HomeMy WebLinkAboutResolution - 1172 - Amendment To Lease Contract & Amendment- Chamber Of Commerce- Blk 87 OT Addition - 08/12/1982r
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RESOLUTION 1172 - 8/12/82
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 Contract and Amendment between the City of Lubbock, Texas and the
Lubbock Chamber of Commerce, Inc., attached herewith which shall be spread
upon the minutes of the Council and as spread upon the minutes of this Council
shall constitute and be a part of this Resolution as if fully copied herein in
detail.
Passed by the City Council this 12th day of August ,1982.
i
Bet McALISTER, MAYOR
ATTEST
E elyn Gagga, City 161a `Y -Treasurer
APPROVED AS TO CONTENT:
Jim Blagg, AssistanC Manager
APPROVED AS TO FORM:
G. Vandiver, First Asst. City Attorney
RESOLUTION 1172 - 8/12/82
+: ` SLIT`( SECRETARY -TREASURER
THE STATE OF TEXAS §
AMENDMENT TO LEASE CONTRACT AND AMENDMENT
COUNTY OF LUBBOCK V
This Amendment to Lease Contract and Amendment made and
entered into by and between the CITY OF LUBBOCK, TEXAS, herein-
after called "City" and the LUBBOCK CHAMBER OF COMMERCE, INC.,
hereinafter called "Chamber";
W I T N E S S E T H:
That the City and the Chamber have heretofore entered into a
Lease Contract under date of August 3, 1948, and an Amendment to
Lease Contract under date of October 23, 1975, for the lease and
rent to Chamber of the North 65 feet of the East half of Block
87, Old Town of Lubbock, Lubbock County, Texas. Said Amendment
to Lease Contract extends the term of the Lease Contract to
August 3, 1983 and permits the sub -lease of the premises to the
Urban Renewal Agency of the City of Lubbock.
It is the desire of both the.City and the Chamber to amend
said Lease Contract and Amendment to Lease Contract as is herein-
after set out.
For value received,. the Chamber hereby agrees to relinquish
and terminate all of its rights, title and interest in and to the
above named premises and the building and other improvements
situated on said premises effective November 1, 1982, but City
shall make lease payments under said agreement until November 1,
1982.
The City hereby agrees to purchase such building and all
improvements situated on said premises for the amount of Sixty -
Three Thousand Four Hundred and Eighty -Five Dollars ($63,485.00)
cash, to be paid to Chamber by City on or before November 1,
1982.
Other than as is herein set out, the Lease Contract and
Amendment to Lease Contract shall continue and be in full force
and effect.
Executed this 12th day of August 1982.
LUBBOCK CHAMBER OF COMMERCE, INC.:
PRESIZWNT
ATTEST:
CITY SEGRETAXY
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