The URL can be used to link to this page

Home My WebLink About057807-R2 - General - Contract - ITI Engineering, LLCCSC No. 57807-R2 SECOND RENEWAL FOR CITY SECRETARY CONTRACT NO. 57807 FORT WORTH MEACHAM INTERNATIONAL AIRPORT ADMINISTRATION BUILDING OFFICE LEASE AGREEMENT SUITE 320 This SECOND RENEWAL TO CITY SECRETARY CONTRACT NO. 57807 ("RENEWAL") is made and entered into by and between the CITY OF FORT WORTH ("Lessor"), a home rule municipal corporation organized under the laws of the State of Texas, acting by and through Valerie Washington, its duly authorized Assistant City Manager, and ITI ENGINEERING, LLC ("Lessee"), a Delaware Limited Liability Company, acting by and through KEVIN LEBEAU its duly authorized VICE PRESIDENT. RECITALS The following statements are true and correct and form the basis of this Agreement. WHEREAS, on or about July 7, 2022, ITI Engineering, LLC. ("Lessee") entered into City Secretary Contract ("CSC") No. 57807, an Administration Building Office Lease Agreement, consisting of approximately 1,137 square feet of office space with an additional 204 square feet of balcony space for a total of 1,341 square feet of leased space (Premises), identified as Suite 320; and WHEREAS, the initial term of the Lease commenced on July 7, 2022, and expires at 11:59 PM July 6, 2025; WHEREAS, the Lease provides for three (3) options to renew at one (1) year each; WHEREAS, On July 7, 2025, the Lessor and Lessee exercised the first renewal provided under the Lease through CSC 57807-Rl which expires at 11:59 PM on July 6, 2026; and WHEREAS, the Lessor and Lessee wish to exercise the second renewal term provided under the Lease, commencing 12:00 AM July 7, 2026 and will expire at 11:59 PM July 6, 2027. NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, Lessor and Lessee hereby agree as follows: 1. The Lease is hereby renewed and extended for the second permitted renewal term of one (1) year, commencing at 12:00 AM on July 7, 2026, expiring at 11:59 PM on July 6, 2027. 2. In accordance with the established Schedule of Rates and Charges, the Premises, consisting of 1,341 square feet of Office Space, will be charged at the current Lease rate of $18.50 per Fort Worth Meacham International Airport OFFICIAL RECORD ITI Engineering, LLC CITY SECRETARY Renewal Option No. 2 to CSC No. 57807 Page 1 of FT. WORTH, TX square foot for this Renewal, and Lessee shall pay Lessor $24,808.50 (Twenty -Four Thousand, Eight Hundred Eight Dollars and 501100) per year payable in monthly installments of $2,067.38 (Two Thousand Sixty -Seven Dollars and 38/100). On October 1, 2026 and on October 1" of each year thereafter during both the initial term and any renewal term, Lessee's rental rate shall be adjusted to comply with the rates prescribed for the Premises by Lessor's Schedule of Rates and Charges for the type or types of property at the Airport similar to the type or types of property that comprise the Premises. 3. All other terms and conditions of the Lease shall remain in full force and effect. The statements set forth in the recitals above are true and correct and form the basis upon which Lessor and Lessee have entered into this Agreement. The Lease is a public document on file in Lessor's City Secretary's Office and is incorporated herein by reference for all purposes. 4. All other provisions and conditions of the Lease that are not expressly amended herein or directly in conflict with the provisions and conditions of this Amendment shall remain in full force and effect. [Signature Pages Follow] Fort Worth Meacham International Airport ITI Engineering, LLC Renewal Option No. 2 to CSC No. 57807 Page 2 of 7 IN WITNESS WHEREOF, the parties hereto have executed this Renewal in multiples on this the 15th day of May , 2026. CITY OF FORT WORTH: By: Valerie Washington (May 14, 2026 09:39:50 CDT) Valerie Washington Assistant City Manager Date: 05/14/2026 STATE OF TEXAS COUNTY OF TARRANT By: Roger M. Venables Aviation Systems Director BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, on this day personally appeared Valerie Washington, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that the same was the act of the City of Fort Worth and that he executed the same as the act of the City of Fort Worth for the purposes and consideration therein expressed and in the capacity therein stated. May GIVEN UNDER MY HAND AND SEAL OF OFFICE this 14th ANGELA D. CHRISP a Notary Public + + STATE OF TEXAS q�GOV y Notary I.D. 134812443 M Comm. Exp. Mar. 18, 2028 APPROVED AS TO FORM AND LEGALITY: Candaco Pagliara By: Candace Pagliara (Apr 28, 2026 13: .34 CDT) Candace Pagliara Assistant City Attorney M&C: 22-0491 Approval Date:_06/28/2022 Fort Worth Meacham International Airport ITI Engineering, LLC Renewal Option No. 2 to CSC No. 57807 Page 3 of 7 2026. i day Notary Public in and for the State of Texas ATTEST: LIN a000annn 4 �'s°t' foRT°�o°do 4Fa '9�0 Ovo g°=d OanIln�454,�,d Jannette S. Goodall KC 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 Barba odwi Real Property anager LESSEE: ITI ENGINEERING, LLC including ensuring all performance and reporting requirements. By:I b"" 9 Kevin LeBeau Date: Z l0 STATE OF TEXAS COUNTY OF TARRANT ATTEST: BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, on this day personally appeared Kevin LeBeau 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 ITI Engineering, LLC and that s/he executed the same as the act of ITI Engineering, LLC for the purposes and consideration therein expressed and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE this Ma,.'Gh 52026. day ANGEIAEMCKAUGHAN -_Notary Public, State of Texas Nota ublic in and for the State of Texas Comm. Expires 03-28-2030 Notary ID 131507822 Foil Worth Meacham International Airport ITI Engineering, LLC Renewal Option No. 2 to CSC No. 57807 Page 4 of 7 EXHIBIT A TENANT SPACE iEACHA OFFICE BUILDING Hoffer piRnneva Fod worth. T 76107 k W 1-42 t 'w2a FORT WOFf`1`H, TX Stanford im., . fax 81 7.'302,01602 Fort Worth Meacham International Airport ITI Engineering, LLC Renewal Option No. 2 to CSC No. 57807 Page 5 of 7 MKI'M SIL- d ge 0 IV of Fort WbfM, Taxa—. CITE' COUNCIL AGENDA Cue ate New Firom This M&C DATE: 6/2812022 REFERENCE `M&C 22- LOG NAME: 55FFW FrI ENGINEERING, LLC NO.: 0491 ADMIN BLDG LEASE STE 320 CODE: C. TYPE: CONSENT PUBLIC NO HEARING: SUBJECT. (CID 2) Authorize the Execution of a Three -Year Administration Building Office Lease Agreement Including Three One -Year Renewal Options with ITI Engineering, LLC for Suite 320 at Fort Worth Meacham Intemabortal Airport RECOMMENDATION: It is recommended that the City Council authorize the execution of a three-year administration building office lease agreement, including three one-year renewal options, with ITI Engineering, LLC for Suite 320 located at Fort Worth Meacham IrAernabonal Airport_ DISCUSSION: On or about September 17, 2019 City of Fort Worth (C" and Irvin Technologies, Inc (Current Lessee) entered into City Secretary Contract No- (CSC) 52820, an administration building office lease agreement (Current Lease) at Fort Worth Meacham International Airport. The Current Lease set to expire on September 30. 2M and included three options to renew for one year each- On Januairy 16. 2022, M received a notice of intent from the Current Lessee to exercise its option to renew the lease - On or about March 8, 2022, as the City was preparing for the renewal of the Current Lease, the City was informed by the Current Lessee that in the latter part of 2021. the Current Lessee was acquilred by Shoreview Industries, LLC}, (Shoreview) 2 Minnesota investment firm, and that Shoreview had formad a new company- ITI Engineering, LLC. (ITI Engineering) in which the Current Lessee's operations were to be under. Due to this entity change. the City and Current Lessee, through mutual agreement, desire to terminate the Current Lease and the City intends to enter into a new lease agreement with ITI Engineering, as the n ew tenant. The City and M Engineering now would like to enter into a flew three (3) year lease agreement for Suite 328, consisting of approximately 1,137 square feet of office space with an ad clitional 2134 square feet of balcony space- In recognition of the initial office space base finish -out costs by Current Lessee as agreed upon in the Current Lease, from the effective date through September 30, 2022, 1-11 Engineering shall pay City monthly installments of S1,1 9D.98 for an annual rental rate of $14,291.76 (Fourteen Thousand, Two Hundred Ninety -One and 7611 GO Dollars). Rental rates during this period are based on filly percent (5,0%%) of $18-5.0 per square foot for the Office Space (1,137 square feet) and S18.56 per square foot for the Balcony Space (204 square feet). Beginning October 1, 21322 ITI Engineering shall pay Lessor rent for Suite 320, Third Level (1,341 square feet) based on a rental rate Hof $18.50 per square foot which will be payable in monthly installments of $2,067.38 (rounded), for an annual rental rate of $24,808.56 (Twenty -Four Thousand Eight Hundred Eight and 561100 dollars). The initial term of this new lease shall commence upon execution of the agreement (Effective Date) and expire at 11:513 PM three (3) years following the Effective Date and will include three one-year options to renew bringing the total potential lease term to six (�6) years- On October 1, 2G23, and on October 1st of each year thereafter 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 Charges in effect at the respective time_ FortWorth Meacham International Airport is; located in COUNCIL DISTRICT 2. Fort Worth Meacham International Airport ITI Engineering, LLC Renewal Option No. 2 to CSC No. 57807 Page 6 of 7 FISCAL_ INFORM ATIOWC ERTIFICATION: 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 (arid Financial Management Services) is responsible for the col leetion and deposit of funds due to the City - FROM Fund Department Account Prvjec't Program Activity I Budget I Reference # Amount ID I I Id I I Year (Chartfield 2) Submitted for City Manager's Office by Orirlinating Department Head: Additional Information Contact: ATTACHMENTS Exhibit A-pdf pubtic) FID TABLE_xlsx (CF%v Internal) ITI Engineering Form 1295-pdf (cFw inte€nai) Signature: Email.' Berhara-Goodwin@fortworthtexas gov Fort Worth Meacham International Airport ITI Engineering, LLC Renewal Option No. 2 to CSC No. 57807 Page 7 of 7 Dana Burghtloff (801 B ) Roger Venables (5402) Ricardo Barcelo (54G3) FORT WORTH. City Secretary's Office Contract Routing & Transmittal Slip Contractor's Name: ITI Engineering, LLC Subject of the Agreement: Second (2nd) Renewal Lease Agreement between City of Fort Worth and ITI Engineering, LLC for Suite 320 located in the Administration Building at Meacham International Airport. M&C Approved by the Council? * Yes 8 No ❑ If so, the M&C must be attached to the contract. Is this an Amendment to an Existing contract? Yes ❑ No 8 If so, provide the original contract number and the amendment number. Is the Contract "Permanent"? *Yes ❑ No 8 If unsure, see back page for permanent contract listing. Is this entire contract Confidential? *Yes ❑ No 8 If only specific information is Confidential, please list what information is Confidential and the page it is located. Effective Date: 07/07/2026 Expiration Date: 07/06/2027 If different from the approval date. If applicable. Is a 1295 Form required? * Yes ❑ No 8 *If so, please ensure it is attached to the approving M&C or attached to the contract. Project Number: If applicable. *Did you include a Text field on the contract to add the City Secretary Contract (CSC) number? Yes ❑ No ❑ Contracts need to be routed for CSO processing in the following order: 1. Katherine Cenicola (Approver) 2. Jannette S. Goodall (Signer) 3. Allison Tidwell (Form Filler) *Indicates the information is required and if the information is not provided, the contract will be returned to the department. Permanent Contracts Advanced Funding Agreements Architect Service Community Facilities Completion Agreement Construction Agreement Credit Agreement/ Impact Fees Crossing Agreement Design Procurement Development Agreement Drainage Improvements Economic Development Engineering Services Escrow Agreement Interlocal Agreements Lake Worth Sale Maintenance Agreement/Storm Water Parks/Improvement Parks/Other Amenities Parks/Play Equipment Project Development Property/Purchase (Property owned by the City) Property/Sales (Property owned by the City) Property/Transfers (Property owned by the City) Public Art Sanitary Sewer Main Replacements Sanitary Sewer Rehabilitations Settlements (Employees Only) Streets/Maintenance Streets/Redevelopment Streets/Repairs Streets/Traffic Signals Structural Demolition (City owned properties) Utility Relocation Water Reclamation Facility Water/Emergency Repair Water/Interceptor Water/Main Repairs Water/Main Replacement Water/Sanitary Sewer Rehabilitation Water/Sewer Service Water/Storage Tank