Res 1999-058 - Laserfiche WebLink

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apply to the Leased Premises, at its sole cost and expense. If the Lessee fails to make any required repairs required within 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 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 the following aviation business facilities (the "Facilities"), as depicted generally on the attached Exhibit "B," on the Leased Premises: Maintenance hangars to facilitate the storage of and maintenance to various types of aircraft. 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 90 days of the date of this Lease, shall diligently and continuously pursue the construction to completion, and shall fully complete the facilities within one year of the date of this Lease. 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 descnoed in Article 11 of this Lease. 5.03. The Facilities constructed on the Leased Premises will constitute a minimum investment of $200,000.00 in capital improvements. Under no circumstances will the Lessor be responsible for the cost of any improvements made by the Lessee that exceed the fixed rental fees due and payable during the terms of this Lease. 5.04. The Lessee shall not make any further alterations, additions, or improvements to the Leased Premises without the prior written consent of Lessor. All improvements, alterations, additions and fixtures which may be made or installed upon the Leased Premises shall become the property of the Lessor and shall remain upon and be surrendered with the Leased Premises at the termination of this Lease, unless the Lessor requests their removal, in which event the Lessee shall remoVe them and restore the Leased Premises at the Lessee's expense. 5.05. The Lessee shall ensure that no lien or similar obligation is imposed upon the Leased Premises for any alteration, repair, labor performed or materials furnished to the Leased Premises, and the Lessee shall immediately discharge any lien or charge after the lien occurs or charges become due and payable. In the event the Lessee disputes the lien or obligation, however, the Lessee shall have the COSM form 1/99 4