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HomeMy WebLinkAbout09994RESOLUTION NO. 9994 A RESOLUTION APPROVING AMENDMENT 3 TO A RENTAL CAR LEASE AND OPERATING AGREEMENT BETWEEN THE CITY OF PUEBLO, A MUNICIPAL CORPORATION, AND THE HERTZ CORPORATION, AND AUTHORIZING THE PRESIDENT OF CITY COUNCIL TO EXECUTE SAME WHEREAS, the City of Pueblo entered a Rental Car Lease and Operating Agreement with The Hertz Corporation on December 27, 1999; and WHEREAS, both parties wish to amend the Lease; now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. A certain Amendment 3 to the Rental Car Lease and Operating 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 The Hertz Corporation relating to rental car operations at the Pueblo Memorial Airport is hereby approved, subject to the conditions as set forth in said Amendment. SECTION 2. The President of City Council is hereby authorized to execute said Amendment 3 to the Lease and Operating Agreement on behalf of Pueblo, a Municipal Corporation, and the City Clerk shall affix the Seal of the City thereto and attest the same. INTRODUCED November 24, 2003 BY Al Gurule/Councilperson APPROVED: Bill Sova/President of City Council ATTEST: Gina Dutcher/City Clerk HOV. 4.2003 1Z:iGPM HERTZ CORPORATIOH 3033423935 H0.169 P.3 PUEBLO MEMORIAL AIRPORT RENTAL CAR LEASE AND OPERATING AGREEMENT AMENDMENT NO. 3 THIS AMENDMENT entered into as of this 24th day of November , 2003 between the City of Pueblo, a Municipal Corporation (the "Lessor") and The Hertz Corporation (the "Lessee"), WITNESSETH: WHEREAS, a Rental Car Lease and Operating Agreement between the Lessor and Lessee was entered rote on December 27, 1999 and amended on December 26, 2001 and December 23, 2002 extending the Agreement for an additional year ("Rental Car Lease and Operating Agreement"); and WHEREAS, the term of the Rental Car Lease and Operating Agreement is due to expire on December 31, 2003 and both Lessor and Lessee wish to extend the lease term for an additional year; NOW, TI-IEFEFORE, in consideration of the mutual covenants contained herein, Lessor and Lessee agree as follows: The term of the Rental Car Lease and Operating Agreement is hereby extended for a one-year period beginning January 1, 2004 and ending December 31, 2004 under the same terms and conditions, including the rental rate, 2. The Rental Car Lease and Operating Agreement as modified and amended by this Amendment No. 3 shall remain in full force and effect. Signed in Pueblo, Colorado, the day and year first written above. ATTEST: APPROVED AS TO FORM: Cit~ itt~----~ LESSOR: Bill Soya, President of City Coundl Tho Hertz Corporation /Richard ~. McEvily /~aff Vice~Pre~id~nt