2002-156S:\Our Documents\Ordinances\02~Airport-Rent BAMI.doc
oRDr CE NO.
AN ORDINANCE OF THE CITY OF DENTON, TEXAS AUTHORIZING DEFERMENT OF
RENTAL PAYMENTS FOR CERTAIN LEASES AT THE DENTON MUNICIPAL AIRPORT;
PROVIDING AN EFFECTIVE DATE.
WHEREAS, due to the adverse impact on Denton Municipal Airport due to certain runway
closures, BAM Denton Management Ventures, L.L.C.("Tenant") a tenant under an FBO lease has
requested that its rental payments for months of April and May of 2002 (the "Deferred Amounts")
be deferred so that the Deferred Amounts are paid in four equal installments with the June, July,
August and September rental payments (the "Rental Deferment"); and
WHEREAS, the Denton Airport Advisory Board recommended the approval of the Rental
Deferment; and
WHEREAS, the City Council finds that the Rental Deferment is in the public interest; NOW,
THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION 1. The Rental Deferment is hereby authorized. No penalty or interest shall be
charged for the Rental Deferment.
SECTION 2. This ordinance shall become effective immediately upon its passage and
approval.
PASSED AND APPROVED this the ~/ day of ~/,.~ ,2002.
EULINE BROCK, MAYOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
, 'ROVED A F.O AL
HE 'ER TY,5 ?ATTO Y