Res 1980-062 - Laserfiche WebLink

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I I I X. Flight Operations will provide for the sale of gasoline during the term of this lease agreement. For this purpose, Flight Operations shall have the use and custody of, and is hereby delegated the control over the gasoline storage tanks located adjacent to Hanger Building No. 5-357 and any fuel dispensing equipment attached thereto. XI. Commencing on the date of execution of this lease agreement by Flight Operations, and during the term of this lease agreement, Flight Operations shall be entitled to all of the proceeds received by it from the services and facilities performed and furnished hereunder, and Flight Operations shall pay to City the following items of consideration: 1. During the first two (2) years of this agreement, Flight Operations shall pay the sum of $.02 per square foot per year, payment to be made in advance and on each anniversary date of this lease. 2. For the remaining period this lease is in effect, Flight Operations shall pay the sum of $.05 per square foot. 3. A sum of money equal to one percent (1%) of the gross sales of gasoline or other aircraft fuel pumped or sold at Airport shall be paid from the date of execution of this agreement by Flight Operations. Such items of consideration accrulng during each calendar month of this agreement shall be paid by Flight Operations to City at City's office in Hays County, Texas, and shall be due and payable not later than the tenth (lOth) day of the following month. Notwithstanding the foregoing it is understood that the fuel for which City shall receive a percentage as provided ln (3) above shall include fuel used by Flight Operations, whether or not sold, based on delivery receipt from the fuel supplier. XII. Flight Operations agrees to pay all utility charges ln connection with the premises occupied and used by Flight Operations at Airport for which City becomes liable. 4