HomeMy WebLinkAboutResolution - 2002-R0408 - Amendment To Lease Agreement For A Tract Of Land - Bowers Property Mgmt - 10/10/2002Resolution No. 2002-R0408
October 10, 2002
Item No. 26
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 #1 to a
lease agreement for a tract of land to be used as a stack lot for street construction
building materials, by and between the City of Lubbock and Bowers Property
Management 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 this 10th day of October
MCDOUIGAL, MAYOR
ATTEST:
Rebecca Garza, City Secretary
APPROVED AS TO CONTENT:
Ed Bucy, Right -of -Way Agent
APPROVED AS TO FORM:
William de Haas
Contract Manager/Attorney
gs/ccdocs/Amend #1 -lease agrmnt-Bowers
September f7, 2002
Resolution No. 2002-RO408
October 10, 2002
Item No. 26
AMENDMENT #1
to
LEASE AGREEMENT
This amendment to the Lease Agreement, ("Original Lease") dated April 22,
1999, between the City of Lubbock ("LESSEE") and Bowers Property Management
("LESSOR") for a stack lot for street construction building materials, is made and entered
between the parties October 10, 2002, ("Effective Date").
WHEREAS, City entered into a Lease with Bowers Property Management, dated
April 22, 1999 for a stack lot for street construction building materials, and
WHEREAS, both parties desire to amend the Lease; and
NOW THEREFORE, for and in consideration of the mutual covenants herein, the
parties agree to amend the Lease as follows:
Article I. is deleted and replaced with the following: "LESSOR, being the
sole owner of a tract of land in Section 80, block A, Lubbock County,
Texas, further described in the attached Exhibit "A" and Exhibit `B", does
hereby lease unto LESSEE said premises to be used as a stack lot for street
construction building materials.
2. Article III. is amended to add the following sentence: "LESSEE shall pay
the additional sum of $2,379.02 for the additional area shown in Exhibit
"B" during the period of October 10, 2002 to April 22, 2003, and LESSEE
shall pay the additional sum of $4,476.00 during the final period of the
Lease from October 22, 2003 to October 22, 2004."
All other provisions contained in the Original Lease shall remain in full force and
effect and shall not be affected by this Amendment.
EXECUTED as of the Effective Date.
Mayor
BOWERS PROPERTY MANAGEMENT
Garland Bowers
Manager
Lease Agreement
City of Lubbock and Bowers Property Management
Page 1 of 2
ATTEST:
Rebecca Garza
City Secretary
APPROVED AS TO CONTENT:
&�,6
Ed Bucy
Right -of Way Agent
APPROVED AS TO FORM:
x,William de Haas
Contract Manager/Attorney
Lease Agreement
City of Lubbock and Bowers Property Management
Page 2 of 2
Resolution No. 2002-RO408
EXHIBIT "A"
Description for a 3.73 acre tract of land in Section 80, Block A,
Lubbock County, Texas:
Beginning at a point which is 1,562.50 feet east and 884.95 feet South of the
Northwest corner of Section 80, Block A, Lubbock County, Texas;
Thence South 400.00 feet to a point, point being the Southeast corner of this tract;
Thence West 500.00 feet to a point, point being the Southwest corner of this tract;
Thence North 300.00 feet to a point, point being the Northwest corner of this tract;
Thence 591.61 feet in a Northeasterly direction to the point of beginning.
Resolution No. 2002-RO408
EXHIBIT "B"
Description for a 3.73 acre tract of land in Section 80, Block A,
Lubbock County, Texas:
Beginning at a point which is 1,562.50 feet east and 1,784.95 feet South of the
Northwest comer of Section 80, Block A, Lubbock County, Texas;
Thence North 500.00 feet to a point, point being the Northeast comer of this tract;
Thence West 500.00 feet to a point, point being the Northwest corner of this tract;
Thence South 150.00 feet to a point, point being the Southwest corner of this tract;
Thence 610.33 feet in a Southeasterly direction to the point of beginning.