HomeMy WebLinkAboutRES 05.08.1979 - Airport Lease AgmtA RESOLUTION AUTHORIZING THE MAYOR
OF THE CITY OF GEORGETOWN TO APPROVE
CONDITIONAL ASSIGNMENT OF RIGHTS AND
PRIVILEGES GRANTED TO BOBBY G. STANTON
E ON JANUARY 16,
IN A LEASE AGREEMENT MAD
1979 TO SERENADA TENNIS, INC. , A TEXAS
CORPORATION BOBBY GS�TAN,rON S MAJORITY
SHAREHOLDER IS
AUTHORIZED PROVED BY THE CITY PARAGRAPH 15 OF
ID AGREE-
, WHEN
GEORGETOWN.
WHEREAS, The City of Georgetown
and
eBobby G. on the on have
Georgetownentered
into a lease agreement for a fila 1979cre �and,
Municipal Airport on January ,
WHEREAS, paragraph 15 of said lease agreement states: "LESSEE
will not assign this lease or any orte�e�ege P urtenant thereto sublet the premises
allow
any portion thereof n any right
and employees to occupy or use the premises
any person other than his agents
or any Part of them without first obtaining the awritten consent there-
to, which consent shall not be unreasonably h 15 of
WHEREAS, Bobby G. Stanton, under the provisions of paragraph
t in said lease be
subject lease agreement has requesta Texasthat hCorporatis ion. of which Bobby G.
assigned to Serenada Tennis, Inc..
Stanton is president of the corporation and majority for the
shareholder,
purpose of obtaining financing for improvements to be located on leased
property; and
own Municipal Airport Board believes this to
WHEREAS, The Georget
be a reasonable request for assignment, and
WHEREAS, the City Council approves the request for assignment
provided Bobby G. Stanton is not relieved of personal
on any terms ° ce on e
erform
lease agreement should Serenada and
conditions of said lease agreement;
WHEREAS, the City Council directs the City guidance tto nand that all fees,
to draft the
assignment document in accordance with council
preparation and recording costs be paid by Bobby G.
Stanton; therefore,
BE IT RESOLVED by the City Council of the City of Georgetown that
the Mayor is authorized to approve on behalf of the City assignment of rights
ranted to Bobby G. Stanton to Serenada Tennis, Inc. provided, such assign -
granted personal performance on the lease
ment does not release Bobby G. Stanton of
agreement.
ADOPTED this 8th day of May, 1979.
..
,pl.'Zor
ATTEST:
en
City Secretary
A