Streetscape Plan and to address racial inequities in business and economic development, education, healthcare, and housing within the 76104 zipcode. No funds provided by the Fort Worth Local Development Corporation to Lessee for the Evans Avenue Urban Design and Streetscape Plan may be used for Lessee's obligations herein. 6. Additional Rent. (a) Lessee shall promptly, and without offset or demand, reimburse Lessor for all real estate taxes, municipal assessments, water, sewer and utility charges, rent taxes, margin or franchise taxes, all general and special assessments, levies, permits, inspection and license fees and other governmental levies, together with any penalties, fines, or interest thereon (any of the foregoing being referred to herein as "Impositions") against the Premises. Lessor retains the right to contest any assessment or the payment of any Impositions in its sole and absolute discretion. (b) Lessee shall promptly, and without offset or demand, reimburse Lessor for all utilities and other services necessary in the operation of the Premises, including but not be limited to, gas, fuel oil, electrical, telephone, internet, and other utility charges. Lessee shall pay directly to the applicable third party for any janitorial, security, and grounds maintenance services (if Lessee elects to contract for such services). Lessor shall not be liable to Lessee in the event of any interruption, forfeiture, delay or diminution of utilities or other service to the Premises; however, the Lessor shall regularly empty the dumpster on the Premises in accordance with Lessor's customary schedule and practices. 7. Early Termination. Notwithstanding any other provision of this Agreement to the contrary, either party may terminate this Agreement by giving the other party at least forty-five (45) days' prior written notice. Such termination will be effective on the date stated in the written notice. Lease Agreement between the City of Fort Worth and Brave/R Together Tarrant 1607 New York Avenue 2 1 P a g e 8. Alterations, Additions, Improvements, and Signage. Lessee shall make no alterations or additions to the Premises without the prior written consent of Lessor. All alterations, additions, or improvements made to or fixtures or other improvements placed in or upon the Premises shall be deemed a part of the Premises and the property of Lessor at the end of the Term. All such alterations, additions, improvements, and fixtures shall remain upon and be surrendered with the Premises as a part thereof at the termination of this Agreement unless otherwise agreed upon writing by the parties. Lessee may, at its sole option and expense, remove any Lessee alterations at any time during the Term with Lessor's written approval. Lessee shall not install signs, advertising media, or lettering in or on the Premises without the prior written approval of Lessor. At the termination of this Agreement, whether by lapse of time or otherwise, Lessee shall (i) deliver the Premises to Lessor in as good a condition as the Premises was as of the date of the Effective Date, subject only to ordinary wear and tear and damage caused by casualty or condemnation; and (ii) upon Lessor's request, remove any alterations and make any repairs to the Premises as needed in order to comply with the provisions this Agreement. 9. Indemnity. (a) LESSEE SHALL AND DOES AGREE TO INDEMNIFY, PROTECT, DEFEND AND HOLD HARMLESS LESSOR, LESSOR'S OFFICERS, AGENTS, SERVANTS, AND EMPLOYEES (COLLECTIVELY, "INDEMNITEES") FOR, FROM AND AGAINST ANY AND ALL CLAIMS, LIABILITIES, DAMAGES, LOSSES, LIENS, CAUSES OF ACTION, SUITS, JUDGMENTS AND EXPENSES, (INCLUDING REASONABLE COURT COSTS, REASONABLE ATTORNEYS' FEES AND REASONABLE COSTS OF INVESTIGATION), OF ANY NATURE, HIND OR DESCRIPTION TO THE EXTENT ARISING BY REASON OF INJURY TO OR DEATH OF ANY PERSON OR DAMAGE TO OR LOSS OF PROPERTY: (1) RELATING TO THE USE OR OCCUPANCY OF THE PREMISES BY LESSEE, ITS EMPLOYEES, AGENTS, INVITEES AND CONTRACTORS; OR (2) BY REASON OF ANY OTHER CLAIM WHATSOEVER OF ANY PERSON OR PARTY OCCASIONED OR ALLEGED TO BE OCCASIONED BY ANY ACT OR OMISSION ON THE PART OF LESSEE OR ANY LESSEE, EMPLOYEE, DIRECTOR, OFFICER, SERVANT, OR CONTRACTOR OF LESSEE; OR (3) BY ANY BREACH, VIOLATION OR NONPERFORMANCE OF ANY COVENANT OF LESSEE UNDER THIS AGREEMENT (COLLECTIVELY, "LIABILITIES"), EXCEPT TO THE EXTENT ARISING OUT OF OR RESULTING FROM THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF ANY INDEMNITEE. IF ANY ACTION OR PROCEEDING SHALL BE BROUGHT BY OR AGAINST ANY INDEMNITEE IN CONNECTION WITH ANY SUCH LIABILITY OR CLAIM, LESSEE, ON WRITTEN NOTICE FROM LESSOR, SHALL DEFEND SUCH ACTION OR PROCEEDING, AT LESSEE'S EXPENSE, BY OR THROUGH ATTORNEYS REASONABLY SATISFACTORY TO LESSOR. THE PROVISIONS OF THIS PARAGRAPH SHALL APPLY TO ALL ACTIVITIES OF LESSEE WITH RESPECT TO THE USE AND OCCUPANCY OF THE PREMISES, WHETHER OCCURRING BEFORE OR AFTER THE EFFECTIVE DATE AND BEFORE OR AFTER THE TERMINATION OF THIS AGREEMENT. THIS INDEMNIFICATION SHALL NOT BE LIMITED TO DAMAGES, COMPENSATION OR BENEFITS PAYABLE UNDER INSURANCE POLICIES, WORKERS' COMPENSATION ACTS, DISABILITY BENEFIT ACTS OR OTHER EMPLOYEES' BENEFIT ACTS. (b) IT IS AGREED WITH RESPECT TO ANY LEGAL LIMITATIONS NOW OR HEREAFTER IN EFFECT AND AFFECTING THE VALIDITY OR ENFORCEABILITY Lease Agreement between the City of Fort Worth and Brave/R Together Tarrant 1607 New York Avenue 3 1 P a g e OF THE INDEMNIFICATION OBLIGATION UNDER THIS PARAGRAPH 9, SUCH LEGAL LIMITATIONS ARE MADE A PART OF THE INDEMNIFICATION OBLIGATION AND SHALL OPERATE TO AMEND THE INDEMNIFICATION OBLIGATION TO THE MINIMUM EXTENT NECESSARY TO BRING THE PROVISION INTO CONFORMITY WITH THE REQUIREMENTS OF SUCH LIMITATIONS, AND AS SO MODIFIED, THE INDEMNIFICATION OBLIGATION SHALL CONTINUE IN FULL FORCE AND EFFECT. 10. Waiver of Liability. ALL PERSONAL PROPERTY OF LESSEE, INCLUDING VEHICLES, WHETHER PURSUANT TO THIS AGREEMENT OR OTHERWISE, SHALL BE AT THE RISK OF LESSEE ONLY, AND NO INDEMNITEES SHALL BE LIABLE FOR ANY LOSS OR THEFT OF OR DAMAGE TO PROPERTY OF LESSEE, ITS EMPLOYEES, AGENTS, PATRONS, INVITEES, OR TO OTHERS, REGARDLESS OF WHETHER SUCH PROPERTY IS ENTRUSTED TO EMPLOYEES OF LESSOR OR SUCH LOSS OR DAMAGE IS OCCASIONED BY CASUALTY, THEFT, OR ANY OTHER CAUSE OF WHATSOEVER NATURE, UNLESS DUE IN WHOLE OR IN PART TO THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF ANY INDEMNITEE. 11. Insurance. During the Term, Lessee, at its expense, shall procure and maintain in connection with its use of the Premises, the following insurance coverages, naming the City of Fort Worth as an additional insured, and in accordance with all other applicable terms and conditions of this Section 11. (a) Commercial general liability insurance covering bodily injury and property damage on a "claims made" basis with limits of no less than One Million Dollars ($1,000,000.00) per occurrence and Two Million Dollars ($2,000,000.00) in the aggregate, (b) All Risks Property insurance with respect to Lessee's leasehold interest in the Premises and all personal property of Lessee located on or within the Premises, with coverages in such amounts and against such risks as are customarily insured against, including, without limitation, business interruption coverage with respect to Lessee's operations at the Premises, and (c) Automobile liability insurance covering any owned, non -owned and hired automotive vehicle (endorsed to provide contractual liability coverage) covering bodily injury and property damage with a limit of One Million Dollars ($1,000,000.00) combined single limit. (d) Workers Compensation and Employer's Liability Insurance. Lessee represents that Workers Compensation and Employer's Liability insurance coverages are maintained by Lessee for all personnel working at the Premises with a limit of One Million Dollars ($1,000,000.00) for each accident for bodily injury by accident or One Million Dollars ($1,000,000.00) for each employee for bodily injury by disease. (e) Lessee Insurance Policy Conditions. Each insurance policy required by Section 11 shall: (i) be issued by an insurer (or insurers) possessing an A-VII A.M. Best Rating or better and of recognized standing and authorized to issue such policy of insurance in the State of Texas; (ii) provide for a waiver of subrogation by each such insurer with respect to any claims against Lessor solely to the extent of the amount of any payment of a loss by such insurer pursuant to the applicable insurance coverages; and (iii) be endorsed to prohibit cancellation or substantial reduction of coverage by the insurer without at least thirty (30) days' prior written notice to Lessor. The liability policies and coverages set forth in Section 11 shall each contain an endorsement naming Lessor as an additional insured as its interests may appear. Lessee shall be named loss payee as its interests may appear with respect to the insurance coverages maintained by Lessee pursuant to this Section 11. Prior to the Effective Date and upon any modification to or renewal following termination or expiration of any insurance coverages required hereunder, Lessee will provide to Lessor a certificate of the insurer or an authorized broker evidencing the insurance coverages and terms required by Section 11. Lease Agreement between the City of Fort Worth and Brave/R Together Tarrant 1607 New York Avenue 4 1 P a g e 12. Assignment and Subletting. Lessee shall not assign this Agreement, or any right of Lessee under this Agreement, or sublet the Premises, for consideration or no consideration, whether voluntarily, by operation of law, or otherwise. Any attempt to do so shall be void and shall cause the immediate termination of this Agreement. 13. Damage to Premises or Property of Lessor. If, at any time during the Term, by the acts or omissions of the Lessee, its employees, contractors, or agents the Premises or any property therein is damaged or destroyed, Lessee shall be obligated to pay, on demand, all costs to repair or replace such damaged or destroyed property. 14. Repairs and Maintenance. Lessor has no obligation to make repairs of any sort to the Premises. Lessor's sole obligation hereunder being to make the Premises available to Lessee in accordance with and subject to the covenants, restrictions, and limitations set forth herein. Lessee shall, at its expense, use and maintain the Premises in a neat, clean, careful, safe, and proper manner and comply with all applicable laws, ordinances, orders, rules, and regulations of all governmental bodies. Lessee shall, at its expense, be responsible for any needed repairs to the Property and the Premises, including, but not limited to, the Property's or Premises' building systems (HVAC, plumbing and electrical) and building structure. For all repairs to the Premises the Lessee shall: (a) prior to the commencing any repair work, email the Lessor's Contract Compliance Manager, as provided in this Agreement, and the Lessor's Lease Manager identifying the issue, the repairs that Lessee desires to complete, and the contractor Lessee desires to utilize for the repairs; (b)obtain written approval from Lessor's Contract Compliance Manager and Lessor's Lease Manager before commencing any repair work; and (c) Once the approved repairs are complete, email a copy of the invoice showing the repair work completed, the date of completion, and costs to Lessor's Contract Compliance Manager and Lessor's Lease Manager. 15. Severability. If any clause or provision of this Agreement is or becomes illegal, invalid or unenforceable because of present or future laws or any rule or regulation of any governmental body or entity, effective during the Term, the intention of the parties hereto is that the remaining parts of this Agreement shall not be affected thereby unless such invalidity is, in the sole determination of the Lessor, essential to the rights of both parties, in which event Lessor has the right, but not the obligation, to terminate the Agreement upon written notice to Lessee. 16. Default and Termination. (a) Lessee's Default. If Lessee shall fail to perform or observe any of its obligations hereunder then Lessor may terminate this Agreement by giving Lessee ten (10) days' prior written notice thereof. If Lessee fails to cure such default within ten (10) days of receipt of Lessor's default notice then this Agreement and all interest of Lessee hereunder shall automatically terminate, but if Lessee does so cure such default within said ten (10) days, Lessor's termination notice will be deemed withdrawn. Such rights of Lessor in the case of a default by Lessee hereunder are not exclusive, but are cumulative of all other rights Lessor may have hereunder at law or in equity; and any one or more of such rights may be exercised separately or concurrently to the extent provided by law. (b) Lessor's Default. Should Lessor commit a default under this Agreement, Lessee may terminate this Agreement by giving Lessor twenty (20) days' prior written notice thereof. If Lessor fails to cure such default within fifteen (15) days of receipt of Lessee's default notice then Lessee may terminate this Lease Agreement between the City of Fort Worth and Brave/R Together Tarrant 1607 New York Avenue 5 1 P a g e Agreement. 17. Notice. Any notice hereunder must be in writing. Notice deposited or sent by nationally recognized overnight courier service, such as, but not limited to, Federal Express, by certified mail with return receipt requested, or by express mail properly addressed, postage paid, shall be effective -upon deposit. Notice given in any other manner herein shall be effective upon receipt at the address of the addressee. For purposes of notice, the addresses of the parties shall, unless changed as hereinafter provided, be as follows: To Lessor: City of Fort Worth Neighborhood Services Department 908 Monroe St. Fort Worth, Texas 76102 With a copies to: City Attorney's Office City of Fort Worth 200 Texas Street Fort Worth, Texas 76102 City of Fort Worth Property Management Department 900 Monroe St, suite 400 Fort Worth, Texas 76102 Attn: Lease Management To Lessee: Brave/R Together Tarrant Shawn Lassiter Executive Director ShawnLassiter@bravertogether.org The parties hereto shall have the continuing right to change their respective address by giving at least ten (10) days' notice to the other party. 18. Audit. Pursuant to Chapter 2, Article IV, Division 3, Section 2-134, Administration, Powers and Duties of the Department of Internal Audit, of the Code of Ordinances of the City of Fort Worth, Lessor may at Lessor's sole cost and expense, at reasonable times during Lessee's normal business hours and upon reasonable notice, audit Lessee's books and records, but only as it pertains to this Agreement and as necessary to evaluate compliance with this Agreement. 19. Entire Agreement. This Agreement constitutes the entire agreement between Lessor and Lessee relating to the use of the Premises and no prior written or oral covenants or representations relating thereto not set forth herein shall be binding on either party hereto. 20. Amendment. This Agreement may not be amended, modified, extended, or supplemented except by written instrument executed by both Lessor and Lessee. 21. Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed an original, but all of which shall constitute but one and the same document. [SIGNATURES ON FOLLOWING PAGE] Lease Agreement between the City of Fort Worth and Brave/R Together Tarrant 1607 New York Avenue 6 1 P a g e The parties hereto have caused this Agreement to be executed this 10th day of U n e 2024 ("Effective Date"). LESSOR: CITY OF FORT WORTH Naha (r��l�do-�f Dana eurghdoff (Jun B, 02415:2i DT) Dana Burghdoff Assistant City Manager LESSEE: BRAV OGET TARRANT wn Lassiter ecutive Director Date: Jun 8, 2024 Date: 06/07/24 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. -m�4a Monique Hill District Superintendent APPROVED AS TO FORM AND LEGALITY: Matthew 7,2024 13&9 CDT) Matthew A. Murray Assistant City Attorney Q,dvvvnnn� va°�°FOR ..*0 v°moo op-+°o ° ATTEST: P�000 *w °a �°x6°4igod Jannette S. Goodall City Secretary Form 1295: 2024-1130795 M&C: 24-0395 / May 14, 2024 OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX Lease Agreement between the City of Fort Worth and Brave/R Together Tarrant 1607 New York Avenue 7 1 P a g e f� � �.:�' r�r 11I Tiv• INS FLL 1 .� �I �+� , . —.� � _ - 4. _ � •., iA.t' : I . [ -fop ■-"ry..�. — I.� ci•d� 'S'_J _ti t�'�� Ali r� F 'ffI AI`J 31�� n�firt f,+p.. Fi��,yi rya ivo. oiiA . ,t: �' �S7did'1. k�l ily r a��w� MIf UL 31 ! 'iCte�s-T O�I� ,�r{131.:.!' �r9i ii.''1 •.E;{:.:: ..�:-.' E , 'i I'I • " • C"°�l"I�a�� iffk�i4'II��IKEq�� iii �'s�_�'il�A1'��i� C�� .. '' ECS�S�i�Cl4;IOrfir isl�rl ?pffi�e� .F'r� . ,�.. �' " ` 2 M&C Review Page 1 of 2 0 Official site of the City of Fort Worth, Texas CITY COUNCIL AGEND FORTWORTH Create New From This M&C DATE: 5/14/2024 REFERENCE **M&C 24- LOG NAME: 211607NEWYORKAVE NO.: 0395 CODE: C TYPE: CONSENT PUBLIC NO HEARING: SUBJECT: (CD 8) Authorize the Execution of a Lease Agreement Between the City of Fort Worth (Lessor) and Brave/R Together Tarrant (Lessee) for Approximately 3,900 Square Feet of Space in the First Floor of the Building Located at 1607 New York Avenue, Fort Worth, Texas, 76104 for Use as Office and Community Meeting Space While Conducting the Evans Avenue Urban Design and Streetscape Plan Study Funded by the Fort Worth Local Development Corporation and Find that the Lease Serves a Public Purpose and that Adequate Controls are in Place to Ensure that the Public Purpose is Accomplished RECOMMENDATION: It is recommended the City Council: 1. Authorize the execution of a lease agreement between the City of Fort Worth (Lessor) and Brave/R Together Tarrant (Lessee) for approximately 3,900 square feet of space in the first floor of the building located at 1607 New York Avenue, Fort Worth, Texas, 76104 for use as office and community meeting space while conducting the Evans Avenue Urban Design and Streetscape Plan Study funded by the Fort Worth Local Development Corporation; and 2. Find that the lease will serve a public purpose by allowing Brave/R Together Tarrant to more efficiently complete the Evans Avenue Urban Design and Streetscape Plan Study to address racial inequities in business and economic development, education, healthcare, and housing within the 76104 zipcode and that sufficient controls are in place to ensure that the public purpose is accomplished. DISCUSSION: Brave/R Together Tarrant (Lessee) is a nonprofit corporation established to address racial disparities and inequities in business, economic development, education, healthcare and housing within the Fort Worth 76104 zip code. Lessee is being paid by the City of Fort Worth Local Development Corporation (LDC) to participate in the Evans Avenue Urban Design and Streetscape Plan Study (Study) funded by the LDC. Lessee has requested to lease from the City of Fort Worth (Lessor) use of the first floor in the former fire station located at 1607 New York Avenue, consisting of approximately 3,900 square feet of space, to be used as office and work space to provide community meetings and local resident support during completion of the Study. Per direction of the City Manager's Office and discussions between the City's Economic Development Department, Neighborhood Services Department, Property Management Department, and Lessee, the parties have agreed to a lease with the following terms and conditions: Lease term commencing on the lease effective date and expiring July 31, 2025; Base rent of $100.00 per year; Lessee will pay all utilities; Lessee assumes all operating and maintenance expenses for the space during the term of the lease; and Lessor will handle waste management at its expense. http://apps.cfwnet.org/council_packet/mc—review.asp?ID=32 101 &councildate=5/14/2024 5/30/2024 M&C Review Page 2 of 2 Base rent is below Fair Market Value for the space due to Lessee providing a public purpose during the term of the lease. This property is located in Council District 8. 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 Neighborhood Services Fund. The Neighborhood Services Department (and Financial Management Services) is responsible for the collection and deposit of funds due to the City. TO Fund Department Account Project Program Activity Budget Reference # I Amount ID ID Year (Chartfield 2) FROM [Fund Department Account Project Program Activity Budget Reference # Amount ID ID Year I (Chartfield 2) Submitted for Citv Manager's Office bv: Dana Burghdoff (8018) Originating Department Head: Marilyn Marvin (7708) Ricardo Salazar (8379) Additional Information Contact: Monique Hill (5775) Mark Brown (5197) ATTACHMENTS 1607 New York Ave M and C.odf (CFW Internal) Form 1295 Certificate BRAVERTT.odf (CFW Internal) Signature: Mark Bro n(Jun 7, 202409:40 CDT) Email: Mark.Brown@fortworthtexas.gov http://apps.cfwnet.org/council_packet/mc—review.asp?ID=32 101 &councildate=5/14/2024 5/30/2024