HomeMy WebLinkAbout6513RESOLUTION NO. 6 513
A RESOLUTION APPROVING AN EXTENSION AGREEMENT
EXTENDING THE TERM OF THE LEASE AND OPERATING
AGREEMENT FOR THE AIRPORT RESTAURANT BETWEEN
THE CITY OF PUEBLO, A MUNICIPAL CORPORATION AND
I & W ENTERPRISES
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, THAT:
The Extension Agreement dated March 12, 1990 between Pueblo,
a Municipal Corporation and I & W Enterprises extending the Lease
and Operating Agreement for the Airport Restaurant for a period of
one year from May 31, 1990 to May 31, 1991, having been approved
as to form by the City Attorney, is hereby approved. The
President of the City Council is hereby authorized to execute the
Extension Agreement for and on behalf of the City and the City Clerk is
authorized and directed to affix the Seal of the City thereto and
attest same.
This Resolution shall become effective upon final passage.
INTRODUCED MARCH 12, 1990
BY JOHN CALIFANO
Councilman
APPROVED:
ATTEST:
z? Pr sident of the City Council
C y Clerk
EXTENSION AGREEMENT
Pueblo, A Municipal Corporation (the "Lessor ") and I & W
Enterprises (the "Lessee "), in consideration of the mutual
covenants herein contained agree as follows:
1. The term of the Pueblo Memorial Airport Restaurant
Lease and Operating Agreement dated March 1, 1984 and extended
to May 31, 1990 BETWEEN Lessor and Lessee (the "Lease ") is
hereby extended for an additional one year period, from May 31, 1990
to May 31, 1991.
2. All of the terms, conditions and covenants of the Lease
except as modified by this Extension Agreement shall remain in
full force and effect and be binding upon and inure to the benefit
of Lessor and Lessee, and their respective successors and approved
as assigns.
Executed at Pueblo, Colorado this 12th day of March, 1989.
ATTEST:
City Clerk
PUEBLO, A MUNICIPAL CORPORATION
BY
P esident of the City C uncil
APPROVED AS TO FOFUM:
-1 f
City Atto ey
I & W ENTERPRISES
BY 7
President
Council Agenda
Title LEASE AGREEMENT EXTENSION
Department: AVIATION
COUNCIL AGENDA FOR MARCH 12, 1990
ISSUE:
Date:
Agenda Item #
MARCH 6,
1990
RESOLUTION AND EXTENSION AGREEMENT
BETWEEN THE CITY 0 F PUEBLO AND
I & W ENTERPRISES
BACKGROUND: THE TERM OF THE AIRPORT RESTAURANT
LEASE AND OPERATING AGREEMENT DATED
MARCH 1, 1 984 TERMINATED MARCH 1, 1989
WITH THE IMPENDING EXPANSION OF THE
AIRPORT TERMINAL BUILDING IT WAS AGREED
TO EXTEND THE LEASE AGREEMENT FOR
FIFTEEN MONTHS TO MAY 31, 1990. THE
EXPANSION IS PROCEEDING HOWEVER, IT WILL
REQUIRE ANOTHER YEAR BEFORE THE NEW
RESTAURANT SPACE IS AVAILABLE FOR-
BIDDING, THEREFORE, AN ADDITIONAL ONE YEAR
EXTENSION IS PROPOSED.
RECOMMENDATION:
APPROVE THE ADDITIONAL. EXTENSION SO
THE RESTAURANT MAY CONTINUE IN OPERATION
UNTIL THE EXPANSION PROJECT IS COMPLETED.
P _1