HomeMy WebLinkAboutRES 990511-O - Airport Lease John CannanRESOLUTION • q610511—
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS, AUTHORIZING THE MAYOR TO
SIGN AN ADDENDUM TO THE AIRPORT LEASE
AGREEMENT WITH JOHN H. CANNAN, AND
ESTABLISHING AN EFFECTIVE DATE.
WHEREAS, the City of Georgetown did enter into a Lease Agreement for certain Airport
Property with McKinney & Moore, Inc., on June 30, 1981, and assigned to John H Cannan on
March 28, 1989; and
WHEREAS, Mr. Cannan desires to enlarge his hangar by approximately 3000 square feet;
and
WHEREAS, this investment is not economically feasible with only 12 years left on the
original lease; and
WHEREAS, Mr. Cannan has requested that the lease terms be extended for 20 years plus
a 10 year option, effective May 1, 1999, at the new rental rate of $0.10 per square foot per year;
and
WHEREAS, The Airport Advisory Board recommends that the Council approve this
addendum.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS, THAT:
SECTION 1. The facts and recitations contained in the preamble of this resolution are
found to be true and correct, and are incorporated by reference herein and expressly made a part
hereof, as if copied verbatim. The City Council hereby finds that this resolution implements the
following policies of the Century Plan - Policy Plan Element:
1. Economic Development Policy End 1.0, which states, "Georgetown's economy is self -
sustaining through diversified growth, a broad tax base with minimal impact from
economic fluctuation, enhanced business opportunity and job creation."
2. Transportation Policy End 12.0, which states, "Georgetown's transportation system
provides for the safe and efficient movement of traffic, promotes the economic interests
of the community, and adequately serves the needs of individuals.
Resolution No. y'51-0
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SECTION 2. The Mayor is hereby authorized to execute, and the City Secretary to attest
thereto Addendum No. 2 to the Lease Agreement between the City of Georgetown and John H.
Cannan, on behalf of the City of Georgetown.
SECTION 3. This resolution shall be effective immediately upon adoption.
RESOLVED THIS DAY OF 1999.
Z�
Leo Wood, Mayor
ATTEST:
Sandra Lee, City Secretary
APPROVED AS TO FORM:
Marianne Landes "Banks, City Attorney
Resolution No. 9 ?015"11- 0
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