HomeMy WebLinkAboutRES 04.14.1981 - AirportA RESOLUTION AUTHORIZING THE MAYOR
OF THE CITY OF GEORGETOWN TO EXECUTE
A LEASE AGREEMENT ON BEHALF OF THE
CITY WITH MC KINNEY AND MOORE, INC.
TO LEASE A 100 FOOT BY 100 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
Georgetown 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 Air-
port with McKinney and Moore, Inc. for the construction of an aircraft hangar
for the General Aviation on the Airport Property, and McKinney and Moore, Inc.
does desire to lease such property; and,
WHEREAS, the Georgetown Municipal Airport Advisory Board has
'established 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
Georgetown that the Mayor Is authorized to execute said agreement under
the terms and conditions contained therein.
PASSED AND APPROVED this day of April, 1981.
J4 C. Doerfler,
Mayor
ATTEST:
Jim Colbert
City Secretary
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ATTACHMENT i
Terms and conditions of McKinney and Moore, Inc.
Request for land lease to construct an aircraft hangar• er year.
A. Lease rate of 4C (four cents) per square pr annum
B. Maximum CPI adjustment of 8% (eight percent) p
adjusted each 5 (five) years.
C. Lease for 20 (twenty) years with one 10 (ten) year renewal
option. rt will
D. Contracts_bible'fornFederalto umoniest the Airport
remain eligible
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