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Res 2024-200 approving an extension of the lease with the San Marcos Area Chamber of Commerce for the land located at 202 North C. M. Allen Parkway until October 16, 2031
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Res 2024-200 approving an extension of the lease with the San Marcos Area Chamber of Commerce for the land located at 202 North C. M. Allen Parkway until October 16, 2031
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11/3/2024 11:31:23 AM
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City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2024-200
Date
10/15/2024
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AMENDMENT NO. 5 TO <br /> CITY OF SAN MARCOS/SM CHAMBER OF COMMERCE LEASE <br /> This Amendment No. 5 to a lease between the parties below, (the "Amendment") is dated as of <br /> October 15, 2024 (the "Effective Date"), by and between the City of San Marcos, a political <br /> subdivision of the State of Texas, having an address at 630 E Hopkins St, San Marcos TX 78666 <br /> (the City),and the San Marcos Area Chamber of Commerce,a nonprofit Texas corporation,having <br /> its principal place of business at the site of the leased premises, 202 North C. M.Allen Parkway, <br /> San Marcos,Texas 78666 (COC) (collectively, the Parties). <br /> WHEREAS, the Parties have entered into a lease of City Property at the above address, the legal <br /> description contained in the original lease dated October 17, 1977; <br /> WHEREAS, the Parties hereto desire to amend the original Lease, said Lease having been <br /> amended four times to date, to extend the Lease for four years; <br /> NOW,THEREFORE,in consideration of the foregoing and other good and valuable consideration, <br /> the receipt and sufficiency of which are hereby acknowledged,the Parties agree as follows: <br /> As of the Effective Date (defined above), the Existing Lease is hereby amended or modified as <br /> follows: The Lease between the parties shall expire on October 16, 2031. <br /> This Amendment shall inure to the benefit of and be binding upon each of the Parties and each of <br /> their respective successors and assigns. <br /> This Amendment constitutes the sole and entire agreement between the Parties with respect to the <br /> subject matter contained herein, and supersedes all prior and contemporaneous understandings, <br /> agreements, representations, and warranties, both written and oral, with respect to such subject <br /> matter. <br /> IN WITNESS WHEREOF,the Parties have executed this Amendment as of the Effective Date. <br /> City of S arcos <br /> By: <br /> Step anie Reyes, City a ger <br /> San Marcos Area Chamber of Commerce <br /> By: <br /> Page Michel, President& CEO <br />
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