Loading...
HomeMy WebLinkAboutContract 61939-A1CSC No. 61939-A1 FIRST AMENDMENT TO COMMERCIAL LEASE 1008 E. 11TH STREET, FORT WORTH, TEXAS 76102 This First Amendment to Commercial Lease ("First Amendment") is entered into by and between Kent Riibe ("Landlord") and the City of Fort Worth, a home -rule municipal corporation of the State of Texas ("Tenant"). RECITALS A. Landlord and Tenant entered into a month -to -month Commercial Lease dated July 30", 2024 (City Secretary Contract Number 61939) (the "Lease") concerning 1008 E. 1 lfl' Street, Fort Worth, Texas 76102 (the "Leased Premises"). B. Landlord and Tenant desire to amend the Lease for the first time to extend the term of the Lease through December 31', 2025. AGREEMENT In consideration of the mutual covenants contained in this First Amendment, Landlord and Tenant agree to amend the Lease as follows: Section 3.A. of the Lease is amended to be and read as follows: Term: A. The term of this lease is seventeen (17) months and zero (0) days, commencing on August 1, 2024 (Commencement Date) and ending on December 31, 2025 (Expiration Date). Except as amended by this First Amendment, all of the terms and conditions ofthe Lease are ratified and remain in full force and effect. [signature page follows] OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX EXECUTED as of the 2 l day of May LANDLORD: Kent Riibe Kent Riibe APPROVED BY: Marilyn Marvin Director, Property Management Department .2025. TENANT: City of Fort Worth VMS,_ W"--/L Valerie Washington (May 21, 202510:44 CDT) Valerie Washington Assistant City Manager 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(May 21,202509:53 CDT) Mark Brown, Lease Manager APPROVED AS TO FORM AND LEGALITY: Matthew M21, 2025 . 5 CDT) Matthew A. Murray Assistant City Attorney �444p4� �poF FORtwad of Ogg° •1d ATTEST: o QQ�* -o bnuu444 i Jannette S. Goodall City Secretary Contract Authorization: Form 1295: 2025-1299422 M&C: 25-0464 OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX 2 5/20/25, 5:21 PM M&C Review ACITY COUNCIL AGEND Create New From This M&C DATE: 5/20/2025 REFERENCE NO.: **M&C 25-0464 LOG NAME: CODE: G TYPE: CONSENT PUBLIC HEARING: Official site of the City of Fort Worth, Texas FoRTWoRn 211008 E 11 TH STREETLEASE SUBJECT: (CD 11) Authorize Execution of First Amendment to Month -to -Month Commercial Lease with Kent Riibe for the Use of Warehouse Space Located at 1008 East 11th Street, Fort Worth, Tarrant County, Texas, 76102 in the Amount of $6,500.00 Per Month for the Public Events Department for Storage During the Fort Worth Convention Center Renovation and Expansion Project RECOMMENDATION: It is recommended that the City Council authorize the execution of a first amendment to the month -to - month commercial lease with Kent Riibe for the use of warehouse space located at 1008 East 11th Street, Fort Worth, Tarrant County Texas, 76102 in the amount of $6,500.00 per month for the Public Events Department for storage during the Fort Worth Convention Center Renovation and Expansion Project (City Project No. 102582). DISCUSSION: The purpose of this Mayor and Council Communication is to recommend that the City Council authorize the execution a first amendment to the month -to -month commercial lease with Kent Riibe (Landlord) for the Public Event Department's use of approximately 10,870 square feet of warehouse space located at 1008 East 11th Street, Fort Worth, Tarrant Texas 76102 for the storage of equipment and furniture during the Fort Worth Convention Center Renovation and Expansion Project (City Project No. 102582). The City of Fort Worth (City) and Landlord entered into a month -to -month Commercial Lease (City Secretary Contract Number 61939) (the Lease) with an effective date of August 1, 2024 and with a term not to exceed January 31, 2025. The City and Landlord desire to amend the Lease to extend its term until December 31, 2025. The Lease provides for termination by either party with a written notice of at least thirty (30) days. The amount of rent to be paid to Landlord under this first amendment to the Lease shall not exceed $71,500.00 ($6,500.00 per month for a maximum of 11 months). In addition, the Lease stipulates that the City will be responsible for any monthly water bills issued in excess of $100.00. Funding is budgeted in the Certificate of Obligation 2023 Fund for the ARPA FWCC Expansion & Prj Mgmt Project, as appropriated. This property is located in Council District 11. FISCAL INFORMATION/CERTIFICATION: The Director of Finance certifies that funds are available in the current capital budget, as previously appropriated, in the Certificate of Obligation 2023 Fund for the ARPA FWCC Expansion & Prj Mgmt project to support the approval of the above recommendation and execution of the amendment. Prior to any expenditure being incurred, the Property Management Department has the responsibility to validate the availability of funds. apps.cfwnet.org/council_packet/mc_review.asp? I D=33327&cou ncildate=5/20/2025 1 /2 5/20/25, 5:21 PM M&C Review 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: Valerie Washington (6199) Marilyn Marvin (7708) Mark Brown (5197) Marilyn Schoening (7581) ATTACHMENTS 1008 E 11th STREET LEASE.pdf (CFW Internal) 211008 E 11TH STREET LEASE funds avail.docx (CFW Internal) Certificate No 2025-1299422.pdf (CFW Internal) FID Table for 1008 E 11TH STREET LEASE.xlsx (CFW Internal) apps.cfwnet.org/council_packet/mc_review.asp?ID=33327&councildate=5/20/2025 2/2