File #: 14-001153    Version: Name:
Type: Ordinance Status: Passed
File created: 10/10/2014 In control: City Council
On agenda: 10/21/2014 Final action: 11/18/2014
Title: Second Reading Ordinance - Approving the Texas State Aquarium Lease-Purchase Agreement (1st Reading 10/21/14) (Requires 28 day delay between Readings) (Requires 2/3 vote) Ordinance authorizing the City Manager, or his designee, to execute a Lease-Purchase and Operating agreement including option to purchase with Texas State Aquarium Association ("TSAA") covering lots A-1, A-3, B, C and D, of the Texas State Aquarium Subdivision, together with leasehold rights for the adjacent parking areas; in consideration of TSAA maintaining the premises and improvements, operating a public aquarium and related facilities, TSAA's payments on debt service on the 1996 $4.4 million combination tax and revenue certificates of obligation, and TSA's $45 million dollar expansion of the aquarium facility; providing for severance; and providing for publication.
Sponsors: Interim Assistant City Manager
Attachments: 1. Agenda Memo - Texas State Aquarium Lease.pdf, 2. Ordinance- Texas State Aquarium Lease Agreement WSP.pdf, 3. TSAA Lease and Operating Agreement.pdf
Title
Second Reading Ordinance - Approving the Texas State Aquarium Lease-Purchase Agreement (1st Reading 10/21/14) (Requires 28 day delay between Readings) (Requires 2/3 vote)
Ordinance authorizing the City Manager, or his designee, to execute a Lease-Purchase and Operating agreement including option to purchase with Texas State Aquarium Association ("TSAA") covering lots A-1, A-3, B, C and D, of the Texas State Aquarium Subdivision, together with leasehold rights for the adjacent parking areas; in consideration of TSAA maintaining the premises and improvements, operating a public aquarium and related facilities, TSAA's payments on debt service on the 1996 $4.4 million combination tax and revenue certificates of obligation, and TSA's $45 million dollar expansion of the aquarium facility; providing for severance; and providing for publication.