2005-124S:\OUR DOCUMENTS\Ordinances\05LVv'C Airport Lease Assignment.doc
ORDINANCE NO. ~ ~'--/~ ¢
AN ORDINANCE APPROVING AN ASSIGNMENT OF LEASEHOLD INTEREST IN AN
AIRPORT LEASE FROM JVC REAL ESTATE, LLC TO JANUARY AVIATION, LLC FOR
PROPERTY LOCATED AT 4705 SPARTAN DRIVE AT THE DENTON MUNICIPAL
AIRPORT; 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
Assignment of Leasehold Interest in Airport Lease from JVC Real Estate, LLC to January
Aviation, LLC, In substantially the form of the Assignment attached to and made a part of this
Ordinance for all purposes, to evidence the City's consent to the Assignment.
SECTION 2. This Ordinance shall become effective immediately upon its passage and
approval.
PASSED AND APeROVED this the ';~,¢~dayof ~2~ ,2005.
EULINE BROCK, MAYOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
APPROVED AS TO LEGAL FORM:
EDWIN M. SNYDER, INTERIM CITY ATTORNEY
BY:
/
LEASE ASSIGNMENT OF PAD SITE AT DENTON
MUNICIPAL AIRPORT
DATE: May 3, 2005
ASSIGNOR: JVC Real Estate LLC
ASSIGNEE: Janua~ Aviation, LLC
LEASE:
Date:
Landlord:
Tenant:
April 20, 2004
City of Denton, Texas
JVC Real Estate LLC
Tho property located at 4705 Spartan Drive, Denton, Texas 76207
and more fully described in the attached Exlfibit A which is made a
part of this Assi~tmment for all purposes.
Assignor assigns to Assignee Tenant's interest in the lease.
A. Assignee Agrees To: t 1. Assume Tenant's Obligations under the Lease.
2. Accept the premises in thoir present "as is" condition.
3. Complete all obligations of purchase from Assignor prior to this Assi~ment
becoming effective.
Landlord consents to this assignment. Landlord agrees ~o notify Assignor within 30 days of any
Assignee default.
B. Assignor agrees that:
1. Assignor will remain liable on tho Lease should Assignee default on the Lease.
PREVIOUS ASSIGNMENTS: None
~ LI ;asVident ...... ~ .
Attest:
Approved as to Legal Form:
STATE OF TEXAS
COUNTY OF DENTON
This instnnnent was acknowledged before me on thc [ c~ day of ~r~~ ,
2005, by John a. Vann~ President of JVC Real Estate, LLC, a Texas~nited ~d~ility Company,
II %7A¢*'" Muv 12, ~OOS I[ My Commission Expires
~ I ' (or Notary Stamp)
STATE OF TEXAS
COUNTY OF DENTON
This instrument was acknowledged before me on the]ff~_~_ day of ,
2005, by Jim Lancaster, Pr~ide~t of January Aviation, LLC, a Texas Limited L~bility Company,
[SE C]
Notary Public, State of Tcxas
My Commission Expires
(or Notary Stamp)
Pag~ 2 of 3
STATE OF TEXAS
COUNTY OF DENTON
This insmsment was acknowledged before me on the of
2005, by Miohael A. Con(biff; City Manager .on behalf the City of Denton, Toxa~, ~munioipal
corporation.
l~ary Public, State of Texas
My Co~,~ion
(or Notary Stamp)
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