HomeMy WebLinkAbout26-1689 INCOMPLETEDocusign Envelope ID: 124F51F5-EOAF-80C7-8233-ED6C667BFA42
ORDINANCE NO.26-1689
AN ORDINANCE OF THE CITY OF DENTON APPROVING A SETTLEMENT
AGREEMENT AND RELEASE AGREEMENT TERMINATING AN AIRPORT LEASE
AGREEMENT WITH HANGAR CLUB, LLC; AUTHORIZING THE ASSIGNMENT OF THE
LICENSE AGREEMENT; DIRECTING THE CITY MANAGER AND THE CITY'S
ATTORNEYS TO EFFECTUATE AS NECESSARY AND APPROPRIATE THE TERMS OF A
SETTLEMENT AGREEMENT AND RELEASE TO EFFECTUATE THIS APPROVAL; AND
DECLARING AN EFFECTIVE DATE.
WHEREAS, the City of Denton (the "City") owns and operates the Denton Enterprise
Airport ("DTO") in Denton, Denton County, Texas, and is the sponsor of DTO for purposes of the
federal Airport Improvement Program administered by the Federal Aviation Administration; and
WHEREAS, Hangar Club, LLC ("HC"), as lessee, and the City, as lessor, are parties to
that certain Airport Lease Agreement dated June 17, 2025 (the "HC Lease"), pursuant to which
Assignor leased from the City approximately 344,687 square feet of land at DTO, as more
particularly described in the HC Lease (the "Hangar Club Property"); and
WHEREAS, HC, as licensor, and US Aviation Group, LLC, a Texas limited liability
company ("Licensee"), as licensee, are parties to that certain Revocable Land Access License
Agreement dated as of June 18, 2025 (the "License"), pursuant to which Assignor granted to
Licensee an exclusive and revocable license to use the gravel parking lot portion of the Hangar
Club Property; and
WHEREAS, HC and the City have entered into that certain Settlement Agreement and
Mutual Release (the "Settlement Agreement), pursuant to which, among other things, (i) the HC
Lease is terminated effective as of the Effective Date, (ii) HC has agreed, pursuant to Section 5 of
the Settlement Agreement, to assign the License to the City effective as of the Effective Date, and
(iii) the City has agreed, pursuant to Sections 3 and 5 of the Settlement Agreement, to credit all
License Fee Payments received by the City under the License (or any successor agreement thereto)
on or before March 31, 2027, dollar for dollar, against the settlement installments payable by
Assignor under Section 3 of the Settlement Agreement; and
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION 1. The City Council hereby ratifies and approves the proposed settlement of
the termination of the HC Lease, under terms set forth in the attached Settlement Agreement and
Release.
SECTION 2. The City Manager or designee and the City's Attorneys are hereby authorized
to act on the City's behalf in approving and executing any and all documents necessary or
appropriate to effectuate the terms of the settlement, and to take other actions necessary to finalize
the settlement including the Settlement Agreement and the assignment of License.
SECTION 3. This ordinance shall become effective immediately upon its passage and
approval.
Docusign Envelope ID: 124F51F5-EOAF-80C7-8233-ED6C667BFA42
The motion to approve this ordinance was made by Joe Holland and
seconded by Jill Jester . This ordinance was passed and approved
by the following vote r - 0 ]:
Aye Nay
Mayor Chris Watts:
V.
Jordan Villarreal, District 1:
Nick Stevens, District 2:
Suzi Rumohr, District 3:
Joe Holland, District 4:
George Ferrie, At Large Place 5:
Jill Jester, At Large Place 6:
V.
PASSED AND APPROVED this the 27th day of October
ATTEST:
KRISTI GILBERT, CITY SECRETARY
APPROVED AS TO LEGAL FORM:
MACK REINWAND, CITY ATTORNEY
BY:FDoeuSigned by:
l.al''l�. L)j�
Abstain Absent
W
CHRIS WATTS, MAYOR
2026.
Docusign Envelope ID: 124F51F5-EOAF-8OC7-8233-ED6C667BFA42
EXHIBIT "A"
Settlement Agreement and Release
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