Laserfiche WebLink
<br />I <br /> <br /> <br />l ' 34 <br /> <br /> <br />AMENDMENT #1 TO LEASE OF AIRPORT <br />PROPERTY/BUILDINGS BETWEEN <br />CANELAS INTERNATIONAL AVIATION, INC. <br />AND THE CITY OF SAN MARCOS, TEXAS <br />STATE OF TEXAS <br />COUNTY OF HAYS AND CALDWELL <br />The City of San Marcos, Texas, a municipal corporation <br />organized and existing under the laws of the State of Texas, <br />hereinafter referred to as "Lessor" and Canelas International <br />Aviation, Inc., hereinafter referred to as "Lessee", do hereby <br />agree and contract to amend their lease agreement entered into <br />on January 25, 1993. <br />Lessor and Lessee hereby agree to an amendme~t of Paragraph <br />2.3, to read as follows: <br />2.3$ As further consideration, Lessee agrees to pay to Lessor a <br />percentage rental in the form of a quarterly fee equal to <br />one percent (1%) of the Lessee's gross income from all <br />commercial activity at the Airport, excluding sales or <br />services to federal, state or 'local governments or other <br />tax exempt organizations or agencies. Payment, without <br />deduction for facility improvements or any other capital <br />outlay, is to be made within ten (10) days of the last day <br />of January, April, July and October of each year and shall <br />be based on Lessee's income during the previous quarter. <br />In all other respects, except as herein modified, the terms <br />and provisions of said lease shall remain in full force and <br />effect. This amendment shall have the same force and effect as <br />if incorporated in the original lease, and shall take precedence <br />thereover. <br />EXECUTED in triplicate originals this the 9th day of <br />November' 1993. <br />LESSOR: <br />CITY OF SAN MARCOS <br /> <br />,>--;-~ 11 /,; 1 <br />BY: I . , ,./: ':V'~'- <br />Larry D. '<~Gilley, C~ty Manager <br />Attest: ' - <br />í;/,/ /ì" 'JA/ 1/J1f)~< ", Ju <br />V - /Ú/}I..A/1/1'. fY/JrltÞJ..A; <br />Jinis K. Womack <br />City Secretary <br />