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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1.0.11 Minor Repairs means those repairs not defined as Major Repairs and that are $5,000 or less per repair or replacement needed. 1.0.12 Major Repairs and Replacements means those repairs and replacements to the Airport Property or equipment that significantly extends the equipment useful life or the service life of the Airport Property and that exceed $5,000 per repair or replacement needed. 1.0.13 Marketing Costs means any and all costs, expenses, charges or fees incurred by Operator in connection with or related to the marketing or promotion of the Airport in accordance with the Marketing Plan, including without limitation, costs of marketing personnel, advertising costs, travel costs related to Airport marketing and promotion, and costs incurred in coordinating Airport marketing and promotion efforts with the City. 1.0.14 Operating Costs means any and all costs, expenses, charges or fees actually incurred by Operator in the administration, management, operation and development of the Airport, but excluding: (i) any and all profit to Operator, (ii) Marketing Costs, (iii) Real Estate Costs, and (iv) General Administrative Costs. Operating Costs include, without limitation, costs to provide Upkeep at the Airport. 1.0.15 Operator means Texas Aviation Partners, LLC which is a Texas Limited Liability Corporation presently comprised of three shareholders: Stephen Alexander, James Parker, and James Wimberly. 1.0.16 Operator's Representative or Airport Manager means the representative assigned by the Operator to be the primary point of contact with regard to the services provided under this Agreement. The Operator's representative will supervise the day -to -day activities at the Airport. 1.0.17 Real Estate Costs means any and all costs, expenses, charges or fees incurred by Operator in connection with the administration, management, enforcement, negotiation, or drafting of any ground leases, hangar leases, building leases, rental agreements, through -the fence - agreements, license agreements, or any other agreement between the City and any third party relating to an interest in the real property of the Airport, including, without limitation, costs of personnel to handle any such matters and the costs of billing and collecting any rents or other payments, but specifically excluding (i) any collection or enforcement costs relating to out -of- pocket costs incurred at the request of the City, which shall be paid by the City, and (ii) legal expenses incurred in connection with the above, provided such legal expenses have been approved by the City prior to Operator incurring such expenses.