Res 1984-039 - Laserfiche WebLink

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EXHIBIT B T-BANGAR LEASE AGREEMENT ("Tenant") and the City of San Marcos ("Owner") agree as follows: 1. Subject to the terms hereof, Owner shall permit tenant to store an aircraft in T-hangar No. (hereinafter called the T-hangar") at the San Marcos Municipal Airport (hereinafter called "Airport"). Except as provided in Paragraph 5 and else- where herein, the term of this agreement and the rentals due hereunder shall continue until such time as one party gives the other written notice of termination, as herein provided. Either party may, upon fifteen (15) days written notice to the other, terminate this agreement at any time, such termination to be effective at the time set -forth in such notice. All notices here- under -to the OWner shall be in writing and shall be addressed and mailed as follows: Airport Manager 630 E. Hopkins San Marcos, Texas 78666 All notices to the Tenant shall be in writing and shall be mailed to the Tenant at the address indicated below. If any such notice to the Tenant shall be returned by the United States Postal Office Department, notice shall be given by posting the same to the Tenant's T-hangar door. 2. Tenant shall pay to the Owner as rental for the right to use the T-hangar as herein set forth the sum of , per month as established by the City Council. All rental fees are payable in advance on the first of each and every month during the term hereof. If the initial term commences on other than the first day of the month, the first month's rent shall be pro-rated on a daily basis and shall be due and payable immediately upon execution of this lease agreement. If payment has not been received by Owner at the address indicated in Paragraph 1 by the tenth day of each month, a five dollar ($5.00) late fee will be assessed in addition to said monthly rental. Tenant shall be deemed to be in default under this lease if each such rent plus applicable late fee and additional charges provided for herein have not been received by OWner at the address indicated in Para- graph 1 by the twentieth day of each such month. Owner agrees to notify tenant in writing at least thirty days in advance of any changes in the monthly rental fee. An amount equal to one month's rent is required to be paid to Owner as a security deposit on or before the effective date of this lease. 3. Tenant herein cóvenants and agrees that he will protect the rights, safety, and property of other tenants by a strict adherence to the San Marcos Municipal Airport's Rules and Regula- tions as well as those ordinances pertaining to the airport con- tained in the Code of Ordinances/City of San Marcos, as they now exist and as they may be later amended. Copies of such rules and regulations and ordinances are located in the office of the Airport Manager and are available to the Tenant at any time during normal working hours. Tenant further agrees to abide by all rules and regulations of the Federal Aviation Administration, State of Texas, and all other duly constituted public authorities having jurisdic- tion. 4. Tenant covenants that he has examined the leasehold premises prior to, and as a condition precedent to, the execution of this lease and is satisfied with the physical condition of said premises and warrants that the leasehold premises are in a safe, sanitary and sightly condition and are in good repair.