HomeMy WebLinkAbout09549RESOLUTION NO. 9s49
A RESOLUTION APPROVING AN AMENDMENT TO THE
CREDIT CARD SELF SERVE FUELING OPERATION
GROUND LEASE AGREEMENT BETWEEN THE CITY OF
PUEBLO, A MUNICIPAL CORPORATION, AND AIRPORT
PROPERTIES, INC., A TEXAS CORPORATION, AND
AUTHORIZING THE PRESIDENT OF CITY COUNCIL TO
EXECUTE SAME
WHEREAS, the City of Pueblo, A Municipal Corporation, and Airport Properties, Inc., a
Texas Corporation, entered into a Credit Card Self Serve Fueling Operation Ground Lease
Agreement on February 25, 2002, and
WHEREAS, both parties wish to amend the provisions of the Lease, now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
A certain Amendment to the Credit Card Self Serve Fueling Operation Ground Lease
Agreement, a copy of which is attached hereto and made a part hereof by reference, after having
been approved as to form by the City Attorney, by and between the City of Pueblo, a Municipal
Corporation, and Airport Properties, Inc., a Texas Corporation, relating to the lease of ground at
the Airport, is hereby approved, subject to the conditions as set forth in said Amendment.
SECTION 2.
The President of the City Council is hereby authorized to execute said Amendment 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: March 25.2002
BY: Patrick Avalos
CO CIL PERSON
APPROVED:
PRESIDENT OF CITY COUNCIL
ATTESTED BY: o-
Y CLERK
11
Background Paper for Proposed
RESOLUTION
AGENDA ITEM # t5
DATE: March 18, 2002
DEPARTMENT: AVIATION -JOHN O'NEAL
TITLE
A RESOLUTION APPROVING AN AMENDMENT TO THE CREDIT CARD SELF
SERVE FUELING OPERATION GROUND LEASE AGREEMENT BETWEEN THE
CITY OF PUEBLO, A MUNICIPAL CORPORATION, AND AIRPORT PROPERTIES,
INC., A TEXAS CORPORATION, AND AUTHORIZING THE PRESIDENT OF CITY
COUNCIL TO EXECUTE SAME
ISSUE
Should City Council approve an Amendment to the Credit Card Self Serve Fueling
Operation Ground Lease Agreement between the City of Pueblo and Airport Properties,
Inc.?
RECOMMENDATION
Approval of this Resolution.
BACKGROUND
City Council approved a Credit Card Self Serve Fueling Operation Ground Lease
between the City and Airport Properties on February 25, 2002 under Resolution No.
9536. The commencement date of the Lease is January 1, 2002. Since the approval did
not occur until after the commencement date, Airport Properties has requested that the
commencement date be changed due to the time constraints for improvements that are in
the lease. Therefore, this Amendment will change the commencement date to February
26, 2002 and ending date to February 25, 2022.
FINANCIAL IMPACT
None.
AMENDMENT TO CREDIT CARD SELF SERVE
FUELING OPERATION GROUND LEASE
THIS AMENDMENT entered into this 25th d o f March , 2002 A.D. between the City of Pueblo, a
municipal corporation (the "Lessor"), and Airport Properties, Inc., a Texas Corporation (the "Lessee "),
WITNESSETH:
WHEREAS, Lessor and Lessee entered into a Credit Card Self Serve Fueling Operation Ground Lease dated
February 25, 2002 relating to the lease of a tract of ground on Airport property for the purpose of
constructing and occupying a credit card self service fueling system and improvements,
WHEREAS, Lessor and Lessee are desirous of modifying the provisions of the Lease,
NOW THEREFORE, in consideration of the mutual covenants contained herein, Lessor and Lessee agree
as follows:
1. Section 2A of the Agreement is amended to read as follows:
The initial term on this Lease is for a period of ten (10) years commencing FebnL41y 26. 2002
( "commencement date ") and ending February 25.2012 unless sooner terminated or extended as
herein provided.
2. The Agreement as modified and amended by this Amendment to the Credit Card Self Serve Fueling
Operation Ground Lease shall remain in full force and effect.
Signed in Pueblo, Colorado the day and year first above written.
CITY OF PUfEBLO,
A Municipal Corporation
By
Title: President of City Council
Attest:
City C1
LESSEE
AIRPORT PROPERTIES, INC.
B Y �- /W/ / 4-0 r
14446sident, Jack H. Cox
Approved as to form:
City Alto