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Home My WebLink About048095-R2 - General - Contract - Alliance Lending CorporationCSC No. 48095-R2 SECOND RENEWAL FOR CITY SECRETARY CONTRACT NO. 48095 LEASE AGREEMENT FOR OFFICE SPACE JAMES E. GUINN SCHOOL BUILDING This SECOND RENEWAL TO CITY SECRETARY CONTRACT NO. 48095 ("SECOND 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, and ALLIANCE LENDING CORPORATION ("Lessee"), a domestic non-profit corporation acting by and through James L. Stokes, its duly authorized Executive Director, each individually referred to as a "party" and collectively referred to as the "parties." RECITALS The following statements are true and correct and form the basis of this Second Renewal. WHEREAS, effective July 1, 2016, the parties entered into City Secretary Contract ("CSC") No. 48095, a Lease Agreement for Office Space of approximately 3,523 square feet designated as Suite No. 215 and located on the second floor (the "Leased Area") in the building known as the James E. Guinn School Building located at 1150 South Freeway, Fort Worth, Texas (the "Building") (the "Lease"); and WHEREAS, the Lease provided for a five (5) year initial term with options for up to two (2) renewal terms of five (5) year each; and WHEREAS, effective July 1, 2021, the parties exercised the first option to renew the lease for a renewal term commencing on July 1, 2021 and expiring on June 30, 2026 as CSC No. 48095-RI; and WHEREAS, effective April 1, 2025, the parties agreed to amend the Lease to relocate the Leased Area to Suite Nos. 143, 144, and 145, open space, and additional storage areas located on the first floor of the Building and revise the monthly rent to reflect the square feet of the relocated Leased Area and storage areas as CSC No. 48095-A1; and WHEREAS, the parties wish to exercise the second renewal term provided under the Lease, commencing on July 1, 2026 and expiring on June 30, 2031. NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereby agree as follows: 1. The Lease is hereby renewed and extended for the second permitted renewal term of five (5) years, commencing on July 1, 2026 and expiring on June 30, 2031. OFFICIAL RECORD Second Renewal Option to CSC No. 48095 CITY SECRETARY Page 1 FT. WORTH, TX 2. The statements set forth in the recitals above are true and correct and form the basis upon which the parties have entered into this Second Renewal. The Lease, as amended, is a public document on file in Lessor's City Secretary's Office and is incorporated herein by reference. All other provisions and conditions of the Lease shall remain in full force and effect. IN WITNESS WHEREOF, the parties hereto have executed this Second Amendment on May 12th 2026. .Y.YIT1I CITY OF FORT WORTH, a Texas home -rule municipal corporation ✓aid,.Y�. Valerie Washington (May 12, 2026 13:03:57 CDT) Valerie Washington Assistant City Manager LESSEE: ALLIANCE LENDING CORPORATION, a domes ' on -profit or ames L. Stokes Executive Director Date: 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. i Ori A. Fernandez Assistant Director, Economic Development Department APPROVED AS TO FORM AND LEGALITY: Sophie Mathews Sophie Matthews Assistant City Attorney a opogj°ao Fae,aa •,ah�°a ATTEST: $te e amp Jannette S. Goodall City Secretary Contract Authorization: M&C: L-15923 Form 1295: Not required Second Renewal Option to CSC No. 48095 Page 2 OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX M&C Review CITY COUNCIL AGENDA COUNCIL ACTION: Approved on 6/28/2016 Create New From This M&C * DATE: 6/28/2016 NO.: REFERENCE * 17ED L-15923 LOG NAME: ALLIANCELENDINGCORPLEASE CODE: L TYPE: CONSENT PUBLIC NO HEARING: SUBJECT: Authorize Execution of a Lease Agreement with Alliance Lending Corporation for Office Space in the Fort Worth Business Assistance Center Located at 1150 South Freeway (COUNCIL DISTRICT 8) RECOMMENDATION: It is recommended that the City Council authorize the City Manager to execute a Five -Year Lease Agreement with Alliance Lending Corporation for office space at the Fort Worth Business Assistance Center located at 1150 South Freeway. DISCUSSION: The historic James E. Guinn School campus is owned by the City of Fort Worth and managed by the Economic Development Department. The Fort Worth Business Assistance Center is located in the former middle school on the campus and provides office, training and conference room space to organizations involved in small business development. The lease terms of the Agreement between Alliance Lending Corporation (Lessee) and the City of Fort Worth (Lessor) are: The lease begins July 1, 2016 and continues for five -years, with two five-year renewal term; The lease space consists of Suite 215 located at 1150 South Freeway and the base rent will be $12.52 per square foot per year plus a monthly charge of $34.06 per phone line for telephone expenses. The space will be used solely for the purpose of office space and/or education and training; Lessor will cover building utilities, maintenance, security, janitorial and any taxes, if any, imposed on the property using currently budgeted funds (there will be no new impact to the general fund); and Lessee may terminate the lease for cause or convenience and shall provide a Notice of Intent to Terminate. The total annual revenue collected from this Agreement will be $44,107.96 which represents a total of $220,539.80 over the five-year term of the Agreement period. The James E. Guinn School campus is located in COUNCIL DISTRICT 8, Mapsco 77K. FISCAL INFORMATION/CERTIFICATION: The Director of Finance certifies that the Economic Development Department will be responsible for the collection and deposit of funds due to the City under this Agreement, a total of $220,539.80 FORT VV0RTII -1�- http://apps.cfwnet.org/council_ packet/mc review.asp?ID=22374&councildate=6/28/2016[5/8/2026 4:30:43 PM] M&C Review is expected to be received during the five years of the Agreement. Upon receipt, these funds will be deposited into the General Fund, Lease Revenue Guinn School, which has total estimated revenue in Fiscal Year 2016 in the amount of $140,545.00 and year-to-date receipts in the amount of $79,640.98. TO Fund Department Account Project Program I Activity I Budget I Reference # I Amount ID ID Year (Chartfield 2) FROM Fund Department Account Project Program Activity Budget Reference # Amount ID ID I I I Year I (Chartfield 2) I Submitted for City Manager's Office by: Jay Chapa (5804) Originating Department Head: Robert Sturns (212-2663) Additional Information Contact: ATTACHMENTS Alliance Lending 1295 form.pdf (Public) BAC_Reference _Map.pdf (Public) http://apps.cfwnet.org/council_ packet/mc review.asp?ID=22374&councildate=6/28/2016[5/8/2026 4:30:43 PM] FORT WORTH. City Secretary's Office Contract Routing & Transmittal Slip Contractor's Name: n/a Subject of the Agreement: Second Renewal For City Secretary Contract No. 48095 Lease Agreement for Office Space James E. Guinn School Building M&C Approved by the Council? * Yes 0 No ❑ If so, the M&C must be attached to the contract. Is this an Amendment to an Existing contract? Yes ❑ No 0 If so, provide the original contract number and the amendment number. Is the Contract "Permanent"? *Yes ❑ No 0 If unsure, see backpage for permanent contract listing. Is this entire contract Confidential? *Yes ❑ No 0 If only specific information is Confidential, please list what information is Confidential and the page it is located. Effective Date: upon ACM signature If different from the approval date. Expiration Date: 06/30/2031 If applicable. Is a 1295 Form required? * Yes ❑ No ❑ *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 0 Contracts need to be routed for CSO processing in the followingorder: rder: 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.