HomeMy WebLinkAbout1979-18 Approving the Lease Arrangement with Rocky Mountain Travel Company for that Counter Space Located on Level 4 of the Vail Transportation Centeri ~ ~~
RESOLUTION No. I~
Series of 1979
A RESOLUTION OF THE TOWN COUNCIL
APPROVING THE LEASE ARRANGEMENTS
BETWEEN THE TOWN OF VAIL AND ROCKY
MOUNTAIN TRAVEL COMPANY FOR THAT
COUNTER SPACE LOCATED ON LEVEL
4 OF THE VAIL TRANSPORTATION CENTER
WHICH I5 CURRENTLY AVAILABLE FOR
LEASING; AUTHORISING THE TOWN MANAGER
TO EXECUTE THE LEASE OR OTHER REQUIRED
DOCUMENTS TO COMPLETE THIS TRANSACTION;
DIRECTING THE TOWN CLERK TO ATTEST A
SAID EXECUTION AND TO AFFIX THE TOWN
SEAL TO THE LEASE; AND SETTING FORTH
DETAILS RELATING THERETO.
WHEREAS, the Town of Vail presently had counter space
available in the Vail Transportation Center located on the
4th level thereof; and,
WHEREAS, a Rocky Mountain Travel Company has proposed
to the Town a lease arrangement for said space; and,
WHEREAS, the Town Council has considered said proposal
and believes it to be in the best interest of the Town of Vail
and hereby authorizes the execution and completion of said
lease arrangement;
NDW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE
TOWN OF VAIL, COLORADO, THAT;
Section 1. The Town Manager of the Town of Vail and Rocky
Mountain Travel Company have reached a tentative agreement for
the leasing of certain counter space on level 4 of the Vail
Transportation Center from the Town of Vail to Rocky Mountain
Travel Company. The terms of that lease arrangement have been
specified on a memorandum from the Town Manager to the Town
Council which is attached hereto and by this reference made
a part hereof.
Section 2. The Town Council hereby approves said proposed
lease arrangement and authorizes and direct the Town Manager
to enter into and execute a lease agreement for the specified
counter space in accordance with the herein approved terms and
conditions.
Section ~. The Town Clerk is hereby authorized and directed
to attest ts~ said signature and affix the Town Seal to the lease
agreement as executed by the Town Manager.
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Reso~.ut~,on No.Page 2
INTRODUCED, READ, APPROVED, AND ADOPTED, THIS
day of .~L3 ~- ~/ , 1979 .
ATTEST:
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Mayor '
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Town C erk
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IOWA Of V811 box Tao + vail, Colorado e~ssi ~ aoa•a~s•ss~s
MEMORANDUM
Ta: Town Council
From: Richard Caplan
Re: 'tacky Mountain Travel Company request for
commercial space at Transportation Center.
Date: July 2, 1979
Rocky Mountain Travel Company has requested the use
of commercial space at the Transportation Center vacated
by the eviction of Vail Booking and Ticket Agency. They
are a reservations service making arrangements for ac~
comodations, transportation and recreational activities.
Their main office would remain at Crossroads and the
counter space at the Transportation Center would serve
as a reservations counter. Rocky Mountain Travel Company
has been in business for a little over one year here in
Vail.
The lease has not been drafted but the following
provisions have been agreed to:
1, The purpose is to provide commercial space for
all types of reservations.
2, Contract term will be for two years with a 3
year option to fallow.
3. Lease rent will be $1.50 per square foot for
approximately $0 square feet.
4. Commission will be 1.5~ of gross revenues.
Minimum commission for year 1 will be 1,5~ of
250,000, far year two $400,000.
5. Lease rent wi11 increase if 3rd year option is
exercised,
6. Hours of operation will be a minimum of S hours
daily.
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