HomeMy WebLinkAbout11676 ORD - 09/05/1973•JRR:jkh:s:7 -31 -73 1st.
AN ORDINANCE
AUTHORIZING AND DIRECTING THE CITY MANAGER TO
EXECUTE A THREE -YEAR EXTENSION OF THE LEASE WITH
NATIONAL CAR RENTAL, ORIGINALLY AUTHORIZED UNDER
ORDINANCE NO. 7711, AND AS AMENDED BY ORDINANCES
8326 and 9023, 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 National Car Rental, originally authorized under
Ordinance No. 7711, and as amended by Ordinances 8326 and 9023,
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 ".
X6'76
�RR: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 National Car Rental, 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 National Car Rental, authorized by Ordinance
No. 7711, and amended by Ordinance No. 8326 and Ordinance No. 9023,
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
100 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.
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. •
3. Article VII, GENERAL PROVISIONS, add Paragraph 6 to read
as follows:
"6. 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:
DAY OF AUGUST, 1973
C' y Attorney r-
Director of Finance
ATTEST:
Secretary
CITY OF CORPUS CHRISTI
By
R. Marvin Townsend
City Manager
NATIONAL CAR RENTAL
By
President
•
That the foregoing ordinance was read for the 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 ordinan9jo- was read for the second time and passed
to its third reading on this the _day of 19 7-1 , by the
following vote:
Jason Luby -
James T. Acuff
Rev. Harold T. Branch
Thomas V. Gonzales
Ricardo Gonzales
Gabe Lozano, Sr.
J. Howard Stark
That the foregoing ordinance 88 read for the third time and passed
finally on this the `day of 19�°�, by the following vote:
Jason Luby
James T. Acuff
Rev. Harold T. Branch
Thomas V. Gonzales
Ricardo Gonzales
Gabe Lozano, Sr.
J. Howard Stark PJ
PASSED AND APPROVED, this the day of , 19-z4,_.
ATTEST:
XIL
City Secretary MAC Q-
/ THE CITY OF CORPUS CHRISTI, TEXAS
APPROVED:
DAY OF 19i
City Attorney V