Res 2005-184 - Laserfiche WebLink

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I I I 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 its sole cost and expense If the Lessee fails 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 Facilities, Alterations and Fixtures 501 The Lessee shall construct the aviation business facilities (the "Facilities"), as depicted generally on the attached Exhibit "B," on the Leased Premises to consist of two metal hangar buildings of approximately 70x80 each, with an option to construct a third metal hangar of equal dimensions Upon written request from the City, 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, which 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 502 The Lessee shall substantially begin the construction of the two buildings 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 two buildings within one year of the date of this Lease If the Lessee elects to exercise the option of construction of a third metal hangar, Lessee shall complete construction of such hangar within one year of the date of commencement of such construction 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 503 The Facilities constructed on the Leased Premises will constitute a minimum investment of $200,000 00 in capital improvements The purchase of materials for the construction of improvements is not subject to exemption of any taxes