Res 1998-172 - Laserfiche WebLink

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qr O. OJ - 3 VOL .J ~: . " ¡ '.' - !.r.1'-.;. P/iGt ¡. (.~ 3.06. The Lessor agrees that the Lessee shall have access to the runways, taxiways and ramps at 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, and if the Lessor fails to cure the default within 30 days after receiving the notice, this Lease shall terminate, 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 from 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 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 Hangar; Alterations and Fixtures 5.01. Within 12 months of the commencement of this Lease, the Lessee shall complete the construction of an aircraft storage hangar (the "Hangar") on the Leased Premises 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 Hangar, 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 City. 5.02 The Lessee shall not make any further alterations, additions, or improvements to the Leased Premises without the advance 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. 5.03. The Lessee may mortgage its leasehold interest in the Leased Premises for the purpose of obtaining funding for the construction of the Hangar or other improvements on the Leased Premises. The Lessee shall obtain the advance written consent of the Lessor for each such mortgage. The Lessee shall ensure that no other 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 3