HomeMy WebLinkAbout900804.tiff RESOLUTION
RE: APPROVE AMENDMENT TO LEASE AGREEMENT BETWEEN WELD COUNTY,
COLORADO, AND THE WELD LIBRARY DISTRICT BOARD OF TRUSTEES AND
AUTHORIZE CHAIRMAN TO SIGN
WHEREAS, the Board of County Commissioners of Weld County,
Colorado, pursuant to Colorado statute and the Weld County Home
Rule Charter, is vested with the authority of administering the
affairs of Weld County, Colorado, and
WHEREAS , the Board has been presented with an Amendment to
the Lease Agreement between Weld County, Colorado, and the Weld
Library District Board of Trustees, for the building located at
4th Street and Maple , Frederick, Colorado 80530 , and
WHEREAS, a copy of said Amendment to the Lease is attached
hereto and incorporated herein by reference, and
WHEREAS, after review, the Board deems it advisable to
approve said Amendment.
NOW, THEREFORE, BE IT RESOLVED by the Board of County
Commissioners of Weld County, Colorado, that the Amendment to the
Lease Agreement between Weld County, Colorado, and the Weld
Library District Board of Trustees be, and hereby is , approved.
BE IT FURTHER RESOLVED by the Board that the Chairman be, and
hereby is, authorized to sign said Lease Agreement.
The above and foregoing Resolution was, on motion duly made
and seconded, adopted by the following vote on the 5th day of
September, A.D. , 1990 .
nBOAR OF COUNTY COMMISSIONERS
ATTEST:/ �� WEL COUNTY, COLORADO
V�YILl /l/�/Led /�
Weld County Clerk to the Board �/C
- Ge R. Bran ner, Chairman
/� /�
BY: / iiL 42-Q c - l r,t_<.<<.� j Geo ge ennedy,, Pro-Tem
Deputy Clerk to t} e Board
APPROVED AS TO FORM: Constance L. Harbert
x�
C---->17‘ C.W.
G
County Attorney EXCUSED
Gordon E. Lacy
900804
AMENDMENT TO LEASE
WHEREAS, on October 21, 1987, THE BOARD OF COUNTY COMMISSIONERS OF
WELD COUNTY, COLORADO, hereinafter referred to as "Landlord" , and THE WELD
LIBRARY DISTRICT BOARD OF TRUSTEES, hereinafter referred to as "Tenant" ,
entered into a lease agreement for a building located at 4th Street and
Maple, Frederick, Colorado, and
WHEREAS, Section I - Term reads as follows:
The term of this Lease Agreement shall commence on the first day
of December, 1987, and shall continue for a period of five years whereupon
on the thirty-first day of December, 1992, it shall automatically
terminate by its own terms unless, at least one hundred eighty (180) days
prior to the expiration date and in accordance with Section VI , the
Landlord and Tenant agree, in writing, to extend the term of such Lease
Agreement, and
WHEREAS, both parties desire to amend Section I - Term nunc pro tune
to July 18, 1988, to read as follows:
The term of this Lease Agreement shall commence on the first day
of December, 1987, and shall be automatically renewed each year unless
terminated by either party ninety days prior to year end. If lease is
terminated by Landlord, the Landlord shall repay Tenant the difference
between current appraised value determined by an agreed upon third party
appraiser, and rental payments to date less interest of 7.616% annually
on a $99,052.33 principal amount amortized over a ten year period.
WHEREAS, Section II - Rental reads as follows:
The rent to be paid by the Tenant to the Landlord for the above-
described premises shall be at the rate of EIGHT HUNDRED AND THIRTY-FOUR
DOLLARS ($834.00) per month, payable on the first day of each month this
Lease Agreement is in effect.
WHEREAS, both parties desire to amend Section II - Rental nunc pro
tune to July 18, 1988, to read as follows:
The rent to be paid by the Tenant to the. Landlord for the above-
described premises shall be at the rate of TWENTY-FOUR THOUSAND, FIVE
HUNDRED, FIFTY NINE DOLLARS ($24,559.00) per year for five years beginning
in 1988, and then beginning January 1, 1993, the rate shall be ONE DOLLAR
($1.00) per year thereafter.
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IN WITNESS WHEREOF, the parties hereto have caused this Lease
Agreement Amendment to be executed as of September 5, 199O, nunc pro tunc,
to July 18, 1988.
LANDLORD:/011ATTEST: BOARD OF C UNTY COMMISSIONERS
WELD C / , CCO/LLOORAD
Weld County Clerk to the Board By://) �%I�LE K.
cl Chairman
BY I ttf, hi -17 kith
Deputy (9lerk to the Board
TENANT: BOARD OF TRUSTEES
ATTEST: WELD LIBRARY DISTRICT
By:
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