Res 2015-013/Amendment to and renewal for an additional five years of an Agreement for Airport Management Services with Texas Aviation Partners, L.L.C.;

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request in the City's possession including the 2014 -2015 Approved Operating Budget. 5.0.2 The City Manager or designee is the City's point of contact for all communications and the City's authorized representative to act on the City's behalf with respect to this Agreement. The City will examine the documents and information submitted by the Operator and promptly render responses to the Operator on issues requiring a decision by the City. 5.0.3 Appropriate and make available funding sufficient to cover the operating expenses authorized in the Approved Operating Budget. 5.0.4 Provide a complete inventory of all equipment, assets, expendable supplies and spare parts which are on hand prior to the execution of this Agreement. The Operator will assume responsibility for the inventory upon execution of the Agreement. 5.0.5 Retain control of the Airport, including the responsibility for developing and maintaining policy guidance for the Airport. 5.0.6 Retain authority for review and approval of the capital improvements recommended by the Operator, including location, size, design, and nature of use. The City is responsible for any capital improvements management, where City, State, or federal funds will be expended. 5.0.7 In its sole discretion, set rates and schedules, including but not limited to gross receipts, lease rates, fuel flowage, and any future rates currently not assessed as may be recommended by the Operator. 5.0.8 Retain all authority to arrange for the issuance of indebtedness payable from the revenues of the Airport. 5.0.9 Have the exclusive authority to initiate, review and approve the exercise of all powers of eminent domain regarding the Airport. 5.0.10 Provide access to and make all necessary provisions for the Operator to enter public and private property as reasonably required for the Operator to perform its services under this Agreement. 5.0.11 Bear all other costs incidental to this Article. 5.0.12 Be responsible for major repairs and maintenance. In the event of damage by fire or other casualty, the City will either repair or replace building(s) or remove the damage and restore building(s) to original condition at the sole option of the City.