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September 21, 1989 # 285 RESOLUTION
(CARRIED LOST LAID OVER WITHDRAWN )
PURPOSE: APPROVE LEASE MODIFICATION FOR CONCESSION
CONTRACT/MENOMINEE PARK REETZ COMPLEX
INITITATED BY: PARKS DEPARTMENT
BE IT RESOLVED by the Common Council of the City of Oshkosh that
the 1987 lease for concession stand at Menominee Park Reetz Softball
Complex is amended by revising Exhibit "B" as follows:
Exhibit "B" Payment Schedule
Tenant agrees to pay to the City a total of Ten Thou-
sand dollars ($10, 000. 00) in annual installments of Two
Thousand dollars ($2 , 000. 00) except that for the �ear ending
1989 and each year ending thereafter the annual installment
shall be One Thousand Dollars ($1, 000. 00) until paid in
full. The payment shall be made annually on or before
September 30 of each year payment is due.
In the event the tenant defaults in payment of the
lease and does not cure the default prior to the succeeding
January 1, this lease shall immediately terminate.
BE IT FURTHER RESOLVED that the balance of the terms and
provisions of the lease shall remain in full force and effect.
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