HomeMy WebLinkAboutContract 32736-A7CSC No. 32736-A7
SEVENTH AMENDMENT TO LEASE AGREEMENT
THIS SEVENTH AMENDMENT TO LEASE AGREEMENT (this "Amendment") is
made effective as of the 18th day of August , 2025 (the "Effective Date"), by and
between the CITY OF FORT WORTH, a municipal corporation of the State of Texas (the "City"
or "Landlord"), and MCIMETRO ACCESS TRANSMISSION SERVICES LLC., a Delaware
limited liability company, d/b/a Verizon Access Transmission Services, f/k/a MCImetro Access
Transmission Services Corp. ("Tenant").
WITNESSETH:
WHEREAS, Fort Worth Telco Center Limited ("Original Landlord"), successor in
interest to Landlord, and Tenant entered into that certain Standard Equipment Site Lease
Agreement dated April 13, 2000, City Secretary Contract #47864 (the "Original Lease") as
amended by: (i) that certain Commencement Date Agreement and Amendment to the Lease
executed November 20, 2000, between Original Landlord and Tenant (the "First Amendment");
(ii) that certain Amendment Number Two to Lease Agreement executed November 29, 2000,
between Original Landlord and Tenant (the "Second Amendment"); (iii) that certain Amendment
to Lease Agreement executed December 1, 2005 between Landlord and Tenant (the "Third
Amendment"); (iv) that certain Fourth Amendment to Lease Agreement dated effective June 1,
2010, between Landlord and Tenant (the "Fourth Amendment"); (v) that certain Fifth
Amendment to Lease Agreement dated March 27, 2015 (the "Fifth Amendment"); (vi) that
certain Sixth Amendment to Lease Agreement dated April 1, 2021 (the "Sixth Amendment",
together with the Original Lease, First Amendment, Second Amendment, Third Amendment,
Fourth Amendment, and Fifth Amendment collectively referred to herein as the "Lease"), for the
lease of certain premises consisting of approximately 8,343 square feet of rentable area (the
"Premises") in the building commonly known as the Zipper Building located at 1111 Monroe
Street, Fort Worth, Texas (the 'Building"), as more particularly described in the Lease;
WHEREAS, the Third Renewal Term (as such term is referred to in the Sixth Amendment)
will expire at 11:59 p.m. CST on October 31, 2025; and
WHEREAS, Tenant timely exercised its option to extend the Lease Term for the
Fourth Renewal Term pursuant to Section 5 of the Sixth Amendment and as such renewal term
is referred to in the Sixth Amendment;
WHEREAS, Landlord and Tenant now desire to, among other things, amend the Lease to
extend the Lease Term and to modify certain other terms and conditions set forth herein.
NOW THEREFORE, in consideration of the foregoing and mutual promises and
covenants contained herein, and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the Landlord and Tenant agree as follows:
1. Recitals; Defined Terms. The above recitals are true and correct and are hereby
incorporated by reference into this Amendment as if set forth in full. Unless specifically defined
herein, capitalized terms used in this Amendment shall have the same meaning as set forth in the
Lease.
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
4899-5495-1753v.4 45774-42
2. Extension of Lease Term. Pursuant to Tenant's timely exercise of the first of its
two options to renew the Lease under Section 5 of the Sixth Amendment, the Lease Term is hereby
extended for a period of five (5) years, commencing on November 1, 2025, and expiring at 11:59
p.m. on October 31, 2030 (the "Fourth Renewal Term").
3. Base Rental. During the Fourth Renewal Term, Base Rental for the Premises shall
be in the amount of $12.59 per square foot per annum for an annual rental of One Hundred and
Five Thousand Thirty -Eighty and 37/100 Dollars ($105,038.37), payable in equal monthly
installments of Eight Thousand Seven Hundred Fifty -Three and 20/100 Dollars ($8,753.20).
4. Base Year. During the Fourth Renewal Term, for purposes of calculating Tenant's
Proportionate Share of increases in Operating Expenses and Tax Payments, the "Base Year" means
calendar year 2026.
5. Renewal Option. Tenant shall continue to have its second remaining option to
extend the Lease Term for a period of five (5) years in accordance with the terms and conditions
of Section 5 of the Sixth Amendment (such renewal term is referred to as the "Fifth Renewal
Term" in the Sixth Amendment).
6. Insurance. Section 10 of the Original Lease is hereby deleted in its entirety and
replaced with the following:
"10. Insurance. Tenant, at its expense, at all times during the Lease Term and
any other period of occupancy of the Premises by Tenant, shall provide and
maintain with respect to the Premises Commercial General Liability insurance with
limits of $2,000,000 per occurrence for bodily injury and property damage and
$2,000,000 general aggregate including Landlord as an additional insured as their
interest may appear under this Lease. Any insurance required to be maintained by
Tenant may be provided through a blanket policy covering the Premises and other
properties. Landlord, at its written request, shall be furnished with appropriate
certificates of insurance evidencing that such insurance is in force and that Landlord
(and any mortgagee designated by Landlord to Tenant in writing) is included as an
additional insured as their interest may appear under this Lease. Upon receipt of
notice from its insurer(s) Tenant shall use commercially reasonable efforts to
provide Landlord with thirty (30) days prior written notice of cancellation any
required coverage."
7. Counterparts. This Amendment may be executed in multiple counterparts, each
of which shall be deemed an original, but all of which shall constitute one and the same instrument.
This Amendment and all notices and other communications required or permitted under the Lease
may be executed by electronic signature, each of which shall be considered as an original signature
for all purposes and shall have the same force and effect as an original signature. For these
purposes, "electronic signature" shall mean electronically scanned and transmitted versions (e.g.,
via pdf file) of an original signature, signatures electronically inserted and verified by software
such as Adobe Sign, or faxed versions of an original signature. Landlord and Tenant agree that the
delivery of an executed copy of this Amendment and all notices and other communications
required or permitted under the Lease by facsimile or e-mail shall be legal and binding and shall
have the same full force and effect as if an original executed copy of this Amendment had been
delivered. A notice sent by legal counsel for a party shall have the same effect as if sent by the
party on whose behalf such notice was sent.
8. Successors and Assigns. This Amendment shall apply to, inure to the benefit of,
and be binding upon the parties hereto and upon their respective heirs, legal representatives,
successors and permitted assigns, except as otherwise provided herein.
9. Entire Agreement. The Lease, as modified by this Amendment, constitutes the
entire agreement between the parties with respect to the subject matter hereof, and contains all of
the covenants and agreements of the parties with respect thereto. The parties each acknowledge
that no representations, inducements, promises, or agreements, oral or written, have been made by
the parties, or anyone acting on behalf of the parties, which are not contained herein, and any prior
agreements, promises, negotiations or representations not expressly set forth in this Amendment
are of no effect. This Amendment may not be altered, changed or amended except by an instrument
in writing signed by the parties hereto. To the extent of any inconsistency between the Lease and
this Amendment, the terms of this Amendment control. Effective as of the Effective Date, all
references to the "Lease" shall refer to the Lease as amended by this Amendment.
[Remainder of page intentionally left blank; Signature page follows.]
IN WITNESS WHEREOF, Landlord and Tenant have executed this Amendment
effective on the Effective Date.
LANDLORD:
CITY OF FORT WORTH
.W44,11t.
By: Valerie Washington (Aug 18,202510:16:36 CDT)
Valerie Washington
Assistant City Manager
APPROVED BY:
Marilyn Marvin
Director, Property Management Department
TENANT:
MCIMETRO ACCESS TRANSMISSION
SERVICES LLC,
a Delaware limited liability company d/b/a
Verizon Access Transmission Services
By: Noah Julius (Aug 15, 202511:36:50 EDT)
Name: Noah Julius
Title: Senior Director — Global Real Estate
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 Br n (Aug 15, 202515:20:22 CDT)
Mark Brown
Lease Manager, Property Management Department
APPROVED AS TO FORM AND LEGALITY:
Cailiace ? aetlara
Candace Ngli—(Aug 15,2025 6�:38'09CU)
Candace Pagliara
Assistant City Attorney
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Jannette S. Goodall
City Secretary
Contract Authorization:
Form 1295: N/A
M&C: 25-0701
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
8/13/25, 7:55 AM M&C Review
Official site of the City of Fort Worth, Texas
ACITY COUNCIL AGEND FORWoRTH
Create New From This M&C
DATE: 8/12/2025 REFERENCE **M&C 25- LOG NAME: 21 VERIZON 7TH LEASE
NO.: 0701 AMENDMENT
CODE: C TYPE: CONSENT PUBLIC NO
HEARING:
SUBJECT: (CD 9) Authorize the Execution of a Seventh Lease Amendment with MCIMetro Access
Transmission Services LLC d/b/a Verizon Access Transmission Services to Amend the
Insurance Provisions and Confirm the Exercise of a Fourth Term Renewal Under
the Lease Agreement for Space within the Building Known as the Zipper Building Located
at 275 West 13th Street, Fort Worth, Texas 76102
RECOMMENDATION:
It is recommended that the City Council authorize the execution of a seventh lease amendment with
MCIMetro Access Transmission Services LLC d/b/a Verizon Access Transmission Services to amend
the insurance provisions and confirm the exercise of a fourth term renewal under the lease
agreement for space within the building known as the Zipper Building, 275 West 13th Street, Fort
Worth, Texas 76102.
DISCUSSION:
On May 10, 2005, on Mayor and Council Communication L-14052, the City of Fort Worth (City)
purchased the property known as the Zipper Building located at 275 West 13th Street, also known as
1111 Monroe Street, Fort Worth, Texas 76102 and, upon such property purchase, acquired
a Standard Equipment Site Lease Agreement between MCIMetro Access Transmission Services LLC
d/b/a Verizon Access Transmission Services (Verizon) and Fort Worth TelCo Center Limited, as
twice amended, and filed as City Secretary Contract No. 47864 (Original Lease).
The Original Lease was executed on April 13, 2000 and provided Verizon with approximately
26,646 square feet of office space on the first floor of the Zipper Building to use as their
telecommunication operations for a ten (10) year initial term and three (3), five-year term renewal
options.
On December 1, 2005, the Original Lease was amended by the City and Verizon to comply with the
City's municipal guidelines and was filed as City Secretary Contract No. 32736 (Current Lease).
On June 1, 2010, the Current Lease was amended to reduce the office space to approximately 8,343
square feet and to allow Verizon to exercise its first term renewal option.
On March 27, 2015, the Current Lease was amended to adjust the term renewal option notification
language and to allow Verizon to exercise its second term renewal option.
On April 1, 2021, the Current Lease was amended to add two (2) additional, five-year term renewal
options and to allow Verizon to exercise its third term renewal option.
The third term renewal will expire on October 31, 2025. The Property Management Department and
Verizon desire to amend the Current Lease to adjust the insurance language and to allow Verizon to
exercise its fourth term renewal option.
The fourth term renewal will commence on November 1, 2025 and expire on October 31, 2030.
During the fourth term renewal, the rent will be $12.59 per square foot per annum for an annual rent
of $105,038.37, payable in equal monthly installments of $8,753.20.
Rent during any future term renewal will be determined at the time of the renewal and in the manner
set forth in the Current Lease.
This property is located in COUNCIL DISTRICT 9.
apps.cfwnet.org/council_packet/mc_review.asp? I D=33561 &cou ncildate=8/12/2025 1 /2
8/13/25, 7:55 AM
M&C Review
FISCAL INFORMATION/CERTIFICATION:
The Director of Finance certifies that upon approval of the above recommendation and execution of
the seventh amendment to the lease, funds will be deposited into the General Fund. The Property
Management Department (and Financial Management Services) is responsible for the collection and
deposit of funds due to the City.
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_ Valerie Washington (6199)
Originating Department Head: Marilyn Marvin (7708)
Additional Information Contact: Marilyn Schoening (7581)
Mark Brown (5197)
ATTACHMENTS
FID Table for Verizon 7th Amendment.xlsx (CFW Internal)
M and C map Verizon.pdf (CFW Internal)
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