17 - Ground Lease Agreement with Dr. Louis Trenchard for construction of a private hangar

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plans and specifications. 10. The approval by LESSOR of any plans and specifications refers only to the conformity of such plans and specifications to the general architectural plan for the leased premises and compliance with all applicable codes and ordinances, and such approval shall not be withheld unreasonably. Such plans and specifications are not approved for architectural or engineering design, and by approving such plans and specifications LESSOR assumes no liability or responsibility therefor or for any defect in any structure constructed from such plans or specifications. 11. Construction of improvements shall be conducted in full conformance with the City's Building Codes and other pertinent ordinances, including the payment of all building inspection fees or other fees associated with construction, and with Federal Aviation Administration and Texas Department of Transportation standards and requirements. 12. Any and all improvements constructed shall be consistent with the purposes provided for in this AGREEMENT and contribute to furthering the City of Paris's Airport Master Plan or airport development objectives. 13. LESSEE shall require all contractors and sub -contractors to maintain general commercial liability and workers' compensation insurance, or in lieu thereof provide such coverage itself. 14. All improvements shall be substantially complete within eighteen (18) months of execution of AGREEMENT. Failure to timely complete construction of the hangar shall be considered a breach of the lease agreement and subject the tenant to all customary remedies for such breach, including termination. In the event that construction has commenced, but will not be completed in a timely manner, LESSEE may apply to LESSOR for an extension of time, said application to include an approved construction timing plan. LESSOR is under no obligation to grant the extension in the absence of the valid excuse, but such extension will not be unreasonably withheld. 15. LESSEE shall provide as -built plans to LESSOR for all improvements made during the term of this AGREEMENT. 16. LESSEE shall not erect, paint upon, attach, exhibit or display in, on, or about said leased premises any sign without the prior written consent of LESSOR. 17. All permanent building and improvements placed upon the leased premises by LESSEE shall become the ad property of LESSEE, and will be classified for ad valorem tax purposes as property belonging to LESSEE; provided, however, that LESSOR shall not have the right to alter or destroy any of such improvements except through authorized condemnation procedures, and LESSEE shall