HomeMy WebLinkAbout17-83 RESOLUTIONRESOLUTION NO. 1- 23
A RESOLUTION AUTHORIZING THE MAYOR AND CITY.CLERK TO
EXECUTE A -MODIFICATION OF THE CITY'S LEASE AGREEMENT
WITH SCHEDULED SKYWAYS, INC. FOR SPACE IN THE AIRPORT
TERMINAL BUILDING TO MODIFY THE RENT AND FEES PAYABLE
THEREUNDER FOR THE YEAR 1983.
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
That the Mayor and City Clerk are hereby authorized and
directed to execute a modification of the City's lease agree-
ment with Scheduled Skyways, Inc. for space in the airport terminal
building to modfy':"the:-rent and fees payable thereunder. A copy
of the modification authorized hereby is attached hereto,
marked Exhibit "A", and made a part hereof.
PASSED AND APPROVED this 44 day of /349449/ , 1983.
.6
City Clerk 4
APPROVED:
Mayor
MODIFICATION OF LEASE AGREEMENT
This agreement made this kit day of Se , 1983,
by and between the City of Fayetteville, Arkansas, a municipal
corporation, hereinafter called Lessor, and Scheduled Skyways,
Inc., an Arkansas business corporation, hereinafter called Lessee.
WHEREAS, the parties hereto have entered into a lease
dated May 6, 1979, a copy of which is attached hereto, marked
Exhibit "A" and made a part hereof; and
WHEREAS, the parties desire to enter into a new agreement
modifying or supplementing the provisions of said lease.
NOW, THEREFORE, the parties mutually agree as follows:
1. Paragraph 5(A) of said lease is modified to provide
that sum payable thereunder shall be $18.21 per square foot
beginning January 1, 1983.
2. Paragraph 5(C) of said lease is modified to provide
that the sum payable thereunder shall be $6.43 per square foot
per year beginning January 1, 1983.
the
fee
3. Exhibit "B"
twelve (12) month
payable-byylessee
to said lease is
period beginning
modified to provide for
July 1, 1983, the landing
shall be 45 cents per 1,000 pounds
(mclw) per month, and by adding the following:
The minimum fee for any scheduling landing shall
be $4.00.
4. All provisions of the lessee are incorporated herein
and are hereby modified or supplemented to conform herewith but
in all other respects are to be and shall continueJan.full force.
IN WITNESS WHEREOF, the parties have executed this Modification
of -Leas mon the day and year first above written.
cv' f3Y -
4 at
t2
7 1.
=FATTEST:
By
City Clerk
447 g
AP.*
ATTEST:
CITY OF FAYETTEVILLE, ARKANSAS,
A Municipal Corporation
<11:S/Y
- ..._ By.
By:
R. A. Seddon
Mayor
SCHJ;ULED _ YWAYS, INC.
By:
David M Ferguson
Title: Vice President - Finance
'StEtTEVILLE, ARKANSAS
P. 0. DRAWER F
Mr. R. H. Seddon
Scheduled Skyways, Inc.
Post Office Box 1344
Fayetteville, Arkansas 72702
Dear Mr. Seddon:
OFFICE OF CITY CLERK
72701
February 2, 1983
Enclosed is the original and one copy of the Modification of
the City's Lease Agreement with Scheduled Skyways, Inc. for space
in the Airport Terminal Building, which modifies the rent and
fees payable thereunder for the year 1983.
Please execute and return the original to my attention for
retention in the files of the City Clerk's Office. I will then
forward an additional copy to the attention of the Airport Manager.
Thank you for your assistance in this matter.
Sincerely,
/,%7Olivia Kelly
City Clerk
/oak
Enc.
1501] 521-7700