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ORDER OF THE BOARD OF ALDERS OF THE CITY OF NEW HAVEN APPROVING AN AMENDED AND RESTATED LEASE AND OPERATING AGREEMENT BY AND BETWEEN THE CITY OF NEW HAVEN AND TWEED NEW HAVEN AIRPORT AUTHORITY AND ORDINANCE AMENDMENT REPEALING SECTION 4-70 OF THE CODE OF GENERAL ORDINANCES
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WHEREAS, the Tweed New Haven Airport Authority (the "Authority") is a public instrumentality and political subdivision of the State, created pursuant to and having the purpose and powers set forth in Chapter 267a, Sections 15-120g through 15-120o, including but not limited to the general operation of Tweed New Haven Airport (the "Airport"); and
WHEREAS, the City of New Haven (the "City") is the owner of the land upon which the Airport is situated, the present configuration of which is attached hereto as part of the Amended and Restated Lease (as defined herein); and
WHEREAS, the Authority and the City entered into a Lease Agreement (the "Original Lease") effective July 1, 1998; and
WHEREAS, pursuant to the provisions of the Act, the Authority is responsible for the operation and management of the Airport and accordingly, the City and the Authority negotiated the Original Lease transferring the assets of the City located at the Airport and the responsibilities for operation of the Airport previously assumed by the City to the Authority; and
WHEREAS, the Authority has been in negotiation with a private investor which has offered to expend private funds to enhance the infrastructure of the Airport and expand commercial air service and provide funding all related to implementation of an updated Master Plan for the Airport; and
WHEREAS, a long-term extension of the Original Lease is necessary in order to assure the investment of said private funds is carried out in a responsible manner particularly with respect to environmental and community matters such as noise, traffic, stormwater management and costal habitat protection and, accordingly, the Authority and the City have negotiate...
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