HomeMy WebLinkAboutContract 63986AIR CENTER HELICOPTERS, INC.
Deed of Trust Upon Lien hold
In favor of UMB BANK, N.A.
Page 1 of 8
CONSENT TO LEASEHOLD DEED OF TRUST
FORT WORTH SPINKS AIRPORT
LEASE AGREEMENTS
LEASE SITE 20E
This CONSENT TO LEASEHOLD DEED OF TRUST ("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; AIR CENTER
HELICOPTERS, INC. ("Lessee"), a Delaware corporation, and UMB Bank, N.A.
("Lender"), a national banking association.
The following introductory provisions are true and correct and form the basis of this Consent:
A. Lessor and Lessee have entered into a Ground Lease Agreement identified as City
Secretary Contract No. 48506 r the space known as lease site 20E
Spinks .
B.Lessee and the Lender desire Lessor to consent to the execution by Lessee of the Deed of
Trust on the Leased Premises in favor of the Lender.
NOW, THEREFORE, Lessor, Lessee and the Lender hereby agree as follows:
1.The statements set forth in the recitals above are true and correct and form the basis upon
which Lessor, Lessee and the Lender have entered into this Agreement. The Lease will
be a public document on file in Lessor's City Secretary's Office and is incorporated herein
by reference for all purposes.
2.Lessor hereby consents to the execution and delivery by Lessee to the Lender of the Deed
of Trust. Lessor does not adopt, ratify or approve of any of the particular provisions of the
Deed of Trust and does not grant any right, privilege or use to Lessee, Lender, or any
successor in interest pursuant to the Deed of Trust that is different from or more extensive
than any right, privilege or use granted to Lessee under the Lease. Notwithstanding
anything contrary in the Deed of Trust, Lessee and the Lender acknowledge, understand
and agree that Lessee and the Lender do not have any right to convey any interests
in the Leased Premises greater than those granted specifically by the Lease. Lessee and
the Lender further acknowledge, understand and agree that Lessor retains the mineral interest and the
right to develop such interest within the Leased Premises; provided, however, that Lessor expressly
waives all rights to utilize the surface of the Leased Premises in the exploration, production, or
transportation of any oil, gas, or minerals. Nothing herein contained shall ever be construed to prevent
the Lessor, or its successors or assigns, from developing or producing oil, gas and other minerals in
and under the Leased Premises by pooling or by directional drilling under the Leased Premises from
well sites not located within the boundaries of the Leased Premises and only at a depth of no less than
CSC No. 63986
AIR CENTER HELICOPTERS, INC.
Deed of Trust Upon Lien hold
in favor of UMB BANK, N.A.
Page 2 of 8
500 feet below the surface of the Leased Premises.1
In the event of any conflict between the Deed of Trust and the Lease, the Lease shall
control in all respects as to Lessor and as to Lessee's and the Lender (if Lender assumes
2 obligations to Lessor established by the Lease
and/or this Agreement. In the event of any conflict between the Deed of Trust and this
Agreement, this Agreement shall control. In the event of any conflict between this
Agreement and the Lease, the Lease shall control.
3.In the event that Lessor is required by the Lease to provide any kind of written notice
to Lessee with regard to the Leased Premises, including notice of breach or default by
Lessee, Lessor shall also provide a copy of such written notice to the Lender. Lessor
agrees that (i) the Lender may perform any of the obligations or requirements imposed
on Lessee by the Lease in order to avoid a breach or default under the Lease by Lessee
and (ii) Lessor will accept the Lender's performance the same as if Lessee had performed
such obligations or requirements.
4.Lessor agrees and covenants that it will not exercise any rights it may have under the
Lease to cancel or terminate the Lease or to force surrender of all or part of the Leased
Premises unless it first has provided the Lender with written notice of its intent to
exercise such any such right. The Lender shall have ten (10) calendar days from the
date it receives such notice to cure any monetary default under the Lease and thirty
(30) calendar days from the date it receives such notice to cure any other default under
the Lease to Lessor's reasonable satisfaction in order to avoid such cancellation,
termination or surrender; provided, however, that if the Lender, in good faith and after
diligent and continuous efforts to remedy any non-monetary default under the Lease,
cannot cure such default within thirty (30) calendar days, it shall notify Lessor in
writing and Lessor and the Lender shall negotiate in good faith a reasonable amount of
additional time to cure such default.
5.Lessee agrees that it will not request or consent to any future modifications, amendments
or assignments of the Lease without first receiving the Lender consent thereto
and providing a copy of such written consent to Lessor. Lessee understands and agrees
that any such consent granted by Lessor without Lender written consent shall
be void and specifically releases, holds harmless and agrees to indemnify Lessor for
any damages that may arise as a result of any such consent.
6.As long as such does not conflict with under the Lease, Lessor consents
to the exercise by the Lender of any and all rights and remedies permitted under the
Deed of Trust (including judicial and/or non-judicial foreclosure on the Leased
Premises), and to the exercise of such additional legal and equitable rights and remedies
as may be available to Lender, if an Event of Default occurs under the Deed of Trust.
In the event that Lender undertakes to enforce its rights to any collateral granted by
1 NTD: Revisions intended to align with the current consent for the Independent Financial deed of trust.
2 NTD: Conforming to existing consent.
AIR CENTER HELICOPTERS, INC.
Deed of Trust Upon Lien hold
In favor of UMB BANK, N.A.
Page 3 of 8
the Deed of Trust on account of default by Lessee under the Deed of Trust, Lessor will
cooperate with the Lender in its efforts to assemble and/or remove any personal property
of Lessee on the Premises. The Lender hereby agrees to repair any damages at or to
the Airport, including the Leased Premises, caused by or incident to such removal.
7.As a condition precedent to the effectiveness of this Agreement, Lessee agrees and
covenants that it will endorse all insurance policies required by the Lease to name both
Lessor and the Lender as additional insureds and to cover all public risks related to the
leasing, use, occupancy, maintenance, existence or location of the Leased Premises.
Notwithstanding anything to the contrary in the Deed of Trust, the Lender hereby agrees
and covenants that any and all proceeds payable under the terms of such insurance policies
shall first be applied to cover the replacement of all facilities and improvements on the
Leased Premises and to satisfy fully the terms and conditions of the Lease. Payment of
such proceeds shall apply secondarily to secure any of Lessee's indebtedness to the
Lender.
8.Subject to Sections 4 and 6 of this Agreement, Lessor may take all action available
to it under the Lease, at law or in equity in order to protect its interests, including, but
not limited to, cancellation of Lessee's interest as provided by the Lease and in accordance
with this Agreement.
9.The Lender agrees that it promptly will notify Lessor in writing when the Lender has
released its rights under the Deed of Trust. This Agreement will automatically terminate
on the earlier of (i) the date as of which the Lender releases such rights or (ii) the date
upon which the Lease expire or are terminated.
10.If the Lender forecloses on the Leased Premises as a result of exercising its rights under
the Deed of Trust, the Lender may become the owner of all of Lessee's rights under the
Lease, without action or consent. However, if the Lender desires to sell
or otherwise transfer its leasehold interest in the Leased Premises to a third party (either at
or after foreclosure), the Lender must obtain the to and approval
of the purchaser. Such consent and approval will not be unreasonably withheld,
conditioned or delayed. Nothing in this Agreement is intended to prohibit the Lender from
assigning the liens and security interests created by the Deed of Trust to another financial
institution with written consent, which such consent will not be
unreasonably withheld, conditioned, or delayed.
11.Notices to the Lender required pursuant to the provisions of this Agreement shall be
conclusively determined to have been delivered when (i) hand-delivered to the Lender, its
agents, employees, servants or representatives, or (ii) deposited in the United States
Mail, certified, return receipt requested, addressed as follows:
UMB BANK, N.A.
5950 Berkshire Lane, Suite 1600
Dallas, TX 75225
Attn: Douglas Kang
AIR CENTER HELICOPTERS, INC.
Deed of Trust Upon Lien hold
in favor of UMB BANK, N.A.
Page 4 of 8
12.The parties hereto understand and agree that upon expiration or termination of the Lease,
all permanent structures, improvements and fixtures on the Leased Premises, and any
items permanently attached to any such structure, fixture or improvement, will become the
sole property of Lessor, free and clear of all liens, including the Deed of Trust.
Improvements of a non-permanent nature, all trade fixtures, tools, machinery, equipment,
materials, supplies owned by Lessee, furnishings and other non-permanent items -
may specifically be
removed from the Leased Premises in accordance with the Lease. In the event that the
Lease expire or are terminated, Lessee and the Lender covenant and agree that nothing
herein shall obligate Lessor to assume in any way Lessee's indebtedness to the Lender.
Notwithstanding the foregoing to the contrary, if at the time of the expiration or
termination of the Lease there is a default under the Deed of Trust then Lender may
continue its security interest on any Non-Permanent Collateral that remains the property
of Lessee.3
13. Estoppel.
a.The document referred to above as comprising of the Lease is the only document
which constitute the Lease, and the Lease is in full force and effect and has not been
modified, changed, altered or amended in any respect.
b.The Lease is the only agreement between the City and Lessee relating to the Lease
at Fort Worth Spinks Airport and, together with the minimum standards and other
general regulations that may apply to the Lessee under the Lease, contain the entire
agreement and understanding of the City and Lessee with respect thereto. Lessee
is the current holder of the leasehold interest in the premises under the Lease.
c.To the best knowledge of the City, no monetary or non-monetary default by the
City presently exists under the Lease and no state of facts exist which with the
passage of time or giving of notice, or both, would constitute a default by the City
under the Lease.
d.The City has not taken, and does not currently anticipate taking any action to, or
that would, terminate the Lease.
e.Pursuant to the Lease, the Initial Term of the Lease expires on December 31, 2056
at 11:59 PM, with no right to extend the term of the Lease. A hangar rate will be
added to the Lease on January 1, 2049.
14.The provisions of this Agreement shall be self-operative and effective without the
execution of any further instruments on the part of any party hereto.
15.Lessor understands and agrees that this Agreement is for the benefit of the Lender, that the
Lender relied upon this Consent to Leasehold Deed of Trust and Estoppel in making its
3 NTD: Intended to align with existing consent.
AIR CENTER HELICOPTERS, INC.
Deed of Trust Upon Lien hold
In favor of UMB BANK, N.A.
Page 5 of 8
decision to make the Loan to Lessee and that the Lender would not make the Loan absent
Agreement.
16.This Agreement may not be withdrawn, amended or modified except by a written
agreement executed by the parties hereto and approved by Lessor's City Council. Lessee
and the Lender covenant and agree that they will not amend the Deed of Trust, or assign
any rights and/or obligations thereunder, without the prior written consent of Lessor;
provided, however, Lender may assign the Deed of Trust and the obligations secured
Lessor of such assignment.
17.This Agreement shall be construed in accordance with the laws of the State of Texas.
Venue for any action arising under the provisions of this Agreement shall lie in state
courts located in Tarrant County, Texas or in the United States District Court for the
Northern District of Texas, Fort Worth Division.
18.This written instrument, including any documents attached hereto and/or incorporated
herein by reference, contains the entire understanding and agreement between Lessor,
Lessee and the Lender as to the matters contained herein. Any prior or contemporaneous
oral or written agreement concerning such matters is hereby declared null and void to the
extent in conflict with this Agreement.
19.The person signing this Agreement hereby warrants that he/she has the legal authority to
execute this Agreement on behalf of the respective party, and that such binding authority
has been granted by proper order, resolution, ordinance or other authorization of the entity.
The other party is fully entitled to rely on this warranty and representation in entering into
this Agreement.
[Signature Pages Follow]
IN WITNESS WHEREOF, the parties hereto have executed this Agreement in multiples on this the 18th day of September 2025.
CITY OF FORT WORTH:
y'q&,JJY::0,By: V11terie Washington (Sep 18, 2025 16:46:22 CDT) Valerie Washington Assistant City Manager 09/18/2025Date: ---------------
By:� Roger M. Venables Aviation Systems Director
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.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _1_8_th ___ day of __
September 2025.
APPROVED AS TO FORM
AND LEGALITY:
BY : Candace Pagliara (Sep 17, 2025 08:38:16 CD Candace Pagliara Assistant City Attorney
M&C: 25-0797 Date Approved: 08.26.2025Form 1295: 2025-1338548
AIR CENTER HELICOPTERS, INC.
Deed of Trust Upon Lien hold
in favor ofUMB BANK, N.A.
Page 6 of8
Notary Public in and for the State of Texas
ATTEST:
By: r A � ------------] anette S. Goodall CC City Secretary -cc -
Contract Compliance Manager:
By signing, I acknowledge that I am the person responsible far the monitoring and
administration of this contract, including ensuring all performance and reporting requirements.
a���aa�
Barbara Goodwin
Real Property Manager
LESSEE:
AIR CENTER HELICOPTERS, INC.
By: _ �
J mes e en
Ex tive Vice President, Treasurer
Date: $�27/2025
STATE OF TEXAS
COUNTY OF TARRANT
§
§
BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, on this
day personally appeared James Jensen known to me to be the person whose name is
subscribed to the foregoing instrument, and acknowledged to me that the same was the act
of AIR CENTER HELICOPTERS, INC. and that he executed the same as the act
of AIR CENTER HELICOPTERS, INC. for the purposes and consideration
therein expressed and in the capacity therein stated.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this f�� day of �"�'AC�
_ 2025.
'��`"•• CAROLYN NICOLE NEWMAN
:'�•' P"�r-:
'*��� *= My Notary ID # 10637368
: �;TF•o; �'' Expires May 8, 2029
��"�i�•+�r�Pl��� �.�•'`--_
Nota blic in and for the State of Texas
A[R CENTER HEL[COPTERS, INC.
Deed of Trust Upo� Lien hold
In favor of UMB BANK, N.A.
Page 7 of 8
LENDER:
UMB BANIC, N.A.
ATTEST:
By: ` Q' By:
Dou I ang
Vice President
Date:
�/ot8%o�ua �'
STATE OF TEXAS
COUNTY OF ��I� 4('
�d���'�i-�'n
scn;ir �.• prrf=��'
BEFORE NIE, the undersigned authority, a Notary Public in and for the State of Texas, on this
day personally appeared Douglas Kang known to me to be the person whose name is subscribed
to the faregoing instrument, and acknowledged to me that the same was the act of UMB BANK,
N.A. and that she executed the same as the act of UMB BANK, N.A. for the purposes and
consideration therein expressed and in the capacity therein stated.
GIVEN i.JNDER MY HAND AND SEAL OF OFFICE, this
uCUS , 2025.
2$'� day of
Notary Public in and for the State of Texas
�:�,*�� ""' Marfc McKinzie
,....,U�,,� N PuWlc, Shate of Texas
.*` *' �Comm. F�cp. 04/04/2027
'• �� : ` Notary ID 130144244
AIR CENTER HELICOPTERS, INC.
Deed of Trust Upon Lien hold
in favor of UMB BANK, N.A.
Page 8 of 8
Official site of the City of Fort Worth, Texas
CITY COUNCIL AGENDA
Create New From This M&C
Fund Department Account Project Program Activity Budget Reference #Amount
DATE:8/26/2025 REFERENCE
NO.:
**M&C 25-
0797 LOG NAME:
55FWS AIR CENTER LEASE
20E CONSENT TO LSEHLD
DEED OF TRUST
CODE:C TYPE:CONSENT PUBLIC
HEARING:NO
SUBJECT: (CD 8) Authorize Execution of a Consent to Leasehold Deed of Trust with Air Center
Helicopters, Inc. and UMB Bank, N.A. to Enable Air Center Helicopters, Inc. to Obtain
Financing Using Lease Site 20E as Collateral to Expand Aeronautical-Related Business
Activity at Fort Worth Spinks Airport
RECOMMENDATION:
It is recommended that the City Council authorize execution of a consent to leasehold deed of trust
with Air Center Helicopters, Inc. and UMB Bank, N.A. to enable Air Center Helicopters, Inc. to obtain
financing using Lease Site 20E as collateral to expand aeronautical-related business activity at Fort
Worth Spinks Airport.
DISCUSSION:
The purpose of this Mayor and Council Communication (M&C) is to authorize execution of a consent
to leasehold deed of trust with Air Center Helicopters, Inc. (Air Center) and UMB Bank, N.A. (UMB
Bank) to enable Air Center to obtain financing using Lease Site 20E as collateral to expand
aeronautical-related business activity at Fort Worth Spinks Airport.
On or about April 19, 2022, by Mayor and Council Communication (M&C 22-0283), City Council
approved City Secretary Contract No. (CSC) 48506-CA1, a Consent to Assignment to transfer the
lease agreement from Dumont Group Properties VI, LLC to Air Center for a ground lease agreement
for Lease Site 20E, at Fort Worth Spinks Airport. Lease Site 20E consists of 158,735 square feet of
ground space, including a 51,300 square foot hangar. CSC 48506-CA1 expires on December 31,
2056 with a hangar rate to be applied on January 1, 2049. The hangar rate will be equal to the then
fair market value as determined by Lessor's market analysis and will expire with the ground rate on
December 31, 2056. The current annual revenue is $49,207.85, based on the current ground rate of
$0.31 per square foot, payable in monthly installments of $4,100.65.
On or about July 14, 2025, UMB Bank requested a deed of trust on its leasehold interest. The
consent to leasehold deed of trust will grant Air Center's lender, UMB Bank the right, subject to the
previous lien, to operate as Lessee or secure another tenant in place of Air Center, if previously
approved by the City Council, in the event Air Center defaults on its loan or its lease with the City of
Fort Worth. The lease agreement prohibits Air Center from making any assignment of the lease or
causing a lien to be made on improvements constructed on the leased premises without City Council
approval. This type of transaction is routine for airport tenants and staff has no objection to Air
Center's request.
Fort Worth Spinks Airport is located in COUNCIL DISTRICT 8.
FISCAL INFORMATION/CERTIFICATION:
The Director of Finance certifies that approval of this recommendation will have no material effect on
City funds.
TO
Page 1 of 2M&C Review
8/27/2025http://apps.cfwnet.org/council_packet/mc_review.asp?ID=33657&councildate=8/26/2025
ID ID Year (Chartfield 2)
Fund Department
ID
Account Project
ID
Program Activity Budget
Year
Reference #
(Chartfield 2)
Amount
FROM
Submitted for City Manager's Office by:Valerie Washington (6199)
Originating Department Head:Roger Venables (5402)
Additional Information Contact:Ricardo Barcelo (5403)
ATTACHMENTS
2025-07-17 ACHI Form 1295_1.pdf (CFW Internal)
Location Map_Lease Ste 20E.pdf (CFW Internal)
Page 2 of 2M&C Review
8/27/2025http://apps.cfwnet.org/council_packet/mc_review.asp?ID=33657&councildate=8/26/2025
CSC No. 48506-CAl
CONSENT TO ASSIGNM�NT UF
CITY S�CRETARY CONTRACT NO. 48506
UNIMPROVED GROUND L�AS� AGItEEMENTS
FORT WORTH SPINKS AII2PORT
L�AS� SITI: 20�
This CONSENT TO ASSIGNMENT OF CITY SECRETARY CONTRACT NO.
4850G, ("Conse�it") is �nade and ente�•ed into by and between t��e CITY OF FORT WORTH,
TEXAS {"Les�or"), a Texas lla�ne rufe tn€�t�ici�al corporatio�i orga��ized under the laws of ti�e
Siate of 'I'exas, acting f�y ancl tllrough Da�aa Baa•ghdaff, its cluly aEitl�orized Assistant City
Manage►; DUMONT GROUP PROP�RTIES VI, LLC ("Lessee"), a Texas limitec�
lia6ility company, acting by and th►•augl� DANIEL S. PIRAINO, its d�rly a��thorized
Ma��ag��; and AIR CENTER HELICOPTERS, INC. ("Assig��ee"), a Delaware co��poration,
acting by ar�d througli �OHN L. B�AN its Exec��tive Vice Pz•eside�it.
RECITALS:
The foflowit�g inteoducto��y provisians are ti•�ie az�d ca�•��ect and form tl�e basis of t11is
Ca�lsent:
A. On Decembe►� i 3, 2016 {M&C C-28043) City Co�u�eil a�itho,•ized Lessor to enter i��to a cet�tai�i
Ha3lgar ai�d Ground Lease Agreement (CSC Na. 48506) with Dt�inot�t G�'aup k't�op�z�ies VI, LLC,
dated DeceEnber 23, 2016, (the "Lease"), for the lease and use of reai property known as Lease Site
20E at�d at�y improve�nents anc� facilities tliereo�� ("Leased Pj•emises") at l�"ort Waf'th Spi��Ecs AiR�poz•t
("Ai�-�ort");
B. On Ju��e 28, 2017, Lessor, Lessee, and Wilmi�tgtot� Savia�gs Fut�d Society, FSB {"F'irst
I.a�z�de�•") ente�•ed into a Conse�it to Leasehold Deed of Tr��st which was incorrectly 1a61ed with CSC
No. 35803-CA2, a cor�tract tliat liad been termii�ated manths �t'ioz•, it�st�ad of CSC 48506;
C. On June 9, 2020, Lesso��, Lessee, ar�d Gcoupo Pi��air�a, LLC at�c� Dealc Cotnpa��ies, LLC, both
Delativa��e compai�ies ("Second Lenders") enteeed iilto CSC 48506-CD IEC l whicfi was the seco��d
conseElt agreemet�t ente►•ed i�-►to 6y the Lessor related to tE�is propecty;
D. IEt the [atte►• pai�t of 2021 I..essoc was app��oached by Lessee t'eq��esting a thi��d cattset�t to
leasei�old deed of tcust wl�icli was it�teilded, accordii�g ta tlae Lessee, to ailow for the prospccti�e sa(e
of tl�e leasehold intei•est to a futtt�-e teiiant i�l wliich, 0�1 Ap�•if 7, 2022 Lessor, Lessee, at�ci Ca��tla��cl
C�•edit Le��ding Co�•po�•atio�� ("Tl�i��d Lende�•"} ei2tered into CSC 48506-CD2, the third Co��seiit to
Lease9lold DeecE of Ti•i�st;
E. On March 1 l, 2022, Lessee na�i�ed Staff of a proposed sale of its leasehold ir�tei�est i►� Lease
to Assignee, pe�idi�ig City Co�zncil approval; a�►d
Cocisent to Assignmeni ofCSC No. 48506
by Dmnonf Group Properties VI, LLC
to: Air Center Helicopters, Inc.
Page l of 8
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
F. Lessee t�ow wisl�es to assigt� all of Lesse�'s remaini�lg right, title ai�ci interest i�l tl�e Leased
P►•e�i�ises and I,ease Eo Assignee; Assig��ee wisl�cs to accept such assigni��ee3t; and Lessor is willing
to consent to such assigtttnenf, all on the tei•ms and ca�iditior�s set foe•tl� in this Conserzt.
AGRE�M�NT:
NOW, THEREFORE, fo�• goad at�d �alt�abie cotjsideratia�i, tlle receipt a��d adeq�iacy of
wi�icll are he►�eby ack�iowledged, Lessor, Lessee, at�c� Assi�nee agree as fo[iows:
1. Lessor hereby consents to an assigil�rtet�t by I,esse� to Assig��ee of all o�`tit[e ae�d intei•est
in the Leased Pt'einises gt•at�ted to Lessee by the Lease (the "Assignment"), ef�ec�ive as of the
date that L�ssar, Lessee a�ld Assignee l�ave executed tl�is Cons�nt ("�ffective Date"). The Lease
is incorpa�•ated l�ez�eiz� by ��eference for all purposes. The Assignin�r►t, dated as af tlie EfFecti�e
Date, is a public document an file i►� Lessor's City Sec�•eta�•y's Of�ce at�d Aviation Depa►•t��nent
and is incorporated l�e►•ei�� by �•eference far ali pt►rposes.
2. Lessa�' daes not adopt, catify o�• appro�ve any af the pai�tict►iar provisions of the Assign�nent
at�d does t�at grant any E•emaining right, priviiege or ��se to Assi�nee which is different fi•om or
rno�•e extensive tllan a�ly ��igl�t, p��ivilege or t�se gcaitted ta Lessee by tlte Lease. In the ever�t of any
catz�7ici between tl�e Lease a�id t}�e Assignine��t, tile Lease sha[1 caT�trol. ia� tl�e evezit of a�iy conflict
between this Ca�lsent and tile AssigT�xnent, this Co►�se��t shall ca►Ztrai,
3. Lessor cor�sei�ts to the Assigi�n�ent exp��essly u�otl the promise and eavet�at�t by Ass�gnee,
and fl,ssignee [�eceby pro�nises and covena��ts to Lessor, that as of tl�e Effective Date Assignee wi[1
faitl�fi�lly perform, as ar� i��dependent ca��t�•actoi•, ail duties az�c� obligations of Lessee set foi•th ii�
t}�e T.ease. L,esso�• ackt�owledges Lessee l�as i10 d�ities a�1d obligatiot�s unde�� the Lease after tl�e
Effeciive Date,
4. Lessee uncfet•sia�lds and ag�•ces that Lessee wil[ be liable to Lessot• fo�� (i) any duty or
obligatian af Lessee tl�at Lessee was �•equired by tlze Lease tn �►t�ciertaKe or perform pcior to tt�e
Effeetive Date and (ii) any da�nages (subject to the tee�7�s of tEle Lease}, incl��di���, b��t z�ot lur►ited
t4, pE•operty loss, pE�operty datnage and/or �ersanal inj��ry ofany kii�d, i�1cE�ding deatl�, io the extent
cattsed by Lessee, its of�cers, age��ts, s�r�ants, ernployees or st►beontE•actocs prior to tl�e �ffeetive
Date.
5. Assignee ��ndersta��ds a�1d ag�•ees tl�at Assig��ee r�vill be liable ta Lessoi• for (i) aiiy dt�ty oi•
obligaliaii of Lessee that Lessee is i•e��iit•ed by tf�e Lease ta �ndeetalce or perform an o�' afte�� th�
�ffective Date anc� (ii) fo�• ai�y dai��a�es (st�bject to the ter�ns of the Lease), Ii1CIUC�Iilg, b�it r�ot
lizniteci to, �3roperty ioss, propei•ty clamage andlor perso��al ir�j�a�y af any kind, includi��g deatll, ta
tlie extent c�tisec� by Assigi�ee, its office��s, age��ts, sex•vaa�ts, employees o�• s�rbcontracto�•s on or
after tlle Effective Date.
6. TEle pei•san signing tl�is Conse��t he�•eby warrants that he/she l�as tl�e le�al at�tl�ority to
e�:ecc�te this Coc�sent o�1 behalf of thc ►-especii�e }�aE•ty, aild tllat sucll biE�di�lg atiitE�a►�ity has beeil
Consent to AssigF3me€u of CSC Na 48506
by €3umont GroLip �'ropertics V[, LLC
lo: Air Centcr �Ielicopters, Inc.
Yage 2 of &
granted by proper orc�ec, eesolution, oc•dinat�ce oE• othei• autl�orizatia�l of t11e entity. Tlle other party
is fi�ily entitled fio rely on tl�is waz't'anty a�ld repeesentation i�l enterin�; inta tl�is Coa�sent.
7. "�'liis Consent inay be executed in a�ly number af coui�te�•pacts, all af wlaicl� sl�all cc��lstitute
tlze san�e i�istrutnent.
8. All terins i�i this Coi�senl that ac•e capitalized but ��ot cie�ned sl�al[ Itave the ir�eani�lgs
assigned to t[�e�n i►� the Lease.
[SIGNATURES APPEAR ON T�-�E I'OLLOWING PAGES:�
Cansecu to Assignment of CSC No. �8506
by I3umont C,rai�p Propertics Vl, LLC
to: Air Cecnter He[icopters, Inc.
Pagc 3 af 8
�N WITNESS WHEREOI", the parties I�e�•eto have exec€ated this Agreemei�t in i�t�ltiples oi�
this the day of
C�TY OF FnRT WnRTH;
�blGi [�GI�GIGlGfO�
B�r; Dana Burghdoff(Ap 19,20221 :lOCDTj
Da��a B��i•glldaff
Assistant City Ma�lager
�ate: Ap r 19, 2022
M&C: 22-0283
M&C Ap�coved; O�f 1212022
Forir� 1295: 2022-860404
STATE OF TEXAS §
COUN'TY OF TARRANT §
2022.
APPROVED AS TQ FC)RM ANll LEGALITY:
�
� ��_�
By: ��� � " /tC�.c�-b—
'I"hoinas Rayce Ha�lse►�, Assistant City Attorney
ATT�ST: Tqhhe�'fe S. Goo�iqll
By; Jannette S. Goodall (Apr 20, 202212:20 CDT)
Jannette S. Goodall, City Secretary
�
AT
��.n��n
��
p��FORro�o��
o �
p�o
o d
dva �_�
� o �
�� °o
� o ��
� °°�0000a� ,d
���nEXAS��
BEFORE ME, tlle u��dersigned autk�oi•ity, a Notaiy P��blic i�l and fo�• the State of Texas, on
this day perso�lally appeaced Da��a Burghdaff, k�7own to n�e to be the pe��son whose name is
subseribed to the faregoing i«ste�imeni, and acki�ow[edged to rne that the sa�ne �fas the act af tl�e City
of F'ort Wo�•tl� a�7d that lie executed the saine as the act of tiie City of Foj•t Wot•tt� for the pt��•poses
and cansideration tllerein expressed a��d in tl�e capacity therei�i stated.
GIVEN UNDER MY I-�AND AND SEAL OF OF'FICE tt�is day
,2022. Apr20,2022
��
Selena Ala {Apr 20, 202212:10 CDT)
�ParPr, SELENA ALA NO�aly �U�?�1C II] a[iC� �Ol� tl�e State of Texas
� �j °% Notary Publlc
* �i : STATE OF TEXAS
�"�o��* My�omm'E°P'Ma23;28o24 [SIGNATURES CONTINtJ� ON TH� FOLLQWING i'AGE]
Co��sent to Asssgn�nent of CSC No. �18506
by Dumosrt Group Yropertses VI, LLC
to: Air Cenier 1[elicap#ers, Ine.
Yage 4 of 8
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
Ct�ntract C�mpliance M�nagee•:
Sy s�gning I aeknrawledge tt�at I atn the ��eE�s�a�l respoi�siV�ls far t��e ��n�anita�z•i��� and
admii�istcation af this ca��tract, i9lcl�iditlg ensucing alf �e�•foi•mac�ce a�i�l repoi�ting
r•equice�nei�ts.
.
�arbar Goor�wir�
Rcal Pro�3e�-tY M�na�;er
Title
CSIGNATURES CQNTII'�1C]E (�N TH� FULLC)WIP,1G �'AGE]
Consent to Assigninent of C5C tdo. �1$506
by C�omont Grotzp Properties Vl, L1.0
tp� Air Center HelicoE}ters, ]nc.
r�gzsors
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
L�SS��: �'
DUMON �I�UY RO�'ERTIES VI, LLC.
�_ .,.� _�
By: i,� r� — --
c_ F,L S. RAINO
Date: L� � 1 �'f 2`='"i�—
i� t..�w �4-� -
STATE OF '�=E-X-A-�
COUNTY OF �Q�.,� � ��_
���
BEFORE ME, the �mdecsigned authocity, a Notacy Public in and foc the State of ��c-as,
o�l this day pecso�lally appeaced DANI�L S. PIRAINO k�low�l to me to be the pecso�l
whose �lame is subsccibed to the focegoi�lg i�lstctime�lt, a�ld ack�lowledged to me that the
same was the act of DUMONT GROUP PROP�RTI�S VI, LLC, and that he eYecuted
the same as the of DUMONT GROUP PROP�RTI�S VI, LLC, foc the pucposes a�ld
co�lsidecatio�l thecei�l eapcessed a�ld i�l the capacity thecei�l stated.
GIVEN UNDER MY HAND AND SEAL OF OFFICE this _��� day
_��� � , 2022.
_���
MICHELLE N, FRIEDMAN
NOTARY PU6LIC
STATE OF DEIAWARE
My Convnissbn E�kes Aprtl 1, 2024
\_
[SIGNATURES CONTINUE ON THE FOLLOWING PAGE]
Consent to Assignment of CSC No. 48506
by Dumont Group Properties Vl, LLC
to: Air Center Helicopters, lnc.
Pagc G of 8
�es�
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
ASSIGNCC:
AIR CCNTCR HCLICOPTCRS, INC.
[3y:_ � ��,"
JO L BCAN
Date: `'f � �3 % 20 Z Z
STATE OF TEX S
COUNTY OF c YI�I�YI
BEPORE ME, the undersigned authority, a Notacy Public in and For the State of
Texas, on this day pecsonally appeared JOHN L. BCA1�1 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 AIR CCNTCR HCLICOPTCRS, INC., and that he executed the same as the oF
AIR CC1�ITCR HCLICOPTCRS, INC., for the purposes and consideration therein
expressed and in the capacity thecein stated.
. ���
G1V �N UNDER ivlY HAND AND SEAL OF OFFICE tliis � day
�� 1 , 2022.
�� �!� Jennifer Oawn Bryanl
�:`� o My Comminalon Explrea
,�:�:Q 00120t2022
9�`'OF� ID No.128924057
Consent ro Assignment of CSC No. d3�06
by Dumont Group Properties VI, LLC
to: Air Ccntcr I Icli�optcrs, ln�.
Pagc 7 o f S
� �
V �f(! V'� � /
Notary Pu �lic in and • the State of Te�as
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
nacuSign Envslope la: 910BA4A2 B75E 4175�A72E-B5E4E949B516
V�RI�'ICATYON �F SIGNAT'iJ�i� AUTHCIRITY
DUMONT GRUUP Y�20P�RTI�S VI, LCC
2000 RRETT ROAD
NEW CASTLE, D� 19720
Cxecutia�i �f tk�is �4�Ili1�Ut�e Veriiica�tion Fa�•m ("Fca�°rn") l�e�•eby cer•tifies tiiat the fol6o�yi93g
indiuici��als a�yci/ar positions l��ve the atrthority #o legally bin�i O�erator and to execute any ��reeme�it,
amesic�ment or �hange order o�� llehalf af Operator. Such biiiding a�tthoE�ity I�as t�een �ranted by pro�er order,
resolution, o��dij�ance or othee auttiorization of O�er�ator. City is fi4lly entitlecl to rely c�n khe warranty �nd
re}�resentati4�� set fortkl in this Por�tl in ente,�i»g into asly agF�eemenk or aenendment wiiii Operatoe. Operaior
wiii subi��it an updatcd Form wiillin te�� (l0} busi��ess days if theE�e a�-e any chan�es tc� the signatory
aui��ority. City is e9�titled to �'eiy or� any c�i�'rent �x�cuted Form unti,l �t receives a[�eviscd k"o���n t}�at l�as b�en
pa�operly exeeuted by Clpei�atoi�.
Na�7�e: I�aniel '�. Piraii3o
Po���������0 an�l MangeE�
/�txln.�t.(, �, �[V'tz�ln.b
807 54CA3 2 48 ,...
1�Yla Ul'�
Name: Thomas Hugh
P 6�J�l�1Qh�'���
�t�dw�aS Nu�s,
Si���a �ire _
3, Na�ne: Joscpkl A. Martin
Pqsitio�3: Cl�ief 8usi«ess Offcer•
6acuSigned 6y:
,�aS �, Q. M.a�i�n,
tgt3�4��snsaa�a...
ld�,s�ynea ty:
�c��tt.�, �j . �iV'cu�n.e
���� ..
Signat�u�e of P��esident / CEO
Manager
Otl�er Title:
4/13/2(722
Ratc:
CITY �aUNCIL AGENDA
Create New From Tihis M�C
QAT�; 41`f 2I2022 ����REhJC� *"MB�C 22- LOG 5aFW� CQNSENTqSSlGI�MENT GRND
NQi.: 0283 NAME: LEASE 20E, AIR CENSER
CQD�: G TYPE: C0�ISENTPUBLlC �Cl
HEARIIVG:
SUB,I�GT: (CD 6) Authorize Exeeution of a�ansent fo Assignment of Cify 5�cretary Contrac# 48506,
a Ground Lease Rgreement for Lease Site 2dE by Durnont Group Properiies Vl, LLC
lo Air Genter Helicopters, Inc. at Ft�rt Worth Spinks Afrpart
RE�OMMEM1iDAT1C)N:
It is recammended ihat th� City Council authorize execukian ofi a cc�ns�n# to assignment of City
Secretary Contract 485fl6, a grou�ad lease agreemant for lease site 20E by pe�mant Graup Properiies
VI, �.LC io Air Center Helicopters, lnc. �t Fort Worlh Spinks Airport.
DISCUSSIOf�:
On Decamb�er 13, 24'�6, through Mayor and �ouncil Communicafion (M&G) C-2£iQ43, G'sty Council
authflrized Lessor to ex�cuie an unimproved graund lease agre�ment under Gity Secretary (CSC)
485Q6 with Durnont Group Properties Vi, LLC (Durraont), dated �ec€:mber 23, 2016, €or lease and use
of real property known as lease site 20E and any improvements and faciliiies khereon, eonsisting af
158,735 square ieet of ground space ancf a 51,30Q square foot hangar (Lease PreEnises) �t Fort Worlh
�pinks Airporf (Airpart). There were no mandatory vr�tprovements required.
On March 24, 202f3, through Mayor and Council Communicatian (dvt&C) 2�1-0202, City Council
autharized l,essor ta �xecute � Consent to Leasehold Qeed of Trusf with Dumont in favor af Gratrp
P[ra9nD, L�G and Deak Companies, LLC to rafinance a business loan ta facilitate dev�elopm�nt a# lease
site 20E. On February 22, 2022, through Mayor and Cour�cil Cornmunication (M&G) 22-D�f 24, Ci€y
Go�ncil aulhorized Lessor to execute a Cs�nsent to Leas�holc� Deed of Trust wiih �umont in favar oi
Cortland Credit Lending Corparation fb o�kain an addi#ional business loan, us�ng as coflaleral,
improvements an lease site 20E.
Qumont recently notified !he Aviation Department of a request for a consent ta assignrr�ent of the lease
to Air Center Helicopters, Inc. (Air Cenfer) due to a pending sale of its leasehold interest to Air C�nter.
Tft� lease will expire on D�c�mber 31, 2056, with no options to renew. (]n January 1, 2049, a hangar
rate will be added to the lease agreement fa be incCuded vaiih the grnund rafe. The har�gar rate will be
determined in a uniform no�-discriminatory manner in accordance wiih all laws, rul�s and regulations
applicable to the Airpart.
Annual re�enue from ihe lease is a�proxirnately $46,807.81 payabls in monthly instal[ments oT
$3,300.65. Rental rates shall be �ub�ect to an incr�as�e an October 1 st af any given y�ar, b�sed on
the upward pereeniage change in fhe Consumer Price Index �or the Daflas-Fort Warth Metropolikan
area. At na time will fhe adjusked �ate excesd the ihen current raie published in ihe Schedule of Rates
and Charges, Fiva-year rate a�jusfinents are applied to lhe ground rate with the next schedulec!
adjusttrjent can Octob�r 1, 2D22 and every fifth year thereaffer.
Fort Worth Spinks Airport is loeated in COUNCIL DISTRICT 6
�ISGRL INFORMATIOh!lCERTIFICA7`ION:
The Directar of Finance certifies thai upon approval of the above reco�nmendatior� anct �xeeutican o€
ihe lease, funds will be deposited into the Municipal A�rport Fund. The Aviatian Depariment �and
Financial iVlanagement Services) is responsible for ihz colleation and c�aposit Of funds due #a #h� Cii}r.
Fund ❑eparlment Account Projeat Proc�ram Activity Budget Refierence # Amount
fD ED Year (Chartfield 2}
3M
Fund Clepar#ment Account Proiect Pragram AciiVity Budget Refeeence # Amount
1Q IC1 Year {Charliield 2)
Swbmit#ed far Gity Manager's Office by_
Originating De�artment Head:
Dan� Burghdaff (BQ18)
Roger Venables (a4�2)
DfFi�ral ulz oi ihe f;iPY c�f FcillVart}i, Ttr+as
FORT �'4'OR7f I
_..�,�,�_
Addi�ianal Cnformation Contact: Ricardc� Barcelo (54Q3)
Afi7ACHMENTS
Air C riter 5295 Farrrk (ACHI execuiec!),pdf (CFW Internal)
Dumont 1295.�df {CFW Intemal}
FID TABLE_xlsx (CFW Intemal)
Location NEap �2�l.�df, (Public)
EXHIBIT A
ASSiGNMENT AND ASSUMPTION AGREEMENT
Consen[ to Assignment ofCSC No. 48506
by nu��iont Groi:p Properties VI, LLC
to: Air Center Helicopters, ]nc.
Page 8 of 8
ASSIGNMENT AND ASSUMPT[ON O� LEAS�
This ASSfGNMENT AND ASSUMPTION OF LEASE (this "Assiqnment") is made
effective this 15ih day of April, 2022, ("Effectiue Date"), �y and between Dumont Graup
Properkies VI, LLC, a Delaware limited IiabiEity company {"Assiqnor"), ar�d Air Center
Helicopters, Inc., a Delaware corporation ("Assi,�"), sometim�s together referred to as
the "Parties."
WITNESSETH:
WHEREAS, pursuant ta that ceriain Unimproved Ground Lease Agreement for L.ease
Site No. 20� Fort Worth Spinks Airport, more commonly known as City
Secretary Contract No. 48506, attached hereto as Exhibit "A" and incorporated her�in by
reference, by and �etween Assignor and the City of Fort Worth, having an effective tlate
of January 1, 20�7 (the "Lease Aqreement"}, Assignor is currently the [essee of
approximately 158,735 square feet of unimpro�eci ground space at Fort Wor�h Spinlcs
Airpork in Fort Worth, Tarran� County, Texas, known as Lease Site No. 20�
(the "Premises"), being more partic�larly described in Exhibit "A";
WHEREAS, Assignor desires tn assign the Lease Agreement to Assignee, and Assignee
�esires to assume the Lease Agreement in compliance with ar�d pursuant to the terms of
Secfians 16.'[ and 16.2 of the Lease Agreement;
WHEREAS, the City of Fort Worth is willing to approve this Assignment on the conditions
that all terms and conditions af �he Lease Agreement and all reiated c�oc�►r�ents remain
in full force and effect and that Assignee is bound by the terms and conditions of the
�ease Agreemer�t as if it had executed ihe Lease Agreement as an original lessee.
NOW, THEREFORE, in consideration of the mutua[ agreerr�ents cor�ta�ned herein and
other good and valuable consideration, t�e receipt and sufficiency of which is hereby
acknowledged, the Parties agree as follows:
1. Assignor does hereby assign, sell, transfer, and convey to Assignee, all of
Assignor's right, #itle and interest in and to the l.ease Agreemer�t, in the leaseholci
created thereby, and any ar�d all improvements located on the Premises, tn have
and to hold from the Effective Date hereof until th� end of the terrn of t�e Lease
Agreement, as such term may be extended pursuar�t to t�e terms af the Lease
Agreement.
2. Assigrte� hereby accepts such assignment and transfer and agrees to assume and
ta perForm and discharge all obligations, liabilities, duties and covenants of
Assignor under the Lease Agreemen� as of t�te Effective Date hereof, inclucl[ng,
but not limited to, t�e paym�nt of rent, paym�nt of utilities, procurement of
insurance, obligations tn indemnify, compliar�ce with any applica�le laws and
regulations and performance of upke�p, maintenance and repairs af the PremEses,
ASSIGNMENT ANb ASSUMPT[ON O� LEAS� Page 1 of 3
1:10274710015114 U3704.DOCX
where required by the Lease Agreement, whic� may arise on or after the Effective
Date hereof and relate to the period on or after the Effecti�e Date hereof, to the
same extent as if Assign�e ha� originaily executed the Lease Agreement and was
named as the "Lessee" therein.
3. Assignee here�y indemnifies anc� holds Assignor harmless from and against any
and afl claims, expenses, G�StS, obligations or other lia�ilities with r�sp�ct to the
Lease Agreement arising ar inc�rred an and after the Effecti�e Date hereof with
respec# #o events occurrir�g on and after t�e Effectiv� �ate.
4. Assignor makes no representations or warranties of any kind or nature whatsaever
with respec� ia the Lease Agreement or the Premises, whether express nr implied,
any and all such representaiions and warranti�s being expressly disc[aimed,
5. Assignar represents and warrants that there are na agre�m�nts, aral or wriften,
with respect #o the use ar accupancy of the Premises and the improvements
lacat�d thereon other than as cantain�d in th� L�ase Agr�ement. Further,
Assignor represents that the Lease Agreement is in full force and effect, and is nat
in default or subject to defense, offset, or counterclaim on the part of Assignor.
6. This Assignment shall inure to the benefit of and be binding upon and enforceabl�
against Assignor and Assignee and their respective succe�sors and as�igns.
7. This Assignment shall be deemed to be an agreement mad� under the laws of the
State of Texas, being where the Premises is located, and #or all pur�oses shail be
go�erned by and construed in aGcordance with the laws of the Stat� of Texas.
8. This Assignment contains th� entire understanding between ihe Parties wit1�
respect to the assignment af the Lease Agreement as coniained herein. This
Assignm�nt may nat be changed ar modifi�� orally, but oniy by an agreement in
writing signed by the party a�ainsi whom enforcement of any waiver, change, ar
modification is sought.
9. This Assignment (and the City of For� Worfh's Consent to this Assignment attached
hereto and made a par# hereaf} may be executed in one or more counterparts,
each of w�ich shall constiiute an origir�al and ail of which, when taken toge�her,
shall constitute but one and the same instrument.
To be effecti�e the Effec�ive Date provided hereinabove.
A551G�MENT ANa ASSI�MPTiON OF LEASE Page 2 of 3
1:16 2 74 710 0 1 511 4U37ff4. DOCX
ASSiGNOR:
.� — - �
-. _=;� `
.t
By: DANIEL S. �IRAINO
,
Dated: /`' �' "�'� '� , 202�
ASSI�N�E:
By: JOHN L. B�AN
Dated:
ASSIGNMENT ANd ASSUMP710N OF LEASE Pag� 3 of 3
i:�oz74��po� �w� au��aa.ot�cx
ASSIGNO�:
�
ASSIGNEE:
� ,
By: Jc�hn L.. Bean
Dated: .2022. Dated:
ASSIGNIVIEIVT ANa ASSUMPT{ON QF LEASE
I:T0274740fl 15114 U3704.DOCX
Pag� 3 of 3
Exhibit "A"
Unimproved Ground Lease Agreemer�#
L�ase Sit� No. 20E
Fort Worth Spinks Airport
.�
' }�age 1 �f 38�
a2i63U530D 1213�t201G Z:4� P�I FGS 38 �ee: $1C�4.D� SubmEtfer: SIMPLlFILE
�[ecfronically Recarded hy TarrantCountyClerkiE� dffir.iaE P�iblie Records �� .
� U���r �cvs ��.r. Mary Louise G�reia
�aRT�ORTH
� �� ����: .; s� . �:� �l r
STATE �F T'EX1�S §
cov�r�s or ��r, ��Nxorr, Jox�sorr> �.a��c��, �v�� wlsF
1, RONAI.D P, GOI�7A�.LS, Ass€stant City Sccretary ofthe �i#y af �'ort Worth, Texas do
hcrcby cei�.ify t�at t�ie abowe and £ozegoing is a#nse snd correct co�y of Can�raot No, 48506, duly
��resented, a����rovcd, and autizor[2ed by fhe City Council o� tJae Cit� of I=ort Wnr�h, Texas, �t a
regular nzeet"tng held on t��e l3'" day o€ Decezn�bcr, 2416, on M&C C-28043, as sa�e appears of
recoxd itt khe Of�ce o£ fha City Secretary.
WI'iNESS MY %IAt��7 and tt�a dfficial Seal of thc City of I'c�rt Worth, 'T'exas, this the 2$�'
day af i7ccember, 20I6,
' f �� � �
RonttId P. Gonzales, s�siant City 5acreta�y
CitS� af �art Worth, Texas
City Secr�tary's �ffice
C.`ity of Fort Wort��r t66fl �rocl�ortun $sraet*Fort �Vaiif�, i'cxas 7�i102
{817} 392-6i5U�r�'A� (St7j 392-614�
.� a
�oRT�C�RTH
� �
��7�� -c�-��7�
�TATE OF TEXAS §
COUNTIE� OF T�tlt.r�NT, DENTON, JOHNSON, PAItK�ER, ANrll �N�SE . §
Z, RONALD P. GONZALES, Asszstant Czty Sec�•etaay of t�e City of �'ort Wort�, Texas c�o
hereby certify t�at the abave az�d foregaing is a t��ue and cozx•ecfi copy of Contract No. �SSOb, duly
pz•esented, app�•oved, and authorized by the City Council nF fhe City nf Fort Worth, Texas, at a
zegular rneeti�g l�eld an the 13��` day af Decezr�.ber, 2016, ozz M&C C-28043, as sa�e appea�•s of
recnrd 'uz tile Off'ice of the City Seczetary.
W��`NESS MY ITAND and the Official Seal nf t�e City of Foi-� Worth, Texas, this the 28`�`
day of Decemher, 2016.
!
ic-�- ' `�'r�
Ronald P. Gonzales, sistant City Secretary
City o£Faa�t Wortkz, Texas
Cify Secreta�•y's Oft"ice
City of I'ort Warthit10�0 Ttu�oc�x3arton S1�eet�Foai Wo��h, Texas '76102
(8i?) 392-6150�rFAX (817) 392-6i96
�
� , � , ,
�`o�x'�o�Tx
��7�� yt�-�a��{
s��A�rE o� T�xAs §
COUNTIES Ok TARRl�NT, DENTON, JOHNS4N, �ARI�R,I�ND WISE §
I, RONALD P. GONZALES, Assistant City Secreta�•y of the City of Fort 'GVc3rth, Texas do
he�•eby ceriify t��at the above azad �azagoi��g zs a ti�e ar�d cozreci ca�y af Co��trac� No. �$506, duly
pz•��ented, ap�roved, ai�d auth.oz•ized by the Ciiy Co�ncil of the City of Foi� '�Jc�z•fh, Texas, at a
zegular �zieeti�tg k�ld on the J 3t�' day o� Decembe�•, 2d16, an M&C G28043, as san;�.e appears o�
record zn the Office of the City �ecretary.
WITNE�S MY HAND and t11e Off'zcial Seal of lhe City of Fnrt Worth, Texas, tl�is the 2g`�'
day o� DecembeX•, 2Q 1 b.
/
�t-�- ` �?'r�
Ronald P, Gonzales, sistant City Secz�tary
City ofFor� Worth, "I'exas
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City Seci•eta�•y's t)ffice
City ofFort Worth*1QQ0 Tf�rociclnoi�iai� St�'eei7�CFoi•t Wa�•th, Tex�s 7b102
(817) 3I2-6150�rTAX (817} 392-6I96
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F(?RT WORTH SPINI�S AIRPORT CDNTRAC7' N0. �'�I �, ������
�:�ANGAR AND GROUND LLAS� AGR�EMENT
LEAS� Si_TES 20�
"i'l�is HANGA�t AND GR[)UND �..�A.ST AGREEM�NT ('�Le:�se"} is inade ai�r� ent�i�ed
i��to by ��zc! i��tween t�ie CITY pr F�RT WQRTH ("Lesso�-"j, a l�o�lae �•��le �r�ux��ci��al
ca��po�•atian o��ga��izac� «nder the laws of tlie 5tate of Texas, actiizg by 7�id tlu�n��g�a Fernanr�o Cost�t,
its duly ait�l�o��iz�c� Assistai�t City Ma�iager, �nd D�[11VIQ�VT Git(]UP PRO�'EI2.TZGS V�, LLC
("Lessee"), a Delatv���e Lixnited Lisi�ilif�� Coit�p�ny, actifig �y atld t��1at�gi� I{evin 1VI. 'W�►rga, its
duly a��tliorized Ma�3a�e��.
AGRE�MENT
Ill COIlS1CI�1'c�fiUli Of tl�e mut�ial cavc��ai�is, p��oniises ancl abligatioaxs cantaineci he��ein; ti�e
��a�•ties a�,��e as fc�lln«rs;
1.
2.
PRQP�RTY L�A��A,
�;essoi• ��e�•eby dez�3ises to L�ssee 158,735 sq�iare f�et of' grot�nd space ("Grou��d Sp�ec"),
i�Ycludi�ig a 5�,3Q0 sqtta��c� faat laaia�;��� (Tf Ht`i1I�TRI`F'), Imawn as Lease 5ite ZOE, (��Pr�e�nises"),
a114oz•t Wd�•ti� Spii�lcs Aii��a�� ('�Airport") �11 Foit Wol��i, Taz�-at�t Co��nty, Tex�s, as show�t i��
I����bit "A", a�tached hereto aticl n�ade a pa�'t af tl�is L�ase for all ptirposes.
TERM OF LEAS�.
2,1. Iniiial Ter�m.
Tli� initiai tee��� of the Lease {S�Ini#ial Ter�tn") sl�all commence al 12,D(? a.��i. on
����;��y I, 2�1'� ("E�fective D�te") at�d expi�e at 11:59 P,]VI. ay� llecern�ae�• 31,
20SG, ui�less te�minat�d �a��li�►' as p��ovided he�•uin,
`I`lte �ottt-�d x�ate describeti iu Sect�oii 3 t�elow will �egin on ti;e Effeeti�v� Date of il�e
l�ea�e ai�d continue tlu�ougl� the full teim o�t}�e �ease Agt'eemeaat.
On ,�anunty 1, 2(i�9, a l�angar i•ate will 1ae added to tlae T.,ease Ag�•ee���►ez�t a��d
iucluded witl� #l�e gro�uid �•ate pursua�it to �ectian 3 below. The hangai� r�t� will be
�{]Lir�� t� t�18 i}l�ri F811� Markei V�[�ie, as dete��ni��ed by Lesstir's ma�•ket analysis a�1d
w?ll expire witli t��e g�•aunt� r�fe on Dece�nber 3I, 245G. Tlte ��angar ��atc will be
ciefermined it� a unifor•in no�i-�iisc�uninato��}� �i»rinea• in accoi•dance with �ll
applicafiie laws, ��uI�s ai�d re�Eilations a�plicabI� ia th� Airpoi�,
uun�or��� c�:au��, �.�.c �►����I��, ���[��I�
i3�ngarai3�1 Ciround Lcasa �s�T� �1�����'���'
E,easc S itc 20F.
For� Watth S�i�if:sAf�ort �'�� ���'��i ��
Pngc k af21
�.2. �oldovei•.
if Lessee holds ove�� ai�er tlie ex�iration nf the It�itial Term or any Rcncwal Tertn,
tiiis actzoz� will cz•eate � z�onth-io-nnaa�tl� iex�a��cy. In tl�zs evc��t, foz• at�d d�3a•ing tlie
l�oldov��� period, Lessee agc•ees tn pay all a�plicable rentais, �'ees and cl��•ges at the
z•ates p�•ovided by l.�ssa��'s �claed�ale a� �ates araci Ch�•ges o�• si�niiazly publzsl�ed
scl�edule in effect at tlie tinze of tF�e �-Inldovei•, 'The �anga�• rate wvill l�e adjt�sted to
equal the #het� i�aic• Mai•ket Vah�e, as c�ete��ninec3 by Lessor's �naricet a�i�lysis. �n ��o
case shall t�ie han�ar rate be less thaii tiie ��alue assessec� upon complction of a
prope�•ty ap�z•aisal coz�.pleted by a#�xird pa��ty vex�dox• tl�at ��as bee�� ap�roved aud
scc��red by Lessoi� . A ten percent (10%) incr�ase vsriil be added to tlie Fair Ma��lc�t
Value i�aia until a new lease a�,��eeme��t is a�pz�oved and executed. The holdovez•
��rind vvfli nnt exceed six (6} montl�s fi�om ihe time the cuii�ent iease agre���lent
expi�•es. Upon tl�:e expi�•ation of tl-►e ��oidover period, the Ciiy i�1ay exercise all legat
rigl�ts a�id r�medies ar�ailable, iiicludi�ig �ut ��ot Iirnited to eviction.
3. �x�NT.
3,�. Rafes �nc� A.djustrtte��ts
Tl�e �e�atai rates under this Lease are based on Lessoz�'s c�ir�•en# pubiis�ed Sohedule
of Itates a��d Cha��ges desci•ibed on Exhib3t �4�" attached he��eto and made a par� of
this Lease for all purpases. Renfial rates ��•e subject to iz�c��ease �eginniz�g Oetabe�� 1,
2017, and an Octo�er• ls' of a�1y subsequent ye�• during tfze Initial Tetin, to ��eflect
an� i�pwa�•d cl�angc in� the Consu�nez• �'�•ice I��dex iFo�• �he Dallas/k'oz•t Woz-t�
Metrapolitan-as an�o�rnced by the United Stat�s Departmer�t o£ Labor ar successo��
ageaxcy (z) �az• the �zst ir�ct�ease, sin.ce the Effective Date of this Lease and {ii} for
each subseque�it 'rncrease, since the efFectiv� date of the last inci�ease; provided,
houTe�ex•, tk��fi Lessee's rental rates shall not exceed tlae then-cu�•A•ent t�ates p�•escz•ibed
by Lesso�•'s p�blished Schedule a�' Rates at�d Cha��g�s �'or fh� ty�e o� types a�
propeziy sin�ilaa� to the #.ype oz• types af pz•o�e��ty that connp�•ise �l�e �'�eznises.
3.1..1. Hang��• Rate
�,essee s�Zall conune�lce tl�e payrnezzl of �•ent fo�• the �angax� an .ianua�y 1,
�049. Lessee hereby promises and agt-ees ta pay Lesso�•, as a�nual �•ent �ax•
tlie Hanga�•, the then Fai�• Ma�•ket Value, as deterini.��ed by Lessor's market
anaIysis,_w�ch analysfs sl�all �e ��uifnrm a��d na�x-discriminato�y and
ca��►plia�it witl� all applicable lavvs, z•u�es azad regulations ap�licahle to the
Ai�port, A Le�se Amendn�ent will be di•a$ed t4 ���ctude the ��angat• �'ate.
3.1.2 Gro�nd Rate
Lessee sh�Il commence the payrnen� of rent for tl�e G�oU�td Space on the
��f'ectzve Dafe. Lessee ��e�•eby �z•orr�ises and agi•ees to pay Lessor, as at�nual
�•ent for the Grouj�d Spac�, forty�two thausand, eigirt hL�nd��ed �fty-eigl�►t
dollars at�d fo��.y-five cents ($42,858.45), at a i�ate of' twenty-sevetl cei�ts
n�uMor�r r,itnuP, r��,r
Hangar and Grou��d I,casa
I.eascSife?Af:
Port Wodl� Spinf�s Airporl
P:�be 2 af 21
{$0.27) pez• squa�•e f4ot, payable i�� eq«al i�iant��y ins#allti7ents of tl�re�
tl�ousa��d, �vc li�zndred seveiity-o�i� doilars anc� itfly-fo�ii• cents (�3,5'11,5�).
3.2. Five-Yea�• Ac�just�ne��fs
In additiax� to the Aninial Rent AdjY7stm�tits, oi� Ocfoi�er 1, 2022, ar�d eve�y �i�� (5'�'}
year the�•eaf�e�• far tlle �•en�ainde�� o� tlxe Initia� Tet�m (i.e, a�i O�;toi7er 1 si of 2U2'i,
2032, 2037, 2{14�, 2Q47, a��d 2Q52), �'eiit siiall autoynaticaliy be adjusted io eq�aal thc
then c��rrent ��at�s p�•�sa�•ibed �ay the �ol�ed�le of Rates a��d Clafuges for ihe type or
13'pes af ��•operly at i��e Aizpo�-t similar ta the tv�e o�� types af �roperty tl�ai coz�ap��ise
tlic �'�en7ises.
3.3 �a ment D��es and Late �`ees.
Mon�l�iy rent pa�nients ax�e ciue oz� o� be�'o�•a the ��•st (lst) day af eac�i �nonth,
Payme��ts must 6e �eceived dutii�g nqi•rr�aI business l�aues by tli� due date at the
Iocation �'o�• L�ssor's Av�ation Depar�t���ent set �o��Eh in Sectioa� �S, Rent siiall be
cansidered �ast c�ue if Lessa�• i�as ��at x•eceivcd �il payment by clase of business t[ie
tenth (l Oth) day of the month fnr whicl� �ayment is due. Wi#hot�t li�nitin�, Lessoz�'s
termi�iation rights as �rovided by this I,ease, Lesso�• wi�( assess a Iate ��nalry charge
of tel� pe�•cent (10%) p��� montli oz� tl�e ent�re balance of any over•due rent t�at Lessee
�nay acci�te.
4. CO�ISTRUCT��N AND IMPROVEM�NT5,
4.I. X)isc��ei�o�aiy �mproWe�nents
Lessee may, at its sole c�isc�•etion, per%��m �nodi�'zcations, z•ez�o�atians, iznp�•ove�ents
or othe�• constzl�ction wa��k on any tract of the Premises, Lessae rnay no� initiate a��y
dise��eti�naiy i�n��rovernent or� or to the 1'�•en�ises c�niess it fzst submits all pla�xs,
speci�ieations a��d es�imates �ai• th� casts of same to Lessor ui wi•itin�, and also
ree�uests �d recaives in wrifing app�•caval frnm. T,�s�n�'s i?i�'ectot• c�� /1i��nt•t SySteni�
ar autliorized x•ep�ese�tative (!'Ai�•ector"}, Lessee covenai3ts aild agrees that i� shali
fi�lly co�nply with all prnvisie�ns oF this Seatzon � in t�e coa�st�•uction of any sucl�
disc�•etiona�y i�npxovetnents, Lesso�� s1�a11 promptly re�riew, cansider and �r�.ai�e a
dsoisian o�n approval of sael� plans, specificat�ons and estirnates, which a�pz•oval
shall not be urzreasonably witlah�ld, dela�ed or conditinned. Upon completion of
a�iy stach Disct•etion�y Ii�prnrrernents or th� tezrninatian of this Lease, Lessar shall
talce fulI title to any Disc��etzonaty Imp�•ovemen�s on the Premises.
4.2•. Dacu�t�ents.
LESS�� Shall Supp�y the Dil'ec$or With CbiTlpi'eh�nsiVe Set5 oi [�aCllmEritatt0�1 i�elative
to any disc�atianacy itnprnveinent, incIuding, at a n�ini��um, a copy af t��e Ceztifiaate
oi Occupancy, a complete set of Record Dravvings aiidlor As-Built Di•awings in
Adobe �DF and AttfoCAD forrriats, ai�d a Summa►y of t�-►e total cosdvalue of flie
discretiotaazy itt�.pzaven�ents,
Ai�hiO3�i'1' GIt�UP, I.I.0
Ha�igar mtd Cirou�id Lcasc
i.e�'�se 5ite 20E
Fart Wor�N 5pii�ks Airport
Pagc 3 of 2l
4.3 Bo�xc�s �te �ir•ed of Lessee.
�'x�ior to the con��ie�lcemei�t of any Zznpa•oveanent, Lessee s�►al( �ieli�c�' to Lesso�' a
bond, exeeti�ted by a coxpc�i`ate s�atety in accordazice with � exas Goveznment Cnd�,
Cl�a�ter 2253, as amenclec�, in ti�e fu11 az��o�nt c�f eacl� coz�sh•uctinn co�ih�act oa�
project. Tl�e �aoz�ds s�ial[ guarantee {i) saiisfactory eompiiance by Lessee with ail
appliaable �eqi�ir�ments, terms aud condiiions of tl�is Lease, 111CI11C�1i1�, but alot
iimited to, tl�e satisfacto�y co�npl�tian of tli� res�ective Tmproven�enfs, and (ii} fiall
payrner�ts to all �ersoils, �11'TI1S� co�•pox•ations aa• otkzez• entiiies wit�� whom Lesse� h�s
a direct relationslup faa� the car35tructiq�l of Suc�3 Ilnprovelnellts.
In lieu vf tl�e zec�uired l�oy�d, Lessee may p��o�ridc Lessat� vvitli a cash depasit ar an
Assign��:e��t a£ a eei�ific�te oi d�pasit in an auiouni eytaai to 12S% a� tJze �u12 ainauii�:
of eacl� aonstruction cozztract aa• pz•oject. If L�sse� niakes a cash deposit, Lessee
shall ��zot be exatitled to any inte�-est earned thereon. Certificates of de�asit shall be
fi�oin a�inat�cial anstitution in tl�e Dallas-FQzt Wor#h Metropalitar� Area wlxich zs
insurec� by the Fec�eral Deposit Insura��ce Co�poration and acceptable ta Lessar. The
interest earned on the certi�cate of deposit s��ail be fiz� propei�ty o� Lessee a��d
Lessor sha11 l�ave �ao z•ights in scrc�Z intet�esY. If Lessee �ails to carnplete the z�es�ective
Izn.pz�o�e�netits, or i� clai�ns are iiled by fhix•d paz•tzes ptt gcoujids i•elati��g to sucl�
Improvernents, Lessa�• sl�all be entitled to draw dovsm the firll amo�i�it of Lessee's
G�5i1 (I��]OSIt or ceiiiiicate of depasit and apply �l�e proceeds to coinplete the
Improvei�7ents or sa#isfy t�e c�airr�s, provided that any balance slYall be �•eznitted to
Lessee.
4.4 Bonds �e ui��ed Qf Lessee's Co��traeta�•s,
P►�iar to tl�e cominencezx►cnt of an.y discreiiona�y �n�rovement in excess of
$1 QO,OQ0.00, each, of Lessee's cont�•aata��s sltall execute and deliver to Lesse� s��reiy
�e�•foi�xnance and paymeyit bo��ds ir� accordance wit�i the 'S'exas Got�ernment Code,
Chapter 22�3, as ar�a�nded, #n covet` the costs nf ail �wn��k �e��formed unds�• st�cl�
conh�ac#or`s cont►�act w�th Lessee, Lessea si�all p�•ovide. i,essox wikh copies of such
bonds prior to the co�nmetzcernea�t o� s��ch disc�•etia�ta�y imprnvern�nt. The bonds
s�3a11 g��a�<uatee (i) the faitlifi�l parfo�•mance and campletion of all coiistivction war�c
in acco�dance vvith tlie final plans and specificati�ns as appra�ved by Lessor, a�id (ii)
fiill payment fo�• all wag�� far Iabor and seivices anci of aiI bills �'or materials,
si�pplies and �quipn��nt used iz� the pez far�nance ai the cansh i�ction canti��ct. Sucl�
bonds sliali nar�e both Lessor and Lessee as dual obligees. If Lessee sexves as its
o� contractor, Sectioi� 4.5 s�all apply.
4.� Rc�cases b�Lessor Upon Coml}I�#�on o� Constructian VVa�•k.
�.essoz wiil ailow Lessee a dalla�•-fa�•-dollu reimbu�°sement fiom its cash d�posit
aecount o�� red�iction of its olaim upon Lessor's certiiicate o£ deposit ta tl�e exfent of
cons�.•uctio�� casts paid thi�augh tl�at c�ate upon {i) wh�z�e Lcssee serves as its ovvi�
eontracto�•, ve��i�ca#ion that L�ssee has eompleted cons�t•uctioz� woz•k, o�• (zi) whei�e
pUA70NT GlZ{)UI'e 4LG
l l�ngnr and Growid Lc7sa
Lu�si Siie 20E
Fort 1Vo�tlt S[�inks Air�ort
Pagc 4 of 21
Lessee �ses a eo�xtzactoz•, z'eceipi o� tl�e co�t�•ac#o�''s invoice and ve�•ifcafio�t thai: t1�e
cont�actor lias con�pieted its wo�•k and released Lessee tn the extent c�f Lessee's
payznent �'o�• such wa�•lc, including biils paici af�c�avits and �zaal waivers of lietzs.
Any �inused amou�nls in #�ae e�sl� depasit acca��fit vvill b� refit�zd�d ta Lessee upc�n
fii�al completio�i of tke co�ist�•ixctioi� wo�•k,
5. iJS� OF PR�MYSES.
Lessec h���eby a�rees to �ise the P�•e�xaises salely �o�• aviatio��-�•elated put�pases o�ity and
sh•ictly in acco��dance wiih ihe tecros and conditions of this �,ease, Lessee sliall ��ave the
rigl�t to Sll�7IQ�5� the Premis�s oz� a�ay po��tion tl�er�of to its affliate Du��ant Aircraf�
Maitkle�la��ce, LLC {"Du�r►ant"), ar�d other thu•d �ai•#ies �fj�7UEl�C5SCCSl�) far aviatiai��r�lafed
�i�rposes oi�ly undez• te�•txas an.d cot�ditioa�s acceptable to and de�et'mined hy Lessee, pro�idecl
tliat all sucla a�•�•az�ge��aents shal� be in writing and, e�cept fai• a sublease ta Duinont,
ap�roved in ad�ance I�y Lessoz, suck� appxoval not ka i�e u�u.•easo�xaUly witl��eld, delayed dr
Gonditioned. All written a��eements executed by Lessee to Sublessees fot� a��y partia» af th�
F�•�mises sha!! contai�l terms a��d conditions t��at (i) do not co�iftict witl� Lessee's duties and
obligations under this Lease; (iz) i�eo�•po�•ate tl�e tea�nns and p�•ovisions o� this Lease; �iii}
zeshict the use of tlze Premises to aire�°aft storage or otl�er aviation or aviation-related
p�uposes acce�table ta Lessoi; and (iv) treat users of tl�e s�n�e or su�,stantialIy sin�ilar
facilities i�� a fair and x�az��discriminatnry manner. Lessee shail i�se a sta�ldard lease form
for all Sc�blessees and s��all si�bzx�it a copy o1F sucl� standard lease �o��m to t}�e Di��ecto�� pz�iox�
ta Lessee's execution a�' its first lease a�zd from time ta tirt�e t�ereai�er �pllqwitig any
mate�-i�t changes to such lease �o�•zn. Lessee r�ay n�alce non-�a�ezial modi�'ia�tic�ns to its
standard lease ta the extent ti�at sucl� are not contr•aiy to Lessor's Sponsor's Assu�•a��ces
�wit��out t��e prior written cai�sent of Lesso��.
6. R��'ORTS AUDITS ANTi? RECO�DX�EP�NG.
Within t��it�.y (30} days fallowi��g the end af each calendar yea�•, Lessee sl�all p�ovide Lessor
wit�i a wz'itteii aimual repoi�t, in a fortn acceptable to the Director, that i•�flects Lessee's �•entai
t•a�s fna• t�e itti�mediately ��receding calendar year. Lesso�• may request, and I,essee shall
prornptly p�•o�ide, similar r�poi-�s on a rr�or� fi•�qu�n� basis that reflect Lessee's rental �•ates
nn tl�e Premises for the pe�•iod �•eq�ested hy Lessor. These ce�oi�ts shall �e delive�•ed ta
�,essax�`s Depa��imea�t af A�iation at tne address �rovid�d in �ection 15. I�� addit�on, Lessee
s��a1i keep ancf �naintain t�oolcs and records pertaining ta Lessee's oparatio��s ai the �i�•port
a��d other obligatians hexe��nder in a manne�� reas�nabIy satisfactoiy to Lessn�•'s Ii�cer�lal
Auditox�, whicl� wiI1 be delivered ta tl�e Pren�ises upon Lessor's written r•equesi. U�on
Le�sar's request and �altowing x•easo�iable advance y�otice, Lessee vvili make such bnoks and
records available fnr review by Lesso�• during Lessee's y�o�•mal busi��ess l�oux•s. Lessoz, at
Lessa�•'s sole cost anc� expense, s1Yal1 have the right to ��e�iew s��ch books and records iii
orde�• to enstu•e compliance witI� ti�e �e��ms of ilus Lease and the Sponso��`s 11�.ssu�•ances n�arie
by �.essa�• #o the �'ede��al Avia�ion Adtninistration.
7. UTILITX��.
n�n�ror�T r,Raut�, �.�.c
Han�nr na�d Grnund Leose
i.casc Sitc 20L
�'PT: �Of��l .5�137iC5 fiEfpDlt
PHgc 5 nf 21
Lessee, at Lessee's sole cast and expei�sc, shail be res�ozasible for ti�e installaiian aixd use o�'
alL utility se�•�ices to �Il �oz•tio�as of tlie 1'x�exnist�s at�d �'o�' all otl�e�• �elated utility ex�enses,
inc�uding, but not limited to, deposits a�ici expef�ses requirecl foi• tl�e i��stailatian of inete�s.
Lessee fia�•the�• covenazats ��d ag��ees to pay alI costs �r�c� ex�enses For an�' �7{i�riS10I1,
111�1T1tCi1�TiC0 OT' P��7�.11' Of c�Ti� a�1d all utilities se�vin� the Pre�nises. �n addilian, Lessee
a�rees t1�at a11 tzti�ities; ai�• col�ditioni�ig and heating equip�x�ent and other
electrically-operated ec�rii�met�t w��iclf may bc used on the preinises sl�all fitlly cornply witlx
Lessor's Mecha�ucal, Electrical, Pluan.bing, Baiidi��g and �`i�•e Codes ("Cc�des'"}, as tl�ey
exist ar may l�ereaft��• b� ainended.
8. MAiNTENANCE AND REPATRS.
8.i. 11�aiutenance �nti Repairs by �,e�see.
Lessee a�rees to kee� and �naintain the P�•en�ises in a goad, clean and sanita�y
condition at ail times, reasonabie weac and tea►• �nd damage caused by casualty
e�cepted. X.essee covenal�ts aitd agrees that it �v�ll yiot make or suffer any waste of
tlte P�•emises. Less��, at Lessee's sole cost and expense, wili make a[l re�ai�•s az•
replacements �ecessa�y ta p�evez�t tl�e deterio�•ation in conditidt� or vaI�te of the
1'remises, iticludi��g, but not limited to, tl�e maintena��ce of and repau•s to all l�at��;a��s
an.d atl�ea• s#z•a�chires, doozs, windows and �•oo�'s, and ail fixtures, equ�p�xent, hai�gar
rr►odificakions a��d surrounding pavement ou th� Premises. Lessee shall �e
res�onsible faz aIi da��ages caused by Lessee, its agents, serva��ts, employ��s,
eont��actd��s, subcanteaeto�s, licensees o�� inr�it��, and Lessee agrees to fiaiiy �•e�ai�• all
such dama�es at �:,essee's sole cost asid expense.
Lessee ag��ees tl�at ail improvemenis, t�•ade �xtu�•es, fizrnishings, eq�iipme�it a�id other
personal p�•ope��y a� eveiy ki�1d or description which rnay at any tiin� be on the
�'re�nYses sl�all be at Lessee's sole l�isic ot• at the sole x•islc of t�ose clai�ning und�r
Lessea, Lessoz sk►all not be liabie �ar ariy damaga to sucl� prope��.y ot• lass suffered
by Lessee's business c��• business ope�•ations, wkuch �nay be eaused by the bursting,
ovet•�Inwing or tealcir�g n� sewer �r steaiyi �i�es, fi�arri water• fi•�m any �nvt•ce
whatsaeve��, Q�• frozn an.y l�eating fixtu�•es, pli�xnbin�; fixl��res, eleetx�ic ��ix�es, noise,
gas o�� odors, or fi�on� caus�s of a��y ntii�i• mat�er.
$.2�. Com�aliance v�iti� ADA,
Lessee, at its sole cost and expense, agrees td keep and maintain ihe Pren�ses in full
compliance at alI tinnes with tl�e Az-�e�icans with IJisabiliti�s Act of 1990, as
ainended ("ADA"). In addition, L�ssee agt'ees that all im�ravements it makes at the
flirport shall com�aly witli alI ADA ��equiretnents.
8.3. Inspectio�s.
8.3.1. Lessor sI�all laave th.e �•igk�t and pzivilege, tlu•ough its o�£icers, a�;ents, sez�vants
or employees, to i�speci t17�e P�'en�ises. E�ccept in the event oFan einez-gency,
Lesso�• sha�l cax�duct suclz inspectiozas du�•ir�� Lessee's azciina�y business
��un�or�x r,n�ur, r.r.c
Hnng�e m�d Graund E.ease
Lcasc Sitc 20E
I�ori Wo€€h Spll�ks A3rport
Pnge G of 2l
l�oi��•s at�d s(iall px�avide Lessee at leasc two (2} i�ouz•s' aaQtice prior to any
1135�7eC�1017.
8.3.2. If Lessnr determi��es dcirin� an it�s��ctinn of tl�e Premis�s that L�ssee is
responsible undei� tltis I.ease far any m�inte�iance o�• r'ep�it�s, Lessox sha�l
notify Lessee in �w�•itin�. Lessee agcees to bagin suc11 maint��ia��ce or repaic
woxlc diligeaat�y vvitl�in thirt3' (30) d�.ys fallawi��g �•eceipt a� sucl� ��otice a��d
to then complete suci� ���ai�itenance or ��epair wnrk witt�in a���asonable tinle,
co�isidering the nat��re o� the work ta be dane, If Lessee �'�ils �o begin tlie
1'�CD1T11?"1�i1C�� IT1c�It1��11�t1C� Ol' 1'��}c�lP5 '47J1��ilI1 SL1CI1 �(iTle nl• fails to co�nplet�
the, mai��te��ax�ce a�• �•epai��s witl�ixX a��easnna[�le time, Lesso�• xnay, ixx its
discretion, afte�• w�•iite�i notice to Lessee, per�'orm sitch anaitzte�a�ice or�
x'epaia:� o�t �el�alf of Lessee. In fihis event, �.essee will xeiznb�aa'se Lessa�' �oz'
the cast o� the �ai�7tenance or repai�•s, w��icIt cast Lesso� sl�all p��o�ide to
Lessee in w��iting, incl��ding suppo��ti��g ciocu�nentation, anc� s��cla
�•eimbu�•seanent wi�� be due c�a� tl�e date of Lessee's next �nontl�ly ��e�zt
payment following completion of the inaintenance o�• �•epairs.
8.3.3. During any inspectioi�, Les�or inay perfarin any obligatio��s t�at Lessor is
authorized ar ceqi�ired to perfor�n u�lder tlie te�•�ns oi tl�is Lease o�' put'suant
to its gave�•nn�antal duiies c�nde�• fed�x�af, stafe or local lar�•s, r�iles oi•
�•cgulations.
8,3.4. Lessee will pezmit the City's �iz•e Maz�shal a�� �is o�� he�� autho��ized agents to
ii�spect tl�e pren�ises and �,essee will com�ly with all requir��n��1ts of tl��
Fu•e Marshal or his o�• l�e�• auti�ozized agents ihat at•e necessa�y to b�•i��g the
Premises into complianc� with the City of Foa�t Woi�h �'iee Cod� and
Buildii�g Code provisions regarding fixe safery, as such ptovisions exist or
may he��eafter be arnenc�ed. L�ssee shail mainYair► in propec conditioi�
accessible fi�•e extin�ishez�s of a nurnber and ty�e ap�roved hy the Fire
Ma�•shal or lus or t�e�• auth�rized aget�ts for th� particular l�aza��d invo[ved.
8.4. �n�i��nr�mer�fiai l�e�tediation.
Ta tiie b�st �F L�ssor's lcnor�vlec�ge, tl�e Premises comply t�vith ai1 a�plicable �ederal,
state and locai envi�onmental �•e�ulations oz� s#andaa•ds. Lessee agrees that it I�as
ins�ectec� tl�e Preinises a►id is fiilly ad�ised of its ow�i ri���ts witl�out xefiance u�or�
any representation znade by Lessoz• conceznin� t��e envi�•or�.tnental conditi�n ni t�e
Preinises. LESS`EE, AT I7S SOLE CO,S`7'AND EXPENSE, AGI�E,S` 7'HA�'IT
SHALL BE FULLY RESPONSI'BL� FOI� T��E R�ML'D1'ATIOIV OT ANY
�'�`�LA2"lDN QF ANY AP'PLI�ABL� FEDERAL, S2".t�TE t1R L4CAL
ENIlXR4Nli�'aENT.�.� REGU.,�.A.TXaN D�t SxAN.+Dt1RD THAT IS CAFIS�D BY
LESSEE, ITS OTTICERS, AGENTS, SERVANTS, EMPL4��'L�'S,
CONTRACTOR,S, SU.BCONTRACTORS �R INVITEES.
9. SI�NS,
AUA10I�7` Cl2QUP, I.I.0
Hnngar siEd Ground Lcasc
I.c�sc S iEe 20�
Fori Wvrllt S��i:�ks Air�ort
Page 7 of 2l
Lessee may, at its sole ex�ense a�id with the prio�• written appx�oval of the Di�•ectp�•, wluck�
appro�val sl�all ��at be t�t�reasanably witl�l�eld, delayed at� cotu�itioned, install and maintain
sig��s oi1 ihe exte�•iaz of the Premises reiateci io Lessee's �usiz�ess aperations. ���cl� si�ns,
however, �nust be it� lcceping with the size, colo�•, Iocation and n��nz�cx• of display of oth�r
sigils at ti�e �1iz•po�•t. Lessce shall maintain all sucli si��is in a sa�e, neat, sighily and
���ysicalIy good canditio��.
10. RIG�TS AND R�S�RVATIONS OT` L�S�OR.
Lessor I�e�eby x•etai��s the foliowir�g z�ights and �ese�•valions:
�4,1.. Lessox' reseives the right to tal�e at�y action it consid�rs necessa�•y to protect tl�e ae�•ial
app��oaches of t�e 1Lu�ni�t against absfrR�ctioi�, including, l�t�t nat li�nited ta, tlie �•i�;ht
to pz•evez�t Less�e fratn erect�ig o�� pe��mitting to be e�•ected any buildin� az other
struc�ti�•e wl�ic��, in fihe opir�ion of Lessa�•, vwot�ld li�nit the �isef�rl��ess of tl�e Ai�•�o�-t,
cons#itute a l�azard tn aire��aft a�• dizx�uush the capability of existing oz• fut���•e
avigational or navi�;atioz�al aids usec� at tlie Ai�por•t,
1U.2 Lessor rese��ves tlze �i���t to develop and imp�•ove the Airpori as it sees fit, rega�•clless
of the des��•es ax• view of Lesse�, a��d witl�aut i��te�•.�ezei�ce or hindranc� by o�• on
l�ehalf o�' Lessee, provid�d tl�at s�cl� development a��d iznpzavex�e�� s]�all i�►ai
unreasonably �nter%re witl-► Lessee's use and enjoyment of tlae �x•emises liei•eunc�er.
Accardingly, nothing contained in this Lease shall l�e construed to abli�ate Les�n�• ta
�•�locate Lessee as a x�cst�It of any sucll flupoi� develop�ents az• i�npro�remenks.
�0.3 Tlus Lease slnall t�e s�ibordinate to the pravisiozis af any existin� or fut�re agreemezit
betweezi L�ssor and tl�e Un:ited States Goveriu�lent, which x�elaies to the ape�aiion ar
mainfenance a� tl�e Aii�o��t �nd is requitec� as a condition �o�� tiie exp�nditure of
�'ederal funds �oz• the developn�ent, �naintenance or �•epaix• o� �i��ort infrasti�cture.
I�i the event that any �uch existit�g oi• fut��re agx•eement d'u'ectly ca�ises a;naterial
�esi��ictian, impairn�ent or int��•�'erenc� with Lessee's pri�naiy ope�•ations on ftie
Pi•e�niscs {"LimiE�►ti�n") fnr a pex�iod of less ti��i� seveil {'7} c��ys, d�is T..��se shatl
ca��tinue in full fo�•ce and e�f'ect. Ii� the Limitation Iasts n���•e tl�an se�en (7) days,
Lessee and Lessar shall ��egoti�te it� gaod faith to z�esal�e az r�itigate t��e ��'fect of ihe
Limitation. If Lesses and Lesso�• aze in gnnd faiti� t�nable to resolve or �itigate the
effect of �he Li�niiation, and the Limiiatioi� las#s between; seven {7) and o��e hu�idred
ei�l�ty {1$0}, then for sueli pe�•iod (i} Lessee may ��rspend fihe �ayment of any x•ent
due �ereunde�•, but c�nly z� Lessee fi��st provid�s adequate pz�oo� lo �.essor that �1��
Limita#ion has di�•eetly cat�sed Lessee a material loss in revenue; (ii) subject ta
ozdina�y vvear a�nd tear, Lessc�z• shali maintaiii and preseive the Pt•e��ises and its
imp�•ovements in tl�e s�me cvndition a� tiiey existec� on the date such Li�nitafioYi
canimenced; and {iii) the te�•m o� this L�ase shall be extended, at Lessee's o�txon, fo�'
a pez•iod equal to ihe du��ation of such �imitation, If �lie L'unitation lasts max•e thaY�
one hundred eigl�ty (180) days, then (i) Lessor and Lessee may, but shall not be
req�3ired to, (a) fui�flier adjust t��e payme�it o� rent and ot%er �ees o�� cha�'ges, (b)
x�e�;egotiat� maintenance �•espaa�sxbilities a�id {o) exteaid the tex,txa of thi� Lease, or (ii)
DUAtONT (:ROLJI', I.i,C
f l�Eigar nnd {irai��d Lease
Lciue Stle 2ilE
Far� Warllt Spiuks Airport
P�+gc 8 of 2 i
Lessee n3�.y teraninate tlus Lease ��paz� tluzfi.y (30) days' �,rritt�n aYotice to Lessoz•, or
{iii} Lessee may e�ei•cise any att�er• Iegal rigl�ts ar re�nedies availabie to it.
1Q.4 Du�•iz�g any war o�• na#innal e�n�rg�ncy, Lessnr sliall have tl�e �•igl�t ta lease at�y part
of the Ai��po�•t, iriclt�din� its �andi�t� az�ea, to ilte Ur�ited Stat�s Ga�et•nment. It� this
e�ent, az�y p�•avisions o�tliis it�shi7m���t whicl� �'e inco�tsist�t�t with #l�e provisions of
t��c lease to tl�e Gove�•��e�at sl�all l�e suspea�ded. Lessor shall nof be liable £oz• a�y
Ioss or da�n�ges alle�;ed �ay Lessee as a��esult c�f t�iis action. However, nothii�g ita
tliis Lease s�iall preve��t Lessee fi•om. p�az�sui�g any ri�hts it may lia�ve fox•
r�in�bursement fi�am tl�e Ui�ited 5tates Ga�vernment, I#' a�iy lease 6etwee�� Lessar
and �he Uiuted States Govex•�ntnent executed put'sE��nt ta t1Zis ��c�:ion 10,4 directly
cau€ses � Li�nitatio�� �o�• ��e�•iod of less tiian sev�n (7} days, ttus Lease sl�all continue
in full force and �%fect. �f fl�e �.imifatian lasts more t(ian savetl(7) da�rs, Lessee and
Lessoz� sl�al� ne�otiate ii� good faitli i:o resoIve or mitigate t��e effect o:f the Lin�itation,
If L�ssee and Lessoi� are i�� good faitl� i�nable to x•esolve or mitigat� t�ie effect of the
Liniitaiion, �r�d the Liznitatioz� lasts between seveE� (7) and nne hundreci ei�l�ty (X 8q}
days, then for such period (i) Lessee �ay sus�end tl�e payn�e�-�t of any �•ent du�
liereuilder, but only zf Lessee f���st pz'ovides aciequate provf to Lessor tl�at tlie
�.imitation has dicectly caused Lessee a inaterial ioss i�i �•evenue; {ii) s�ibject to
orc�in�iy �vear and fea�, Lessa�• sl�all mau�tair� and preseive tlte PrenYiscs and its
inapt�avements in fhe sa�ne conditioi� as they existed o�. the date �uc�� Limitation
comm�i�ced; and (iii) the term o�t�ais Lease �I�a[t be ext�nd�d, at Lesse�'s nptiou, %z�
a periad equai to the duration of such Limitatio��. If t�ze �,iznitafiian lasts mo��e than
one hundred eighty {1 SO) days, then {i) Lesso�� and Lessee may, but shall i�ot be
rec�uired to, (a) fui�th�r a�ijust tl�e payment of re�ii and otlae�• fees o� cl�az�ges, {b}
renegotiate n�aintenance ��esponsiE�i�ities and (c) extend the terni o� this Lease, or (ii}
Lessee �nn.ay tel�ninate this Lease upon thirty (34) c�ays' w�'itteta notice to Lesso��.
�O,S Lesso�• cavenants and agrees that during ihe tez•zaa of this Lease it will ope�•ate and
maintain the Airpoi�t at�d its facilities as a�ublic airpa�t cansistenf with a��d �7�usuant
to tiie Sponsa�•'s Assui•at�ces (as defined ii� FAA Campliance Manual S 190-6b) �,ive�
by Lessor ta th� iJnit�d States Go�e��t�nent tl�•augli t��e �'ecler�l AuparY Act; anc�
Lessee agrees that tl-us Lease and L,�sse�'s �•i�l�ts and p��ivileges he��eur�dez• shail l�e
subordinate to the Sponsor's.
10.G Lessee`s a�i�hts here�r�zder shall be subject ta ali existi��g and fiature utility and
drainage easeznents and �igl�ts-o� way graf�ted by Les�or foi• the installatioza,
r�aain.tena��ce, inspection, re�air or remaval af £aailities owneci or operated �y electi�ic,
gas, water, sewer, Gflli1I121111iC��10ri Ol Of�lEi' ill'I�l�.j+ COTT1p7i11�5. LS95C��5 1•i�hts shall
addiiionaliy be subjecf to al1 rights granted by any orc�inanee oa• statute w�icai allows
«tility companies to use pubiicly-nwned prap�i�y fnr th� �r4vision oFutility services.
10.7 Lessor ag�•ees Lessee sha11 I�ave ti�e rig�lt of in�ess and egress to and :Fi•om the
1're��ises by n�eaus af` roadways fot• automobiles and taxiways fox� ait•crai't i�tcl��ding
�ccess durin�; tl�e coa�sh�ictian phas� oi aii�part irr�prov�inenfs, l�nless othe��wise
agreed to in writing hy bot�� parties. Such rights shall be ca��►siste��t witl�► ttte aules and
regulatioi�s witli respeat ta the aceupancy at�d i�se of �ir�oz� premises as adopted
Ai1M1t01�7' G[t()i1P, I,LC
Hangar and Ciround Lense
I,caxc $i�e 2DC
I`arE Wottl� Spinks Airparc
Page 9 of2f
fi�on� ii�ne ta tii�ae by the City of � ort Wortl� �nd by tlae Fed�ral Aviation
Administration ar �i�y otlier sta#e, �'ede�•aI c�z• Iacal �uthority.
ll. �ll�SURANC�.
Lessee sl�a�l p�•ac�ti�e auc� �nait�tai�� at all tin�es, i��. fuli �'o�•ce anc� e��'eci, a�alicy or policies of
it�surance as specified he�ein, ��amiil�; thc City of Foi�t Woz�tl�, its O�'�eers, Ei�i�loyees a��d
Volunteex•s as aYa additional ii�snred a�id cavez•i��g a11 public rislcs related to tl�e leasi��g, use,
occup��icy, mair�te�ai�ce, existe��cc or location of tl�e P��emises. Lessee shali olataii� tt-►e
rec�uu•ed insurauce in accocdance w�tl� Exhibit "C", fhe "City of Fort VJorth Aviatioza
Insux�a�xce Requirenienfs" at�ached het�eYa and tnac�e �3art o�'tl�is �.ease fo�• a11 pur��oses,
In addition, Lessee sI�all be a��sponsible for all ii�surance for constx•�ictipn, impror+ements,
naodificatiaxis az re�in�vatinns to th� Pre�nises anc� faz persanal prope��y af its own or izx its
care, custody or co�itrol.
� 11. Adjustmenfs to Requiracl Caver�e aX�d Lx���its.
Xnsurance z•equireinen#s, includin� additianat types o.f co�erage and inc�•eased lirrxits
on e�cisting cove��a�e,s, are s�bject td c��ange �t Lesso�'s o�tia�� a��d as �lecessaiy to
cover Lessee's and any Sublessees' operatio��s �i fhc Airpo��t, Uessee will
accordiilgly comply with such new requireme��is witl-un thi��ty (30) da�s £ol�owi;i�
natiee to L�ssee.
11..2. Ce�•fificates.
As a conditinn precedent to the eftectivei�ess oi this Lease, Lessee shall .fuz7�isl�
Lessar with app��op�•iaie ce��ifteates a�' i�isura�ice signed �y the respective insurance
can�►panies as prnof that it has obtaix�.ed fihe fyp�s and arr�aunts of insu►�a��ce cavex•age
rec�ui��ed lie�•eii�, Lessee he��e�iy covenants anc� agrees tliat not less than thirty {30)
days p�•ioa� tn th� expiration of any insuz•�nce policy t'equit•ed hereunder, it s�all
provide Lessor with a n�w ar re�i�wai ce��ti�c�t� nf inst�rance. Tn additio��, �..essee
sl�all, al Lessor`s request, pravide Lesso� with evidence that it has i��a�ntained sucl�
cove��age in full force� �nd effect.
X 1.3. Additiau�i Requirezne�ifs.
Lessee shall maintain its ins�z•ar�.ce wi�h u�idei�n•iters autlio�ized to do business in
the State of Texas a�ic� wluch az•e �•easo��ably satzs�actn�y to Lessnr. The polzcy o�•
policies of i.�isurance shall be enclarsed fo cav�r aIl oi �,essee's opex�atioz�s at tlze
Aizport, to gra�rt additional insured stah�s to ttie City, its Officers, Ernployees and
Volunteers, and ta pa�ovzde fhat no rnaterial cha�ges i�i covez•age, ���cluding, but not
liinited to, cancellation, ternnina#ion, no�a-renewal oi� amendment, �ha1I be made
wit�iout thirty (30) days` pz•io�• written notic� fa Lesso�•. Lesso�• s��all be respo��sibie
for notifyiz�g tlie City of' any chan�;e to its ins�u•ai�ce cover�ge that �rnenc3s or• alters
ihat coverage required by this Iease.
A[)hi[3i�iT GIipUP, LLC
iiangar m�d Ground Leasc
Let+su Si[e 2QE
Pori �Vor�Ei Spi�Eks Airport
P�ge ] 0 of 21
l2, IN�)EI'�NDENT CONTRA.CTOR.
Il �s e���•essly widerstoad and ag�•eed fl�at Lessce sliali o��era#e as an incle��ndez�fi coiitractor
as to all �'ig�Zts �nd privileges g�•anted l�erein, a�1d ��ot as an a�en#, �•epreser�fative or einplo�ee
af Le�sor. Lessce sl�alt l�a�� tl�e exclusive ��i�;lit to contral tlie details af its operatio��s a��d
acti�ities on the P�•en�is�s and sliall be solely a�esponsible �`oz• the acts and a�nissions c�f its
of�cers, ag�nts, se�vanfs, ex�ployees, contractoi's, si�t�confractors, �at�•ons, licensees and
invitees. �,essee acicarzowIedges that ih� doctcine of r�espor7deat sx�1�ef�ror shall �iat ap�ly as
l�e�ween Lessar aud Lessee, its officex�s, agents, ernplayees, cnnh•actors a��cl sul�coattractors.
Lessee fi�z�tl�e� ag�•ees that aaathing t�e�•ei►� shall be constz•ued as the c�'eatiol� of a parfn��'si�p
a�• joint ei�tci��rise between. Lessoz and Lessee.
�.3. IND�MN�T�CATION.
LESSEE H�I�LBY ASSUIVI�,S` ALL L.�A13,ILI�'Y AND It�SPONSll3IL.��'Y FDR
PROPERTY LDSS, PRDPERTY DANI�AGE AND/OR PE'R,SONAL 1'NJURY 4F .ANY
KIND, INCLUDING DEATH, TO ANY AND ALL PERS'OIITS, OF A1VY �'CIN� OR
CHARAC�'ER, WHETH.�R REAL QR ASSERTED, ARISIN� OU�' 4F 4R rN
CDNNECTI�N WITH IT'S USE OF TH�AIRPORT UND�R THIS LEASE OR i3�IT.�`
T1�1'E L�AS`I1YG,11�AINT.�IV�#.1VCE, USE, OCCUPANCY, �XISTEIITCE OR LOCAT�`Q.1V
4F �""H�` .PR�MIS�S, EXCEPT TO T��E EXT�NT CA�ISED T3Y T.HL' GROSS
NEGLIGENCE OR I1V'T'EIVTIONAL MZSCONI7UCT OF iE�SO�, ,ITS OFFXCERS',
AGENTS, SERVAIVTS Ol� �MPLQYEES
�DURXNG THE TERM OF THIS LLAST, LL'SSE'E COVENANTS AND AGRF.ES �'O,
A.1VD DO,ES TO 7HE EXTENT ALL4WEll BY LAW, WIT�IOUT WAIVING A1VY
.DE.FEN�S`.ES PROVIDED BYLAW, H.�RE13Y Z1V'DEM,tVZ,�'Y', HOLD ,F1'ARMLE�`S AND
DEFEND LL�'�SOR, ITS OFF1'CERS`, AGEN7S, SERVANTS �N.0 �1V.�.PZO�'E�'S,
FRO.IVI .�1VD AGAI"1115'T ANY AND ALL CLA�MS OR LAti'SU.��'S ,FO.R EITHER
PR4PEI�T'Y DAMAGE OR ZOSS, INCLUDIIVG ALLEGED DAMAGE Dl� LOS,S TO
LESSEE'S BrISI1VESS ,9NA ANY RESULTING L4,�T PIt01�'ITS, AND/OR
P�RS`[)1YA�, �'IyJ71_ItY INC.I,rIn,TNG i�E�47'F�, TO ANYAND ALL PF_14SQNs, OFANY
ICIND (�R C.�X�tRAC�' {'1�, WHETHER R.EAL aR ASSL'RTED, ARXS1`.1�VG (i�1T OT OR
I.�V C4NIV�CTIO.N W.ITH L�`SSEE',S D"S'E 4F TH� Al'RPO1�T rINDEft TH'1'S LL�'ASL�'
OR WITH THL' USE, L.EASIIIT�, 1t�ATNTENANC,�E, 4CCUP.ANCY, EXISTENCE pR
LOCATXDN a�' 7'�-IE PRE�'XS.L�"S, EXCL*PT TO �`HE .EXTENT CAUSED BY THE
G1�OS�S NLG.LXG�',NC� D.R �1VTENTIONAL M�`SCONDUC�' 4F LESSOR, ITS
o�.�re��sa�.��vrs, S'ER�ANTS OR EMPL4YE`L'FS:
LESS.EE ASSLTMES ALL RL'SPONSl'BIL�'TY AND AGRE�`S' TD PAY LESSOR FDR
ANY AlYD AL� .iNJU�''E�' Ol� DAMA�ES TO LES�50R'S PR4PERTY i-YHICH
ARXSE pUT 4T OR IN CO�NNECTrD1Y WIZ'1�'ANYAIV.D AZL AC�'S OX� OM1'SSIONS
OF �ES'5��, 1'TS OFFICERS, AG�NTS, E1VIP.�OYEL�'S, C4NTRACTORS,
5��13e`ONTRACTOR.S, LICENS�ES O� I.NV.ITEES, EXCEPT T� THE EXTEN7'
CAUSED L'�' T�"E GROS�' NEGLIG�NC� O�{ IIVTENTIONAL M.�SCDN�DUCT 4�'
LE,�,SDR, �T5 OFFIC�RS, A�EN7'S, SERYAIVTS O.?'t EMP��YEES.
nun�oN�r c��c��r, [.Lc
Ha�Egarand Grou�i�E Leuse
Lcasc Sile 2��
Part lyartlt Spii�s Airport
Pngc I1 of21
LL+'SSDl� 170L"5` 1VOT GUA.R�NTE,E .t'OL,�CE PROT.�C�'IO,� TQ LL'.��'E% ANY
S�II3LESS'��S OR THEI'R PR4PE.RTY. L�SSOR IS O]3LIGATED ONLY TD
1'ROCJXD� SL'C�IRI?`Y ADEQUATE TO ,lV�IIN�'A1`N LESSOR'S CERTl'FIC'A7"ION
U1VD�`� .1�'Afl REGULAT�4NS. LES�'E� SHALL COIVIPLY WITH ALL
AP.�'L.ICAI3LE REGU�ATIONS OF TIIE FAA RELATZNG TO AZRF4R �'" S.�CUI�ITY,
LESSEE S�.�iL.i. PAY A�� �'�'1VL'S �'M�'OS�b 1�3�' T��"E �"�iA O1V i,�',S'S0.?� d.�2
LES`�TE ItESULTIIVG TROM' L,�:"S`SEE'S 4.R ANP SU.?3L�SSEES' FAILURE TO
C4MPLY WITH SUCH F�4 REGULAITXONS 4.T� TO P1�EVENT UIVAUTHORIZED
PERSOI�TS Ol� I'ARTI�S �ROM DI�TAINING ACCESS �`4 THE AIR 4PL�'1t�?'IONS
ARE'A OF THE AI1'�PD�2�'.1�'.R4M THE' PREMISES
1�. TERMINATION.
In additiori ta talii�inafion rights containeci eisewhe�•e in this Lc�sc, X,essor shall have the
�•igk�t to tex°n�i�ate this L�ase as follnws:
� 4,1.. Failu��e b Lessee ta Pa Renf Fecs or Uthei• Char es.
If Lessee fails ta pay atry rent, fees or othea• cl�arges due ii�id�r tl�is Lease, �,essoz•
shali deliver to Lessee a wi•itten invaice and �ot�ce to pay tlte invoice within ten (l0}
days. I�' Lessee �ails io pay the baiance outstat�din� withii� s«ch time, Lessor shall
have the righY tn termi��ate t�iis Lease i�xuaaed'zately.
14,2, Bxeach o�• Default by Lessee.
Zf Lessee commits �ny b�•eacl� o�� default, otiier than Lessee's failu�•e to pay �•enf,
L�550T shall delivez� �va�i�ten natice t� Lessee specifying t�e nature oi such breach ar
de�ault; provided, hawever, if sucl� breach or default cannot reasoi�ably be cu�•ed
withia� thic•ty (30) days, ilien Lessee shal� have such periQd of tirne as is reasonably
necessa�y to c�are sucl� d�fault, sp ia��g as T�essee �rom�tiy ca�nmenees s��cla ou�•e
and diligently pursues same to completian, Lessee shall l�ave ttlirty (30) days (nr
slFch lnnge�• �erind as �zrovic�eci ahove) foiIowing sueh w��itten notiee tn cut�e, adj�st
oz• cox•xect the pz•obl�m to the s�andard existin� prio�• to the breach or default. Tf
Lessce fails to ci�re t�1e br�ael� or default within such time pez•iod, Lessor slaall l�ave
the �'ighti to terrninate tlus �,ease itnmediately.
14.3. Abandonment ax• NoM�-Use af the Premises.
Lessee's abandon�nent oz• a�on-use a�the P��emises for any raaso� �'o�• mox•� t�1ai�. t��zrty
(30) consecu��vc days, other tl�a�i fo�• renovatioi�s, aiteratio�s o� because af a casualty,
shafl constiiute graunds �az• inu�nediate terminaiion af this Lease by Lessoa� if Lessee
fazis tv occupy the �x•emis�s vvithin ten (10} days after written notice fi�on� Lessor to
Lassee.
14.�4. Lessce's �`i�a��cia� Obli�ations tn Lessor �pon `,t'ex�nii�ation, Bi�eacli ox• Aefault,
DUhtON'�' (�ROUP, LLC
Hn�EgarnEid ('srou�il Lcase
Lc��sc Sile 20F
1�ost Wortl� Spinks Airport
Pnge 12 ot'21
I� �.ess�r tern�inates tlus Lease fo�• any �ion�pay�nent af �•ezxt, �ees ox ot�aer charges or
for ai�y otl�e� ba•eac1� ot• default as p��ovided in S�ctious 14. �, 14.2 ar 1�.3 af tliis
Lease, Lessee shall b� liabie f'o�• az�d slaall �ay ta Lessor a11 �•eilt due Lessn�� for t�e
reniaincier af ti�e te��m then in effect as well as all ai•re�ra�es of ��entals, fees and
charges �ayable hereunder. In ��o e�ent shail a z•e�a�t�•y o��to aa• �'��ettii�g af tl�e
�'��ei��is�s by Lessa�� ue cnt�strued as an election by Lesso�� to forf�it a►1y Q#' its �•i�hts
ui�clet� ihis Lease.
19.5. Ri�hts of Lessor �[T�on Ter�ni��atian or Expi�'afion.
Updn tErmination or expi��aliozi of this Lease, �ll rig��ts, pou+ers a�ld p�ivi�e�es
gra�lted ko Lessee l�e�•eu��cie� sl�all cease anct �,essee shali vacate tlie Premis�s,
W�tk�r�� twenly (20} days foliowi»g the effectiv� date of te�•��aination ox• expitation,
Less�e shalI rema�=e fi•orn t��e �'remises all i��ad� �xh�ces, tools, machinei�y,
ec��ii�i�lent, rnatet'ials ai�d supplies placed o�� t�te �'z'e�x�is�s by Lessee p��•suai�t to this
Lease. After s��cl� �ime, Lessox� shall have ti�.e �•ig��:t to ta�ce ft�ll passession af t11e
�'�•em:ises, by foa•ce if necessa�•y, and io remave a�1y and all pat�ies and �z•opez�y
re�naii�ing on a�1y pa��t of the Premises. T�essee a��•ees that, i�� the event o� a lawfi�l
ter���i�latiox� lie�•eunder, ifi will assert no claim ot' any �ind against Lessoi•, iis �gea�#s,
se�•vants, ernp�oyees or represei�tatives, which may s�em fiom such lawiul
�erinination of tliis Lease oz• any ac� incid��it to L�ssor's assei�tia�i of its rig��t to
te��tni�iate or Lessor's exercise of any x•i�hts g��anted he�•eaz�dez�.
1 S.
lb.
NOT�CES.
Notices �•equi�ed p��rsuant to t�ie provisions of tius Lease shall be conclusively dete�•m.in�d to
tiave been deli�vered (i) w�.en laand-deliv�a•ed to #��e othe�� party, its ag�nts, employees,
sezvants oa• x•epzesentatives, or (ii) five (5) days ix�o�n tYze dafe on which sucl� z�otice is
deposited in tl�e Uiiited States Mail, postage ���epaid, addressed as %liows;
Ta L�S�OI�:
Cxty of Fo��t Wo��th
Aviation De�artrr�ent
�241 N Main St, S�ite 200
Fart Wor�l� TX 76106
To L���EE:
l�ur�ont Grou}� F'�•apei�ies VI, LLC
Attention: IC�vin M. 'L7ila�ga
200� Ba�ett Raaci
Nevv Castil�, DE 19720
With a manda#o�y c�py to:
Joseph A. Ma�•tiz�, Esq.
Martin Law Firnl, LLC
1 S2l Go��cord Pike, ,Suite 3� 1
Wilmi��gtnn, DE 19$03
ASS�GNM�N`�' ,A�ND SUBLETT�NG.
IG��. Xn Gence•al.
nC3117()�€'I' Gltl?Uf', L,L,C
1 [n,3gs�r an�1 Groi3nd [.ease
I.casc Siic 2Q�
Part WoriEi Spi�tks Airpart
P�ge 13 af21
Lessee sl��l! have th� right fo s«blease fli� Premises (or at�y portioii tllereo� as
��•ovic�ed by a��d i�a aceo�•dance with Seation S dF ti�is L�as�, Dt��e�•wise, Lessee sli�il
not assign, sell, convey, sublease o�• t�•ans�ez• ti�e eniirety of its rights, p�•ivileges,
d�tties o�• intez•ests ��•a�ated 3�y #his Lease wit�iotit the �d�vance w��itten cor�se�i� �f
Lessoa�, wl�ich cons�nt sl�all »ot he unz•easonably witlihelc�, delayeci or conditioa�ed.
Notwithstandin� the foregaii�g, Lessee may assigu this Lease witl� Lessor's ca��set�t
to a��y entity tl�at acc��rires all n�• substa��tialiy all Uf Dumartt's ass�ts.
].6.2. Co�c�iiia��s of A��roved_Assi nt_�___nc�#s aixd S�b�ease.g.
I� Lesso�� coi�se��ts to a��y assi�;nxnant o�• su�lease, aIl tertns, co�lena�ifs ataci
�g��e�m�nfs set forth in tl�is Lease shall apply fia f1�e assignee or sublessee, and such
assi�nee or s�iblessee shall be t�ound by ti�e tez�ms and conditions af tlus Lease tl�e
san�e as if ii ��ad o�•i�inally e�ecuted t�us Lease. 'The faiiu�°e or• refusal o� Lassa� to
appzove a requ�sYed assigr�nient o�• sublease sk�all nat �'elie�e Lesse� of its obli�;ations
l�ereundet•, i�lcluding payment of rentais, fees and chacges.
17. L��NS BY LESSEE.
Lesse� ac�owledges that it has no authoz•ity to engage in ai�y ac� o�• to make ai�� contract
w�ucl� t�iay create o�� be tlae foundatinn for a�iy Iien �pan tlie p�•ape�-€y o�• interest in the
prape�•ty of I,essa��. �t� any sucli pucported lien is created oa• �led, Lesse�, a� its sole cost ai�d
exp�nse, sl�all liquidate ar�d aischarge th� sa�t�e wi�thin thirty (30) days of sttch creatian or
filing. Lessee`s fail�re to discliarge a�iy suci� pu��po�'ted lien shai� constihtte a b�'each i�fthis
Lease fnr which Lesso� shall pravide �•itten notice hereunde�� and thi�-ty (30) da�s to cure
sucl� braael�, failing which Lessor may te��minate lhis Lease by writ�en notice- to Lessee.
Howeve��, Lessee's f�n�cial �bligation to Lessor to ii���idate and discharge suah lien siiall
cantinue in effect fallovving termiu�ation of ti�is Lease and ua�til such a time as t�ie lie�i is
disc��arged.
�.5. TAXES AND ASS��SSM�NTS.
Lessee ag�•ees lo pay any a��d alI �'ederal, state nr �ocai tax�s aa• assessn�ents wh�c� may
la�rfully be levied against L�ssee dt�e to Lessee`s iise ox• occupancy a� the Premises or any
imp��n�ements or propet•ry placed ox� t�e �'retnis�s by Lessee as a resuli of its occupancy.
19, COMPLIANCE'VVITH LAW�, ORDINANCE�, RUL �S AND �2�GULATIONS.
Lessee covenants a�id agrees tl�al: it shall not engage in any unl�wful use of #I�e �'ren�ises.
Lessee fui�tller agrees that it shall not permit its of£'icers, a�ez�ts, sex•vants, employees,
Cbl]fi1�CtQi'S, subcanf��actors, pata•oz�s, aacensees or in,vitees to e�1�a�e in any �uilawftal use af
the Premises and �.essee �nnlediately shall x•emo�e fiazn the 1'reinises aa�y person engaging
in such tn�lawful activities. Unlawful �sc of the P�°emises by Z.essee i#self sh�ll const�tute an
i�nmediate b�•each af th#s Leas�.
Lessee agrees to �om�Iy with all feda�•al, state and Locat laws; alt ox•di��a�ces, rules and
regu[ations of Lessor; all rE�ies ax�d ��egu�ations estaUlislied l�y the Directar; and all »les and
v�rvro�vr c�zaur, �,�.c
}[ni�gar and GroEEud I�case
Lcasc Sila 20E
Purt �Vnrth S��inks Airpart
rngo la oe2l
z•eg�.ilatia��s ada�ted �y tlie City Cou�lcil �ertaia�ing to tl�e coz�c�«ct ��equi��ed at air�orts nvvi�ed
ai�d o��erated by t�e City, �s suc� laws, ordi�iaiices, rales and reg�latiniis exzst a�• x��ay
I�e�•eafte�� be ame��ded o�• adopted. If Lessax� z�otifies �,essee a� a�ry of its office��s, �gci�ts,
�t�7ployees, coritc�ctoi•s, subco��tz•actors, licensecs o�� invitees of atiy r�ialation of s�ich laws,
o��dit�ances, r��1es or regr�lations, Lessee aiid its of�ce��s, agezxts, e�x�ployees, coi�t�•ac�nrs,
suhco��trac#ors, iicensees ar invitees sl�aE] i��nmediatel� desist f�•oni and carrect tl�e vialation,
20. NON-DISCRIM�NA.'�'�ON CUV�NANT.
Lessee, for its�:lf, its �erso��al rep�•esentatives, successors in inte�•est and assig�is, as pai�t of
tlte ea�side�'atiDn l�ereui, agrees as a covenattt r�it�iing wit�� tl�e lanc� tl�at xaa �ez•san sliall be
es;cluded fi•oi� participation in or der�ied the bene��s of Lessee's use of the Pre���ises an #l�e
E�asis o� race, caloz•, z�ational o��i�in, �•e�igio��, disability, sex, sexc�al ozien#atzo��, transgetadek,
gendc�� identity o�• gencie�• expression. ��ssee further agrees fo�� itself, its p�rs�nal
represcnt�ti�re�, successo��s in interest and a�signs t�at a�o 4�e��son shall be excludect fi�o�n tlie
px•avisiott o��ny seivices oai or in the coi�sti�uction of any improvemez�ts o1 alte��ations to tlie
Pr�mises on g�•o�inds o�` z�ac�, color, national origin, �•eligia�i, disa�iliiy, sex, sexual
o��iea�tation, transgender, gender identity or genctez• exp���ssio�i.
�.essee a��ees to fi�rnisl� its accommodatians and ta price its goods and seivices in a
cornmeraiaily ��easat�aUle manne� to ail pecsqns in accnrda�ice with all applicable laws,
oz•dinances, rules and regulatio��s, Ifl c�C�C�I�i013, �,CSS�C COVB�al"1�S �I2ci agl•ees tl�at it wiIl at alI
tiines comply with �ny ��equirements imposed by or p«rsuai�i ta Title �9 of the Code af
�ede��al Regulations, Pai�t 21, Nnr�-Disc��imination i�� �'ede�•ally Assisted k'z•ag��ams, aF ttic
Departinent of Tz•anspo�'tation and �witl� �ny ainendrr�cnts to these �•e�ulations wluc� may
kaea•eafte�• be e��acted.
If any eIaim a��ises fram an alleged violatia�i af this non-disc�izni��atiaz� covenan.t by Lessee,
its �e��soi�al z•eprese��tatives, successo�•s in interest or assigt�s, Lessee ag�•ees ta i�idemnify
Le,Ssa�� and hald Lessar ��arrnless.
21. L�CENS�� .AND �'�RM1TS.
Lessee shall, at ifs sale e�pense, obtain a«d lceep in eff'ect all Iice��ses at�d pe�•mifs x�ecess��y
fo�• th� o�eration of its ope�•ations at the Ai�•��ort.
22. GO'VERNM�N'I'AL PO'WERS.
It is undersfnod and ag�•eed ttxat by executio�i of this Leas�, L�ssor does not waive or
st���render a�iy a� its go�vet��mental pawei°s.
23. 1�i0 WA�VER.
The failu�•e of Lessc�z• #o insist upon tl�e pei�forjnance af any te��m or• pro�isio�i of this Lease
or to exercise a«y ri�ht gra��ted k�e�•eu� sI�all z�at canstiiute a wai�+er of Lessnr's right tn i�Ysist
Li�OII A��]YOpl�iate pe�•.foz�ma»ce oz io assert any such �•ight on airy fuhice occasion.
Dii4ION'!' G�tOUP, L�,i:
Hni€g:�r a�id Ground Le�sc
Leas� Site 2U[s
rort Wartl� Spii€ks Airpori
Poge 15 of2l
2�.
25.
26.
2'i.
28.
29,
V�NUE AND J�RISllZC'�'Zf)N.
Tf any actioz�, whethe�� k�eal o�• asse�•ted, at law or in equity, arises on the basis of a�ay
pz•c�visio�x o�tl�is I,ease or of Lessee's ape�•atioi�s on the 1'rcmis�s, �v�nue fo�• sucix aat'ton sl�all
Iie ira st�te cau�•ts located in 'Tai��ant Co�inty, Texas o�� the United 8tates Distcict Coui�t fo�• f�e
No�•t��e�•� Dist�•ict of Texas, Fort Woz•th Divi�ion, Tliis Lease slla]I be cox�s�i��led i�1
accordance witl� the laws oifh� State af'�'exas.
A�T'�'0�2.N�YS' �+'��5.
In tit� ev��►t tlaere sho��Id be a brcach or ciefa�alt u��dez �ny pravision af tliis Lease a�id eithez�
pax�ty s��oulc� zetaii� attar�leys or incui� otl�ex• exper�ses for the coliection of r�z�i, fees o�•
clia�ges, oi• ilie enfo�•ce►x�ent o� pei�forir�aYlce or obsez•ti�ar�ces of a�iy covenant, obli�atio�� o�•
a�reement, Less�r ��d Lcssee a��ee i�at eac� pat�€y sha�l be responsible foz� its a�rn
��iOP11Cy5' frees,
S�V�TtASILITY.
I� any p�•o�isioi� of tiiis Lease shal
vaiidily, legality a�zd ezi�azceability
affected oi� im�aired.
FORC� MAJ�URE.
1 be l�e1d to l�e invalid, ille�ai o�� uz�ez�fo�ceable, th�
of the reina��xu�g provisions shatl iiot in any way be
Lessnr a��d T,essee s��all exe�•cise eve�y reasanal�le effot�t to iil�et tl�eix• x•espectiv� obligatioi�s
as set �orth in this �,ease, but shalI nnt be held lia�ie for any delay in ar �mission of
�eL�ormance d�t� to foz•ce majeu�•e a�• a#her cai�ses beyond their a�easo��able control, includi���,
but not limited to, complianee vvith any govertunent law, o��di�naz�ce a�• r�gY�tatian, acts o�'
God, acts n� omissio��, fires, s��ikes, loekauts, natinnal disaste�•s, wars, �iots, �naterial o�•
labnr �•csi�'IC�IOI]S, �anspot�tatian prnblems a�• a►�y othez• cal►se beyond the reasonabie conhol
of Lessaz� or Lessee,
H�ADINGS NOT CONTROLLZNG.
Headztigs and titles used in this Lease a��e for r�fa���nce �ur�poses only and s�iall nat be
deemed a pat�t nf this �.ease. �
�NTIRETY OT AG�R�ENZ�NT.
Tl�is writteii i�ish•ume�t, including any documents attached hereta a�• i��ca�porat�d hei�ei�i b�
refercnce, contains t��e e�iti�e ��nderstanding and agreemeni between �,essoz• a�ld Lassee, its
c�SS1�riS �llt� 511CC�55A1`S Il] iiltel�3�, a5 tb �il� rrxatiers contained herein, Any p�'ipT Ol'
eontemporaneous orai o�• wriften agt•eemez�t is hekeby declared tiuIl at�d vaid ta the exte��t in
coii�lict with any p��ovisions o� this L�ase. Th� terms a��d canditions of this Lease shatl not
be asnended ur�ess ag►•eed to i�� wziting by hoth p�i�ties and approved by tlie Ciiy Cour�cil of
Lessor.
�unso�r cY�a�r, r.�.c
H�ngar asid GraEi�sd Lcasc
Lease Sites 20E
�ocllVortla Spii�s Airpntt
1'n�c 1Gof21
:�o. cc�urr����.�A�
This A�zeezne��t nnay �e executed in oue or tno�e cot�nterpat-ts. �'aasixa�ile a«d .pdi
si�;nati�X�es sk�a�1 be effeetive. �1n ariginal of ihis (��,reetnent sl�alI be pro�videc� to Lessor's
Seci•etaiy's office %��• �lizag.
��I�I1R�lll�e P�tges Polln�v]
nu��c��� r�o�r�, �,r,c
IlfitlgACflllflGl'OlIi3I� Gease
LCe3C $itc 20E
Fori SVortl� 5piuks Airport
Page 17of21
�N 'W1TIVr,SS WHI�'.It�UF, tl�e ��a��lies 1�ereto liavic execiited t�us A.�;�'�eltlel]i 11� ]l7lllli�3�es Oil
t17is ll�e '�r� c�ay �f j„�` �,� �flii'�(`�_ , 2Ul G,
LITY OF TORT WORTH:
By:—. �.��o 1���-...—...-..
��
T'ez•na�adn Costa
I-�ss�stant City Ma�iage�•
I7ate' /.�/.��'/!c. - - --- -
� ,��
�TATE OF TEXAS
COUNTY C?F TARRANT
§
§
BL��RE M�, the u��del'signeti autli0l�ity, a Nota�y Public i�� and fo�• thc Stat� c�f `1'cxas, on
this day p�rsnnaliy a�peared Fer��f�a�do Co�#�, lcnown ta r�ae to be tlxe pe��so�� wl�ase ziame is
subscz ibed to the �oregov�g iustrt��nent, and aeknowl�c�gec� to rne that the sanle was il�e a�t of the City
of I;'at•t Wc��•th and that he exeeuted tlle same as the act of tlie Ci�y �t' Fox�E V4roz•th �or the puiposes
ai�d cox�side�•atioax t�ie��ein e��ressed aizd in t�e c�pacity th�er�ii� stated.
C'rN N�.JNDER MY HAND AND SE1LL, OF �FF10E t�us �,� �3,- y(` day
�,�?r'� f%:r��r_�r-. r-� , 2016.
� S„"�"n�,, iRIK4�`JYA t J(?HIJSOhF
�arr,,�+.
��r°.��'n�=Notary �'uhlic, Stala n! Texas
.;
'-,"� '�; Caft3Fr1,£xpirasQd-t3•2�18
�' �°;,�{''� rJalc�ry IU 123aQ32.b
APPR�VED AS TO I'ORM
A,N� � rsr.�����:
�
�y: ` -
Yaz�e Meb rie,
Assistant City Atto��ney
M&C: C-28U�43
Date: �21�3I1G
1295 Cei•filic�te No: 2416-�316Y2
DL1iYION'i' GROUP,I.LC
H�agnran�l Gro�ii�d [,casc
Lc�e Silc2UL:
�'4It iy4i��k 54)111�5/�FC�IOIi
1'agc 17 af21
.
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�d_l'_-U'�
Notary P�.iblic ' jand�r.fhe State nf T�xas
A'
�y: �nR,G�
5.f�. iiy ��ct•eiaty
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LESSC�:
llUM�N�GRQUP PROY�RTI�S VT, LLC
:
Date:Decembez ��4.201&
�`I'�T� 4F Delawa��e
CUUNTY OF New Castle
�
�
ATT�ST:
By: / �
B�FORE ME, ihe ��nde��si�;ned authority, a Notaiy Pub�ic in axxd fox• th.e State of Delawaz'e, �x� tl�is
day �ersonally appea�•ed Z�evin IV�. 'VVa�rgo, known to me to be tla� pe�•san wliose nai�le is sul�scribed
to tl�e �o�'��going inst�•u�nen�, an� acicno�vled�ed ta me that the same was the act o£ Dumo�rt Group
Px•ape�•tie� VX, LLC a�xd tl�at he e�.ectiied t��e same as the aat of D�rtnont Grou�� Yro�,erEies VI,
LLC for t��e �ttrposes a�id co��sideration therein expx•essed azac� xn t�e capacity t�.ez�ezr� stated.
GIVEN UNDER MY �-IAND AND SEAL C}�' O�'�'ICE this 14t3' C3 BCel11�}B�� 2Q ��.
, .
Nota�y �'ubiic i� an.d #�a�� the �tate ofDelavvai•e
AM��O ARY��u� AC Tit�
STA7� O� aEIAWAg 2047
�,Y Comm3ssWn Exp4res Ju1y
, �'
�
!,
bC114t4)N'C GttOUl', LLC
I faa3gnrand Gro.uid L,c3sc
�,casc 5itc 20E
I�nrt 1Voriii 3pin[ts Airport
1',1$e I9 oi21
EXI-IIBYT A
R�AL P�.tOP�RTY DE�C��'Tr�N AND i1�A.P
FOR
L�A�E SIT�'75
D€.rM€l,�t'C GitOUF,1,i,C
Ft= Fl�ar m�d C,ronnd Lense
l.easa Sile 20E
�orl WortE� Spi�tlss Airpart
f agc 20 oi'21
�`o��'�o��c�
R�AL PltOi'ERTY D�SCRTPTTON
�OR
�.��s� sr��� zo�
A parccl af 3anc! lyi��g �nd situated in �3Eock 5, I�o�t Worih Spi�iks AiE•�o��t as recai•ded in Cabinet
A, Slidc 353, I'l�st �tecot•ds oE�Ta��rnnt Cour�ty, Texas, �nd being more particul�rly deseeibed by
metes and bouixfs Hs fol[nws:
Comnlenci�ig at R 1/2" ieon ��nd fnurtd (co�tteol ntanument) �t tt�e: �tordtcast cornce ot�said [iiocEe 5
and E�ein� t��e t�ortitwest cort�er o:Fthat cciiai�3 Tx•act 2 callcd 8,789 aores as conveyed to I'l�oe�ix
IndEsstE�ial 1'ark, LLC, acco�•ding to the deed recorcicd at I�strc�n�citt No. D206319454, D�ed
Izecoa'c�s n#"Ta►-�'ant Caunty, 'i'exas;
"Z'henac: with thc common linc bct�vccn said T31c�ck 5 and s�id 7'Edct � and generally along a cttain
link fence, Soath 0� dagrccs 4S minutcs 35 sccn�ids West, 880.3 ] feet tc� a 5/8" ia�on rod w'tEh
�lasfic cap slam�ed "1�`l' LVOIt't'II SUIZVEY llIViSION" set at tt�e Place o!'�3eginrting �fhereir�
dcsc�•ibcd lcasc:
Thcnce; cantinuing along snic[ cammon line, So�ih OD da�rees 4� utinutes 35 seconds West,
392.f34 feet tc� a 518" iron rod with pl�stic cap s€amped "F7' WORTH SiJiZV�Y DIVTS(ON" set,
frum zvhicE� a 112" irort rod Fnund at tha soi�thwest cornei• nfsaici'�'E�act 2 beArs SoutE� 00 ricgrecs
�35 mintites 35 seconds Wesi, 152.98 feei;
Tt�ence: NoG�th $9 degrees I4 rni�tuEes 57 scconds Wcst, �304.07 f�c€ ta a"X" set in �nnccetc;
'I'hence: Not1E� n0 degrees 45 minuics 35 seconds Ii1st, 392.84 fc�t to Y�C naif tvitl► shiuee
siam�ied "Ci� W SURVEY-bTV" set in asphait;
Thcncc: Sot�th 89 degrees I4 minutes 57 s�eont�s F.asi, ��4.07 feet to Ihe Piace oil3egi«ning
containing 158,735 squa�'e feef ailand, as surveycd ort tl�e ground Dece�nbca� 3, of 20 t�.
13asis Uf l3e�rings: Spinks Airporl catafrot mo�iume�tts ], Z, & 3 as sl�otvn on plat rccordcd ii�
Cabine# A, Slide 353, Plat ltecprds afT�E-r�iit Cnu��ty, Texas. 17istanccs a��e gro��nd
n�easf�a�ements.
Nole; In accordance �viEh tf�e Texas Baaa�d of Professipttaf Land Su��veyi��g, Gene���l ltules of
Procedures and Praaliccs, b63.19(9), il�is "�•eport" consists of the hereon rc�e{ property
description, and a Ma� af Survey haing attached l�ere�vifh, as pt'epareci by Ma�'shall I.ancaster &
Assnciates, tnc., �'irm No. EOf1451Q0.
%�'G����
Michael W. Calf�oun
'I'exas Itegistared �'E•alcssi���al Land Survayar, No. G143
I�ate: Decen�ber 9, 20I4
NCAIiSI'IA�.� LAiYCASTL;It & rLSSOCIA•cr,s, r�rc.
CUI�SUL"X'IPiG �.A3�TD SUIiY��'UR5
1$54 �VORTII IYOIt�Y00� DRI�'E, SUI'i'E �
HIIFt5'Y', TI:XA.S, 7GDS4
TIRHf I�o. l0a�S1Q0 •
`�'RANSPQTtTATiOrTAND pUBiY[: WORKS D��A.RxIV�CI�[�'
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Tur. Cin• ar• I�wu 1YvxYEr �r 8851 Cwin�� (3otivlc REr�11�'est �r i�n�cr ti�'nR�rEE, 3'r��as 7G11G
817 34�-7925 * Cax 817-39i-789S
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EXI3IBIT B
RrATs PROI'�RTY DESCRIPT�ON AND MA�
TOR
�,�ASE S�T� 7S
Schedule of Rates a��d Char�
llvn�t�r��� crto���, r,�.c
f{angar naEd GeovEid Lcasc
Le�se Sitc 20t?
ForE «ladf� Spi�tfcs Aispnri
Pagc21 of21
��iT [�RT�
!���
A'�xAT���I
�
Adopfed by the �ort Worth Gity Ca��ncil
Aug�st 30, ZU96
M�G G-188U3
iABL� O� GON7ENT5
Aviation Qirectar Auihnrity .................................................................
........................................................ 3
ANNUAL A�I.iUSTM�NT OF f�Ai�CS AND CHARGCS ............................................................................ 3
LANDINGFEES ............................................................................................................................................3
Car��nercial Landing F�e .......................................................................................................................... 3
Non-Commercial 7raining or Maintenance Landing F'ee .......................................................................... 3
Mllitary Operafitins Landing Fees .............................................................................................................. 3
OFFlC� SPAC� ............................................................................................................................................4
Meacham Administra€kion E3uilding .............................................................................................................4
Meacham Administratior� Bu[Iding — 3�d Floar Conference Genter ............................................................4
af�ice and Qther Building Space — Annualiy ............................................................................................. �
NANGARSPACE ...........................................................................,...........,..................................................4
T-Hangar S�a�e ........................................................................................................................................ 5
Carr�munity Han�ar Space .........................................................
............................................................... 5
Storage�tooms .......................................................................................................................................... 5
A�rcraft Parking - Mont�ly .............................................................................................................. ......�
Aire�aft Parking — Dai[y ..............................................................................................................................5
LAf�D LEASE ................................................................................................................................................6
Land PerSquare Foot—Annually .............................................................................................................6
F'ILL S1T�5 ..................................................................................................... ...,. 6
......................................
AIRP�RT ACC�SS ���5 (�F-IRQl1GF-I TH� F�NC�j ................................................................................. 6
Alliar�ce AErpari — Access Ordinance 1693��05�2b06 ...............................................................................6
Meacham Intemational and Spinks Airports .............................................................................................6
U.S. CUS70M5 ��ES .......................................................................................................................... 6
AIRPORTFUEL ............................................................................................................................................6
Fuelf arrr► Usage Fee ............................................................................................................................... 6
F'ue! F[owage Fees ....................................................................................................................................6
M1SG�LLANEOUS ���5 ..............................,.:,.....,.................................................,..,............,.............,..... 7
Lafe�ees ...................................................................................................................................................7
Fees related to �eveiopmer�t on ar� Airport (Including but not Eirt�i#ed ka Su��y, Easernents) .................7
Of€icial P�blic f2ecords �ee Schedule .......................................................................................................7
i.ease ASsignment �'ea ............................................................................................................................. 7
Mont� io Mont� Leases ............................................................................................................................. 7
Paper Copies and Key Copy Fees ............................................................................................................ 7
ADpfTiONAL PROVf510�S ......................................................................................................................... 8
peveloprnentApplicatian ........................................................................................................................... 8
l�ease Expirafion Penalty ...........................................................................................................................8
WeighiCalculalions ........................................................................................................................•--........8
Nan-Airwarthy Aircraft ............................................................................................................................... �
Fair Market Value F-langar Rate ................................................................................................................. 8
PAGE20F8
AVIA�'ION QIR�CTOR AUTkiORITY
`Che Director is authorized to assess�or waive fees dhat are not specifically addressed in tt�e Rat�s and
Charges s�ch as ihe use of office equipme��#, carports, miscellat�eot�s construction by �epartrnent
resources, te�s assoc[ated witf� private de�efopment and other aviak[on reiateti fees and charges that rrtay
occ�r on an infrequent basis.
�.ess�e may not undertake or allow any party to und�rtake ar�y fcind of a6Eeratia�is, er�ction, improvement or
ather consh��ction work an or to tf�e premises unless it first requests and receives approval fram the Director
ar hislher authorized representative.
�ihese rates �nd charges peri�in ta a!I Fort Wor#h Airparks unless akherwise nated per sectinn.
ANNUAI. AI]JUS7M�Ni QF RAT'�S AND CHARG�S �
Exisfing Lessee's which are subjec# to an annual Consumer Prica ft�dex �CPI) adjustrnent shall be adjusted
by three percent (2.3°/o) as o� October '[, 20'16 per t�eir current iease agreetnent. Month-to-month leases will
refleet current rates and c�arges as descri�ed beiow.
LANDENG �EES
COMM�RCIAL LANDiNG ���
A Camtnerciai Aircra6t �perafion is one thaE
do�s not have a EJse Agreement wit� the Cily af
Fort Warih; and conducts aperafions at �'ort
Worth Ailiar�ce Airpart und�r FAR Parts �21,
`I25, 'i2�, '��5 with a Maximum Certified Gross
l.anding Weigf�t (MCGI,W} over 8{3,oao paunds.
No landing fee is assessed at Meacham or
Spinks Air�orts.
Landing Fee per 1000 pounds $1.75
Mi�imur� Landing �'ee $'i00.00
NON-CQMM�RCIAt TRAINING OR MAINTENANCE LANDING FEE
A�lon-Comr�-�ercial Training ar Maintenance Op�ratian is ane tttat is a�eratirtg ai Fo�t Worth Alliance Airport
under �AR F'ar� 99 over 70,�00 Pounds MCGLW, for training or maintenance purposes; and is nat involv�d
in �ny commerciaf activity far hire when landing. Na fanding fes is assessed at Meacharn ar 5pinks Airports.
Landing Fee per 9000 po�nds $'i.55
Minimum �.anding �ae $7�.�0
i1lfELliARY OP�aA710N5 LAN[��NG �'��S _
Mi(itary aperat[ons are exempt from la�ding fees if the aircraft is acting an t�e behalf of the military under #he
jurisdicfional contral of tFte armed farces af the United States or fihs Natinna! G�ard. Foreign milifary aireraft
are subject tfl rates listed above.
f�ACE 3 O� 8
OFFiCE SPACE
MEACHAM ADMINfS'TRATION B[1iL.�1NG
Lawer i.evel $ �4.001sq,fk.
First Flanr � 16.ODIsq.f#.
5econd �'loor $ 97AO/sq.it,
7hird �'loor $ 78.b0/sq,ft.
FBO Spaae $ 22.�Olsq fl
k�ntrance 5ign $ 95.C101month
lilI�ACHAM AbIUE1NISTI�AiIQN BUILi7fNG -- 3Rp �L4UR CON��R�NC� C�NT�f�
If the roam is needed for Innger ihan 4 ho�ars, an addiiior�al haur{y rate will be determined based on tf�e
event. Contact the Aviation Administrative Offices at 817-39�-540fl fo abtain inforrnation an fhe rental of fl�e
Conf�rence Center.
rJ�'�EC� A�fp 07H�R E�UIL.L�ING SPAC� — ANNUAl.I..Y
O�fice space renFa! rates are determined based or� a fair market rat� ar�aiysis af th� commercial office space
aro�nd th� airpart.
Other Office �pace �MV
S�op S�aace $ 7.Q(7lsq.it.
HANGAR SPACE
PAGE �4 OF 8
T��iANGAR SPAC�
T-I-(angar �nd EJnik Space Improved $ 6.a01sq ft {Min $8Q00}
T-H�t�gar ��d Unit Space Unimpro�edlSfnrage $ �30.00lmat�t�
T�Hang�r Space $ 375,o01month
Comrntinity Hangar (5'ES on West sicie of Air�ort� $ 350.00lrt�onth
A�ISC,DI.�I�� OE �Q�I4 for a twelve month period is availabfe, An aircraft awner will need to demonstrate the
purchase of an average af 50 gallons of fueE per rr�onth for th� prior �2 r�vnth ��riod fram an F�O lacated at
the air{�ort upoii which the �ircraft is baset�.
COMMl1N[TY HANGA� S1'AC�
� 5ingfe-engir�e pisto� $ 2p0.0�Im�nth
........ .:.:.:..::..:..:.:.:..::.::.:::....:..
Twin-�ngine �aist�n �$ 3?.(],[��Irr�onih �
A�iscnunt of 10°/a for a twelve month pariod
beginning Ociober 9, 2011 is availabl�. An
aircraft avvner wil! need to demonstrat� a
pu�chase of an av�ragc of 5� gallons of fue!
per rr�onth far fhe prior i2 month ��riod from
an FBa locafed at the air�ort upon which the
aircraft is based.
S74RAG� f�ODMS
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Small Open � $ 36.Q0/monlh
Large Upen $72.041monfh
Closed $ 52��ImontY�
AIRCRAFi PARKIi�G � MONT'iiLY
'12,500 �bs. and und�r �Meacham and Spinksj $ 55.aQ/month
12,500 Ibs. and under (Allia��ce} $ 300.00
12,50� Ibs. to 6Q,oaQ Ibs. $ BOo.oa
60,QD� lbs. ta 100,OD0 Ibs. $ 900.fl0
100,001 Ibs. to 300,00(3 Ibs. $ i,8�0.€?Q
30�,OD� Ibs, and a#�ove $ 2,250.4�
AfRCRAFT PARK[NG -- QAIL.Y
12,500 i�s. and under (Meacham & S�irtksj $ 8.OQ
�2,500 Ibs. and under (Afliance) $ 2�.�0
�2,50� Ihs. to 60,0�0 Ibs. $ 40.00
60,OC11 Ibs. to 10D,000 Ibs. $ 6Q.�0
10Q,001 lbs. ta 3a0,000 I�s. $ 120.00
300,001 lbs. and above $ 1v0.OQ
The daiiy raEe wil( b� applied for any parking on public aprans up #0 24 i�ours.
FAG��4�'8
I�AND �.�AS�
LA[�E] F�ER SQUARE F'OOT — ANNUALLY
Ground Lease A[liance � �� $0.421sq.ft.
Ground Lease Meacham $fl.�(]/st�.ff.
Cratmd l.ease Spinks West Side $0.291sq.ft.
Ground Lease 5�inks �ast 5ide $0.271sc�.ft.
FILL SIT�S
Meacha�n � $4.40 per load.
Al1�.PORT ACCESS FEES {THROUGH THE FENCE}
AI..LIA[�G� AIFtPOR7 -- ACC�SS QRq[NANC� 'ES93'}-Q5-2Q06
Air carrier or �arge aircrafF user $�,5QO.�Q/monEh
Ger�eral aviation or smafl aircraft user $SQO.OQlmonth
U.�. CU�TOM� F�E�
MEA�HAM IN7ERNA710NAL AIRPQR
C�tarin� Fteg�lar Busi�esa Haurs $300
After F[ours, Weekends and Holidays $500
MEACHAM INT�k�NATI�NAL ANI] 5P[NK5 AIRPORTS
�'ee is the lanc� per square faoi rate for the airport r�ultiplied by t�e st�uare footage af the t�angar adjacent ta
the airfield.
AIRPt�RT FUEL
FiJEL FARM USAGE F��
City Owned Facifity (Monfhly} All Airports $ 370.00
Self-�uelir�g �'aciliiy �Mo��lhly) All Airparts $ 2t?O.QO
�U��. �LUWAG� ���5
Th� followin� fuel ffawage fe�s are established on a11 fueE deli�ered to the airports. Rates a�e raunded to th�
nearest penny.
Fixed 8ased Operatnrs (Gallot�s) $ 0.141gallon .
Self-F'ueling (Gallons) $ t3.261gallott
PAGE60F8
Op�rators wh�ch pay a landing fee at Fort Warth Ailiance Airport are exempt frorr� the fuel flawage
fee.
Guidelines far �usl flnwage are outlined In the Minirr�um 5far�dards adopted as o# Jufy 22 201�4.
M15G�LLANEOUS F'�ES
LAT� ��ES
Monthly re��tals and fess are subjeci ta a iafe charge at the rate of 90% of the i�tonthly renta[ rate for each
�nont�t, or portiot� of t�e month, Ehat any monthly !ns#aliment is past due. A separate computation and
payment of such lafe charge shall be made on the ouistanding halance that is past due. Therefore, if twn
man#i�ly instafir�ents are past due, ti�e late charg�s sttall accrue on fhe to#af outstandit�g ba�ahce.
F��S R�LA�'�0 TO f3�,V�l.OPM�NT ON AN AIRPORi' {Includtng 6ut r�ot ltmtted ko 5urvey, �asernents}
Meacharn and Spinks Airport: The City of Fark Worfh Aviation DeparfinenE will obtain surveys on any property
appraved and ne�otiated io rr�ave forward with develapm�nt. The survey fee ta be collected up frant is nnn-
r�fundable and is �ased an S��rveyar's cost estimate. Need ta ehange ta include any fees related to
deveiopment....surveys, inspections or easements....but not limited fo.
O�FiCIAL. pUB�.tC R�CORC?S ��� SCH�E]UL�
A[E Agreements are to be availabi� for pu�lic record and will be filed at the Tarrar�f Cour�ty C[erk's Office; tha
fee to be co!(ec#ed �p front, as set by fhe Tarrant County Clerk Fee Sch�dcile, is as follows:
■ $15.0� €or fhe firsi page
■ $4.00 for eaah additional page
• $5.00 Recards Management Fee
• $9,00 Security Fee
• $5.00 �tecords Archive Fee
�EAS� A55IGNMENT FEE
Meacham and 5�inks Airport: EJpon approva(, if a tenant assigns their right, iifle, and interesi af their properfy
ta another individual, a$4a�.00 lease assignment fee will apply.
MONi'H TO M�NTH LEAS�S
Month-to-rnonfh leases are subject to a 10% premium above the standard rate.
PARER COPlES AI�D K�Y COPY FE�S
Biack and white paper copi�s are $0.10 each; cobr copi�s ar�: $�.60 each.
f�eplaeement of lost keys ar extra keys provided for rental spaces ane $� D,OD each.
I'AGE 7 0F 8
ADI]ITIDNAl. PR�VIS�DNS
D�V�LOPM�NT APPLECATION
Meaeharr� and S�inf�s Airpori: For any develo�er who wishes to enter into a ground lease with assoc�a�ed
mandatory irr�provemenfs, a Fnrt Wnrth Aviation qeparttrtent Appficatiort must be completed and su�initfed.
The Infarmatian subr�i#ted must includ� all additianal maierialsldacumentatian requ�sted on the application.
Once staf� is in rec�ipt of the corri�€ete p�cket, staff will h�c�in the r�view �arocesa to d�t�rmine if the propasal
is in the� �est interest of the ,4irport. The initial review process will nof cammer�ce unti! a11 requesied materials
are s�abmitted.
LEASE EXPiRATI��! P�NAl�7Y
Any lease agreernent that expires prior to the execution of a renewai lease where th� tenanf had at least 3Q
days ta exeaute a new Eease prior ta the expiratio� af #he existing lease shall be subjecf to a Lease
�xpiration Penaity.
Such agr��mer�f wi11 autornatically re�e� to a monfh-#a-rnonth occupancy siaius a��d the tenant may be
required to pay a premi�im �qual fa 10% of t�e standard bas� rer�tal rate in addition ta th� stattdard base
renia! rafe, unfil such iime as either a perrrranent lease is executed or the tenant vacates the prern€ses.
W�iGNT CA�.CEJLAT'IQNS
All vreight calculations are bas�d on Maximurr� Gertif[ed Gross I�anding Weight.
NON-AfRWORiHY AIRGRA�T
Non,airwo�fhy airoraft are defined as any aircraft not in a conditian for safe oparafion with the fallowing
exceptions:
. Airc�aft undergoing andlor awai6ng service by c�ttified re�air t�chnician5 for a period nat to exceed
90 cai�ndar days
• Aircraft on static display it� designated areas by a recogniz�:d nan-profit org�nizatiar� for the purpose
af a museum
Aircraft considered non-airwarthy are subject to rerr€ovaf, impaundment, at�d dispasal by #he airport o�er�€tar
wlth a 3D day wrikien r�okice and at f�e owner's expense.
FA[R MARK�T VA�.U� HANGAR f�A7�
• Current Tenant � hlew �.ease fo![owinq end of existinq L.ease ier� At such time as a tenant with an
existing lease agreemen# wishes to continue accupancy of the faciiiti�s, beyond the origi€7af ierm af fhe
lease wiih extensions, the tenant tr�ay enter into a r�ew lease ag�e�rnent. The term of the iease must not
exc�ed forty years including all extensions.
When a new fease agreement is negafiated, fhe rafes for #he agreemenf wili be deiermined based u�on
the City of Fort Worth Sched€�le of Rat�s and Charges. If a rantaf rate is nof established in the Schedui�
of F�ates and C}targes then the rate shalf E�e negotiafed and consid�r th� rental value of subjec# property
and irnprovemenfs.
r Current Tenant - New Lease prior ta the end of existinq Lease Term If an ex€sting tenani vvis�tes to
ex�cute a n�w lease agreement prior tn fhe end of their currenf lease the tenant may da so with the
rer�#a1 rates determined as €�llows:
'f . Period prior to end of th� curreni lease may be set at the rental rate of ihe eurrertt (ease agreemenf.
2. Period after the e�d of the current lease shalf be negotiated and consider tt�� rental value o€ subjeet
pro�erly and irnpra�ements.
3. Total term of the hew (ease shall E�e negotiated.
• New Tenant � New �ease for existinq Buildinq and lmprovemenis Laase agreements fnr exis#ing
bui�dings shall be based upan the City of Fort Warth Schedu[e of Rates ar�d G�arges. lf a rental rate is
not estab[ished in the Schedufe af Rates and Charges then the rate st�a![ be negotiated ar�d cortsider the
rental value of subject property and impravements. The Gity af �ort Worth may alsn chnose to
deterrnine the renial rate based upon a bidding process It�volving parties interested it� leasing fhe
�rop�rly.
PAG�SOF8
LXH��3�"�' C
ItCAL I'R�P�RTY ll�SCIt�P`�'�41V AND MAP
T+'OR
LI+�.ASE �ITr 7S
I��si���a�.cc �.cq����•eza�e��ts
�un�arrr r,z�o��, �,�.r_
Ei�gar a�td Grou��d Lesse
E.casc Sitc lOfz
f'ort Wortl� Spinks AirporE
F'agc 21 oF21
�''OR'i' �4R�'H
AviA'�ic�N EXHiB17 C- Mf[�UVIUM 1�1SUFZANCE F7�QUIREM�NTS
Commerciai �ri�ironmenla4 Automabil� L€ability (To
Caieflory �r°�e�y General liangarkeepers ��palrment ��rcra(( a�id �assenger �nGude �lired & Nvn-owned
fnsurance Liahilily Liabiliiy Liahifity ��a���ity y�hiclees) s
Fixed 8as80paratars (FBQs} Yes $5,OpD,000 $5,000,0�0 �v9,OD0,a00 � '1,OOU,QQ{)
Aireraff Ma[ntenance Operatnr and
Avionics ar fnsirumen3 Mainie�3ance 's $1,d0€1,OOq S1,�OO,OOU � �,090.�0�
O erafoe-PisEon
Alrcraft NfainEenance Operafor and
Avinnics or fnsirument Mainienance �s �5,OOfl,O�U $9,QUO,OEIU $ 1,000,�0(i
O erafor-7urbine
Avionics or Insirun�enf Mainie€�ance �� ��Q Q�b � 1,OOO,p00
'5
Operator (Sench work Onlyj
Alrora(tl2ental o€ FllghtTrai�iing � �1,��9 �0� z S'�,OOO,OOOloccurrence q i3OaD.ODO
Operalor �5 $ i (i0,D001passenger
A€rcrail Charter or Airorait 'S $5,[3U€1,0�0loccurrenee
lvlartagement O�erator •� �1'���'��� �SOO,OOO/�assenger � 1 �OOO,DOD
A€rorafi Satas Qperator b �4,ODO,OUO v�1,0a�,0�0loccurrence � ��pp0,U00
's $iUO,OpOlpassenc�e€
•s $1,000,000 �1,0�0,040
Atrcraft Storage Operaior
'S $5,OOD,OpU3 $5.00D,0003 $ 1,(�U0,0�0
Av�atlon Service S�e ProprleEor 'S �1,O�D,OOD Z �v1,Q00,0001occurrence � 250,004
$1(�0,0o0lpassenger
Ofher Cammerc€al A�ranaulical �.� ��p OpQ �30D,b0�loccurrence $ i,000,000
Aclivities
TemporarySpec€alizedAviation g,�,q0�,00D $30U,OOOloccurrence $ 9,OOO,D�O
Service b erafar
Non-Commeraiai Hangar Lesses 's $3aD.00Qloccurrence $ i3ODO,ODD
Non-Can�terciaf Flying Cfub �s $1,000,OOOloccurrence � ,�,�O�,p��
S1QO,ODD1 asse er
Non-Commerciaf 5e1{-Fuefing �$ g�,aoa,U00 51,0�0,000 $340,UOUlaccurrenne $ 1,o�0,ano
Permitee Jet �uel artdfor A as
Non-Cammercial Self-�ueling
Permitee '3 S5a�,�00 $30Q,OODIoccurrence $ 250,OOn
Alfernative Fuefs e. . m as
T-Hangar or Gnmmunity Hangar �a $300,OOaloccurrence $ 25D,�OQ
dlher 'Insurance reqUiremersts subject Eo determinatian 6y Aviation �epariment and Risk M�n�gem�nt.
Addiliona[ Insurance Reqi�irements
+i.essee's pallcies are to be primary to any other �alid and cotleei�hle �nsnrance availaUle ta the CiEy
•AI[ policles shell include a Waiver af Subragalfon In favor of ihe Ciiy (i'ernporary SAso must atso inctudQ Afrpo�f Lesseej
�The Csly of ForE WorEh shall he named as Addiflonai €nsured (Femporary SASfl must aEso iaictude Airport Lossee)
�Pofic+es shel! have no excEusions by endorsemeni, which , neilher nullity or amend ihe required [ines of coverage, nor deccease the limlis of sak� coverage
� Goverage per aircra€t shauld be equtvalent io the averags aircrai! valrae al one Ilme and ao�erage per accurrence should he eqiiivalent to tf�e everage ot the
maximum value oi tofa( aircraft al ane time, l�ut noi fess l��an lhe amount noted at�ave
2]l�ust inciude Nagligent �nslrucifon Coverage
' li aircrafi storage operafar is providinfl suhleasfng s�ace for �rcreft siar�pe
4 Only required far Ehose providing #lighl instruclion
5 DepeRds on ierms of lhe lease agreement
s if vehicle arked landside - StaEe minfmums wuufd a I
Avlatiai� Mintmum 3landards, City af Fort Worih Av�al'€ork Department (06l03I2014)
o�F�n���r�on�s:
Gnverage for il�e guilding includes (but is nat limited tn) tiie buildinq arid struciures, camplelec� additions to covered
buildings, o��fdoor frctures, parmane�if[y inslalied fisctures, machir�ery and ec�uipmeni, The build"€ng material used la
n�aintain ar�d seruice lh� insured's premises is also insured. Business Personal i'roperty otivned by i�e insured anci
used in the insured's business is co�ered for direct loss or damage. ihe coverage inclucEes (bul is not Etmited !o)
furniiure and fixtures, stock, im�rovemenfs and beiierments, leased properiy for which you t�ave a coniracival
obligation to insure and several o(t�er similar 6usiness properiy iiems when not speeiiical[y excl�ded (rom coveraga.
The policy is aisa dasigr�ecE la proteci the insured ac�ainsi loss or damage tc� tf�e Persnnal P�operiy of Ottlers tvhile
[n the ins��red`s r.are, atcstady and coniro€.
I'IiQT'ER'i'Y II�$URANC�
E3usiness Incpme (snmelirnes callect Business Interruptionj a(fords protection againsi the loss o{ eamings of a
busfness during iiae time reyuired to rebuild or repaEr cavered properly damac�ed or destroyed by fre ar some ather
�nsured cause of foss.
Extra Expense allows ooverage far ii�ose additional expenses aver and abave normal operaiing e�ens�s paid due
ta damage to covered properfy from a rovered ca�rse of loss. 7hese e�enses co�ld include reni, ulililies, inaving
expensos, Eelephone, advertisi�tg and labor.
This coverage proteets 1ho insured for batfily injury or proper€y cfamage Eo It�a third parfies, iar wi�€cE3 they are legally
liable. The policy covars accidents occurring on ihe prernises or avray fram the premises. Coverage is pravid�d for
injury or demages arising out of goods or praducts made or so[d by fhe nartted insured. Goveraga is afforded for
the named insured and empfnyees af Ehs named ins�red; t�n�vever, several individuals and organizaEions othar than
ihe r�amed (nsured ma5� be covered depending upnn c�rEain c#rcumstances specified in the policy. Is addition to the
limits, the pa[ioy provides s��plemental paym�nis far altornsy fees, courf costs and oiher e�enses assoclaled with
a claim or lhe defense of a liabilily suiE.
Caverage A- Bodily Injury and Properly Ciemage Liability
COMMERCIAi G�N��iA,T� Bod'€iy i�jury means physical injury, sickness ordisease, incl�tding death. Property [7amage n�eans physicai injury
�,ZA�3��,��'y to fangible praperiy, induding the resuEting loss of use o� ihat proper€y.
ctiv�rag� B- P�rsdnal l�]ury and Advertfsin� I�tJury Lla�llity
Personal Injury means false arresf, maliciaus prosscution, wrongful entry o€ evictiorl, ti6el, slander and violaiians of
a person's rigE�t of privacy. Advertising injury means fibef, sfander, disparag�ment, vinlatinns of a person's righ! of
privacy, misappropriaiian and capyright in{rirsyement.
Co�arage C - NiecEiaa! F'ayinenis
Medical Payments means medica[ expenses for bodiiy injury caused by an accidenf.
HANGAIti<£s�3P�'Ii.S insures the hanger opeeaior for legak obligations ia pay damages due Eo loss to an aircraft that oecurs when thE
a�rcraft is in the aare, custody or coniro[ of the insured for safekeeping, storage, service pr repeir. Coverage
LiA�3ILITX exiends !o liability eEaims involving an aircraft's lass af use,
Insures the polfulion e�x�osure asso�iafed wilh lhe insured's properfy and aperatians, Irtcfud€ng costs of cleanEip and
remedial or corrective action due ta s fhird-parly demand ar a gavernment arder. The PolEuiion exctus'snn In generai
FsNVIROM�NTI�.I� liability insc�rance effeciively eliminates cpverage fordamages farbodi�y injury, property damage and cleanup costs
XMPIRMENI' %TABTT.ITY arising from rnost iypes of polfufion evenfs. Because of this, cuslomized proiecliott for the polfution e�osure of
numerous insureds in this c,�tegnry [s esseniial.
Goverage geared specificalfy to the operaEion of aircraft and !he risks irtvolved in aviation. Aviation insuranc�
policfes are disiincily d'sNerent from thase far other areas of transportaiion and tend ta incorporate aviaiion
AIRCRArI' ANI3 ferrttinology, as �vall as lerminoiogy, limils and clauses specifio to aviatian insurance. Pessenger Eiab�lity protects
Y'A�S�NG�R i.IABILI'I'Y P�ssengers ridir�g in iiie aceide�i aircraFf �vha are €nje�racE ar kiiled, lr� many countries it�is coverage is mandatory
only ior commercial or targe alrcrafl. Caverage is aften saki on a"per-seat" basis, with a sp�clfied limif for each
passeriger seat.
The EiaBilily covQrage of ihe Business liufo PoGcy pravidQs pratectian again :t legaf lia�ilify arisfRg onl of ihe
AiJT(]MOI3II.T LIAI3�I,ITY ovenership, maintenance or use of any insured auiomobile. The insuring agreement agrees Eo pay for €�odily injury
fT0 INCLUD� HIItED & Qr prapsrty darnage for a�trieh tt�e insured is legally responsib�e because o( an a►�tomobile accident. The policy a{so
NE)N-OWNED V�H�CLES) slaies that, in addiiton io the paymeni af damages, i�e insurer also agrees to d�iend the insured for alf legal
d$fense cosf. 7he defettse is i€t addition tc� the policy limils.
WAIVER OIr An agreement betwee� twn parties in wf�ich vne parly agrees la �vaive subrogatio�� rigl�ts against anolher in ihe
event o( a loss. The intent is fo prevent one pariy's insurer from pursuing s�rbragation against the ofher pariy.
SUi3ROGATLClN
AvEatlnn 1Vllninmm Standards, Cily of �ort Warih Aviafion Department {O61A3l2014)
MBcC Rer�ie�
. � � � �
1'a�e 1 a�� 2
�Ffitiat si[e af tl�e City of rori Warth, Texas
l'Q{�� W��T��
�.. ��....r- _ _,.._-�__ �.��� �-�-,�-.���-���.�. �T� r �._--� . >;�..,.: N._,�.�.�. .. :a�=-:—�.—._,� _ ,-�_� �,��_� �m_�,
C[]UNCIL ACTI{]N: Approved on 'I2f1312016
,_� _ � —_ � � . ----�-. � . . . ��,
�_� . .. _... _._,__. ___ ��r,�s��:.,—�—,��. - — _ .- - . --�-- ---- - - - --._. __ . _ _ _.
DATE: 12/13/2016 ������NC� *�`G280�43 LDG NAME. ��FWS T�RMf��WONE
NO.: GRNDHGRLEASE�UMON7
CC3L7�: C TYPE: CONS�NT pUBL�C �O
HEARING:
SUBJ�Ci: Aukhorize �xecutinn of a l��rminatian Agreement v�iti� Newone Hangars, LLC and
Execuie a New Hangar and Graund Le�se Agreement with bumont Graup, LLC for
L�ase Site �2Q at Fort Worth Spinks Airport (COUNCIL DfSTRICT 6)
RECOMMEN�ATION:
(f is recornrnended that the Cify Coui�cii authorize execution of a Terminatior� Agreement with
Newane Fiangars, LLC and execute a Hanc�ar and Ground Leas�: Agre�rn�nt wifh Dumnnt Group,
LLC far Lease Sife �2Q at Fori Worth Spinks Airporf.
DISCUSSI�N:
an August 2�, 2U(ii, by Mayor and Gouncil Comrr�unication �Mt�C C-22344), L'ity C:ouncil appraveci
City Secr�tary Contracf (CSC) 358�3, an Urrirnpra�ed Gcound �.ease Agreemen# witf� Newone
Hangars, LLC {Newone), for Lease Sit� E20 at �ort Warth Spinks Airport, TF�e Lease expires on J�ly
31, 2Q37.
Qn Januar�y 24, 2012, (M&C G25415}, City Counc[I approved CSGM358Q3-A1 to amend khe
lJnirnproved Grnund L�:ase Agreem�nt to increase fh� taial square feei from 79,60� ta 1�8,735 tofai
square fe�t.
On January 23, 20'f 5 fhe Gify of Fort War�h (Cify) exeeuted a Consenf to Assigninent (C5� 35803-
CA1), from Nevdone fo Art Aero, LLC (Ari Aero), for Lease 5ike �2�.
On October 2, 20�5 ti�e Cify of �ort Worth ierminaied the Consent ta Assic�nment (C5C 35803-CA'1},
frorn Newone to Art Aero, far Lease Sife �20.
Dur�ont Group, LLC (Du�mont) appraached fVewor�� Hangars, LLC {Newone) fo purehas� fhe
leaseholc� interest nf L�as� Site �2�. Newane ��s agreed to the purchase and has requested ta
fermir�ate the current Unimpraved Ground Lease AgrEement.
The Lease Site is comprised of 15F3,73� square feet of graund space and inclUdes a 51,300 square
feet hangar faci[ity. Th� i�rm of Hangar and �round L�as� is 4El y�ars begir�ning Jan�ary 1, 20'[7
and ex�iring C7ecember 39, 2056. At the curr�nt ground rate af $.27 p�r square foot per year, Lease
Site �2Q wilf gencr�te �stimatod revenue of $42,858.45 per ye�r or $3,571.54 per month. At y�ar 32,
a hangar rake will be included wit� t�e ther� currenk ground rate. The hangar rate will equal t�e #�en
�air Mark�t Value, as determined hy ihe City' s rr�arket analysis. !rt na case shaii the hangar r�te be
less ti�an the val�e assessed upon campfetion of a property a�praisal completed by a third party
vendar tha# has been approvad anc� secured by the City.
Rental rafes s�Zall be subject to an increase on Octa#�er 'fsk af ahy given year, based on fhe upward
percentag� change in #i�e Cansurr�er Price End�x for the Dailas��orf Wort� Mefropc,fitan area. At no
time will the adjusted rat� exce�:d th� rat� that is currenf in the Schedule of Rates and Ch�rges. Five-
year rate adjustmen#s will be ap�lied to the gro�nd rate star#ing on October 1, 2022 �nd eu�ry fiifh
year thereafter.
Iat�p:l/apps.cfwnet.o�•glcouncil�acket/inc revievtr.asp?TD=24Q86&councildale=12/13/2016 12/27/2016
M&C nc�zew
�ori Wort� Spinks Airport is lacaied in COUNCIL DISTRICT 6.
�'a�e 2 a�' 2
�15CAL, WF'ORMAi'�ONICERTIFICATI(3N:
The Director of E�inance certifies that the Aviai�an Department is respnnsible for th� coilecfion and
dE�iQ51� C7� fUf1C�5 C�U�-" �0 lflE CIIy. U�]i3il I��CBI�7�, �IIeS�-' fUfl[�5 WIII �7� E���7DSElGC� I[ll� �Il� MLEIlIC1�3�I
Airpor�s �'uncf, Hangar L�ase R�venue Aceount, which has to#al estimated revenue in F'iscal Year
2017 of $1,126,105.�0 and year-to-dat� receipfs of $96,� 1�.47. The L.and �.ease Revenue Account,
wt�ich }�as tota) estimafed �even�e in Fiscal Year 2017 af $� ,6�4,578.00 and year-to-date recei�ts of
$� 56,765.82.
�und []�partment Account f'rojeci PragraEn Acti�ity Budget Reference # Amaunt
___ 1[7 ID Year (Ct�arffielc! 2)
OM
_._.____ _
�und aepartmen� Account Praject �'rogram Activlty Budget Referettce #� Amounf
IT3 ip Year lChartfi�ld 2l
Submlfted for City Manager`s Office hy:
�rictinating bepartm�n# Head:
Addi�innai Information Contact:
�'ernando Costa (6122)
Bill Welstead (5402)
Aaron Barth (5434)
Anr�e�Mar[e Stowe (54�5}
AT�'ACHMENTS
�arm �295_Dumonf Grou„�.pdf
Form 9255 Newane.ndf
MAI' �SFWS TERMNEWONE CRNDHGRLEASEDUM4NT . df
htip,l/ap��s.cfwnet.orglcouncil packe�lmc �'eview.asp`?ID=2�4086&councilc�ate=12/13/2016 12127l20Ib