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R T RUE COPY <br />CERTIFICATION ON LAST PAGE <br />J.R. SMITH, CLERK <br />(1) LANDLORD shall have the right to immediately reenter and take <br />possession of the Leased Premises; and <br />(2) All title to and interest in any structures built and improvements <br />made by TENANT upon the Leased Premises shall vest in LANDLORD. <br />(c) If the project intended for construction on the Leased Premises is a <br />phased project, all construction and phasing shall be in accordance with the applicable <br />laws and ordinances relating to such construction. <br />(d) In advance of any and all construction projects by TENANT on the Leased <br />Premises, TENANT, at Tenant's expense, shall procure and provide LANDLORD with a <br />copy of a Part 77 Airspace Study approved by the Federal Aviation Administration. <br />(e) In advance of any and all construction activity by TENANT on the Leased <br />Premises, TENANT shall provide LANDLORD with copies of each and every permit <br />required and granted for such development, together with a complete set of site plans <br />and construction plans approved by the appropriate governing authority. <br />(f) LANDLORD and TENANT have agreed to the construction of these <br />improvements as a means to facilitate these improvements to Leased Premises leased <br />to TENANT, which improvements are paid for by TENANT'S operation and <br />management. Both parties recognize that these are capital improvements made to <br />enhance airport operations and efficiency, and for the benefit of general aviation and the <br />general public. The costs of such improvements are not rent, they are not payments in <br />lieu of rent, and they are not made for the right to occupy the premises. Rent payment <br />subject to the tax imposed in section 212.031, Florida Statutes, are provided for <br />exclusively in Lease Agreement. <br />Page 16 of 38 <br />N:\Client Docs\Airport\Attachment B\2016.Bebruary.16.ATTACHHENT B.docx <br />