HomeMy WebLinkAboutResolution - 2007-R0406 - Termination Of Lease Agreement - Market Lubbock Economic Development Corporation - 08/30/2007Resolution No. 2007-R0406
August 30, 2007
Item No. 2.6
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, a Termination of Lease
Agreement by and between the City of Lubbock and Market Lubbock Economic
Development Corporation, and all related documents. Said Termination of Lease
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 30th day of August 2007.
i
ATTEST:
1 114—
R ecca G za, City Secretary
APPROVED AS TO CONTENT:
Jarno Loomis
stant City Manager/Transportation and Public Works
�U
l
isonant City Manager/Development Services
APPROVED AS TO FORM:
Richard K. Casner
First Assistant City Attorney
ml/ccdocs/LEDA Termination of Lease Agree -res
August 20, 2007
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C. AND RETURN ]U Resolution No. 2007-RO406
DAVE 900HR"
CITY CE ujI a
TERMINATION OF LEASE AGREEMENT
This Termination of Lease Agreement is entered into this 30th day of
August , 2007, by and between the City of Lubbock, Texas, a Texas home rule
municipal corporation ("Lessor"), and Market Lubbock Economic Development
Corporation, a Texas not-for-profit corporation ("Lessee").
WITNESSETH
WHEREAS, pursuant to that certain Lease Agreement, dated on or about January
8, 2004 (the "Lease"), Lessor leased certain real property, as more particularly described
in the Lease (the "Leased Premises"), to Lessee, for the purpose as stated therein;
WHEREAS, it has come to the attention of Lessee that it no longer desires to
operate and maintain the Leased Premises;
WHEREAS, the Lessee now desires to terminate the Lease;
WHEREAS, the Lessor is amenable to the termination of the Lease.
NOW, THEREFORE, for and in consideration of the sum of Ten Dollars ($10.00)
and other good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, Lessor and Lessee hereby agree as follows:
Lessee does hereby surrender the Leased Premises and quits and offers to
terminate that certain Lease dated on or about January 8, 2004, by and
between Lessor and Lessee.
2. Lessor hereby accepts the surrender of the Leased Premises and the
termination of the Lease, for all intents and purposes, and consequently,
the Lease is hereby terminated effective as of the effective date hereof.
I Lessor and Lessee hereby agree to cooperate fully and utilize all
reasonable efforts to carry out the purpose and intent of this Termination
of Lease Agreement. Each party agrees to take such future actions and
execute such additional documents as may be required or appropriate to
give full force and affect to this Agreement.
LEDA Agreement
Page 15 of 18
Dated this 30th day of August , 2007.
CITY OF LUB C
DAVID A. MILLER, MAYOR
OR AUTHORIZED DELEGEE
ATTEST:
1
becca G za, City Secretary
AS TO CONTENT:
141
Loomis
int City Manager/Transportation and Public Works
Rob lison
Assistant City Manager/Development Services
APPROVED AS TO FORM:
Richard K. Casner
First Assistant City Attorney
LEDA Agreement
Page 16 of 18
THE STATE OF TEXAS
COUNTY LUBBOCK
This instrument was acknowledged before me on the 30 day of ,
2007, by David A. Miller, Mayor of the City of Lubbock, Texas, [or authorized delegee]
a home rule municipal corporation.
6CELLA WEBB
NoWy Public, Staie of Texas
My Camels m Expires 03-61-2010
ATTEST:
THE STATE OF TEXAS
COUNTY LUBBOCK
No Public, State of Texas
My commission expires: 0-Q-20117
MARKET LUBBOCK ECONMIC
,DEVELOPMENT CORPORATION,
A Texas not- r -profit corporation
B
Name:1&41 (? WA6W- X
Title- ;�FV/ ek- i E �%
This instrument was acknowledged before me on the /Aa'y of
2007, by C�A�Lf f��Ii�UC� ]'ill f Market Lubbock Economic
Development Corporation, a Texas not-for-profit corporation.
i (W4 4 ')AVIS Notary Public, State of Texas
* 1 v Fubic.sba d Tare My commission expires:
t� CawRttirion E�grtia-s-�-JO
LEDA Agreement
Page 17 of 18