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HomeMy WebLinkAbout20-85 RESOLUTIONRESOLUTION NOt 20-85 • fly SCANNED A RESOLUTION AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE A LEASE WITH AEi D -TECH SERVICES, INC., FIR THE OLD WHITE HANGAR BUILDING AT THE FAYETTEVILLE MUNICIPAL AIRPORT. BE IT RESOLVED BY THE BOARD OF DIRECTORS OF TAE CITY OF FAYYETIEVILLE, ARKANSAS: That the Mayor and City Clerk are hereby authorized and directed to execute a lease with Aero -Tech Services, Inc., for the Old White Hangar Building at the Fayetteville Municipal Airport. A copy of the lease agreement authorized for execution hereby is attached hereto marked Exhibit "A" and made a part hereof. PASSED AND APPROVED this 19th day of February ATTEST , 1985. 1 • LEASE This LEASE executed on this /74 day of MICROFILMED 1985, between the City of Fayetteville, Arkansas, hereinafte called the "City" and Aero -Tech Services, Inc., hereinafter called the "Fixed Base Operator" (FBD). WHEREAS, the City owns and operates a Municipal Airport known as Drake Field, hereinafter call the "Airport"; and WHEREAS, Aero -Tech Services, Inc., desires to establish a fixed base operation at the Airport and desires to use the facilities at the Airport in connection with its fixed base operation; and WHEREAS, the City has heretofore leased to the Hi) a maintenance hangar, space in the Old Terminal Building, aircraft apron space, and a fuel farm to be constructed; and WHEREAS, the City is willing to lease to the FBD additional facilities at the Airport. NOW, THEREFORE, IN CONSIDERATION OF THE MUTUAL ODVENANIS CONTAINED HEREIN, THE PARTIES AGREE AS FOLLOWS: 1. LEASED PREMISES. The City hereby leases to the FBO, and the FBO hereby leases from the City, the following: (a) The Old White Hangar Building, including all office space therein, at the Aitport as designated on Exhibit "A" attached hereto and made a part hereof. (b) The aircraft apron space designated "FBD Aircraft Parking" on the plat attached hereto marked Exhibit "A" and made a part hereof. 2. AUTHORIZATION. The City authorizes the FBO to use the foregoing demised premises in connection with its fixed base operation, which operation shall at all times conform to the City's Minimum Standards for Commercial Aeronautical Activities at Drake Field. Said standards are incorporated herein by reference thereto and made a part hereof as if set out word for word. The FBO may sublease any portion of the demised premises, but any sublease must first be approved by the City's Board of Directors before execution. -2- 3. TERM. Subject to earlier termination as hereinafter provided, the term of this lease shall be for a period of three (3) years commencing on March 1, 1985. The City hereby grants the FBO an option to extend the term of this lease for up to three (3) additional three-year terms. Any such extension shall be subject to the terms of this agreement, including the escalator clause contained herein; provided, the consid- eration payable by the F30 shall be set by the City. The FBO shall give the City written notice of the FBO's intent to exercise this option at least sixty (60) days prior to the expiration of the original lease term or any extension thereof. Within fifteen (15) days from receipt of said notice, the City shall advise the FBO in writing as to the consideration payable if the lease term is extended. The FBO shall then have fifteen (15) days within which to exercise the option by giving written notice to the City. If, upon termination of this lease, the FBO continues to occupy the demised premises, a tenancy from month-to-month shall be deemed in effect, which tenancy may be cancelled by either party by giving thirty (30) days written notice. 4. OONSIDERATION. In consideration for the use of the demised premises, the FPA agrees to pay the City the sum of One Thousand Dollars ($1,000.00) per month in advance on or before the tenth (10th) day of each month. The consideration payable to Lessor for the year beginning March 1, 1986, shall be the amount resulting by adjusting the basic consideration payable during the initial year of this lease to reflect the percentage of change (either up or down) occurring in the Consumer Price Index, U.S. Bureau of Labor Statistics, Department of Labor, through comparing the index of December 31, 1985, with the index on December 31, 1984. The consideration payable to Lessor for the year beginning March 1, 1987, shall be the amount resulting by adjusting the consideration payable for the year beginning March 1, 1986, to reflect the percentage of change (either up or down) occurring in the Consumer Price Index, U.S. Bureau of Labor Statistics, Department of Labor, through comparing the index of December 31, 1986, with the index on December 31, 1985. S. IMPROVEMENTS Lessee shall bear the cost of all improvements or additions made to the interior or exterior of the Old White Hangar Building. No improvements or additions to any part of the said premises shall be made by Lessee without the prior written approval of the City's Airport Manager. Any signs to be erected on or attached to the leased premises must have the prior written approval of the City's Airport Manager. 6. NON-DISCRIMINATION. FBO will not, on the grounds of race, color, creed, national origin, sex or handicap discriminate or permit discrimination against any person or group of persons in any manner prohibited by Title VI of the Civil Rights Act of 1964 and Part 21 of the Regulations of the Office of the Secretary of Transportation as such are now worded or may hereafter be amended. The City reserves the right to take such action as the United States Government may direct to enforce this covenant. FBO agrees to furnish on a fair, equal and non -discriminating basis to all users thereof, and to charge fair, reasonable and non- discriminating prices for each unit of service. 7. and keep coverage DAMN OR DESTRUCTION OF PREMISES. The City agrees to obtain in force throughout the term of the lease fire and extended insurance on the Old Terminal Building in an amount equivalent to the replacement cost of said building. If the White Hangar shall be condemned or destroyed by fire or other casualty, this lease shall terminate and the rent payable by FBJ shall be prorated to the date of condemnation or destruction. In the event of damage or partial destruction by fire or other casualty, the City may terminate this lease by giving the FBO written notice of termination or the City may repair the White Hangar; during any period of repair, the rent shall be reduced by the same per centage as the damage to the White i Hangar. Upon expiration of the lease term, the White Hangar shall be in substantially the same condition as on the execution date hereof, normal wear and tear excepted. -4- 8. UTILITIES. FBO shall be responsible for the payment of all utilities on the leased premises, including electrical bills, natural gas bills, water and sewer bills and sanitation services; provided, during the first year of this lease the City shall pay the water and sewer bills. 9. MAINTENANCE. FBO will provide, at FBO's expense, allmaintenance and custodial service for the Old White Hangar Building leased to FBO; provided, the City agrees that it will keep and maintain the exterior of the Old White Hangar Building, including the roof, exterior walls and exterior plumbing thereof, in good condition and repair, and agrees that if the roof or any part of the exterior walls or exterior plumbing of said building thereof shall become defective or damaged at any time during the term due to ordinary wear and tear and not due to negligence of FHO or FBO's agents or customers, from the FBO, the City will immediately cause repairs to restore the defective portions to good condition. The City shall not be responsible for, or pay for which might arise due to, the installation and/or removal radio signal or receiving towers or related facilities. FBO shall be responsible for the maintenance and normal operating condition of all heating, electrical and air conditioning equipment and interior plumbing on the premises used by FBO. The City shall be responsible only for major maintenance of the existing equipment. Major maintenance, as used herein, shall mean replacement of the heating and air conditioning units or compressor units when deemed necessary by the City. 10. TERMINATION BY LESSEE. FBO may cancel this agreement upon ninety (90) days written notice to the City of its election to cancel upon the occurrence of any of the following events• upon notice be made and any expense of antenna, (a) The Federal Aviation Administration or any other governmental agency significantly altering, operating requirements at Drake Field making FBO's operation undesirable. (b) Court action closing Drake Field for more than thirty (30) days. (c) Substantial and continued breach by Lessor: of its obligation under this agreement. -5- (d) Inability of FBO to utilize the facilities granted hereunder in a reasonable and useful manner due to action of Lessor or any court or administrative agency with jurisdiction. (e) Assumption of control of Drake Field by the United States Government or any of its agencies that prevents Lessee's normal operations as a fixed base operator. NO WAIVER OR DEFAULT BY FB) OF ANY OF THE TERMS OR (DNDITIONS HEREOF TO BE PERFORMED, KEPT AND OBSERVED BY THE CITY SHALL BE CONSTRUED TO BE OR ACP AS A WAIVER OF ANY SUBSEQUENT DEFAULT OF ANY OF THE TERMS OR CONDITIONS HEREIN CONTAINED TO BE PERFORMED, KEPT AND OBSERVED BY THE CITY, 11. TERMINAfON BY THE CITY. If FB;) fails to make any payment due hereunder within thirty (30) days of the date on which such payment is due, the City may, at its option, terminate this agreement and take possession of so much of FBO's personal property as is reasonably necessary to secure payment of the amounts due and unpaid. The City shall also have the right to terminate this agreement in the event of any of the following: (a) The filing by FBO of a voluntary petition in bankruptcy; (b) The adjudication of EBD as a bankrupt pursuant to bankruptcy proceedings; (c) The appointment of a receiver of FBO's assets; (d) The divestiture of FBO's estate hereunder by operation of law; (e) The failure, by FBO, to meet the City's Minimum Standards for Commercial Aeronautical Activities at Drake Field within thirty (30) days from receipt of written notice from the City. NO WAIVER OR DEFAULT BY THE CITY OF ANY OF THE TERMS OR CONDITIONS HEREOF TO BE PERFORMED, KEPT AND OBSERVED BY FB) SHALL BE CONSTRUED TO BE OR ACT AS A WAIVER OF ANY SUBSEQUENT DEFAULT OF ANY OF THE TERMS OR CONDITIONS HEREIN CONTAINED TO BE PERFORMED, KEPT AND OBSERVED BY FBO. 12. SURRENDER OF POSSESSION. On the expiration or other termination of this lease, FBO's rights hereunder shall cease and FBO shall surrender possession of the Premises granted herein in good condition except for usual and ordinary wear and tear. • • -6- Except as otherwise provided in this agreement, all fixtures, improvements, equipment and other property brought, installed, erected or placed by FBO in, or about the Airport and the premises leased hereunder and affixed thereto shall be deemed the personalty and remain the property of the FBO. FBO shall have the right at all times during the term of this agreement and for an additional period of thirty (30) days after the expiration or other termination of this agreement to remove any or all of such property from the Airport, subject however, to FBO's obligations to repair all damage, if any resulting from such removal. Any and all property not removed by FBO prior to the expiration of the said thirty (30) days period shall thereupon become a part of the land on which it is located and title thereto shall thereupon be vested in Lessor. 13. INSURANCE FBO agrees to carry general public liability insurance and hangar keepers insurance in the following amounts: General public liability insurance $2,000,000 Hangar Keeper's liability insurance $2,000,000 FBD agrees to add the City as an insured under FBO's insurance policies at the Airport and to maintain said policies in force throughout the term of this lease. FBO shall file a certificate of insurance for all required insurance with the City Clerk. FBO agrees to notify the City in writing as to any amendments to or cancellation of said policy. 14. The outside storage of supplies or equipment on the leased premises shall be prohibited with the exception of equipment necessary to service air operations on the east side of the leased building. 15. FEDERAL GRANTS. In the event any of the activities of F30 affect the City in connection with its efforts to obtain grants or funds from federal agencies, the FBO agrees to conform its activities so as to afford the City the greatest amount of grant available so long as it does not materially prejudice FBO. • • -7- 1 16. AGREEMENTS WITH GOVERNMENTAL AGENCIES. Should there be any agreements between the City and other governmental agencies concerning the operations contemplated herein by FBO, then such provisions of such agreements as affect the parties shall be deemed incorporated herein by reference. 17. Absolutely no portable buildings, mobile homes, or any other readily movable building shall be permitted on the demised premises without the prior written approval of the City's Airport Manager. 18. FHO shall fully comply with all rules, regulations and laws applicable to airports served by certificated air carriers and with all ordinances of the City. 19. NOTICES Notices to the City provided herein shall be sufficient if sent by registered mail, addressed to the City's Airport Manager at, Postal Drawer F, Fayetteville, Arkansas, 72702. Notices to FRO provided herein shall be sufficient if sent by registered mail addressed to FBO at its regular mailing address, P.O. Box 1266,• Fayetteville, Arkansas, 72702. 20. THIS AGREEMENT shall inure to the benefit of and be binding upon the successors, assigns and legal representatives of the parties. IN WITNESS WHEREOF, the parties thereto have executed this agreement the year and date first above written. ATTEST ATTEST CITY OF FAYEITEV ARKANSAS C-7 64ie Mayor MODIFICATICK OF LEASE AGREEMENT This AGREEMENT made this 1987, by and between the City of called the "City" and Aero -Tech the "Fixed Base Operator (FRO)". day of 1 Fayetteville, Arkansas, hereinafter Services, Inc., hereinafter called WHEREAS, the City and Aero -Tech Services, Inc., entered into a lease agreement and fixed base operator's contract dated January 22, 1985, which lease agreement has been ncdified by subsequent agreements and is incorporated herein by reference thereto, and WHEREAS, the parties desire to further modify the aforesaid lease agreement. NOW, TORE, THE PARTIES MU1UAILY AGREE AS FOLLOWS: 1. Paragraphs 4(a) and (b) of said lease agreement are nwdified to provide that the consideration payable to the City which is due on or before the 10th day of the month shall hereafter become due on or before the 20th day of the month. 2. All provisions of the lease are incorporated herein and are hereby nullified to conform herewith but in all other respects are to be and shall continue in full force. IN WITNESS WHEREOF, the parties have executed this Modification of Lease on the day and year first above written. ATTEST ATTEST By: Title: CITY OF FAYETTEVILLF, ARKANSAS By: ealiejapearAls. Ist" Mayor AERO -TECH SERVICES, NC BY: thili �71►a* ►J✓ Title I • AiRea7 t eAst 4/10 aOAT%Zti cr/ �o -Tec% Strth aS, 7 • TEASE This LEASE executed on this /94- day of 1985, between the City of Fayetteville,' Arkansas, hereinafte 'called the "City" and Aero -Tech Services, Inc., hereinafter called the "Fixed Base Operator" (FBS). WHEREAS, the City owns and operates a Municipal Airport known as Drake Field, hereinafter call the "Airport", and WHEREAS, Aero -Tech Services, Inc., desires to establish a fixed base operation at the Airport and desires to use the facilities at the Airport in connection with its fixed base operation; and WHEREAS, the City has heretofore leased to the FBO a maintenance hangar, space in the Old Terminal Building, aircraft apron space, and a fuel farm to be constructed; and WHEREAS, the City is willing to lease to the FBO additional facilities t at the Airport. NOW, THEREFORE, IN CONSIDERATION OF THE MDTDAL COVENANTS CONTAINED HEREIN, THE PARTIES AGREE AS FOLLOWS: 1. LEASED ITEMISES.- The City hereby leases to the FBO, and 1 the FBO hereby leases from the City, the following: (a) The Old White Hangar Building, including all office space therein, at the Airport as designated on Exhibit "A" attached hereto and made a part hereof. (b) The aircraft apron space designated "FRO Aircraft Parking" on the plat attached hereto marked Exhibit "A" and made a part hereof. 2. AUIHORIZATICN. The City authorizes the FBD to use the foregoing demised premises in connection with its fixed base operation, which operation shall at all times conform to the City's Minimum Standards for Commercial Aeronautical Activities at Drake Field. Said standards are incorporated herein by reference thereto and made a part hereof as "if- set out word for word. The FBS may sublease any portion of the demised premises, but any sublease must first be approved by the City's Board Of Directors before execution. -2- 3. TERM. Subject to earlier termination as hereinafter provided, the term of this lease shall be for a period of three (3) years commencing on March 1, 1985. The City hereby grants the FB) an option to extend the term of this lease for up to three (3) additional three-year terms. Any such extension shall be subject to the terms of this agreement, including the escalator clause contained herein; provided, the consid- eration payable by the FRO shall be set by the City. The FB° shall give the City written notice of the FBO's intent to exercise this option at least sixty (60) days prior to the expiration of the original lease term or any extension thereof. Within fifteen (15) days from receipt of said notice, the City shall advise the FBO in writing as to the consideration payable if the lease term is extended. The FBO shall then have fifteen (15) days within which to exercise the option by giving written notice to the City. If, upon termination of this lease, the FBO continues to occupy the demised premises, a tenancy from month-to-month shall be deemed in effect, which tenancy may be cancelled by either party by giving thirty (30) days written notice. 4. CONSIDERATION. In consideration for the use of the demised premises, the FBS agrees to pay the City the sum of One Thousand Dollars ($1,000.00) per month in advance on or before the tenth (10th) day of each month. The consideration payable to Lessor for the year beginning March 1, 1986, shall be the amount resulting by adjusting the basic consideration payable during the initial year of this lease to reflect the percentage of change (either up or down) occurring in the Consumer Price Index, U.S. Bureau of Labor Statistics, Department of Labor, through comparing the index of December 31, 1985, with the index on December 31, 1984. The consideration payable to Lessor for the year beginning March 1, 1987,. shall be the amount resulting by adjusting the consideration payable for the year beginning March 1, 1986, to reflect the percentage of change (either up ,or down) occurring in the Consumer Price Index, U.S. Bureau of Labor Statistics, Department of Labor, through comparing the index of December 31, 1986, with the index on December 31, 1985. • -3- 5. neRovErens. Lessee shall bear the cost of all improvements or additions made to the interior or exterior of the Old White Hangar Building. No improvements or additions to any part of the said premises shall be made by Lessee without the prior written approval of the City's Airport Manager. Any signs to be erected on or attached to the leased premises must have the prior written approval of the City's Airport Manager. 6. NON-DISCRIMINATION. FBS will not, on the grounds of race, color, creed, national origin, sex or handicap discriminate or permit discrimination against any person or group of persons in any manner prohibited by Title VI of the Civil Rights Act of 1964 and Part 21 of the Regulations of% the Office of the Secretary of Transportation as such are now worded or may hereafter be amended. The City reserves the right to take such action as the United States Coven mEnt may direct to enforce this covenant. FBO agrees to furnish on a fair, equal and non -discriminating basis to all users thereof, and to charge fair, reasonable and non- discriminating prices for each unit of service. 7. DAMAGE OR casmumacti OF PREMISES. The City agrees to obtain and keep in force throughout the term of the lease fire and extended coverage insurance on the Old Terminal Building in an amount equivalent to the replacement cost of said building. If the White Hangar shall be condemned or destroyed by fire or other casualty, this lease shall terminate and the rent payable by FBO shall be prorated to the date of condemnation or destruction. In the event of damage or partial destruction by fire or other casualty, the City may terminate this lease by giving the FBO written notice of termination or the City may repair the White Hangar; during any period of repair, the rent shall be reduced by the same per centage as the damage to the White Hangar. Upon expiration of the lease term, the White Hangar shall be in substantially the same condition as on the execution date hereof, normal wear and tear excepted. • 8. UTILITIES. all utilities on the natural gas bills, -4- FBO shall be responsible for the payment of leased premises„ including electrical bills, water and sewer bills and sanitation services; provided, during the first the water and sewer bills. 9. MAINTENANCE. FBD will provide, at FBO's expense, all maintenance and custodial service for the Old White Hangar Building leased to FBO; provided, the City agrees that it will keep and maintain the exterior of the Old White Hangar Building, including the roof, exterior walls and exterior plumbing thereof, in good condition and repair, and agrees that if the roof or any part of the exterior walls or exterior plumbing of said building thereof shall became defective or damaged at any time during the term due to ordinary wear and tear and not due to negligence of HSJ or FBO's agents or customers, upon notice from the FBO, the City will immediately cause repairs to be made and restore the defective portions to good condition. The City shall not be responsible for, or pay for any expense which might arise due to, the installation and/or removal of antenna, radio signal or receiving towers or related facilities. FBO shall be responsible for the maintenance and normal operating condition of all heating, electrical and air conditioning equipment and interior plumbing on the premises used by FBO. The City shall be responsible only for major maintenance of the existing equipment. Major maintenance, as used herein, shall mean replacement of the heating and air conditioning units or compressor units when deemed necessary by the City. 10. TER4INATION BY JPSSFF. FBO may cancel this agreement upon ninety (90) days written notice to the City of its election to cancel upon the occurrence of any of the following events: (a) The Federal Aviation Administration or any other governmental agency significantly altering, operating requirements at Drake Field making FBO's operation undesirable. (b) Court action closing Drake Field for more than thirty (30) days. (c) Substantial and continued breach by Lessor of its obligation under this agreement. • year of this lease, the City shall pay -5- (d) Inability of FBD to utilize the facilities granted hereunder in a reasonable and useful manner due to action of Lessor or any court or administrative agency with jurisdiction. (e) Assumption of control of Drake Field by the United States Goveziment or any of its agencies that prevents Lessee's normal operations as a fixed base operator. NO WAIVER OR DEFAULT BY FBD OF ANY OF THE TERMS OR CONDITIONS HEREOF TO BE PERFORMED, KEPT AND OBSERVED BY THE CITY SHALL BE CONSTRUED TO BE OR ACT AS A WAIVER OF ANY SUBSEQUENT DEFAULT OF ANY OF THE TERMS OR CONDITIONS HEREIN CONTAINED TO BE PERFORMED, KEPT AND OBSERVED BY THE CITY. 11. TERMINANICN BY THE CITY. If FBO fails to make any payment due hereunder within thirty (30) days of the date on which such payment is due, the City may, at its option, terminate this agreement and take possession of so much of FBO's personal property as is reasonably necessary to secure payment of the amounts due and unpaid. The City shall also have the right to terminate this agreement in the event of any of the following: (a) The filing by FBO of a voluntary petition in bankruptcy; (b) The adjudication of FBO as a bankrupt pursuant to bankruptcy proceedings; (c) The appointment of a receiver of FHO's assets; (d) The divestiture of FBD's estate hereunder by operation of law; (e) The failure, by FBO, to meet the City's Minimum Standards for Commercial Aeronautical Activities at Drake Field within thirty (30) days from receipt of written notice frau the City. NO WAIVER OR DEFAULT BY THE CITY OF ANY OF THE TERMS OR CONDITIONS HEREOF TO BE PERFORMED, KEPT AND OBSERVED BY FBO SHALL BE (X)NSTRUED TO BE OR ACT AS A WAIVER OF ANY SUBSEQUENT DEFAULT OF ANY OF THE TERMS OR CONDITIONS HEREIN CONTAINED TO BE PERFORMED, KEPT AND OBSERVED BY FBO. 12. SORRENDER OF POSSESSION. On the expiration or other termination of this lease, FBO's rights hereunder shall cease and FBD shall surrender possession of the Premises granted herein in good condition except for usual and ordinary wear and tear. • -6- Except as otherwise provided in this agreement, all fixtures, improvements, equipment and other property brought, installed, erected or placed by FBO in, or about the Airport and the premises leased hereunder and affixed thereto shall be deemed the personalty and remain the property of the Ir . FBO shall have the right at all times during the term of this agreement and for an additional period of thirty (30) days after the expiration or other termination of this agreement to remove any or all of such property from the Airport, subject however, to FBO's obligations to repair all damage, if any resulting from such removal. Any and all property not removed by FBO prior to the expiration of the said thirty (30) days period shall thereupon become a part of the land on which it is located and title thereto shall thereupon be vested in Lessor. 13. INSURANCE FBO agrees to carry general public liability insurance and hangar keepers insurance in the following amounts: General public liability insurance $2,000,000 Hangar Keeper's liability insurance $2,000,000 FBO agrees to add the City as an insured under FBO's insurance policies at the Airport and to maintain said policies in force throughout the term of this lease. FBO shall file a certificate of insurance for all required insurance with the City Clerk. FBO agrees to notify the City in writing as to any amendments to or cancellation.of said policy. 14. The'outside storage of supplies or equipment on the leased premises shall be prohibited with the exception of equipment necessary to service air operations on the east side of the leased building. 15. FEDERAL GRANTS. In the event any of the activities of FBO affect the City in connection with its efforts to obtain grants or funds from federal agencies, the FBO agrees to conform its activities so as to afford the City the greatest amount of grant available so long as it does not materially prejudice FBO. • 4 • • • • -7- • 16. AGREEMENTS WITH GOVERNMENTAL AGENCIES. Should there be any agreements between the City and other governmental agencies concerning the operations contemplated herein by FBO, then such provisions of such agreements as affect the parties shall be deemed incorporated herein by reference. 17. Absolutely no portable buildings, mobile hones, or any other readily movable building shall be permitted on the demised premises without the prior written approval of the City's Airport Manager. 18. FBO shall fully comply with all rules, regulations and laws applicable to airports served by certificated air carriers and with all ordinances of the City. 19. NOTICES. Notices to the City provided herein shall be sufficient if sent by registered mail, addressed to the City's Airport Manager at, Postal .Drawer F, Fayetteville, Arkansas, 72702. Notices to FBO provided herein shall be sufficient if sent by registered mail addressed to FBO at its regular mailing address, P.O. Box 1266, Fayetteville, Arkansas, 72702. 20. THIS NaHMENT shall inure to the benefit of and be binding upon the successors, assigns and legal representatives of the parties. IN WITNESS WHEREOF, the parties thereto have executed this agreement the year and date first above written. `,. i� . „* r- « . .e e. ATTEST, ''A�_ _'44, ATTEST CITY OFFAYE1'IEV ARKANSAS FF Mayor RESOLUTION N. 20-85 A RESOLUTION AUTHORIZING THE MAYOR AND CITY ('T.FRK TO EXECUTE A LEASE WITH AERO -TECH SERVICES, INC., FOR THE OLD WHITE HANGAR BUILDING AT THE FAYETTEVIT.TP MUNICIPAL AIRPORT. *MICROFILMED BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF FAYETTEVILLE, ARKN AS: That the Mayor and City Clerk are hereby authorized and directed to execute a lease with Aero -Tech Services, Inc., for the Old White Hangar Building at the Fayetteville Municipal Airport. A copy of the lease agreement authorized for execution hereby is attached hereto marked Exhibit "A" and made a part hereof. PASSED AND APPROVED this 19th day of Orr 5 i *P÷.;E.'rt flTEST "t • �• .': February 1985.;