HomeMy WebLinkAboutResolution - 101074B - Supplemental Agreement - Hangars Of LBK Inc - Airport - 10_10_1974/0A07y
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 a SUPPLEMENTAL AGREEMENT TO HANGAR GROUND RENTAL
AGREEMENT between the City of Lubbock and Hangars of Lubbock,
Inc., attached hereto 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 loth day of October, 1974.
�1
ROY BvASS, MAYOR
ATTEST:
reva Phillips/
hi lips City Secretary -Treasurer
APPROVED AS TO FORM:
Fred 0.' enter, f .; City Attorney
SUPPLEMENTAL AGREEMENT TO
HANGAR GROUND RENTAL AGREEMENT
THE STATE OF TEXAS X
COUNTY OF LUBBOCK X
WHEREAS, the CITY OF LUBBOCK and HANGARS OF LUBBOCK, INC, on
August 22, 1974 entered into an Agreement covering a.lease of certain property
located at the Lubbock Regional Airport, and,
WHEREAS, Section C of Article VI of such Agreement stated that the construe-
tion costs of the buildings to be placed on the leased premises would be established
by an Agreement between the parties and attached to such original Agreement,
NOW THEREFORE, the CITY OF LUBBOCK and HANGARS OF LUBBOCK,
INC. do hereby agree as follows:
1. The total value of all buildings to be constructed on the leased premises
described in the original Agreement stated above shall be $158, 325. 15.
2. The City's title and interest in and to all buildings constructed on the
$ 20, 000. 00
leased premises shall be fig, 325.15 or 12. 61%.
THIS Agreement is a supplement to the original Agreement stated hereinabove
and shall be attached to and made a part to such original Agreement.
EXECUTED this 10th day of October 1974.
THE CITY OF LUBBOCK
ss
ROY BASS, MA YOR
ATTEST: MARVIN W. COFF , Director
of Aviation
Treva Phillips, C' Secretary -Treasurer
APPROVED AS TO FORM:
red O. Senter, Jr. , ty Attorney
ATTE ' HANGARS OF LUBBOCK, INC.
r �
Roy, Neal, Jr., Seem ry EARL HORTON, JR.`, President