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<br />97 <br /> <br /> <br />LEASE OF AIRPORT PROPERTY <br /> <br /> <br />THE STATE OF TEXAS <br />COUNTIES OF HAYS AND CALDWELL <br /> <br /> <br /> <br />This Lease Agreement ("Lease") is made between the City of <br /> <br /> <br />¡ San Marcos, Texas ("Lessor") and Charles Abbey ("Lessee"). <br /> <br /> <br />The Lessor is the owner of the San Marcos Municipal <br /> <br /> <br />Airport ("Airport") , situated in Caldwell County, Texas, by <br /> <br /> <br />virtue of deeds from the united States of America. <br /> <br /> <br />The effectiveness of this Lease is subject to approval by the <br /> <br />Federal Aviation Administration. <br /> <br /> <br />In consideration of the obligation of Lessee to pay rent and <br /> <br /> <br />in consideration of the other terms, covenants and conditions <br /> <br />, <br />hereof, Lessor hereby demises and leases to Lessee, and Lessee <br /> <br /> <br />hereby takes from Lessor the 0.0624 acre tract of real property <br /> <br /> <br />(the "Leased Premises") in Caldwell County, Texas, described in <br /> <br /> <br />Exhibit "A" attached hereto and made a part hereof for all <br /> <br /> <br />purposes, upon the following terms and conditions: <br /> <br />l ARTICLE +. <br /> <br /> <br />Acceptance of Existing Premises; compliance with Regulations <br /> <br /> <br />1..1. Lessee acknowledges that it has, prior to the execution <br /> <br /> <br />hereof, inspected the Leased Premises, and that Lessee is <br /> <br /> <br />accepting the Leased Premises in their present condition. By <br /> <br /> <br />occupying the Leased Premises, Lessee shall be deemed to have <br /> <br /> <br />accepted the same and to have acknowledged that the sam e <br /> <br /> <br />comply fully with Lessor's covenants hereunder. <br /> <br />1..2 Lessee acknowledges that it will comply with the San Marcos <br /> <br /> <br />Municipal Airport Standard Operatinq Procedures and <br /> <br /> <br />Requlations and the Minimum Standards for Fixed Base Operators <br /> <br /> <br />and Airport Tenants, as these now exist or may be amended <br /> <br /> <br />I ' during the term of this Lease, and any conflict between this <br /> <br /> <br />Lease and these Procedures, Regulations and Standards will be <br /> <br /> <br />resolved in favor of the Procedures, Regulations and <br /> <br /> <br />Standards. <br />