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19-2090s:\legal\our documenls\ordinances\19\airporl - consenl to assignmenl greenpoint to trinity - tl rev.doc ORDINANCE NO. 19-ZO9� AN ORDINANCE OF THE CITY OF DENTON APPROVING A CONSENT TO ASSIGNMENT OF AN AIRPORT LEASE BETWEEN GREENPOINT AEROSPACE CORPORATION AND US TRINITY HOLDINGS, LLC; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, on December 1, 2004, the City of Denton, a Texas home-rule municipal corporation (hereinafter the "City"), entered into that certain Airport Lease (the "Lease") with Jet Works Aviation, Inc. ("Jet Works") at Denton Enterprise Airport ("Airport"); and WHEREAS, on July 2, 2007, Jet Works assigned its interest in the Lease to Jet Works Air Center Management, LLC ("Air Center"); and WHEREAS, on September 11, 2013, Air Center assigned its interest in the Lease to Greenpoint Aerospace Corporation ("Assignor"); and WHEREAS, Assignor agreed to assign its interest in the Lease to US Trinity Holdings, LLC ("Assignee") as evidenced by that certain Lease Assignment of Pad Site at 5035 Warbird Drive, Denton Enterprise Airport, attached hereto as Cxhibit A; and WI-IEREAS, 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, at the August 27, 2019 meeting of the Council Airport Committee, the committee recommended that the City approve the Consent by a vote of 2-0; and WHEREAS, the City Council deems it in the public interest to give consent to the assignment contemplated above; NOW, THEREFORE, TH� COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS: SECTION 1 . The findings and recitations contained in the preamble of this Ordinance are incorporated herein by reference. SECTION 2 The City Manager, or his designee, is hereby authorized to execute a --- --- . ... ......, Lease Assignment of Pad Site at 5035 Warbird Drive, 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 The moti approval. � seconded by �. ���'�"�/ � � � �. � —, the cy.��uN�ri��- � as�passed�and a .... and ��� ade b on t o�� 7��v�, this ordinance was m pproved by the following vote � __"��__ � ,:�� � � 1 Chris Watts, Mayor: Gerard Hudspeth, District 1: Keely Briggs, District 2: Jesse Davis, District 3: John Ryan, District 4: Deb Armintor, At Large Place 5; Paul Meltzer, At Large Place 6: Abstain Absent �� PASSED AND APPROVED this the ��_ day of ��"�� „�������°�019. ATTEST: ROSA RIOS, CITY SECRETARY � ���� ��� k + w� �� ` �. °�'�� � � � � � CHRIS �. —r .. .._ -----.. �v",�TTS, MAYOR , r � � �,� g ��� � ��� � �" y �tl �° �� � �'i�� � "C � ��,`� � � � �� 'r rc � e ;� °�' � a ; � � n�� � . : � � � w�� ' �'��� d �'' � fi� ��,. � � ,; r;�, :,� �� � �� ,� �,. BY: � � � � . � �� �� � � � � '� � ° �r s �, �� � _ �_ �-���..�_..._. ��.��� ���..w� M_ _.,� APPROVED AS TO LEGAL FORM: AARON LEAL, CITY ATTORNEY � ��� ��� � ��,.�� "� �� �,� �~ BY: � �� � � � � � .. :. ....... _�. ...... �„ ��� I . . �; �. � . � . � : "1 1' � � ... , .��,. DATE: August 19, 2019 ASSIGNOR: Greenpoint Aerospace Corporation ASSIGNEE: US Trinity Holdings, LLC LEASE: December 1, 2004, City of Denton Approval Ord. 2004-362 First Amendment, June 21, 2005, City of Denton Approval Ord. 2005-1$4 Third [sic] Amendment, April 15, 2005, City of Denton Approval Ord. 2008- 081 Assignor assigns to Assignee its interest in the lease, as amended. 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: 1. Landlord agrees that following assignment; it shall look solely to Assignee for fulfillment of the lease obligations. C. Assignor agrees that: 1. Assignor confirms that the land lease and hangar ownership with respect to the property at 5035 Warbird Drive is to be transferred to US Trinity Holdings, LLC. 2. Assignor will pay or will cause the Assignee to pay to Landlord a$1,000 transfer fee. PREVIOUS ASSIGNMENTS: Jet Works Aviation, Inc. to Jet Works Air Center Management, LLC, dated July, 2, 2007 Jet Works Air Center Management, LLC to Greenpoint Aerospace Corporation, dated September 11, 2013 Page 1 of 4 Assignee: Greenpoint Aerospace Corporation, Assignee �� ��� �.�, w�� ,����.� ��P��' .��. Sean Kooley,�Vice President, Finance STATE OF ��,� �� ��� ................ �'"� COUNTY OF ��� ww� �mm �. This instrument was acknowledged before me on the �� clay of www µmmm �� �� r 20m ��, bY Sean Kooley, as Vice President, Finance of Greenpoint Aerospace Corporation, Assignee, on behalf of said company. � [SEAL] � � .�. � � � � ��.��� � �� n�, ...... " ���___. Notary Public, State of �� �� ���^ " �°°� My Commission Expires ,wm„� mmmmm � '� Page 2 of 4 (or Notary Stamp) Assignor: US Trinity Holdings, LLC ��""°. ��������������������...��...� � ti .Halto.�.....n.n...,..n ........................................_._._._._. �,r� * m, President STATE OF TEXAS COUNTY OF DENTON This instrument was acknowledged before me on the ��ay of ���� ��"� ,_m, 20�, by James C. Haltom, as President of US Trinity Holdings, LLC, Assignor, c�� behalf of said company. [SEAL] , � ��w������ w��°w�� r��� �, � �',�D�����, �M��u�lf�� a�k� m� �° I����a��m�� ���u��Vu�a� a;��u�.��P� ¢�� 'G°aro��s� 4; � � ��„y.N �.;a��VUV'W$� 9.�;��VV�Asa ��� �m> ��ro�l,� '� "��" r�w� "� 'w � ""'��u��a���, ���'�����"°� 1� �����aW���W� � ����� , .. _ _ .... _..m_�..._.._ Notary Public, State of Texas My Commission Expires ��— �,1— ,20zz. Page 3 of 4 (or Notary Stamp) Consent: � City of T� �r�ls�������., t.�a��t�1 �-�� � � � m�, �,� ,� �, ������ � �... ... � .. � ,� _ "k��s�ci� �-1`i1�,i��� �m�, � � @'���r���,��• nb � � � � �������a�� � � � % ��� �r mk( ��^� W �� � a� �'" ,VI �t9M��+ fl� „ �v P �'� ll�� � ��,�� � � � " u �g��� � a� �,� u,"� �� �� ,. g� � �� � .� �� � � � �� ��� � ��; < �'�' �� � �k� `�ti �N �M ' � �� � �� � i d �a� � � H � � °"��'�"" rr w � m ��" �� � � �m�� � � � m� ���,��"�'���� a�� �zk�i �� " ��g` � r , r����� ��r.v�'�:�'.��°'"�u STATE OF TEXAS COUNTY OF DENTON Approved As To Legal Form ��� ��,� � ��„µ�.... ��� � � M � �^��" �.",: �� � ; �� „�: . � . � ��� ..—.. Aaron Leal, Ci��� r'�t��r��c�� ATTESTw r � � ,� ,� b ..� �" � .Rosa Rios, Ci � �"� µ . ..�. _ � � ty Secretary This instrument was acknowledged before me on the �"��.,� day of � mm�' mm � , 20 �"��, by Todd Hileman on behalf the City of Denton, a Texas home-rule municipal corporation. [SEAL] ,��W ��� Y� a� dm�x ���yu �n ��m���� �,���� �,� ��,��x p�� r� id°uwei� „�, J(�I P ki ('�'�I'11�4(°t!`��1�1� � �, � ��� � 1 �' � ' lAlt�' ir I'11�fif� rr�r«�'�%1"xhY°'`� �� � � � �� �, �riiVi�,i I (r�I�rF�}�i���i'ii� J� o� , � ��i¢`i�ui��+ 91r�f rf( flI Yj'�� �' t m��������e��N��������o����,���������U<�������ar��:�,r���������,�„��,���,�,,,�������� ��„lF ra �������� ���~ ���" �� ��" ��,���"��� �_..... .��._.. Notary Public, State of Texas My Commission Expires _��w ,;�m� ���'�� / Page 4 of 4 (or Notary Stamp)