5. DEPOSIT. At the time this Agreement is executed by Tenant, a security deposit has

City Commission Meeting · 2026-04-13 · agenda_item

This item concerns a security deposit agreement for a hangar. The tenant will provide a security deposit to the landlord, held in a non-interest-bearing account. This deposit ensures the hangar is maintained and returned in good condition. The landlord may use the deposit to cover cleaning, repair costs, unpaid rent, or utility charges. If the deposit is insufficient, the landlord can seek the remaining balance from the tenant. This is a contractual agreement review, not a construction project. Therefore, there are no direct construction or trade opportunities at this time. Businesses interested in future opportunities related to hangar maintenance or repair should monitor future agreements and potential tenant needs.