HomeMy WebLinkAboutResolution - 101074C - Lease Extension Agreement - LBK Transit Corporation - 10_10_1974/40A C
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 LEASE EXTENSION AGREEMENT between the City of
Lubbock and Lubbock Transit Corporation, 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.
I It �w ,
ROY BASS, MAYOR
ATTEST:
Treva Phillips ;City Secretary -Treasurer
APPROVED AS TO FORM:
Fred O. Senter, Jr., "Attorney
THE STATE OF TEXAS
§ LEASE EXTENSION AGREEMENT
COUNTY OF LUBBOCK §
WHEREAS, the CITY OF LUBBOCK and LUBBOCK TRANSIT
CORPORATION entered into a Lease Management Agreement dated September
28, 1972; and, which was extended by Agreement dated September 27, 1973;
and,
WHEREAS, the parties thereto desire to extend such agreement as shown
below; NOW THEREFORE:
WITNESSETH:
THAT the CITY OF LUBBOCK and LUBBOCK TRANSIT CORPORATION
do hereby agree to an extension of the Lease Management Agreement dated
September 28, 1972, and extended on September 27, .1973.
This extension shall be upon the same terms and conditions as stated in
the original agreement, except however, sub -sections (a)(b) of condition 10 of
the original agreement is amended by changing the maximum consideration to
ONE HUNDRED THIRTY-TWO THOUSAND AND NOf 100 ($132, 000. 00) DOLLARS.
The term of this extension shall be on a month to month basis with the
right of termination by either party on thirty days written notice to the other
party.
EXECUTED THIS loth DAY OF OCTOBER, 1974.
CITY OF LUBBOCK
ROY 13ASS, MAYOR
ATTEST:
Treva Phillips, Cdy Secretary -Treasurer
APPROVED AS TO FORM:
Fred O. Senter, Jr., City-ttorney
LUBBOCK TRANSIT CORPORATION
President
ATTEST:
Secretary