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<br />Page 4 <br />RECmmENDATI ON: <br />In the future, auction companies should be required to put down a <br />deposit to pay for any cleanup work the City must provide. <br />North American Aeï;.QspacEL.ÇQJ7P9_r.a:t.ipn <br /> <br />NAi\C leased land fro::! the City to construct hangar and office space for <br />research, development and manufacture of anti-icing equipment. NAAC <br />defaulted on the terms of their lease and the lease was terminated in <br />December 1984. <br />Ohnheiser/Tiesjen <br /> <br />This is an agricultural lease of approximately 9ØØ acres. Review of <br />the lease shows compliance with all provisions with the following <br />exceptions: (1) No Use Plan, as required annually by lease, has been <br />submitted; (2) Requirement for 25 foot safety area edges of runways is <br />not being met in some areas. <br />Texas Championship A:.'~ Races <br /> <br />This lease is for an annual air show. The 1984 option was not <br />exercised. Lease expired in 1984. <br />~-Hangars <br /> <br />The t-hangars are leased by the City on a month-to-month basis. They <br />currently have a 96% occupancy rate, with a waiting list of 16. (One <br />unit is out of service with bad doors.) The t-hangar doors on all <br />three buildings are in need of major repairs immediately. Serious <br />drainage proolems compound the problem. Some of the units are on the <br />verge of being unusable. <br />