Res 2000-095 - Laserfiche WebLink

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VUL 241T'ktf630 3.06. The Lessor agrees that the Lessees shall have access to the runways, taxiways and ramps at the Airport to the same extent as other Airport users. The Lessor's failure to continue the use of the Airport for airport and aviation purposes shall constitute a default. The Lessees may give notice to the Lessor of such a default, and if the Lessor fails to cure the default within 30 days after receiving the notice, this Lease shall terminate, and the Lessees shall vacate the Leased Premises within 120 days after the date the Lessor received the notice. Until the Lessees vacate the Leased Premises, the normal rental fees shall accrue. The date the Lessees vacate the Leased Premises shall be the date the Lessees is released from accruing further obligations under this Lease. Article 4. Maintenance and Repair of Premises 4.01. The Lessees 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 Lessees shall comply with all govemmentallaws, ordinances and regulations that apply to the Leased Premises, at their sole cost and expense. If the Lessees fail to make any required repairs required within 30 days after written notice from the Lessor, the Lessor may make the repairs without liability to the Lessees for any loss or damage which may result to the Lessees by reason of the repairs, and the Lessees shall pay to the Lessor the full cost of the repairs within 30 days of the Lessor's issuance of a written invoice to the Lessees. At the expiration of this Lease, the Lessees shall surrender the Leased Premises in good condition, reasonable wear and tear excepted. 4.02. The Lessor will use airport revenue funds to maintain the existing runways, taxiways, and entrance roads on the Airport. The Lessor 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 Lessees 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 Lessees 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 Lessees, and will authorize the Lessor 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. COSM Form 1/99 3