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HomeMy WebLinkAboutResolution - 6081 - Amendment To Agreement - Civic Lubbock Inc. - 10_22_1998Resolution No. 6081 Item No. 46 October 22, 1998 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 an Agreement, attached herewith, by and between the City of Lubbock and Civic Lubbock, Inc., and any associated documents, which Amendment 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 full copied herein in detail. Passed by the City Council this 22nd day of October '1998. W��� _ Lx, • • ' City Secretary APPROVED AS TO CONTENT: Tommy Gdfizalez, i5ire&r of Civic Services APPROVED AS TO FORM: Iyefiald G. Vandiver, First Assistant City Attorney Ddres/CLIamen.res.doc October 13, 1998 Resolution No. 6081 Item No. 46 October 22, 1998 THE STATE OF TEXAS § COUNTY OF LUBBOCK § AMENDMENT WITNESSETH: WHEREAS, the City of Lubbock (hereinafter called "City") and the Civic Lubbock, Inc., (hereinafter called "Corporation") did heretofore on the 24th day of September, 1998, enter into an Agreement wherein City granted to Corporation a license for the use of the Auditorium/Coliseum and the Lubbock Memorial Civic Center in exchange for certain services to be performed by the Corporation; and WHEREAS, the Corporation has a need to make long term financial commitments; and WHEREAS, it is the desire of the City and the Corporation to amend said Agreement between the City and the Corporation to provide such capability; NOW THEREFORE: BE IT RESOLVED BY THE CITY AND THE CORPORATION AS FOLLOWS: SECTION 1. Paragraph 11 of the September 24, 1998, Agreement between the City and the Corporation shall be amended to read as follows: 11. The term of this Agreement shall be for five (5) years from the date of execution of this Amendment. After the initial five (5) year term, this Agreement may be extended by mutual agreement of the parties expressed in writing upon a year to year basis. SECTION 2. Paragraph 12 of the September 24, 1998, Agreement between the City and the Corporation shall be amended to read as follows: 12. In the event that this Agreement terminates at any time after the initial five (5) year guaranteed term, then in such event the Corporation shall nevertheless be authorized to undertake and fulfill all existing obligations and contracts necessary and essential for the conclusion of the Corporation's business. The Corporation further agrees to cooperate with the City to insure an orderly transition of all services and facilities subject to this Agreement upon its termination. This Amendment to the September 24, 1998, Agreement between the City and the Corporation is executed this2a'd day of October , 1998. CIVIC LUBBOCK, INC.: PAO Secretary ddcon/CLIamend.doc October 13, 1998 CITY OF LUBBOCK: ATT ST: Kayth Uearnell, City Secretary APPROVED AS TO CONTENT: opytvvw 1.14" j Tommy GAMez, Arect of Civic Services APPROVED AS TO FORM: �1. nLA-'A )P� D Id G. Vandiver, First Assistant City Attorney Pa