HomeMy WebLinkAboutResolution - 021049B - Estabilsh Rental Rates For Buildings & Facilities - Lubbock Municipal Airport - 02/10/1949f" I1 RESOLUTION
WHEREAS, it is necessary for the City Commission of the City
of Lubbock to establish and approve minimum rentals for buildings and
facilities at the Lubbock Municipal Airport owned by the City of
Lubbock, and to establish insurance coverages to be required of pro-
posed lessees at said airport.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF LUBBOCK$ TEXAS:
That thefollowing minimum rentals for airport properties
at the Lubbock Municipal Airport are hereby approved:
1. Hangars on the east side of the Lubbock Municipal Airport
at the rate of V per square foot per month.
2. Temporary buildings on the east side of the Lubbock
Municipal Airport at the rate of 1/2� per square foot per
month.
3. Warehouse buildings on the east side of Lubbock Municipal
Airport at the rate of l¢ per square foot per month.
4. Hangars on the west side of the Lubbock Municipal Airport
at the rate of l per square foot per month,, -
In addition to the rental rates provided above, lessees at
said Lubbock Municipal Airport will be required to provide $50,000/
$1000000 public liability insurance and $500000 property damage
insurance, together with fire, windstorm and general coverage insur-
ance of the value to be determined by the Airport Board and/or
Airport Manager based upon the value of the building to be leased.
All such insurance shall have loss payable clauses payable to the
lessee and/or the City of Lubbock, as their interests may appear,
AND IT IS SO ORDERED.
ATTEST:
PASSED AND APPROVED this the 10 day of February !1949