Laserfiche WebLink
been replaced by other property of substantially equal revenue- <br />producing capability. Any moneys received by the City as the <br />proceeds of any such sale, lease or any other disposition of said <br />properties shall be deposited in the Operating Account. <br />5.2.11.5. Subject tv the provisions of Section <br />5.2.11,? hereof, the City, if and so long as any building or <br />structure included in the Airport or any portion of any land <br />included in the Airport is determined by it as not being <br />necessary to the actual operations of the Airport, may use such <br />building or structure or portion of land for any non-airport or <br />non-aviation purposes of the City, and without making any <br />payments into the Airport Fund for such non-airport or non- <br />aviation use from the revenues derived from taxes or from <br />revenues derived from its non-airport activities, The City shall <br />maintain any such building or structure or portion of land while <br />used for non-airport or non_aviation purposes. The costs of <br />maintaining any building or structure or portion of land while <br />used for non-airport or non-aviation purposes, the costs of <br />operating such building ar structure or portion of land for such <br />purposes, and the casts of any improvements to such building or <br />structure or improvements made on such portion of land for such <br />purposes, shall be paid by the City from moneys derived from <br />taxes or revenues derived from activities of the City other than <br />from the operation of the Airport, <br />5.2.11.6. No use for non-airport or non-aviation <br />purposes of any building or structure or portion of land included <br />in the Airport, as permitted by Section 5.2,11.5 hereof, shall be <br />made, and no sale, lease or other disposition of any Airport <br />property, as permitted by Section 5.2,11,4 hereof, shall be made, <br />unless: <br />~a} the building, structure, portion of land, or <br />property will be used for purposes which are substantially <br />non-competitive with the Airport; <br />~b~ the building, structure, portion of land or <br />property will not be used to provide services, facilities, <br />commodities or supplies which then may be adequately made <br />available through the Airport as then existing; and <br />~c~ in the opinion of the Airport Consultant, such <br />use or disposition will not cause the City to fail to comply <br />with its covenants in Section 5.1.1 hereof, <br />5.2.11.?, In the event any Airport properties shall be <br />taken by the exercise of the power of eminent domain, the amount <br />of the award received by the City as a result of such taking <br />shall be credited to the Operating Account and used either for <br />the acquisition or construction of revenue-producing Airport <br />properties or to redeem or purchase Bonds. .So long as the Series <br />Page 38 - Ordinance <br />