2010-177ORDINANCE NO. 2010-177
AN ORDINANCE APPROVING AN ASSIGNMENT OF A LEASEHOLD INTEREST IN AN
AIRPORT LEASE AGREEMENT AT DENTON MUNICIPAL AIRPORT FROM ROBBY
RITCHEY TO ALAN RITCHEY, INC. LOCATED AT 4849 SPARTAN, DENTON, TEXAS
AT THE DENTON MUNICIPAL AIRPORT AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, Robby Ritchey has requested that the Airport Lease Agreement at 4849
Spartan, dated May 15, 1998 be assigned to Alan Ritchey, Inc.; and
WHEREAS, the Airport Board has approved the Assignment and Lease Amendment; and
WHEREAS, the City Council deems it in the public interest to approve this Assignment;
NOW, THEREFORE,
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 a leasehold interest in an Airport Lease Agreement, at the Denton Municipal
Airport from Robby Ritchey to Alan Ritchey, Inc. attached as Exhibit A 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 ~W# day of , 2010. 11
M RK A. B O , MAYOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
BY:
APPROVED AS TO LEGAL FORM:
ANITA BURGESS, CITY ATTORNEY
BY:
LEASE ASSIGNMENT OF
COMMERCIAL OPERATORS LEASE AT
DENTON MUNICIPAL AIRPORT
DATE:
ASSIGNOR: Robby Ritchey
ASSIGNEE: Alan Ritchey, Inc.
LEASE: Date: May 15, 1998
Landlord: City of Denton, Texas
Tenant: Robby Ritchey
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.
B. Landlord consents to this assignment. Landlord agrees to notify
Assignor within 30 days of any Assignee default.
C. Assignor agrees as a condition of Landlord's consent to this
Assignment that:
1. Assignor will remain liable on the lease should Assignee default on
the lease.
2. Assignor will pay or will have the Assignee pay the Landlord a
five hundred dollar ($500.00) transfer fee.
3. Assignor will pay or will have the Assignee pay all the Landlord's
administrative costs of handling and processing this Assignment,
including without limitation, all Landlord's reasonable attorney
fees and Landlord's staff time associated with this assignment.
PREVIOUS ASSIGNMENTS: Lease was originally assigned to Alan Ritchey, Inc. and
transferred to Robby Ritchey on October 6, 1998 by Resolution R98-054.
Page 2 of 3
For Robby Ritchey, Assignor
y Ritch
For Alan Ritchey, Inc., Assignee
City of De
"~beo(rge C. Campbell, City Manager
Attest:
Jennifer Walters, City Secretary
By:
Approved as to Legal Form:
Anita Burgess, City Attorney
By:
STATE OF TEXAS
COUNTY OF DENTON
This instrument was acknowledged before me on the 94kday of,
201, by Robby Ritchey, airport lessee.
[Seal] D UU A) ~L
Notary Public, State of Texas
My Commission Expires 5-,20.1
(or Notary Stamp)
EOf DIANE HOGAN
Notary Public, State of Texas
My Commission Expires
3-20.2014
Page 3 of 3
STATE OF TEXAS
COUNTY OF DENTON
This instrument was acknowledged before me on the g4 day of,
20 10, by Alan Ritchey, Inc.
[Seal] G"L ~0 11~
Notary Public, Stat of Texas
My Commission Expires
(or Notary Stamp)
ENotaryftllc, GAN
* te of Texas
Expires
14
STATE OF TEXAS
COUNTY OF DENTONAday This instrument was acknowledged before me on the of ,
20 /0 , by George C. Campbell on behalf of the City of Denton, Texas, a unic' al
corporation.
JANE E. RICHARDSON
Notary Public, State of Texas
«5 My Commission Expires
N'.
~ ~;;June 27, 2013
N ary Public, State of Texas
My Commission Expires /
(or Notary Stamp)