Res 2005-085 - Laserfiche WebLink

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79. CONSENT TO SUBLEASE AND ASSIGNMENT OF LEASE STATE OF TEXAS COUNTY OF HAYS The City of San Marcos, Texas, a municipal corporation (the "Lessor"), William M. Soyars ("Lessee") and Patrick Michael, d/b/a MGM Cattle Company (the "Assignee") execute this Consent to Sublease and Assignment of Lease related to the Lease of Real Property for Agricultural Use between the Lessor and the Lessee dated December 8, 1997, as amended (the "Lease"). 1. The Lessee is required under Article 4 of the Lease to obtain the approval ofthe Lessor for any sublease of the Leased Premises. In consideration of the agreement by the Lessee and the Assignee to the terms and conditions of this Consent, the Lessor consents to the sublease of the Leased Premises by the Lessee to the Assignee. The Lessee shall provide a copy of the sublease to the Lessor promptly upon execution. 2. The Lessee is required under Article 4 of the Lease to obtain the approval of the Lessor for any assignment of the Lease. The Lessee has requested the Lessor to consent to the assignment of the Lease by the Lessee to the Assignee, the assignment to be effective upon the date of the death of the Lessee, evidenced by an official certificate of death provided by the Assignee to the Lessor. In consideration of the agreement by the Lessee and the Assignee to the terms and conditions of this Consent, the Lessor consents to the assignment of the Lease by the Lessee to the Assignee. The Lessee shall provide a copy of the assignment to the Lessor promptly upon execution. 3. The Lessor, the Lessee and the Assignee agree that the sublease consented to by the Lessor shall not affect the rights and obligations ofthe Lessor and the Lessee under the Lease. The Lessee shall remain responsible to the Lessor for payment of rent, payment of taxes to taxing entities, maintenance of the Leased Premises, maintenance of insurance coverage, and all other obligations of the Lessee under the Lease. 4. The Lessor, the Lessee and the Assignee agree that upon the effective date of the assignment of the Lease by the Lessee to the Assignee, the Assignee shall assume all of the rights and obligations of the Lessee under the Lease, including the payment of rent to the Lessor, payment of taxes to taxing entities, maintenance of the Leased Premises, maintenance of insurance coverage, and all other obligations of the Lessee under the Lease. 5. In all other respects, the terms and conditions of the Lease shall remain in full force and effect. Executed in triplicate originals on J u 1 y 5 , 2005.