Las Vegas City Commission Minutes, August 11, 1942 to December 30, 1946, lvc000005-478

The city reserves the right to pay at any time the difference between rentals paid to date and $20,000.00 and the Federal Government will deliver a quit claim deed. In the event the FWA accept this offer the City Manager is authorized to draw a warrant in the sum of $2,500.00 and the Mayor and City Clerk are authorized to sign this warrant for said lease agreement. Upon motion of Commissioner Bates, seconded by Commissioner Clark and carried by unanimous vote the foregoing Resolution was approved and adopted. Commissioner Clark moved that this meeting recess until 9:30 a.m. July 27, 1946. Las Vegas, Nevada July 27, 1946 Meeting reconvened at the hour of 9:30 a.m. with the following members present: His Honor Mayor E. W. Cragin; Commissioners Bates, Clark, Corradetti; City Manager T. E. Fennessy; and City Clerk Helen Scott Reed. Mr. David Oliver was also present. Absent: Commissioner Baskin. The following resolution was presented to the Board for their consideration: RESOLVED that the Mayor be authorized to negotiate rental of the federally owned system constructed by the FWA under project #26-116 located in the City of Las Vegas, Nevada and enter into a lease rental agreement with the FWA on the following basis: 1. That the city execute a lease rental agreement to be dated as of July 1, 1946 for a period of one year with automatic renewal, without notice, for successive periods of one year each but in no event beyond January 1, 1966. The city will reserve the right to terminate such agreement upon thirty days advance notice, in writing, to the FWA that the end of the original or any renewal term under the lease. 2. The city shall agree to pay rental as follows: $16,000.00 due January 1, 1947 which will cover rental for the system from the date it was turned over to the city to and including December 31, 1946 and pay $16,000.00 on January 1, 1948 to cover rental from January 1, 1947 through December 31, 1947, and thereafter on the 1st day of July and January it shall pay the sum of $8,000.00 representing rental for six month periods throughout the life of the agreement. The city will agree to maintain and operate the system during the life of the agreement at no expense to the Federal Government. There shall be incorporated in the lease rental agreement a provision giving the city the right to purchase the system on any rental payment date, provided all rentals due to and including such date have been duly paid on the following basis: 1. The purchase price shall be calculated on the basis of $320,000.00 less all rental paid to the date the option is exercised plus an amount equivalent to 3% interest on the unpaid balance. It being understood that interest which accrues from July 1, 1946 and no interest shall be computed or charged from the date the system was turned over to the city until July 30, 1946. It shall be further understood that the interest so computed shall not be considered due and payable until the date the city elects to exercise its option. On motion of Commissioner Bates, seconded by Commissioner Clark and carried by unanimous vote the foregoing resolution was approved and adopted. At this time Commissioner Clark asked to be excused. On motion of Commissioner Bates, duly seconded by Commissioner Corradetti and carried unanimously the following resolution was adopted and order made:. BE IT RESOLVED this 27th day of July, 1946 by the Board of Commissioners of the City of Las Vegas, County of Clark, State of Nevada that the deed acknowledged the 10th day of July, 1946 executed by Waale-Camplan & Thomas Incorporated and recorded in the Office of the County Recorder of the County of Clark, State of Nevada, July 12, 1946 as Instrument No. 228247 in Book 23, Miscellaneous Records of said Clark County, and conveying to the City of Las Vegas, County of Clark, State of Nevada, and that the real property described therein be, and is hereby accepted for the purposes and intentions as therein set forth and filed in the records of this Board. Commissioner Bates moved that the application of the Frontier Radio and Music Company for a license for three slot machines at the Swiss Village Cafe, 116 North 5th Street, be granted. Motion seconded by Commissioner Corradetti and carried by the following vote: Commissioners Bates, Corradetti and His Honor voting aye; noes, none; Absent: Commissioners Clark and Baskin. RESOLUTION: Re: Sewer System Lease Rental Agreement RESOLUTION—Accepting Deed for Drainage Right of Way SWISS VILLAGE— Gaming License