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HomeMy WebLinkAboutResolution - 2008-R0119 - Assignment To Transfer And Assignment Of Agreement To Abilene Aero - 04_10_2008Resolution No. 2008-RO119 April 10, 2008 Item No. 5.11 RESOLUTION WHEREAS, the City Council of the City of Lubbock approved a Hangar Ground Lease Agreement dated March 1, 1976, between the City of Lubbock and Hangars of Lubbock, Inc., a copy of which Lease Agreement is attached hereto and incorporated in this resolution as if fully set forth; and WHEREAS, Hangars of Lubbock, Inc. desires to assign the Lease to Abilene Aero, Inc. d/b/a Lubbock Aero; and WHEREAS, the Airport Board of the City of Lubbock has approved and recommends that approval of the assignment attached hereto; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: THAT the Mayor of the City of Lubbock BE and is hereby authorized and directed to execute for and on behalf of the City of Lubbock an Assignment to transfer and assign to Abilene Aero, Inc. d/b/a Lubbock Aero, that certain Hangar Ground Lease Agreement at Lubbock Preston Smith International Airport dated March 1, 1976, between the City of Lubbock and Hangars of Lubbock, Inc. Said Assignment is attached hereto and incorporated in this Resolution as if fully set forth herein and shall be included in the minutes of the Council. Passed by the City Council this loth day of April , 2008. -� =,,-- > DAVID A. NHLLER, MAYOR ATTEST: Reb cca Garza, City S etary tAOVED AS TO O ENT, J es W. Loomis, Assis ant City Manager Tr s-oortation and Public Works APPROVED AS TO FORM: Linda L. Chamales, Senior Attor Office Practice Section LLC:lc/ City Att / Linda / RE5- Assignment-1976 Horton Lease February 26, 2008 Resolution No. 2008-RO119 THE STATE OF TEXAS § ASSIGNMENT COUNTY OF LUBBOCK § KNOW ALL MEN BY THESE PRESENTS THAT Hangars of Lubbock, Inc., ("Assignor"), has this day and does by these presents transfer and assign to Abilene Aero, Inc. d/b/a Lubbock Aero, that certain Hangar Ground Lease Agreement at Lubbock Preston Smith International Airport, formerly known as Lubbock Regional Airport, which lease was dated March 1, 1976, between the City of Lubbock and Hangars of Lubbock, Inc. A copy of the lease being assigned is attached hereto and is incorporated herein by reference. Abilene Aero, Inc. dfbla Lubbock Aero, hereby assumes all of the obligations of the Assignor under the attached Agreement. This Assignment shall be effective upon approval by the City Council of the City of Lubbock, Texas and the execution by the Mayor thereof. Dated this the loth day of April , 2008. HANGARS/ OF LUBBOCK, Inc. CITY OF LUBBOCKoe Bpi Earl Horton, President DAVID A. i�IILi,ER, MAYOR ATTEST: t ill,., f ,'`R 'I'( ( (Ll %7t_ —.) ABILENE AFRO, INC. d/b/a I Ba O chard Casler, Vice -President ATTEST: Lc: cityatt 1 Linda r Assignment- Hortun 1976 lease February 20, 2008 ATTEST: Rebca Garza, City Secret APPROVED AS TO COiyiTENT: Ja es W. Loomis, Assistant City anager, Transp. & Public Works APPROVED AS TO FORM: Linda L. Chamales. Senior Attorney