Res 2005-126 - Laserfiche WebLink

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NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OF THE FOLLOWING INFORMATION FROM THIS INSTRUMENT BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER. 71. \JOL 4 41 PAGE 76 056201. AMENDMENT NUMBER ONE TO LEASE OF AIRPORT PROPERTY BETWEEN OFFICERS CLUB AV SAN MARCOS #1. LP AND THE CITY OF SAN MARCOS STATE OF TEXAS 9 9 9 COUNTY OF HAYS The City of San Marcos, Texas, a Texas municipal corporation (the "City"), and Officers Club A V San Marcos #1 , LP (the "Lessee"), agree to amend their lease agreement (the "Lease") entered into on April 29, 2005, related to a tract of property at the San Marcos Municipal Airport in Caldwell County, Texas. The Lessee has requested that the Lease be amended to add an area of property upon which the Lessee would construct a second hangar to expand their aircraft hangar rental business. The City is willing to amend the Lease to permit this under the terms and conditions of this amendment. In consideration ofthe mutual covenants contained in this amendment, the City and the Lessee agree to amend the Lease as follows: 1. Article 1.01 of the Lease is amended to read as follows: 1.01. In consideration of the obligation of the Lessee to pay rent and in consideration of the other terms, covenants and conditions of this Lease, the City leases to the Lessee, and the Lessee leases from the City the 18,675 square foot tract of real property in Caldwell County, Texas described in Exhibit "A" attached to and made a part of this Lease for all purposes; and the 13,400 square foot tract of real property in Caldwell County, Texas described in Exhibit "A-2" attached to and made a part of this Lease for all purposes (the "Leased Premises") 2. Article 2.02 of the Lease is amended to read as follows: 2.02. The Lessee agrees to pay to the City a fixed rental in the sum of $0.20 per square foot per year for the entire area of the Leased Premises. The annual amount for the fixed rental shall be paid in equal quarterly installments in the amount of $ 641.50 which shall be due and payable on the last day of the last month for the current quarter. The Lessee, at its option, may make advance payments of up to one year's fixed rentals, but there will be no discount for these payments. 3. Article 5.02 of the Lease is amended to read as follows: 5.02. The Lessee shall substantially begin the construction of the Facilities within six months of the date of this Lease, shall diligently and continuously pursue the construction to completion, and shall fully complete the facilities within eighteen months of the date of 1