HomeMy WebLinkAboutRES 991012-Q - Airport Lease AssignmentA RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS, AUTHORIZING THE MAYOR TO
EXECUTE AN ASSIGNMENT OF LEASE BETWEEN B.B.M.
HANGAR - GEORGETOWN, LTD. (ASSIGNOR) AND
ADVANCED SERVICES, INC. (ASSIGNEE) FOR THE
AIRPORT SITE KNOWN AS THE SOUTHEAST
WHEREAS, the City Council approved a long -term Airport ground lease with B.B.M. for
the Southeast Corp. Ramp site on February 23, 1999; and
WHEREAS,B.B.M. has requested that this lease be assigned to Advanced Services, Inc.;
and,
WHEREAS, Advanced Services, Inc., desires to lease this site for hangar and office space
development; and,
WHEREAS, this development is important to the Council's goal of keeping the Airport
Fund self sufficient; and,
WHEREAS, their development is consistent with the Airport Functional Plan Element
approved by the Council on September 8, 1998.
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 hereby
found and declared to be true and correct, and are hereby incorporated by reference herein and
expressly made a part hereof as if copied verbatim. The City Council hereby finds that this
resolution implements the Airport Plan Element Focus End #12.6 which states, "The Georgetown
Municipal Airport is an integral part of the transportation system and business activity as well as
being a good citizen of the community"; and further finds that the adoption of this resolution is not
inconsistent or in conflict with any other Century Plan Policies, as required by Section 2.03 of the
Administrative Chapter of the Policy Plan.
Resolution No.
BBM Hangar - Georgetown
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SECTION 2. The Mayor is hereby directed to execute, and the City Secretary to attest
thereto on behalf of the City of Georgetown, the Assignment of Lease.
SECTION 3. This authorization is conditional upon successful and complete closure of the
Contract for Sale between Assignor and Assignee. Should the closing not be complete, this
Resolution shall immediately become null and void and the Assignment shall be cancelled.
SECTION 4. This Resolution shall be effective immediately upon adoption.
RESOLVED THIS 12TH DAY OF OCTOBER, 1999.
Aix C
' MaryEllen Kersch, Mayor
ATTEST*
Sandra Lee, City Secretary
AS
arianne Landers Ba {. Attorney
Resolution No.
BBM Hangar- Georgetown
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