1995-050termleas.ord
ORDINANCE NO. ~
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS,
APPROVING THE MUTUAL TERMINATION BY THE CITY OF DENTON, TEXAS AND
BRUCE BROWN OF THE "TRACT C" LEASE OF AIRPORT PROPERTY, SAID
PROPERTY CONSISTING OF 33,541.20 SQUARE FEET; REPEALING ORDINANCE
NO. 94-229; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the City of Denton had authorized the City Manager in
ordinance 94-229 to execute a lease of airport property to Bruce
Brown, said leased premises being identified therein as "Tract C";
and
WHEREAS, John K. Selvidge wishes to enter into a lease with the
City of Denton for 26,791.04 square feet within this "Tract C"
property; and
WHEREAS, Bruce Brown favors the assignment of his interest in
26,791.04 square feet of the "Tract C" to John K. Selvidge, but
does not wish to remain obligated under his lease for the remain-
der; and
WHEREAS, upon application by Bruce Brown and John K. Selvidge,
it was the recommendation of the Denton Airport Advisory Board to
lease the 26,791.04 square feet of the "Tract C" property to John
K. Selvidge and terminate by mutual agreement the "Tract C" lease
with Bruce Brown; NOW, THEREFORE;
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION I. That the lease of airport property entered into
between the City of Denton and Bruce Brown on December 6, 1994,
pursuant to Ordinance 94-229, for 33,541.20 square feet of airport
property identified as "Tract C" is hereby terminated by mutual
consent upon the execution by the City of Denton and John K.
Selvidge of a new lease for 26,791.04 square feet of property
located therein, Mr. Brown's consent being evidenced by the
document attached hereto as Exhibit A.
SECTION II. That Ordinance 94-229, authorizing the City
Manager to execute the "Tract C" lease between the City of Denton
and Bruce Brown is hereby repealed.
SECTION III. That this ordinance shall become effective
immediately upon its passage and approval.
PASSED AND APPROVED this the ~-/day of ~, 1995.
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
MICHAEL A. BUCEK, ACTING CITY ATTORNEY
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PAGE 2
2/10/95
This letter is to notify the city of Denton, Texas that I would like to relinquish
my ground lease at the Denton airport known as "Tract C" drawn on the
attached survey. The timing of this would coincide and become effective at
the same time that John Selvage entered into a ground lease with the city of
Denton, Texas on any of the same ground previously leased by Bruce Brown
m "Tract C".
Bruce Brown