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HomeMy WebLinkAbout12357 Background Paper for Proposed R ESOLUTION # M-6 AGENDA ITEM DATE: April 9, 2012 DEPARTMENT: DEPARTMENT OFAVIATION MARK LOVIN, DIRECTOR TITLE A RESOLUTION APPROVING A RENTAL CAR LEASE AND OPERATING AGREEMENT BETWEEN PUEBLO, A MUNICIPAL CORPORATION, AND THE HERTZ CORPORATION AND AUTHORIZING THE PRESIDENT OF CITY COUNCIL TO EXECUTE SAME ISSUE Should City Council approve a Lease Agreement between the City of Pueblo and the Hertz Corporation for Rental Car Operations at the Pueblo Memorial Airport. RECOMMENDATION Approval of this Resolution. BACKGROUND Since 2001, the City has been amending the original lease agreement which was entered into with the Hertz Corporation in 1999. This lease will replace the original 1999 lease. The lease is for a one-year period with an option for one additional year. FINANCIAL IMPACT The Hertz Corporation will pay 10% of their gross receipts per month and $10 per space per month for ten (10) parking spaces. Their rent will be $334.84 monthly ($4,018.08 annually). RESOLUTION NO. 12357 A RESOLUTION APPROVING A RENTAL CAR LEASE AND OPERATING AGREEMENT BETWEEN PUEBLO, A MUNICIPAL CORPORATION, AND THE HERTZ CORPORATION AND AUTHORIZING THE PRESIDENT OF CITY COUNCIL TO EXECUTE SAME BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. The Rental Car Lease and Operating Agreement, by and between the City of Pueblo, a Municipal Corporation, and the Hertz Corporation relating to rental car operations at the Pueblo Memorial Airport, a copy of which is attached hereto, having been approved as to form by the City Attorney, is hereby approved. SECTION 2. The President of City Council is hereby authorized to execute said 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: April 9, 2012 BY: Leroy Garcia COUNCIL PERSON