HomeMy WebLinkAboutResolution - 2008-R0080 - Amendment To Lease Agreement - Federal Express Corporation - 02_28_2008Resolution No. 2008-R0080
February 28, 2008
Item No. 5.23
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 Amendment 42 to the Lease
Agreement with Federal Express Corporation to include an additional 92,800 square feet
adjacent to the south edge of the leased ramp area at Lubbock Preston Smith International
Airport. 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 Council.
Passed by the City Council this 28th day of February , 2008.
DAVID A. MILLER, MAYOR
ATTEST:
Reb cca Garza, City ecret
VEIL AS TO
Ja es W. Loomis, Transportation &
eblic Works Assistant City Manager
APPROVED AS TO FORM:
Linda L. Chamales, Senior Attorney
Office Practice Section
Uxityatt/Linda/Resolutions and ccdocs: Res -Fed Express Amend 42
February 13, 2008
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Resolution No. 2008—R0080
STATE OF TEXAS §
KNOW ALL MEN BY THESE PRESENTS:
COUNTY OF LUBBOCK §
AMENDMENT #2 TO LEASE AGREEMENT
This Agreement is entered into by the CITY OF LUBBOCK (referred to herein
as "City"), a Home Rule Municipality of Lubbock County, Texas, and FEDERAL
EXPRESS CORPORATION (referred to herein as "Federal Express").
WITNESSETH:
WHEREAS, City and Federal ]Express executed a Lease Agreement on the 23rd
day of March, 1995, in which Federal Express was granted priority use of approximately
158,400 square feet (320' X 495') of ramp area at the Airport for the purpose of
conducting air express operations; and
WHEREAS, Federal Express and City executed a lease amendment on September
4, 2003 which added 92,800 square feet (320' X 290') of ramp area adjacent to the south
edge of the original ramp;
WHEREAS, Federal Express exercised its first renewal option in accordance with
Section 2.01 of the Lease Agreement, and the term of the Lease Agreement is currently in
the first renewal period;
WHEREAS, Federal Express desires to amend the Lease by adding another
92,800 square feet (320' X 290') of ramp area immediately adjacent to the south edge of
the above mentioned ramp areas:
WHEREAS, the lease amendment fees will become effective at the time Federal
Express began occupying the ramp area;
NOW THEREFORE, City and Federal Express agree as follows:
I,
Article I, is amended by adding the following sentence to paragraph one:
"City hereby authorizes Federal Express to exercise the rights, powers, and
privileges herein set forth and grants Federal Express a second additional 92,800
square feet of ramp area as depicted in Exhibit C."
II.
Article 111, Fees, Section 3.01, is amended by adding the following sentence to the first
paragraph:
"Federal Express shall pay to City an additional ramp use fee of TWENTY-
SEVEN THOUSAND NINE HUNDRED THIRTY-TWO AND 80/100
DOLLARS ($27,932.80) per year for priority use of the 92,800 square feet shown
in Exhibit C, which fee shall be computed at the rate of $0.301 per square foot per
year and shall be payable in equal monthly installments of TWO THOUSAND
THREE HUNDRED TWENTY-SEVEN AND 73/100 DOLLARS ($2,327.73)
prior to the tenth (10`h) day of each month this Agreement is in effect."
M.
This amendment shall be effective as of April 1, 2007.
Amendment ##2 to Federal Express Corporation
Page 2
Executed this 28th day of February , 2008.
CITY OF LUBBOCK FEDERAL EXPRESS CORPORATION
B�`"'r� Y: C�
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DAVID . MILLER, MAYOR
ATTEST:
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Reb cca Garza, City Secret
VED AS TO CONTENT:
Vbfic
es W. Loomis, Transportation &
Works Assistant City Manager
APPROVED AS TO FORM:
Linda Chamalcs, Senior Attorney
Office Practice Section
Title: Yr A*t."
Date: dW717-ab
Approved
Legal Department
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Amendment #2 to Federal Express Corporation
Page 3
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