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HomeMy WebLinkAboutResolution - 011278A - Amendment To Agreement- TTU- Operations, Etc., Auditorium-Coliseum Parking Area - 01_12_1978KJ:yb R.F.1RC)T .T TTTC)N 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 an Agreement between the CITY OF LUBBOCK and TEXAS TECH UNIVERSITY, attached here- with 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 12 day of January , 19_ 9 s ROY B ', MAYOR ATTEST: .Treva Phillips, Ci Secretary -Treasurer APPROVED AS TO FORM: O. Senter, Jr., C' Attorney r AMENDMENT TO OPERATING AGREEMENT THE STATE OF TEXAS COUNTY OF LUBBOCK This Amendment to Operating Agreement entered into between the Board of Regents of Texas Tech University, hereinafter called "University", and the City of Lubbock, hereinafter called "City"; WITNESSETH WHEREAS Texas Tech University, through its predecessor, Texas Technological College, and the City of Lubbock entered into an Agreement dated August 27, 1953, for the operation of the Auditorium -Coliseum and the parking area around huch buildings; and WHEREAS the parties to such Agreement desire to amend the Agreement as it re- lates to parking around such buildings; NOW THEREFORE WITNESSETH The Operating Agreement between the University and the City BE and is hereby amended as follows: 1. Paragraph No. 7 which relates to the parking area around the Auditorium -Coliseum is hereby superseded by this Amendment for the original term of this Amendment and any extensions granted by mutual agreement of the parties hereto. 2. The University shall have the right to control the parking areas adjacent to the Auditorium -Coliseum as designated on the Exhibit A attached hereto and such control shall include the right to permit student, staff and faculty parking and the right to collect fees for such parking and enforce regulations relating to such parking. 3. The University shall pay to the City the sum of TEN THOUSAND ($10, 000, 00) DOLLARS AND N0/100 annually for such parking pri- vileges. The above fee shall be paid in equal monthly installments with the first installment to be due on September 1, 1978, and like payments to be paid on the first of every month during the life of this Amendment and any extensions hereto. Provided however, in the event the University increases the parking fees on such parking area the amount to be paid by the University to the City shall be in- creased in proportion .to the increase in such parking fees. 4. The City agrees to repair the access lanes and the parking lot, and further agrees to maintain same in a reasonable and safe condition acceptable to the University. 5. This Amendment shall be in effect for a period of one year commenc- ing on September 1, 1978, and shall continue year to year unless can- celled as provided herein. 6. Either party to this Amendment may cancel this Amendment by 30 days written notice to the other party. 7. In the event of cancellation or termination of this Amendment, then in either event the conditions of paragraph No. 7 of the original Operating Agreement shall become effective once more. EXECUTED this 12th day of January ATTEST: o-'7 A Treva Phillips, City -Secretary -Tr asurer APPROVED AS TO FORM: re O. Senter, Jr.-. C, rAttorney , 1978 . CITY OF LUBBOCK Mayor, Roy Bass EXECUTED this ads day of �c bfua fd 19 8 . ATTEST: TEXAS TECH UNIVERSITY Chairman, Board of Regents t)6AtZ- 4\M PXI M,4TC:LY