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Ordinance No. 8,608990624 -2 •c� ►.► �• :.�: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS, AUTHORIZING AND DIRECTING THE CITY MANAGER TO EXECUTE AND THE CITY CLERK TO ATTEST TO THE FOURTH AMENDMENT TO THE GROUND LEASE BETWEEN EDMUNDSON INTERESTS, L.L.C., AND THE CITY OF BAYTOWN TO EXTEND THAT CONTINGENCY OF THE GROUND LEASE, WHICH IS BASED UPON THE COMMENCEMENT OF CONSTRUCTION OF THE HOTEL FACILITY; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. WHEREAS, on the 24`h day of September, 1998, the City Council of the City of Baytown, Texas ( "City "), through Ordinance No. 8404, authorized a ground lease with Edmundson Interests, L.L.C., ( "Edmundson ") for the development and operation of a hotel facility at Bayland Park (the "Ground Lease "); and WHEREAS, the Ground Lease contains two contingencies, the second of which is based upon the commencement of construction of a three- or four -story hotel facility with a swimming pool, restaurant, and health facility and bearing the name of a nationally- recognized hotel corporation at Bayland Park; and WHEREAS, such contingency provides that the Ground Lease will automatically expire on January 22, 1999, should Edmundson fail to commence construction of the hotel facility by such date; and WHEREAS, on January 27, 1999, the City Council extended such expiration date of the Ground Lease for an additional 90 -day period, which extension expired on April 22, 1999; and WHEREAS, on April 22, 1999, the City Council against extended such expiration date of the Ground Lease for an additional 60 day period, which extension expired on June 21, 1999; and WHEREAS, Edmundson has requested another extension to start construction of the hotel facility; and WHEREAS, both Edmundson and the City believe that an additional 66 -day extension to commence construction-is warranted and that the additional period of time appears to be in the best interest of the both parties; NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS: Section l: All matters and facts set forth in the recitals above are found to be true, and are approved as the findings of the City Council of the City of Baytown. C7 994624 -2a • Section 2: That the City Council of the City of Baytown, Texas, hereby authorizes and directs the City Manager of the City of Baytown to execute and the City Clerk to attest to the Fourth Amendment to the Ground Lease between Edmundson Interests, L.L.C., and the City of Baytown to extend that contingency of the Ground Lease for the start of construction of a hotel facility. A copy of said amendment is attached hereto, marked Exhibit "A," and made a part hereof for all intents and purposes. Section 3: This ordinance shall take effect immediately from and after its passage by the City Council of the City of Baytown. INTRODUCED, READ and PASSED by the affirmative vote of the City Council of the City of Baytown this the 24"' day of June, 1999. A TT8ST: City Clerk Deb hyrI40- Q`��rtn�er APPROVED AS TO FORM: IC,XIACIO RAMIREZ, W, City Attorney PETE C. ALFARO, Mayor ® c:klh1771council\ ordinances\ EdmundsonContingencybasedonConstruction062299 2 ® FOURTH AMENDMENT TO THE GROUND LEASE BY AND BETWEEN THE CITY OF BAYTOWN AND EDMUNDSON INTERESTS, L.L.C. STATE OF TEXAS § COUNTY OF HARRIS § This Fourth Amendment ( "Amendment ") to that certain "Ground Lease" between the City of Baytown and Edmundson Interests, L.L.C., dated the 24`h day of September, 1998, for the development and operation of a hotel facility at Bayland Park is made by and between the same parties on the date hereinafter last specified. WITNESSETH: WHEREAS, on the 24h day of September, 1998, the City Council of the City of Baytown, Texas ( "City" or "Lessor "), through Ordinance No. 8404, authorized a ground lease with Edmundson Interests, L.L.C., ( "Edmundson" or "Lessee ") for the development and operation of a hotel facility at Bayland Park (the "Ground Lease "); and WHEREAS, the Ground Lease contains two contingencies, the second of which is based upon the commencement of construction of a three- or four -story hotel facility with a swimming pool, restaurant, and health facility and bearing the name of a nationally- recognized hotel corporation at Bayland Park; and WHEREAS, such contingency provides that the Ground Lease will automatically expire on January 22, 1999, should Edmundson fail to commence construction of the hotel facility by such date; and WHEREAS, on January 27, 1999, the City Council extended such expiration date of the Ground Lease for an additional 90 -day period, which extension expired on April 22, 1999; and WHEREAS, on April 22, 1999, the City Council against extended such expiration date of the Ground Lease for an additional 60 day period, which extension expired on June 21, 1999; and WHEREAS, Edmundson has requested another extension to start construction of the hotel facility; and WHEREAS, both Edmundson and the City believe that an additional 66 -day extension to ® commence construction is warranted and that the additional period of time appears to be in the best interest of the both parties; Fourth Amendment to Ground Lease, Page 1 PHIBfT 'p ® NOW THEREFORE, for and in consideration of the mutual covenants and agreements herein contained, the parties hereto do hereby mutually agree as follows: • I. Unless a different meaning clearly appears from the context, words and phrases as used in this Amendment shall have the same meanings as in the Ground Lease. II. Second Recital of the Ground Lease is hereby amended to read as follows: Lessee's rights hereunder are contingent upon Lessee beginning, within three hundred forty-six (346) days following the Effective Date, construction of a three (3) or four (4) story hotel facility, which complies with all specifications and requirements set forth herein and is acceptable to Lessor. The hotel facility shall include a swimming pool, restaurant, and health facility, and shall bear the name and enjoy all the reservation and other services provided by a nationally - recognized hotel corporation. III. Article III "Term," Subsection C "Contingency based on Management Agreement" of the Ground Lease is hereby amended to read as follows: D. Contingency based on Approvals and Start of Construction. Subject to the earlier expiration of this Lease in accordance with Article III.C, Lessee shall have the right, from and after the Effective Date until the expiration of three hundred forty-six (346) days after the Effective Date to conduct, at Lessee's sole expense, such inspections, analyses, studies, and tests of the Premises; to make application for such licenses, permits, and approvals as Lessee may deem, in Lessee's reasonable opinion, necessary or desirable in connection with the development of the Project Improvements (hereinafter defined); and to begin construction of a hotel facility permitted hereby. The date upon which this contingency is satisfied is herein called the "Commencement Date." LESSEE HEREBY AGREES TO INDEMNIFY, DEFEND, AND HOLD HARMLESS LESSOR, ITS OFFICERS, AGENTS, AND EMPLOYEES FROM AND AGAINST ANY AND ALL LOSSES, DAMAGES, CLAIMS, REMEDIES, DEFENSES, DEMANDS, SUITS, CAUSES OF ACTION, LIABILITIES, COSTS AND EXPENSES, OF WHATEVER KIND OR CHARACTER, FOR INJURIES, DEATHS, OR DAMAGES ARISING OUT OF OR IN ANY WAY RELATED TO THE EXAMINATION OF THE Fourth Amendment to Ground Lease, Page 2 0 PREMISES BY LESSEE, ITS OFFICERS, AGENTS AND /OR EMPLOYEES, OR SUCH INJURIES, DEATHS OR DAMAGES ARE CAUSED BY THE JOINT NEGLIGENCE OF LESSOR, ITS OFFICERS, AGENTS, AND /OR EMPLOYEES AND LESSEE, ITS SUBTENANTS, ASSIGNEES, OFFICERS, AGENTS, EMPLOYEES, CONTRACTORS, GUESTS, AND /OR INVITEES AND /OR BY THE JOINT OR SOLE NEGLIGENCE OF LESSEE, ITS SUBTENANTS, ASSIGNEES, OFFICERS, AGENTS, EMPLOYEES, CONTRACTORS, GUESTS, AND /OR INVITEES. IT IS THE EXPRESS INTENTION OF THE PARTIES HERETO, BOTH LESSOR AND LESSEE, THAT THE INDEMNITY PROVIDED FOR IN THIS PARAGRAPH IS AN INDEMNITY BY LESSEE TO INDEMNIFY, PROTECT AND DEFEND LESSOR, ITS OFFICERS, AGENTS, AND EMPLOYEES, FROM (I) THE CONSEQUENCES OF THE NEGLIGENCE OF LESSOR, ITS OFFICERS, AGENTS, AND EMPLOYEES, WHERE THAT NEGLIGENCE IS A CONCURRING CAUSE WITH THAT OF THE LESSEE, ITS SUBTENANTS, ASSIGNEES, OFFICERS, AGENTS, EMPLOYEES, CONTRACTORS, GUESTS, AND /OR INVITEES, OF THE INJURY, DEATH OR DAMAGE AND /OR (II) THE CONSEQUENCES OF THE LESSEE'S, INCLUDING ITS SUBTENANTS', ASSIGNEES', OFFICERS', AGENTS', EMPLOYEES', CONTRACTORS', GUESTS', AND /OR INVITEES', JOINT AND SOLE NEGLIGENCE. FURTHERMORE, THE INDEMNITY PROVIDED FOR IN THIS PARAGRAPH SHALL HAVE NO APPLICATION TO ANY CLAIMS, DAMAGES, CAUSES OF ACTION, SUITS, OR LIABILITY WHERE THE INJURY, DEATH, OR DAMAGE RESULTS FROM THE SOLE NEGLIGENCE OF LESSOR. IN THE EVENT THAT ANY ACTION OR PROCEEDING IS BROUGHT AGAINST THE CITY BY REASON OF ANY OF THE ABOVE, LESSEE FURTHER AGREES AND COVENANTS TO DEFEND THE ACTION OR PROCEEDING BY LEGAL COUNSEL ACCEPTABLE TO THE CITY. Notwithstanding any provision of this Lease to the contrary, Lessee shall have the right and option to terminate this Lease with the exception of the indemnity provision enumerated hereinabove, which indemnity shall not expire, at anytime prior to the Commencement Date by providing written notice of such election to Lessor whereupon this Lease shall terminate and be of no further force or effect. In the event Lessee has not started construction within thee hundred forty-six (346) days following the Effective Date, this Lease with the exception of the indemnity provision enumerated hereinabove, which indemnity shall not expire, shall automatically terminate and be of no further force or effect. However, should Lessee desire an extension of time, Lessee must request such an extension in writing at least twenty -one (21) days prior to the expiration of the two hundred seventy (270) day period. The written request must state the reason the extension is needed as well as Fourth Amendment to Ground Lease, Page 3 the amount of time Lessee reasonably believes is necessary in order to commence construction and to secure and provide to Lessor an agreement with a nationally - recognized hotel operator ("Hotel Operator") satisfactory to Lessor in form and substance satisfactory to Lessee and in compliance herewith, and final approval of the project plans therefor as set forth below. Upon receipt of the extension request, Lessor in its sole discretion may grant an extension for any amount of time it believes is in the best interest of Lessor. IV. The parties hereby expressly agree that the Facility Management Agreement entered into and effective on the 22nd day of October, 1998, shall not terminate based upon the expiration of the Ground Lease on or before the date hereof, caused by Lessee's failure to satisfy the contingency of the Ground Lease requiring the commencement of construction of the hotel facility by such date. Rather, said Facility Management Agreement shall continue in full force and effect, unless and until terminated by the Lessor in accordance with the terms therein. V. The provisions of this Amendment and the provisions of the Ground Lease should be read together and construed as one agreement provided that, in the event of any conflict or inconsistency between the provisions of this Amendment and the provisions of the Ground Lease, the provisions of this Amendment shall control. IN WITNESS WHEREOF, the parties hereto have executed this Amendment in multiple copies, each of which shall be deemed to be an original, but all of which shall constitute but one and the same amendment, this 22nd day of June, 1999. CITY OF BAYTOWN, TEXAS Monte Mercer, City Manager ATTEST: Eileen P. Hall, City Clerk APPROVED AS TO FORM: acio Ramirez, Sr., City Fourth Amendment to Ground Lease, Page 4 EDMUNDSON INTERESTS, L.L.C. 777' William L. Edmunrson, III, President STATE OF TEXAS § COUNTY OF HARRIS § Before me, / 6/41e) , the undersigned notary public, on this day personally appeared William L. Edmundson, III, in his capacity as President of Edmundson Interests, L.L.C., on behalf of such corporation, (✓ one) Xnown to me; proved to me on the oath of proved to me through his current {description of identification card or other document issued by the federal government or any state government that contains the photograph and signature of the acknowledging person) ; or to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed that instrument for the purposes and consideration therein expressed. file Given under my hand and seal of office this q day of-J19 LOU ANN WADE Notary Public, State of Texas My Commission Expires MARCH 19, 2000 o . ry Pub i in and for the State of Texas My commission expires: c:k1h 177\Contracts\Edmundsonlnterests\GoundLease\ThirdAmendment2GroundLease2ExtendContingency062299 Fourth Amendment to Ground Lease, Page 5