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HomeMy WebLinkAbout2000-06-21 - Agendas - Final SPECIAL CALLED AIRPORT BOARD MEETING 1 :30 p. m. Wednesday, June 21 , 2000 Airport Terminal Conference Room 4500 South School Fayetteville, Arkansas Call to Order. 2 . Subject: Two leases with Wings Air, Inc. a. Fuel and Oil Sales b. Above Ground Fueling Facility 3 . Adjourn. PRESS RELEASE A SPECIAL MEETING OF THE AIRPORT BOARD WILL BE HELD WEDNESDAY A 21 JUNE , 2000 at 1 : 30 p .m. OF? LEASE AGREEMENT BY AND BETWEEN The City of Fayetteville/Fayetteville Municipal Airport AND Wings Air, Inc. Fuel and Oil Sales DRAFT INDEX ARTICLE I Definitions Page 1 . 1 Definitions.. . . . . . .. .. . . . . . . . . .. . . .. . . . .. . . . . . . . . .. . . . . .. . . . . . . . . . . .. . .. . .. ... . . . ... . .. .. . . . . .. 1 1 .2 Rules of Construction. .. .. . .. .. . . . . .. .. . .. .. . . . .. . .. .. .. . .. . .. . .. . .. ... . . . . .. .. . .. . .. . . I ARTICLE 11 Term 2. 1 Tenn of Agreement.. . . . .. . . . . . . . . .. . .. . . . . . .. . . . .. . . . .. . . . . . . . . .. . . . . .. . .. . .. . .. . .. . . . .. 2 2.2 Options to Extend. . .. . . . . . . . . . . . . . . . . . . .. . . . . . . . . .. . . . . . . . . . . . . . .. . . . . .. .. . ... . . . ... .. . .. 2 2 .3 Surrender of Possession: Holding Over. . .. . . . . . . . . .. . .. . .. .. . .. . ... . .. .. . .. . . 3 ARTICLE III Lessor's Grants; Reservations 3. 1 Lease. . . . . . .. .. . .. .. .. . .. .. .. . .. .. . . . . . .. . .. . .. . . . .. . . . .. . .. .. . . . . . .. . .. . .. ... ... ... ... . .. .. . ... 4 3 .2 Quiet Enjoyment. . . . .. .. . .. . . .. . . . . .. . . . .. .. . .. . . . .. . . . .. .. . .. . . . ... . . . ... .. . .. . . . . .. . .. . 4 3 .3 No Joint Venture or Partnership. . .. .. . .. . . . .. . . . . . . . . .. .. . . . . .. . .. . .. . .. . .. . .. . . 4 3 .4 Termination of Agreement for Airport Purposes.. . .. . .. ... ... . ... .. ... . 4 3 .5 Minimum Standards .. ... . . .. ... .. . .. . .. .. . .. .. . .. .. . . . .. .. . .. . .. . .. . .. . .. ... . .. .. . .. . . 5 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 Inspection. . . . . . . . . . .. . . . . . .. . . . .. . . . .. . .. . . . .. . . . .. . .. . . . . . .. .. . .. . . . .. . .. . .. .. . . .. . .. ... .. . .. . 6 i ARTICLE VI Rentals, Fees and Charges 6. 1 Rental Charge.. . . .. .. . .. . .. . . . .. . . . .. .. .. . . . . . . . . . . . . 4 . . .. . . . . .. . . . .. . . . .. . . . . .. . . . . . .. ... .. 6 6.2 Landlord's Lien. . . . . . . . . .. . .. .. . . . . . . . . . . .. . . .. .. . .. . . . . . . 4 . . .. . . . . . . .. . . . .. . .. . .. . . . . . .. . . 7 6.3 Place of Payments. . . . . . . 4 . . 4 . 4 . . .. . . . . . . . .. .. .. . . . 4 . . 4 . . .. . .. . .. .. . .. .. . .. . . . . .. . 4 . . . .. . . 7 6.4 Delinquencies. .. . . 4 . . . . 4 . . .. . . . . . 4 . . .. 4 . 4 . . . . . . .. . . . .. . .. . . . .. . .. . .. . . . .. .. . .. . .. . . .. . .. . .. . 7 6.5 Utility Services. . . .. .. . . . . .. .. . . . .. . . . .. .. .. . . . . . . . . . . .. . .. . . . . .. . . . .. . . . .. . . . ... . .. . .. . ... 7 ARTICLE VII Maintenance and Care of Leased Premises 7. 1 Maintenance and Care of Leased Premises... . .. ... .. ... .. . .. . .. ... . ... ... . 8 ARTICLE VIII Indemnity and Insurance 8. 1 Indenmity.. .. .. .. .. . .. ... 4 . . .. . . . .. .. . .. .. .. . . .. . .. . .. ... .. . .. . .. . . . .. .. . .. .. . 4 .. . .. . 4 .. ... . . 8 8.2 Insurance.. .. . .. . . . . . .. . .. .. . .. .. . . ... .. .. . . . .. . .. .. . .. . .. . . . .. . .. .. . . . . .. 44 . . ... . .. .. 8 ARTICLE IX Complaints 9. 1 Customer Complaints. . .. . . . .. 6 .4 . . . .. . .. . .. . . . .. . . . .. . . . .. 6 .. 6 ... . . . 9 9.2 Grievance Committee. . . . . .. . . . . 6 . .. .. . .. . .4 . . . . .. .. . .. 9 ARTICLE X Governmental Requirements 10. 1 Governmental Requirements - General. .. . . . .. . .. .. . .. ... .. . .. . .. . ... . .. ... . . 9 10.2 No Liability for Exercise of Powers.. .. . .. 6 .46 ... . . .. . . . .. 6 .. ... ... . ... ... ... . 10 10.3 Nondiscrimination.. . .. .. . . . ... .. .. . .. .. .. ... .. ... . .. .. . .. . .. .. ... ..... . . . ... . .. . ... ... . 10 1064 Taxes and Other Governmental Charges. . . ... .. . . . .. . .. .. ... ... . ... . .. ... .. I I ARTICLE XI Events of Default 11 . 1 Events of Default Defined. .. . .. . . . . . . . .. . . . .. . . . . . . .. 6 . 6 .4 .. . .. .. . .. . .. . ... . .. . .. . . 11 1162 Remedies upon Lessee's Default. . . . .. .. . .. 6 .. . . 6 .. ... .. ..4 . 6 ... ... .... ... .. 6 _ 6 12 11 .3 Non-Waiver.. .. .. .. . .. . .. ... . . . .46 .. .. . .4 .. .. .. 6 .4 .46 .. . .. ... .. . . . .. ... .. ..4 ... ...4 ... ... . . 13 1164 Condemnation.. .66 .. 6 .44 . . .. . .. ... .. . .. .. .. . . ... .. . .. . .4 .. 6 .. . . . .. .64 .. ... .. . . .. . .. . . .. ... 13 ARTICLE XII Transfer of Interests RA 12. 1 Assignment by the Lessor. .. .. .. .. . ... .. ... .. ... .. . .. .. .. . . . .. . .. . ... . . . .. . .. . .. . .. . 13 12.2 Assigning, Subletting and Encumbering. .. . . . .. . . . .. . . . ... . . . . . . ... ... . .. . .. 13 ARTICLE XIII Miscellaneous 13 . 1 Notices.. ... . . .. .. . .. .. . . . . .. .. . .. .. .. . . . . . .. . . . .. . .. . ... .. . .. .. . . . .. . . . .. . .. . ... . . . .. . .. . ... .. 14 13.2 Severability.. . .. .. . .. .. . .. . .. .. . . . . . .. .. . .. .. ... .. . .. .. . .. .. . .. .. .. . .. ... . .. . .. . ... .. . ..... . 14 13.3 Entire Agreement; Modification.. .. . .. .. . .. .. . .. .. . .. .. ... .. . . .. . .. . .. ... ... . .. . 14 13 .4 Execution of Counterparts. .. . . . .. .. . .. .. . .. .. . .. .. . .. .. . . . .. ... ... ... . .. ... . .. . .. . .. 14 13 .5 Effect of Sundays and Legal Holidays. .. ... .. .. . . . .. ... .. . ... . .. ... ... ... ... 15 13 .6 Descriptive Headings; Table of Contents.. .. . .. .. .. . .. . .. . .. . ... .. . .. . ... .. 15 13 . 7 Choice of Law; Enforcement.. .. . .. .. . .. . . . .. . .. .. . . . .. .. ... ... ... ... ... ... . .. . .. . 15 13 .8 Force Majeure..... . . . .. . .. . .. .. .. . .. .. .. ... .. . .. . . . . . . . . .. . . . .. .. . .. .. . ... ... ... ... ... . .. . 15 13 .9 Consent Not Unreasonably Withheld. ... .. . . . .. . . . . . .. .. . ... . . . . .. . .. ... . .. . . 15 13 . 10 Recovery of Attorney Fees and Costs. .. ... ... . . . . .. . . . .. . .. . .. . .. . .. . .. . .. . .. 15 13. 11 Binding Effect. .. . .. .. . .. . .. .. .. . . . .. .. .. . .. ... .. . .. . . . .. .. . . . . . . . . .. .. . .. . . .. . .. . .. ... . .. . 15 Signatures. .. .. . . . .. . . . .. . .. .. . .. . . . . . .. . . .. . .. . . . .. . . . . . . .. .. . . . . . .. . . . .. . . . . ... . .. ... . .. . .. 16 LEASE AGREEMENT This Agreement made and entered into at Fayetteville, Arkansas the — day of 2000, by and between the City of Fayetteville, Arkansas, hereinafter referred to as the "Lessor," and Wings Air, Inc. Attn. : R. M. Schossow, of P.O. Box 064, Lowell, AR 72745 , hereinafter referred to as "Lessee." 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. Agreemen means this Lease Agreement between the City of Fayetteville and Lessee; b. Ain2ort 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 9. Tenn means the period of time that this agreement shall be in effect, as set forth in Section 2. 1 (Term of Agreement). Section 1 .2 Rules of Construction. Throughout this Agreement, unless the context clearly shall require otherwise; 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"; Page 1 d. The word "including" means "including without limitation"; C. 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 9- Reference to articles or sections respectively shall mean articles or sections of this Agreement h. "Lessor" shall be interchangeable with both of the words "City" and "Airport." ARTICLE II Tenn Section 2. 1 Tenn of Agreement. The Term of this Agreement shall be for a period of one ygar commencing on the day of 2000 and expiring on the day of 20 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, on for 4 renewal periods of I year, _Lrenewal period of.2 years, I renewal period of 3 years, which options, if exercised, will cause this lease to terminate on . 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 Tenn hereof. Prior to each renewal, there shall be a performance review conducted by the Airport Board. The format of this review will be to hear a report from: A designee from the Airport regarding the performance of Wings Air, Inc. 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. Page 2 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 recommend continuing or ten-ninating the agreement. 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 this 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/or 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 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. Employees will be instructed in generally accepted courtesy and proactive customer response methods. 4 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. Wings Air, Inc. 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. Section 2.3 Surrender of Possession: Holding Ove . 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 this Agreement ordinary wear, tear and obsolescence only excepted. Page 3 DRAF1 If Lessee shall hold over after the termination of this Agreement, the Lessor may allow Lessee to remain on the premises as a month-to-month tenant at will. During such tenancy, Lessee shall pay to the Lessor 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. Lessor is the owner of an airport known as the Fayetteville Municipal Airport/Drake Field; whereas, Lessee desires to lease from Lessor certain office space for the use for a Fuel and Oil Sales; Lessor agrees to grant, and Lessee agrees to take, for Lessee's sole and exclusive use for and during the term hereinafter provided, office space located in the Airport terminal building at 4500 S. School Avenue, Fayetteville, Arkansas, as reflected on "Exhibit A" attached hereto and made a part hereof. This shall not be construed to be an exclusive concession, and Lessor shall have the right to deal with, and perfect, arrangements with any other individual, firm, or corporation for engaging in like activity at the Airport. Lessee shall not install vending machines without Lessor's prior approval. Section 3 .2 Quiet En'oyment. Unless Lessee shall have defaulted in its obligations hereunder, it shall have quiet enjoyment of the Leased Premises. HOWEVER, THE CITY, AND ITS AUTHORIZED REPRESENTATIVES, SHALL HAVE THE RIGHT TO INSPECT THE LEASED PREMISES DURING ALL REASONABLE HOURS. Section 3.3 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 Lessor 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 .4 Termination of Agreement for Airport Purpose . Lessee agrees and understands that, by reason of the broad public interest in the efficient maintenance, operation and development of the Airport, the Lessor 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 Lessor elects to terminate the Agreement for the reasons stated in this section, Lessee shall surrender the Leased Premises to the Lessor within ninety (90) days from receipt of the Lessor's written notice of its intent to terminate the Agreement and acquire Lessee's interest in the Leased Premises. The Lessor shall use its best efforts to provide Lessee with comparable replacement premises at the Airport at rates not to exceed those provided in this Page 4 Agreement. If only a portion of the Leased Premises is required, the Lessor may terminate Lessee's rights to the portion of the Leased Premises required, in the manner described in this section. If the Lessor provides replacement premises at the Airport, the Lessor 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 a new location 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 .5 AiEport Minimum Standards. The Minimum Standards for Operations and Commercial 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 of a Fixed Based Operation for 100 Low-Lead Fuel . An increase in scope of services would require an amendment to this lease. Lessee, its representatives, agents, invitees and licensees, shall have the fight of ingress and egress to and from the Leased Premises. The Airport reserves the fight 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 Ai1port. 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 the Airport and runways, taxiways, aprons, lighting navigation aids, and other facilities necessary for the operation of aircrafl. Section 4.3 Securi!y 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 Sigmage. Without the prior written approval of the Lessor, 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. Page 5 ARTICLE V A Improvements to the Premises Section 5 . 1 Title. Title to all improvements and fixtures constructed directly on the Leased Premises by Lessee shall be property of the Airport unless other wise negotiated. If Lessee installs, such property which is leased, i.e., weather satellite, said property shall not covert to title of 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 applicable. Lessee shall furnish to the Lessor copies of permits and licenses needed for construction. Construction plans and specifications shall be submitted by Lessee to the Lessor for approval. Thereafter, the Lessor 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 obJ.ection and the grounds therefore shall be stated separately. Lessee shall have a reasonable time thereafter within which to make any revision to remove the Lessor's objections, and the Lessor shall have sixty (60) days within which to approve or reject Lessee's revised proposal. After the Lessor'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 Lessor 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, Airport property, other property contiguous to the Airport, or reasonable use by other Airport tenants. Section 5 .4 Removal and Ownership of Aia2ort 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 Lessor. Lessee may request permission in writing to remove or alter such improvements. Within forty-five (45) days of receipt of such written request, the Lessor shall notify Lessee of either the rejection or approval of the request. Removal, storage, maintenance, transportation and disposal of any improvements shall be made at Lessee's sole cost. Section 5 .5 Inspection. The Airport and its authorized representatives shall have the fight to inspect the Leased Premises during all reasonable hours. ARTICLE VI Rentals, Fees and Char2es Section 6. 1 Rental Charge. For the period beginning from the date of this Agreement through the Lessee shall pay annual rental for the area described in Exhibit "A" at the rate of Four Thousand Six Hundred Seventy-eight Dollars and Sixty-eight Cents Page 6 ($4.678.68) annually, paying monthly on the Ist day of each month in advance at the ! fue7 40 Hundred Eighty-nine Dollars and eighty-nine Cents ($389.89) a month. If the Lease has not expired or been terminated, the annual rental shall be increased by three and one half percent (3.5%) of the prior year's rental charge at the time the lease is due or renewed. Such new amount shall be paid in twelve ( 12) equal monthly installments during each lease year. After five years from the effective date of this contract should the rental rate of Lessee be determined considerably higher or lower when compared to other like tenants located in the tenninal building, Lessor may renegotiate with Lessee a fair and equable rent corresponding to the other Lessees in the terminal building. Section 6.2 Landlord's Lien. If the Lessee defaults on this Agreement, the Lessor 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. This lien shall be in addition to all rights of a 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 Lessor agrees to subordinate its lien to Lessee's creditors. to : Section 6.3 Place of Payments. All sums payable by Lessee hereunder shall be delivered Fayetteville Municipal Airport Airport Administration Office 4500 S. School Ave., Suite F Fayetteville, AR 72701 Section 6.4 Delinquencies. In addition to any remedy available to it hereunder, the Lessor may impose as additional rental a delinquency charge at the maximum rate allowed by law. The delinquency charge will be imposed on all overdue payments outstanding at the close of business on the tenth day after the due date. Section 6. 5 Utility Services. Lessor will provide utility services consisting of electricity, heating, and air conditioning, for the premises leased hereby and major structure maintenance consisting of the roof, walls, and HVAC equipment. At its own expense, Lessee shall be responsible for janitor services, telephone and routine maintenance for the area under the terms of this lease. Lessee shall pay as the same becomes due, all utility (not defined above) and other charges incurred in the operation, maintenance, use, occupancy, and upkeep of the Leased Premises and the improvements located thereon. Page 7 ARTICLE VII & .4 p Maintenance and Care of Leased Premises Section 7. 1 Maintenance and Care of Leased Premises. 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 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. 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 Lessor 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 Lessor. No word, sentence, paragraph or phrase shall be construed to waive that tort immunity as set forth under Arkansas Law. The provisions of this section shall survive the expiration or early termination of this Agreement. Section 8.2 Insurance. Lessee shall maintain in force during the Term and any extended term public liability and property damage insurance in comprehensive form as reasonably may be required by the Lessor and outlined in the Airport Minimum Standards in Section 9, Item B. 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 Lessor; (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 Lessor may possess, including any self-insured retention or deductible the Lessor may have, and any other insurance coverage the Lessor may possess shall be considered Page 8 D F? *4 excess insurance only; (d) the limits of liability required therein are on an occurrence basis. Any deductibles or self-insured retentions must be declared to and approved by the Lessor. At the option of the Lessor, either; (a) the Lessee shall reduce or eliminate such deductibles or self- insured retentions as respects to 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, and 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 fifleen ( 15) days of receipt of notice from the Lessor, 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 Lessor may, without further notice, and at its option either (a) exercise the Lessor'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 Lessor for such expense. ARTICLE IX Complaints Section 9. 1 Customer Complaints. The Lessee will keep a record of all complaints from customers concerning any aspect of the Fixed Base Operation. If a complaint is received by the Airport, the Airport 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. Section 9.2 Grievance Committee. A three-person committee is established to hear customer complaints. This committee meets on an as needed basis. 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 X Governmental Requirements Section 10. 1 Governmental Requirements - 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. Page 9 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 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 10.2 No Liabili!y for Exercise of Powers. The Lessor 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 Lessor 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 10.3 Nondiscrimination. Lessee, and its successors in interest, and assignees, as part of the consideration hereof, hereby do 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 ofTransportation 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 Federal ly-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 assignees, as a part of the consideration hereof, do 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 disability; (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 disability; (3) Lessee shall be responsible for maintaining the Leased Premises and 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 BENEFITTING FROM FEDERAL FINANCIAL ASSISTANCE; and under 42 U.S.C.S. §§ 12 101 , et seq., THE AMERICANS WITH DISABILITIES ACT of 1990, or a substantially equivalent standard; and (4) 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 Page 10 R A FT of the statutes and regulations cited above and other relevant Federal, State or local laws, and statutes and ordinances that relate to disabled 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 10.4 Taxes and Other Governmental Charizes. 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 leaschold 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 or Lessee's Agent. ARTICLE XI Events of Default Section 11 . 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, anyone 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 the due date; 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; C. 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. Provided, the Airport Page 11 AFT 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; 9. Lessee shall fail to provide and maintain any security assurances required hereunder. Section 11 .2 Remedies upon Lessee's Default. Whenever an event of default of Lessee shall occur, the Lessor may pursue any available right or remedy at law or equity including: a. Termination. At its exclusive option, the Lessor 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 to possession of the Leased Premises immediately shall cease. The Lessor 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 o f-. ( 1 ) All sums accrued through the date of termination; and (2) The reasonable cost incurred by the Lessor to restore the Leased Premises or any portion thereof to the condition in which they originally were leased. All rentals received by the Lessor after the reletting the Leased Premises after the termination of this Agreement shall be credited against the Outstanding Rental Balance. The acceptance by the Lessor 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 Lessor 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 Lessor, or commencement of any suit in unlawful detainer or other action brought by the Lessor 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 Lessor may reenter the Leased Premises to take possession thereof. Lessee agrees that this Agreement constitutes full and sufficient notice of the right of the Lessor to relet the Leased Premises in the event of such reentry, without affecting the surrender or termination of this Agreement. C. Release of Liability: Waiver. If the Lessor takes possession of the Leased Premises upon Lessee's default, the Lessor may expel Lessee and those claiming through or under Lessee and remove their property. The Lessor 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. Page 12 URAFT d. Cumulative Remedies. Each remedy available to the Lessor under this section shall be cumulative and shall be in addition to every other remedy of the Lessor under this Agreement or existing at law or in equity. Section 11 .3 Non-Waiver. Neither the waiver nor any forbearance of remedy by the Lessor of any breach of Lessee of any provision hereof shall operate as a waiver of any other breach by Lessee. Section 11 .4 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 Lessor, 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 Lessor and Lessee are unable to agree upon a just and equitable division of proceeds or adjustment of rentals within thirty (30) days after the 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 forth in Section 3 .7 (Termination of Agreement for Airport .Purposes). ARTICLE XII Transfer of Interests Section 12. 1 Assignment by the Lessor. The Lessor 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 Lessor, 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 12.2 Assigning, Sublettinp and Encumbedr1g. 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 Lessor, which consent shall not be reasonably withheld. Any consent by the Lessor 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 Lessor 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, Page 13 '-� AFT value, ownership, or structure of lessee, same shall be deemed an assignment for the purposes of this Section 14.2 and shall require the Lessor's prior consent, and Lessee shall notify the Lessor of any such change or proposed change. ARTICLE XIII Miscellaneous Section 13. 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 Certified Mail, postage prepaid as follows if to the Airport: Fayetteville Municipal Airport Airport Administration Office 4500 S. School Ave., Suite F Fayetteville, AR 72701 and if to Lessee: Wings Air, Inc. Attn. : R. M. Schossow P.O. Box 064 Lowell, AR 72745 The Lessor 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 13 .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 13 .3 Entire Aueemem Modification. This Agreement expresses the entire understanding of the Lessor and Lessee concerning the Leased Premises and all agreements of the Lessor and Lessee with which each other concerning the subject matter hereof Neither the Lessor 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 a subsequent date hereto signed by the Lessor and Lessee. Section 13 .4 Execution of Counterparts. This Agreement simultaneously may be executed Page 14 DRAFT in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument. Section 13.5 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 fight 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 13.6 Descriptive Headings� Table of Contents. The 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 13 .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 perforrn, as the case may be, such act or obligation. Section 13.8 Force Majeure. Neither the Lessor nor Lessee shall be deemed in violation of this Agreement if it is prevented fi-orn performing any of the obligations hereunder by reason of embargoes, shortage 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 13 .9 Consent Not Unreasonably Withheld. Whenever it is provided herein that the consent of the Lessor or Lessee is required, such consent shall not be reasonably withheld, conditioned or delayed, except as provided herein. Section 13. 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 13 . 11 Binding Effect. This Agreement shall be to the benefit of and shall be binding upon the Lessor, Lessee and their respective successors and assignees, if such assignment shall have been made in conformity with the provisions of this Agreement. Page 15 DRAr IN WITNESS WHEREOF, the Airport and Lessee have executed this Agreement at Fayetteville, Arkansas on the day of 2000. City of Fayetteville By Fred Hanna, Mayor ATTEST Title: City Clerk Wings Air, Inc. B Title: ATTEST Title: Page 16 OR A FT LEASE AGREEMENT BY AND BETWEEN The City of Fayetteville/Fayetteville Municipal Airport AND Wings Air, Inc. I Above Ground Fueling Facility INDEX RA 7- ARTICLE I Definitions Page 1 . 1 Definitions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 1 .2 Rules of Construction. . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . I ARTICLE 11 Term 2 . 1 Tenn of Agreement. .. . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... . . . . . . . .. 2 2 .2 Options to Extend. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . 2 2 . 3 Surrender of Possession : Holding Over. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 ARTICLE III Lessor' s Grants� Reservations 3 . 1 Lease. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 3 .2 Aviation Easement. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 4 3 . 3 Reservation of Mineral Rights. . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 3 .4 Quiet Enjoyment. . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 3 . 5 No Joint Venture or Partnership. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 3 .6 Termination of Agreement for Airport Purposes. . . . . . . . . . . . . . . . . . . . . . . . . 4 3 . 7 Minimum Standards . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 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 Plans and Specifications. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 5 . 2 Effect of New Improvements. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 5 . 3 Removal and Ownership of Airport Structures on LeasedPremise. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 5 .4 Inspection . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 I ARTICLE VI r Rentals, Fees and CharLycs 6. 1 Rental Charge. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 6 o . 2 Landlord 's Lien. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 6. 3 Place of Payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 6.4 Delinquencies. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 6. 5 Utility Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 7 ARTICLE VII Maintenance and Care of Leased Premises 7 . 1 Maintenance and Care of Leased Premises. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 7 ARTICLE VIII Indemnity and Insuranc 8 . 1 Indemnity. . . . . . . .. . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 8 . 2 Insurance. . .. . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 ARTICLE IX Fuel Facility 9 . 1 Fuel Facility. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 9 . 2 Fuel Flowage Fees. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 9 . 3 Fuel Audits. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 ARTICLE X Complaint I (). I Customer Complaints. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 10. 2 Grievance Committee. . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 ARTICLE XI Indemnity - Hazardous Substance 11 . 1 Indemnity - Hazardous Substance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 ARTICLE XII Governmental Requirements 12 . 1 Governmental Requirements - General . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 . 2 No Liability for Exercise of Powers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 . 3 Nondiscrimination. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 .4 Taxes and Other Governmental Charges. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 ARTICLE XIII Events of Default 13 . 1 Events of Default Defined . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 13 . 2 Remedies upon Lessee 's Default . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 13 . 3 Non- Waiver. . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 13 -4 Condemnation. . . . . . .. . . . . . . . . . . . . . . . . . . . . . . .. . . . . . .. . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 ARTICLE XIV Transfer of Interests 14 . 1 Assignment by the Lessor. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 14. 2 Assigning, Subletting and Encumbering. . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 ARTICLE XV Miscellaneous 15 . 1 Notices. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15 .2 Severability. . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 15 . 3 Entire Agreement; Modification . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 15 .4 Execution of Counterparts. . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 15 . 5 Effect of Sundays and Legal Holidays.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 15 .6 Descriptive Headings; Table of Contents. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 15 . 7 Choice of Law; Enforcement. . . . . . . . . . . . . . . .. . .. . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 15 . 8 Force Majeure. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 15 .9 Consent Not Unreasonably Withheld . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 15 . 10 Recovery of Attorney Fees and Costs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 15 . 11 Binding Effect . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - — 17 Signatures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 LEASEAGREEMEN This Agreement made and entered into at Fayetteville, Arkansas the — day of _1 2000, by and between the City of Fayetteville, Arkansas, hereinafter referred to as the "Lessor,91 and Wings Air, Inc. Atm. : R. M . Schossow, of P.O. Box 064, Lowell, AR 72745 , hereinafter referred to as " Lessee.92 NOW, THEREFORE, the parties hereto, for and in consideration of the rents, covenants and agreements contained herein, agree as follows: ARTICLE I Definitions Section ] . I Definitions. Throughout this Agreement, the following words shall have the following meanings, respectively, unless the context clearly shall indicate some other meaning: a. Aizreemen means this Lease Agreement between the City of Fayetteville 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; C. Goverm-nental Requirements means all federal , state and local laws, rules, regulations, security plans, and rulings, including all amendments, now ill effect or hereinafter enacted ; f. Leased Premises means the area described and illustrated on Exhibit A and 9. Term means the period of time that this agreement shall be in effect, as set forth in Section 2 . 1 (Term of Agreement). Section 1 . 2 Rules of Construction. Throughout this Agreement, unless the context clearly shall require otherwise; a. The singular includes the plural and vice versa; b. The words "and" and "or 11 shall be both conjunctive and disjunctive; C . The words "all" and "any" mean L'any and all "; Page 1 d. The word "including" mcans "including without limitation"; C. 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 9. Reference to articles or sections respectively shall mean articles or sections of this Agreement h . "Lessor" shall be interchangeable with both of the words "City" and "Airport .,' ARTICLE 11 Term Section 2. 1 Term of A.Rreement . The Term of this Agreement shall be for a period of one ytar commencing on the date of this Agreement and expiring on . 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, on for 3 renewal periods of 3 years, which options, if exercised, will cause this lease to terminate Oil . 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 Temi 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 Tenn hereof. Prior to each renewal, there shall be a performance review conducted by the Airport Board. The format of this review will be to hear a report from : A designee front tire Airport regarding the performance of Wings Air, Inc. 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 tile terins of this Page 2 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 recommend continuing or ten-ninating the agrccinent. 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 shall have posted a toll- free phone number at the fueling site for 24-hour emergency service for the facility. 'rhe Lessee should provide assistance in a period of time not to exceed an one hour time period. More than an average of four validated complaints per month over a twelve-month period of failure to answer telephone calls will be considered failure to perform under this agreement. Public relations training for personnel : Lessee will strive to provide prompt and courteous service to all potential customers. Employees will be instructed in generally accepted courtesy and proactive customer response methods. Section 2.3 Surrender of Possession : Holdinp Ove . 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 this Agreement. Lessee or their representative would remove at then expense prior to vacating the aforesaid premises al I pumps, tanks, equipment or other property installed by Lessee. If Lessee shall hold over after the termination of this Agreement, tile Lessor may allow Lessee to remain on tile premises as a month-to-nionth tenant at will . During such tenancy, Lessee shall pay to the Lessor the rentals, fees and charges set by (lie Airport, and Lessee shall be bound by all of the additional provisions of this Agreement insofar as they may be pertinent . ARTICLE HI Lessor's Grants� Reservations Section 3 . 1 Lease. Lessor is the owner ofan airport known as the Fayetteville Municipal Airport/Drakc Field; whereas, Lessee desires to lease frorn Lessor certain space for the installation ofan above ground fueling facility; Lessor agrees to grant, and lessee agrees to take, for lessee's sole aTId exclusive use for and during the term hereinafter provided , a certain tract of land 80 feet by 95 Page 3 feet located at the Airport and more particularly set forth and shown on the attached exhibit marked "Exhibit A" which exhibit is attached hereto and made a part hereof. Lessee accepts the Leased Premises in the condition in which they exist at the commencement of this Agreement. Section 3.2 Aviation Easement. The Lessor 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 arid specifications referred to herein), which would conflict with such standards and requirements now in effect or hereinafter enacted. The Lessor also reserves for itself and their licensees, an Aviation casement in, over and across the air space above the Leased Premises and the unrestricted right to subject the Leased Premises to such Airpori 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 Quiet Emoyment. Unless Lessee shall have defaulted in its obligations hereunder, it shall have quiet enjoyment of the Leased Premises. HOWEVER, THE CITY, AND ITS AUTHORIZED REPRESENTATIVES , SHALL HAVE THE RIGHT TO INSPECT THE LEASED 13REMISES DURJNG ALL REASONABLE HOURS . Section 3 . 5 No Joint Venture or Partnership. This Agreement shall not be deemed or construed (a) to create any relationship ofjoint venture or partnership between the parties, (b) to give the Lessor 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 slial I be an independent contractor owning and operating its business as herein described. Section 3 .6 Termination of Apreernent for Airport Pu[poses. Lessee agrees and understands that, by reason of the broad public interest in the efficient maintenance, operation and development of the Airport, the Lessor 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 Lessor elects to terminate the Agreement for the reasons stated in this section, Lessee shall surrender the Leased Premises to the Lessor within ninety (90) days from receipt of (lie Lessor's written notice of its intent to terminate the Agreement and acquire Lessee 's Page 4