HomeMy WebLinkAbout11675 ORD - 09/05/1973•JRR:jkh:s: 7 -31 -73 lat. ' � _ � •
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AN ORDINANCE
AUTHORIZING AND DIRECTING THE CITY MANAGER TO
EXECUTE A THREE -YEAR EXTENSION OF THE LEASE WITH
HERTZ CORPORATION, ORIGINALLY AUTHORIZED UNDER
ORDINANCE NO. 7709, AND AS AMENDED BY ORDINANCES
8325 and 9022, TO BEGIN AUGUST 8, 1973, AND PRO-
VIDING FOR MINIMUM RENTALS AND MODIFICATION AS
SHOWN ON THE EXTENSION AGREEMENT ATTACHED HERETO
AND MADE A PART HEREOF, MARRED EXHIBIT "A ".
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
CORPUS CHRISTI, TEXAS:
SECTION 1. That the City Manager be, and he is hereby,
authorized and directed to execute a three -year extension of the
Lease with Hertz Corporation, originally authorized under
Ordinance No. 7709 and as amended by Ordinances 8325 and 9022,
said term to begin August 8, 1973, and amending said lease agree-
ment as extended by providing for minimum rentals and modification
as shown on the extension agreement attached hereto and made a
part hereof, marked Exhibit "A"
iJ-675
JRR:JKH;S:7 -31 -73 1st
LEASE AGREEMENT
THE STATE OF TEXAS X
COUNTY OF NUECES X
The City of Corpus Christi, acting by and through its duly
authorized City Manager, R. Marvin Townsend, does hereby agree
with Hertz Corporation, acting by and through its President,
to enter into the following agreement:
1. The lease contract now in existence between the City
of Corpus Christi and Hertz Corporation, authorized by Ordinance
No. 7709, and amended by Ordinance No. 8325 and Ordinance No.
9022, passed and approved by the City Council of the City of
Corpus Christi, and which lease expires at midnight August 7, 1973,
is hereby extended for a period of three (3) years beginning
August 8, 1973.
2. It is agreed that Article IV, RENTALS, Paragraph 1, is
hereby amended to hereafter read as follows:
"Article IV, RENTALS, Paragraph 1. 10% of Lessee's gross
income, or the annual guarantee, whichever is greater. Guarantees
to be based on the following schedule:
First Year $17,000
Second Year $18,000; and
Third Year $19,000
Payments to be made monthly according to the following schedule:
First Year $ 1,466.66
Second Year $ 1,500.00; and
Third Year $ 1,583.33; or
10% of Lessee's gross income, whichever is greater."
Under Article IV, Paragraph 4, gross income as used herein
is hereby defined as the total net time and mileage charges and
the personal accident insurance charges.
3. Article VII, GENERAL PROVISIONS, add Paragraph 6 to read
as follows:
"In the event of any national emergency wherein there is a
curtailment, either by executive decree or legislative action,
of the use of motor vehicles or airplanes by the general public,
or a limitation of the supply of gasoline available for general
use, then and in that event the minimum guarantee provided here-
under will be subject to renegotiation."
4. All other provisions of said lease agreement as hereto-
fore existing are hereby continued in full force and effect to
the same effect as if copied verbatim herein.
WITNESS our hands in duplicate, each of which shall be con-
sidered an original, this the day of August, 1973.
ATTEST:
City Secretary
APPROVED:
5f DAY OF AUGUST, 1973:
Ci Attorney
Director of Finance
ATTEST:
Secretary
CITY OF CORPUS CHRISTI
By
R. Marvin Townsend
City Manager
HERTZ CORPORATION
By
President
That the foregoing ordinanc was read for t first time and passed
to its second reading on this the day of 19 73 • by the
following vote:
Jason Luby
James T. Acuff
Rev. Harold T. Branch
Thomas V. Gonzales
Ricardo Gonzalez
Gabe Lozano, Sr.
J. Howard Stark
That the foregoing ordinance was read for the second time and passed
to its third reading on this the 40'0- day of 19Z, by the
following vote:
Jason Luby
.Tames T. Acuff
Rev. Harold T. Branch
Thomas V. Gonzales
Ricardo Gonzales
Gabe Lozano, Sr.
J. Howard Stark
That the foregoing ordinanc§ was read for the third time and passed
finally on this the day of _ 19. _j by the following vote:
Jason Luby
James T. Acuff
Rev. Harold T. Branch
Thomas V. Gonzales
Ricardo Gonzales
Gabe Lozano, Sr.
J. Howard Stark
PASSED AND APPROVED, this the day of
ATTEST:
c
City Secret �
APPROVED: �/ /z
`7L DAY OF_J' 1g7J
City Attor e
MA
THE CITY OF CORPUS CHRISTI, TEXAS