HomeMy WebLinkAbout11498RESOLUTION NO. 11498
A RESOLUTION APPROVING AMENDMENT NO. 1 TO
THE MAY 22, 2006 AGREEMENT BETWEEN PUEBLO, A
MUNICIPAL CORPORATION AND DOSS AVIATION, INC.
RELATING TO A JOB CREATING CAPITAL
IMPROVEMENT PROJECT AND THE EMPLOYMENT
COMMITMENT DATE AND AUTHORIZING THE
PRESIDENT OF THE CITY COUNCIL TO EXECUTE SAME
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1
Amendment No. 1 to the May 22, 2006 Agreement between the City of Pueblo
and Doss Aviation, Inc., a copy of which is attached hereto, having been approved as to
form by the City Attorney, is hereby approved. The President of the City Council is
authorized to execute Amendment No. 1 in the name of the City and the City Clerk is
directed to affix the seal of the City thereto and attest same.
RFr.T1nIV 9
This Resolution shall become effective upon final approval and passage.
INTRODUCED: December 22. 2008
BY: Randy Thurston
Councilperson
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Background Paper for Proposed
RESOLUTION
AGENDA ITEM # 23
DATE: December 22, 2008
DEPARTMENT: Law Department
1111111111144
A RESOLUTION APPROVING AMENDMENT NO. 1 TO THE MAY 22, 2006
AGREEMENT BETWEEN PUEBLO, A MUNICIPAL CORPORATION AND DOSS
AVIATION, INC. RELATING TO A JOB CREATING CAPITAL IMPROVEMENT
PROJECT AND THE EMPLOYMENT COMMITMENT DATE AND AUTHORIZING THE
PRESIDENT OF THE CITY COUNCIL TO EXECUTE SAME
ISSUE
Should City Council approve Amendment No. 1?
RECOMMENDATION
PEDCO recommends approval.
BACKGROUND
The employment commitment date set forth in the May 22, 2006 agreement between
the City and Doss Aviation, Inc. ( "Company ") will be extended one year to April 1, 2009,
which will postpone the start of Company's employment commitment of 121 full -time
employees and its 7 -year repayment period for one year.
FINANCIAL IMPACT
See Background.
AMENDMENT NO. 1
THIS AMENDMENT NO. 1 ( "Amendment') is executed as of December 22, 2008, by and
between Pueblo, a Municipal Corporation ( "City ") and Doss aviation, Inc., a Texas corporation
( "Company "), WITNESSETH:
WHEREAS, City and Company entered into an Agreement dated May 22, 2006 relating to
a job creating capital improvement project ( "Agreement'), and
WHEREAS, Company has requested City to extend the Employment Commitment Date as
defined in the Agreement.
NOW, THEREFORE, in consideration of the foregoing and mutual covenants contained
herein, City and Company agree as follows:
1. The Employment Commitment Date as defined in paragraph 1 of the Agreement is
modified and amended to read as follows:
"Employment Commitment Date" means April 1, 2009.
2. The Agreement as modified in paragraph 1 hereof shall remain in full force and effect,
inuring to the benefit of and binding upon City and Company and their successors and approved
assigns.
Executed at Pueblo, Colorado, the day and year first above written.
DOSS AVIATION, INC.
By
Name: krAst.. S 5o..k , T.
Title: a-ea.ICC6
PUEBLO, A MUNICIPAL CORPORATION
B
President of the City Council
Attest:
City O#k
Attest:
By
Name: Dav ;a/ h. Att
Approved as to form:
City Attorney�
Title: V. Pes / GUx--�>