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HomeMy WebLinkAboutContract 42492-A3Docusign Envelope ID: 445981 F2-8A1 F-4226-9AE8-BDF829E3E0D8 CSC No. 42492-A3 THIRD AMENDMENT BETWEEN THE CITY OF FORT WORTH AND TOWN CENTER MALL, L.P. (CSC NO.42492) MONTH -TO -MONTH EXTENSION THIS THIRD AMENDMENT ("Agreement") is made and entered into by and between the CITY OF FORT WORTH ("TENANT"), and TOWN CENTER MALL, L.P. ("LANDLORD"). WHEREAS, effective October 1, 2011, Tenant and Landlord entered into a Lease (the "Lease") (City Secretary Contract No. 42492) for premises known as suite 2495, located at 4200 S. Freeway, Fort Worth, Texas, 76115; and WHEREAS, the Lease was amended (City Secretary Contract 42492-A1) to extend the term until August 31, 2019; and WHEREAS, on June 25, 2019, Tenant and Landlord executed a second amendment to the Lease (City Secretary Contract No. 42492-A2) to extend the lease term to September 30, 2024, to update the annual rent amounts, and to allow for either party to terminate the Lease upon a 180 day written notice; and WHEREAS, Tenant has requested, and Landlord has agreed to grant Tenant, the use of suite 2495 on a month -to -month basis beginning October 1, 2024 under the terms and conditions existing in the Lease, as amended therein and below. NOW THEREFORE, in consideration of the rent payments and the terms set forth in the Lease and below, the parties agree as follows: 1. The Lease Term of the Lease, as amended, is extended so that the Tenant may occupy suite numbered 2495 ("Temporary Premises") for a period of thirty-one (31) days beginning October 1, 2024 and ending October 31, 2024. Thereafter, Tenant may continue to occupy the Temporary Premises on a month -to -month basis until Tenant completes its move to a new location. 2. Tenant shall pay to Landlord $2,360.49 for each month that Tenant occupies the Temporary Premises ("Temporary Rent") beginning October 1, 2024. Tenant shall pay to Landlord the prorated portion of Temporary Rent for any partial month that Tenant occupies the Temporary Premises. 3. Tenant will provide Landlord with ten (10) days' notice prior to the date that Tenant will fully vacate the Temporary Premises. All other terms and conditions of the Lease, as amended, shall remain unchanged and in full force and effect during the term of this Agreement. [SIGNATURES APPEAR ON FOLLOWING PAGE] OFFICIAL RECORD 1 CITY SECRETARY FT. WORTH, TX Docusign Envelope ID: 445981 F2-8A1 F-4226-9AE8-BDF829E3E0D8 EXECUTED this 19th day of September , 2024. TENANT: City of Fort Worth LANDLORD: Town Center Mall, L.P. By: B oxe r Prope rty Management Corp. Management Company for Landlord DocuSigned by: DataDana Burghdoff Burghdoff (Sep 20241f48 CDT) 3p15974FR11 D4RE Dana Burghdoff Michael T Pari za Assistant City Manager Name: Title: Agent for owner 8/20/2024 Date: 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. Kristina Ashton Name: Title: Sr Administrative Services Manage) APPROVED AS TO FORM AND LEGALITY: Qeaar,�.2 U%22ams- JOOessika J. Williams Assistant City Attorney ATTEST: .�pp A J&-,=,ste¢Y Jannette S. Goodall City Secretary a9vvLp� O � �oRr�add Pv8 8o =d ° *�d IIIIII nFXAga�p Form 1295: 2024-1198334 Contract Authorization: M&C: 24-0809 2 OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX ACITY COUNCIL AGEND Create New From This M&C DATE: 9/17/2024 REFERENCE **M&C 24- LOG NO.: 0809 NAME: CODE: C TYPE: CONSENT PUBLIC HEARING: Official site of the City of Fort Worth, Texas FORT WORTI I 21 LAG RAN PLAZAMONTHTOMONTH NO SUBJECT: (CD 11) Authorize Amendment of Lease Agreements with Town Center Mall, L.P. to Extend Use of Office Space in Suites 2200, 2495, and 2530 at La Gran Plaza Office Building Located at 4200 South Freeway, Fort Worth, Texas 76115 on a Month -to -Month Basis for the Park and Recreation Department RECOMMENDATION: It is recommended that the City Council authorize amendment of lease agrements with Town Center Mall, L.P. to extend use of office space in suites 2200, 2495, and 2530 at La Gran Plaza Office Building located at 4200 South Freeway, Fort Worth, Texas 76115 on a month -to -month basis for the Park and Recreation Department. DISCUSSION: The Park and Recreation Department (PARD) has occupied office space at La Gran Plaza, located at 4200 South Freeway, Fort Worth, Texas 76115, since October of 1992. City Secretary Contract No. 46101 was entered into with Town Center Mall, L.P. (Landlord) effective January 1, 2008, for the use of approximately 19,548 square feet in Suite 2200 and City Secretary Contract No. 46101 was entered into with Landlord effective October 1, 2011, for the use of approximately 1,866 square feet in Suite 2495 (collectively, the "Lease Agreements"). In addition to Suite 2200 and Suite 2495, a space known as Suite 2530 is also used by PARD to store City -owned technology equipment but is not included within a current City Secretary Contract. The Lease Agreements will expire September 30, 2024. However, PARD desires to continue to occupy Suites 2200, 2530, and 2495 (collectively the "Temporary Premises") until it relocates its operations to New City Hall. Landlord has agreed to grant PARD the use of the Temporary Premises, on a month -to -month basis, beginning October 1, 2024 under the same terms and conditions existing under the Lease Agreements until PARD completes its relocation. The monthly rental costs for the office space are as follows: Suites 2200 and 2530 $29,240.55 Suite 2495 $2,360.49 Total Cost $31,601.04 Funding will be available upon adoption of the Fiscal Year 2025 operating budget within the General Fund for Park & Recreation Department. This property is located in COUNCIL DISTRICT 11. FISCAL INFORMATION/CERTIFICATION: The Director of Finance certifies that upon approval of the above recommendation and adoption of the Fiscal Year 2025 Budget by the City Council, funds will be available in the Fiscal Year 2025 operating budget, as appropriated, in the General Fund. Prior to an expenditure being incurred, the Park & Recreation Department has the responsibility to validate the availability of funds. 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 City Manager's Office by_ Originating Department Head: Additional Information Contact: Dana Burghdoff (8018) Marilyn Marvin (7708) Marilyn Schoening (7581) Mark Brown (5197) ATTACHMENTS 2024.08.08 Certificate of Interested Partv.pdf (CFW Internal) FID Table Month to Month Lease.xlsx (CFW Internal) LaGran Plaza 4200 South Freeway..pdf (CFW Internal)