HomeMy WebLinkAboutResolution - 3394 - Assignment Consent - TAC Inc To Abilene Aero Inc - Lease Hold Intersect - 06/14/1990HW:dw
RESOLUTION
Resolution # 3394
June 14, 1990
Item #27
WHEREAS, the City of Lubbock, Texas, as Lessor, presently has three
Fixed Base Operator Agreements with Lubbock's Texas Air Center, Inc., as
Lessee/Assignee, which Agreements and Addendums thereto are attached hereto
and collectively referred to hereinafter as the "Ground Leases;" and
WHEREAS, Lubbock's Texas Air Center, Inc. now desires to assign its
leasehold interest in said Ground Leases to a Texas corporation known as
Abilene Aero, Inc., hereinafter called "Purchaser;" and
WHEREAS, each of the Ground Leases requires that the Lessee obtain
prior written consent of the City before assignment of any interest therein;
and
WHEREAS, Lessor does not object to the assignment of said Ground
Leases by Lubbock's Texas Air Center, Inc. to Purchaser on condition that
Purchaser will assume all of Lessee's obligations under the Ground Leases
and provided that all rentals and other fees due Lessor and in arrears at
the time of the assignment are paid to Lessor within a reasonable time
following closing of the transaction in which said Ground Leases are
assigned; and
WHEREAS, Purchaser is willing to assume all of Lessee's obligations
under the Ground Leases and adhere to all terms and conditions contained
therein; and
WHEREAS, it would be in the best interest of the citizens of the City
of Lubbock if Lessor consented to the assignment pursuant to the terms and
conditions above stated; NOW THEREFORE:
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
SECTION 1. THAT the City hereby consents to an assignment by
Lubbock's Texas Air Center, Inc. of its leasehold interest in the
aforementioned Ground Leases to Abilene Aero, Inc., on condition that the
Purchaser will assume all of Lessee's obligations under the Ground Leases
and agree to adhere to all terms and conditions contained therein, and
subject to the City's receipt of all past due rentals and other fees due the
City following closing of the transaction wherein the Ground Leases are
assigned to Abilene Aero, Inc.
Passed by the City Council this 14th day of June , 1990.
e soya, pity beoretary
APPROVED AS TO CONTENT:
ern E. Case, Director of Aviation
APPROVED AS TO FORM:
narold WillaM, Assistant City
Attorney
- 2 -
t
B. C. McMININ, MAYOR
HW:dw
RESOLUTION
Resolution #.3394
June 14, 2990
Item #2?
WHEREAS, the City of Lubbock, Texas, as Lessor, presently has three
Fixed Base Operator Agreements with Lubbock's Texas Air Center, Inc., as
Lessee/Assignee, which Agreements and Addendums thereto are attached hereto
and collectively referred to hereinafter as the "Ground Leases;" and
WHEREAS, Lubbock's Texas Air Center, Inc. now desires to assign its
leasehold interest in said Ground Leases to a Texas corporation known as
Abilene Aero, Inc., hereinafter called "Purchaser;" and
WHEREAS, each of the Ground Leases requires that the Lessee obtain
prior written consent of the City before assignment of any interest therein;
and
WHEREAS, Lessor does not object to the assignment of said Ground
Leases by Lubbock's Texas Air Center, Inc. to Purchaser on condition that
Purchaser will assume all of Lessee's obligations under the Ground Leases
and provided that all rentals and other fees due Lessor and in arrears at
the time of the assignment are paid to Lessor within a reasonable time
following closing of the transaction in which said Ground Leases are
assigned; and
WHEREAS, Purchaser is willing to assume all of Lessee's obligations
under the Ground Leases and adhere to all terms and conditions contained
therein; and
WHEREAS, it would be in the best interest of the citizens of the City
of Lubbock if Lessor consented to the assignment pursuant to the terms and
conditions above stated; NOW THEREFORE:
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
SECTION 1. THAT the City hereby consents to an assignment by
Lubbock's Texas Air Center, Inc. of its leasehold interest in the
aforementioned Ground Leases to Abilene Aero, Inc., on condition that the
Purchaser will assume all of Lessee's obligations under the Ground Leases
and agree to adhere to all terms and conditions contained therein, and
subject to the City's receipt of all past due rentals and other fees due the
City following closing of the transaction wherein the Ground Leases are
assigned to Abilene Aero, Inc.
Passed by the City Council this 14th day of June , 1990.
T:
Kanette Boyd, City -Yetretary
APPR VED AS TO CONTENT:
B n E. Case, Director of Aviation
APPROVED AS TO FORM:
&x4a/k/j,idi
Urold Wi lar Assistant City
Attorney
- 2 -
B. C. McMIN , MAYOR