Loading...
HomeMy WebLinkAboutContract 13621 CITY SECRETARY � 10 ari � i ;:��l fir CC N a;�.,r N o.O&� p 1 i ` 1 CLI RECEIVED )a7i FIXED BASE OPERATOR LEASE Yom! MAR 141984 T. 1 -° , city &UWV W" ~ HE STATE OF TEXAS § COUNTY OF TARRANT § S, THIS CONTRACT AND LEASE AGREEMENT is made by and between the City of Fort Worth, a municipal corporation in the State of Texas, acting by and through Morris C. Matson, its duly authorized Assistant City Manager, hereinafter called "Lessor," and Cook's Oil Company, Inc., a Texas corporation, acting by and through its duly authorized President, Joe W. Gillespie, hereinafter called "Lessee." W I T N E S S E T H : WHEREAS, Lessor owns and operates Meacham Field (hereinafter called "Airport"), located in the County of Tarrant, State of Texas; and WHEREAS, Lessor deems it advantageous to itself and to its operation of the Airport to lease unto Lessee certain privileges, rights, uses and interests therein, as hereinafter set out; and WHEREAS, Lessee proposes to lease on a generally net basis from Lessor certain ground space and to avail itself of certain priv- ileges, uses and rights pertaining thereto; and WHEREAS, Lessee further proposes to make certain improvements on the ground leased hereunder; and WHEREAS, Lessee has indicated a willingness and ability to properly keep, maintain and improve said premises in accordance with standards established by Lessor, if granted a lease of sufficient term on said ground area; and WHEREAS, Lessor and Lessee now desire to execute a lease of an area of land at Meacham Field providing for the construction of aviation-related improvements thereon. NOW, THEREFORE, KNOW ALL MEN BY THESE PRESENTS: That for and in consideration of the terms, conditions and cov- enants of this Lease to be performed by Lessee, all of which Lessee accepts, Lessor hereby leases to Lessee and Lessee hereby hires from Lessor certain property, together with any improvements thereon, (hereinafter called "leased premises") and certain attendant priv- ileges, uses and rights, as hereinafter specifically set out. 1. The leased premises, commonly known as Lease Site No. 21-S, contain a total of 3,000 square feet and are as described in the field notes marked Exhibit A and outlined in red on the plat marked Exhibit B, said exhibits being attached hereto and incorporated herein for all purposes incident to this lease. 2. The term of this Lease shall be for a period of twenty-five (25) years, commencing March 1, 1984 and ending February 28, 2009. If Lessee exercises and performs all of its duties and obligations hereunder during the term hereof, then upon applying in writing not less than three (3) years nor more than five (5) years before the end of said term, Lessee shall have the first right of refusal to execute a new lease of the leased premises should Lessor desire to execute a new lease, with such lease to be on such terms and condi- tions as Lessor shall prescribe. 3. Lessor covenants and agrees that at and until the granting of this Lease it is well seized of the leased premises and has good title thereto, free and clear of all liens and encumbrances having priority over this Lease; and that Lessor has full right and author- ity to lease the same as herein set forth. Lessor further covenants that all things have happened and been done to make its granting of this Lease effective, and Lessor warrants to Lessee peaceful posses- sion and quiet enjoyment of the leased premises during the term hereof upon performance of Lessee's covenants herein. Lessor further covenants and agrees that during the term of this Lease it will operate and maintain the Airport and its public airport facilities -2- as a public airport consistent with and pursuant to the Sponsor's Assurances given by Lessor to the United States Government through the Federal Airport Act. 4. Upon execution of this Lease, Lessor shall assume no further responsibility or liability as to the condition of the leased premises and shall not assume responsibility or liability for maintenance, upkeep or repair necessary to keep said premises in a safe and serviceable condition. Except as herein specifically provided, the use and occupancy of the leased premises by Lessee shall be without cost or expense to Lessor. It shall be the sole responsibility of Lessee to keep, maintain, repair and operate the entirety of the leased premises and all improvements and facilities thereon at Lessee's sole cost and expense. 5. Lessee accepts the leased premises in their present condition and, without expense to Lessor, will repair and maintain any instal- lation thereon and remove or cause to be removed any debris to the extent required to keep said premises in a neat and presentable condition at all times. 6. Lessee, at its sole cost and expense, shall provide for the construction and maintenance of one colored, all metal hangar upon the leased premises for the purpose of carrying out the activities provided for herein. Lessee covenants that said hangar shall contain approximately 2,500 square feet and that Lessee will expend on such construction approximately $100,000.00. 7. All improvements and other facilities (including landscaping) shall be constructed in accordance with plans and specifications approved by the Director of Transportation and Public Works and shall be subject to his inspection. No construction or installation -3- may be undertaken until this approval is secured. All plans, speci- fications and work shall conform to all local, state and federal codes, laws, ordinances and regulations now in force or hereafter prescribed by authority of law. Lessee shall, at its sole cost, obtain all necessary licenses and permits. 8. Lessee shall proceed in a reasonably diligent manner to com- plete construction. Upon completion of construction, title to all permanent improvements shall vest in Lessor. All other improvements of a non-permanent nature and all trade fixtures, machinery and fur- nishings made or installed by Lessee may be removed from the leased premises at any time by Lessee except as otherwise provided in this Lease. 9. Lessee shall, at its sole cost, maintain the leased premises and the improvements and appurtenances thereto in a presentable con- dition, consistent with good business practice, in a safe, neat, sightly and good physical condition. Lessee shall repair all damages to the leased premises caused by its employees, patrons or its oper- ation thereon; shall maintain and repair all equipment thereon, including any drainage installations, paving, curbs, islands, build- ings and improvements; and shall repaint and reglaze its own build- ings and facilities as necessary. Lessee agrees that, in the event it shall become necessary to make changes within the area covered by this Lease of plumbing, wiring or similar installations, Lessee will promptly make such changes and installations at its sole expense, subject to the approval by Lessor and in accordance with all applicable federal, state and municipal laws or regulations. Lessor, in its reasonable discretion, shall be the sole judge of the quality of maintenance. Upon written notice by Lessor to Lessee, Lessee shall be required to perform whatever maintenance Lessor deems necessary. If such maintenance is not undertaken by -4- Lessee within ten (10) days after receipt of written notice, Lessor shall have the right to enter upon the leased premises and perform such maintenance, the cost of which shall be borne by Lessee. 10. As annual ground rental for the ground area leased hereunder, as described in Exhibit "A" and shown on Exhibit "B", said area, containing a total of 3,000 square feet, Lessee shall pay to Lessor Fifteen and 7/10 cents ($.157) per square foot per year for an annual rental of $392.50 each year of the term of this Lease, subject to adjustment as hereafter provided. ADJUSTMENT OF RENTALS. The above rental rate shall be adjusted annually to the rate then in effect for comparable property but not to exceed eighty percent (80%) of the annual average change in the Consumer Price Index (CPI). TIME OF PAYMENT. All rentals shall be paid monthly in advance, in amounts equal to one-twelfth (1/12) of the annual rental, the first payment in the amount of $39.25 being due March 1, 1984, and a like payment shall be due on or before the first day of each succes- sive month thereafter. 11. Lessor hereby grants to Lessee the following general privi- leges, uses and rights, in common with others, all of which shall be subject to the terms, conditions and covenants hereinafter set forth and all of which shall be non-exclusive on the Airport: (a) The use in common with the public generally of all public airport facilities and improvements which are now or may hereafter be connected with or appurtenant to said Airport, except as hereinafter provided, to be used by Lessee for commercial or non-commercial aviation activities and fixed base operations, and all activities in connection with or incidental to said business or operation, as herein defined. For the purpose of this Lease, "public airport facil- ities" shall include all necessary landing area appurtenances, including, but not limited to, ap- proach areas, runways, taxiways, public aprons, public automobile parking areas, public roadways, public sidewalks, navigational and avigational aids, lighting facilities, public terminal facilities or other public facilities appurtenant to said Airport. -5- (b) The right of ingress to and egress from the leased premises over and across public roadways serving the Airport for Lessee, its agents, employees, servants, patrons, invitees, suppliers of service and fur- nishers of material. Said rights above shall be subject to such ordinances, rules and regulations as now or may hereafter have application at the Airport. Further, nothing herein shall be construed to grant Lessee a permanent right in any particular public airport facility should Lessor deem it advantageous to the operation of the airport to close or relocate any such facility. 12. In addition to the general privileges, uses and rights de- scribed above and without limiting the generality thereof, Lessor hereby grants to Lessee the right to engage in commercial aviation activities subject to the conditions and covenants set out in this Lease. Commercial aviation activities are hereby defined as those activities which involve the sale of aviation services for profit to the general public. Said aviation services shall include: (a) The loading and unloading of aircraft in any lawful activity as incidental to the conduct of any services or operations outlined in this paragraph. (b) The maintenance, repair and storage of aircraft, which shall include overhauling, rebuilding, repair- ing, inspection and licensing of same, and the pur- chase and sale of parts, equipment and accessories therefor. (c) The operation of a business of buying and selling aircraft and parts and accessories therefor and avia- tion equipment of all descriptions either at retail, wholesale or as dealer. (d) The training on the Airport of personnel in the employ of Lessee and/or Lessee's tenants and sub- lessees and the training on the Airport of members of the general public as students, or otherwise, in any art, science, craft or skill pertaining directly or indirectly to aircraft. (e) The location, construction, erection, maintenance and removal of improvements, in any lawful manner, upon or in the leased premises for the purpose of carrying out any of the activities provided for herein, sub- ject, however, to the conditions herein generally or particularly set forth. -6- (f) The operation and sale of sightseeing service. (g) The operation and sale of aerial survey, photography and mapping services. (h) The operation of non-scheduled air taxi and charter transportation of passengers. (i) The operation of schools for the instruction of fly- ing, navigation, mechanics, aerial survey, photo- graphy, aircraft design, theory and construction. (j) The renting and leasing of space in hangars to be constructed hereunder for the private storage of air- craft on a daily, weekly, monthly or annual basis. (k) Subject to the prior written approval of Lessor, the undertaking of any phase of aviation activity in any way contributing to air transportation or aerial nav- igation. 13. The granting of this Lease is conditioned upon the following covenants: (a) That the right to use said public airport facilities as well as any and all of Lessee's rights hereunder shall be exercised only subject to and in accordance with the laws of the United States of America, the State of Texas and the City of Fort Worth; the rules and regulations promulgated by their authority with reference to aviation and air navigation; and all applicable rules, regulations and ordinances of Lessor now in force or hereafter ordained or promul- gated. (b) That Lessee will not, on the grounds of religion, race, color or national origin, discriminate or permit discrimination against any person or group of persons in any manner prohibited by Federal Aviation Administration regulations. 14. Lessee agrees to conduct all commercial aviation activities in a proper, efficient and courteous manner and to promote aviation activities on the Airport. Lessee further agrees that all said services shall be furnished on a fair, equal and non-discriminatory basis to all users thereof and that only fair, reasonable and non-discriminatory prices for each unit of sale or service will be charged. 15. Lessee shall assume and pay for all costs or charges for util- ity services furnished to Lessee during the term hereof. Lessee shall have the right to connect to any and all storm and sanitary -7- sewers and all water and public utilities at its own cost and expense, and Lessee shall pay for any and all service charges in- curred therefor. 16. Lessee shall provide a complete and proper arrangement for the adequate sanitary handling and disposal away from the Airport of all trash, garbage and other refuse caused as a result of the operation of its business. Lessee shall provide and use suitable covered metal receptacles for all such garbage, trash and other refuse. Piling of boxes, cartons, barrels or other similar items in an unsightly or unsafe manner on or about the leased premises shall not be per- mitted. Lessee shall also provide and maintain in proper condition readily accessible fire extinguishers in a number and of a type approved by fire underwriters for the particular hazard involved. 17. Lessee shall not maintain upon the outside of any improvements or elsewhere on the leased premises any billboards or advertising signs without the prior written consent of the Airport Manager. Flashing lighted signs shall be prohibited. 18. Nothing herein shall be deemed to relieve Lessee and its ten- ants, sublessees, patrons, invitees and others from such field use charges, including fuel flowage fees as are levied generally by Lessor directly or indirectly at the Airport. 19. Lessee hereby gives, grants and pledges unto Lessor a contrac- tual Landlord's Lien upon all property, tangible or intangible, and property rights belonging to Lessee now or at any time hereafter placed in or upon the leased premises to secure the prompt payment of all rentals and fees and the performance of any or all covenants and obligations to be kept and performed by Lessee hereunder. -8- 20. Lessee agrees to provide paved off-street parking sufficient to meet the needs of Lessee's employees and invitees. 21. During the full term of this Lease, Lessee shall, at its sole cost and expense, cause all improvements constructed on the leased premises to be kept insured to the full insurable value thereof against the perils of explosion, fire and like perils. Said insurance shall be procured from a company authorized to do business in the State of Texas and satisfactory to Lessor, and Lessee shall provide evidence satisfactory to Lessor that such coverage has been procured and is being maintained. The proceeds of any such insurance paid on account of any of the perils aforesaid shall be used to defray the cost of repairing, restoring or reconstructing said improvements, as necessary, in the opinion of Lessor. Property insurance policies required by this paragraph shall contain waiver of subrogation endorsements and shall contain a pro- vision that no change, cancellation or renewal of such insurance shall take effect until at least thirty (30) days after notice thereof in writing has been delivered to Lessor. 22. Lessor shall stand indemnified by Lessee as herein provided. Lessee is and shall be deemed to be an independent contractor and operator responsible to all parties for its respective acts or omis- sions, and Lessor shall in no way be responsible therefor. Lessee covenants and agrees to indemnify, hold harmless and defend, at its expense, Lessor, its officers, agents, servants and employees, from and against any and all claims or suits for damages or injury, in- cluding death, to any and all persons or property, of whatsoever kind or character, arising out of or incident to the leasing, use, occupancy or maintenance of the premises by Lessee, its officers, -9- agents, employees, patrons, contractors, subcontractors, licensees or invitees; and Lessee does hereby assume all liability and respon- sibility of Lessor, its officers, agents, servants and employees, for such claims or suits; and Lessee hereby indemnifies and holds harmless Lessor for any and all damage or destruction to Lessor's property arising out of the acts or omissions of Lessee, its offi- cers, agents, employees, contractors, subcontractors, licensees or invitees. Lessee shall pay promptly when due all bills or charges for construction or maintenance as well as any other amounts due for material, services and labor furnished in connection herewith and shall indemnify Lessor for non-payment of same. Lessee shall indem- nify Lessor against any and all mechanics' and materialmen's liens or any other type of claims or liens imposed upon the leased prem- ises arising as a result of Lessee's conduct or inactivity. 23. Lessee shall promptly, after the execution of this Lease, pro- vide public liability insurance for personal injury or death arising out of any one accident or other cause in a minimum sum of Three Hundred Thousand Dollars ($300,000.00); and shall provide property damage liability insurance in a minimum sum of Three Hundred Thousand Dollars ($300,000.00) for property damage arising out of any one accident or other cause. Lessee shall maintain said insurance with insurance under- writers authorized to do business in the State of Texas and approved by Lessor. Lessee shall furnish Lessor with a certificate from the insurance carrier showing such insurance to be in full force and effect during the entire term of this Lease or shall deposit with Lessor copies of said policies. Said policies or certificates shall contain a provision that written notice of cancellation or of any material change in said policy by the insurer shall be delivered to Lessor thirty (30) days in advance of the effective date thereof. -10- 24. At any time that Lessee undertakes construction of any improve- ments in excess of $25,000.00, Lessee shall, at its own cost and expense, cause to be made, executed and delivered to Lessor two sep- arate bonds in accordance with Article 5160 of the Revised Civil Statutes of Texas as follows: (1) Prior to the date of commencement of construction, a contract surety bond (performance bond) in a sum equal to the full amount of the construction contract awarded. Said bond shall be drawn in a form and from such company as approved by Lessor; shall guarantee the faithful performance of necessary construction and completion of improvements in accordance with approved final plans and detailed specifications; and shall guarantee Lessor against any losses and liabil- ity, damages, expenses, claims and judgments caused by or resulting from any failure of Lessee to perform completely the work described as herein provided. (2) Prior to the date of commencement of construction, a payment bond with Lessee's contractor or contractors as principal, in a sum equal to the full amount of construction contract awarded. Said bond shall guar- antee payment of all wages for labor and services engaged and of all bills for materials, supplies and equipment used in the performance of said construc- tion contract. 25. This Lease shall be subject to cancellation by Lessor in the event Lessee shall: (1) Be in arrears in the payment of the whole or any part of the amounts agreed upon hereunder for a period of fifteen (15) days after the time such payments become due. (2) Make a voluntary or involuntary assignment for the benefit of creditors. (3) File a voluntary petition in bankruptcy. (4) Abandon the demised premises. (5) Fail to replace any improvements which have been destroyed by fire, explosion, etc., within six (6) months from the date of such destruction, or, (6) Default in the performance of any of the covenants and conditions required herein. In any of the aforesaid events, Lessor shall give Lessee written notice of such breach or default, and Lessee shall immedi- ately correct same. If within thirty (30) days from the date of such -11- notice, the breach or default complained of shall not have been corrected, then and in such event, Lessor shall have the right to declare this Lease immediately terminated as to the balance of the term hereof; and may forcibly, if necessary, re-enter and take immediate possession of the leased premises and remove or seize Lessee's effects under the Landlord's Lien granted to secure perfor- mance of Lessee's obligations hereunder without being deemed guilty of any nature of trespass; provided, however, that, in the event that Subsections (2) and/or (3) occur, Lessor shall not be required to give written notice to Lessee, but Lessee shall have thirty (30) days from the occurrence of said event to correct same. This Lease, or a copy hereof, shall be sufficient warrant for any person. All rental due hereunder shall be payable to said date of termination. Failure of Lessor to declare this Lease terminated upon the default of Lessee for any of the reasons set out shall not operate to bar or destroy the right of Lessor to cancel this Lease by reason of any subsequent default or violation of the terms hereof. 26. This Lease shall not be assigned in whole or in part by Lessee without the prior written consent of Lessor and any attempted assignment without such prior written consent shall be void. 27. During the time of war or national emergency, Lessor shall have the right to lease the landing area or any part of said Airport to the United States Government for military or naval use. If any such lease is executed, any provisions of this instrument which are inconsistent with the provisions of the lease to the Government shall be suspended. Nothing contained in this Lease shall prevent Lessee from pursuing any rights which Lessee may have for reimburse- ment from the United States Government for the taking of any part of this Leasehold or for any loss or damage caused to Lessee by the United States Government. -12- 28. Upon termination of this Lease other than under Paragraph 25 hereof, Lessee shall immediately remove all personal property from the leased premises and return the premises and improvements thereon to Lessor in a good state of repair. Any property remaining on the premises after termination shall, at Lessor's sole option, become the property of Lessor or same may be removed and/or disposed of in any manner deemed appropriate by Lessor. Lessor shall not be liable in any manner for such removal and/or disposal; and the cost and ex- pense of such removal and/or disposal shall be paid by Lessee. 29. It is specifically agreed and stipulated that the following concessions and the establishment thereof are excluded from this Lease, to wit: (a) Ground transportation for hire. (b) Auto rental. (c) Food sales. (d) News and sundry sales. (e) Barber and valet service. (f) Alcoholic beverage sales. (g) Aviation fuel sales. 30. Lessor, through its officers, agents, servants or employees, shall have the full and unrestricted right to enter the demised premises for the purpose of doing any and all things which Lessor is authorized or required to do under the terms of this Lease or for the purpose of performing its governmental functions under federal, state or local rules, regulations and laws, including but not limit- ed to necessary and proper inspections under applicable Health, Mechanical, Building, Electrical and Plumbing Codes or other health, safety and general welfare regulations enforced pursuant to Lessor's police powers. Additionally, Lessee's rights hereunder shall be sub- ject to all existing and future utility easements and rights-of-way -13- granted by Lessor for the installation, maintenance, inspection, repair or removal of facilities owned or operated by electric, gas, water, sewer, communication or other utility companies and to all rights of such utility companies under ordinance or statute to utilize publicly owned property in providing utility service; pro- vided, however, such utility easements shall not unreasonably or unnecessarily interfere with Lessee's proper use, development and maintenance of the demised premises. 31. In any action brought by Lessor for the enforcement of the obligations of Lessee, Lessor shall be entitled to recover interest and reasonable attorney's fees. 32. Lessee agrees to pay any taxes or assessments which may be law- fully levied against Lessee's occupancy or use of the leased prem- ises, or any improvements or property placed thereon as a result of Lessee's occupancy. 33. This Lease shall be subordinated to the provisions of any ex- isting or future agreement between Lessor and the United States relative to the operation or maintenance of the Airport, the execu- tion of which has been or may be required as a condition precedent to the expenditure of federal funds for the development of the Airport. 34. Notices to Lessor provided for herein shall be sufficient if sent by certified mail, postage prepaid, addressed to Airport Manager, Meacham Field, Fort Worth, Texas 76106, and notices to Lessee if sent by certified mail, postage prepaid, addressed to Cook Oil Company, Inc., Meacham Field, Fort Worth, Texas 76106, or to such other addresses as the parties may designate to each other in writing from time to time. -14- 35. All of the terms, covenants and agreements herein contained shall be binding ,upon and shall inure to the benefit of successors and assigns of the respective parties hereto. 36. The venue of any action brought on this contract shall lie in Tarrant County, Texas. V--l"-day EXECUTED at Fort Worth, Ta'rr�ant County, Texas, this of , 19c " . CITY OF 'FORT WORTH COOK'S OIL COMPANY, INC. Assistant City Manager P sident ATTEST: ATTEST: lJ-u City SlecreY Corporate Secretary APPROVED AS TO FORM AND LEGALITY: City Attorney Date: wo3 APPRO(V�E_D QBY CITY COUNCIL --C- CiiB W2 77, acre 3Le Date -15- FIELD NOTES FOR REVISED LEASE SITE NO. 21-S MEACHAM FIELD FORT WORTH MUNICIPAL AIRPORT A tract of land out of the James Wallace Survey, being a portion of a tract of land conveyed to the City of Fort Worth by deed recorded in Volume 1112, Page 574, Deed Records, Tarrant County, Texas, and also being a portion of Fort Worth Municipal Airport, Meacham Field, more particularly described using the Texas Coordinate System, North Central Zone, coordinates and bearings as follows: COMMENCE at a point in the north line of 38th Street and the west line of North Main Street, said point being an easterly southeast corner of Meacham Field, THENCE: North 89 degrees 49 minutes 16 seconds west 1,472.14 feet and North 2 degrees 50 minutes 26 seconds east 934.57 feet to a railroad spike at the southwest corner of existing Lease Site No. 15 and the be- ginning point and southeast of herein describe Lease Site No. 21-S, the coordinates of said beginning point are X = 2,044,263.34, Y = 417,885.98; THENCE: North 87 degrees 09 minutes 34 seconds west 50.0 feet to a ?' iron pin for the southwest corner of herein described Lease Site No. 21-S; THENCE: North 2 degrees 50 minutes 26 seconds East 60.0 feet to a z' iron pin for the northwest corner of herein described Lease Site 21-S; THENCE: South 87 degrees 09 minutes 34 seconds East 50.0 feet to the northwest corner of existing Lease Site No. 15 for the northeast corner of Lease Site No. 21-S; THENCE: South 2 degrees 50 minutes 26 seconds west along the west line of Lease Site No. 15, 60.0 feet to the place of beginning and containing 3,000.0 square feet of land more or less. TRANSPORTATION AND PUBLIC WORKS DEPARTMENT GARY L. SANTERRE, P.E., DIRECTOR G. DALLAS WILLIAMS, P.E., CITY ENGINEER EPD:tm 8-2-83 Et f"•30' sat•os'34"e. e0.0' .�: w ee�o 0 - SITE SITE N ^... NO.P-1-8 N I i (!,000.00 30.Ft) H N07009 34"W. P 0 D x•t.o4.,eQ.]4 Y.417,995.94 v A n e n m t ul b o � n o Q N 2 Z N89°49'16"W. 1,472.14' 38 TH. STREET PLAT SHOWING LEASE SITE N0. 21-S MEACHAM FIELD NOTES PLAT REVISED 8-3-83 A CITY 9F FORT WORTH PF,fIII.IC Yk1!lKS� MARTMxN'f'► Poo"0-,JK" f%.t so City lof' Fo►t Worth, Texas Mayor and Council Communication DATE REFERENCE SUBJECT: New Lease - Cook's Oil Company, PAGE NUMBER 2/21/84 **C-8225 Inc. - Meacham Field� 1)� ' 1 of Cook's Oil Company, Inc. seeks to lease a site measuring 50' x 60' which lies immediately west of the site now leased to Mr. E. E. Stell at Location 22-S. On the land, the firm proposes to build a 2,500 square foot hangar at an estimated cost between $90,000 and $100,000. The firm had proposed to remedy a drainage problem on the lease site by installing an 18" drain beneath the building. However, an engineering drainage study indicated a drainage Swale as a recommended method of handling the site drainage, which was approved by Transportation and Public Works Department. Cook's Oil owns two aircraft to be hangared in the new building. One of the airplanes is now based at Springtown and one is already on Meacham Field. The company plans to trade one of the single engine planes for a twin-engined aircraft, with most of the fuel to be purchased on Meacham Field. Term of the lease with Cook's Oil will be twenty-five years, beginning on the first day of the month following issuance of a building permit. The Department of Development staff has stated that the plans submitted by Cook's Oil are satisfactory, and a building permit can be issued upon approval of the lease by City Council. The rate will be .157 per square foot per year for total annual revenue of $392.50. The rate may be adjusted annually to an amount not to exceed 80% of the annual average change in the Consumer Price Index (CPI). At the end of the primary term, the lessee will have the first right to negotiate a new lease on the improved site. At its meeting on July 20, 1983, the Aviation Advisory Board unanimously recom- mended approval of the new lease. Recommendation It is recommended that the City Council authorize the City Manager to enter into a new lease contract with Cook's Oil Company, Inc. under the terms outlined above. MCM:jc SUBMITTED FOR THE CITY MANAGER'S y .� DISPOSITION BY COUNCIL: PROCESSED BY OFFICE BY: 0 0 , 'l APPROVED ORIGINATING OTHER(DESCRIBE) DEPARTMENT HEAD: Ike Thompson --- CITY SECRETARY FOR ADDITIONAL INFORMATION CONTACT: Loretta Scott 624-1127 DATE L I, j d S S -I j O 590.19 I I _ I I 1 I � U1 i x Z n N w O n COL O m m m- m v cn N m DI z C m m m p N x > C7 = Z m m D N rn -� e - y � m Z m ° -7o a e moi) I L m w w D ry� o n o m a .1 D I 3 z 3 --j O ���• p Oo D m m m 3 ® m < v m v v or 0 =< { a < m A z m m m rri � Rl z X x O D n FORT WORTH CITY LIMITS zv n WEDGMONT — ————— — i CIRCLE SOUTH I FUTURE STREET EXTENSION ro& 0 CLEAR FORK V ^0. At f f e2> i wesro��e 3 i. F• I wrf,�k�k R E qct UR v ort Worth CI�}y Lt` _i# Ltne IYAf1 i Hl6HGR WOROCIL 8 O I I SOUTH op, WOO ! \ o FAwn o TRAIL EVEREST DR e• w[Ocww DARLA'D o° �•. w CARLVL6 3 6uRGE,U 2 O '� $ee Exhibit B. �• •'•_t �<� ��a�Y ��< /J For} Worth GfV Li i, Line - w, _oJp% ,Y e op C.¢S.F. R.R. /NOysTRlA L _ doZrGAEN AO AAR A0.0/TION � ti oY Y�. ► S.+wirA er SEwF y ApAeoAc MAiN exalair EX/Sr/NG SAN.SEWERS AROAOSC/.7 SA N SEW Z-R APPROAC.Y MAIN • v / 07A1,FRS(PE.Q Co v vzrcT/ON C"JA.PGE I]UE) ---C—C—C—C—