r-4029RESOLUTION N0. 4029
(CITY COUNCIL SERIES)
CONTRACT NO. 1688 -B (CCS)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SANTA MONICA AMENDING SECTION 5 OF CONTRACT
NO. 1688 (CITY COUNCIL SERIES)
THE CITY COUNCIL OF THE CITY OF SANTA MONICA DOES RESOLVE
AS FOLLOWS:
SECTION 1. Section 5 of Contract No. 1688 (City Council
Series) is hereby amended to read as follows:
"SECTION 5. Lease of Parcels with Completed
Structures.
The Authority hereby leases to the City each
of the several parcels described in the re-
citals hereof together with the parking struc-
ture constructed thereon. In the case of
each parcel and structure the term of the lease
shall commence on the date the structure is
substantially completed and is available for
use by the City for parking purposes and shall
terminate on January 31, 1994. The City agrees
to pay rent on parcels A through F with completed
structures thereon in the total amount of
$494,457.50 per year. Rental shall be paid
semiannually in advance on July lst and January
lst of each fiscal year."
SECTION 2. The clerk shall certify to the adoption of this
resolution and thenceforth and thereafter the same shall be in full
force and effect.
ADOPTED and APPROVED this 10th day of march , 1970.
ATTEST:
4 4`1, i- / Mayor
Clerk
Y hereby certify that the foregoing resolution was duly
adopted by the City Council of the City of Santa Monica at a
regular meeting thereof, held on the 10th day of
March
AYES:
NOES:
ABSENT:
, 1970, by the following vote of the Council:
Councilmen: Dituri, Hoover, Kingsley,
Wamsley, Spurgin
Councilmen: McCloskey
Councilmen: Reidy
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Clerk
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