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RESOLUTION NO. 2023-42R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS, TEXAS APPROVING THE AIRPORT FACILITY <br /> REDEVELOPMENT LEASE AGREEMENT FOR COMMERCIAL USE <br /> WITH 5X5 AIRPORT DEVELOPMENT, LLC, FOR A 7,200 SQUARE <br /> FOOT HANGAR FACILITY WITH AN ADDITIONAL 8,000 SQUARE <br /> FEET FOR VEHICLE PARKING WITH AN ADDRESS OF 1813 AIRPORT <br /> DRIVE, HAVING A TERM OF 30 YEARS AT AN INITIAL RENT OF <br /> $2,066.67 PER MONTH; AUTHORIZING THE CITY MANAGER OR HER <br /> DESIGNEE TO EXECUTE THE AGREEMENT ON BEHALF OF THE <br /> CITY; AND DECLARING AN EFFECTIVE DATE. <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS: <br /> PART 1. The attached Airport Facility Redevelopment Lease Agreement for <br /> Commercial Use with 5X5 Airport Development,LLC,for a 7,200 square foot hangar facility and <br /> an additional 8,000 square feet for vehicle parking,with an address of 1813 Airport Drive, having <br /> a term of 30 years with an initial rent of$2.066.67 per month, is hereby approved. <br /> PART 2. The City Manager, or her designee, is hereby authorized to sign said <br /> agreement on behalf of the City. <br /> PART 3. This resolution shall become effective on March 1, 2023. <br /> ADOPTED on February 21, 2023. <br /> 'Jane Hughson <br /> Mayor <br /> Attest: <br /> Elizabeth Trevino <br /> City Clerk <br />