File #: 13-000251    Version: Name:
Type: Ordinance Status: Passed
File created: 3/8/2013 In control: City Council
On agenda: 3/19/2013 Final action: 3/26/2013
Title: Second Reading Ordinance - Lease agreement for operation of news and gift concession at City airport (1st Reading 3/19/13) Ordinance authorizing the City Manager, or designee, to execute a Long Term Lease Agreement ("Lease") with Host International, Inc. ("HMS Host") for the operation of a news and gift concession located at the Corpus Christi International Airport ("Airport"), in consideration of the greater of an annual minimum guarantee of $110,000 or a sum equal to ten percent (10%) of the HMS Host's gross receipts, for a term of five (5) years.
Sponsors: Aviation Department
Attachments: 1. Agenda memo - HMS Host, 2. Ordinance - HMS Host 3-7-13, 3. Lease - HMS Host, 4. Presentation - HMS Host
Title
Second Reading Ordinance - Lease agreement for operation of news and gift concession at City airport (1st Reading 3/19/13)
 
Ordinance authorizing the City Manager, or designee, to execute a Long Term Lease Agreement ("Lease") with Host International, Inc. ("HMS Host") for the operation of a news and gift concession located at the Corpus Christi International Airport ("Airport"), in consideration of the greater of an annual minimum guarantee of $110,000 or a sum equal to ten percent (10%) of the HMS Host's gross receipts, for a term of five (5) years.