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HomeMy WebLinkAboutNathan Engelkes - Amendment to Lease and Security Agreement - 12/5/2005 -7� AMENDMENT TO LEASE AND SECURITY AGREEMENT This document is being executed by and between the City of Waterloo, Iowa, through the Waterloo Airport Board(hereinafter"Lessor") and Nathan Engelkes (hereinafter"Lessee"). This is an amendment to an original agreement that was executed by the parties in April of 2002. The parties agree that there has been a change of circumstances since the original lease agreement was executed in that the City has disposed of 4.78 acres of the original acreage described in the original lease agreement. Because of this, the payments to be made under the original lease agreement shall be reduced accordingly. That payment due December 1, 2005, shall be reduced by the sum of Two Hundred Seventeen and 49/100 Dollars ($217.49) and each payment due thereafter under the terms of the lease shall be reduced by a similar amount until the lease is further modified or terminated by agreement of the parties. The remaining portions of the lease shall remain in effect unchanged by this amendment. CITY OF WATERLOO, IOWA By: Timothy YUufley, May6r ATTEST: Nanc Ecke , City Clerk STATE OF IOWA ) ss. BLACK HAWK COUNTY ) On thisf h S day of bpcPr,-.6tv- 2005, before me, the undersigned, a Notary Public in and for the State of Iowa, personally appeared Timothy J. Hurley and Nancy Eckert, to me personally known, and who, being by me duly sworn, did say that they are the Mayor and City Clerk, respectively, of the City of Waterloo, Iowa; that the seal affixed to the foregoing instrument is the corporate seal of the corporation, and that the instrument was signed and sealed on behalf of the corporation by authority of its City Council as contained in the Resolution adopted by the City Council, under Council Action No. /a--)G 8`7 of the City Council on the 54' day of rjeC p».(re✓ 2005, and that Timothy J. Hurley and Nancy Eckert acknowledged the execution A the instrument to be their voluntary act and deed and the voluntary act and deed of the co oration, Dby it voluntarily executed. Nota Public in and for the Stat o Iowa M0/19 , e By: Nathan Engelkes STATE OF IOWA ) GRUNDY COUNTY ) This instrument was acknowledged before me on , 2005, by Nathan Engelkes. Notary Public in and for the State of Iowa