HomeMy WebLinkAboutResolution - 2013-R0293 - Amendment To Lease Agreement - The Hertz Corporation - 09/10/2013Resolution No. 2013-RO293
September 10, 2013
Item No. 5.26
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 Amendment to Lease Agreement, by
and between the City of Lubbock and The Hertz Corporation, 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 September 10. 2013
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GL ' C. -- RTSON, MAYOR
ATTEST:
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Febe ca Garza, City Secret
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APPROVED AS TO CONTENT:
Kelly Campbell, Interim Director of Aviation
APPROVED AS TO FORM:
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Chad Weaver, Assistant City Attorney
vwxcdocs. RES.Amend Agrmt-Hertz Corp.
8.6. 2013
Resolution No. 2013-RO293
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 THE HERTZ
CORPORATION (referred to herein as "Lessee").
WITNESSETH:
WHEREAS, City and Lessee executed a Lease Agreement on the 26`h day of July,
2012, in which Lessee was granted the right to operate an automobile rental service for
ground transportation for passengers arriving at and departing from the Airport; and
WHEREAS, Lessee leases 25,000 square feet of land for a service facility and
desires to lease an additional 20,000 square feet at an adjacent lot for additional parking;
NOW THEREFORE, Lessor and Lessee agree to amend the following:
I.
Article Four, A. 2. Ground Lease (Service Facility), is amended as follows:
"For each month that this lease is in effect, the Lessee shall pay to the City rentals
for a ground lease on an area to be used as a service facility and consisting of 45,000
square feet of exclusive lease area, as shown on Exhibit `B", at the rate of $0.1675 per
sq. ft. per year. On January 1, 2014, and each year thereafter on the same month and day
for the remainder of the term of this Agreement, the rental rate for the area to be used as a
service facility shall be adjusted upward or downward in accordance with the increase or
decrease for the preceding twelve (12) months in the Consumer Price Index published by
the Bureau of Labor Statistics of the United States Government."
Executed this 10th day of September , 2013.
CITY OF LUBBOCK
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BY: / BY
GL . ROBERTSON, MAYOR
H E RTfZlffO P0RATION
SIMON ELLIS
Title: Staff Vice President,
Real Estate and Concessions
Date: ( d b
ATTEST: ATTE
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Reb cca Garza, City SecretaruMichael artirano, Assistant Secretary
APPROVED AS TO CONTENT:
Kelly Campbell, Interim Director of Aviation
APPROVED AS TO FORM:
Chad Weaver, Assistant City Attorney
Page 2
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EXHIBIT B
_ RENT CAR SERVICE FACILITIES
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_ NATIONAL Ii ERS1 )k/t}G
As000 2q000
AVISThr "Y ENTERPRISE
RENT CAR READY/RETURN
Rl,N r CAR t FASE AGRI-PAUN1