Flatiron Dragados - SUMMARY
AGENDA ITEM NO. 13.c
PORT OF CORPUS CHRISTI AUTHORITY LEASE SUMMARY Lessee:
Flatiron/Dragados USA 2711 Centerville, Road, Suite 400 Wilmington, Delaware 19808
Leased Premises:
South Leased Premises: 1.30 Acres, more or less, fronting on the Corpus Christi Turning Basin together. Lessee to install and maintain all necessary fencing and gates to maintain PCCA secured perimeter and FTZ compliance. Access gates allowed to be constructed on the east side and the west side of the lease premises. West gate is the primary entrance/exit point and the one to be used for shift change traffic. No construction equipment to enter through the east gate due to proximity to Solomon Ortiz Center. East gate limited to light duty Pickup trucks without trailers and passenger vehicles only and no shift change traffic. North Leased Premises: 1.46 Acres, more or less, parking and storage area at the former cold storage warehouse fronting on Cargo Dock 10. Ingress and Egress limited to the right of way strip Grantee to coordinate crane movements and rail road operations within the Port Coordination Area shown on the drawing. Lessee’s operations shall not interfere with PCCA’s use of Cargo Dock 9 or PCCA’s cargo transfers from Cargo Dock 9 and the shed behind Cargo Dock 9 to and from, Ave. F. and the Northside Open Storage Areas (West and East). Lessee to install and maintain all necessary fencing and gates to maintain PCCA secured perimeter and FTZ compliance.
Use:
The Leased Premises shall be used for the following: (1) The placement of temporary office buildings and employee parking areas; (2) Receiving, storing and handling of materials including cement, gravel and materials used in the blending of concrete; and (3) Installation and operation of cranes and other heavy industrial equipment to be used in connection with the construction of the new Hwy 181 Bridge over the Corpus Christi Ship Channel.
Term:
Four (4) year primary term
Options:
Two (2) extension periods of one (1) year each.
Start Date:
August 17, 2016
AGENDA ITEM NO. 13.c
Annual Rent:
During the primary term - $82,800 per year, payable in monthly installments of Seven Thousand One Hundred Fifty and no/100 Dollars ($6,900.00) (based on Equalization Value of $300,000 per acre and 10% yield)
Remarks:
Partial Early Termination: In the event FD is no longer using any portion of the Leased Premises prior to the expiration of the Lease Term, upon written request by the Authority FD will surrender the unused area to the Authority and the base rent will be adjusted proportionately for any such portion of the Leased Premises surrendered. Timeline Commitments: FD will apply for all regulatory and construction permits within sixty (60) days of the Effective Date of the Lease Agreement. All regulatory and construction permits shall be obtained within one hundred eighty (180) days of the Effective Date of the Lease Agreement
PORT OF CORPUS CHRISTI AUTHORITY LEASE SUMMARY Lessee:
Flatiron/Dragados USA 2711 Centerville, Road, Suite 400 Wilmington, Delaware 19808
Leased Premises:
South Leased Premises: 1.30 Acres, more or less, fronting on the Corpus Christi Turning Basin together. Lessee to install and maintain all necessary fencing and gates to maintain PCCA secured perimeter and FTZ compliance. Access gates allowed to be constructed on the east side and the west side of the lease premises. West gate is the primary entrance/exit point and the one to be used for shift change traffic. No construction equipment to enter through the east gate due to proximity to Solomon Ortiz Center. East gate limited to light duty Pickup trucks without trailers and passenger vehicles only and no shift change traffic. North Leased Premises: 1.46 Acres, more or less, parking and storage area at the former cold storage warehouse fronting on Cargo Dock 10. Ingress and Egress limited to the right of way strip Grantee to coordinate crane movements and rail road operations within the Port Coordination Area shown on the drawing. Lessee’s operations shall not interfere with PCCA’s use of Cargo Dock 9 or PCCA’s cargo transfers from Cargo Dock 9 and the shed behind Cargo Dock 9 to and from, Ave. F. and the Northside Open Storage Areas (West and East). Lessee to install and maintain all necessary fencing and gates to maintain PCCA secured perimeter and FTZ compliance.
Use:
The Leased Premises shall be used for the following: (1) The placement of temporary office buildings and employee parking areas; (2) Receiving, storing and handling of materials including cement, gravel and materials used in the blending of concrete; and (3) Installation and operation of cranes and other heavy industrial equipment to be used in connection with the construction of the new Hwy 181 Bridge over the Corpus Christi Ship Channel.
Term:
Four (4) year primary term
Options:
Two (2) extension periods of one (1) year each.
Start Date:
August 17, 2016
AGENDA ITEM NO. 13.c
Annual Rent:
During the primary term - $82,800 per year, payable in monthly installments of Seven Thousand One Hundred Fifty and no/100 Dollars ($6,900.00) (based on Equalization Value of $300,000 per acre and 10% yield)
Remarks:
Partial Early Termination: In the event FD is no longer using any portion of the Leased Premises prior to the expiration of the Lease Term, upon written request by the Authority FD will surrender the unused area to the Authority and the base rent will be adjusted proportionately for any such portion of the Leased Premises surrendered. Timeline Commitments: FD will apply for all regulatory and construction permits within sixty (60) days of the Effective Date of the Lease Agreement. All regulatory and construction permits shall be obtained within one hundred eighty (180) days of the Effective Date of the Lease Agreement
