Res 2506 4/15/1980RESOLUTION NO. .o /16
RESOLUTION APPROVING AMENDMENT OF LEASE
BETWEEN CITY OF WICHITA FALLS AND APCOA
DIVISION, ITT CONSUMER SERVICES CORPORATION,
FOR PARKING AT MUNICIPAL AIRPORT.
WHEREAS, the City of Wichita Falls and APCOA Division,
ITT Consumer Services Corporation entered into a lease
agreement dated June 3, 1970, for paid parking facilities
at Wichita Falls Municipal Airport, and the parties desire
to amend such lease.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN
OF THE CITY OF WICHITA FALLS, TEXAS, THAT:
That certain amendment of lease agreement, a copy of
which is attached hereto, between the City of Wichita Falls
and APCOA, Inc. , successor to APCOA Division, ITT Consumer
Services Corporation, is hereby approved, and the City Manager
is authorized to execute the same for the City of Wichita Falls.
PASSED AND APPROVED this the 15th day of April, 1980.
A Y O R
ATTEST:
City C erk
Ci'i :' CLERK'S OFFICE
AMENDMENT OF Date
LEASE AGREEMENT 2)_...
That Certain Lease Agreement Dated June 3, 1970 between the City of Wichita
Falls and.APCOA_ Division, ITT Consumer Services Corporation, ' now by assignment,
APCOA, Inc. , is hereby amended as follows:
1. Section 2 shall read as follows:
Lessee agrees to pay the Lessor a monthly rental as hereinafter set
forth: For the months May 1, 1980 through October 31, 1980 the
Lessee shall pay the City 25% of the gross monthly receipts in excess
of $3,333 per month but not in excess of $5,000 per month; plus 50%
of the gross monthly receipts in excess of $5,000 per month. Lessee
shall be entitled to collect and receive any and all parking revenue ,
including, without limitation, receipts from parking meters, restaurant
validations , parking coin machines and employee parking fees, if any.
2. The first sentence of Section 4 shall read as follows:
The term of this lease shall be for a period to expire as of 12: 00 a.m.
midnight) on October 3 1, 1980.
3. Section 5 shall be deleted.
4. The first sentence of Section 12 shall read as follows:
Parking rates charged shall be in accordance with the following schedule
beginning May 1 , 1980:
First Flour 0. 50
Each Additional Hour 0. 25
Maximum Each 24 Hours 2.50
Storage, 7 day week 11.00
Parking Meters, Each z Hour $ 0.25
In Witness Whereof the parties have hereunto set their hands this 15th day
of April 1980.
City of Wichita Falls
By:
City Man, •er
Attest:
Cit Clerk
APCOA, Inc.
By: s j
Attest: Senior. Vice Presi. n
Assistant Secretary