Res 2012-003 - Laserfiche WebLink

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City of San Marcos Airport 1.03. The LESSEE agrees to comply with the SAN MARCOS MUNICIPAL AIRPORT STANDARD OPERATING PROCEDURES AND REGULATIONS and the MINIMUM STANDARDS FOR FIXED BASE OPERATORS AND AIRPORT TENANTS, as they now exist or may be amended during the term of this LEASE, and any conflict between this LEASE and these procedures, regulations and standards will be resolved in favor of the procedures, regulations and standards. 1.04. The LESSOR covenants and agrees that during the term of this LEASE it will operate and maintain the AIRPORT and its facilities as a public airport consistent with and pursuant to the sponsor's assurances given by the LESSOR to the United States Government and /or the State of Texas through the Federal Airport Act; and the LESSEE agrees that this LEASE and the LESSEE's rights and privileges hereunder shall be subordinate to the sponsor's assurances. 1.05. The LESSOR agrees that the LESSEE, and its agents, contractors, employees, invitees and licensees, shall have the right of ingress and egress to and from the LEASED PREMISES by means of roadways for automobiles and taxiways for aircraft including access during the construction phase of airport improvements, unless otherwise agreed to in writing by both parties. Such rights shall be consistent with the rules and regulations with respect to the occupancy and use of airport premises as adopted from time to time by the City of San Marcos and by the Federal Aviation Administration or any other state, federal or local authority. ARTICLE 2. RENT /TERM 2.01. Rental shall accrue commencing upon execution of this LEASE. Rent shall be payable at the place designated for the delivery of notices to the LESSOR in paragraph 15.11. 2.02. The LESSEE agrees to pay to the LESSOR a fixed rental in the sum of Twenty Cents ($0.20) per square foot per year for the entire square footage of the LEASED PREMISES during the first five (5) years of this Lease. The rental rate shall be increased by a flat ten percent (10 %) for the second five (5) years of the Lease. The annual amount for the fixed rental shall be paid in equal monthly installments in the amount of $297.35 each. The LESSEE, at its option, may make advance payments of up to One (1) year's fixed rentals, but there will be no discount for these payments. a. Method of Payment: Rent is payable to Manager by check. Manager reserves the right to require the form of payment of rent to be by check, certified or cashier's check or money order. Cash is not an acceptable form of payment without the Manager's prior written consent. b. Late Charges: LESSEE's failure to pay sums due hereunder promptly may cause LESSEE or Manager to incur unanticipated costs. The exact of Initials: Lessor Less4�