HomeMy WebLinkAbout18739 - RESOLUTIONS - 11/15/1995 RESOLUTION NO. 18739
OF THE CITY COUNCIL OF THE CITY OF PALM
SPRINGS, CALIFORNIA APPROVING
TERMINATION OF AIRPORT LEASE NO. 1728,
AND APPROVING A NEW LEASE WITH
' VANDERBILT AIRCRAFT, MARINE AND MOTOR
FINANCE CORPORATION AND RESCINDING
RESOLUTION NO. 18680 AND AGREEMENT NO.
A3571.
WHEREAS the City of Palm Springs and John L. Kuranz, John A. Hallen and Thomas A.
Killoren, A California Partnership ("Original Tenant"), entered into that certain Lease
Agreement No. 1728 ("Original Lease") pursuant to which City leased to Original Tenant that
certain real property more particularly described therein ("Demised Premises"); and
WHEREAS the Original Tenant assigned the Original Lease to Carole Schutz pursuant to that
certain Assignment of Lease executed by original Tenant and Carole Schutz; and
WHEREAS the City and Carol Schutz subsequently amended the Original Lease pursuant to
that certain Amendment No. 1 to Lease Agreement No. 1728 dated November 7, 1990 ("First
Amendment"), that certain Second Amendment to Lease Agreement dated October 16, 1991,
("Second Amendment") and that certain Third Amendment to Lease Agreement dated
February 1, 1995 ("Third Amendment"); and
WHEREAS Carol Schutz has requested that Lease No. 1728 be assigned to Vanderbilt Aircraft,
Marine and Motor Finance Corporation; and
WHEREAS the parties have agreed not to assign the Lease but rather concurrently cancel the
Schutz Lease and enter into a lease with Vanderbilt Aircraft Marine and Motor Finance
Corporation; and
WHEREAS the Airport Commission has reviewed and unanimously recommends this
transaction to the City Council,
NOW THEREFORE BE IT RESOLVED as follows:
Section 1 . The Termination Of Lease document for Agreement #1728 is hereby approved.
Section 2. Lease Agreement No. for Parcel 95-4 is hereby approved.
Section 3. Resolution No. 18680 and Agreement No. A3561 which provided for an option
to another party with said option period expiring, are hereby rescinded.
ADOPTED this 15th day of November , 1995.
AYES: Members Kleindienst, Lyons, Reller-Spurgin. and Mayor Maryanov
NOES: None
ABSENT: Member Hodges
' ATTE T: C Y M SP G ALIFORNIA
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City Clerk City Manager
REVIEWED & APPROVED AS TO FORM / I�
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