HomeMy WebLinkAbout7268RESOLUTION NO. 7268
• RESOLUTION APPROVING LEASE ADDENDUM #1 BETWEEN PUEBLO,
• MUNICIPAL CORPORATION, AND AVIS RENT A CAR SYSTEM, INC.,
AND AUTHORIZING THE PRESIDENT OF THE CITY COUNCIL TO
EXECUTE SAME
Be it resolved by the City Council of Pueblo, Colorado, that:
SECTION 1
The Lease Addendum dated December 13th, 1993 between the City of Pueblo, a
Municipal Corporation, and Avis Rent A Car System, Inc., relating to the rental of
counter space at the Pueblo Memorial Airport, 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 hereby 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.
INTRODUCED December 13, 199
By JOYCE LAWRENCE
Councilperson
ATTEST:
F �ffyC .,u ,
APPROVED:
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Presid t of City Council
LEASE ADDENDUM #1
THIS LEASE ADDENDUM entered into the 1a day of December, 1993, between the City of Pueblo,
a Municipal Corporation (the "Lessor ") and Avis Rent A Car System, Inc. (the Lessee "),
WITNESSETH:
WHEREAS, Lessor and Lessee entered into a Lease Agreement for the business of renting
cars dated January 1, 1991 (the "Lease ") and
WHEREAS, Lessee desires to renew the Lease for an additional term as provided in the
Special Conditions of the Lease;
NOW , THEREFORE, as provided by the Special Conditions paragraph of the Lease, the Lessor and
Lessee agree as follows:
1. The Lease shall be renewed for an additional term commencing January 1, 1994,
and terminating December 31, 1996.
2. Effective January 1, 1994, the annual rental shall be $710 payable in monthly
installments of $59.17 in advance on or before the tenth day of each calendar month during said
term, at the office of the Lessor's Finance Department, City Hall, Pueblo, Colorado. Said rent is
based at the rate of $10 per square foot per year for floor space.
Also, effective January 1, 1994, for the privilege of renting cars upon the Airport,
Lessee shall pay a fee of 10% of the monthly gross receipts of his operation at the Airport; or a
minimum annual fee of $16,800 payable in monthly payments of $1,400, whichever is greater.
3. Except as amended by this Lease Addendum, all of the remaining terms and
conditions of the Lease shall remain in effect, provided however, that no further right to renew
shall exist under the Special Conditions of the Lease.
Signed at Pueblo, Colorado the day and year first above written.
LESSEE LESSOR
AVIS RENT A CAR SYSTEM, INC. PUEBLO, A MUNICIPAL CORPORATION
President
BY
ATTEST:
City Ierk
APPROVED AS TO FORM:
City Attor