Loading...
HomeMy WebLinkAboutRES 890148 - Stugart Lease Airport AgmtRESOLUTION NUMBER A RESOLUTION APPROVING A LEASE AGREEMENT BETWEEN THE CITY OF GEORGETOWN, TEXAS, AND JAMES W. AND NANCY LYNN STUGART TO LEASE 5,600 SQUARE FEET (0.129 ACRES) OF d i LOCATED AT THE GEORGETOWNMUNICIPAL AIRPORT, GEORGETOWN, i AND AUTHORIZING MAYOR TO EXECUTE THE SAME AND et TO WHEREAS, the City of Georgetown, Texas has property available to be leased at the Georgetown•. Airport: and WHEREAS, James W. and Nancy Lynn Stugart desire to lease such property forthe purposes of • • of g for • e of own personaland WHEREAS, the Airport Advisory Board has reviewed the terms of Agreement and recommends the acceptance of these terms - Agree- ment; •. .-... • WHEREAS, the City desires to lease 5,600 square feet (0.129 acres) *f property to James W. and Nancy Lvnn Stugartand James W. and Nancy forthLynn Stugart agree to lease such property under terms and conditions set Agreement; and WHEREAS, the City Council has found that this action implements Facilities and Services Policy I of the Century Plan -- Policy Plan Element, and is not found to be inconsistent or in conflict with any other Century Plan Policies as required by Section 2.03 of the Admin- istrative Chapter of the Policy Plan. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, That the City Council finds the recitals set forth above are true and correct and are incorporated herein forpurposes. • That the City Council approves the Lease Agreement between the city of Georgetown and James W. and Nancy Lynn Stugart to lease 5,600 square feet (0.129 acres) of land at the Georgetown Municipal Airport which Agreement is attached hereto and incorporated herein, as if fully set forth at length. • That the Mayor is hereby authorized to sign the Agreement and the City Secretary to Attest.: PASSED AND APPROVED THIS DAY OF 1989.` r r' i` 'flim Kennedy, Mayo Leta Willoughby, City Sec etary 111111t, / Zane c Bander, city Attorney M E M 0 R A N D U M DATE: April 18, 1989 TO: Mayor and City Councilmembers FROM: Travis McLain, Airport Manager SUBJECT: Proposed Land Lease to James and Nancy Stugart On April 17, 1989, the Airport Advisory Board voted to recommend to the Council that the City lease approximately 5,600 square feet of Airport property to Mr. and Mrs. Stugart. The recommended rental rate is $0.07 per square foot per year for twenty (20) years with a ten (10) year option. The Stugarts desire to construct an aircraft storage hangar on the premises for the storage of their own aircraft only. The Staff recommends that the Council approve the attached Resolution.