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Res 114-2001 9/18/2001RESOLUTION NO. ` I n - DWI RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, AUTHORIZING THE CITY MANAGER TO EXECUTE A LEASE AGREEMENT WITH THE NEWCASTLE CORPORATION FOR LEASE OF REAL PROPERTY AT THE WICHITA FALLS MUNICIPAL AIRPORT; FINDING AND DETERMINING THAT THE MEETING AT WHICH THIS RESOLUTION WAS PASSED WAS OPEN TO THE PUBLIC AS REQUIRED BY LAW. WHEREAS, the City of Wichita Falls operates the Wichita Falls Municipal Airport, and has received a request from the Newcastle Corporation to lease a parcel of land at said airport for the purpose of constructing an aircraft storage hangar; and WHEREAS, the proposed location of the hangar is in accordance with the approved Master Plan. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: SECTION 1. The City Manager is hereby authorized to execute a lease agreement on behalf of the City with the Newcastle Corporation, in accordance with the terms and conditions of said lease agreement, attached hereto and made a part hereof for all purposes. SECTION 2. It is hereby officially found and determined that the meeting at which this resolution was passed was open to the public as required by law. PASSED AND APPROVED this the 18 day of September, 2001. MAYOR ATTEST: Alf, j City Clerk STATE OF TEXAS § COUNTY OF WICHITA § LEASE AGREEMENT THIS AGREEMENT, dated October 1, 2001, between the City of Wichita Falls ( "Lessor ") and Newcastle Corporation ( "Lessee "): 1. Demise. Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor, that parcel of land situated in the City of Wichita Falls, Wichita County, Texas (the "Leased Premises "), said parcel being described in Exhibit A, attached hereto, for the purpose of constructing an aircraft storage hangar. Such hangar is to be constructed in accordance with the most current building codes of the City. Prior to construction, Lessee shall furnish a copy of the plans and specifications for such hangar to the City for its review and approval. The size of the hangar will. not exceed 170 feet by 100 feet. 2. Term. This lease is for a term commencing on October 1, 2001, and ending on May 14, 2009. Thereafter, contingent on the City and Federal Government continuing the Airport Lease Agreement beyond May 14, 2009 (the "City Airport Extension "), this lease may be extended by Lessee upon the same terms and conditions for the term of the City Airport Extension, provided in no event shall this lease extend beyond May 14, 2026. 3. Rent. The Lessee agrees to pay the Lessor as rental for property during said term the sum of 3.846 cents per square foot per month, payable each month in advance. Ramp space will be available at no charge. Improvements to rebuild automobile parking will be the responsibility of the Lessee. Lessee shall be allowed to utilize an area of fifty feet around the 2 hangar building to the east and north, thirty feet to the south, and twenty feet to the west by paying the above square foot per month rental therefor. 4. Fuel Facilities. The Lessee may construct fueling facilities in accordance with approved environmental and City standards for the purpose of refueling Lessee -owned aircraft only. Sale of fuel to other than Lessee -owned aircraft is prohibited. City will provide a suitable mutually agreed -to location at the lease rate of 3.846 cents per square foot per month. If Lessee constructs such fueling facilities, a fuel flow rate per gallon used will be paid to the City by the 10`" day of the succeeding month as follows: Gallons Used Fuel Flow Rate 1,000 to 3,000 $.06 3,001 to 4,000 .05 4,001 to 5,000 .04 5,001 to 6,000 .03 Over 6,000 .02 The first 1,000 gallons of fuel usage per month is exempt from the flowage fee. 5. Utilities. Lessee shall pay all public charges, including heat, water, sewer, electricity, gas, telephone, and other utility services on the premises from the date of execution of this lease through the term of this lease. Lessee is responsible for all costs associated with extending sewer, water, electrical, gas, telephone, and other utility services from the hangar location to the existing services. 3 6. Maintenance and Repair. Lessee shall, throughout the primary term of the lease or any extension, at its expense, care for and maintain the buildings, parking lots, driveways, landscaped areas, and other improvements located upon the Leased Premises and keep them in reasonably good repair and condition, except for ordinary wear and tear, and damage caused by an act of God. 7. Alterations. After reasonable notification to Lessor, Lessee may erect any improvements or make any alterations to the structures on the Leased Premises as required for business purposes. All alterations, improvements, and additions to the Leased Premises shall be made in accordance with all applicable laws. Unless otherwise agreed to by the Lessor, upon termination of this agreement, Lessee will, within one hundred fifty (150) days, remove from said Leased Premises any and all buildings, structures, or improvements which are located on the Leased Premises on the date of said termination if the Lessee so desires. All property remaining on the Leased Premises after the expiration of said 150 -day period shall become the property of Lessor. 8. Indemnity. This agreement is made upon the express condition that the Lessor shall be free from liabilities and claims for damages and/or suits for or by reason of any kind whatsoever, whether the person or property of Lessee, its agents or employees or third persons, have any cause or causes whatsoever while in or upon said premises, or any part thereof, during the term of this agreement, or occasioned by any occupancy or use of said Leased Premises or any activity carried on by Lessee in connection therewith, and Lessee hereby covenants and agrees to indemnify and save harmless Lessor from all liabilities, charges, expenses (including 4 counsel fees), and costs on account of or by reason of any such injuries, liabilities, claims, suits, or losses, however occurring, or damages growing out of same. 9 Assignment. Lessee may not assign or sublet all or any part of the Leased Premises without obtaining the consent of the Lessor. Such consent shall not be unreasonably withheld. 10. Termination. Construction must begin within ninety (90) days of the execution of this lease agreement or the lease is automatically terminated. In the event of the demise of A.R. Dillard, Jr., the sole owner of Lessee, this lease shall continue unless the personal representatives of Mr. Dillard's Estate notify the Lessor within thirty (30) days of their appointment in writing of their intentions to terminate the lease. In the event that the lease is terminated, such personal representatives shall have one hundred fifty (150) days to remove all improvements from the Leased Premises. All property remaining on the Leased Premises after the expiration of the 150 -day period shall become the property of the Lessor. 11. Compliance with Laws. Lessee shall comply with all laws, orders, and regulations of federal, state, and municipal authorities, which shall impose any duty upon Lessor or Lessee with respect to the operation of the business thereon. Lessee shall specifically comply with all environmental regulations and shall not permit the dumping or spillage of oil, gas, or other contaminates on the leased premises. Lessee shall be solely responsible for any environmental clean-up of the leased premises and adjacent areas that may be required by any lawful regulatory agency occasioned by Lessee's occupancy and use of the Leased Premises. Lessee, at its expense, shall obtain all licenses or permits which may be required for the conduct 5 of its business within the terms of this lease, or for alterations, improvements, or additions which Lessee may desire to make. IN WITNESS WHEREOF, the said parties have caused this lease to be executed on the date and year first above written. Lessor Jim Berzina, City Manager City of Wichita Falls, Texas Lessee Newcastle Corporation A. R. Dillard, Jr., President STATE OF TEXAS § COUNTY OF WICHITA § This instrument was executed before me on this day of , 2001, by Jim Berzina, City Manager for the City of Wichita Falls, a municipal corporation, on behalf of said City. Notary Public, State of Texas STATE OF TEXAS § COUNTY OF WICHITA § This instrument was executed before me on this day of , 2001, by A. R. Dillard, Jr., President of Newcastle Corporation, on behalf of said Corporation. Notary Public, State of Texas