Laserfiche WebLink
CITY OF SAN MARCOS, TEXAS <br />SAN MARCOS REGIONAL AIRPORT <br />AIRPORT FACILITY LEASE AGREEMENT FOR COMMERCIAL USE <br />THE STATE OF TEXAS <br />COUNTIES OF HAYS AND CALDWELL <br />THIS SAN MARCOS REGIONAL AIRPORT FACILITY LEASE AGREEMENT FOR <br />COMMERCIAL USE ("Lease") is made between the City of San Marcos, a municipal corporation of the <br />State of Texas ("Lessor" OR "City"), acting by and through its Airport Management Texas Aviation <br />Partners, LLC., a Texas Limited Liability Corporation ("Airport Management") and Compliance Aviation, <br />Inc. ("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, the <br />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 terms, <br />covenants and conditions of this Lease, the Lessor leases to the Lessee, and the Lessee leases from <br />the Lessor a hangar and storage building at the San Marcos Regional Airport (collectively referred <br />to herein as the "Leased Premises") being more particularly described as: <br />1815 Airport 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 full <br />responsibility for determining the suitability of the Leased Premises for its intended purposes; 3) <br />the Lessee has inspected and performed all tests and investigations of the Leased Premises for its <br />intended purposes; and 4) the Lessee is accepting the Leased Premises in their present condition, <br />Page 1 of 17 <br />