Res 1998-153 - Laserfiche WebLink

Home Browse Search

\jijL lû5 . Jr""C . ' .f,\) ,- the Airport to the same extent as other Airport users. The 'Lessor's failure to continue the use of the Airport for airport and aviation purposes shall constitute a default. The Lessee may give notice to the Lessor of such a default, ànd if the Lessor fails to cure the default within 30 days after receiving the notice, this ~ shall tenninate, and the Lessee shall vacate the Leased Premises within 120 days after the date the Lessor received the notice. Until the Lessee vacates the Leased Premises, the normal rental fees shall accrue. The date the Lessee vacates the Leased Premises shall be the date the Lessee is released trom accruing further obligations under this Lease. Article 4. Maintenance and Repair of Premises 4.01. The Lessee shall maintain the Leased Premises in good, clean condition and shall make all repairs to structures and improvements on the premises needed to maintain their function, safety and appearance. The Lessee shall comply with all governmental laws, ordinances and regulations that 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 trom 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 ofa 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 complete the construction of the aviation business facilities (the "Facilities"), upon the Leased Premises within one year of the date of this Lease in accordance with sealed plans prepared by an architect or structural engineer licensed or registered in the State of Texas. The plans will depict the total construction project for the Facilities, and will 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 Lessor. This lease will terminate one year after execution by Lessor should Lessee fail or decide not to construct the Facilities or upon mutual agreement of the parties in writing. 5.02. The Lessee shall not make any further alterations, additions, or improvements to the Leased Premises without the advance written consent of Lessor, except for the installation of unattached movable trade fixtures. Lessor agrees not to unreasonably withhold its consent to said changes. ALL ALTERATIONS, ADDIDONS, IMPROVEMENTS AND FIXTURES (OTHER THAN UNATTACHED, MOVABLE TRADE FIXTURES) WHICH MAY BE MADE OR INSTALLED BY EITHER PARTY UPON THE LEASED PREMISES SHALL BECOME THE PROPERTY OF LESSOR AT THE EXPIRATION OF THE INITIAL TERM OF THIS LEASE, OR UPON ANY EARLIER TERMINATION OF THIS LEASE FOR ANY REASON 4~~