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Res 1999-090
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Last modified
8/22/2006 11:44:05 AM
Creation date
8/22/2006 11:43:14 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Lease
Number
1999-90
Date
4/26/1999
Volume Book
136
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<br />VOL <br /> <br />215 PAtE 596 <br /> <br />Article 4. Maintenance and Repair of Premises <br /> <br />4.01. The Lessee shall maintain the Leased Premises in good, clean condition and shall make all <br />repairs to structures and improvements on the premises needed to maintain their function, safety and <br />appearance. The Lessee shall comply with all governmental laws, ordinances and regulations that <br />apply to the Leased Premises, at its sole cost and expense. If the Lessee fails to make any required <br />repairs required within 30 days after written notice from the Lessor, the Lessor may make the repairs <br />without liability to the Lessee for any loss or damage which may result to the Lessee by reason of <br />the repairs, and the Lessee shall pay to the Lessor the full cost of the repairs within 30 days of the <br />Lessor's issuance of a written invoice to the Lessee. At the expiration of this Lease, the Lessee shall <br />surrender the Leased Premises in good condition, reasonable wear and tear excepted. <br /> <br />4.02. The Lessor will use airport revenue funds to maintain the existing runways, taxiways, and <br />entrance roads on the Airport. The Lessor shall not be obligated to use general, operating or bond <br />funds for this maintenance. <br /> <br />Article 5. Construction of Facilities; Alterations and Fixtures <br /> <br />5.01. The Lessee shall construct the following aviation business facilities (the "Facilities"), as <br />depicted generally on the attached Exhibit "B," on the Leased Premises: Maintenance hangars to <br />facilitate the storage of and maintenance to various types of aircraft. The construction shall be in <br />accordance with sealed plans for the complete project prepared by an architect or structural engineer <br />licensed or registered in the State of Texas. The plans must be accompanied by the architect or <br />engineer's estimated cost of the construction and the time schedule for completion of the <br />construction. The plans and the time schedule shall be subject to approval by the City, which shall <br />not be unreasonably withheld or delayed. <br /> <br />5.02. The Lessee shall substantially begin the construction of the Facilities within 90 days of the <br />date ofthis Lease, shall diligently and continuously pursue the construction to completion, and shall <br />fully complete the facilities within one year ofthe date ofthis Lease. Any delay or lack of progress <br />in the construction will constitute a default by the Lessee, and will authorize the Lessor to pursue <br />all remedies available to it as described in Article 11 of this Lease. <br /> <br />5.03. The Facilities constructed on the Leased Premises will constitute a minimum investment of <br />$200,000.00 in capital improvements. Under no circumstances will the Lessor be responsible for <br />the cost of any improvements made by the Lessee that exceed the fixed rental fees due and payable <br />during the terms of this Lease. <br /> <br />5.04. The Lessee shall not make any further material alterations, additions, or improvements to the <br />Leased Premises without the prior written consent of Lessor. All improvements, alterations, <br />additions and fixtures which may be made or installed upon the Leased Premises shall become the <br />property of the Lessor and shall remain upon and be surrendered with the Leased Premises at the <br />termination of this Lease, unless the Lessor requests their removal, in which event the Lessee shall <br /> <br />4 <br />
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