Res 2005-107 - Laserfiche WebLink

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of such a default, and if the City fails to cure the default within 30 days after receiving the notice, this Lease shall terminate, and the Lessee shall vacate the Leased Premises within 120 days after the date the City received the notice. Until the Lessee vacates the Leased Premises, the normal rental fees shall accrue. The date the Lessee vacates the Leased Premises shall be the date the Lessee is released from accruing further obligations under this Lease. Article 4. Maintenance and Repair of Premises 4.01. The Lessee shall maintain the Leased Premises in good, clean condition and shall make all repairs to structures and improvements on the premises needed to maintain their function, safety and appearance. The Lessee shall comply with all governmental laws, ordinances and regulations that apply to the Leased Premises, at their sole cost and expense. If the Lessee fail to make any required repairs required within 30 days after written notice from the City, the City may make the repairs without liability to the Lessee for any loss or damage which may result to the Lessee by reason of the repairs, and the Lessee shall pay to the City the full cost of the repairs within 30 days of the City's issuance of a written invoice to the Lessee. At the expiration of this Lease, the Lessee shall surrender the Leased Premises in good condition, reasonable wear and tear excepted. 4.02. The City will use airport revenue funds to maintain the existing runways, taxiways, and entrance roads on the Airport. The City shall not be obligated to use general, operating or bond funds for this maintenance. Article 5. Construction of Hangar; Alterations and Fixtures 5.01. The Lessee shall construct an aircraft storage hangar (the "Hangar") on the Leased Premises as depicted generally on the attached Exhibit B. The construction shall be in accordance with sealed plans for the complete project prepared by an architect or structural engineer licensed or registered in the State of Texas. The plans must be accompanied by the architect or engineer's estimated cost of the construction and the time schedule for completion of the construction. The plans and the time schedule shall be subject to approval by the City. 5.02. The Lessee shall substantially begin the construction of the Facilities within 90 days of the date of this Lease, shall diligently and continuously pursue the construction to completion, and shall fully complete the facilities within one year of the date of this Lease. Any delay or lack of progress in the construction will constitute a default by the Lessee, and will authorize the City to pursue all remedies available to it as described in Article 11 of this lease. 5.03. The purchase of materials for the construction of improvements is not subject to exemption of any taxes. 5.04. The Lessee shall not make any further alterations, additions, or improvements to the Leased Premises without the advance written consent of City. All improvements, alterations, additions and fixtures which may be made or installed upon the Leased Premises shall become the property of the City and shall remain upon and be surrendered with the Leased Premises at the termination of this Lease, unless the City requests their removal, in which event the Lessee shall remove them and restore the Leased Premises at the Lessee's expense. COSM Form 1/99 3