HomeMy WebLinkAbout7781RESOLUTION NO. 7781
A RESOLUTION APPROVING ADDENDUM NO. 1 TO THE
AGREEMENT BETWEEN PUEBLO, A MUNICIPAL
CORPORATION AND AMERICAN STANDARD INC.
DATED SEPTEMBER 25, 1995 AND AUTHORIZING THE
PRESIDENT OF THE CITY COUNCIL TO EXECUTE SAME
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
Addendum No. 1 dated December 14, 1995 to the Agreement between Pueblo, a Municipal
Corporation and American Standard Inc. dated September 25, 1995, a copy of which is attached
hereto and incorporated herein, having been approved as to form by the City Attorney is hereby
approved. The President of the City Council is authorized to execute and deliver same in the name
of the City.
SECTION 2.
This Resolution shall become effective upon final passage.
INTRODUCED December 27, 1995
By Samuel Corsentino
Councilperson
; ST: AP VED:
City Clerk President of the City Council
ADDENDUM NO. 1
This Addendum entered into as of the 14th day of December, 1995 between Pueblo, a
Municipal Corporation (the "City ") and American Standard Inc. (the "Company ").
WHEREAS, Company and City entered into an Agreement dated September 25, 1995
relating to a job creating capital improvement project at Pueblo Memorial Airport, Pueblo
County, Colorado (the "Agreement "), and
WHEREAS, Company and City desire to amend the Agreement with respect to the
Closing defined in paragraph 3(a) of the Agreement.
NOW THEREFORE, in consideration of the foregoing and mutual covenants contained
herein, City and Company agree as follows:
1. Paragraph 5 of the Agreement is amended to read as follows:
If Closing does not occur on or before January 1, 1996, this Agreement
shall terminate and City and Company shall be released and discharged
from all obligations hereunder.
2. The Agreement as amended by paragraph 1 hereof shall remain in full force and
effect.
Executed the day and year first above written.
Pueblo, a unicipal Corporation
By Cjo��
President of the City Council
American Standar % d t Inc.
By
Tit Executive Vice P esi dent