HomeMy WebLinkAbout4519RESOLUTION NO. 4519
A RESOLUTION APPROVING A LEASE AGREEMENT
BETWEEN THE CITY OF PUEBLO, A MUNICIPAL
CORPORATION, AND LAMAR OUTDOOR ADVERTISING
COMPANY RELATING TO AN ADVERTISING SIGN
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PUEBLO,
COLORADO, that:
SECTION 1.
The Lease Agreement For Advertising Sign dated February 11,
1980, between the City of Pueblo, A Municipal Corporation, and
Lamar Outdoor Advertising Company relating to an advertising sign,
having been approved by the City Attorney, is hereby approved.
SECTION 2.
The President of the City Council is hereby authorized and
directed to execute said Lease Agreement for and on behalf of
the City of Pueblo and the City Clerk is directed and authorized
to attest same and affix the seal of the City thereto.
INTRODUCED February 11 , 1980.
By MIKE OCCHIATO
Councilman
APPROVED:
6 4,1 /t" f
Pr sident of the Council
ATTEST:
City�lek
LEASE AGREEMENT FOR ADVERTISING SIGN
THIS LEASE AGREEMENT made and entered into by and between
the CITY OF PUEBLO, Pueblo, Colorado, a Municipal Corporation, as
Lessor (hereinafter referred to as "City "), and LAMAR OUTDOOR
ADVERTISING COMPANY, as Lessee (hereinafter referred to as "Lamar "),
this 11th day of February, 1980.
The City hereby leases to Lamar that portion of its property
located at the Belmont Bridge on the north side of Highway 50
which is east of the river, on which site an advertising sign
owned and maintained by Lamar presently stands, situated in the
City of Pueblo, Pueblo County, Colorado, with the right of access
to and egress from such structure by Lamar's employees and
vehicles over other lands owned by the City, for a term of one (1)
year from the first day of January, 1980, at an annual rental of
Five Hundred Dollars ($500.00), payable in advance, in annual
installments.
Should any of the rent not be paid for a period of thirty
(30) days after it becomes due, or if any of the agreements to be
performed by Lamar shall not be performed within thirty (30) days
after such performance was due, the City has the right, without
notice, to terminate this lease.
After the initial one year term of this lease, this lease
shall be renewed annually for additional one year terms unless
either the City or Lamar shall elect not to renew this lease by
giving sixty (60) days prior written notice to the other party.
Notice shall be deemed to have been given upon the date of mailing
of same, first class mail, to
(a) If City, 1 City Hall Place, Pueblo, Colorado 81003;
(b) If Lamar, William H. Kirkman, Jr., 3 S. Tejon St. -
Suite 200, Colorado Springs, Colorado 80903,
or such other address as either party may in writing direct.
The City agrees that all material, structures, equipment
and other works placed upon the leased premises shall remain
the personal property of Lamar and may be removed by Lamar at
any time from time to time.
Lamar agrees to indemnify and hold harmless the City from
all personal injury and damage to third parties or their property,
caused by the installation, maintenance or taking down of such
advertising structure or displays during the term of this lease
and from any claim of violation of any federal or state statute,
rule or regulation including penalties and reasonable attorney
fees incurred by the City in defending against same, and to
repair any damage to the leased premises resulting from the
installation, maintenance or dismantling of such advertising
structures or displays.
Lamar agrees to maintain in full force and effect adequate
insurance to protect the City and to indemnify the City for any
injury or damage to third parties resulting from the use or
maintenance of the sign.
IN WITNESS WHEREOF, the parties have executed this lease
in the City of Pueblo below.
ATTEST:
Cit
Approved as to form:
THE CITY OF PUEBLO,
Pueblo, Colorado
By N
P e ident of the Council
City Atto hey'`
LAMAR OUTDOOR ADVERTISING COMPANY
By .� r�Cif,�r�✓
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