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Res 2024-048 approving ground leases with 2080 Airport Drive, LLC., for an office/hangar facility and a fuel facility, and a facility lease with Redbird Flight Simulations, Inc. at the San Marcos Regional Airport
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Res 2024-048 approving ground leases with 2080 Airport Drive, LLC., for an office/hangar facility and a fuel facility, and a facility lease with Redbird Flight Simulations, Inc. at the San Marcos Regional Airport
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5/30/2024 10:22:04 AM
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4/13/2024 10:10:14 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2024-48
Date
4/2/2024
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18.20 Survival. Any terms and provisions of this Lease pertaining to rights,duties or liabilities extending <br /> beyond the expiration or termination of this Lease shall survive the same. <br /> 18.21 Exhibits. The exhibits to this Lease are as follows: <br /> Exhibit A Location of Office Site <br /> 18.22 Termination of Original Lease.Effective as of Effective Date,the"San Marcos Municipal Airport <br /> Ground Lease of Unimproved Airport Property for Construction and Operation of Business <br /> Facilities" with a Commencement Date of May 3, 2011 between the City of San Marcos and <br /> Redbird Flight Simulations, Inc. (".Redbird") is terminated as to Tract 2 — Restaurant Site (as <br /> defined therein), and the parties shall have no further rights or obligations thereunder, it being <br /> acknowledged that Lessee's rights and obligations remaining under such lease have been assigned <br /> to and assumed by 2080 Airport Drive,LLC,for which the City,hereby gives its consent. <br /> IN WITNESS WHEREOF, the parties hereto have executed this Lease effective as of the <br /> Effective Date, <br /> LESSOR: <br /> CITY OF SAN MARCOS,TEXAS. <br /> a mun*cj al corporation <br /> By'� <br /> Name Ptiried:eP dvo- <br /> Title: <br />
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