HomeMy WebLinkAbout2005-124S:\OUR D0CUMENTS\0rdinances\05UVC Airport Lease Assignmentdoc
ORDINANCE NO. A i�ZI)5--Aa T
AN ORDINANCE APPROVING AN ASSIGNMENT OF LEASEHOLD INTEREST IN AN
AIRPORT LEASE FROM JVC REAL ESTATE, LLC TO JANUARY AVIATION, LLC FOR
PROPERTY LOCATED AT 4705 SPARTAN DRIVE AT THE DENTON MUNICIPAL
AIRPORT; AND PROVIDING AN EFFECTIVE DATE.
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION 1. The City Manager or his designee is hereby authorized to execute an
Assignment of Leasehold Interest in Airport Lease from JVC Real Estate, LLC to January
Aviation, LLC, in substantially the form of the Assignment attached to and made a part of this
Ordinance for all purposes, to evidence the City's consent to the Assignment.
SECTION 2. This Ordinance shall become effective immediately upon its passage and
approval. /
PASSED AND APPROVED this the ,.:�CAL day of GGC 2005.
- &/., A�k
EULINE BROCK, MAYOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
BY:
APPROVED AS TO LEGAL FORM:
EDWIN M. SNYDER, INTERIM CITY ATTORNEY
BY:
C�00 W M8-IYbyJDG�LFi�TmpV V[ 4,m�a. W pnmt tlz
LEASE ASSIGNMENT OF PAD SITE AT DENTON
MUNICIPAL AIRPORT
DATE: May 3, 2005
ASSIGNOR: JVC Real Estate LLC
ASSIGNEE: January Aviation, LLC
LEASE: Date: April 20, 2004
Landlord: City of Denton, Texas
Tenant: JVC Real Estate LLC
Premises: The property located at 4705 Spartan Drive, Denton, Texas 76207
and more fully described in the attached Exhibit A which is made a
part of this Assignment for all purposes.
Assignor assigns to Assignee Tenant's interest in the lease.
A. Assignee Agrees To:
1. Assume Tenant's Obligations under the Lease.
2. Accept the premises in their present "as is" condition.
3. Complete all obligations of purchase from Assignor prior to this Assignment
becoming effective.
Landlord consents to this assignment. Landlord agrees to notify Assignor within 30 days of any
Assignee default.
B. Assignor agrees that:
1. Assignor will remain liable on the Lease should Assignee default on the Lease.
PREVIOUS ASSIGNMENTS: None
C�DOC111m.IW.M,�1dGUe-nl®W VCBpM AdP�tdoe
Attest:
Jennifer Walters, City Secretary
By:
Approved as to Legal Form:
Edwin M. Snyder, Interim City Attorney
By:
STATE OF TEXAS
COUNTY OF DENTON
This instrument was acknowledged before me on the j _q_ day of AT ri 1
2005, by John a. Vann, President of JVC Real Estate, LLC, a Texas IgnitedUaklity Company,
on behalf of said Company. f //
."..••oy BRANDT HEITZMAN v /
[SE �• @ Notary Pudic, State of Texas
My Commission Expires o Public, 9 to of Tea
/a,tte May 12, 2008 My Commission Expires 0
.mnM
(or Notary Stamp)
STATE OF TEXAS
COUNTY OF DENTON hexas
This instrument was acknowledged before me on theday of
2005, by Jim Lancaster, President of January Aviation, LLC, aLimited L ility Company,
on behalf of said Company. s _
[SEAL]
� 0760AAH A. THOMPS014
j�Notary Public
`7Jj Jy STATE OF TEXAS
My Comm. Exp. 11/12/200C:;;
w
Notary Public, State of Texas
My Commission Expires
(or Notary Stamp)
Page 2 of 3
CNOCVs4-Me[04ACAIS-1\TtmpUVC Spina �Vw ft
STATE OF TEXAS
COUNTY OF DENTON
This instrument was acknowledged before me on the g�< of
2005, by Michael A. Condu$ City Manager .on behalf the City of Denton, Tex municipal
Corporation.
"' ou •., ,IANE E. RICHARDSON
fJ 3>"• otary Public. State of Texas
My Commission Expires
TSUary Public, State of Texas
My Commission Expires ��J�
(or Notary Stamp)
Page 3 of 3