Res 1985-090 - Laserfiche WebLink

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-4- XI. commencing on the date of execution of this amendment by Flight Operations, and during the term of this lease agreement, Flight Operations shall be entitled to all of the proceeds received by it from the services and facilities performed and furnished hereunder, and Flight Operations shall pay to City the following consideration: 1. For the terminal building (3916 square feet) located on the leased property, a sum equal to $.10 per square foot per year, payable in monthly increments. 2. For the remaining land (as described in Exhibit 1, Tracts A-l and A-2 attached), a sum equal to $.05 per square foot per year, payable in monthly increments. 3. A fuel flowage fee on all aircraft fuel or gasoline delivered to Flight Operations at Airport. The fuel flowage fee shall be as follows: October 15, 1985-0ctober 15, 1986....2% October 15, 1986-0ctober 15, 1987....2 1/2% October 15, 1987-0ctober 15, 1988....3 % October 15, 1988-0ctober 15, 1989....3 1/2% October 15, 1989-0ctober 15, 1990....4% The fuel flowage fee shall be based on cost of fuel delivered, not gross sales. All consideration due and payable by Flight Operations to City shall be payable within ten (10) days after the closing of each monthly payment period. A copy of all monthly fuel delivery invoices shall accompany each monthly payment to City. Square footage rental shall be payable in advances within the first ten (10) days of each month. XIV. Flight Operations agrees to file with City a policy of public liability insurance issued by a casualty insurance company duly authorized to do business in the State of Texas with minimum limits of $100,000.00 per person and $300,000.00 for any single occurrence of bodily injury or death and $100,000.00 for any single occurrence of injury to or