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HomeMy WebLinkAboutRES 990511-P - Airport Lease Tejas AvionicsRESOLUTION NO. i� // - j A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, AUTHORIZING THE MAYOR TO SIGN AN ADDENDUM TO THE AIRPORT LEASE AGREEMENT WITH TEXAS AVIONICS, INC., AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, the City of Georgetown did enter into a Lease Agreement for certain Airport property with Tejas Avionics, Inc. on April 2, 1980; and, WHEREAS, this Lease Agreement was amended on January 30, 1981, to add an additional 20,000 square feet; and WHEREAS, Tejas Avionics, Inc., desires to lease an additional 9,000 square feet of Airport property adjacent to the current leasehold; and WHEREAS, Tejas Avionics, Inc, has requested that the lease terms be extended for 20 years plus a 10 year option effective June 1, 1999, at the new rental rate of $0.10 per square foot per year; and WHEREAS, the Airport Advisory Board recommends that the Council approve this Addendum. 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 found to be true and correct, and are incorporated by reference herein and expressly made a part hereof, as if copied verbatim. The City Council hereby finds that this resolution implements the following policies of the Century Plan - Policy Plan Element: 1. Economic Development Policy End 1.0, which states, "Georgetown's economy is self- sustaining through diversified growth, a broad tax base with minimal impact from economic fluctuation, enhanced business opportunity and job creation." 2. Transportation Policy End 12.0, which states, "Georgetown's transportation system provides for the safe and efficient movement of traffic, promotes the economic interests of the community, and adequately serves the needs of individuals." Resolution No. g9054 Page 1 of 2 SECTION 2. The Mayor is hereby authorized to execute, and the City Secretary to attest thereto this Addendum to the Lease Agreement between the City and Tejas Avionics, Inc., on behalf of the City of Georgetown. SECTION 3. This resolution shall be effective immediately upon adoption. ATTEST: BY: A RESOLVED THIS DAY OF 1999. Sandra Lee, City Secretary APPROVED AS TO FORM: BY: Marianne Landers Banks, City Attorney Resolution No. la Page 2 of 2 CITY OF GEORGETOWN BY: ]Leo Wood, Mayor