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HomeMy WebLinkAbout4932 RESOLUTION NO. 4 ,932 A RESOLUTION AUTHORIZING AN AMENDMENT TO THE PARKING LEASE AGREEMENT BETWEEN THE CITY OF LITTLE ROCK, LITTLE ROCK MUNICIPAL PARKING AUTHORITY AND CAMELOT INN-LITTLE ROCK, INC. ; AND FOR OTHER PURPOSES BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS . SECTION 1. The Mayor and City Clerk, acting for and on behalf of the City of Little Rock are hereby authorized to execute a First Supplemental Agreement to Parking Lease Agree- ment between the City of Little Rock and the Little Rock Municipal Parking Authority , as Lessor, and Camelot Inn-Little Rock, Inc. , as Lessee, which said Supplemental Agreement shall be in form and substance as follows : FIRST SUPPLEMENTAL AGREEMENT TO PARKING LEASE AGREEMENT BY AND BETWEEN THE CITY OF LITTLE ROCK, ARKANSAS AND THE LITTLE ROCK MUNICIPAL PARKING AUTHORITY, HEREIN COLLECTIVELY CALLED "CITY" AND CAMELOT INN - LITTLE ROCK, INC. This First Supplemental Agreement to Parking Lease Agree- ment by and between the City of Little Rock, Arkansas and the Little Rock Municipal Parking Authority, herein collectively called "City" and Camelot Inn - Little Rock, Inc. , herein called "Camelot", W I T N E S S E T H WHEREAS, the parties hereto entered into a Parking Lease Agreement dated February 17 , 1971 (herein referred to as "the Lease") wherein Camelot leased from City 205 parking spaces in an off-street parking facility constructed in conjunction with the Convention Center Complex adjacent to and together with the Robinson Auditorium in the City of Little Rock, Ark- ansas and was granted together therewith certain rights , licenses and privileges; and WHEREAS, the parties desire to provide the 205 parking spaces leased to Camelot at locations throughout the parking deck instead of providing the spaces in a fixed area as con- templated by the Lease. NOW, THEREFORE, the parties do hereby agree that that certain Lease Agreement between the parties dated February 17, 1971 be and the same is hereby supplemented and modified. I The 205 parking spaces herein leased to Camelot shall be provided at various locations in the parking deck and be used in such a manner as are set out in the operating agreement promulgated pursuant to the provisions of Section 8 of the Lease. -2- II Except to the extent and where this supplement and modifi- cation provides to the contrary, all and each of the original Lease of the parties dated February 17, 1971 shall remain in full force and effect and be binding upon the parties. IN WITNESS WHEREOF, the City and Camelot have caused these presents to be signed and sealed this 20th day of February , 1973, in five counterparts. CITY OF LITTLE ROCK, ARKANSAS By al7/ :-;:_ ATTEST: Mayor City rk 9 LITTLE ROCK MUNICIPAL PARKING I AUTHORITY I By '- ', ATTEST: Chairm . L�)11 ( L?- dzlf,' , <c CAMELOT INN - LITTLE ROCK, INC. m By ATTEST: President Secr' tary 4 3- STATE OF ARKANSAS) ss ACKNOWLEDGMENT COUNTY OF PULASKI) On this 20th day of February , 1973 , before me a Notary Public , duly commissioned, qualified and acting, within and for the County and State aforesaid, appeared in person the within named W. H. Walters and Jane Czech, Mayor and City Clerk, respectively, of the City of Little Rock , Arkansas , a municipality of the State of Arkansas , to me personally known , who stated that they were duly authorized in their respective capacities to execute the foregoing instrument for and in the name of the City and further stated and acknowledged that they had signed , executed and delivered said foregoing instrument for the consideration, uses and .purposes therein mentioned and set forth. IN TESTIMONY WHEREOF, I have hereunto set my hand and official seal this 20th day of Feb uary , 1973 .. CY.XiiVjlt.0 Not y Public My commission expires : /1—/— 76 STATE OF ARKANSAS) ss ACKNOWLEDGMENT COUNTY OF PULASKI) • On this day of , 1973 , before me a Notary Public, duly commissioned , qualified and acting within and for the County and State aforesaid, appeared in person the within named ABE L. HESSER and JACK P. REVELL, President and Secretary, respectively, of Camelot Inn-Little Rock , Inc. , an Arkansas Corporation authorized to do business in the State of Arkansas , to me personally well known , who stated that they were duly authorized in their respective capacities to execute the foregoing instrument for and in the anme and behalf of said corporation , and further stated and acknowledted that they had so signed, executed and delivered said foregoing instrument for the consideration , uses and purposes therein mentioned and set forth. IN TESTIMONY WHEREOF, I have hereunto set my hand and official seal this day of , 1973 . Notary Public My commission expires : • • -4- STATE OF ARKANSAS) ss ACKNOWLEDGMENT COUNTY OF PULASKI) On this day of ' te "' , 1973 , before me, a Notary Public, duly commissioned, qualified and acting, within and for the County and State aforesaid, appeared in person the within named W. C. Knoop and Robert P. Taylor Chairman and Secretary, respectively, of the Little Rock Municipal Parking Authority, an administrative agency of the City of Little Rock , Arkansas , to me personally known, who stated that they were duly authorized in their respective capacities to execute the foregoing instrument for and in the name of the Little Rock Municipal Parking Authority and further stated and acknowledged that they had signed , execuged and delivered said foregoing instrument for the consideration, uses and purposes therein men- tioned and set forth. IN TESTIMONY WHEREOF, I have hereunto set my hand and official seal this /. ,C day of 2, t�r/ , 1973. Notary/Public My commission expires : • • • • -5- The foregoing First Supplemental Agreement by and between the City of Little Rock , Arkansas and the Little Rock Municipal Parking Authority, therein collectively called "City" and Camelot Inn - Little Rock , Inc. , therein called "Camelot" is • hereby acknowledged and approved by Worthen Bank & Trust Company of Little Rock , Arkansas , acting in its own behalf and for and on behalf of all other parties contractually interested in said Lease Agreement for whatsoever purpose . Dated this day of , 1973. WORTHEN BANK & TRUST COMPANY BY Authorized Officer ATTEST: -6- The foregoing First Supplemental Agreement by and between the City of Little Rock, Arkansas and the Little Rock Municipal Parking Authority, therein collectively called "City" and Camelot Inn - Little Rock, Inc. , therein called "Camelot" is hereby acknowledged and approved by Kin-Ark Corporation acting in its own behalf and for and on behalf of all other parties contractually interested in said Lease Agreement for whatsoever purpose. Dated this day of , 1973 . KIN-ARK CORPORATION BY Authorized Officer ATTEST : • • -7- SECTION 2 . This Resolution shall be in full force and effect from and after its adoption. ADOPTED: February 6, 1973 ATTEST: Q l (4441/ APPROVED: �// ieGG I:� City Clerk Mayor