HomeMy WebLinkAboutContract 10723 FIXED BASE OPERATOR LEASE
CITY
THE STATE OF TEXAS () CQNT.RACT No.Id I
COUNTY OF TARRANT O
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 Robert
L. Herchert, its duly authorized City Manager, hereinafter called "Lessor" and
William K. Leech, an individual, 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 himself of certain privileges, uses and rights pertaining
thereto; and
WHEREAS, Lessee further proposes to make certain improvements on the ground
demised 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:
ARTICLE I.
That for and in consideration of the term, conditions and covenants 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 "demised premises"), and certain attendant
privileges, uses and rights, as hereinafter specifically set out.
A. DESCRIPTION OF PREMISES DEMISED. The demised premises are as described
in field notes marked Exhibit "A" and outlined in red on the plat marked Exhibit "B",
both Exhibits being attached hereto and incorporated herein for all purposes inci-
dent to this agreement.
OFFICIAL RECORD i,
CITY SECRETARY
FT. WORTH, TEX.
B. DESCRIPTION OF GENERAL PRIVILEGES, USES AND RIGHTS. Lessor hereby grants
to Lessee the following general privileges, 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:
(1) The use in common with the public generally of all public airport
facilities and improvements which are now or may hereafter be con-
nected 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 facilities" shall
include all necessary landing area appurtenances, including, but
not limited to, approach areas, runways, taxiways, public aprons,
public automobile parking areas, public roadways, public sidewalks,
navigational and avigational aids, lighting facilities, public ter-
minal facilities or other public facilities appurtenant to said
Airport.
(2) The right of ingress to and egress from the demised premises over
and across public roadways serving the Airport for Lessee, his agents
and servants, patrons and invitees, suppliers of service and furnish-
ers of material.
(3) Said rights above shall be subject to such ordinances, rules and
regulations as now or may hereafter have application at the Airport,
C. DESCRIPTION OF SPECIFIC PRIVILEGES, USES AND RIGHTS. In addition to the
general privileges, uses and rights hereinabove described and without limiting the
generality thereof, Lessor hereby grants to Lessee the right to engage in commercial
aviation activities, as defined in Paragraph D below, subject to the conditions and
covenants hereinafter set out.
D. DEFINITION OF COMMERCIAL AVIATION ACTIVITIES AND FIXED EASE OPERATION.
"Commercial Aviation Activities and Fixed Base Operation" are hereby defined as
those activities which involve the sale of aviation services for profit to the
general public. Said aviation services shall include:
(1) The loading and unloading of aircraft in any lawful activity as incidental
to the conduct of any services or operations outlined in this paragraph,
(2) The maintenance, repair and storage of aircraft, which shall include over-
hauling, rebuilding, repairing, inspection and licensing of same, and the
purchase and sale of parts, equipment and accessories therefor.
(3) The operation of a business of buying and selling aircraft and parts and
accessories therefor, and aviation equipment of all descriptions either
at retail, wholesale or as dealer.
(4) The training on the Airport of personnel in the employ of Lessee and/or
Lessee's tenants and sublessees and the training on the Airport of members
of the general public as students, or otherwise in any art, science, craft
of skill pertaining directly or indirectly to aircraft.
(5) The location, construction, erection, maintenance and removal of improve-
ments, in any lawful manner, upon or in the demised premises for the pur-
pose of carrying out any of the activities provided for herein, subject,
however, to the conditions herein generally or particularly set forth.
(6) The operation and sale of sightseeing service.
(7) The operation and sale of aerial survey, photography and mapping services.
-2-
(8) The operation of non-scheduled air taxi and charter transportation of
passengers.
(9) The operation of schools for the instr•iction of flying, navigation,
mechanics, aerial survey, photography, aircraft design, theory and
construction.
(10) The renting and leasing of space in hangars to be constructed hereunder
for the private storage of aircraft on a daily, weekly, monthly, or annual
basis.
(11) 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 navigation.
E. CONDITIONS OF GRANTING LEASE. The granting of this Lease is conditioned
upon the following covenants.
(1) 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 promul-
gated by their authority with reference to aviation and air navigation;
and all applicable rules and regulations and ordinances of Lessor now
in force or hereafter ordained or promulgated.
(2) That Lessee will not, on the grounds of religion, race, color or national
origin, discriminate or permit discrimination against any person or group
or persons in any manner prohibited by Federal Aviation Administration
regulations.
ARTICLE II.
OBLIGATIONS OF LESSOR
A. CLEAR TITLE. 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 authority to lease the same as herein set forth.
Lessor further covenants that all things have happened and been done to make
its granting of said Lease effective and Lessor warrants to Lessee peaceful pos-
session and quiet enjoyment of the leased premises during the term hereof, upon
performance of Lessee's covenants herein.
B. OPERATION AS A PUBLIC AIRPORT. Lessor covenants and agrees that during the
term of this Lease it will operate and maintain the Airport and its public airport
facilities, as defined hereinabove, as public airport consistent with and pursuant
to the Sponsor's Assurances given by Lessor to the United States Government through
the Federal Airport Act.
C. CONDITION AND MAINTENANCE OF PRLMISES. Upon execution of this agreement,
Lessor shall assume no further responsibility or liability as to the condition of
all the premises demised hereunder and shall not assume responsibility or liability
for maintenance, upkeep, or repair necessary to keep said premises in a safe and
serviceable condition.
-3-
ARTICLE III
OBLIGATIONS OF LESSEE
A. NET LEASE. Except as herein specifically provided, the use and occupancy
of the demised 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 all the premises leased hereunder and all improvements and facilities
thereon at Lessee's sole cost and expense.
B. CONDITION OF PREMISES. Lessee accepts all the premises demised hereunder in
their present condition, and, without expense to Lessor, will repair and maintain
any installation 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.
C. OBLIGATION TO CONSTRUCT, Lessee shall provide for the location, construction,
erection and maintenance of improvements upon the demised premises for the purpose of
carrying out the activities provided for herein. Said improvements shall include:
Construction on the leased premises described in Exhibit "A" and
shown on Exhibit "B: attached hereto, said construction to consist
of one colored, all metal hangar having dimensions of SO feet by
60 feet with a concrete floor and aircraft parking ramp connecting
to Taxiway B.
All plans and specifications for the construction of building and improvements
and other facilities (including landscaping) contemplated hereunder shall be prepared
as hereinafter set out and shall require the written approval of Lessor before any
construction or installation may be undertaken.
D_ MINIMUM IMPROVEMENT STANDARD. As part of the consideration herefor, Lessee
further convenants and agrees:
That he shallconstruct said hangar facility and aircraft parking ramp
on a portion of the leased premises described in Exhibit "A" and shown
on Exhibit "B", and that the hangar will to a minimum Three Thousand
(3000) square feet of building space with a concrete ramp connecting
to Taxiway B. Lessee will expend on such construction an estimated
sum of Seventy Thousand and No/100 Dollars ($70,000).
E. SUBMISSION OF PLANS. Within ninety days after the approval of this Agree-
ment by the City Council of the City of Fort Worth, Lessee shall submit to Lessor
final plans and specifications for the construction of the improvements and facilities
contemplated hereunder, All plans, specifications and work shall be subject to the
approval of the Director of Public Works and must 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 his sole cost and expense obtain all necessary
licenses and permits.
F. CONSTRUCTION SCHEDULE. All construction shall be completed on or before
January 1, 1980.
Upon completion of construction, title to all permanent improvements shall vest
-4-
in Lessor. All other improvements, of a non-permanent nature, and all trade fixtures,
machinery and furnishings made or installed by Lessee may be removed from the leased
premises at any time by Lessee except as otherwise provided in this Lease,
G. MAINTENANCE. Lessee shall, at his sole cost and expense, maintain all the
premises demised hereunder and the improvements and appurtenances thereto in a present-
able condition consistent with good business practice in a safe, neat, sightly and
good physical condition. Lessee shall repair all damages to said premises caused by
his employees, patrons, or its operation thereon; shall maintain and repair all equip-
ment thereon, including any drainage installations, paving, curbs, islands, buildings
and improvements; and shall repaint and reglaze its own buildings 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, any wiring or similar installations, Lessee
will promptly make such changes and installations at his sole expense, subject to the
approval of 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 notices by Lessor to Lessee, Lessee shall be required to
perform whatever maintenance Lessor deems necessary. If such maintenance is not
undertaken by Lessee within ten (10) days after receipt of written notice, Lessor
shall have the right to enter upon the demised premises and perform such maintenance,
the cost of which shall be borne by Lessee,
H, COMMERCIAL AVIATION 0?ERATIONS BY LESSEE. Lessee agrees that any commercial
aviation operations on the premises shall be conducted in a proper, efficient and
courteous manner. Lessee agrees to promote aviation activity 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,
I. UTILITIES. Lessee shall assume and pay for all costs or charges for utility
services furnished to Lessee during the term hereof, Lessee shall have the right to
connect to any and all storm and sanitary sewers and all water and public utilities
at its own cost and expense, and Lessee shall pay for any and all service charges
incurred therefor.
J. TRASH, FIRE EXTINGUISHERS, ETC. 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
-5-
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 demised premises shall
not be permitted.
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.
K. SIGNS. Lessee shall not maintain upon the outside of any improvements or
elsewhere on the demised premises any billboards or advertising signs without the
prior written consent of the Airport Manager. Flashing lighted signs shall be pro-
hibited,
L. FIELD USE CHARGES. Nothing herein shall be deemed to relieve Lessee and
his tenants, 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.
M. PREFERENCE LIEN. Lessee hereby gives, grants and pledges unto Lessor a
contractual preference lien upon all property, tangible or intangible, and property
rights belonging to Lessee now or at any time hereafter placed in or upon the demised
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.
ARTICLE IV
TERM OF LEASEHOLD
A. TERM. The term of this lease shall be for a period of twenty-five (25)
years commencing October 1, 1979, and ending September 30, 2004. If Lessee exercises
and performs all of its duties and obligations hereunder during the term hereof, then
upon applying in writing not less than six months nor more than nine months before
the end of the said term, Lessee shall have the first right of refusal to execute a
new lease of the demised premises for two additional consecutive five-year periods,
with each lease for such additional period to be on such terms and conditions as
Lessor may prescribe and with the rentals provided for therein to be based on rental
rates of comparable properties at Meacham Field at the time of the execution of each
additional lease agreement.
ARTICLE V
A. GROUND RENTAL. As annual ground rental for the ground area leased hereunder,
as described in Exhibit "A" and shown on Exhibit "B" attached hereto, said area con-
taining a total of Eight Thousand, Five Hundred Three (8,503) square feet, Lessee
-6-
shall pay to Lessor Twelve (12) cents per square foot per year for an annual rental
of One Thousand Twenty and 36/100 Dollars ($1,020.36) each year of the term of this
agreement. Rental payments shall commence at the time any part of the property be-
comes occupied for revenue producing purposes but in no case later than January 1,
1980.
B. ADJUSTMENT OF RENTALS. Upon written notice from Lessor to Lessee delivered
within 30 days prior to the end of each five (5) year period during the term of this
Lease, Lessor shall have the right but not the duty to adjust the ground rental pay-
able hereunder to conform same to rentals then prevailing at the airport for compa-
rable ground space, any increase in ground rental not to exceed four percent (4q)
per year over the amount theretofore payable under the then expiring five (5) year
period,
C. TIME PAYMENT. All rentals shall be paid monthly in advance, in amounts each
month equal to one-twelfth (1/12) of the annual rental, the first payment in the amount
of Eighty-Five and 03/100 Dollars ($85.03) at the time any part of the property be-
comes occupied for revenue producing purposes but in no case later then January 1,
1980; and a like payment shall be due on or before the first day of each successive.
month thereafter during the term hereof.
ARTICLE VI.
INSURANCE AND INDEMNIFICATION
A. FIRE INSURANCE. During the full term of this Lease, Lessee shall, at his
sole cost and expense, cause all improvements constructed in the demised 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 that such coverage has been procured
and is being maintained.
The proceeds of any such insurance paid on account of any of the perils afore-
said 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 provision that no change, cancellation
or renewal of such insurance shall take effect until at least 30 days after notice
thereof in writing has been delivered to Lessor.
B. INDEMNIFICATION. Lessor shall stand indemnified by Lessee as herein pro-
vided. Lessee is and shall be deemed to be an independent contractor and operator
-7-
responsible to all parties for his respective acts or omissions, and Lessor shall
in no way be responsible therefor. Lessee covenants and agrees to indemnify, hold
harmless and defend at his expense Lessor, its officers, agents, servants or
employees from and against any and all claims or suits for damages or injury, includ-
ing death, to any and all persons or property, of whatsoever kind or character,
arising out of or incident to the leasing of or the use, occupancy, or maintenance
of the premises by Lessee, his officers, agents, employees, patrons, contractors,
subcontractors, licensees or invitees; and Lessee does hereby assume all liability
and responsibility for any and all claims or suits for damages or injuries, including
death, to any and all persons or property, of whatsoever kind or character, whether
real or asserted, occurring during the term of this lease in connection with the use,
occupancy or maintenance of the premises by Lessee, his officers, agents, employees,
patrons, contractors, subcontractors, licensees or invitees; and Lessee hereby indem-
nifies and holds harmless the Lessor for any and all damage or destruction to Lessor's
property arising out of the acts or omissions of Lessee, his agents and employees.
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 con-
nection herewith, and shall indemnify Lessor for non-payment of same. Lessee shall
indemnify Lessor against any and all mechanics and materialmen's liens or any other
type of claims or liens imposed upon the premises demised hereunder arising as a
result of Lessee's conduct or inactivity,
Lessee shall promptly, after the execution of this Lease, provide public lia-
bility insurance for personal injuries/death growing out of any one accident or other
cause in a minimum sum of One Hundred Thousand Dollars ($100,000.00) for one person
and Three Hundred Thousand Dollars ($300,000.00) for two or more persons; and shall
provide property damage liability insurance in a minimum sum of Three Hundred Thousand
Dollars ($300,000.00) for property damage growing out of any one accident or other
cause.
Lessee shall maintain said insurance with insurance underwriters 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 the
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.
-8-
ARTICLE VII
CANCELLATION ASSIGNMENT AND TRANSFER
A. CANCELLATION BY LESSOR. 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 by Lessee which have been destroyed by
fire, explosion, etc., within six (6) months from the date of such destruc-
tion, 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 immediately correct same, If within thirty (30)
days from the date of such 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 herein, and may
forcibly, if necessary, re-enter and take immediate possession of the demised premises
and remove or seize Lessee's effects under the preference lien granted to secure per-
formance of Lessee's obligations hereunder without being deemed guilty of any nature
of trespass; provided, however that in the event that subsection (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.
B. ASSIGNMENT AND TRANSFER. This Lease shall not be assigned in whole or in
part by Lessee without the prior written consent of Lessor, and any attempted assign-
ment without such prior written consent shall be void,
C. SUSPENSION OF LEASE. 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
-9-
in this lease shall prevent Lessee from pursuing any rights which Lessee may have
for reimbursement 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.
Ai'TICLE VIII
RIGHTS UPON TERMINATION
Upon termination of this Lease other than under Article VII A hereof, Lessee
shall immediately remove all personal property from the demised 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 re-
moval and/or disposal; and the cost and expense of such removal and/or disposition
shall be paid by Lessee.
ARTICLE IX
GENERAL PROVISIONS
A. CONCESSIONS EXCLUDED. It is specifically agreed and stipulated that the
following concessions and the establishment thereof are excluded from this Lease,
to wit:
(1) Ground transportation for hire.
(2) Auto rental,
(3) Food sales.
(4) News and sundry sales.
(5) Barber and valet service.
(6) Alcoholic beverages.
(7) Aviation fuel sales.
B. ATTORNEY'S FEES. In any action brought by Lessor for the enforcement of
the obligations of Lessee, Lessor shall be entitled to recover interest and reason-
able attorney's fees.
C. TAXES. Lessee agrees to pay any taxes or assessments which may be lawfully
levied against Lessee's occupancy or use of the demised premises or any improvements
or property placed thereon as a result of Lessee's occupancy.
D. SUBORDINATION OF LE.ISE. This lease shall be subordinated to the provision
of any existing or future agreement between Lessor and the United States relative to
the operation or maintenance of the Airport, the execution of which has been or may
be required as a condition precedent to the expenditure of Federal funds for the
development of the Airport.
-10-
E. PARAGRAPH HEADINGS. The paragraph headings contained herein are for the
convenience in reference and are not intended to define or limit the scope of any
provision of this lease.
F. NOTICES. Notices to Lessor provided for herein shall be sufficient if sent
by certified mail, postage prepaid, addressed to Airport Manager, Fort Worth Muni-
cipal Airport, Meacham Field, Fort Worth, Texas, and notices to Lessee if sent by
certified mail, postage prepaid, addressed to William K. Leech, Meacham Field, Fort
Worth, Texas or to such other addresses as the parties may designate to each other
in writing from time to time.
G. SUCCESSORS AND ASSIGNS. All of the terms, covenants and agretaments herein
contained shall be binding upon and shall inure to the benefit of successors and
assigns of the respective parties hereto.
H. VENUE. The venue of any action brought on this contract shall lie in
Tarrant County, Texas.
EXECUTED at Fort Worth, Tarrant County, Texas, this o�6 Zr day of
1979.
ATTEST: CITY OF FORT WORTH, LESSOR
C�
By:
City..Secretary City Manager
r
A ROVED AS TO FORM AND LEGALITY:
f WILLIAM K. LEECH, LESSEE
C ty Attor ey
William K. Leech
An Individual
A:'_''_;;.;J b'f CITY COUNCIL
Ci���Secretary
Date 9
-11-
av
1%
44 -C &
NAM
o
& t
H
�w sNlrN'N
o�
J
b
N1, Z8L ~ m��ZoZ.S �' .1"tq
co
O
"'r' p O
0 �.._
LLJ
WAft
o d C• u'r... ' w
Uj
LU
w b a
Lu p�
00
0
ib'9L 3,£Zoz N a "
"
O C
W
f4
H
H
pa
H
x
x
w
MEACHAM FIELD
LEASE SITE N0. 12-S
A tract of land out of the James Wallace Survey, being a portion of a tract
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 Control Zone, coordinates and bearings as follows:
Commence at a point in the North line of 38th Street and the West line of
North !fain Street, said point being an easterly southeast corner of Meacham
Field, Thence: West 1055.11 feet and North 817.52 feet to the point of be-
ginning of the herein described lease, the coordinates or said beginning
point are X - [,044.634.00, Y - 417,765.50;
Thence: North 87 degrees 37 minutes West 110.0 feet to a point for the South-
west corner of the herein described lease;
Thence North 2 degrees s3 minutes East 76.4 feet to a point for the Northwest
corner of herein described lease;
Thence: South 88 degrees 33 minutes East 110.00 feet to a point for the North-
east corner of herein described lease;
Thence: South 2 degrees 23 minutes West 78.2 feet to the place of beginning
and containing 8,503.0 square feet of land more or less.
EXHIBIT "A"
City of .Fort Worth, Texas
Mayor and Council Communication
DATE REFERENCE SUBJECT: New Lease - Wi 1 1 i am K. Leech - PAGE
NUMBER
Meacham Field 1
9/25/79 C-4815 1of
William K. Leech, an individual, seeks to enter into a lease agreement for
approximately 8,800 square feet of unimproved land in the T-hangar area at
Meacham Field.
The rental rate will be $.12 per square foot per year resulting in annual
revenue to the City of $1,056, more or less, depending on the outcome of the
site survey. Term of the lease will be 25 years beginning October 1, 1979,
and ending September 30, 2004. Rental payments will commence on January 1,
1980, thereby allowing 90 days for construction. The City will have the
option to adjust the rental rate at the end of each five year period to the
rate then charged for ground space, but not to-exceed 4% per year over the
rate previously paid. The lessee will be granted an option, at the end of
the twenty-five year term, to lease the site for two consecutive five-year
terms at the rate then charged on the airport for like property.
Mr. Leech will build one, all metal, colored hangar measuring 50' X 60' and
costing approximately $70,000, He will connect the site to Taxiway B with
a concrete ramp at no expense to the City. Mr. Leech also will bear the
cost of connecting to the utilities.
At its meeting on September 17, 1979, the Aviation Advisory Board unanimously
recommended approval of the new lease to William K. Leech.
Recommendation
It is recommended that the City Council authorize the City Manager to enter
into a new lease with William K.Leech under the terms and conditions described
above,
VS:plg
SUBMITTED FOR THE
CITY MANAGER'S DISPOSITIO COUNCIL: PROCESSED BY
OFFICE BY; [!T-APPROVED
ORIGINATING ❑ OTHER (DESCRIBE)
DEPARTMENT HEAD: Barry Hall CITY SECRETARY
FOR ADDITIONAL INFORMATION 9- 1.7r_79
CONTACT: Barry Hall 624-1127 DATE