HomeMy WebLinkAbout7036RESOLUTION NO. 7036
A RESOLUTION APPROVING A LEASE ADDENDUM
BETWEEN PUEBLO, A MUNICIPAL CORPORATION AND
TIMOTHY A. CARDUCCI AND AUTHORIZING THE
PRESIDENT OF THE CITY COUNCIL TO EXECUTE
SAME
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
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The Lease Addendum dated December 14, 1992 between Pueblo, a
Municipal Corporation and Timothy A. Carducci relating to the
Pueblo Municipal Airport Restaurant, a copy of which is attached
hereto, having been approved by the City Attorney as to form, is
hereby approved. The President of the City Council is authorized
to execute the Lease Addendum in the name of the City and the City
Clerk is directed to affix the seal of the City thereto and attest
same.
ATTEST:
INTRODUCED: December 14, 1992
By JOHN CALIFANO
Councilperson
APPROVED:
Ci y Clerk Pres' ent of the City Council
LEASE ADDENDUM
THIS LEASE ADDENDUM entered into the 14th day of December, 1992
between Pueblo, a Municipal Corporation (the "Lessor ") and Timothy
A. Carducci (the "Lessee "), WITNESSETH:
WHEREAS, Lessor and Lessee entered into a Lease and Operating
Agreement for the Pueblo Memorial Airport Restaurant dated June 1,
1991 (the "Lease ") and
WHEREAS, Lessor and Lessee are desirous of amending the Lease.
NOW, THEREFORE, in consideration of the mutual covenants herein
contained, Lessor and Lessee agree as follows:
1. The Lease shall terminate January 31, 1993 and upon termi-
nation Lessee shall surrender and deliver possession of the Leased
Premises to Lessor. All liquor licenses issued to Lessee for the
Leased Premises shall remain with the Leased Premises, and Lessee
upon termination of the Lease will transfer to City or its designee
all Lessor's interest in such liquor licenses.
2. Past rent accrued to November 1, 1992 in the amount of
$16,303.00 shall be reduced by thirty -five (35) percent to
$10,596.00 in order to reflect reduction of enplaned passengers at
Pueblo Memorial Airport. Lessee, upon execution of this Lease
Addendum, will execute and deliver to City his Promissory Note
attached hereto as Exhibit "A" in the principal sum of $10,596.00
payable without interest in 12 equal monthly installments of $883.00
commencing January 31, 1993.
3. No rent shall be paid by Lessee for the months of November
and December 1992 and January 1993.
4. The Lease as amended by this Lease Addendum shall remain
in full force and effect.
Signed at Pueblo, Colorado the day and year first above written.
LESSEE
Timothy A. Card ci
LESSOR
PUEBLO, A MUNICIPAL CORPORATION
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Pres' dent of the City Council
ATTEST: 4 " ; ",
Cit Y Clerk
APPROVED AS TO FORM:
City Attor