Res 781 2/26/1968N
RESOLUTION NO. jq)
WHEREAS, the City of Wichita Falls has advertised for
bids for a lease on the southeast one quarter (at the corner
of Ninth and Holliday Streets) of Block 257 of the Original
Townsite of Wichita Falls , and Pioneer Restaurants has sub-
mitted a proposal dated February 19th, 1968, a copy of which
is attached hereto.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN
OF THE CITY OF WICHITA FALLS, TEXAS, THAT:
Said proposal by Pioneer Restaurants is accepted, and
the City is authorized to enter into a lease agreement for the
fifteen year period as provided in such proposal, and which
lease will reserve unto the City the right to accept the two
additional five year options . The lease will be dated June
1st, 1968, or sooner if the building has been completed and
open for business before that date. Such lease shall be pre-
pared or approved by the City Attorney, and the Mayor is
authorized to execute the same for the City of Wichita Falls.
PASSED AND APPROVED this the 26th day of February,
1968.
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MA OR
ATTEST:
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City Clerk
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PitilEER RUM! WeINTS
P. 0. BOX 1285
WICHITA FALLS. TEXAS 76307
February 19, 1968
TO: City of Wichita Falls
FROM: , O. D. McBride and M. E. McBride
SUBJECT: Lease - 1.4505 acres S.E. corner of block 257, Original
Townsite Sub-Division, formerly known as Catholic School
Property.
TERMS: $850.00 monthly, 10 year period $102,000.00
1,000.00 monthly, 5 year option 60,000.00
1,200.00 monthly, 5 year option 72,000.00
1,200.00 monthly, 5 year option 72,000.00
25 years 306,000.00
Iftbr 15 years, options exercised with the understanding
that we will vacate and clear the property on a one year
notice from the City, if said property is needed for pro-
jected medical expansion.
USE: Pioneer Restaurant.
Plans enclosed.
Picture enclosed.
We propose to build a Tourist Attraction Center with a
Welcome To Wichita Falls" sign and a display of objects
i of interest. This area will also have trash receptacles
and free ice water service.
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