HomeMy WebLinkAbout032091 ORD - 04/21/2020 Ordinance authorizing an amendment to the Lease Agreement with Padre
Island Yacht Club revising rent payments from greater of 10% of gross income
or $2300 annually to greater of 5% gross income or $2500 quarterly
Whereas, the Padre Island Yacht Club ("PIYC") lease was approved on August 23, 2011
and amended on December 12, 2017 for lease of property adjacent to the Wastewater
Treatment Plant located on Whitecap Blvd;
Now, therefore, be it ordained by the City Council of the City of Corpus Christi,
Texas:
SECTION 1. That the City Manager or designee is authorized to execute an amendment to the
Lease with the Padre Island Yacht Club to revise the rent payments from greater of 10% of gross
income or $2300 annually to greater of 5% gross income or$2500 quarterly and revise insurance
exhibit. A copy of the amendment shall be filed with the City Secretary's Office.
That the foregoing o dinance was read for the first time and passed to its second reading on this
the i x l day of AcrYi , 2020, by the following vote:
Joe McComb __,Lp,___ Michael Hunter
Roland Barrera 1\ilLl, Ben Molina ALJ
Rudy Garza "' Everett Roy Ay_
Paulette M. Guajardo Greg Smith ,Q
Gil Hernandez
0, 1,--it-
That
, YThat the oregoing ordinance was read for the second time and passed finally on this the
day of (�1 \ 2020, by the following vote:
\,
Joe McComb INL-k_ Michael Hunter .�
ll1
Roland Barrera Ben Molina ,�
Rudy Garza Everett Roy
Paulette M. Guajardo Greg Smith .kjg&--
Gil Hernandez
PASSED AND APPROVED on this the S- St day of Mr;\ , 2020.
ATT ST:
Le<1.47^— ,
e ecca Huerta J•- cComb
City Secretary M?ybr
032091 SCANNED