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2013-009FILE REFERENCE FORM 2013-009 X Additional File Exists Additional File Contains Records Not Public, According to the Public Records Act Other FILE(S) Date Initials Amended b Ordinance No. 19-367 02/12/19 JR Assignment and Assumption of Lease - original is attached 02/20/19 JR s:llegallour documentslordinances\13\vow lease ordinance-2013.doc ORDINANCE NO. 2013-��9 AN ORDINANCE OF THE CITY OF DENTON, TEXAS APPROVING A LEASE AGREEMENT BETWEEN THE CITY OF DENTON, TEXAS, AS LESSOR, AND VOW 210 HICKORY PARTNERS LLC, AS LESSEE, LEASING AN APPROXIMATELY 1089 SQUARE FEET TRACT OF LAND, LOCATED AT THE SOUTHWEST CORNER OF EAST HICKORY AND 1NDUSTRIAL STREETS, BEING SITUATED WITHIN THE H. SISCO SURVEY, ABSTRACT NUMBER 1184, CITY OF DENTON, DENTON COUNTY, TEXAS (THE "SUBJECT LAND"), FOR THE CONSTRUCTION, OCCUPANCY AND MAINTENANCE OF AN OUTDOOR PATIO; TERMINATING AND REVOKING ORDINANCE NO. 2009-129, DATED JUNE 2, 2009, AUTHORIZING A LEASE OF THE SUBJECT LAND; AND PROVIDING AN EFFECTIVE DATE WHEREAS, VOW 210 Hickory Partners, LLC (the "Owner") is the owner of a tract of land located at the southwest corner of East Hickory and Industrial Streets, being situated within the H. Sisco Survey, Abstract Number 1184 and being described as a part of Lot 3, Block 20 of the Original Town of Denton (the "Owner's Property"); and WHEREAS, the Owner has requested the lease of certain City owned real property, approximately 1,089 square feet in size, located adjacent to the Owner's Property, as described in Attachment "C" of the Lease Agreement, as defined below, for the purpose of constructing, occupying and maintaining a outdoor patio area in conjunction with a business on the Owner's Property; and WHEREAS, the City of Denton approved a Lease Agreement (the "Prior Lease"), by and between the City of Denton and ARG East Hicicory Partners, LLC, pursuant to Ordinance No. 2009-129, dated on or about June 2, 2009 (the "Prior Ordinance"); WHEREAS, ARG has never accepted the offer of the Prior Ordinance or executed the Prior Lease; WHEREAS, the City Council finds that is in the best interest of the citizens of the City to (i) enter into the Lease Agreement (herein so called) in the form attached hereto and made a part hereof as Exhibit "A"; and (ii) revoke and terminate the Prior Ordinance; NOW, THEREFORE, THE COUNCIL OF THE CITY OF DENTON, TEXAS HEREBY ORDAINS: SECTION 1. The findings and recitations contained in the preamble of this ordinance are incorporated herein by reference. s:\legallour documents\ordinances\131vow lease ordinance-2013.doc SECTION 2. The City Manager, or his designee, is hereby authorized to execute the Lease Agreement by and between the City of Denton, Texas, as Lessor and VOW 210 Hickory Partners, LLC, as Lessee, and any other documents necessary for the lease of an approximate 1,089 square foot tract of land, as described above, substantially in the form attached hereto and made a part hereof as Exhibit "A". SECTION 3. Ordinance No. 2009-129, including the offer made therein, is hereby revoked and terminated. SECTION 4. This Ordinance shall become effective immediately upon its passage and approval. PASSED AND APPROVED this /J�i�� day of G' �' , 2013. ATTEST: JENNIFER WALTERS, CITY SECRETARY � By: APPROVED AS TO LEGAL FORM: ANITA BURGESS, CITY ATTORNEY By: s:\legal\our documents\contracts\13\vow lease of city property.doc LEASE OF CITY PROPERTY This Lease Agreement is made and executed to be effective this %� day of , 2013 (the `Bffective Date") at Denton, Texas, by and between the C' of Dento , Texas, a Texas home rule municipal corporation, hereinafter referred to as "Lessor" or "City", and VOW 210 Hicicory Partners LLC, a Texas limited liability company, hereinafter referred to as "Lessee". WITNES SETH: WHEREAS, Lessee is the owner of certain real property located at the southwest corner of Industrial and East Hickory streets in the City of Denton, Denton County, Texas, commonly known as 210 E. Hickory Street, being part of Lot 3, Blocic 20 of the Original Town of Denton and being more particularly described in Attachment "A", attached hereto and made a part hereof for all purposes ("Lessee's Property"); and WHEREAS, Lessee has requested that it be allowed to lease a portion of the land owned by Lessor adjacent to Lessee's Property in order to construct, occupy and maintain a patio area in conjunction with the operation of a restaurant on Lessee's Property; and NOW, THEREFORE, for and in consideration of the promises and the mutual covenants contained in this Agreement, the parties agree as follows: I. LEASED PREMISES Lessor, for and in consideration of the covenants and agreements herein contained to be kept by Lessee, does hereby demise and lease, without warranry of title, unto Lessee, and Lessee does hereby lease from Lessor, for the lease term described in Article II, the following described land situated in Denton County, Texas: A. LAND. A tract of land, being approximately 1,089 square feet, drawn and outlined on the site plan (the "Site Plan") described on Attachment "B" attached hereto and made a part hereof for all purposes and being more particularly described by the survey and metes and bounds description on Attachment "C", attached hereto and made a part hereof for all purposes (the "Leased Premises"). B. IMPROVEMENTS PROVIDED BY LESSOR. NONE: There will be no improvements provided by Lessor. C. IMPROVEMENTS PROVIDED BY LESSEE. On the Leased Premises, Lessee shall construct a patio, and other improvements ("Improvements"). The Improvements are illustrated on Attachment "D" attached hereto and made a part hereof for a11 purposes. The construction of the Improvements sha11 be commenced no later than 180 calendar days after the Effective Date, as evidenced by the issuance of a building permit (the "Commencement Deadline") and completed no later than 720 calendar days after the Effective Date, as evidenced by the issuance of a certificate of occupancy for the Improvements (the "Construction Deadline"). Notwitltst��tding �nytl�ing contained in this Lease Agreerae�t to tlae con�trary, a failru�e fo meet the Cornmence�yxe�t Deadline o3• tlie Construction lleadline m�y, ai the ao�e option and c�iscret�o�l of tl�e Lessor, result xn the immes�iate term3nation �nd caucellation of #ltis Lease Agi•eameut upon 30 days �vritten notice of cancellation to Lassee, In sach casc, Lessec's r�iglits uncier the Lease Agreeme�nt wili immediately cease and be fot��eited, ancl the Imp��oveaneitts sliall be rremoved iro�ai the Leased Prernises aYic� the Leasec� P�•emiscs restored to fts condition prAor tn the date of this Lease Agreement at tl�e sole du#y azid sole expense af Lessec, Z£Lessce £aiYs ia x�ranve Hie Ln�rovemenis �vithin 90 dnys flfter tej�mination notice, tlien tlte Lessar may do so at tite expensc of tlie Lessee, Lessec sfisil pRy Lesso�' �uch costs of removai and restoration wethin 30 days af�ci• �•eceipt of nn in�voiae fi�o�n the Lessar. If thB invoice is not �a�d �svithin said iime period a lien is hereby g��auted by Lessee aiid is establish�d against Lessee's Propey�ty ta secirre paymez�t, I�i such case Lessor is authorized to file an �f£'xda'vii in tlie Denton Comtty Refll Prope�•ty Records against Lessee's Property to evidence tlie lien, D. APPROVAL Or CONS'z'itUGT�OI�I PLANS, Prior to commencing construction o£ the In�provements, I.essee shall submit to Lessor construct�on pl�ns fo� zeview and app�'oval to malce certaiii that the conshuction plans aze in conformity with the Site Plan, Thxs review is in additiou to a�iy review requited by tlie Bui�ding Of�"icial an.d the Dii�ectot� of Economic 17evelapm�ixt of tlie City of Denton for xssuarace of a building permit and to insure compliance with City Codes, No later than 60 days a�er the completion of ihe Improvements, Lessee shatl deliver to Lessor as-built coz�stitiction plans of the Improvements in a�ocnn acceptable to Lessoz (fhe "As-Built 1'lans"), NO CO219tCUCfi1011 activities shatl commence px�ior to approval of the consttuction plans by Lessvr, �, SAFETY MEASUIt�CS DU�tING C�NSTRUCTION. Lessea shall be responsible for providing all safety measures duri�ag constz�uation such as barrioades to insuze that motorists aud pedeshi�ns are adeyustely pz•otected from the construction activities. F, L�ASEHOLD C�NN�C'�'�D TO L�SS��' PROPERTY. This leasehold shall n.ot be sever�ble from the awnership interests of Lessee's p�•operfy ancl the covenants, tezms and conditions under this Agreement sl�all be binding u�on and inure to the bene�it of the ownez's and subsec�t�ent owners of Lessee's Prope�ty, Nothi�g contained heiein shal� be canstiued to a11ow assignment or sublease of thfs Leasc Agreement without the oonsent of Lessor as pxescribed in Seotiota Vr. G� LFASEk�OLD CONDX'�IO1V�. THE LEASED PREMISES ZS LBASED T� LESSEE IN ITS PRESENT CONDITION "AS IS," "WHERE IS" AND "WITH ALL FAULTS." LESSEE STIPULA`z'ES THAT IT HAS THOROUC�HLY INSPLCTED THE LEASED PI�MISES AND FINDS THAT THE L�ASED PREMISES IS CURitENT.�Y SUITABLE FOR THE USES PERMITTED BY T�IIS LEASE AaREEMENT. LESSOR MAKES NO REPRESENTATION OR WARRANTIBS OF ANY KIND OR NATUIZ�, EXPItESS OR TMPLTED, CONCERNING THE LEASED PR�MIS�S, �CLUDIIVG WITHOUT LIMITATION, WARRANTIES OF SUFTABILTI'Y OR FITNESS FOR PARTTCULAR 1'URi'OSE O�' USE, LESSEE HEREBY Page 2 STYpULATES TO LBSSOR THAT, D�(JE TO IT� INSPECTION OF TH� LEASED FREMISBS, IT YS AWARE OF THE CONDITION OF T�-TB LEAS�D PREMISES. IC. TLRM The tertn of this I.easa Agreement shall be fo�� a perlod of 10 years, cosnmencing on the lg� day of March, 2013 �nd continuing thraugh the 28�h day of Feb�u�ry, 2023, unless earlie� tezrninated under the provisions of fhe Lease A.greement (the "Lease Term"), III. �AYM�NTS, RENTAT�S AND �EES Lessee covenauts and agrees to pay Lessor; as considexation for this �ease Agraement, the following payn�ents, rentals arid feas: A, LAND ItENTA,L. Rent sha[l be due and pa�abla in the sum of $1.00 per squa��e foot per yea�• or $1,089 per year (t[ie "Original Rent"), payable �s fallows: (i) iha surr� o£ $3,267A0 payable �n tEie Effective Date he�eof, as rent for the pet�iod of time from the Effective Date to k'ebxuaiy 28, 20 L 6; and (ii} thexeaftea�, annually zn advance, with the first payment on March 1, 2016 and each subsequent payment on the same day o£ each yeai' during the to��m of this �.ease Ageeme�3t, The rent is based nn t}�e estimated square £ootage oF ihe Leased Premises shown oii Attachment "C", which is stipulated by Lessee to be acctuate for the purposes of the payment of rent. B. PAYMENT, Y�NALTY, ADJUSTMENTS, All payments due Lessor fran� Lessee shall be m.ade to T�essor at the of�'ices of the Airector of �.conomic Development as provided in X,D belaw, unless otlieiry,vise design�ted in vv�iting by the S.essor, If a payment is not received on oz• before the 15t�` day after tl�e due date, a five percent (5%) penalty wl]1 be due as of the 16��' day. An ldditional pcnalty of o�ae parcent (1%} of the unpaid rertt�l amount will be due for each 30 day pei•iod thereafter that the payment is delinquent until the unpaid rental paymeiit is m�de, Notwitlistanding th� fo�egoing, �£ �.essee #'ails to m.ake its annttal Iease payment r�ithi�i 90 days of tlie cont�act due d�te, Lessor shall notify Lessee af such failtue to znalce the annttal lease payment and if the annuai leasa payment is not made within 15 days of notice to Lessee, this Lease is terminaied without the necessity of any fiuther action by Lessor. Tii that event, Lessee shall promptly �eznove any and all improvements made #o tlae �.eased Premises and shall restore the Leased Premises to the coatdition faund priar to possession putsuant to the ternns st[pulated in Ai�icle Y.C., The Original Rent %r tlie Leased Premises shall be readJusted every tluee (3) yeats dueing the Lease Tet�m beginning March 1, 2016 on the basis o� the then cuiYent United Statas Consumer Pr3ce Index for all urban constunars (CPI-U) £or the DatIas-k'ox�t Woi�th Btueau a� Labor Statlstias. Thexeafter, the Original Rent shall be readjusted in the years 2019 and 2U22. The adjusfinents in the yeacly ret�t shall be dete��mined by inultiplying th.e Original Rent by a fxaction, the numeratot• of which is thc it�dex number :Foz• tlta last month p��ior to the adjustment, and t]�e denominatnr of wh�ch is the index numbez• applicable �t the execution of this T,ease t�gree�nent, If the pzoduct of this multlplicatfon is greate�� tk�an Page 3 the Original Rent, Lessee shali pay this �reater atxxount as the yea�•ly rent until the time af the next ��e�ntal adjus#ment as called for in ihis section. If the px�oduat of this multip��cation is tess than the Original Reut there sh�Il be no adjusfrne:�t in the anntial :�ent af th�t time, and Lessee sh.all p�y the previous year's am�►ual rent unfil ti�e time of the nexi rental adjustmant as called �a� in this section, In no event shall �n� ren#al adjustment oalled %r in this section result in an aunt�al xei�t less than the pxevious year's annual rent, The adjustinent shall be limited so that the ayuival rental payment determined for any given three-year pe��iod shall not exceed tlie annual rental payment calculated fo�� the ptevious CPI adjustment by more than iwenYy pe��cent (20%) pez•cent, If the consum.er price index for all uiban consumers (CPI-U) �ox the T�allas-�'ort Wo��th geogcaphical region, as com.piled by the �(.T,S. Dapai�tment af Labor, Bureau of Labar Statistics, is discontiiiued ducing the Lease Term, the remaining rental adjustments called %r in this section shall be made usiltg the fa��mula set forth above, but by substituting the Index numbers for the Consurner Price Tudex-Seasonally Adjustad U,S. City Average �or All Items Fo�• All Urban Constxmers {C�I-U) for the index numbers for the CPI-U applicable to the Aallas-Faz•t Wortl� geogra�hical region, If both the CPI-U for the Dallas- Foi�t Worin geogcaphical region and the U,S, Ciiy Average a�•e discontar�ued during the Lease Tertn, the re;naiuing re�ttal adjustmetats called £ar in this section s�aall be mad� using the statistias of the Buz�eau o£ I,abor St�tistics of the Uiuted States Depaifinent o£%abax� that are most nearly compara6le to t1Ye CPI-U applicable to the Dallas-Foi�t 'U�ijotth geographical regivn, If the �ureau ai Labor Statistics of the United Sfates Depaxtmen# of Labar ceases to axist ox ceases to publish statistics concerning the pulchasing power ofthe consumer dollar dueing the Lease Terni, the remaining ��ental adjusfinents called £ox in ihis sectian sha11 be made using the most ziearly comparable statistics published by a�ecognized financial authority selected by Lessor, Should any taxes be levied against ihe Leased Premises or the Imp�ovements, payment of such taxes shall be the sole responsibiliiy of the Lessee. Ax�y provision herein, or any othec document executed or delivered in connection heiewith, ar in any other a�reeinent ox� commitment, whether wr�ttan or oral, expressed ot� implled, to the cantr�uy notwithstanding, Lessor shall not in any event be entitled to receiv� or collect, nor s1ia11 any ainouuts received he�eunder be c:tedited, so tk�at Lessor shall be paid, as in#arest, if any, a sum geeater than the rnaximum arn�ount pexn�itted by applxcable l�w to be charged to the person, partnership, firm, caipoxation, nr other le�a1 entlty prim�xily obligated to ynake paylnenfs tir►der this Lease Agreement. Tf any construction of this Lcase Agreement ii�dicates a different right given to Lessax to ask for, dernand or receive any large� sum as interest, if any, such is a inistalce in calculation or woxding which this elause shall ovei7�ide and control, it bea��g tha intention of ihe partzes that thxs Lease .e,�greement shall in all tt�iugs slrict[y compiy and confnrm with applicable law, �n the ave:�t that the aggregate of all consideration which constitutes interest under a��licable law fhat is taken, resetved, coiitracted for, charged or received under this Leasa Agreeinent, if any, and any other documents executed in co�mection heaewith shall ever exoeed the maximum nonusuiKous rate i.uider applic�ble law, any sum in excess thereo£ shall be applied to the accrued and unpAid rent dt�e ui�der this Lease Agreenzent and if such aaatued and unpaid rent is paid in full, the remaining excess, if any, shall be paid to the Lesses. P�ge 9� IV. RIGHTS AND OBLIGA,TIONS OF LESSL�E A� US� O�+' L�,AS�D PR�NI�S�S. Lessee's use of the Leased Premises is limited sotely to the construction, mainteiiauce and use of the Tmprovements shown on the Siie Plan and As�Built Plans in conjunction with Lessee's property as, ar connected with, the o�erations o£ a restaurai�t business related to T�essee's piopez�iy, unless Lessor gives its advance w�itten approval to the contcaiy. B. STANDARDS. Lessee shall nxeet or exceed the following standards; . 1. Address. Lesscc shall file with the City Managex, or his designee and keep ow7ent its �nailing addresses, telephone nunnbe��s and eontacts where it ean be zeached in at� emergency. 2. ist. Lessee shall file �tith the City Mai�ager, or his designee and keep ou��•ent a list of its pe��tnitted tenants and sublessees, 3, Coa�duot, Lessee shall contiactuslly require its employees and permitted sublessees (and s�iblessee's invitees) to abide by the terms of this T.,ease � Agreement. �.essee shall proinptly en%i�ce its contractual rights in the event o� a default of such covenat�ts, 4. Utilitles, Taxes and Fees, Lessee shall m.eet all expensas and paymen.ts in connection with tl�e use of the �,eased Premises and tl�e rigl�ts an.d prl�vileges herein granted, ii�cluding tl�e timely payment bf utzlities, taxas, �ertnit fees, license #'ees and assessrnents Iawfi�lly levied or assessed. 5. Laws. Lessee shall ca�nply with. atl cutx�ent and future fedexal, state and local laws, ru�es, nrdinauces and regulations which may apply to the conduct of business conte�npiated on the Leased Pxexnises, includxng without limitation, i�ules, regulations and ordinances promufgafied by Lessox, and Lessea shall lceep iu effect a►tici post in a prominent place all necessary and/oi requi�ed licenses or pe�mits, 6, Maintenance of Leased Premises, Lessee shall be respo�asible faz� the maintena�ice, rcpair a�id upkeep of tha Improvemen.ts, and the mowln.g and maintenance of grass, other vegetation and Iandscaping on the Leased Piemises, and shalI keep the J eased Pre�nises neat, clean and in respectable conditiaia, as determined by Lessor, free fibm any objeationable matter or thing, inc�uding tra�l� or debt�is. '1, Unauthorized Use of Leased Premises. Lessee may not use any of the Leased Premises for any use �iot auihorized lierein unless Lesso� givcs T�essee priar written appz�aval� �f sttch additional ox different use, 8, 4uit Possession. Lessee siiall quit possession of the Leased Premises �t the end Page 5 of the I,ease Terlii, or upon cancellation �or toirnination of the Lease Agreement, aud delivec up the Y.eased Ptemises to Lessor in the condition oxxginally leased to Lessee, with tiie Improvements being removed as piovided in Paragraph I.C., above. 9. Indemni , Lessee shall indemnify, hold harmless and defend and hereby releases the Lessor, its off'fcers, agents, elected off"icials and employees, fi�om and �gai�xst liability, of any lcind, type or nature, for or related to any and all claims, liens, suits, demands, losses and/or actions £or darnages, injuries to persons (in.cluding death), praperty damage, {including loss of use), and expenses, incl�tding cou��t oosts, attorneys' fees and other reason�able costs, oocasio�aed Uy, related to oi� incidenfal to the L�ssee's, Lessee's invitees, Iicansees, customers, visitors, en�ployees, agents and any other person's oacupancy or ttse of tlie �.eased Premisas or activities eonduoted in connection witl� ar incidantal to this I.ease Agreement, including wifhout limitation, al� such claitns, lieiis, suits, demands, lasses and/oz• actions based on comniou, constit�ttionttl or statutory law, or based in whole ox in pari upon the negligent ar iiitei�tio►�al acts or omissions nf Lessee, its off'icers, agents, employees, invitees, licensees, customers, visitors or any othex persons, Lessee shall at all times exercise �easonable precauiions ou hehalf of, and be sola�y responsible for, the saFety o£its of#'icers, employees, agen#s, customars, visitors, invitees, licensees and other pe�'sons, as well as their property �nd the Leased Pren�ises, while in, on, az� in�valved in any way with the use af the Leased Preinises, The Lessar is not liable oX xesponsible for the negligence or intentioaal acts or omissians of the Lessee, its af�'icers, agents, employees, a�ents, customers, licensees, invitees, visitors and othe�� pexsons and Lessee hez•eby releases L,essor, its off'i�ers, agents, elected officials, and employees from same. The Lessot• sl�ali assuine no responsibility o�� liability fot ha��m, in.ju►y, oz• any datnaging evei�ts which aie dizectly or indirectly attt�ibutable to premise defects, whether real or alleged, which may now exist or which inay h,e�eafter arise upon the Leased Premises, �esponsibitity for alt suck� defects beiug expressly assuined by the T�essee, Without limiting the general nature of the foxegaii�g, the Lessee agrces that this indemnity provision applies to, among all niatters as prescribed hez�ein, all claims, suits, darnands, and actians arising fi�om a[l �remise defects or conditions, , THE L�SSOR ANA '�'HE LE�SEE EXPRESSLY' INTEND THIS INDEMNTTY AND I�LEASE PRQV,�SZON TO REQUIRE LESSE� AND �IEREBY DOES R�QUIRE LESSEE TO INDEMNIFY. HOLD HARMLESS AND DErBND TH� �,�SSQR. ITS OT'�'TC�RS, AGENTS, EL�CT�D_ OFFICI�LS AND EMPLOYEES AND �ESSEE HEREBY REL�AS�S LESSOR, AND LESSOR'S OF�'ICERS, AGENTS ELECTF.D QF'FICIALS AND EMPLOYLES FROM THE CONSEOU�NCES Ok THB LESSOR'S OWN NEGLIGENCE, OF ANY� K1ND,_ TYPB OR DEC#RE�, WH�R� T1TAT NEGLIGENCE IS A CAUSE, 1N WHOT,E QR 1N PART, OF THE TNJURY, DBATH, OR DAMAGE, � Page 6 THE 1NDEMNJTY CO�TAINED� IN TH75 �'ARAGRA.�H (A) TS INDE�ENDENT OF LESSEE'S INSURANCE, (B) WILL NOT BE LIMITED �Y COM�'ARATIVE NEGLIG�NCE STATUTES 0� DAMAGES PAID UNDER THE WORKERS' COMPENSATION ACT OR SIMILA�t EMPLOYEE BENEFIT ACTS, (C} WILL StJRVIVE THE END Or THE T�RM, AND (D) WIL�, APPLY EVEN TF AN INJURY IS CAUS�D IN Vi�Hb�,E OR IN PART BY THE NEGLTGENCE OR STRICT LIAT3ILI1'Y O�' LE�SOR, BUT WILL NOT APPLY TO THE EXTEN'1' AN 1NJUEtY IS CAUSED B'Y THE LE�SOR'S GROSS NCGLIGENCL OR RrILLFUL MISCONDUCT OF` LESS012. C, SIGNS. No signs, posters, or othec su�tilat devices ("Signage") shall be placed on the exterior of tlte Imp�•avetnents or on any paL�tion af tha Leased Premises without the prio�' wriiten approval of Lassor zncl, if peirnitted, shall be in cor�oz�mance wii� the Donion Ciiy Code, Lessee, at its sola espense, shall be responsible for the creation, installation and maintenance of all such Signage. Without Iimzting the geneialify of Patagraph N.B,9,, above, I.essee shalL pay to L. essor an�r afid all da�nages, injuries, or i�epairs resulting from the installation, rnaintenance oz• x•epair of any such Signage. Any permitted Signage placed on the Leased P�emises shall be niaiutaiueci at al� tzmes in a safe, neat, sightly and good ph.ysical condiiinn, All Signage sh�ll be remnved fi•om the Leased Premises by Lessee immediatcly upon receipt nf instructioiis fo� ��emoval of s�me fiom Lessor, i�cluding without limitaiion, upon expiration or termination of this Lease Ag�•eenaent. If Lessee iails to remove the Si�nage within 90 days af�er terinination or upon instt�uction by Lessor, as the case may be, theti the Lessor may do so at the sole cast and expense of the Lessee. Lessee shall pay Lessor such costs of removal wiihin 30 days a$er receipt a£ an in�vaice �rom fhe Lessor. If the ittvoice is t�ot plid withiti said time period a lien is hereby gtanted by Lessee and is establisl�ed againsk Lessee's Property to secura payment, In such case Lessor is authorized to file an aff davit in tl�e Denton Cowlty Real Property Records against Lessea's P�apez�ty to evidence the lien. D, EN'z`R.Y, T;essor and its designees shall have the right to enter the �,easeci Premises upan reasonable advance tiotice (w��itten oz oral) and at any reasonable times for tha purposes of inspecting the Leased Prexnises, and parforming a�y worl� which T.esso�• eleois to perrorm und�r ttais Le1sa Agreem�i�.t. Nothing in this s�ctio:n shail im�Sly any duty upon Lessor to do any �vor[c, �vhich utader any other pravision of this �.ease Agteement Lessee is required to pet�form, and any performance by Lessox shall not constitute a waive�• of Lessee's cfefault. In tl�e event of an emergency, as determined by �,essor, Lessox, by a��d tlu�ouglt the City of Dentozl Fire Department, City of Denton Police Departmeirt, or other depat�t�nent or ag�nt o�' the Lessor, as applicable, may entez� the Leased P�emises without the no#ice pz�escri6ed l�.ezein, V. COVENANTS BY LESS�R Lessor hexeby agrees �s follov��s; �'�ACEFUL �NJOYMLN'I', T.Jpon payment of all i�ent, £ees, and perfo�mance of Page 7 the covenants and agceemei�ts an the pat�t of �,essee to be parfoirned heretindar, and subject to the terms of this Lease .�green�ent, Lessee shall peaceably hold and en�joy the Leased Premises and al] rights and privileges herein granted, Noiwithstanding the foregoing, the pat�ties understand and stipulate that the Leased Premises consfitutes city property. Tn that regard, Lessoz• shall not be liable to Lessee in t�.e event a cou�t of competent jurisdiction enjoins Lessee fi�om using the Leased Pre�nises under tliis Lease Agreement for any reason. In spck� case, Lessee's sole aud exclusive re�nedy widl be termination of the Lease Agreement, VI, ASSIGNIvIENT 0�' �,�ASE Lessee shall not assign or sublct this Lease Agreemeni, ln. whole or in pat�t, without th.B w��xttez� consent of i,essor, which consent w�i� �.ot be tiuueasonably withheld, Any attempted assignment oi� sublease of this Lease Agreement wiihout the written consent of Lessox shail be void. VII. INSURANCE A, REQUIR�ll II�IS�CJRANC�. Lessee shall mainiain continuously sn effect at all times during the Lease Ternz, at Lessee's sole expense, the following mi�nirr►um insurance coverages; ]. Comprehensive Commercia] (Pubiic) Gen.ezal Liability covering the Lessee and its company, its en�ployees, agents, te�ia�its, customers, invitees and independent contractors, Coverage shall be in an amount not less than �1,�00,0�0 per occurcence aud }�rovide cavet�age £or preinises/operations, products/completed operations and contractualliability. 2. All x•isk pro�e��ty insurance on a replacement cost bAsis cavering ioss or damage to the Im�rovements, Without litniting t�ie gene�ality af Article N.B.9., above, u�der no circu�nsEances shall the Lessor he liable far any damages to �xtures, merchandise nr othex� personal property of the Lessee or its tenants, including the Imp�bvetnents, B. �OVERAG� R�4Y�I12�MI;NTS. AlI insurance caverages shall coznply with the following requirem�nts; l. All liabiliiy policies sliall naine the City af Denton, and its officers and employees as additioaial named insureds Hnd provide for a minimum of 30 days writteri notice to the City of any canaeElatioi� or zn�terial change to tk�e policy. 2, Al1 insuranc� re�tured by this Lease Agreemei�t must ba assued by a campany ox companies of sound and aclequate financial responsibiliiy and authorized to do busitz�ss in the State of Te�as. AII policies are subject to the examination and appro�val of the City's office of Risk Management £or their adequacy as to content, foz�n of protectioii and providing con�pany. �age 8 3, Rec�ui�•ed ir�surance narning the City as an additionat insured m�lst be primary insura�ice and nnt contt�ibutin� witli any othe�� insu��ance availabla to the Ciiy whether frain � third party liability policy or othe�, Said �imits of insurance shall in no way li�nif the liability of the Lessee hereunder. 4, The Lessor shall be provided vvith a copy of all such policies and xenewal certificates. Failut•e af i,essee to comply with tk�e minimum specified amounts or types af insurance as required by T�assor sh�11 constitute Lessee's def�ult of this Lease A�reeineut, 5. During the l,ease Teriii, nr �ny cxtension thereof, I.essor herein reserves the right to �djust o�� incrcase the liability insurance amounts requixed o�the I,essee, and to rcequire any aclditionaE rider, provisions, or cez�tificates o� insursnce, an.d Lessee hereby agrees ta p��ovide any sttcli iiasurance �equirements as may be required by Lessor. VITI. D�FAUL'l' OP LES,�EE/I�MEDIES OF LESSOR A, DE�`AULT. I�i tl�e eve�it thlt T,essee shall file a voluntary petition in banki�uptcy oz pioceedings in banlu�uptcy shall hc iz�stituted against it and Lessee thereattex� is adjudicated banlaupt pursuant to sucLi proceedings; or any couz�t shall take jurisdiction of Lessee and its assets pursuHtxt to praceedi�igs brought under the prd�visinns of an.y Fedexal xeorganization act; or Lessee shall apply foz� or consent to ihe appoititment of a receiver, trustee, ox� liquidatox of ilself or all or a subst�nt�at pac�t of its assets; or Lessee shall be dlvested of its estate herei�a by other ogeratiotti of Iaw; or Lessee shall fail fo perform, keep and otssexve any of the terms, covenants, oz� canditions herein cnntained, or on its pai�t to be perEormed, Lessee sl��ll be in default undet� this Leasc Agreement and the Lessor may give Lessee wiitteii notice ta coi��ect such conditian or out•e such default and, if any conditio�. or default sha11 be continui«g thirty (30) days after the receipt of such noiice by Lessee, then i,esso� may exercise a�ly i•ight or re�nedy available to it by law, equity, COk�fiaCt 01 otiiel'Wise, including without limitatzon, terminatio�� of tiiis iease Agreement, I3�. C�NCET..Lf1TION AND REMEDIES OF LESSEL� A. ,TCJDICIAL ACTZON. Lessee inay cancel tliis �,e�tse Agreement and te��minate its obligations k�ex•eundex, by thirty (30) days written notice, u�on or afte� the issuance by any couit of coinpetex�.t jurisdiction of � permattent injunction preve:nting or resh�aining its use of the Leased Premises or any pa�•t tliereof f�r puiposes and uses authorized by this Lease Agreernent, B. CONV�NI�NC�. Lossee may cancel this Lease Agteetnent az�d termit�ate its obligations hareunder anytime ��fter the �ffective Date hereof, by thirty (30) days vvritten notice to Lessor, C, �NT PAYM�NTS/R�ST012A'I'TON. Zn the event of the cancellation o£ this Lease Ag�eement pursuant to thc tei�cns nf Section TK,A, or Section IX,B., above, Lessee shall pronc�ptly remove auy a�id all Ii��3�rc7vements made to the Leased P�emises and shall Page 9 xesto��e the Leased Pre�liisas to the coiidition found pi�ior to possession pursuant to the ta�ms stipulatad in Seciian I.C, Lessor shall be entitled to, retain the balance of any and all rent payments pxeviously niade by Iaessee, satne being stipulated by Lessee as being the adminish�tive costs iizcurred by �.essor in eiitecing into this Lease Agceement, and the parties sk�all have no fiutlaer obligations lo each other, except fo� Lessee t�esto�ation o:f the Leased Premises as set forth herein, D. DErAULT. Iu tlte evefrt af a mate��ial b�each by Lessoi� of any of the oovenants or agreements contained hereiti and the faihire of Lessor to remedy such breach a$er nittety (90) days of receipt of written notice of the �xistence of such breach provided by Lessee to Lessar, then the Lessee, as its sole anct cxcltisive remedy for such breach by Lessor may tetnninate this Lease Ageenieiit. X. IvIISCES�LANEOUS PROVISIONS A, �NTXR� AGRT��NI�NT. Tliis Lease Agreeme�.t constitutes the entire undexstanding betwean tlYe pfl��kies and as a� its Effective Date supersedes all piior or indepandent agreei�ents betweeii the p���ties covering the subject m�tter �eteo£ Any change or tnodi�icatia�� hereo£ shtill be in writing signed by both parties. The Recitals of this Leasa Agreement are represe�ited by thc ���i�ties hereto to be accurate, and constilute a part of the substat�tive agrecment. B, BINA�NG ��r�t;'1'•, All coven�nts, stiptilations and agreements herein shall extend to, bind and i�xu�� to tlxe bene�t of the legal rep��esentatives, sucoessors and pezm�tted assigns of the xespectzve parties heceto. C. SEVERAI3ILITY. If a provision hereaf shall be �nally declared void or illegal by any cow:t or administrative agency l�xving jurisdiction, the entIre Lease Agreement shall not be void; but the rem�ining pravisions shall continue in e€fect as nearly as possible in accordance with the original inlent of the parties, D. 1�IOT�C�. Any notice given by aia.e pzrty to the othez� in cannection with this Lease Agreement shall be in ��n�iiing �nd s1�a11 be ser�t by cei•ti�ed mail, return receipt rec�uested, with postage fees ����e��aid, or via facsimile as follows; 1, If to Lessor, acldr�ssed to; City Manage�� 215 �, McICinney D�nton, Tex�s 762Q l Fax No. 940,349,859G w/copy to: Di�ector oi'Econonlic Development City of I7enton 21 S East McKinney Street Denton, Te�.as 76201 Page 1{} Fax No. 940,349.$596 2. Iito Lessee, �ddressed to: VOW 210 Hicicory LLC e% Versus Real Estate Services 1696 S. i,00� 288 Dejiton, TX 76205 Fax No, 940.3 81.0077 l�Totiee shall be deemed delivered and a•eceived for all purposes when placed in the United States mail, zs set fox�th hcrein, or when delivexed by telephonic £acsimile to the other pa��ty at the facsimile z�umbet•{s) pravideci Above, �, H�ADTNGS, The headin�s useci in this Lease Agteement are intended for convenience of re£ex•ence o��ly and do not deii»e or limit tha scope or meaning of any provision o�this Agreement. . F. G4VERNING LAW AND VENYI�, THIS LEASE AGREEIVM�NT IS TO BE CONSTRUED IN ACCORDANCL� WITH TH� �AWS 0� TF� STATE OF TEXAS AND IS FULLY PERk'ORMABL� IN DEI�TTON COUNTY, TEXAS, EXCLUSI'VE V�NUE �'OR ANY LAWSUIT 'I'0 ENFORCE THE TERMS OR CONDITIONS 0�' THIS LEASE AGRLEMENT SFIAT,L BE A C�URT OF COMPBTENT NRISDZCTION 1N DENTON COUNTY, TLXAS. G, NO WAIVER, No ti���iver by Lessar or Lessee oi any default or breach o� covenant or tertn of this Lease Agreement m�5� be treaied as a waiver oi any subsequent default or breach of the same or aiiy othet• coven�nt ot� te��a�: of this Lease Agreement, I�, �O AGCNCY, Ducing alI times that tl�is Lease Agreement is in effect, the pat�tles agree that �,essee is iiot, �tid sh�li not ba d��aned, a� agenf or employee of the Lessor, Nothing co�itained h�rein st��tl! be constt�cied to create a jQlnt venture, partnershi� or joint entei�rise, I. SURVIVAL. The te�n�s and provisi�ns of pa�agt�aphs I.C., TII.B., N,B, and IV.C,, shall suzwive the te���nination of this �et�se Agreerrtent. J� DEL�GATION, Any . actiat� that is to be ox could be talcen by the Lesso� hereunde� �s hereby d�legated by the City Council of the City bf Denton to the City Manager or his designee. I�, RECORDA.TXON, This Lense Agreernent shall be recarded in the Real Property Records of Denton County, Texas. Upoix tet•�nina#ion o�this Lease Agteement as providecl herein, eitlie� party may request the execution and delive�y of a Memorandum o£ Release (herein so oalled} to be rec�ccied in the Rca[ Pz•o�erty Recards, Denton County, Texas, as canstzuctive natice o� tcrminatior� of tl�is Le�se Agreement, The exeeution and delive�y of the Memorandlun of Release Shall not be mueasonably witlzheld by either party, Page 11 ZN WITNESS WHE�tEO�', the p�riies liave exeouted this Lease Agreement as of the �ffective Date first above written. CITY OF DENTON, TEXAS BY; G�0 GE C, CAMPBELL, CITY NAC�ER ATT�ST: JENNIFER �JALT�RS, CITY SECRETARY B , ApPR�VED AS TU LEGAL N'ORM; AN�TA BURGESS, CITY ATTOItN�1' BY; - Page 12 VOW 210 Hickory Partners LLC, a Texas limited partnership By: Name: �.C,' -�'� Gc%� � � Title: � ACKN�WLEDGMENTS TI� STATE OF TEXAS § COUNTY OF DENTON § T'his instrument was aclrnowledged before me on the �J��� day of , 2013 by George C. Campbell, City Manager of the City of Denton, T as, on be f of said municipality. ��ot�;lr"�e��., JANE E. RICHARDSON : a; � � Notary Public, State of Texas - ' � ' My Commission Expires '%;'�loi��;�r� June 21, 2013 �,� �,,, �',. .� : � . � �/� //� . • • ; . � . , ACKNOWLEDGMENTTS TI� STATE OF TEXAS § �.uB�Qo� iC COUNTY OF � § �� This instrument was acknowledged before me on the � da.y of , 2013 by Cliff Watt, Y�� of VOW 210 Hickory LLC, Texas limi d liability company, on beha f of said limited liability company. ��Mp�C1N NYpKA o{Texa , Notacy Public, 5tat �x4tres = My �omm`s$� �p13 NOT � Y PUBLIC, STA OF TEXAS . MA�( 21, Page 13 ATTACHMENT "A" 36783 i� ��.2'14 .�. H I C�E� Rlf S'�'" RE �T ` ozrsa�oe ACL THAT C6RTAIN TRACT OR PARCEL AF LAN� LYING AND BEING SITUATEp IN 7HE H. SISCP SURVEY, ABSTRACT NUMBER 11 B4, DENTON COUNTY, TE7(AS, AND BEINCi PART OF LOT 3, �LR.CK 20, ORIGINAL TOWN OF DENTON, AN ADbITION TO DENTON GQUNTY, 7EXAS, RECORDEO IN VOLUME 4, PAGE 63, DEED RECORDS, DENTON.COUNTY, TEXAS AND ALL OF A TRACT OESGRIBED IN A OEED TO THE ADAMS TRUST�, RECORDED UNDER DEBf1 NUMBER 200i•132305, REAL PROPERTY RHCORDS. DENTON COUNTY; iEXAS, AND BEING MOREPARTICULARL-YDESCRIB�DRS POLL01N3: BEGINNING A7 A 1@ INCH IRON PIN FOUNQ A7 THE SOUTHEAST CORNER OF SAIp AOAMS TRACTAND THE NOR7HBA6T CORNER OF A TRACT � - DESCRISED IN A DEED TO BEUTAH COOK OAY, f2�COR�E� IN VOLUME �739, PACiE 760, DEBD RECORDS, OEN.iON COUNTY, TEXA3, 3AID pIN ALSD BEIN60N THE WEST LINE OF INDUSTRIAL STREE77 � � . � � . � � . - THENCE NQRTH B8 DHGR��S 41 MINUTHS 04 SECONQS WEST WITH THE SOUTH LINE OF SAID ADAMS TRACT ANp THE NORTH LINE OF SAIp OAY TRAICT, A DISTANCE OF 80,00 FEEf TO A 1/2 INCH IRON PIN FOUNb AT THE SOU7HWE8T CORNER OF.9AID ADAM& TRACT AND THL NRRTHW�ST CORNER OF SAID (3AY TRACT, 9AID PIN ALSO BEING QN 7HE EAST LINE OF A TRACT DESCRIBED IN A DEED 10 THE CITY OF OENTON, TEXAS, REGQRPER IN VOI.UME 1 �0, RAQE 484, DEEf� RECORDS, DENTON QOIJNTY, TEXAS; THENQE NORTH 00 DEOREES OQ MINUTES 04 8ECOND9 EAST WI7H TME WEST LINE OF 3AID ADAMS TR,ACT RND THE EAS7. LINE OF$hID CI7Y OF DENTON TRACT, A DI$7ANCE OF 92,18 FEET TO A BRICM 9UIl,DINO C�RNER AT THE NqRTHWES7 CQRN�R QF BAID ADAMS TRAC7 ANQ TH� NORTHEAST CORNER OF SAIn CITY OF pENTON TRACT; SAID BRICK BUII.pINCs CORNER AL50 9EINC3 ON 7H� SOUTW LIN� �FHICKORY.STR@ET; THENCE SOU7H BB DEOREEB 34 MINU7E8 30 SECQNPS EA57 WI7H TWE NOR7H LINE OF SAID ApAM9 TRACT AND TME 80UTM LINE OF HICKORY 67REBT, A DIS7AN¢E 9F 80.00 FEE7 TO A 9RICK BUILqIN� CQRNER.AT THE NORTHEqST COFiNER OF SAID ADAMS TRACT AT THE WTER�EGTION OF THE SOUTH LWE OF HICKORY STREET AND 7HE WEBT LINEAF INDU$TFtIAL STREET, 6AIq GQRNER' 9EIN6 THE NORTHEA3T CORNER9F SAID . LOT3,$LOCK2Q THENC� SOUTH WITM THE EAST LINE OF BAID ADAMS TRACT AND THE WEST IIN� OF INCIUSTRIAL STRE�T, A DI87ANCE QF 92.01 FEET TO TME POINT OF 6EGINNING AN� CONTAININO IN ALL 0.17 ACRES OF LAND. ; .� ,co�i�R�t,r - . . .- : :.-uar�r9,��..: �. r ;. d ��� � ,y: I . Pf ; �; 9 . � C RNER Q S�RV� � � a� �;�t�`.�a, H, SiS� t N0. ,:: :' rn A�$T���or �, BLOCK 20 ;,� � � � ORI01ryq� TOWN_ p � � � W . . OF DENNN `' . �• VOWMB 4, PAQE -53 pR , �' , � 0.17 ACRES .t •1 � �O � 210-214 E, HICKORY ST. � p 1 STORY 6RICN BUILDINC . � . ...•' `': .��. 4, � . a •... .O. - hlE ADAMS 7RUSi � . � � . . � . : � y .., •7' �j � DN 2007-134306 C�N OF OfiNTON,":7�yA§,+ ,•;,", a � RPR REfER�CE YOLUME 776� Pr;C�E;'604;-. .••. • LIN DR� .. i i' Z . LO7 �. AI,QCMX10 �� . eM �RC � g0% NE . . . OJIIOINN, �T4WN � � �F DE(�QN� �'� FUU . VOLUNF� 4,�►l�df:t}3 D '•�F � •'�M .� � .�,� . '.:' ; eo No�vr N 89'41'04 W 80.00. . - � •.1�•JFlDN PIN . � � . �� ' � . YOLUME 730,� PA(iE70B � �y .. � oe ppINT OF : �� , BEQINNINQ - � - lA7 3, BLOCK 20 � ��� - ORIGINAL�TOWN Op DENTON -� VOLUMH 4, PAOE 63 DR NQTES: �. .. � • . . . EABEM&NT9.&HOWN HERHON AR@ AS LISTED IN THE TITLE RESOURCE& GUARANTY COMP�ANY'S TITLE,CpMM17MENT 0� No. �81078, EFREC7IVEAATQ JANUARY 16, 2008. NONE LISTEO. � BEARING 9F SOUTH IS QASED ON THE �AST 41NE QP TME TRACT DE9CRIBED IN A DEELI TO THE ADAMS TRUST, RECOR�ED UNbEfi DEEp NUMBHR 2007-132305, REAL PROPHRN RECORQS. DENTON � � COUNTY, TE%AS. . � � BY GRAFHIC PIOTTINO qNIY, THI& pROPERTY IS. WITHIN ZON@ "X", AREAS DETERMINED TO BE � OUTSIDE OF A dES10NATED 100 YEAR OR500 YEAR FLOpPPlA1N A8.&HOWN 8Y FIRM MAP - .� � COMMUNITY-PANEL NLIMBER 4&121CO�BU �, DATED APRIL2, 1897. NO SURVEYINO WAS PERFORMED TO D&TERMINE iHIS F100Q ZONE. -- - � _ � SURVEYORB CERTIFICATE � I, BRAD G. 5HEL7pN, D6 yERBBV CERTIFY 7HAT A SURVEY WAS MADE ON THE.GROUNp THIS 281h �pAY OF FEBRuARY, 2008 OF TH8 PROPERTY OESCRI�ED NERBQN AND THERE ARE NO (VISI04E) �. � ENGROAC�JA7L•IPT8�PR07`RUyqlOff^, pR�OVER�PIN� OP IMPROV8MEN7S, EXCEPTAS 5HOWN - Si�019TERE0 PROFE8610NAL LANp SURVEVpR S7ATE OF T2XA8 ND. 545a Su I���( , InC.. N �/ E. . . � , � : . '.�. n�wrr. JR� cxn: �MRK OF Mo. 281076 E ,�•��3Q� o�ixsios Pto. �E�.o� _ I ATTACHMENT ..B., I � _ ' _ N � .. - '. � . � �J ��•JT•/LL7q �'da P:d�: qa� ._• . -��.'0 .' _.. . . . . , . ' .�. p� � t' �4 •.. WIV�iRGIC.a °+. 4 � � • 4 BRICSiC � o V �/ � .4,. �I:v�:.�7' ' " ' BLDG; • .• . . . �I ' �° ��RNEFt° � d. a a• � o � . . . . . . a'. ' 'a . - . . . . . . . - .. �. � . . . . � I , . , a , � _ � . . . . . . ..�. . ,� V .. � . . .� e � tl. 4 .¢ . . . .. ,. , . ., . , � -�r � .. . : . •a '` • ' _ -PtO1NT QF , ,:. d'... '-0,`. ' B�GINNINQ .. � . . � • .. .'�d'� a . �� . " .. � - .. � - ; � - � . � � � � . - . . � • � ..4 .w. r . � .� � � � - � � _ , , . ' ' ° ' ' LOT 3, BL.00K 20 e .: d � � OR►GINAC TOWN .'' • e, a:,e CV.' � CO . OF DENTON •�' '' [] VOLUME 4, PAGE 53 DR � . . � ' . -e G • p . • �y�, /.:1 . . . � , . � . . - .. . , a ..Qa`^+ .. `.J 2 . . . � � • �. Q T r � . . , ... °CONCRETE , • Q W � ,, � 210-214 E. MICKORY ST. . _ , . . d a,;�. N;�; 1 STORY SRICK BUILDING ; ' ,, . , . THE ADAM5•TRUST ` . _ . 'a, a: 40 � � DN 2007-132305 . a , • � � O Q RPR � .-. a a , � , � CITY OF DENTpN� TE�(AS � � , I i VOLUME 1 D�:PAC��F $64. '.a. •• Q� n CURV� .�� QQ, . ,.: . , ,tl . ;, ,� o N M. SIS� RA�T N0. " - LOT 3� �OGK 20 .'. e.�Z ca/) AGJ� ORIGINAL •TOWN ..Q. OF DEN70�1 �'a. VOLUME 4� P61GE 5� . DR •>a .°r e,. � ''a. ` . ,a ,. • EL�CTRIC .A, . • ' . METER. . . .. . . . . . . � � - :d . _. , . . . . . . � . . � � � � .� a .. . ' :a Q. . - - . d . ; . . .. �. � . . c Q(� ZQ C/�q ,�I AS �'�WAT�R . . � ..4;�, �e `�. � .• . . � ° o . . � . . . .. � �7a.U�i•VJ167�a,,�1L, � �.YYa- . d � " �M�RP e � � �'.d • ,'�. R' � � , �. - � II � _I.`F•V�' o d .� . . o: •a . , .. .. , .. .. a�: � � �� Z � .. - . : - . . _ .. .. , . . � ' 6� , �b 'a, �• ❑ a _ •, °• ' . ��. . . . . ..o .. .. O � � , , ,: . ;� • ; : . . . • u. _ - . " . . . � . . . . . � ° - - a. . .. . .. �� . �. ' . . _ . . . .. Q � . . . . . . , _ .. . � . .,Q,;" - . �. . . � . � . - . . . . . - BEULAH''GOOK GAY a a; e. , 4: .• e, •� VOLUME 739� PAGE', 708 . . ' . , . a.. . . . . . . pR � e, . ."•e LOT 3� BLOCK 20 "�c������ , 0 20 . . 40 . . 80 . ORIGINA� TOWN : `� '���� :�''L'e��,r, I OF DENTON .�� � I VOLUME 4, �AG.E 53 -,DR „ • ' '` SCALE' IN �E�T ... , . ' . . ,. . . . . , � � .. � ��. �M�� � � , .. ' . - .. . ^M-.' � _ . ,� � . �. . ' . . � � �' rQ �"X . � �.: . -.: � �� �urvey�ng, Ihc. , 940-38�-0506 223 W. HICKORY, DENTON, TEXAS 76201 infb@metrapfexsurveying.com WN. J�.�„� CKD. �RK sCALE ,�..�20. DATE � 2�7 ���8� J�B NO•36��1�. . , , . � I ATTACHMENT •,C,• AI,L THAT CERTAIN TRACT OR PARCEL OF LAND LYING AND BEIlVG SITUATEb IN THE H. SISCO SURVEY, ABSTI�tAGT NUiVIBER l l 84; DENTON COUNTY, TEXAS, AND BEING PART OF : A T1�ACT DESCRIBED IN A DEED TO THE CITY OF DENTON; RECORDED IN VOLUME 175, PAGE.469, DENTON COUNTY, TEXAS, AND PART OF LOT 3, BLOCK 20, ORIGINAL TOWN OF DENTON, AN ADDITION TO THE CITY OF DENTON, DENTON COiJNTY; TEXAS, ACCORDING TO THE PLAT THEREOF RECORDED IN VOLUME 4, PAGE 53, DEED RECORDS, DENTON GOLJNTY, TEXAS; BEGINNING AT A BRICK BUILDING AT THE NORTHEAST CORNER OF SAID CITY O�' DENTQN'TRACT AND THE NORTHWEST CORNER OF A TRACT DESCRIBED IN A DEED TO THE ADAMS TRUST, RECORDED UNDER DOCUMENT NUMBBR 2407-132305, REAL PROPERTY RECORDS, DENTON COUNTY, TEXAS; • THENCE SOUTH OO DEGREES.00 MIN[JTES 04 SECONDS WEST WITH THE EAST'LINE OF SAID CITY OF DENTON TRACT AND THE WEST L1NE OF SATD ADAMS TRACT, A DISTANCE OF 80.Q 1 FEET TO A POINT ON THE EAST LINE OF SAID CITY OF DENTON TRACT AND THE . WEST LINE OF SAID ADAMS TRACT; THENCE SOUTH 89 DEGREES 38 MII�IUTES 52 SECONDS WEST; A DISTANCE OF 14.09 FEET; THENCE NORTH 00 DEGREES 3i MINUTES OS SECQNDS EA$T, A DISTANCE OF 80.2Q �'EET TO A POINT ON THE NORTH LINE OF SATD CITY OF D�NTON TRACT AI�TD THE SOUTIT RIGHT- OF-WAY LINE OF EAST HICKORY STREET; THENCE SOUTH 89 DEGREES 34 MINUTES 28 SECONDS EAST WITH THE NORTH LINE OF SAID CITY OF DENTON TRACT AND THE SOUTH RIGHT-OF-WAY L1NE OF EAST HICKORY STREET, A DISTANCE OF 13.37 FEET'TO THE POINT OF BEGINNING AND CONTAINING IN ALL 0.025 ACRES OF LAND. I _ - 1 Attachment D H z � H � w 0 � � � a Y U _ i1J � � N AssrGNMErrT Arvn Assun�Tiorr oF LEASE THIS ASSIGNMENT AND AS5UMPTION OF LEASE (the "Assignment") is effective ,�� ��� ���� �� ai���� �a�`" � � � ��� 9 ��, �� �r�� l�r������ �'���+" �� I �� &-��i�;��a��^, N������„ � "�`����� ��r���t�+� lm��k�iiity �.���r,p����� �`��°��.��,��rrc,�r��'�, �� k�����.��, ���� �"��� 6������.�I�.�", �..1.��`ry a� rvf"�x�;� limited liability company ("Assignee"), WHEREAS, pursuant to City Ordinance Number 2013-009, Assi�nor entered into that certain Lease of City Property located on Lot 3, Block 20, Original Town of Denton, dated effective January l5, 2013, (the "Lease") with the City of Denton, a Texas home rule municipal corporation (the "City"), as Lessor, and Assignar, though improperly named, as Lessee, a true and correct copy of which is attached hereto as Exhibit "A:" and WHEREAS, the Ciiy and Assignor corrected the misnomer through the First Amendment to Lease of City Property, which was approved by Ordinance 2019-367, a true and correct copy of which is attached hereto as E i i";" and WHEREAS, Section VI. ASSIGNMENT OF LEASE stipulates that written consent from Lessor is required prior to any assignment by Lessee, which consent will not be unreasonably withheld; and WHEREAS, Assignee desires to acquire froin Assignor, and Assignor desires to transfer and assign to Assignee, the Lease and the Leasehold estate created thereby; NO W, THEREFORE, for and in consideration of the agreements and covenants herein set forth, together with the stun of Ten Dollars ($10.00) and other good and valuable consideration on this day paid and delivered by Assignee to Assignor, the receipt and sufficiency of which are hereby acknowled�ed and confessed by Assignor, Assignor does hereby ASSIGN, unto Assignee all of Assignor's right and interest in and to the Lease, as amended, and all of the rights, benefits, and privileges of the lessee, Through this Assignment, Assignee expressly assumes, as if it were the original Lessee, compliance with all the terms, obligations, responsibilities, and conditions of the Lease, including but not limited to the provisions for insurance as spacified therein. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] i ! �r , ��': �, 1 .r �� 4 n; � � r 1 � � •�;: ,',.� i:: ' � .�i : �:�� 1, � 1 �b , �.: �. I, :;. �� ���� / � �� s 1 : I ��. � � 1�...: r� . � � � /d � pm � w � i� ,� �.:. � � �� : i: i 1 ;: � ��... � �...:: • � w � �. ,:. 1 : � �, :..� 1 : �. �: ! .,; . ! ' � W, I� �� II'���� (06��11 IUVII�� II� �'" � lll n , i � : a . '_ By its execution below, the City hcreby consents to and approves this Assignment and confirms that the Lease is in full force and effect and a true and correct copy of the Lease is attached hereto as Exhibit A and the First Amendment is attached as � i' . CITY OF DENTON� `�' -�' � ,� �� �� � �" / � � �� � �� � � �° � � � �����w��..:.�� �� �m'� � ��. w..�. �� � .... ..� '�°�d�l Hileman, City Manager ATTEST; �, .' � � .���.���n,,����.��.���� ... . ...... ....... ..���� RACHEL WOOD, INTERIM CITY SECRETARY APPROVED AS TO LEGAL FORM: _ � � ��.� ,..... ���� �''�� �w �� � _._.. _ .��� � � � . ..,_ - �. AARON LEAL, �� " r�'� "�"+�i �.�1 � ""`�"" ADDRESS FOR NOTICE PURPOSES OF NEW LESSEE UNDER LEASE: CDI HICKORY, LLC 319 W. Oak Street Denton, Texas 76201 S � � �, ! �.�� . _ e�\3ey�l�our doattn�ant�\aa�traat�\i]\vrnr leeae ol aitiy xuCopetty�doc Ll7/"�7� �� Cll 1 ,�"���J���4'w�...� ��� 'w". t k' 4 ,; . 1' 6 ,� � !, �,' ,� C. �:. i. , ,�� : a � �:N' . W �M'� , k ���r � I ro'' , , . �� �� u� � . : � �z m � i � � � , � � � ��:� �� • WITNESS�I: WHEREAS, Lessee is d�e owner of certain real pmgerty located at the �� t ���� ��` ��s��'.���� � ��°�� � ���°��� ��k.��� ��� ��` �'a� ���t��,� '� �"��� "����� ���''�������,.���^� � ��.� ��� �������°f������r���a���� ��"�� �,,. ���1� �' �� ' ����a��� �� �� �� �� �� �� � �� �� �� � �� ��� � � � ��� � � � ����� �� �� • `� � � �^�,���� � ki���� end msde a pa� hereaf far ell pucpaees ("I.essee'� Propert�'�, and VI�REA.S, Leasee has requaeted thst it be allowed ta Iease a portion of the land �^�,r� ��� ���� �;����� �� ���a��� �� �a� v�^��r �► � o�;�a�� `ntaia a ��ir� ,�r �z� ���u����ar�. ��� ��a� � �� ��" � ��t�� � �; L�s 's �`� � NOW, �`�� �"� ; for and iiti ��� ', t�,�� of the protnises at� tha mutnal covenaats �� � iunthia ,�„ o �� t}ie �� ���� egree ae �ollmws: � v��� �r� i�� c��za�w� � ����" �ru1� � � � a �� ��r�� �a�. �t t�. �� 1� . " �y ��` �"4��� u�1�a �w�r� ��i , +�+�� ��r ��� �Ca� � r� �� � "k� i�ca� "�� ��� � fnllowi�g described land � in De�tton Couniy, Texea; �� . � b�;��+��"��, , �� , ��� ' �� "�,t��� � ��i� ��;" on �t"� ��t+� ����� � � , ���id� ���""� � � � � ra� �,���� � � �u�, �w�,� � � �� �� �� � � � ���� �. p� ; �` �"� �,1 �����,w � ��� �u��e ��i��i�� ��i� �° � ���� � ���� �u� �a����� ������. �n. ������ �"��'� ������� �� �� �� � � ����� �"��' �1'��� purposas (ttLa "Lessed „�������. B. ,�, '���.���� ��' �"� " �� ��'� "�" �� "�� o , � '��� ��'� NONE: There will be no ..w�.. .m...,�_._P���...� �������r�,����������+���`���������c����z������. . ..�..,,...., .. �P�.�roe� .,e C. ������ � � w �,�,��,, � � � �� � � �.�� Oti the I.eased P���s, '��� ��N� aopstruct a �� � othe�c ��������� (`���^���,��'�� Ti�e ��� �� ar� 9;���� �� .on �i�c "D" � �d harebo et�d mado a part harenf for all purposes. 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" � '��wi�,��y� p��� �"� � ������p ��Aryy�u�ry����g���&'�� y��y �w�;���;sl��µ�I �"���` �"�"�� ��y,,ry°�� �p�ryp"�;��y w��a���-,p�.�'�,�*�:�,�p,���. , r tad'F � V��� ,Yd'��� ��� ��.�,V� Aa �4��,"d� w�1F �W�� Jk.�rA� �AI` �,d?L�A.,F �d"MM'1"�n��,��W"0k4,w a's"p R"]t �U^AN."N .�I �4�w1�'�. ti��/F" . ^ ° ,'��p � �� ���" a� ��� "+�� . �' � �,��" ���'� ��" �,���9� ���""�" ��" �������� '. �,��"" ����" �..�„�� ' � �"�""�i��'��.�"d��" �C��;�� �'"��"� , � � " , . � ��„�",�'+�'�"'�l"�"�"�",� �������� �� �G���. �� ����fM�� �'�"Jl",',� ���w"�'�'��� �� ��6.�f� 1 ��,�", , , . � � � '�'"���d'��"� ��u�,��'"��� fi�� ��'"������ � 1 �a^1'���"�� �� �a��:���� '�'��"�"� � ���� �"�!�,�� ��:�' �� "��`�^�"�" "l"� . � � , � ����" �'� "�"li��.�4����'�� �N!':�'���"�� �'��N� �t'�i C�� � "�C��' �""�" �� . ��%' i�� . :. . . , ,, . , ��"���"� �;�T� i��" �.�"�" �����t��"� �"�.�'�;"["; , ° . . �'�° ��� , ������ �'� 1�����5�� ��;��� :� �� ��"��"�1�,��� ���"�' �"�"�'�-� "���f� ��,� �� a. ��'� ,. , � ,���""�,�,� ���, �' "� +��'�` AIND ��� ��,i�,J"�"�µ�,�i��"� ������¢" �a���+��" ��`` �� (��."1"" ` � �", �'�� ,� ���" � �� �'3.37 , T' "�"`�� ��d''� �'i�` ��,� �� �ai�"�► �� �1��'� � "'' � �N��� �.�� �� �� � �� � . . � . � �. , �� � . e , � , . , u . , . � � . � , , .,, � , , , � ,. � � � , , i .f.. . .1; ...., f � ` i � ., r,,,, � .,�.. � ...,. � 1..� i � 4 .' � ! w FIRST AMENDMENT TO LEASE OF CITY PROPER'1'Y This First Amendment to Lease of City Property ("Amendment") is m�d� and executed by and between the City of Denton, a Texas home rule municipal corporation, h�r�inafter refeaed to as "Lessor" or "City," and VOW 221 E HICKORY, LLC, a Texas limited ti�bility company, the intended name of Lessee, improperly identified as VOW 210 Hickory Partners, I�LC in the Lease, to amend and correct the L,essee named in the original Lease executed January 15� 2013. WHEREAS, the Dentan City Council authorized the City Manager in 0�����nce Number 2013- 009 (660rdinance") to execute a Lease Agreement by and between the City of . nton, as Lessor and VOW 210 Hickory Partners, LLC ("VOW 210") as Lessee for the lease o� ����raximately 1,089 square feet of City Property located near the intersection of East Hickory S������ d Industrial Street and legally defined as Lot 3, Block 20 Original Tawn of Denton (the "Lease"�s ��� WHEREAS, the Ordinance and Lease inadvertently named VOW 210 Hickory Paztners LLC when the correct entity name should have been VOW 221 E HICKORY, LLC ("VO 22199); and REAS, the Lease was executed in the name of VOW 210 on January 8, ��013 and by the City on January 13, 2013; and REAS, the Parties agi°ee that VOW 221 was the intended patty to be �,qa� Lessee and have performed under the Lease as ii VOW 22l had been properly named from the �ginning; and REAS, this desire to conect the misnomer af the original Lease; NOW THEREF(7RE, the parties, by signature below, agree to the aforem��a�noned Amendment correcting the Lease ta reflect VOW 221 E HICKORY, LLC as the Lessee. ��'���r than the stated correction, no other changes are made ta the terms of the Lease, such terms ��r� conditions to remain in full force and effect. IN WITNESS WHEREOF, the parties have executed this Lease A�ee t as of the Effective Date first above written. LESSOR: CITY OF �D'� �;� A Texas ��c� ; • `�� r LESSEE: VOW 221 E HICKORY, LLC; �„�,��w�����w��p���� a Texas limited liability company � �� � � �` BY: °' "p � � � � �,,,., .w. e.w... � �^"a, �.�� _ . I"������I.M�� .�, aW� T� m�4��' , MEMBER ATTEST: RACHEL WOOD, INTERIM CITY SECRETARY B � ��;1 1� � ��� �Ir��� � }�" u� � � t � • � , ... .���.,_ �_.Y .... �www�_�, _..».„... ..r� THIS AGREEMENT HAS BEEN BOTH REVIEWED AND APPROVED as to financial and operational obligations and business t��°p���„ � Ww�Ms���BX�µLWRM1#Mr�l.q.,% .. Date Signed: �������� �„ APPROVED AS TO LEGAL FORM: AARON LEAL, CITY ATTORNEY �, �� ,�..� ��� �`�,� ,�" w„ � ���" g .. �., BY: ,.�"�, w...°�"�. �..:�.� �� � � ACKNOWLEDGMENT �A`i �t',d,� STATE OF � § COUNT OF /�idjcc•,�Ic § This instrument was acknowledged before me Member of VOW 22l E Nickory, LLC, a Tea company„ Watt, ibility