HomeMy WebLinkAbout029776 ORD - 03/26/2013Page 1 of 2
Ordinance
Authorizing the City Manager, or designee, to execute a Long
Term Lease Agreement ( "Lease ") with Host International, Inc.
( "HMS Host ") for the operation of a news and gift concession
located at the Corpus Christi International Airport ( "Airport "), in
consideration of the greater of an annual minimum guarantee of
$110,000 or a sum equal to ten percent (10 %) of the HMS Host's
gross receipts, for a term of five (5) years.
Whereas, by Ordinance No. 025091, the City and HMS Host entered into an eight -year
lease dated November 12, 2002 and commencing November 17, 2002, (the "Original
Lease ") for the operation of a news and gift concession at the Airport;
Whereas, the Original Lease was amended by Amendment No. 1 to Lease, dated
January 18, 2005, pursuant to Ordinance No. 026113, to provide for additional storage
area;
Whereas, the City and HMS Host desire to reinstate the Original Lease, extend the
term, and modify the provisions of the Original Lease and formally recognize the
following terms and conditions of the new Lease in complete substitution for the Original
Lease and all amendments and modifications thereto;
Be it ordained by the City Council of the City of Corpus Christi, Texas:
SECTION 1. That the City Manager, or designee, is hereby authorized to execute a
Long Term Lease Agreement for the operation of a news and gift concession located at
the Airport, in consideration of the greater of an annual minimum guarantee of $110,000
or a sum equal to ten percent (10 %) of the HMS Host's gross receipts, for a term of five
(5) years, which agreement is on file at the City Secretary's office.
That the foregoing ore was r ad for the first time and passed to its second
reading on this the 19 day of 2013, by the following vote:
Nelda Martinez
Kelley Allen
Rudy Garza
Priscilla Leal
David Loeb
Ordinance — HMS Host Lease 3 -7 -13
Chad Magill
Colleen McIntyre
Lillian Riojas
Mark Scott
2977
INDEXED
Page 2 of 2
That the foregoing ordnance w s read for the second time and passed finally on this
the ab day of , 2013, by the following vote:
Nelda Martinez
Kelley Allen
Rudy Garza
Priscilla Leal
David Loeb
ail.Q.4.4" Chad Magill
Colleen McIntyre
Lillian Riojas
Mark Scott
I
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ri
PASSED AND APPROVED, this the h day of
ATTEST:
Armando Chapa
City Secretary
Ordinance— HMS Host Lease 3-7 -13
airCk), 2013.
Nelda Martinez
Mayor
029776