HomeMy WebLinkAbout6116RESOLUTION NO. 6116
A RESOLUTION TERMINATING THE LEASE BETWEEN
THE CITY OF PUEBLO AND E. L. FARMER & COMPANY
RELATING TO LAND AT THE PUEBLO MEMORIAL
AIRPORT
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, COLORADO, that:
SECTI 1.
The City of Pueblo and E. L. Farmer & Company entered into a
Lease dated May 1, 1977 for certain land at the Pueblo Memorial
Airport (herein "Lease "). The Lease was modified by Addendums
dated September 14, 1981 and February 23, 1987. The Second Lease
Addendum dated February 23, 1987 extended the Lease for 5 years
from April 30, 1987 to April 30, 1992 and provides in paragraph
3.00 thereof:
On any monthly rental payment date during the five year
extended term of the Lease, either party may terminate
the extended term of the Lease upon giving the other
party 12 months' written notice.
SECTION 2.
The City Council does hereby exercise it's right to terminate
the Lease pursuant to paragraph 3.00 of the Second Lease Addendum.
The City Manager of the City is hereby authorized and directed for
and on behalf of the City, to give written notice of termination
of the Lease to E. L. Farmer & Company pursuant to said paragraph
3.00 of the Second Lease Addendum.
SECTION 3
This Resolution shall become effective upon final passage.
INTRODUCED: November 23, 1987
By PAUL JONES
Councilman
ATTEST: APPROVED;
C' y erk Vice -Pr sident of the City Council