HomeMy WebLinkAbout18933 - RESOLUTIONS - 11/20/1996 RESOLUTION NO. 18933
APPROVING A TERMINATION LEASE
AGREEMENT #1728 WITH CAROLE SCHUTZ,
AND APPROVING A NEW LEASE AGREEMENT
# 3742 WITH AMR COMBS, INC. FOR THE
HANGAR FACUTY LOCATED AT 424 N. CIVIC '
DRIVE.
WHEREAS the City of Palm Springs presently has a lease with Carole Schutz for a hangar
facility located at 424 North Civic Drive, Palm Springs, California, Lease Agreement No. 1728;
and
WHEREAS the leasehold has an encumbrance to Liberty National Elank and the City is owed
back rents in excess of $20,000; and
WHEREAS AMR Combs, Inc. has made an offer to purchase the facility; however, for the
transaction to be completed, Liberty National Bank and the City must both agree to partial
debt forgiveness; and
WHEREAS the new lease to AMR Combs, Inc. will allow for an old vehicle maintenance
facility to be removed from the sight of all taxiing aircraft arrivals,
NOW THEREFORE BE IT RESOLVED AS FOLLOWS:
Section 1 . Termination of Lease Agreement #1728 with Carole Schutz, which provides for
a forgiveness of the delinquent rent up to $12,000, is hereby approved.
Section 2. Lease Agreement # 3742 is hereby approved with AMR Combs, Inc. in a ,
final form approved by the City Attorney.
Section 3. The City Clerk shall send certified copies of this Resolution and Termination
Agreement # to the escrow company; company yet to be. named.
ADOPTED this 20th day of November '1996.
AYES: Members Barnes, Flodges, Oden, Spurgin and Mayor K]eindienst
NOES: None
ABSENT: None
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
City Clerk City Manager
REVIEWED & APPROVED AS TO FORM_
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