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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5.0.13 Provide rent -free office space as reasonably determined by the City and subject to space availability. 5.0.14 City will provide vehicle and fleet maintenance services proved that TAP pays for the services at the City's recovery rate for these services. 5.0.15 City will reimburse TAP for the use of a personal automobile in connection with the management of the Airport and provision of other services under this Agreement in an amount equivalent to one standard car allowance provided by City to Directors of other City Departments. ARTICLE 6 COMPENSATION TO THE OPERATOR The total of all fees and expenses to be paid to the Operator for the provision of basic services for the first full year of the Agreement is $371,610 plus possible incentives estimated at $47,551 as described in Sections 3.0 through 3.4: 6.1.1 The City will pay the Operator an amount specified in the Approved Operating Budget to pay for Operator's Operating Costs. Operating Costs shall be paid in accordance with the annual Approved Operating Budget. No expenditure for any one line item or accounting category which is in excess of the amount shown in the Approved Operating Budget ( "Excess Operating Costs ") shall be paid or reimbursed to Operator, except expenditures that have been approved in writing by the City prior to the expenditure. Except in the event of an emergency (where immediate action is deemed necessary to protect the safety of the general public or protect physical assets of the Airport), any Operating Costs in excess of the Approved Operating Budget which have not been approved by the City prior to incurring such Costs shall be paid for by the Operator. 6. 1.2 Operator shall disburse funds from the Operating Account to pay Airport bills in accordance with City policies and the Texas Prompt Payment Act, Tex. Govt. Code, Section 2251 et. seq. 6.1.3 Incentive Compensation. Operator shall have the ability to earn incentive compensation annually based upon Financial Performance for the prior fiscal year provided however, that in no circumstance shall Operator earn any incentive compensation (either Profit Incentive or Revenue Incentive) from any contract, lease, license, or other agreement in which TAP, its members, successors -in- interest, assigns, employees, any person who is related to a member of TAP within the first degree by consanguinity (blood) or affinity (marriage), or any business entity has any interest. For the purposes of this contract, the term "Business entity" means a sole proprietorship, partnership, firm, corporation, holding company, join -stock company, receivership, trust, or any other entity