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HomeMy WebLinkAboutResolution - 6414 - Amendment To Agreement - Market Lubbock Inc.- Music Crossroads Of Texas - 06_24_1999Resolution No. 6414 June 24. 1999 Item No. 35A 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, an Amendment to the Agreement between the City of Lubbock and Market Lubbock, Inc., for the Convention & Visitor's for the Music Crossroads of Texas - West Texas Style Rock-n-Roll Festival and all related documents. Said amendment is attached hereto and incorporated in this resolution as if fully set forth herein and shall be included in the minutes of the City Council. Passed by the City Council this 24th day of June / , 1999. i AT ST: - lLabj'GLWO�'. Kaythi arnell City Se tary APPROVED AS TO CONTENT: Tommy G nzalez Director of Civic Services APPROVED AS TO ccdocs/Music Crossroads of Texas.res June 17, 1999 Resolutiou No. 6414 r June 24, 1999 Item No. 35A AMENDMENT TO THE COOPERATIVE AGREEMENT BY AND BETWEEN THE CITY OF LUBBOCK AND MARKET LUBBOCK, INC. WHEREAS, the City of Lubbock, Texas (hereinafter called the "City") and Market Lubbock, Inc. (hereinafter called "MLI") entered into a cooperative agreement on June 10, 1999 (hereinafter called the "Agreement"); and WHEREAS, at the time of the execution of the Agreement, the parties contemplated funding for a music festival entitled "Music Crossroads of Texas -West Texas Style Rock `N Roll," more specifically to allow MLI to contract with the musical group called the Everly Brothers to perform at said musical festival; and WHEREAS, MLI was unable to contract with the Everly Brothers for the above described music festival; and WHEREAS, the City desires that the funding amount agreed upon in the Agreement remain available to MLI in order for MLI to contract with another musical group to perform at the "Music Crossroads of Texas -West Texas Style Rock `N Roll"; NOW THEREFORE, the Agreement is hereby amended to read as follows: 1. Paragraph 2(b) of the Agreement is hereby deleted in its entirety. 2. Paragraph 2(c) of the Agreement is hereby amended to read as follows: (c) In the event that Market Lubbock, Inc. does not use the funding of this Agreement to hire musical performer(s) for the "Music Crossroads of Texas -West Texas Style Rock `N Roll" Festival, Market Lubbock, Inc. hereby agrees to refund the City of Lubbock the entire amount of Thirty Thousand Dollars ($30,000.00). 3. Paragraph 7 of the Agreement is hereby amended to read as follows: 7. TERM. In the event that Market Lubbock, Inc. does not hire musical performer(s) for the "Music Crossroads of Texas -West Texas Style Rock `N Roll" Festival as described herein by September 4, 1999, the Agreement shall become null and void and of no effect and the amount of Thirty Thousand Dollars ($30,000.00) shall be reimbursed to the City of Lubbock. 4. This Amendment to the Agreement shall be effective upon execution. The remainder of the Agreement shall remain in full force and affect except as changed herein. r EXECUTED this 24th day of June , 1999. CITY OF LUBBOCK: p rip FWAA ATTEST: 1(44-L Kaythi smell, City Secretary APPROVED AS TO CONTENT: 4' "nw & Tommy G nzalez, Managing Direcor of Civic Services APPROVED AS TO FORM: Amy L. ' Assis ity Attorney MARKET LUBBOCK, INC. By: Name: DA v I o Shag n c Title C E o o F M L z AMENDMENT TO COOPERATIVE AGREEMENT MARKET LUBBOCK, INC. PAGE-2