2009-066-RES-Construction of a new hangar at Cox field

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LESSEE shall be entitled during the term of this Lease to remove from the leased premises, or any part thereof, all aircraft, tools, machinery, equipment, and non-structural improvements located thereon; provided, however, that all buildings from which any property is so removed shall be restored by LESSEE in such a manner that the buildings are not materially damaged (i.e., restored to same condition that existed before installation or placement of the property) and that those items removed are not required in order for the structure to be utilized as a hangar. LESSEE shall remove all equipment, fixtures, and systems (as specified in this Lease) upon termination or expiration of this Lease. If LESSEE fails to remove such property from the leased premises upon termination or expiration of this Lease, then LESSOR retains the right to remove or have removed at the expense of LESSEE all equipment, fixtures, and systems, and LESSEE agrees to pay LESSOR for such expense within fifteen (15) days after receipt of an invoice from LESSOR. 6. That, except as otherwise provided herein, LESSEE will use the leased premises only for aviation purposes, and administrative offices, and in any lawful manner necessary or incidental to the conduct thereof. 7. LESSOR hereby grants, assigns, and conveys to LESSEE reasonable non-exclusive, non-discriminatory use, as defined by the FAA, of the runways, landing and taaciing ways, and common use portions of the Airport and related facilities at all times, subject, however, to the right of others entitled to use thereof. The LESSEE shall pay reasonable and customary fees, if any, for the use of such portions of the Airport. 8. The LESSOR reserves for the use and benefit of the public a right of flight for the passage of aircraft in the airspace over the leased premises and for such noise as may be inherent in the operation of aircraft in said airspace, and for landing on, taking off from or operating on the Airport. 9. That LESSEE agrees not to make any additions or modifications to the leased premises or improvements unless agreed upon by both parties in writing and following review and approval of the additions or modifications by the City Engineer and City Building Official or authorized designee. In the event of such consent, all improvements or modifications shall be made at the expense of LESSEE and, at the expiration of this Lease, shall become the property of LESSOR. 10. LESSEE agrees that the usage of the leased premises plus any associated apron shall be limited to the parking of LESSEE's personal/company/customer owned aircraft. All Han¢ar Lease A¢reement - page 6