HomeMy WebLinkAbout09019RESOLUTION NO._ 9Q19 _
A RESOLUTION TERMINATING THE HANGAR GROUND LEASE AGREEMENT
BETWEEN THE CITY OF PUEBLO, A MUNICIPAL CORPORATION, AND KEITH
TUPPER FOR LOT NO. 7 IN THE GENERAL AVIATION HANGAR DEVELOPMENT
AREA, AND AUTHORIZING THE PRESIDENT OF CITY COUNCIL TO EXECUTE
SAME,
WHEREAS, the City of Pueblo, a Municipal Corporation, and Keith Tupper entered into
a Hangar Ground Lease on the 10th of November 1997, for Lot No. 7 in the General Aviation
Hangar Development area; and
WHEREAS, both parties wish to terminate this Lease Agreement; and
NOW, THEREFORE, be it resolved by the City Council of Pueblo, Colorado, that:
SECTION 1
A certain Lease Agreement, by and between the City of Pueblo, a Municipal Corporation, and
Keith Tupper for Lot No. 7 in the General Aviation Hangar Development area at Pueblo
Memorial Airport is hereby terminated.
SECTION 2
The President of the City Council is hereby authorized to execute the termination of said Lease
Agreement on behalf of the City of Pueblo, a Municipal Corporation, and the City Clerk shall
affix the Seal of the City thereto and attest the same.
Introduced Ma r- 22,__2001 -
By - A1_ Gur_ule
Councilperson
ATTEST:
City Ie rk
APP VED:
Tu r
resident of City Council
Council Agenda
LEASE AGREEMENT TERMINATION BETWEEN
TITLE: CITY OF PUEBLO & KEITH TUPPER FOR HANGAR AGENDA ITEM #
LOT No. 7
DEPARTMENT: PUEBLO MEMORIAL AIRPORT DATE: MAY 22, 2000
ISSUE
Should the City Council approve a Resolution to terminate the Hangar Ground Lease
Agreement between the City of Pueblo and Keith Tupper for Lot No. 7 in the General
Aviation Hangar Development Area.
RECOMMENDATION
Approval of this Resolution.
BACKGROUND
On November 10, 1997, City Council approved a Hangar Ground Lease Agreement
between the City and Keith Tupper for Lot No. 7 in the General Aviation Hangar
Development Area under Resolution No. 8263. Mr. Tupper has asked that the lease be
terminated. At this time, there is no building on the property.
FINANCIAL IMPACT
The initial lease amount was $490.00 annually. The combined service fee was $66.94 per
year based on $297.50 per acre annually.
LEASE TERMINATION
This Lease Termination entered into as of May 23, 2000 between Pueblo, a municipal
corporation (the "Lessor ") and Keith Tupper (the "Lessee ").
In consideration of the mutual covenants contained herein and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, Lessor and Lessee agree
as follows:
The Hangar Ground Lease dated November 10, 1997 between Lessor and Lessee for
Lot 7 in the General Aviation Hangar Development Area at Pueblo Memorial Airport
is terminated and cancelled effective May 23, 2000 , and Lessor and Lessee
are released and discharged from all obligations thereunder.
2. This Lease Termination shall inure to the benefit and be binding upon Lessor and
Lessee and their respective heirs, personal representatives, successors and assigns.
Signed at Pueblo, Colorado as the day and year first above written.
LESSEE
[ c�R� J
Keith Tupper
LESSOR
Pueblo, a unicipal Corporation
B
resident of the City Council
ATTEST
City C
k