HomeMy WebLinkAbout1981-01-06; City Council; 1237; Parking Authority lease & agmt0 e
OmINANCE NO. 1237
AN ORDINANCE OF THE CITY COUNCIL OF THE
CITY OF CAFUSBAD, CALIFORNIA, APPROVING
THE FORMAL ACT OF ENTERING INTO A LEASE
WITH THE PARKING AUTHORITY OF THE CITY
OF CARLSBAD
The City Council of the City of Carlsbad does ordain as
iollows :
SECTION 1. The lease by and between the City of Carlsbad
ind the Parking Authority of the City of Carlsbad, which agreement
LS a "public lease-back" as that term is defined by Government
:ode Section 54240(b), is approved. Three copies of the lease,
2ntitled "Lease Agreement'' (hereinafter "Agreement") , are on
Eile with the City Clerk of the City.
SECTION 2: The Mayor is hereby authorized to execute, and
the Clerk to attest, said Agreement, provided, however, that the
"base rent" required by Section 3 of the Agreement does not
exceed the amount specified in Paragraph 3 hereof.
SECTION 3: The "base rent" required by Section 3 of the
Agreement shall not exceed $200,000.
SECTION 4: This Ordinance shall be subject to referendum
pursuant to the provisions of the Election Code of the State of
California as the same relate to referenda.
EFFECTIVE DATE: This ordinance shall be effective thirty
days after its adoption, and the City Clerk shall certify to the
adoption of this ordinance and cause it to be published at least
once in the Carlsbad Journal within fifteen days after its
adoption.
INTRODUCED AND FIRST READ at a meeting of the Carlsbad City
:ouncil held on the 16th day of December , 1980 and
:hereafter
PASSED AND ADOPTED at a meeting of said City Council held
In the _I_ 6th day of Januarv , 1981, by the following vote, to wit:
AYES : Council Members Casler, Anear, Lewis and Kulchin
NOES : None
ABSENT : Counci 1 Member ,Packard
MARY H. CASLER, Vice-Mayor
kTTEST :
Z, City Cler