HomeMy WebLinkAbout064450 - General - Contract - SHSLA, LLCCSC No. 64450
FORT WORTH MEACHAM INTERNATIONAL AIRPORT
GROUND LEASE AGREEMENT
LEASE SITE 7C, 8C, 9C AND IOC
SHSLA, LLC
This GROUND LEASE AGREEMENT ("Lease") is made and entered into by and
between the CITY OF FORT WORTH ("Lessor" or the "City"), a home rule municipal
corporation organized under the laws of the State of Texas, acting by and through Valerie
Washington, its duly authorized Assistant City Manager, and SHSLA, LLC ("Lessee"), a
Delaware Limited Liability Company authorized to do business in the State of Texas , acting by and
through Tal Keinan, its duly authorized Chief Executive Officer.
In consideration of the mutual covenants, promises and obligations contained herein, the
parties agree as follows:
1. PROPERTY LEASED.
Lessor hereby demises to Lessee a total of 195,359 square feet ("Ground") of ground space
at Fort Worth Meacham International Airport ("Airport") in Fort Worth, Tarrant County,
Texas, identified as Lease Sites 7C, 8C, 9C, and IOC, ("Premises"), as shown in 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 the Lease ("Initial Term") shall commence on the date that is
thirty (30) days following the completion of the 2025 Stormwater Study
("Project"), a date that will be known as the "Commencement Date", and will
expire at 11:59 p.m. on the day that is one (1) day prior to the thirtieth (30th)
anniversary of the Commencement Date. The effective date of the Lease
("Effective Date") shall be the date the last party signs this Lease, as indicated
below. The parties agree that upon completion of the Project, the parties will
execute a Commencement Date Memorandum, in the form attached hereto as
Exhibit "D."
2.2 Renewals.
2.2.1 Lessee Renewal Option.
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 one (1)
option to renew for an additional (10) ten years each (a "Renewal Term").
To exercise the option to renew, Lessee must provide written notice to
Lessor of its intent to renew no less than ninety (90) days and no more than
SHSLA, LLC — Lease Sites 7C, 8C, 9C, and IOC
Ground Lease OFFICIAL RECORD
Fort Worth Meacham International Airport
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FT. WORTH, TX
one hundred eighty (180) days prior to the expiration of the Initial Term.
Failure to provide such notice within this time frame shall be deemed a
decision not to renew, and the Lease will terminate at the end of the Initial
Term.
2.2.2 Extension of Lease Term.
Notwithstanding the foregoing, in the event that the Lessor amends policy to
allow for a term that exceeds forty (40) years in total duration, Lessee shall
request to extend the Term of this Lease by amendment such that the total
duration of the Term (including any Renewal Term) equals the maximum
term allowed, provided that Lessee meets or exceeds the minimum
investment and development requirements at the time of the lease extension
("Extension Request"). Such request shall not be unreasonably withheld,
conditioned, or delayed, and is subject to City Council approval. The
purpose of the Extension Request is to ensure that Lessee maintains parity
with the most favorable lease terms offered at the Airport.
2.3. Holdover.
If Lessee holds over after the expiration of the Initial Term or any Renewal Term
(including an Extension of Lease Term pursuant to Section 2.2.2), this action will
create a month -to -month tenancy. In this event, for and during the holdover period,
Lessee agrees to pay all applicable rentals, fees and charges 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 rental rate will be adjusted to equal the then Fair
Market Value, as determined by Lessor's market analysis. In no case shall the rental
rate be less than the value assessed upon completion of a property appraisal
completed by a third -party vendor that has been approved and secured by Lessor. A
ten percent (10%) increase will be added to the Fair Market Value rate until a new
lease agreement is approved and executed. The holdover period will not exceed six
(6) months from the time the current lease agreement expires. Upon the expiration
of the holdover period, the City may exercise all legal rights and remedies available,
including but not limited to eviction.
3. COMPENSATION.
Upon the Effective Date, Lessee agrees to pay Lessor, in consideration for this Lease, an
annual payment of Ninety -Five Thousand Seven Hundred Twenty -Six dollars and 00/100
($95,725.91), at the current rate of Forty -Nine cents ($0.49) per square foot, payable in
monthly installments of Seven Thousand Nine Hundred and Seventy -Seven dollars and
17/100 ($7,977.16).
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Fort Worth Meacham International Airport
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4. RENT.
4.1. Ground Rate.
Lessee shall begin the payment of rent for the Ground on the Effective Date. Lessee
hereby promises and agrees to pay Lessor, as annual rent for the Ground, the
published rate per square foot as indicated on the most current Schedule of Rates and
Charges at the time of the Effective Date, payable in monthly installments.
4.2. Rate Adjustments.
4.2.1. Consumer Price Index Adjustments.
The rental rates under this Lease are based on Lessor's current published
Schedule of Rates and Charges. Rental rates are subject to increase
beginning October 1, 2027, and on October 1st of any subsequent year
during the Initial Term and any Renewal Term, to reflect any upward change
in the Consumer Price Index for the Dallas/Fort Worth Metropolitan Area, as
announced by the United States Department of Labor or successor agency (i)
for the first increase, since the Effective Date of this Lease and (ii) for each
subsequent increase, since the effective date of the last increase (the
"Annual Rent Adjustment"); provided, however, that Lessee's rental rates
shall not exceed the then -current rates prescribed by Lessor's published
Schedule of Rates and Charges for a ground lease at the Airport.
4.2.2. Five -Year Adjustments, Ground Rate.
In addition to the Annual Rent Adjustments, on October 1, 2032, and every
fifth (5th) year thereafter for the remainder of the term of the Initial Term
(i.e. on October I' of 2037, 2042, 2047, 2052, 2057), the Ground rental rate
shall automatically be adjusted to equal the then -current rates prescribed by
the Schedule of Rates and Charges.
4.3. Payment Dates and Late Fees.
Monthly rent payments are due on or before the first (1st) day of each month.
Payments must be received during normal business hours by the due date at the
location for Lessor's Aviation Department set forth in Section 16. Rent shall be
considered past due if Lessor has not received full payment after the tenth (IOth) day
of the month for which payment is due. Without limiting Lessor's termination rights
as provided by this Lease, Lessor will assess a late penalty charge of ten percent
(10%) per month on the entire balance of any overdue rent that Lessee may accrue.
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5. CONSTRUCTION AND IMPROVEMENTS.
5.1. Mandatory Improvements.
As additional security for this Lease, Lessee covenants and agrees that it shall
construct not less than 74,560 square feet of improvements for hangar, office or
other aviation related uses (the "Mandatory Improvements"), as referenced in
Exhibit `B".
"Commencement of Construction" will be defined for all Phases of Mandatory
Improvements in this Lease as the date when a Construction Permit has been issued,
there has been an approved plan review, and breaking ground has occurred on the
property subject to this Lease.
5.1.1 Lessee shall commence construction within eleven (11) months following
the Commencement Date of this Lease. Construction and issuance of a Certificate
of Occupancy of not less than 74,560 square feet of hangar space to include office
space, and an approximately associated apron and vehicle parking spaces shall be
completed no later than eighteen (18) months after construction commenced.
5.1.2. Lessee shall complete the Mandatory Improvements according to the Project
Schedule ("Schedule"), as identified in Exhibit `B-1". For each major task on the
Schedule, Lessee shall provide, at a minimum, a 24-hour advance notice of
commencement.
5.1.3. At the completion of construction, Lessee shall provide to the Lessor: a
copy of the Certificate of Occupancy, a complete set of Record Drawings and/or As -
Built Drawings in Adobe PDF and AutoCAD formats, and a Summary of the total
cost/value of the Mandatory Improvements.
Lessee shall fully comply with all provisions of Section 5 in the performance of any
such Mandatory Improvements. Should construction not be completed as evidenced
by the issuance of a Certificate of Occupancy within the applicable time period set
forth above, Lessee shall be in default of this Lease and Lessor shall terminate
Lessee's rights to the Premises in its entirety.
In the event that Lessor and Lessee agree to deviate from the terms, provisions,
specifications or conditions of this Lease in any way, an Amendment to the Lease
shall be signed and dated by both Lessor and Lessee and shall be attached to and
made a part of this Lease and shall supersede the previous terms, provisions, and
specifications as specifically identified. Upon issuance of the Certificate of
Occupancy Lessor shall take full title to the Mandatory Improvements on the
Premises.
The commencement and completion dates set forth in this Section 5.1, the Schedule
are subject to the provisions of Section 28 below, and any delay by reason of force
majeure shall result in a day -for -day extension of the period for performance,
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provided that the parry is diligently and continuously pursuing in good faith a
remedy to the delay during such time.
Lessee shall fully comply with all provisions of this Section 5 in the performance of any
such Mandatory Improvements. Should construction not be substantially completed as
evidenced by the issuance of a Certificate of Occupancy for any Phase within the applicable
time period set forth above, Lessee shall be in default and, subject to Lessee's right to cure
set forth in Section 15.2 below, Lessor shall have the right to terminate Lessee's rights to
that portion of the Premises that is dedicated to the applicable Phase and all subsequent
Phases, and an Amendment to the Lease shall be executed with a revision to Exhibit "A",
Section 1, Section 4.1 and Section 5.1. All other provisions of this Lease shall remain in
place for the Mandatory Improvements completed, as set forth in this Section 5.1. Should
construction not commence, Lessee shall be in default of this Lease and Lessor shall
terminate Lessee's rights to the Premises in its entirety, subject to Lessee's cure rights set
forth in Section 15.2 below.
In the event that Lessor and Lessee agree to deviate from the terms, provisions,
specifications or conditions of this Lease in any way, an Amendment to the Lease shall be
signed and dated by both Lessor and Lessee and shall be attached to and made a part of this
Lease and shall supersede the previous terms, provisions, and specifications as specifically
identified. Upon issuance of the Certificate of Occupancy in each of the Phases or earlier
termination of this Lease, Lessor shall take full title to any Mandatory Improvements on the
Premises.
The commencement and completion dates in this Section 5 are subject to the provisions of
Section 28 below, and any delay by reason of force majeure shall result in a day -for -day
extension of the period for performance, provided that the parry is diligently and
continuously pursuing in good faith a remedy to the delay during such time.
5.2. Discretionary Improvements.
Lessee may, at its sole discretion, perform modifications, renovations, improvements
or other construction work on or to the Premises (collectively, "Improvements") so
long as it first submits all plans, specifications and estimates for the costs of the
proposed work in writing and also requests and receives in writing approval from the
Director of Aviation or authorized representative ("Director"). Lessor agrees to
respond in writing to Lessee's requests for approval within thirty (30) calendar days
of receipt of such requests. Lessee covenants and agrees that it shall fully comply
with all provisions of this Section 5 in the undertaking of any such Improvements.
Lessor shall take full title to any Improvements on the Premises upon the expiration
or earlier termination of this Lease, provided that trade fixtures shall remain the
property of Lessee and may be removed so long as Lessee repairs any damage
caused thereby.
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5.3. Process for Approval of Plans.
Lessee's plans for Improvements shall conform to the Airport's architectural
standards and must also receive written approval from the City's Departments of
Planning and Development and Transportation and Public Works. All plans,
specifications and work shall conform to all federal, state and local laws, ordinances,
rules and regulations in force at the time that the plans are presented for review.
5.4. Documents.
Lessee shall supply the Director with comprehensive sets of documentation relative
to any Improvement, including, at a minimum, as -built drawings of each project.
As -built drawings shall be new drawings or redline changes to drawings previously
provided to the Director. Lessee shall supply the textual documentation in computer
format as requested by Lessor.
5.5. Bonds Required of Lessee.
Prior to commencing any Mandatory or Discretionary Improvement, Lessee shall
provide Lessor with a bond issued in Lessee's own name separate from and in
addition to any contractor's bond. The bond must be executed by a corporate surety
in accordance with Chapter 2253 of the Texas Government Code, as amended, and
shall be in the full amount of each applicable construction contract or project. The
bond shall guarantee (i) satisfactory compliance by Lessee with all applicable
requirements, terms and conditions of this Lease, including, but not limited to, the
satisfactory completion of the respective Improvements, and (ii) full payments to all
persons, firms, corporations or other entities with whom Lessee has a direct
relationship for the construction of such Improvements.
In lieu of the required bond, Lessee may provide Lessor with a cash deposit or an
assignment of a certificate of deposit in an amount equal to 125% of the full amount
of each construction contract or project. If Lessee makes a cash deposit, Lessee
shall not be entitled to any interest earned thereon. Certificates of deposit shall be
from a financial institution in the Dallas -Fort Worth Metropolitan Area which is
insured by the Federal Deposit Insurance Corporation and acceptable to Lessor. The
interest earned on the certificate of deposit shall be the property of Lessee and
Lessor shall have no rights in such interest. If Lessee fails to complete the respective
Improvements, or if claims are filed by third parties on grounds relating to such
Improvements, Lessor shall be entitled to draw down the full amount of Lessee's
cash deposit or certificate of deposit and apply the proceeds to complete the
Improvements or satisfy the claims, provided that any balance shall be remitted to
Lessee.
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Fort Worth Meacham International Airport
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5.6. Bonds Required of Lessee's Contractors.
Prior to the commencement of any Mandatory or Discretionary Improvement,
Lessee's respective prime contractor shall execute and deliver to Lessee surety
performance and payment bonds in accordance with the Texas Government Code,
Chapter 2253, as amended, in the amount of the respective contract price to cover
the costs of all work performed under such contractor's contract for such
Improvements. Lessee's prime contractor shall also furnish a maintenance bond in
an amount equal to the contract price as security to protect Lessor against any
defects in any portion of the improvements. The maintenance bond shall remain in
effect for two (2) years after the date of final acceptance of the improvement by
Lessor. Lessee shall provide Lessor with copies of such bonds prior to the
commencement of such Improvements. The bonds shall guarantee (i) the faithful
performance and completion of all construction work in accordance with the final
plans and specifications as approved by Lessor and (ii) full payment for all wages
for labor and services and of all bills for materials, supplies and equipment used in
the performance of the construction contract. Such bonds shall name both Lessor
and Lessee as dual obligees. If Lessee serves as its own contractor, Section 5.5.
shall apply.
5.7. Releases by Lessor Upon Completion of Construction Work.
Lessor will allow Lessee a dollar -for -dollar reimbursement from its cash deposit
account or reduction of its claim upon Lessor's certificate of deposit upon (i), where
Lessee serves as its own contractor, verification that Lessee has completed
construction work or (ii), where Lessee uses a contractor, receipt of the contractor's
invoice and verification that the contractor has completed its work and released
Lessee to the extent of Lessee's payment for such work, including bills paid,
affidavits and waivers of liens.
6. USE OF PREMISES.
Lessee hereby agrees to use the Premises solely for aviation -related purposes permitted
under the City's Minimum Standards and strictly in accordance with the terms and
conditions of this Lease. Lessee shall have the right to sublease portions of the Premises,
including individual hangars, to various third parties ("Sublessees") for aviation -related
purposes only under terms and conditions acceptable to and determined by Lessee, provided
that all such arrangements shall be in writing and approved in advance by Lessor. All
written agreements executed by Lessee to Sublessees for any portion of the Premises shall
contain terms and conditions that (i) do not conflict with Lessee's duties and obligations
under this Lease; (ii) incorporate the terms and provisions of this Lease; (iii) restrict the use
of the Premises to aircraft storage or other aviation or aviation -related purposes acceptable
to Lessor; and (iv) treat users of the same or substantially similar facilities in a fair and non-
discriminatory manner. Lessee shall use a standard lease form for all written Sublessees
and shall submit a copy of such standard lease form, excluding rental rates, to the Director
prior to Lessee's execution of its first lease and from time to time thereafter following any
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material changes to such lease form, including, without limitation, any changes to Lessee's
rental rates for portions of the Premises. Lessee may make non -material modifications to its
standard lease form to the extent that such are not contrary to Lessor's Sponsor's
Assurances.
7. REPORTS, AUDITS AND RECORDKEEPING.
Lessor reserves the right to require Lessee to -provide Lessor with a written annual report, in
a form acceptable to the Director, that reflects Lessee's rental rates for any subleases of the
Premises in the immediately preceding calendar year. If required, such written annual report
shall be provided to Lessor within thirty (30) days following the end of the preceding
calendar year. Lessor may request, and Lessee shall promptly provide, similar reports on a
more frequent basis that reflect Lessee's rental rates for the period requested by Lessor.
These reports shall be delivered to Lessor's Department of Aviation at the address provided
in Section 15. In addition, Lessee shall keep and maintain books and records pertaining to
Lessee's operations at the Airport and other obligations hereunder in accordance with
Lessee's current basis of accounting or, if Lessee changes such basis, in a manner
satisfactory to Lessor's Internal Auditor and at a location within the City of Fort Worth.
Lessee's basis of accounting will be deemed to be to the satisfaction of Lessor's Internal
Auditor if it is in compliance with industry standards or generally accepted accounting
principles. Upon Lessor's request and following reasonable advanced notice, Lessee will
make such books and records available for review by Lessor during Lessee's normal
business hours. Lessor, at Lessor's sole cost and expense, shall have the right to audit such
books and records in order to ensure compliance with the terms of this Lease and the
Sponsor's Assurances made by Lessor to the Federal Aviation Administration.
8. UTILITIES.
Lessee, at Lessee's sole cost and expense, shall be responsible for the installation and use of
all utility services to all portions of the Premises and for all other related utility expenses,
including, but not limited to, deposits and expenses required for the installation of meters.
Lessee further covenants and agrees to pay all costs and expenses for any extension,
maintenance or repair of any and all utilities serving the Premises. In addition, Lessee
agrees that all utilities, air conditioning and heating equipment and other electrically
operated equipment which may be used on the Premises shall fully comply with Lessor's
Mechanical, Electrical, Plumbing, Building and Fire Codes ("Codes"), as they exist or may
hereafter be amended.
9. MAINTENANCE AND REPAIRS.
9.1. Maintenance and Repairs by Lessee.
Lessee agrees to keep and maintain the Premises in a good, clean and sanitary
condition at all times, reasonable wear and tear excepted. Lessee covenants and
agrees that it will not make or suffer any waste of the Premises. Lessee, at Lessee's
sole cost and expense, will make all repairs or replacements necessary to prevent the
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Fort Worth Meacham International Airport
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deterioration in condition or value of the Premises, including, but not limited to, the
maintenance of and repairs to all hangars and other structures, doors, windows and
roofs, and all fixtures, equipment, hangar modifications and surrounding pavement
on the Premises. Lessee shall be responsible for all damage caused by Lessee, its
agents, servants, employees, contractors, subcontractors, licensees or invitees, and
Lessee agrees to fully repair or otherwise cure all such damages at Lessee's sole cost
and expense.
Lessee agrees that all improvements, trade fixtures, furnishings, equipment and other
personal property of every kind or description which may at any time be on the
Premises shall be at Lessee's sole risk or at the sole risk of those claiming under
Lessee. Lessor shall not be liable for any damage to such property or loss suffered
by Lessee's business or business operations which may be caused by the bursting,
overflowing or leaking of sewer or steam pipes, from water from any source
whatsoever, or from any heating fixtures, plumbing fixtures, electric wires, noise,
gas or odors, or from causes of any other matter.
9.2. Compliance with ADA.
Lessee, at its sole cost and expense, agrees to keep and maintain the Premises in full
compliance at all times with the Americans with Disabilities Act of 1990, as
amended ("ADA"). In addition, Lessee agrees that all improvements it makes at the
Airport shall comply with all ADA requirements.
9.3. Inspections.
9.3.1. Lessor shall have the right and privilege, through its officers, agents, servants
or employees, to inspect the Premises. Except in the event of an emergency, Lessor
shall conduct such inspections during Lessee's ordinary business hours and shall use
its best efforts to provide Lessee at least four (4) hours' notice prior to any
inspection.
9.3.2. If Lessor determines during an inspection of the Premises that Lessee is
responsible under this Lease for any maintenance or repairs, Lessor shall notify
Lessee in writing. Lessee agrees to begin such maintenance or repair work within
thirty (30) calendar days following receipt of such notice and to then complete such
maintenance or repair work within a reasonable time, considering the nature of the
work to be done. If Lessee fails to begin the recommended maintenance or repairs
within such time or fails to complete the maintenance or repairs within a reasonable
time, Lessor may, in its discretion, perform such maintenance or repairs on behalf of
Lessee. In this event, Lessee will reimburse Lessor for the cost of the maintenance
or repairs, and such reimbursement will be due on the date of Lessee's next monthly
rent payment following completion of the maintenance or repairs.
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9.3.3. During any inspection, Lessor may perform any obligations that Lessor is
authorized or required to perform under the terms of this Lease or pursuant to its
governmental duties under federal state or local laws, rules or regulations.
9.3.4. Lessee will permit the City's Fire Marshal or his or her authorized agents to
inspect the Premises and Lessee will comply with all requirements of the Fire
Marshal or his or her authorized agents that are necessary to bring the Premises into
compliance with the City of Fort Worth Fire Code and Building Code provisions
regarding fire safety, as such provisions exist or may hereafter be amended. Lessee
shall maintain in proper condition accessible fire extinguishers of a number and type
approved by the Fire Marshal or his or her authorized agents for the particular
hazard involved.
9.4. Environmental Remediation.
To the best of Lessor's knowledge, the Premises comply with all applicable federal,
state and local environmental regulations or standards. Lessee agrees that it has
inspected the Premises and is fully advised of its own rights without reliance upon
any representation made by Lessor concerning the environmental condition of the
Premises. LESSEE, AT ITS SOLE COST AND EXPENSE, AGREES THAT IT
SHALL BE FULLY RESPONSIBLE FOR THE REMEDIATION OF ANY
VIOLATION OF ANY APPLICABLE FEDERAL, STATE OR LOCAL
ENVIRONMENTAL REGULATIONS OR STANDARDS THAT IS CAUSED
BY LESSEE, ITS OFFICERS, AGENTS, SERVANTS, EMPLOYEES,
CONTRACTORS, SUBCONTRACTORS OR INVITEES.
10. SIGNS.
Lessee may, at its sole expense and with the prior written approval of the Aviation Director,
install and maintain signs on the exterior of the hangar or Premises related to Lessee's
business operations. Such signs, however, must be in keeping with the size, color, location
and manner of display of other signs at the Airport. Lessee shall maintain all such signs in a
safe, neat, sightly and physically good condition.
11. RIGHTS AND RESERVATIONS OF LESSOR.
Lessor hereby retains the following rights and reservations:
11.1. Lessor reserves the right to take any action it considers necessary to protect the aerial
approaches of the Airport against obstruction, including, but not limited to, the right
to prevent Lessee from erecting or permitting to be erected any building or other
structure which, in the opinion of Lessor, would limit the usefulness of the Airport,
constitute a hazard to aircraft or diminish the capability of existing or future
avigational or navigational aids used at the Airport.
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11.2. Lessor reserves the right to develop and improve the Airport as it sees fit, regardless
of the desires or view of Lessee, and without interference or hindrance by or on
behalf of Lessee. Accordingly, nothing contained in this Lease shall be construed to
obligate Lessor to relocate Lessee because of any such Airport developments or
improvements.
11.3. This Lease shall be subordinate to the provisions of any existing or future agreement
between Lessor and the United States Government, which relates to the operation or
maintenance of the Airport and is required as a condition for the expenditure of
federal funds for the development, maintenance or repair of Airport infrastructure.
In the event that any such existing or future agreement directly causes a material
restriction, impairment or interference with Lessee's primary operations on the
Premises ("Limitation") for a period of less than seven (7) calendar days, this Lease
shall continue in full force and effect. If the Limitation lasts more than seven (7)
calendar days, Lessee and Lessor shall negotiate in good faith to resolve or mitigate
the effect of the Limitation. If Lessee and Lessor are in good faith unable to resolve
or mitigate the effect of the Limitation, and the Limitation lasts between seven (7)
and one hundred eighty (180) days, then for such period (i) Lessee may suspend the
payment of any rent due hereunder, but only if Lessee first provides adequate proof
to Lessor that the Limitation has directly caused Lessee a material loss in revenue;
(ii) subject to ordinary wear and tear, Lessor shall maintain and preserve the
Premises and its improvements in the same condition as they existed on the date
such Limitation commenced; and (iii) the term of this Lease shall be extended, at
Lessee's option, for a period equal to the duration of such Limitation. If the
Limitation lasts more than one hundred eighty (180) days, then (i) Lessor and Lessee
may, but shall not be required to, (a) further adjust the payment of rent and other
fees or charges, (b) renegotiate maintenance responsibilities and (c) extend the term
of this Lease, or (ii) Lessee may terminate this Lease upon thirty (30) days' written
notice to Lessor.
11.4. During any war or national emergency, Lessor shall have the right to lease any part
of the Airport, including its landing area, to the United States Government. In this
event, any provisions of this instrument which are inconsistent with the provisions of
the lease to the Government shall be suspended. Lessor shall not be liable for any
loss or damages alleged by Lessee as a result of this action. However, nothing in
this Lease shall prevent Lessee from pursuing any rights it may have for
reimbursement from the United States Government. If any lease between Lessor
and the United States Government executed pursuant to this Section 10.4 directly
causes a Limitation for a period of less than seven (7) calendar days, this Lease shall
continue in full force and effect. If the Limitation lasts more than seven (7) calendar
days, Lessee and Lessor shall negotiate in good faith to resolve or mitigate the effect
of the Limitation. If Lessee and Lessor are in good faith unable to resolve or
mitigate the effect of the Limitation, and the Limitation lasts between seven (7) and
one hundred eighty (180) days, then for such period (i) Lessee may suspend the
payment of any rent due hereunder, but only if Lessee first provides adequate proof
to Lessor that the Limitation has directly caused Lessee a material loss in revenue;
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(ii) subject to ordinary wear and tear, Lessor shall maintain and preserve the
Premises and its improvements in the same condition as they existed on the date
such Limitation commenced; and (iii) the term of this Lease shall be extended, at
Lessee's option, for a period equal to the duration of such Limitation. If the
Limitation lasts more than one hundred eighty (180) days, then (i) Lessor and Lessee
may, but shall not be required to, (a) further adjust the payment of rent and other
fees or charges, (b) renegotiate maintenance responsibilities and (c) extend the term
of this Lease, or (ii) Lessee may terminate this Lease upon thirty (30) days' written
notice to Lessor.
11.5. Lessor covenants and agrees that during the term of this Lease it will operate and
maintain the Airport and its facilities as a public airport consistent with and pursuant
to the Sponsor's Assurances given by Lessor to the United States Government
through the Federal Airport Act; and Lessee agrees that this Lease and Lessee's
rights and privileges hereunder shall be subordinate to the Sponsor's Assurances.
11.6. Lessee's rights hereunder shall be subject to all existing and future utility and
drainage easements and rights -of -way granted by Lessor for the installation,
maintenance, inspection, repair or removal of facilities owned or operated by
electric, gas, water, sewer, communication or other utility companies. Lessee's
rights shall additionally be subject to all rights granted by any ordinance or statute
which allows utility companies to use publicly -owned property for the provision of
utility services.
11.7. Lessor agrees Lessee shall have the right of ingress and egress to and from the
Premises by means of roadways for automobiles and taxiways for aircraft including
access during the construction phase of airport improvements, unless otherwise
agreed to in writing by both parties. Such rights shall be consistent with the rules and
regulations with respect to the occupancy and use of airport premises as adopted
from time to time by the City of Fort Worth and by the Federal Aviation
Administration or any other state, federal or local authority.
12. INSURANCE.
Lessee shall procure and maintain at all times, in full force and effect, a policy or policies of
insurance as specified herein, naming the City of Fort Worth as an additional insured and
covering all public risks 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 Lessee in accordance with Exhibit "C", the "City of Fort
Worth Aviation Insurance Requirements" attached hereto and made part of this Lease for all
purposes.
In addition, Lessee shall be responsible for all insurance to construction, improvements,
modifications or renovations to the Premises and for personal property of its own or in its
care, custody or control.
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Ground Lease
Fort Worth Meacham International Airport
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12.1. Adiustments to Required Coverage and Limits.
Insurance requirements, including additional types of coverage and increased 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
accordingly comply with such new requirements within thirty (30) days following
notice to Lessee.
12.2 Lessee shall procure and maintain at all times, in full force and effect, a policy or
policies of insurance specified to be maintained by a commercial tenant as more
particularly set forth in Exhibit "C", which is attached hereto and incorporated
herein for all purposes.
12.3 As a condition precedent to the effectiveness of this Lease, Lessee shall furnish
Lessor with appropriate certificates of insurance signed by the respective insurance
companies as proof that it has obtained the types and amounts of insurance coverage
required herein. Lessee hereby covenants and agrees that not less than thirty (30)
days prior to the expiration of any insurance policy required hereunder, it shall
provide Lessor with a new or renewal certificate of insurance. In addition, Lessee
shall, at Lessor's request, provide Lessor with evidence that it has maintained such
coverage in full force and effect.
13. INDEPENDENT CONTRACTOR.
It is expressly understood and agreed that Lessee shall operate as an independent contractor
as to all rights and privileges granted herein, and not as an agent, representative or 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, patrons, licensees and
invitees. Lessee acknowledges that the doctrine of respondeat superior shall not apply as
between Lessor and Lessee, its officers, agents, employees, contractors and subcontractors.
Lessee further agrees that nothing herein shall be construed as the creation of a partnership
or joint enterprise between Lessor and Lessee.
14. INDEMNIFICATION.
LESSEE HEREBY ASSUMES ALL LIABILITY AND RESPONSIBILITY FOR
PROPERTY LOSS, PROPERTY DAMAGE AND/OR PERSONAL INJURY OF ANY
KIND, INCLUDING DEATH, TO ANY AND ALL PERSONS, OF ANY KIND OR
CHARACTER, WHETHER REAL OR ASSERTED, ARISING OUT OF OR IN
CONNECTION WITH ITS USE OF THE AIRPORT UNDER THIS LEASE OR WITH
THE LEASING, MAINTENANCE, USE, OCCUPANCY, EXISTENCE OR LOCATION
OF THE PREMISES, EXCEPT TO THE EXTENT CAUSED BY THE NEGLIGENCE
OR INTENTIONAL MISCONDUCT OF LESSOR, ITS OFFICERS, AGENTS,
SERVANTS OR EMPLOYEES.
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Ground Lease
Fort Worth Meacham International Airport
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LESSEE COVENANTS AND AGREES TO, AND DOES TO THE EXTENT
ALLOWED BY LAW, WITHOUT WAIVING ANY DEFENSES PROVIDED BY LAW,
HEREBY INDEMNIFY, HOLD HARMLESS AND DEFEND LESSOR, ITS
OFFICERS, AGENTS, SERVANTS AND EMPLOYEES, FROM AND AGAINST ANY
AND ALL CLAIMS OR LAWSUITS FOR EITHER PROPERTY DAMAGE OR LOSS
(INCLUDING ALLEGED DAMAGE OR LOSS TO LESSEE'S BUSINESS AND ANY
RESULTING LOST PROFITS) AND/OR PERSONAL INJURY, INCLUDING DEATH,
TO ANY AND ALL PERSONS, OF ANY KIND OR CHARACTER, WHETHER REAL
OR ASSERTED, ARISING OUT OF OR IN CONNECTION WITH LESSEE'S USE OF
THE AIRPORT UNDER THIS LEASE OR WITH THE USE, LEASING,
MAINTENANCE, OCCUPANCY, EXISTENCE OR LOCATION OF THE PREMISES,
EXCEPT TO THE EXTENT CAUSED BY THE NEGLIGENCE OR INTENTIONAL
MISCONDUCT OF LESSOR, ITS OFFICERS, AGENTS, SERVANTS OR
EMPLOYEES.
LESSEE ASSUMES ALL RESPONSIBILITY AND AGREES TO PAY LESSOR FOR
ANY AND ALL INJURIES OR DAMAGES TO LESSOR'S PROPERTY WHICH
ARISE OUT OF OR IN CONNECTION WITH ANY AND ALL ACTS OR OMISSIONS
OF LESSEE, ITS OFFICERS, AGENTS, EMPLOYEES, CONTRACTORS,
SUBCONTRACTORS, LICENSEES OR INVITEES, EXCEPT TO THE EXTENT
CAUSED BY THE NEGLIGENCE OR INTENTIONAL MISCONDUCT OF LESSOR,
ITS OFFICERS, AGENTS, SERVANTS OR EMPLOYEES.
LESSOR DOES NOT GUARANTEE -POLICE PROTECTION TO LESSEE, ANY
SUBLESSEES OR THEIR PROPERTY. LESSOR IS OBLIGATED ONLY TO
PROVIDE SECURITY ADEQUATE TO MAINTAIN LESSOR'S CERTIFICATION
UNDER FAA REGULATIONS. LESSEE SHALL COMPLY WITH ALL
APPLICABLE REGULATIONS OF THE FAA RELATING TO AIRPORT SECURITY.
LESSEE SHALL PAY ALL FINES IMPOSED BY THE FAA ON LESSOR OR
LESSEE RESULTING FROM LESSEE'S OR ANY SUBLESSEES' FAILURE TO
COMPLY WITH SUCH FAA REGULATIONS OR TO PREVENT UNAUTHORIZED
PERSONS OR PARTIES FROM THEIR OBTAINING ACCESS TO THE AIR
OPERATIONS AREA OF THE AIRPORT FROM THE PREMISES.
15. TERMINATION.
In addition to termination rights contained elsewhere in this Lease, Lessor shall have the
right to terminate this Lease as follows:
15.1. Failure by Lessee to Pay Rent, Fees or Other Charges.
If Lessee fails to pay any rent, fees or other charges due under this Lease, Lessor
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 terminate this Lease immediately.
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Ground Lease
Fort Worth Meacham International Airport
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15.2. Breach or Default by Lessee.
If Lessee commits any breach or default, other than Lessee's failure 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 or correct the problem to the standard existing prior to the
breach. If Lessee fails to cure the breach or default within such time period, Lessor
shall have the right to terminate this Lease immediately, unless such breach or
default is not susceptible to cure within thirty (30) calendar days, in which event
Lessee shall have such additional time to effect a cure as determined by Lessor.
15.3. Abandonment or Non -Use of the Premises.
Lessee's abandonment or non-use of the Premises for any reason for more than
thirty (30) consecutive calendar days shall constitute grounds for immediate
termination of this Lease by Lessor, unless such non-use is caused by Force
Majeure, as set forth in Section 27 below.
15.4. Lessee's Financial Obligations to Lessor upon Termination, Breach or Default.
If Lessor terminates this Lease for any non-payment of rent, fees or other charges or
for any other breach or default as provided in Sections 15.1, 15.2 or 15.3 of this
Lease, Lessee shall be liable for and shall pay to Lessor all rent due Lessor for the
remainder of the term then in effect as well as all arrearages of rentals, fees and
charges payable hereunder. In no event shall a reentry onto or reletting of the
Premises by Lessor be construed as an election by Lessor to forfeit any of its rights
under this Lease.
15.5. Rights of Lessor Upon Termination or 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 termination or expiration,
Lessee shall remove from the Premises all trade fixtures, tools, machinery,
equipment, materials and supplies placed on the Premises by Lessee pursuant to this
Lease. After such time, Lessor shall have the right to take full possession of the
Premises, by force if necessary, and to remove any and all parties and property
remaining on any part of the Premises. Lessee agrees that it will assert no claim of
any kind against Lessor, its agents, servants, employees or representatives, which
may stem from Lessor's termination of this Lease or any act incident to Lessor's
assertion of its right to terminate or Lessor's exercise of any rights granted
hereunder.
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Ground Lease
Fort Worth Meacham International Airport
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16. RIGHT OF FIRST REFUSAL FOR THE REMAINDER OF LEASE SITE IOC
Due to the 2025 Stormwater Study, Lessor has reserved a portion of the western end of
Lease Site IOC. Lessee shall have a right of first refusal to lease the remaining portion of
IOC as depicted on Exhibit A, totaling 32,881 square feet of ground space ("Remainder of
Lease Site 1 OC") under the terms and conditions herein ("Right"), as shown on Exhibit A-1.
In consideration for such Right, Lessee shall pay Lessor one cent ($0.01) per square foot of
the Remainder of Lease Site IOC, that amount being $328.81 annually, paid in monthly
installments of $27.40. Such amounts will not be subject to CPI increases throughout the 2-
year period in which the Right is in effect.
The Right will be subject to the conditions herein. At such time that the Remainder of Lease
Site IOC is no longer subject to drainage improvements by the Airport, Lessee shall be
provided notice by Lessor, in writing, of such change in circumstance and Lessee will have
thirty (30) business days to notify Lessor, in writing, of its intent to amend this lease to
include the additional square footage of the Remainder of Lease Site IOC. After expressing
its written intent to exercise the Right, Lessee shall have 60 days to enter into a lease for the
use of Remainder of Lease Site IOC with Lessor ("Proposed Amendment"). Failure to
provide written notice to Lessor of Lessee's intent to exercise its first right of refusal within
the time period specified above shall result in the forfeiture of that right. The Proposed
Amendment will require mandatory improvements to be agreed upon by the parties at the
time of execution, with such mandatory improvements to begin within the normal
timeframes laid out in the Lessor's Leasing Policy.
17. NOTICES.
Notices required pursuant to the provisions of this Lease shall be conclusively determined to
have been delivered (i) when hand -delivered to the other parry at such addresses listed
below, or at such other addresses as the receiving party designates by proper notice to the
sending party, or (ii) three (3) days after being deposited in the United States Mail, postage
prepaid, addressed as follows:
To LESSOR:
City of Fort Worth
Aviation Department
4201 N Main St, Suite 200
Fort Worth, TX 76106
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Fort Worth Meacham International Airport
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To LESSEE:
SHSLA LLC
CIO Sky Harbour LLC
136 Tower Road, Suite 205
White Plains, NY 10604
With a copy to:
Thompson Burton PLLC
1801 West End Avenue, Suite 1550
Nashville, TN 37203
Attn: Margaret Martin
Email:
Margaret.Martin(a,thompsonburton. com
18. MEMORANDUM OF GROUND LEASE AGREEMENT.
Lessor and Lessee shall each execute, acknowledge and deliver a Memorandum of Ground
Lease Agreement, as shown in Exhibit "E", attached hereto and hereby made a part of this
Lease for all purposes. Execution of a Memorandum of Ground Lease Agreement shall not
in any circumstances be deemed to change or otherwise affect any of the obligations or
provisions of this Agreement.
19. ASSIGNMENT AND SUBLETTING.
19.1. In General.
Lessee shall have the right to sublease portions of the Premises as provided by and
in accordance with Section 5 of this Lease. Otherwise, Lessee shall not assign, sell,
convey, sublease or transfer the entirety of its rights, privileges, duties or interests
granted by this Lease without the advance written consent of Lessor.
19.2. Conditions of Approved Assignments and Subleases.
If Lessor consents to any assignment or sublease, all terms, covenants and
agreements set forth in this Lease shall apply to the assignee or sublessee, and such
assignee or sublessee shall be bound by the terms and conditions of this Lease the
same as if it had originally executed this Lease. The failure or refusal of Lessor to
approve a requested assignment or sublease shall not relieve Lessee of its obligations
hereunder, including payment of rentals, fees and charges.
20. LIENS BY LESSEE.
Lessee acknowledges that it has no authority to engage in any act or to make any contract
which may create or be the foundation for any lien upon the property or interest in the
property of Lessor. If any such purported lien is created or filed, Lessee, at its sole cost and
expense, shall liquidate and discharge the same within thirty (30) days of such creation or
filing. Lessee's failure to discharge any such purported lien shall constitute a breach of this
Lease and Lessor may terminate this Lease upon thirty (30) days' written notice. However,
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.
21. TAXES AND ASSESSMENTS.
Lessee agrees to pay any and all federal, state or 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.
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Ground Lease
Fort Worth Meacham International Airport
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22. COMPLIANCE WITH LAWS, ORDINANCES, RULES AND REGULATIONS.
Lessee covenants and agrees that it shall not engage in any unlawful use of the Premises.
Lessee further agrees that it shall not permit its officers, agents, servants, employees,
contractors, subcontractors, patrons, licensees or invitees to engage in any unlawful use of
the Premises and Lessee immediately shall remove from the Premises any person engaging
in such unlawful activities. Unlawful use of the Premises by Lessee itself shall constitute an
immediate breach of this Lease.
Lessee agrees to comply with all federal, state and local laws; all ordinances, rules and
regulations, and minimum standards of Lessor; all rules and regulations and minimum
standards established by the Director; and all rules and regulations and minimum standards
adopted by the City Council pertaining to the conduct required at airports owned and
operated by the City, as such laws, ordinances, rules and regulations, and minimum
standards exist or may hereafter be amended or adopted. If Lessor notifies Lessee in
accordance with Section 15 above of any violation of such laws, ordinances, rules or
regulations, Lessee shall immediately desist from and correct the violation.
22.1 Compliance with Minimum Standards and Schedule of Rates and Charges:
Lessee hereby agrees to comply at all times with the City's Minimum Standards, as
may be adopted by the City Council from time to time. Subject to Article 4 above,
Lessee shall be bound by any charges adopted in the City's Schedule of Rates and
Charges, as may be adopted by the City Council from time to time.
23. NON-DISCRIMINATION COVENANT.
Lessee, for itself, its personal representatives, successors in interest and assigns, as part of
the consideration herein, agrees as a covenant running with the land that no person shall be
excluded from participation in or denied the benefits of Lessee's use of the Premises on the
basis of race, color, national origin, religion, disability, sex, sexual orientation, transgender,
gender identity or gender expression. Lessee further agrees for itself, its personal
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 race, color, national origin, religion, disability, sex, sexual
orientation, transgender, 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 agrees that it will at all times
comply with any requirements imposed by or pursuant to Title 49 of the Code of Federal
Regulations, Part 21, Non -Discrimination in Federally Assisted Programs of the Department
of Transportation and with any amendments to this regulation which may hereafter be
enacted.
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Fort Worth Meacham International Airport
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If any claim arises from an alleged violation of this non-discrimination covenant by Lessee,
its personal representatives, successors in interest or assigns, Lessee agrees to indemnify
Lessor and hold Lessor harmless.
24. LICENSES AND PERMITS.
Lessee shall, at its sole expense, obtain and keep in effect all licenses and permits necessary
for the operation of its operations at the Airport.
25. GOVERNMENTAL POWERS.
It is understood and agreed that by execution of this Lease, Lessor does not waive or
surrender any of its governmental powers.
26. NO WAIVER.
The failure of Lessor to insist upon the performance of any term or provision of this Lease
or to exercise any right granted herein shall not constitute a waiver of Lessor's right to insist
upon appropriate performance or to assert any such right on any future occasion.
27. VENUE AND JURISDICTION.
If any action, whether real or asserted, at law or in equity, arises on the basis of any
provision of this Lease or of Lessee's operations on the Premises, venue for such action
shall lie in state courts located in Tarrant County, Texas or the United States District Court
for the Northern District of Texas, Fort Worth Division. This Lease shall be construed in
accordance with the laws of the State of Texas.
28. ATTORNEYS' FEES.
In the event there should be a breach or default under any provision of this Lease and either
party should retain attorneys or incur other expenses for the collection of rent, fees or
charges, or the enforcement of performance or observances of any covenant, obligation or
agreement, Lessor and Lessee agree that each party shall be responsible for its own
attorneys' fees.
29. 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 or impaired.
30. FORCE MAJEURE.
Lessor and Lessee will exercise their best efforts to meet their respective duties and
obligations as set forth in this Agreement, but will not be held liable for any delay or
omission in performance due to force majeure or other causes beyond their reasonable
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Ground Lease
Fort Worth Meacham International Airport
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control, including, but not limited to, compliance with any government law, ordinance, or
regulation; acts of God; acts of the public enemy; fires; strikes; lockouts; natural disasters;
wars; riots; epidemics or pandemics; government action or inaction; orders of government;
material or labor restrictions by any governmental authority; transportation problems;
restraints or prohibitions by any court, board, department, commission, or agency of the
United States or of any States; civil disturbances; other national or regional emergencies; or
any other similar cause not enumerated herein but which is beyond the reasonable control of
the Party whose performance is affected (collectively, "Force Majeure Event"). The
performance of any such obligation is suspended during the period of, and only to the extent
of, such prevention or hindrance, provided the affected Party provides notice of the Force
Majeure Event, and an explanation as to how it prevents or hinders the Party's performance,
as soon as reasonably possible after the occurrence of the Force Majeure Event, with the
reasonableness of such notice to be determined by the Lessor in its sole discretion. The
notice required by this section must be addressed and delivered in accordance with this
Lease. A Force Majeure Event does not relieve the Lessee of its obligation to pay rent
unless otherwise agreed upon in writing.
31. SIGNATURE AUTHORITY.
The person signing this agreement hereby warrants that he/she has the legal authority to
execute this agreement on behalf of the respective parry, and that such binding authority has
been granted by proper order, resolution, ordinance or other authorization of the entity. Each
parry is fully entitled to rely on these warranties and representations in entering into this
Agreement or any amendment hereto.
32. HEADINGS NOT CONTROLLING.
Headings and titles used in this Lease are for reference purposes only and shall not be
deemed a part of this Lease.
33. CHAPTER 2270 OF THE TEXAS GOVERNMENT CODE.
Lessee acknowledges that in accordance with Chapter 2270 of the Texas Government Code,
the City is prohibited from entering into a contract with a company for goods or services
unless the contract contains a written verification from the company that it: (1) does not
boycott Israel; and (2) will not boycott Israel during the term of the contract. The terms
"boycott Israel" and "company" shall have the meanings ascribed to those terms in Section
808.001 of the Texas Government Code. By signing this Lease, Lessee certifies that
Lessee's signature provides written verification to the City that Lessee: (1) does not
boycott Israel, and (2) will not boycott Israel during the term of the Lease.
34. ENTIRETY OF AGREEMENT.
This written instrument, including any documents attached hereto or incorporated herein by
reference, contains the entire understanding and agreement between Lessor 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
SHSLA LLC — Lease Site 7C, 8C, 9C, and IOC
Ground Lease
Fort Worth Meacham International Airport
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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.
[Signature Pages Follow]
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Ground Lease
Fort Worth Meacham International Airport
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IN WITNESS WHEREOF, the parties hereto have executed this Lease in multiples on this
the llth day of December , 2025.
CITY OF FORT WORTH:
By:
vyiene*dshineon mee. CSTl
Valerie Washington
Assistant City Manager
12/11/2025
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 Valerie Washington, known to me to be the person whose name is
subscribed to the foregoing instmment, 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 11th day
December . 2025.
ARCELA P. CHRISP
,L Rolm PULIit
• a STATE IM MUS
/1 µyay 1.613191 0
Umn. . Mr. is,=
APPROVED AS TO FORM
AND LEGALITY:
CAnaAce- "M
By:
Candace Pa UM lPecu,l025Pn50:5RC5T1
Candace Pagliara
Assistant City Attorney
M&C: 25-1170
Date: 12.09.2025
1295 Certificate Number: 2025-1384448
%HSIArTe—Izaeesea 948Q 9QmdrOC
c aimar
Fur wMezrLm lmmatimal Airyort
Page 22 Gf38
Ancrela D. Christ
Nngela !2a nsP lPec v,3
Notary Public in and for the State of Texas
OR)n9
ATTEST:
_
�,puR.TWKA. N vA. im✓-u Q 4 C
By: ann
Jaonette S. Goodall �6
City Secretary
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
Contract Compliance Manager:
By signing, I acknowledge that I am the person responsible for the monitoring and
administration of this contract, including ensuring all performance and reporting requirements.
a?,
Barbara Goodwin
Real Property Manager
LESSEE:
SHSLA LLLLCL
By: !/ 15r.
Tam n
Chief Executive Officer
Date: 1 �06/2025
STATE of New York §
COUNTY OF West4las+er §
BEFORE ME, the undersigned authority, a Notary Public in and for the State of New
York, on this day personally appeared Tal Keinan 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
SHSLA LLC and that he executed the same as the act of SHSLA LLC for the purposes and
consideration thereim expressed and in the capacity therein stated.
GIVEN UNDER MY HAND AND SEAL OF OFFICE this
NoVGVA ,2025.
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Page 23 L38
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SHSLA LLC — Lease Site 7C, 8C, 9C, and 10C
Ground Lease
Fort Worth Meacham International Airport
Page 24 of 38
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SHSLA LLC — Lease Site 7C, 8C, 9C, and IOC
Ground Lease
Fort Worth Meacham International Airport
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EXHIBIT A - SURVEY 7C - 8C
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SHSLA LLC — Lease Site 7C, 8C, 9C, and 10C
Ground Lease
Fort Worth Meacham International Airport
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EXHIBIT 66A-1"
REMAINDER OF LEASE SITE IOC
ROFR - DRAINAGE
IMPROVEMENT AREA -
REMAINDER OF LEASE SUE
10C - 32,880.786 SF
SHSLALLC—L e&1 7C, SC, 9C and 1W
CiooumA m
Fart Wonh MeecLam]mem tcu Ai
Pge27of38
EXHIBIT "B"
MANDATORY IMPROVEMENTS
Approximately 74,560 Square Feet of Hangar Improvements
The Mandatory Improvements, as defined in Section 5 of the Lease, for Lease Sites 7C, 8C,
9C, and 1 OC must be completed in accordance with Section 5 of the Lease.
Lessee shall commence construction within eleven (11) months following the
Commencement Date of this Lease. Construction and issuance of a Certificate of
Occupancy of not less than 74,560 square feet of hangar space to include office space, and
an approximately associated apron and vehicle parking spaces shall be completed no later
than eighteen (18) months after construction commenced.
SHSLA LLC — Lease Site 7C, 8C, 9C, and 10C
Ground Lease
Fort Worth Meacham International Airport
Page 28 of 38
EXHIBIT "B"
MANDATORY IMPROVEMENTS (Project Timeline)
ACTIVITY
START
FINISH
Site Survey
Metes & Bounds
Airport/CityAirport/City Design Review
Preliminary
Final
Acquire Building Permits
FAA
Airspace Stud - 7460
Construction
Pre -Construction Meeting w/Airport
Staking
Utilities Coordination/Clearance
Site Grading, Contour, Excavation, etc.
Hangar Foundation
Apron Paving
Parkin Lot/Parking Spaces
Pedestrian Walkwa s , if applicable
Concrete Quality Assurance Tests
Structure Build -out
Ramp/Hangar Lighting
Landscaping
Inspections
Final Inspection
Certificate of Occupancy
SHSLA LLC — Lease Site 7C, 8C, 9C, and 10C
Ground Lease
Fort Worth Meacham International Airport
Page 29 of 38
FORS RrTH
.A%I FION
EXHIBIT C -MINIMUM INSURANCE REQUIREMENTS
Property
Commercial
Hangability rs
Environmental
Aircraft and Passenger
Automob€€e Liability (To
Category
Insurance
General
Liability
Impairment
Liability
Include Hired & Non -owned
Liability
Liability
Vehiclees) 6
Fixed Base Operators (FBO's)
Yes
$5,000,000
$5,000,000
$1,000,000
$ 1,000,000
Aircraft Maintenance Operator and
Avionics or Instrument Maintenance
$1,000,000
$1,000,000
$ 1,000,000
Operator -Piston
Aircraft Maintenance Operator and
Avionics or Instrument Maintenance
$5,000,000
$1,000.000
$ 1,000,000
Operator -Turbine
Avionics or Instrument Maintenance
$1,000,000
$ 1,000,000
Operator (Beach work Only)
Aircraft Rental or Flight Training
5
$1,000,000 2
$1,000,000/occurrence
$ 1,000,000
s
$100,0001passenger
Operator
Aircraft Charter or Aircraft
S1,0D0,000
$5,000,000/occurrence
$ 1.000,000
$
$500,000Ipassenger
Management Operator
9 P
Aircraft Sales Operator
S1,000,0001
$1,000,000
$1,000,0001occurrence
$ 1,000,000
$100,0001passenger
"
S1,000,000
$1,000,000
Aircraft Storage Operator
$5,000,000 �
$5,000,000 3
$ 1.000.000
Aviation Service Sole Proprietor
F
$1,000,000
$1,000,000/occurrence
$100,0001passenger
S 250,000
Other Commercial Aeronautical
$1,000.000
$300.0001occurrence
$ 1,400,000
Activities
Temporary Specialized Aviation
$1,000,000
$300,000foccurrence
$ 1,000,000
Service Operator
Non-Commerc€al Hangar Lessee
'E
$1,000,000 7
$300,0001occurrence
$ 1.000.000
Non -Commercial Flying Club
5
$1.000,0007
$1,000,000/occurrence
$ 1,000,000
$100,0007 assen er
Non -Commercial Self -Fueling
$1,000,000
$1,000.000
$300,0001occurrence
$ 1,000.000
Permitee Jet Fuel andlor Av as
Non -Commercial Self -Fueling
7
Permitee
3
S1,000,000
$500,000
$300,000Ioccurrence
S 250,000
Aiternative Fuels e. . m as
7
Box Hangar, T-Hangar, Community
$1,000.000
$300,0001occurrence
$ 250,000
Hangar
Other
Insurance requirements subject to determination by Aviation Department and Risk Management.
Additional Insurance Requirements
-Lessee's policies are to be primary to any other valid and ooilectible insurance available to the City
-All policies shall include a Waiver of Subrogation in favor of the City (Temporary SASO must also include Airport Lessee)
-The City of Fort Worth shall be named as Additional Insured (Temporary SASO must also include Airport Lessee)
-Policies shall have no exclusions by endorsement, which , neither nullify or amend the required lines of coverage, nor decrease the limits of said coverage
1 Coverage per aircraft should be equivalent to the average aircraft value at one time and coverage per occurrence should be equivalent to the average of the
maximum value of total aircraft at one time, but not less than the amount noted above
2 Must include Negligent Instruction Coverage
3 If aircraft storage operator is providing subleasing space for aircraft storage
Only required for those providing flight instruction
s Depends on terms of the lease agreement
6 If vehicle parked landside - State minimums would apply
7 Coverage may be provided by endorsement
Aviation Minimum Standards, City of Fort Worth Aviation Department (06/03I2014)
SHSLA LLC — Lease Site 7C, 8C, 9C, and 10C
Ground Lease
Fort Worth Meacham International Airport
Page 30 of 38
DEFINITIONS;
Coverage for the Building includes (but is not limited to) the building and structures, completed additions to covered
buildings, outdoor fixtures, permanently installed fixtures, machinery and equipment. The building material used to
maintain and service the insured's premises is also insured. Business Personal Property owned by the insured and
used in the insured's business is covered for direct loss or damage. The coverage includes (but is not limited to)
furniture and fixtures, stock, improvements and betterments, leased property for which you have a contractual
obligation to insure and several other similar business property hems when not specifically excluded from coverage,
The policy is also designed to protect the insured against loss or damage to the Personal Property of Others while
in the insured's care, custody and control.
PROPERTY INSURANCE
Business Income (sometimes called Business Interruption) affords protection against the loss of earnings of a
business during the time required to rebuild or repair covered property damaged or destroyed by fire or some other
insured cause of loss.
Extra Expense allows coverage for those additional expenses over and above normal operating expenses paid due
to damage to covered property from a covered cause of loss. These expenses could include rent, utilities, moving
expenses, telephone, advertising and labor.
This coverage protects the insured for bodily injury or property damage to the third parties, for which they are legally
liable. The policy covers accidents occurring on the premises or away from the premises. Coverage is provided for
injury or damages arising out of goods or products made or sold by the named insured. Coverage is afforded for
the named insured and employees of the named insured; however, several individuals and organizations other than
the named insured may be covered depending upon certain circumstances specked in the policy. In addition to the
limits, the policy provides supplemental payments for attorney fees. court costs and other expenses associated with
a claim or the defense of a liability suit.
Coverage A - Bodily Injury and Property Damage Liability
COMMERCIAL GENERAL
Bodily Injury means physical injury, sickness or disease, including death. Property Damage means physical injury
LIABILITY
to tangible property, including the resulting loss of use of that property.
Coverage B - Personal Injury and Advertising Injury Liability
Personal Injury means false arrest, malicious prosecution, wrongful entry or eviction, libel, slander and violations of
a person's right of privacy. Advertising Injury means libel, slander, disparagement, violations of a person's right of
privacy, misappropriation and copyright infringement.
Coverage C - Medical Payments
Medical Payments means medical expenses for bodily injury caused by an accident.
Insures the hanger operator for legal obligations to pay damages due to loss to an aircraft that occurs when the
HANGARKEEPERS
aircraft is in the care, custody or control of the insured for safekeeping, storage, service or repair. Coverage
LIABILITY
extends to liability claims involving an aircraft's loss of use.
Insures the pollution exposure associated with the insured's property and operations, Including costs of cleanup and
remedial or corrective action due to a third -party demand or a government order. The Pollution exclusion in general
ENVIROMENTAL
liability insurance effectively eliminates coverage for damages for bodily injury, property damage and cleanup costs
IMPIRMENT LIABILITY
arising from most types of pollution events. Because of this, customized protection for the pollution exposure of
numerous insureds in this category is essential.
Coverage geared specifically to the operation of aircraft and the risks involved in aviation. Aviation insurance
policies are distinctly different from those for other areas of transportation and tend to incorporate aviation
AIRCRAFT AND
terminology, as well as terminology, limits and clauses specific to aviation insurance. Passenger liability protects
PASSENGER LIABILITY
passengers riding in the accident aircraft who are injured or killed_ In many countries this coverage is mandatory
only for commercial or large aircraft. Coverage is often sold on a "per -seat" basis, with a specified limit for each
passenger seat.
The liability coverage of the Business Auto Policy provides protection against legal liability arising out of the
AUTOMOBILE LIABILITY
ownership, maintenance or use of any insured automobile. The insuring agreement agrees to pay for bodily injury
(TO INCLUDE HIRED &
or property damage for which the insured is legally responsible because of an automobile accident. The policy also
states that, in addition to the payment of damages, the insurer also agrees to defend the insured for all legal
defense cost. The defense is in addition to the policy limits.
NON -OWNED VEHICLES)
An agreement between two parties in which one party agrees to waive subrogation rights against another in the
WAIVER OF
event of a loss. The intent is to prevent one parry's insurer from pursuing subrogation against the other party.
SUBROGATION
SHSLA LLC — Lease Site 7C, 8C, 9C, and 10C
Ground Lease
Fort Worth Meacham Intemational Airport
Page 31 of 38
Exhibit "D"
COMMENCEMENT DATE MEMORANDUM
THIS MEMORANDUM is made as of the day of , 20 , by
and between The City of Fort Worth ("Lessor") and SHSLA LLC. ("Lessee").
Recitals:
WHEREAS, Lessor and Lessee are parties to that certain Ground Lease Agreement with
an effective date of (the "Lease") for certain leased premises (the "Leased
Premises") known as Lease Sites 7C, 8C, 9C, and IOC.
WHEREAS, the 2025 Stormwater Study has reached substantial completion and the
Term of the Lease has commenced.
WHEREAS, Lessor and Lessee desire to enter into this Memorandum confirming the
Commencement Date, the expiration date of the Term, and other matters under the Lease.
NOW, THEREFORE, Lessor and Lessee agree as follows:
1. The actual Commencement Date is
2. The actual expiration date of the Term is
Capitalized terms not defined herein shall have the same meaning as set forth in the Lease.
LESSOR:
THE CITY OF FORT WORTH
a Texas Municipal Corporation
By:
Name:
Title: Assistant City Manager
SHSLA LLC — Lease Site 7C, 8C, 9C, and 10C
Ground Lease
Fort Worth Meacham International Airport
Page 32 of 38
LESSEE:
SHSLA, LLC,
a Delaware Limited Liability Company
By:
Its:
M.
Name
M&C Review
Page 1 of 2
CITY COUNCIL AGENDA
Create New From This M&C
DATE: 12/9/2025 REFERENCE **M&C 25-
NO.: 1170
CODE: C TYPE: CONSENT
Official site of the City of Fort Worth, Texas
Fo RT
55FTW SHSLA LLC NEW
LOG NAME: GRND LSE FOR LEASE SITE
7C- 10C
PUBLIC NO
HEARING:
SUBJECT: (CD 2) Authorize Execution of a New Ground Lease Agreement Including Mandatory
Improvements with SHSLA LLC, for Lease Sites 7C - 10C at Fort Worth Meacham
International Airport
RECOMMENDATION:
It is recommended that the City Council authorize execution of a new ground lease agreement
including mandatory improvements with SHSLA LLC, for Lease Sites 7C - 10C at Fort Worth
Meacham International Airport.
DISCUSSION:
The purpose of this Mayor and Council Communication (M&C) is to recommend that the City Council
authorize execution of a new thirty (30) year ground lease agreement including mandatory
improvements with SHSLA LLC (SHSLA) for Lease Sites 7C - 10C at Fort Worth Meacham
International Airport.
On or about February 14, 2025, Aviation staff received a proposal submission in response to a
Request for Expressions of Interest (RFEI) from SHSLA for Lease Sites 7C - 10C located at Fort
Worth Meacham International Airport. The total amount of ground space for Lease Sites 7C - 10C is
228,240 square feet, of which 195,359 square feet is immediately developable.
The mandatory improvements for Lease Sites 7C — 10C include construction of approximately 74,560
square feet of hangar improvements, to include office space, and required associated apron and
vehicle parking spaces. Construction timelines will be in accordance with Aviation Leasing Policy and
agreed upon by all parties to the ground lease agreement. Hangars, aprons, ramps and other auxiliary
areas will be constructed in compliance with the Aviation Minimum Standards. Annual revenue
generated from the ground lease is approximately $95,725.91, payable in monthly installments of
$7,977.16. Rates are in accordance with the Aviation Department's current Schedule of Rates and
Charges. The term of the new ground lease will be thirty (30) years, effective upon execution of the
ground lease agreement, with one ten (10) year option to renew, bringing the lease term to a total of
forty (40) years. All terms and conditions of the lease agreement will be in accordance with City of Fort
Worth and Aviation Department policies.
Due to a required stormwater study, the City has reserved the far western portion of Lease Site 10C
for anticipated drainage improvements. The RFEI and SHSLA's proposal included the far western
portion of 10C and SHSLA has requested a right of first refusal (ROFR) for the reserved portion. The
property identified in the agreement for the ROFR includes the 32,881 square feet of vacant land
identified above as the far western portion of Lease Site 10C (Remainder of Lease Site 10C) that has
been reserved for the stormwater study. At such time that the Remainder of Lease Site 10C is no
longer subject to drainage improvements by the Airport, SHSLA will have the opportunity under the
terms of the Lease to exercise the ROFR and an amendment to the Lease will be filed. The proposed
amendment will require mandatory improvements to be agreed upon by the parties at the time of
execution, with such mandatory improvements to begin within the timeframes laid out in the Lessor's
Leasing Policy.
Additionally, the ROFR will be assessed at a rate of $0.01 per square foot for a total of $328.81
http://apps.cfwnet.org/council_packet/mc review.asp?ID=34031&councildate=12/9/2O25 12/9/2025
M&C Review
Page 2 of 2
annually, paid in monthly installments of $27.40. The total annual revenue received from the proposed
lease will be approximately $96,054.72, paid in monthly installments of $6,004.56. With the exception
of the ROFR, rental rates shall be subject to an increase on October tat of any given year, based on
the upward percentage change in the Consumer Price Index for the Dallas -Fort Worth Metropolitan
area. At no time will the adjusted rate exceed the rate that is current in the Schedule of Rates and
Charges. Five-year rate adjustments will be applied to the ground rate starting on October 1, 2032,
and every fifth year thereafter.
ADVISORY BOARD APPROVAL: On October 23, 2025, the Aviation Advisory Board voted to
recommend that the City Council approve the ground lease agreement.
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 lease, 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.
Submitted for City Manager's Office bv: Valerie Washington (6199)
Oriainatina Department Head: Roger Venables (5402)
Additional Information Contact: Ricardo Barcelo (5403)
ATTACHMENTS
FID TABLE.xlsx (CFW Internal)
Location Mao 7C - 10C.odf (CFW Internal)
Location Mao of ROFR.odf (CFW Internal)
SHSLA Form 1295.pdf (CFW Intemal)
http://apps.cfw et.org/council_pwket/mc_review.mp?ID=34031&councildate=l2/9/2025 12/9/2025
After recording, please
return original document to:
City of Fort Worth
Meacham International Airport
201 American Concourse, Suite 330
Fort Worth, Texas 76106
MEMORANDUM OF GROUND LEASE AGREEMENT
STATE OF TEXAS
1101Il�Irt'L41)IYI1AO C I I
THIS MEMORANDUM OF GROUND LEASE AGREEMENT (this "Agreement) B
executed to be effective as of 12023 by and between THE CITY OF FORT WORTH,
a Texas home rule mrmaipal corporation located at 200 Texas Street, Fort Worth, Texas 76102
("Lessor'), and a
("Lessee").
1. Lessor and Lessee entered into that certain Ground Lease Agreement dated
(the "Lease"), pursuant to which Lessor leased to Lessee, and Lessee leased from Lessor, certain real
property located in Tarrant County, Texas, described on Exhibit attached hereto and made a part
hereof (the "Premises"). Capitalized terms used herein but not defined herein shall have the meanings
given to them in the Lease.
2. Lessor and Lessee now desire to memorialize of record the existence of the Lease and give
notice of certain terms and provisions thereof.
3. Lessor hereby demises and leases to Lessee, and Lessee hereby takes and leases from Lessor
the Premises described in the Lease, upon all of the terms and conditions more particularly set forth in
the Lease.
4. The initial term of the Lease commenced on and will expire at
p.m. (Central) on , unless (i) terminated earlier as provided in the Lease or (ii)
Lessee fails to diligently commence construction of the Mandatory Improvements, as defined
and set forth in Section of the Lease, within six (6) months following the Effective Date, in
which case the Initial Term shall expire at 11:59 P.M. on without any
renewal right as provided in Section . of the Lease.
5. Improvements, in which case, construction can occur if approval is provided by
both the City and the FAA.
7. This Agreement is executed for the purpose of recordation in the Official Public Records of
Real Property of Tarrant County, Texas in order to give constructive notice of all terms, provisions
and conditions of the Lease and is not intended, and shall not be construed, to define, limit or modify
the Lease.
8. In the event of any conflict or any inconsistency between the terms and provisions of
the Lease, on the one hand, and the terms and provisions of this Agreement, on the other hand, the
terms and provisions of the Lease shall control. Nothing contained in this Agreement shall alter,
modify or amend the provisions of the Lease, which remains in full force and effect according to all of
the terms and provisions thereof.
9. Additional provisions are m set forth in the Lease, including, without limitations, provisions
regarding ownership of improvements and an "option of ownership upon termination" of the
Improvements in favor of Landlord
[Signature Page Follows]
EXECUTED to be effective as of the date first set forth above.
LESSOR:
CITY OF FORT WORTH,
a Texas home role municipal corporation
In
STATE OF TEXAS
COUNTY OF TARRANT
Dana Burghdoff, Assistant City Manager
I HEREBY CERTIFY that on or about this day of 1 2023, before me, a
Notary Public for the state aforesaid, personally appeared Dana Bmghdoff, known to me or
satisfactorily proven to be the person whose name is subscribed to the foregoing Ground Lease
Agreement, who acknowledged that she is the Assistant City Manager of the City of Fort Worth, that
she has been duly authorized to execute, and bas executed, such instrument on its behalf for the
purposes therein set forth; and that the same is its act and deed.
IN VA MESS WHEREOF, I have set my hand and Notarial Seal, the day and year fast above written.
APPROVED AS TO FORM
AND LEGALITY:
By:
Thomas Royce Hansen,
Assistant City Attorney
Notary Public
My commission expires on
ATTEST:
By:
Iannette S. Goodall
City Secretary
LESSEE:
By:
[Name]
[Title]
STATE OF TEXAS
COUNTY OF TARRANT
I HEREBY CERTIFY that on or about this day of , 2023, before me, a
Notary Public for the state aforesaid, personally appeared known to me or
satisfactorily proven to be the person whose name is subscribed to the foregoing Ground Lease, who
acknowledged that he is the of and that he has been
duly authorized to execute, and has executed, such instrument on its behalf for the purposes therein set
forth; and that the same is its act and deed.
IN WITNESS wIIEREOF, I have set my hand and Notarial Seal, the day and year fast above written.
jk< Notary Public
My commission expires on
1
[ vmvertr a�phml
CERTIFICATE OF INTERESTED PARTIES FORM 1295
1m1
Complete Nos. 1-4 and 6 if there are interested names.
OFFICE USE ONLY
Complete Nos, 1, 2, 3, 5, and 6 if there us no interested parties.
CERTIFICATION OF FILING
Cw cfi Number:
1 Name m business envy Ming form, and the city, .rare and country of the business anatyf. Plaee
of business.
2025-1384448
SHSLA LLC
White Plans, NY United States
Dale Filed.
Name of governmental entity or state agency that is a Pary to the cPMOGI Pr wrinch the form is
1L0312025
being filed.
The City of Fort Worth
Dale Acknowledged:
3 Provide the identification number used by Me govemmentel entity or state agency to track or identity the contract, and provide
deanrlptlon of the services, geode, or Omer property to be provided under the comreet.
110325 7C-10C
Hangar development
Nature of interest
4 Name of Interested Perry,
Clry, Stale, Country (plan of business)
<Mek a plicablel
Controlling
Intermediary
Sky Harbour Narrowed Holdings LLC
While Plains, NY United States
X
Sky Harbour LLC
White Plains, NY United States
X
5 Cheek only if Mere is NO Interested Party. ❑
6 UNSW ORN DECLARATION
My more is and my date of binh Is -
My address is ,- ,- USA
(ey) (data) tip aei (Counts)
I tleclare under pena0I,AR(1P�edury Nos Me foregoing is ore and mnart.
FiecuteySi,•,�ttaltlW/�"%., County. slatecf NY ha 3rd day of November 2g25
.on
�''•. Immml cYwr)
> :` 5trSgo O`e
p
FI maE =
l� eedrs°t - Slgnature of authorized agent of contramintity
-s•'V`at
''g business en
IOetlNentl
Forms off ib. ¢xas'F f6mmission vnvw.ethirsstate.grus Version V4.LO.f10dOM8
0,0 "mssim t'
mmoon
oor
FORT WORTH.
City Secretary's Office
Contract Routing & Transmittal Slip
Contractor's Name: SHSLA, LLC
Subject of the Agreement: Ground lease agreement between City of Fort Worth and SHSLA, LLC for
lease sites 7C, aC, 9C, and 10C at Fort Worth Meacham International Airport.
M&C Approved by the Council? * Yes B No ❑
If so, the M&C must be attached to the contract.
Is this an Amendment to an Existing contract? Yes ❑ No N
If so, provide the original contract number and the amendment number.
Is the Contract "Permanent"? *Yes ❑ No 0
If unsure, see back page for permanent contract listing.
Is this entire contract Confidential? *Yes ❑ No 9 Ifonly specific information is
Confidential, please list what information is Confidential and the page it is located
Effective Date: Date upon Execution Expiration Date: 30 years Rem CemmenmmeM Dam —
If dfierent from the approval date. If applicable.
Is a 1295 Form required? * Yes 8 No ❑
*Ifso, please ensure it is attached to the approving M&C or attached to the contract.
Project Number: Ifapplicable.
*Did you include a Text field on the contract to add the City Secretary Contract (CSC)
number? Yes 9 No ❑
Contracts need to be routed for CSO processing in the followingorder:
rder:
1. Katherine Cenicola (Approver)
2. Janette S. Goodall (Signer)
3. Allison Tidwell (Form Filler)
**Commencement Date will be established and filed with City Secretary once our
stormwater study is completed.
*Indicates the information is required and if the information is not provided, the contract will be
returned to the department.