HomeMy WebLinkAboutResolution - 2009-R0283 - Amendment To Lease Agreement - Alamo Rental Inc. - Facility At LPSIA - 07/28/2009Resolution No. 2009-RO283
July 28, 2009
Item No. 5.20
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 Lease
Agreement with Alamo Rental (US) Inc. for the lease of an additional 41,500 square
feet for the Rental Car Service Facility at Lubbock Preston Smith International Airport,
and all related documents. Said Agreement 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 28th day of July , 2009.
TOM MARTIN, MAYOR
ATTEST:
17),// -
Reber a Garza, City Secreta) -y
APPROVED AS 'TG-eQNTENT:
Jams W. Loomis, Transportation and Public
rks and Assistant City Manager
APP D A TO FORM:
Chad Weaver, Assistant City Attorney
Chadlccdocs/Res.LeaseAgreemen[- Alamo Rental, Inc.
July 1. 2009
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 ALAMO
RENTAL (US) INC. (referred to herein as "Lessee")
WITNESSETH:
WHEREAS, City and Lessee executed a Lease Agreement with the term
beginning March 1, 2007 and terminating on September 30, 2011 for automobile rental
services at Lubbock Preston Smith International Airport; and
WHEREAS, Lessee leases 25,000 square feet of land and desires to lease an
additional 41,500 square feet for the Rental Car Service Facility;
NOW THEREFORE, City and Lessee agree to amend the following:
I.
Article Four, A. Concession Fee, 2. Ground Lease (Service Facility) is amended as
follows:
"For each month for the remainder of the term of this Agreement, 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 66,500 square feet of exclusive lease area, as shown on Exhibit "B", at the
rate of $0.1534 per sq. ft. per year. On January 1, 2010, 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 28th day of July '2009,
CITY OF LUBBOCK
BY. ,,•01-1
TOM MARTIN, MAYOR
ATTEST:
Reb ca Garza, City Secretary
OVED AS TO CONTENT:
ALAMO RENTAL (LIS) INC.:
BY:
Print C n
Title: ✓ c C %'i'r ii �`°�� f
Date: 7z
I
W. Loomis, Transportation and Public Works
Assistant City Manager
APPROVED AS TO FORM:
�k6
Chad Weaver, Assistant City Attorney
Page 2
ALAMO RENTAL
4— North
190,
66,500 sq. ft.
b
r�
25,000 sq. ft.
90' 100,
EXHIBIT B
ea
r
0
LO
N