HomeMy WebLinkAbout54-87 RESOLUTIONAt
54-87
RESOLUTION NO.
A RESOLUTION AUTHORIZING THE MAYOR AND CITY
CLERK TO EXECUTE A LEASE WITH EDD CAUDLE d/b/a
AIRWAYS FREIGHT FOR REAL PROPERTY AT THE
FAYETTEVILLE MUNICIPAL AIRPORT.
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF
FAYETTEVILLE, ARKANSAS: e
That the Mayor and City Clerk are hereby authorized and
directed to execute a lease with Edd Caudle d/b/a Airways Freight
for real property at the Fayetteville Municipal Airport. A copy
of the lease authorized for ,execution hereby is attached hereto
marked Exhibit "A" and made a part hereof.
PASSED AND APPROVED this 4th day of August
e‘dozA-
APPROVED
By:
7 1987.
Mayor
9.40/44.4.4..diAJ
L E A S E
This LEASE executed this 4th day of
betweeil the City of .Fayetteville, Arkansas
"Lessor", and Edd Caudle, d/b/a Airways
called "Lessee".
MICROFILMED ,
•
August , 19 87 ,
, hereinafter called
Freight, hereinafter
WHEREAS, Liessor is the owner of an airport known as Drake
Field in the. City of Fayetteville, Arkansas, hereinafter referred
to as the "Airport"; and
WHEREAS, Lessee is engaged in the air freight business; and
__ • „-
WHEREAS, Lessor is willing to lease to Lessee a portion of
the Airport premises.
NOW, THEREFORE, in consideration of the mutual covenants and
conditions of this agreement, the parties agree as follows:
1. Lessor leases to Lessee, and Lessee leases from Lessor
for Lessee's sole andexclusive use for and during the term
hereinafter provided, an 18' x 58' tract of land located at the
Airport and more particularly specified as shown on Exhibit "A"
attached hereto and made. a.paft 'hereof, plus a customer parking
area located directlli" in front of and across from Lessee's
building.
2. Lessee has constructed on the demised premises described
in paragraph 1 above one building 18' x 58' in size. Lessee
agrees that the westernmost edge of said building shall front on
the existing fence line.
3. The term of this Lease shall begin on the 1st of August,
1987_, and shall end on July 31, 19 88 . Lessee agrees to pay
Lessor monthly rent of $ 280 00 1 payable in advance. All rent
imposed hereby shall be payable within ten (10) days from receipt
f ,fl In the event,of date- _
payment, a 10% penalty, compounded monthly, shall be due and
payable immediately.
4. Lessee agrees to observe
municipal laws, regulations, and
cable to Lessee's operation at the
and obey all federal, state, or
ordinances which may be appli-
Airport.
5. In the event an air freight facility is constructed at
Drake Field, this Lease shall terminate. Lessor agrees to lease
to Lessee available space in the new facility. The terms of any
lease for space shall be negotiated by Lessor and Lessee.
6. Lessee agrees to pay
not limited to, electricity,
service.
for all utilities, including but
gas, water, sewer, and sanitation
• 7. Lessee agrees not to discriminate against any worker,
employee, or applicant because of race, creed, color or national
origin.
-8.tr-CeiosEeTiasccb-that-if---TTtheradministratoror-the-rederar
Aviation Agency or the Director of the State Department of
Aeronautics. or any other governmental office or body having
jurisdiction over the enforcement of the obligations of Lessor in
connection with federal or state airport aid shall make any
orders, recommendations, .or suggestions restricting the perfor-
mance by Lessee of its obligations under this Agreement, Lessee
shall have the option of promptly complying therewith, at the time
or times when and to the extent Lessor may direct, or Lessee shall
have the option of cancelling this Lease.
Et
9. Lessee shall at all times keep and hold.Lessor harmless
from any and all claims and demands, losses and expense arising
out of, or connected with, Lessee's operations, or as a result of
anything claimed to be done or omitted to be done by Lessee,
provided Lessor shall in each instance give Lessee prompt written
notice of any such claim or demand; and Lessor shall cooperate
with Lessee in the investigation of such claim.
10. Lessee agrees not to assign, transfer, sublease, pledge,
or otherwise encumber or dispose. of this Lease, or permit any
person or persons, company or corporation to occupy the demised
premises without the written consent of Lessor, which consent
t.,,Ititwflshall,not_betunreasonably withhelthby-Lessor. t
11. Either party may terminate this Lease by giving the
other party thirty (30) days advance written notice of termina-
tion.
12. Lessee shall maintain in full force and effect at all
times during the term of this Lease fire and extended insurance
providing coverage in a minimum amount of $500,000. Said in-
surance policy shall list Lessor as an additional insured. Lessee
shall provide Lessor with a certificate of insurance evidencing
such coverage.
IN WITNESS WHEREOF, the parties have executed this agreement
of the date first above written.
CITY OF FAYETTEVILLE, ARKANSAS
LESSOR
By:
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