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HomeMy WebLinkAboutContract 27876�4N �AC� fVp �,�� O� � FORT WORTH SPINKS AIRPORT HANGAR LEASE AGREEMENT HANGAR W�1 This HANGAR LEASE AGREElVIENT (��Lease") is mac�e and entered into by and bet�veez� the C�TY OF FORT WORTH {�{Lessor"}, a home rule municip� corpoz'ation organized under tl�e laws of the State of Texas, ac#ing by and through Marc Ott, its duly authorized Assistant City Manager, and AP AVIATiOIiT PROPERTIES LIIVIITED PARTNERSHIP (��Lessee"), a Texas l�mited parinership, acting by and thraugh Brian Shiu, the duly aufhorized Vice Preside�t af Development of AP Aviation, Inc., a Texas co�aaration and Lessee's sole general partner. Ln cansiderarion of t�ae mutual covenants, promises and oblxgations cantained herein, Lessor and Lessee agree as follows: i. PROPERTY LEA5ED. 1.L Demised Prernises. Lessor hereby demises to Lessee the following real property {hereinafter referred to collectivaly as the "Prernises") at Fort Worth Spinks Airport ("Airport"): (i} 10,000 square feet of conventional hangar space, identified as Hazagar W-1 and depicted on Exhib�t ��A", attached hereto and� hereby inade a part of this Lease for all purpases, but specifically �xcluding the approxunately 2,SQ0 square feei of office space therein (the "Office Space"), which is also depicted on Exhibit "A" and shal� remain im the possession of Lessor and/or any parly ta whom Lessor ele�ts, in its sole discretian, to lease, license, assign ar otherwise convey such Offic� Space; {ii) 39,400 square feet of ramp space and other improved property, as depicted on Exhibit "A"; and (iii} twenty (20} aircraft tie-down spaces, as depicted on E�ubit "A". Lessee, at Lessee's sole eost and axpense, shatl have all portions of the Premises except Hangar W-1 surveyed and, after Lessor and Lessee ha�e app�'oved such survey, the survey sha11 be incorporated herein %r aIl purposes and may be attached to this Lease as part of Exhihit "A". 1.2. Eauipment Licensed far Lessee's Use. Lessor hereby licenses to Lessee the �se of the equipment identified on Exhibit `tiS", attached hereto and hereby made a part of this Lease far all purpases, from the Effective Date of this Lease until the expization af the Initial Term or any Renewal Term or earlier termination of this Lease. Upon receipt of Lessor's written consent, Lessee, at Lessee's sole cost and exper�se, may upgrade or replace such equipment as necessary for Lessee's use Qf the Premises and apeXat�ons at the Airport with fizrniture and equipment of a type and in a conditian as good as or better than the equipmant identified on E�ibit "B". Tiile to any such up�ade�i or replaced equipment sha.�l vest in Lessflr upon installation in the Prernises wiless Lessee deIivers the corresponding piece of equipment �icensed hereunder to Lessor in accordance wifh Lessor's instruc�ons, in which case title to such upgr�.ded or replaced equipxnent shall remain with Lessee. Lessee may alsa use and retain Hangar Lease with Anthony Properties _ ���G I r-. Wr�113 - . V,� ', � title to eq�ipment owned by Lessee other than �he eyui�pment licensed hereunder in its provision of FBO services at the Airport. ]..3. Ri�hts af Access b'v Lessor and Certain Third Parties. Lessor, its officers, ag�ents, servants, employees, tenants, license�s, contractors and subcontractors, herelay reserves the right of full access ta Hangax W-1 a� all tvnes and at no cost in order to use and permit lawful use of th� �ffice Space. Lessee will pravide Lessor with an�r keys, security codes and all ather information or material n�cessary for Lessor, its off�cers, agents, ser�arits, ernployees, contractors and subcontractors to enter Hangar W-1. Lessee hereby authorizes Lessor ta duplicate a�rry such keys and to divulge arzy sucb security codes ar other information to {i) Lessor's Aviation Department personnel whos� duties reyuire access to the Oi�ice �pace and (ii) tenants andlor licensees of Lessar who rent or use all or a portion of the �ffice Space. 1.4. License of Parkin� Facilities. In cQnnection with the autharized use of the Premises under this L�ase, Lessee, its afficers, employees, agents, cantractars, subcontractors and patrons shali have the nan- exelusive right to park autamabiles in fihe parking area adjacent to Hangar W-1 identifi�d on Exhibit "A" sol�ly in accordance with Airport regulations and any specific instructions or direction� of the Aviation Department Directar or authorized representative ("Directar"}. 2. TERIVI OF LEASE. 2.1. Initial Ternn�. The "Initial Terr�" of �his Lease shall cvmmence at 12:Q0 A.M. on July 1, 2002 {`�Effective Date") �nd expire at 11:59 P.M. on June 30, 2007, unless terminated earlier as providecl herein. 2.2 Renewals. Unless Lessee is in default under this Lease at the time, at Lessee's option this Lease shall automatically renew £or subsequent terms of five (5) years �ach (each a "Renewal Term"} at rental rates for comparable property at the Airport, as specified by ihe Aviatian Department's published Schedule ofRates and Charges ("Schedule af Rates and Charges") in effect at th� tim�; provided, however, that, notwithstanding anything that may be consirued to the contrary herein, this Lease may not be ren.ewed for any term past 7une 30, 2Q42. 2.3. Hflldover. If Lessee holds ovez' af�er the expira�ion of the Initial Term or any Renewal Tertn, this action will create a rr�onth-to-month tenancy. In this event, �'or and during the holdover }�angar Lease with Anthany Properties period, Lessee agrees to pay ali applicable rentals, fees and charges at the rates provideci by the Schedule of Rates a�d Charges or similarly published schedule in effect at the time. 3. RENT. 3.1. Annual Rent for Premises. Frorn the Effective Date until 5eptember 30, 2002 Lessee shall pay Lessor rent far the Pr�mises based on (i) an annual rate of $1.38 per syuare foot for con�entional hangar space; plus (ii) an arataual rate of $0.2p per square %ot far ramp space and other �npro�ved property; plus (iii) a monthly rat� of $42.00 per aircraft tie-down space, or, collectively, $2,64Q per month. Prior to or on the Effective Date af this Lease, Lessee shall pay one {1) month's rent in advance. 3.�. Annual Adiustments. The rental rates set forth in Section 3.1 shall be subject to increase by Lessor an October 1, 2002, and �n October 1 of any year during the Inirial Term oX a Renewal Term (other than vn the effecfive date of any R�newal Term, in which case, as provided in Section 3.1, the rental rates shall be adjusted to equal the then-current rates prescribed by the Schedule of Rates and Charges) to reflect the upward percentage change, if any, in the Cozasumer Price Index for th� Dallas/Fort Worth Metropolitan Area, as announced by the United Sta#es Department of Labor ar succe�sor index and/or agency during the immediately preceding twelve-month period {��CPI Chauge"} (i), for the first increase, since fihe Effective Dat� of this Lease and (ii) for each subsequent increase, since the effective date of the last increase ("AnnuaI Rent Adjustment"); provided, however, that Lessee's rental rate shall not exceed the then-current rates prescribed by the Schedul� of Rates and Charges far the type or types of property at tl�e Airport similar io the type or types of property that cornprise the 1'remises. If there is no CPI Change ar the CPI Change is downward, the rentax rate �or the Premises shall remain canstant -until thc following 4ctober 1 st. In no event shall the rental rate for the Premises ever be adjusted downward. 3.3. Pavment Dates and Late Fees. Monthly rent payments are due o� or before the first (lst) day of each month. Payments must be received during normal working hours by the dua date at the location for Lessor's Revenue Office set forth in Section 16. Rent sha11 be cansidered past due if Lessor has not rece�ved full payment after the ten.th (lUth) day of the manth for wkiich payment is due. Without limiting Lessar's termination rights as provided by this Lease, Lessor will assess a la�e penalty charge of ten percent (la%) per rnan�h on the entire balance af any overdue rent that Lessee may accrue. 4. UTiLITIE5. L�ssee shall pay Lessor One Hundred Dollars ($100} per month as Lessee's pro rata share of the u�ility costs associated wilh Hangar W-1. I� any utiiity rates ar� inereased during the Initial Hangar Lease with Anthany Properties Term or a Renewa] Tertn, Lessee shall also pay its pro rata share of the respective utility rate increase follaw�ing the date it receirres written notificafion from Lessor of such rate increase. Lessee shall deliver its monthly utility paymen�� to the location for LessQr's Avia#ion Deparfinent as set forth in Section 16 on or before the fixst day of �ach month. �. MAIl�ITENANCE AND REPAIRS. 5.1. General Maintenance and Repairs bv Lessee. Lessee agrees to keep and rnaintain the i'rernises in a good, clean and sanitary condition a� all t�mes. Lessee covenar�ts and agrees that it will not make or suffer any waste of the Premises. Subject to S�ction 5.2 of this Lease, Lessee, at Lessea's sole cost and expense, will make alI re�airs necessary to prevent the cieterioratian in condifion or value of the Premises, including, bu# not limited to, the maintenance of and repairs to all hangars and oth�r structures, doors, windows and roofs, and all fixtures, equipment, hangar modifications and surrounding pavement, but excluding those portians af the pavement in the tie-dawn area shown an Exhibit "A". Lesse� shall be respor�ible for a11 dama�es �aused by Lessee, its agents, servants, employees, contractors, subcontractors, licensees or invitees, and Lessee agrees ta fully repair all such damages at Less�e's sole cost and expense. Lessee agrees that, except as atherwise expressly provided herein, all irnprovements, �rade fixtures, furnishings, eyuipment and ather personal property of every kind or description which may at any time be an the Premises shall be at Lessee's sale risk or at the soIe risk of those claiming under Lessee. Lessor sha11 no# he liable for any darnage to such property or loss suffered by Lessee's business or business operations, which may be caused by the bursting, overflowing or �eaking of sewer ar steam pipes, from water frorn any source whatsoever, ar fram any heating fixtures, plumbing fixtures, electric wires, noise, gas or odors, ar from causes of any other tnatter. �.2. Maior Ret�aiurs to Eaiistin� Han�;ar. With regard only ta Hangar W-1, Lessee wiXl be eligible for a rent credit in accordance with this Section 5.2 for the following types of maintenance or repair projects: (i} repairs or replacernent to the existing foundation where necessary to preserve the structural integrity of the hangar; (ii) replacement of the existing roof or exterior walls of the hangar; and (iu) replacement of existing i�eating, ventilation and air conditianing systems serving the hangar. In arder to qualify for this retxt credit, Lessee shall first submit aIl planis and specit"ications and estimates %r the costs for the proposed work, as well as contractar names and other pertinent information, to the Directar. LTpon the Directar's {i) written certificatiQn that the proposed project qualifies for a rent credit under this Lease and (ii} written approval of the plans, specifications and cost estimates and ather requested information (callectively, �he "Approved Plans"), Lessee may proceed with the project in accordance wiih the standards and reyuirements set forth in Section 7 of this Lease. Each month during any such project, Lessee shall su$mit to the Direcior paid invoices, cancel�d checks and/or other documentation reasonably reyuired by Lessor to verify the actual expenditures of Lessee for wark urtdertaken in accordance with the Approved Plans. Hangar Lease with Anthony Properiies Wifhin ten {10) working days of receipt of such documentation, the Director shall notify Lessee of any disalIawances, including, b�t not limited to, expenditures made for work tk�at does not comply with or conform to the Approved Plans. Upon completion of the praject tn Lessor's reasanable satisfaction, Lessor shall notify Lessee of (i} the fiill project costs quali�ying for the rent credit and {ii) the fiill amount of the rent credit, which shall be eighty percent (80°10) of the fu11 project cflsts qualifying for the rent credit (the "Rent Credit"}. Beginning an the first day of the follawing month, Lessee will receive credit on a monthly basis for an amount not to exceed fifty parcent (50%) of each monthly rental payment under this Lease �antil Lessee has received the full amaunt of the Rent Credit. If this Lease is renewed fo:r a Renewal Term, the Rent Credit will continue to be due and earned without interruption. However, Lessee shall waive the full balance of any Rent Credii due he�reu�der if {i) the City lawfully ternunates �his Lease in aceordance with its terms and conditions; (ii) this Lease is �ot renewed �or a Renewal Term; or {iii) this Lease exgires. �.3. Insuection, In addition to the ri�hts of acces� �ranted by Lessee pursuant to Section 1.3, Lessar shall have the right and privilege, thraugh its afficers, agents, servants andlar employees, to inspect the Pr�rnises at any time during normal business hours. Lessor shall have the right to perform any and all duties or obligations that Less�r is authorized or raquired to do t�nder the terms of this Lease ar to perForm its governmental duttes under federal, state or local rules, regulations and laws. Lessee will pertnit the F'ire Marshal of the City of Fort Wortl� or authorized designees to inspect the Premises at any time during narmal busir�ess hours, and Lessee wi11 comply vsrith all recommendations mad� to Lessee by the Fire Ma�shal or authorized designee to br�ng the Premises into cornpliance with Fire Code and Building Code provisions, as such provisions exist or naay hereafter be added or amended. Lessee shall maintain in a proper condition accessible fire extinguishers of a number and type approved by fire underwriters for the particular hazard involved. Lessor shall pravxde Lessee wi�h advance notice af inspection when reasonable under the circumstances. Notwithsfanding anything to the contrary in this Seetion 5.3, Lessor sha11 have the righ� to inspect the Premises at any time and for any purpose in the event of an emergency. Hangar Lease with Anthvny Praperties �.4. Performance. If Lessee is responsible und�r this Lease for any maintenance or repairs, Lessor shall notify Lessee in writing. Lessee agrees to undertake such maintenance or z'epair wark di�ig�ently wiYhin thirty (30) calendar days follawing receipt of such notice. If Lessee fails to undertake the recommended maintenance or repairs within this time, Lessor may, in its discretion, undertalce such maintenance or repairs on behalf of Lessee. In this event, Lessee will reimburse Lessor for the cost of the maintenance ar repairs, and such reimbursement will be due on the date of Lessee's next monthly rent payment fallowing completion of the maintenance or repaixs. �.�. Environmental Remediation. Lessee agrees that it has inspecied the Premises and is fully advised of its o�n rights without reliance upan any representa�ion made by Lessor eoncerning the envi�:ronmental condinon of tl�e premises. LESSEE, AT ITS SOLE COS�' AND EXPENSE, AGREES THAT I7' ShIALL BE FULLY RESPONSIBLE FOR THE REMEI)IATI'ON OF ANY VIDLATION OF ANY APPLICABLE FEDERAL, STATE OR L4CAL ENVIRONMENTAL REGULATIONS OR STANDARDS THAT IS CAUSED BY LESSEE, ITS OFFICER,S', AGE11rTS, SERVANTS, EMPLOYEES, CONTRACTORS, SUBCONTRACTORS OR INVITEES Lessor shall be responsible far the remediation of any violation of any applicable federal, state or local enviranrnental regulations that is caused by Lessor, its offic�rs, agents, �ervants or employees. For any violation of any applicable federal, state or laeal environmental regulations that is caused by a contractor o� Lessor (other than Les�ee), a subcontractor, prior tenant or other third party, Lessor shall be responsible for the remediation o#' the same or shall take all necessary steps to ensure that the person or en�ity causing such violation remediates fhe same. �.6. Le�see's Acceatance of Premises. L�ssee accepts the Premises in its present conditi�n as satisfactary for all puiposes set forth in this Lease. 6. DAN�GE OR DESTRUCTIaN T� PRElVII�E�. In the event of fire or oiher casualty which damages or destroys a11 or any part of the Premises, the following pravisions sha�l apply: 6.1. Covera�e bv Lessee's Insurance. Lessee's property insurance, as reyuired by Section, 11.1 of this Lease, shall be �rimary io any insurance on the Premises carried by Lessflr ar�d shall be used exclusively to repair ar rebuild the daxnaged or destroyed portions of the Prencaises. Lessee shall be respor�sible for o�ersight of all r�aairs or reconstruction on and to the Prernises and shall repair ar rebuild the damaged or destroyed portions of the Premises to the size and standards that meet or exceed the size and standards of such portions of the Premises prior Hangar Lease r�+ith Anthony Properties to the damage or destruction. All repair and reconstruction activities carried out by ar on behalf of Lessee shall be conducted in accc�rdance with Sections 7.2 through 7.6 a� this Lease. 6.2. Premises Uninsured or Underinsured bv Lessee. If' Lessee fails to carry adequate property insurar�ce in accardance with Section 11.1 of this Lease, Lessor, at Lessox's sote option, may (i) kerminate this Lease upon thirty (30} days' advance written notice to Lessee or (ii) repair or rebuild the Premises substantially to its former condition at Lessar's own cost a�d expense. If Lessor notifies Less�e in writing within. tlairly (30) days following the date of damage or destruction that Lessor intends to undertake the necessary repairs or reconstxuction, and the damage or destruction does nat re�der the affected portion of the Premises untenable, tihis Lease sha11 continue in effect wi.ihout any rent abatement whatsoever so long as Lessor diligently commences the repairs or reconstruc�ior� within one hundred eighty (1 SO} days from the dafe of the da�mage ar destruction. If the damage ar destruction does rend�r tlae affected portion of the Premises tempararily untenabI�, or Lessor does not commence the repairs �r recanstru�tion within one hundred ei�hty (180) days from the date af the darnage or de�truction, then for the period of time hetween� suck� date and tl�e date a certificate of occupancy is issued for t1�e po�tion of the Premises that was rendered untenable, rent shall be proportionally reduced by the amount of square footage rendered untenable. Upan the issuance of a certificate of occupancy and thereafter, rent shall comply with the Schedule of Rates and Charges in effect at the timc as they apply to the Premises as improved by Lessor. In other words, if Lessee was paying an unimproved ground rate and, pursuant to this Section b.2, Lessor rep�ired or rebuilt an aircraft hangar originally constructed by Lessee, then the subseyuent rental rate would not be that for unimproved land, but rather that wlxich appliecl to similar hangar space at the Airport �.t the �irne, i. COIiiSTRUCTION AND INiPROVElVIENTS. i.l. In GeneraI. Lessee may, at its sole discretion, perform modificatians, renovafions or improvements on or to the Premises (collectively, "Improvemen�") so long as it first submits a11 plans, specifications and estimates for the costs of the proposed work in writing and also requests a,r�d receives in writing approval from the Director. Lessee cove�ttants and a�rees that it sha11 fully comply with all prvvisions of this Section 7 in the undertaking o� a�y such Impravements. Lessor shall take full title to any Improvements on the Prernises upon th� expiration or earlier termination of this Lease, provided that trade �tures shall rema�in the propert}r of Lessee and may be retnoved so long as Lessee repairs any damage caus�d thereby. 7.�. Process for Apuroval of Plans. Less��'s plans for Improvements sha11 conform to the Airport's arrchitectural standards and must also reeeive written approval from Lessar's Departments of Development, Engineering and Transportation/Public Works. AIl plans, specificatio:ns aa�d Hangar Lease with Anthony Properties work shall conform to all federal, state and locallaws, ordinances, zules and regulations in force at the tirr�e that the plans are presented for review. 7.3. Dacuments. Less�e shall supply the Director with comprehensive sets �f documentation relative to any Improt+ement, including, a� a mi;nimum, as-buili drawings of each project. As-built drawings shall be new drawings or redlsne changes to drawings previously providecl to the Director. Lessee shall supply the textual documezrtatian in coinputer format as requested by Lessor. 7.4. Bonds Repuired of Lessee. Prior to the commencement of any Improvement, Lessee shall deliver to Lessar a bond, �xecuted by a corporate s�rety in accardance �n+ith Texas Government Code, Chapter 2253, as amended, in the full amount of each construction contr�.ct or project. T'k�e bands shall guarantee (i) satisfactory compliance by Lessee with� alI appli�able requir�ments, terms and conditions of this Lease, includin.g, but not lirnited to, the satisfactory complet�on of the respective Ixnprovements, and (ri} full payments to all persons, firms, corparations or other entities with whom Lessee has a direct relationship for fhe eonstruction of such Irnprovemen�s. In lieu of the rey�ired bond, Lessee may pravide Lessor wi#h a cash deposit or an assignment of a eertificate of depo�i� in an amount �ual to 125% of the full amount of each construction con�'act or praj�ct. If Lessee makes a cash deposit, Lessee shal� not be entitled to any interest earned thereon. Certificates af depasifi shall be from a financial institution in the Da11as-Fort Wortl� Metrapolitan Ar�a which is insureci by the Federal Deposit Inswrance Co:rpora�on and acceptable to Lessor. The interest eamed on the certificate of deposit sha11 b� the property of Lessee and Lessor shall have no rights in such interest. Yf Lessee fails to complete the respective Improvements, or if claims are filed by third parties on graunds relating to such Irnprovements, Le�sor shall be entitleci to draw dawn the full amount of L�58��'S cash deposit or certificate o� deposit and apply the proceeds to complete the Improvements or satisfy the claims, provided that any balance shall be remitted to Lessee. '�.�. Bonds Reauired o�Lessee's Cantractors. Prior to ihe commencement of any Improvement, Lessee's respective contractor sha11 exectate and deliver to Lessee sur�ty performance and payment bonds in aecordance with the Texas Governrnent Cade, Chapter 2253, as amended, to cover the casts of all work performed under such contractoz's cantract for such Improvements. Lessee shall provide Lessar with copies af such bonds prior to the cornmencement of such Improvements. The bonds shall guarantee (i) the faithful perfot-mance and completion of all constniction work in accordance with the final plans and specifications as approved b3� Lessor and (ii} fu11 payment far a.�l wages for labor and services and of all bills for materials, supplies and eyuipment used in the periarmanc� of the cons�ruction cantract. Such bonds shall name to both Lessor and Lessee as dual obligees. If Lessee serves as its own contractor, Section 7.4 shall apply. Hangar Lease with Anthony Properties fi.6. Releases bv Lessor UAon Comnletio� af Construction Work. Lessor will allow Lessee a dollar for-dolla�' reimbursement from its cash deposit accoux�t or xeduct�on of its claim upon Lessor's certificate of deposit upon (i), whez'e Lessee serves as its own contractor, verifica�ion that Lessee has completed construction work or (ii), where Lessee uses a con�ractor, receipt of the contractor's invoice and verificafion that the cantractor has completed its work and released Lessee to the extent of Lessee's payment for such work, including bills paid, affidavits and waivers of liens. 8. USE OF PREMISES. Lessee hereby agrees to use the Premises solely for or in direct connection with the provision of fixet� ba�e operatar ("FBO") services at the Airport. As a eondition precedent to Lessee's author�za�ion to provide FBO services, an F'BO permit issued by the City must be valid and in effect ("FBO Permit"). 9. SIGNS. 9.1. Aircraft Movement Zane Si�. Lessee, at Lessee's sole cos# and expense, sha11 install and maintain sigr�s by all do�rways inside any hangar structure on the Prernises pernutting access to an aircraft movement zone which ia�dicate that the area being enterred is located within an aircraft movement zane. Lessor must approve in vvriting �he wording, size, appeaxance and locativn of any such sign prior to installaiion. 9.2. Additianal5i�ns. Le�see, at Lessee's sale expense and with th� prior written approval of the Director, may install and maintain signs on the Premises related to Lessee's business opera�ions. �uch signs, however, must be in keeping �v�i�h the size, calor, location and manner of display of other signs at the Aiiport. Hangar Lease with Anthony Properties 9.3. IViaintenance and Remaval of Si�ns. Lesses shall maintain all signs in a safe, neat, sight�y and physicalIy good condition. Lessee agrees ta pay Lessor for any damage, injury or necessary repairs to �he Prernises or other Airport property resulting from the installation, maintenance or r�moval af any such sign. Lessee also agrees to re:move any sign at its own expense as soon as practicable following a request for such r�moval from the Director. 10. RIGHTS AND RE5ERVATIONS OF LESS�R. Lessor laereby retair�s fihe following rights and resetvations: 14.1. Lessee's rights hereunder shall be subject to all existing and future u�ility easements and rights-of-way granted by Lessor for the installation, maintenance, inspection, repair or removal of facilities owned or �pera�ed by eleetric, ga�, water, sewer, communicatian or other utility companies. Lessee's rights additionally shall be subject to all r�ghts granted by all ordinancas or statutes which a11ow such utility companies to use publicly owned praperty far the provision of utility services. ]4.2. Lessor reserves the right to take any action it considers necessary to protect the aerial approaches of �he Airport against obstn.tction, including, but not limit�l to, the right to prevent Lessee fram erecting or perrnitting to be erected any building or other structure which, in the opinion of Lessor, wauld limit the usefulness of the Airport, constitute a hazard to air�raft or diminish the capability of existing or future avigational or navigational aids used at the Airport. 10.3. Lessor reserves the right to ckose tempararily the Airport or any of its facilities for maintenance, irnprove7n�nts, safety or security of either the Airport or the public, or %r any othee cause deemed necessary by Lessar. In this event, Lessor shall in no way be liable for any damages asserted by Lessee, including, but not limited to, da�nages ftom an alleg�d disruption of Lessee's business operations. 10.4. This Lease sha11 be subordinate fo the provisions of any existing ar future agreement between Lessar and the United States Govenunent which relates to the operarion or maintenance of the Airport and is requirecl as a condition for the expenditure of fec�.eral func�s for the development, maintenance or repaar of Airport infrastruchue. 10.�. During any war or natianal emergenc�, Lessor shall have the right to lease any part of the Airport, including its Ianding area, to the United Stafes Gavernrnent. In thi� event, any provisions of this instrument which are inconsistent with the provisions o#'the lease to the Government shall be suspended. Less�r sha11 not be liable �ar any loss or damages alleged by Lessee as a result of thi� action. Hawever, nothing in this Lease shall prevent Lesse� from �ursuing any rights it ma� have for reimbursement from the United States Government. �langar Lease with 10 Anthony Proparties 10.6. Lessor covenants and agrees that during the term of this Lease it will operate and maintain the Airport and its facilities as a public ai.z'port consistent w�ith and pursuant ta the Sponsor's Assurances given by Lessar to the United 5tates Government through the Federal Airport Act, a public document which is an file in Lessor's City Secretary's Office and which is incorporated herein by reference for aIl purposes. Lessee agrees that this Lease and Lessee's righis and privileges hereunder shall be subordinate to the Sponsor's Assurances. 11. INSUIt�TCE. 111. Tvnes of Coverage and Limits. Lessee shall pracur� and rnaintain a� all ti�nes, in fu11 force and effect, a policy or polieies of insurance as specified in this Section 11, naming the City of Fart Worth as an additional insured and covering a11 risks related to the leasing, use, occupancy, maintenance, existence or location of the Premises. Lessee shall obtain #he following insurance coverage at the limits specified herein: o Pronertv: Fire and Extended Cot�erage on alI improvemezits on ttke Premises at full replac�nent cost limit; * Commercial General Liabilitv: $3,400,000 per occurrence, including praducts and completed operations; • Automobile Lia6ilitv: $1,000,000 per accident, including, but not limited to, coverage on any automobile used in Lessee's ape�rations on the Premises; � Han�arkeeuers Le�al Li�bilitv: $1,400,000 per occurrence; � Environ�nental Tmpairment Liabi�itv: $1,000,000 per occutx'ence. In addition, Lessee shal� be responsibl� for all insurance to constraction, improvemen�s, modifications or renovations to the Prernises and for personal properiy af its ow� ar iz� its care, custody or control. 11.2. Adiustments to Reaui�red Cavera�e and Lirn�its. Hangar Lease with 11 Anthony Pro{�erties Insurasice r�quirements, including additional types of coverage and increased limits on eaeisting coverages, are subject fio change at Lessar's option if Lessor's risk manager reasonably determines that additional co�erage or increased limits are necessary to cover Lessee's operations at the Airport. Lessee will accordingly comply with such new requirements witivn thirty (30) days following notice to Lessee. 1I.3. Cer�ificates. As a condi�ian precedent fo the effectiveness af this Lease, Lessee shall furnish Lessor with appxopriate certificates of insurance signed by the res�ective insurance companies as proof that it has obtained the types and amQunts of insurance coverage required herein. Lessee hereby eovenants az�d agrees that nat less than thirty {30) days prior to the expiratian of any insurance policy required hereunder, it shall provide Lessor with a n�w or renevwal certificate of insurance. In addition, Lessee sha11, at Lessar's rec�uest, provide Lessor with ev:�dence that it �as maintained such coverage in full force and efFect. 1L4. Additional ReQuirements. Lessee shall maintain its insurance with underwriters authorized to do business in the �tate of Texas and which are satisfactory to Less�r. The policy or policies af insurance sha11 be endo:rsed ta cover alI of Lessee's operations at the Airport and to pro�icie that no material changes in coverage, including, bu� not limited to, cancellat�an, tennination, nan- renewal or amenclment, shall be made withouY thirty {30) days' prior written notice to Lessor. 12. INDEPENDEI�T CONTRACTOR. 7t is expressly understaad and agreed that Lessee shall operate as an independent cantractor as to all rights and privileges gra�t�ted herein, and not as an agent, representative or emp�oyee of Lessor. Lessee shall have the exclusiv� right to control the details of i�s aperations and ac�iviti�s on the Premise� and sha11 be solely responsible for tl�e acts and omissions of its officers, agents, servants, employees, contractors, subcontractors, patrons, licensees and invitees. Lessee acknowledges that the doctrine of respandeat superior shall not apply as between L�ssor and Lessee, its officers, agents, err�playees, contractors and st�bcontractors. Lessee further agrees that nothing herein shall ba construed as the creation of a partnership or joint enterprise between Lessor and Lessee. 13. LIABILITY AND INDEMNIFICATIOI�T. LESSEE SHAL� BE LIABLE AND RESPONSIBLE FOR ANY CLAIMS, DEMANDS, LAWSUTIS OR OTHER ACTIONS FOR DAII�'AGES OF ANY KIND, .�NCLUDING, BUT NOT LIMITED TU, PR4PERTY L4SS, PROPERTY DAMAGE A1VD/OR �'ERSONAL INJURY OF ANY gI1VD, INCLUDING DEATH, 7'D ANY AND ALL PERS�NS, OF ANY KIND OR CHARACTER, WHETHER REAL QR ASSERTED, TO THE EXTENT' CA USED BY THE NEGLIGENT OR WILLFUL ACT(S) OR OMISSI0IV(S} OF LESSEE, ITS Hangar Lease with I Z A�►thony Properties OFF.ICERS, AGENTS, SERVANTS, EMPLOYEES AND/OR SUBLESS�ES. I1V ADDITION, LESSEE, AT LESSEE'S OWN EXPENSE, SHALL INDEMNIFY, DEFEND AND HOLD HARNfLESS LESSOR, I�5 OFFICERS, AGENTS, SERVANTS AND/OR EMPLOYEES, FROM AND AGAINST ANY CL�I113T, LAWSUIT DR OTHER ACTI�N .F'DR DAMAGES OF A�VY �1'ND, INCLUDING, BUT NOT L.IMITED TD, PROPERTY DAMAGE 4R LOS'S (.INCLUDING ALLEGED DAMAGE OR LOSS TO LESSEE'S BUSINESS AND ANY RESULTING LOS'7' PROFITS} AND/OR PERSONAL INJURY, INCLUDING DEATH, TO ANY AND ALL PER501YS, OF A.NY �IND OR CHARACTER, WHETHER REAL OR ASSERTED, TO THE EXTENT CA USED BY THE 1VEGLIGENI' OR WILL�`UL ACT(S) OR OMISSIDN(S) �F LESSEE, ITS 4FFICERS, AGENTS, SERVANTS, EMPLOYEES AND/OR SUBLESSEES. LESSUR DOES NOT GtTARANTEE P4LICE PROTECTION TO I.ESSEE OR 1'TS PROP�RTY. LESSOR IS OBLIGATED ONLY TO PROVIDE SECURITYADEQUATE TO MAfNTAIN LESSOR'S CERTIFICATIUN UNDER FAA REGULATIONS. LESSEE SHALL COMPLY WITHALL APPLICABLE REGULA7'IDNS OF THE FAA PERTAINIIVG TO AIRPORT SECURITY ON 7'HE PRE1I��SES WHICH IS RELATED �'U LESSEE'S OPERATIONS THEREON AND SHALL CO�PERATE WITH LESSO� IN THE IMPLEIVIENTATION AND ENF4RCEMENT OF LESSDR'S SECURITY PLAN AT THE AIRPORT, LESSEE S�YALL PAY ALL FINES 1'MPOSED BY THE FAA ON LESSOR OR LESSEE RESULTIIVG FR�M LESSEE'S FAILURE TO COMPLY WITH SUCH FAA REGULATIONS APPLICABLE TO THE PREMISES OR TO PREYENT UNAUTSORIZED PERS'ONS OR PARTIES FROM THEIR OBTAINING ACCESS TO THE AIR OPERATIONS flREA OF THE AIRPORT FROM THE PREMISES. 14. WAIVER OF CHARITABLE IMMUNITY OR EXEMPTIOI�T. If Lessee, as a charitable association, corporatian, pat�nership, individual enterprise or entity, claims immunity to or an exemprion from liability for any kind of property damage or personal damage, injury or death, Lessee hereby expressly waives its rights #o plead defensively any such smmunity ar exemption as against Lessor. Hang�r Lease with 13 Anthany Properties 15. DEFAULT A1�TD REIVIEDIES. 1�.1. Failure bv Lessee to Pav Rent, Fees or Ot�er Char�es. If Lessee iails ta pay any r�nt, fees or other charges due under this Lease, Lessar shall deliver to Lessee a written invoice and notice to pay the invoice withiin ten (IO) calenciar days. If Lessee fails to pay the balance outstanding within such time, Lessor shall have the right to terminate this Leas�; immediately. 1�.2. Failwre ta Have or Maintain FBO Certification. If Lessee's FBO Permit is lawfully revaked or lawfully not renewed, L�ssor shall have tl�e right to terminate this Lease immediately upon provision of written notice to Lessee. 15.3. Failure to Comnlv with Other Terms or Condifions. If Lessee breaches nz' de�aults under any provision of t�is L�ase, ather than those breaches ar defaults that are addressed by Seetions 15.1 and 15.2, Lessar shall deliver written notice to Lessee specifying the nature of such breach or de�ault. Lessee shall have thirty (30) calendar days follawing such written notice to cure, adjust or correct the problem to the standard existin� priar to the breach. If Lessee fails ta cure the breach or default within such time period, Lessor shall have the right to terminate this Lease immediai�ly; provided, however, fhat in the event such breach or default cannot reasonably be cured within thirty (30) calendar days following such written notice, Lessee shall not be in default if Lessee cammences fo cure, adjust or cox-rect tl�e problern within snch thirty (30) day period and fhereafter diligently and in good faith pursues such cure, adjustment or correction to concIusion. 1�.4. Ri�hts of Lessor Upon Termination or Exniration. Upon termination nr expiration of this Lease, all rights, pawers and privileges granted ta Lessee hereunder shall c�ase and Lessee shali vacate the Premises. Within tvwenty (20} days following the effective date of termination or expiration, Lessee sha11 rernave from the Pren�ses all trade fixttu'es, tools, machinery, equipment, rnateri�ls and supplies placcd on the Premises by Lessee pursuant to this Lease. After such time, Lessor shall have the right �o take full possessian Qf the Premises, by force if necessary, and to remove any and all parties and property retnaining on any part of the Premises. Lessee agrees that it wil� assert no claim of any kind agains� LessQr, its agents, servants, empinyees or representatives, which may stem from Lessor's lawful terminatior� of this Lease or any act incident tq Lessor's assertion of its right to terminate or Lessor's exercise of any righks granted hereunder, excludit�g such acts of Lessor's neglig�;nce which cau�e direct dama�es to Lesse�. 16. NOTICES. Hangar Lease wiih 1�4 Anthony Properties Notices required pursuant to the provisians af this Lease shall be conclusively determined ta have been delivered when (i) hand-delivered to the otl�er party, its agents, ernployees, seivants or representatives, or (ii) deposited in ihe United �iates Mai1, postage prepaid, addressed as follows: To LESSOR: Far Rent: City of Fort Worth Revenue Office 100Q Throckmorton Fort Wartk� TX 761 d2 To LESSEE: Anthony Properties Attn: R. Jay Anthony 12774 Coit Road, Suite 117D Dallas TX 75251 With a Copy to: 3ames Kevin Flynn Sch�ef & Stone, L.L.P. . 5956 Sherry Lane, Suite 14D0 Dallas TX 75225 17. 18. ASSIGNMENT AllTD SUBLETTING. 17.1. In General. For All Other 1Vlatters: City of Fort Warth Aviation Degartment 4201 N. Main St. Ste. 200 Fort Worth TX 7610b Lessee sl�all not assign, sell, convey, su�lease or trar�sfer ar�y af its right�, privileges, duties or interests gran.ted by this Lease without the advance written consent of Lessor, which consent shall not be unreasonably withheld Qr delayed. 17.2. Conclitaons af Annroved Ass��nments and 5ubleases. If Lessor consents to any assignment or sublease, all tenns, ccavenants and agreements set forth in this Lease shall apply to the assignee or sublessee, and such assignee or s�blessee shall be bound by the terms and conditions of this Lease �he same as if it had o�iginally executed this L�as�. The failure or refusal of Lessor to appro�e a re�uested assignment or sublease shall not relieve Lessee o� its obligations hereunder, including payment ofxentals, fees and charges. LIEllTS. Hangar I.ease witl� I S Anthotay Properties 1l�.1. Liens bv Lessee. Lessee acknowledges that it has na authority to,engage in any act ar to make any contract which may create or be #he foundation for any lien upon the property or inter�st in the property of Lessor. If any such purported lien is created or filed, Lessee, at its sole cost and expense, shall liquidate and discharge the same within thirty (30) days af �uch crea�ion or filing. Lessee's failure to discharge any such purported lien shall constitute a breach of thzs Lease and Lessar may tezminate th�is Lease upon thirfy (30) days' written notice. However, Lessee's f�nancial abligation to Lessor to liquidate and discharg� such li�n shall continue in effect following terinination of this Lease and until such a time as the lien is discharged. 18.2. Landlord's Li�n. IN ADD�TIDN TO ANY APPLICABLE STATTITORY LANDLORD'S �IEN, LESSEE GRAN7'S TO LESSOR, IN ORDER TD SECURE PERFORN�ANCE BY LESSEE OF ITS OBLICAT'IONS UNDER THIS AGREEMENT, A SECURITY INTEREST IN ALL GOODS, INVENTORY, EQUIPM�NT, FIXTURES, FURNITURE, IMPR4VEMENT,S, Ch�ATTEL PAPER, ACCUUNTS A� GENERAL INTANGIB�ES, AND OTHER PERSONAL PROPERTY OF LESSEE NOW OR HEREAFTER SITUATED ON OR I1V THE FREMISE,S OR OTHERWISE RELATING T� LESSEE'S USE UF THE PREMISES, AND ALL PROCEEDS THEREFROM (THE "COLLA Z'ERAL "). IF LL�'SSOR T'ERMIIVATES THIS AGREEMENT FOR A FAILURE BYLESSEE TO PAYLESSOR RE1VT OR FOR A1V�' OTHER BREACH OR DEFAULT BY LESSUR, �ESSUR MAY, IN .ADDITION T4 A�L OTHER REMEDIES, WITHOUT NOTICE OR DEMAND EXCEPT AS PROVIDED BELOW, EXERCISE THE RIGHTS AFFORDED A SECURED PARTY UNDER THE TEXAS UNIFOIIM COMME�CIAL C4D� ("UCC"). IN CONNECTION WITH ANY PUBLIC OR PRIVA7E SALE UNDER ?'HE UCC, LESSOR SHALL GIVE LESSEE FIYE (S) CALENDAR DAYS' PRIOR WRITTEN NOTICE OF THE TIME AND PLACE OF ANY PUBLIC SALE DF THE COLLATE�AL OR OF THE TIME AFTER 6YHICH ANY PRIVAT'E S`ALE OR OTHER INTENDED DISPOSITIOIV THEREOF IS TO BE MADE, WHICH IS AGREED TO BE A REASONABLE NOTICE OF SUCH SALE OR DISPOSITIQN. Upon Lessor's advance u+ritten consent, which shall not be unreasonably withheld or delayed, Lessor's security in�erest in the Callateral may be subordinated to a third party lender if the lender demands such subordination as a condition of financing Improvements undertaken by or on behalf of L�ssee. 19, TAXES AND ASSESSI�'IENTS. Lessee agrees to pay aziy and all federal, state or local t�es or assessments which may lawfuIly be levied against Lessee due to Lessee's use or oecupancy of the Pr�mis�s or any improvements or property placed on the Premises by Lessee as a result of its accupancy. Lessee also agrees to pay any and aIl federal, state or Iocal ta7ces or assessments which may 1a�vfully be levied against Lessor due to Lessee's use or occupancy of the Premises or property placed on the Premises by Lessee as a result o�' its accupancy, Hangar Lease with 16 Anthony Properties inc�urling, but not limited to, the Mandatozy Ix�pravements and any Discretionary Improvemet�ts. 20. C011�IPLIANCE WITI3 LAWS. ORDINANCES, RULES Al�iD REGULATIONS. Lessee covenants and agrees that it sha11 not engage in any unlawful use of the Premises. Lessee furthez� agrees that it shall not permit its officers, age:n�s, servants, employees, contractors, subcontractors, patrons, licensees or invitees to engage in any unlawfiil use of the Premises and Lessee unmediately sha11 remove from the Premises any person engaging in such unlawful activities. Unlawful use af the Premises by Lessee itself shall constitute an immediaie breach of ihis Lease. Lessee agrees ta camply with all federal, state and local laws; all ordinances, rules and regulations of Lessor; all rules and regulations established by the Director; and all rules and regulations adopted by the City Council pertaining to the conduct required at airports owned and operated by Lessor, as such laws, ordinances, rules and regu�atians exist or �nay hereafter be amended or adopted. If Lessor notifies Lessee or any of its officers, agents, employees, contractars, subcontractors, licensees or ir�vitees of any violation of such laws, ordinances, rules a:r regulations, Lessee shall immediately desist frorn and correct the violation. �1. NON-DISCRIlVIIllTATION COVENANT. Lessee, fnr itself, its personal representatives, successors in interest and assigns, as part af the consideration herein, agrees as a covenani runnin� with the land that no person shall be excluded from participation in or denied the benefits of Lessee's use of the Premises on the basis of race, color, national or�gin, religian, handicap, sex, sexual orienta�ion or familial status. Lessee fiirther agrees far itself, its personal representatives, successors in interest and assigns that no person shall be excluded fram the provision of any services an or in the construction of any impro�ements or a�terations to the Premises on graunds of race, color, national origin, refigion, haridicap, sex, sexual orientation or familial status. Lessee agrees to furnish its accommodations a�d to priee its goods and services an a fair and equal basis to all persans. In addition, Lessee cnvenants at�d agrees fhat it will at all tirnes comply with any requirements imposed by or pursuant to Title 49 of the Code of Federal Regulations, Part 21, Non-Diserimination in Federally A�sisted Programs of the Department of Transpartatian and with any amerndments to this regulation which may hereafter be enacted. If any claim arises from an alleged violation of this non-discrimination covenani by Lessee, its personal representatives, successors in interest ar assigns, Lessee agrees to indemniiy Lessar and hald Lessor harmless. �2. LICENSE5 AND PER1ViIT5. Lessee shall, at its sale expense, obtain and keep in effect all licenses and permits ne�essary for the operation of its oparations at the Airport. 23. GOVERNMENTAL POWERS. Hangar Lease with 17 Anthony F'roperties It is understaod and agreed that by exacution of this Lease, Lessor does not waive or surrende�r any of its gavernrx�ental powers. �4. NO WAIVER. Tkae failure of either party to insist upon the perfnrmat�ce a� any tezm or provi�ion of this Lease or to exercise any right granted herein shall not canstituie a waiver of that party's rigt�t to insist upon appropriate performance ar to assert an� such right on any fijture occasion. 2a. VENUE A1�TD d[JRISDICTION. If any action, whether real or asserted, at law or in equity, arises on the basis of any pro�ision af this Lease or af Lessee's operations on the Premises, venue for such action shalI lie in state courts located in Tarrant County, Texas or ihe United States District Caurt for the Narthern Distriet of Texas, Fort Worth Divisivn. Th�s Lease shail be construed in acc�rdance with the laws ofthe State afTexas. �6. SEVERABILITY. If any provision of this Lease shall be held to be invalid, illegal or unenforceable, the validity, lega.lity and en�Forceability oi the remaining pravisions shall nat in any way be afFected or impaired. �������/�I��i _�� Lessor and Lessee shall exercis� every reasonable effort to meet their respective obliga�ions as set forth in this Lease, but shaIl not be held liable for any delay in or omission of performance due ta force majeure or other causes beyond their reasonable control, including, but not limited ta, compliance with any government law, ordinance or regulation, acts oi God, acts of omission, fires, strikes, lockouts, natiQnal disasters, wars, riots, material or labor restrictions, tra.nsportation problems a�d/or any ottxer cause beyond the reasonable control ofLessor ox Lessee. �8. HEADING� NOT CONTROLLING. Headings and titles used in this Lease are far reference purposes only and shall nat be deemed a part of this Lease. 29. ENTIRETY OF AGREEMENT. This written instrument, ir�cluding any documen�s attached hereto or incorporated herein by ref�rence, contains the entir� understanding and agreement between Lessar and Lessee, 1fS a551�5 Hangar Lease with 1$ Anthony Properiies and successors in interest, as to the matters contained herein. Any prior or cantemporaneous aral or written agreernesit is hereby declared nu11 and void to the extent in canflicf with any provisioz�s of tlus Lease. The terms and conditions of this Lease sha1l not be amended unless agreed to in writing by both parties and approved by the Cxty Council of Lessor. IN WITNE WHEREOF, the parties hereto have executed this Lease in multiples, this � day of , 2002. � CITY OF FORT �VORTH: : ATTEST• B ` - Y= .�- City Secretary _ f �_ �!� ' _ �.�,.: � � � I � ._ ,_ _� Cantract Authorization _ _ Jl`�cl Q�..�_ — -- Date Hangar L,ease with Anthony Properties AP AVIATIOIiT PROPERTIES LIMITED PARTNERSHIP: By: AF Auiation, Inc., its sole General Partner; By: IB�� � �i�-- Brian Shiu Vice President of Development ATTEST: By: ,�.- �� �-.�,r���'-, .�cCre�c�n� � ���h ' �1�� 19 � �� •1-f , �;�U�f e��6� � 1, �c^ nnr.n�}� ��} r , ��t APPROVED AS TU FORM AND LEGALITY: :i�' �-�- ."�. Assistant City Attorn�i M & C: L-13315 �G-04-02 Hangar Lease with 20 Anthony Properties STATE OF TEXAS COUNTY OF I BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, on this day personally appeared Brian Shiu, Vice President of Development of AP Aviation, Inc., lcnown to me ta be the person whose name is subscrib�d to the faregoing instrument, and acknowledged to me that th� same was the act of AP Aviation Properties Limited Partnership and that he executed the same as the act of AP Aviation Properties Limited �artnership for the purposes and consideratian therein e�pressed and in th� capaci�+ therein stated. GIVEN UNDER MY HAND AND SEAL �F OFFICE this � day of , 2Q02. ��� Ch+istf�e Johnsan . ���,�j,y� � ��nlssion ExQires . �,�{,4� ,lanuarY 29� 2046 -- Notary Public in and for the tate of Texa� �TATE OF TEXAS § C�LJNTY aF TARRANT BEFORE ME, the undersigned authority, a Nota�y Public in and for the Sfiate a� Texas, vn this day personally appeared Marc Ott, known to me to b� th� person whose �ame is subscribed to the foregoing instrument, and acknovwledged to me that the same vwas the act of the City of Fort Worth and that he executed the same as the ack of the Ci�y of Fart Warth for the purposes and consi�leration therein expressed and in the capacity therein stated. � GIVEN LTNDER MY HAND AND SEAL OF OFFIGE this O�y day o , 20Q2. _� __:���iw �■�. a� �.�� _ �*��e'4., H�fTI� �id� 3��4�'� NOisti�l publlC, .5ta' tA Df%�(85 .� sa"'hrifiii+��r ���►IyI�B�a8Q3ires ...�� �,� � o#ary Public in and for the State of Texas Hangar Lease with Anthony Properties � ���:�.�i � �� i. �ti ^ • ti. � ����N � r. 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VF E�� � � . � � � � � r � _ , � � . � � � � : � . � �� d � . . � � ' , � , � � � � J ` , . � � � ,. � _. .. � 3C ' _ `� � , 1 '+ � „ _ . � U -� _ . _. - -- . __ . . - -- ' �: . �� . , � , • � �. ' � . ' �3� , aao � �uwn� F�r'� - � . �� � : � �. - � . �- . � � , � ._ ... ��,�� - - - � ' . _ ,� � � � , : ., � �1t2C,�t.raF'r "Ct��b�ia1N,5 - 1 � � �: � �. . _��, � . � � � ��'�'1'd' A� � `��1�� 3 a� 3 EXHIBIT ��B" EOUIPMEIiiT LICENSED FOR LESSEE'S USE I NUMBER � �� DE5CRIFTION Tractar Tug (Aircraft) Tractor Tu� (Aircraft) Millipore Fuel Samplin� Kit Flammable Starage Locker Jacobsen Utiiity Vehicle Foxcart GPU Air Compressor and Portable Air Tank Hangar Lease with 22 AntE�nny Properties SERIAL NO. 600-0015 600-Q012 N/A 008603P 1030010 N/A City of'�or�. �orth, Texas I�ayar and Coun�i[ Cor�n�unic��ion I]AiE REFERENC� NUMBER �OG NAME pq�� 6/4102 **�,o� �3� g� 55FB0 i 1 of 2 suB��cT AUTHORiZE LEASE AGREEMENTS WITH ANTHONY PROPERTIES FQR F1XED BASE �PERATOR SERVICES AT �ORT WORTH SPINKS ARRPORT RECOMM�NDATION: l� is recommended that the Ciiy Councif: Author�ze the City� Manager to issue a Fixed Base Op�rator permit to �Anthony Properties for operatian of a Fixed Base Operat�r fia�ility at Fort Worth 5pinks Airport; and 2. Execute an Office Lease Agreement wEtF� Anthony Properties for 144 square fieet of praperty in the Fixed Ba�e Operatar Hangar at Fort Worth Spinks Airp�rt; and 3. Execute a Hangar, Associated Ramp and Tie-down Spaces Lease Agre�m�nt with Anthony Properties at Fort Worth 5pinlcs Airport; and 4. Execute a Fu�l Farm Lease Agreement with Anthony Properties �or 6,500 square feet of adjacent pro�er�y at Fart �Workh Spinks Airp�rt. ❑ESCUSSION: Anthany Properties, through its Vice�Pre�ident af Operatians, B�ian 5hi�, proposes to 6egin Fix�d Base Operator services at Fort Worth Spin�s Airpo�t. The City currently p�avides these services, and with this action, will transition the provision af the services to Anthany Properties on July 1, 2Q02. In arder to accomplish this, the failawing agreements are necessary; � Fixed Base pp�ratar (FBO) Permit: Anthony Propertj�s requests an F80 permit for the right to sell fuel and p�avide other F6� services at Fart Warth S�inEcs Airport. The term of the permit will begin on July 1., 20D2, and expire J�ne 30, 20�7. The permit will automaticalfy �enew for another � year -t�rm if Anthony Properties is performing such services in compliance witi� th� Aviatian �epartment's FB� Mir�imum 5tandards then ir� effect; and . An. Office Lease for 144 s�uare feet of affice s�ace in the current FBO. Hangar. In order to begin �BO SBNIGES, Anthany Proper�ies has proposed to lease 144 sq�are faet of property in the FBO Hangar #hat includes�the service counter and associated s�ace currentfy �sed by the City to provide #he �BO services, The initial annual re�er�u� fram this lease will be $1,782.72, or $1�48.56 per manth. � T�e term of tY�is lease wil! begin on July 1, 2002, and expire on the date that Anthony Properties begins operation in their hangar ta be built north of the existing hangar. At tF�at �ime, the space will revert ta tt�e City wh�ch wi�I be fr�� far lease ta anather party. During the time that Anthany ProParties leases the office space, they agree ta be fully respansible 'for custodial and management duties associated wiih th� common areas in #h� hangar, including th� lobby, hallway, res#roams, and kitchen, and �'�ty of'Fo�t b�orth, Texas M�yor a�d Counc�l Cor�r�u�ic��tion DAiE REFERENC� NUMB�R LOG NAM� PAGE s�41o2 **L-� 331 � ��FBo f z o� 2 sue��cr AIJTHOREZE LEASE AGR EMENTS WITH ANTHONY PROPERTIES FOR FIXED BASE OPERAT�R SERVICES AT �ORT WORTH SPINKS AIRPORT A Hangar Lease Agreement for the 10,000 square�fooi hangar, 39,000 sq�aare feet of ramp space, and 20 aircraft tie-down spaces. The initial annu�l reven�e fram the f�angar will be $13,8D0.00, or $1,150,Q0 per rnonth. The initial revenue from the ramp wil) be $7,80Q.00, or $fi5p.Q0 per month. The aircraft tie-downs will yield $10,080.00 annually, or $84D.00 per month. The to#al an�ual revEn�e from fhis lease will be $31,680.OQ, or $2,840,0� per month. The t�rrn of the Eease will �egin on July 'I, 2002, and expire �fune 30, 2�07. The lease will automatically re�ew fQr anotF�er 5 year term if Anthony Properties is in complianc� wi�h the MinEmum Standards then in effec#. The lease wiil be subject to an annual increase to reflect tF�e upward percentage change in the Consumer Price ]ndex for the preceding year; and A Fuel Farm Lease with 6,50U square feet af improved pro�erty. Anthany Properties will lease the fue[ farm at the current prevailing rate of $273.fi9 per month, or $3,284.28 on an annual basis. They will also lease fi,500 sq�are feet of improved property adjacent to the fuel farm fot the installatian �f a self-s�rve fueling facili#y. The inifiai revenue from this lease will be $1,300.a0 per year, or $108.33 per manih. The term of the �ease will be fram July �, 2�02, to June 30, 2D07, and will aufomatically renew if Ant�ony Properties �s in compliance wit1� the Minimum 5tandards as they appiy ta FBO operators. The lease will be subject to an annuaf increase to reflect the upward percentage cha�ge in the Consumer Price Index for the preceding y�ar. TF�is �ease wi[I be 9n eanjuncfian with the FBO �ermit. If that permit st�ould be revo[ced for any reasan, this lease will became null and �void. The tntal annual revenue from these fease agreem�nts will be $38,046.96, or $3,17�.58 or� a monthly basis. The revenue fram Juky 9, 2002, to the end of �iscal Year 2�D9-2002 will �e $9,511.74. FiSCAL �NFORMATIONICERTIFICATION: TY�e �inance Director ce�t�fies that the�Rev�nue �ffice of the Finance Department will be responsi6le for the collection anr� depasit of funds due to the City und�r these agreements. BG:n Suhmitted for City Maaager's Office by:, Bridgette Garrett (Acting) Originating Department Fiead; Lisa A. Pyles 6140 saa� �'UND I ACCOUNT � C�NTER • f AMOUNT (tQ) � PE40 4813'f2 0552002 $3,$95.65 PE40 4994'i2 0552002 $2,771.07 PE40 4914T2 0552QQ2 $2,520.D0 PE4D 491052 p5520p2 $ 324,99 (from) CITY SECRETARY 1 � � APPROVED 06J44102 Additional Information Co�tuct: Lisa A. Pyles 5403