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A RESOLUTION AUTHORIZING THE MAYOR
OF THE CITY OF GEORGETOWN TO APPROVE
CONDITIONAL ASSIGNMENT OF RIGHTS AND
PRIVILEGES GRANTED TO BOBBY G. STANTON
IN A LEASE AGREEMENT MADE ON JANUARY 16,
1979 TO SERENADA TENNIS, INC., A TEXAS
CORPORATION WHOSE PRESIDENT AND MAJORITY
SHAREHOLDER IS BOBBY G. STANTON AND AS
AUTHORIZED BY PARAGRAP ID AGREE-
MENT, WHEN APPROV Y THE CIT
GEORGETOWN.
WHEREAS, The City of Georgetown and bby G. S nton have ente ed
into a lease agreement for a five acre BO site to ted o he Georgetow
Municipal Airport on January 16, 1979; and,
WHEREAS, paragraph 15 of said 1 ase agreement states: "LES E
will not assign this lease or any interest he ein or sublet the premise or
any portion thereof or any right or privilege purtenant thereto or ow
any person other than his agents and employee to occupy or use th premises
or any part of them without fir ing the L SORTS written c sent there-
to, which consent shall not b_ unreason ly withh ld; and,
WHEREAS, Bobby C.
subject lease agreement ha
assigned to Serenada Tennis,
Stanton is president of the co
purpose of obtaining finan ;
property; and
WHEREAS, The Gec
be a reasonable request for
;anton, and the provisions of p agraph 15 of
quested that is is
nterest in ai lease be
C. , a Texas Corporation, of hich Bobby G.
o ation and ajority shareho der, for the
or 'mprove ents to be loca d on leased
'Own Municipal Airport$/oard believes this to
nment, and J
WHEREAS, the City Cou it approves the re est for assignment
provided Bobby G. Stanton is not elieved of person performance on the
lease agreement should Serenada Tennis, Inc. def It on any terms or
conditions of sKrmec
e agreeme t; and
WHEREe City Co cil directs the ty Attorney to draft the
assignment doin actor ce with council guidance and that all fees,
preparation anding c s be paid by Bob y G. Stanton; therefore,
BE IT RESOLVED by the City Council cP the City of Georgetown that
the Mayor is authorized to approve on behalf of the City assignment of rights
granted to Bobby G. Stanton to Serenada Tennis, Inc.. provided such assign-
ment does not release Bobby G. Stanton of personal performance on the lease
agreement.
ADOPTED this 8th day of May, 1979.
ATTEST:
Walden
City Secretary
G.—Doerrif ler
yor