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<br /> 52 <br /> - <br /> RESOLUTION 1996 - l8l R <br /> I . <br /> I <br /> A RESOLUTION OF THE CITY COUNCIL OF <br /> THE CITY OF SAN MARCOS, TEXAS <br /> APPROVING THE TERMS AND CONDITIONS <br /> OF AMENDMENT NO.1 TO THE LEASE OF <br /> AIRPORT PROPERTY BETWEEN ARWIN AND <br /> MARGARET DOUGAL AND THE CITY; <br /> AUTHORIZING THE CITY MANAGER TO <br /> EXECUTE THE AGREEMENT; AND <br /> DECLARING AN EFFECTIVE DATE. <br /> . . <br /> RECITALS: <br /> 1. On September 3, 1996 the City entered into a lease with Arwin and Margaret <br /> Dougal for a portion of real property located at the San Marcos Airport. The purpose of <br /> this lease was to facilitate the construction of an aircraft hangar and the storage of the <br /> Dougals private aircraft. ~ <br /> 2. Paragraph 2.2 of the original Lease Agreement requires the payment of a fixed <br /> rental in the amount of ten cents ($0.10) per square foot per year for the Leased Premises, <br /> or $675.00. <br /> 3. The original Paragraph 2.2 mistakenly provided that the annual payment shall be <br /> paid in monthly installments in the amount of $675.00; this amount should be $56.25 per <br /> month. <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS: <br /> PART 1 . The attached Amendment No.1 to the above lease is approved. <br /> PART 2. The City Manager, Larry D. Gilley, is authorized to execute the <br /> Amendment No.1. <br /> PART 3. That this Resolution shall be in full force and effect from and after its <br /> passage. <br /> ADOPTED this 28th day of October 1996. <br /> f)~ ~ ~ <br /> Billy G. Moore <br /> Mayor <br /> Attes~ ~~ <br /> , c;1; K. Womack <br /> ! <br /> City Secretary <br />