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Helicopter ServicesKALISPELL CITY AIRPORT HANGAR SITE LEASE THIS AGREEMENT, made and entered into this ,,2 3 day of 1988, by and between the City of Kalispell, a municipal corporation, hereinafter referred to for ease of reference as "the City" and HELICOPTER SERVICES, 2244 S. 1640 W., Woods Cross, Utah 84087, hereinafter referred to as "Tenant": W I T N E S S E T H: WHEREAS, the City operates the Kalispell City Airport; WHEREAS, the City desires, in order to provide a source of income for airport maintenance and to increase the utilization of said airport, to lease tracts of land to various tenants in order that the tenants may erect structures for the storage and protection of aircraft based at said airport; and WHEREAS, the City is limited to law to leases for airport purposes not exceeding 20 years' duration; NOW THEREFORE, IT IS AGREED AS FOLLOWS: 1. The City does hereby agree to lease the tract of land described on Exhibit A hereto as Leased Hangar Site No. to Tenant for Tenant's exclusive use in the erection of a hangar for the storage of one or more aircraft, for operation of a helicopter business, and for uses incidental to such business; together with an easement effective during the term of this lease for vehicular access to and from said hangar site and for airplane taxiway to and from the hangar site and the runway. It is agreed by the parties that a minimum taxiway space of 60 feet will be maintained between rows of structures. 2. Architectural Control: A completed hangar facility exists upon this property. Any modifications or expansion plans and specifi- cations for the proposed construction will be submitted to the City for its approval as to design, materials and exterior finish, in order that reasonable aesthetic harmony may be maintained by the various structures that are erected upon the airport property. The City may approve, conditionally approve, or reject said plans within 30 days of submission. A failure to take action within 30 days will be deemed conclusively to mean approval. A rejection or the imposition of conditions that are not acceptable to the Tenant shall give the Tenant the right to terminate this lease summarily. 3. Ground Rent: Tenant agrees to pay to the City for the use and benefit of the City the sum of $0.1575 (fifteen and 3/4) cents per square foot per year for the projected building area, which for purposes of this provision shall be the actual square footage occupied by the completed structure. Said rental shall be payable without demand on or before the anniversary date of this lease each year. If Tenant fails to pay said ground rent when due, the City shall have the right to terminate this lease upon 30 days notice to Tenant and to any lienholder who has requested such notice unless said ground rent is paid in full within 30 days notice period. 4. Terms: Tids lease shall be in full force and effect until January 1, 2008, unless sooner terminated by mutual agreement of the parties or by one of the parties under the specific provisions hereof. It is expressly agreed by the parties that upon the termination of this lease, unless a lease for a further term be negotiated, Tenant shall have the right to remove the hangar structure, but shall do so within 120 days and shall leave the premises in a restored condition except that paving will be left. Nothing herein shall be construed as preventing the parties hereto from negotiating for a modification of the lease at any time with a view to extending the term in consideration of an increased ground rent, so long as the remaining term is not greater than twenty years at any time. The ground rent will be reviewed and is subject to modification by the City on five vear intervals. 5. Assignment: Tenant shall have the right and privilege of sale, assignment or transfer of this lease for the purposes defined in Section 1., hereof, upon written notice to the City stating the name and address of the proposed buyer, assignee, or'transferee. if the City shall determine that said proposed buyer, assignee, or trans- feree is objectionable, any such reasonable objection shall be stated in writing to the Tenant within twenty (20) days after said notice. The City shall not unreasonably withhold consent to sell, assign, or transfer this lease. After sale or assignment by the Tenant of its interests herein, the Tenant shall be relieved from liability for rental payments accruing thereon, and the buyer, assignee, or transferee shall thereafter be liable. 6. Covenant as to Continued Airport Operation: The City covenants to continue the operation of Kalispell City Airport as a general aviation airport during the full term of this lease unless such operation becomes financially infeasible or legally impermissible. In the event that the Kalispell City Airport should be closed to general aviation operations, the City grants to Tenant a right of first refusal to purchase the site which is the subject of this lease together with an easement providing reasonable ingress and egress therefrom for a price which shall be established by the City Council on the basis of an appraisal of the site, but not the improvements, by a qualified professional appraiser, provided, however, that in the event it is not practicable for the City of Kalispell to sell the site herein leased, to the Tenant, the City at its option may elect to purchase the improvements placed upon the site, less taxiway improve- ment, at a price established by a qualified professional appraiser. 7. Liability: Tenant shall hold the City harmless from any liability claim of any kind or nature whatsoever arising out of the erection of the structure upon the premises contemplated herein or the use of said premises by Tenant or Tenant's invitees or licensees. As evidence of the Tenants covenant, herein to hold the City harmless from liability claims, the Tenant, at his expense, shall keep in force, during the term of this lease, insurance, issued by a responsible insurance company in a form acceptable to the City Attorney of the City of Kalispell, for the protection of the City against all liabil- ities, judgments, costs, damages and expenses which may accrue against, be charged to or recovered from the City, by reason of damage to property of, injury to or death of any person or persons on account of any matter or thing which may occur on the demised premises. Policy or policies in the amount of one million dollars ($1,000,000) with respect to any one person, and one million dollars ($1,000,000) with respect to any one accident or disaster, and one.hundred thousand dollars ($100,000) with respect to property damage. Said insurance shall be carried with an insurance company duly authorized to do business in the State of Montana, and a certificate showing that said insurance, as provided above, is in full force shall be furnished to the City of Kalispell, Drawer 1997, Kalispell, Montana, throughout the term of this lease. 8. Utility Services: Any utility services required by Tenant's structure or the use and occupation thereof shall be obtained by Tenant at Tenant's expense. 9. Maintenance: Tenant agrees that upon completion the structure will be maintained in good condition at all times, reasonable wear and tear excepted, at the expense of Tenant. 10. Taxes: Tenant shall be responsible for all taxes levied upon the structure erected hereunder and any equipment or property located therein. The land is owned by the City and is exempt from taxes, and the City agrees to maintain such tax exempt status. 11. City Airport Assessments: Tenant shall be responsible to pay to the City reasonable assessments made against all users of the Kalispell City Airport including but not limited to tie down fees, FBO fees and gasoline fees. 12. Right to Cancel: Tenant shall have the right to cancel, and terminate this lease and any obligations arising hereunder by written notice to the City delivered within 60 days hereafter. IN WITNESS WHEREOF, the parties have executed this lease as of the day and year first above written. ATTEST: CITY OF KALISPELL Clerk -Treasurer 7yor ATTEST: HELICOPTER SERVICES Preside lz