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HomeMy WebLinkAboutO-1977-1064 e . ORDINANCE'NO. 1064 . AN ORDINANCE AUTHORIZING AND DIRECTING THE MAYOR AND THE CITY CLERK OF THE CITY OF LA PORTE FOR AND ON BEHALF OF THE CITY OF LA PORTE TO EXECUTE AND TO AFFIX THE SEAL OF THE CITY TO AN ASSIGNMENT OF LEASES BETWEEN THE CITY, AS LESSOR, AND BAYPORT AVIATION, INC., SUCCESSOR TO HOU-PORT AVIATION, INC., AS ASSIGNEE, ACCORDING TO THE TER~S, PROVISIONS AND CONDITIONS CONTAINED IN SAID AGREEMENT, A COPY OF WHICH IS ATTACHED HERETO AND MADE A PART HEREOF; PROVIDING A SAVINGS CLAUSE; AND PROVIDING AN EFFECTIVE DATE OF THIS ORDINANCE. 'Section 1. That the Mayor and the City Clerk of the City of La Porte, Texas, be and they are hereby authorized and directed to execute for and on behalf of said City, an Assignment of Leases with Bayport Aviation, Inc., successor to Hou-Port Aviation, Inc., according to the terms, provisions and . conditions contained in such Agreement, a copy of which is attached hereto, incorporated by reference herein, and made a part hereof for all purposes. Section 2. This Ordinance shall take effect and be in force from and after its passage and approval. PASSED and APPROVED this the 22nd day of February, 1977. ~.:t-~..:i: ~~'" "- CITY OF LA PORTE ~- J. J. Meza, .Mayo -. ": . ~~~ . City Clerk AP~~d City Attorney .. ~ ~ . . . ASSIGNMENT OF LEASES THE STATE OF TEXAS X X COUNTY OF HARRIS X KNOW ALL MEN BY THESE PRESENTS: WHEREAS, by Lease Agreement dated January 1, 1966, between the City of La Porte, Lessor, and Hou-Port Aviation, Inc., a Texas corporation, successor to Bayport Aviation; Inc., Lessee, Lessor granted to Lessee the option (which may be exercised any time on or before Decernber 31, 1985) to lease from Lessor, not to exceed twenty (20) acres, from the then remaining unleased portion of the City of La Porte Municipal Airport at an annual . rental of Four Hundred Thirty-five Dollars and Sixty Cents ($435.60) per acre leased, sUbject to the terms and provisions therein contained; and WHEREAS, by Agreement dated January 15, 1966, by and between the City of La Porte, Lessor, and Hou-Port Aviation, Inc., a Texas corporation, successor to Bayport Aviation, Inc., Lessee, Lessor granted to Lessee the option, to become Lessor's assignee of certain third party Lease Agreements; and WHEREAS, the City of La Porte, as Lessor, has entered into an Agreement of Lease dated July 1, 1972, with Gulf Central . Aviation, Inc., Lessee, as authorized by City of La Porte Ordi- nance No. 932, for the lease of 3.00 acres of land at the City of La Porte Municipal Airport; and WHEREAS, the City of La Porte, as Lessor, has entered into an Agreernent of Lease dated January 1, 1977, with Gregory Aviation, a co-partnership, composed of Robert A. Gregory and James M. Williams, Lessee, for the lease of 3.315 acres at the City of La Porte Municipal Airport; and WHEREAS, Bayport Aviation, Inc., by letter dated Novernber 26, 1976, has exercised its above-described options, as to said property and as to said leases: . NOW, THEREFORE, KNOW ALL MEN BY THESE PRESENTS, that the City of La Porte, a municipal corporation, Lessor under the two above- I . -, . e -2- . described leases of property at the City of La Porte Municipal Airport, for and in consideration of the sum of Ten Dollars ($10.00) and other good and valuable considerations to it in hand paid by Bayport Aviation, Inc., and an annual rental of Four Hundred Thirty-five Dollars and Sixty Cents ($435.60) per acre leased, payable annually in advance, and subject to the terms, conditions and covenants contained in said lease agreements, has sold, trans- ferred and conveyed, and does hereby sell, transfer and convey unto the said Bayport Aviation, Inc., a Texas corporation, having its principal office in Harris County, Texas, the two abovementioned . leases with Gulf Central Aviation, Inc., and Gregory Aviation, a co-partnership, as aforesai~. Bayport Aviation, Inc., joins herein to evidence its agreement to become City of La Porte's assignee of said lease agreements with said parties, and thereby to become bound by the terms, conditions and covenants in said leases contained. IN WITNESS WHEREOF, the parties hereto have hereunto signed and sealed this instrument in several duplicate originals, this the 22nd day of February, 1977. . :::F ~ J. J. Meza, Mayor ' ~ . ATTEST: ~~r~ City C er BAYPORT AVIATION, INC. ~\ By ......... ~ S~ci:')'tary ~.. .......... " .' '. .