HomeMy WebLinkAboutResolution - 2020-R0077 - Lease Amendment With Wilkerson Investment Company - 02/25/2020 Resolution No. 2020-R0077
Item No. 7.22
February 25, 2020
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, an Amended Lease Agreement by and between the City of
Lubbock and Wilkerson Investment Company for property located at 530 36th Street,Lubbock
I,X, and related documents. Said Lease Agreement 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 February 25. 020
DAN 11 L M. POPE, MAYOR
ATTEST:
Rebe ca Garza, City Seer tary
APPROVED AS TO CONTENT:
Mark Ye 'wood, Ass�i�tc—ity Manager
APPROVED AS '1'O FORM:
K lli Leisure, Assistant City Attorney
RCS.AmendLease Agrmt-WilkersonMth&
02.19.20
Resolution No. 2020-R0077 Contract 9227
Amendment No. 1
`SEMS REALle0 S
COMMERCIAL LEASE AMENDMENT
uU OF TIMS FORE BY Palsom Voo ARE NOT MEMBERS of TNm TuAs AESOGAu m OF RmTOR801s NOT AUfF0.'JR2ED.
Cq*zn A"Qcft ion of REALTOR".VIC,X01 D
AMENDMENT TO THE COMMERCIAL LEASE BETWEEN THE UNDERSIGNED PARTIES CONCERNING
THE LEASED PREMISES AT 630.38th, Lubbock,TX
Effective on , Landlord and Tenant amend the above-referenced lease as fboows:
❑ A. Leawd Premises: The suite or unit number identified in Paragraph 24(1)Is:
❑ (1) changed to
❑ (2) contains approximately square feet.
❑ l3. �:
❑ (1) The length of the term stated In Paragraph 3A Is changed to months and days.
❑ (2) The Commencement Date stated In Paragraph 3A is changed to
® (3) The Expiration Date stated in Paragraph 3A Is changed to March 31,2025
X❑ C. &M:The amount of the base monthly rent specified In Paragraph 4A is changed to:
$
5,815.00 from April 1,2020 to March 31,2028
$ from to
$ from to
$ from to
$ from to
❑ D. Secuft aoslt: The amount of the security deposit in Paragraph 6 is changed to
❑ E. Maintenance and Rem: The following Item(s) specified In the identified subparagraph of Paragraph
1SC will be maintained by the party designated below.
Para.No. DescriptioD Responsible Party
N/A Landlord Tenant
WA Landlord Tenant
N/A Landlord Tenant
NIA Landlord Tenant
❑ F. Parsing:
❑ (1) Common Pad;bg: The number of vehfcles Identified In Paragraph A(1) of the Commercial Lease
Parking Addendum Is changed to vehicles.
❑ (2) ReaMeted Common ParklUg fgr Tenants: The number of vehicles identified In Paragraph A(2) of
the Commercial Lease Parking Addendum is changed to vehicles.
(TXR-2114)1-28-10 rnWa(ed for kfenU ica0on by Landlord: eiW ,and TenanC Page 1 of 2
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Amendment to Commercial Lease concerning r 61h,Lu R,TX
❑ (3) : Tenant's assigned parking areas identified In Paragraph A(3) of the Commercial
Lease Parking Addendum is changed to
❑ (4) Parking Rental: The amount of rent identified in Paragraph B of the Commercial Lease Parking
Addendum Is changed to$
® G, Other:Paragraph(s) are changed to read(cite specific paragraphs and copy the
applicable paragraphs verbatim,making any necessary changes):
In Comnwrclal(..ease Addendum for Extension Option, reinstate an additional five year option
from April 1,2026 through March 31,2030 at a monthly base rent of$6400.
All other portions of the original Agreement and previous Amendments shall remain In place
and are not altered by this amendment.
Signature Page to follow. ,
GAA.1nlORG
T4-n-rrt: Wilkerson Investment Co.
By- /5"4
Printed Name: Gordon Wilkerson
Title: Partner Date: -� 20
Tt�P a,/T
-ivndtord:
Br-_..._
By:
Approved to 70
By(slgnature): By(signature): r
Printed Name: Daniel M.—Pope Printed Name: Wesley q 4t—At(—L--
Title:
Mayor tate: 20 TiVe:Direc or or Date:
ATTEST:
acs i ies management
_
r
dApprove
r�
ydntBy(signature B (saure):I
Printed Name; e cca Garza dtm11e i ,
Leisure
Printed
ureneNae:
TiBe:City Secretay _ pate. Tu :Assisat City- 5 Date"
Attorney
(TXR-2114)1-28-10
Page 2 of 2
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