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Home My WebLink About030394 ORD - 01/13/2015 Ordinance Authorizing the City Manager, or designee, to execute an Amended and Restated Hangar and Fixed Base Operator's Lease with Signature Flight Support Corporation for the operation of a commercial hangar and fixed base aviation operation on the east side of the airfield at the Corpus Christi International Airport, in consideration of an annual rental fee at fair market value based on the current professional property and land appraisal, for a new term of five (5) years; providing for severance; providing for publication; and providing for an effective date. WHEREAS, by Ordinance No. 5456, passed and approved by the City Council on August 29, 1959, the City of Corpus Christi approved, subject to certain conditions, an assignment of a hangar and fixed base operator's lease to Gault Aviation, Inc., effective July 14, 1960, for the operation of a commercial hangar and fixed base aviation operation at Corpus Christi International Airport (the "Airport"); WHEREAS, through a series of subsequent authorized lease assignments, amendments, and name changes, the above-referenced lease is now held by Signature Flight Support Corporation ("Signature") as the current tenant of the Airport; WHEREAS, the City wishes to restate and amend the existing lease and enter into a new lease term with Signature; and BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. The City Manager, or his designee, is hereby authorized to execute an Amended and Restated Hangar and Fixed Base Operator's Lease ("Lease")with Signature Flight Support Corporation ("Signature") for the operation of a commercial hangar and fixed base aviation operation on the east side of the airfield at the Corpus Christi International Airport, in consideration of an annual rental fee at fair market value, based on the current professional property and land appraisal, for a new term of five (5) years. A copy of the Lease is attached to and incorporated by reference in this ordinance and placed on file in the City Secretary's Office. SECTION 2. If for any reason any section, paragraph, subdivision, clause, phrase, or word of this ordinance is held invalid or unconstitutional by final judgment of a court of competent jurisdiction, it shall not affect any other section, paragraph, subdivision, clause, phrase, or word of this ordinance, for it is the definite intent of this City Council that every section, paragraph, subdivision, clause, phrase, or word of this ordinance be given full force and effect for its purpose. SECTION 3. The City Secretary is directed to have this ordinance published in the official publication of the City of Corpus Christi and the cost of same paid by Signature, both as required by the City Charter of the City of Corpus Christi. 030394 INDEXED Page 2 of 2 SECTION 4. Following publication, this ordinance is effective upon the 61st day following final approval by the City Council. The foregqing ordinance was read for the first time and passed to its second reading on this the 11'f -day of a0Q�, , 2014, by the following vote: Nelda Martinez 0 Chad Magill _niti._ Kelley Allen a.A, Colleen McIntyre t A ! Rudy Garza Lillian Riojas ii I Priscilla Leal C� Mark Scott IA David Loeb ___02?) 1 The foregoinsL9ftlinance w s read for the second timgrand passed finally on this the Iay of , 201, by the following vote: Nelda Martinez _4____ Brian Rosas _1._j.- ,2_, Rudy Garza S ' Lucy Rubio _Id.1,_ Chad Magill Mark Scott 1 —4L-al Colleen McIntyre U Carolyn Vaughn Lillian Riojas 1 -h� S PASSED AND APPROVED this the day of �� A1_0 , 201j( 4- , ATTEST: ne-tatare- ----1A-QAit—e-‘ Rebecca Huerta Nelda Martinez City Secretary Mayor EFFECTIVE DATE .414€...... 030394 PUBLISHER'S AFFIDAVIT State of Texas } CITY OF CORPUS CHRISTI Count of Nueces } Ad# 443344 PO# Before me, the undersigned, a Notary Public, this day personally came GEORGIA LAWSON, who being first duly sworn, according to law, says that she is LEGAL SALES REPRESENATIVE AND EMPLOYEE OF THE PUBLISHER, namely,the Corpus Christi Caller-Times, a daily newspaper published at Corpus Christi in said City and State, generally circulated in Aransas, Bee, Brooks, Duval, Jim Hogg, Jim Wells, Kleberg, Live Oak, Nueces, Refugio, and San Patricio, Counties, and that the publication of NOTICE OF PASSAGE OF ORDINANCE Ordin which the annexed is a true copy, was inserted in the Corpus Christi Caller-Times on: CC-Corpus Christi Caller-Times l►/21/14 Sun CC-Internet - caller.com '/21/14 Sun 1.1 I LEGAL SALES REP' SENTATIVE )-1—Ltn ) '<-4''-, t_{ On this S6 day ofl , 20 - I certify that the attached document is a true and exact copy made by publisher. --- Nota Nota Pu. .1 e of Texas Nit CHELLE R) CommissionJOYCE CABExpiresER A C March 19,2016 CALLER TIMES I December 21,20141 11 E egis 4ti NOTICE OF PASSAGE OF ORDINANCE Ordinance authorizing the City Manager, or designee to execute an Amended and Restated Hangar and Fixed Base Operator's Lease With Signature Flight Support Corporation for the opera- tion of a commercial han- gar and fixed-base aviation operation on the east side of the airfield at the Corpus Christi International Airport, in consideration of an annu- al rental fee at fair market value based on the current lrofessional property and and appraisal, for a new term of five (5)years.As part of the new agreement, Sig- nature will perform approx- imately$300,000 in deferred maintenance on the leased premises and pay the City annual rent at fair market value totaling approximate- ly$269,334,as compared to the current annual amount of$53,541.The leased prem- ises included in this agree- ment will include two (2) hangars and twenty five percent (25%) of the air- craft parking ramp located in front of the facilities. In the event Signature needs aircraft ramp parking space greater than the allocated portion, Signature will be allowed to utilize available space on the city-owned aircraft parking ramp and Signaturewill collect fees for the city-owned aircraft ramp parking and retain 25% and remit the remain- ing 75%of the collected fees to the City. The agreement provides that Signature may extend the base agreement of 5 years for up to four additional 5-year options.To execute each 5-year option, Signature will be required to make a $1.1 million capital investment for each 5-year option period. Subject to the required capital invest- ment, the agreement could be extended to a maximum of 25 years. Providing for severance; providing for publication; and providing for an effective date. This ordinance was passed and approved on first reading by the City Council on Decem- ber 16,2014. City Secretary • PUBLISHER'S AFFIDAVIT State of Texas } CITY OF CORPUS CHRISTI Count of Nueces } Ad # 453539 PO # Before me, the undersigned, a Notary Public, this day personally came GEORGIA LAWSON, who being first duly sworn, according to law, says that she is LEGAL SALES REPRESENATIVE AND EMPLOYEE OF THE PUBLISHER, namely,the Corpus Christi Caller-Times, a daily newspaper published at Corpus Christi in said City and State, generally circulated in Aransas, Bee, Brooks, Duval, Jim Hogg, Jim Wells, Kleberg, Live Oak, Nueces, Refugio, and San Patricio, Counties, and that the publication of NOTICE OF PASSAGE OF ORDINANCE Ordin which the annexed is a true copy, was inserted in the Corpus Christi Caller-Times on: CC-Corpus Christi Caller-Times 01/18/15 Sun CC-Internet - caller.com 01/18/15 Sun LEGAL SALES REPRESENTATIVE On this `' l day of 3 an Lexf C_ , 20)?3 I certify that the attached document is a true and exact copy made by publisher. C Amaci, Notary Public, SMI'exas Acr` MICHELLE JOYCE CABRERA ^/ My Commission Expires r,� �; March 19,2016 CALLER-TIMES I January 18,2015 I 9E NOTICE OF PASSAGE OF 'ORDINANCE Ordinance authorizing the City Manager, or designee, to execute an Amended and Restated Hangar and Fixed Base Operator's Lease with Signature Flight Support Corporation for the opera- tion of a commercial han- gar and fixed-base aviation operation on the east side of the airfield at the Corpus Christi International Airport, in consideration of an annu- al rental fee at fair market value based on the current lrofessional property and and appraisal, for a new term of five(5)years.As part of the new agreement, Sig- nature will perform approx- imately$300,000 in deferred maintenance on the leased premises and pay,the City annual rent at fair market value totaling approximate- ly$269,334,as compared to the current annual amount of$53,541.The leased prem- ises included in this agree- ment will include two (2) hangars and twenty five percent (25%) of the air- craft parking ramp located in front of the facilities. In the event Signature needs aircraft ramp parking space greater than the allocated portion, Signature will be allowed to utilize available space on the city-owned aircraft parking ramp. and Signaturewill collect fees for the city-owned aircraft ramp parking and retain 25% and remit the.remain- ing 75%of the collected fees to the City. The agreement provides that Signature may extend the base agreement of 5 years for up to four additional 5-year options.To execute each 5-year option, Signature will required make mllocapital investment$1.1,or each 5-year option period. Subject to the required capital invest- ment, the agreement could be extended to a maximum of.25 years. Providing for severance; providing for publication; and providing for;an,effective date. This ordinance was passed and approved on second reading by the City Council on Janu- ary 13,2015. /s/Rebecca Huerta City Secretary