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HomeMy WebLinkAboutResolution - 2023-R0336 - Amendment No. 1 to the Joyland Amusement Park Lease Agreement 6.27.23Resolution No. 2023-RO336 Item No. 6.23 June 27, 2023 RESOLUTION BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: THAT the Mayor of the City of Lubbock is hereby authorized and directed to execute for and on behalf of the City of Lubbock, Amendment No. I to the Joyland Amusement Park Lease Agreement dated April 12, 2022, abating the due rental payments for the year 2023, by and between the City of Lubbock and Mackenzie Park Playground, Inc. d/b/a Joyland Amusement Park, and 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 on ATTEST: Cou ney Paz, City Secretary APPROVED AS TO CONTENT: Uj(' Brooke Witcher, Assistant City Manager APPROVED AS TO FORM: Ryan Bro ke, Senior Assistant City Attorney RES.Amendment No. 1, Joyland Lease Agreement 5.30.23 June 27, 2023 TRAY PAYN AYOR Resolution No. 2023-RO336 AMENDMENT NO. I TO AGREEMENT BETWEEN THE CITY OF LUBBOCK AND MACKENZIE PARK PLAYGROUND, INC., D/B/A JOYLAND AMUSEMENT PARK THIS FIRST AMENDMENT to the Joyland Amusement Park Lease Agreement dated April 12, 2022, is entered into by the City of Lubbock ("City"), a home rule municipal corporation in Lubbock County, Texas and Mackenzie Park Playground, Inc., d/b/a Joyland Amusement Park ("Joyland"). WHEREAS, on or about April 12, 2022, City and Joyland executed a Lease Agreement whereby the City leased to Joyland lands located in Mackenzie Park for an initial term of twenty- five (25) years with additional terms of five (5) years, not to exceed forty (40) years; and WHEREAS, in response to the closure of business operations at Joyland and to allow necessary time for Joyland to reasonably close and vacate the leased premises while abating the due rental payments during that time; and WHEREAS, both parties for good and valuable consideration desire to amend said Lease Agreement with regard to the rental payments; NOW THEREFORE, for and in consideration of the mutual promises, covenants, terms and conditions, both general and specific, as hereinafter set forth, the Joyland Lease Agreement of April 12, 2022, is hereby amended by abating the annual rental payments due for the year 2023. All other portions of the original Lease Agreement shall remain in place and are not altered by this Amendment. IN WITNESS HEREOF, the parties have executed this Amendment as of this27 day of June 2023. CITY OF LUBBOCK: MACKENZIE PARK PLAYGROUND, INC., D/B/A JOYLAND AMUSEMENT PARK ,," �- - - �J TRAY P E, MAYOR ZI ST I —DO-*., Swxe ta" — Print and Title --ye85urer ATTEST: Courtney Paz, City Se etary APPROVED AS TO CONTENT: Brooke Witcher, Assistant City Manager APPROVED AS TO Ryan B fboke, !'enior Assistant City Attorney Parks & Rec.Joyland Amendment No. 1 5.30.23