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HomeMy WebLinkAboutContract 49608-R8CSC No. 46908-R8 EIGHT RENEWAL FOR CITY SECRETARY CONTRACT NO. 46908 LEASE AGREEMENT FOR THE ROSE MARINE THEATER This LEASE AGREEMENT RENEWAL FOR THE ROSE MARINE THEATER ("Renewal') is made and entered into by and between the CITY OF FORT WORTH ("Lessor"), a home rule municipal corporation under the State of Texas, acting by and through DANA BURGHDOFF, its duly authorized Assistant City Manager, and ARTES DE LA ROSA ("Lessee"), a domestic non-profit corporation, acting by and through MARTINA TREVINO, its duly authorized Board President. RECITALS The following statements are true and correct and form the basis of this Agreement. WHEREAS, on or about August 1, 2015, the parties entered into City Secretary Contract ("CSC") No. 46908, a Lease Agreement for the building known as the Rose Marine Theater located at 1440 and 1444 North Main Street, Fort Worth, Texas ("Lease"); and WHEREAS, the Lease provided for a two (2) year initial term with eight (8) one-year options to renew to expire July 31, 2025; and WHEREAS, the seventh (7th) renewal term of the Lease will expire on July 31, 2024; and WHEREAS, as part of the renewal requirements, Lessee is required to provide Lessor a request for renewal of the Lease term, a report outlining the use of and services provided by the Lessee under the terms of the Lease, and annual financial statements for the prior calendar year including IRS Form 990; and WHEREAS, on July 31, 2024, the Lessee provided the items required for the lease renewal and both parties agreed to exercise this eight (8th) lease renewal; and WHEREAS, the parties would now like to enter into this eight (8th) renewal of the Lease for a one-year term. 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 renewed and extended for the eight (8th) permitted and final renewal term of one (1) year, commencing on August 1, 2024 and expiring on July 31, 2025. Renewal Option No. 8 to CSC No. 46908 Pagel of3 OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX 2. All other terms and conditions of the Lease shall remain in full force and effect. 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 Agreement. The Lease is a public document on file in Lessor's City Secretary's Office and is incorporated herein by reference for all purposes. 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 Pages Follow] Renewal Option No. 8 to CSC No. 46908 Page 2 of 3 IN WITNESS WH REOF, the parties hereto have executed this Agreement on this 31' day of July, 2024. LESSOR: City of Fort Worth, a home rule municipal corporation under the State of Texas Dana Burghd�off(Aug Y,2024 CDT) By: Dana Burghdoff Assistant City Manager Date: Aug 12, 2024 LESSEE: Artes De La Rosa, a Texas non-profit corporation By: Title: Board President Date: Julv 31, 2024 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. 'h Mark Bro n (Aug 6, 202416:29 CDT) By: Mark Brown Lease Manager Date: Aug 6, 2024 AS TO FORM AND LEGALITY: By: Jeremy Anato-Mensah Assistant City Attorney Date: Aug 7, 2024 ATTEST: Lta. % ..6YSS�Y By: J Jannette S. Goodall City Secretary Date: Aug 12, 2024 M&C: C-27400 Approval Date: 7/28/2015 4,pg4Upn�� o� Foo o Rt�oaa r .o Flo Pvo o o=A n00000 o � OFFICIAL RECORD Renewal Option No. 8 to CSC No. 46908 CITY SECRETARY Page 3 of FT. WORTH, TX