HomeMy WebLinkAboutResolution No. 530-15 - LeaseAmendment.AGDAirportHotelRESOLUTION
BE IT RESOLVED by the Common Council of the City of Rochester that the City approve
and execute the Second Amendment to Ground Lease Agreement with AGD Airport Hotel Limited
Partnership, and CLT Investments, LLC, for the property where Americlnn Hotel is located in order
to extend the term through 7/1/2064 with annual rent increases.
BE IT FURTHER RESOLVED that the City approve and execute the Consent to
Assignment for the Ground Lease Agreement with AGD Airport Hotel Limited Partnership and CLT
Investments, Inc., for the property where the Americlnn Hotel is located.
The Mayor and City Clerk are authorized and directed to execute these documents on
behalf of the City.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS
ATTEST:
CITY CLERK
DAY OF , 2015.
PRESIDENT OF SAID COMMON COUNCIL
APPROVED THIS DAY OF
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)
Res15WirportWgree.3
2015.