HomeMy WebLinkAboutContract 36456-T1 CITY SECRETARY#
FoRT1 WORTH,
CONTRACT NO, 4
V .
December 18, 2013
VIA CER TFIED MAIL
[7013 1090 0000 2196 13211
Cinram Wireless, LL
Attn. William Muel ler
860 Via de la Paz, Sprite F4
Pacific Palisades, CA 910272
Re.- Notice of Termination o x Abatement Agreement
(City S
ert�.. Contract �� � ��� 56 Amended by ���i Secretary Contract N . 3�' 3
(collectively, the Agreement
Dear Mr. Mueller-.
As of December 28, 2007 the City of Fort Worth (the "City" and Cinram Wireless LLC
("Cinram") entered into the above-referenced Agr em nt for construction, of a wireless telephone
manufacturing fac ity (the"Required Improvements"') that would be operated and maintained by Cinram
on property located at 5300 Westport Parkway, (the " and") Cinram leased the Land from Alliance
Gateway, N. . 11, Ltd., which subsequently assigned its interest in that lease to AT Industrial Owner
LLC. In return for Cinram's meeting various obligations specifically set forth in the Agreement, the City
agreed to grant Cinrarn a 101-year tax abatement n Cinram's lease old interest, if any, in the Land and
any improvements thereon,on, including the Required Improvements, as well as on certain taxable tangible
personal property located on the Hand.
Section 1.3 of the Agreement regU r s that throughout the term of the Agreement, the Land and
the Required Improvements must be operated and maintained by Cinram as a wireless teleph ne
manufacturing facility. The City has been advised that Cinram has vacated the Land and the Required.
Improvements, which constitutes an Event of Default under the Agreement. Accordingly, pursuant to
Section 4.2 of the Agreement, the City is hereby exercising its right to terminate this Agreement
immediately.
If your disagree with any statement provided herein, please provide a written response within ten
(10), calendar days to. Peter V'aky, Deputy City Attorney, City of Fort Worth, 1000 17hrockmorton, :fort
Worth, TX 76102.
S incerely,
owl
Fernando Costa
Assistant City Manager
c AT Industrial Owner 7, LLC
Laurie Zirpel
13600 I eritage parkway, Suite 2
Fort Worth,TX 7
CITY MANAGER'S OFFICE
THE CITY F ORT WOR rH 1000 THROCKMORTON STR13ET* FORT WO F' ,TEXAS 76102
REC�IVED DE,C 2 01 2013 817-392-6111* FAX 817-392-6134