2021-047 - Approving and Authorizing the Execution of Assignment of Airport Ground Lease Agreement between Sheradon Carter and teh City of Paris for Hangar A-7 at Cox Field to Collin Hadley

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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 nothave the right to alter or destroy any of such improvements except through authorized condemnationpmcedures, and LESSEE shall have the full and peaceful use and enjoyment thereof during the primary term of this lease. All eMrmanent improvements shall become the property of LESSOR upon the termination of the in forty (40yea perinri n� auug, without compensationto LESSEE. MAINTENANCE & 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, eoaaplying-witty allure;-bei}ding, and -property maintenance-=des-=d-zu, tg 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 necessaryto prevent and retard rusting and to enhance appearance as the original finishes deteriorate, and maintaining property clear of clutter, junk, weeds and high grass. 19. LESSEE shall conduct its operation and maintain the leasehold in such a manner as to be flee of environmental contamination, and shall store neither fuel nor defuel any aircraft inside any hangar. 24. LESSEE shall not cause or permit any use or activity1hat 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 term of AGREEMENT, including connection fees. 22. The primary purpose for which the leased premises have been leased is forthe development and construction of an airplane hangar to be used for the storage of airplanes and related aeronautical equipment and other items ofpemonal propertypertaining 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 ofprivate use only which are related to aviation or the aviation industry, in conformance with the requirements ofthe 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.