2017-306s:\Iegal\our documents\ordinances\17\huff lease assignment.doc
ORDINANCE NO.
WHEREAS, on August 15, 2017, the City of Denton, Texas (hereinafter the "City")
entered into that certain Airport Lease (the "Lease") with James and Nancy Huff (hereafter
"Assignor") at the Denton Enterprise Airport (hereinafter the "Airport"); and
WHEREAS, Assignor has agreed to assign his interest in the Lease to US Trinity
Holdings, LLC. (hereafter "Assignee"), as evidenced by the Lease Assignment of f Pad Site at
4901 Lockheed Lane, Denton Enterprise Airport, attached hereto as Exhibit A; and
WHEREAS, the Lease requires written consent of the City for the Assignment to be
effective and Assignor has requested the City for such consent; and
WHEREAS, the City Council deems it in the public interest to give consent to the
assignment contemplated above; NOW, THEREFORE,
SECTION 1. The findings and recitations contained in the preamble of this Ordinance
are incorporated herein by reference
H FCTION 2, The City Manager or his designee is hereby authorized to execute a Lease
L
Assignment of the Pad Site at 4901 Lockheed Lane, Denton Enterprise Airport in the form
attached hereto as Exhibit A and made a part of this Ordinance for all purposes.
SECTION 3. This Ordinance shall become effective immediately upon its passage and
. . ...........
approval.
PASSED AND APPROVED this the1 day of 2017.
Cl IW WATTS, MAYOR
0
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
APPROVED AS TO LEGAL FORM:
AARON LEAL, INTERIM CITY ATTORNEY
BY: �
DATE : October 17, 2017
ASSIGNOR: James W. and Nancy C. Huff
ASSIGNEE : US Trinity Holdings, LLC
LEASE ASSIGNED: Date: August 15, 2017
Landlord: City of Denton
Tenant: James W. and Nancy C. Huff
Property: 4901 Lockheed Lane
Approved by City of Denton Ordinance 2017-224
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 its present "as is" condition.
3. Complete all obligations of purchase from Assignor prior to this assignment
becoming effective.
B. Landlord consents to this assignment:
1. Landlord agrees that following assignment, it shall look solely to Assignee for the following of the lease
obligations.
C. Assignor agrees that:
1. Assignor confirms that the land lease and hangar ownership with respect to the
Property at 4901 Lockheed Lane is to be transferred to US Trinity Holdings, LLC.
2. Assignor will pay or will cause the Assignee to pay to Landlord a $500 transfer fee.
PREVIOUS ASSIGNMENTS:
None
Assignee: Consent:
US Trinity Holdings, LLC City of Denton, Lai 11ord.
�MPy'.... �,.. ..... ...... p .....
q„awl idpwni, Owner Todd Hileman, City Manager
Assignor (s);
a
By.
Nancy C. Huff
STATE OF TEXAS
COUNTY OF DENTON
Approved As To Legal Form
Leal, Aaron, Interim City Attorney
This instrument was acknowledged before me on the day of ife 40, 20 , by James W. and.
Nancy C. Huff, Assignee.
�.S
JULIE ANN MULLINS
1' My Notary ID # 8532322
� } Evku May 27, 2021
STATE OF TEXAS
COUNTY OF DENTON
Notary Public, State of Texas
My Commission Expires 5",.- . i
(or Notary Stamp)
This instrument was acknowledged before me on the _...LL day of _ .._ __ .W, 2t) � by US `I`rtmty
Holdings, LLC. Jim Haltom, Assignor.
[S1M L]
JULIE ANN MULLINS
My Notary ID # 8532322
Eores May 27, 2021
Notary Public, State of Texas
My Commission Expires21
(or Notary Stamp)
[SEAL]
STATE OF TEXAS
COUNTY OF DENTON
Notary Public, State of Texas
My Commission Expires
(or Notary Stamp)
This instrument was acknowledged before me on thel play of &4an—, 20_17, by Todd Hileman on
behalf the City of Denton, Texas, a municipal corporation.
OF rFkA
$2- 19-20 1
Notary Public, State of Texas
My Commission Expires 14"PI-01j,
(or Notary Stamp)