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
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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
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o�� 7��v�, this ordinance was m pproved by
the following vote � __"��__ � ,:�� � �
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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
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PASSED AND APPROVED this the ��_ day of ��"�� „�������°�019.
ATTEST:
ROSA RIOS, CITY SECRETARY
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APPROVED AS TO LEGAL FORM:
AARON LEAL, CITY ATTORNEY
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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
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Sean Kooley,�Vice President, Finance
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Sean Kooley, as Vice President, Finance of Greenpoint Aerospace Corporation, Assignee, on
behalf of said company. �
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Assignor:
US Trinity Holdings, LLC
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�,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.
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STATE OF TEXAS
COUNTY OF DENTON
Approved As To Legal Form
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Todd Hileman on behalf the City of Denton, a Texas home-rule municipal corporation.
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