HomeMy WebLinkAboutResolution - 3585 - Amendment To Lease - E Reuel Nash - Lot 1, Henry Addition - 04/11/1991Resolution No. 3585
April 11, 1991
Item #15
AMENDMENT OF LEASE
STATE OF TEXAS §
COUNTY OF LUBBOCK §
WHEREAS, the City of Lubbock (as Lessor) leased unto E. Reuel
Nash (as Lessee), a portion of Lot 1, Henry Addition to the City of
Lubbock, Lubbock County, Texas as described in such Lease, which
Lease is hereby referred to for all pertinent purposes; and
WHEREAS, the Lessee has requested the City of Lubbock for an
Amendment to the Lease, to which amendment the City of Lubbock is
agreeable as hereinafter set forth; NOW THEREFORE:
KNOW ALL MEN BY THESE PRESENTS:
THAT in consideration of the premises and the covenants to be
kept and performed by the parties to said Lease, said Lease is
hereby amended in part as follows:
The full paragraph on the first page, beginning on the
seventeenth (17th) line down from the beginning of the body
of the Lease, and which full paragraph is also immediately
below the legal description of the fenced tract of land ex-
cepted from the Lease, is hereby amended in its entirety
(as to said full paragraph) to read hereafter as follows:
"To hold the same to Lessee for the term of fifty
(50) years from the first day of January, 1983, paying
rentals therefor in monthly installments of ONE HUN-
DRED FIFTY AND N0/100 DOLLARS ($150.00) on the first
day of each and every month, during the first year of
the term of the Lease, and thereafter said rental pay-
ment due shall increase each year by SEVEN AND 50/100
DOLLARS ($7.50) per month until May 1, 1991, whereupon
on May 1, 1991, the rental payment shall be at the
rate of TEN AND N0/100 DOLLARS ($10.00) per annum from
May 1, 1991 through April 30, 1996 (inclusive) with
such TEN AND N0/100 DOLLARS ($10.00) annual payments
being due each year on May 1, 1991; May 1, 1992; May
1, 1993; May 1, 1994; and May 1, 1995; and on May 1,
1996, the rental payments shall resume at a monthly
rate of ONE HUNDRED FIFTY AND N0/100 DOLLARS per month
from May 1, 1996 through April 30, 1997, and there-
after on May 1, 1997 and on May 1st of each succeeding
year thereafter, said monthly rental rate shall in-
crease by SEVEN AND 50/100 DOLLARS ($7.50) per month
during the life of this Lease."
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Except as hereinabove amended, said Lease shall in all other
respects remain the same.
EXECUTED this the 11th day of
1991.
LESSOR: CITY OF LUBBOCK
BY : CJ
for B. C. , cMINN, MAYOR
T. ,T. Patterson, Mayor Pro -Tem
ATTEST:
Ranet a Boyd., City Secret ry
APPROVED AS TO CONTENT:
Ed Bucy, Right -of -Way Agent
APPROVED AS TO FORM:
J. W r h Fullingim, Assistan
CitAv4ttorney
JWF:js
April
LESSEE:
BY:
E. REUEL NASH
RESOLUTION
Resolution No. 3585
April 11, 1991
Item #15
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THE STATE OF TEXAS §
COUNTY OF LUBBOCK §
BEFORE ME, the undersigned authority, a Notary Public in and
for said County, Texas, on this day personally appeared B:--E-s T. S," PA44ec6QA,
q"A1{or , , known to me to be the person whose name is sub-
scribed to the foregoing instrument and acknowledged to me that he
executed the same as the act and deed of the CITY OF LUBBOCK and as
MAYOR, for the purposes and consideration therein expressed and in
the capacity therein stated. 41
GT_VV4 UNDER MY HAND AND SEAL OF OFFICE this r�-"" day of
1991.
Notary Public in and for
the State of Texas
THE STATE OF TEXAS §
COUNTY OF LUBBOCK § '
BEFORE ME, the undersigned authority, a Notary Public in and
for said County, Texas, on this day personally appeared E. Reuel
Nash, President of 70th and Indiana, Inc., a Texas Corporation,
known to me to be the person and officer whose name is subscribed
to the foregoing instrument and acknowledged to me that he
executed the same for the purposes and consideration therein
expressed and in the capacity herein stated as the act and deed
of said corporation.
GIVEN UNDER MY HAND AND SEAL OF OFFICE this day of
c (_ 1991.
Notary Public in and for`
Lubbock County, Texas
My Commission Expi?es : / f r -k j -q j
ROMEO"*
_ $
Except as hereinabove amended, said Lease shall in all other
respects remain the same.
EXECUTED this the 11th
1991.
LESSOR: CITY OF LUBBOCK
BY: G
for B. C. MCMINN, MAYOR
T. j. Patterson, Mayor Pro -Tem
ATTEST:
Rdnet�7 Boyd, City SecretkLry
APPROVED AS TO CONTENT:
Ed Bucy, Right -of -Way Agent
APPROVED AS TO FORM:
J. W& Yh Fullingim, Assistan
Cit torney
day of April 11
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LESSEE:
BY:
E. REUEL NASH