HomeMy WebLinkAboutResolution - 2002-R0093 - Amendment To Lease Agreement - The Hertz Corporation - 03/14/2002Resolution No. 2002-R0093
March 14, 2002
Item No. 25
RESOLUTION
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the Mayor of the City of Lubbock BE and is hereby authorized and
directed to execute for and on behalf of the City of Lubbock an Amendment to Lease
Agreement between the City of Lubbock and The Hertz Corporation, and any other
related documents. Said Amendment is attached hereto and incorporated in this
Resolution as if fully set forth herein and shall be included in the minutes of the
Council.
Passed by the City Council this 14th day of March, , 2002------
WINDY
002W DY SIT N, MAYOR
ATTEST:
Rebecca Garza, City Secretary Zy
APPROVEDAS'TO CONTENT:
r of Aviation
APPROVED AS TO FORM:
Linda L. Chamales
Supervising Attorney - Office Practice
LLC:cp L:Tityatt\Linda & ccdoes/COL- McHertzCorp-Amendment. Res
February 7, 2002
nr
r
Resolution No. 2002-R0093
March 14, 2002
Item No. 25
STATE OF TEXAS §
KNOW ALL MEN BY THESE PRESENTS:
COUNTY OF LUBBOCK §
AMENDMENT TO LEASE AGREEMENT
This Agreement is entered into by the City of Lubbock (hereinafter referred to as
City), a Home Rule Municipality of Lubbock County, Texas, and The Hertz Corporation
(hereinafter referred to as Lessee).
WITNESSETH:
WHEREAS, City and Lessee executed a Lease Agreement on the 10ffi day of
June, 1999, in which Lessee was granted certain rights and privileges to provide
automobile rental services at Lubbock International Airport;
WHEREAS, both City and Lessee desire to amend a portion of the Agreement
previously executed to add 5,000 square feet to the ground lease;
NOW THEREFORE, Article Four, Paragraph A.2 is amended to read as follows:
ARTICLE FOUR
RENTALS RECORDS AUDIT AND PLACE OF PAYMENT
A. Rental
2. "Ground Lease (Service Facilitv): For each month that this lease is in
effect, the Lessee shall pay to the City rentals for a ground lease on an
area to be used as a service facility and consisting of 25,000 square feet of
exclusive lease ar: a, as shown on Exhibit "B", at the rate of $.1289 per
sq. ft. per year. Payment must be received by the City on or before the
20th day of each and every month during the term of this lease. In
accordance with the original Lease Agreement, on January 1 of each year
1
for the remainder of the term of this Agreement, the rental rate for the
area to be used as a service facility shall be adjusted upward or downward
in accordance with the increase or decrease for the preceding twelve (12)
months in the Consumer Price Index published by the Bureau of Labor
Statistics of the United States Government."
Executed this 14th day of March 2002.
CITY OF LLBBOCK LEd
BYO�" BY:
WINDY SI ON, MAYOR
ATTEST:
Rebecca Garza- City Secretary
APPROVED AS CONTENT:
Mark &e,_Director of Aviation
APPROVED AS TO FORM:
Linda Chamales
Supervising Attorney — Office Practice
tle:
HERT CORPORATION C 4400
-
§16on Ellis
Vice President,
Properties and Concessions
Date: February I , 2002
Amendment to Hertz Lease Agreement
Page 2
Resolution No. 2002-R 0093
®O
Z
EXHIBIT B
RENT CAR SERVICE FACILITIES
NATIONAL HERTZ ADVANTAGE
0
N F11F a
EMPLOYEE PARKING
AVIS I BUDGET