HomeMy WebLinkAboutResolution - 3638 - Lease Agreement - Federal Express Corporation - Office Space & Ramp Use, LIA - 06/13/1991Resolution No. 3638
June 13, 1991
Item X621
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RESOLUTION
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 a Space Lease
and Ramp Area Use Agreement by and between the City of Lubbock and Federal.
Express Corporation, attached herewith, which shall be! spread upon the
minutes of the Council and as spread upon the minutes of this Council shall
constitute and be a part of this Resolution as if fully copied herein in
detail.
Passed by the City Council this 13th day of June 1991.
_ I
B. C. McMINN, MAYME
-AIIE
ST:
anet e: -Boy , City Secretary
APP OVED AS TO CONTENT:
ern E. Case, Director of Aviat—f—on
APPROVED AS TO FORM:
ff5rbld Willard, Assistantity
Attorney
Resolution No. 3638
• June 13, 1991
' Item #21.
91 -BTG -0209
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LUBBOCK INTERNATIONAL AIRPORT
SPACE LEASE AND RAMP AREA USE AGREEMENT
THE STATE OF TEXAS §
COUNTY OF LUBBOCK §
This Space Lease and Ramp Area Use Agreement, hereinafter
referred to as the "Agreement" or "Lease," is entered into at
Lubbock, Texas, by and between the City of Lubbock, Texas,
hereinafter referred to as "Lessor," and Federal Express
Corporation, hereinafter referred to as "Lessee."
WITNESSETH:
WHEREAS, Lessor owns and operates a public airport
designated as Lubbock International Airport and hereinafter
called "Airport;" and
WHEREAS, Lessee desires to lease approximately 2251 square
feet of space in the Old Terminal Building at the Airport and to
have priority use of approximately 110,000 square feet of ramp
area adjacent to such building for the purpose of conducting an
express cargo delivery business; and
WHEREAS, the Airport Board of the City of Lubbock has
approved and recommends that Lessee be granted this Agreement for
a term hereinafter designated; and
WHEREAS, the City Council of the City of Lubbock accepts the
recommendation of the Airport Board and finds that execution of
this Lease will properly serve the public interest of the
citizens of the City of Lubbock;
ARTICLE I
NOW THEREFORE, for and in consideration of the covenants and
conditions herein contained and other valuable consideration,
Lessor hereby authorizes Lessee to exercise the rights, powers
and privileges hereinafter set forth and does hereby lease to the
Lessee certain exclusive premises, hereinafter described and
called "Leased Premises," and does hereby grant to Lessee
priority use of 110,000 square feet of ramp area adjacent to the
Old Terminal Building of the Airport, which Leased Premises and
ramp area are designated on Exhibit A attached hereto and
incorporated herein by reference.
1.01. LEASED PREMISES. The Leased Premises shall consist
of an area of 2251 square feeti meFe er less, in the Old Terminal 6�
Building of the Airport, located in Lubbock County, Texas, and
designated on Exhibit A attached hereto. In addition to the
Leased Premises hereinabove described, Lessee is hereby granted
the nonexclusive use of such space and facilities in and adjacent
to the Old Terminal Building as may be designated by Lessor and
which shall be necessary to provide Lessee with access to the
Leased Premises.
1.02. NONEXCLUSIVE. It is understood and agreed that
nothing herein contained shall be construed to grant or authorize
the granting of an exclusive right within the meaning of Section
308(a) of the Civil Aeronautics Act.
1.03. PURPOSE. Lessee's use of said Leased Premises and
ramp area shall be for the sole purpose of conducting an express
cargo delivery business.
1.04. SIGNS. Lessee shall have the right to place signs
identifying Lessee's business on and in the Old Terminal Building
at locations designated by the Director of Aviation of the City
of Lubbock. Said signs shall be of a type, size and design
approved in writing by the Director of Aviation. The
installation of such signs must comply with all applicable City
Codes and shall be without cost to Lessor.
ARTICLE II
2.01. The initial term of this Agreement shall be for a
period of three (3) years commencing on the day of
1991, and ending on the
�A14
day of 1994. However, Lessee may renew
this Agreement for an additional three (3) year term by giving
the Director of Aviation of the City of Lubbock written notice of
Lessor's desire to renew at least thirty (30) days prior to the
expiration of the initial term of this Agreement.
=1=
ARTICLE III
RENTALS AND FEES
3.01.ER NTAL. In consideration of the rights and
privileges herein granted, Lessee shall pay to Lessor an annual
rental for the 2251 square feet of Leased Premises of TEN
THOUSAND ONE HUNDRED SIX AND 99/100 ($10,106.99) DOLLARS, which
rental shall be payable in twelve equal monthly installments of
EIGHT HUNDRED FORTY-TWO AND 25/100 ($842.25) DOLLARS, prior to
the tenth (10th) day of each month this Agreement is in effect.
The aforesaid rental rate shall be adjusted upward or
downward annually in direct proportion to the fluctuation in the
Consumer Price Index published by the Bureau of Labor Statistics
of the United States Department of Labor. For the purpose of
computing all adjustments, the Consumer Price Index as of January
1, 1991, shall be construed as the base and the first such
adjustment shall be made on January 1, 1992.
3.02. RAMP USE FEE. In further consideration of the rights
and privileges herein granted, Lessee shall pay to Lessor an
annual ramp use fee of SIX THOUSAND EIGHT HUNDRED SEVENTY-FIVE
AND N0/100 ($6,875.00) DOLLARS, which fee shall be payable in
twelve equal monthly installments of FIVE HUNDRED SEVENTY-TWO AND
92/100 ($572.92) DOLLARS, prior to the tenth (10th) day of each
month this Agreement is in effect.
3.03. LANDING FEES. In addition to the above rental and
ramp use fee, Lessee shall also pay Lessor landing fees at the
rate of $.50 per 1,000 lbs. of the approved maximum gross landing
weight of each actual flight operated. As used herein, the
phrase "approved maximum gross landing weight" shall mean the
maximum landing weight for an aircraft approved by the Federal
Aviation Administration for that aircraft.
Not later than the fifth day of each month, Lessee shall
file with the Director of Aviation a report of Lessee's actual
landings at the Airport for the preceding month, which report
shall include the number and type of aircraft making such
landings. Upon receipt of such report, Lessor shall transmit to
Lessee a statement of the landing fees incurred by Lessee for the
preceding month. Payment shall be made by Lessee to Lessor on or
before the 25th day of the month in which such statement is
transmitted. Lessee shall further provide Lessor with a summary
of the approved maximum gross landing weights for each type of
aircraft Lessee operates at the Airport.
3.04. DEFAULT FOR FAILURE TO PAY RENTALS OR FEES. If
Lessee fails to pay any rentals or fees due hereunder within
thirty (30) days after Lessor transmits a statement therefore to
Lessee, Lessor may, at its option, upon fifteen (15) days written
notice to Lessee (unless in such fifteen (15) day period Lessee
shall have corrected such failure to pay) immediately or at any
time thereafter, enter into and upon the Leased Premises and ramp
area, or any part thereof in the name of the whole, and repossess
the same without being deemed guilty of trespass.
3.05. PAYMENTS. All payments that become due and payable
by Lessee shall be made to the City of Lubbock at the office of
the Director of Aviation, Lubbock International Airport, Lubbock,
Texas, or as specified by the City Secretary.
ARTICLE IV
RIGHTS RESERVED TO LESSOR
The following rights are reserved to Lessor, and Lessee
agrees that all rights, powers and privileges granted under the
terms of this Lease shall be subordinated to Lessor's rights as
hereinafter stated.
4.01. AIRPORT HAZARDS. Lessor reserves the right to take
action it considers necessary to protect the aerial approaches of
the Airport against obstruction, together with the right to
prevent Lessee from erecting or permitting the erection of any
building or other structure on the Airport which in the opinion
of Lessor would limit the usefulness of the Airport or constitute
a hazard to aircraft.
4.02. AGREEMENT WITH UNITED STATES. During time of war or
national emergency, the Lessor shall have the right to enter into
an agreement with the United States Government for military or
naval use of all or part of the landing area, the publicly owned
air navigation facilities, and other area or facilities of the
Airport. If any such agreement is executed, the provisions of
this instrument, insofar as they are inconsistent with the
provisions of the agreement with the Government, shall be
suspended.
4.03. SUBORDINATION OF LESSEE'S RIGHTS. This Agreement
shall be subordinate to the provisions of any existing or future
agreement between the Lessor and the United States pertaining to
the operation and maintenance of the Airport, the execution of
which has been or may be required as a condition precedent to the
expenditure of federal funds for the development of the Airport.
4.04. SUSPENSION OF LESSEE'S RIGHTS. All rights,
privileges and interests acquired herein by Lessee, at the option
of Lessor, following thirty (30) days written notice to Lessee,
may be suspended if such suspension is found by Lessor, acting in
good faith, to be necessary to secure federal financial aid for
the development of the Airport, or further development of
aeronautical operations thereon.
ARTICLE V
GENERAL CONDITIONS
This Lease is granted subject to the following provisions
and conditions:
5.01. RULES AND REGULATIONS. In conducting its business
hereunder, Lessee shall comply with all applicable laws of the
United States of America and the State of Texas; the rules and
regulations promulgated by their authority pertaining to aviation
and air navigation, and all reasonable and applicable rules,
regulations and ordinances of the City of Lubbock now in force or
hereafter prescribed or promulgated by authority or by law.
5.02. IMPROVEMENTS OR ALTERATIONS. Other than construction
of an office facility on the Leased Premises substantially in
accordance with Sketch #2 attached hereto and made a part of this
Agreement by reference, Lessee shall not make, permit or suffer
any additions, improvements or alterations to the Leased Premises
or ramp area without prior written consent of the Director of
Aviation of Lessor. Any such additions, improvements or
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alterations made with the consent of the Director of Aviation
shall be solely at the expense of Lessee and unless such consent
provides specifically that title to the additions, improvements
or alterations so made shall vest in Lessee, title thereto shall
at all times remain in Lessor and such additions, improvements or
alterations shall be subject to all terms and conditions of this
instrument.
5.03. REMOVAL AND DEMOLITION. Lessee shall not remove or
demolish, in whole or in part, any improvements that already
exist on the Leased.Premises or ramp area without prior written
consent of the Director of Aviation of Lessor, who may, in his
discretion, condition such consent upon the obligation of Lessee
to replace the same improvements specified in such consent upon
termination of this Lease. The Director of Aviation shall not
withhold consent unreasonably and shall not impose unreasonable
conditions on his consent.
5.04. MECHANIC'S LIENS. Lessee shall not bind or attempt
to bind Lessor for payment of any money in connection with
installations, alterations, additions or repairs to the Leased
Premises or ramp area or to any of Lessee's equipment or
facilities located on the Leased Premises or ramp area and shall
not permit any mechanic's, materialman's or contractor's liens to
arise against the Leased Premises or ramp area or any
improvements, equipment, machinery or fixtures thereon belonging
to Lessor, and Lessee expressly agrees that it will keep and save
Lessor harmless from all costs and damages resulting from any
lien or liens of any character created or that may be asserted
through any act or thing done by Lessee.
5.05. LESSEE'S DUTY TO DEFEND. In the event any mechanic's
or other liens or orders for payment shall be filed against the
Leased Premises or ramp area or improvements thereon, or the
property of Lessor located thereon, during the term of this
Agreement, Lessee shall within ten (10) days cause the same to be
cancelled and discharged of record by bond or otherwise, at the
election and expense of Lessee, and shall also defend on behalf
of Lessor, at Lessee's sole cost and expense, any action, suit or
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proceeding which may be brought thereon or for the enforcement of
such liens or orders.
5.06. LESSOR'S RIGHT TO INSPECT. Lessor, acting by and
through its Director of Aviation or other designated
representative, shall have the right to inspect the Leased
Premises and ramp area at all reasonable times during the term of
this Lease.
5.07. JANITORIAL SERVICES. Lessee shall, at its own
expense, provide janitorial services on the Leased Premises.
Said services may be provided by Lessee alone, or by Lessee in
conjunction with other tenants who are now or may hereafter be
Lessees at the Airport.
5.08. MAINTENANCE BY LESSOR. Lessor shall be responsible
for and shall perform exterior building maintenance, including
roof structural maintenance and maintenance of heating and air
conditioning units, maintenance to parking lots, drives,
sidewalks and aircraft surfaces.
5.09. MAINTENANCE BY LESSEE. Lessee agrees that it will at
all times during the term of this Lease maintain, without cost to
Lessor, the Leased Premises and all facilities and equipment
therein (including but not limited to installed equipment owned
by Lessee) in a good and serviceable condition, ordinary wear and
tear excepted. Lessee shall relamp light fixtures as necessary
and shall repaint the interior of the Leased Premises as
necessary. All such maintenance, repairs and replacement shall
be of quality equal to the original condition in materials and
workmanship. All paint colors or schemes shall harmonize with
the decor of the Terminal Building and shall be subject to the
prior approval of the Director of Aviation of Lessor.
5.10. LESSEE'S DUTY TO REPAIR. Except as provided herein,
any property of Lessor, or for which Lessor may be responsible,
which is damaged or destroyed incident to the exercise of the
rights or privileges herein granted, or which damage or
destruction is occasioned by the negligence of Lessee, its
employees, agents, servants, patrons or invitees, shall be
properly repaired or replaced by Lessee to the satisfaction of
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Lessor and its authorized representatives, or -in lieu of such
repair or replacement, Lessee shall, if so required by Lessor,
pay Lessor money in any amount deemed sufficient by Lessor to
compensate for the loss sustained or expense incurred by Lessor
by reason of the loss of, damage to, or destruction of such
property.
5.11. TRASH DISPOSAL. Lessee shall, at its sole expense,
provide a complete and proper arrangement for the adequate
sanitary handling and disposal, away from the Airport, of all
trash, garbage and other refuse resulting from its business
operations authorized by this Agreement.
5.12. UTILITIES. Lessee agrees to pay for all utility
charges resulting from or connected with Lessee's use of the
Leased Premises and ramp area.
5.13. TAXES AND LICENSES. Lessee shall pay all taxes of
whatever character that may be lawfully levied or charged upon
Lessee's leasehold improvements and upon Lessee's use of the
Leased Premises and ramp area. Lessee shall obtain and pay for
all licenses or permits necessary or required by law for the
construction of any additional improvements, the installation of
equipment and furnishings, and any other licenses necessary for
the conduct of its business.
5.14. HOLD HARMLESS. Lessee agrees to indemnify, defend
and forever save Lessor, its authorized agents, representatives
and employees, harmless from and against any and all penalties,
liability, annoyances or losses resulting from claims or court
actions of any nature arising directly or indirectly out of any
acts or omissions of Lessee, its agents, servants, guests,
employees or business visitors under this Agreement.
5.15. PUBLIC LIABILITY AND PROPERTY DAMAGE INSURANCE.
Lessee shall maintain at all times during the term of this Lease,
at its sole expense, insurance with an insurance underwriter
acceptable to Lessor and authorized to do business in the State
of Texas, against claims of public liability and property damage
resulting from Lessee's business activities at the Airport. The
amount of insurance coverage shall not be less than ONE HUNDRED
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THOUSAND DOLLARS ($100,000) for property damages as a result of
any one event, or less than THREE HUNDRED THOUSAND DOLLARS
($300,000) for personal injury or death of any one person in any
one event, or less than FIVE HUNDRED THOUSAND DOLLARS ($500,000)
for personal injury or death of two or more persons in any one
event. All policies shall contain an agreement on the part of
the respective insurers, waiving the right of such insurers to
subrogation. Certificates of insurance or other satisfactory.
evidence of insurance shall be filed with the City Secretary of
the City of Lubbock and an additional copy of such certificates
given to the Director of Aviation prior to the commencement of
the initial term of this Lease. Each policy shall name the City
of Lubbock as an additional insured as its interest may appear,
require the insurer to notify the Director of Aviation of the
City of Lubbock, Texas, of any alteration, nonrenewal or
cancellation, and remain in full force and effect until at least
ten (10) days after such notice of alteration, nonrenewal or
cancellation is received by the Director of Aviation.
5.16. FIRE INSURANCE. Lessee shall insure for fire and
extended coverage risks all of Lessee's improvements on the
Leased Premises and ramp area and shall keep such insurance in
full force and effect during the entire term of this Lease. Such
insurance shall be in an amount equal to the full insurable
replacement value of such improvements. All fire insurance
policies shall contain loss payable endorsements in favor of the
parties as their respective interests may appear hereunder, and
an agreement on the part of the insurers waiving the right of
such insurers to subrogation. Lessee shall furnish three (3)
copies of certificates of insurance or other satisfactory
evidence of compliance with this provision to the City Secretary
of the City of Lubbock prior to the commencement of the initial
term of this Lease.
5.17. WORKERS' COMPENSATION. Lessee shall furnish to
Lessor satisfactory evidence that Lessee carries Workers'
Compensation Insurance in accordance with the laws of the State
of Texas.
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5.18. LESSEE SHALL VACATE. On or before the date of
expiration of this Agreement, Lessee shall, as required by
Lessor, vacate said Leased Premises and ramp area, remove all
property of Lessee, and restore the Leased Premises and ramp area
and any improvements, facilities and equipment thereon to as good
condition on such date of expiration as when received, ordinary
wear and tear excepted. If, however, this Lease is terminated
pursuant to Article VI, Lessee shall vacate the Leased Premises
and ramp area, remove said property, and restore the Leased
Premises and ramp area, and any improvements, facilities and
equipment thereon as aforesaid within thirty (30) days following
the date of such termination; provided, however, that Lessee's
right to remove its property is subject to the condition that
Lessee has paid in full all amounts due and owed to Lessor under
this Agreement. If Lessee shall fail or neglect to remove said
property and so restore the Leased Premises and ramp area and all
improvements, facilities and equipment thereon on or before said
expiration or within thirty (30) days of such termination, then
at the option of Lessor, said property shall either become the
property of Lessor without compensation therefor or Lessor may
cause such property to be removed, the Leased Premises and ramp
area and any improvements, facilities and equipment included
thereon to be restored at the expense of Lessee, and no claim for
damages against Lessor, or its officers, agents or employees
shall be created or made on account of such removal and
restoration.
5.19. NONDISCRIMINATION. Lessee, its agents and employees
will not discriminate against any person or class of persons by
reason of race, color, sex, religion or national origin in
providing any services or in the use of any of its facilities
provided for the public; nor shall Lessee discriminate against
any person or class of persons on the basis of age in a manner
that violates any prohibition against such discrimination under
the Age Discrimination Act of 1975, 42 U.S.C. 6101 et se .
Lessee further agrees to comply with such enforcement procedures
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as the United States might demand that Lessor take in order to
comply with the Sponsor's Assurances.
Lessee agrees to not discriminate against any employees or
applicants for employment because of race, color, age, sex,
religion or national origin. Lessee also agrees to take
affirmative action to insure that applicants are employed and
that employees are treated during employment without regard to
their race, color, age, sex, religion or national origin. Such
action shall include, but not be limited to, employment,
upgrading, demotion or transfer, recruitment, layoff, rates of
pay or other forms of compensation, and selection for training,
including apprenticeship.
Lessee will also conduct its activities and operate its
facilities in accordance with the requirements of Section 504 of
the Rehabilitation Act of 1973, and will assure that no qualified
handicapped person shall, solely by reason of his or her
handicap, be excluded from participation in, be denied the
benefits of, or otherwise be subjected to discrimination,
including discrimination in employment, under any program or
activity of Lessee.
5.20. WARRANTY OF NO SOLICITATION. Lessee warrants that it
has not employed any person employed by Lessor to solicit or
secure this Agreement upon any agreement for a commission,
percentage, brokerage or contingent fee.
5.21. NO ASSIGNMENT OR SUBLETTING. Except with prior
written consent of Lessor, Lessee shall not sublet any part of
the Leased Premises or assign any of its rights hereunder. No
such assignment or subletting made with Lessor's consent shall
affect Lessee's obligations to make all required rental and fee
payments hereunder upon default of any assignee or subtenant.
5.22. WAIVER. The failure of Lessor to insist in any one
or more instance upon performance of any of the terms or
conditions of this Lease shall not be construed as a waiver or
relinquishment of the future performance of any such terms or
conditions, and Lessee's obligation with respect to such future
performance shall continue to be in full force and effect.
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5.23. LESSOR'S RIGHT TO LEASE REMAINING PORTIONS OF
BUILDING. Lessee agrees that Lessor has the right to lease
remaining portions of the Old Terminal Building to any other
tenants as Lessor desires.
5.24. DUTY TO PREVENT UNAUTHORIZED ACCESS. Lessee shall
prohibit unauthorized persons from obtaining access or entry into
the air operations area and any other sterile area at the Airport
through those Airport premises which Lessee either controls or
has priority use of; and Lessee agrees that in the event that a
civil penalty or fine is levied against the Airport or Lessor as
a result of Lessee's failure to comply or act in accordance with
this provision, or any other applicable federal, state or local
statutes, ordinances, rules and regulations affecting the use,
occupancy or operation of any of said premises, Lessee shall
immediately reimburse the Airport or Lessor the full amount of
the penalty or fine and correct the act or omission leading to,
causing or contributing to the violation.
ARTICLE VI
TERMINATION
This Agreement is subject to termination for the reasons set
forth below, provided that thirty (30) days written notice is
given to the nonterminating party.
6.01. LESSEE'S RIGHT TO TERMINATE. Lessee.may terminate
upon the happening of any of the following:
A. The permanent abandonment of the Airport as an air
terminal.
B. The issuance by any court of competent jurisdiction of
an injunction in any way preventing or restraining the use
of the Leased Premises or ramp area for at least thirty (30)
days.
C. The breach by Lessor of any of the terms, covenants or
conditions of this Agreement to be kept, performed and
observed by Lessor, and the failure of Lessor to remedy such
breach for a period of sixty (60) days after written notice
from Lessee of the existence of such breach.
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D. The assumption by the United States Government, or any
authorized agency of same, of the operation, control or use
of the Airport and its facilities in such a manner as to
substantially restrict Lessee from operating under the terms
of this Agreement, if such restriction is to continue or has
continued for a period of three (3) months or more.
E. Lessee ceases operations at the Airport for six (6)
months after notifying the Director of Aviation of the City
of Lubbock in writing of the date on which Lessee -either has
ceased operations or intends to cease operations.
6.02. LESSOR'S RIGHT TO TERMINATE. Lessor may terminate
upon the happening of any of the following:
A. If Lessee shall file a voluntary petition of
bankruptcy; or if the proceedings in bankruptcy shall be
instituted against Lessee and Lessee is thereafter
adjudicated as bankrupt pursuant to such proceedings; or if
a court shall take jurisdiction of Lessee and its assets
pursuant to proceedings brought under the provisions of any
federal reorganization act; or if a receiver for Lessee's
assets is appointed under state or federal law; or if Lessee
shall be divested of its rights, powers and privileges under
this Agreement by other operation of law.
B. If Lessee shall abandon and discontinue operations
under this Agreement.
C. If Lessee shall default in or fail to make any rental
or fee payments at the time and in the amounts required
under this Agreement.
D. If Lessee shall fail to perform, keep and observe all
of the covenants and conditions contained in this Agreement
to be performed, kept and observed by Lessee.
E. If Lessee shall fail to abide by all applicable laws,
ordinances and rules and regulations of the United States,
State of Texas, City of Lubbock and Director of Aviation of
the City of Lubbock.
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F. If Lessor, acting in good faith, finds termination of
the rights, privileges and interests of Lessee acquired
under this Lease to be necessary to secure federal financial
aid for the development of the Airport, or further
development of aeronautical operations thereon.
6.03. FIRE DAMAGE. In the event the Leased Premises or
ramp area for which Lessee is herein granted priority use is
damaged by fire or other accidental cause during the term of this
Agreement so as to become totally or partially unusable, Lessor
shall have the option to restore such Leased Premises or ramp
area. If Lessor exercises its option to restore the same, Lessor
shall proceed with due diligence. If the damage is so extensive
as to amount practically to the total destruction of the utility
of the Leased Premises or ramp area for the uses expressed in
this Agreement, Lessee's obligation to pay rentals and fees
hereunder shall abate for the time and to the extent that the
Leased Premises or ramp area have been rendered unusable. Should
Lessor not exercise its option to restore the Leased Premises or
ramp area, this Lease shall terminate, such termination to be
effective on the date of damage by fire or other accidental
cause, and all rentals and fees due pursuant to this Agreement
shall be apportioned to that date.
ARTICLE VII
MISCELLANEOUS PROVISIONS
7.01. NOTICES. Notices to City provided for herein shall
be sufficient if sent by certified mail, postage prepaid,
addressed to the Director of Aviation, Route 3, Box 389, Lubbock,
Texas 79401, and notices to Lessee, if sent by certified mail,
postage prepaid, addressed to V.P. Properties, Federal Express
Corporation, Box 727, Memphis, Tennessee 38194, and if sent by
regular mail to the Director of Contracts, Box 727, Memphis, TN
38194, or to such other addresses as the parties may designate to
each other in writing from time to time.
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7.03. HOLDING OVER. In the event Lessee remains in
possession of the Leased Premises or continues its usage of the
ramp area after the expiration of this Agreement, without any
written renewal or extension of this Agreement, such holding over
shall not be deemed as a renewal or extension of this Lease, and
may be terminated at any time by Lessor.
Executed this 13th day of June , 1991.
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FEDERAL S C PORATION
CITY OF LUBBOCK, TEXAS
BY •
BY: ^
Pro ies er
t &
C. McM NN, MAYOR
Facilitkes
ATT T:
ST:
ss:.:f-I' SkAletaly
Rane to Boyd, City a tary
APP VED AS TO CONTENT:
Bern E. Case, Director of
APPROVED
Aviation
AS TO LEGAL FORM
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APPROVED AS TO FORM:
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LEGAL DEPT.
am
aroldWillard, Assistant
City Attorney
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