Res 2012-003 - Laserfiche WebLink

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City of San Marcos Airport PREMISES, at its sole cost and expense. If the LESSEE fails to make any required repairs within Thirty (30) days after written notice from the LESSOR, the LESSOR may make the repairs without liability to the LESSEE for any loss or damage which may result to the LESSEE by reason of the repairs, and the LESSEE shall pay to the LESSOR the full cost of the repairs within Thirty (30) days of the LESSOR's issuance of a written invoice to the LESSEE. At the expiration of this LEASE, the LESSEE 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 FACILITIES; ALTERATIONS AND FIXTURES 5.01. The LESSEE shall construct a 10,000 square foot hangar on Tract 1 of the LEASED PREMISES, generally as depicted in Exhibit `B" to this LEASE and other improvements as described in Section 5.03 (the "FACILITIES "). 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 LESSEE shall substantially begin the construction of the FACILITIES within ninety (90) days of the execution of this LEASE. LESSEE shall diligently and continuously pursue the construction to completion, and shall fully complete the FACILITIES within nine (9) months of the date of issuance of a building permit for the FACILITIES to be constructed on Tract 1. Any delay or lack of progress in the construction will constitute a default by the LESSEE, and will authorize the LESSOR to pursue all remedies available to it as described in Article 11 of this LEASE, following the notice and cure period prescribed by paragraph 11.01(B) below. 5.03. The FACILITIES constructed on the LEASED PREMISES will constitute a 10,000 square foot hangar. In addition, LESSEE may resurface at its sole cost and expense an area consisting of approximately 60' x 100', constituting a portion of the concrete apron in front of Tract 1, which will extend from the new hangar to the movement /non - movement boundary line, as indicated in Exhibit "A." In addition, LESSEE shall, at its own expense, construct a six (6) foot chain link fence to be installed along the perimeter of Tract 2 to secure Tract 2, as indicated on Exhibit "A." The fence will include screening to reduce visibility of the storage area. Initials: Lessor Lessee