Ordinance No. 19551 - Laserfiche WebLink

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If any defect bother than Permitted Encumbrances} shall be discovered in the title of the City to the Airport, the City shall promptly cure the same. 5.2.3. To Complete Acquisitions and Constructions Promptly. The City will promptly complete the acquisition, purchase, construction, improvement, betterment, extension, addition, reconstruction, restoration, equipping and furnishing of any properties, the casts of which are to be paid from the proceeds of Bonds, from money in the Airport Fund, or from any other money held hereunder. 5.2.4. To Keep Airport in Good Repair and to Make Improvements and Betterments Thereto. The City will maintain, preserve, keep and operate, or cause tv be maintained, preserved, kept and operated, the properties constituting the Airport including all additions, improvements and betterments thereto and extensions thereof and every part and parcel thereof} in good and efficient repair, working order and operating condition in conformity with standards customarily followed in the aviation industry for airports of like size and character. The Cit Pram Y moneys lawfully available therefor or made available therefor, will from time to time make all necessary and proper repairs, renewals, replacements and substitutions to said properties, and construct additions and improvements thereto and extensions and betterments thereof which are economically .sound, so that at all times the business carried on in connection therewith shall and can be properly and advantageously conducted in an efficient manner and at reasonable cost. 5.2.5. ,To Gperate and Maintain Airport. The City shall operate and maintain the Airport as a revenue-producing enterprise and shall manage the same in the most efficient manner consistent with sound economy and public advantage, and consistent with the protection of the Bondowners. 5.2.6. Governmental Approval. The City will perform any constructions, reconstructions and restorations of, improvements, betterments and extensions to, and equippings and furnishings of, and will operate and maintain the Mahlon Sweet Airport at standards required in order that the same may be approved by the proper and competent Federal Government authority or authorities for the landing and taking off of aircraft operating in scheduled service, and as a terminal point of the City for the receipt and dispatch of passengers, property and mail by aircraft. 5.2.7. Compliance with Terms of Grants-in-aid; Application Thereof. The City shall comply with the requirements of the Federal Government of grants-in-aid accepted by the City. All such grants-in-aid shall be applied, if consistent Page 34 - Ordinance