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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�✓ u`� -2-