HomeMy WebLinkAboutResolution - 022758B - Lease Agreement - Retha R Martin & J.B. Hoskins - Original Town URA Office Space - 02_27_1958 RESOLUTION _ }
..-. A RESOLUTION AUTHORIZING THE MAYOR TO ASSIGN A PORTION OF
A LEASE COVERING LOTS 19 AND 20-,,j BLOCK 86.,E ORIGINAL TOWN OF
LUBBOCK,x LUBBOCK COUNTY; TEXASj, TO THE URBAN RENEWAL AGENCY
OF THE CITY OF LUBBOCK,, AS HEREAFTER PROVIDED IN THE BODY OF
THIS RESOLUTION.
WHEREAS,, the City of Lubbock entered into a lease agreement by and
between said City, as Lessee, and Retha R. Martin and J. B. Hoskins, as
Lessors, covering certain property described as Lots 19 and 20, Block 86
Original Town of Lubbock, Lubbock County, Texas, for a term of five (5) years
with an option in favor of said Lessee to renew said lease for another five (5)
year term at the expiration of the first five year term, and said lease agree-
ment was entered into April 10, 1956; and,
WHEREAS, the Urban Renewal Agency of the City of Lubbock has made a
request to the City of Lubbock to use a portion of said premises for office
space for said Agency, and the City Commission finds that it would be
expedient and in the public interest, health, safety, and general welfare to
assign a portion of said lease to the Urban Renewal Agency of the City of
Lubbock, NOW THEREFORE
BE.IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LUBBOCK:
^^ SECTION 1.. THAT the Mayor BE and he is hereby authorized and directed
to execute for and on behalf of the City of Lubbock an assignment of a portion
of the lease covering certain property leased by the City of Lubbock, being
Lots 19 and 20, Block f3'dAe iginal Town of Lubbock, Lubbock County, Texas,
to the extent of 1, 278/feet of office space to be used by the assignee, the
Urban Renewal Agency of the City of Lubbock. Said assignment shail�provide
that the Urban Renewal Agency of the City of Lubbock shall make payments in
the amount of $20fl. 00 per month to Retha R. Martin and J. B. Hoskins so
long as the Urban Renewal Agency of the City of Lubbock shall occupy any
portion of said premises.
SECTION Z. THAT the City Secretary shall attest the signature of the
Mayor to said assignment and shall affix the seal of the City of Lubbock thereto.
Passed by the City Commission this 27th day of February , A:D., 195 .
S. S. FORREST.* JR... Maved
ATTEST: "
City Attorney
Lave 'a L6wex Cif)(Secret ry-Treasurer
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