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Home My WebLink AboutContract 60956-A1CSC No. 60956-A1 FIRST AMENDMENT TO THE FACILITIES LEASE AGREEMENT BETWEEN THE CITY OF FORT WORTH AND MAMMOTH FREIGHTERS LLC This First Amendmentto the Facility Lease Agreement ("First Amendment") is made and entered into by and between the City of Fort Worth, a home -rule municipal corporation of the State of Texas ("Landlord"), acting herein by and through Dana Burghdoff, its duly authorized Assistant City Manager, and Mammoth Freighters LLC, a Florida limited liability company ("Tenant"), acting herein by and through Todd Hunter, its duly authorized Chief Financial Officer. WHEREAS, Landlord and Tenant executed a certain Facilities Lease Agreement (City Secretary Contract No. 60956) (the "Lease") to lease space in the parts/warehouse building, known as Building # 11 at the Base, located at 2050 Eagle Parkway, Fort Worth, Texas 76177; and WHEREAS, Tenant now desires, and Landlord has agreed, to increase the square feet occupied by Tenant; and NOW THEREFORE, in consideration of the covenants and agreements set forth in the Lease and herein, Landlord and Tenant agree to amend the Lease as follows: 1. Article II, Section 2.1(a)(i) of the Lease is deleted in its entirety and replaced with the following: (i) Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord for the entire Term, the Leased Premises to include approximately 93,487 square feet in the parts/warehouse building, known as Building #I I at the Base, located at 2050 Eagle Parkway, Fort Worth, Texas 76177, as further described in Exhibit B-2; and 2. Article IX, Section 9.1(a) of the Lease is deleted in its entirety and replaced with the following: Base Rent. Tenant agrees to pay "Base Rent" to Landlord, without demand or notice, in advance in the following amounts (prorated on a per diem basis for any partial month) which amounts are based upon a total of 93,487 square feet: First Amendment to City Secretary Contract No. 60956 OFFICIAL RECORD Page CITY SECRETARY 1 FT. WORTH, TX Rent Date First Amendment Execution Date — February 14, 2028 February 15, 2028 — February 14, 2031 February 15, 2031 — February 14, 2032 February 15, 2032 — February 14, 2034 Base Monthly Annual Rent Tenant Rent Rate Rent Credits $2.00/sf $15,581.17 $186,974.00 $0 $2.25/sf $17,528.81 $210,345.75 $0 $2.50/sf $4,416.67 $53,000.00 $180,717.50 $2.50/sf $19,476.46 $233,717.50 $0 3. Exhibit B-1 (Site Plan) and Exhibit B-2 (Leased Premises) of the Lease are hereby deleted and replaced with the attached Exhibit B-1 and Exhibit B-2 and are incorporated into the Lease by this reference. All other terms and conditions of the Lease remain unchanged and in full force and effect. <SIGNATURES APPEAR ON FOLLOWING PAGE> First Amendment to City Secretary Contract No. 60956 Page 2 E�CUTED this 14 h LESSOR, Cl T 1, O day of �arY F Bana Bur FOR.., WORT l BhdoH(Janl �l , 2025 ana Bttr 1J0 CST Assists ghdoff LESSEE: M nt City Manager ��/ AMM�T HFRE I GII TERS LLC chief EXe� rple Y e Y s . RA CT Date: ��eer g, / 14 for the aeknowle `ONCE ensuring all storing and dge that / �ANAGER performance and er m the person MarkBro n(Jan24,202514: ration ofthis co responsible [Lea se own 2 �5, Yv ng re9t�iremen set, inelUding anager APpRO vED AS TO Candace P FOR �.t a8liaraCa (Jan 14 2514:34 �7] U dant Pag/iara LEGALI T y,. 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Date 1 Zq6 nZation. 0 25 STY ARE C�po Firs FT WART TARY rst Amendment tQ City sec H> TX reta Page ry Contract lr0 60956 �rJ f EXHIBIT "B-1" Site Plan First Amendment to City Secretary Contract No. 60956 Page 4 4 LEVEL 1 PLAN' EXHIBIT 6(B-2" Le as e d Pre mises highlighte d in re d Outside covered area outlined in yellow T .------- -,7 -F First Amendment to City Secretary Contract No. 60956 Page 5 0 LEVEL 2 PLAN m First Amendment to City Secretary Contract No. 60956 Page 6 Official site of the City of Fort Worth, Texas CITY COUNCIL AGENDA FORTH Create New From This M&C DATE: 1/14/2025 REFERENCE **M&C 25- LOG NAME: 21MAMMOTH FIRST NO.: 0046 AMENDMENT CODE: C TYPE: CONSENT PUBLIC NO HEARING: SUBJECT: (CD 10) Authorize Execution of a First Amendment to the Facilities Lease Agreement with Mammoth Freighters LLC to Increase the Space Occupied in the Parts/Warehouse Building #11 Located at 2050 Eagle Parkway, Fort Worth, Texas 76177 at the Alliance Fort Worth Maintenance Base RECOMMENDATION: It is recommended that the City Council authorize the execution of a first amendment to the Facilities Lease Agreement with Mammoth Freighters LLC to increase the space occupied in the parts/warehouse building #11 located at 2050 Eagle Parkway, Fort Worth, Texas 76177 at the Alliance Fort Worth Maintenance Base. DISCUSSION: The City of Fort Worth (City) entered into a Facilities Lease Agreement with Mammoth Freighters LLC (Mammoth) on February 15, 2024 to lease approximately 72,287 square feet of industrial and office space in the parts/warehouse building #11 located at the Alliance Maintenance Base as City Secretary No. 60956 (Mayor & Council Communication 23-1062) (Lease). The Property Management Department and Mammoth have agreed to amend the Lease to add approximately 21,200 square feet to the space occupied by Mammoth in the Parts/Warehouse Building #11. This addition will increase the total leased space from approximately 72,287 square feet to approximately 93,487 square feet. The revised base rent, based upon 93,487 square feet, is as follows Rent Date Price Squarer Monthly Annual Rent Tenant Rent Foot Rent Credit January 15, 2025 - February 14, $2.00 $15,581.17 $186,974.00 $0.00 2028 February 15, 2028 - $2.25 $17,528.81 $210,345.75 $0.00 February 14, 2031 February 15, 2031 - February 14, $2 50 $4,416.67 $53,000.00 $180,717.50 2032 February 15, 2032 - February 14, $2.50 $19,476.46 $233,717.50 $0.00 2034 Tenant rent credits were agreed upon and included in the Lease and allow for Mammoth to pay a reduced base rent for twelve (12) months, commencing February 15, 2031, which provides a total value of $180,717.50 as outlined in the table above. This property is located in Council District 10. FISCAL INFORMATION/CERTIFICATION: The Director of Finance certifies that upon approval of the above recommendation and execution of an amendment to the Lease, funds will be deposited into the Alliance Maintenance Facility Fund. The Property Management Department (and Financial Management Services) is responsible for the collection and deposit of funds due to the City. t1W Fund Department Account Project ' Program Activity Budget Reference # Amount ID ID Year (Chartfield 2) FROM Fund Department I 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) Mark Brown (5197) Ricardo Salazar (8379) ATTACHMENTS 21 Mammoth First Amendment FID table.xlsx (CFW Internal) certificate of interested parties 11-21-24.pdf (CFW Internal) Mammoth First Amendment M&C map. pdf (CFW Internal)