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HomeMy WebLinkAbout027367 RES - 08/21/2007A RESOLUTION AUTHORIZING THE CITY MANAGER OR DESIGNEE TO EXECUTE A ONE-YEAR LEASE OPTION AGREEMENT WITH THE U.S. GOVERNMENT ON BEHALF OF THE U.S. COAST GUARD FOR PROPERTY LOCATED AT THE CORPUS CHRISTI INTERNATIONAL AIRPORT. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS, THAT: SECTION 1. The City Manager or his designee is authorized to execute a one-year lease option agreement with the U. S. Government on behalf of the U.S. Coast Guard for approximately 16 acres of real property located at the Corpus Christi International Airport. The parcel is under consideration for use as an aircraft hangar, apron, and office building for the United States Coast Guard. Should the option be exercised within the time period provided, the City and the U. S. Government, or its assignee, will negotiate a long-term lease, anticipated to be for a period of 40 years, with two optional 10 -year lease term renewals. ATTEST: Armando Chapa City Secretary APPROVED: August 15, 2007 liz- :eth R. Hundle • , As rant City Attorney for the City Attorney EHres195.doc THE CITY OF CORPUS CHRISTI enry G frett Mayor 027367 CorpusChristi, Texas day ofgU* , 2007 The above resolution was passed by the following vote: Henry Garrett Melody Cooper Larry Elizondo, Sr. Mike Hummell Bill Kelly Priscilla G. Leal John E. Marez Nelda Martinez Michael McCutchon 027367