Res 2241 11/7/1978I
RESOLUTION NO. cj
RESOLUTION APPROVING LEASE OF ADVERTISING
SPACE IN CLAIM BAGGAGE AREA OF MUNICIPAL
AIRPORT TERMINAL TO CONTINENTAL MORTGAGE
INVESTORS D/B/A GATEWAY INN.
BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY
OF WICHITA FALLS, TEXAS , THAT:
That certain lease of advertising space in the claim
baggage area of the Municipal Airport Terminal Building to
Continental Mortgage Investors d/b/a Gateway Inn, a copy of
which lease is attached hereto, is hereby approved, and
the City Manager is authorized to execute the same for the
City of Wichita Falls.
Passed and approved this the 7th day of November,
1978.
t
M A Y O R
ATTEST:
City Clerk
A G R E E M E N T•
THIS AGREEMENT entered into this day of
1978„ between the City of Wichita Falls, Texas, hereinafter called Lessor,
and Continental Mortgage Investors, d/b/a Gateway Inn
of Wichita Falls, hereinafter called Lessee.
W I T N E S SETH :
WHEREAS, Lessor is the operator of an Airport located in Wichita Falls,
Wichita County, Texas, and known as the Wichita Falls Municipal Airport; and;
WHEREAS, Lessee has indicated his desire to obtain certain advertising
space in the Airport Terminal Building.
NOW, THEREFORE, for and in Zonsideration of the mutual covenants,
promises and agreements herein contained, the aforesaid parties hereby agree
with' each other as follows :
f
I
Lessor does hereby grant to Lessee the right and privilege of display-
ing an advertising sign, furnished by Lessee, in the Claim Bag Area of the
Terminal Building, the location, size and design to be approved by Lessor;
which sign shall contain no rates or charges. Lessor does also hereby grant
to Lessee the right to install, at Lessee's expense, a direct line telephone
to Lessee's answering service and/or reservations desk for the purpose of
customer convenience in arranging for room reservations and/or courtesy
transportation to and from the Airport.
II.
The term of this lease will be for a period of one (1) year, commencing
on the 15th of November , 1978, and ending on the 14th of November 1979.
Lessee shall have an option to renew such lease for two (2) successive one (1)
year periods, provided that the provisions of said lease shall be subject to
re-negotiations at the end of any or each of said one (1) year terms .
III.
In consideration of the privileges granted to Lessee herein, a total
amount of Twenty-Five and No/100 Dollars ($25.00)' shall be paid to' Lessor in
advance each month during the term of this agreement.
IV.
It is further agreed by and between the parties hereto, after ninety
90) days from the effective date hereof, that either the Lessee or the
Lessor shall have the right to terminate this agreement upon thirty (30)
days written notice to the other party hereto, and the Lessee does further
agree to and with the Lessor that upon the termination of this lease,
whether by lapse of time, or under any other conditions or provisions
contained herein, the Lessee will peacefully and quietly yield up and
surrender the lease premises unto the Lessor. In this event, the rent
shall be apportioned as of the date of the termination of this lease.
V.
Lessee shall, in case of fire- or other casualty, which causes damages
which interfere with Lessee's use of the premises, give immediate notice
in writing to Lessor, who shall thereupon cause the damage to be repaired
forthwith, provided materials, supplies and labor are reasonably available.
If such damages prevent Lessee's use of the premises, the rent shall be
apportioned for the period required to make the repairs . If the entire
building shall be destroyed, then within thirty (30) days after the fire,
or other casualty, either Lessor or Lessee may cancel this lease by notice
in writing to the other, effective as of the date of the mailing of the
written notice, except the rent shall be apportioned as of the date of the
fire or other casualty.
VI.
Lessee further agrees to indemnify and hold Lessor harmless for any
injuries or damage caused by or brought about by installing, moving, opera-
ting or removing said advertising sign and direct line telephone, or in any
other way contributed to by the advertising sign and direct line telephone
or operation connected therewith.
VII.
If default in payment of rent is made by Lessee, or if any other cov-
enant herein be breached by Lessee, then Lessor may terminate this agreement
and remove Lessee therefrom.
2-
IN WITNESS WHEREOF, the parties hereto have executed this agreement
on the day and year above written.
CITY OF WICHITA FALLS, TEXAS:
BY:
Gerald G. Fox, City Manager
ATTEST:
Wilma J. Thomas, .-- _ City Clerk
LESSEE:
BY:
APPROVED AS TO FORM:
H. P. Hodge, Jr. , City Attorney •