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2015-377ORDINANCE N0. 2015-377 AN ORDiNANCE ESTABLISHING AN ECONOMIC DEVELOPMENT PROGR.AM UNDER CHAPTER 380 UF 'I'HE LOCAL GOVERNMENT CODE FOR MAKING GRANTS OF PUBLIC MONEY TO PROMOTE ECONOMIC DEVELOPMENT AND TO STIMULATE BUSINESS ACTIVITY 1N THE CITY OF D�NTON; APPROVING AN ECONOMIC DEVELOPMENT PROGRAM GR.ANT AGREEMENT WITH US AVIATION GROUP, LLC, SETTING FURTH THE VARIOiJS CONDITIONS PRECEDENT TO US AVIATION GROUP, LLC RECEIVING THE PROGRt1M GRANT; PR�VIDING FOR A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, US Aviation Group, LLC ("Grantee") has made a request of the City of Denton to establish an economic development program under Chapter 380 of the Texas Local Government ("Chapter 380") to stimulate the development af cominercial property within the City of Denton; and WHEREAS, the City Council by this ordinance is establishing an economic development program under Chapter 380 which will stimulate business activity in the City and promote the public interest (the "Program"); WHEREAS, to effectuate the Program, the City and Grantee have negotiated an Economic Development Grant Agreement (the "Agreement"), a copy of which is attached hereto and made a part hereof by reference; and WHEREAS, the City Council finds that the Program and Agreement promote economic development a�ld will stimulate commercial activity within the City of Denton for the benefit of the public; NOW, THEREFORE; THE COUNCIL OI' TIIE CTTY OF DENTON HEREBY ORDAINS: S�CTION 1. The recitals and iindings contained in the preamble of this ordinance are incorporated into the body of this ordinance. SECTION 2, The City Manager, or his designee, is hereby authorized to execute the Agreement on behalf of the City of Denton and to carry out the City's respansibilities and rights under the Agreement, including without lim.itation the authorization to make the expenditures set forth in the Agreeinent. SECTION 3. This ordinance shall beconne effective immediately upon its passage and _w��._._............__......� approval. PASSED AND APPROVED this the �� day of _� ��, '� __���� 2015, � ........�� ,,, �� � � JV �, �., �, � / � �� ,f �,�� � ,� �� .,�� � � ��,�Y..� eee�m._� _ �... .A. CHRIS WA � �'� � OR c;\users\106796.codad\documents�2-ord us aviation group, Ilc 380.doc ATTEST: JENNIFER WALTERS, CITY SECRETARY : '� AS�":�"�� LEGAL FORM: �1�4fl'[�� ���J��C��^��5, CITY ATTORNEY � � � � � ,��� BY; ����'���..... � "�; �� '°� �,,°" . �� _. ��� � � � :�" ��f �;°, *�,.� Page 2 ECONOMIC DEVELOPMENT PROGRAM GRANT AGREEMENT WITH U S AVIATION GROUP, LLC This Economic Development Program Grant Agreement ("Agreement") is made and entered into as of the effective date provided for below, by U S AVIATION GROUP, LLC, and the CITY OF DENTON (the "City"), a Texas municipal corporation, for the purposes and considerations stated below: WHEREAS, this Agreement is authorized by and made pursuant to the economic development program provisions of Chapter 380 of the Texas Local Government Code (the "Act") to promote local economic development and to stimulate business and commercial activity in the City of Denton; and WHEREAS, Grantee is contemplating the development of and improvements to that certain real property located within the city limits of the City as more particularly described in Exhibit "A" attached hereto and made a part hereof by reference (the "Property") and new aviation training simulation and/or support equipment and aircraft owned and/or controlled by Grantee and located at Denton Enterprise Airport; and WHEREAS, on September 8, 2015, Grantee submitted an application for economic development incentives with various attachments to the City concerning the contemplated use and development of the Property, which is on file in the City's Office of Economic Development, a copy of which is attached hereto and made a part hereof by reference as Exhibit "B" (the "Application for Economic Development Incentives"); and WHEREAS, the City Council finds that the contemplated use and development of the Property, the proposed improvements provided for herein and the other terms and conditions of this Agreement will promote economic development and will stimulate development activity within the City of Denton for the benefit of the public; and WHEREAS, the Economic Development Partnership Board (EDPB) reviewed the US Aviation Group, LLC incentive request at their November 11, 2015 meeting and recommended approval of a 70% incentive grant for a period of three years, unanimously: 9-0. NOW, THEREFORE, the City and Grantee for and in consideration of the Property and the promises contained herein do hereby contract, covenant and agree as follows: I. CONDITIONS OF THE GRANT A. In consideration of a Grant Agreement and subject to the Grantee meeting all the terms and conditions of the Grant as set forth herein, the City hereby grants the following: A Grant equal to 70% of City ad valorem taxes, as determined by the Denton Central Appraisal District, attributable to the assessed value of Improvements located on the Property (as both such terms are defined herein) and new aviation training simulation and/or support equipment and aircraft owned and/or controlled by Grantee and located at Denton Enterprise Airport for a period of three (3) years commencing December 31, 2015, over the assessed value of the Improvements located on the Property and any business personal property owned and/or controlled by Grantee and located at Denton Enterprise Airport on December 31, 2014. If such increase in investment in Improvements is less than $5,000,000 by December 31, 2016, the City shall have the right to terminate the Grant. In the event of such termination the Grantee shall refund to the City fifty percent of all previous Grant payments, and all Grant payments for future years shall be terminated. B. A condition of the Grant is that, by December 31, 2016 (subject to force majeure delays not to exceed 180 days), Grantee shall have made Improvements on or to the Property, which result in an increase in the assessed values, as determined by the Denton Central Appraisal District, as contemplated by Section I.A.1. For the purposes of this paragraph, the term "force majeure" shall mean any circumstance or any condition beyond the control of Grantee, as set forth in Section XIV "Force Majeure" which makes it impossible to meet the above-mentioned time restraints. C. The terms "Improvements or Contemplated Improvements" are defined as the construction, renovation and equipping of the Property including but not limited to (1) costs related to the development and improvement of the real estate, including, without limitation, construction costs and design and engineering costs; (2) tangible personal property in the form of additional aviation training simulation and support equipment and aircraft located on or at Denton Enterprise Airport owned and/or controlled by Grantee, excluding inventory and supplies. The kind and location of the Contemplated Improvements is more particularly described in the Application for Grant. D. A condition of the Grant is that the Contemplated Improvements be constructed and the Property be used substantially in accordance with the description of the project set forth in the Application for the Grant. E.. A condition of the Grant is that throughout the term of the Grant, the Contemplated Improvements shall be operated and maintained for the purposes set forth herein so that the use of the Property shall be consistent with the general purpose of encouraging development or redevelopment of the City except as otherwise authorized or modified by this Agreement. 2 F. A condition of the Grant is that the Contemplated Improvements in the form of aviation simulation training and/or support equipment and aircraft be owned and/or controlled by Grantee at Denton Enterprise Airport and used substantially in accordance with the description of the project set forth in the Application for the Grant. G. A condition of the Grant is that the City shall have the right to terminate the Grant if the Grantee does not occupy the Contemplated Improvements continuously for the term of the Grant for the purposes set forth in the Grant Application. In the event of such termination the Grantee shall refund to the City fifty percent of all previous Grant payments, and all Grant payments for future years shall be terminated. I. Grantee agrees to comply with all the terms and conditions set forth in this Agreement. II. TERMS AND CONDITIONS OF GRANT A. Subject to the terms and conditions of this Agreement, the City hereby agrees to pay to Grantee, on an annual basis, an amount equal to 70% of the difference between: (a) the then current City ad valorem taxes for the Property and the Improvements (as both such terms are defined herein), minus, (b) City ad valorem taxes payable for the Property and the Improvements on January 1, 2015, and minus (c) any ad valorem taxes on business personal property owned and/or controlled by Grantee and located at Denton Enterprise Airport on January 1, 2015, (with the resulting payments known as the "Annual Payments"), such Annual Payments to be subject to the terms and conditions provided in this Agreement. B. Grantee shall have the right to protest and contest any or all appraisals or assessments by the Denton County Appraisal District for the Property, the Improvements or any other tangible personal property owned and/or controlled by Grantee and located at Denton Enterprise Airport.. All calculations in this Agreement shall be based upon final assessed values after any such protest or contest. C. The Annual Payments shall be for a term not to exceed three (3) years with the first payment being due and payable on or before 90 days after the City is in receipt of all City ad valorem taxes due and payable for the Property and Improvements as of January 1 S� 2016 (the "Beginning Date"), and, unless sooner terminated as herein provided, shall end after the third Annual Payment. All subsequent Annual Payments shall be due and payable on or before 90 days after the City is in receipt of all ad valorem taxes due and payable for the Property and Improvements as of January 1 for the respective subsequent years. 3 III. RECORDS, AUDITS, AND EVALUATION OF PROJECT A. Grantee shall provide access and authorize inspection of the Property by authorized City employees and allow sufficient inspection of financial information to insure that the Improvements are made according to the specifications and conditions of this Agreement. Such inspections shall be done in a way that will not interfere with Grantee's business operations. The City shall, on an annual basis, evaluate the Project to ensure compliance with this Agreement. Grantee shall provide information to the City on a form provided by the City for the evaluation. The information shall include, without limitation, an inventory listing the kind, number, and location of and the total investment value of all improvements to the property, including the value of all buildings and other structures and permanent improvements installed, renovated, repaired or located on the Property. An annual rendering of all business personal property shall be included identifying all business personal property owned and/or operated by Grantee at Denton Enterprise Airport.. IV. FAILURE TO MEET CONDITIONS In the event (i) Grantee or the Owner of the Property allow their ad valorem real property taxes owed to the City with respect to the Property or Building, or ad valorem taxes owed to the City with respect to any tangible personal property owned and/or controlled by the Grantee and which are located at Denton Enterprise Airport to become delinquent and fails to timely and properly follow the legal procedures for protest and/or contest of any such ad valorem-real property or tangible personal property taxes; or, (ii) any other material conditions of this Agreement are not substantially met, including the Grant Conditions, then a"Condition Failure" shall be deemed to have occurred. It is understood that a Condition Failure shall not be deemed to occur merely because at a particular time it cannot be determined whether such condition will be met, but shall occur only if at a particular time it can be determined that such condition will not be met after notice and reasonable opportunity by Grantee to cure such failure. In the event that a Condition Failure occurs, the City shall give Grantee written notice of such Condition Failure and if the Condition Failure has not been cured or satisfied within ninety (90) days of said written notice, this Agreement may be terminated by the City; provided, however, that if such Condition Failure is not reasonably susceptible of cure or satisfaction within such ninety (90) day period and Grantee has commenced and is pursuing the cure or satisfaction of same, then after first advising the City of efforts to cure or satisfy same, Grantee may utilize such additional time as may be reasonably required to cure such Condition Failure, but not less than ninety (90) days nor more than one hundred eighty (180) days. Time in addition to the foregoing may be authorized by the City Council. If a Condition Failure is not cured or satisfied after the expiration of the applicable notice and cure or satisfaction periods ("Condition Failure Default"), as City's sole and exclusive remedy, the Annual Payment shall be terminated with respect to the year in which notice of the Condition Failure is given and for all future years, and 4 Grantee shall repay to the City an amount equal to fifty percent of all previous Grant payments made to Grantee; and thereafter no repayment is required. V. ASSIGNMENT This Agreement and Grantee's rights and obligations hereunder may not be assigned without prior notice to and approval by the City. VI. NOTICE All notices called for or required by this Agreement shall be addressed to the following, or such other party or address as either party designated in writing, by certified mail postage prepaid or by hand delivery: COMPANY: US Aviation Group, LLC J. Michael Sykes, CEO 4850 Spartan Drive Denton, Texas 76207 CITY: City Manager City of Denton 215 E. McKinney Denton, Texas 76201 VII. CITY COUNCIL AUTHORIZATION l��� �+� ��r�����1 �� authorized by the City Council at its meeting on the mmm�� �__„ ��y �kl`,�����'��������. ,��� � 5, authorizing the City Manager to execute this Agreement on 1��:,�����f.��d t.M�� t��i�}�. VIII. BOARD OF DIRECTORS AUTHORIZATION US Aviation Group, LLC represents that this Agreement is entered into by US Aviation Group, LLC pursuant to authority of its Chief Executive Officer. A certificate of the Chief Executive Officer of US Aviation Group, LLC supporting this representation is attached hereto and made a part hereof as Exhibit C. IX, 5 SEVERABIILTY In the event any section, subsection, paragraph, sentence, or phrase is held invalid, illegal or unconstitutional, the balance of this Agreement shall stand, shall be enforceable and shall be read as if the parties intended at all times to delete said invalid, illegal or unconstitutional provision. X. ESTOPPEL CERTIFICATE Any party hereto may request an estoppel certificate from another party hereto so long as the certificate is requested in connection with a bona fide business purpose, The certificate, which if requested will be addressed to US Aviation Group, LLC, shall include, but not necessarily be limited to, statements that this Agreement is in full force and effect without default (or if default exists the nature of default and curative action, which should be undertaken to cure same), the remaining Term of this Agreement, the levels and remaining Term of the Annual Payments in effect, and such other matters reasonably requested by the party(ies) to receive the certificates. XI. US AVIATION GROUP, LLC STANDING Grantee, as a party to this Agreement, shall be deemed a proper and necessary party in any litigation questioning or challenging the validity of this Agreement or any of the underlying ordinances, resolutions, or City Council actions authorizing same and Grantee. shall be entitled to intervene in said litigation. XII. APPLICABLE LAW This Agreement shall be construed under the laws of the State of Texas. Venue for any action under this Agreement shall be the appropriate court serving Denton County, Texas. This Agreement is fully performable in Denton County, Texas. XIII. FORCE MAJEURE If, because of flood, fire, explosions, civil disturbances, strikes, war, acts of God, or other causes beyond the control of either Party, either Party is not able to perform any or all of its obligations under this Agreement, then the respective Party's obligations hereunder shall be suspended during such period but for no longer than such period of time when the party is unable to perform. � XIV. ENTIRE AGREEMENT This Agreement is the entire agreement of the parties and may only be modified by a written instrument executed by both parties. XV. EFFECTIVE DATE This Agreement is effective as of the �':`�� day of _ ,, 2015. --- _......� CITY OF D1:��1� 1"()�] � ���/1,� �� , � 9 ,� ,� � � � � BY � � �� ���° .w GI�("�R�G�C. C:� � ..,� � �� ...::...� ' ^ � `� � l� [�3 � ��� 1�U� CITY MANAGER ATTEST: JENNIFER WAL`1'��1��,�.�;ITY SECRETARY I: APPROVED AS TO FORM: ANITA BURGESS, CITY ATTORNEY BY: �.. . �u� . ��„��„� ..,,.,�°� w� ,.���.m �� ,� � �° � �� � � � � ��� W ° �,;�•� � c'-�'' � ..... US AVIATION GROUP, LLC � �'.'",� ` �" ,,,,� � � ,,�:�'� , BY �J. Michael Syk s�� � �������� � 7 ACKNOWLEDGMENTS STATE OF TEXAS COUNTY OF DENTON The foregoing � s�����c�i��i� I��ve ls�g��m��a����� Program Agreement was executed before me on the��day of �;�"���^��, _�� _, 2015 by George C. Campbell, City Manager of the City of Denton, Texas, a Texas municipal corporation, on behalf of said municipal corporation. ����� ��� Opl6k@g� IIp. . II�pd II��.II .p.qIIMµP�W� ��P�b� ��� WNUq 0"p�u�0. � ��",'� u �gtlur���"u�.�nu�°utlVu���u,�u��urv�n��l��p�ii�� �a�� � � � • ���u�� �� � u � riadoYr � �o,„„ .... ,e��� �.��� �.�-��m ti . � � STATE OF TEXAS COUNTY OF DENTON �„„na � ee�n "����� ...�a�_.-���� � .. ..�. �c Il�k�; Notary Public in and for the State of Texas The foregoing Economic 1����la��rr��c,��t Program Agreement was executed before me on the � day of �'�,�.� �,v��� ������. 2015 by J. Michael Sykes, CEO of US Aviation Group, LLC, a Texas corporation, on behalf of said corporation. y�w IY4NNPYdbA ��,��������+� ANDREA J, ATKINSON ��;� "r Notary Public, State of Texas � My Commission Expires � �, ,,�� ,� �r,,����„� March 25, 2018 8 �� � � � � �� � � _ ,��� �" �_ � �.�,�. -� -- — —�-.��... ,..,.. 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Prope D lption. aaawmAtte a co of e le escri tion do ,�.�._.�.. �oo. �. ..._._.�,.�,..,., -�,,��, .�..,w� ��M,M _�... �� ,�,...� py�� � � p 's ete� �n oun . ..� _.�.,. ._._�� _ w..,��,o .�,. �,�-.��,,�m� .�.�,.��. ��..���,m„�. � ��,�,�„�.�,���,� � ���� ��.,��o�,. ...�w - Attech ma of projact lnctuding alt roadw�ys, laad use and zoning,within 500 ftet of atta ���,� � � � �� �° , A, � , .'�. . �"' �' � w"�� r�Y ��.... � �� � "�...�. �.�.�„� _.� � , � .�. � "� �^ � � �"'... � �_+"'�.,�r_ �� � � �.�....��_��_ �.��.....� A. Curront Valuo. ACtach copy aat' B�t��� p E�u� atate nt �+�r�� the ���wGt�a�� Coun Central a������r�����1 Uistrict lnclude both real (land end tmproveroents) and pcxsanal properiy). � ��u� �^� y���pa � ca ��.. „�.�"..�,�£,.�,��.;��'! �.....��a����":�'��.�?!�'��_��[�,..�����,�'��.�.��f�.��r��.. �..�,w.��......µ 9, [ncre..� . 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I,i�t th� job tit� �cad nusrbber �f p�sit[oa� ie� �ch r�eegory th�t �will E� orraployed ehe f 1t4 rovl e �v�r� a f�r ch �� ��r, � � ,,�. � ��-�� ������°� � , ��" �� ,m �� 0a r.� ..._�. .�.� � ��" � �� .� �� . ,� , a_. . . .m.._.u�»,�.�; "�� ai�v��.�d"ar�� �.d i� � a� a�k m �"^ �� "�� � � . r a"� ���ir��'� tl u� ^^ m._,� � 6y /q° �._... � d r u� ,� d�� � �� �� m�' �to � r � � � �"�^a a� � � d r �� �a�.� d� �' � � �i� � �d�/�,,+� � .� .� . � w �" �» ...� ��r ,� .,.Yri� � �_ .»—�_ . ���..n.....�l,�.5�A4"���i�..�.�,�;������,�,..����6� ���a"�� ��rad�»��wN 7�"�wkp� ��rF �'�'� � �'�� �'"��� ��m�� a� ,� �''���d�e, � 6,-� ,��^ '�a.a",d.,�:�:d:.t"'°�:�.,�¢±k�'�..�°ro�N�..B°�.Y�.�°.,�r„�.,�`��_$.""k�....[�����..��.,'�','.�..'�".,�'�.`��a �._,�;.,,��..��,'�^�'.Y".�?.W;�,.�,....� y�a"� x"_",.�,�,,,k.""�..�7r'.�.No���.:��:�_�PcWuo M� ,. . , '�..,�„ . , %�'�'� � a� t a��. °°�'°��Z�Q: °8a"� s�Dr �" �� '� ° „,� ° ,��, �..,�„�... ti � � �+w� R �� ��M� _.,'.� ��� ��� t ! (� �� `� �,��-�.��r� r+��'' � "�� „�r+�a �" a �',�r".� ��� `� � � L.��� / � � �-q�� r �...� � �_a,e ..._._� °�c� ��/ i � ir M '� Electrio �,� Wh VJeter ��.� 1.�° � r�o � � �"� � � o�.� , �,���� ....�. � �.e.� n m� o� Westewater , . 8pd de� „� ,� f � � � a....� _. . .. ,.,.�� �����.��" � �,�,..... a � . „�._._._ ����_ o ���� .�.�.��...._._.��..�. � .._ p�. Descdbe any other dlrect benefife to the City of Denton�ae a reault �a�"'td����ProJect (e,g., asks tax revenue mm or project elamants i ntifi In T Abate ent Policy, Sccti n� .m.�� r�,��,�.m,,,, �t"��.y� ��!'.�.. ..����»��,.��� ���„����,��,��!�'��"�,�.�.���,:'��°������ � �'' �������„���m�e�u'�;�_..�:��;��+ti�� ���?.±.���.i��.�6��� ���.�:��.,1.���a�z��� "��.��°�w.� ��:�+�`�j�w..+���"�...��°° �� '��":..�.�,,,.�.�^����''��:A���.,.,.,.�^"���5"m�,�a,° 15. �ls p ope�� r�i' �������� � � � ��� � � .. �..�.����^' �:�� � ����.�r,������.�,.��r.�� �.s:�.��i"...����,�a^�" ����J'C�S,� �.. _v� �.,.,��µ...w.m..._.���A�.�,,�.�...._� ..�.. '� ������� � . ............�........._ ......... � 5L[1 y"�i�f'�u� C(��'��o .. .,..,� ,,.. _ ..�� rp�ux��r� � � a '� � � �/d NC/1 �.�,,,�...__.....� Currcnt wning. z G _ �� -- ?.oning required for proposed project. v,.�w �,.....� .� ...a,H.�� _a �._ ��.��..,� .� .�__ .��. � _._..... .. ..�r.� �. „w_ �.��, _� Ancfclpa d v ances. /A .„.w_�_�_ �__..�.�.�,.,.�,�.�_�.. ,�.,�,,�� w.�e._ ...�,»� m..�.�...w. ..v�.... .,.� .� � ,,,.�.��� .�� ��,�..,�_.._.._ l6� Is pr riy plattcd7 �"'� ° Will..o�� �g�� ..Mm..�,..�.� ........ �. .,..e.. __ �. ,� �...� , .�.. � � .. � lattln �� necessary Yes :��� .��,�..W.�._��,___. ..� � �.�. 17. N���c��W any e�.�..,m��,.,.,.�.. �..W ���� .. .....�., ,� � nviromnental da�����c��^� created by fhe project ��� ,... .. ��„a,o... .�_ ... ...,, m..........� _e���_���.. ��� _ ,��.�WW_.�,.��sam..�_. _.,��.. A, List any permite for wt�lch appllcant must appty, Applicant ^u��ix �� required to pr�v��ft� �".k��r with ��p�s�;� of all spplicati e r ' o en e i u n co pletion of application(a). ._Provide r.._ �..� ____ . ecord of compllan to all v'vo inntel re tationa for t rvo a. � m ,�� r � � ��r �'� . ....�� �. �:. ....��e";� "u� �:a�°.."�.4.�^� ,.� �.�..� �,.��,�z.r."��... �o��"���,�.��.'�:��a��, �e+"�d��°��,��,t*�w,wN p,� � .. �,�""��.,,.�.�,aM�.�'„�.._�,,,.�. w � .,��;��.'�^°���C��"�;�? �'�,���*e�.m.����a �a �����".��!`���"��C������.�,�..����?b���rorc�...l�t�i��,�.�"P� �PM�.`��.���.� �r��° ���� „���..� 1 S, Prov�dc spp i[ia �l�ka,ri�wt��" any��a � a w� �a��+���°�'� ��Y t� �� �a t us+al.l�bo �i��������a ��nd � ,,,,.� w, �.�.._. � .,,� ��, ....... " ��,�,.�..� . _ _ _ _ _ _ essistance that �i�! be ��uN,4���� i � . .�;, � �; � � 4� i � i-c r �' � � � � .� a ; i �i-� ; t �i. +', �' � � � f :� � M« �' �: � 4 '� ; i i +� �: 20, 1 tiCcataon f���.����,.,,�.,..�� ����..�_ .��..n ��_...� .�,., � .�...._ � ,���,� �� .,,.��_. �����„w. ��r'T�x b�t� �ni �eqt�est: Sub�9an � � �fy d o ju9t3IIcneioae for requast, �tcls�do o am�unt af tha �b�e��nont reqaa t d�how how iB will corctribu t� �t�ci�l vl�bllity of � projecl. Subrr�it ett�c ents [f nee�sssey, .�sv.�__��.A..�.�,�»� ���•�,�,���.. 21. [,i�e a ation�l �iernent 1�ctors to bt cm ��idered rar tlks�� praject dirs� on p�gos 3 and 4�f a 1' :�,, ��a '+ 22, F!� 1�1 ��"di�"�P'P���i��d�tiY. At$I�C71 � CO[9J/ �I Id01ft809[ 91ic16[C� I!il�i9cB�l �c�c�¢cea`es eeep w,r�, a,�w� �,d •�� ,• a,�•. a-��J_°-, t � ^ a e,�� _.�.�1�."'��.�1��...��„r�i��.l�.� ����,r�t�.� ...f�����"���"±*�,�� m �.....� ..__��,m.��..W�..�,..�_...� �,� �.�.,,� ...�,w�.�,�,,�,��.�.o�.,,.�.,. 23. CDocs 4hc pr�,da��G t�,�vc an � dd��da9� �.ro��w6m�w�rre��ua,a���Nl��^ srasi�ln�bl� or re�ev�able e�e�l �ornperonen4 (��soo pl��xe ides�ti£y typ� and prr�vid� a brief d�scription)7 � ..�. .....�,pri�.�.,���,�. �..,..... ,.�,�.w.���. mm,���w.� �w�.�...... „a�rz�.,�, _�..�.� .,,�..,��� � �w. .., s.e.e... , 24. Applicants see I,E�� certlfic�ei�n �►u96 rrs (cte the Cre�n uildsrs ������a��i�� for T batemont (Exh`bit � of thc licy) �"�".�� o�... .���m .�.,�ee���.,,__m.�.��.ri..ri... na����. .�.�n�� "�."��� A�C�s���fl�u���� �d��xi�a�Q. �r:u¢:�ir� �� �u.��uu����������� �r���� a.�u� ����ru�4��wr��.�a���u������ &➢u.�4, ��c'��a�����,� fi,�����•�r�����a��uw� ���u�u�y �� �u��,a��°���. � r,, � � � ��� 7 " � o r° � � , � �' � 1�� rti '� �' r � , n"�� �d '� ��,.+�� � ..... . . � d����tl� � d �'� °����u���a.w�°� , m � .,, .. .e,, _ ,_. g.C�/�� u:�a�r� �.. ..._ � „��r�.�w �w a% � � � ,:, ,�,,� i w u � +� s , � �� � �`� �1� '���r �'�,����p�,� 380 ECONOMIC DEVELOPMENT GRANT US Aviatlon Group Is applying to the Clty of Denton Economic Development Partnershlp for a 980 Economlc Devebpment Gra�t rela�ted to contlnued Investment In exisling buslness units and the acquisltion of new businesses at the Denton Enterprlse Airport, US Aviation Group begen operations as an FAA, 4��r� 1�1, f1d��ut ��hti��l �� C�"�� �����r� �r�tc�������� ���6�'��� w�� late 2005 wilh less than thirty students and flve a�r���f� ;��r�r� ����, t�p� �4��rw� ����1��1�r� M�� NM��r����� to over five hundred students wllh a fleet of over �s�� ha��r�d��w� kr���r�n�� �Nr��'��l„ ��ro�' N��� ���� �����"�-� ��� the Cfvif Aviation Adminlstratlon of Chine (CAAC), es �����t 1�1� ��G'�t�� �������y, "�N�� ���ap�N�?�^ ���r��rc� with one hangar for all operatbns and now owns ���wart ��iV���r��� �� �����u������� ��� ������'��� ���'����� � second location, et North Texas Reglonal Alrporl, 6r� ���N�i�-c�rx„ mw�� �ti�a�A���M N�� J!��� ��'� ��� ��`�'"��'�'� �������'� suitable training focation. �'"h� ���rrt��f��e� �r��w�h ca�' �� a�r�6�ti��n ��°�N'� ±���� ���a��Ar�r �wr��w�a�e.l ��? ���P�� ��r����a�k���� +���ha %���a� fiN��k hw�Kar� �m���. �P�� ��' �'0,��+��� '�'�i��7 r��.�t�����i � 4��u��1�i a���r���� �v�� �u� �iG��at h�m��� dr� �F�� ffr�k ���r ��” ���r����a�. �;;�e�� f'���^� ��� �r�aa�tl� 1�� Cl�� ���,s��r�t �����a�w�t�ti�rc�„ tl°r�� �'i�w���6�� �� ���ud!�nt� ��� ���urra�tA��ll� ��d�r�n�g��r� fs��r� ����r�p��tNc� ��� � �r��pb p�r�S�������pt�r��! ��`�u�4 ts� ,�lu���w�� ���a��� �v�r �� ci��%��r�r��� �a���tri�� �w��arm� E��� �w^��r��. "l ht�r e���AVk� ��°w� ra��t�ka����ara �� k�� �r�ir���w�, ��d r�l�k��� ������a� ���^i���, �� rr��r dru��r����1i��r���w� recagnizad. The ���u��r�� tr�tlnln� k����n �^��h flxed wing aircraft, but the recent acqulsitions of All American Helicopter a,�d l,�K,����r�� W��Gw���a��X�r ���va� added rotor wing tralning to provide more optlons for the students, alrlines and �������c'�ip� t��'��I�� t�u+� �"�fld In need of premier aviation tralning. Last year, ���� t�a���v�r�� ��r���r����ip with Tarrant ��aw��y� ��u��������i�3� I��V���� ����rr �r�il� t�w���qyu���� �t���K�S� enrolled Pa� �ire� Nra�t���ar�� �+�r��+��ler of flight tral�roi��� �� ,�NNf����� �u}�,�r�, �� ��' ������r�u �"��� ����� �t�ar��n�� enrolled In td�� �vW�u����� ��r°���r��"� end by the fall ���rm�l�� �,�� �r+���r���'p I� ����+��k�� t�'a ����� �ra�a N^v����f����� students, Several other Community Collepes have c�a�t����� l�� �'�'������ �� �"��"�� ��� ��'�` ���� �°���� ����'�"� �' simllar avialian tralning program. ,� �p����� �a��ro�r��°tr��n� �aar����r�� k°t�� �I�a� b��r� ����n���� ��ae �w� �N�� t�u�lli� �� �h� r�wlfi���rr� Officers who I��v� �r��V���u��l N�u ����' p�ue����t�a���^�� t� ��A�r'r�f�ti� 1���N��r ��r����+�r��nk� �kr ���� �r�w�f��� l� a�wa���q�ru Is faet becoming � �u����� tr�mr�rr�g ���v�d�� P�r ��a L��������� ���a���rE���� �� ���c��n��� �y� �a��r� �u�n ��nt� dlfferent nations r�q�����d��,� �i���� ���I�+�r� �� k��ln�� k�'� �y�� T��� ��r�����d���� M��inlc�� ��c�lir�ct ���+ Ch� ��il���`s wlll result In the �rart�u������a�� �� a�r��f������9 �¢���r�t�� �@r�����Ca�r� ��� �r��.���wrt statf and equlpment. A maJority of the forelgn students are sponsored by varlous alrllnes In Chine who are also Increasing the number of students allocated to U3 Avlatbn for pllot training. Cunently, two of the largest alrlines have increased thelr student commltment and anoiher two are flnalizing contracts. As with Ihe Defense Department, the result wlll be an increase to the cur�ent alrcraft fleet, ,�� �vac����a�;�s� I�� Cl�� �b�w��, ��w� �r��4�s ����� ����� ���� �rac�r� �a������a���eR ���' t�w� rr�orn�a�r� �� n��w �����r�rt�rr��t��� ��at���N��a� ���� ��'�r���t ��rrw����au�� I�Ay ��F v�hl�b�, ���� dI��C��+ b�r���i�d� �,^�th �r� ���zt�p� ��Ir��� �n�i l��r�r f�ff�^ �a� ���d�n, i��c� �f t�� ����r �aw�&w��r� fi� ���� ������ B� �r�up���rrr���� ft�r� 'N � ���r������� m�a �w��r ���� .� �r� X��r'���� ����r�r� ���r����� �a� �r�rrae��r�� �r��rr�� 1 h� �9i�"'��� ���r�r�6�°� ��t���d�, ��c°��c�!�� t�� '�:� �wr��tC�� O� substantlal and growing every year. The 380 Eco�a��t�� f�'+��u���a��u�r�� ����� "�hr� �"+������ ^� ��������' �'� support the continued growlh and benefits for tha C�wk�� �M�°���� �i�� �+�������� �� ��'��� 4850 Spatlan DcJve, Deuton, Texar 76207 .(940) 383-2464 Phone .(940) 381-5385 Fax US Aviatiai Acxcle�ny iJS rUrcraft M��intrnRnce US Avionice � ��� ������� , � i� ,���� �� : �� ���� .�� �� ����� a�� �r�RR ������u�� ������:� i�l ������a���m���N��� ���G��u. �,�4,,.�,U���� Wr�a���o�a� ��� ��r�°ro���,�ll���o uti�,,. �' � ,.,�a � W � �w � � II� �� ,,. ���� ���� ���u,��� �� �G�°��~ Il��u�.�r�u� a�uu��c�u°�.. ������„��e"��� I���� ������"���"��; �. ������� �i��uA�Ea�� ���� ��ii����� �.. �wuu�cu°��� ����� �� I��"�3 �,�. �,,:�ii�U�� ..�."ir�om��ii�� N°`��u�n��iru��r��� �. �"n���n��u�lri���� "��;��a��ll�� ;a I��m��r Irrn�k°��ra���ro������ �i. �d'��y�r �m����°��ro�ro���'��� '�. ��ir����� �a��a��w�.l!�'�������rm� �°���Q M�c��������� ����N�� �A��P��'�II���`� ��V�� �„ ���„�,���"a �. ���'��,�'�'� II:��,��� �� ��� �. 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G � :".' 1 �.� "�. � i�illll��r�.� F �,�' � �� k � . ��� e��.:�.r�.d�� � � !� i!N � .� �.�. ���� �p uuiP�. �����'� ����.,'�'�� '„��a�� '��"�G �A� °m, ������.� �"� �� "� ��< �� ��,�'��� � i�.y f �i�l �b��G i r��l'' ' � � va � rr�:v „"; uJ1»�v',rH .,C'e �,4yC;?'f � I �`-1 � »� °:rtJ �Vt';1�:� �ry,.�« r/Y�tl�J'�a�W ���d � N➢�S�u . ';!',1 s 7, 4?+.kkC �,✓�e 4.,�,�°�t't ^; ,pCra 1 dw( ra'p e� i p «'�k dp�w � ��� ���'�'" ', �rs,a,����,� ,� rr 54�;Y4"7 r,„1,! .. 't9,l.k'�i i�.' �`,��:�4'f °",� �?G II��.����'� � �^ � � r �o�C� . ; �, 1;C7M:G ^,.�I„r �„ ;' u I �`flt,'y ";�P.b'Mt I^f:u('E +� n� r C1! F("W �,�,'„C� S da,f��Pf N ����R�`�'"�'��� � EXHIBIT C CERTIFICATE OF AUTHORiTY OF OFFICER US AVIATION GROUP. LLC I, J. Micheal Sykes, Chief Executive Officer of 1 lS Aviation Group, LLG, a Texas limited liability company ("US Aviation Group") hereby certify: 1) 1 am the duly appointed, qualified and acting Chief Executive Officer of t►S Aviation Group, LLC as of the datc hcrcof. 2) As such, [, J. Micheal Sykes have full power and authority to execute and deliver �n behalf c�f US Aviation Group, LLC, that certain Economic Development Program Grant A�reement to be made and entered into as of the eftective date provided therein by US Aviation Group, LLC and the City of Denton, a Tcxas municipal corporation, for the purposes and considerations stated therein. IN WITNESS WEIEREOF, the undersigned has executed this Certificate this =1th day of December, 2015. State of "l'exas County of Denton �� �,��, � �x ��� � � r�' �` ��' ��, � _.._��""� ���� � � � �„",� � ��,. Q�� �� � ��� �a��� �, �. .�,,,.., ti� ., . ....,. J.��licheal Sykes � Chief Executive Ufficer US Aviation Group, LI,C This in5lrumeiit was acknowledged before me on the on the �L'�' day of Decembcr, 2U l5, by J. Micheal Sykes, Chief Executive nfficer of i1S Aviation Group, LLC, on bchalf of said compt►ny. °� ��" � ANDREA J. ATKINSON ,�"�0. �,tl A Q �� �� � Notary Pubiic, State of Texas � P�� � My Commilsion Expires � "��r �,µw� MarcA 26, 201 E _mm"u����.��.��,.,�,,,,,_�._�.��� , (Seal) ,� � ������� � µ � ..... ��...... ._. . . . ._�°"�"`�"... _.. �. , ....� � �. .. ,.�.... Notary Public Signature