HomeMy WebLinkAboutResolution - 081276A - Equipment_Storage Lot Easement Agreement - LBK Transit Division - 08_12_1976E
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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 ekecute a EQUIPMENT AND STORAGE LOT LEAS
AGREEMENT between the CITY OF LUBBOCK and the LUBBOCK TRANSIT
DIVISION OF AMERICAN 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 Resolution as if
fully copied herein in detail.
Passed by. the City Council this 12th day of August , 1976.
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ROY B SS, MAYOR
ATTEST:
Treva Phillips, City/Secretary-Treasurer
APPROVED AS TO FORM:
d O. Senter, Jr., arty Attorney
EQUIPMENT AND STORAGE LOT LEASE AGREEMENT
STATE OF TEXAS
KNOW ALL MEN BY THESE PRESENTNi
COUNTY OF LUBBOCK
This Agreement entered into between the City of Lubbock, a Home Rule
Municipality, hereinafter called "CITY", and Lubbock Transit Division of
American Transit Corporation hereinafter called "COMPANY",
WITNE SSETH:
WHEREAS, the CITY and the COMPANY have heretofore entered into a
Lease Management Agreement for the operation of a Mass Transit System
within the City of Lubbock, and
WHEREAS, the CITY in anticipation of receiving new motor coaches for'
such Mass Transit System under UMTA Grant desires to enter 'into a Lease
Agreement with the Company for certain equipment and storage lots to be used
in conjunction with such operation. NOW THEREFORE: The parties hereto
do agree as follows:
1. The term of this lease shall be the same as the Lease Manage,
ment Agreement between the parties hereto which is referred to above
and any extensions of Amendments thereto unless this Agreement is
terminated by either of the parties upon the grounds stated herein.
2. The City leases to the Company one 1976 three-quarter ton
Ford pickup truck equipped with air compressor, vehicle identifica-
tion No. F25MLC34996 and City of Lubbock identification No. 10-4036,
0001 and a Cyclone Vacuum Cleaner.
3. The City does hereby sublet to the Company the real property
leased by the City for the purpose of using it in this Mass Transporta-
tion System, the following described property:
Lots 6 through 15 (inclusive), Block 220 of the Original
Town of the City of Lubbock, Lubbock County, Texas.
4. The above described equipment and property shall be used in aV"
cordance with the terms and conditions set out in the Lease Management,
Agreement by the parties and the conditions set out in UMTA Agreemef'C
TX-0 3 -0016.
5. The Company, as a condition of this Agreement, shall include
the above leased equipment and property in their insurance policies in
the same amount as their other equipment and property, and shall in
addition hold the City harmless in the same manner as set forth in sald
Lease Management Agreement.
6. The consideration for the lease of the above stated equipment
and property between the City and the Company shall be the performan,'P
under the stated Lease Management Agreement.
EXECUTED THIS 12tti ' DAY OF &v_gust 1976.
CITY OF LUBBOCK
,. ROY BASS, MAYOR
ATTEST:
rena Ph psi' ty,. Secretary -Treasurer
APPROVED AS TO FORM:
red O. Senter, Jr., WAttorney ,
LUBBOCK TRANSIT DIVISION OF
AMERICAN TRANSIT CORPORATION
PRESIDENT
ATTEST:
Secretary