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HomeMy WebLinkAboutContract 64042CSC No. 64042 FORT WORTH A VIA TI ON DEPARTMENT ADMINISTRATION BUILDING OFFICE LEASE FORT WORTH MEACHAM INTERNATIONAL AIRPORT This ADMINISTRATION BUILDING OFFICE LEASE AGREEMENT ("Lease") is made and entered into by and between the CITY OF FORT WORTH ("Lessor"), a home rule municipal corporation under the State of Texas, acting by and through Valerie Washington, its duly authorized Assistant City Manager, and BISDORFPALMER, LLC ("Lessee"), a Texas Business acting by and through BRIAN BISDORF AND LUKE PALMER, its duly authorized OWNERS. In consideration of the mutual covenants, promises and obligations contained herein, the parties agree as follows: 1.PROPERTY LEASED. Lessor demises and leases to Lessee the following real prope1ty (hereinafter referred to as "Premises") in the Administration Building ("Admin Building") at Fo1t Wo1th Meacham International Airpo1t ("Airport") in Fort Worth, Tarrant County, Texas: 1885.50 square feet of office space identified as Suite 310, Third Level, depicted on Exhibit "A", attached hereto and hereby made a part of this Lease for all purposes. 2.TERM OF LEASE. 2.1 Initial Term The Initial Term of this Lease shall commence on October 1, 2025 ("Effective Date") and expire at 11 :59 PM on September 30, 2026. In order to terminate this Agreement, for any cause stated herein, a pa1ty must provide the other paity with written notice of its intent to terminate not less than thi1ty (30) days prior to the effective date of such termination. 2.2 Renewal Term If Lessee performs and abides by all provisions and conditions of this Lease, upon expiration of the Initial Term of this Lease, Lessee shall have four consecutive options to renew this Lease, each option for an additional successive term of one year each (each a "Renewal Term") at a rental rate calculated in accordance with Section 3.1 of this Lease and on terms and conditions that may be prescribed by Lessor at the time. Lessee shall notify Lessor in writing of its intent to exercise a respective option not less than ninety (90) nor more than one hundred eighty (I 80) days prior to the expiration of the term then in effect. If Lessee does not exercise its option for a first Renewal Term within the time frame provided herein, Lessee shall no longer have any rights or interest in the Premises following the expiration of the Initial Term and will have no rights to any Renewal Terms thereafter. Fort Worth Meacham International Airport Administration Building Office Lease Agreement Bisdorf Palmer-Suite 310 Page I of 19 2.3 Holdover. If Lessee holds over aftec the expiration of the Initial Term or any Renewal Term, this action will cceate a month-to-month tenancy. In this event, for and duci�lg the holdover period, Lessee agrees to pay all applicable rentals, fees and cha�ges at the rates provided by Lessor's Schedule of Rates and Charges or similarly published schedule in effect at the time of the Holdover. The rate will be adjusted to equal the then Faic Macicet Value, as determined by Lessor's mari<et analysis. In no case shall the rate be less than the value assessed upon completion of a property appraisal completed by a third-pacty vendor that has been approved and secured by Lessor. A ten peccent (10%) increase will be added to the Faic Marlcet Value rate until a new lease agceement is appcoved and executed. The holdover peciod will not exceed six (6) months fi�om the time the curcent lease agceement expires. Upon the expication of the holdovet• period, the City may exercise all legal rights and remedies available, including but not limited to evictio�i 3. RENT. 3.1. Rates and Adiustments. Lessee shall pay Lessor rent for the Office Space based on a rental rate of $18.50 pec• square foot which will be payable in monthly installments of $2,906.81, for an annual rental rate of $34,881.75 (Thirty-Four Thousand Eight Hundred Eighty- One and 75/100 dollars). On October 1, 2026, and on October 1 st of each year thereaftec in which this Lease is still in effect, Lessee's rental rate shall be adjusted to comply with the rates prescribed for the Premises by Lessor's Schedule of Rates and Chacges in effect at the respective time. In no event shall Lessee's monthly cental rate exceed the then-current rates pcescribed by Lessor's published Schedule of Rates and Charges fot� the type or types of pcopet�ty at the Airport similar to the type or types of propei�ty that comprise the Premises. 3.2. Pavment Dates and Late Fees. Monthly rent payments undec this Lease are due on or before the first (1S�) day of each month. Payments must be received during normal worlcing hours by the due date at the location for Lessor's Revenue Ofiice as set forth in Section 17. Rent shall be considered past due if Lessor has not received full payment on or before the 10��' day of the month foi• which payment is due. Without limiting Lessor's termination rights as provided by this Lease, Lessoc will assess a late penalty charge of ten per•cent (10%) each month on the entire balance of any overdue cent that Lessee may accrue. 4. UTILITIES. Lessoc agrees and covenants that it will pay for all utilities in use on the Pcemises, with the exception of telephone utilities and internet service. Lessee agrees that all electrically- Fort Worth Meacham Intemational Airport Administration Building Office Lease Agreement Bisdorf Palmer— Suite 310 Page 2 of 19 operated equipment which may be used on the Pcemises shall fully comply with the City of Fort Wocth Mechanical, Electrical, Plumbing, Fice and Building Codes, as they exist or may Ileceafter be amended. 5. MAINTENANC� AND R�PAIRS. 5.1. Maintenance and Repairs by Lessor. Lesso►• shall provide janitorial services to the Premises. Lessor agcees to perfor�n minoc repaics and maintenance on a timely basis as required by the ordinaty use of the Premises under the terms of this Lease and which are not caused by any violation thereof by Lessee. Lessor shall have the right and pcivilege, thcough its officei•s, agents, seivants or employees to inspect the Premises at any time. If Lessoc determines that Lessee is responsible for any maintenance oc repaics eequiced on the Pcemises, it shall notify Lessee in writing. Lessee agrees to undertalce such maintenance oc repair worl< within thirty (30) calendar days of receipt of notice. If Lessee fails to undertake the maintenance or repairs recommended within this time, Lessor may, in its disci•etion, perform the necessary maintenance or repai►•s on behalf of Lessee. In this event, Lessee will reimbucse Lessoc for the cost of the maintenance or repaics, and payment will be due on the date of Lessee's next monthly rental payment following completion of the repaits. 5.2. Maintenance and Repairs by Lessee. Lessee agcees to keep and maintain the Pcemises in a good, clean and sanitary condition at all times. Lessee covenants and agcees that it will not make oc• suffer any waste of the Premises. Lessee shall not allow any holes to be drilled or made in the brick, plastec or cement work. Lessee will not pile or stot•e boxes, cartons, baccels or other similar items in a manner that is unsafe or unsightly. Upon termination of this Lease, Lessee agcees to ceturn the Premises to Lessor in the same condition as originally received, subject to ocdinaiy wear and tear consistent with normal use over time. Lessee is responsible for all damages caused by the negligence or misconduct of Lessee, its agents, servants, employees, contractors, subcontractors, patrons, licensees, invitees or. For any portion of the Premises located in the basement of the Administration Building, Lessee shall provide, at Lessee's own expense, and use covered metal receptacles for the tempora�•y storage of all tcash and gacbage and arcange and pay foc the sanitary transpoct and permanent disposal away fi�om the Airport of all of Lessee's trash, garbage and cefuse. 5.3. Inspection. Lessoc, through its offcers, agents, servants o�� employees, reserves the right to enter the Premises at any time in order to perform any and all duties or obligations which Fort Worth Meacham International Airport Administration Building OfEice Lease Agreement Bisdorf Pahner— Suite 310 Page 3 of 19 Lessoc is authorized or cequired to do �ulder the tecros of this Lease or to perform its governmental duties undec federal, state or local rules, cegulations and laws (including, but not limited to, inspections undec applicable Health, Mechanical, Building, Electcical, Plwnbing, and Fice Codes, or other health, safety and general welfare cegulations). Lessee will peimit the Fire Marshal of the City of Fort Worth or his agents to mal<e inspection of the Premises at any time, and Lessee will comply with al( recommendations made to Lessee by the Fire Marshal or his agents to bring the Premises into compliance with the City of Fort Worth Fice Code and Building Code pi•ovisions regacding fire safety, as such pi•ovisions exist or may heceaftei• be added or amended. Lessee shall maintain in a proper condition accessible fice extinguisher of a number and type approved by Fire Underwriters foc the particular hazacd involved. Lessor shall provide Lessee with advance notice of inspection when reasonable undec the circumstances. 6. ACCEPTANCE OF PREMIS�S. Lessee agrees and covenants that it has inspected the Premises and is fully advised of its own rights without i•eliance upon any representation made by Lessoi• concerning the condition of the Premises. Lessee accepts the Premises in its present condition as satisfactocy for all pucposes set focth in this Lease. 7. CONSTRUCTION AND IMPROVEMENTS. Lessee may not undertalce or allow any party to undertalce any kind of altecation, erection, improvement or other construction worlc on or to the Premises unless it fiist cequests and i•eceives in writing approval fcom the Airpoct Systems Directoc or authorized representative. All such approved construction worl< on and improvements to the Premises shall comply fully with the Americans with Disabilities Act of 1990, as amended. E:� 7�.7'� 1►[!� Lessee shall have the cight to use the designated public parking aceas to the extent available and in accordance with policies established by the Director of Airpoi�t Systems or authorized representative, for the parking of company vehicles and the vehicles of its employees, licensees or invitees, subject to all ordinances and i•egulations of the City of Foct Worth and all other applicable laws. 9. USE OF PREMISES. Lessee agrees to use the Premises exclusively for the ptu•pose pi•oposed to and approved by the Department of Aviation. Any p�•oposed change to the use and activity within the lessee space must be approved by the Department of Aviation prior to the change occurc•ing. Fort Worth Meacham Intemational Airport Administration Building Otlice Lease Agreement Bisdorf Palmer— Suite 310 Page 4 of 19 10. SIGNS. Lessee may, at its own expense and with the pcior wcitten approval of the Airpoct Systems Directoi• oc authoi•ized represe�ltative, ci•eate, install, and maintain signage. Such signs, however, must be in 1<eeping with the size, coloc, location and manner of display of other signs thcoughout the Administcation Building. In addition, Lessee may not install a sign outside the Administcation Building on Lessor's propei�ty without prior written approval by the Ai�•port Systems Directoc or authorized repcesentative as to the sign's placement, appeai•ance, construction, and conformity with applicable City Code i•estcictions. The Meacham Administration Building's location sign on Main Street is part of the airport's Unified Signage Agceement. All associated signage panels must be appcoved and procured by the lessor. The lessee will remit payment in advance to the lessor foc the sign panel cost. Lessee shall maintain all signs in a safe, neat, sightly and physically good condition. Lessee agc•ees to pay Lessor for any damage, injuty or necessary repairs to the Pi•emises resulting fi•om the installation, maintenance or cemoval of any such sign. Lessee also agrees to cemove any signs at its own expense immediately upon receipt of instcuctions foc such removal fi•om the Aicpo��t Systems Dicector or authorized representative. 11. RIGHTS AND RESERVATIONS OF LESSOR. Lessoc hereby retains the following rights and resecvations: 11.1. All fixtuc�es and items pecmanent(y attached to any stcucture on the Pcemises belong to Lessor, and any additions oc alterations made thereon, shall immediately become the property of Lessor. 11.2. Lessor reserves the right to talce any action it considers necessary to protect the aecial approaches of the Airpo►�t against obstcuction, including, but not limited to, the right to prevent Lessee fi•om erecting or peimitting to be erected any building or other structure which, in the opinion of Lessor, would limit the usefulness of the Airpo►•t, constitute a hazac•d to airci•aft or diminish the capability of existing or future avocational oc• navigational aids used at the Aicport. 11.3. Lessoc reserves the right to close temporarily the Airpot�t or any of its facilities fo�• maintenance, improvements, safety or security of either the Airpo��t or the public or for any other cause deemed necessary by Lessor. In this event, Lessoc shall in no way be liable for any damages asserted by Lessee, including, but not limited to, damages from an alleged discuption of Lessee's business operations. 11.4. This Lease shall be subordinate to the pcovisions of any existing oc future agreement between Lessor and the United States Government which relates to the opecation or maintenance of the Airport and is required as a condition for the Fort Worth Meacham International Airport Administration Building Office Lease Agreement Bisdorf Palmer— Suite 310 Page 5 of 19 expendituce of federal fiulds foc the development, maintenance or repaic of Airpoct infrastructure. 11.5. Ducing any wac or national emei•gency, Lessor shall have the right to lease any part of the Aicport, including its landing area, to the United States Govecnment. In this event, any pcovisions of this insti•ument which are inconsistent with the pcovisions of the lease to the Govecnment shall be suspended. Lessoi• shall not be liable for any loss or damages alleged by Lessee as a result of this action. Howevec•, nothing in this Lease shall prevent Lessee fi•om puisuing any rights it may have for ceimbu�sement from the United States Government. 11.6. Lessor covenants and agcees that duri►ig the term of this Lease it will operate and maintain the Airpoi�t and its facilities as a public airport consistent with and pursuant to the Sponsor's Assut•ances given by Lessor to the United States Government through the Federal Airport Act; and Lessee agrees that this Lease and Lessee's rigl�ts and privileges hereunder shall be subordinate to the Sponsor's Assucances. 12. INSURANC�. Lessee shall procure and maintain at all times, in full focce and effect, a policy oc policies of insurance as specified herein, naming the City of Fort Worth as an additional insured and covering all public rislcs related to the leasing, use, occupancy, maintenance, existence or location of the Premises. Lessee shall obtain the required insurance specified to be maintained by a commercial tenant in accocdance with �xhibit "B", the "City of Foi�t Wo��th Aviation Insucance Requirements" attached heceto and made pa►�t of this Lease foi• all purposes. In addition, Lessee shall be cesponsible for all insucance to construction, improvements, modifications or renovations to the Premises and for pecsonal property of its own or in its care, custody or control. 12.1. Adjustments to Required Covera�e and Limits. Insurance requirements, including additional types of covecage and incceased limits on existing coverages, are subject to change at Lessor's option and as necessary to cover Lessee's and any Sublessees' operations at the Airport. Lessee will accocdingly comply with such new requirements within thicty (30) days following notice to Lessee. 12.2 Lessee shall procure and maintain at all times, in full foi•ce and effect, a policy or policies of insurance as more pacticularly set fo��th in �xhibit "B", which is attached hei�eto and incorporated hecein fot• all purposes. 12.3 As a condition precedent to the effectiveness of this Lease, Lessee shall fucnish Lessor with appropciate ce��tificates of ins�u•ance signed by the respective insurance companies as proof that it has obtained the types and amounts of insu�•ance coverage Fort Worth Meacham Intemational Airport Administration Quilding Office Lease Agreement Bisdorf Palmer— Suite 3l0 Page 6 of 19 i•equired herein. Lessee hereby covenants and agrees that not less than thicty (30) days prioc to the expiration of any insurance policy required hereundec, it shall pi•ovide Lessor with a new oc i•enewal cei•tificate of insurance. In addition, Lessee shall, at Lessor's cequest, pcovide Lessor with evidence that it has maintained such coverage in full force and effect. 13. IND�P�ND�NT CONTRACTOR. It is expressly understood and agreed that Lessee shall opecate as an independent contcactor as to all rights and privileges granted herein, and not as an agent, repcesentative oc employee of Lessor. Lessee shall have the exclusive right to control the details of its operations and activities on the Premises and shall be solely responsible for the acts and omissions of its officers, agents, servants, employees, contractors, subcontractors, patcons, licensees and invitees. Lessee acl<nowledges that the doctrine of �•espo»deat szipe��io�• shall not apply as between Lessor and Lessee, its officers, agents, employees, contractors and subcontractors. Lessee fui•thei• agrees that nothing herein shall be construed as the creation of a pactnet�ship or joint enterprise between Lessor and Lessee. 14. IND�MNIFICATION. LESSEE HEREBYASSUMESALL LIABILITYAND RESPONSIBILITYFOR PROPERTY LOSS, PROPERTY DAMAGE AND/OR PERSONAL INJURY OF ANY KIND, INCL UDING DEATH, TD ANY AND ALL PERSONS, OF ANY KIND OR CHARACTER, WHETHER REAL OR ASSERTED, ARISING OUT OF OR IN CONNECTION WITH THE USE OF THE MEACHAM AIRPORT TERMINAL BUILDING AND SURROUNDING PARKING LOTS UNDER THIS LEASE OR WITH THE LEASING, MAINTENANCE, USE, OCCUPANCY, EXISTENCE OR LOCATION OF THE PREMISES, EXCEPT TO THE EXTENT CA USED BY THE NEGLIGENT ACTS OR OMISSIONS OR INTENTIONAL MISCOND UCT OF LESSOR. LESSEE COVENANTS AND AGREES TO, AND DOES HEREBY, INDEMNIFY, HOLD HARMLESSAND DEFEND LESSOR, ITS OFFICERS, AGENTS, SERVANTSAND EMPLOYEES, FROM AND AGAINST ANY AND ALL CLAIMS OR LAWSUITS FOR EITHER PROPERTY DAMAGE OR LOSS (INCL UDING ALLEGED DAMAGE OR LOSS TO LESSEE'S BUSINESSAND ANY RESULTING LOST PROFITS) AND/OR PERSONAL INJURY, INCL UDING DEATH, TO ANi' AND ALL PERSONS, OF ANY KIND OR CHARACTER, WHETHER REAL OR ASSERTED, ARISING OUT OF OR IN CONNECTION WITH THE USE OF THE MEACHAMAIRPORT TERMWAL B UILDING AND SURROUNDING PARKING LOTS UNDER THIS LEASE OR WITHTHE LEASING, MAINTENANCE, IISE, OCCUPANCY, EXISTENCE OR LOCATION OF THE PREMISES, EXCEPT TO THE EXTENT CA USED BY THE NEGLIGENT ACTS OR OMISSIONS OR INTENTIONAL MISCONDUCT OF LESSOR. LESSEE ASSUNIES ALL RESPONSIBILITY AND AGREES TO PAY LESSOR FOR ANY AND ALL INJURY OR DAMAGE TO LESSOR'S PROPERTY WHICHARISES OUT OF OR IN CONNECTION WITH ANY AND ALL ACTS OR OMISSIONS OF LESSEE, ITS Fort Worth Meacham Intemational Airport Administration Building Oftice Lease Agreement Bisdorf Palmer— Suite 310 Page 7 of 19 OFFICERS, AGENTS, EA�PLOYEES, CONTRACTORS, SUBCONTRACTORS, LICENSEES, INVITEES, OR PATRONS, EXCEPT TO THE EXTENT CAUSED I3Y THE NEGLIGENT ACTS OR OMISSIONS OR INTENTIONAL MISCOND UCT OF LESSOR. LESSOR DOES NOT GUARANTEE POLICE PROTECTION TO LESSEE OR ITS PROPERTY. LE.SSOR SHALL NOT BE RESPONSIBLE FOR INJURi' TO ANY PERSON ON THE PREMISES OR FOR HARtLi TO ANI' PROPERTY WHICH I3ELONGS TO LESSEE, ITS OFFICERS, AGENTS, SEIZVANTS, EMPLOI'EES, CONTRACTORS, SUI3CONTRACTORS, LICENSEES, INVITEES OR PATRONS, AND WHICH MAY BE STOLEN, DESTROYED OR IN ANY i�AY DAMAGED; AND LESSEE HEREBY INDEMNIFIES AND HOLDS HARMLESS LESSOR, ITS OFFICERS, AGENTS, SERVANTS AND EMPLOYEES FRONI AND AGAINST ANY AND ALL SUCH CLAIMS, EXCEPT TO THE EXTENT CAUSED BY THE NEGLIGENT ACTS OR OMISSIONS OR INTENTIONAL MISCOND UCT OF LESSOR. 15. WAIVER OF CHARITABLE IMMUNITY OR EXEMPTION. If Lessee, as a charitable association, corporation, pactne��ship, individual enterpi•ise or entity, claims immunity to or an exemption from liability for any kind of property damage or personal damage, injury oy death, Lessee hereby expressly waives its rights to plead defensively any such immunity or exemption as against Lessor. 16. TERIVIINATION. In addition to teimination rights contained elsewhere in this Lease, Lessor shall have the right to tecminate this Lease as follows: 16.1. Failure by Lessee to Pay Rent, Fees or Other Char�es. If Lessee fails to pay any rent, fees or other cha�ges due under this Lease, Lessoc shall deliver to Lessee a written invoice and notice to pay the invoice within ten (10) calendar days. If Lessee fails to pay the balance outstanding within such time, Lessor shall have the right to te�•minate this Lease immediately. 16.2. Breach or Default by Lessee. If Lessee commits any breach or default, other than Lessee's failuce to pay rent, Lessor shall deliver written notice to Lessee specifying the nature of such breach or default. Lessee shall have thirty (30) calendar days following receipt of such written notice to cure, adjust oc cocrect the problem to the standacd existing prior to the bceach. If Lessee fails to cure the breach or default within such time pei•iod, Lessor shall have the right to tecminate this Lease immediately, unless such breach or default is not susceptible to aree within thirty (30) calendac days, in which event Lessee shall have such additional time to effect a cuce as detecmined by Lessor. Fort Worth Meacham International Airport Administration Building Oftice Lease Agreement Bisdorf Palmer— Suite 3l0 Page 8 of 19 16.3. Abandonment or Non-Use of the Premises. Lessee's abandonment or non-use of the Premises for any reason foc more than thicty (30) consecutive calendar days shall constitute growlds for immediate termination of this Lease by Lessor, unless such non-use is caused by Force Majeui�e, as set forth in Section 27 below. 16.4. Lessee's Financial Obligations to Lessor upon Termination, Breach o►• Default. If Lessoc terminates this Lease for any non-payment of rent, fees or othec charges or for aily othec breach oc default as provided in Sections 16.1, 16.2 oc 16.3 of this Lease, Lessee shall be liable for and shall pay to Lessor all rent due Lessoi• for the remainder of the tecm then in effect as well as all arrearages of rentals, fees and chacges payable hereunder. In no event shall a ceentty onto or reletting of the Pcemises by Lessor be construed as an election by Lessor to foi-feit any of its rights under this Lease. 16.5. Ri�hts of Lessor Upon Termination o►• Expiration. Upon termination or expiration of this Lease, all rights, powers and privileges granted to Lessee hereunder shall cease and Lessee shall vacate the Premises. Within twenty (20) days following the effective date of tecmination oi• expiration, Lessee shall cemove fi•om the Pcemises all tcade fixtures, tools, machinery, equipment, materials and supplies placed on the Premises by Lessee pursuant to this Lease. After such time, Lessor shall have the cight to talce full possession of the Premises, by focce if necessaiy, and to remove any and all parties and property remaining on any part of the P►•emises. Lessee agrees that it will asse��t no claim of any Icind against Lessor, its agents, servants, employees or representatives, which may stem fi•om Lessor's termination of this Lease oc any act incident to Lessor's assertion of its right to terminate or Lessor's exercise of any rights granted hereunder. 16.6. Termination Due to Aeronautical Need for Leasehold Due to the Non-Aeronautical related use of the Premises under this Lease, in the unlilcely event that an aeronautical use foc the leased premises is deemed necessary by Lessor, Lessor shall have the cight to terminate this Lease and shall provide thi��ty (30) days w�•itten notice to vacate the premises. 17. NOTIC�S. Notices cequired pursuant to the provisions of this Lease shall be conclusively determined to have been deliveced wllen (1) hand-delivered to the other party, its agents, employees, servants oi• ►•epresentatives, oc• (2) deposited in the United States Mail, postage prepaid, addressed as follows: Fort Worth Meacham International Airport Administration Building Ofhce Lease Agreement Disdorf Palmer— Suite 310 Page 9 of 19 To LESSOR: 18. 19. 20. 21. City of Fort Worth Aviation Department 20 ] Amecican Concourse, Suite 330 Fort Worth, Texas 76106-2749 Mail Payments to: City of Foct Worth PO Box 99005 Fort Wocth, TX 76199-0005 ASSIGNMENT AND SUBLETTING. TO L�SS��: BisdocfPalmer, LLC 201 Amecican Concourse, Suite 310 Foct Woctll, TX 76106 Bcian Bisdorf and Lulce Palmec 682-224-4001 / brian@bisdot•fpalmec.com Lessee shall not assign, sell, convey, sublet or tcansfer any of its rights, privileges, duties or interests granted by this Lease without the advance written consent of Lessor. Any such tcansaction attempted by Lessee without prior written consent by Lessor shall be null and void. If Lessoc consents to any such tcansaction, the respective assignee or sublessee shall consent to comply in writing with all tecros and conditions set forth in this Lease the same as if that pacty had originally executed this Lease. LIENS BY L�SS�E. Lessee acicnowledges that it has no authority to engage in any act or to mal<e any contract which may cceate or be the foundation for any lien upon the property or interest in the property of Lessor. If any such pu�•pocted lien is created oc filed, Lessee, at its sole cost and expense, shall liquidate and dischacge the same within thirty (30) days of such creation or filing. Lessee's failure to dischacge any such purported lien shall constitute a breach of this Lease and Lessor may terminate this Lease immediately. Howevec, Lessee's financial obligation to Lessor to liquidate and discharge such lien shall continue in effect following termination of this Lease and until such a time as the lien is discharged. TAXES AND ASSESSMENTS. Lessee agrees to pay any and all federal, state oc local taxes or assessments which may lawfully be levied against Lessee due to Lessee's use or occupancy of the Premises or any improvements or property placed on the Premises by Lessee as a result of its occupancy. COMPLIANCE WITH LAWS, ORDINANC�S, RULES AND REGULATIONS. Lessee covenants and agcees that it shall not engage in any unlawful use of the Premises. Lessee fucther agrees that it shall not permit its officers, agents, servants, employees, contractors, subcontcactors, patcons, licensees or invitees to engage in any unlawful use of the Premises and Lessee immediately shall remove fcom the Premises any pe�•son engaging Fort Worth Meacham International Airport Administration Building O�ce Lease Agreement Bisdorf Pahner— Suite 310 Page 10 of 19 in such unlawful activities. Unlawful use of the Pcemises by Lessee itself shall constitute an immediate breach of this Lease. Lessee agcees to comply with all federal, state and local laws; all ordinances, rules and regulations of the City of Fort Worth and tl�e City of Foct Worth Police, Fire and Health Depactments; all cules and regulations established by the Airpoi-t Systems Directoc; and all rules and regulations adopted by the City Council pectaining to the conduct requiced at aicports owiled and operated by the City, as such laws, ordinances, rules aiid �•egulations exist or may hereafte�• be amended or adopted. If Lessor noti�es Lessee oc any of its officecs, agents, employees, contractors, subcontcactors, licensees or invitees of any violation of such laws, ordinances, rules or regulations, Lessee shall immediately desist fi•om and corcect the violation. 21.1 Compliance with Minimum Standards and Schedule of Rates and Char�es: Lessee hei•eby agcees to comply at all times with the City's Minimum Standards, as may be adopted by the City Council fi•om time to time. Lessee shall be bound by any chaiges adopted in the City's Schedule of Rates and Chatges, as may be adopted by the City Council from time to time. 22. NON-DISCRIMINATION COVENANT. Lessee, for itself, its personal representatives, successocs in interest and assigns, as part of the considecation herein, agrees as a covenant cunning with the land that no peison shall be excluded from participation in or denied the benefits of Lessee's use of the Premises on the basis of age, i•ace, color, national origin, celigion, disability, sex, sexual orientation, transgender, gender identity or gender expression. Lessee fui�ther agrees for itself, its peisonal representatives, successors in interest and assigns that no person shall be excluded from the provision of any services on or in the construction of any improvements or alterations to the Premises on grounds of age, ��ace, color, national origin, religion, disability, sex, sexual orientation, tcansgender, gender identity or gender expression. Lessee agrees to furnish its accommodations and to price its goods and services on a fair and equal basis to all persons. In addition, Lessee covenants and agcees that it will at all times comply with any requirements imposed by or pucsuant to Title 49 of the Code of Federal Regulations, Part 21, Non-Discrimination in Federally Assisted Progcams of the Depai�tment of Transpo�•tation and with any amendments to this regulation which may hereafter be enacted. If any claim arises fcom an alleged violation of this non-discrimination covenant by Lessee, its personal cepcesentatives, successors in interest oc assigns, Lessee agrees to indemnify Lessor and hold Lessor harmless. Port Worth Meacham [nternational Airport Administration Building Office Lease Agreement Bisdorf Pahner— Suite 310 Page I I of 19 23. LICENS�S AND PERMITS. Lessee shall, at its sole expense, obtain and 1<eep in effect all licenses and permits necessary for the operation of its business at the Airpoct. 24. GOV�RNMCNTAL POW�RS. It is understood and agceed that by execution of this Lease, the City of Fort Wocth does not waive or sucrender any of its governmental powecs. 25. NO WAIVER. The failure of Lessor to insist upon the pei•formance of any term or provision of this Lease or to exercise any cight granted herein shall not constitute a waiver of Lessoc's c•ight to insist upon appropriate pecfocmance or to assei�t any such cight on any future occasion. 26. VENUE. Should any action, whether real or asserted, at law or in equity, arise out of the terms of this Lease oi• by Lessee's operations on the Premises, venue for such action shall lie in state courts in Tacrant County, Texas, oc the United States District Court for the Northecn Distcict of Texas, Fort Worth Division. This Lease shall be construed in accordance with the laws of the State of Texas. 27. ATTORNEYS' FEES. In the event there should be a breach or default under any pcovision of this Lease and either party should cetain attorneys or incur other expenses for the collection of ��ent, fees oc charges, or the enforcement of performance or obsecvances of any covenant, obligation or agreement, Lessor and Lessee agree that each party shall be cesponsible foc its own attorneys' fees. 28. SEVERABILITY. If any provision of this Lease shall be held to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected oc impaired. 29. FORCE MAJEUR�. Lessor and Lessee shall exercise evecy reasonable effort to meet their respective obligations as set fot�th in this Lease, but shall not be held liable foi• any delay in or omission of performance due to force majeuce or other causes beyond their ceasonable contcol, including, but not limited to, compliance with any government law, ordinance or cegulation, acts of God, acts of omission, fires, strilces, locicouts, national disasteis, wars, Fort Worth Meacham International Airport Administration Building Otlice Lease Agreement Bisdorf Pahner— Suite 310 Page 12 of 19 riots, material oc labor cestcictions by any govecnmental authority, transpoctation pcoblems and/or any other cause beyond the reasonable control of the pacties. 30. HEADINGS NOT CONTROLLING. Headings and titles used in this Lease are for cefecence purposes only and shall not be deemed a part of this Lease. 31. SIGNATURE AUTHORITY. The peison signing this agreement heceby warrants that he/she has the legal authocity to execute this agreement on behalf of the respective pacty, and that such binding authority has been granted by proper order, resolution, ordinance or othei• authorization of the entity. Each pa��ty is fully entitled to rely on these waccanties and cepresentations in entering into this Agreement oc• any amendment hereto. 32. CHAPTER 2270 OF TH� TEXAS GOVERNMENT COD�. Lessee acicnowledges that in accocdance with Chaptec 2270 of the Texas Government Code, the City is pcohibited fi•om entering into a conteact with a company for goods or services unless the contract contains a written verification fi•om the company that it: (1) does not boycott Israel; and (2) will not boycott Israel ducing the term of the contract. The terms "boycott Israel" and "company" shall have the meanings ascribed to those tecros in Section 808.001 of the Texas Government Code. By signing this Lease, Lessee certifres that Lessee's sigirati�t�e provi�les written verificatro�t to t/re City thrrt Lessee: (1) does �zot boycott Isrtrel; and (2) wil/ hot boycott Isf�ae/ dtn�ing tlte term of the Lease. 33. ENTIR�TY OF AGREEMENT. This written instc•ument, including any documents incoiporated herein by reference, contains the entire understanding and agceement between Lessoc and Lessee, its assigns and successors in interest, as to the matters contained herein. Any prior or contemporaneous oral or written agreement is hereby declared null and void to the extent in conflict with any provisions of this Lease. The terms and conditions of this Lease shall not be amended unless agreed to in writing by both parties and approved by the City Council of Lessor. [Signatu�•e Pages to Follow] Fort Worth Meacham Intemational Airport Administration F3uilding Office Lease Agreement Bisdorf Pahner— Suite 310 Page 13 of 19 IN WITNESS WHEREOF, the parties hereto have executed this Agreement in multipleson this the � day of September 2025. CITY OF FORT WORTH: vq1..JJ� By: Va.[erie Washington (Sep 26, 2025 13:17:48 CDT)Valerie Washington Assistant City Manager Date: 09/26/2025 STATE OF TEXAS COUNTY OF T ARRANT § § BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, onthis day personally appeared Valerie Washington, known to me to be the person whose name issubscribed 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 26th day ------ September 2025. ANGELA D. CHRISP Notary Public STATE OF TEXAS Notary I.D. 134812443 My Comm. Exp. Mar. 18, 2028 APPROVED AS TO FORM AND LEGALITY: By: cS��g� �.?i�o2E�Sc!!)a r aCandace Pagliara Assistant City Attorney M&C Date: 09.16.2025 M&C No.: 25-0888 1295 Certification No.: 2025-1343579 Notary Public in and for the State of Texas ATTEST: By: _F ___ i_� __ :o-_°"_•ll ___ _ Jannette S. Goodall cfC City Secretary Fort Worth Meacham International Airport Administration Building Office Lease Agreement Bisdorf Palmer-Suite 310 Page 14 of 19 Contract Compliance Manager: By signing, I acicnowledge that I am the person cesponsible for the monitoring and administcation of this contract, including ensuring all pei•formance and repoi•ting requicements. dc�� �eec�� Bai•bara Goodwin Real Property Manager LESS��: BISDORFPALMER, LLC b�ict,� b�crv� Y: b�a�brsdo�(sep�a,�ms���55� ❑�I Brian Bisdorf Co-Owner Date: 9/23/2025 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 Brian Bisdorf, known to me to be the person whose name is subscribed to the foregoing instcument, and acicnowledged to me that the same was the act of BisdorfPalmer, LLC and that he executed the same as the act of BisdorfPalmer, LLC. for the pucposes and consideration therein expressed and, in the capacity, therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE this 23rd day of September , 2025. A�r�c�el� D. Chrisp Angela . hrisp (Sep 23, 2025 16:38:47 CDT) Notaty Public in and for the State of Texas o�PR�P�a, ANGELA D. CHRISP � * Notary Public STATE OF TEXAS y�oF�P Notary I.D. 134812443 My Comm. Exp. Mar. 18, 2028 Fort Worth Meacham International Airport Administration Building Office Lease Agreement Bisdorf Pahner— Suite 310 Page I S of 19 STATE OF TEXAS COUNTY OF '�A(l)�A(`a'f BEFORE ME, the undersigned authocity, a Notary Public in and foi• the State of Texas, on this day pe�sonally appeared Luke Palmer, lcnown to me to be the pecson whose name is subscribed to the fo�•egoing insttument, and acknowledged to me that the same was the act of BisdorfPalmer, LLC and that he executed the same as the act of BisdorfPalmer, LLC. for the purposes and consideration therein expcessed and, in the capacity, thej•ein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE this p� r� da of Y �Q,m�,�" , Zo2s. .�`"v�'��, ANGELA D. CHRISP ; �►a:.. �, ; :i;•� �_Notary Public, State of Texas ;'��. 't; Comm. Expires 03-18-2028 y ..,,.. �'��0;,,�° Notary ID 134812443 C� w� Notaiy Public in and for the State of Texas Port Worth Meacham International Airport Administration E3uilding OR�ice Lease Agreement Bisdorf Pahner— Suite 310 Page 16 of 19 J / Date: �� � 2S Exhibit A � ^ ,y � �- � � � THIRD FLOOR BGALE��I/32"=I'-C" TENANT SPACE MEACHAM OFFICE BUILDING FORT WORTH, TX Hahnfeld architocts Hoffer planners Stanford ��«��o�s Port Worth Meacham Intemational Airport Administration [3uilding OCGce Lease Agreement Bisdorf Pahner— Suite 310 200 Bailey Ave., Suile 200 Fort Worlh, Iexas 78107 81 7.9�1.59?8 fax 817.302.0692 Page 17 of 19 Exhibit B FuRr���URTH _�_ ,,, �„��,. EXHIBIT B- h11NI�AUM INSURANCE REQUIREMENTS Commercial En��irmrre�tal Au[omcbile U�ili'y (To Propctty H.�garkec�ers Airera6t and Passenger Category Gene�al � Irrpairtncnt Include NirEd & Non-a.med Insuranc� Li3tifrty ���"ry Liabiirty ��3bility y�Ehicfeesy 5 Fxcd BaseOFerators [FBO's) Yes $5,000.000 $5,O�U,OOD $9,OQD,COQ $ 1.CCi3.00Q Aircrafr Mai�enance Opvator and Avionics or InswmeM Main!enance 's $1,OGD,COQ $t,00D,COQ S 1.00D,Q�G O ra:cr-Piston Aircrah Alaintenance Operator and A�a�nicsorinsWmentMain:ena�ce - S5,OC��.CGa St,OD�.000 S '..CO�.GD� 0 rator-Tur6inz kv,�nics a I.�swment Main;enance _ g�,{�00.CC@ 5 1_C�O n�r_� Opera!or (Bcnch vrak Onlyy AircraR Rental a Flight Training '3 Si.CCa�.CGC,'xcunence Operator 51.G7Q.C��G ` �; . S i.C�OQ,D00 s;c�,��:;_ �a�SE,a� AircraftCharterahircra': - 55..063.00:^..'occurrence Ala� emcnt0 r�or 51.C�DG.C�CQ � 5 t.GDQC�DC� 38 P' _ 5,.96.O�Crpasse:�p?• AircraRSaksOpErator SS.OYJ.067 S1.OG�.CC��'occ�rrence S 1,^�DD.OBO 51OC 09C,�passengr - S1,G�0,6CG $t,COC.ODG AirG af: Staags. Opr�,a - S€.C�]G.00Q '' b�.�Q.ODO � S 1.CO��.Q�G Aoiati�n ServicE Sde Prcpric+.or 's S1.D�C.GCG' S t.�J09.COC,'cccur. ence 5 250 nCC� s�c�a ana�ra55En�E- Oth<_rCarn�ialAcsona:�Jal �.1.C�8C.O�G $30D.GGC�o�curctice 5 t.CGO.G�G Ac7'r.riez Femporary Spc..�aized Ati'�ation Servite0 rra 31.OJC.G�G $3C��.C�JC,�a:ourcenc? S t.C��CCOC 4on-�cmmercial'HangarL�sc� - �?p�.C���'oce�rrenoe S �C�CG�� Nm �anmr.ciaf FFy?rr� Club _ S i:�G� �O�;aca�rrer.ce r, ri r $!7uA�G;p:ssen r S L"�Q �_ Nm-Commrcia.3e[.'-Fu��ir,d _ �. 1.L�9C.07�� 51.07G.�JCu S?U7.C����aa�ccro? S 7.006.GOC Permitee JEt Fuel and�o�.A•, as. `Jm-f.anrr,erci3 �el'-Fu_tin� Fermiiee - S���O,DCQ �3G].CGG'cce�rrer.c= i• 25C.C��O AltErn:�tive Fuels e. . rr ;s T-Ha�amrorCorrmuni!yHanBar - $3GD.GC�CJcccur.ert;:e $ 25L���CG O;F.er ':nsuranc� req���rn:er.;s subj�a to d�terminai�un ty A•.aatim a�e�rt.ment an� Risic 1�lanapdnEr. Addi;i�a� Ir,surar.ce Requiremcnts •L<t�,��s pr�licit5 areto be pri�ary co any U�er �:alid 'a9J CUIIECJt�i2 i�5tif:f10E 3':31I3�IE SO tF� Ciry •All pclic�es sha�l inNude a Wai�.�er cf S�b•op�aF� in f��rr uF ,he Ci,y (Temporary SASO must alsu include Airport Lessee� -The Ci:/ d Fort l^lonh shall te namsci as Hodi;onai ins�_re-�' (Temporary SASO must also include Airport Lessee� •Folicie� shall have no ero,uskr.is b� ec����rscmFr.�[, whi�h . neiCher nuili � a am�nd [ne requi�ec li�?s o` covkage, r� d�rease the iimi-s cf saie ;:��eag= � Cwerage per aircraf: shwld be e^y�i�. a�ent w ��e areaw airrah vah�e at mz time ani c�aerr�e �r occu�rence shouii hf c:,uiv:lenf to the ��•.traae d;h� rr�imum •.�alue o'to-ai aircrsh a: ore time, t�? n^t �ess tna� u`� amcunt nacc a�o.rt 'tvtusti�nclvde 4c�figeni Ins:r�ctix Co�.�aQe ' If aircrah swrage opertor is Frovdin2 su�lc+�sirs spa�e fr airc�a`: s!or.age j Or.ly rcaui•ed for ihose p.ra.���na Fl:gh: instr�c;ior. � Dcpends m !y*r:s :A .ne le�e a�re?me±t f If icle �F;e� la�dsid� _ StatQ min:imurrs r�I� a 1 Aviation Minimum Standaads, Ci:� ot For.'d:c�'t� Ava�im �epytnenc j68763;2014) ['ort Worth MeTcham Intemational Airport Administration Building Office Lease Agreement F3isdorf Palmer— Suite 310 Page 18 of 19 DEFINITIDNS: Coverage for the Budding indudea (but es not limited to) the buiiding antl stru�Eures, completeC addition� to covered buildings, outdoor fcdures, pemianentty instailed fixlures, machinery and equipment. The building material used to maintain and service the insured's premises i, also insured. Business Personal Property o��vned by iB�e insured and used in th�e insured's b�ine ,s is covered for direct la,s or damage. The coti�eraqe includes (bu� is not limfted to) tumiture and fatures, stock, improveme�t, and beflerments, leased property for v,fiich you hati•e a contractua! obiiqation to insure and �everal other similar b�inew^, property items v�hen not speciflcaihj exetvded from co��rage. The policy �, atso designed to protect the insured against tos . or damage to the Pere.onal Property of Otliers vrhile in the insured's care, Cwtody and conVol. PROPERTI' II�SUI'.AS�CE Business Income (sometimes callvd Busine:s lnterruptron) afiords protectbn against tl�e toss of earnings ot a busiruess during the time required to rebu7d or repair covered property damaged or d�s�roy�ed by fire or some oUier i�sured cause of foss. Extra E�ense allo��vs coverage for those nddrtional e�enses over and aboti�e nomial operaGng a�en�e� pair! dus to damage to covered property from a covered cnuse of bsc. These e�enses could indade r�nt ut�fties, moving e�en,es. teleptuore, adti�ertising and (aE�or. This arY�erage protec� the insured for bodily injury or property damage to the thirri �arti�s, for wfiich they are legally liabl�. The poticy covers accidents occurting on the premises or away from tha premises. Coverage is provided for inj;�ry or damages arf ,ing out of gocds or products made or soid by t'�e name�i insured. Corerage is aKord•ed for the named insured arxl empby�ees of th,� rtamed insured; hawever, severaf indtti�duals and orgatizations other than the named insured may be covered depending upon certain c�cumseances s�c."fied in the policy. In a�d�ition to the lirmits, the policy provides supplemental payments for attomey fees, court cost� and other F�rns�s ossociated with a ciaim or the defense of a Gability suit_ Coverage A- Bodily injury and Property Uama�e Liability CONIIvIERCIAL GE�'EP.AL 8odily Injury mearu p�ty�ical injury, sickness or disease, indudina deafh. Pro¢erty Damage mear�, ph;�:cal i�jury LIASILI'1Z to tang��Ve property, includina the resuiYing fosr, of usE oi that property. Coverege B- Personal Injury and Advertisinp Injury Liability P�rsonal I�jury mean� fal �e an�esl; maitcious pfosecution; •nrorgful en��� or etiv�fion, lit�el, slander and �riofataru of a person's right oi privacy_ F+dvertlsin� In�ury mean� libel, slander, di,pa�genaen� VbUaSons o` a p�rtorls �ht of privacy, misappropnaticn and Copyn�M irfrngemer�t. Coverage C - Medical Payments P�7ea�;al PaymenM mEans medicai expenses for bodily iryurf cawe�l by an ecciden:. Insurvs the han�er operator fo! iegal ot�ligatbns to pay domages oue to A;a .c an aircraft that occu� Myen the fiANGARI�EEPERS aircra!; 6s in the care, c::stody �r corrtrol of the iruured for safekeeping, storaoe, service o� re;.air. Ccverage LIABILITY e�ends to liab�ity claims inrelving an aircrafPs lass of use. lruures ihe polE�fian e�osure as:�ciatec! v�ith the insured's propert,� an� operatlons, I.�ct;;di�g costs o.+ deanup and remedia! or cortecti�e acb�n due to a ttdrd-par*.p deman� o� a govemrnerrt order, 7T� po�D�ia� ex.ciwion in ge��erai �'VIROAfEn'rAi �,�bi�iry �nsuran�e effect�ae?y e�minates coverage tordamages for bo�ih� injur�r, prcpe��Y dan,2ge an�� eleanup casts IAIPIRI�IENT LIAEILZTI' arisc^g from n�ost types cf poi[ution everts. Because of this, c�tumi�e� pratecv�on for tnE pak�u�tion exposure oi nun�:erous insureds in this category is esserrtiaL Coverage ge�red spec'fiicaly to the operaCon af aircraft arxd the r�shs invoFJed in avia��n. AviaUon irsurance pc+fcies are dis�^xty d�`erent from ttxise for other areas of transportation anc tend ta i^�.oryara:e avia5en �t TP4CRAFT A'_VD terms^,cbogy�, as w�e7 as iermir,otogy, limits and clauses specifw: to a��3;ion insu�aros. Passengzr Iiat�ilitJ protects PASSENGEA T.IAEILIT]' Passengers r.d6rg i•.n the accident aireraftv�ho are �jured or ki�. In marry� countries �s cave�rage is man�ator/ only for oammercial or large alrcraf Ca�arage is o�:en sold cn a"per-seat" i:�sis, ���ith a specified 1rnR tor each pass�nger :.eat. Thre fiability co�erage a` the Business Auto Policy p�•vTd�. protection a�ains: ie�al IqyiflC� arisi�g a:.* oi tMe AUTOhfOEILE IIABFLFT7" oxT,e�hip; mak�enance cr � oi any vuurEd autorno�ile. The insuring �yreement a�rees to pay io� lwCfi�r iRjury TO II�CLL�DE HIItED & °f Praaerty dama�e forv�fiich t�a irsured i, Iegaity responsible because o` an a�ornobi�e accb3ent. The po'Ecy a�o KC�K-OS1'�'ED �'EHICLES g�tes tha¢, i� additior: to the paymeM of damage�, che insurer alsc agrees �o �efen� the insurev for all Iegai detensa cast Th� defense is in addition to the policy lim�ts. kr• sg��eenien# t:ehti�een Cn�o parties i� ��ich or:e party agrees t� x�ait�e subrogafrsr ��yh� ag2 nst 3rGthBr m the F�'AIVER OF ey�er.r c` a ioss_ The intent � to prerent one partys insurer from pursuing suhrogatic� against the other party. SLBRc� GATIG�� Aviation Minimum Standards. �irycf FM Wath Aoi�an Gepar7ment (02dD3;2�t4) Fort Worth Meacham International Airport Administration E3uilding Otiice Lease Agreement E3isdorf Palmer— Suite 310 Page 19 of 19 M&C Review CITY COUNCIL AGENDA Create New From This M&C Page 1 of 2 Official site of the City of Fort Worth, Texas FURT �'�ORTI I �� DATE: 9/16/2025 REFERENCE **M&C 25- LOG NAME: 55FTW BISDORFPALMER ADMIN NO.: 0888 BLDG OFFICE LEASE, STE 310 CODE: C TYPE: CONSENT PUBLIC N� HEARING: SUBJECT: (CD 2) Authorize Execution of an Administration Building Office Lease Agreement with BisdorfPalmer, LLC for Suite 310 at Fort Worth Meacham International Airport RECOMMENDATION: It is recommended that the City Council authorize execution of a one-year administration building office lease agreement with BisdorfPalmer, LLC for Suite 310 located at Fort Worth Meacham International Airport. DISCUSSION: The purpose of this Mayor and Council Communication (M&C) is to authorize execution of a one- year administration building office lease agreement with BisdorPalmer, LLC. On July 24, 2025, staff received a request from BisdorfPalmer, LLC (BisdorfPalmer) to enter into a new lease for approximately 1,885.50 square feet of third level office space known as Suite 310 at the Meacham Administration Building located at the Fort Worth Meacham International Airport. BisdorfPalmer has agreed to execute a new one-year lease agreement for Suite 310, consisting of approximately 1,885.50 square feet of third level office space at a rate of $18.50 per square foot (Lease). The initial term of this Lease shall commence on October 1, 2025 (Effective Date) and expire at 11:59 PM on September 30, 2026, one (1) year following the effective date. The Lease will include four (4) one-year options to renew for a total of an additional four (4) years, bringing the total Lease Term to five (5) years. Total revenue received from the Lease will be in the amount of $34,881.72 per year, payable in monthly installments of $2,906.81. On October 1, 2025, and on October 1 st of each year thereafter in which this Lease is still in effect, BisdorfPalmer's rental rate shall be adjusted to comply with the rates prescribed for the Premises by Lessor's Schedule of Rates and Charges in effect at the respective time. BisdorfPalmer has agreed Suite 310 is finished-out and any construction or adjustments to the unit will be at its sole cost with no build-out or tenant allowance provided by the City of Fort Worth nor the Aviation Department in a manner consistent with Aviation Department policy. Fort Worth Meacham International Airport is located in COUNCIL DISTRICT 2. FISCAL INFORMATION/CERTIFICATION: The Director of Finance certifies that upon approval of the above recommendation and execution of the contract, funds will be deposited into the Municipal Airport Fund. The Aviation Department (and Financial Management Services) is responsible for the collection and deposit of funds due to the City. Fund Department ID OM Fund Department ID Account Project ID Account Project ID Program � Activity Program � Activity Budget Reference # Amount Year (Chartfield 2) Budget Reference # Amount Year (Chartfield 21 http://apps.cfwnet.ocg/council_pacicet/mc_ceview.asp?ID=33748&councildate=9/16/2025 9/16/2025 M&C Review Submitted for City Manager's Office bv: Originating Department Head: Additional Information Contact: ATTACHMENTS FID TABLE.xlsx (CFW Internal) Form 1295 .qdf (CFW Internal) Location Map Suite 310.pdf (CFW Internal) Valerie Washington (6199) Roger Venables (5402) Ricardo Barcelo (5403) Page 2 of 2 http://apps.cfwnet.org/councif_pacl<et/mc_review.asp?ID=33748&councildate=9/16/2025 9/16/2025