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Item No. 18 <br />memorandum <br />TO: Mayor & City Council <br />FROM: John Godwin, City Manager <br />SUBJECT: STANDARD HANGAR LEASE <br />DATE: February 17, 2017 <br />BACKGROUND: We have no consistent standard lease for city -owned hangars at Cox Field, <br />and the airport advisory board set as one of their goals to create one and consistently enforce it. <br />The board and city council previously adopted the use of a new standard ground lease for <br />privately -built hangars, and since then I also drafted a new one for city -owned facilities. The <br />board reviewed a first draft at its January 19 meeting. I made revisions based on their feedback, <br />and also made changes based on input from our FBO and the city attorney. The board met again <br />on February 16 and recommended approval by the council of the attached new lease. <br />STATUS OF ISSUE: The new lease provides for a more specific default process in the case of <br />renters not paying in a timely manner, governs what may and may not be done in and around the <br />hangars and the maintenance thereof, covers insurance requirements, etc. We will base rental <br />rates on the final actual cost of the new city hangar now under construction by TXDOT, so that <br />all costs will be recouped over the life of the structure. <br />BUDGET: NA. <br />RECOMMENDATION: Approve attached standard lease and authorize its use for all future <br />leases of city -owned hangars at Cox Field. <br />I <br />