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<br />o.RDINANCE NO., 492
<br />AN ORDINANCE A~ENDING THE tEASE_ BETWEEN THE. CITY o.F LA PORTE AND HOU-Po.RT AVIA-
<br />TION INC.,. LE~SEE,- 'GRANTING TO SAID LESSEE AN OPTION TO RENEW SAID LEASE FOR
<br />TWO, ~2) ADDITIONAL 'T~N' oar YEAR ,PERIODS AND AUTHORIZING AND INSTRUCTING THE
<br />MAYOR AND- ,CITY CLERK"TO EXECUTE SUCH AMENDMENT.
<br />BE IT ORDA:iNED BY T-H~ CITY 'COMMISSION OF:THE CITY OF L~ Po.RT,E, TEXAS. THAT:,
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<br />Section :1~"The;Mayor:and City:C)etk of the Ci~yof La Porte be, and
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<br />they are hereby, aut~orized: and direct'ed t'o execute and to affix the seal of the
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<br />City,to th~ agr~ement amendjng 'the lease between the City of La Porte and ~ou-
<br />'Port Aviation! ~nc~, _covering use of the La Porte Municipal Airportl as follows,
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<br />to-wit:
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<br />" ST ATE' o.F TEXAS I,
<br />COUNTY OF HARRI S I :
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<br />',"WHE~~AS~,on ;the:lOth day o~ February, A. D. 1947, a lease was
<br />executedbetw~en Arthur J. Mandell, A, W. Wadswortb; W, W, McMillan
<br />and Herman Wright:. a~ LesseesJand the Cit.y of La Porte, Texas, as
<br />Lessor~ covering tbeuse of the La Porte Municipal Airport by Lessees;
<br />the executio~of suc~ lease was duly authtirized and approved by the
<br />City: Council Qf La P~ite, by Ordinance NO. 330, nn the 10th day of
<br />February! A. Q. 1947; 'and -
<br />WHEKEAS~ ,on the' 27th day of F,ebruary,A. ,D. 19471 in accordance
<br />with: the, terms- of: said lease, the Lessees assigned such lease to Hou-
<br />Po-rt, Aviation, In,c.,' a Texas corporationi -and
<br />- -' WHEREAS1 ,the pr'imary term 'of such lease Was for a period of ten
<br />(10) years aq4 provi~ed that Lessees'were ~iven an option to renew the
<br />lea's,efo,r two ::(2) ad'diti~)'nal period-s of five (5) years each. on terms
<br />not;, mQre; than ,ten per cent, (Io.%) less favorable to tessees than the
<br />pre~edi~~ ter.; such options- to be exercised by Lessees by giving tbe
<br />City written n:otice ';of their intention to renew not less than sixty
<br />(60) days prior to t:he expiration of s,uch 1 ease or any renewal thereof;
<br />and',.' '- , '- ' '
<br />- WHERE;AS,. :'by Ord:inan~e No. 359, enacted by the La Porte City Coun-
<br />cilort the 3.rd day cif May.' A. Dt 1946.-- at the' request of the present
<br />holder of, the~ lease{' Hou-Port Aviatii!ln'~ he;! the original lease was
<br />amelidedso as ,to proVide- that the Less.ees shall have the light to re-
<br />new ,such leu'se fQr an additional term of five (5) years upon terms not
<br />more than te'IJ,p~r cent, (10%) less fav:orable,to the Lessee than the
<br />pridr"t~rm, a~d fur(her that Lessee shall have options to successively
<br />renew such lease for second. third and fourtb five (5) year periods;
<br />suc~ r~lIJe"als,:to be '~pon terms ,not 'more than ten per cent, (}O%) less
<br />favorable to ,he Lessees than the pree~ding period and providing that
<br />Lesse~s 'shall' exercTse such option by giving the City written notice
<br />of '.beir inte~tion to _renew not,less than six~y (60) days prior to
<br />tbe'expiration of the le~se or any renewal thereof; and
<br />","H~REASt,~y letter dated the 8th day of March. A. Do. 1951, Hou-
<br />Port Av~ati(m!i Inc:.I! the, present holder of such lease notified the
<br />City of':La :Porte that th:e :Lessee elect,ed to exercise its options to
<br />reo'ew such' Hase'for:e~c'h of ~he four (4) permissible five (5) year
<br />per!ods,! asp~ovided,,-ii1'the amendment ,to the lease as reflected in
<br />Ord:inanite No;:359; and ", ". '-
<br />!j' WH~REAS~,. said l"ease-. as amended and after exercise of the options
<br />to renew such lease::for th'e four (4) p,etmissible five (5) year periods,
<br />now': cov.rs th~ total periQ:d betwee.n !the 10th day of February" A. D.
<br />1941 thl"ougb :tbe 9tb: day ~f February, A. D. 1977. subject to the right
<br />of, the City o:f LaPo:rtei under tbe several options. to require terms
<br />not more than ten p~r cent. (10~) less favorable to the Lessee than
<br />eacb plecedin~ period; and.
<br />, :' WHEREA~_1 Hou-Po~rt Aviation. Inc. proposes to construct a new air-
<br />pl_ne hangar $"0 h~ndred (200) feet long and one hundred ten (110)
<br />feet clear s,~nl_ with tbirty (30) feet of head room. with a lean~to
<br />twenty (20) ,i"eet de.tlP with eight (8) feet-of head room along the en-
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