Jeriat

Recent drone dusk pics of the park

 

 

 

 

 

You just may have just given me a small idea...

 

I do believe they'll build a REAL library some time down the road. I just hope it's not 10 years away. 

 

Fort Worth Govt has done a good job at playing their cards close to the vest, being patient and taking advantage of things when they become available - see City Hall or A&M. I wonder if there is something they are waiting on with this. But also, I would not be surprised if there's just not appetite for a "flagship" style central library.

 

Given the 10-year term and options for extending that lease, I get the feeling there won't be a purpose-built library in downtown perhaps ever again. 

 

If that's the final case, then I'm disgusted in the decision. 

The area needs to find solution on parking

What's the problem?

 

Man, what a bummer....

 

Here's a little more from the M&C:

 

he City of Fort Worth (City) and Pescador Partners,LTD (Landlord) have been in discussions and are in agreement for the City to lease 5,015 square feet of space on the ground floor and 3,371 square feet of space in the basement located at 100 Main Street, 76102 located at the intersection of Main Street and Weatherford Street, across from the Tarrant County Courthouse for the new downtown library location. The City's Library Department, with assistance from the City's Property Management Department, have come to an agreement with Landlord on the following lease terms as follows: The terms are as follows: Term length of 123 months (3 months plus ten (10) years) with the estimated lease commencement date of October 1, 2023 and lease expiration date of December 31, 2033. Provide for two (2) five (5) year lease renewal options at the end of the primary lease term.

City will be responsible for the proportionate share of the building’s used electricity which will be a pass-through cost separate from the Rent for the Leased Premises which will be approximately $1.50 per square foot for the first year of the term. For every year thereafter throughout the term, electricity expenses will not exceed 15% of the per square foot amount from the prior year. If for any given year throughout the term the pass-through electricity expenses will exceed 15% of the prior year’s per square foot electricity cost, the parties may agree to amend the Lease to reflect the additional cost.

The Security Deposit due to Landlord by City at the beginning of the Lease will be one month's base rent from Year 1 amounts.

The base rent and utilities reflect below Fair Market Value for like properties in the Fort Worth Central Business District.

The Landlord has agreed to install a new entrance door from the street at the Landlord’s expense.

As a requirement by Landlord, City will be responsible for paying a proportionate share of the cost for the installation by Landlord of an elevator key pad system which will be utilized by each of the tenants in the building. The City's proportionate share of these costs will be an upfront amount of $5,000.00 to be paid at the beginning of the Lease.

Tenant improvements to the Leased Premises will be at the City's expense which are estimated to be approximately $130,000.00. City plans to utilize existing job order contracts for the finish out of the Leased Premises. Funding for the tenant improvements will be from the proceeds of the sale of the old downtown library which will be appropriated in a separate M&C.

As an additional requirement under the Lease, City will be responsible for providing security guard services for the Leased Premises during Library hours which will include making exterior passes around the building during that same time frame.

Funding will be budgeted in the Library Department's Other Contractual Services Account within the General Fund for Fiscal Year 2024.

 

https://fortworthgov...C6-BDD14E0D707B

 

Wow.

 

"...City to lease 5,015 square feet of space on the ground floor and 3,371 square feet of space in the basement."

 

"Term length of 123 months (3 months plus ten (10) years) with the estimated lease commencement date of October 1, 2023 and lease expiration date of December 31, 2033. Provide for two (2) five (5) year lease renewal options at the end of the primary lease term."

 

"Tenant improvements to the Leased Premises will be at the City's expense which are estimated to be approximately $130,000.00"

 

That's not much better than the situation they just left. 

I do believe they'll build a REAL library some time down the road. I just hope it's not 10 years away. 

It's looking like the new location will be the ground floor of 100 Main Place. Goes before City Council on Tuesday.

Star-Telegram, Here's where the new downtown Fort Worth library location could be

Albeit, I had thoughts of this same building (the ENTIRE building) being reshaped and added on to become the new central library, but:

It may be coincidental, but they're reading our stuff on this forum, for sure.