HomeMy WebLinkAboutRES 92-008 6
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RESOLUTION
BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF BEAUMONT:
THAT the City Manager be and he is hereby authorized to execute an amendment to the
lease agreement with the Beaumont Art Museum for the Art Museum of Southeast Texas
substantially in the form attached hereto as Exhibit "A."
PASSED BY THE CITY COUNCIL of the City of Beaumont this the
day of , 1992.
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STATE OF TEXAS §
COUNTY OF JEFFERSON §
AMENDMENT TO LEASE -
WHEREAS, on the 30th day of December, 1986, the City of Beaumont, a
municipal corporation of the State of Texas, hereinafter referred to as "Landlord," whose
mailing address is P. O. Box 3827, Beaumont, Texas, 77704, and Beaumont Art Museum, a
Texas non-profit corporation, hereinafter referred to as "Tenant," whose mailing address is 500
Main Street, Beaumont, Texas, 77701, entered into a lease on property described in Exhibit
"A' attached hereto and made a part hereof for all purposes; and
WHEREAS, that lease in Article 5 provided that during the fifth year of the term
of said lease the parties were to revise the monthly payments under said lease for the sixth
through the tenth years of said lease by written agreement; and
WHEREAS, insurance provisions need to be amended and a maintenance provision
should be added;
NOW, THEREFORE, in accordance with said provision, the parties, Landlord and
Tenant, agree as follows:
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Article 5, Section 5.2, of the lease agreement herein described between Landlord
and Tenant is hereby amended to read as follows:
So long as Tenant operates an art museum upon the leased premises
open to the public, during the term of this lease, Landlord agrees to
EXHIBIT "All
i
pay to Tenant the sum of Thirteen Thousand Seven Hundred Fifty
Dollars ($13,750) per month commencing on the 1st day of January,
1992.
Article 10.1 of the lease agreement herein described between the Landlord and
Tenant is hereby amended to read as follows:
"Article 10 - Insurance
1110.1 Landlord shall include the leased premises as a covered
premises under its policy of property insurance as said coverage shall
exist for other city properties. Tenant understands that such insurance
contains a deductible provision and that the coverages and amounts of
such deductibles may change from time to time. Tenant and Landlord
shall receive the proceeds of such policy of insurance in accordance
with Paragraph 9 hereof. Landlord shall have the option to cover
losses under such policy of property insurance which fall under the
deductible amounts of such policy."
III.
There is hereby added to the lease agreement herein described between Landlord
and-Tenant a new Article 18 to read as follows:
"Article 18 -'Maintenance
"During the term of this lease agreement Tenant shall be responsible
for all maintenance, both building and grounds, of the leased premises.
In consideration for such building and grounds maintenance, Landlord
hereby agrees to make a one-time payment of$18,750, the receipt and
sufficiency of which is hereby acknowledged by the Tenant."
IN WITNESS WHEREOF, Landlord and Tenant have executed or caused to be
executed by their duly authorized officers or agents this lease amendment and by execution
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hereof hereby republish and affirm the provisions of the lease agreement between the parties
described herein.
THE CITY OF BEAUMONT
By:
City Manager
ATTEST:
Date:
City Clerk
BEAUMONT ART MUSEUM
By:
Its President
ATTEST:
Date:
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