HomeMy WebLinkAboutReso. 1987-365 - Approving the Second Amendment to Lease Agreement Dated December 9, 1987, Between the City of Redding and Fred Peri with Respect to a Hanger Facility at Redding Municipal Airport, and Authorizing the Mayor to Sign Same RESOLUTION NO. S / -3 VS
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
APPROVING THE SECOND AMENDMENT TO LEASE AGREEMENT DATED
DECEMBER 9 , 1987 , BETWEEN THE CITY OF REDDING AND FRED PERI
WITH RESPECT TO A HANGAR FACILITY AT REDDING MUNICIPAL
AIRPORT, AND AUTHORIZING THE MAYOR TO SIGN SAME .
IT IS HEREBY RESOLVED by the City Council of the City of
Redding as follows :
1 . That the City Council of the City of Redding hereby
approves the Second Amendment to Lease Agreement dated
December 9 , 1987 , between the City of Redding and Fred Peri ,
a true copy of which is attached hereto and incorporated herein;
and
2 . That the Mayor of the City of Redding is hereby
authorized and directed to sign said Agreement and all necessary
documents in connection therewith on behalf of the City of
Redding , and the City Clerk is hereby authorized and directed to
attest the signature of the Mayor and to impress the official
seal of the City of Redding on the aforesaid documents , when
appropriate .
I HEREBY CERTIFY that the foregoing Resolution was
introduced and read at a regular meeting of the City Council of
the City of Redding on the 15th day of December , 1987 , and was
duly adopted at said meeting by the following vote:
AYES : COUNCIL MEMBERS : Carter , Fulton , Gard , Johannessen , & Dahl
NOES : COUNCIL MEMBERS : None
ABSENT: COUNCIL MEMBERS : None
ABSTAIN : COUNCIL MEMBERS: None
ALL__
MIKE\DAHL, Mayor
City of Redding
ATTEST: FORM PPROVED: /�/
24f ?. 722ce & c14
ETHEL A. NICHOLS , City Clerk RA DALL A. HAYS , City Attorney
• • .. e.
SECOND AMENDMENT TO LEASE AGREEMENT
THIS SECOND AMENDMENT TO LEASE AGREEMENT ( "Second Amend-
ment" ) is made and entered into this �7t(l., day of December,
1987 , by and between the CITY OF REDDING, a Municipal
Corporation, of 760 Parkview ' Avenue, Redding, California 96001 ,
hereinafter called "Lessor, " and FRED PERI , hereinafter called
"Lessee" :
WITNESSET H:
WHEREAS , Lessor and Lessee entered into a Lease Agreement
dated January 21 , 1980 ( "Lease Agreement" ) , with respect to a
hangar facility at the Redding Municipal Airport; and
WHEREAS , Lessor and Lessee entered into an Amendment to
Agreement dated May 29 , 1985 ( "First Amendment") , which amended
certain provisions of the Lease Agreement; and
WHEREAS , Lessor and Lessee desire to further amend the Lease
Agreement pursuant to the terms and conditions of this Second
Amendment;
NOW, THEREFORE, it is agreed as follows :
1 . Section 4 (c) of the Lease Agreement is hereby amended
by deleting the first two sentences thereof in their entirety and
substituting therefor the following new first and second
sentences :
"On January 1 , 2008 , title to the improvements shall pass to
Lessor, and Lessor shall become sole owner of all improve-
ments upon the premises . Beginning January 1 , 2000 , Lessee
• •
shall pay rent to Lessor upon the improvements placed on
Lessor ' s property and deemed to be amortized pursuant to
paragraph 4 (a) above .
2 . All other terms and conditions of the Lease Agreement,
as amended by the First Amendment, shall remain in full force and
effect.
IN WITNESS WHEREOF, the parties hereto have set their hands
on the day and year first above written .
LESSOR:
CITY OF REDDING
By:
MIKE DAHL, Mayor
LESSEE:
FRED PERI
ATTEST: FORM APPROVED:
ETHEL A. NICHOLS , City Clerk RANDALL A. HAYS , City Attorney
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