M&C Review

COUNCIL ACTION:  Approved on 10/17/2017 
DATE: 10/17/2017 REFERENCE NO.: **C-28432 LOG NAME: 212124 MALL CIRCLE
CODE: C TYPE: CONSENT PUBLIC HEARING: NO
SUBJECT:  

Authorize Execution of Amendment to Lease Agreement with Oakwind, Ltd., City Secretary No. 45345, for 2124 Mall Circle, Storefront for the Fort Worth Police Department to Add Two Automatic One-Year Renewal Periods to the Term (COUNCIL DISTRICT 3)
RECOMMENDATION:

It is recommended for the City Council to authorize the execution of an amendment to add two automatic one-year renewal periods to the term of the lease Agreement with Oakwind, Ltd., City Secretary No. 45345, for 2124 Mall Circle, formerly known as 6833 Green Oaks Boulevard) being used as a storefront for the Fort Worth Police Department.
 
DISCUSSION:

On January 25, 2014, (M&C L-15643), City Council approved a lease Agreement between the City of Fort Worth (City) and Oakwind, Ltd., (Lessor) to lease approximately 1000 square feet of space located at 6833 Green Oaks Boulevard to be used by the Fort Worth Police Department as a storefront.  During the initial term of the lease, the address was changed to 2124 Mall Circle, Fort Worth, Texas 76116.

The lease Agreement included two one-year renewal periods which expire October 31, 2017.

The City and Lessor desire to extend the lease by adding two additional one-year automatic renewal periods to expire on October 31, 2019 at  the following lease rates:

  • 3rd Renewal Period, 11/1/2017 - 10/31/2018 at $819.00 per month.        
  • 4th Renewal Period, 11/1/2018 - 10/31/2019 at $860.00 per month.

This property is located in COUNCIL DISTRICT 3.
 
FISCAL INFORMATION/CERTIFICATION:

The Director of Finance certifies that funds are available in the Fiscal Year 2018 operating budget, as appropriated of the General Fund.  Prior to an expenditure being made, the participating department has the responsibility to validate the availability of funds.
TO
    Fund Department
ID		 Account Project
ID		 Program Activity Budget
Year		 Reference #
(Chartfield 2)		 Amount

FROM
    Fund Department
ID		 Account Project
ID		 Program Activity Budget
Year		 Reference #
(Chartfield 2)		 Amount
Submitted for City Manager's Office by:
Jay Chapa (5804)
Originating Department Head:
Steve Cooke (5134)
Additional Information Contact:
Jean Petr (8367)
Mark Brown (5197)
 
 
ATTACHMENTS
  2124 MALL CIRCLE FORM 1295.pdf
  2124MallCircle M and C map.pdf