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A RESOLUTION AUTHORIZING THE CITY
MANAGER OF THE CITY OF GEORGETOWN
TO EXECUTE A LEASE AGREEMENT ON BE-
HALF OF THE CITY WITH HEXAGON BUILDERS,
INC. TO LEASE A 165 X 330 FOOT TRACT
OF LAND ON THE GEORGETOWN 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 Georgetown
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 Feb-
ruary, 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 Airport with Hexagon Builders,
Inc. for the construction of aircraft hangar for the General Aviation on the Air-
port Property, and Hexagon Builders, Inc. 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 themselves
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 21st day of December, 1981.
ATTEST:
Jim Colbert
Carl Doering, Mayor Pro -tem
ATTACHMENT 1
Terms and conditions of Hexagon Builders, Inc. 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 remain
eligible for Federal monies.