18-834s:`�I€�g�l\aur docurrients�ordiriances\1$\�etersen hang�rs lease assi�nment.dac
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WHEREAS, on September 11, 2015, JVC Real Estate L.L.C. assigned its interest in the
Lease ta Petersen Hangars, LLC ("Assignor"}; and
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SECTION 3. This Ordinance shall become effective immediately upon its passage and
approval.
The motion to c�lw�p�i°�� �� � this ordinance was made by ___ _��D_ _ m�e U i- _____ d seconded
by ��,7 ��:.��� �����,��� LL, the ordinance was passe an approved by the
following vote � �� ` J:
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Aye Nay Abstain Absent
Chris Watts, Mayor: J
Gerard Hudspeth, District 1: �_
Keely Briggs, District 2: �
Don Duff, District 3:
John Ryan, District 4: 1�
_ .............................
Dalton Gregory, At Large Place 5: ✓
Paul Meltzer, At Large Place 6: V
PASSED AND APPROVED this the �� day of
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
I:
APPROVED AS TO LEGAL FORM:
AARON LEAL, CITY ATTORNEY
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BY: ��.
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2018.
CHRIS "�UATTS, MAYOR
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LEASE ASSIGNMENT OF PAD SITE AT 47369 & 4650 CLEAR STAR
DENTON ENTERPRISE AIRPORT
DATE : May 22, 2018
AS3IGNOR : Petersen Hangar, LLC
ASSIGNEE : Mark Hicks Transport, LLC
LEASE ASSIGNMENT: Date: September 21, 2004
First Amendment, February 21, 2012
Landlord: City of Denton •
Tenant: Petersen Hangars, LLC
Properry: 4736 & 4650 Clear Star
Approved by City of Denton ordinance 2004-285, 2012-038
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 following ofthe lease
obligations.
C. Assignor egrees that:
1. Assignor confrms that the land lease and hangar ownership with respect to the Property at Petersen
Hangars, LLC is to be transferred to Mark Hicks Transport, LLC.
2. Assignor will pay or will cause the Assignee to pay to Landlord a$500 transfer fee,
PREVIOUS ASSIGNMENTS:
1, 4736 Lockheed Associates Ltd, dated July 25, 2006
2. Petersen Hangar LLC, dated September 4, 2015, certified by City of Denton on September 11, 2015
3. Mark Hicks Transport, LLC, dated May 22, 2018
Assignee:
Consent:
Mark k�'� r�r����r��,p LLC �, City of Denton, Landlord
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Mark H�cks, M'�a���� Todd Hil
eman, City Manager
Assignor:
Petersen I-Iangar LLC
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Shawn Petersen, Manager
Approved As To Legal Form:
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Aaron Leal, City Attorney
STATE OF TEXAS
COUNTY OF DENTON
Attest:
This instrument was acknowledged before me on the �'� day of w mm� � � � 2C) ����� by Petersen Hangar,
LLC, Shawn Petersen, Manager. �
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Notary Public, State �rf l �.��s
My Commission Ex�ur�� ww� ��� ���
(or Notary Stamp)
STATE OF TEXAS
COUNTY OF DENTON
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This im��t�� �r����a� was acknowledged before me on the ��� day �a ��"_; '�(b�„� , by Mark Hicks
Transport�� ��"., Mark Hicks, Manager.
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�� *w� MY C^�6;'��hrtll���f��� ����'Yi�E�.� ���
-.� � ` pctober 27, 2018
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STATE OF TEXAS
COUNTY OF DENTON
Notary Aublic, State cr�""�" � �, ^�� �„ �„
My Commission Expires��������„ q� � �
(or Notary Stamp)
This instrument was acknowled ed before me on tl � �""�a of u �� �� � 20��°�by Todd Hileman on
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behalf the City of Denton, Texas, a municipal corporation.
Notary Public, State ��"1"cas��
My Commission Ex�r7 �.��'�" ' � �
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(or Notary Stamp)