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11-A-2&3 Airport Report
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August 13, 2001
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11-A-2&3 Airport Report
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Last modified
9/12/2012 11:11:18 AM
Creation date
8/11/2001 1:00:55 PM
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Template:
AGENDA
Item Number
11-A-(2)&(3)
AGENDA - Type
CITY ATTORNEY REPORT
Description
Cox Field Airport
AGENDA - Date
8/13/2001
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Private Hangars <br />Ground <br />Graund I~ease Rental? <br />Terms of Leases <br />If Taxes Due, <br />Ownership Revert <br />iGnds of insuranee Required . <br />Airport <br />Make-up of Baard <br />Available? <br />Leases? <br />(Primary) <br />tu 6e Faid by <br />tu City? When. <br />Advisury <br />Lessee? <br />Board <br />Size <br />TEXARKANA' <br />Yes <br />Yes <br />Averages to be 20,000 <br />Yes <br />Yes <br />Yes. Immediately <br />Loss/Damage to improvements - fire <br />8 <br />AIRPORT <br />square feet at $0.15 per <br />upon completion of <br />and extended coverage - in an amount <br />SEE <br />AUTHORITY - The <br />square foot per year, <br />improvements. <br />not less than 80% of the fair insurable <br />NEXT <br />Authority owns the <br />increased every 5 years <br />value; General Liability -$300,000 <br />COLUMN <br />airport and governs <br />witlt tlte CPI <br />bodily injury; $300,000 property <br />t h e a i r p o r t <br />damage; Workers Compensation - in <br />operations. <br />amounts as may be required; <br />Members are: 2 <br />Comprehensive Automobile Liability - <br />attorneys, 3 small <br />in amounts as may be requued; Aucraft <br />business owners, a <br />Liability - in amounts as may be <br />h o u s e w i f e, a n <br />required ; All-Risks Builder's Risk <br />insurance specialist, <br />Insurance - during period of construction <br />and 2 retirees. <br />for not less than 80% of the fair <br />insurance value <br />CLEBURNE3 <br />AWAITING <br />A RESPONSE <br />BiG SPRING' <br />Yes <br />Yes <br />If there is an existing <br />Not more than 20 <br />No <br />Yes. At end of <br />Hangar-keeper's Insurance; Liability. <br />7 <br />REQUIREMENTS: <br />concrete pad -$84.00 per <br />years <br />primary term. <br />The Cityprovides structural insurance <br />must reside within <br />acre per month; if there is <br />under its policy and passes the cost <br />city; ACTUAL: 2 <br />exisring asphalt -$42.00 <br />along to the tenant. <br />active pilots, 3 <br />per acre per month; if the <br />businessmen, and 2 <br />land is raw -$21.00 per <br />citizens <br />acre per month; all <br />adjusted every 5 years <br />with the CPI <br />TERRELL3 <br />Yes <br />Yes <br />10% of the appraised <br />25 years <br />Yes <br />Yes. At end of <br />1. Real properry owned by the City is <br />8 <br />ACTUAL: 5 pilots, 3 <br />value of the land per year, <br />lease term. <br />insured under its policy; Lessor <br />m e m b e r s n o t <br />adjusted every 5 years <br />provides insurance for any personal <br />affiliated with airport <br />with the CPI <br />properry; Liability; Business liability <br />in any way <br />insurance; Bond with City listed as <br />beneficiary in the event of damage to <br />the Airport <br />Page 4 of 6 <br />
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