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HomeMy WebLinkAbout2019-03 First Amendment to Lease between TOV and VRD RESOLUTION NO.3 Series of 2019 A RESOLUTION APPROVING A FIRST AMENDMENT TO LEASE BETWEEN THE TOWN OF VAIL AND THE VAIL PARK AND RECREATION DISTRICT WHEREAS, the Town and the Vail Park and Recreation District (the "District") entered into a Lease on July 18, 2008 (the "Lease"); WHEREAS, the Town and District have agreed to amend the Lease as set forth herein, to remove reference to the Vail Nature Center and to update the Lease exhibits; and WHEREAS, the Town Council's approval of this Resolution is required to approve the First Amendment to Lease (the"First Amendment"). NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO THAT: Section 1. The Town Council hereby approves the First Amendment and authorizes the Town Manager to execute the First Amendment on behalf of the Town in substantially the same form as attached hereto as Exhibit A and in a form approved by the Town Attorney. Section 2. This Resolution shall take effect immediately upon its passage. INTRODUCED, PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Vail held this 8th day of January 2018. hi.iaveCha.‘ , Town Mayor ATTEST: c--\) gop OP if Tarr_ ' .r 4 iAWki (iv Via. Q FIRST AMENDMENT TO LEASE THIS FIRST AMENDMENT TO LEASE (the "Amendment") is entered into this day of , 2019 (the "Effective Date"), by and between the TOWN OF VAIL, a Colorado home rule municipality (the "Town"), and VAIL PARK AND RECREATION DISTRICT, a Colorado special district (the "District") (each a "Party" and collectively the "Parties"). WHEREAS, the Parties entered into a Lease on July 18, 2008 (the "Lease"); and WHEREAS, the Parties have agreed to amend the Lease as set forth herein. NOW, THEREFORE, in consideration of the mutual promises and conditions herein contained, the Parties covenant and agree and follows: 1. Section 2 of the Lease is hereby amended to remove subsection (b), the Nature Center, from the definition of Leased Premises. 2. Exhibit A to the Lease is hereby deleted and replaced with the Exhibit A attached to this Amendment. 3. All remaining provisions of the Lease shall remain in full force and effect. IN WITNESS WHEREOF, the Parties have executed this Amendment as of the Effective Date. TOWN OF VAIL Greg Clifton, Town Manager ATTEST: Tammy Nagel, Town Clerk VAIL PARK AND RECREATION DISTRICT ATTEST: 1/3/2019 IIVWS-STORAGEIDESKTOPS$ITNAGELIDESKTOPIVRD LEASE AMEND-A122018.DOCX — SE.�RB g$°f E u 284EE lig=G1 — E $ 81;1 $ 8 U i i°` !..-ii s C CD 4. a w n _ gsr CTS a µ5i L. T! 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