HomeMy WebLinkAboutResolution - 2003-R0360 - Amendment To The Lease Agreement With Federal Express Corporation - 09/04/2003Resolution No. 2003-RO360
September 4, 2003
Item No. 24
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 Lease
Agreement with Federal Express Corporation to include an additional 92,900 square feet
adjacent to the south edge of the leased ramp area at Lubbock 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
4th day of September , 2003.
MARC McDOUGAL, MAYOR
ATTEST:
Rebkca Garza, City Secretary
APPROVED AS TO CONTENT:
c
rim Director of Avi on
APPROVED AS TO FORM:
Linda L. Chamales, Supervising Attorney
Office Practice Section
Lc:cityatt/Linda/Resolutions and ccdocs: Res -Fed Express Amend
15-011*0D l
Resolution No. 2003—RO360
September 4, 2003
Item No. 24
STATE OF TEXAS §
KNOW ALL MEN BY THESE PRESENTS:
COUNTY OF LUBBOCK §
AMENDMENT 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 23`d
day of March, 1995, in which Federal Express was granted priority use of approximately
158,400 square feet of ramp area at the Airport for the purpose of conducting air express
operations; and
WHEREAS, Federal Express desires to exercise its right of first refusal (Article
VII, Paragraph 7.03) and amend the Lease by adding the area of land immediately
adjacent to the south edge of the above mentioned ramp area which is 92,800 square feet;
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 an additional 92,800 square
feet of ramp area as depicted in Exhibit B."
II.
Article III, 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-
FOUR THOUSAND EIGHT HUNDRED SEVENTY AND 40/100 DOLLARS
($24,870.40) per year for priority use of the 92,800 square feet of ramp area,
which fee shall be computed at the rate of $0.268 per square foot per year and
shall be payable in equal monthly installments of TWO THOUSAND
SEVENTY-TWO AND 53/100 DOLLARS ($2,072.53) prior to the tenth (10"')
day of each month this Agreement is in effect."
Executed this 4th day of
CITY OF LUBBOCK
BY:
MARC McDOU AL, MAYOR
ATTEST:
Mecca Garza, City Secretary
APPROVED AS TO CONTENT:
96jQ-_
n
Ir&im Director of Aviat' n
APPROVED AS TO FORM:
Linda Chamales, Supervising
Attorney —Office Practice
September 2003
FEDERAL EXPRESS CORPORATION
BY:
naging Director, Rea Estate °-
Title: And Airport Development OP
Date:Ts.T,
Approved
Legal Depar ment
Amendment to Federal Express Corporation
Page 2
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Adding 92,800
additional square
feet
Resolution No. 2003—RO360
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