HomeMy WebLinkAboutRES 12.21.1981 - Airport LeaseA 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 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 Airport
with Hexagon Builders, Inc. for the construction of aircraft hangar for the
General Aviation on the Airport Property, and Hexagon Builders, Inc. does
desire to lease such property; and,
WHEREAS, the Georgetown Municipal Airport Advisory Board has estab-
lished 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 George-
town 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.
Carl Doering, Mayo ro-tem
ATTEST:
LL11- ak�,
Jim Colbert, City Secretary
di-
ATTACHMENT 3
Terms and conditions of Hexagon Builder$, Inc. request for land
lease to construct an aircraft hangar.
A. Lease rate of 4C (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.