Lease Agree - DRA & Casino Hotel
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MEMORANDUM
March 28, 2005
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: First Amendment to Amended and Restated Lease Agreement Between
the City of Dubuque and the Dubuque Racing Association, L TO and
Second Amendment to Lease Agreement Between the City of Dubuque
and Dubuque Casino Hotel, L.L.C.
Corporation Counsel Barry Lindahl recommends City Council approval of the First
Amendment to Amended and Restated Lease Agreement Between the City of Dubuque
and the Dubuque Racing Association, L TO and Second Amendment to Lease
Agreement Between the City of Dubuque and Dubuque Casino Hotel, L.L.C. These
amendments are necessary now that the exact footprint of the Hilton Hotel has been
determined.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
MCVM/jh
Attachment
cc: Barry Lindahl, Corporation Counsel
Cindy Steinhauser, Assistant City Manager
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BAR R Y A. L I N 0 A H L, E S
CORPORATION COUNSE , CITY OF DUBUQUE
MEMO
To:
Michael C. Van Milligen
City Manager
DATE:
March 25, 2005
RE:
First Amendment to Amended and Restated Lease Agreement
Between the City of Dubuque and the Dubuque Racing
Association, L TO and Second Amendment to Lease Agreement
Between the City of Dubuque and Dubuque Casino Hotel, L.L.C.
Mike:
Attached are Amendments to the two leases at Greyhound Park, one with the Dubuque
Racing Association, and one with Dubuque Casino Hotel, L.L.C. At the time the leases
were approved by the City Council, the exact footprint of the Hilton Hotel, and
corresponding legal description, had not yet been determined. Now that the footprint
has been surveyed and a legal description provided, the leases should be amended.
I recommend that these two lease amendments be submitted to the City Council for
approval.
Attachment
cc: Cindy Steinhauser, Assistant City Manager
Brian Kane, Esq.
Steve Krumpe, Esq.
Wayne Norman, Esq.
SUITE 330, HARBOR VIEW PLACE, 300 MAIN STREET DUBUQUE, IA 52001-6944
TELEPHONE (563) 583-4113/ FAX (563) 583-1040/ EMAIL balesq@cityofdubuque.org
FIRST AMENDMENT
TO
AMENDED AND RESTATED
LEASE AGREEMENT
BETWEEN
THE CITY OF DUBUQUE, IOWA
AND
DUBUQUE RACING ASSOCIATION, LTD.
This FIRST AMENDMENT TO LEASE AGREEMENT is dated for
reference purposes this _ day of , 2005.
Whereas, the City of Dubuque (City) and Dubuque Racing Association,
LTD. (Association) are parties to an Amended and Restated Lease Agreement
dated for reference purposes the 31st day of March, 2004; and
Whereas, the parties now desire to further amend the Amended and
Restated Lease Agreement as set forth herein.
NOW, THEREFORE, City and Association, agree as follows:
1. Par. 2 of the Amended and Restated Lease Agreement is amended by
adding at the end thereof the following:
Notwithstanding the foregoing, the Leased Premises shall not include that
area shown on Exhibit A-1 attached hereto and made a part hereof.
CITY OF DUBUQUE, IOWA
By:
Terrance M. Duggan, Mayor
DUBUQUE RACING ASSOCIATION, LTD.
By:
Its President
CONSENT TO AMENDMENT
American Trust & Savings Bank consents to the foregoing First
Amendment to Amended and Restated Lease Agreement this _ day of
, 2005, and further releases the property described on Exhibit A-1,
attached hereto, from the lien of the Assignment of Lease Agreement among
American Trust & Savings Bank, Dubuque Racing Association and City of
Dubuque, Iowa, dated June 15, 2004, recorded June 16, 2004, as Instrument No.
10636-04, records of Dubuque County, Iowa.
AMERICAN TRUST & SAVINGS BANK
By:
Victoria J. Richter
Second Senior Vice President
Exhibit A-1
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Sheet 2 of 3
Lee:al Description for Dubuque Casino Hotel. L.L.C.
A parcel of land lying within the Southeast Quarter of Fractional Section 18, Township 89 North,
Range 3 East of the 5th Principal Meridian, Dubuque County, Iowa, more particularly described.
as follows:
Commencing at the Southeast comer of said Fractional Section 18 (the South line of the
Southeast Quarter of Fractional Section 18 bears North 88 degrees 37 minutes 17 seconds East
for the purposes of this description);
Thence North 51 degrees 42 minutes 10 seconds West, 1642.95 feet, to the point of beginning;
Thence North 64 degrees 38 minutes 50 seconds West, 98.25 feet;
Thence North 25 degrees 21 minutes 10 seconds East, 85.67 feet;
Thence South 64 degrees 38 minutes 50 seconds East, 27.46 feet;
Thence North 25 degrees 21 minutes 10 seconds East, 51.08 feet;
Thence North 64 degrees 38 minutes 50 seconds West, 22.29 feet;
Thence Northeasterly, 45.81 feet along the arc of a circular curve concave to the Southeast,
having a radius of 25.00 feet, a central angle of 104 degrees 58 minutes 10 seconds, and whose
chord bears North 25 degrees 21 minutes 10 seconds East, 39.67 feet;
Thence South 64 degrees 38 minutes 50 seconds East, 22.29 feet;
Thence North 25 degrees 21 minutes 10 seconds East, 92.33 feet;
Thence South 64 degrees 38 minutes 50 seconds East, 70.00 feet;
Thence South 25 degrees 21 minutes 10 seconds West, 44,67 feet;
Thence South 64 degrees 38 minutes 50 seconds East, 213.83 feet;
Thence South 25 degrees 21 minutes 10 seconds West, 102,00 feet;
Thence South 64 degrees 38 minutes 50 seconds East, 118,56 feet;
Thence South 25 degrees 21 minutes 10 seconds West, 17.42 feet;
Thence North 64 degrees 38 minutes 50 seconds West, 182.81 feet;
Thence South 25 degrees 21 minutes 10 seconds West, 59.75 feet;
Thence North 64 degrees 38 minutes 50 seconds West, 38.17 feet;
Thence South 25 degrees 21 minutes 10 seconds West, 41.33 feet;
Sheet 3 00
Thence North 64 degrees 38 minutes 50 seconds West, 24.17 feet;
Thence North 25 degrees 21 minutes 10 seconds East, 41.33 feet;
Thence North 64 degrees 38 minutes 50 seconds West, 38.17 feet;
Thence North 25 degrees 21 minutes 10 seconds East, 52.35 feet;
Thence North 64 degrees 38 minutes 50 seconds West, 48.29 feet;
Thence South 25 degrees 21 minutes 10 seconds West, 97.26 feet, to the point of beginning.
Containing 1.317 acres (57,364 square feet), more or less, and subject to easements, reservations,
restrictions, and rights-of-way of record and not of record.
SECOND AMENDMENT
TO
LEASE AGREEMENT
BETWEEN
THE CITY OF DUBUQUE, IOWA
AND
DUBUQUE CASINO HOTEL, L.L.C.
This SECOND AMENDMENT TO LEASE AGREEMENT is dated for
reference purposes this _ day of , 2005.
Whereas, the City of Dubuque (City) and Dubuque Casino Hotel, L.L.C.
(Hotel) are parties to a Lease Agreement dated for reference purposes the 6th
day of July 2004; and
Whereas, the parties now desire to amend the Lease Agreement as set
forth herein.
NOW, THEREFORE, City and Hotel agree as follows:
1. Par. A of the Lease Agreement is amended to read as follows:
A. Lessor is the owner of that certain real estate described
on Exhibit A-1 attached hereto and by this reference made a part
hereon, which Lessor desires to lease to Lessee, and Lessee
desires to lease from Lessor (the "Demised Premises"); and
CITY OF DUBUQUE, IOWA
By:
Terrance M. Duggan, Mayor
DUBUQUE CASINO HOTEL, L.L.C.
By:
Its
Exhibit A-1
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Sheet 2 of 3
Leeal Description for DubuQue Casino Hotel. L.L.C.
A parcel of land lying within the Southeast Quarter of Fractional Section 18, Township 89 North,
Range 3 East of the 5th Principal Meridian, Dubuque County, Iowa, more particularly described
as follows:
Commencing at the Southeast corner of said Fractional Section 18 (the South line of the
Southeast Quarter of Fractional Section 18 bears North 88 degrees 37 minutes 17 seconds East
for the purposes of this description);
Thence North 51 degrees 42 minutes 10 seconds West, 1642.95 feet, to the point of beginning;
Thence North 64 degrees 38 minutes 50 seconds West, 98.25 feet;
Thence North 25 degrees 21 minutes 10 seconds East, 85.67 feet;
Thence South 64 degrees 38 minutes 50 seconds East, 27.46 feet;
Thence North 25 degrees 21 minutes 10 seconds East, 51. 08 feet;
Thence North 64 degrees 38 minutes 50 seconds West, 22.29 feet;
Thence Northeasterly, 45.81 feet along the arc of a circular curve concave to the Southeast,
having a radius of 25.00 feet, a central angle of 104 degrees 58 minutes 10 seconds, and whose
chord bears North 25 degrees 21 minutes 10 seconds East, 39.67 feet;
Thence South 64 degrees 38 minutes 50 seconds East, 22.29 feet;
Thence North 25 degrees 21 minutes 10 seconds East, 92.33 feet;
Thence South 64 degrees 38 minutes 50 seconds East, 70.00 feet;
Thence South 25 degrees 21 minutes 10 seconds West, 44.67 feet;
Thence South 64 degrees 38 minutes 50 seconds East, 213.83 feet;
Thence South 25 degrees 21 minutes 10 seconds West, 102.00 feet;
Thence South 64 degrees 38 minutes 50 seconds East, 118,56 feet;
Thence South 25 degrees 21 minutes 10 seconds West, 17.42 feet;
Thence North 64 degrees 38 minutes 50 seconds West, 182.81 feet;
Thence South 25 degrees 21 minutes 10 seconds West, 59.75 feet;
Thence North 64 degrees 38 minutes 50 seconds West, 38.17 feet;
Thence South 25 degrees 21 minutes 10 seconds West, 41.33 feet;
Sheet 3 of 3
Thence North 64 degrees 38 minutes 50 seconds West, 24.17 feet;
Thence North 25 degrees 21 minutes 10 seconds East, 41.33 feet;
Thence North 64 degrees 38 minutes 50 seconds West, 38.17 feet;
Thence North 25 degrees 21 minutes 10 seconds East, 52.35 feet;
Thence North 64 degrees 38 minutes 50 seconds West, 48.29 feet;
Thence South 25 degrees 21 minutes 10 seconds West, 97.26 feet, to the point of beginning.
Containing 1.317 acres (57,364 square feet), more or less, and subject to easements, reservations,
restrictions, and rights-of-way of record and not of record.