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Res 1986-114
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Res 1986-114
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8/28/2007 8:42:16 AM
Creation date
8/28/2007 8:42:16 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Lease
Number
1986-114
Date
9/22/1986
Volume Book
82
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<br /> -4- <br /> 7. Maintenance. <br /> Maintenance of the runways, taxi-ways, entrance roads, driveways, <br /> existing parking lots, leading to and/or contiguous to the demised <br /> property, and unoccupied property of the San Marcos Municipal Airport <br /> except for the premises demised and leased by Lessee shall remain the <br /> obligation of the Lessor; provided, however, that Lessor shall only be <br /> obligated to use airport revenue funds for such purposes and it shall <br /> never have the obligation to use general, operating or bond funds for <br /> this purpose. <br /> 8. Covenants of Lessor. <br /> Lessor agrees that all airport revenue derived from Lessee and any <br /> other user of the property should be allocated toward the maintenance <br /> 0 f the San Marcos Municipal Airport and improvements thereof; provided, <br /> however, that this requirement shall not be considered mandatory upon <br /> the Lessor unless it is so required by existing indenture or agreement <br /> with Federal Governments or any amended or substitute indentures and <br /> Ag reemen ts here ina fter entered into with the Federal Government. <br /> 9. Covenant of Title, Authority and Quiet Possession. <br /> <br /> Lessor represents and warrants that Lessor has full right and <br /> lawful authority to enter into and perform the Lessor's obligations <br /> under this lease for the full term as stated above, and all extensions <br /> here provided, and has title to the demised premises as shown by the <br /> Indenture between the United States Government and the Ci ty of San <br /> Marcos which has been made a part hereof by reference. Lessor further <br /> covenants that if Lessee shall discharge the obligation herein set <br /> forth to be performed by Lessee, Ie s.see shall have and enjoy, during <br /> the term hereof, quiet and undisturbed possessions of the demi sed <br /> premises and all appurtenances appertaining thereto, together with the <br /> r ig h t to use the runways and taxi-ways of the airport facility as <br />
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