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SAN MARCOS REGIONAL AIRPORT <br />AIRPORT FACILITY LEASE AGREEMENT <br />THE STATE OF TEXAS <br />C�Z�Iij►Y_Y_I�.Y�I�� I:�'Z.Y \�[IZ� �Z��I X11111 <br />THIS SAN MARCOS REGIONAL AIRPORT FACILITY LEASE AGREEMENT ( "Lease ") is <br />made between the City of San Marcos, a municipal corporation of the State of Texas ( "Lessor" OR <br />"City "), acting by and through its Airport Manager Texas Aviation Partners, LLC., a Texas Limited <br />Liability Corporation ( "Airport Manager ") and Central Texas Wing, Commemorative Air Force, Inc. <br />( "Lessee "). <br />The Lessor is the owner of the San Marcos Regional Airport ( "Airport"), situated in Caldwell County, <br />Texas, by virtue of deeds from the United States of America. <br />This Lease is subject to approval by the Federal Aviation Administration. <br />NOW, THEREFORE, for and in consideration of the covenants and obligations set forth herein, <br />the Lessor and Lessee agree as follows: <br />ARTICLE 1: LEASE OF PREMISES; ACCEPTANCE OF EXISTING CONDITIONS; <br />COMPLIANCE WITH REGULATIONS <br />1.01. In consideration of the obligation of the Lessee to pay rent and in consideration of the other <br />terms, covenants and conditions of this Lease, the Lessor leases to the Lessee, and the Lessee <br />leases from the Lessor a hangar and storage building at the San Marcos Regional Airport <br />(collectively referred to herein as the "Leased Premises ") being more particularly described as: <br />Approximately 102,900 square foot tract of land which includes a 33,330 square foot hangar <br />located at 2249 Airport Drive and a 2,178 square foot storage building located at 1841 Airport <br />Drive described in Exhibit "A" of this Lease; <br />1.02. The Lessee acknowledges that, subject to the Lessor's obligations under paragraph 1.04 below: 1) <br />the Lessor makes no representations or warranty regarding the suitability of the Leased Premises <br />for the Lessee's intended purposes, or the presence of environmental, geologic, or other site <br />conditions that may affect the Lessee's use of the Leased Premises; 2) the Lessee accepts frill <br />responsibility for determining the suitability of the Leased Premises for its intended purposes; 3) <br />Page 1 of 20 <br />