Res 2004-162 - Laserfiche WebLink

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I I I conflict between the Sublease or the City Lease and these procedures, regulations and standards will be resolved in favor of the procedures, regulations and standards. Section 8. Payments by TEJAS to the City. TEJAS agrees to pay to the City a franchise fee in the form ofa monthly amount equal to one percent (l %) ofTEJAS' gross income from all commercial activity at the Airport, excluding sales or services to federal, state or local governments or other tax exempt organizations or agencies. TEJAS shall provide access to the City, upon reasonable notice, to all business records necessary to verify the amount of fees and/or percentage rental due under this Lease. Payment is to be made within 10 days of the last day of the previous month and shall be based on TEJAS' income during the previous month. IfTEJAS fails to pay any sum payable to the City under the terms of this Agreement when due, then interest at the maximum legal rate in the State of Texas shall accrue from the date on which the sum became due and payable. Section 9. Term. The term of this Agreement commences on October 1,2004 and will terminate on the date the Sublease, or any extension of the Sublease, is terminated. Section 10. Use of Premises. The use of the Facility by TEJAS shall be restricted to aviation purposes, unless otherwise approved in writing by the Hearn and the City. Specifically, the Facility shall be used and occupied for the following business activity: Refurbishment of general aviation aircraft, most of which will be light twin-engine aircraft, including stnpping and painting. TEJAS shall not use the Facility for any other purpose without the advance written consent of Hearn and the City. TEJ AS shall use the Facility in good fmth continuously for this purpose throughout the tenn of this Agreement. TEJAS shall not leave the FacIlity vacant at any time, and shall keep the Facility open to the public for business during normal business hours. Section 11. TEJAS Compliance with Hearn Obligations. TEJAS agrees to comply with all obligations of Hearn in the City Lease with respect to the following: 1. Placing or keeping anything on the Facility or use of the Facility for any purpose which increases the insurance premium cost or invalidates any insurance policy carried on the Facility. Risk of loss and damage for all property kept, stored or maintained by it within the Facility. Use of the Facility in any manner that results in waste of the Facility or constitutes a nuisance, or violates any statute, ordinance, rule or regulation that applies to the Facility. Keeping the Property, including ramps, signs, sidewalks, service ways, and loading areas adjacent to the Property, neat, clean, and free from dirt and trash at all times. Storage of all equipment, materials and supplies related to TEJAS' activities. Outside storage is specifically prohibited without the advance written consent of the Hearn and the City. Maintenance of the Facility in good and clean condition. Compliance with all governmental laws, ordinances and regulations that apply to the business operations on the Facility. Securing the prior written consent of the City for any alterations, additions, or improvements to the Facility. TEJAS acknowledges and agrees that all improvements, alterations, additions and fixtures which are made or installed in or on the Facility shall remain 2. 3. 4. 5. 6. 7. 8. 2