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HomeMy WebLinkAbout09193RESOLUTION NO. 9193 A RESOLUTION CONSENTING TO THE ASSIGNMENT OF FLYING WINDS, INC. HANGAR LEASE TO TRAVELAIRE SERVICE, INC. WHEREAS, Flying Winds, Inc., as Lessee and the City of Pueblo, as Lessor entered into the Pueblo Memorial Airport Lease Agreement dated September 22, 1980 with respect to certain land upon which the Lessee constructed a private aircraft hangar (the "Hangar Lease "), and WHEREAS, Flying Winds, Inc. desires to assign the Hangar Lease to Travelaire Services, Inc., and WHEREAS, any such assignment of the Hangar Lease requires the consent of the City of Pueblo, NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. The City of Pueblo does hereby consent to the assignment of the Hangar Lease to Travelaire Services, Inc. as described in, and contemplated by the Assignment And Assumption Agreement dated November 15, 2000, a copy of which is attached hereto, subject to and contingent upon Travelaire Services, Inc. and Rocky DeVencenty, individually, assuming and performing all of the obligations imposed on the Lessee under the Hangar Lease through the extended term of the Hangar Lease from September 22, 2000 through September 22, 2010. ATTEST: z 114 L 1 510 1 01 —% �sl- I INTRODUCED January 8 , 2001 BY Corinne Koehler Councilperson APP of the City Council ASSIGNMENT AND ASSUMPTION AGREEMENT COMES NOW the undersigned and hereby acknowledges having received a copy of the Pueblo Memorial Airport Lease Agreement of September 22, 1980 between Flying Winds, Inc. as Lessee and the City of Pueblo as Lessor, together with a copy of Tom Jagger's letter of October 6, 2000 addressed to Donald J. Banner. The undersigned Travelaire Services, Inc. and Rocky DeVencenty, individually, do hereby agree to assume and perform all of the obligations imposed on Lessee under the September 22, 1980 Lease Agreement through the extended term of the Lease Agreement from September 22, 2000 through September 22, 2010. Subject to the consent of the City of Pueblo, Flying Winds, Inc. does hereby assign all of its right, title, and interest in and to said Lease Agreement and the extended term to Travelaire Service, Inc. The undersigned does hereby indemnify and agree to hold Flying Winds, Inc. harmless for any loss or damage which it may suffer as a result of the undersigned's failure to comply with the terms and conditions of the Lease Agreement of September 22, 1980 as extended. DATED this 15th day of November, 2000 nunc pro tunc to September 22, 2000. TRAVELAIRE SERVICE, INC. Un ra-1 Rocky DeVencenty, Individually Y Iv1✓ahlon T. White, President l:l whits lmuhlonlflyiagwi%&"tkmption.ag r