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Res 2016-061/CAF Lease extension
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Res 2016-061/CAF Lease extension
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Last modified
5/25/2016 2:10:40 PM
Creation date
5/25/2016 10:47:28 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2016-61
Date
5/3/2016
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t7 T L <br />NIVIVU11111II= <br />STATE OF TEXAS § <br />COUNTIES OF HAYS AND CALDWELL § <br />WHEREAS, Central Texas Wing, Commemorative Air Force, Inc. ("Lessee" or "CAP) <br />has assumed the rights and obligations contained in that certain "Airport Facility Lease <br />Agreement" by and between the City of San Marcos, Texas, a home-rule municipal corporation <br />located at 630 East Hopkins Street, San Marcos, TX 78666 ("City") dated April 1, 2015, Tile <br />Lease was approved by Resolution 2015 -81 R of the City Council of the City of San Marcos, Texas <br />(which instrument is referred to herein as the "Lease"); and <br />WHEREAS, CAF has requested that the Lease be amended to extend the length of the <br />term; and <br />WHEREAS, City is agreeable to such amendment of the Lease; <br />In consideration of the covenants contained in this amendment, the Lessor and Lessee agree <br />to amend the Lease as follows: <br />1) ARTICLE 2: RENT AND TERM OF AGREEMENT <br />1.01 Article 2, Section 2.02 of the Lease is hereby AMENDED to read as follows: <br />"The Primary Term of this Lease will commence on April 1, 2015 (the "Commencement <br />Date") and will extend for a period of twenty-one (Zj)_yqjjtLs. The Primary Term of this <br />Lease shall expire on March 3I, 2036. }" <br />2) All other terms and conditions of the Lease shall continue in full force and effect except as <br />otherwise modified by this Lease Amendment, <br />3) Effective Date. The Effective Date of this Amendment is the (late of execution by the last <br />party that executes the assigranent indicated below, <br />Executed and agreed to this — 3rd day of May , 201& <br />1 <br />
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