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HomeMy WebLinkAboutResolution - 100975N - Lease Agreement Amendment - LBK Transit Corporation - 10_09_1975r /A /no976 / KJ: cab RESOLUTION THAT the MAYOR of the CITY OF LUBBOCK BE and is hereby author ized and directed to execute a LEASE AGREEMENT AMENDMENT between the CITY OF LUBBOCK and the LUBBOCK TRANSIT CORPORATION, attacl herewith which shall be spread upon the minutes of the Council and as sprea upon the minutes of this Council shall constitute and be a part of this Resolu tion as if fully copied herein in detail. Passed by the City Council this 9th day of October 197 ROY BA S, MAYOR ATTEST: Treva Phillips, CitviSecretary-Treasurer APPROVED AS TO FORM: (enter, Jr., City Attorney R ES OCUTION ,v THAT the MAYOR of the CITY OF LU13BOCK BE and is hereby author- ized and directed to execute a LEASE AGREEMENT AMENDMENT between the CITY OF LUBBOCK and the LUBBOCK TRANSIT CORPORATION, attached herewith 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 Resolu- tion as If fully copied herein in detail. Passed by the City Council this 9 day of OCTOBER , 1975. R�� I 't� 4 C '.� - ASS MAYOR ATTEST: � 9 it Treva Phillips,�ty ecretary-Treasurer APPROVED A5 TO FORM: Fred O. Senter, Jr., City Attorney THE STATE OF TEXAS § § LEASE AGREEMENT AMENDMENT 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 Agreements 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 CORPORA- TION 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 transit operations including, but, not limited to, personal injury and property damage insurance, providing single limit coverage in an amount not less than the require- ments 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 ROY BASS, MAYOR ATTEST. ; Treva Phillips, City ecretary-Treasurer APPROVED AS TO FORM: rFred O. Senter, Jr., City Attorney LUBBOCK TRANSIT CORPORATION PRESIDENT ATTEST: Secretary 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 ROY BASS, MAYOR ATTEST: �p Treva Phillips, City Secretary -Treasurer APPROVED AS TO FORM: Fred O. Senter, Jr., City Attorney LUBBOCK TRANSIT DIVISION OF AMERICAN TRANSIT CORPORATION PRESIDENT ATTEST: Secretary