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Res 2017-058/approving a 19-month Airport Facility Lease Agreement with Coast Flight Management and Training, Inc
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Res 2017-058/approving a 19-month Airport Facility Lease Agreement with Coast Flight Management and Training, Inc
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5/15/2017 11:32:23 AM
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4/26/2017 12:00:56 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2017-58
Date
4/4/2017
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6.05. Signs: No signs, posters, or other similar devices shall be placed on the exterior of the hangar or <br /> any portion of the Leased Premises(excluding the interior of the hangar)without the prior written <br /> consent of Lessor or Airport Management. Lessee shall, at its sole expense, be responsible for <br /> creation, installation and maintenance of all such signs, posters, or other similar devices. Lessee <br /> agrees to pay Lessor for any damages,injury or repairs resulting from the installation,maintenance <br /> or repair of any such signs, posters, or other similar devices. Any signs, posters, or other similar <br /> devices placed on the Leased Premises shall be maintained at all times in a safe, neat, sightly and <br /> good physical condition. Any such sign, poster,or other similar device shall be removed from the <br /> Leased Premises immediately upon receipt of instructions for the removal of same from Lessor or <br /> Airport Management. <br /> ARTICLE 7: UTILITIES AND TAXES <br /> 7.01. The Lessee shall promptly pay all charges for electricity, water, telephone service, and other <br /> utilities furnished to the Leased Premises.Lessee further covenants and agrees that Lessee will pay <br /> all costs and expenses for initial service and any extension, installation, maintenance or repair of <br /> any and all utilities serving the Leased Premises. Lessee must first obtain, in writing, permission <br /> from Lessor before undertaking any utility improvements that impact Lessee's property.All heating <br /> equipment and electricity operated equipment which may be used on the Leased Premises shall be <br /> of such kind and character as to comply with any applicable mechanical, fire, and building codes. <br /> 7.02. The Lessor shall not be liable for any interruption or impairment whatsoever in utility services to <br /> the Leased Premises. <br /> 7.03. In entering into this Lease, Lessee understands that it will be solely responsible for the payment of <br /> ad valorem taxes, if any, that are assessed against all or any portion of the equipment, inventory, <br /> personal property,including but not limited to aircraft used for commercial purposes stored on the <br /> Leased Premises. Lessee agrees to pay all such taxes and assessments when due. Property taxes <br /> assessed on the physical structure shall be paid by Lessor. <br /> 7.04. The Lessee shall also pay when due all sales,excise,income and other taxes levied upon its business <br /> operations on the Leased Premises. <br /> ARTICLE 8: INSURANCE AND INDEMNITY <br /> 8.01. Liability Insurance: The Lessee shall procure and maintain insurance in full force at its expense as <br /> set forth in the Minimum Standards, covering claims which arise out of or in connection with the <br /> Lessee's use or maintenance of the Leased Premises. This insurance shall be written so that the <br /> Lessor must be notified in writing at least thirty (30) days in advance of cancellation, restrictive <br /> amendment or non-renewal. The Lessee shall file certificates of insurance with the Lessor upon <br /> execution of this Lease and annually during the Lease term. All insurance required under this <br /> paragraph shall be primary over any other insurance coverage the Lessor may have, and shall be <br /> Page 7 of 17 <br />
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