1995-154J:\WPDOCS\ORD\NCTCAMEN.ORD
AN ORDINANCE OF THE CITY OF DENTON, TEXAS, AUTHORIZING THE CITY
MANAGER TO EXECUTE AMENDMENT NO. 1 TO AN AGREEMENT BETWEEN THE CITY
OF DENTON AND THE NORTH CENTRAL TEXAS COLLEGE (NCTC) FOR THE
PURPOSE OF ALLOWING FOR THE CONSTRUCTION OF PARKING IMPROVEMENTS IN
THE VICINITY OF NCTC CAMPUS, AUTHORIZING THE EXPENDITURE OF FUNDS
THEREFOR; AND PROVIDING AN EFFECTIVE DATE.
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION I. That the City Manager is hereby authorized to
execute Amendment No. 1 to an Agreement between the City of Denton
and the North Central Texas College for the purpose of allowing for
the construction of parking improvements ("Agreement"), a true and
correct copy of which is attached hereto and incorporated by
reference herein.
SECTION II. That this ordinance shall become effective
immediately upon its passage and approval.
PASSED AND APPROVED this the __/~ay of ~ ,
1995.
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
API~OVED AS TO LEGAL FORM:
HERBERT L. PROUTY CITY ATTORNEY
AMENDMENT NO. 1 TO THE LEASE BETWEEN THE CITY OF DENTON AND NORTH
CENTRAL TEXAS COLLEGE (formerly Cooke County College) FOR
CLASSROOM OFFICE SPACE IN THE DENTON MUNICIPAL COMPLEX (formerly
the old Moore building)
WHEREAS, increased enrollments at the North Central Texas
College (NCTC) Denton Campus has created a need for additional
parking facilities at such campus; and
WHEREAS, the City of Denton (City) has obtained additional
parking lease property from the Missouri Pacific Railroad in the
vicinity of the Denton Municipal Complex (DMC) (601E. Hickory) for
the purpose of enlarging the parking facilities of NCTC and meeting
future needs of the City;
WHEREAS, NCTC and City desire to amend their existing lease
dated June 2, 1992, to allow for the construction of parking
improvements in the vicinity of NCTC campus; NOW THEREFORE, the
parties agree:
Section 1. That the terms and provisions of the lease between
the City and NCTC of June 2, 1992, regarding the facilities
referenced above, is hereby amended so that the following
designated sections shall hereafter read as follows:
A. That Section 2.04 of Article II entitled "Leased Property;
Common Areas and Parking" shall hereafter read as follows:
2.04 Parking Area. The City shall furnish to NCTC vehicular
parking space for NCTC's employees, students, and guests. The City
shall provide NCTC with a maximum of 170 decal parking spaces at a
monthly cost of $833.33 ($10,000.00 annually), effective September
1, 1995 through the end of this lease. The location of the
designated parking may be changed from time to time by the City on
prior written notice to NCTC. The City may adopt and enforce
written regulations regarding the user of the parking areas
provided to NCTC. The City shall provide lighting for the parking
area as agreed to by the parties.
B. That Sections 4.01 and 4.02 of Article IV entitled
"Rentals and Payments" shall hereafter read as follows:
4.01 Beginning Rent. NCTC shall pay to the City monthly
rentals (based on an annual rate of $7.00 per square foot) of
$7,000.00 per month ($84,000.00 per year) through July 31, 1996 for
the leased property. In addition, NCTC shall pay to the City
$833.33 per month ($10,000.00 annually) for 170 decal parking
spaces. The parking payment shall continue through June 1, 2002.
4.02 Adjusted Rental. Beginning on August 1, 1996, and to the
end of the lease term, NCTC shall pay to the City monthly rentals
(based on an annual rate of (7.50 per square foot) of $7,500.00 per
month ($90,000.00 per year), for the leased property.
Section 2. That in all other respects, the terms and
conditions of the Lease shall continue to be in full force and
effect.
EXECUTED on this the /~day of~, 1995
CITY OF DENTON, TEXAS
ATTEST: BOB CASTLEBERRY, MAyR~
JENNIFER WALTERS, CITY SECRETARY
/
HERBERT L. PROUTY, CITY ATTORNEY
T~XAS COLLEGE
BY /~"'~c~.. ~[ ~'~k/ ~t.~ 'f,~
~NNIE dL~S~6CK, PR~S I~
ATTEST:
BY
SECRETARY
E: \WPDOCS\K\NCTC .AME
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