Res 1996-201 - Laserfiche WebLink

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105 LEASE OF AIRPORT PROPERTY/BUILDING THE STATE OF TEXAS COUNTY OF CALDWELL This Lease Agreement ("Lease") is made and entered into by and between the City .~ . of San Marcos, ( "Lessor") and North American Top Gun, Inc., ("Lessee"). I The Lessor is the owner of the San Marcos Municipal Airport, situated in Caldwell ! County, Texas, "Airport," by virtue of deeds from the United States Government. All covenants, terms and conditions of this Lease must be reviewed by the Federal Aviation Administration before the effective date of the Lease. In consideration of the obligation of Lessee to pay rent and in consideration of the other terms, covenants and conditions, Lessor demises and leases to Lessee, and Lessee takes from Lessor the real property, approximately 7,300 square feet, together with all improvements, located on the San Marcos Municipal Airport, known as Building 6-367, or the Old Fire Station, as shown on the attached Exhibit "A" (called the "Leased Premises"), upon the following terms and conditions: ARTICLE I Acceptance of Existing Premises . 1.1 Lessee acknowledges that it has, prior to the execution of this Lease, inspected the Leased Premises, and that Lessee is accepting the Leased Premises in its "as is" condition. By occupying the Leased Premises, Lessee shall be deemed to have accepted the same and to have knowledge that the same comply fully with Lessor's covenants. ~ 1.2. Lessee acknowledges that it has read and will comply with the Minimum Standards t for Fixed Base Operators and Airport Tenants ("Minimum Standards") as published ( by Lessor which applies to Lessee's business endeavors. ARTICLE II Rentrr erm 2.1 The Lease will commence on February 1, 1997 and end on March 31, 1997. Rental shall accrue from the commencement date of this Lease as defined above, and shall be payable at the place designated for the delivery of notices to Lessor at the time of payment. 2.2 Lessee shall pay to Lessor rental in amount of $ 250.00 per month. The first monthly installment shall be due and payable on or before the commencement date, and an additional monthly installment in like amount shall be due and payable on or before the first day of the succeeding calendar month during the term of this Lease. Notwithstanding the foregoing, Lessee shall pay to Lessor contemporaneously with the execution of this Lease the sum of $ 250.00 as a security deposit, to be held by Lessor without interest and to bG applied to the first and last accruing installments of rental. 2.3 As further consideration and rental for the Leased Premises described in Exhibit f "A," Lessee agrees to pay to Lessor a monthly fee equal to one percent (1 %) of the -- gross income from any and all commercial enterprises of Lessee at the Airport, excluding sales or services to federal, state or local governments or other tax exempt organizations or agencies. Payment is to be made within ten (10) days of the least day of the previous month and shall be based on Lessor's income during the previous month. 2.4 As further consideration and rental for the Leased Premises, Lessee agrees to pay