Res 1977-005 - Laserfiche WebLink

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170a LEASE THE STATE OF TEXAS KNOW ALL MEN BY THESE PRESENTS: COUNTY OF CALDWELL III WHEREAS, the City of San Marcos is the owner of the San Marcos (Gary) Airport; by virtue of an indenture from the United States of America dated the 14th day of February, 1966, and the 14th day of July, 1969, and the 11th day of May, 1976, to which reference is hereby made and by such reference made a part hereof; and WHEREAS, Bruce Ingram, a private citizen, operating an aircraft out of the San Marcos (Gary) Airport desires to obtain from the City of San Marcos a land lease upon which to construct a storage facility for his aircraft; and WHEREAS, the City of San Marcos, in order to effectuate use of the subject premises to construct such a storage facility desires to enter int'o a lease of a portion of such airport with Bruce Ingram, and Bruce Ingram does desire to lease such property for the construction of a storage facility for his aircraft in accordance with the following terms and conditions: WITNESSETH: 1. Federal Aviation Administration. All covenants, terms and conditions of this lease must be approved by the Federal Aviation Administration before the effective date of lease as hereinafter stipulated. 2. Demised Premises. III The City of San Marcos, hereinafter called Lessor, hereby leases to Bruce Ingram, hereinafter called Lessee, and said Les.see rents from Lessor that cer- tain premises described in attached exhibits and further identified thereon as "Exhibit A". Lessor agrees to cause an exact survey made of said premises, and both parties agree that these surveys will be made a part of this agreement. It is further agreed that 'the Lessee will assume the first Fifty-five Dollars ($55.00) of the cost. The Lessor agrees to assume the balance of this cost. 3. Considerations. As consideration and rental for the demised premises, Lessee agrees to pay to Lessor the sum of two cents (2i) per square foot per year, payment to be made in advance and on each anniversary date of this lease. Lessee also agrees to pave the easement area for taxi purposes adjacent to the herein demised premises identified on attached exhibits. Said paving shall be at the expense of Lessee and shall be in accordance with specifications provided by the City of San Marcos. Lessee agrees to conduct and operate a non-exclusive operation in accordance with the provisions in paragraph 5 hereinafter set out for a term of ,twenty (;::0) years, provided, however, the sum of the lease shall be reviewed each five (5) years in relation to the consumer price index and escalated accordingly, provided that the original sum shall not be d.iminished. 4. Use of Demised Premises. I Lessee agrees to use the premises, identified in paragraph 2 above, for the purposE of constructing upon said premises a storage facility within which to store Lessee's aircraft. 5. Term of Lease. The term of this lease for the preperty heretofore described in paragraph 2 shall be for a term of twenty (20) years beginning January 24,1977 and running through January 24, 1997.