HomeMy WebLinkAbout031209 ORD - 08/08/2017 Ordinance authorizing the City Manager or designee to execute a five-year lease
agreement with Corpus Christi Convention & Visitors Bureau for the following
Heritage Park properties in consideration of total monthly rental payment of
$3,000.00 with annual increase of 2%, and authorizing credit for improvements:
(1) the Jalufka House located at 1513 North Chaparral Street; (2) the Merriman-
Bobys House located at 1521 North Chaparral Street; and (3) the McCampbell
House located at 1501 North Chaparral; with one five-year extension option upon
agreement of the parties.
Be it Ordained by the City Council of the City of Corpus Christi, Texas, that:
Section 1. The City Manager or designee is authorized to execute a five-year Lease
Agreement with the Corpus Christi Convention & Visitors Bureau ("CVB") for the lease
of the following Heritage Park properties: 1) the Jalufka House located at 1513 North
Chaparral Street; 2) the Merriman-Bobys House located at 1521 North Chaparral Street;
and 3) the McCampbell House located at 1501 North Chaparral.
Section 2. That CVB shall pay total rent of $3,000 each month for the three properties,
for the initial 12 month period, with annual increase of 2% each year thereafter. CVB
may request and receive monthly rent credit for completed and accepted improvements,
not to exceed total credit of$200,000 or the actual cost of the improvements, whichever
is less.
Section 3. That the agreement may be extended for one five-year extension term upon
written agreement of the City Manager and the CVB President.
That the foregoing ordin rice was r-gad fp r the first time and passed to its second
reading on this the Clay of ,�_ r, A , 2017, by the following vote:
Joe McComb u I Ben Molina I
Rudy Garza / Lucy Rubio /
Paulette Guajardo I / Greg Smith I
1 �
Michael Hunter I Carolyn Vaughn
I 111°
Debbie Lindsey-Opel
031 09
INDEXED
That t foregoing ordin ce was read for the second time and passed finally on this
the day of , 2017, by the following vote:
Joe McComb LA: Ben Molina L
Rudy Garza A1 $
.,_ Lucy Rubio di
4
Paulette Guajardo I�AlGreg Smith
Michael Hunter
I. ,� Carolyn Vaughn
HPDebbie Lindsey-Opel `i-, ,• d
PASSED AND APPROVED on this the6day of IT.,,,,,,t- , 2017.
ATTEST:
'CLIC CU. Ehi.atir
Re ecca Huerta Jo M Comb
City Secretary Ma or
1) 312() 0