HomeMy WebLinkAboutResolution - 100975E - Lease Agreement Amendment - LBK Transit Division - 10_09_1975KJ:cab
RESOLUTION
1007667
THAT the MAYOR of the CITY OF LUBBOCK BE and is hereby authorized
and directed to execute a LEASE AGREEMENT AMENDMENT between the
CITY OF LUBBOCK and the LUBBOCK TRANSIT DIVISION OF AMERICAN
TRANSIT CORPORATION, attached herewith which shall be spread upon the
minites 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 9th day of October , 1975.
7/1 &I IR eel
MOU n
RO 1131ASS, MIrYOR
ATTEST:
Treva Phillips, Cit ecretary-Treasurer
APPROVED AS TO FORM:
O. Senter, Jr., (aty-Attorney
THE STATE OF TEXAS §
LEASE AGREEMENT AMENDMENT
COUNTY OF LUBBOCK §
WHEREAS, the CITY OF LUBBOCK and LUBBOCK TRANSIT DIVISION
OF AMERICAN TRANSIT CORPORATION entered into a Lease Management
Agreement dated September 28, 1972; and, which was extended by Agree-
ments dated September 27, 1973, October 10, 1974, and September 25, 1975;
and
WHEREAS, the parties thereto desire to amend such agreement as shown
below; NOW THEREFORE:
WITNESSETH:
THAT the CITY OF LUBBOCK and LUBBOCK TRANSIT DIVISION OF
AMERICAN TRANSIT CORPORATION do hereby agree to an amendment of
the Lease Management Agreement dated September 28, 1972, and extended
on September 27, 1973, October 10, 1974, and September 25, 1975, and
Section 7 of such Agreement Be and is hereby amended to read as. follows:
"7. The City of Lubbock shall obtain appropriate forms.
of insurance coverage to be in effect during the term of
this contract and any extension thereof, customarily main-
tained by the transit industry with respect to similar tran-
sit operations including, but not limited to, personal injury
and property damage insurance, providing. single limit
coverage in an amount not less than the requirements under
the applicable Texas law. Such policies shall be obtained
by the City, effective November 1, 1975, in the name of
Lubbock Transit Company'with the City of Lubbock and
American Transit Company named as additional insured."
EXECUTED THIS 9th DAY OF October 1975.
< CITY OF LUBBOCK
S ROY BASS,!MAYOR
ATTEST:
Treva Phillips, C!,V Secretary -Treasurer
APP OVED AS TO FORM:
Fred O. Senter, Jr. , City torney
LUBBOCK TRANSIT DIVISION
OF AMERICAN TRANSIT CORPORATION
PRESIDENT
ATTEST:
Secretary