Res 1984-034 - Laserfiche WebLink

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79 LEASE AND OPERATING AGREEMENT This Lease and Operating Agreement (the "Agreement") entered into as of -~1-_-----------, 1984, by and between the City of San Marcos, Texas, a municipal corporation existing by and under the laws of the ,8 ta te of Texas, acting through authority conferred on its Gayor, Emmie Craddock, by resolution duly adopted on May 7 , 1984, (hereinafter "Lessor") and NORTH AMERICAN AEROSPACE CORPORATION, (NAAC) (hereinafter "Lessee"), agree on the following terms and conditions: ARTICLE I. LEASED PREMISES Lessor hereby leases to Lessee the following premises, identified and shown in Exhibit A hereto ("The Premises"), together with the right of ingress and egress for both vehicles and aircraft: A. Real Property as follows: An area shown in Exhibit A which is approximately 64,862 square feet, starting 6 feet East of the East ~ide of one hangar pad which is 80 feet wide and located approximately 55 feet from the East most property line of the ~urrent city airport property. Then the leased property will extend 287 feet East along the ramp and then approximately 226 feet South to the South most property line located at the most Southeast corner of the city property. This area includes the existing control tower as shown in Exhibit A. Lessee may for a period of five years from the date of this agreement a-dd to the leased area that property which is shown in Exhibit A as the shaded area. This includes one par.Ç.el East of the leased property of approximately .322 acres and one parcel South of the leased property of approximately .544 acres. The same terms and conditions will apply to this area as to the original area. However, in the event that another company or individual may wish to lease this property prior to ~AC adding it to its main lease then NAAC must exercise its rights to PAGE 1