HomeMy WebLinkAbout2001-394s�., Oooumwb`ANIWocM01WryorvaMMe lJ
ORDINANCE NO A01-297"
AN ORDINANCE OF THE CITY OF DENTON, TEXAS AUTHORIZING THE CITY
MANAGER OR HIS DESIGNEE TO DEFER THE PAYMENT OF RENT FOR CERTAIN
LEASES AT THE DENTON MUNICIPAL AIRPORT, PROVIDING AN EFFECTIVE DATE
WHEREAS, due to the adverse impact on Denton Municipal Airport tenants resulting from
the airport closure caused by the recent terrorist attacks in New York and Washington D C staff has
recommended that the October 2001 rent payments for commercial leases be deferred as provided
herein, and
WHEREAS, on October 1, 2001 the Denton Airport Advisory Board recommended the
deferral of the October 2001 rental payments, and
WHEREAS, the City Council finds that the deferral of rental payments as provided herein is
in the public interest, NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS
SECTION 1 The City Manager, or his designee, is hereby authorized to defer October 2001
rental payments for all Denton Municipal Airport commercial leases as follows October 2001 rental
payments may be deferred so that one sixth of the October payment shall be due and payable on
April 1, 2001, May 1, 2001, June 1, 2002, July 1, 2002, August 1, 2002, and September 1, 2002 No
penalty or interest shall be charged for the deferred payments
SECTION 2 This ordinance shall become effective immediately upon its passage and
approval
PASSED AND APPROVED this the 1 (P — day of '2001
&A'fte" At4'
EULINE BROCK, MAYOR
ATTEST
JENN ER WALTERS, CI SECRETARY
BY
AP OVED AS TO LEGAL RM
HERBEjZT TY ATTORNEY
BY