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RESOLUTION 2012 -03R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS, APPROVING A GROUND LEASE OF PROPERTY AT <br />THE SAN MARCOS MUNICIPAL AIRPORT WITH SPECIALIZED <br />AERO, LLC FOR A TEN (10) YEAR PRIMARY TERM WITH FOUR <br />FIVE -YEAR OPTIONS TO RENEW ( "GROUND LEASE "); APPROVING <br />AMENDMENT NO. 1 TO LEASE OF PROPERTY FOR USE AS AN FAA <br />REPAIR STATION LOCATED AT 2285 AIRPORT DRIVE AT THE SAN <br />MARCOS MUNICIPAL AIRPORT WITH SPECIALIZED AERO, LLC <br />DATED AUGUST 2, 2011 EXTENDING THE PRIMARY TERM ( "LEASE <br />AMENDMENT NO. 1"); AUTHORIZING THE CITY MANAGER TO <br />EXECUTE BOTH THE GROUND LEASE AND LEASE AMENDMENT <br />NO. 1; AND DECLARING AN EFFECTIVE DATE. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1. The attached San Marcos Municipal Airport "Ground Lease Of <br />Unimproved Airport Property For Construction and Operation of Business Facilities" ( "Ground <br />Lease ") is hereby approved. The city manager is authorized to sign the Ground Lease on behalf <br />of the city and authorized to approve extensions thereto in accordance with the Lease terms. <br />PART 2. The attached San Marcos Municipal Airport "Amendment No. I to Lease <br />Of Airport Property For Use as an FAA Repair Station" ( "Lease Amendment No. I") is hereby <br />approved. The city manager is authorized to sign Lease Amendment No. 1 on behalf of the city. <br />PART 3. This Resolution shall be in full force and effect immediately from and <br />after its passage. <br />ADOPTED on January 3, 2012. <br />aniel Guerrero <br />Mayor <br />Attest: <br />:Jamie e Pettijoh <br />ity C rk <br />