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HomeMy WebLinkAbout88-97 RESOLUTION RESOLUTION NO. 8 8-9 7 S CA N N E A RESOLUTION APPROVING A LEASE AGREEMENT WITH AERO TECH, INC. d/b/a FAYETTEVILLE AIR SERVICE TO PROVIDE FIXED BASED OPERATOR'S SERVICES FOR THE REFUELING FARM AT THE FAYETTEVILLE MUNICIPAL AIRPORT. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. That the City Council hereby approves the lease agreement with Aero Tech, Inc. d/b/a Fayetteville Air Service to provide fixed based operator's services for the refueling farm at the Fayetteville Municipal Airport. A copy of the lease agreement is attached hereto marked Exhibit "A" and made a part hereof. PASSED AND APPROVED this 16th day of September , 1997. �7 t r r t /I, /' APPROVED: U �y< yea^ It ..4it"` By: •1 r, . red Hanna, Mayor Ii. : ATTEST. By: Traci Paul, City Clerk EXHIBIT A LEASE AGREEMENT BY AND BETWEEN Fayetteville Municipal Airport AND Aerotech Services, Inc. dba Fayetteville Air Service • INDEX ARTICLE I Definitions Page 1 . 1 Definitions 1 1 .2 Rules of Construction 1 ARTICLE II Term 2 . 1 Term of Agreement 2 2 . 2 Options to Extend 3 2 . 3 Surrender of Possession: Holding Over 3 ARTICLE III Lessor' s Grants; Reservations 3 . 1 Lease 3 3 . 2 Avigation Easement 3 3 . 3 Reservation of Mineral Rights 4 3 . 4 Title to Existing Improvements 4 3 . 5 Quiet Enjoyment 4 3 . 6 No Joint Venture or Partnership 4 3 . 7 Termination of Agreement for Airport Purposes 4 ARTICLE IV Use 4 . 1 Use of the Leased Premises 5 4 . 2 General Use of the Airport 5 4 . 3 Security Plan 5 4 .4 Limitations on Signage 5 ARTICLE V Improvements to the Premises 5 . 1 Title 6 5 . 2 Plans and Specifications 6 5 . 3 Effect of New Improvements 6 5 .4 Removal and Ownership of Airport Structures on Leased Premise 6 5 . 5 Security Line Fencing, Walls, Doors and Gates 6 5 . 6 Inspection 7 i • 9 f ARTICLE VI Rentals, Fees and Chartres 6 . 1 Rental Charge 7 6 .2 Landlord' s Lien 7 6 . 3 Place of Payments 8 6 .4 Delinquencies 8 6 . 5 Utility Services 8 6 . 6 Landing Fees 8 ARTICLE VII Maintenance and Care of Leased Premises 7 . 1 Maintenance and Care of Leased Premises 8 ARTICLE VIII Indemnity and Insurance 8 . 1 Indemnity 10 8 . 2 Insurance 10 ARTICLE IX Fuel Farm 9 . 1 Fuel Farm 11 9 .2 Fuel Flowage Fees 11 9 . 4 Fuel Audits 11 ARTICLE X Complaints 10 . 1 Customer Complaints 12 10 . 2 Grievance Committee 12 ARTICLE XI Indemnity - Hazardous Substance 11 . 1 Indemnity - Hazardous Substance 12 ARTICLE XII Governmental Requirements 12 . 1 Governmental Requirements - General 13 12 .2 No Liability for Exercise of Powers 14 ii 12 . 3 Nondiscrimination 14 12 . 4 Taxes and Other Governmental Charges 15 12 . 5 Domestication 15 ARTICLE XIII Events of Default 13 . 1 Events of Default Defined 15 13 .2 Remedies upon Lessee' s Default 16 13 . 3 Non-Waiver 18 13 . 4 Events of Default by Airport, Lessee' s Remedies 18 13 . 5 Condemnation 18 ARTICLE XIV Transfer of Interests 14 . 1 Assignment by the Airport 19 14 . 2 Assigning, Subletting and Encumbering 19 ARTICLE XV Miscellaneous 15 . 1 Notices 19 15 . 2 Severability 20 15 . 3 Entire Agreement; Modification 20 15 .4 Execution of Counterparts 20 15 . 5 Effect of Sundays and Legal Holidays 21 15 . 6 Descriptive Headings; Table of Contents 21 15 . 7 Choice of Law; Enforcement 21 15 . 8 Force Majeure 21 15 .9 Consent Not Unreasonably Withheld 21 15 . 10 Recovery of Attorney Fees and Costs 21 15 . 11 Binding Effect 21 Signatures 22 iii • LEASE AGREEMENT This Agreement made and entered into at Fayetteville, Arkansas the 1st day of September 1997, by and between the Fayetteville Municipal Airport, hereinafter referred to as the "Airport" , and Aero Tech Services, Inc. , dba Fayetteville Air Service, hereinafter referred to as "Lessee" , with a principal place of business located at the Airport. NOW, THEREFORE, the parties hereto, for and in consideration of the rents, covenants and agreements contained herein, agree as follows : ARTICLE I Definitions Section 1 . 1 Definitions . Throughout this Agreement, the following words shall have the following meanings, respectively, unless the context clearly shall indicate some other meaning: a. Agreement means this Lease Agreement between the Airport and Lessee; b. Airport means the Fayetteville Municipal Airport; c. City means the City of Fayetteville, Arkansas; d. FAA means the Federal Aviation Administration of the United States, or any federal agency succeeding to its jurisdiction or function; e. Governmental Requirements means all federal, state and local laws, rules, regulations, security plans, and rulings, including all amendments, now in effect or hereinafter enacted; f . Leased Premises means the area described and illustrated on Exhibit "A" ; and g. Term means the period of time that this agreement shall be in effect, as set forth in Section 2 . 1 (Term of Agreement) . H. Fuel Farm means fuel storage system. Section 1.2 Rules of Construction. Throughout this Agreement, unless the context clearly shall require otherwise; 1 a. The singular includes the plural and vice versa; b. The words "and" and "or" shall be both conjunctive and disjunctive; c. The words "all" and "any" mean "any and all" ; d. The word "including" means "including without limitation" ; e. The word "he" or any other masculine pronoun includes any individual regardless of sex; f . Reference to any exhibits shall mean exhibits attached to this Agreement which shall be deemed incorporated by reference; and g. Reference to articles or sections respectively shall mean articles or sections of this Agreement. ARTICLE II Term Section 2 . 1 Term of Agreement. The Term of this Agreement shall be for a period of one year commencing on the date of this Agreement and expiring on August 31, 1998 , unless otherwise terminated or canceled. Provided, as of the effective date of termination or cancellation of this Agreement, all obligations which have been incurred by Lessee, or with respect to which Lessee shall be in default, shall survive such termination or cancellation. Section 2 . 2 Options to Extend. In addition to any other rights it may have under this Agreement, if and upon the conditions that Lessee shall have complied with and conformed to conditions, covenants and terms of this Agreement to be observed and performed by it without any uncorrected default having occurred under this agreement during the Lease term; Lessee shall have and hereby is granted options to extend the lease term upon expiration thereof, Seon Ptember 1, 1998 for 3 renewal periods of 3 years, which options, if exercised, will cause this lease to terminate on August 31, 2007 Such renewal options may be exercised by notice in writing to the Airport at least one hundred twenty (120) days prior to the expiration of the initial Term or prior period. In the event such renewal options are exercised, all terms and conditions then applicable to this Agreement shall remain in effect during the extended Term hereof . Prior to each renewal there shall be a performance review conducted by the Airport Board. The format 2 of this review will be to hear a report from: The Airport Manager regarding the performance of FAS under the terms of this agreement. The Airport Grievance Committee which will include an accounting by nature and number of the complaints brought to the committee including details of any unresolved complaints . See Section 10 . 2 Airport Grievance Committee. In this review The Airport Board will consider only specific compliance with the terms of this agreement and the provisions set out in the Airport Minimum Standards . Further, no consideration will be given to any customer complaint that has not been heard by the Airport Grievance Committee and remains unresolved following consideration and mediation efforts by the committee. Following each renewal review, the Airport Board shall forward to the City Council its recommendation to continue or to terminate the agreement . Because the recommendation forwarded to the City Council will have considerable bearing on the renewal of this agreement and in order to establish fair and measurable performance criteria the following performance standards are established: Airport Minimum Standards - Lessee will comply with all items set out on these standards and any failure to do so without correction as provided in the standards shall be considered grounds for termination of the agreement. In addition to the Minimum Standards the following are made a part of this agreement: Response to customer requests - Lessee will establish appropriate communication links in order to assure that customers are able to contact service personnel . During the hours of 8 : 00 a.m. to 5 : 00 p.m. customer service personnel will be available by telephone and by radio. More than an average of four validated complaints per month over a twelve month period of failure to answer radio or telephone calls will be considered failure to perform under this agreement. Person in charge: There will be a person in charge at all times. Generally, this will be the designated manager of the fixed base operation. However, during times when the manager is not present or otherwise unable to perform the duties of the person in charge another person will be designated and will have the responsibility of the operation of the FIXED 3 BASE OPERATION until such time as the designated manager can again assume this responsibility. Public relations training for personnel: Lessee will strive to provide prompt and courteous service to all potential customers through an active customer response training program for all employees . In this training employees will be instructed in generally accepted courtesy and proactive customer response methods . Fuel delivery: For each delivery of fuel to an aircraft Lessee will record the time the request was received and the time the delivery began. Fayetteville Air Service will make a diligent and consistent effort to begin fuel delivery within fifteen minutes of the time that fuel is requested. Fuel response time of more than thirty minutes for more than 10% of the fuel requests in any continuous sixty day period shall be considered failure to provide adequate fuel delivery service. Maintenance: For each maintenance operation performed Lessee will record the date and time the aircraft was delivered to Fayetteville Air Service for service, the promised completion time and the actual completion time. Each time Fayetteville Air Service accepts an aircraft to perform maintenance through any of its maintenance and service capabilities the owner, or person making an agreement on behalf of the owner, shall be provided with a copy of a written service order which sets out the scope of the work proposed and a specific time when the work is to be completed. This work order will provide the owner with a general estimate of the time and cost involved for the work proposed. In event that circumstances create an increase of more than 20 percent of the cost estimate or any change in the promised completion date and time, the owner will be notified before work continues . Should a dispute between an aircraft owner and Lessee arise, Lessee will make every effort to resolve the dispute. If resolution is not possible, Lessee will ask the owner to file a complaint with the Grievance Committee so that mediation can be attempted. Should a complaint be made to the Airport Manager, he will notify Lessee and the Grievance Committee in the same manner as set out in Section 10 . 1 below. Section 2 . 3 Surrender of Possession: Holding Over. Except as otherwise expressly provided in this Agreement, at the expiration or sooner termination of the Agreement, Lessee agrees to surrender possession of Leased Premises peacefully and promptly to the Airport in as good condition as existed at the effective date of 4 • this Agreement, ordinary wear, tear and obsolescence only excepted. If Lessee shall hold over after the termination of this Agreement, the Airport may allow Lessee to remain on the premises as a month-to-month tenant at will . During such tenancy, Lessee shall pay to the Airport the rentals, fees and charges set by the Airport, and Lessee shall be bound by all of the additional provisions of this Agreement insofar as they may be pertinent. ARTICLE III Lessor' s Grants; Reservations Section 3 . 1 Lease. The Airport hereby offers and leases to Lessee, and Lessee hereby accepts and leases from the Airport, the Leased Premises for the Term of this Agreement, subject to the provisions and conditions herein set forth. Lessee accepts the Leased Premises in the condition in which they exist at the commencement of this Agreement. Section 3 . 2 Avigation Easement. The Airport reserves the right to take such action as may be necessary to protect the aerial approaches of the Airport against obstruction in accordance with applicable standards or requirements, together with the right to prevent Lessee or any other person from erecting or permitting to be erected any equipment, building or other structure on the Airport (other than any buildings to be constructed in compliance with and pursuant to the plans and specifications referred to herein) , which would conflict with such standards and requirements now in effect or hereinafter enacted. The Airport also reserves for itself, the City and their licensees, an avigation easement in, over and across the air space above the Leased Premises and the unrestricted right to subject the Leased Premises to such Airport noise and vibration as may result from the flight of aircraft, warm up of engines, testing of motors and other aviation related activities . Section 3 . 3 Reservation of Mineral Rights . The Airport and City reserve all right, title and interest they may have in and to all minerals in, on or under the Leased Premises. Lessee shall not engage in any mining activities in, on or under the Leased Premises during the Term of this Agreement. "Minerals" as used herein shall mean all mineral substances and deposits whether solid, gaseous, or liquid. Section 3 . 4 Title to Existing Improvements . Title to all improvements which have been or will be made to the Leased Premises as of the execution hereof shall be and remain in the Airport during the Term and any extended term of this Agreement. 5 Section 3 . 5 Ouiet Enjoyment. Unless Lessee shall have defaulted in its obligations hereunder, it shall have quiet enjoyment of the Leased Premises . HOWEVER, THE Airport, AND ITS AUTHORIZED REPRESENTATIVES, SHALL HAVE THE RIGHT TO INSPECT THE LEASED PREMISES DURING ALL REASONABLE HOURS . Section 3 . 6 No Joint Venture or Partnership. This Agreement shall not be deemed or construed (a) to create any relationship of joint venture or partnership between the parties, (b) to give the Airport any interest in the business of Lessee, or [c] to grant to Lessee any powers as an agent or representative of the City or Airport for any purpose or to bind the City or the Airport. Lessee shall be an independent contractor owning and operating its business as herein described. Section 3 .7 Termination of Agreement for Airport Purposes . Lessee agrees and understands that, by reason of the broad public interest in the efficient maintenance, operation and development of the Airport, the Airport hereby expressly reserves the right to terminate this Agreement upon a determination by the Airport that the Leased Premises are needed for Airport construction or development. In the event the Airport elects to terminate the Agreement for the reasons stated in this section, Lessee shall surrender the Leased Premises to the Airport within ninety (90) days from receipt of the Airport' s written notice of its intent to terminate the Agreement and acquire Lessee' s interest in the Leased Premises . The Airport shall use its best efforts to provide Lessee with comparable replacement premises at the Airport at rates not to exceed those provided in this Agreement. If only a portion of the Leased Premises is required, the Airport may terminate Lessee' s rights to the portion of the Leased Premises required, in the manner described in this section. If the Airport provides replacement premises at the Airport, the Airport shall pay the reasonable expenses incurred by Lessee in relocating to the replacement premises . Reasonable expenses are those expenses that are necessary to physically move and relocate the Lessee to new premises on the Airport. Reasonable expenses are those expenses that are necessary and for which the applicable governmental procurement laws, regulations and procedures have been followed. The parties further agree that the market rent of the replacement premises shall be deemed to be equivalent to the contract rent specified in this Agreement, throughout the Term or any extended term. Section 3 . 8 Airport Minimum Standards . The Minimum Standards 6 • for Operation and Commercial Aeronautical Activities herein referred to as Airport Minimum Standards at Fayetteville Municipal Airport are made part of this lease by reference as if included word for word. ARTICLE IV Use Section 4 . 1 Use of the Leased Premises . Lessee shall be entitled to use the Leased Premises for all lawful purposes related to the activities which Lessee is allowed to conduct under this Agreement. Lessee, its representatives, agents, invitees and licensees, shall have the right of ingress and egress to and from the Leased Premises . The Airport reserves the right to close any means of ingress and egress, so long as other reasonable means of ingress and egress to the Leased Premises are available to Lessee. Section 4 .2 General Use of the Airport. Subject to FAA and Airport security and Airport operational rules, Airport Minimum Standards, regulations and procedures, Lessee shall be entitled to use, on a nonexclusive basis, public areas of Airport and runways, taxiways, aprons, lighting navigation aids, and other facilities necessary for the operation of aircraft. Section 4 . 3 Security Plan. Lessee shall require all persons entering the Leased Premises to comply with the Airport Security Plan and the Airport rules and regulations established by the Airport and the FAA as they currently exist, and as may be amended. Section 4 .4 Limitations on Signage. Without the prior written approval of the Airport, Lessee shall not erect, maintain or display signs of advertising or graphics at or on the exterior parts of the Leased Premises, or in or on the Leased Premises, so as to be visible outside the Leased Premises . Exterior signs affecting public safety and security shall be in accordance with established City of Fayetteville Standards . ARTICLE V Improvements to the Premises Section 5 . 1 Title. Title to all improvements and fixtures constructed directly on the Leased Premises by Lessee shall be in the Airport. Section 5 . 2 Plans and Specifications . All plans and specifications for new improvements on the Leased Premises shall be prepared by Lessee in compliance with all Governmental Requirements, City of Fayetteville (Airport Board, City Inspections, City Planning, City Engineering, etc. ) and FAA as 7 applicable. Lessee shall furnish to the Airport copies of permits and licenses needed for construction. Construction plans and specifications shall be submitted by Lessee to the Airport for approval . Thereafter, the Airport shall have forty-five (45) days after receipt within which to approve the plans and specifications, or to notify Lessee of any objections thereto. Each objection and the grounds therefor shall be stated separately. Lessee shall have a reasonable time thereafter within which to make any revision to remove the Airport' s objections, the Airport shall have sixty (60) days within which to approve or reject Lessee' s revised proposal . After the Airport' s approval of the final plans and specifications , Lessee may proceed with construction. Construction shall be substantially in accordance with the approved plans and specifications . Upon completion of construction, Lessee shall furnish to the Airport one complete set of reproducible "as built" plans and specifications . Section 5 . 3 Effect of New Improvements . Construction of new improvements on the Leased Premises shall not be permitted to adversely affect existing improvements, other Airport tenants, Airport property or other property contiguous to the Airport. Section 5 .4 Removal and Ownership of Airport Structures on Leased Premises . Lessee may not remove or otherwise alter any improvement to the Leased Premises owned by the City or the Airport without prior written consent of the Airport. Lessee may request permission in writing to remove or alter such improvements. Within forty-five (45) days of receipt of such written request, the Airport shall notify Lessee of either the rejection or approval of the request. Ownership and title to all improvements removed from or altered on the Leased Premises shall remain in the Airport unless relinquished in writing by the Airport. Removal, storage, maintenance, transportation and disposal of any improvements shall be made at Lessee' s sole cost. Section 5 . 5 Security Line Fencing, walls, Doors and Gates . The Airport shall maintain any FAA security line located on the Leased Premises, including but not limited to fences, walls, doors and gates . If required, Airport shall provide all materials and labor, at its sole cost, necessary to comply with the Airport security requirements . If required, Airport shall pay for the cost of all points of entry through the security line required for access by Lessee and its employees, business invites or others from the land side of the Airport to the aircraft operations area of the Airport. At all security gates on the Leased Premises, Airport shall install : (a) communication devices as approved by the Airport which shall be connected to the phone system; and (b) an entry system as approved by the Airport using key cards issued by the 8 Airport pursuant to an Airport security requirements submitted to and approved by the FAA. Lessee will reimburse Airport for cost of said key cards . Section 5 . 6 Inspection. The Airport and its authorized representatives shall have the right to inspect the Leased Premises during all reasonable hours . ARTICLE VI Rentals, Fees and Charges Section 6 . 1 Rental Charge. For the period beginning from the date of this Agreement through August 31, 1998 , the Lessee shall pay annual rental for the area described in Exhibit A at the rate of $18, 859 .20, annually payable monthly, in advance at the rate of $1, 571 . 60 per month on the 20th day of each month. This rental charge is in addition to the rental charges set out in and Section 9 . 1 . If the Lease has not expired or been terminated, the annual rental set out in this section and Section 9 . 1 shall be increased by three and one half percent (3 . 5%) of the prior year' s rental charge. Such new amount shall be paid in twelve (12) equal monthly installments during each lease year. Section 6 . 2 Landlord' s Lien. If the Lessee defaults on this Agreement, the Airport shall have a lien on all furnishings, equipment, fixtures and personal property of any kind, and the equity of Lessee therein. The lien is granted for the purpose of securing the payment of rentals, fees, charges, taxes, assessments, liens , penalties and damages herein covenanted to be paid by Lessee, and for the purpose of securing the performance, all and singular, of the covenants, conditions and obligations of this Agreement to be performed and observed by Lessee, subject only to any mortgages to which the Airport shall consent . This lien shall be in addition to all rights of landlord given under the laws of the State of Arkansas . If the Lessee remains current in its rental obligations and otherwise complies with the terms of this agreement, the Airport agrees to subordinate its lien to Lessee' s creditors . Section 6 . 3 Place of Payments . All sums payable by Lessee hereunder shall be delivered to: Fayetteville Municipal Airport 4500 S. School Ave. , Suite F Fayetteville, AR 72701 Section 6 . 4 Delinquencies . In addition to any remedy 9 available to it hereunder, the Airport may impose as additional rental a delinquency charge on all overdue payments, at the maximum rate allowed by law. Section 6 . 5 Utility Services . At its own expense, Lessee shall be responsible for the installation, relocation, modification and maintenance of all utility services to or on the Leased Premises . This shall include any janitor services, power, gas, telephone, electricity, heating, water, sewer, storm water and all other utility services not enumerated specifically. Lessee shall pay as the same becomes due, all utility and other charges incurred in the operation, maintenance, use, occupancy, repair and upkeep of the Leased Premises and the improvements located thereon. Section 6 . 6 Landing Fees . Lessee shall collect landing fees for all commercially operated aircraft landing at Fayetteville Municipal Airport and being served by Fayetteville Air Service, with the exception of regularly scheduled air carriers . It shall be the responsibility of the Lessee to insure that said fees are collected and, with supporting documentation, remit to Airport all fees, less ten per cent (10%) for administrative costs associated with this requirement. Airport shall provide Lessee current rates and necessary documentation thereto. ARTICLE VII Maintenance and Care of Leased Premises Section 7 . 1 Maintenance and Care of Leased Premises . The Lessee, as part of the Agreement, will provide, at their expense, all maintenance and custodial service for that the General Aviation Terminal Building. The Airport agrees that it will keep and maintain the exterior of the General Aviation Terminal Building, including the roof, exterior walls and exterior plumbing thereof, in good condition and repair, and agrees that if the roof or any part of the exterior walls or exterior plumbing of said building thereof shall become defective or damaged at any time during the term due to ordinary wear and tear and not due to negligence of Lessee or the Lessee' s agents or customers, upon notice from the Lessee, the Airport will immediately cause repairs to be made and restore the defective portions to good condition. The Airport shall insure that the glass and doors are in good condition on the effective date of this lease; thereafter, Lessee shall be responsible for maintenance of said glass and doors . The Airport shall not be responsible for, or pay for any expense which might arise due to, the installation and/or removal of antennas, radio signal or receiving towers or related facilities . The Lessee shall be responsible for the maintenance and normal 10 operating condition of all heating, electrical and air conditioning equipment and interior plumbing on the premises used by Lessee. The Airport shall be responsible only for major maintenance of the existing equipment in the mechanical room of the General Aviation Terminal Building. Major maintenance, as used herein, shall mean replacement of the heating and air conditioning units or compressor units when deemed necessary by the Airport . Lessee at all times shall keep in a clean and orderly condition and appearance all of the Leased Premises and all of Lessee' s fixtures, equipment and personal property which are located thereon. Lessee shall perform mowing of the Leased Premises . Lessee shall not commit or suffer to be committed any nuisance on the Leased Premises . Lessee shall conduct its operations in an orderly and proper manner so as not to annoy, disturb, or be offensive to others at or surrounding the Airport. Lessee shall take all reasonable measures to keep the sound level of its operations as low as reasonably possible. Lessee shall not permit the accumulation of any rubbish, trash or other waste material on the Leased Premises. Except in tanks and in the manner approved by appropriate governmental authorities, Lessee shall not store any gasoline or other material likely to give off fumes or gases or any material likely to constitute a fire, safety or security hazard on the Leased Premises . Lessee shall not cause or permit any Hazardous Material or Hazardous Substance to be used, stored, generated or disposed of on or in the Leased Premises by Lessee, Lessee' s tenants, agents, employees, contractors or invitees without first obtaining the Airport' s written consent. ARTICLE VIII Indemnity and Insurance Section 8 . 1 Indemnity. Lessee shall indemnify, protect, defend and hold completely harmless, the City, the Airport, and their trustees, councilors, officers, agents and employees from and against all liability, losses, suits, claims, judgments, fines or demands arising from injury or death of any person or damage to any property, including all reasonable costs for investigation and defense thereof (including attorney fees, court costs, and expert fees) , of any nature whatsoever arising out of or incident to this Agreement, Lessee' s use or occupancy of the Airport premises, the rights, licenses, or privileges granted Lessee herein, or the acts or omissions of Lessee' s officers, agents, employees, contractors, subcontractors or licensees, regardless of where the injury, death or damage may occur. The Airport shall give notice to Lessee of any such liability, loss, suit, claim or demand, and Lessee shall defend same using counsel reasonably acceptable to the Airport. No word, sentence, paragraph or phrase shall be construed to waive that tort immunity as set forth under Arkansas Law. The provisions 11 of this section shall survive the expiration or early termination of this Agreement. Section 8 . 2 Insurance. Lessee shall keep the fixed base operation and fuel storage system fully insured and shall maintain in force during the Term and any extended term public liability and property damage insurance in comprehensive form including but not limited to hangar keepers liability, Airport liability, aircraft liability, broad form property damage, personal injury, and any excess liability in umbrella form, with such coverage and limits as reasonably may be required by the Airport from time to time and outlined in the Airport Minimum Standards . The insurance shall be issued by an insurer licensed to do business in the State of Arkansas . Concurrent with the execution of this Agreement, Lessee shall provide proof of insurance coverage by providing a Certificate of Lessee' s Insurance coverage, a copy of the declarations page of the insurance policy, and a copy of all endorsements . The Certificates of Insurance, or endorsements attached thereto, shall provide that: (a) insurance coverage shall not be canceled, changed in coverage, or reduced in limits without at least thirty (30) days prior written notice to the Airport; (b) the City and the Airport and their trustees, agents, officers, servants, and employees are named as additional insured; [c] the policy shall be considered primary as regards to any other insurance coverage the Airport may possess , including any self -insured retention or deductible the Airport may have, and any other insurance coverage the Airport may possess shall be considered excess insurance only; (d) the limits of liability required therein are on an occurrence basis; and (e) the policy shall be endorsed with a severability of interest or cross-liability endorsement, providing that the coverage shall act for each insured and each additional insured as though a separate policy had been written for each insured or additional insured; however, nothing contained therein shall act to increase the limits of liability of the insurance company. Any deductibles or self-insured retentions must be declared to and approved by the Airport. At the option of the Airport, either; (a) the Lessee shall reduce or eliminate such deductibles or self - insured retentions as respects the Airport, the City, and their councilors, trustees, agents, officers, and employees, or (b) Lessee shall procure a bond equal to the amount of such deductibles or self -insured retentions guaranteeing payment of losses and related investigations, claims administration and defense expenses (including attorneys' fees, court costs and expert fees) . If the insurance coverage required herein is canceled, changed in coverage or reduced in limits, Lessee shall, within fifteen (15) 12 days of receipt of notice from the Airport, but in no event later than the effective date of cancellation, change or reduction, provide to the Airport a certificate showing that insurance coverage has been reinstated or provided through another insurance company. Upon failure to provide such certificate, the Airport may, without further notice, and at its option either (a) exercise the Airport' s rights as provided in the default provisions of this Agreement, or (b) procure insurance coverage at Lessee' s expense whereupon Lessee promptly shall reimburse the Airport for such expense. ARTICLE IX Fuel Farm Section 9 . 1 Fuel Farm. The Lessee leases the area described and illustrated on Exhibit B, which is the area containing the fuel storage system. The Lessee shall pay annual rental for this area of $7 , 683 . 24 , which sum shall be paid at the rate of $640 . 27 per month. The Lessee' s rental for the area containing the fuel storage system shall increase according to the schedule set out in Section 6 . 1 . Aviation gasoline and/or jet fuel shall not be sold for non- aeronautical purposes . Section 9 . 2 Fuel Flowage Fees . Lessee shall pay the Airport for the right to sell jet fuel and aviation gasoline on the Airport an amount equal to the rate described in Section 91 . 16 , Code of Fayetteville. Section 9 . 3 Fuel Audits . Lessee agrees to furnish Airport annually, certified statements which show the total fuel delivered to the fuel farm for the preceding calendar year at Fayetteville, Arkansas . Should the Lessee fail to furnish the Airport with the certified statements from an officer of Lessee within three (3) months following the due date of each certified statement from an officer of Lessee, Lessee agrees to pay the Airport the sum of $100 per day for each day following the said three (3) months until such statements are delivered to Airport. ARTICLE X Complaints Section 10 . 1 Customer Complaints . The Lessee will keep a record of all complaints from customers concerning any aspect of the sale of Jet or Aviation Gasoline, aircraft maintenance, or any 13 other aspects of the Fixed Base Operation. If a complaint is received by the Airport, the Airport Manager will notify the Lessee in writing and provide a copy of the notice to the Chairman of the Grievance Committee. On a monthly basis the Lessee will submit a report to the Airport that will include records of any complaints, and what action was taken to mitigate the problem. In addition, a Fuel and Maintenance Ledger will also be submitted on a monthly basis. This ledger will include customer name, time service was ordered, time service began, time service completed, fueling agent, and comments . On a monthly basis Lessee shall submit to Airport a copy of the ledger (s) with customer name, aircraft type and identification deleted. If, however, a complaint shall arise concerning services contained on the ledger (s) , lessee shall then submit to the Airport the ledgers) without the deletions concerning the complaint . If a resolution to the complaint is not reached, the complaint will be forwarded to the grievance committee as outlined in Section 10 . 2 . Section 10 .2 Grievance Committee. A three person committee will be established to hear Fixed Base Operation customer complaints . This committee will meet on an as needed basis . Airport Management will appoint one person, one person will be appointed by the Lessee. The two persons appointed will appoint a third person who will be chairman of the committee. The chairman of the committee will become a member of the Airport Board, pending approval by the Fayetteville City Council by separate action. Complaints will be considered by this committee and every effort will be made to resolve the problem. If a resolution cannot be found, then the complaint will be forwarded to the Airport Board, and then to the Fayetteville City Council if necessary. ARTICLE XI Indemnity - Hazardous Substance Section 11 . 1 Indemnity - Hazardous Substance. Lessee shall not cause or permit any Hazardous Substance to be used, stored, generated or disposed of on or in the Leased Premises by Lessee, Lessee' s agents, employees, contractors, or invitees without first obtaining the Airport' s written consent. If Hazardous Substances are used, stored, generated, or disposed of on or in the Leased Premises except as permitted above, or if the Leased Premises or any other Airport property become contaminated in any manner for which Lessee is responsible or legally liable, Lessee shall indemnify and hold harmless the Airport from any and all claims, 14 damages, fines, judgments, penalties, costs, liabilities, or losses (including, without limitation, a decrease in value of the Leased Premises or other Airport property, damages caused by loss or restriction of rentable or usable space as a part of the Leased Premises, or any damages caused by adverse impact on marketing of the Leased Premises or other Airport property, and consultant and expert fees) arising during or after the Term hereof and arising as a result of that contamination by Lessee or Lessee' s agents, employees, contractors or invitees . This indemnification includes, without limitation, any and all costs incurred because of any investigation of the Airport or any cleanup, removal, or restoration mandated by a federal, state or local agency or political subdivision. Without limitation of the foregoing, if Lessee causes or permits the presence of any Hazardous Substance on the Leased Premises or other Airport property that results in contamination, Lessee shall take promptly, at its sole expense, any and all necessary actions to return the contaminated premises to the condition existing prior to the presence of any such Hazardous Substance. Lessee first shall obtain approval from the Airport for any such remedial action. This indemnification agreement includes, but is not limited to, the Lessee' s previous and future use of the fuel farm. As used herein, "Hazardous Substance" means any substance that is toxic, ignitable, reactive, or corrosive and that is regulated by any local government, the "substance" includes any and all material or substances that are defined as "hazardous waste" , "extremely hazardous waste" , or a "hazardous substance" pursuant to state, federal or local governmental law. "Hazardous Substance" includes but is not restricted to asbestos, polychlorobiphenyls ("PCB' s") , and petroleum and petroleum related products. No word, sentense, phrase or paragraph contained herein shall be construed to vaive that tort immunity as set forth under Arkansas Law. ARTICLE XI Governmental Reauirements Section 12 . 1 Governmental Reauirements - General . Lessee shall comply with all Governmental Requirements applicable to Lessee' s use and operation of the Leased Premises . Without limiting the generality of the foregoing, Lessee shall at all times use and occupy the Airport in strict accordance with all laws, rules, regulations, minimum standards, and security plans that may be imposed by the FAA, the Airport, the state, federal or city government with respect to the Airport and operations thereof . Lessee shall procure, and require all its subsidiaries or assignees to procure, from all governmental authorities having jurisdiction over the operation of Lessee hereunder, all licenses, franchises, certificates, permits or other authorizations which may 15 be necessary for the conduct of Lessee' s business on the Leased Premises . Lessee shall require its guests and invitees and those doing business with it to comply with all Governmental Requirements relating to the conduct and operation of Lessee' s business on the Leased Premises . Section 12 .2 No Liability for Exercise of Powers . The Airport shall not be liable to Lessee for any diminution or deprivation of its rights which may result from the proper exercise of any power reserved to the Airport in this Agreement or by Reason of governmental requirements; Lessee shall not be entitled to terminate this Agreement by reason thereof, unless the exercise of such power shall interfere with Lessee' s rights hereunder so as to constitute a termination of this Agreement by operation of law. Section 12 .3 Nondiscrimination. Lessee, and its successors in interest, and assigns, as part of the consideration hereof, hereby does covenant and agree, as a covenant running with the land, that in the event facilities are constructed, maintained or otherwise operated on property described in this Agreement for a purpose for which a Department of Transportation program or activity is extended or for another purpose involving the provisions of similar services or benefits , Lessee shall remain and operate such facilities and service in compliance with all other requirements imposed pursuant to Title 49 CFR Part 21 , Nondiscrimination in Federally-Assisted Programs of the Department of Transportation- Effectuation of Title VI of the Civil Rights Act of 1964 , as said regulations may be amended. Lessee, and its successors in interest, and assigns, as a part of the consideration hereof, does covenant and agree hereby, as a covenant running with the land, that: (1) no person shall be excluded from participation in, denied the benefits of, or otherwise be subjected to discrimination in the use of said facilities on the grounds of race, color, creed, national origin, sex or handicap; (2) in the construction of any improvements on, over or under such land, and the furnishings of services thereon, no person shall be excluded from participation in, denied the benefits of, or otherwise be subjected to discrimination in the use of said facilities on the grounds of race, color, creed, national origin, sex or handicap; (3) in the construction of any improvements on, over or under such land, and the furnishings of services thereon, no person shall be excluded from participation in, denied the benefits of , or otherwise be subjected to discrimination in the use of said facilities, on the grounds of race, color, creed, national origin, sex or handicap; (4) Lessee shall be responsible for maintaining the Leased Premises and 16 services in a manner which complies with the parties' respective obligations under 14 CFR Part 382 , NONDISCRIMINATION ON THE BASIS OF HANDICAP IN AIR TRAVEL, under the Uniform Federal Accessibility Standards (UFAS) , or substantially equivalent standards; under 49 CFR part 27, NONDISCRIMINATION ON THE BASIS OF HANDICAP IN PROGRAMS AND ACTIVITIES RECEIVING OR BENEFITING FROM FEDERAL FINANCIAL ASSISTANCE; and under 42 U. S.C. S . §§ 12101, et seq. , THE AMERICANS WITH DISABILITIES ACT of 1990, or a substantially equivalent standard, and (5) Lessee will be responsible for any alterations and/or construction made during the initial lease period or any extensions or renewal within the demised space, the subject of this Lease, which may be mandated by or necessary to meet the requirements of the statutes and regulations cited above and other relevant Federal, State or local laws, statutes and regulations cited above and other relevant Federal, State or local laws, statutes and ordinances that relate to handicapped accessibility standards . To the extent applicable, Lessee assures that it will undertake an Affirmative Action Program as required by 14 CFR Part 152 , Subpart E to ensure that, on the grounds of race, color, creed, national origin or sex, no person shall be excluded from participating in any employment activities covered in 14 CFR Part 152 , Subpart E. Lessee assures that it will require that its covered suborganizations provide assurances to the Airport that they similarly will undertake Affirmative Action Programs and that they will require assurances from their suborganizations as required by 14 CFR Part 152 , Subpart E to this same effect. Section 12 . 4 Taxes and Other Governmental Charges . Lessee shall pay, as the same become due, all taxes and governmental charges of any kind whatsoever that at any time lawfully may be assessed or levied against or with respect to Lessee' s improvements, machinery, equipment or other property installed or used upon the Airport, including any ad valorem or personal property tax that may be assessed against any leasehold interest or estate created by this Agreement. In good faith and with due diligence, Lessee may contest any such taxes or governmental charges . This section applies only to taxes on property owned by Lessee. Section 12 . 5 Domestication. If Lessee is a foreign corporation, it shall domesticate its corporate status within the State of Arkansas, and obtain a certificate of good standing from the Secretary of the State of Arkansas, and provide to the Airport such evidence of domestication in good standing as the Airport from time to time reasonably may require. ARTICLE XIII 17 Events of Default Section 13 . 1 Events of Default Defined. The following shall be "events of default" under this Agreement, and the terms "events of default" or "default" shall mean, whenever they are used herein, any one or more of the following: a. Lessee shall fail to pay when due and owing any rentals, fees or charges payable hereunder and such nonpayment shall continue for twenty (20) days after written notice thereof by the Airport; b. Lessee shall (1) mortgage, pledge or encumber, any portion of its interest in this Agreement; (2) subject the Leased Premises to any lien of whatsoever nature, or (3) transfer, sublease or assign, either voluntarily or by operation of law, any portion of its interest in this Agreement, except in accordance with the provisions hereof; c. Lessee shall terminate its corporate structure, except as permitted herein; d. Lessee voluntarily shall abandon, desert, or vacate the Leased Premises; e. Lessee shall fail to comply with insurance requirements imposed hereunder; f . Lessee shall fail to observe or perform any other of its obligations hereunder, and such failure shall continue unremedied for twenty (20) days after the Airport shall have given to the Lessee written notice specifying such default. Provided, the Airport may grant Lessee such additional time as it' s reasonably required to correct any such default if lessee has instituted corrective action and diligently is pursuing the same; g. Lessee shall fail to provide and maintain any security assurances required hereunder; or Section 13 .2 Remedies upon Lessee' s Default. Whenever an event of default of Lessee shall occur, the Airport may pursue any available right or remedy at law or equity including: a. Termination. At its exclusive option, the Airport may deliver to Lessee written notice of termination, specifying the date upon which the Agreement will terminate. In the event of termination, Lessee' s rights 18 to possession of the Leased Premises immediately shall cease. The Airport may then reenter and take possession of the Leased Premises and Lessee forthwith shall surrender possession of the Leased Premises . Upon termination of this Agreement, Lessee shall be liable for payment of : (1) All sums accrued through the date of termination; (2) The reasonable costs incurred by the Airport to relet the Leased Premises, or any portion thereof; and (3) The reasonable cost incurred by the Airport to restore the Leased Premises or any portion thereof to the condition in which they originally were leased, ordinary wear and tear excepted. All rentals received by the Airport from reletting the Leased Premises after the termination of this Agreement shall be credited against the Outstanding Rental Balance. The acceptance by the Airport of any rentals from Lessee after the termination of this Agreement shall not reinstate this Agreement. b. Non-Termination. As alternative remedy upon Lessee' s default, the Airport may elect not to terminate this Agreement in which event the Lessee shall continue to perform all conditions and obligations to be performed by Lessee hereunder, notwithstanding any entry or reentry by the Airport, or commencement of any suit in unlawful detainer or other action brought by the Airport for the purpose of effecting such entry or reentry or obtaining possession of the Leased Premises . After giving Lessee ten (10) days written notice, the Airport may reenter the Leased Premises to take possession thereof . The Airport shall use reasonable diligence to relet the Leased Premises upon such terms and conditions as the Airport may deem advisable. Lessee agrees that this Agreement constitutes full and sufficient notice of the right of the Airport to relet the Leased Premises in the event of such reentry, without affecting the surrender or termination of this Agreement. Rentals or other proceeds received by Airport from subletting the Leased Premises shall be credited against the Outstanding Rental Balance after deducting from such proceeds all of the Airport' s expenses in connection with such reletting, including, without limitation, all repossession costs, brokerage 19 commisions, legal expenses , attorney fees, and expenses of preparation for reletting. c. Release of Liability; Waiver. If the Airport takes possession of the Leased Premises upon Lessee' s default, the Airport may expel Lessee and those claiming through or under Lessee and remove their property. The Airport may remove all Lessee' s property in or upon the Leased Premises and place such property in storage for the account of and at the expense of Lessee. d. Cumulative Remedies . Each remedy available to the Airport under this section shall be cumulative and shall be in addition to every other remedy of the Airport under this Agreement or existing at law or in equity. Section 13 . 3 Non-Waiver. Neither the waiver by the Airport of any breach of Lessee of any provision hereof nor any forbearance by the Airport to seek a remedy for any such breach shall operate as a waiver of any other breach by Lessee. Section 13 . 4 Events of Default by the Airport, Lessee' s Remedies . The Airport shall not be in default in the performance of any of its obligations hereunder until the Airport shall have failed to perform such obligations for thirty (30) days or such additional time as is reasonably required to correct any such default, after notice by Lessee to the Airport specifying wherein the Airport has failed to perform any such obligations; neither the occurrence nor existence of any default by the Airport shall relieve Lessee of its obligations hereunder to pay rentals, fees and charges . However, Lessee may institute such action against the Airport as Lessee may deem necessary to compel performance or recover its damages for nonperformance. Section 13 . 5 Condemnation. If , at any time during the Term and any extended term, the Leased Premises or the improvements located thereon, or any portion thereof, shall be taken by exercise of the power of eminent domain by a governmental entity other than the Airport or the City, the proceeds and awards in the condemnation proceedings shall be divided, and rentals required hereunder shall be adjusted in such manner as shall be just and equitable. If the Airport and Lessee are unable to agree upon a just and equitable division of proceeds or adjustment of rentals within thirty (30) days after rendition of any condemnation award, the matters then in dispute shall be submitted for determination by a court of competent jurisdiction. If the Leased Premises are wholly taken by condemnation, this Agreement shall terminate. Provided, valuation of Lessee' s interest in the Leased Premises and any improvements thereon shall be determined in the manner set 20 forth in Section 3 . 7 (Termination of Agreement for Airport Purposes) . ARTICLE XIV Transfer of Interests Section 14 . 1 Assignment by the Airport. The Airport may transfer or assign this Agreement to any successor in interest to whom the Airport may be sold or assigned; however, the successor in interest shall execute and deliver to the Airport, with a copy to Lessee, an instrument assuming the obligation, with a copy to Lessee, an instrument assuming the obligations of the Airport and the City under this Agreement. Section 14 . 2 Assigning, Subletting and Encumbering. Lessee shall not assign this Agreement in whole or in part, nor sublease all or any part of the Leased Premises, nor permit other persons to occupy said Leased Premises or any part thereof, nor grant any license or concession for all or any part of said Leased Premises, without the prior written consent of the Airport, which consent shall not be unreasonably withheld. Any consent by the Airport to an assignment or subletting of this Agreement shall not constitute a waiver of the necessity of obtaining that consent as to any subsequent assignment. Any assignment for the benefit of Lessee' s creditors or otherwise by operation of law shall not be effective to transfer or assign Lessee' s interest under this Agreement unless the Airport shall have first consented thereto in writing. Neither Lessee' s interest in this Agreement, nor any estate created hereby in Lessee nor any interest herein or therein, shall pass to any trustee or receiver or assignee for the benefit of creditors or otherwise by operation of law except as may specifically be provided in the Bankruptcy Code. If any of the corporate shares of stock of Lessee are transferred, or if any partnership interests of Lessee are transferred, by sale, assignment, bequest, inheritance, operation of law, or otherwise, so as to result in a change of the control , assets, value, ownership, or structure of lessee, same shall be deemed an assignment for the purposes of this Section 14 .2 and shall require the Airport' s prior consent, and Lessee shall notify the Airport of any such change or proposed change. ARTICLE XV Miscellaneous Section 15 . 1 Notices . All notices, certificates, statements, demands , requests, consents, approvals, authorizations, offers, agreements, appointments, designations or other communication which may be or are required to be given by either party thereto to the other shall be deemed to have been sufficiently given on the third day following the day on which the same are mailed by Registered or 21 Certified Mail, postage prepaid as follows if to the Airport: Fayetteville Municipal Airport 4500 S. School Ave. , Suite F Fayetteville, AR 72701 and if to Lessee: Fayetteville Air Service P.O. Box 1266 Fayetteville, AR 72702 The Airport and the Lessee, by notice given hereunder, may designate any further or different addresses to which subsequent notices, certificates or other communications shall be sent. Section 15 . 2 Severability. In the event any provisions of this Agreement shall be held invalid or unenforceable by any court of competent jurisdiction, such holding shall not invalidate or render unenforceable any other provision hereof , unless such holding shall materially affect the rights of either party as set forth herein. Section 15 . 3 Entire Agreement; Modification. This Agreement expresses the entire understanding of the Airport and Lessee concerning the Leased Premises and all agreements of the Airport and Lessee with which each other concerning the subject matter hereof . Neither the Airport nor Lessee has made or shall be bound by any agreement or any representation to the other concerning the Leased Premises or the subject matter hereof which is not set forth expressly in this Agreement . This Agreement may be modified only by a written agreement of subsequent date hereto signed by the Airport and Lessee. Section 15 . 4 Execution of Counterparts . This Agreement simultaneously may be executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument . Section 15 . 5 Effect of Sundays and Legal Holidays . Whenever this Agreement requires any action to be taken on a Sunday or a legal holiday, such action shall be taken on the first business day occurring thereafter. Whenever in this Agreement, the time within which any action is required to be taken, or within which any right will lapse or expire, shall terminate on Sunday or a legal holiday, such time shall continue to run until 11 : 59 p.m. on the next succeeding business day. Section 15 . 6 Descriptive Headings; Table of Contents . The 22 descriptive headings of the sections of this Agreement and any Table of Contents annexed hereto are inserted or annexed for convenience of reference only and do not constitute a part of this Agreement and shall not affect the meaning, construction, interpretation or effect of this Agreement. Section 15 .7 Choice of Law; Enforcement. This Agreement shall be construed and enforced in accordance with the laws of the State of Arkansas. Whenever in this Agreement it is provided that either party shall make any payment or perform, or refrain from performing, any obligation, each such provision, even though not so expressed, shall be construed as an express covenant to make such payment or to perform or not to perform, as the case may be, such act or obligation. Section 15 . 8 Force Majeure. Neither the Airport nor Lessee shall be deemed in violation of this Agreement if it is prevented from performing any of the obligations hereunder by reason of embargoes, shortages of material, acts of God, acts of the public enemy, acts of superior governmental authority, weather conditions , floods, riots, rebellions, sabotage, or any other circumstances for which it is not responsible or which are not within its control, and the time for performance automatically shall be extended by the period the party is prevented from performing its obligations hereunder. Section 15 . 9 Consent Not Unreasonably Withheld. Whenever it is provided herein that the consent of the Airport or Lessee is required, such consent shall not be unreasonably withheld, conditioned or delayed, except as provided herein. Section 15 . 10 Recovery of Attorney Fees and Costs . If either party shall bring any legal or equitable action against the other, the losing party shall pay the reasonable attorney fees and costs incurred by the prevailing party in such action including any appeal . For purposes of this section, "costs" shall include expert witness fees, and court costs . Section 15 . 12 Binding Effect. This Agreement shall inure to the benefit of and shall be binding upon the Airport, Lessee and their respective successors and assigns, if such assignment shall have been made in conformity with the provisions of this Agreement. 23 IN WITNESS WHEREOF, the Airport and Lessee have executed this Agreement at Fayetteville, Arkansas on the 764A day of Se,, . 1997 . City of Fayetteville By { f. or Ma ") rr ATTEST Title: CI T I CLERK Aerotech Services Inc. dba Fayetteville Air Service By Title: hes'ideil-71 ATTEST: Title: 24 I AIRPORT LAYOUT On N .•dvr76,A N. AIRPORT LOCATION 1 Loan ID•r7V AR Oes +70'Troup ° 1 AR 1110 Tar7'Pole US 71 +aZ'POI, T .4.41I'Tns Two On Hit Us e2 `-.'• us 71e +$10' 4000' P'.y.N.VIA. Tr.r . 0 . N AR HI 1 MAKS t e0' +1'Rued FIELD M. * ' ; OVALS 3S-CON Tres 1Ir 0 Q I 2 +04-10W Revd p US 71 viii - ` i REMARKS; Mein IN, C 1. Qum,.-7►0 Mtn,1'ay itovI$o. Moo 2, Minot RrnlMning ian•on flog, III I It . MQn) l I 0 M ira nl 1 Ili fi=g 0 illl ThH on HIN NI 4-01 Ill Zia' OM Aut, \ti‘ Pont r 0 1000 2000 ' U , eMnanieralialaii / ,i" 7/1QIVe\ , ruTrue / Exhibit A 1 FM - -_,_,__�_,_..--- no No,•001175,A T N .AIRPORT LOCATION 1 AIRPORT LAYOUT Loon ID•PTV - AR 20% +70'Trim ° 1/ AR 1S T+17'Polo t vt 7/ us 71e +s�'P0111 7 '+49'Troo Trove On RR us eZ '-"- N10' 4000' frayeitevRe +101 Tromp Q AR X99 Wig see' • +9'Rood FIEiA *ow ' OPAL, 10-OON Trim !1 0 1 2 +14-101N Hof ,, ‘,... 7:Iiiii VS 74 1 VII 74 t - . - RIMAhKA: Mein N, 4 0 1, Quad.•7,0 MIn,Pi y 1W.11h. Fie i THwo 2, Mono*ROn+MMnS Sirs on Rwy. Fitco.ly D VIA .. ill Muaoum t All li il 0 Pie,On to N 4411 0f0' ?ever) (1 Al jP.ck w- 0 1000 2000 IC:li). ' 7/14190 5flOW-110'Trim • / J ---•--twirl; tI Exhibit $ iJ Di�ll�! 614;1 et5:-(19 FAYETTEVILLE • NOT , . a.ti .1� - AIRPORT DEPARTMENT 199 Q THE CITY OF FAYETTEVILLE,ARKANSAS 8 u � MICROFILMED c° 'T 4 " September 28, 1998 C / N0V � �v Mark Courdin, President 6 X998 Aero Tech Services, Inc . A14,24.,. dba Fayetteville Air Service P. O. Box 1266 Fayetteville, Arkansas 72702 RE: FBO/FUEL FARM LEASE Dear Mr. Courdin: The Airport Board, at the request of Aero Tech, dba Fayetteville Air Service, at their meeting on June 4 , 1998 approved the first option to the FBO lease . This option term is for three years . In accordance with Article VI, Section 6 . 1 and Article IX, Section 9 . 1 of your Lease Agreement, rental for the first option is to be increased by 3 . 5 percent . Beginning on September 1, 1998, rentals due the City of Fayetteville for the FBO would be $1, 626 . 61 and $662 . 68 for the fuel farm. Acceptance of this option may be shown by signing below (and returning this original page to our office) , and upon City Council approval . We can expect many changes during the next three years . By working together we can make this time a creative and positive opportunity for both Fayetteville Air Service and Drake Field. Our office is looking forward to working with you and your employees in the upcoming months . Please feel free to drop by the office to discuss any concerns, questions, or any suggestions you have regarding activities on Drake Field. Sincerely, --.. 0 Dale Frederick, Airport Manager Drake Field, Fayetteville Municipal Airport DF/lp cc : Ch VeriClz. (Signa ure and Ti le) (Date) 4500 SOUTH SCHOOL AVENUE,SUITE F • AIRPORT TERMINAL BUILDING • FAYETTEVILLE, AR 72701 PHONE 501-521-4750 Ext.6 • FAX 501-521-1735