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HomeMy WebLinkAbout2005-06-02 - Agendas - Final AGENDA FOR SPECIAL CALLED AIRPORT BOARD MEETING 1 :30 pm, June 2, 2005 Airport Conference Room 4500 S. School Avenue 1. Welcome and agenda review. Chairman Nickle • 2. Fixed Base Operator (FBO) Contract Action Requested: Approval to forward contract to the City Council. 3. Adjourn. • 1 AIRPORT USE AND LEASE AGREEMENT FOR FIXED BASE OPERATIONS By and Between FAYETTEVILLE MUNICIPAL AIRPORT, DRAKE FIELD • THE CITY OF FAYETTEVILLE, ARKANSAS and WOOLSEY AVIATION, INC., INC., d.b.a. MILLION AIR OF FAYETTEVILLE Dated as of August 1, 2005 • • TABLE OF CONTENTS Section Caption/Heading Pa e l Consideration. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....... 4 2 Demised Premised. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 3 Use. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 4 Term. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 5 Rental. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 6 Minimum Annual Fees. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 7 Lease Requirements. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 8 Improvements and Alterations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 14 9 Transfer of Woolsey Aviation, Inc., Title and Interest to the Airport. . . . . . . . . . . . . . . . . . . . . .... . . . . . . . . . . . ... . . . . . 15 10 FAA Approval. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. IS 11 Force Majeure. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 12 Security Control. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 13 Hazardous Waste/Substances. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 14 Utilities — Installation and Service Charges. . . . . . . . . . . . . . . . 19 15 Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 16 Indemnification and Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 20 17 Maintenance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 22 18 Advertising. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 19 Fixtures and Improvements. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... 22 20 Assignment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 • 21 Disadvantaged Business Enterprise (DBE) Assurances. . . 23 22 Non-Discrimination. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 23 Default. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 24 Right to Terminate not Exclusive. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 25 Termination by Woolsey Aviation, Inc. . . . . . . . . . . . . . . . . . . . . . 26 26 Attorney Fees. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 26 27 Protection from Violation — Moral Purposes. . . . . . . . . . . . . . . .. 26 28 Rules and Regulations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 29 Quiet Enjoyment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 27 30 Estoppel Certificate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 28 31 Notices. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 32 . Invalidity of Particular Provisions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 . 33 General Terms. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 29 2 • c ' • TABLE OF CONTENTS (continues) Caption/Heading Page Exhibit A Survey of Demised Premises. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 40 Exhibit B Airport Layout Plan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 Exhibit C Final Site Development Plan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 42 Exhibit D Equipment List. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 Attachments Pages Attachment # Airport Owned Equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. Attachment # Formula for Rental Increases. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... Attachment # "The Minimum Standards for Fayetteville Municipal Airport Drake Field... . . . . . . . . . • 3 • 46 • AIRPORT USE AND LEASE AGREEMENT FOR FUEL AND LINE SERVICES FIXED BASE OPERATIONS between FAYETTEVILLE MUNICIPAL AIRPORT, DRAKE FIELD and WOOLSEY AVIATION, INC., INC., dba MILLION AIR OF FAYETTEVILLE THIS AIRPORT USE AND LEASE AGREEMENT, (the "Lease") made and entered into as of this day of 2005 (the "Effective Date") by and between the City of Fayetteville, represented by the Fayetteville Municipal Airport, Drake Field, a body politic and corporate organized and existing under and by virtue of the laws of the State of Arkansas and Woolsey Aviation, Inc., Inc., a Texas Corporation, doing business as Million Air of Fayetteville. WITNESSETH: WHEREAS, the City of Fayetteville owns and operates the Fayetteville Municipal Airport, Drake Field located in Washington County, Arkansas, hereinafter called the "Airport", and WHEREAS, the City of Fayetteville Mayor and City Council, along with the Airport Administration in consultation with the Airport Advisory Board desire to contract with Woolsey Aviation, Inc., for fuel and line services, and WHEREAS, Woolsey Aviation, Inc., desires to lease from the Airport certain premises for the purpose of operating a fuel and line service Fixed Base Operation, and • WHEREAS, Woolsey Aviation, Inc. desires to obtain from the Airport certain rights, licenses, and privileges for the establishment and operation of a Fixed Base Operation, hereinafter the "FBO" and WHEREAS, the Airport represents that it has the right to lease the premises together with all the facilities, rights, licenses, services and privileges in the manner and to the extent hereinafter set forth: NOW THEREFORE, in consideration of the foregoing and of the mutual covenants hereinafter continued, the parties agree for themselves, their successors, legal representatives and assignees, as follows: 1 . Consideration. That each of the aforesaid parties acknowledges the receipt of a valuable consideration from the other and that they and each of them act herein in further consideration of the engagements, of the other as herein stated. 4 • c ' • 2. Demised Premised. The Airport warrants and represents that it is the owner in fee simple of all of that certain land, the Airport, situated in Washington County, Arkansas. The Airport, for and in consideration of the rents to be paid and the obligations to be performed by Woolsey Aviation, Inc., as hereinafter provided, does hereby demise and lease unto Woolsey Aviation, Inc., subject to the conditions hereinafter expressed, the premises described as the Demised Premises and identified as FBO in said Exhibit "A", as described as follows. 2. 1 The Premises described as 2000 square feet, plus or minus, of the Airport Terminal Building plus non-exclusive use of areas in common with other tenants to include imaging and signage as approved by the Airport. 2.2 The FBO Hangar, an 18,750 square foot heated aircraft storage hangar located on the Executive Aircraft Parking Ramp south of the Terminal Building. 2.3 The premises described as the FBO ramp containing 150,000 square feet, plus or minus, in a space approximately 600 feet by 250 feet adjacent to the Airport Terminal Building. Additionally, the Parties acknowledge and agree that Woolsey Aviation, Inc.'s operations may require the use of certain ramp and/or apron area contiguous and adjacent to the FBO ramp. The Airport hereby grants to Woolsey Aviation, Inc. the right of preferential use of the ramp and/or apron area as hereinafter described provided; however, Woolsey Aviation, Inc. shall at all times and without hindrance or obstruction, provide for the ingress and egress of aircraft to • Airport taxiways, runways, ramps and /or aprons. 2.4 The area designated the Fuel Farm. Woolsey Aviation, Inc., shall have exclusive right to operate and store aviation fuels in the Fuel Storage tanks located on the West side of the airport near the FAA Facilities Maintenance facility. 2.5 Woolsey Aviation, Inc. shall also have and is hereby granted the right to traverse all public taxiways, runways and ramps on property owned by the Airport, and roads at the Airport. Such rights shall be subject to the requirements of this lease Agreement, the provisions of similar subsequent agreements and Federal Aviation Administration ("FAA") regulations. 3. Use. Woolsey Aviation, Inc. shall use the Demised Premises for the operation of the flight line and fuel service FBO to include the storing, alteration, additions, modification, cleaning, repairing, maintaining and servicing aircraft, aircraft components and subcomponents in conducting its business operations, and the provision of FBO services to the traveling public. Subject to the prior written approval of the Airport, Woolsey Aviation, Inc. shall also have the right to use the 5 • • Demised premises for other purposes ancillary or related to its FBO business. Woolsey Aviation, Inc. and its successors and assigns, including any successor holding by or through any mortgagee of Woolsey Aviation, Inc.'s interest shall have the right to use the Demised Premises for other purposes than those previously specified, but only with the prior written consent of the Airport. Woolsey Aviation, Inc. shall at all times use the Demised Premises in full compliance with all rules, regulations and requirements of the FAA and the Airport, all terms and conditions of this Lease Agreement and such other agreements as may be entered into by and between the Airport and Woolsey Aviation, Inc. will not attempt to modify the terms and conditions of any agreements hereunder without the prior written consent of the Airport. Nothing contained herein shall be construed to grant or authorize the granting of an exclusive right within the meaning of Section 308 of the Federal Aviation Act of 1958 (Title 49 USC 40103 and 47107), as amended. It is understood that Woolsey Aviation, Inc., shall refer business to established airport based businesses whenever possible, including but not limited to avionics repair, aircraft maintenance and charter businesses. 4. Term. TO HAVE AND TO HOLD the Demised Premises unto Woolsey Aviation, Inc., its successors and assigns, for the term hereinafter set forth: 4. 1 Commencing on the date hereof and continuing for a period of five (5) years (hereinafter the "Term"), beginning the 1 " day of August, 2005 (the "Commencement Date"). Woolsey shall have the right to extend this agreement for three (3) five (5) year option periods. All rental terms shall be negotiated and agreed upon prior to 90 days before the end of the then current term and the negotiated terms shall then be presented to the • Airport Board and the City Council for approval of the terms and the renewal of this agreement. 5. Rental. 5. 1 Terminal Rent: The rent for Terminal space, ± 2000 square feet, shall be in accordance with the following schedule: Year 1 @ $ 1 ,000.00 per month August 1 , 2005-July 31 , 2006 Year 2 @ $1 ,750.00 per month August 1 , 2006-July 31 , 2007 Year 3 @ $2, 100.00 per month August 1 , 2007-July 31 , 2008 Year 4 @ $2,400.00 per month August 1 , 2008-July 31 , 2009 Year 5 @ $2,700.00 per month August 1 , 2009-July 31 , 2010 The rent shall include utility services connected with water, sewer, HVAC and solid waste removal. The rent shall not include cable, WSI, Data and telephone which shall be the responsibility of the tenant. 5.2 FBO Hangar Rent: The FBO Hangar is an 18,750 Square foot Heated Hangar building and will be managed by Woolsey Aviation, Inc. The rent for the FBO Hangar shall be in accordance with the following schedule: 6 • V • Year 1 @ $2,000.00 per month August 1 , 2005-July 31 , 2006 Year 2 @ $2,250.00 per month August 1 , 2006-July 31 , 2007 Year 3 @ $2,500.00 per month August 1 , 2007-July 31 , 2008 Year 4 @ $2,750.00 per month August 1 , 2008-July 31 , 2009 Year 5 @ $3,000.00 per month August 1 , 2009-July 31 , 2010 The tenant shall provide utilities to the building including water, sewer, electric and gas service. The Airport shall provide solid waste removal. 5.3 FBO Ramp Rent: The FBO Ramp is approximately 150,000 square feet of aircraft parking ramp and will be managed by Woolsey Aviation, Inc.. The rent for the FBO ramp is free in return for normal pavement maintenance. 5.4 Parking Lot Rent: Woolsey Aviation, Inc. shall have the right to utilize as much of the Airport parking lot as necessary to conduct its FBO business. The use of such parking area shall be in cooperation with other tenants of the airport and the Airport Terminal Building. Designated parking areas shall be negotiated should it be required in the future and signage for such shall be approved through the City of Fayetteville and by the Airport Administration. 5.5 FBO Equipment Rent: Airport owned equipment is listed at Attachment #fid contains the approximate fair market value- each item. The_ _ Deleted: _ parties agree that Woolsey Aviation, Inc. shall maintain exclusive control of any and all of the listed equipment that Woolsey Aviation, Inc. requires in the conduct of Woolsey Aviation, Inc.'s business. For this exclusive control the rent for the selected equipment shall be negotiated. Should • Woolsey Aviation, Inc. and the Airport not be able to reach terms agreeable to both parties, the Airport may elect to store or dispose of such equipment IAW the City of Fayetteville disposal process. 5.6 Rental Payments. Said rental payments, and any other payments due to the Airport under this lease, shall be made payable to the City of Fayetteville. All rent shall be paid in lawful money of the United States of America, and the burden of proof of payment of the rent in case of controversy shall be upon Woolsey Aviation, Inc., Inc. 5.7 Rental Payment Reduction. Should any portion of the Demised Premises be taken or rendered unsuitable, as defined herein, for the use intended, then the rental payments shall be reduced in proportion to which the area so taken or unsuitable bears to the total area of the Demised Premises. 5.8 Rental Payment Increases: Rental payments shall increase in accordance with the schedule in sections 5.2 and 5.3 through year 5 of this agreement. Beginning with the first renewal option of this agreement, 7 • • barring other renewal agreements, the rent payments shall increase at a rate of the increase in the CPI (All Urban Consumers, All Items, U. S. Average) plus 1%, every 2 years and with renewal. The formula for such increases is located at Attachment #2 oekted: — 5.9 Payment of Revenues Collected for the Airport. During the Tenn of this Lease, Woolsey Aviation, Inc. covenants and agrees to remit to the Airport, no later than the tenth (10 ) day of the month following the month of receipt, any and all revenue collected by Woolsey Aviation, Inc. from aircraft users and others on behalf of the Airport: including, but not limited to, (a) fuel flowage fees and aviation fuel taxes as set forth in Section 7.3(a) hereof-, and (b) landing fees and other fees as set forth in Section 7. 13 hereof. The burden of proof of payment of such fees and other revenue shall be upon Woolsey Aviation, Inc. 5. 10 Monthly Late Charge. If any monthly rental payment, or any other payment due under this Lease, is not received by the fifteenth ( 15'") day of the month when such payments are due, the Lessee shall be liable for a monthly late charge of Five Hundred and 00/100 Dollars ($500.00). Prior unpaid late charges will be included in the total unpaid balance for the purpose of calculating subsequent monthly charges. The late charges are due one month from the date late charges are calculated. It is understood and agreed that this or any other late charge is not a waiver of any other rights the Airport has in this Lease. 6. Minimum Annual Fees. • 6. 1 Provision of Financial Statements. Woolsey Aviation, Inc. shall provide to the Airport within 90 days following the close of Woolsey Aviation, Inc.'s fiscal year, a copy of Woolsey Aviation, Inc.'s statements of Financial Condition. Said statements, as prepared and attested to by Woolsey Aviation, Inc.'s Certified Public Accountant, shall include a schedule of Woolsey Aviation, Inc.'s Gross Revenue and a Reconciliation of such revenue to the minimum annual fees payable under this Section 6. In the event the auditor's report reveals an understatement of Gross Revenues reported to the Airport of more than five percent (5.0%), Woolsey Aviation, Inc. shall be liable for and pay to the Airport the contract percentage of gross revenue stated under this Section 6 plus a Late Charge equal to twenty percent (20.0%) of the understated payment due to the Airport. 7. Lease Requirements. Consistent with the requirements of Title 49 USC 40103(e) and 47107, the Airport may grant, without unjust discrimination and on reasonable conditions, non-exclusive rights, licenses, permits and privileges to provide Fixed Base Operation (FBO) services to the public. Each Fixed Base Operator similarly using the Airport shall be subject to the same charges and 8 • • certain and specific minimum standards for FBO services to the public; including, but not limited to, the provision of such facilities and equipment as are required to provide for and perform a consistently high level of service, use and the provision of products to the traveling public and the aviation industry on a twenty-four (24) hour, 365 day per year basis. The Airport hereby covenants that the minimum standards for FBO services at the Airport shall be no less than those minimum service requirements set forth in Sections 7. 1 and 7.2 of this Lease. In consideration of the right, license, permit and privilege granted hereunder by the Airport to Woolsey Aviation, Inc. for the establishment and operation of the FBO, Woolsey Aviation, Inc. agrees and covenants that it shall develop implement, maintain, and do all things necessary to provide and comply with said minimum FBO standards and requirements. Each FBO using the Airport shall assume obligations substantially similar to those already imposed on Woolsey Aviation, Inc. hereunder. 7. 1 Facilities. In consideration for the Tenn provided in the Lease, Woolsey Aviation, Inc. shall invest approximately $ 150,000.00 for the design, construction, and equipping of FBO facilities; including, but not limited to: (a) Contribute to the design, construction, furnishing and equipping of the General Aviation facility in the Terminal Building for Woolsey Aviation, Inc. 's FBO operations. As a minimum requirement, . . Woolsey Aviation, Inc. demised premises shall contain sufficient space and equipment for the provision of the following services or functions: customer lounge, customer service reception area, line service ready room and offices, pilot's lounge and sleep rooms, • weather briefing area, conference room, and vending areas sufficiently equipped to meet the needs of the traveling public. (b) Acquire sufficient aircraft handling equipment for Woolsey Aviation, Inc.'s FBO, use. Woolsey Aviation, Inc. shall expend a sufficient capital investment to equip the 18,750 square foot hangar building for its use. 7.2 Eauioment. Woolsey Aviation, Inc. shall provide such refueling and ground support equipment as is required and necessary to the proper conduct of Woolsey Aviation, Inc.'s FBO business: including, but not limited to, the listing of capital equipment set forth as Exhibit "D'; provided, however, that Woolsey Aviation, Inc. may, with the Airport's prior written consent, increase or decrease the amount and type of equipment in accordance with Woolsey Aviation, Inc.'s operational . requirements. The Airport's consent under this Section 7.2 shall not be unreasonably withheld; provided, however, that Woolsey Aviation, Inc. 9 • • shall at all times provide such equipment as is required for Woolsey Aviation, Inc. to comply with the requirements of this Lease. 7.3 Fuel Farm. Woolsey Aviation, Inc. shall operate and maintain the fuel farm IAW the following provisions for the storage of fuels: (a) License to Dispense Fuels. The parties agree that Woolsey Aviation, Inc. is granted an exclusive license to dispense aviation_ - - - Deleted: shall be c«axd fuels under permit, subject to Woolsey Aviation, Inc.'s collection and remittance, for and on behalf of the Airport, a fuel flowage and storage fee in the initial amount of $. 10 (ten cents) per gallon, or such an amount as may hereafter be established by the Airport on all fuel delivered to and offloaded into the existing Fuel Farm. (b) Woolsey Aviation, Inc. Fuel Farm Requirements. In consideration of the license to Dispense Fuels granted under Section 7.3 (a), Woolsey Aviation, Inc., at its sole expense, shall at all times during the Term maintain, preserve and keep in good repair the .above ground Fuel Farm and any facilities related thereto. Before accepting this responsibility, by signature here on, the parties shall agree, after sufficient inspection, that the fuel farm_ _ - ceieted: sY is in good repair and up to standard as required for the operation and maintenance of such facilities. Woolsey Aviation, Inc. shall develop a Fuel Storage and Handling Procedures Manual which meets all requirements of statute, rule or regulation for the storage and handling of fuels. Woolsey Aviation, Inc. shall at all times provide employees trained in fuel handling, fuel storage facilities • and fire safety, and provide the Airport with documented evidence of such training. Woolsey Aviation, Inc. shall conduct daily operational checks of all fuel storage facilities and fueling vehicles to ensure protection of fuel quality and readiness of facilities and equipment, and the detection of water or other contamination, system leakage and/or spills. Woolsey Aviation, Inc. shall implement and maintain stringent procedures for the control and monitoring of all fuel and de-icing inventory levels. Such inventories shall be managed in strict compliance with the standards and proceduies of air carriers, fuel suppliers, and the Airport. Woolsey Aviation, Inc. shall implement and maintain procedures which monitor and report fuel receipts into storage, delivery out of storage, and delivery of product into aircraft and/or ground service vehicles. Consistent with the availability of adequate measuring devices, Woolsey Aviation, Inc. shall account for all inventory to a minimum standard of tolerance within a range of plus/minus one-half of one percent. 10 • • 7.4 Minimum Service Requirements. Woolsey Aviation, Inc. shall, as a minimum requirement and at its expense, provide Line Services, as more fully defined in this Section 7.4, and the operation and maintenance of the Fuel Farm, as set forth in Section 7.3(b). Line Services shall include the following services: (a) The sale and dispensing of aviation fuels and lubricants, and the provision of refueling services to owners of commercial passenger, cargo carrier, general aviation and military aircraft. (b) The sale and dispensing of aircraft de-icing fluids and the provision of de-icing services to aviation operators and their aircraft. (c) Ground handing and aircraft support services; including, but not limited to, the provision of auxiliary ground power and air systems, passenger handling, baggage handling, towing, lavatory servicing, potable water servicing, and other common ground support services. (d) The provision of other services to general aviation and military aircraft passengers; including, but not limited to, hotel and transportation accommodations, in-flight catering, shuttle transportation, and other common passenger services. (e) The provision of aircraft arrival, parking, tie-down, aircraft storage, and aircraft hargaring services. • (f) The provision of aircraft towing and disabled aircraft removal for aircraft up to and including narrow body air carrier aircraft. (g) The provision of passenger security screening as required by applicable regulations at the request of charter services serving the airport. 7.5 Permitted Services. Woolsey Aviation, Inc. may, at its sole expense and discretion, provide the following services: (a) Cargo handling services to include the loading and unloading of commercial cargo aircraft. (b) Aircraft charter, air taxi, aircraft rental services and automobile rental services. (c) Such other services and uses as are consistent with the business of a full service FBO, subject to the written prior consent of the 11 • Airport. Businesses which are already located on the airport will • receive preferential treatment if possible when requesting consent of the Airport to provide such other additional services. 7.6 Refueling Operations. Woolsey Aviation, Inc. shall develop, implement and maintain operational procedures for the refueling operation of the FBO and the Fuel Farm; including, but not limited to, operational and safety procedures and regulations, fuel spill and emergency response requirements; and demonstrated compliance with all requirements of appropriate sections of the National Fire Protection Association (NFPA) Code 407, ATA 103, FAR Part d139, and 14 CFR Part 139. 7.7 Ground Handling. Woolsey Aviation, Inc. shall develop, implement and maintain operational procedures for receiving, marshaling, shut-down, parking, servicing, securing, start-up and dispatching aircraft from Woolsey Aviation, Inc. 's flight line. The procedures shall include, but not be limited to, flight line safety, driving safety, the provision of lead-in vehicles, the use of hand signals, and the movement, coordination and control of personnel, ground equipment and vehicles in FAR Part 107 and AOA movement areas. 7.8. TowinetClearine Disabled Aircraft. Woolsey Aviation, Inc. shall provide and make available on a 24-hour, seven-day a week basis adequate towing equipment and trained personnel to tow and/or clear all categories of aircraft normally and routinely expected to be handled by the FBO, including aircraft to and including Gulfstream V and narrow body air carrier aircraft. Woolsey Aviation, Inc. shall maintain and implement • an emergency plan to remove any disabled general aviation aircraft from the runway, taxiway and aprons of the Airport, including but not limited to, the provision of tow tractors, tow bars, air gags, jacks, straps, and access to heavy lift equipment (forklifts and cranes) as may be required to execute the emergency plan, in cooperation with Airport maintenance personnel. 7.9 Communications. Woolsey Aviation, Inc. shall develop, implement and maintain FCC approved two-way radio communications procedures and an operational plan which insures the provision of internal operational communications having a minimum range of five (5) miles, and air-to- ground communications between the FBO and arriving/departing aircraft having a minimum range of 75 miles. 7. 10 Safety. Woolsey Aviation, Inc. shall develop, implement and maintain safety programs and procedures, including inspections, checklists and tests, to ensure the operational safety of the FBO, the documentation and reporting to the Airport of any potential safety hazards, and the training and certification of all service personnel. 12 • • 7. 11 Emereencv Plan. Woolsey Aviation, Inc. shall develop, implement and maintain an operational plan to respond to general aviation emergencies, including aircraft incident handling, recall procedures for aircraft salvage requirement, and foul weather contingency plans including snow, high winds and power outages. The Emergency Plan shall be in coordination with Airport Administration and shall include coordination with the airport maintenance staff, the City of Fayetteville Fire Department, and the City of Fayetteville Police Department. 7. 12 Staffing. Woolsey Aviation, Inc. shall develop, implement and maintain an organizational structure and staffing plan which provides continuous service for 24-hours per day, 365 days per year. On call services may be used to service customers at times when the FBO is unmanned. 7. 13 Revenue Management. Woolsey Aviation, Inc. shall develop, implement and maintain a system for the collection and remittance of landing fees, fuel flowage fees and taxes, and other fees for the benefit of the Airport. Woolsey Aviation, Inc. shall implement and maintain audit and reporting procedures for such collections and remittances; provided, however, that such procedures shall be subject to the prior written approval of the Airport and further subject to such future modifications and/or changes as may be reasonably required by the Airport to ensure accuracy of reporting and audit and collection control. 7. 14 Maintenance. Woolsey Aviation, Inc. shall develop, implement and maintain adequate maintenance of its equipment and facilities to ensure • that at all times the FBO provides a high level of quality service and cleanliness to the traveling public. 7. 15 Pricin . Woolsey Aviation, Inc. shall establish and maintain a pricing policy and structure which ensures fair and clearly stated pricing which is consistent with local, regional and national markets and based on fair and reasonable return to the FBO and reviewed by the Airport. Current pricing agreements for based customers will be honored to the greatest extent possible. 7. 16 Self Service Fueling Station. The Airport plans to keep the self service fueling station for 100LL Aviation Fuel and Automobile Fuel, located on the east side of the airport and to purchase aviation fuel from the fuel and line service FBO. As a provision of this agreement, the parties agree that the Airport shall purchase aviation fuel from the FBO and that the FBO will cause the fuel to be delivered to the fueling station. It is also agreed that the Airport shall pay for the fuel at cost plus a delivery fee not to exceed $. 15 per gallon. Sale to the Airport for resale shall not include sales tax as the sales tax will be paid at the time of sale into the aircraft. 13 0 • Self Serve pricing shall be in accordance with the approved airport pricing formula. 8. Improvements and Alterations. 8. 1 Plans. Specifications and Permits. Plans or specifications for the alteration of all structures shall be subject to prior written approval of the Airport, said approval not to be unreasonably withheld. It is understood and agreed that Woolsey Aviation, Inc. shall at all times and in every instance comply with the requirements of the Airport, including, but not limited to, compliance with design criteria and standards, and Federal and state governmental requirements for the protection of the environment in the construction of the improvements and alternations, contemplated hereunder, including, but not limited to, a the securing of such permits as may be required by the appropriate regulatory agencies or entities of government. It is further understood and agreed that construction of any such structures are also subject to the prior written approval of the FAA in accordance with the provisions of Part 77 of the FAA regulations. The Airport hereby agrees that it will use its best efforts to assist Woolsey Aviation, Inc. in obtaining such approval. 8.2 Activity on Demised Premises. Woolsey Aviation, Inc. agrees. not to conduct or permit to be conducted any activity on the Demised Premises which would interfere with or be a hazard to flight of aircraft either to or from the Airport, or interfere with the ground movement of aircraft at the Airport, or interfere with air navigation and communication facilities serving the Airport. Woolsey Aviation, Inc. agrees that no structure will . be erected or natural objects created on the Demised Premises which would constitute a hazard to air navigation. 8.3 Alterations. Woolsey Aviation, Inc. may make interior alterations (structural or otherwise), minor exterior alterations and changes, decorations and minor additions with prior approval of the Airport as long as it does not materially change previously approved structural improvements, violate the terms and conditions of the Lease Agreement or violate FAA regulations. The Airport acknowledees, however. that Woolsey Aviation. Inc. will modify the appearance and decor of all common areas, restrooms and main lobby area to ensure that the appearance of such areas are consistent with Million Air system requirements as described in the Million Air Confidential Operatine Manual. 8.4 Approvals. It is understood and agreed that this Lease is subject to the reasonable approval by the Airport and the FAA. The Airport shall review and conceptually approve or reject with comments such Plans within ten ( 10) days of receipt of the Plans. If the Airport would reject such Plans, 14 • • the Airport comments shall be in sufficient detail so as to allow Woolsey Aviation, Inc. to revise and resubmit such Plans, incorporating the Airport's comments thereto. Upon resubmission of the revised Plans by Woolsey Aviation, Inc. to the Airport, the Airport shall review and conceptually approve or reject with comments such Plans within ten (10) days of receipt of the revised Plans. The foregoing process shall continue until the Plans have been approved by the Airport; provided, however, in the event approval of the Plans is not obtained, Woolsey Aviation, Inc., at . its election, may terminate this Lease without further obligation to the Airport as provided herein. 8.5 Expansion and Modification. During the Term, Woolsey Aviation, Inc. shall have the right, subject to the reasonable approval of the Airport and the FAA and in compliance with the terms and conditions of this Lease to expand or modify Woolsey Aviation, Inc.'s FBO premises and ancillary facilities thereto, and other related facilities on the Demised Premises. 9. Transfer of Woolsey Aviation, Inc. Title and Interest to the Airport. It is covenanted and agreed that all of Woolsey Aviation, Inc.'s right, title and interest in any buildings and improvements remaining on the Demised Premises at the expiration of the Term of this Lease or termination of this Lease, as set forth herein, shall at such time be and become the property of the Airport, subject only to the rights of removal of trade equipment, trade dress, signage, and trade fixtures from time to time installed on the Demised Premises as provided in Section 22. Until such expiration or termination of this Lease, all right, title and interest in any buildings and improvements on the Demised Premises shall reside in Woolsey Aviation, Inc.; provided, however, that during the Term of this lease, • Woolsey Aviation, Inc. shall grant to the Airport an undivided residual interest in the fair market value of any buildings and improvements on the Demised Premises equal to three point thirty three percent (3.33%) per annum of said fair market value during each year of the Term. 10. FAA Approvals. The Airport and Woolsey Aviation, Inc. agree that this Lease is made subject to, and is wholly contingent upon Woolsey Aviation, Inc. compliance with all rules and requirements of the FAA as are or may be required for the Airport to make and enter into this Lease. 11 . Force Maieure. If the substantial completion and occupancy of the initial improvements to be constructed by Woolsey Aviation, Inc. upon the Demised Premises shall be delayed or prevented by reason of strikes, lockouts, labor troubles, without fault and beyond the reasonable control of the party obligated, performance of such acts shall be excused for the period of delay and the period for the performance of any such act shall be extended for a period equivalent to the period of such delay. 15 0 • 12. Security Control. Woolsey Aviation, Inc. agrees to control all persons and vehicles entering any airport restricted area (including aircraft movement area) through its leased space in accordance with the Fayetteville Municipal Airport Drake Field Security Program and in compliance with Federal Aviation Regulations, Part 107, as these now exist or may exist in the future. _ - Deleted: 13. Hazardous Waste/Substances. 13. 1 Definitions. The tern "Hazardous Substances," as used in the Lease, shall mean: (a) Any hazardous or toxic substances, materials or wastes, including, but not limited to, those substances, materials, and wastes listed in the United States Department of Transportation Hazardous Materials Table (49 CFR § 172. 101) or by the Environmental Protection Agency as hazardous substances (40 CFR Part 302) and amendments thereto; (b) Designed as a "Hazardous Substance" pursuant to Section 311 of the Clean Water Act, 33 U.S. C. § 1251 et seq. (33 U.S.C. § 1321 ), or listed pursuant to Section 307 of the Clean Water Act (33 U.S.C. § 1317); (c) Defined as a "Hazardous Substance" pursuant to Section 101 of the Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C. § 6901, et seq. (42 U.S.C. § 6903); or • (d) Defined as "Hazardous Substance" pursuant to Section 101 of the Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C. § 9601 , it seq. (42 U.S.C. § 9601) or any other substances, (including, without limitation, asbestos and raw materials which include Hazardous constituents), the general, discharge or removal of which or the use of which is restricted, prohibited or penalized by any "Environmental Law", which term shall mean any Federal, state or local law, regulation or ordinance relating to pollution or protection of the environment. 13.2 Inspection. The Airport and Woolsey Aviation, Inc. agents and representatives shall have the right, in the company of Woolsey Aviation, Inc. and/or its employees or agents, to enter into or upon the Demised Premises, or any part thereof, during normal business hours and after reasonable notice to Woolsey Aviation, Inc., for the purpose of examining same, including but not limited to, the right to test for Hazardous Substances thereon and the adequacy of security to restricted areas. Woolsey Aviation, Inc. shall have the right, but not the obligation, to receive split samples of any sampling matter to be tested by Woolsey 16 • • Aviation, Inc. which split samples will be analyzed by Woolsey Aviation, Inc. at Woolsey Aviation, Inc.'s expense. 13.3 Notification. If the Airport or Woolsey Aviation, Inc. discovers any Hazardous Substances on the Demised Premises, it will promptly notify the other party of the details of such Hazardous Substances. 13.4 Permitted Activities. Woolsey Aviation, Inc. hereby agrees that: (a) No activity will be conducted on the Demised Premises by Woolsey Aviation, Inc., its agents, employees, subleases, invitees or any other party entering the Demised Premises during the term hereof that will produce any Hazardous Substance, except for such activities that are part of the ordinary course of Woolsey Aviation, Inc.'s business activities (the "Permitted Activities"), provided said Permitted Activities are conducted in accordance with all Environmental Laws and have been approved in advance in writing by the Airport. (b) The Demised Premises will not be used by Woolsey Aviation, Inc., its agents, employees, sublessees, invitees or any other party entering the Demised Premises during the term hereof in any manner for the storage of any Hazardous Substances except for the temporary storage of such materials that are used in the ordinary course of Woolsey Aviation, Inc.'s business (the "Permitted Materials") provided such Permitted Materials are properly stored in a manner and location in compliance with all Environmental • Laws; (c) No portion of the Demised Premises will be used by Woolsey Aviation, Inc., its agents, employees, sublessees, invitees or any other party entering the Demised Premises during the term hereof as a landfill or dump; (d) Woolsey Aviation, Inc. will not during the term allow any surface or subsurface condition to exist or to come into existence that constitutes, or with the passage of time may constitute, a public or private nuisance; and (e) Woolsey Aviation, Inc. will not during the Tern permit any Hazardous Substances to be brought onto, stored, processed, disposed of or, released, discharged from (including ground water contamination) or otherwise handled on the Demised Premises, . except for the Permitted Materials described above, and if so brought or found located thereon, the same shall be immediately removed, with proper disposal in compliance with all 17 • • Environmental Laws and all required cleanup procedures shall be diligently undertaken pursuant to all Environmental Laws. 13.5 Environmental Compliance Proeram. Woolsey Aviation, Inc. further agrees to develop and implement an environmental compliance program for its operations at the Demised Premises, but only to the extent required by Federal, state or local rules, regulations, or statutes, as such may now exist or exist in the future. Further, Woolsey Aviation, Inc. will provide a copy of its Storm Water Pollution Prevention Plan (SWPPP), and Spill Prevention Control and Countermeasure Plan (SPCC) to Airport Administration, and coordinate with the Airport on implementation and SWPPP/SPCC updates. 13.6 Indemnification. Woolsey Aviation, Inc. agrees to indemnify and defend (with counsel reasonably approved by the Airport) and hold the Airport and its employees and agents harmless from and against and to reimburse said parties for any claims (including, without limitation, third party claims whether for personal injury or real or personal property damage or otherwise, actions, administrative proceedings (including informal proceedings), judgments, damages, punitive damages, penalties, fines, costs, liabilities (including sums paid in settlement of claims; provided, however, that the Airport shall not settle any claims without the prior written consent of Woolsey Aviation, Inc.), interest or losses, including reasonable attorney's fees and expenses (including such fees and expenses incurred in enforcing this Section 13.6), reasonable consultant fees, and reasonable expert fees, together with other costs and expenses of any kind or nature that arise from or in connection with the presence, suspected • presence, release or suspected release of any Hazardous Substances into the air, soil, ground water or surface water at, on, about , under or within the Demised Premises, or any portion thereof, or elsewhere in connection with the transportation of Hazardous Substances to or from the Demised Premises provided that such presence, suspected presence, release or suspected release is the result of the activities of Woolsey Aviation, Inc., its agents, and employees,during the term of the Lease. Deleted: , sublessees. mvitm m my - - - - - - - - - - - - - - - - - - - - - - - other party entering the Demised Premises with the coo for knowledge (a) The indemnification provided in this paragraph shall of Woolsey Aviation, Inc. specifically apply to and include claims or actions brought by or on behalf of employees of Woolsey Aviation, Inc. against the Airport. The indemnification provided herein shall specifically cover costs, including capital, operating and maintenance cost, incurred in connection with any investigation or monitoring of site conditions, any cleanup, containment, remediation, removal or restoration work required or performed by any federal, state or local governmental agency or political subdivision or performed by any nongovernmental entity or person in response to any 18 • • order or other requirement by such governmental agency, but this indemnification is subject to the express limitation that: (i) any presence, suspected presence, release or suspected release of any Hazardous Substances into the air, soil, ground water or surface water at, on, about, under or within the Demised Premises, or any portion thereof, or elsewhere in connection with the transportation of Hazardous Substances to or from the Demised Premises, is the result of the activities of Woolsey Aviation, Inc., its agents, and employeesduring the term—of—the L_ e_a_se;_a_n_d_ _ _ _ _ _ _ _ - ate: . in s, m.ac: or soy od1Q pNy entering the DcmlSCd Premises with the consent M knowledge (ii) the further limitation that any investigation, of woohey Aviation, Inc remediation, etc. of Hazardous Substances is required by applicable law and the governmental agency having jurisdiction thereof. 13.7 _Removal and Disposition. Upon the expiration of the Term, Woolsey Aviation, Inc., at its own expense, hereby agrees to properly remove and dispose of all storage tanks placed on the Demised Premises by Woolsey Aviation, Inc. in compliance with all applicable Environmental Laws and all required cleanup procedures shall be diligently undertaken in compliance with the governmental agency having jurisdiction thereof. 13.8 Information Available. The Airport hereby represents and warrants that • the Airport has made available to Woolsey Aviation, Inc. copies of the Airport Environmental Impact Statement, the Airport Master Plan and all environmental studies of the airport property and all other information known to the Airport concerning the environmental condition of the Demised Premises and any real property adjacent to the Demised Premises that would adversely affect the Demised Premises. 13.9 Spill Prevention and Storm Water Discharge. 14. Utilities — Installation and Service Charges. 14. 1 Woolsey Aviation, Inc. Requirements: Woolsey Aviation, Inc. shall install or cause to be installed, telephone, cable, broad band and flight following, weather and flight planning services for its use and for use of customers. 14.2 Airport Requirements: The Airport shall, at its expense, make available to Woolsey Aviation, Inc. no later than the Commencement Date 19 • • permanent electric, heat, water, and sewerage utilities for the Terminal Building. The Airport shall provide dumpsters for use by all tenants. 15. Taxes. 15. 1 Payment Responsibility. Woolsey Aviation, Inc. shall pay or shall cause to be paid, prior to their becoming delinquent, unless being contested, any and all taxes which are lawfully levied, assessed or imposed at any time during the Term upon any improvements erected by Woolsey Aviation, Inc. or those holding by, through or under Woolsey Aviation, Inc. thereon, and all applicable personal property taxes. The Airport is responsible for all real estate taxes of any nature that apply to any period of time prior to the beginning of the term hereof. 16. Indemnification and Insurance. 16. 1 Indemnification by Woolsey Aviation, Inc.. Woolsey Aviation, Inc. agrees to indemnify and hold harmless the Airport and the City of Fayetteville from and against any and all claims by or on behalf of any person or persons, firm or firms, corporation or corporations, arising from the negligent or wrongful use, occupancy, conduct and management of, or from any negligent or wrongful work or thing whatsoever done in or about the Demised Premises by Woolsey Aviation, Inc., or any representative_ - _ - peietea: . employeev of Woolsey Aviation, Inc. during the Term._ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ pek0ed: , 16.2 Indemnification of Airport. The Airport agrees to indemnify and hold harmless Woolsey Aviation, Inc. from and against any and all claims by or on behalf of any person or persons, firm or firms, corporation or • corporations, arising fiom: (a) The ownership by Airport of the Demised Premises; (b) Any wrongful conduct of the Airport or any representative, employee, invitee or permitee of the Airport in connection with the exercise of the Airport's rights and the performance of the Airport's obligations under this Lease, or otherwise with respect to the Demised Premises; and (c) Any default in the performance by the Airport, or any representative of the Airport, of the Airport's obligations under this Lease. 16.3 Woolsey Aviation, Inc. Insurance. (a) Minimum Liability Insurance. Woolsey Aviation, Inc. shall maintain or cause to be maintained for the benefit of the Airport and Woolsey Aviation, Inc.: (i) general public airport liability 20 • • insurance against claims for bodily injury, death or property damage occurring in or about the Demised Premises and improvements thereon, such insurance to afford protection in an amount equal to minimum limits of liability of Five Million Dollars ($5,000,000) combined single limit for injury (or death) and for damage to property, (ii) comprehensive public liability and property damage insurance in an amount equal to minimum limits of Fifty Million Dollars ($50,000,000) combined single limit for all fueling operations; and (iii) aircraft liability insurance in an amount equal to minimum limits of Five Million Dollars ($5,000,000) combined single limit. A memorandum copy of each such policy of insurance (which shall name the Airport as an additional insured), or Certificate of Insurance, shall be deposited with the Airport and shall provide for at least sixty (60) days notice to the Airport prior to cancellation and/or change in any insurance. (b) Adjustment of Minimum Liability Insurance. In the event the Airport should, at any time after the first five years of the term hereof, determine in its reasonable judgment that Woolsey Aviation, Inc. should provide liability insurance protection. in excess of the limits it is then carrying, the Airport shall notify Woolsey Aviation, Inc. of its determination in writing, stating the limits it requests and the reasons therefore. If the Airport or Woolsey Aviation, Inc. shall thereupon determine that they are unable to agree upon the minimum limits to be carried, each party shall within fifteen (15) days from said determination appoint a person with at least five (5) years of experience in the sale of • liability insurance and the underwriting of liability insurance risks to decide reasonable minimum limits to be carried, and their joint decision shall control. If these two persons are unable to mutually agree upon such minimum limits, they will appoint a third person so experienced, and the decision of the majority shall control. Each party shall pay the cost of the person it appoints and share equally the cost of the third person appointed. In the event such decision requires an increase in coverage, Woolsey Aviation, Inc. shall provide the increased coverage within thirty (30) days from and after such decision. In making the determinations hereunder, all material factors shall be considered, including the general availability and terms of liability insurance at a reasonable cost at the time. (c) Fire and Extended Coverage Insurance. Woolsey Aviation, Inc. . agrees that it will, at all times during the terra of this Lease, keep insured any improvements it hereafter erects upon the Demised Premises under what is commonly know as a fire and extended coverage policy (which shall name the Airport as an Additional 21 • • Insured) and shall furnish the Airport a Certificate of such Insurance. Said insurance shall be in an amount equal to not less than ninety percent (90%) of the insurable value of said improvements, and may contain appropriate deductibles at the . reasonable discretion of Woolsey Aviation, Inc. (d) Use of Insurance Proceeds. In the event of damage or destruction to the Demised Premises or improvements thereon by fire or other insured casualty or otherwise, proceeds from such insurance, subject to the prior rights of mortgagees and/or other security holders, if any, shall be used toward restoring the Demised Premises and improvements thereto. 16.4 Airport Insurance. The Airport shall maintain or cause to be maintained general public airport liability insurance against claims for bodily injury, death or property damage occurring in or about the Airport, such insurance to afford protection in an amount equal to minimum limits of liability of Five Million Dollars ($5,000,000) combined si_ngle limit for injury_ (or_ , DeleWd: . death) and for damage to property. 17. Maintenance. Woolsey Aviation, Inc. agrees to keep the Demised Premises and the improvements thereon in good order, maintenance and repair, ordinary wear and tear and casualty losses excepted, and upon the termination or expiration of this Lease to surrender up the Demised Premises and improvements thereon to the Airport in such condition. 18. Advertising. No outside walls, roofs or other portion of the Demised Premises or • of any improvements thereon shall be leased for or used for any advertising purposes. Reasonable business identification signs will be permitted subject to the approval of the Airport and upon receipt of a valid permit by the City of Fayetteville. 19. Fixtures and Improvements. It is expressly understood and agreed that any and all trade machinery, equipment fixtures and improvements of whatsoever nature (excluding real property) at any time placed, installed or maintained upon any portion of the Demised Premises by Woolsey Aviation, Inc. shall be and remain the property of Woolsey Aviation, Inc. Woolsey Aviation, Inc. shall have the right to install and remove at any time during Woolsey Aviation, Inc.'s occupation of the Demised Premises or within sixty (60) days after this Lease may be terminated or have expired, to remove any and all trade machinery and equipment owned or placed by Woolsey Aviation, Inc., upon the Demised Premises whether before or during the Term, but shall not be obligated to do so. In the event of removal Woolsey Aviation, Inc. shall repair any and all damage to the leasehold improvement caused by said removal. 22 • • 20. Assienment. Woolsey Aviation, Inc. shall not at any time assign this Lease or any part thereof, or sublet all or any portion of the Demised Premises herein without having first secured written approval of the Airport. 21 . Disadvantaeed Business Enterprise (DBE) Assurances. Woolsey Aviation, Inc. acknowledges that the provision of 49 CFR, Part 26, Disadvantaged Business Enterprises (DBE), as said regulations may be amended, and such other similar regulations may be enacted, may be applicable to the activities of Woolsey Aviation, Inc. under the terms of this lease, unless exempted by said regulations, and Woolsey Aviation, Inc. hereby agrees to comply with the FAA and the U.S. Department of Transportation, in reference thereto. These requirements may include, but not be limited to, compliance with DBE participation goals, the keeping of certain records of good faith compliance efforts, which would be subject to review by the various agencies, the submission of various reports and, if so directed by the various governmental agencies, the contacting of specified percentages of goods and services contracts to Disadvantaged Business Enterprises. 22. Non-Discrimination. Woolsey Aviation, Inc. for itself and its successors in interest and assigns hereby covenants and agrees as a covenant running with the land that in the event facilities are constructed, maintained or otherwise operated on the Demised Premises for a purpose for which a Department of Transportation program or activity is extended or for another purpose involving the provision of similar services or benefits, Woolsey Aviation, Inc. shall maintain and operate such facilities and services in compliance with all other requirements imposed pursuant to Title 49, Code of Federal Regulations, Department of Transportation, Subtitle A, Office of the Secretary, Part 21, Nondiscrimination of Federally- assisted programs of the Department of transportation-Effectuation of Title VI of the Civil Rights Act of 1964, and as said Regulations may be amended. Woolsey Aviation, Inc. for itself and its successors in interest and assigns also hereby covenants and agrees as a covenant running with the land that(a) no person on the grounds of race, color, creed, sex, handicap or national origin shall be excluded from participation in, denied the benefits of, or otherwise subjected to discrimination in the use of said facilities, (b) that in the construction of any improvements on, over or under such land and the furnishing of services thereon, no person on the grounds of race, color, creed, sex handicap or national origin shall be excluded from participation in, denied the benefits of, or otherwise be subject to discrimination, (c) that Woolsey Aviation, Inc. shall use the Demised Premises in compliance with all other requirements imposed by or pursuant to Title 49, Code of Federal Regulations, Department of Transportation, Subtitle A. Office of the Secretary, Part 21 , Non-discrimination in Federally-assisted programs of the department of transportation-Effectuation of Title VI of the Civil Rights Act of 1964, and (d) as said Regulations may be amended. 23. Default. All covenants and agreements herein made and obligations assumed are to be construed also as conditions and these presents are upon the express 23 • V • condition that if Woolsey Aviation, Inc. should fail to pay when due any one of the aforesaid installments of rent, or should fail to perform or observe any of the covenants, agreements or obligations herein made or assumed by said Woolsey Aviation, Inc., then and thence forth in any of said events, after allowing for the grace period for curing defaults set out below, this Lease may be forfeited, except as otherwise provided herein with respect to any mortgagees in Section 20 or in this Section 23, and thereby become null and void at the option of the Airport, and said Airport may, with or without process of law, in a lawful manner re-enter said premises and improvements or any part thereof and repossess and have the same as of Woolsey Aviation, Inc.'s former estate and remove there from all goods and chattels not thereto properly belonging, and expel said Woolsey Aviation, Inc. and all other person or persons who may be in possession of the said premises and improvements; and in such case Woolsey Aviation, Inc. covenants that it will immediately and peaceably deliver up the same to the Airport, its agents or attorneys; and if Woolsey Aviation, Inc., its tenants agents or attorney's shall hold for a day beyond the time when they should have surrendered the Demised Premises or improvements thereon, or any part thereof required hereby to be surrendered, according to the provisions hereof or according to law, they shall be subject to an action for forcible detainer under the statutes of the State of Arkansas and be subject to eviction and removal from the Demised premises. 23. 1 Notice. The Airport shall give written notice of default simultaneously to Woolsey Aviation, Inc., any assignee or guarantor of this Lease, and to any mortgagee or beneficiary of Woolsey Aviation, Inc.'s leasehold interest in the Demised Premises and improvements thereon who shall have the rights set forth in Section 20 and who are known to the Airport. • 23.2 Cure of Default. No default shall be deemed to exist unless Woolsey Aviation, Inc. fails to cure said default within thirty (30) days after receipt of written notice thereof, provided, however, that if Woolsey Aviation, Inc. fails to cure same within said thirty (30) days, the mortgagee or guarantor of Woolsey Aviation, Inc.'s said leasehold interest shall have an additional twenty (20) days after the end of said thirty (30) day period within which to cure same. As to any curing of a default (other than payment of rent) which would reasonably require a greater period of time for curing than is provided for above, if Woolsey Aviation, Inc. shall, within the time stipulated, commence such curing and diligently pursue same, then, the above time period shall be extended to allow Woolsey Aviation, Inc. reasonable opportunity to do so; provided, however, in the event Woolsey Aviation, Inc.'s failure to perform or observe any of the covenants, agreement or obligation herein shall create and /or cause a hazard to safety, of whatsoever nature of kind, the period of the curing of such default shall be no greater than five (5) days after receipt of written notice thereof. 24 • V • 23.3 Richt to Contest. Woolsey Aviation, Inc. shall have the right to contest, in good faith, the existence of any default alleged to have occurred or alleged to exist, and in the event Woolsey Aviation, Inc. so elects, the time period for curing any such allege default shall be extended until thirty days after a final judgment has been entered in a court having jurisdiction over such contest. 23.4 Notice of Forfeiture and Termination. The Airport may not exercise its right to declare this Lease forfeited, terminated, or null and void without first having given written notice to any mortgagee or beneficiary of a deed of trust of Airport's intent to do so on a date specified in such notice, which date shall be at least thirty (30) days after receipt by such mortgagee or beneficiary of such written notice, which notice will specify the default on account of which Airport seeks to exercise its rights of forfeiture or termination. 23.5 _Rights Upon Receipt of Notice. Upon receipt of any such notice of forfeiture and termination, such mortgagee or beneficiary shall have the right prior to the date specified for termination to cure the default specified in such notice, or to initiate proceedings to contest the existence of such default, or to initiate proceedings to compel Woolsey Aviation, Inc. or any other person or entity to cure such default, thereby preventing or delaying forfeiture or termination of this Lease. In the event such mortgagee or beneficiary cures such default or proceeds to cure such default prior to the date specified for termination by instituting proceedings to compel Woolsey Aviation, Inc. or any other party causing such default to cure such default, or institutes proceedings, in good faith, contesting the • existence of such default, the Airport's right to terminate this Lease shall be suspended until thirty days after the entry of a final judgment of a court having jurisdiction over any such action or contest determining that the default identified in such notice exists under this Lease and must be cured to prevent forfeiture hereunder. As to the curing of any default (other than the payment of rent) which would reasonably require a greater period of time for curing than is provided above, if the mortgagee or beneficiary shall, within the time otherwise provided herein, commence the curing of such default or commence an action to compel such default to be cured, and shall diligently pursue same, then the time provided for herein for the curing of such default shall be extended to allow such mortgagee or beneficiary a reasonable opportunity to cure such default or force the curing of such default by any other person or entity who may be obligated to cure such default or may have the ability to cure such default. 24. Right to Terminate Not Exclusive. The right of the Airport to terminate this Lease as herein set forth is in addition to and not in exhaustion of such other rights that the Airport has or causes of action that may accrue to the Airport because of the Woolsey Aviation, Inc.'s failure to fulfill, perform or observe the 25 • V ' • obligations, agreements or covenants of this Lease, and the exercise or pursuit by the Airport of any of the rights or causes of action accruing hereunder, shall not be an exhaustion of such other rights or causes of action that the Airport might otherwise have. However, in the event of any default by Woolsey Aviation, Inc., the Airport agrees to utilize reasonable efforts to mitigate its damages. Notwithstanding any default or failure of performance by Woolsey Aviation, Inc. hereunder, the Airport may not distain upon, or otherwise proceed against, by legal process or otherwise, Woolsey Aviation, Inc.'s delivery vehicles or airplanes, Woolsey Aviation, Inc.'s proprietary property or any of the goods or property of third parties in the possession of Woolsey Aviation, Inc. All things equal, both parties have the right to give notice of termination of this agreement for the good of the parties with a minimum of 60 days notice to terminate. Upon receipt of such notice, the parties are required to work together to effect a smooth transition of services to the public. 25. Termination by Woolsey Aviation, Inc. Woolsey Aviation, Inc. may, at its option, terminate this Lease without liability by giving the Airport sixty (60) days advance written notice if the commencement of the initial improvements contemplated by Section 8 hereof shall be prevented by Woolsey Aviation, Inc.'s inability to secure financing. 26. Attorney Fees. Woolsey Aviation, Inc. agrees to pay all cost of collection, including reasonable attorney fees, if all or any part of the rent reserved herein is collected after maturity with the aid of an attorney; also to pay reasonable attorney tees in the event it becomes necessary for the Airport to employ an attorney to force Woolsey Aviation, Inc. to comply with any of the covenants, obligations or conditions imposed by this Lease. Likewise, the Airport agrees to • pay reasonable attorney fees in the event it becomes necessary for Woolsey Aviation, Inc. to employ an attorney to force the Airport to comply with any of the covenants, obligations or conditions imposed by this Lease. 27. Protection from Violation — Unlawful Purposes. Excluding any environmental issues, matters or things arising at any time as a result of an occurrence, matter or thing origination or existing prior to the taking of possession of the Demised Premises by Woolsey Aviation, Inc., Woolsey Aviation, Inc., during the tern, will keep and hold harmless the Airport from any penalty or damages or charges imposed for any violation of any Federal, state or municipal laws and ordinances occasioned by acts or omissions of Woolsey Aviation, Inc. and Woolsey Aviation, Inc. agrees that the Demised Premises and improvements thereon shall, during the . term of this Lease, be used only for proper and lawful purposes and as authorized herein, and that Woolsey Aviation, Inc. will not use the same or any portion thereof for any purpose or use which may be in violation of the laws of the United States or of the State of Arkansas, or of the ordinances and regulations of the County of Washington, and the City of Fayetteville, Arkansas, or for any unlawful purpose or use whatsoever. Woolsey Aviation, Inc. also agrees that it will not create or allow any nuisance to exist on the demised Premises and that it 26 • . will promptly abate all such as may arise, and will not commit or suffer to be committed any waste thereon. 28. Rules and Regulations. Woolsey Aviation, Inc. agrees to observe and obey any and all reasonable uniformly applied rules and regulations adopted by the Airport with respect to use of the Airport, and all applicable federal, state and local governmental rules and regulations. "The Minimum Standards for Fayetteville Municipal Airport Drake Field" herein referred to as Airport Minimum Standards at Fayetteville Municipal Airport are attached as Attachment #3_ - - - - - - - - - - - - - - - - - oekted: _. 29. Ouiet Eniovmen[. The Airport hereby affirmatively covenants and warrants .that so long as Woolsey Aviation, Inc. pays the rent and other sums and charges reserved and agreed to be paid by Woolsey Aviation, Inc. under the terms of this Lease, and faithfully observes the covenants, conditions and agreements herein contained and to be observed by Woolsey Aviation, Inc. or which can be performed by mortgagee or beneficiary, Woolsey Aviation, Inc. shall freely, peaceably and quietly have and enjoy the Demised Premises and every-part thereof and all of its other rights under this Lease during the entire term of this leases. 29. 1 Fee Simple. The City of Fayetteville hereby covenants and warrants that it is well seized of the Demised Premises, has fee simple absolute title thereto and has the legal right and authority to lease the same in the manner and form herein provided; and that said Demised Premises and every part thereof are free and clear of any easements, encumbrances; reservations, restriction or reversionary rights whatsoever, except as specified in the Airport Layout Plan set forth as Exhibit `B", and will • remain so during the term and any extensions unless otherwise agreed to by Woolsey Aviation, Inc. and will defend such title on behalf of Woolsey Aviation, Inc. or mortgagee or beneficiary, as the case may be, during the Term and any extensions. 29.2 Events of Breach. In the event of the breach of the foregoing covenant and warranty, which the parties hereby agree shall include, but not be limited to: (a) The existence of any unpaid real estate taxes relating to any time period prior to the beginning of the Lease; or (b) The existence of any easement, right-of—way, covenant, encumbrance, reservation, restriction, right-of-fust refusal; reversionary interest, lien, mortgage, title defect, etc. (collectively . hereinafter, "Title Defect"), that would materially affect or impair Woolsey Aviation, Inc.'s proposed development or use of the Demised Premises; 27 • • The Airport shall immediately pay such real estate taxes or cause same to be paid, and the Airport shall cure such Title Defect within (90) after receipt of notice from Woolsey Aviation, Inc. of the existence of same, or such longer period if such cure cannot be completed within ninety (90) days, so long as the Airport has commenced its cure within the initial ninety (90) day cure period and is diligently proceeding to complete same immediately thereafter. 29.3 Failure to Perform. If the Airport defaults in the performance of any of the foregoing and the Title Defect is of such nature as to materially interfere with or preclude Woolsey Aviation, Inc.'s construction of Woolsey Aviation, Inc.'s improvements, or to unreasonably interfere with or preclude the issuance of permits or site plan approval of such construction, then Woolsey Aviation, Inc. shall have the following election: (a) Woolsey Aviation, Inc. shall have the right to cancel this lease effective upon the Airport's receipt of notice of such cancellation; or (b) Woolsey Aviation, Inc. shall have the right to pay such unpaid real estate taxes, cure the Title Defect or otherwise correct such breach of covenant and warranty, as the case may be, and deduct the reasonable cost thereof, including reasonable attorney's fees and expenses, from the rents due hereunder. If Woolsey Aviation, Inc. elects election (b), then the Airport shall reasonably cooperate with Woolsey Aviation, Inc. in order that Woolsey Aviation, Inc. may • cure the Title Defect or otherwise correct such breach of covenant and warranty. 30. Est000el Certificate. Either parry shall at any time and from time to time upon not less than twenty (20) business days prior written request by the other party, execute, acknowledge and deliver to such party a statement in writing certifying that his Lease is unmodified and in full force and effect (or if there has been any modification thereof that the same is in full force and effect as modified and stating the modification or modifications and that there are no defaults existing, or if there is any claimed default stating the nature and extent thereof); and stating the dates to which the rent and other charges have been paid in advance. It is expressly understood and agreed that any such statement delivered pursuant to this section by be relied up by either party or by any third party. 31 . Notices. Whenever by the terms of this lease, notice shall or may be given either to the Airport or to Woolsey Aviation, Inc., such notice shall be in writing and shall be sent by Unites States registered or certified mail, return receipt requested, with adequate prepaid postage. If intended for the Airport, addressed to: 28 • . Ray M. Boudreaux, Director Aviation and Economic Development City of Fayetteville 4500 S. School Avenue, Suite F Fayetteville, AR 72701 With copy to: Kit Williams, City Attorney City of Fayetteville 113 West Mountain Street Fayetteville, AR 72701 If intended for Woolsey Aviation, Inc., address to: Roger Woolsey, President/CEO Woolsey Aviation, Inc. 8501 Telephone Road Houston, Texas 77061 Or, to such address or addresses as may from time to time hereafter be designated by like notice form either party to the other. The time of giving of such notice when sent by U.S. mail shall be deemed to be the time when the same is received or delivery refused as shown by the return receipt. 32. Invalidity of Particular Provisions. If any term or provision of this lease or the application thereof to any person or circumstances shall to any extent be invalid • or unenforceable, the remainder of this lease, or the application of such term or provisions to persons or circumstances other than those as to which it is invalid or unenforceable, shall not be affected thereby, and each term and revision of this Lease shall not be affected thereby, and each term and provision of this Lease shall valid and shall be enforceable to the fullest extent permitted by law. 33. General Terms. 33. 1 General Terms. Whenever the term the Airport is used herein it shall be construed to include the successors and assigns of the Airport and whenever the term Woolsey Aviation, Inc. is used herein, it shall be construed to include the successors and assigns of Woolsey Aviation, Inc.; and the words "Airport" and "Woolsey Aviation, Inc." shall include single and plural, individual and corporate, masculine, feminine or neuter, as the same may be or hereafter become applicable. Whenever approvals or consents of the Airport are required hereunder or in any attachments hereto, such approvals or consents shall not be unreasonably withheld, conditioned or delayed. This Lease shall be binding upon and inure to the 29 •