2017-307s:\Iegal\our documents\ordinances\17\hta aviation lease assignment.doc
ORDINANCE NO. 2.017-307,
AN ORDINANCE OF THE CITY OF DENTON, TEXAS APPROVING A CONSENT TO
ASSIGNMENT OF AN AIRPORT LEASE BETWEEN HTA AVIATION AND US TRINITY
HOLDINGS, LLC.; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, on September 18, 2012, the City of Denton, Texas (hereinafter the "City")
entered into that certain Airport Lease (the "Lease") with HTA Aviation (hereafter "Assignor")
at the Denton Enterprise Airport (hereinafter the "Airport"); and
WHEREAS, Assignor has agreed to assign its interest in the Lease to US Trinity
Holdings, LLC. (hereafter "Assignee"), as evidenced by the Lease Assignment of Pad Site at
4910 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
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SECTION 1. The findings and recitations contained in the preamble of this Ordinance
are incorporated herein by reference
SF'CT10 " N " 2.
The City Manager or his designee is hereby authorized to execute a Lease
Assignment of the Pad Site at 4910 Lockheed Lane, Denton Enterprise Airport in the form
attached hereto as Exhibit A and made a part of this Ordinance for all purposes.
SECTION I This Ordinance shall become effective immediately upon its passage and
approval.
PASSED AND APPROVED this the —a_,...,. day of 2017.
tl'S, MAYOR
H
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
AS TO LEGAL FORM:
AARON LEAL, INTERIM CITY ATTORNEY
BY:
LEASE ASSIGNMENT OF PAD SITE AT 4910 LOCKHEED LANE
DENTON ENTERPRISE AIRPORT
DATE : October 17, 2017
ASSIGNOR: HTA Aviation
ASSIGNEE : US Trinity Holdings, LLC
LEASE ASSIGNMENT: Date: September 18, 2012
First Amendment, June 12, 2013
Landlord: City of Denton
Tenant: HTA Aviation
Property: 4910 Lockheed Lane
Approved by City of Denton ordinance 2012-236, 2013-149
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 it's 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 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 4910 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:
US Trinity Holdings, LLC
Consent:
City of Denton, Landlord
.... .. - - --- - ------ -
Todd Hileman, City Manager
Assignor:
BY:,,
Steve Brown, Owner HTA Aviation
STATE OF TEXAS
COUNTY OF DENTON
Approved As To Legal Form:
Leal, Aaron, Interim City Attorney
This instrument was acknowledged before me on the /,A day of , 20_L_j, by HTA Aviation,
Assignee.
[SEAL] JULIEANNMULLINS
My Notary ID # 9532322
'* �EVkvs May 27,2D21
STATE OF TEXAS
COUNTY OF DENTON
Notary Public, State of Texas
My Commission Expires $- '7--q 1;21
(or Notary Stamp)
This instrument was acknowledged before me on the j L day of 20 , by US Trinity
Holdings, LLC. Jim Haltom, Assignor.
Notary Public, State of Texas
My Commission Expires �5 ~ - t
(or Notary Stamp)
[SEAL]
JULIE ANN MULLINS
My Notary ID # 8532322
r
Eom May 27,202 1
Notary Public, State of Texas
My Commission Expires �5 ~ - t
(or Notary Stamp)
STATE OF TEXAS
COUNTY OF DENTON
This instrument was acknowledged before me on the I �Ytd`ay n w � 20 „-�7,, by Todd Hileman on
behalf the City of Denton, Texas, a municipal corporation.
[Sl L]
JENNIF ER K. WALTEIRS
brotliY�a fi
ion �
Notary Public, State of Texas
My Commission Expires 041 T
(or Notary Stamp)