2019-038 - Authorizing Assignment of Airport Ground Lease Agreement from Colin Marino to TEXBAMA2, LLC - Hangar M

Home Browse Search

any of such improvements except through authorized condemnation procedures, and LESSEEshall have thefiall and peaceful use and enjo3qnent thereof during the primary to of this lease. All permanent improvementsshall become the property of LESSOR upon the termination of the initial forty (40) year period of AGREEMENT, without compensation -to LESSEE. UAWT—ENA.N USE 18. LESSEE shall, at its own cost and expense at all times during the term of AGREEMENT, to Keep and maintain property and facilities in good condition and repair, reasonable wear and tear alone excepted, cotnplying -with all fire, building, and property maintenance codes and zoning regulations now in force, or that may be hereafter enacted with regard to the -use of the airport premises, maintaining roofs and walls free from leaks and damage, painting as necessary to prevent and retard rusting and to enhance appearance as the Mari ginal finishes deteriorate, and maintaining property clear of clutter, junk, weeds and high grass. .19. LESSEE shall conduct its o.eration and maintain the leasehold in such a manner as to be free of p environmental contamination, and shall store neither fuel nor defuel any aircraft inside any hangar. 20. LESSEE shall not cause or permit any use or activity that would create a hazardous condition for aircraft operating at the airport, 21. LESSEE shall pay or cause to be paid all charges for water, gas, electricity, sewer, cable, and any and all other utilities used on the leased premises throughout the to of AGREEMENT, including connection fees. 22. The primaryPutpose for which the leased promises have been leased is fear the development and construction of an airplane hangar to be storage used for the of airplanes and related aero aut 0 1, 11 ical equipment and other items of- personal property pertaining to that use and owned by the LESSEE. In . addition to the provisions and limitations set forth below, LESSEE shall have the right to use the leased premises for lawful purposes of private use only -which are related to aviation or the aviation industry., in conformance with the requirements of the City's master plan, and in such a manner so as not to materially and adversely affect the development and improvement, operation, or maintenance of the airport. 23. No hangar shall be used as a residence or shall be eased :fear residential purposes. However, such facilities as a sink, bathroom, or associated features to provide for periodic temporary overnight stays or social -uses within a portion of the hangar shall be p - en-nitted.