HomeMy WebLinkAboutRES 11.02.1981 - Airport Lease Agmt248
A RESOLUTION AUTHORIZING THE CITY
MANAGER OF THE CITY OF GEORGETOWN
TO EXECUTE A LEASE AGREEMENT ON BE-
HALF OF THE CITY WITH ROGER CAMPBELL
TO LEASE A 180 X 200 FOOT TRACT OF
LAND ON THE GOERGETOWN MUNICIPAL
AIRPORT UNDER TERMS AND CONDITIONS
ATTACHED BY THE GEORGETOWN MUNICIPAL
AIRPORT ADVISORY BOARD.
WHEREAS, the City of Georgetown, Texas, is the Owner of the George-
town Municipal Airport, existing in the Corporate Limits of the City of
Georgetown, by virtue of an agreement with the United States relative to
development, operation and maintenance of the Georgetown Airport dated
the 9th day of February, 1942; and
WHEREAS, the Georgetown Municipal Airport Board, in order to more
effectively use the Municipal Airport for airport purposes, does recommend
that the City of Georgetown enter into a Lease of a portion of such Air-
port with Roger Campbell for the construction of aircraft hangar for the
General Aviation on the Airport Property, and Roger Campbell does desire
to lease such property; and,
WHEREAS, the Georgetown Municipal Airport Advisory Board has established
Leasing Guidelines consistent with Federal, State and Local laws; and
WHEREAS, the City Council of the City of Georgetown, having made them-
selves aware of attached terms and conditions, do believe that it is in
the public interest to enter into said agreement in order to more effectively
use the Municipal Airport for Airport purposes;
THEREFORE, BE IT RESOLVED by the City Council of the City of Georgetown
that the City Manager is authorized to execute said agreement under the
terms and conditions contained therein.
PASSED AND APPROVED this 2nd day of November, 1981.
ATTEST:
Jim Colbert, City Secretary
c.
J U
hn C. Doerfl r, Mayor
249
ATTACHMENT I
Terms and conditions of Roger Campbell's request for
land lease to construct an aircraft hangar.
A.
Lease rate of 4� (four
cents)
per square
foot per
year.
B.
Maximum CPI adjustment
of 8%
(eight per
cent) per
annum adjusted each 5
(five)
years.
C.
Lease for 20 (twenty)
years,
with one 10
(ten) year
renewal option.
D.
Contracts be written to
insure that the
Airport will
eligible for Federal monies.
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