Res 2007-122 - Laserfiche WebLink

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continue the use of the Airport for airport and aviation purposes shall constitute a default. The Lessee may give notice to the City of such a default, and if the City 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 City 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, Fuel Storage Tanks and fuel island and canopy 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 and Fuel Storage Tanks, at its sole cost and expense. If the Lessee fails to make any required repairs required within 30 days after written notice from the City, the City 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 City the full cost of the repairs within 30 days of the City'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 City shall maintain the public taxiway and public parking lots upon acceptance of dedication. 4.02. The City will use airport revenue funds to maintain the existing runways, taxiways, and entrance roads on the Airport. The City 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 construct the aviation business facilities (the "Facilities"), as depicted generally on the attached Exhibit C on the Leased Premises to consist of two metal hangar buildings of approximately 1 00x1 00 each. The construction shall be in accordance with sealed plans for the complete project prepared by an architect or structural engineer licensed or registered in the State of Texas, which plans must 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 substantially begin the construction of one building of the Facilities (Hangar No.1) no later than October 1,2007. Pursuant to the option agreement noted in