2005-093· S:\Our Documents\Ordinances\05xJVC Airport Lease Assignment.doc
O I ANCE NO. OeZ
AN ORDINANCE APPROVING AN ASSIGNMENT OF LEASEHOLD INTEREST IN AN
AIRPORT LEASE FROM JVC REAL ESTATE, LLC TO DENNIS R. AND CARLA M.
FRISBEE FOR PROPERTY LOCATED AT 4730 LOCKHEED LANE 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 Dennis R. and
Carla M. Frisbee, 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 imanediately upon its passage and
approval.
PASSED AND APPROVED this the c~qc~ ~'q'~day of 6'~_./4,4~ , 2005.
EULINE BROCK, MAYOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
PaOV '^s FO :
HERBERT L. PR~Y, CITY ATTORNEY
LEASE ASSIGNMENT OF PAD SITE AT DENTON
MUNICIPAL AIRPORT
DATE: March 22, 2005
ASSIGNOR: JVC Real Estate LLC
ASSIGNEE: Dennis R. Frisbee and Carla M. Frisbee
LEASE: Date: March 25, 2003, includ'mg Amendment dated June 30, 2003
Landlord: City of Denton
Tenant: JVC Real Estate LLC
Address: 4730 Lockheed Lane, Denton, Texas 76207
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 their present "as is" condition.
3. 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.
B. Assignor agrees that: 1. Assignor will remain liable on the Lease should Assignee default on the Lease.
2. Assignor will complete access taxiway curb cut and installation of concrete prior
to this Assignment taking effect.
PRE~IOUS ASSIGNlVIENTS: None
For ~C l~eal Es~te LLC, John A. Vaun, Manager, Assignor
Dennis 1~. Frisbee, Assignee Carla M. Frisbee, Assignee
Attest:
Jennifer Walters, City Secretary
Approved as to Legal Form:
Herbert ~Attomey
By:
STATE OF TEXAS
COUNTY OF DENTON
This instrument was acknowledged before me on the fid/ day of
2005, by John a. Varm, President of JVC Real Estate, LLC, a Texas Limited Liability
Company.
II fo','_ '~?~ Nota fy Public, State of T®xas
li%J~.]~ My Commission Expires
l~tary4~u61ic, State df TeXas ~/
STATE OF TEXAS
COUNTy OF
This instrument was acknowledged before me on the I(~ay of l~G-q--c-~ ,
2005, by Dennis R. Frisbee, known to me to be the person whose name is subscribed to the
foregoing instrument and acknowledged to me that he/she executed the same for the purposes
[SEAL]
Notary Public, Stat~ of Texas
STATE OF TEXAS
COUNTY OF t~eaN~cON~[-~G~Cc~-
2005, by Carla M. Frisbee, known to me to be the person whose name is subscribed to the
foregoing instrument and acknowledged to me that he/she executed the same for the purposes
and consideration therein expressed
TRAOl J. BELUE .'"~
~,.[~'~)~"~ NotaiTPubllo, Sfa~ofTaxas ~
~___:~,~,' ........
STATE OF TEXAS
COUNTY OF DENTON
This instrument was acknowledged before me on the ~ day of~ ,
2005, by Michael A. Conduff, City Manager on behalf the City of Denton, Tex/as, a municipal
corporation.
~; ":'"?'~"!*' ANN FORSYIIqE
[S~ My COMMISS,ON EXP'~ES
~'~ May 9, ~08
Not~u~Public, gtate of~xas-