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<br /> <br />I <br /> <br /> <br />I <br /> <br />II <br /> <br />THE STATE OF TEXAS <br /> <br />x <br />X <br /> <br />LEASE <br /> <br />COUNTY OF CALDWELL <br /> <br />KNOW ALL MEN BY THESE PRESENTS: <br /> <br />That the City of San Marcos, Texas a municipal corporation <br /> <br />existing by and under the laws of the State of Texas, acting <br /> <br />through authority conferred on its Mayor, John A. Hansen, by <br /> <br />Resolution 80- <br /> <br />, adopted March 10, 1980, hereinafter <br /> <br />"City", and Kenneth Medcalf, hereinafter "Medcalf" enter into <br /> <br />this lease of a portion of the T-Hanger facilities located at <br /> <br />the San Marcos Municipal Airport. <br /> <br />WITNESSETH <br />I. <br /> <br />City is the owner of the San Marcos Municipal Airport, <br /> <br />situated in Caldwell County, by virtue of an indenture from the <br /> <br />United States of America dated the 14th day of February, 1966, <br /> <br />the 14th day of July, 1969, and the 11th day of May, 1976, to <br /> <br />which reference is hereby made and by such reference, made a part <br /> <br />thereof. City hereby leases unto Medcalf a portion of the T-Hanger <br /> <br />facilities located at said airport for the purpose of airplane <br /> <br />maintenance. City hereby leases and Medcalf hereby rents the oremlses <br /> <br />which are described more particularly in the attached Exhibit A <br /> <br />which is made a part hereto for all intents and purposes. <br /> <br />II. <br /> <br />As consideration and rental for the demised premises, Medcalf <br /> <br />agrees to pay to City the sum of two hundred eighty dollars ($280.00) <br /> <br />per month, a sum equal to rental of four (4) ramp side T-hangers. <br /> <br />Payment shall be made in advance. The first payment shall be made <br /> <br />on the date of execution of this lease by Medcalf. Subsequent <br /> <br />payments shall be made on the same day of subsequent months. <br /> <br />III. <br /> <br />Medcalf agrees to use said premises for an airplane maintenance <br /> <br />facility. All improvements and alterations made by Medcalf on said <br /> <br />demised premlses are subject to reasonable approval by City in <br /> <br />writing prior to construction to determine that such construction <br />