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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. i Reso~.ut~,on No.Page 2 INTRODUCED, READ, APPROVED, AND ADOPTED, THIS day of .~L3 ~- ~/ , 1979 . ATTEST: i ~:, Mayor ' i Town C erk r w a 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. r