Res 1982-003 - Laserfiche WebLink

Home Browse Search

-2- of three hundred thirty dollars ($330.00) per month in advance. The first payment shall be due and payable on the date of execution by Lessee of this Agreement of Lease. Subsequent monthly payments shall be due and payable upon the same date of successive months. Payments shall be made to the Department of Finance, City of San Marcos, Texas, 630 East Hopkins, San Marcos, Texas 78666. IV. Lessee shall maintain said underground storage tanks at its sole expense during the term of this lease and shall return said tanks to Lessor at the end of the term in a condition of good repair and fit for the intended purpose. Said tanks shall be kept in good repair and in a safe condition at all times during said term. V. All covenants, termsjand conditions of this Agreement of Lease must be approved by the Federal Aviation Administration be- fore the effective date of the lease. VI. During the term of this Agreement of Lease, Lessor agrees Lessee shall have unrestricted access to the runways, taxiways and ramps now in existence at said Airport to the same extent that any other parties may have use thereof. It is understood and agreed by and between Lessor and Lessee that the continuing use of said Airport as an airport for general aviation is essential to the operation of Lessee and that the failure to continue the use of said Airport for airport and aviation purposes shall constitute a default in the Agreement. Upon Lessee giving written notice of such default to Lessor and upon the failure of Lessor to cure such default within thirty (30) days after the receipt of said written notice, this Agreement shall terminate and end as of the date one hundred and twenty (120) days after the receipt of said written notice. Lessee shall thereupon be released from and relieved of all further obligations thereafter to accrue hereunder.