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2007-145s:\our documents\ordinances\07\airport lease assignmen[jet works aviffiion m jet works air center mgm[ordinance.doc ORDINANCE NO. ~Q~ ~J- ~~ AN ORDINANCE APPROVING ASSIGNMENT OF A CERTAIN COMMERCIAL AIRPORT OPERATOR'S LEASE BETWEEN JET WORKS AVIATION, INC. AND JET WORKS AIR CENTER MANAGEMENT, LLC AND APPROVING A SUBSEQUENT SUBLEASE FROM JET WORKS AVIATION, INC. TO JET WORKS AIR CENTER MANAGEMENT, LLC; AND PROVIDING AN EFFECTIVE DATE. THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS: SECTION 1. The City Manager or his designee is hereby authorized to execute an airport lease assignment of a commercial operator's lease agreement between Jet Works Aviation, Inc. and Jet Works Air Center Management, LLC in substantially the form of the Lease Assignment which is attached to and made a part of this ordinance for all purposes. SECTION 2. This ordinance shall become effective immediately upon its passage and approval. PASSED AND APPROVED this the 1~ day of , 2007. ~,~ ~ ~ `~~ PERRY~j t. McNEILL, MAYOR ATTEST: JENNIFER WALTERS, CITY SECRETARY BY: APPROVED AS TO LEGAL FORM: EDWIN M. SNYDER, CITY ATTORNEY BY• ~~ ~ ,.. c:\docnme-1\tewhi[ma\locals-1 \tempbcpgrpwise\jet works aviation, inc Jet works air center management, Ile assignmentdoc LEASE ASSIGNMENT OF COMMERCIAL OPERATORS LEASE AT DENTON MUNICIPAL AIRPORT DATE: July a , 2007 ASSIGNOR: Jet Works Aviation, Inc. ASSIGNEE: Jet Works Air Center Management, LLC LEASE: Date: December 1, 2004 Landlord: City of Denton, Texas Tenant: Jet Works Aviation, Inc. Premises: Approximately 2.059 acres of land located at 5035 Warbird Lane, Denton, Texas 76207 and more fully described in the Attachment A which is made a part of this Assignment for all purposes. Assignor assigns to Assignee Tenant's interest in Che lease. A. Assignee Agrees To: 1. Accept the premises in their present "as is" condition. 2. Complete all obligations of purchase from Assignor prior to this Assignment becoming effective. Landlord consents to this assignment. Landlord agrees to notify Assignor within 30 days of any Assignee default and to notify Assignee in the event of Assignor's default. B. Assignor agrees as a condition of Landlord's consent to this Assignment that: 1. Assignor will pay or will have the Assignee pay the Landlord a $500 transfer fee. 2. Assignor will pay or will have the Assignee pay all the Landlord's administrative costs of handling and processing this assignment, including without limitation, all Landlord's reasonable attorneys fees and Landlord's staff time associated with this assignment. PREVIOUS ASSIGNMENTS: None s:\our documents\con[mcts\07\je[ works aviation, inc. jet works aii center management, Ilc assignment.doc For Jet Works vi tion, Inc.. sig r t i By: For Jet Works Air Center Management, LLC Assignee By: City of Denton, Landlord ~~ ~ Geor C. Campbell, iry Manager Attest: Jennifer Walters, City Secretary By: App ved as to Legal Form: Edwin M. Snyder, City Attorney By. s ~ ' STATE OF TEXAS COUNTY OF DENTON This instrument was acknowledged before me on the ~d day of .J 2007, by Jet Works Aviation, Inc., a State of Texas Corporation, on behalf of said co ration. [SEAL] Not ry Public, State of 'exas M. C. MCQIMNNOM My Canm~tltuon Etplra My Commission Expires (e 18 1 ~~"° ~~~ ~~ ~ (or Notary Stamp) w~nawd Page 2 of 3 s:\our documerrtslconnacts\07\jet works aviation, inc. jet works air center management, Ilc azsignmentdoc STATE OF TEXAS COUNTY OF DENTON This instrument was acknowledged before me on the 7ih~ day of 2007, by Jet Works Air Center Management, LLC., a State of Texas Corporation, o behalf of said Corporation. M. C. MCEtIM/NNN c [SEAL] My Commiulon ~Wn+ No ry Publi , State o ~Tekas ~~~/// ~w,s ~e, soli .,,pane My Commission Expires l I (or Notary Stamp) STATE OF TEXAS COUNTY OF DENTON This instrument was acknowledged before me on the ~ day of 20~, by George C. Campbell, City Manager on behalf the City of Denton, T as, a unicipal corporation. s',:a~~^~;~~, JANE E. RICHARDSON •" ~ e Notary Puhlic, State of Texas My Commlaelon Expires [SE °,e,:s~ June 27, 2009 tary Publio, State of Texas My Commission Expires '7 ©~'/ (or Notary Stamp) Page 3 of 3 Attachment A ~ Z e _.. ~ . , men :a=a~ ~ ~ ~ ~ a ' ~N ~~~ _ o-_g~~ ~ _g _ w ~,~~ ~ _~~ goo ~~H ~ £ w ~_ .. ca _ $ ~ °x r.,.~ m.,. ~.. o„'z3 ... ova m «. ~ o ~... . se' uc-a. oo, oo.oos ~ M~~i ~szc B 8B R A g p 6S 6~~ ¢JO ``~ n ¢aqy~ ~u ~e ~ ~~jmm~ e: _ _ ~ ti ~ \~ - ~ „etlen ` s ~ e,$=w= ` ~ 1 ~~7 , z 1 { ~ e 1 Q J I I I I 1 0 ~ _ I I I I %~ m ~ / 1 S1 Q 3 ~ I i I i = i ~1 W ~ o O U O A z ~~ }~~ _ ~' _ ~ a VJ O Ca ~ ~ ¢ w ~w1 3~ ~ ~ ~ ~ ~ GR ~Y °~ o F4. fnA - - „$~ ~~ e: e A V ~^ 05'{51-3 00 00 00 H W_61 pq 0'C9~ . . . . ~ y of A ~3'2 e 5' ~Oe6 B f ~~~n - 3 ~ - ° ~^m~ ~ ' 6~F^R„ 8NS=w= °w~o 3~to~~ ~ u m§^ ~~~ ^3s~ ~ ~a 8a 5~`~ds ab.E t § mV p ~~ .5 _ 60~~ z~~ n~~ a~~ ~ oL~'e'~ .. ~ oeS ~9~Y~ :P4 'F mini n°or mi. mf ~u ru ruo n.~a _. rr m.. r _ nx o.+~iu r.muu ~-.~ rmyn rom oBx