HomeMy WebLinkAboutResolution - 021149A - Rental Agreement - Ernest Exum - Agricultural Lease, SP Airfield - 02_11_1949 o2-t 1
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�- RESOLUTION
WHEREAS, the Airport Board has recommended the approval of
an agricultural lease by and between the City of Lubbock, acting by
and through its Airport Board, and Ernest Exum, Lessee; said lease
to be for a term of five (5) years with an option for an additional
. five (5) years; said lease to cover that area shaded in red on
South Plains Airfield map No. SP-X-19/1 which is to be attached to
said lease and made a part thereof. The consideration to be paid by
the Lessee to be 1/4 of all cotton and cottonseed raised on said
premises and 1/3 of all other crops; the Lessee to be granted an
allowance of $180.00 for grubbing and $2.50 per acre for each acre
under said lease that he breaks during the first year of said lease,
and
WHEREAS, the Airport Board has further recommended, in con-
nection with proposed lease, that said Lessee be permitted to drill
irrigation wells at his own expense in locations to be determined
by the Airport Manager, and that said Lessee be given the privilege
to remove any pumps, motor and casing that may have been placed on
the premises, upon expiration of said lease.
NOW$ THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF LUBBOCK, TEXAS:
That the agricultural lease to Ernest Exum recommended by
the Airport Board be and the same is hereby approved and said Airport
Board is authorized to execute a rental agreement to Mr. Ex= under
the terms recommended; all other terms and conditions of the lease to
be in accordance with standard agricultural leases used by the City
of Lubbock and subject to reservations and restrictions imposed upon
said premises as set out in instrument of transfer from The United
States of America to the City of Lubbock, Texas, which instrument is
recorded in Book 383, page 144, Deed Records of Lubbock County, Texas.
AND IT IS SO ORDERED.
PASSED AND APPROVED this the 11 day of FFBRUARy ,1949
MAYOR
ATTEST:
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