HomeMy Public PortalAboutRES-CC-2005-27RESOLUTION #27-2005
A RESOLUTION APPROVING THE GOLF COURSE LEASE AGREEMENT
AMENDMENT NUMBER ONE
WHEREAS, Moab City desires to amend the lease agreement entered into with
the Moab Country Club on April 12, 2005 for the purpose of operating and maintaining a
golf course and;
WHEREAS, the lease agreement amendment number one attached to this
resolution has been presented to this meeting of the Moab City Council and;
NOW, THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF
MOAB CITY THAT:
The Lease Agreement Amendment Number One as presented to the Moab City
Council at this Meeting is hereby approved and shall be executed by and
delivered to the appropriate officials.
This resolution shall take effect immediately upon passage.
PASSED AND APPROVED in open Council by a majority vote of the Governing Body
of Moab City Council this 20th day of December, A.D., 2005.
SIG
ATTEST: David L. Sakrison, Mayor
Rachel Ellison, Recorder
Resolution #27-2005
Page 1 of 1 December 20, 2005
GOLF COURSE LEASE AGREEMENT
AMENDMENT NUMBER ONE
For good and valuable consideration, The City of Moab, a Utah Municipality, and Moab Country
Club mutually agree to a modification of the Golf Course Lease Agreement, dated April 12, 2005, as
follows:
Sections 10 and l lof the lease agreement are hereby terminated and the
proceeding sections shall be sequentially renumbered.
10. The Lessee shall pay to Lessor a sum equal to a 1.5 percent of the annual gross
revenue from all annual operating revenue. Said sum shall be paid by June 1 of each
this Agreement shall be made by June 1, 2005.
11. The phrase "annual gross revenue from all annual operating revenue" shall be
defined as revenues from all green fees, equipment rental, equipment storage, gross,
conducted by the Lessee under the provisions of Paragraph 3 above, in any given
calendar year.
LESSOR:
EST:
APPROVED AND ACCEPTED ON THIS 20TH DAY OF DECEMBER, 2005.
CITY OFOAB, UTAH
By:
Rachel Ellison, City Recorder David L. Sakrison, Mayor
LESSEE:
State of Utah
County of Grand
On the `a n� day of
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MOAB COUNTRY CLUB
By:
i 'Meador, Preside t
4_11A- , ,xso(c personally appeared before me
, who duly acknowledged to me that they executed the same.
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