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HomeMy WebLinkAboutRes.2830.07-21-2014BILL NO. 14-112 RESOLUTION NO. Ako A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE VARIOUS T -HANGAR LEASE AGREEMENTS AT THE CAPE GIRARDEAU REGIONAL AIRPORT BE IT RESOLVED BY THE COUNCIL OF THE CITY OF CAPE GIRARDEAU, MISSOURI, AS FOLLOWS: ARTICLE 1. The City Manager, for and on behalf of the City of Cape Girardeau, Missouri, is hereby authorized to execute Lease Agreements with Tiger Air, Wes Graviett, Mitch and Linn Cornman, Dennis Turner -Little Lattitudes, LLC, Robin Cole, George T. Sander, Don Marshall, Charles Goshen, Nemesis Flight Ops LLC, Magniflight, LLC, for lease space at the Cape Girardeau Regional Airport, in the City of Cape Girardeau, Missouri. The Agreements shall be in substantially the form attached hereto as Exhibit A, which documents are hereby approved by the City Council, with such changes therein as shall be approved by the officers of the City executing the same. PASSED AND ADOPTED THIS ATTEST: dl' LtDk Gay L. Conrad; City Clerk Harry 1.1C V U L T -HANGAR LEASE AGR IEE ENT This Agreement made and entered into this D�day of by and between the City of Cape Girardeau, Missouri, a Municipal Corporation, hereinafte calle "Lessor" and Wes Graviett hereinafter referred to as "Lessee". For and in consideration of the mutual covenants, terms and conditions contained herein, the parties agree as follows: 1. PREMISES. Lessor hereby leases to Lessee the following described property: T -Hangar located at the Cape Girardeau Regional Airport in Cape Girardeau, Missouri, designated as T -Hangar # 11 , as shown in Exhibit A, together with reasonably necessary rights of access across Lessor's adjoining area. The aircraft which is to be stored by Lessee at this location is described as: Registration Number: 89CR Year: 2007 Make: Cirrus Model: SR22 In addition, Lessee is allowed two (2) aircraft changes within the same terms and conditions of this lease ONLY if the aircraft is owned under the same name as the Lessee. Lessee must advise the Airport Manager of the following information prior to any change in the aircraft to be stored herein. Aircraft Chanee 1: Date: Registration Number: Make: Aircraft Change 2: Date: Registration Number: Make: Year: Model: Year: Model: 2. TERM. This Agreement shall commence on June 1 2014 and remain in effect for a period of one (1) year. Thereafter, this Agreement shall continue in effect from month to month, being automatically renewed after each month unless thirty (30) day written notice is given by either party that the Agreement should not be renewed. RENTAL. Lessee shall pay Lessor monthly, beginning the first day of each month, the rental amount as hereinafter provided, said amount being due and payable on or before the 10th day of each month during the term of this lease. Lessee agrees to pay Lessor One Hundred, Ninety -Five and no cents ($195.00) monthly. This rental amount shall be adjusted every five (5) years. For each successive five (5) year period during the remainder of this agreement, the rental amount shall equal the rental amount of the preceding terms plus a percentage of said preceding rental amount for the successive five year (5) period. The percentage referenced herein shall be the percentage increase in the Consumer Price Page 1 of 6 Index (Midwest Urban All Urban Consumers) for the preceding five (5) year period, not to exceed three (3) percent per year, unless a lower percentage is determined by the Airport Manager. All payments are to be made at the office of the City Collector of the City of Cape Girardeau or at such other place as Lessor may direct. There will be a 1'h % per month interest (18% per year) charged on all past due accounts. 4. USE OF THE PREMISES. The T -Hangar hereby leased shall be used only for the storage of aircraft owned or leased by Lessee. Absolutely no storage of any type automobile, recreational vehicle, boat, other non -aviation related items or equipment is permitted in the hangar. Lessor reserves the right to cease the provision of aviation/FBO services to the Lessee if this rule is violated, in addition to any other remedies provided in this lease. Lessee is prohibited from storing any fuel or petroleum products upon the leased premises, except those necessary for minor maintenance. No waste or petroleum materials shall be spilled or in any way contaminate the Airport premises or property adjacent to the Airport through activities of the Lessee. The Lessee shall be responsible for cleanup, containment, and abatement of such spill or contamination at Lessee's sole cost and expense. Further, Lessee shall immediately notify the Airport Manager and appropriate governmental agency of such an occurrence. Should the Lessee fail to do so, the Lessor may take any reasonable and appropriate action in the Lessee's stead. The cost of such remedial action by the Lessor shall be paid by the Lessee. No maintenance of the stored aircraft shall be conducted in the T -Hangar, except such minor maintenance as would normally be performed by an aircraft owner without the benefit of an aircraft mechanic. Lessee further agrees that no commercial aviation activities will be conducted on Lessor's premises without the express written approval of the Airport Manager. This includes, but is not limited to aircraft rental, charter, leasing, flight instruction, maintenance, and aerial survey/photography. Lessee shall not use or permit the use of all or any portion of the leased premises in any other manner than herein set forth, without the prior written consent of Lessor. 5. UTILITIES. Lessor shall assume and pay for all costs and charges for utility services furnished as a part of Lessee's rent. Lessor reserves the right to limit the use of utilities should Lessee's use of utilities become excessive. 6. CUSTODIAL SERVICES. Lessee agrees to provide the necessary materials, equipment and labor to provide all necessary janitorial and custodial services, and to maintain the premises in a clean, safe, orderly, and sanitary condition. Lessee shall provide a complete and proper arrangement for the adequate sanitary handling and disposal of all trash and other refuse caused by its operations under this lease. 7. MAINTENANCE AND REPAIR. Lessee shall at its sole cost and expense, keep and maintain the demised premises in first class condition, which condition shall at all times be based on a standard of care reflecting prudent property management, reasonable wear and tear excepted. Lessor will maintain the structural components of the T -Hangar, including doors and door mechanisms. Lessee shall be responsible and liable for any damage to the T -Hangar caused by Lessee's use, including, but not limited to, bent or broken interior walls, damage to unsealed floors due to fuel, oil spillage, doors damaged due to Lessee's improper or negligent operations. Page 2 of 6 8. INGRESS AND EGRESS. Lessor shall provide a right of ingress and egress to the demised premises for the Lessee, its officers, employees and agents. 9. ALTERATIONS AND IMPROVEMENTS. Lessee shall make no alterations, additions, repairs, replacements, or improvements upon the lease premises without the prior written consent of the Airport Manager. Such consent shall not be withheld without reasonable cause. All alterations, additions, repairs, replacements, and improvements shall be, and will remain the property of Lessor and will be surrendered with the leased premises as part thereof upon termination of this Lease Agreement. 10. ASSIGNMENT AND SUBLEASE. Lessee shall not assign or sublease this T -Hangar without the express written approval of the Airport Manager. In the event that Lessee does receive written approval to assign or sublease this T -Hangar, the Lessee shall remain liable to Lessor for the remainder of the term of the lease to pay Lessor any portion of the rent and fees provided for herein upon failure of the assignee or sub -lessee to pay the same when due. Storage of aircraft not belonging to, or leased by Lessee, shall be construed as a sublease and, unless approved in writing by the Airport Manager, shall be grounds for termination of this lease. 11. ANNUAL INSPECTION. Lessee's aircraft shall be in annual or progressive inspection and license, not more than ninety (90) days from required date. Upon request of the Airport Manager, Lessee shall furnish proof that aircraft has been certified in accordance with FAA criteria and/or proof of annual inspection. 12. RIGHT OF ENTRY. Lessor shall have at all reasonable times during business hours, the full and unrestricted right to enter the leased premises for the purpose of inspection, and for the purpose of doing any and all things which it is obligated or has a right to do under this agreement or by law. 13. SECURITY. Lessee agrees to abide by and cooperate with Lessor in the enforcement and implementation of applicable airport security regulations and measures as prescribed by the Department of Homeland Security/Transportation Security Administration, and the Cape Girardeau Regional Airport. 14. TAXES. Lessee shall pay all personal property taxes which may be assessed against equipment, merchandise or other personal property owned or used by Lessee located on the demised premises. Additionally, Lessee understands and agrees that Lessor may be required to provide information to federal and state government inquiries regarding Lessee's property known to be stored by Lessee. 15. NO WAIVER OF FUTURE BREACH. The failure of Lessor or Lessee to insist, in any one or more instances, on a strict performance of any of the terms or the conditions of this Lease, or to exercise any right herein contained, shall not be construed as a future waiver or a relinquishment of the provisions or right, but the same shall continue and remain in full force and effect. The receipt by Lessor of rent, with knowledge of the breach of any term or condition hereof, shall not be deemed a waiver of the breach and no waiver by Lessor of any provision hereof shall be deemed to have been made unless expressed in writing and signed by Lessor. Should Lessor at some time consent to an assignment of this Lease or to a sublease of the whole or any part of the demised premises, no further assignment and no further sublease shall be made without the express consent in writing by the Airport Manager. None of the terms or conditions of this Lease shall be altered, waived, or modified in any manner except by written instrument executed by both parties. Page 3 of 6 16. INDEMNIFICATION - Lessee shall indemnify and hold harmless and defend the Lessor, its officers, agents and employees from and against any and all claims, demands, damage, loss or liability of any kind or nature, costs or expenses, including attorney's fees and witness costs which may be asserted by any person or persons for or on account of any injuries or death or damages to property sustained because of or arising out of activities of Lessee, its officers, agents or employees provided for herein, whether or not there is concurrent active or passive negligence on the part of the Lessor, but excluding liabilities due to the sole negligence or willful misconduct of Lessor. Lessor shall not be liable for its failure to perform the Agreement or for any loss, injury, damage or delay of any nature whatsoever resulting there from caused by any Act of God, fire, flood, accident, strike, labor dispute, riot, insurrection, war or any other cause beyond Lessor's control. 17. LESSEE'S RIGHT OF TERMINATION. Lessee shall have the right to terminate this lease upon the happening of one or more of the following events: A. The permanent abandonment of the Airport, B. The lawful assumption by the United States Government, or any authorized agency thereof, of the operation, control or use of the Airport, or nay substantial part thereof, in such a manner as to substantially restrict Lessee's use of the premises for a period of forty-five (45) days. C. Issuance by any Court of competent jurisdiction of any injunction in any way preventing or restricting the use of the Airport, and the remaining in force of such injunction for a period of at least forty-five (45) days, D. The default by Lessor in the performance of any covenant or agreement herein required to be performed by Lessor, and the failure of Lessor to remedy such default for a period of thirty (30) days after receipt from Lessee of written notice to remedy said default. E. Lessee relocates, sells, or in any way loses the aircraft referred to herein, above. Lessee may exercise the right of termination by written notice to Lessor at any time within thirty (30) days after any of the events mentioned in the preceding subparagraphs (A) through (E) above. In the event Lessee is delinquent in rental payment(s) to Lessor in excess of sixty (60) days, Lessee understands and agrees that Lessor has the right to change the lock on the hangar and hold property of the Lessee until which time total delinquent rental and fee amounts due are paid in full to the Lessor. After such payments are received by Lessee, the Lessor shall have until the end of the next business day to provide access of Lessee's T -Hangar. 18. LESSOR'S RIGHT OF TERMINATION. This lease shall be subject to termination by Lessor upon the happening of any one or more of the following events: A. Lessee shall be in arrears in the payment of rent for a period of thirty (30) days after the time such payment shall be due, B. Lessee shall make a general assignment for the benefit of creditors, C. Lessee shall file a voluntary, or have filed against it an involuntary, petition in bankruptcy, provided such petition whether voluntary or involuntary shall not be dismissed within fifteen (15) days after it is filed, D. Lessee shall abandon the demised premises, E. Lessee shall discontinue its use of the premises for a period of thirty (30) days, except for Page 4 of 6 normal absence, such as an extended flight, aircraft repairs, replacement, etc. F. Lessee shall default in the performance of any of the other covenants, agreements and conditions required to be kept and performed by Lessee, and such default continue for a period of thirty (30) days after receipt of written notice from Lessor of said default. G. Lessee shall violate any portion of the "Cape Girardeau Regional Airport Rules and Regulations" in effect at any time during the term of this lease. Lessor may exercise the right of termination provided for herein by written notice to Lessee of its intention to terminate, and this lease shall terminate ten (10) days after the date of such notice. In the event of termination Lessor may take possession of the demised premises upon the effective date of said termination. Default under this lease shall entitle Lessor to declare all remaining installments or rentals to be due and payable immediately, and in the event Lessor shall take possession of the demised premises, it may relet the same upon such terms and conditions as it shall deem appropriate, and any deficiency in the rental payments shall be and remain the obligation of the Lessee. 19. NOTICES. Any notice or other communication to Lessor or Lessee referred to in this lease agreement shall be deemed validly given, served and delivered upon deposit in the United States Mail, registered and with proper postage and registration fee prepaid, addressed as follows: LESSOR: City Clerk City Hall 401 Independence P. O. Box 617 Cape Girardeau, Missouri 63702-0617 LESSEE: Wes Gmviett 9462 State Hwy 77 Chaffee, MO 63740 Page 5 of 6 20. PARTIES BOUND. All of the terms, covenants and conditions herein contained shall be binding upon and shall inure to the benefit of the parties, their successors, heirs, executors, administrators and assigns. IN WITNESS WHEREOF, the parties here to have caused this agreement to be executed as of the day and year first above written at Cape Girardeau, Missouri. CITY OF CAPEAfRARDE'AU. MISSOURI Seett-A. Meyer City Manager ATTEST: Gayle onrad City ClerkGlR,1� ._. LESSEE �• ,/ W. Ala sot►1 �...�. Wes Grav eit ATTEST: Page 6 of 6 y m x a E CMT pa o00< WII CAPE GIRARDEAU REGIONAL AIRPORT CAPE. GIRARDEAU„ MISSOURI �f CONSTRI If.T 1M INR T-HANrAR ANn p FF CMT pa o00< WII CAPE GIRARDEAU REGIONAL AIRPORT CAPE. GIRARDEAU„ MISSOURI �f CONSTRI If.T 1M INR T-HANrAR ANn T -HANGAR LEASE AGREEMENT I II This Agreement made and entered into thi day of by and between the City of Cape Girardeau, Missouri, a Municipal Corporation, hereinaft r call "Lessor" and _Tiger Air hereinafter referred to as "Lessee". For and in consideration of the mutual covenants, terms and condiWns contained herein, the parties agree as follows: 1. PREMISES. Lessor hereby leases to Lessee the following described property: T -Hangar located at the Cape Girardeau Regional Airport in Cape Girardeau, Missouri, designated as T -Hangar # 12 , as shown in Exhibit A, together with reasonably necessary rights of access across Lessor's adjoining area. The aircraft which is to be stored by Lessee at this location is described as: Registration Number: 46TE Year: 2005 Make: Cirrus Model: SR22 In addition, Lessee is allowed two (2) aircraft changes within the same terms and conditions of this lease ONLY if the aircraft is owned under the same name as the Lessee. Lessee must advise the Airport Manager of the following information prior to any change in the aircraft to be stored herein. Aircraft Change 1: Date: Registration Number: Make: Aircraft Change 2: Date: Registration Make: Year: Model: Year: Model: 2. TERM. This Agreement shall commence on June 1 2014 and remain in effect for a period of one (1) year. Thereafter, this Agreement shall continue in effect from month to month, being automatically renewed after each month unless thirty (30) day written notice is given by either party that the Agreement should not be renewed. 3: RENTAL. Lessee shall pay Lessor monthly, beginning the first day of each month, the rental amount as hereinafter provided, said amount being due and payable on or before the 10th day of each month during the term of this lease. Lessee agrees to pay Lessor One Hundred, Ninety -Five and no cents ($195.00) monthly. This rental amount shall be adjusted every five (5) years. For each successive five (5) year period during the remainder of this agreement, the rental amount shall equal the rental amount of the preceding terms plus a percentage of said preceding rental amount for the successive five year (5) period. The percentage referenced herein shall be the Page 1 of 6 percentage increase in the Consumer Price Index (Midwest Urban All Urban Consumers) for the preceding five (5) year period, not to exceed three (3) percent per year, unless a lower percentage is determined by the Airport Manager. All payments are to be made at the office of the City Collector of the City of Cape Girardeau or at such other place as Lessor may direct. There will be a 1�/2 % per month interest (18% per year) charged on all past due accounts. 4. USE OF THE PREMISES. The T -Hangar hereby leased shall be used only for the storage of aircraft owned or leased by Lessee. Absolutely no storage of any type automobile, recreational vehicle, boat, other non -aviation related items or equipment is permitted in the hangar. Lessor reserves the right to cease the provision of aviation/FBO services to the Lessee if this rule is violated, in addition to any other remedies provided in this lease. Lessee is prohibited from storing any fuel or petroleum products upon the leased premises, except those necessary for minor maintenance. No waste or petroleum materials shall be spilled or in any way contaminate the Airport premises or property adjacent to the Airport through activities of the Lessee. The Lessee shall be responsible for cleanup, containment, and abatement of such spill or contamination at Lessee's sole cost and expense. Further, Lessee shall immediately notify the Airport Manager and appropriate governmental agency of such an occurrence. Should the Lessee fail to do so, the Lessor may take any reasonable and appropriate action in the Lessee's stead. The cost of such remedial action by the Lessor shall be paid by the Lessee. No maintenance of the stored aircraft shall be conducted in the T -Hangar, except such minor maintenance as would normally be performed by an aircraft owner without the benefit of an aircraft mechanic. Lessee further agrees that no commercial aviation activities will be conducted on Lessor's premises without the express written approval of the Airport Manager. This includes, but is not limited to aircraft rental, charter, leasing, flight instruction, maintenance, and aerial survey/photography. Lessee shall not use or permit the use of all or any portion of the leased premises in any other manner than herein set forth, without the prior written consent of Lessor. 5. UTILITIES. Lessor shall assume and pay for all costs and charges for utility services furnished as a part of Lessee's rent. Lessor reserves the right to limit the use of utilities should Lessee's use of utilities become excessive. 6. CUSTODIAL SERVICES. Lessee agrees to provide the necessary materials, equipment and labor to provide all necessary janitorial and custodial services, and to maintain the premises in a clean, safe, orderly, and sanitary condition. Lessee shall provide a complete and proper arrangement for the adequate sanitary handling and disposal of all trash and other refuse caused by its operations under this lease. 7. MAINTENANCE AND REPAIR. Lessee shall at its sole cost and expense, keep and maintain the demised premises in first class condition, which condition shall at all times be based on a standard of care reflecting prudent property management, reasonable wear and tear excepted. Lessor will maintain the structural components of the T -Hangar, including doors and door mechanisms. Lessee shall be responsible and liable for any damage to the T -Hangar caused by Lessee's use, including, but not limited to, bent or broken interior walls, damage to unsealed floors due to fuel, oil spillage, doors damaged due to Lessee's improper or negligent operations. Page 2 of 6 8. INGRESS AND EGRESS. Lessor shall provide a right of ingress and egress to the demised premises for the Lessee, its officers, employees and agents. 9. ALTERATIONS AND IMPROVEMENTS. Lessee shall make no alterations, additions, repairs, replacements, or improvements upon the lease premises without the prior written consent of the Airport Manager. Such consent shall not be withheld without reasonable cause. All alterations, additions, repairs, replacements, and improvements shall be, and will remain the property of Lessor and will be surrendered with the leased premises as part thereof upon termination of this Lease Agreement. 10. ASSIGNMENT AND SUBLEASE. Lessee shall not assign or sublease this T -Hangar without the express written approval of the Airport Manager. In the event that Lessee does receive written approval to assign or sublease this T -Hangar, the Lessee shall remain liable to Lessor for the remainder of the term of the lease to pay Lessor any portion of the rent and fees provided for herein upon failure of the assignee or sub -lessee to pay the same when due. Storage of aircraft not belonging to, or leased by Lessee, shall be construed as a sublease and, unless approved in writing by the Airport Manager, shall be grounds for termination of this lease. 11. ANNUAL INSPECTION. Lessee's aircraft shall be in annual or progressive inspection and license, not more than ninety (90) days from required date. Upon request of the Airport Manager, Lessee shall furnish proof that aircraft has been certified in accordance with FAA criteria and/or proof of annual inspection. 12. RIGHT OF ENTRY. Lessor shall have at all reasonable times during business hours, the full and unrestricted right to enter the leased premises for the purpose of inspection, and for the purpose of doing any and all things which it is obligated or has a right to do under this agreement or by law. 13. SECURITY. Lessee agrees to abide by and cooperate with Lessor in the enforcement and implementation of applicable airport security regulations and measures as prescribed by the Department of Homeland Securityfrransportation Security Administration, and the Cape Girardeau Regional Airport. 14. TAXES. Lessee shall pay all personal property taxes which may be assessed against equipment, merchandise or other personal property owned or used by Lessee located on the demised premises. Additionally, Lessee understands and agrees that Lessor may be required to provide information to federal and state government inquiries regarding Lessee's property known to be stored by Lessee. 15. NO WAIVER OF FUTURE BREACH. The failure of Lessor or Lessee to insist, in any one or more instances, on a strict performance of any of the terms or the conditions of this Lease, or to exercise any right herein contained, shall not be construed as a future waiver or a relinquishment of the provisions or right, but the same shall continue and remain in full force and effect. The receipt by Lessor of rent, with knowledge of the breach of any term or condition hereof, shall not be deemed a waiver of the breach and no waiver by Lessor of any provision hereof shall be deemed to have been made unless expressed in writing and signed by Lessor. Should Lessor at some time consent to an assignment of this Lease or to a sublease of the whole or any part of the demised premises, no further assignment and no further sublease shall be made without the express consent in writing by the Airport Manager. None of the terms or conditions of this Lease shall be altered, waived, or modified in any manner except by written instrument executed by both parties. Page 3 of 6 16. INDEMNIFICATION - Lessee shall indemnify and hold harmless and defend the Lessor, its officers, agents and employees from and against any and all claims, demands, damage, loss or liability of any kind or nature, costs or expenses, including attomey's fees and witness costs which may be asserted by any person or persons for or on account of any injuries or death or damages to property sustained because of or arising out of activities of Lessee, its officers, agents or employees provided for herein, whether or not there is concurrent active or passive negligence on the part of the Lessor, but excluding liabilities due to the sole negligence or willful misconduct of Lessor. Lessor shall not be liable for its failure to perforin the Agreement or for any loss, injury, damage or delay of any nature whatsoever resulting there from caused by any Act of God, fire, flood, accident, strike, labor dispute, riot, insurrection, war or any other cause beyond Lessor's control. 17. LESSEE'S RIGHT OF TERMINATION. Lessee shall have the right to terminate this lease upon the happening of one or more of the following events: A. The permanent abandonment of the Airport, B. The lawful assumption by the United States Government, or any authorized agency thereof, of the operation, control or use of the Airport, or nay substantial part thereof, in such a manner as to substantially restrict Lessee's use of the premises for a period of forty-five (45) days. C. Issuance by any Court of competent jurisdiction of any injunction in any way preventing or restricting the use of the Airport, and the remaining in force of such injunction for a period of at least forty-five (45) days, D. The default by Lessor in the performance of any covenant or agreement herein required to be performed by Lessor, and the failure of Lessor to remedy such default for a period of thirty (30) days after receipt from Lessee of written notice to remedy said default. E. Lessee relocates, sells, or in any way loses the aircraft referred to herein, above. Lessee may exercise the right of termination by written notice to Lessor at any time within thirty (30) days after any of the events mentioned in the preceding subparagraphs (A) through (E) above. In the event Lessee is delinquent in rental payment(s) to Lessor in excess of sixty (60) days, Lessee understands and agrees that Lessor has the right to change the lock on the hangar and hold property of the Lessee until which time total delinquent rental and fee amounts due are paid in full to the Lessor. After such payments are received by Lessee, the Lessor shall have until the end of the next business day to provide access of Lessee's T -Hangar. 18. LESSOR'S RIGHT OF TERMINATION. This lease shall be subject to termination by Lessor upon the happening of any one or more of the following events: A. Lessee shall be in arrears in the payment of rent for a period of thirty (30) days after the time such payment shall be due, B. Lessee shall make a general assignment for the benefit of creditors, C. Lessee shall file a voluntary, or have filed against it an involuntary, petition in bankruptcy, provided such petition whether voluntary or involuntary shall not be dismissed within fifteen (15) days after it is filed, D. Lessee shall abandon the demised premises, Page 4 of 6 E. Lessee shall discontinue its use of the premises for a period of thirty (30) days, except for normal absence, such as an extended flight, aircraft repairs, replacement, etc. F. Lessee shall default in the performance of any of the other covenants, agreements and conditions required to be kept and performed by Lessee, and such default continue for a period of thirty (30) days after receipt of written notice from Lessor of said default. G. Lessee shall violate any portion of the "Cape Girardeau Regional Airport Rules and Regulations" in effect at any time during the term of this lease. Lessor may exercise the right of termination provided for herein by written notice to Lessee of its intention to terminate, and this lease shall terminate ten (10) days after the date of such notice. In the event of termination Lessor may take possession of the demised premises upon the effective date of said termination. Default under this lease shall entitle Lessor to declare all remaining installments or rentals to be due and payable immediately, and in the event Lessor shall take possession of the demised premises, it may relet the same upon such terms and conditions as it shall deem appropriate, and any deficiency in the rental payments shall be and remain the obligation of the Lessee. 19. NOTICES. Any notice or other communication to Lessor or Lessee referred to in this lease agreement shall be deemed validly given, served and delivered upon deposit in the United States Mail, registered and with proper postage and registration fee prepaid, addressed as follows: LESSOR: City Clerk City Hall 401 Independence P. O. Box 617 Cape Girardeau, Missouri 63702-0617 LESSEE: Tiger Air — Stan Crader 808 Highway 34 West Marble Hill, MO 63764 Page 5 of 6 20. PARTIES BOUND. All of the terms, covenants and conditions herein contained shall be binding upon and shall inure to the benefit of the parties, their successors, heirs, executors, administrators and assigns. IN WITNESS WHEREOF, the parties here to have caused this agreement to be executed as of the day and year first above written at Cape Girardeau, Missouri. ATTEST: Jo Vhwld Gayle VC6niad City C rk ATTEST: LESSEE der Tiger Air Page 6 of 6 m x S Q' r+' 0 m Il-� CMT m ° c omc .moi 0 CAPE GIRARDEAU REGIONAL - AIRPORT F CAPE. GIRARDEAU,. MISSOURI f:f MUP IC7 t!L INR TJ-IGNf:AR Amn ..a D X x X F r D > Z z N ; W N 0 CAPE GIRARDEAU REGIONAL - AIRPORT F CAPE. GIRARDEAU,. MISSOURI f:f MUP IC7 t!L INR TJ-IGNf:AR Amn ..a T -HANGAR LEASE AGREEMENT This Agreement made and entered into thin"day ofleyssor" and between the City of Cape Girardeau, Missouri, a Municipal Corporation, hereinafter ailed and George T. Sander/ hereinafter referred to as "Lessee". For and in consideration of the mutual covenants, terms and conditions contained herein, the parties agree as follows: 1. PREMISES. Lessor hereby leases to Lessee the following described property: T -Hangar located at the Cape Girardeau Regional Airport in Cape Girardeau, Missouri, designated as T -Hangar # 13 , as shown in Exhibit A, together with reasonably necessary rights of access across Lessor's adjoining area. The aircraft which is to be stored by Lessee at this location is described as: Registration Number: 2279X Year: 1965 Make: Cessna Model:_337 Skymaster_ In addition, Lessee is allowed two (2) aircraft changes within the same terms and conditions of this lease ONLY if the aircraft is owned under the same name as the Lessee. Lessee must advise the Airport Manager of the following information prior to any change in the aircraft to be stored herein. Aircraft Change 1: Date: Registration Number: Make: Aircraft Change 2: Date: Registration Number: Make: Year: Year: Model: 2. TERM. This Agreement shall commence on June 1 2014 and remain in effect for a period of one (1) year. Thereafter, this Agreement shall continue in effect from month to month, being automatically renewed after each month unless thirty (30) day written notice is given by either parry that the Agreement should not be renewed. 3. RENTAL. Lessee shall pay Lessor monthly, beginning the first day of each month, the rental amount as hereinafter provided, said amount being due and payable on or before the 10th day of each month during the term of this lease. Lessee agrees to pay Lessor One Hundred, Ninety -Five and no cents ($195.00) monthly. This rental amount shall be adjusted every five (5) years. For each successive five (5) year period during the remainder of this agreement, the rental amount shall equal the rental amount of the preceding terms plus a percentage of said preceding rental amount for the successive five year (5) period. The percentage referenced herein shall be the percentage increase in the Consumer Price Page 1 of 6 Index (Midwest Urban All Urban Consumers) for the preceding five (5) year period, not to exceed three (3) percent per year, unless a lower percentage is determined by the Airport Manager. All payments are to be made at the office of the City Collector of the City of Cape Girardeau or at such other place as Lessor may direct. There will be a 11/2 % per month interest (18% per year) charged on all past due accounts. 4. USE OF THE PREMISES. The T -Hangar hereby leased shall be used only for the storage of aircraft owned or leased by Lessee. Absolutely no storage of any type automobile, recreational vehicle, boat, other non -aviation related items or equipment is permitted in the hangar. Lessor reserves the right to cease the provision of aviation/FBO services to the Lessee if this rule is violated, in addition to any other remedies provided in this lease Lessee is prohibited from storing any fuel or petroleum products upon the leased premises, except those necessary for minor maintenance. No waste or petroleum materials shall be spilled or in any way contaminate the Airport premises or property adjacent to the Airport through activities of the Lessee. The Lessee shall be responsible for cleanup, containment, and abatement of such spill or contamination at Lessee's sole cost and expense. Further, Lessee shall immediately notify the Airport Manager and appropriate governmental agency of such an occurrence. Should the Lessee fail to do so, the Lessor may take any reasonable and appropriate action in the Lessee's stead. The cost of such remedial action by the Lessor shall be paid by the Lessee. No maintenance of the stored aircraft shall be conducted in the T -Hangar, except such minor maintenance as would normally be performed by an aircraft owner without the benefit of an aircraft mechanic. Lessee further agrees that no commercial aviation activities will be conducted on Lessor's premises without the express written approval of the Airport Manager. This includes, but is not limited to aircraft rental, charter, leasing, flight instruction, maintenance, and aerial survey/photography. Lessee shall not use or permit the use of all or any portion of the leased premises in any other manner than herein set forth, without the prior written consent of Lessor. UTILITIES. Lessor shall assume and pay for all costs and charges for utility services furnished as a part of Lessee's rent. Lessor reserves the right to limit the use of utilities should Lessee's use of utilities become excessive. 6. CUSTODIAL SERVICES. Lessee agrees to provide the necessary materials, equipment and labor to provide all necessary janitorial and custodial services, and to maintain the premises in a clean, safe, orderly, and sanitary condition. Lessee shall provide a complete and proper arrangement for the adequate sanitary handling and disposal of all trash and other refuse caused by its operations under this lease. MAINTENANCE AND REPAIR Lessee shall at its sole cost and expense, keep and maintain the demised premises in first class condition, which condition shall at all times be based on a standard of care reflecting prudent property management, reasonable wear and tear excepted. Lessor will maintain the structural components of the T -Hangar, including doors and door mechanisms. Lessee shall be responsible and liable for any damage to the T -Hangar caused by Lessee's use,' including, but not limited to, bent or broken interior walls, damage to unsealed floors due to fuel, oil spillage, doors damaged due to Lessee's improper or negligent operations. Page 2 of 6 8. INGRESS AND EGRESS. Lessor shall provide a right of ingress and egress to the demised premises for the Lessee, its officers, employees and agents. 9. ALTERATIONS AND IMPROVEMENTS. Lessee shall make no alterations, additions, repairs, replacements, or improvements upon the lease premises without the prior written consent of the Airport Manager. Such consent shall not be withheld without reasonable cause. All alterations, additions, repairs, replacements, and improvements shall be, and will remain the property of Lessor and will be surrendered with the leased premises as part thereof upon termination of this Lease Agreement. 10. ASSIGNMENT AND SUBLEASE. Lessee shall not assign or sublease this T -Hangar without the express written approval of the Airport Manager. In the event that Lessee does receive written approval to assign or sublease this T -Hangar, the Lessee shall remain liable to Lessor for the remainder of the term of the lease to pay Lessor any portion of the rent and fees provided for herein upon failure of the assignee or sub -lessee to pay the same when due. Storage of aircraft not belonging to, or leased by Lessee, shall be construed as a sublease and, unless approved in writing by the Airport Manager, shall be grounds for termination of this lease. 11. ANNUAL INSPECTION. Lessee's aircraft shall be in annual or progressive inspection and license, not more than ninety (90) days from required date. Upon request of the Airport Manager, Lessee shall furnish proof that aircraft has been certified in accordance with FAA criteria and/or proof of annual inspection. 12. RIGHT OF ENTRY. Lessor shall have at all reasonable times during business hours, the full and unrestricted right to enter the leased premises for the purpose of inspection, and for the purpose of doing any and all things which it is obligated or has a right to do under this agreement or by law. 13. SECURITY. Lessee agrees to abide by and cooperate with Lessor in the enforcement and implementation of applicable airport security regulations and measures as prescribed by the Department of Homeland Securityffransportation Security Administration, and the Cape Girardeau Regional Airport. 14. TAXES. Lessee shall pay all personal property taxes which may be assessed against equipment, merchandise or other personal property owned or used by Lessee located on the demised premises. Additionally, Lessee understands and agrees that Lessor may be required to provide information to federal and state government inquiries regarding Lessee's property known to be stored by Lessee. 15. NO WAIVER OF FUTURE BREACH. The failure of Lessor or Lessee to insist, in any one or more instances, on a strict performance of any of the terms or the conditions of this Lease, or to exercise any right herein contained, shall not be construed as a future waiver or a relinquishment of the provisions or right, but the same shall continue and remain in full force and effect. The receipt by Lessor of rent, with knowledge of the breach of any term or condition hereof, shall not be deemed a waiver of the breach and no waiver by Lessor of any provision hereof shall be deemed to have been made unless expressed in writing and signed by Lessor. Should Lessor at some time consent to an assignment of this Lease or to a sublease of the whole or any part of the demised premises, no further assignment and no further sublease shall be made without the express consent in writing by the Airport Manager. None of the terms or conditions of this Lease shall be altered, waived, or modified in any manner except by written instrument executed by both parties. Page 3 of 6 16. INDEMNIFICATION - Lessee shall indemnify and hold harmless and defend the Lessor, its officers, agents and employees from and against any and all claims, demands, damage, loss or liability of any kind or nature, costs or expenses, including attorney's fees and witness costs which may be asserted by any person or persons for or on account of any injuries or death or damages to property sustained because of or arising out of activities of Lessee, its officers, agents or employees provided for herein, whether or not there is concurrent active or passive negligence on the part of the Lessor, but excluding liabilities due to the sole negligence or willful misconduct of Lessor. Lessor shall not be liable for its failure to perform the Agreement or for any loss, injury, damage or delay of any nature whatsoever resulting there from caused by any Act of God, fire, flood, accident, strike, labor dispute, riot, insurrection, war or any other cause beyond Lessor's control. 17. LESSEE'S RIGHT OF TERMINATION. Lessee shall have the right to terminate this lease upon the happening of one or more of the following events: A. The permanent abandonment of the Airport, B. The lawful assumption by the United States Government, or any authorized agency thereof, of the operation, control or use of the Airport, or nay substantial part thereof, in such a manner as to substantially restrict Lessee's use of the premises for a period of forty-five (45) days. C. Issuance by any Court of competent jurisdiction of any injunction in any way preventing or restricting the use of the Airport, and the remaining in force of such injunction for a period of at least forty-five (45) days, D. The default by Lessor in the performance of any covenant or agreement herein required to be performed by Lessor, and the failure of Lessor to remedy such default for a period of thirty (30) days after receipt from Lessee of written notice to remedy said default. E. Lessee relocates, sells, or in any way loses the aircraft referred to herein, above. Lessee may exercise the right of termination by written notice to Lessor at any time within thirty (30) days after any of the events mentioned in the preceding subparagraphs (A) through (E) above. In the event Lessee is delinquent in rental payment(s) to Lessor in excess of sixty (60) days, Lessee understands and agrees that Lessor has the right to change the lock on the hangar and hold property of the Lessee until which time total delinquent rental and fee amounts due are paid in full to the Lessor. After such payments are received by Lessee, the Lessor shall have until the end of the next business day to provide access of Lessee's T -Hangar. 18. LESSOR'S RIGHT OF TERMINATION. This lease shall be subject to termination by Lessor upon the happening of any one or more of the following events: A. Lessee shall be in arrears in the payment of rent for a period of thirty (30) days after the time such payment shall be due, B. Lessee shall make a general assignment for the benefit of creditors, C. Lessee shall file a voluntary, or have filed against it an involuntary, petition in bankruptcy, provided such petition whether voluntary or involuntary shall not be dismissed within fifteen (15) days after it is filed, D. Lessee shall abandon the demised premises, E. Lessee shall discontinue its use of the premises for a period of thirty (30) days, except for Page 4 of 6 normal absence, such as an extended flight, aircraft repairs, replacement, etc. F. Lessee shall default in the performance of any of the other covenants, agreements and conditions required to be kept and performed by Lessee, and such default continue for a period of thirty (30) days after receipt of written notice from Lessor of said default. G. Lessee shall violate any portion of the "Cape Girardeau Regional Airport Rules and Regulations" in effect at any time during the term of this lease. Lessor may exercise the right of termination provided for herein by written notice to Lessee of its intention to terminate, and this lease shall terminate ten (10) days after the date of such notice. In the event of termination Lessor may take possession of the demised premises upon the effective date of said termination. Default under this lease shall entitle Lessor to declare all remaining installments or rentals to be due and payable immediately, and in the event Lessor shall take possession of the demised premises, it may relet the same upon such terms and conditions as it shall deem appropriate, and any deficiency in the rental payments shall be and remain the obligation of the Lessee. 19. NOTICES. Any notice or other communication to Lessor or Lessee referred to in this lease agreement shall be deemed validly given, served and delivered upon deposit in the United States Mail, registered and with proper postage and registration fee prepaid, addressed as follows: LESSOR: City Clerk LESSEE: City Hall 401 Independence P. O. Box 617 Cape Girardeau, Missouri 63702-0617 George T. Sanders 200 Wagner PL Apt 903 Memphis, TN 38103 Page 5 of 6 20. PARTIES BOUND. All of the terms, covenants and conditions herein contained shall be binding upon and shall inure to the benefit of the parties, their successors, heirs, executors, administrators and assigns. IN WITNESS WHEREOF, the parties here to have caused this agreement to be executed as of the day and year first above written at Cape Girardeau, Missouri. ATTEST: 1.10" Gayle. Conrad � City Clerk ATTEST: CITY OI'CAPE GIRARDEAU. MISSOURI tt A. Meyer City Manager I LESSEE �-Q�t-civ George T. Sander)( Page 6 of 6 m x s i m CMT D x CAPE GIRARDEAU REGIONAL AIRPORT Fi CAPE.GIRARQEAU,.MISSOURI =m� T -HANGAR LEASE AGREEMENT This Agreement made and entered into this /9— day of <4 /Q by and between the City of Cape Girardeau, Missouri, a Municipal Corporation, hereinafter called "Lessor" and Robin Cole hereinafter referred to as "Lessee". For and in consideration of the mutual covenants, terms and conditions contained herein, the parties agree as follows: 1. PREMISES. Lessor hereby leases to Lessee the following described property: T -Hangar located at the Cape Girardeau Regional Airport in Cape Girardeau, Missouri, designated as T -Hangar # 14 , as shown in Exhibit A, together with reasonably necessary rights of access across Lessor's adjoining area. The aircraft which is to be stored by Lessee at this location is described as: Registration Number: 9042W Year: 1975 Make: Bonanza Model: BE 36 In addition, Lessee is allowed two (2) aircraft changes within the same terms and conditions of this lease ONLY if the aircraft is owned under the same name as the Lessee. Lessee must advise the Airport Manager of the following information prior to any change in the aircraft to be stored herein. Aircraft Change 1: Date: Registration Number: Make: Aircraft Change 2: Date: Registration Number: Make: Year: Model: Year: Model: 2. TERM. This Agreement shall commence on June 1 2014 and remain in effect for a period of one (1) year. Thereafter, this Agreement shall continue in effect from month to month, being automatically renewed after each month unless thirty (30) day written notice is given by either party that the Agreement should not be renewed. 3. RENTAL. Lessee shall pay Lessor monthly, beginning the first day of each month, the rental amount as hereinafter provided, said amount being due and payable on or before the 10th day of each month during the term of this lease. Lessee agrees to pay Lessor One Hundred, Ninety -Five and no cents ($195.00) monthly. This rental amount shall be adjusted every five (5) years. For each successive five (5) year period during the remainder of this agreement, the rental amount shall equal the rental amount of the preceding terms plus a percentage of said preceding rental amount for the successive five year (5) period. The percentage referenced herein shall be the percentage increase in the Consumer Price Pageof 6 Index (Midwest Urban All Urban Consumers) for the preceding five (5) year period, not to exceed three (3) percent per year, unless a lower percentage is determined by the Airport Manager. All payments are to be made at the office of the City Collector of the City of Cape Girardeau or at such other place as Lessor may direct. There will be a 11/z % per month interest (18% per year) charged on all past due accounts.�� 4. USE OF THE PREMISES. The T -Hangar hereby leased hall be ,u4ed only for the storage of aircraft owned or leased by Lessee. Absolutely no storage of any type automobile, recreational vehicle, boat, other non -aviation related items or equipment is permitted in the hangar. Lessor reserves the right to cease the provision of ayiation/FBO services to the Lessee if this rule is violated in addition to any other remedies provided in this lease. Lessee is prohibited from storing any fuel or petroleum products upon the leased premises, except those necessary for minor maintenance. No waste or petroleum materials shall be spilled or in any way contaminate the Airport premises or property adjacent to the Airport through activities of the Lessee. The Lessee shall be responsible for cleanup, containment, and abatement of such spill or contamination at Lessee's sole cost and expense. Further, Lessee shall immediately notify the Airport Manager and appropriate governmental agency of such an occurrence. Should the Lessee fail to do so, the Lessor may take any reasonable and appropriate action in the Lessee's stead. The cost of such remedial action by the Lessor shall be paid by the Lessee. No maintenance of the stored aircraft shall be conducted in the T -Hangar, except such minor maintenance as would normally be performed by an aircraft owner without the benefit of an aircraft mechanic. Lessee further agrees that no commercial aviation activities will be conducted on Lessor's premises without the express written approval of the Airport Manager. This includes, but is not limited to aircraft rental, charter, leasing, flight instruction, maintenance, and aerial survey/photography. Lessee shall not use or permit the use of all or any portion of the leased premises in any other manner than herein set forth, without the prior written consent of Lessor. 5. UTILITIES. Lessor shall assume and pay for all costs and charges for utility services furnished as a part of Lessee's rent. Lessor reserves the right to limit the use of utilities should Lessee's use of utilities become excessive. 6. CUSTODIAL SERVICES. Lessee agrees to provide the necessary materials, equipment and labor to provide all necessary janitorial and custodial services, and to maintain the premises in a clean, safe, orderly, and sanitary condition. Lessee shall provide a complete and proper arrangement for the adequate sanitary handling and disposal of all trash and other refuse caused by its operations under this lease. 7. MAINTENANCE AND REPAIR Lessee shall at its sole cost and expense, keep and maintain the demised premises in first class condition, which condition shall at all times be based on a standard of care reflecting prudent property management, reasonable wear and tear excepted. Lessor will maintain the structural components of the T -Hangar, including doors and door mechanisms. Lessee shall be responsible and liable for any damage to the T -Hangar caused by Lessee's use, including, but not limited to, bent or broken interior walls, dtr.age to vnseajed fleefs due e17L_ doors damaged due to Lessee's improper or negligent operations. Page of 6 8. INGRESS AND EGRESS. Lessor shall provide a right of ingress and egress to the demised premises for the Lessee, its officers, employees and agents. 9. ALTERATIONS AND IMPROVEMENTS. Lessee shall make no alterations, additions, repairs, replacements, or improvements upon the lease premises without the prior written consent of the Airport Manager. Such consent shall not be withheld without reasonable cause. All alterations, additions, repairs, replacements, and improvements shall be, and will remain the property of Lessor and will be surrendered with the leased premises as part thereof upon termination of this Lease Agreement. 10. ASSIGNMENT AND SUBLEASE. Lessee shall not assign or sublease this T -Hangar without the express written approval of the Airport Manager. In the event that Lessee does receive written approval to assign or sublease this T -Hangar, the Lessee shall remain liable to Lessor for the remainder of the term of the lease to pay Lessor any portion of the rent and fees provided for herein upon failure of the assignee or sub -lessee to pay the same when due. Storage of aircraft not belonging to, or leased by Lessee, shall be construed as a sublease and, unless approved in writing by the Airport Manager, shall be grounds for termination of this lease. 11. ANNUAL INSPECTION. Lessee's aircraft shall be in annual or progressive inspection and license, not more than ninety (90) days from required date. Upon request of the Airport Manager, Lessee shall furnish proof that aircraft has been certified in accordance with FAA criteria and/or proof of annual inspection. 12. RIGHT OF ENTRY. Lessor shall have at all reasonable times during business hours, the full and unrestricted right to enter the leased premises for the purpose of inspection, and for the purpose of doing any and all things which it is obligated or has a right to do under this agreement or by law. 13. SECURITY. Lessee agrees to abide by and cooperate with Lessor in the enforcement and implementation of applicable airport security regulations and measures as prescribed by the Department of Homeland Security/Transportation Security Administration, and the Cape Girardeau Regional Airport. 14. TAXES. Lessee shall pay all personal property taxes which may be assessed against equipment, merchandise or other personal property owned or used by Lessee located on the demised premises. Additionally, Lessee understands and agrees that Lessor may be required to provide information to federal and state government inquiries regarding Lessee's property known to be stored'by Lessee. 15. NO WAIVER OF FUTURE BREACH. The failure of Lessor or Lessee to insist, in any one or more instances, on a strict performance of any of the terms or the conditions of this Lease, or to exercise any right herein contained, shall not be construed as a future waiver or a relinquishment of the provisions or right, but the same shall continue and remain in full force and effect. The receipt by Lessor of rent, with knowledge of the breach of any term or condition hereof, shall not be deemed a waiver of the breach and no waiver by Lessor of any provision hereof shall be deemed to have been made unless expressed in writing and signed by Lessor. Should Lessor at some time consent to an assignment of this Lease or to a sublease of the whole or any part of the demised premises, no further assignment and no further sublease shall be made without the express consent in writing by the Airport Manager. None of the terms or conditions of this Lease shall be altered, waived, or modified in any manner except by written instrument executed by both parties. Page of 6 16. INDEMNIFICATION - Lessee shall indemnify and hold harmless and defend the Lessor, its officers, agents and employees from and against any and all claims, demands, damage, loss or liability of any kind or nature, costs or expenses, including attorney's fees and witness costs which may be asserted by any person or persons for or on account of any injuries or death or damages to property sustained because of or arising out of activities of Lessee, its officers, agents or employees provided for herein, whether or not there is concurrent active or passive negligence on the part of the Lessor; but excluding liabilities due to the sole negligence or willful misconduct of Lessor. Lessor shall not be liable for its failure to perform the Agreement or for any loss, injury, damage or delay of any nature whatsoever resulting there from caused by any Act of God, fire, flood, accident, strike, labor dispute, riot, insurrection, war or any other cause beyond Lessor's control. 17. LESSEE'S RIGHT OF TERMINATION. Lessee shall have the right to terminate this lease upon the happening of one or more of the following events: A. The permanent abandonment of the Airport, B. The lawful assumption by the United States Government, or any authorized agency thereof, of the operation, control or use of the Airport, or nay substantial part thereof, in such a manner as to substantially restrict Lessee's use of the premises for a period of forty-five (45) days. C. Issuance by any Court of competent jurisdiction of any injunction in any way preventing or restricting the use of the Airport, and the remaining in force of such injunction for a period of at least forty-five (45) days, D. The default by Lessor in the performance of any covenant or agreement herein required to be performed by Lessor, and the failure of Lessor to remedy such default for a period of thirty (30) days after receipt from Lessee of written notice to remedy said default. E. Lessee relocates, sells, or in any way loses the aircraft referred to herein, above. Lessee may exercise the right of termination by written notice to Lessor at any time within thirty (30) days after any of the events mentioned in the preceding subparagraphs (A) through (E) above. In the event Lessee is delinquent in rental payment(s) to Lessor in excess of sixty (60) days, Lessee understands and agrees that Lessor has the right to change the lock on the hangar and hold property of the Lessee until which time total delinquent rental and fee amounts due are paid in full to the Lessor. After such payments are received by Lessee, the Lessor shall have until the end of the next business day to provide access of Lessee's T -Hangar. 18. LESSOR'S RIGHT OF TERMINATION. This lease shall be subject to termination by Lessor upon the happening of any one or more of the following events: A. Lessee shall be in arrears in the payment of rent for a period of thirty (30) days after the time such payment shall be due, B. Lessee shall make a general assignment for the benefit of creditors, C. Lessee shall file a voluntary, or have filed against it an involuntary, petition in bankruptcy, provided such petition whether voluntary or involuntary shall not be dismissed within fifteen (15) days after it is filed, D. Lessee shall abandon the demised premises, E. Lessee shall discontinue its use of the premises for a period of thirty (30) days, except for P A f6 normal absence, such as an extended flight, aircraft repairs, replacement, etc. F. Lessee shall default in the performance of any of the other covenants, agreements and conditions required to be kept and performed by Lessee, and such default continue for a period of thirty (30) days after receipt of written notice from Lessor of said default. G. Lessee shall violate any portion of the "Cape Girardeau Regional Airport Rules and Regulations" in effect at any time during the term of this lease. Lessor may exercise the right of termination provided for herein by written notice to Lessee of its intention to terminate, and this lease shall terminate ten (10) days after the date of such notice. In the event of termination Lessor may take possession of the demised premises upon the effective date of said termination. Default under this lease shall entitle Lessor to declare all remaining installments or rentals to be due and payable immediately, and in the event Lessor shall take possession of the demised premises, it may relet the same upon such terms and conditions as it shall deem appropriate, and any deficiency in the rental payments shall be and remain the. obligation of the Lessee. 19. NOTICES. Any notice or other communication to Lessor or Lessee referred to in this lease agreement shall be deemed validly given, served and delivered upon deposit in the United States Mail, registered and with proper postage and registration fee prepaid, addressed as follows: LESSOR: City Clerk City Hall 401 Independence P. O. Box 617 Cape Girardeau, Missouri 63702-0617 LESSEE: Robin Cole. 5303 Old Cape Road East Jackson, MO 63755 I& A 20. PARTIES BOUND. All of the terms, covenants and conditions herein contained shall be binding upon and shall inure to the benefit of the parties, their successors, heirs, executors, administrators and assigns. IN WITNESS WHEREOF, the parties here to have caused this agreement to be executed as of the day and year first above written at Cape Girardeau, Missouri. ATTEST: ILIR Conrad '441 k CITY PF CAPF.,61RARDEAU, MISSOURI Scott A. City Ma LESSEE II , 2 00 � �CMT 2 e f CAPE Gy»RDE U REGIONAL CAPE. �\o mU ( )§!! i$) ;:. � �CMT 2 e f CAPE Gy»RDE U REGIONAL CAPE. �\o mU T -HANGAR LEASE AGREEMENT This Agreement made and entered into this I day of Jua i01q by and between the City of Cape Girardeau, Missouri, a Municipal Corporation, hereinafter called "Lessor" and Dennis Turner -Little Lattimdes, LLC, hereinafter referred to as "Lessee". For and in consideration of the mutual covenants, terms and conditions contained herein, the parties agree as follows: 1. PREMISES. Lessor hereby leases to Lessee the following described property: T -Hangar located at the Cape Girardeau Regional Airport in Cape Girardeau, Missouri, designated as T -Hangar # 15 'as shown in Exhibit A, together with reasonably necessary rights of access across Lessor's adjoining area. The aircraft which is to be stored by Lessee at this location is described as: Registration Number: 411DT Make: Cirrus Year: Zat7 Model: SR -22 In addition, Lessee is allowed two (2) aircraft changes within the same terms and conditions of this lease ONLY if the aircraft is owned under the same name as the Lessee. Lessee must advise the Airport Manager of the following information prior to any change in the aircraft to be stored herein. Aircraft Change 1: Date: Registration Number: r cal. M,4,. Model: Aircraft Change 2: Date: Registration Number: Year: Make: Model: 2. TERM. This Agreement shall commence on _June 1, 2014 and remain in effect for a period of one (1) year. Thereafter, this Agreement shall continue in effect from month to month, being automatically renewed after each month unless thirty (30) day written notice is given by either parry that the Agreement should not be renewed. 3. RENTAL. Lessee shall pay Lessor monthly, beginning the first day of each month, the rental amount as hereinafter provided, said amount being due and payable on or before the 10th day of each month during the term of this lease. Lessee agrees to pay Lessor One Hundred, Ninety -Five and no cents ($195.00) monthly. This rental amount shall be adjusted every five (5) years. For each successive five (5) year period during the remainder of this agreement, the rental amount shall equal the rental amount of the preceding terms plus a percentage of said preceding rental amount for the successive five year (5) period. The percentage referenced herein shall be the percentage increase in the Consumer Price Page 1 of 6 Index (Midwest Urban All Urban Consumers) for the preceding five (5) year period, not to exceed three (3) percent per year, unless a lower percentage is determined by the Airport Manager. All payments are to be made at the office of the City Collector of the City of Cape Girardeau or at such other place as Lessor may direct. There will be a 11/2 % per month interest (18% per year) charged on all past due accounts. 4. USE OF THE PREMISES. The T -Hangar hereby leased shall be used only for the storage of aircraft owned or leased by Lessee. Absolutely no storage of any type automobile, recreational vehicle, boat, other non -aviation related items or equipment is permitted in the hangar. Lessor reserves the right to cease the provision of aviation{FBO services to the Lessee if this rule is violated in addition to any other remedies provided in this lease. Lessee is prohibited from storing any fuel or petroleum products upon the leased premises, except those necessary for minor maintenance. No waste or petroleum materials shall be spilled or in any way contaminate the Airport premises or property adjacent to the Airport through activities of the Lessee. The Lessee shall be responsible for cleanup, containment, and abatement of such spill or contamination at Lessee's sole cost and expense. Further, Lessee shall immediately notify the Airport Manager and appropriate governmental agency of such an occurrence. Should the Lessee fail to do so, the Lessor may take any reasonable and appropriate action in the Lessee's stead. The cost of such remedial action by the Lessor shall be paid by the Lessee. No maintenance of the stored aircraft shall be conducted in the T -Hangar, except such minor maintenance as would normally be performed by an aircraft owner without the benefit of an aircraft mechanic. Lessee further agrees that no commercial aviation activities will be conducted on Lessor's premises without the express written approval of the Airport Manager. This includes, but is not limited to aircraft rental, charter, leasing, flight instruction, maintenance, and aerial survey/photography. Lessee shall not use or permit the use of all or any portion of the leased premises in any other manner than herein set forth, without the prior written consent of Lessor. 5. UTILITIES. Lessor shall assume and pay for all costs and charges for utility services furnished as a part of Lessee's rent. Lessor reserves the right to limit the use of utilities should Lessee's use of utilities become excessive. 6. CUSTODIAL SERVICES. Lessee agrees to provide the necessary materials, equipment and labor to provide all necessary janitorial and custodial services, and to maintain the premises in a clean, safe, orderly, and sanitary condition. Lessee shall provide a complete and proper arrangement for the adequate sanitary handling and disposal of all trash and other refuse caused by its operations under this lease. 7. MAINTENANCE AND REPAIR. Lessee shall at its sole cost and expense, keep and maintain the demised premises in first class condition, which condition shall at all times be based on a standard of care reflecting prudent property management, reasonable wear and tear excepted. Lessor will maintain the structural components of the T -Hangar, including doors and door mechanisms. Lessee shall be responsible and liable for any damage to the T -Hangar caused by Lessee's use, including, but not limited to, bent or broken interior walls, damage to unsealed floors due to fuel, oil spillage, doors damaged due to Lessee's improper or negligent operations. Page 2 of 6 8. INGRESS AND EGRESS. Lessor shall provide a right of ingress and egress to the demised premises for the Lessee, its officers, employees and agents. 9. ALTERATIONS AND IMPROVEMENTS. Lessee shall make no alterations, additions, repairs, replacements, or improvements upon the lease premises without the prior written consent of the Airport Manager. Such consent shall not be withheld without reasonable cause. All alterations, additions, repairs, replacements, and improvements shall be, and will remain the property of Lessor and will be surrendered with the leased premises as part thereof upon termination of this Lease Agreement. 10. ASSIGNMENT AND SUBLEASE. Lessee shall not assign or sublease this T -Hangar without the express written approval of the Airport Manager. In the event that. Lessee does receive written approval to assign or sublease this T -Hangar, the Lessee shall remain liable to Lessor for the remainder of the term of the lease to pay Lessor any portion of the rent and fees provided for herein upon failure of the assignee or sub -lessee to pay the same when due. Storage of aircraft not belonging to, or leased by Lessee, shall be construed as a sublease and, unless approved in writing by the Airport Manager, shall be grounds for termination of this lease. 11. ANNUAL INSPECTION. Lessee's aircraft shall be in annual or progressive inspection and license, not more than ninety (90) days from required date. Upon request of the Airport Manager, Lessee shall famish proof that aircraft has been certified in accordance with FAA criteria and/or proof of annual inspection. 12. RIGHT OF ENTRY. Lessor shall have at all reasonable times during business hours, the full and unrestricted right to enter the leased premises for the purpose of inspection, and for the purpose of doing any and all things which it is obligated or has a right to do under this agreement or by law. 13. SECURITY. Lessee agrees to abide by and cooperate with Lessor in the enforcement and implementation of applicable airport security regulations and measures as prescribed by the Department of Homeland Security/I'ransportation Security Administration, and the Cape Girardeau Regional Airport. 14. TAXES. Lessee shall pay all personal property taxes which may be assessed against equipment, merchandise or other personal property owned or used by Lessee located on the demised premises. Additionally, Lessee understands and agrees that Lessor may be required to provide information to federal and state government inquiries regarding Lessee's property known to be stored by Lessee. 15. NO WAIVER OF FUTURE BREACH. The failure of Lessor or Lessee to insist, in any one or more instances, on a strict performance of any of the terms or the conditions of this Lease, or to exercise any right herein contained, shall not be construed as a future waiver or a relinquishment of the provisions or right, but the same shall continue and remain in full force and effect. The receipt by Lessor of rent, with knowledge of the breach of any term or condition hereof, shall not be deemed a waiver of the breach and no waiver by Lessor of any provision hereof shall be deemed to have been made unless expressed in writing and signed by Lessor. Should Lessor at some time consent to an assignment of this Lease or to a sublease of the whole or any part of the demised premises, no further assignment and no further sublease shall be made without the express consent in writing by the Airport Manager. None of the terms or conditions of this Lease shall be altered, waived, or modified in any manner except by written instrument executed by both parties. Page 3 of 6 16. INDEMNIFICATION - Lessee shall indemnify and hold harmless and defend the Lessor, its officers, agents and employees from and against any and all claims, demands, damage, loss or liability of any kind or nature, costs or expenses, including attorney's fees and witness costs which may be asserted by any person or persons for or on account of any injuries or death or damages to property sustained because of or arising out of activities of Lessee, its officers, agents or employees provided for herein, whether or not there is concurrent active or passive negligence on the part of the Lessor, but excluding liabilities due to the sole negligence or willful misconduct of Lessor. Lessor shall not be liable for its failure to perform the Agreement or for any loss, injury, damage or delay of any nature whatsoever resulting there from caused by any Act of God, fire, flood, accident, strike, labor dispute, riot, insurrection, war or any other cause beyond Lessor's control. 17. LESSEE'S RIGHT OF TERMINATION. Lessee shall have the right to terminate this lease upon the happening of one or more of the following events: A. The permanent abandonment of the Airport, B. The lawful assumption by the United States Government, or any authorized agency thereof, of the operation, control or use of the Airport, or nay substantial part thereof, in such a manner as to substantially restrict Lessee's use of the premises for a period of forty-five (45) days. C. Issuance by any Court of competent jurisdiction of any injunction in any way preventing or restricting the use of the Airport, and the remaining in force of such injunction for a period of at least forty-five (45) days, D. The default by Lessor in the performance of any covenant or agreement herein required to be performed by Lessor, and the failure of Lessor to remedy such default for a period of thirty (30) days after receipt from Lessee of written notice to remedy said default. E. Lessee relocates, sells, or in any way loses the aircraft referred to herein, above. Lessee may exercise the right of termination by written notice to Lessor at any time within thirty (30) days after any of the events mentioned in the preceding subparagraphs (A) through (E) above. In the event Lessee is delinquent in rental payment(s) to Lessor in excess of sixty (60) days, Lessee understands and agrees that Lessor has the right to change the lock on the hangar and hold property of the Lessee until which time total delinquent rental and fee amounts due are paid in full to the Lessor. After such payments are received by Lessee, the Lessor shall have until the end of the next business day to provide access of Lessee's T -Hangar. 18. LESSOR'S RIGHT OF TERMINATION. This lease shall be subject to termination by Lessor upon the happening of any one or more of the following events: A. Lessee shall be in arrears in the payment of rent for a period of thirty (30) days after the time such payment shall be due, B. Lessee shall make a general assignment for the benefit of creditors, C. Lessee shall file a voluntary, or have filed against it an involuntary, petition in bankruptcy, provided such petition whether voluntary or involuntary shall not be dismissed within fifteen (15) days after it is filed, D. Lessee shall abandon the demised premises, E. Lessee shall discontinue its use of the premises for a period of thirty (30) days, except for normal absence, such as an extended flight, aircraft repairs, replacement, etc. Page 4 of 6 F. Lessee shall default in the performance of any of the other covenants, agreements and conditions required to be kept and performed by Lessee, and such default continue for a period of thirty (30) days after receipt of written notice from Lessor of said default. G. Lessee shall violate any portion of the "Cape Girardeau Regional Airport Rules and Regulations" in effect at any time during the term of this lease. Lessor may exercise the right of termination provided for herein by written notice to Lessee of its intention to terminate, and this lease shall terminate ten (10) days after the date of such notice. In the event'of termination Lessor may take possession of the demised premises upon the effective date of said termination. Default under this lease shall entitle Lessor to declare all remaining installments or rentals to be due and payable immediately, and in the event Lessor shall take possession of the demised premises, it may relet the same upon such terms and conditions as it shall deem appropriate, and any deficiency in the rental payments shall be and remain the obligation of the Lessee. 19. NOTICES. Any notice or other communication to Lessor or Lessee referred to in this lease agreement shall be deemed validly given, served and delivered upon deposit in the United States Mail, registered and with proper postage and registration fee prepaid, addressed as follows: LESSOR: City Clerk City Hall 401 Independence P. O. Box 617 Cape Girardeau, Missouri 63702-0617 LESSEE: Dennis Turner Little Latitudes, LLC 1649 County Road 506 Oak Ridge, MO 63769-5189 Page 5 of 6 20. PARTIES BOUND. All of the terms, covenants and conditions herein contained shall be binding upon and shall inure to the benefit of the parties, their successors, heirs, executors, administrators and assigns. IN WITNESS WHEREOF, the parties here to have caused this agreement to be executed as of the day and year first above written at Cape Girardeau, Missouri. ATTEST: CITY OF CAP.E*CrIYARDEAU, MISSOURI Scott A. Meyer City Manager LESSEE Dennis Turner Little Latitudes, LLC Page 6 of 6 z 4 N e A N 1�9 �o k m x x x x F r - Q T z D - MOM=" v w m x Q D - MOM=" _ v CAPE GIRARDEAU REGIONAL = m _ = CMT auxram.wwir ntr. nc AIRPORT - Ft � - e a cavurwc rNa¢rns CAPE GIRARDEAU,.MISSOURI `F� T -HANGAR LEA$E A This Agreement made and entered into thik day of _ Girardeau, Missouri, a Municipal Corporation, hereinaft hereinafter referred to as "Lessee". For and in consideration of the mutual covenants, terms and as follows: by and between the City of Cape "Lessor" and Don Marshall_, contained herein, the parties agree 1. PREMISES. Lessor hereby leases to Lessee the following described property: T -Hangar located at the Cape Girardeau Regional Airport in Cape Girardeau, Missouri, designated as T -Hangar # 16 'as shown in Exhibit A, together with reasonably necessary rights of access across Lessor's adjoining area. The aircraft which is to be stored by Lessee at this location is described as: Registration Number: 84228 Year: 1946 Make: Aeronca Model: Champ_ In addition, Lessee is allowed two (2) aircraft changes within the same terms and conditions of this lease ONLY if the aircraft is owned under the same name as the Lessee. Lessee must advise the Airport Manager of the following information prior to any change in the aircraft to be stored herein. Aircraft Change 1: Date: Registration Number: Make: Aircraft Change 2: Date: Registration Number: 2. TERM. This Agreement shall commence on effect for a period of one (1) year. Thereaft month to month, being automatically renewed Model: Year: Model: June 1, 2014 and remain in er, this Agreement shall continue in effect from after each month unless thirty (30) day written notice is given by either party that the Agreement should not be renewed. 3. RENTAL. Lessee shall pay Lessor monthly, beginning the first day of each month, the rental amount as hereinafter provided, said amount being due and payable on or before the 10th day of each month during the term of this lease. Lessee agrees to pay Lessor One Hundred, Ninety -Five and no cents ($195.00) monthly. This rental amount shall be adjusted every five (5) years. For each successive five (5) year period during the remainder of this agreement, the rental amount shall equal the rental amount of the preceding terms plus a percentage of said preceding rental amount for the successive five year (5) period. The percentage referenced herein shall be the percentage increase in the Consumer Price Page 1 of 6 Index (Midwest Urban All Urban Consumers) for the preceding five (5) year period, not to exceed three (3) percent per year, unless a lower percentage is determined by the Airport Manager. All payments are to be made at the office of the City Collector of the City of Cape Girardeau or at such other place as Lessor may direct. There will be a 1% % per month interest (18% per year) charged on all past due accounts. 4. USE OF THE PREMISES. The T -Hangar hereby leased shall be used only for the storage of aircraft owned or leased by Lessee. Absolutely no storage of any type automobile, recreational vehicle, boat, other non -aviation related items or equipment is permitted in the hangar.. Lessor reserves the right to cease the provision of aviation/FBO services to the Lessee if this rule is violated in addition to any other remedies provided in this lease. Lessee is prohibited from storing any fuel or petroleum products upon the leased premises, except those necessary for minor maintenance. No waste or petroleum materials shall be spilled or in any way contaminate the Airport premises or property adjacent to the Airport through activities of the Lessee. The Lessee shall be responsible for cleanup, containment, and abatement of such spill or contamination at Lessee's sole cost and expense. Further, Lessee shall immediately notify the Airport Manager and appropriate governmental agency of such an occurrence. Should the Lessee fail to do so, the Lessor may take any reasonable and appropriate action in the Lessee's stead. The cost of such remedial action by the Lessor shall be paid by the Lessee. No maintenance of the stored aircraft shall be conducted in the T -Hangar, except such minor maintenance as would normally be performed by an aircraft owner without the benefit of an aircraft mechanic. Lessee further agrees that no commercial aviation activities will be conducted on Lessor's premises without the express written approval of the Airport Manager. This includes, but is not limited to aircraft rental, charter, leasing, flight instruction, maintenance, and aerial survey/photography. Lessee shall not use or permit the use of all or any portion of the leased premises in any other manner than herein set forth, without the prior written consent of Lessor. 5. UTILITIES. Lessor shall assume and pay for all costs and charges for utility services furnished as a part of Lessee's rent. Lessor reserves the right to limit the use of utilities should Lessee's use of utilities become excessive. 6. CUSTODIAL SERVICES. Lessee agrees to provide the necessary materials, equipment and labor to provide all necessary janitorial and custodial services, and to maintain the premises in a clean, safe, orderly, and sanitary condition. Lessee shall provide a complete and proper arrangement for the adequate sanitary handling and disposal of all trash and other refuse caused by its operations under this lease. 7. MAINTENANCE AND REPAIR Lessee shall at its sole cost and expense, keep and maintain the demised premises in first class condition, which condition shall at all times be based on a standard of care reflecting prudent property management, reasonable wear and tear excepted. Lessor will maintain the structural components of the T -Hangar, including doors and door mechanisms. Lessee shall be responsible and liable for any damage to the T -Hangar caused by Lessee's use, including, but not limited to, bent or broken interior walls, damage to unsealed floors due to fuel, oil spillage, doors damaged due to Lessee's improper or negligent operations. Page 2 of 6 8. INGRESS AND EGRESS. Lessor shall provide a right of ingress and egress to the demised premises for the Lessee, its officers, employees and agents. 9. ALTERATIONS AND IMPROVEMENTS. Lessee shall make no alterations, additions, repairs, replacements, or improvements upon the lease premises without the prior written consent of the Airport Manager. Such consent shall not be withheld without reasonable cause. All alterations, additions, repairs, replacements, and improvements shall be, and will remain the property of Lessor and will be surrendered with the leased premises as part thereof upon termination of this Lease Agreement. 10. ASSIGNMENT AND SUBLEASE. Lessee shall not assign or sublease this T -Hangar without the express written approval of the Airport Manager. In the event that Lessee does receive written approval to assign or sublease this T -Hangar, the Lessee shall remain liable to Lessor for the remainder of the term of the lease to pay Lessor any portion of the rent and fees provided for herein upon failure of the assignee or sub -lessee to pay the same when due. Storage of aircraft not belonging to, or leased by Lessee, shall be construed as a sublease and, unless approved in writing by the Airport Manager, shall be grounds for termination of this lease. 11. ANNUAL INSPECTION. Lessee's aircraft shall be in annual or progressive inspection and license, not more than ninety (90) days from required date. Upon request of the Airport Manager, Lessee shall furnish proof that aircraft has been certified in accordance with FAA criteria and/or proof of annual inspection. 12. RIGHT OF ENTRY. Lessor shall have at all reasonable times during business hours, the full and unrestricted right to enter the leased premises for the purpose of inspection, and for the purpose of doing any and all things which it is obligated or has a right to do under this agreement or by law. 13. SECURITY. Lessee agrees to abide by and cooperate with Lessor in the enforcement and implementation of applicable airport security regulations and measures as prescribed by the Department of Homeland Security/Transportation Security Administration, and the Cape Girardeau Regional Airport. 14. TAXES. Lessee shall pay all personal property taxes which may be assessed against equipment, merchandise or other personal property owned or used by Lessee located on the demised premises. Additionally, Lessee understands and agrees that Lessor may be required to provide information to federal and state government inquiries regarding Lessee's property known to be stored by Lessee. 15. NO WAIVER OF FUTURE BREACH. The failure of Lessor or Lessee to insist, in any one or more instances, on a strict performance of any of the terms or the conditions of this Lease, or to exercise any right herein contained, shall not be construed as a future waiver or a relinquishment of the provisions or right, but the same shall continue and remain in full force and effect. The receipt by Lessor of rent, with knowledge of the breach of any term or condition hereof, shall not be deemed a waiver of the breach and no waiver by Lessor of any provision hereof shall be deemed to have been made unless expressed in writing and signed by Lessor. Should Lessor at some time consent to an assignment of this Lease or to a sublease of the whole or any part of the demised premises, no further assignment and no further sublease shall be made without the express consent in writing by the Airport Manager. None of the terms or conditions of this Lease shall be altered, waived, or modified in any manner except by written instrument executed by both parties. Page 3 of 6 16. INDEMNIFICATION - Lessee shall indemnify and hold harmless and defend the Lessor, its officers, agents and employees from and against any and all claims, demands, damage, loss or liability of any kind or nature, costs or expenses, including attorney's fees and witness costs which may be asserted by any person or persons for or on account of any injuries or death or damages to property sustained because of or arising out of activities of Lessee, its officers, agents or employees provided for herein, whether or not there is concurrent active or passive negligence on the part of the Lessor, but excluding liabilities due to the sole negligence or willful misconduct of Lessor. Lessor shall not be liable for its failure to perform the Agreement or for any loss, injury, damage or delay of any nature whatsoever resulting there from caused by any Act of God, fire, flood, accident, strike, labor dispute, riot, insurrection, war or any other cause beyond Lessor's control. 17. LESSEE'S RIGHT OF TERMINATION. Lessee shall have the right to terminate this lease upon the happening of one or more of the following events: A. The permanent abandonment of the Airport, B. The lawful assumption by the United States Government, or any authorized agency thereof, of the operation, control or use of the Airport, or nay substantial part thereof, in such a manner as to substantially restrict Lessee's use of the premises for a period of forty-five (45) days. C. Issuance by any Court of competent jurisdiction of any injunction in any way preventing or restricting the use of the Airport, and the remaining in force of such injunction for a period of at least forty-five (45) days, D. The default by Lessor in the performance of any covenant or agreement herein required to be performed by Lessor, and the failure of Lessor to remedy such default for a period of thirty (30) days after receipt from Lessee of written notice to remedy said default. E. Lessee relocates, sells, or in any way loses the aircraft referred to herein, above. Lessee may exercise the right of termination by written notice to Lessor at any time within thirty (30) days after any of the events mentioned in the preceding subparagraphs (A) through (E) above. In the event Lessee is delinquent in rental payment(s) to Lessor in excess of sixty (60) days, Lessee understands and agrees that Lessor has the right to change the lock on the hangar and hold property of the Lessee until which time total delinquent rental and fee amounts due are paid in full to the Lessor. After such payments are received by Lessee, the Lessor shall have until the end of the next business day to provide access of Lessee's T -Hangar. 18. LESSOR'S RIGHT OF TERMINATION. This lease shall be subject to termination by Lessor upon the happening of any one or more of the following events: A. Lessee shall be in arrears in the payment of rent for a period of thirty (30) days after the time such payment shall be due, B. Lessee shall make a general assignment for the benefit of creditors, C. Lessee shall file a voluntary, or have filed against it an involuntary, petition in bankruptcy, provided such petition whether voluntary or involuntary shall not be dismissed within fifteen (15) days after it is filed, D. Lessee shall abandon the demised premises, Page 4of6 E. Lessee shall discontinue its use of the premises for a period of thirty (30) days, except for normal absence, such as an extended flight, aircraft repairs, replacement, etc. F. Lessee shall default in the performance of any of the other covenants, agreements and conditions required to be kept and performed by Lessee, and such default continue for a period of thirty (30) days after receipt of written notice from Lessor of said default. G. Lessee shall violate any portion of the "Cape Girardeau Regional Airport Rules and Regulations" in effect at any time during the term of this lease. Lessor may exercise the right of termination provided for herein by written notice to Lessee of its intention to terminate, and this lease shall terminate ten (10) days after the date of such notice. In the event of termination Lessor may take possession of the demised premises upon the effective date of said termination. Default under this lease shall entitle Lessor to declare all remaining installments or rentals to be due and payable immediately, and in the event Lessor shall take possession of the demised premises, it may relet the same upon such terms and conditions as it shall deem appropriate, and any deficiency in the rental payments shall be and remain the obligation of the Lessee. 19. NOTICES. Any notice or other communication to Lessor or Lessee referred to in this lease agreement shall be deemed validly given, served and delivered upon deposit in the United States Mail, registered and with proper postage and registration fee prepaid, addressed as follows: LESSOR: City Clerk City Hall 401 Independence P. O. Box 617 Cape Girardeau, Missouri 63702-0617 LESSEE: Don Marshall 1577 Grandview Dr. Cape Girardeau, MO 63701 Page 5 of 6 20. PARTIES BOUND. All of the terms, covenants and conditions herein contained shall be binding upon and shall inure to the benefit of the parties, their successors, heirs, executors, administrators and assigns. IN WITNESS WHEREOF, the parties here to have caused this agreement to be executed as of the day and year fust above written at Cape Girardeau, Missouri. ATTEST: GaylejONConrad CITY OFeAPE,0IRARDEAU, MISSOURI Q City LESSEE Page 6 of 6 m x Q £CAPE GIRARDEAU REGIONAL t CMT AIRPORT i auasmu, uw»r . n Y. M F i _ consuiec ucxms oFa Ilo m� CAPE GIRARDEAU,..MISSOURI h x x r z - w £CAPE GIRARDEAU REGIONAL t CMT AIRPORT i auasmu, uw»r . n Y. M F i _ consuiec ucxms oFa Ilo m� CAPE GIRARDEAU,..MISSOURI h T -HANGAR LEE AG This Agreement made and entered into thiAhtion' �day of Girardeau, Missouri, a Municipal Corpohereinafte hereinafter referred to as "Lessee". For and in consideration of the mutual covenants, terms and as follows: 4iy and between the City of Cape "Lessor" and Charles Goshen, contained herein, the parties agree 1. PREMISES. Lessor hereby leases to Lessee the following described property: T -Hangar located at the Cape Girardeau Regional Airport in Cape Girardeau, Missouri, designated as T -Hangar #_U, as shown in Exhibit A, together with reasonably necessary rights of access across Lessor's adjoining area. The aircraft which is to be stored by Lessee at this location is described as: Registration Number. 72671 Year: 1999 Make: Cessna Model: 182 In addition, Lessee is allowed two (2) aircraft changes within the same terms and conditions of this lease ONLY if the aircraft is owned under the same name as the Lessee. Lessee must advise the Airport Manager of the following information prior to any change in the aircraft to be stored herein. Aircraft Change 1: Date: Registration Number: Model: Aircraft Change 2: Date: Registration Number: Year: Make: Model: 2. TERM. This Agreement shall commence on June 1 2014 and remain in effect for a period of one (1) year. Thereafter, this Agreement shall continue in effect from month to month, being automatically renewed after each month unless thirty (30) day written notice is given by either party that the Agreement should not be renewed. 3. RENTAL. Lessee shall pay Lessor monthly, beginning the first day of each month, the rental amount as hereinafter provided, said amount being due and payable on or before the 10th day of each month during the term of this lease. Lessee agrees to pay Lessor One Hundred, Ninety -Five and no cents ($195.00) monthly. This rental amount shall be adjusted every five (5) years. For each successive five (5) year period during the remainder of this agreement, the rental amount shall equal the rental amount of the preceding terms plus a percentage of said preceding rental amount for the successive five year (5) period. The percentage referenced herein shall be the percentage increase in the Consumer Price Page 1 of 6 Index (Midwest Urban All Urban Consumers) for the preceding five (5) year period, not to exceed three (3) percent per year, unless a lower percentage is determined by the Airport Manager. All payments are to be made at the office of the City Collector of the City of Cape Girardeau or at such other place as Lessor may direct. There will be a IY2 % per month interest (18% per year) charged on all past due accounts. 4. USE OF THE PREMISES. The T -Hangar hereby leased shall be used only for the storage of aircraft owned or leased by Lessee. Absolutely no storage of any type automobile, recreational vehicle, boat, other non -aviation related items or equipment is permitted in the hangar. Lessor reserves the right to cease the provision of aviation/17130 services to the Lessee if this rule is violated in addition to any other remedies provided in this lease. Lessee is prohibited from storing any fuel or petroleum products upon the leased premises, except those necessary for minor maintenance. No waste or petroleum materials shall be spilled or in any way contaminate the Airport premises or property adjacent to the Airport through activities of the Lessee. The Lessee shall be responsible for cleanup, containment, and abatement of such spill or contamination at Lessee's sole cost and expense. Further, Lessee shall immediately notify the Airport Manager and appropriate governmental agency of such an occurrence. Should the Lessee fail to do so, the Lessor may take any reasonable and appropriate action in the Lessee's stead. The cost of such remedial action by the Lessor shall be paid by the Lessee. No maintenance of the stored aircraft shall be conducted in the T -Hangar, except such minor maintenance as would normally be performed by an aircraft owner without the benefit of an aircraft mechanic. Lessee further agrees that no commercial aviation activities will be conducted on Lessor's premises without the express written approval of the Airport Manager. This includes, but is not limited to aircraft rental, charter, leasing, flight instruction, maintenance, and aerial survey/photography. Lessee shall not use or permit the use of all or any portion of the leased premises in any other manner than herein set forth, without the prior written consent of Lessor. 5. U'T'ILITIES. Lessor shall assume and pay for all costs and charges for utility services furnished as a part of Lessee's rent. Lessor reserves the right to limit the use of utilities should Lessee's use of utilities become excessive. 6. CUSTODIAL SERVICES. Lessee agrees to provide the necessary materials, equipment and labor to provide all necessary janitorial and custodial services, and to maintain the premises in a clean, safe, orderly, and sanitary condition. Lessee shall provide a complete and proper arrangement for the adequate sanitary handling and disposal of all trash and other refuse caused by its operations under this lease. 7. MAINTENANCE AND REPAIR. Lessee shall at its sole cost and expense, keep and maintain the demised premises in fust class condition, which condition shall at all times be based on a standard of care reflecting prudent property management, reasonable wear and tear excepted. Lessor will maintain the structural components of the T -Hangar, including doors and door mechanisms. Lessee shall be responsible and liable for any damage to the T -Hangar caused by Lessee's use, including, but not limited to, bent or broken interior walls, damage to unsealed floors due to fuel, oil spillage, doors damaged due to Lessee's improper or negligent operations. Page 2 of 6 8. INGRESS AND EGRESS. Lessor shall provide a right of ingress and egress to the demised premises for the Lessee, its officers, employees and agents. 9. ALTERATIONS AND IMPROVEMENTS. Lessee shall make no alterations, additions, repairs, replacements, or improvements upon the lease premises without the prior written consent of the Airport Manager. Such consent shall not be withheld without reasonable cause. All alterations, additions, repairs, replacements, and improvements shall be, and will remain the property of Lessor and will be surrendered with the leased premises as part thereof upon termination of this Lease Agreement. 10. ASSIGNMENT AND SUBLEASE. Lessee shall not assign or sublease this T -Hangar without the express written approval of the Airport Manager. In the event that Lessee does receive written approval to assign or sublease this T -Hangar, the Lessee shall remain liable to Lessor for the remainder of the term of the lease to pay Lessor any portion of the rent and fees provided for herein upon failure of the assignee or sub -lessee to pay the same when due. Storage of aircraft not belonging to, or leased by Lessee, shall be construed as a sublease and, unless approved in writing by the Airport Manager, shall be grounds for termination of this lease. 11. ANNUAL INSPECTION. Lessee's aircraft shall be in annual or progressive inspection and license, not more than ninety (90) days from required date. Upon request of the Airport Manager, Lessee shall furnish proof that aircraft has been certified in accordance with FAA criteria and/or proof of annual inspection. 12. RIGHT OF ENTRY. Lessor shall have at all reasonable times during business hours, the full and unrestricted right to enter the leased premises for the purpose of inspection, and for the purpose of doing any and all things which it is obligated or has a right to do under this agreement or by law. 13. SECURITY. Lessee agrees to abide by and cooperate with Lessor in the enforcement and implementation of applicable airport security regulations and measures as prescribed by the Department of Homeland Security/Transportation Security Administration, and the Cape Girardeau Regional Airport. 14. TAXES. Lessee shall pay all personal property taxes which may be assessed against equipment, merchandise or other personal property owned or used by Lessee located on the demised premises. Additionally, Lessee understands and agrees that Lessor may be required to provide information to federal and state government inquiries regarding Lessee's property known to be stored by Lessee. 15, NO WAIVER OF FUTURE BREACH. The failure of Lessor or Lessee to insist, in any one or more instances, on a strict performance of any of the terms or the conditions of this Lease, or to exercise any right herein contained, shall not be construed as a future waiver or a relinquishment of the provisions or right, but the same shall continue and remain in full force and effect. The receipt by Lessor of rent, with knowledge of the breach of any term or condition hereof, shall not be deemed a waiver of the breach and no waiver by Lessor of any provision hereof shall be deemed to have been made unless expressed in writing and signed by Lessor. Should Lessor at some time consent to an assignment of this Lease or to a sublease of the whole or any part of the demised premises, no further assignment and no further sublease shall be made without the express consent in writing by the Airport Manager. None of the terms or conditions of this Lease shall be altered, waived, or modified in any manner except by written instrument executed by both parties. Page 3 of 6 16. INDEMNIFICATION - Lessee shall indemnify and hold harmless and defend the Lessor, its officers, agents and employees from and against any and all claims, demands, damage, loss or liability of any kind or nature, costs or expenses, including attorney's fees and witness costs which may be asserted by any person or persons for or on account of any injuries or death or damages to property sustained because of or arising out of activities of Lessee, its officers, agents or employees provided for herein, whether or not there is concurrent active or passive negligence on the part of the Lessor, but excluding liabilities due to the sole negligence or willful misconduct of Lessor. Lessor shall not be liable for its failure to perform the Agreement or for any loss, injury, damage or delay of any nature whatsoever resulting there from caused by any Act of God, fire, flood, accident, strike, labor dispute, riot, insurrection, war or any other cause beyond Lessor's control. 17. LESSEE'S RIGHT OF TERMINATION. Lessee shall have the right to terminate this lease upon the happening of one or more of the following events: A. The permanent abandonment of the Airport, B. The lawful assumption by the United States Government, or any authorized agency thereof, of the operation, control or use of the Airport, or nay substantial part thereof, in such a manner as to substantially restrict Lessee's use of the premises for a period of forty-five (45) days. C. Issuance by any Court of competent jurisdiction of any injunction in any way preventing or restricting the use of the Airport, and the remaining in force of such injunction for a period of at least forty-five (45) days, D. The default by Lessor in the performance of any covenant or agreement herein required to be performed by Lessor, and the failure of Lessor to remedy such default for a period of thirty (30) days after receipt from Lessee of written notice to remedy said default. E. Lessee relocates, sells, or in any way loses the aircraft referred to herein, above. Lessee may exercise the right of termination by written notice to Lessor at any time within thirty (30) days after any of the events mentioned in the preceding subparagraphs (A) through (E) above. In the event Lessee is delinquent in rental payment(s) to Lessor in excess of sixty (60) days, Lessee understands and agrees that Lessor has the right to change the lock on the hangar and hold property of the Lessee until which time total delinquent rental and fee amounts due are paid in full to the Lessor. After such payments are received by Lessee, the Lessor shall have until the end of the next business day to provide access of Lessee's T -Hangar. 18. LESSOR'S RIGHT OF TERMINATION. This lease shall be subject to termination by Lessor upon the happening of any one or more of the following events: A. Lessee shall be in arrears in the payment of rent for a period of thirty (30) days after the time such payment shall be due, B. Lessee shall make a general assignment for the benefit of creditors, C. Lessee shall file a voluntary, or have filed against it an involuntary, petition in bankruptcy, provided such petition whether voluntary or involuntary shall not be dismissed within fifteen (15) days after it is filed, D. Lessee shall abandon the demised premises, E. Lessee shall discontinue its use of the premises for a period of thirty (30) days, except for Page 4 of 6 normal absence, such as an extended flight, aircraft repairs, replacement, etc. F. Lessee shall default in the performance of any of the other covenants, agreements and conditions required to be kept and performed by Lessee, and such default continue for a period of thirty (30) days after receipt of written notice from Lessor of said default. G. Lessee shall violate any portion of the "Cape Girardeau Regional Airport Rules and Regulations" in effect at any time during the term of this lease. Lessor may exercise the right of termination provided for herein by written notice to Lessee of its intention to terminate, and this lease shall terminate ten (10) days after the date of such notice. In the event of termination Lessor may take possession of the demised premises upon the effective date of said termination. Default under this lease shall entitle Lessor to declare all remaining installments or rentals to be due and payable immediately, and in the event Lessor shall take possession of the demised premises, it may relet the same upon such terms and conditions as it shall deem appropriate, and any deficiency in the rental payments shall be and remain the obligation of the Lessee. 19. NOTICES. Any notice or other communication to Lessor or Lessee referred to in this lease agreement shall be deemed validly given, served and delivered upon deposit in the United States Mail, registered and with proper postage and registration fee prepaid, addressed as follows: LESSOR: City Clerk City Hall 401 Independence P. O. Box 617 Cape Girardeau, Missouri 63702-0617 LESSEE: Charles Goshen 200 Sugar Maple Ln. Jackson, MO 63755 Page 5 of 6 20. PARTIES BOUND. All of the terms, covenants and conditions herein contained shall be binding upon and shall inure to the benefit of the parties, their successors, heirs, executors, administrators and assigns. IN WITNESS WHEREOF, the parties here to have caused this agreement to be executed as of the day and year first above written at Cape Girardeau, Missouri. ATTEST: a CITY OF CAPE, KiRAVA)EAU, MISSOURI Scott A. Meyer City Manager Page 6 of 6 m x Q NO CAPE GIRARDEAU REGIONAL AIRPORT CAPE GIRARDEAU—MISSOURI 'e I ►1 V J L D CMT T D CAPE GIRARDEAU REGIONAL AIRPORT CAPE GIRARDEAU—MISSOURI 'e I ►1 V J D X D CAPE GIRARDEAU REGIONAL AIRPORT CAPE GIRARDEAU—MISSOURI 'e I ►1 T -HANGAR LEASE E This Agreement made and entered into this Pday of Girardeau, Missouri, a Municipal Corporation, hereiru Cornman , hereinafter referred to as "Lessee". For and in consideration of the mutual covenants, terms and as follows: by and between the City of Cape "Lessor" and Mitch and Linn contained herein, the parties agree 1. PREMISES. Lessor hereby leases to Lessee the following described property: T -Hangar located at the Cape Girardeau Regional Airport in Cape Girardeau, Missouri, designated as T -Hangar # 18 , as shown in Exhibit A, together with reasonably necessary rights of access across Lessor's adjoining area. The aircraft which is to be stored by Lessee at this location is described as: Registration Number: 544DS Year: 2001 Make: Diamond Star Model: DA -40 In addition, Lessee is allowed two (2) aircraft changes within the same terms and conditions of this lease ONLY if the aircraft is owned under the same name as the Lessee. Lessee must advise the Airport Manager of the following information prior to any change in the aircraft to be stored herein. Aircraft Change 1: Date: Registration Number: Aircraft Change 2: Date: Registration Number: Year: Model: Year: Model: 2. TERM. This Agreement shall commence on June 1 2014 and remain in effect for a period of one (1) year. Thereafter, this Agreement shall continue in effect from month to month, being automatically renewed after each month unless thirty (30) day written notice is given by either party that the Agreement should not be renewed. 3. RENTAL. Lessee shall pay Lessor monthly, beginning the first day of each month, the rental amount as hereinafter provided, said amount being due and payable on or before the 10th day of each month during the term of this lease. Lessee agrees to pay Lessor One Hundred, Ninety -Five and no cents ($195.00) monthly. This rental amount shall be adjusted every five (5) years. For each successive five (5) year period during the remainder of this agreement, the rental amount shall equal the rental amount of the preceding terms plus a percentage of said preceding rental amount for the successive five year (5) period. The percentage referenced herein shall be the percentage increase in the Consumer Price Page 1 of 6 Index (Midwest Urban All Urban Consumers) for the preceding five (5) year period, not to exceed three (3) percent per year, unless a lower percentage is determined by the Airport Manager. All payments are to be made at the office of the City Collector of the City of Cape Girardeau or at such other place as Lessor may direct. There will be a 11/2 % per month interest (18% per year) charged on all past due accounts. 4. USE OF THE PREMISES. The T -Hangar hereby leased shall be used only for the storage of aircraft owned or leased by Lessee. Absolutely no storage of any type automobile, recreational vehicle, boat, other non -aviation related items or equipment is permitted in the hangar. Lessor reserves the right to cease the rovision of aviation/FBO services to the Lessee if this rule is violated in addition to any other remedies provided in this lease. Lessee is prohibited from storing any fuel or petroleum products upon the leased premises, except those necessary for minor maintenance. No waste or petroleum materials shall be spilled or in any way contaminate the Airport premises or property adjacent to the Airport through activities of the Lessee. The Lessee shall be responsible for cleanup, containment, and abatement of such spill or contamination at Lessee's sole cost and expense. Further, Lessee shall immediately notify the Airport Manager and appropriate governmental agency of such an occurrence. Should the Lessee fail to do so, the Lessor may take any reasonable and appropriate action in the Lessee's stead. The cost of such remedial action by the Lessor shall be paid by the Lessee. No maintenance of the stored aircraft shall be conducted in the T -Hangar, except such minor maintenance as would normally be performed by an aircraft owner without the benefit of an aircraft mechanic. Lessee further agrees that no commercial aviation activities will be conducted on Lessor's premises without the express written approval of the Airport Manager. This includes, but is not limited to aircraft rental, charter, leasing, flight instruction, maintenance, and aerial. survey/photography. Lessee shall not use or permit the use of all or any portion of the leased premises in any other manner than herein set forth, without the prior written consent of Lessor. 5. UTILITIES. Lessor shall assume and pay for all costs and charges for utility services furnished as a part of Lessee's rent. Lessor reserves the right to limit the use of utilities should Lessee's use of utilities become excessive. 6. CUSTODIAL SERVICES. Lessee agrees to provide the necessary materials, equipment and labor to provide all necessary janitorial and custodial services, and to maintain the premises in a clean, safe, orderly, and sanitary condition. Lessee shall provide a complete and proper arrangement for the adequate sanitary handling and disposal of all trash and other refuse caused by its operations under this lease. 7. MAINTENANCE AND REPAIR. Lessee shall at its sole cost and expense, keep and maintain the demised premises in first class condition, which condition shall at all times be based on a standard of care reflecting prudent property management, reasonable wear and tear excepted. Lessor will maintain the structural components of the T -Hangar, including doors and door mechanisms. Lessee shall be responsible and liable for any damage to the T -Hangar caused by Lessee's use, including, but not limited to, bent or broken interior walls, damage to unsealed floors due to fuel, oil spillage, doors damaged due to Lessee's improper or negligent operations. Page 2of6 S. INGRESS AND EGRESS. Lessor shall provide a right of ingress and egress to the demised premises for the Lessee, its officers, employees and agents. 9. ALTERATIONS AND IMPROVEMENTS. Lessee shall make no alterations, additions, repairs, replacements, or improvements upon the lease premises without the prior written consent of the Airport Manager. Such consent shall not be withheld without reasonable cause. All alterations, additions, repairs, replacements, and improvements shall be, and will remain the property of Lessor and will be surrendered with the leased premises as part thereof upon termination of this Lease Agreement. 10. ASSIGNMENT AND SUBLEASE. Lessee shall not assign or sublease this T -Hangar without the express written approval of the Airport Manager. In the event that Lessee does receive written approval to assign or sublease this T -Hangar, the Lessee shall remain liable to Lessor for the remainder of the term of the lease to pay Lessor any portion of the rent and fees provided for herein upon failure of the assignee or sub -lessee to pay the same when due. Storage of aircraft not belonging to, or leased by Lessee, shall be construed as a sublease and, unless approved in writing by the Airport Manager, shall be grounds for termination of this lease. 11. ANNUAL INSPECTION. Lessee's aircraft shall be in annual or progressive inspection and license, not more than ninety (90) days from required date. Upon request of the Airport Manager, Lessee shall furnish proof that aircraft has been certified in accordance with FAA criteria and/or proof of annual inspection. 12. RIGHT OF ENTRY. Lessor shall have at all reasonable times during business hours, the full and unrestricted right to enter the leased premises for the purpose of inspection, and for the purpose of doing any and all things which it is obligated or has a right to do under this agreement or by law. 13. SECURITY. Lessee agrees to abide by and cooperate with Lessor in the enforcement and implementation of applicable airport security regulations and measures as prescribed by the Department of Homeland Securityfrransportation Security Administration, and the Cape Girardeau Regional Airport. 14. TAXES. Lessee shall pay all personal property taxes which may be assessed against equipment, merchandise or other personal property owned or used by Lessee located on the demised premises. Additionally, Lessee understands and agrees that Lessor may be required to provide information to federal and state government inquiries regarding Lessee's property known to be stored by Lessee. 15. NO WAIVER OF FUTURE BREACH. The failure of Lessor or Lessee to insist, in any one or more instances, on a strict performance of any of the terms or the conditions of this Lease, or to exercise any right herein contained, shall not be construed as a future waiver or a relinquishment of the provisions or right, but the same shall continue and remain in full force and effect. The receipt by Lessor of rent, with knowledge of the breach of any term or condition hereof, shall not be deemed a waiver of the breach and no waiver by Lessor of any provision hereof shall be deemed to have been made unless expressed in writing and signed by Lessor. Should Lessor at some time consent to an assignment of this Lease or to a sublease of the whole or any part of the demised premises, no further assignment and no further sublease shall be made without. the express consent in writing by the Airport Manager. None of the terms or conditions of this Lease shall be altered, waived, or modified in any manner except by written instrument executed by both parties. Page 3 of 6 - 16. INDEMNIFICATION - Lessee shall indemnify and hold harmless and defend the Lessor, its officers, agents and employees from and against any and all claims, demands, damage, loss or liability of any kind or nature, costs or expenses, including attorney's fees and witness costs which may be asserted by any person or persons for or on account of any injuries or death or damages to property sustained because of or arising out of activities of Lessee, its officers, agents or employees provided for herein, whether or not there is concurrent active or passive negligence on the part of the Lessor, but excluding liabilities due to the sole negligence or willful misconduct of Lessor. Lessor shall not be liable for its failure to perform the Agreement or for any loss, injury, damage or delay of any nature whatsoever resulting there from caused by any Act of God, fire, flood, accident, strike, labor dispute, riot, insurrection, war or any other cause beyond Lessor's control. 17. LESSEE'S RIGHT OF TERMINATION. Lessee shall have the right to terminate this lease upon the happening of one or more of the following events: A. The permanent abandonment of the Airport, B. The lawful assumption by the United States Government, or any authorized agency thereof, of the operation, control or use of the Airport, or nay substantial part thereof, in such a manner as to substantially restrict Lessee's use of the premises for a period of forty-five (45) days. C. Issuance by any Court of competent jurisdiction of any injunction in any way preventing or restricting the use of the Airport, and the remaining in force of such injunction for a period of at least forty-five (45) days, D. The default by Lessor in the performance of any covenant or agreement herein required to be performed by Lessor, and the failure of Lessor to remedy such default for a period of thirty (30) days after receipt from Lessee of written notice to remedy said default. E. Lessee relocates, sells, or in any way loses the aircraft referred to herein, above. Lessee may exercise the right of termination by written notice to Lessor at any time within thirty (30) days after any of the events mentioned in the preceding subparagraphs (A) through (E) above. In the event Lessee is delinquent in rental payment(s) to Lessor in excess of sixty (60) days, Lessee understands and agrees that Lessor has the right to change the lock on the hangar and hold property of the Lessee until which time total delinquent rental and fee amounts due are paid in full to the Lessor. After such payments are received by Lessee, the Lessor shall have until the end of the next business day to provide access of Lessee's T -Hangar. 18. LESSOR'S RIGHT OF TERMINATION. This lease shall be subject to termination by Lessor upon the happening of any one or more of the following events: A. Lessee shall be in arrears in the payment of rent for a period of thirty (30) days after the time such payment shall be due, B. Lessee shall make a general assignment for the benefit of creditors, C. Lessee shall file a voluntary, or have filed against it an involuntary, petition in bankruptcy, provided such petition whether voluntary or involuntary shall not be dismissed within fifteen (15) days after it is filed, D. Lessee shall abandon the demised premises, E. Lessee shall discontinue its use of the premises for a period of thirty (30) days, except for normal absence, such as an extended flight, aircraft repairs, replacement, etc. Page 4 of 6 F. Lessee shall default in the performance of any of the other covenants, agreements and conditions required to be kept and performed by Lessee, and such default continue for a period of thirty (30) days after receipt of written notice from Lessor of said default. G. Lessee shall violate any portion of the "Cape Girardeau Regional Airport Rules and Regulations" in effect at any time during the term of this lease. Lessor may exercise the right of termination provided for herein by written notice to Lessee of its intention to terminate, and this lease shall terminate ten (10) days after the date of such notice. In the event of termination Lessor may take possession of the demised premises upon the effective date of said termination. Default under this lease shall entitle Lessor to declare all remaining installments or rentals to be due and payable immediately, and in the event Lessor shall take possession of the demised premises, it may relet the same upon such terms and conditions as it shall deem appropriate, and any deficiency in the rental payments shall be and remain the obligation of the Lessee. 19. NOTICES. Any notice or other communication to Lessor or Lessee referred to in this lease agreement shall be deemed validly given, served and delivered upon deposit in the United States Mail, registered and with proper postage and registration fee prepaid, addressed as follows: LESSOR: City Clerk City Hall 401 Independence P. O. Box 617 Cape Girardeau, Missouri 63702-0617 LESSEE: Mitch and Linn Cornman RR 4 Box 2994 Marble Hill, MO 63764 Page 5 of 6 20. PARTIES BOUND. All of the terms, covenants and conditions herein contained shall be binding upon and shall inure to the benefit of the parties, their successors, heirs, executors, administrators and assigns. IN WITNESS WHEREOF, the parties here to have caused this agreement to be executed as of the day and year first above written at Cape Girardeau, Missouri. ATTEST: ATTEST: CITY OF CAPE GHCARDEAU. MISSOURI Scott A. Meyer City Manager LESSEE Mitch Comman Linn Cornman Page 6 of 6 I 9 on ­..`nl }CAPE GIRARDEAU REGIONAL = m '5110crnT I AIRPORT CAPE GIRARDEAU,,MISSOURI 'Ro�• T -HANGAR LEASE AGREEMENT This Agreement made and entered into this Vjam day of / by and between the City of Cape Girardeau, Missouri, a Municipal Corporation, hereinafter calle "Lessor" and _Magniflight, LLC, hereinafter referred to as "Lessee". For and in consideration of the mutual covenants, terms and conditions contained herein, the parties agree as follows: 1. PREMISES. Lessor hereby leases to Lessee the following described property: T -Hangar located at the Cape Girardeau Regional Airport in Cape Girardeau, Missouri, designated as T -Hangar #_19_, as shown in Exhibit A, together with reasonably necessary rights of access across Lessor's adjoining area. The aircraft which is to be stored by Lessee at this location is described as: Registration Number: 316MG Year: 2007 Make: Ma i G ro Model: M-16 Registration Number: 216MG Year: 2003 Make: Ma ni G ro Model: M-16 In addition, Lessee is allowed two (2) aircraft changes within the same terms and conditions of this lease ONLY if the aircraft is owned under the same name as the Lessee. Lessee must advise the Airport Manager of the following information prior to any change in the aircraft to be stored herein. Aircraft Change 1: Date: Registration Number: Year: Make: Model: Aircraft Chance 2: Date: Registration Number: Year: Make: Model: 2. TERM. This Agreement shall commence on June 1. 2014 and remain in effect for a period of one (1) year. Thereafter, this Agreement shall continue in effect from month to month, being automatically renewed after each month unless thirty (30) day written notice is given by either party that the Agreement should not be renewed. 3. RENTAL. Lessee shall pay Lessor monthly, beginning the first day of each month, the rental amount as hereinafter provided, said amount being due and payable on or before the 10th day of each month during the term of this lease. Lessee agrees to pay Lessor One Hundred, Ninety -Five and no cents ($195.00) monthly. Page 1 of 6 This rental amount shall be adjusted every five (5) years. For each successive five (5) year period during the remainder of this agreement, the rental amount shall equal the rental amount of the preceding terms plus a percentage of said preceding rental amount for the successive five year (5) period. The percentage referenced herein shall be the percentage increase in the Consumer Price Index (Midwest Urban All Urban Consumers) for the preceding five (5) year period, not to exceed three (3) percent per year, unless a lower percentage is determined by the Airport Manager. All payments are to be made at the office of the City Collector of the City of Cape Girardeau or at such other place as Lessor may direct. There will be a 1'/2 % per month interest (18% per year) charged on all past due accounts. 4. USE OF THE PREMISES. The T -Hangar hereby leased shall be used only for the storage of aircraft owned or leased by Lessee. Absolutely no storage of any type automobile, recreational vehicle, boat, other non -aviation related items or equipment is permitted in the hangar. Lessor reserves the right to cease the provision of aviation/FBO services to the Lessee if this rule is violated, in addition to any other remedies provided in this lease. Lessee is prohibited from storing any fuel or petroleum products upon the leased premises, except those necessary for minor maintenance. No waste or petroleum materials shall be spilled or in any way contaminate the Airport premises or property adjacent to the Airport through activities of the Lessee. The Lessee shall be responsible for cleanup, containment, and abatement of such spill or contamination at Lessee's sole cost and expense. Further, Lessee shall immediately notify the Airport Manager and appropriate governmental agency of such an occurrence. Should the Lessee fail to do so, the Lessor may take any reasonable and appropriate action in the Lessee's stead. The cost of such remedial action by the Lessor shall be paid by the Lessee. No maintenance of the stored aircraft shall be conducted in the T -Hangar, except such minor maintenance as would normally be performed by an aircraft owner without the benefit of an aircraft mechanic. Lessee further agrees that no commercial aviation activities will be conducted on Lessor's premises without the express written approval of the Airport Manager. This includes, but is not limited to aircraft rental, charter, leasing, flight instruction, maintenance, and aerial survey/photography. Lessee shall not use or permit the use of all or any portion of the leased premises in any other manner than herein set forth, without the prior written consent of Lessor. 5. UTILITIES. Lessor shall assume and pay for all costs and charges for utility services furnished as a part of Lessee's rent. Lessor reserves the right to limit the use of utilities should Lessee's use of utilities become excessive. 6. CUSTODIAL SERVICES. Lessee agrees to provide the necessary materials, equipment and labor to provide all necessary janitorial and custodial services, and to maintain the premises in a clean, safe, orderly, and sanitary condition. Lessee shall provide a complete and proper arrangement for the adequate sanitary handling and disposal of all trash and other refuse caused by its operations under this lease. 7. MAINTENANCE AND REPAIR. Lessee shall at its sole cost and expense, keep and maintain the demised premises in first class condition, which condition shall at all times be based on a standard of care reflecting prudent property management, reasonable wear and tear excepted. Lessor will maintain the structural components of the T -Hangar, including doors and door mechanisms. Page 2 of 6 Lessee shall be responsible and liable for any damage to the T -Hangar caused by Lessee's use, including, but not limited to, bent or broken interior walls, damage to unsealed floors due to fuel, oil spillage, doors damaged due to Lessee's improper or negligent operations. 8. INGRESS AND EGRESS. Lessor shall provide a right of ingress and egress to the demised premises for the Lessee, its officers, employees and agents. 9. ALTERATIONS AND IMPROVEMENTS. Lessee shall make no alterations, additions, repairs, replacements, or improvements upon the lease premises without the prior written consent of the Airport Manager. Such consent shall not be withheld without reasonable cause. All alterations, additions, repairs, replacements, and improvements shall be, and will remain the property of Lessor and will be surrendered with the leased premises as part thereof upon termination of this Lease Agreement. 10. ASSIGNMENT AND SUBLEASE. Lessee shall not assign or sublease this T -Hangar without the express written approval of the Airport Manager. In the event that Lessee does receive written approval to assign or sublease this T -Hangar, the Lessee shall remain liable to Lessor for the remainder of the term of the lease to pay Lessor any portion of the rent and fees provided for herein upon failure of the assignee or sub -lessee to pay the same when due. Storage of aircraft not belonging to, or leased by Lessee, shall be construed as a sublease and, unless approved in writing by the Airport Manager, shall be grounds for termination of this lease. 11. ANNUAL INSPECTION. Lessee's aircraft shall be in annual or progressive inspection and license, not more than ninety (90) days from required date. Upon request of the Airport Manager, Lessee shall furnish proof that aircraft has been certified in accordance with FAA criteria and/or proof of annual inspection. 12. RIGHT OF ENTRY. Lessor shall have at all reasonable times during business hours, the full and unrestricted right to enter the leased premises for the purpose of inspection, and for the purpose of doing any and all things which it is obligated or has a right to do under this agreement or by law. 13. SECURITY. Lessee agrees to abide by and cooperate with Lessor in the enforcement and implementation of applicable airport security regulations and measures as prescribed by the Department of Homeland Securityfrransportadon Security Administration, and the Cape Girardeau Regional Airport. 14. TAXES. Lessee shall pay all personal property taxes which may be assessed against equipment, merchandise or other personal property owned or used by Lessee located on the demised premises. Additionally, Lessee understands and agrees that Lessor may be required to provide information to federal and state government inquiries regarding Lessee's property known to be stored by Lessee. 15. NO WAIVER OF FUTURE BREACH. The failure of Lessor or Lessee to insist, in any one or more instances, on a strict performance of any of the terms or the conditions of this Lease, or to exercise any right herein contained, shall not be construed as a future waiver or a relinquishment of the provisions or right, but the same shall continue and remain in full force and effect. The receipt by Lessor of rent, with knowledge of the breach of any term or condition hereof, shall not be deemed a waiver of the breach and no waiver by Lessor of any provision hereof shall be deemed to have been made unless expressed in writing and signed by Lessor. Should Lessor at Page 3 of 6 some time consent to an assignment of this Lease or to a sublease of the whole or any part of the demised premises, no further assignment and no further sublease shall be made without the express consent in writing by the Airport Manager. None of the terms or conditions of this Lease shall be altered, waived, or modified in any manner except by written instrument executed by both parties. 16. INDEMNIFICATION - Lessee shall indemnify and hold harmless and defend the Lessor, its officers, agents and employees from and against any and all claims, demands, damage, loss or liability of any kind or nature, costs or expenses, including attorney's fees and witness costs which may be asserted by any person or persons for or on account of any injuries or death or damages to property sustained because of or arising out of activities of Lessee, its officers, agents or employees provided for herein, whether or not there is concurrent active or passive negligence on the part of the Lessor, but excluding liabilities due to the sole negligence or willful misconduct of Lessor. Lessor shall not be liable for its failure to perform the Agreement or for any loss, injury, damage or delay of any nature whatsoever resulting there from caused by any Act of God, fire, flood, accident, strike, labor dispute, riot, insurrection, war or any other cause beyond Lessor's control. 17. LESSEE'S RIGHT OF TERMINATION. Lessee shall have the right to terminate this lease upon the happening of one or more of the following events: A. The permanent abandonment of the Airport, B. The lawful assumption by the United States Government, or any authorized agency thereof, of the operation, control or use of the Airport, or nay substantial part thereof, in such a manner as to substantially restrict Lessee's use of the premises for a period of forty-five (45) days. C. Issuance by any Court of competent jurisdiction of any injunction in any way preventing or restricting the use of the Airport, and the remaining in force of such injunction for a period of at least forty-five (45) days, D. The default by Lessor in the performance of any covenant or agreement herein required to be performed by Lessor, and the failure of Lessor to remedy such default for a period of thirty (30) days after receipt from Lessee of written notice to remedy said default. E. Lessee relocates, sells, or in any way loses the aircraft referred to herein, above. Lessee may exercise the right of termination by written notice to Lessor at any time within thirty (30) days after any of the events mentioned in the preceding subparagraphs (A) through (E) above. In the event Lessee is delinquent in rental payment(s) to Lessor in excess of sixty (60) days, Lessee understands and agrees that Lessor has the right to change the lock on the hangar and hold property of the Lessee until which time total delinquent rental and fee amounts due are paid in full to the Lessor. After such payments are received by Lessee, the Lessor shall have until the end of the next business day to provide access of Lessee's T -Hangar. 18. LESSOR'S RIGHT OF TERMINATION. This lease shall be subject to termination by Lessor upon the happening of any one or more of the following events: A. Lessee shall be in arrears in the payment of rent for a period of thirty (30) days after the time such payment shall be due, Page 4 of 6 B. Lessee shall make a general assignment for the benefit of creditors, C. Lessee shall file a voluntary, or have filed against it an involuntary, petition in bankruptcy, provided such petition whether voluntary or involuntary shall not be dismissed within fifteen (15) days after it is filed, D. Lessee shall abandon the demised premises, E. Lessee shall discontinue its use of the premises for a period of thirty (30) days, except for normal absence, such as an extended flight, aircraft repairs, replacement, etc. F. Lessee shall default in the performance of any of the other covenants, agreements and conditions required to be kept and performed by Lessee, and such default continue for a period of thirty (30) days after receipt of written notice from Lessor of said default. G. Lessee shall violate any portion of the "Cape Girardeau Regional Airport Rules and Regulations" in effect at any time during the term of this lease. Lessor may exercise the right of termination provided for herein by written notice to Lessee of its intention to terminate, and this lease shall terminate ten (10) days after the date of such notice. In the event of termination Lessor may take possession of the demised premises upon the effective date of said termination. Default under this lease shall entitle Lessor to declare all remaining installments or rentals to be due and payable immediately, and in the event Lessor shall take possession of the demised premises, it may relet the same upon such terms and conditions as it shall deem appropriate, and any deficiency in the rental payments shall be and remain the obligation of the Lessee. 19. NOTICES. Any notice or other communication to Lessor or Lessee referred to in this lease agreement shall be deemed validly given, served and delivered upon deposit in the United States Mail, registered and with proper postage and registration fee prepaid, addressed as follows: LESSOR: City Clerk City Hall 401 Independence P. O. Box 617 Cape Girardeau, Missouri 63702-0617 LESSEE: Mark Sprigg Magniflight, LLC PO Box 217 Kelso, MO 63758 Page 5 of 6 20. PARTIES BOUND. All of the terms, covenants and conditions herein contained shall be binding upon and shall inure to the benefit of the parties, their successors, heirs, executors, administrators and assigns. IN WITNESS WHEREOF, the parties here to have caused this agreement to be executed as of the day and year first above written at Cape Girardeau, Missouri. ATTEST: ATTEST: `� CITY OF CAPU. MARjYEAU, MISSOURI NuMf'A. Meyer City Manager LESSEE A;i/ Cara Sprigg Magniflight, LLC Page 6 of 6 T -HANGAR LEASE AGREEMENT This Agreement made and entered into this day ofby and between the City of Cape Girardeau, Missouri, a Municipal Corporation, hereinafter pledf"essor"and Nemesis Flight OpsLLChereinafter referred to as "Lessee". For and in consideration of the mutual covenants, terms and con contained herein, the parties agree as follows: 1. PREMISES. Lessor hereby leases to Lessee the following described property: T -Hangar located at the Cape Girardeau Regional Airport in Cape Girardeau, Missouri, designated as T -Hangar # 20_, as shown in Exhibit A, together with reasonably necessary rights of access across Lessor's adjoining area. The aircraft which is to be stored by Lessee at this location is described as: Registration Number: 39EE Year: 2011 Make:_ Cirrus Model: SR22 In addition, Lessee is allowed two (2) aircraft changes within the same terms and conditions of this lease ONLY if the aircraft is owned under the same name as the Lessee. Lessee must advise the Airport Manager of the following information prior to any change in the aircraft to be stored herein. Aircraft Change 1: Date: Registration Number: Make: Aircraft Change 2: Date: Registration Number: Year: Model: Year: Model: 2. TERM. This Agreement shall commence on June 1, 2014 and remain in effect for a period of one (1) year. Thereafter, this Agreement shall continue in effect from month to month, being automatically renewed after each month unless thirty (30) day written notice is given by either party that the Agreement should not be renewed. 3. RENTAL. Lessee shall pay Lessor monthly, beginning the first day of each month, the rental amount as hereinafter provided, said amount being due and payable on or before the 10th day of each month during the term of this lease. Lessee agrees to pay Lessor One Hundred, Ninety -Five and no cents ($195.00) monthly. This rental amount shall be adjusted every five (5) years. For each successive five (5) year period during the remainder of this agreement, the rental amount shall equal the rental amount of the preceding terms plus a percentage of said preceding rental amount for the successive five year (5) period. The percentage referenced herein shall be the percentage increase in the Consumer Price Page 1 of 6 Index (Midwest Urban All Urban Consumers) for the preceding five (5) year period, not to exceed three (3) percent per year, unless a lower percentage is determined by the Airport Manager. All payments are to be made at the office of the City Collector of the City of Cape Girardeau or at such other place as Lessor may direct. There will be a lh % per month interest (18% per year) charged on all past due accounts. 4. USE OF THE PREMISES. The T -Hangar hereby leased shall be used only for the storage of aircraft owned or leased by Lessee. Absolutely no storage of any type automobile, recreational vehicle, boat, other non -aviation related items or equipment is permitted in the hangar. Lessor reserves the right to cease the provision of aviation/FBO services to the Lessee if this rule is violated, in addition to any other remedies provided in this lease Lessee is prohibited from storing any fuel or petroleum products upon the leased premises, except those necessary for minor maintenance. No waste or petroleum materials shall be spilled or in any way contaminate the Airport premises or property adjacent to the Airport through activities of the Lessee. The Lessee shall be responsible for cleanup, containment, and abatement of such spill or contamination at Lessee's sole cost and expense. Further, Lessee shall immediately notify the Airport Manager and appropriate governmental agency of such an occurrence. Should the Lessee fail to do so, the Lessor may take any reasonable and appropriate action in the Lessee's stead. The cost of such remedial action by the Lessor shall be paid by the Lessee. No maintenance of the stored aircraft shall be conducted in the T -Hangar, except such minor maintenance as would normally be performed by an aircraft owner without the benefit of an aircraft mechanic. Lessee further agrees that no commercial aviation activities will be conducted on Lessor's premises without the express written approval of the Airport Manager. This includes, but is not limited to aircraft rental, charter, leasing, flight instruction, maintenance, and aerial survey/photography. Lessee shall not use or permit the use of all or any portion of the leased premises in any other manner than herein set forth, without the prior written consent of Lessor. 5. UTILITIES. Lessor shall assume and pay for all costs and charges for utility services furnished as a part of Lessee's rent. Lessor reserves the right to limit the use of utilities should Lessee's use of utilities become excessive. 6. CUSTODIAL SERVICES. Lessee agrees to provide the necessary materials, equipment and labor to provide all necessary janitorial and custodial services, and to maintain the premises in a clean, safe, orderly, and sanitary condition. Lessee shall provide a complete and proper arrangement for the adequate sanitary handling and disposal of all trash and other refuse caused by its operations under this lease. 7. MAINTENANCE AND REPAIR. Lessee shall at its sole cost and expense, keep and maintain the demised premises in first class condition, which condition shall at all times be based on a standard of care reflecting prudent property management, reasonable wear and tear excepted. Lessor will maintain the structural components of the T -Hangar, including doors and door mechanisms. Lessee shall be responsible and liable for any damage to the T -Hangar caused by Lessee's use, including, but not Limited to, bent or broken interior walls, damage to unsealed floors due to fuel, oil spillage, doors damaged due to Lessee's improper or negligent operations. Page 2 of 6 8. INGRESS AND EGRESS. Lessor shall provide a right of ingress and egress to the demised premises for the Lessee, its officers, employees and agents. 9. ALTERATIONS AND IMPROVEMENTS. Lessee shall make no alterations, additions, repairs, replacements, or improvements upon the lease premises without the prior written consent of the Airport Manager. Such consent shall not be withheld without reasonable cause. All alterations, additions, repairs, replacements, and improvements shall be, and will remain the property of Lessor and will be surrendered with the leased premises as part thereof upon termination of this Lease Agreement. 10. ASSIGNMENT AND SUBLEASE. Lessee shall not assign or sublease this T -Hangar without the express written approval of the Airport Manager. In the event that Lessee does receive written approval to assign or sublease this T -Hangar, the Lessee shall remain liable to Lessor for the remainder of the term of the lease to pay Lessor any portion of the rent and fees provided for herein upon failure of the assignee or sub -lessee to pay the same when due. Storage of aircraft not belonging to, or leased by Lessee, shall be construed as a sublease and, unless approved in writing by the Airport Manager, shall be grounds for termination of this lease. 11. ANNUAL INSPECTION. Lessee's aircraft shall be in annual or progressive inspection and license, not more than ninety (90) days from required date. Upon request of the Airport Manager, Lessee shall furnish proof that aircraft has been certified in accordance with FAA criteria and/or proof of annual inspection. 12. RIGHT OF ENTRY. Lessor shall have at all reasonable times during business hours, the full and unrestricted right to enter the leased premises for the purpose of inspection, and for the purpose of doing any and all things which it is obligated or has a right to do under this agreement or by law. 13. SECURITY. Lessee agrees to abide by and cooperate with Lessor in the enforcement and implementation of applicable airport security regulations and measures as prescribed by the Department of Homeland Security/Transportation Security Administration, and the Cape Girardeau Regional Airport. 14. TAXES. Lessee shall pay all personal property taxes which may be assessed against equipment, merchandise or other personal property owned or used by Lessee located on the demised premises. Additionally, Lessee understands and agrees that Lessor may be required to provide information to federal and state government inquiries regarding Lessee's property known to be stored by Lessee. 15. NO WAIVER OF FUTURE BREACH. The failure of Lessor or Lessee to insist, in any one or more instances, on a strict performance of any of the terms or the conditions of this Lease, or to exercise any right herein contained, shall not be construed as a future waiver or a relinquishment of the provisions or right, but the same shall continue and remain in full force and effect. The receipt by Lessor of rent, with knowledge of the breach of any term or condition hereof, shall not be deemed a waiver of the breach and no waiver by Lessor of any provision hereof shall be deemed to have been made unless expressed in writing and signed by Lessor. Should Lessor at some time consent to an assignment of this Lease or to a sublease of the whole or any part of the demised premises, no further assignment and no further sublease shall be made without the express consent in writing by the Airport Manager. None of the terms or conditions of this Lease shall be altered, waived, or modified in any manner except by written instrument executed by both parties. Page 3 of 6 16. INDEMNIFICATION - Lessee shall indemnify and hold harmless and defend the Lessor, its officers, agents and employees from and against any and all claims, demands, damage, loss or liability of any kind or nature, costs or expenses, including attorney's fees and witness costs which may be asserted by any person or persons for or on account of any injuries or death or damages to property sustained because of or arising out of activities of Lessee, its officers, agents or employees provided for herein, whether or not there is concurrent active or passive negligence on the part of the Lessor, but excluding liabilities due to the sole negligence or willful misconduct of Lessor. Lessor shall not be liable for its failure to perform the Agreement or for any loss, injury, damage or delay of any nature whatsoever resulting there from caused by any Act of God, fire, flood, accident, strike, labor dispute, riot, insurrection, war or any other cause beyond Lessor's control. 17. LESSEE'S RIGHT OF TERMINATION. Lessee shall have the right to terminate this lease upon the happening of one or more of the following events: A. The permanent abandonment of the Airport, B. The lawful assumption by the United States Government, or any authorized agency thereof, of the operation, control or use of the Airport, or nay substantial part thereof, in such a manner as to substantially restrict Lessee's use of the premises for a period of forty-five (45) days. C. Issuance by any Court of competent jurisdiction of any injunction in any way preventing or restricting the use of the Airport, and the remaining in force of such injunction for a period of at least forty-five (45) days, D. The default by Lessor in the performance of any covenant or agreement herein required to be performed by Lessor, and the failure of Lessor to remedy such default for a period of thirty (30) days after receipt from Lessee of written notice to remedy said default. E. Lessee relocates, sells, or in any way loses the aircraft referred to herein, above. Lessee may exercise the right of termination by written notice to Lessor at any time within thirty (30) days after any of the events mentioned in the preceding subparagraphs (A) through (E) above. In the event Lessee is delinquent in rental payment(s) to Lessor in excess of sixty (60) days, Lessee understands and agrees that Lessor has the right to change the lock on the hangar and hold property of the Lessee until which time total delinquent rental and fee amounts due are paid in full to the Lessor. After such payments are received by Lessee, the Lessor shall have until the end of the next business day to provide access of Lessee's T -Hangar. 18. LESSOR'S RIGHT OF TERMINATION. This lease shall be subject to termination by Lessor upon the happening of any one or more of the following events: A.' Lessee shall be in arrears in the payment of rent for a period of thirty (30) days after the time such payment shall be due, B. Lessee shall make a general assignment for the benefit of creditors, C. Lessee shall file a voluntary, or have filed against it an involuntary, petition in bankruptcy, provided such petition whether voluntary or involuntary shall not be dismissed within fifteen (15) days after it is filed, D. Lessee shall abandon the demised premises, E. Lessee shall discontinue its use of the premises for a period of thirty (30) days, except for normal absence, such as an extended flight, aircraft repairs, replacement, etc. Page 4 of 6 F. Lessee shall default in the performance of any of the other covenants, agreements and conditions required to be kept and performed by Lessee, and such default continue for a period of thirty (30) days after receipt of written notice from Lessor of said default. G. Lessee shall violate any portion of the "Cape Girardeau Regional Airport Rules and Regulations" in effect at any time during the term of this lease. Lessor may exercise the right of termination provided for herein by written notice to Lessee of its intention to terminate, and this lease shall terminate ten (10) days after the date of such notice. In the event of termination Lessor may take possession of the demised premises upon the effective date of said termination. Default under this lease shall entitle Lessor to declare all remaining installments or rentals to be due and payable immediately, and in the event Lessor shall take possession of the demised premises, it may relet the same upon such terms and conditions as it shall deem appropriate, and any deficiency in the rental payments shall be and remain the obligation of the Lessee. 19. NOTICES. Any notice or other communication to Lessor or Lessee referred to in this lease agreement shall be deemed validly given, served and delivered upon deposit in the United States Mail, registered and with proper postage and registration fee prepaid, addressed as follows: LESSOR: City Clerk City Hall 401 Independence P. O. Box 617 Cape Girardeau, Missouri 63702-0617 LESSEE: Mr. Shannon Davis Nemesis Flight Ops, LLC 429 Broadview St. Cape Girardeau, MO 63701 Page 5 of 6 20. PARTIES BOUND. All of the terms, covenants and conditions herein contained shall be binding upon and shall inure to the benefit of the parties, their successors, heirs, executors, administrators and assigns. IN WITNESS WHEREOF, the parties here to have caused this agreement to be executed as of the day and year first above written at Cape Girardeau, Missouri. CITY OF CAE f3IRARDEAU, MISSOURI CHO City ATTEST: Lw%klli_�i♦ ATTEST: LESSEE Shannon Da is Nemesis Flight Ops Page 6 of 6 s m x +T = `cMr CAPE GIRARDEAU REGIONAL RF ��.. AIRPORT � � 8 m x +T = `cMr CAPE GIRARDEAU REGIONAL ��.. AIRPORT �...� CAPE GIRARDEAU,.MISSOURI so