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HomeMy WebLinkAboutRES 991012-Q - Airport Lease AssignmentA RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, AUTHORIZING THE MAYOR TO EXECUTE AN ASSIGNMENT OF LEASE BETWEEN B.B.M. HANGAR - GEORGETOWN, LTD. (ASSIGNOR) AND ADVANCED SERVICES, INC. (ASSIGNEE) FOR THE AIRPORT SITE KNOWN AS THE SOUTHEAST WHEREAS, the City Council approved a long -term Airport ground lease with B.B.M. for the Southeast Corp. Ramp site on February 23, 1999; and WHEREAS,B.B.M. has requested that this lease be assigned to Advanced Services, Inc.; and, WHEREAS, Advanced Services, Inc., desires to lease this site for hangar and office space development; and, WHEREAS, this development is important to the Council's goal of keeping the Airport Fund self sufficient; and, WHEREAS, their development is consistent with the Airport Functional Plan Element approved by the Council on September 8, 1998. 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 hereby found and declared to be true and correct, and are hereby incorporated by reference herein and expressly made a part hereof as if copied verbatim. The City Council hereby finds that this resolution implements the Airport Plan Element Focus End #12.6 which states, "The Georgetown Municipal Airport is an integral part of the transportation system and business activity as well as being a good citizen of the community"; and further finds that the adoption of this resolution is not inconsistent or in conflict with any other Century Plan Policies, as required by Section 2.03 of the Administrative Chapter of the Policy Plan. Resolution No. BBM Hangar - Georgetown Page 1 of 2 SECTION 2. The Mayor is hereby directed to execute, and the City Secretary to attest thereto on behalf of the City of Georgetown, the Assignment of Lease. SECTION 3. This authorization is conditional upon successful and complete closure of the Contract for Sale between Assignor and Assignee. Should the closing not be complete, this Resolution shall immediately become null and void and the Assignment shall be cancelled. SECTION 4. This Resolution shall be effective immediately upon adoption. RESOLVED THIS 12TH DAY OF OCTOBER, 1999. Aix C ' MaryEllen Kersch, Mayor ATTEST* Sandra Lee, City Secretary AS arianne Landers Ba {. Attorney Resolution No. BBM Hangar- Georgetown Page 2 of 2