Loading...
HomeMy WebLinkAbout117-05 RESOLUTION• RESOLUTION NO. 117-05 A RESOLUTION APPROVING A CONTRACT WITH WOOLSEY AVIATION, d/b/a MILLION AIR FAYETTEVILLE TO PROVIDE AVIATION FUELING AND OTHER SERVICES AT THE FAYEFIEVILLE MUNICIPAL AIRPORT; AND APPROVING A BUDGET ADJUSTMENT IN THE AMOUNT OF $24,000.00. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. That the City Council of the City of Fayetteville, Arkansas hereby approves a Contract with Woolsey Aviation, d/b/a Million Air Fayetteville to provide aviation fueling and other services to the Fayetteville Municipal Airport. A copy of the Contract, marked Exhibit "A" is attached hereto and made a part hereof. Section 2. That the City Council of the City of Fayetteville, Arkansas hereby approves a budget adjustment in the amount of $24,000.00. PASSED and APPROVED this 21st day of June 2005. ��,,,,,RK/TR ,,,,, APPROVE sGt1YOp•G,p, U• �. ;FAYETTEVILLE' = By: ;moi• •�� ATTEST: By: SONDRA SMITH, City Clerk DAN COODY, Mayor • 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 Section • • TABLE OF CONTENTS Caption/Heading Page 1 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 9 Transfer of Woolsey Aviation, Inc., Title and Interest to the Airport 10 FAA Approval 11 Force Majeure 12 Security Control 13 Hazardous Waste/Substances 14 Utilities — Installation and Service Charges 15 Taxes 16 Indemnification and Insurance 17 Maintenance 18 Advertising 19 Fixtures and Improvements 20 Assignment 21 Disadvantaged Business Enterprise (DBE) Assurances... 22 Non -Discrimination 23 Default 24 Right to Terminate not Exclusive 25 Termination by Woolsey Aviation, Inc. 26 Attorney Fees 27 Protection from Violation — Moral Purposes 28 Rules and Regulations 29 Quiet Enjoyment 30 Estoppel Certificate 14 15 15 15 15 16 19 20 20 22 22 22 23 23 23 23 25 26 26 26 27 27 28 Notices 28 Invalidity of Particular Provisions 29 General Terms 29 31 32 33 2 • • 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 Attachment #1 Attachment #2 Attachment #3 Airport Owned Equipment Formula for Rental Increases "The Minimum Standards for Fayetteville Municipal Airport Drake Field" 3 • • 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 a154- day of duns., , 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 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 1st 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. 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 I, 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 • Year 1 @ $2,000.00 per month Year 2 @ $2,250.00 per month Year 3 @ $2,500.00 per month Year 4 @ $2,750.00 per month Year 5 @ $3,000.00 per month The tenant shall provide utilities to the building including water, sewer, electric and gas service. The Airport shall provide solid waste removal. • August 1, 2005 -July 31, 2006 August 1, 2006 -July 31, 2007 August 1, 2007 -July 31, 2008 August 1, 2008 -July 31, 2009 August 1, 2009 -July 31, 2010 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 #1 and contains the approximate fair market value of each item. The 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. 5.9 Payment of Revenues Collected for the Airport. During the Term of this Lease, Woolsey Aviation, Inc. covenants and agrees to remit to the Airport, no later than the tenth (10`h ) 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. 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. 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 Term 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 Equipment. 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 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 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 procedures of air carvers, 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 hangaring 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 I1 • • 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 Towing/Clearing 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, hacks, 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 Emergency 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 Pricing. 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 • • Self Serve pricing shall be in accordance with the approved airport pricing formula. 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 acknowledges, 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 Operating 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 Majeure. 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 • 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. 13. Hazardous Waste/Substances. 13.1 Definitions. The term "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 Term 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 Program. 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. (a) The indemnification provided in this paragraph shall 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 govemmental 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 employees during the term of the Lease; and (ii) the further limitation that any investigation, 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 conceming 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 or employee of Woolsey Aviation, Inc. during the Term. 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 from: (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 term 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 ($5,000,000.00) combined single limit for injury (or 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 forany 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. Assignment. 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. Disadvantaged 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 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. M 23.3 Right 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 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 fees 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 term, 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 S 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. 29. Ouiet Enioyment. 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 -first 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; pal 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. Estoppel Certificate. Either party 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: W 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, PresidentiCEO 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 benefit of the parties hereto, and their successors and assigns, as other wise provided in other paragraphs hereof. 33.2 Captions and Headings. Captions of the Articles, Sections or paragraphs of this Lease are for convenience and reference only, and the words contained therein shall in no way be held to explain, modify, amplify or aid in the interpretation, construction or the meaning of the provisions of this Lease. 33.3 Modifications: Any modifications to this lease shall be in writing and signed by all the parties hereto. 33.4 Counterparts. This lease may be executed in multiple counterparts, each of which shall be deemed an original. 33.5 Choice of Law. This lease shall be interpreted in accordance with the law of the State of Arkansas. 33.6 Time is of the Essence. Time is of the essence of this lease. 33.7 Waiver of Defaults. No failure by either Woolsey Aviation, Inc. or the Airport to insist upon the strict performance of the other party of any covenant, agreement term or condition of this Lease or to exercise any remedy consequent upon a breach thereof shall constitute a waiver of any such breach or of such covenant, agreement, term or condition. No waiver of any breach shall effect or alter this Lease, but each and every covenant, condition and term of this Lease shall continue in fall force and effect with respect to any other then existing subsequent breach. 33.8 Entire Agreement. Unless modified or supplemented in writing and signed by the party or parties to be charged, this lease constitutes the entire agreement between the parties. Except as aforesaid, any other understandings, agreements or negotiations are deemed merged herein and shall be interpreted in accordance with the law of the State of Arkansas. 33.9 Miscellaneous. None of the foregoing terms, covenants, obligations or conditions shall survive the expiration or the earlier termination of their Lease, except for those obligations continued in Section 14 hereof, which obligations shall survive such expiration or earlier termination for a period of one (1) year. 30 S 1► WITNESS the execution hereof by the parties hereto, in any number of counterpart copies each of which counterpart copies shall be deemed as an original for all purposes, as of the day and year first above written. Cr FA . . ..: '�,\tv O,o'.G,P% By .cam, ;FAYETfEVILLE; WOO AVIATION, INC., INC. By: Roger Woolsey President/CEO ATTES B: Pa Milarn ice e&ident ATTES By: ondra Smith, City Clerk 31 S City of Fayetteville, Arkansas Budget Adjustment Form Budget Year Department: General Government Date Requested Adjustment Number 2005 Division: Aviation & Economic Development 6/21/2005 Program: Airport Revenue Project or Item Added/Increased: Project or Item Deleted/Reduced: $24,000 in Fixed Base Operator account $19,200 in Jet Fuel Revenues account $4,800 in Avgas Revenues account Justification of this Increase: The City will contract with a private entity, Woolsey Aviation, DBA: Million Air Fayetteville, to provide the fueling & FBO services at the Airport. lustification of this Decrease: The City will no longer sell aviation fuel once the Contract commences. Increase Expense Budget (Decrease Revenue Budget) Account Name Account Number Amount Project Number Jet Fuel revenues 5550 0955 4456 02 19,200 AVGAS rvenues 5550 0955 4456 01 4,800 Decrease Expense Budget (Increase Revenue Budget) Account Name Account Number Amount Project Number Fixed base operator 5550 0955 4454 00 24,000 Approval Signatures -3 -off Requested B Date Finance & Int 1 ervice ecto Date Mayor Da e Budget Office Use Only Type: A B C D Date of Approval Posted to General Ledger Posted to Project Accounting Entered in Category Log E Initial Date Initial Date Initial Date Initial Date CI rQe5 6/21 /at //7 CITY COUNCIL AGENDA MEMO TO: Mayor and City Council THRU: Staff/Contract Review tvoo)Sty 4viafl0n/ f11t-Ilion 4i FyJ City Council Meeting of: June 21, 2005 Agenda Item Number: FROM: Ray M. Boudreaux, Director, Aviation and q(conomic Development DATE: June 2, 2005 SUBJECT: FBO Line Service contract with Woolsey Aviation Inc., dba Million Air of Fayetteville at the Fayetteville Municipal Airport, Drake Field RECOMMENDATION: Approve contract with Woolsey Aviation Inc., dba Million Air of Fayetteville to perform duties as the fuel and line service FBO at the Fayetteville Municipal Airport, Drake Field. BACKGROUND: The City of Fayetteville Selection Committee selected Woolsey Aviation, Inc. as the best respondent to the solicitation issued by the Fayetteville Municipal Airport for a fuel and line service FBO. Staff was directed to negotiate an agreement. The negotiating committee was composed of the current board chair, Bob Nickle, the past chair Doc Wallace and the Director. At special meeting June 2, 2005, the Airport Board voted to accept the contract with Woolsey Aviation, Inc. and voted to send it to the City Council recommending approval. DISCUSSION: The terms of the agreement require Woolsey Aviation to provide typical first class FBO services and to pay the Airport $.10 per gallon for fuel received and stored in the airport fuel farm. It also requires the company to pay for terminal space and the FBO Hangar and those rental rates graduate over a five year period. Woolsey Aviation, Inc. is required to contribute financially to the improvements to the terminal space. They are additionally required to honor current agreements to the greatest extent possible and to use based businesses whenever possible. Woolsey Aviation Inc. will give employees of the City an opportunity to work for Million Air of Fayetteville and all three are considering their offer. The airport will make necessary repairs and some improvements to the fuel farm before turnover. Once in possession of Woolsey Aviation, maintenance and repair is their responsibility. Aviation and Economic Development Department Fayetteville Municipal Airport, Drake Field 4500 South School Avenue, Suite F Fayetteville, Arkansas 72701 Ray M. Boudreaux, Director S 0 BUDGET IMPACT: The Airport has continued to make progress in growing the airport business. It is now the time to move on to the next level and we are fortunate to have a company wishing to take on the challenge. Private enterprise will allow the airport staff to concentrate on compliance and development issues while leaving the service to Woolsey Aviation. Total reduction in budget includes all expenses of the operations area. An agreement for the use/disposition of the FBO associated equipment will proceed very soon under the contract provisions. Initial revenue should reach $76,000 the first 12 months with no expense in the operations program of the airport budget. ($36,000 in rent and $40,000 in fuel) Last year's revenue over expenses in the fueling operation was $42,953.03, a net gain. The new contract will increase the net revenue to the airport. An additional benefit is the reduction in the expenses associated with the fueling operation. The airport will expend some capital money in improvements to the terminal space. There is a project in the Capital Program for improvements to the terminal at $300,000.00. This project is eligible for State Aeronautics grant support. Woolsey Aviation will spend approximately $150,000 toward the terminal project. Attachments: Contract Staff Review Form Budget Adjustment Aviation and Economic Development Department Fayetteville Municipal Airport, Drake Field 4500 South School Avenue, Suite F Fayetteville, Arkansas 72701 Ray M. Boudreaux, Director RESOLUTION NO. A RESOLUTION APPROVING A CONTRACT WITH WOOLSEY AVIATION, d/b/a MILLION AIR FAYETTEVILLE TO PROVIDE AVIATION FUELING AND OTHER SERVICES AT THE FAYETTEVILLE MUNICIPAL AIRPORT; AND APPROVING A BUDGET ADJUSTMENT IN THE AMOUNT OF $24,000.00. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. That the City Council of the City of Fayetteville, Arkansas hereby approves a Contract with Woolsey Aviation, d/b/a Million Air Fayetteville to provide aviation fueling and other services to the Fayetteville Municipal Airport. A copy of the Contract, marked Exhibit "A" is attached hereto and made a part hereof. Section 2. That the City Council of the City of Fayetteville, hereby approves a budget adjustment in the amount of $24,000.00. PASSED and APPROVED this 215' day of June 2005. APPRO 4 I a Arkansas J 0 CITY OF FAYETTEVILLE FAYETTEVILLE MUNICIPAL AIRPORT ESTIMATE OF OPERATIONS REVENUE CONTRACT WITH MILLION AIR 30000 gallons/mo X .10 X 4mo (Sep -Dec '05) 12,000 Terminal Rent @ $1000 mo X 4 mo 4,000 FBO Hangar Rent @ $2000 mo X 4 mo 8,000 24,000 O// i/ar 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 Page 1 Consideration.................................................... 4 2 3 Demised Premised............................................. Use............................................................... 5 5 4 5 6 7 8 Term............................................................. Rental............................................................ Minimum Annual Fees ........................................ Lease Requirements ........................................... Improvements and Alterations ................................ 6 6 8 8 14 9 Transfer of Woolsey Aviation, Inc., Title and Interest to the Airport ............................................ 15 10 FAA Approval .................................................. 15 11 12 13 Force Maj eure................................................... Security Control ................................................ Hazardous Waste/Substances................................. 15 15 16 14 15 16 17 18 19 20 Utilities — Installation and Service Charges ................ Taxes............................................................. Indemnification and Insurance ................................ Maintenance..................................................... Advertising................................. Fixtures and Improvements .................................... Assignment...................................................... 19 20 20 22 22 22 23 21 Disadvantaged Business Enterprise (DBE) Assurances... 23 22 Non -Discrimination ............................................. 23 23 24 Default............................................................ Right to Terminate not Exclusive .............................. 23 25 25 26 27 Termination by Woolsey Aviation, Inc ...................... Attorney Fees ..................................................... Protection from Violation — Moral Purposes ................. 26 26 26 28 Rules and Regulations ........................................... 27 29 Quiet Enjoyment .................................................. 27 30 Estoppel Certificate ............................................... 28 31 32 33 Notices............................................................. Invalidity of Particular Provisions .............................. General Terms ..................................................... 28 29 29 2 0 0 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 Attachment #1 Airport Owned Equipment Attachment #2 Formula for Rental Increases Attachment #3 "The Minimum Standards for Fayetteville Municipal Airport Drake Field" . S 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 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 0 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 sday 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 0 r 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 #1 and contains the approximate fair market value of each item. The 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 0 0 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. 5.9 Payment of Revenues Collected for the Airport. During the Term of this Lease, Woolsey Aviation, Inc. covenants and agrees to remit to the Airport, no later than the tenth (10th ) 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 (15th) 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 S 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 Term 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 Equipment. 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. M 0 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 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 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 procedures 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 hangaring 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 0 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 Towing/Clearing 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 Safe . 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 0 7.11 Emergency 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 Pricing. 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 I 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 terns and conditions of the Lease Agreement or violate FAA regulations. The Airport acknowledges, 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 Operating 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 • 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. 13. Hazardous Waste/Substances. 13.1 Definitions. The term "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 T S 61 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 Term 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 Program. 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. (a) The indemnification provided in this paragraph shall 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 employees during the term of the Lease; and (ii) the further limitation that any investigation, 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 or employee of Woolsey Aviation, Inc. during the Term. 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 from: (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 0 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 term 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 famish 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 ($5,000,000.00) combined single limit for injury (or 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. Assignment. 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. Disadvantaged 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 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 23.3 Right 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 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 fees 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 term, 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 wo 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. 29. Quiet Enjoyment. 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 encumbrance, reservatio reversionary interest, lien, hereinafter, "Title Defect" Woolsey Aviation, Inc.'s Demised Premises; easement, right-of—way, covenant, 1, restriction, right -of -first refusal, mortgage, title defect, etc. (collectively ), that would materially affect or impair proposed development or use of the 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. Estoppel Certificate. Either party 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: 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 tern and revision of this Lease shall not be affected thereby, and each tern 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 benefit of the parties hereto, and their successors and assigns, as other wise provided in other paragraphs hereof. 33.2 Captions and Headings. Captions of the Articles, Sections or paragraphs of this Lease are for convenience and reference only, and the words contained therein shall in no way be held to explain, modify, amplify or aid in the interpretation, construction or the meaning of the provisions of this Lease. 33.3 Modifications: Any modifications to this lease shall be in writing and signed by all the parties hereto. 33.4 Counterparts. This lease may be executed in multiple counterparts, each of which shall be deemed an original. 33.5 Choice of Law. This lease shall be interpreted in accordance with the law of the State of Arkansas. 33.6 Time is of the Essence. Time is of the essence of this lease. 33.7 Waiver of Defaults. No failure by either Woolsey Aviation, Inc. or the Airport to insist upon the strict performance of the other party of any covenant, agreement term or condition of this Lease or to exercise any remedy consequent upon a breach thereof shall constitute a waiver of any such breach or of such covenant, agreement, term or condition. No waiver of any breach shall effect or alter this Lease, but each and every covenant, condition and term of this Lease shall continue in full force and effect with respect to any other then existing subsequent breach. 33.8 Entire Agreement. Unless modified or supplemented in writing and signed by the party or parties to be charged, this lease constitutes the entire agreement between the parties. Except as aforesaid, any other understandings, agreements or negotiations are deemed merged herein and shall be interpreted in accordance with the law of the State of Arkansas. 33.9 Miscellaneous. None of the foregoing terms, covenants, obligations or conditions shall survive the expiration or the earlier termination of their Lease, except for those obligations continued in Section 14 hereof, which obligations shall survive such expiration or earlier termination for a period of one (1) year. 30 • I WITNESS the execution hereof by the parties hereto, in any number of counterpart copies each of which counterpart copies shall be deemed as an original for all purposes, as of the day and year first above written. CITY OF FAYETTEVILLE FAYETTEVILLE, ARKANSAS By: Dan Coody, Mayor ATTEST By: Sondra Smith, City Clerk WOOLSEY AVIATION, INC., INC. By: Roger Woolsey President/CEO ATTEST By: Paul Milam, Vice President 31 • r FBO EQUIPMENT LIST Aircraft Tug Aircraft tow bar Aircraft De Ice Cart Aircraft Marshalling Wands Aircraft Chocks Air Frequency Radios 5 ea Air Frequency Base Station Radio 1 ea City Radios 3 ea Luggage Carts 2 ea Jet Fuel Truck (AVFUEL) AVGAS Fuel Truck (AVFUEL) Aircraft Power Cart Aircraft Battery Cart Air Compressor Pilot Supply Cases Ice Machine Flight Planning Desk Fax Machine Microwave Big Screen TV Wall mounted TV's (2 ea) De-ice pump Air Stairs Attachment #1 • Formula for Rental Increases Rent adjustments shall be made as of the commencement of each of the Dates Upon Which Rent Increases Apply and shall be determined by the following formula: Rent as last so increased under this Lease multiplied by: I + Current Index - Base Index Base Index plus: one percent (1%) of the Rent as last so increased under this Lease Where, "Current Index" shall be the CPI (D-1 Consumer Price Index All City Average, ""all items groups, subgroups and special groups, "published monthly in the Monthly Labor Review ofthe Bureau of Labor Statistics of the United States Department of Labor) for the month immediately prior to the applicable Dates Upon which Rent Increases Apply, and Base Index shall be the CPI for the month immediately prior to the Commencement Date or the most recent Dates Upon Which Rent Increases Apply, whichever is applicable. In no event, however, shall the Rent for any period be less • than the Rent as last so increased under this Lease. In the event that such CPI is no longer published or otherwise available, the adjustment provided for herein shall be by the successor (or the most nearly comparable successor index) thereto, adjusted as appropriate to the applicable dates. Attachment #2 WITNESS the execution hereof by the parties hereto, in any number of counterpart copies each of which counterpart. copies shall be deemed as an original for all purposes, as of the day and year first above written. CITY OF FAYETTEVILLE FAYETTEVILLE, ARKANSAS By: Dan Coody, Mayor ATTEST By: Sondra Smith, City Clerk WO AVIATION, INC., INC. B Milam Vice President ATTEST By: ? L/z& ura Williams Administrative Assistant 0 WITNESS the execution hereof by the parties hereto, in any number of counterpart copies each of which counterpart. copies shall be deemed as an original for all purposes, as of the day and year first above written. CITY OF FAYETTEVILLE FAYETTEVILLE, ARKANSAS By: Dan Coody, Mayor ATTEST By: Sondra Smith, City Clerk WO AVIATION, INC., INC. Milam Vice President ATTEST By: C -'/ aura Williams Administrative Assistant 'is FBO EQUIPMENT LIST Aircraft Tug Aircraft tow bar Aircraft De Ice Cart Aircraft Marshalling Wands Aircraft Chocks Air Frequency Radios 5 ea Air Frequency Base Station Radio 1 ea City Radios 3 ea Luggage Carts 2 ea Jet Fuel Truck (AVFUEL) AVGAS Fuel Truck (AVFUEL) Aircraft Power Cart Aircraft Battery Cart Air Compressor Pilot Supply Cases Ice Machine Flight Planning Desk Fax Machine Microwave Big Screen TV Wall mounted TV's (2 ea) De-ice pump Air Stairs Attachment #1 t • • Formula for Rental Increases Rent adjustments shall be made as of the commencement of each of the Dates Upon Which Rent Increases Apply and shall be determined by the following formula: Rent as last so increased under this Lease multiplied by: 1 + Current Index - Base Index Base Index •plus: one percent (1%) of the Rent as last so increased under this Lease Where, "Current Index" shall be the CPI (D -I Consumer Price Index All City Average, "all items groups, subgroups and special groups, "published monthly in the Monthly Labor Review ofthe Bureau of Labor Statistics of the United States Department of Labor) for the month immediately prior to the applicable Dates Upon which Rent Increases Apply, and Base Index shall be the CPI for the month immediately prior to the Commencement Date or the most recent Dates Upon Which Rent Increases Apply, whichever is applicable. In no event, however, shall the Rent for any period be less than the Rent as last so increased under this Lease. In the event that such CPI is no longer published or otherwise available, the adjustment provided for herein shall be by the successor (or the most nearly comparable successor index) thereto, adjusted as appropriate to the applicable dates. Attachment #2 • • FAY.ETTEV ILLE AIRPORT ADMINISTRATION OFFICE - THE CITY OF FAYETTEVILLE, ARKANSAS MEMORANDUM TO FILE TO: TENANTS AND USERS OF FAYETTEVILLE M FROM: RAY BOUDREAUX, DATE: APRIL 19, 2005 SUBJECT: "THE MINIMUMSTANDARDS FOR I FAYETTEVILLE M JNHCIPAL AIRPORTDR4KE FIELD" Please be advised by this memo the "The Minimum Standards for Fayetteville Municipal Airport Drake Field" has been amended by the following. Delete sentence on Page 9 that states: "Public sale of automobile gas for use in aircraft will not be permitted on the Airport ". The sale of auto fuel on Fayetteville Municipal Airport was established by the following. The City of Fayetteville Council, by Resolution # 32-04 passed and approved on March 2, 2004 (copy attached), a contract to install an 87 octane MoGas pump at the aviation fuel service facility at Fayetteville Municipal Airport. The Airport Board reviewed the proposed contract and forwarded the contract to the City Council for approval. 4500 SOUTH SCHOOL AVENUE, SUITE F • AIRPORT TERMINAL BUILDING FAYETTEVILLE, AR 72701 ci FAYETTEVILLE MUNICIPAL AIRPORT - DRAKE FIELD 4500 S. SCHOOL AVENUE, SUITE F FAYETTEVILLE, ARKANSAS 72701 THE MINIMUM STANDARDS FOR FAYETTEVILLE MUNICIPAL AIRPORT DRAKE FIELD ORIGINALLY ADOPTED: February. 16, 1981 Resolution 25-81 AMENDED: May,18,1993 Resolution 50-93 UPDATED AND REPLACED BY: June 6, 2000 Resolution 78-00 AMENDED: December 5, 2000 Resolution 16240 UPDATED AND REPLACE BY: January 6, 2004 Resolution 1 TABLE OF CONTENTS INTRODUCTION STATEMENT OF POLICY SECTION 1: DEFINITIONS SECTION 2: GENERAL USE AGREEMENT SECTION 3: GENERAL REQUIREMENETS SECTION 4: PENALTIES SECTION 5: APPLICATIONS SECTION 6: NOTICE SECTION 7: LEASE/CONTRACT/PERMIT SECTION 8: GENERAL REQUIREMENTS SECTION 9: BASIC LEASE TERMS AND CONDITIONS SECTION 10: AMENDMENTS TO STANDARDS AND NOTICES ATTACHMENT 1: LEASE APPLICATION FORM 2 PAGE 3 3 4 5 5 12 13 13 14 14 16 fY= fE;m • THE MINIMUM STANDARDS FOR • FAYETTEVILLE MUNICIPAL AIRPORT, DRAKE HELD • FAYETTEVILLE, ARKANSAS INTRODUCTION In order to encourage and ensure the provision of adequate services and facilities, the economic health of, and the orderly development of aviation and related aeronautical activities at the Fayetteville Municipal Airport, Drake Field, the City of Fayetteville as proprietor, sponsor and operator of the airport establishes these minimum standards and requirements ("minimum standards'). The following sections set forth the minimum standards prerequisite to a person or entity operating upon and engaging in one or more activity upon the airport. The minimum standards are not intended to be all-inclusive. Any person or entity engaging in activities at the airport will be required to comply with all applicable federal, state and local laws; ordinances; codes; and other similar regulatory measures to. such activities and these Minimum Standards. STATEMENT OF POLICY The Fayetteville Municipal Airport, Drake Field Administration intends to operate, manage, plan, finance and develop the airport for its long-term financial viability and safety in a manner consistent with generally accepted airport practices and applicable federal, state and local policies and regulations. Accordingly, all entities wishing to• perform aeronautical and /or commercial, and /or any other activities at the airport shall be accorded a fair and reasonable opportunity, without unlawful discrimination, to qualify and to compete (if applicable) to occupy available facilities at the airport. The granting of rights and privileges to individuals and businesses will not be construed in anymanner as affording any operator any exclusive right for use of the premises and/or facilities at the airport other than those premises which may be leased exclusively to any operator, and then only to the extent • provided in a written lease and/or permit. While the airport director has the authority to manage the airport (including the authority to interpret, administer, and enforce airport agreements and airport owner policies and the authority to permit temporary, short term occupancy of the airport), the ultimate authority to grant the occupancy and use of the airport real estate or permits allowing for the conduct of all activities, and to approve, amend or supplement all leases and permits is expressly reserved to the City of Fayetteville City Council after • the advice and council of the Airport Board. 3 SECTION 1: DEFINITIONS As used herein, the following terms shall have the meaning listed: AIRPORT LAYOUT PLAN: - (ALP) Developed by the Airport Director in consultation with the Airport Board. AIR OPERATIONS AREA: - (AOA) That portion of the Airport designated for use by aircraft and including all runways, taxiways, ramps, aprons and any other areas so delineated for use by aircraft, inside the perimeter fence. AERONAUTICAL ACTIVITY: - Shall mean any activity which involves, makes possible, or is required for the operation of aircraft or which contributes to, or is required for, the safety of such operations and shall include, but not by way of limitation, all activities commonly conducted on airports, such as charter operations, pilot training, aircraft rental, sight seeing, aerial photography, crop dusting, aerial advertising and surveying, air carrier operations, aircraft sales and services, sale of aviation petroleum products, whether or not conducted in conjunction with other included activities, repair and maintenance of aircraft, sale of aircraft parts, sale of maintenance of aircraft accessories, radio, communication and navigation equipment and any other activity which, because of its direct relationship to the operation of aircraft, can appropriately be regarded as an "aeronautical activity". AIRCRAFT: - Any contrivance now known or hereafter invented, used or designed for navigation of or flight in the air. AIRPORT: - Shall mean Fayetteville Municipal Airport, Drake Field, Fayetteville, Arkansas owned and operated by the City of Fayetteville as a Department. AIRPORT BOARD: - Shall mean the seven member board, appointed selected by the Fayetteville City Council to provide guidance for Airport operations and practices and procedures. AIRPORT DIRECTOR: - Shall mean the Manager or Director of the Airport as designated by the City of Fayetteville. AIRPORT TRAFFIC AREA: - Shall be as defined in the current Federal Aviation Regulations, Part 1, and as such maybe amended from time to time. CITY COUNCIL: - Shall mean the City of Fayetteville, Arkansas, Council as duly constituted at any time. DRIVER: - Any person who is in actual physical control of a vehicle. MN1MUM STANDARDS: - The requirements, standards, rules and regulations established herein, as amended from time to time by the City Council upon recommendation of the Airport Board, J setting forth the minimum requirements to be met as a condition for the right to conduct any activity on the Airport. MOTOR VEHICLE: - any ground vehicle that is self-propelled. MOVEMENT AREA: - the area which is under the direct control of the tower, it includes 500 feet perpendicular to and either side of the runway centerline, 200 feet outward from each threshold and a 118 foot area which encompasses each taxiway. EN I TY. - Any person, firm, partnership, corporation, company or association; and including any trustee, receiver of similar representative thereof. PILOT: - Any person who is responsible for control of an aircraft. SECTION 2: GENERAL USE AGREEMENT No entity, incorporated or otherwise, shall conduct any activity at the Fayetteville Municipal Airport, Drake Field, unless a valid agreement authorizing such activity has been entered into between the entity and the City of Fayetteville. The agreement will present the terms and conditions under which the activity will be conducted at the airport, including but not limited to: term of the agreement, rent charges, fees and other charges, and the rights and obligations of the respective parties. SECTION 3: GENERAL REOUIREMENTS The following general requirements shall apply to all activities at the Airport: FEDERAL AIR TRAFFIC RULES • The rules of the Federal Aviation Administration for aircraft operated anywhere in the United States, and presently or hereafter effective, are hereby referred to, adopted and made a part hereof as though fully set forth and incorporated herein. SAFEGUARD OF PERSONS AND PROPERTY The Airport Director or his/her designated representative shall at all times have authority to take necessary legal actions to safeguard any person, aircraft, equipment or property at the Airport. LEASE OF AIRPORT PROPERTY. The City of Fayetteville may lease property within the building area or other portions of the Airport for the construction of hangars, buildings, aprons, taxiways and auto parking lots in accordance with the approved Airport Layout Plan. 5 H Leased land from which any building, hangar, or structure is removed after due notice will be cleaned and put back to the condition as originally received by the Lessee. Lease applications will be submitted through the Airport Director's Office for approval. Following review by the Airport Director and the Airport Board, applications will be processed through the City's Contract Review Committee and the City Attorney for signature by the Mayor. The exceptions will be the standard leases, such as T -Hangar Leases, etc., which, following review and approval by the Airport Director, will be forwarded through the City's Contract Review Committee for the Mayor's signature. All applications for sub -lease or assignment must be submitted to the Airport Director for. approval, then forwarded through the City's Contract Review Committee for the Mayor's signature. No structures may be erected beyond the building restriction line or in conflict with the approved Airport Layout Plan, unless revision are made to the Plan and approved by the FAA. Fuel Flowage Fees: A fuel flowage fee will be charged for all fuel dispensing activities based on the established City Ordinance, Title IX (9), Chapter 91.16 currently approved and placed in effect by the City Council. Lien for Charges: A lien for charges may be used to enforce the payment of any charge made for repairs, routine invoicing, improvements, storage or care ofanypersonal property, made or furnished by the City or its agents, in connection with the operation of the Airport. The City shall have a lien upon such personal property, which shall be enforceable as provided by law. Lien Possessory Right: A lien possessory right maybe used to enforce the non-payment of charges. The Airport Manager may retain possession ofpersonal property until all reasonable, customary and usual compensation shall have been paid in full. Unauthorized Signs and Equipment No signs or . non -aeronautical equipment or portable buildings/house trailers may be erected, moved in or installed on the Airport property except as may be specifically authorized by the Airport Director, in accordance with the City of Fayetteville Sign Ordinance. Surreptitious Activities• Any person observing suspicious, unauthorized or criminal activities must report such activities immediately to the Airport Administration or Police. Wrecked/Damaged/Disabled Aircraft: The owner of any aircraft damaged as a result of an accident shall be responsible for the prompt removal of the aircraft following release by the FAA or the .National Transportation Safety Board. No aircraft in a non -airworthy condition so disabled as to give the appearance of a wrecked plane, or otherwise so damaged as to be unsightly, shall at any time be parked or tied down out of doors in public view, except with specific authorization by the Airport Director. N • Damage to Airport: Any entity, and/or the owner of any aircraft or vehicle causing damage of any kind to the Airport or airport facilities shall be liable to the Airport. Iniury to Persons: Persons entering upon Airport grounds do so at their own risk and with no • liability incurring to the Airport for any injury or damage to person or property. Further, anyperson • desiring to use the Airport shall observe and obey all valid laws, resolutions, orders, rules and • regulations promulgated and enforced by the Airport or by any authority having jurisdiction over the • conduct and operation of the Airport including the FAA. It shall be incumbent upon the user/tenant to be familiar with these regulations. • Pilots: Only properly licensed persons holding current airman and medical certificates issued by the FAA shall be authorized to operate aircraft upon the Airport. This limitation shall not apply to properly licensed sport pilots, ground operations byproperly trained and qualified person, students in • training while under the supervision of licensed instructors, or to public aircraft of the Federal • Government or of a State, territory or political subdivision thereof, or to aircraft licensed by a foreign government with which the United States has a reciprocal agreement covering the operation of such licensed aircraft. NOTE: Use of the Airport by ultralight vehicles/motorless aircraft without operational contact with • the ATCT shall be subject to prior approval by the Airport Director and shall be in accordance with • FAR PART 103 and any other rules set by the Airport. Ultra -light operators must be familiar with traffic pattern procedures and shall maintain radio contract with the Air Traffic Control Tower. • Intoxicants and Narcotics Prohibited: No person under the influence of an intoxicant or narcotic shall operate or fly in any aircraft upon or over the Airport; provided however, such prohibition shall • not apply to a passenger when accompanied by a nurse or caretaker in an aircraft apart from the pilot. Foreign Objects: No foreign objects, including bottles, cans, scrap or any object that may cause damage to an aircraft shall be left upon the floor of any building or upon any part of the surface area • of the Airport. Authorized Persons - Air Operations Area (AOAI • Any person who has authority to enter the AOA • and who permits a guest to accompany him or her shall be responsible for ensuring that such guest remain accompanied by an authorized person at all times while in the AOA. Any person entering the • AOA shall ensure that any gate through which entry is gained is properly closed after they enter and is to notify the Airport Management promptly if such gate does not close properly. If vehicle access • is used to enter, the vehicle operator, after proceeding through the open gate will stop, and wait until the gate is closed before proceeding to his or her destination. No unrestrained pets, or animals, will be permitted in the AOA. • Vehicle Operations - Air Operations Area (AOAI: No person shall operate any vehicle in the • AOA unless such person is licensed to operate such vehicle on the public highways of this State, or • unless such vehicle is licensed for operation on such highways or is specially, authorized for • operation on Airport property only. 7 No person shall operate any vehicle on any part of the Movement Area without first obtaining percussion from the Control Tower, or after its closure, advising of position and intentions by use of the Common Traffic Advisory Frequency. Every person operating a vehicle in the AOA shall obey the lawful order, signal or direction, by voice, hand or otherwise, of the Control Tower or of any Airport staff member, Airport Rescue and Fire Fighting staff member or law enforcement officer. No person shall operate any vehicle in the AOA unless authorized to do so by the Airport Director or his/her designated representative. No person shall operate any vehicle on any part of the airport in a negligent manner or while the operator is under the influence of intoxicating beverages, narcotics or any substance which could adversely affect the full and rational exercise of a driver's mental or physical faculties, or when the vehicle is in an unsafe condition or equipped or loaded so as to endanger persons or property or in a manner unsafe for existing conditions. All persons on the Movement Area shall obey the following Airport Control Tower light signals: RED STOP FLASHING RED CLEArt RUNWAY IMMEDIATELY GREEN OR FLASHING GREEN PROCEED ALTERNATING RED & GREEN USE EXTRA CAUTION FLASHING WHITE RETURN TO POINT OF ORIGIN No person shall operate any vehicle on the runway, taxiway or movement area unless such vehicle is equipped with a two-way radio in operating condition. All aircraft, motor vehicles and ground equipment while inside the AOA must be adequately lighted or marked with suitable reflectors during the hours of darkness or periods of reduced visibility during the daylight hours. Reduced visibility is defined as. any ground visibility less than 500 feet. All ground self-propelled vehicles, except responding emergency equipment, shall yield the right-of- way to any aircraft in motion. All aircraft shall hold their positions during an emergency unless otherwise directed by the Control Tower. Pedestrians and aircraft shall at all times have right -of way over vehicular traffic. All vehicles shall pass to the rear of taxiing aircraft. No person shall operate, park or stop any vehicle in any aircraft parking area, landing areas, ramp or taxiway except as authorized by Airport Management. No person shall operate or park any ground vehicle in any area that is not designated by signs or markings. No person shall operate any vehicle at speeds greater than fifteen (15) miles per hour upon any area of the AOA with the exception of the Movement Area, in which vehicles shall not operate at speeds greater than thirty five (35) miles per hour. Emergency vehicles while responding/training and official Airport vehicles being used in the performance of official duties are excluded from this section when necessary to accomplish an emergency or official mission; however, such vehicles shall at all times be in contact with the Control Tower. Fueling of Aircraft: Aircraft shall not be fueled while the engine is running, or while in a hangar, nor other enclosed place. All fuel trucks will be equipped, operated and maintained in accordance with the National Fire Protection Association, Incorporated, NFPA Manual 407 "Aircraft Fuel Servicing." Persons or aviation businesses wishing to supply and dispense aviation fuel for their private use must first apply for a permit, be granted a permit, and comply with the "Minimum Standards for Self Fuelers" before initiating their self fueling program. Public sale of automobile gas for use in aircraft will not be permitted on the Airport. Aviation or auto fuels will not be stored within a hangar and all fuel which is supplied to the Airport for aeronautical use will pay the applicable flowage fees as specified by City Ordinance. Tie -down of Aircraft: All aircraft, not hangared, shall be tied down or secured at night and during inclement weather. Aircraft owners or their agents are responsible for the tie -down or security of their aircraft. Running Aircraft Engines; On aircraft not equipped with adequate brakes, the engine shall not be started until and unless the wheels have been set with blocks attached to ropes or other suitable means for removing them. No airplane will be propped, started or left running without qualified personnel at the controls. No engine shall be started or run inside any building. Damage to Runway Lights: Damage to any field light or fixture shall be reported to Airport Management immediately. Persons causing damage to runway and taxiway lights, as a result of negligent operation of an aircraft, vehicle or as result of a willful act will be liable for replacement cost of the light(s) and/or fixture(s). 9. Taxiing Aircraft: No person shall taxi an aircraft until he/she has ascertained that there will be no danger of collision with any person or object in the immediate area. Aircraft will be taxied at a safe and prudent speed, and in such manner as to be at all times under the control of the pilot or taxi certified technician Parking Aircraft: Aircraft shall be parked in the areas designated by the Airport Manager for that purpose. Aircraft will not be parked in such a manner as to hinder the normal movement of other aircraft and traffic unless specifically authorized by the Airport Director as an emergency measure or in an unusual situation. Vehicles shall use care to avoid interference with aircraft in the aircraft parking areas. Unattended aircraft will be properly shut down, chocked and/or tied down. Loading/Unloading of Aircraft: Aircraft will not be loaded or unloaded with the engine(s) running with the exception of medical operations. Authority to Suspend Operations• The Airport Director may suspend or restrict any or all operations whenever such action is deemed necessary in the interest of safety. Take -offs on Apron, etc.: No take -offs or landings shall be made on the apron, parking ramp or taxiway except by special permission of the Airport Director. Common Courtesy: Aircraft entering the traffic pattern shall exercise caution and practice courtesy so as not to cause aircraft already in the pattern to deviate from their course. Parachute Jumping: Parachute jumping into the airport is prohibited except when special arrangements have been made which are authorized by the Airport Director. Special Procedures: The Airport Director may, in the interest of safety or for special events, designate special traffic procedures for certain operations, such as air shows, lighter than air operations, banner towing, ultralights, etc. Prior approval from the Airport Director is required. Fire Regulations • Every person using the Airport or its facilities for anypurpose, shall exercise the greatest care and caution to prevent fires. Smoking or open flame within fifty (50) feet of any aircraft or fuel truck is prohibited. Compressed flammable gas shall not be kept or stored upon the Airport, except at such place as may be designated by the Airport Manager. 10 No flammable substance shall be used in cleaning motors or other parts of an aircraft inside a hangar or other building. . No one shall smoke, ignite a match or lighter in any airport public owned building. The floors in all buildings shall be kept clean and free from oil. Volatile, flammable substances shall not be used for cleaning floors. Refuse, trash, or litter, such as, boxes, crates, cans, bottles, paper, tall grass/weeds shall not be permitted to accumulate in or about a hangar. At least two 20 lb portable fire extinguishers will be available within 50 feet of the fuel pumps or truck where the open hose discharge capacity of the fuel pump is not more than 200 gallons per minute; at least one wheeled 80 lb fire extinguisher where the open hose discharge capacity is more than 200 gallons per minute, but not more than 350 gallons per minute; at least two wheeled 80 lb fire extinguishers where the open hose discharge capacity is greater than 350 gallons per minute. • All aviation fuel nozzles will have "dead man" controls which will shut off the fuel flow when the nozzle hand control is released. No "lock open" type nozzle shall be permitted for fueling aircraft. Only when the pilot or crew member is present at the aircraft will a fueling operation.take place while passengers are aboard. In all matters related to aircraft fueling safety the provisions of NFPA Manual 407 "Aircraft Fuel Servicing" published and available from the National Fire Protection Association, Incorporated, 470 Atlantic Avenue, Boston, Massachusetts 02210, shall prevail (as updated or amended from time to time). Any fuel which becomes spilled through the fueling procedure, fuel farm. loading and unloading procedure or fuel which is spilled from any portion of any aircraft is the responsibility of the owner of the aircraft or fueling agency involved. It is their responsibility to clean up the spill. The clean up procedure will conform to those set forth by the Department of Pollution Control and Ecology and all other City, State and Federal guidelines. Under no circumstances is fuel to be "washed down", but instead it shall be absorbed with an approved material and disposed of in the manner specified by City, State and Federal guidelines. All costs of such clean ups shall be borne by the owner/company/tenant involved. Aircraft Painting: Aircraft painting is prohibited in all buildings except those approved as paint shops. All such facilities will abide by all local, City, State and Federal regulations in place and as amended from time to time by the governing bodies. Any violations and subsequent fines/fees which may be levied shall be borne by the party involved in the violation. 11 Knowledge of Rules Implied: By publication of these Minimum Standards all persons will be deemed to have knowledge of the contents. Copies of the Minimum Standards are available to all persons requesting a copy. Copies will be available at all times in the airport office, and copies will be furnished to owners and operators of aircraft based on the Airport. Conflict in Rules: If and where there is conflict in these and the Federal Aviation Rules (FARs) the latter shall prevail. SECTION 4: PENALTIES Penalty for Violation: Any person operating or handling an aircraft in violation of any of these Minimum Standards or refusing to comply herewith, may, at once, be asked to leave the Airport, or may be denied use of the Airport by the Airport Director. When extreme circumstancesor conditions exist, said violator may be deprived of the further use of the Airport and its facilities for such period of time as may appear necessary, for the protection of life and property. Any violation of these Standards, as adopted by Council Resolution, shall be subject to all applicable laws of the City of Fayetteville Police and Fire Departments and punishable by fine. This section is cumulative of all other penalties for violation of Federal, State and Local laws, rules, regulations and ordinances. Prosecution for an offense under this Resolution does not prevent the use of other enforcement remedies or procedures, including administrative measures applicable to the person charged with the conduct involved in the offense. If any provision of this Resolution is held insufficient as the basis of criminal prosecution as provided herein, the same shall nevertheless be a ground for revocation or suspension of any license, permit or privilege issued under this Resolution. For any violation hereof, a law enforcement officer or other appropriate enforcement official may require the person cited to sign a written or printed notice to appear in court. If the person cited signs such notice, the officer or other appropriate official may permit the person to proceed without further detaining him/her at that time. Signing the notice shall not be an admission of guilt. Refusal of the person cited to sign the notice, or failure after signing the notice to appear in court as required, shall be grounds for suspending a license/permit or other privileges at the Airport. Nothing in this article shall prevent the issuance of a warrant of arrest on the same charge, and trial and conviction thereon as in other cases. The Director may. request any person committing a violation to cease said activity or leave the 12 Airport, and ask any person who fails to comply with such request to leave. In any case in which the Federal Aviation Administration, the Department of Pollution Control and Ecology or the Environmental Protection Agency or any other governing agency assesses a civil penalty against the Airport for any Federal/State/Local Regulation violation, the City of Fayetteville shall be reimbursed by the person whose act, or failure to act, caused the violation resulting in the civil penalty or by the person whose employee, agent, servant or independent contractor caused the violation resulting in the civil penalty This shall be the analogues with concern to any other penalty caused by the person whose act or failure to act causes a violation. Termination of Permits/Leaes/Contrac• Any person, who continues to violate these Minimum Standards shall forfeit his or her rights to the use of the facilities. Issuance of multiple citations or warnings for violations in a 12 month period will be deemed as a basis for conducting a review of the operator/tenant/contractor by the City ofFayetteville. Judgments made based on this review shall be considered binding and cause for termination of their permit/lease/contract. Appeals to action taken by the Airport Management should be made to the Airport Board within thirty days to request a hearing review. Saving Clause: Should any part of this Resolution be invalid or unconstitutional, no other part shall necessarily be affected thereby. SECTION 5: APPLICATIONS Any person, firm or corporation desiring to enter into any form of activity of any nature upon the premises of the Fayetteville Municipal Airport shall first obtain permission from the Airport Director. Each application shall be made in writing and filed with the Airport Director, setting forth in detail the nature of the proposed activity including but not limited to the names and addresses of the owners, the proposed activity, the number of employees, the amount of space or land required and the qualifications of the owners to perform the proposed activity. The application form located at Attachment 1 will be filled out completely. SECTION 6: NOTICE Upon the filing of such an application with the Airport Director, and provided it meets the requirements set forth in Section 5, it shall be referred to the Airport Board and Mayor with any recommendations that Airport Staff deem necessary. Any like business, already in operation shall be notified by first class mail of any application which would incorporate a duplication of a business currently in operation/existence. 13 SECTION 7: LEASE/CONTRACT/PERAUT Upon approval of any such application as submitted or modified, the Airport Director shall cause to be prepared a suitable lease/contract/pennit setting forth the terms and conditions of the land/facility to be utilized or built, which leaselcontract/permit shall, in every instance, be conditioned upon: a. Original and continued compliance with the Standards required for each particular activity approved and shall refer and incorporate these Standards by reference; b. Any structure or facility to be constructed or placed upon the Airport shall be constructed in a manner to conform to all safety regulations of the State of Arkansas, the CityofFayetteville, the FAA and any other governmental entity having regulatory authority in connection therewith, and shall be in compliance with the requirements of current building codes and fire regulations of the City of Fayetteville; and that any construction once commenced will be diligently pursued to completion. c. The right of the City Council to modify or add to the Standards for operation at the Airport. • SECTION 8: GENERAL REQUIREMENTS FOR ALL AIRPORT ACTIVITIES • The following general requirements shall apply to all activities at the airport. Each applicant, and all • others, for permission to conduct activities at the Airport, shall comply with the following and enter into a written agreement with the City of Fayetteville Airport Director prior to conducting activity of • any kind: a. Each entity shall demonstrate a history of management and personnel ability, or a Business Plan for the service to be provided, in conducting the same, similar, or comparable type of service or activity. b. Each entity shall have the financial responsibility and ability to provide facilities and services proposed; c. Each entity has, or can, reasonably secure necessary certificates from the FAA or other authority where the same are required for the activity proposed; d. Each entity can and will, at all times, meet standards of all Local, State and Federal bodies having regulatory authority over the Airport entity and any proposed activity. e. Each entity shall pay a fee, and/or shall lease space from the Airport or land on which to build said suitable space. Each entity will maintain its exclusive area at all times, subject to the approval of the Airport Director. 14 f. Each entity shall operate in a manner which does not infringe on the rights or property of others and conduct all activity in a fashion which shows due trust to the public. g. Each entity shall agree to indemnify and hold harmless, the City of Fayetteville, of • and from any claims of liability for personal injury, death, or property damage resulting from its operation at the Airport. Insurance in the amounts listed, as • applicable, shall be maintained in force at all times until the permit is relinquished or cancelled. The City of Fayetteville shall be listed as additional insured on all commercial insurance policies. COVERAGE FOR BODII,Y INJURY AND PROPERTY DAMAGE FOR AIRPORT PREMISES: Liability coverage to provide for bodily injury, mental. anguish, personal injury and damage to someone else's property resulting from the ownership, maintenance or -use of airport premises. Including, but not limited to the use of mobile equipment which is owned or leased while it is on the airport premises. Mobile equipment means a land vehicle (including machinery and/or apparatus attached to it), whether or not it's self propelled, used exclusively for the maintenance or handling of aircraft or airport premises. COVERAGE AND LIMITS PROVIDED FOR THE USE OF AIRCRAFT ON THE AIRPORT PREMISES: General Aviation: General aviation is to be considered the use of an aircraft for the personal business and/or pleasure use of the owner or leaseholder of an aircraft. Liability limits required by the City of Fayetteville as owner/operator of the Airport shall be: Aircraft and Comprehensive Public Liability and Property Damage: $250,000. Bodily Injury each Occurrence $250,000. Personal Injury each Occurrence $250,000. Property Damage including Fire Legal Liability $3,000. Medical Payments each Person Commercial Aviation: Commercial aviation is to be considered the use of an aircraft for the purpose of monetary, financial or beneficial gain by goods and services. These operations include, but are not limited to, activity directly related to the service, distribution, 15 sale, renting, leasing, repair or service of aircraft, aircraft engines or other aircraft components, or operation of an aerial application service, airport, hangar, pilot training, instructional institution, service, air or cargo charter, commercial flying service or aircraft salvage service. Liability limits required by the City of Fayetteville as owner/operator of the Airport shall be: Aircraft and Comprehensive Public Liability and Property Damage: $1,000,000. Bodily Injury each Occurrence $1,000,000. Personal Injury each Occurrence $1,000,000. Property Damage $500,000. Fire Legal Liability $3,000. Medical Payments each Person h. Each entity of any kind shall not engage in any activity for furnishing services to the public at the Airport unless: (1) Said service is furnished on a fair, equal and nondiscriminatory basis to all users thereof, and (2) Fair, reasonable and non - discriminatory prices are charged for each unit of sale or service, provided that reasonable and non - discriminatory discounts, rebates or other similar types of price reduction may be made to volume purchasers. Each entity at all times, will comply with all local, state, and federal regulations and requirements. Any associated fees, or fines, levied to the Airport as owner in connection with a tenant/contactor/or operator, or any others shall be passed along and borne by the tenant or any other operation deriving benefit from the use of the Airport's Property/assets. j • Each entity shall possess all licenses, permits, and certificates required by the FAA, the State of Arkansas and the City of Fayetteville and will ensure that all remain current and in effect. SECTION 9: BASIC LEASE TERMS AND CONDITIONS Airport facilities are leased to aviation related business and industry, to aircraft owners and operators and compatible businesses and industries as established by the Airport Board. Modifications to airport owned facilities must be approved by the Airport Director, before installation, or modification, and become the property of the airport unless specifically addressed in writing. Land leases for the construction of facilities are entered into between the parties where it is the responsibility of the tenant to fully maintain. and operate his/her facility including the structure and systems. Ownership of facilities constructed on airport property will revert to the City at the end of the lease tern and any options that have been activated. At the time of reversion, the facility will be in a maintenance free condition or the property returned to its original condition and all debris removed from airport property. Facilities. constructed on airport property must meet all code requirements established by the City of Fayetteville, the State of Arkansas and the FAA. A Notice of Proposed Construction or Alteration form, FAA Form 7460-1, shall be submitted and approved by the FAA before construction commences. All users of Airport facilities will keep the facilities clean and neat at all times. It is essential that grass be mowed and trash be properly disposed of. All tenants will insure that their areas are free of objects that may be a Foreign Object Damage (FOD) hazard. A copy of the Fayetteville Municipal Airport Lease Application Form is included as part of these Minimum Standards. SECTION 10: AMENDMENTS TO STANDARDS AND NOTICES The Airport Board, along with the Airport Director, shall review the Minimum Standards for Operations and Activities from time to time and shall recommend such revisions or amendments as shall be deemed necessary. The Minimum Standards are established in order to protect the health and safety of the public and interest of the City of Fayetteville. Upon approval, all amendments are in full force and effect and all commercial operators, tenants and clients shall be required to conform to such amended standards. NOTICES Notice of intent to amend the Standards as established herein shall be published in a newspaper of at least local circulation and be considered sufficient notice when printed for the public as a general notice to all citizens. 17 Attachment 1, Lease Application Form (two pages) FAYETTEVILLE MUNICIPAL AIRPORT, DRAKE FIELD LEASE APPLICATION FORM 1 • NAME OF LEASEHOLDERS) OR CORPORATE REPRESENTATIVE(S) AS APPLICABLE 2. HOME ADDRESS OF LEASEHOLDER(S) OR CORPORATE REPRESENTATIVE(S) 3. NAME OF CORPORATION AS INCORPORATED 4. STATE OF INCORPORATION (include copy of incorporation paperwork) 5. ADDRESS AND CONTACT INFORMATION OF CORPORATION FOR PURPOSE OF NOTICES address or P. O. BUSINESS AND/OR SERVICES TO BE PROVIDED 7. HOURS OF OPERATION 8. NAMES AND QUALIFICATIONS OF PERSONS CONDUCTING THE BUSINESS AND/OR PROVIDING THE SERVICE IF DIFFERENT FROM ABOVE INCLUDING CONTACT INFORMATION • Fayetteville Municipal Airport Lease Application Page Two 9. TOTAL NUMBER OF EMPLOYEES INCLUDING MANAGEMENT 10. TOOLS, EQUIPMENT, SERVICES AND INVENTORY REQUIRED TO CONDUCT PROPOSED BUSINESS AND/OR SERVICE 11. DESCRIPTION OF PROPERTY TO BE LEASED 12. TYPE AND EXTENT OF CONSTRUCTION OR REQUIRED IMPROVEMENTS TO AIRPORT OWNED PROPERTY CONTEMPLATED AND PLANNED BUDGET, AS APPLICABLE 13. LIST OF AIRCRAFT AND TYPE, IF ANY (INCLUDE "N" NUMBER), TO BE OPERATED BY TENANT 14. PROPOSED COMMENCEMENT DATE OF LEASE 15. PROPOSED TERM OF LEASE • 16. INSURANCE PROVIDER (City of Fayetteville/Airport Administration Office must be listed as additional insured and be provided a copy of the Certification of Insurance.) I City of Fayetteville • Staff Review Form City Council Agenda Items Contracts 21 -Jun City Council Meeting Date Ray M. Boudreaux Submitted By a Aviation & Economic Development Division Action General Government Department Woolsey, President/CEO, 8501 Telephone Rd, Houston, TX, 77061, phone: 731-640-4000, fax:713-641-6788, email:rwoolsey@millionair.com., to provide aviation fueling and other services at Fayetteville Municipal Airport. REVENUE $24,000.00 Cost of this request 5550.0955.4454.00 Account Number NA Project Number Budgeted Item $ 1,281,168.00 Category/Project Budget $ 554,213.00 Funds Used to Date $ 726,955.00 Remaining Balance Budget Adjustment Attached EX Department Director �/ Date City Attorney Finance and Internal Service Director -1-05 Date Chrgs-Sery Program Category / Project Name Airport Revenue Program / Project Category Name Airport Fund Name Ordinance or Resolution # Original Contract Date: Original Contract Number: Received in City Clerk's Office 6.. Received in Mayor's Office pl ate WITNESS the execution hereof by the parties hereto, in any number of counterpart copies each of which counterpart copies shall be deemed as an original for all purposes, as of the day and year first above written. CITY OF FAYETTEVILLE FAYETTEVILLE, ARKANSAS By: Dan Coody, Mayor ATTEST By: Sondra Smith, City Clerk WOOLSEY AVIATION, INC., INC. By: Roger Woolsey President/CEO ATTEST By: Paul Milam, Vice President IA 31 I WITNESS the execution hereof by the parties hereto, in any number of counterpart copies each of which counterpart copies shall be deemed as an original for all purposes, as of the day and year first above written. WOOLSEY AVIATION, INC., INC. By: Roger Woolsey President/CEO ATTEST By: Paul Milam, Vice President CITY OF FAYETTEVILLE FAYETTEVILLE, ARKANSAS By: Dan Coody, Mayor ATTEST By: Sondra Smith, City Clerk 31 From: Clarice Pearman To: Boudreaux, Ray Subject: Woolsey Aviation Ray, The Council passed a resolution for the Woolsey contract but you did not attach signed contracts for this item. Please get signed contract from Woolsey to continue processing this resolution. Thanks. Clarice Clarice Pearman - Re: Woolsey Aviation Page 1_ From: Clarice Pearman To: Boudreaux, Ray Subject: Re: Woolsey Aviation Yes, I have two original agreements without signatures that we're in the agenda folder. If you would like to come and get these to take for signature that will be okay. >>> Ray Boudreaux 06/22/05 05:29PM >>> Hi Clarice, I gave them to you all last week. I think I gave them to ??? I can't remember who I gave them to. If you can't find them, I" see if I can't get another copy. \Thanks, Cheers, Ray. Ray M. Boudreaux, Col. USAF (ret) Director, Aviation & Economic Development 4500 S. School Ave., Suite F Fayetteville, AR 72701 ph. 479.718.7642 fax. 479.718.7646 email: roudreaux(ahci.favetteville.ar.us Clarice Pearman - Res. 117-05 Page 1 From: Clarice Pearman To: Boudreaux, Ray Date: 7/12/05 3:16PM Subject: Res. 117-05 Ray, Attached is a copy of the resolution passed by City Council, June 21, 2005. Also attached is a copy of the agreement. This will serve as confirmation that Lou Powers picked up one of two originals of the contract with Woolsey Aviation. I will be send the original blue budget adjustment to Budget & Research. Also attached is a copy of the budget adjustment approve by Council. Thanks. Clarice CC: Deaton, Vicki From: Clarice Pearman To: Fell, Barbara Subject: Fwd: Res. 117-05 I will be forward via interoffice mail blue budget adjustment. >>> Clarice Pearman 07/12/05 03:16PM >>> Ray, Attached is a copy of the resolution passed by City Council, June 21, 2005. Also attached is a copy of the agreement. This will serve as confirmation that Lou Powers picked up one of two originals of the contract with Woolsey Aviation. I will be send the original blue budget adjustment to Budget & Research. Also attached is a copy of the budget adjustment approve by Council. Thanks. Clarice Ray M. Boudreaux Submitted By an Addendum to City of Fayetteville Staff Review Form City Council Agenda Items Contracts NA City Council Meeting Date Aviation & Economic Development Division General Government Department President/CEO, 8501 Telephone Rd, Houston, TX, 77061, phone: 731-640-4000, fax:713-641-6788, corn., to specify the terms of the FBO equipment lease. REVENUE $19,500.00 Cost of this request 5550.0955.4454.00 Account Number NA Project Number Budgeted Item �X Director $ 1,281,168.00 Category/Project Budget $ 1,065,309.00 Funds Used to Date $ 215,859,00 Remaining Balance Budget Adjustment Attached EJ I, - Date fC� ///3/os City Attorney Finance and Internal Service Director Date Mayor Date Chrgs-Sery Program category / Project Name Airport Revenue Program / Project Category Name Airport Fund Name Previous Ordinance or Resolution # 117-05 Original Contract Date: 6/21/2005 Original Contract Number: NA Received in City Clerk's Office Received in Mayor's Office lift City Council Meeting of: N/A Agenda Item Number: TO: Mayor THRU: Staff/Contract Review FROM: Ray M. Boudreaux, Director, Aviation and EcKngmic Development DATE: October 20, 2005 ///3165 WBal y uvlauon/I M,111&" Afr c�'✓ SUBJECT: Approve Addendum to the Lease agreement between the City of Fayetteville and Woolsey Aviation, Inc., DBA Million Air Fayetteville for lease/purchase of airport owned equipment. RECOMMENDATION: Approve lease addendum to the contract with Woolsey Aviation for the lease purchase of City owned FBO specific equipment. The lease contract provides that the City owned equipment be listed at lease attachment #1. This addendum when approved will be included in the lease as Lease Attachment #1. The listed equipment is that needed to operate a fuel and line service FBO and is no longer needed by the City as long as the contract is in place. The purpose of the lease/own procedure is to allow the new FBO time to get up to speed as the fuel and line service provider and to provide a fall back position for the City should the FBO fail and terminate the contract. Recommend approval and signature of the Mayor. BACKGROUND: Million Air Fayetteville now operates the fuel and line services at Fayetteville Municipal Airport, Drake Field. The equipment acquired by the City to operate the services over the last four years is no longer needed by the City but is required to operate the fuel and line service by Million Air. The equipment was inspected by both parties and the fair market value was determined. The value was then amortized over three years to determine a monthly payment. Million Air has agreed to abandon the equipment should the company fail before the end of the term. This is beneficial to the City as once the company has operated the FBO for three years, they would be expected to remain in the business. Conversely, should Million Air fail, this arrangement provides a method for the City to retain the equipment and not be required to reacquire it or similar equipment with which to operate the service. During the term of the lease/purchase agreement, Million Air has the option to purchase the equipment before the end of the term. DISCUSSION: Please execute the amendment to be included in the lease contract as Attachment #1. The inventory of the equipment is part of the lease/purchase agreement. BUDGET IMPACT: The proceeds, $541.67 per month will go into the Airport fund. Attachments: Staff Review form Addendum Inventory Amortization Schedule Aviation and Economic Development Department Fayetteville Municipal Airport, Drake Field 4500 South School Avenue. Suite F Fayetteville, Arkansas 72701 Ray M. Boudreaux, Director Addendum to the Airport Use and Lease Agreement for Fixed Base Operations by and between Fayetteville Municipal Airport, The City of Fayetteville Arkansas, and Woolsey Aviation Inc, db.a. Million Air of Fayetteville This Addendum to the Agreement will specify the terms of the lease of Airport -owned equipment as described in paragraph 5.5 on page 7, of the Agreement, and is hereby made a part of the Agreement NOW, THEREFORE, the City of Fayetteville and Woolsey Aviation Inc. agree as follows: I. The Fair Market Value, (FMV), of the leased equipment is $19,500.00. A list of the leased equipment is included as Attachment A. 2. Upon execution of the Addendum, the Woolsey Aviation Inc. agrees to pay the rental amount in thirty six (36) monthly installments. $541.67 (Five Hundred and Forty One Dollars, and Sixty Seven cents). A schedule of Amortization is included as Attachment B. 3. The equipment lease payments shall begin on October 1, 2005, and end on or about September 30, 2008. 4. If, during the term of the equipment lease, Woolsey Aviation Inc. ceases operation at Fayetteville Municipal Airport, voluntarily terminates the original Agreement, or otherwise fails to remit the equipment lease monthly payment when due, the equipment shall be returned to the possession and sole ownership of the City of Fayetteville. 5. At the conclusion of the equipment lease term, and payment of the final installment has been received by the City of Fayetteville, ownership of the equipment shall be transferred to Woolsey Aviation Inc. 6. If, prior to the conclusion of the term of the equipment lease, Woolsey Aviation Inc., elects to purchase the equipment outright, Woolsey Aviation Inc, shall pay to the City of Fayetteville, a prorated lump -sum payment as follows: After one year: 60% of the FMV After two years: 30% of the FMV 7. Woolsey Aviation Inc. agrees to maintain the equipment in good working condition for the term, excepting normal wear and tear. IN WITNESS WHEREOF, this day, November - - , 2005. 147067 By: Coody, Mayor Woolsey Aviation Inc. �J By: Title: !`N %6 i ld �0 pig 0> 5it3 ym m= °azK m o 3 H C v'p-D o (c 0- m N n pS plc �' O m m JC N C v •m N'�$, N Z•9m C m0 (A) 2 A m p� (gyp J ), pp� pp�pp�pp pp�pp {gym AO W O W (Vn CA N0mO) d �m C)i •JA 000000 (00 W p < D 00Sv 3 N+ N A W+ J J N J N N N W+ N N N N W N W N W W W (n O = z — D� DODDDD�D@ g 0 Dm (<o D (<o Dm D < < < < < < < < < < < d = @ Do) @ @ 0 G7 47 47 E 1 � O m O d• 2 OCDC o miii m m$$ 1 (O p Q W 1 m w m m pp (� + + a +p (papp A�(pW�N (��/+(� (Nih(Wp00 (il (71 (T1 O1 O O (NT O O (Vil S (Vil O N O O O 00000010000 N 9 0 m m m J J 8 a- Attachment B -Amortization Schedule Enter Values Loan Summary Loan Amount $ 19,500.00 Scheduled Payment $ 541.67 Annual Interest Rate 0.00 % Scheduled Number of Payments 38 Loan Period In Years 3 I Actual Number of Payments 36 Number of Payments Per Year 12 Total Early Payments $ Start Date of Loan 9/12005 Total Interest $ 0.00 Optional Extra Payments Lender Name: Gy of Fayetteville ----- Pmt Payment Beginning Scheduled Extra Total Ending No. Date Balance Payment Payment Payment Principal Interest Balance 1 10112005 $ 19.500.00 $ 541.67 $ - $ 541.67 $ 541.67 $ 0.00 $ 18,958.33 2 11112005 18,958.33 541.67 - 541.67 541.67 0.00 18,416.67 3 12112005 18.416.67 541.67 - 541.67 541.67 0.00 17.875.00 4 1112006 17,875.00 541.67 - 541.67 541.67 0.00 17.333.33 5 2112006 17,333.33 541.67 - 541.67 541.67 0.00 16,791.67 6 3/12008 16.791.67 541.67 - 541.67 541.67 0.00 16,250.00 7 4112006 16,250.00 541.67 - 541.67 541.67 0.00 15,708.33 8 5/12006 15,708.33 541.67 - 541.67 541.67 0.00 15,166.67 9 6/12006 15,168.67 541.67 - 541.67 541.67 0.00 14,625.00 10 7112006 14.825.00 541.67 - 541.67 541.67 0.00 14.083.33 11 6/112006 14,083.33 541.67 - 541.67 541.67 0.00 13,541.67 12 9/12006 13,541.67 541.67 - 541.67 541.67 0.00 13,000.00 13 10/12006 13,000.00 541.67 - 541.67 541.67 0.00 12,458.33 14 11/12006 12,458.33 541.67 - 541.67 541.67 0.00 11,916.67 15 12/112006 11,916.67 541.67 - 541.67 541.67 0.00 11,375.00 16 1/12007 11,375.00 541.67 - 541.67 541.67 0.00 10,833.33 17 2112007 10,833.33 541.67 - 541.67 541.67 0.00 10,291.67 18 3112007 10,291.67 541.67 - 541.67 541.67 0.00 9,750.00 19 4112007 9,750.00 541.67 - 541.67 541.87 0.00 9,208.33 20 6/12007 9,208.33 541.67 - 541.67 541.87 0.00 8,666.67 21 6/12007 8,666.67 541.67 - 541.67 541.67 0.00 8,125.00 22 7/1/2007 8,125.00 641.67 - 541.67 541.67 0.60 7,583.33 23 8/12007 7,583.33 541.67 - 541.67 541.67 0.00 7,041.67 24 9112007 7,041.67 541.67 - 541.67 541.67 0.00 6,500.00 25 10/12007 6,500.00 541.67 - 541.67 541.67 0.00 5,958.33 26 11/1/2007 5.958.33 541.67 - 541.67 541.67 0.00 5,416.67 27 12/12007 5,416.67 541.67 - 541.67 541.67 0.00 4,875.00 28 1/12008 4,875.00 541.67 - 541.67 541.67 0.00 4,333.33 29 2/12008 4,333.33 541.67 - 541.67 541.67 0.00 3,791.67 30 3/12008 3,791.67 541.67 - 541.67 541.67 0.00 3,250.00 31 4/1/2008 3,250.00 541.67 - 541.67 541.67 0.00 2,708.33 32 5/12008 2,708.33 541.67 - 541.67 541.67 0.00 2,166.67 33 6/12008 2,166.67 541.67 - 541.67 541.87 0.00 1,825.00 34 7/12008 1,625.00 541.67 - 541.67 541.67 0.00 1,083.33 35 8/12008 1,083.33 541.67 - 541.67 541.67 0.00 541.67 36 -_9112008 _541.67 541.67 - 561.67541_67 0.00 _.. 0.00 City of Fayetteville Staff Review Form City Council Agenda Items Contracts City Council Meeting Date Ray M. Boudreaux Aviation & Economic Development General Government Submitted By Division Department Action Required: Approve an Addendum to the Lease Agreement with Woolsey Aviation, DBA: Million Air Fayetteville, Roger Woolsey, President/CEO, 8501 Telephone Rd, Houston, TX, 77061, phone: 731-640-4000, fax:713-641-6788, email:rwoolsey@millionair.com., to specify the terms of the FBO equipment lease. REVENUE $21,375.00 Cost of this request 5550.0955.4454.00 Account Number NA Project Number Budgeted Item OX Department City Atton1 Finance and Mayor Director $ 1,281,168.00 Category/Project Budget $ 1,065,309.00 Funds Used to Date $ 215,859.00 Remaining Balance Budget Adjustment 0 Chrgs-Sery Program Category / Project Name Airport Revenue Program / Project Category Name Airport Fund Na e ;CIJ p. rli/VtihQy % gavious Ordinance or Resolution # 117-05 Date' �v Original Contract Date: 6/21/2005 Original Contract Number: NA 0 Z6 as Received in City Clerk's Office du Date Received in Mayor's Office Date City Council Meeting of: N/A Agenda Item Number: CITY COUNCIL AGENDA MEMO TO: Mayor THRU: Staff/Contract Review Committee FROM: Ray M. Boudreaux, Director, Aviation and o c Development DATE: October 20, 2005 SUBJECT: Approve Addendum to the Lease agreement between the City of Fayetteville and Woolsey Aviation, Inc., DBA Million Air Fayetteville for lease/purchase of airport owned equipment. RECOMMENDATION: Approve lease addendum to the contract with Woolsey or e lease purchase of City owned FBO specific equipment. The lease contract provisjj the Ci y owned equipment be listed at lease attachment #1. This addendum whp$yrfrrd will be included in the lease as Lease Attachment #1. The listed equipment is that nee4etj&perate a fuel and line service FBO and is no longer needed by the City as long as the contract n lace. The purpose of the leaselown procedure is to allow the new FBO time to getup t as the fuel and line service provider and to provide a fall back position for the City shoulJ BO fail and terminate the contract. Recommend approval and signature of the Mayor BACKGROUND: Million Air Fayetteville nov1 les the fuel and line services at Fayetteville Municipal Airport, Drake Field. The u squired by the City to operate the services over the last four years is no longer needed by thjyrut is required to operate the fuel and line service by Million Air. The equipment was inspect y both parties and the fair market value was determined. The value was then amortized over thr years at a 4% interest rate to determine a monthly payment. Million Air has agreed to andon the equipment should the company fail before the end of the term. This is beneficial to tlytity as once the company has operated the FBO for three years, they would be expected to re in in the business. Conversely, should Million Air fail, this arrangement provides a m od for the City to retain the equipment and not be required to reacquire it or similar equipment th which to operate the service. During the term of the lease/purchase agreement, Million 3if has the option to purchase the equipment before the end of the term. DIS U IO Please execute the amendment to be included in the lease contract as Attachment #1. T=invtory of the equipment is part of the lease/purchase agreement. BUDPA The proceeds, $631.08 per month will go into the Airport fund. Staff Review form Addendum Inventory Amortization Schedule Aviation and Economic Development Dcpamncni Faycneville Municipal Airpun, Dmke Field 4500 South School Avenue, Suite F Fayetteville, Arkansas 72701 Ray M. Boudreaux, Director Clarice Pearman - Woolsey Aviation, McClelland, Robinson Aviation Page 1 From: Clarice Pearman To: Boudreaux, Ray Date: 11/7/05 4:33PM Subject: Woolsey Aviation, McClelland, Robinson Aviation Ray, Attached are copies of the above agreements. I will forward any extra originals to you via interoffice mail. Also, I will be forwarding to the internal auditor the original purchase requisition for McClelland. Thanks. Clarice CC: Bell, Peggy; Deaton, Vicki