HomeMy WebLinkAboutContract 32148-T1City Secretary Contract Number 32148-T1
AGREEMENT TERMINATING LEASE
FORT WORTH SPINKS AIRPORT
HANGAR LEASE AGREEMENT
HANGAR WI
This AGREEMENT TERMINATING LEASE ("Agreement") 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 Valerie Washington, its duly authorized Assistant City Manager and FTW
Realty, Ltd. ("Lessee"), a Texas limited partnership, acting by and through JOHN
COCKERHAM, its duly authorized MANAGER of Harrison Realty Investments, LLC.
RECITALS
The following introductory provisions are true and correct and form the basis of
this Agreement:
A. Lessor previously entered into a Hangar Lease Agreement at Fort Worth
Spinks Airport (the "Airport") styled as City Secretary Contract No.
32148 ("Previous Lease").
B. It is the intent of the Lessor and Lessee to terminate the Previous Lease.
AGREEMENT
TERMINATION OF PREVIOUS LEASE.
The Previous Lease is hereby terminated effective upon execution of a
new Hangar Lease Agreement with FWS Hangar LLC and FWS FBO
LLC ("New Lessee") ("Effective Date"). However, such termination shall
not constitute (i) a release by one party or any liability accruing or
obligation to indemnify under the Previous Lease arising before the
Effective Date or (ii) a waiver of one party to enforce any unperformed
duties or obligations of the other under the Previous Lease arising before
the Effective Date.
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
2. SURRENDER OR PREMISES.
No later than 10:00 AM of the Effective Date (unless otherwise agreed
between Lessee and New Lessee), Lessee shall vacate the leased premises
and return keys to Spinks Airport Administration, located at 450 Alsbury
Blvd., Fort Worth, Texas 76028.
3. NOTICES TO LESSEE AFTER EFFECTIVE DATE.
All notices to Lessee after the Effective Date shall be addressed as
follows:
FWS Realty LTD
3825 Camp Bowie Blvd.
Fort Worth, TX 76107
Agreement Terminating Lease
Fort Wordi Spinks Airport
Lease Site W1
IN WITNESS WHEREOF, the parties hereto have executed this Agreement in
multiples on this the-2q"^nay of A,u 4 2024.
CITY OF FORT WORTH:
By: Vox')
Valerie Washington
Assistant City Manager
Date: l
STATE OF TEXAS
COUNTY OF TARR-ANT §
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 consideration therein expressed and
in the capacity therein stated.
GIV UNDER MY HAND AND SEAL OF OFFICE this 0? � ' day
, 2024.
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° �j _ Notary Public in and for the
ps�FkAs a : State of Texas
APPROVED AS TO FORM ATTEST:
AND LEGALITY:
By: Candace Pagliara (Aug 27, I024 15:07 CDT(
Candace Pagliara
Assistant City Attorney
M&C: 24-0673
Approved: 08.13.2024
By:
Jannette S. Goodall
City Secretary
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Agreement Terminating Lease OFFICIAL RECORD
Fort Worth Spinks Airport CITY SECRETARY
Lease Site W1 FT. WORTH, TX
LESSEE: ATTEST:
FWS REALTY, LTD., acting through its
General Partner,
HARRISON REALTY INVESTMENTS, LLC
4oCockerhamA=���
President
Date:
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 JOHN COCKERHAM 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 FWS REALTY, LTD., acting through its General Partner, HARRISON
REALTY INVESTMENTS, LLC , and that he executed the same as the Manager of FWS
REALTY, LTD., acting through its General Partner, HARRISON REALTY
INVESTMENTS, LLC, for the purposes and consideration therein expressed and in the
capacity therein stated.
GIV/�R MY AND SEAL OF
J
LINDSAY EVANS
gP;LY PVA
c Notary Public, State of Texas
?a,'r Comm. Expires 08-16 2028
q;FOF�` Notary ID 10607364
Agreement Terminating Lease
Fort Worth Spinks Airport
Lease Site W 1
OFFICE this 0? day
2024.
Notary Public in and for the
State of Texas