01. 04/01/1995 to 03/31/1997 03/29/1995BRANCH OFFICE
3117 OVERSEAS HIGHWAY
MARATHON, FLORIDA 33050
TEL. (305) 289-6027
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CLERK OF THE CIRCUIT COURT
MONROE COUNTY
500 WHITEHEAD STREET
KEY WEST, FLORIDA 33040
TEL. (305) 292-3550
MEMORANDUM
TO: Peter Horton, Director
Division of Community Services
FROM: Ruth Ann Jantzen, Deputy Clerk "A
DATE: June 9, 1995
BRANCH OFFICE
88820 OVERSEAS HIGHWAY
PLANTATION KEY, FLORIDA 33070
TEL. (305) 852-7145
On March 15, 1995, the Board of County Commissioners granted approval and
authorized execution of a Lease Agreement between Monroe County and Federal
Express, for the existing terminal building and parking area at the Marathon Airport.
Enclosed please find a fully -executed, duplicate original of the aboave contract
for return to Federal Express.
If you have any questions concerning the above, please do not hesitate to contact
me.
Enclosure
cc: County Attorney
Finance
County Administrator, w/o document
File
1
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LEASE AGREEMENT
MARATHON AIRPORT
THIS CONTRACT OF LEASE is made and entered into on the 29th day of
March , 199 5 , by and between MONROE COUNTY, a political
subdivision of the State of Florida, hereinafter referred to as "County" or "Lessor"
and FEDERAL EXPRESS CORPORATION, hereinafter referred to as Lessee.
WHEREAS, Lessor owns an airport known as the Marathon Airport, located
in Marathon, Monroe County, Florida, hereinafter referred to as "Airport," and
-n
40#11116- WHEREAS, Lessee is engaged in the business of air transpogaVn o ars_
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-rei+and other property, and
WHEREAS, Lessee desires to obtain certain rights, services grid privileges
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connection with the use of the Airport facilities, and the Lessor is.WIltng tvgrant
and lease the same to Lessee on a non-exclusive basis, upon the terms and
conditions hereinafter stated,
NOW, THEREFORE, in consideration of the premises and of the mutual
covenants and agreements herein contained, and other valuable
considerations, Lessor does hereby grant and lease unto Lessee, and Lessee
does hereby lease from Lessor, certain premises, facilities, rights, and privileges in
connection with and on the Airport, as follows, to wit:
ARTICLE I - PREMISES
Lessor does hereby lease to Lessee, and Lessee leases from the Lessor, the
existing terminal building (air cargo building) presently located at the Airport,
measuring 2,000 square feet, and nine thousand five hundred sixty-five square
feet of unimproved areas around the building, as indicated on the drawing
labeled as Exhibit "A" attached hereto and made a part hereof.
ARTICLE II - USE OF THE AIRPORT
Lessee shall be entitled to use, in common with others authorized to do so,
the airport facilities and appurtenances, together with all equipment,
improvements, and services which have been or may hereafter be provided at
or in connection with the Airport for common use, in the operation of a business
for the transportation of cargoeffteii•and other property by air.
ARTICLE III - TERM V(�Vv
The term of this lease shall be twenty-four (24) months, commencing
April 1, 1995 , and ending on March 31, 1997
ARTICLE IV - RENTALS AND FEES
During the term of this lease, Lessee shall pay to the Lessor, rent as follows:
1. the amount of ten dollars ($10.00) per square foot, for the area of
two thousand (2,000) square feet, in the existing terminal area plus patios (air
cargo building) for a total of Twenty Thousand Dollars ($20,000) per annum, plus
applicable sales tax, and
2
2. the amount of thirty-four and 5/10's cents ($0.345) per square foot
for an area of nine thousand five hundred sixty-five (9,565) square feet of
unimproved land around the air cargo building, for use for loading, unloading,
and parking of automotive vehicles, for a total of Three Thousand Three
Hundred Fifty and 00/100 Dollars ($3,300.00) per annum, plus applicable sales
tax.
Rental rates are subject to revision each year in accordance with the
airport standard rates and charges, and in accordance with the percentage
change in the Consumer Price Index (CPI) for Wage Earners and Clerical
Workers in the Miami, Florida, area index, and shall be based upon the annual
average CPI computation from January 1 through December 31 of the previous
year.
Rent for items 1 and 2 shall be paid in equal installments, each of which
shall be due and payable on or before the first day of each calendar month
during which this lease is in effect. Upon the failure of Lessee to pay any
installments when due, the Lessor will be entitled to charge and collect, and
Lessee will be obligated to pay, a late fee of two percent (2%) of any such
amount, if paid within thirty (30) days of the date due, and five percent (5%) of
any such amount, not paid within thirty (30) days of the date due. Such late
fees will be in addition to the amount of rent due. The acceptance by the
Lessor of the overdue rental installment plus applicable late fees shall cure what
3
would otherwise constitute a default by Lessee under the terms of this lease.
The Lessor, at its option, however, may refuse a proffered overdue rental
installment and late fees, declare a default, and proceed according to
paragraph 14 of this lease. In the event that any check, draft, or negotiable
instrument by which Lessee has tendered any rent payment is returned to the
Lessor and not honored, whether for insufficient funds or other reason, the Lessor
will be entitled to charge and collect, in addition to any applicable late
payment fees as provided above, a fee of Twenty -Five Dollars ($25.00) for such
dishonored instrument. Such penalty fee shall also be in addition to the amount
of rent due. The acceptance by the Lessor of the rental payment plus any
applicable late fee and penalties following the receipt of a dishonored
instrument shall cure what would otherwise constitute a default under the terms
of this lease. The Lessor, at its option, however, may refuse any proffered rental
installment and applicable late fees and penalties, declare a default, and
proceed according to paragraph 14 of this lease.
ARTICLE V - SECURITY DEPOSIT
In addition to the rent payment as provided above, Lessee shall maintain
with the Lessor, the sum deposited, to -wit: an amount of Twenty-five Hundred
Dollars ($2,500.00), which the Lessor will hold as a security deposit. In the event
of any breach by Lessee of any of the terms of this agreement, including any
failure to timely pay any rent due, the Lessor may draw upon the monies held
4
by the Lessor as security, to pay and cover any amounts due and owing from
Lessee.
ARTICLE VI - GUARANTEE OF SUBCONTRACTOR RESPONSIBILITY
Lessee has subcontracted certain services to be provided by a
subcontractor, Mountain Air Cargo, using Lessee's airplane. Lessee guarantees
fulfillment of any payments for which Mountain Air Cargo shall become
obligated and not pay to the Lessor under a separate agreement between
Lessor and subcontractor in connection with the subcontracted services.
ARTICLE VII - LEASEHOLD IMPROVEMENTS AND USE
Lessee shall have the right to occupy the existing terminal (air cargo
building) measuring two thousand (2,000) square feet, and an area of ten
thousand (10,000) square feet of unimproved land adjacent to the existing
terminal (air cargo building), as shown on Exhibit "A" attached hereto and
made a part hereof.
Lessee may only utilize the leased building to provide counter space for
members of the public desirous of using Lessee's, cargo and package
services and for the operation of a business engaged in the transportation of
cargoes and other property by air. While premises are leased to Lessee for
parking, Lessee shall not park or place automotive vehicles in any space on the
premises unless it has been designated by the Lessor for parking. The Lessor shall
5
cooperate with the Lessee in designating a reasonable number of parking
spaces to accommodate Lessee's business traffic.
ARTICLE VIII - COMMON AREAS
Lessee shall have the right to use, in common with others, the Airport
space and facilities to permit landing, taking off, loading, unloading and
servicing of Lessee's aircraft, subject to reasonable rules and regulations of
Lessor as to the use of such common spaces and facilities.
ARTICLE IX - RIGHT OF INGRESS AND EGRESS
Lessee, its agents, employees, customers, suppliers, and patrons shall have
the right of ingress and egress to and from the leased premises, which shall not
be unreasonably restricted by Lessor.
ARTICLE X - UTILITIES
Lessee shall be responsible for the payment of electrical service, water
service, trash and septic tank servicing and similar utility services as needed.
ARTICLE XI - ASSIGNMENT
The premises leased hereunder may not be sublet and this lease may not
be assigned without the written consent of the Lessor.
ARTICLE XII - MAINTENANCE OF PREMISES
Lessee shall be responsible for and shall properly maintain the leased
premises, and upon the termination of this lease, shall leave the premises in at
least as good condition as at the time of the commencement of this lease,
0
normal use and occupancy excepted. Lessee shall also be responsible for and
shall properly maintain the security fences and gates surrounding the leased
premises and any remodeling or construction performed to or on the premises
leased hereunder.
ARTICLE XIII - INDEMNIFICATION/HOLD HARMLESS
(a) Lessee agrees to indemnify and save Lessor harmless from and
against all claims and actions and expenses incidental thereto, arising out of
damages or claims for damages resulting from the negligence of Lessee, its
agents, or employees in the use or occupancy of the leased premises and the
common areas of the Airport facilities by Lessee.
The extent of liability is in no way limited to, reduced, or lessened by the
insurance requirements contained elsewhere within this agreement.
(b) Prior to Lessee taking possession of the property owned by the
Lessor, Lessee shall obtain, at its own expense, insurance as specified in the
attached schedules, which are made a part of this lease agreement.
The Lessee will not be permitted to occupy or use the lease property until
satisfactory evidence of the required insurance has been furnished to the Lessor
as specified below.
Lessee shall maintain the required insurance, throughout the entire term of
this lease agreement, and any extensions, as specified in the attached
schedules. Failure to comply with this provision may result in the immediate
7
termination of the lease agreement and the return of all property owned by the
Lessor.
Lessee shall provide to the Lessor as satisfactory evidence of the required
insurance, either:
* Certificate of Insurance
or
* A certified copy of the actual insurance policy.
Lessor, at its sole option, has the right to required a certified copy of any or
all insurance policies required by this contract.
All insurance policies must specify that they are not subject to
cancellation, non -renewal, material change, or reduction in coverage unless a
minimum of thirty (30) days prior notification is given to the Lessor by the insurer.
The acceptance and/or approval of the Lessee's insurance shall not be
construed as relieving the Lessee from any liability or obligation assumed under
this contract or imposed by law.
The Monroe County Board of County Commissioners will be included as
"Additional Insured" on all policies. Lessee shall carry its insurance with
Insurance companies authorized to do business in the State of Florida.
Any deviations from these General Insurance Requirements must be
requested in writing on the County prepared form entitled "Request for Waiver
of Insurance Requirements" and be approved by Monroe County Risk
Management.
,:3
ARTICLE XIV - DEFAULT
Unless the Lessor has accepted a rental installment after it has become
due together with any applicable late payments and penalties, the failure to
pay rental installments when due shall constitute a default under the terms of
this lease. The failure to pay any other charges or fees when due under this
lease shall constitute a default. Further, the failure of Lessee to perform any
other of the covenants of this lease, which failure shall continue for a period of
fifteen (15) days after notice thereof is given to Lessee in writing by the Lessor,
shall also constitute a default under the terms of this lease. In the event of a
default, Lessor may, at its option, declare the lease forfeited and may
immediately re-enter and take possession of the leased premises and this lease
shall terminate. If it shall be necessary to employ the services of an attorney in
order to enforce its right under this paragraph, or to collect any of its rentals,
fees, or charges due, Lessor shall be entitled to reasonable attorney's fees.
ARTICLE XV - CANCELLATION OF LEASE
Lessor may cancel this lease agreement by giving Lessee sixty (60) days
advanced written notice upon the happening of any one of the following
events: the appointment of a receiver of Lessee's assets; the divesting of
Lessee's leasehold estate by other operation of law; the abandonment by
Lessee of its air cargo transportation business at the Airport for a period of sixty
(60) days. By the end of the sixty (60) day notice period, Lessee shall have
9
vacated the premises and the Lessor may immediately re-enter and take
possession of the same. If it is necessary to employ the services of an attorney in
order to enforce the Lessor's rights under this paragraph, the Lessor shall be
entitled to reasonable attorney's fees.
ARTICLE XVI - FAA REQUIREMENTS
The parties shall comply with FAA Required Lease Clauses, which are listed
in Exhibit "B," attached hereto and made a part hereof.
IN WITNESS WHEREOF, the pyKes have caused this lease to be executed
this � day of 1_ I t&Kc.K , 199 .
(SEAL)
ATTEST: DANNY L. KOLHAGE, CLERK
Ii0 /
Witness
WAIR/fedex.doc
MONROE COUNTY BOARD OF COUNTY
COMMISSIONERS
•
By
Mayor/airman
FEDERAL EXPRESS CORPORATION
Title -
APP^o`JE-D AS Tr? r
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FAA REQUIRED LEASE CLAUSES
1. This lease shall be subject to review and re-evaluation
at the end of each 1 year period, by the airport
owner and the rent may be..adjusted according to their
action, not to exceed the Consumer Price Index rate
during the last /�_ month period, or;
Land less improvements will be appraised every 5 years
and the adjusted rental will be based -on normally 10-12
percent of appraised value. If disputed, lessor
obtains appraisal at his expense and lessor/lessee
equally share expense for review appraisal that
establishes fair market value.
2. The tenant for himself, his personal representatives,
successors in interest, and assigns, as a part of the
consideration hereof, does hereby covenant and agree
that (1) no person on the grounds of race, color, or
national origin shall be excluded from participation
in, denied the benefits of, or be otherwise subjected
to discrimination in the use of said facilities, (2)
that in the construction of any improvements on, over
or under such land and the furnishing of services
thereon, no person on the grounds of race, color, -or
national origin shall be excluded from participation
in, denied the benefits of, or be otherwise subjected
to discrimination, (3) that the tenant shall use the
premises in compliance with all other requirements
imposed by or pursuant to Title 49, Code of Federal
Regulations, Department of.Transporta+-?on, Subtitle A,
Office*of the Secretary, Part 21, Nondiscrimination in
Federally -assisted programs of the Department of
Transportation -Effectuation of Title VI of the Civil
Rights Act of 1964, and as said Regulations may be
amended.
That in the event of breach of any of the above
nondiscrimination covenants, Airport Owner shall have
the right to terminate the lease and to re-enter and
if said lease had never been made or issued. The
provision shall not be effective until the procedures 3
of Title 49, Code of Federal Regulations, Part 21 are-._
followed and completed including exercise or expiration
of appeal rights.
QV.
Y 3. It shall be a condition*of this lease, that the lessor
reserves unto itself, its successors and assigns, for
the use and benefit of the public, a right of flight
for the passage of aircraft in the airspace above the*
surface of the real property hereinafter described,
together with the right to cause in said airspace such
noise as may be inherent in the operation of aircraft,
now known or hereafter.used, for navigation of or
flight in the said airspace, and for use of said
airspace for landing�on, taking off from or operating
on the airport.
That the Tenant expressly -agrees for itself, its
successors and assigns, to restrict the height of
structures, objects of natural growth and other
obstructions on the hereinafter described real property
to such a height so as to comply with Federal.Aviation
Regulations, Part 77.
That the Lessee expressly agrees for itself, its
successors and assigns, to prevent any use of the
hereinafter described real property which would
interfere with or adversely affect the operation or
maintenance of the airport, or otherwise constitute an
airport hazard.
4. This lease and all provisions hereof are subject and
subordinate to the terms and conditions of the
instruments and documents under which the Airport Owner
acquired the subject property from the United States of
America and shall be given only such effect as will not
conflict or,be inconsistent with the terms and
conditions contained in the lease of said lands from
_ the Airport Owner, and any existing or subsequent
amendments thereto, and are subject to any ordinances,
rules or regulations which have been, or may hereafter
be adobted by the Airport Owner pertaining to the
r Airport.
5. Notwithstanding anything herein contained that may be,
or appear to be, to the contrary, it is expressly
understood and agreed that the rights granted under
this agreement are nonexclusive and the Lessor herein
reserves the right to grant similar privileges to
another Lessee or other Lessees on other parts of the
airport.
April 22. 1993
lst M116rii;
ALL RISK PROPERTY
INSURANCE REQUIREMENTS
FOR
LEASES/RENTALS OF
COUNTY -OWNED PROPERTY
BETWEEN
MONROE COUNTY, FLORIDA
AND
Prior to the Organization/Individual taking possession of the property governed by this
lease/renW agreement, the Organization/Individual shall obtain All Risk Property Insurance (to
include the perils of Flood and Wind) with limits no less than the Replacement Cost Value of the
property leased or rented. Coverage shall be maintained throughout the life of the Lease/Rental
Agreement and include, as a minimum, liability coverage for:
Fire Lightning Vandalism
Sprinkler Leakage Sinkhole Collapse Falling Objects
Windstorm Smoke Explosion
Civil Commotion Aircraft and Vehicle Damage Flood
'fhe Monroe County Board of County Commissioners shall be named as Additional Insured and
Loss Payee on all policies issued to satisfy the above requirements.
Administrative lrtititnjdkm
"709.1
7
37
April 22. 1993
W 1'rilrinc j "
GENERAL LIABILITY
INSURANCE REQUIREMENTS
FOR
CONTIZAt',:T
Bil,'IWEEN
MONROE COUNTY, FLORIDA
AIND
Prior to. the cQmmencement of work governed by this contract, the Contractor slt<111 obtain
General Liability Insurance. Coverage shall be maintain include, as a minimum: ed throughout the life of the contract and
• Premises Operations
Products and Completed Operations
• Blanket Contractual Liability
• . Personal Injury Liability
• Expanded Definition of Property Damage
The minimum limits acceptable shaiI be:
$1,000,000 Combined Single Limit (CSL)
llsplit limits arc provided, the minimum limits acceptable shalt be:
S 500,000 per Person •
S 1,000,000 per Occurrence
S 100,000 Property Damage
An Occurrence Dorm policy is preferred, ircoverage is provided on Claims Made policy, its
provisions should include coverage for claims tiled on or after the effective date of this contract.
In addition, the Period for which claims may be reported should extend ibr a minimum of twelve
,(I . ) months following the acceptance of work by the County.
The Monroe County Board of County Commissioners shall be named as Additional Insured on
policies issued to satisfy the above requirements. all
a
AJminim-tive In nkji,,
"707.1
GL3 I
April 2L I'M
lid lYirwing
• VEHICLE LIABILITY
INSURANCE REQUIREMENTS
., FOR
CONTRACT
I3ETNVEEN
MONIZOE COUNTY, FLORIDA
AND
Recognizing that the work governed by this contract requires the use of vehicles, the Contractor,
prior to the commencement of work; shalt obtain Vehicle Liability Insurance. Coverage shall be
maintained throughout the are of the contract and include, as a minimuln, liability coverage for.
Owned, Non -Owned, and Ilired Vehicles
The minimum limits acceptable shalt be:
$1,000,000 Combined Single'Limit (CSL)
If split limits are provided; the minimum limits acceptable shall'be:
S 500,000 per Person
S1,000,000 per Occurrence
S 100,000 Property Damage
The Monroe County Board of County Commissioners shall be named as Additional Insured on all
policies issued to satisfy the above requirements.
11
AJaanixualive hsdnu ien V L3
pA7W.1 1
77
ARKWRIGHT
04/20/95
Monroe County Board of
County Commissioners
5100 College Road
Key West, FL 33040
Re: Federal Express Corporation
Arkwright Mutual Insurance Company
Policy No. 09020075
Received
Risk Mbmt. & Loss's Control
DATE
INITIAL
Arkwright Mutual
Insurance Company
2200 Century Parkway
Suite 300
Atlanta, GA 30345-3103
404 679 3800
FAX 404 636 2663
OMB
MAY 1 1995
Attached is the Property Insurance Certificate for the facility located in
MARATHON,FL.
Should you have any questions after your review, please contact me.
Best Regards,
Laura A. Tallant
Account Assistant/Sales
572
cc: Ms. Paula Watson
Federal Express Corporation
Risk Management Department
Box 737-2132
Memphis, TN 38194
(901) 395-4370
ARkWMGHT
Certificate Number: M-990/572
Lease Number: 9508580000
Certificate of
Insurance
Arkwright Mutual
Insurance Company
2200 Century Parkway
Suite 300
Atlanta, GA 30345-3103
404 679 3800
FAX 404 636 2663
This certifies that this Company insures the property listed below in
accordance with the terms and conditions of the below referenced Policy and
Endorsements attached thereto. This Certificate of Insurance does not amend,
extend, or otherwise alter the terms and conditions of insurance coverage
provided by such Policy.
Policy Amount of Coverage Policy Interest
Number Insurance Eff. Date Exp. Date Eff. Date
09020075 394,800 12/01/94 12/01/95 03/15/95
Named of Insured:
Location Address:
Property Covered:
Type of Insurance:
Comments:
Certificate Issued To
Address:
FEDERAL EXPRESS CORPORATION
9000 OVERSEAS HIGHWAY
MARATHON,FL
Real and Personal, on a repair or replacement
basis.
All Risks of Physical Loss or Damage
Building Value: $192,800
Loss of Rents : $25,000
Monroe County Board of
County Commissioners
5100 College Road
Key West, FL 33040
Nature of Interest(s): Additional Insured
(12 Months)
AFPRO`JED BY RISK MAN ,UMENT c�.T
" R: N/A YES
(C)
Date: 04/20/95 Authorized Signature: D
572
SENTRY INSURANCE A MUTUAL COMPANY
STEVENS POINT, WISCONSIN
(A PARTICIPATING MUTUAL COMPANY)
A MEMBER OF THE SENTRY FAMILY OF
INSURANCE COMPANIES
Received
Risk Mgmt. & Loss Control
DATE a 6`19IV`
CERTIFICATE OF INSURANCE
ACCOUNT NUMBER 90-01652
This certificate is issued as a matter of information only and confers no
rights upon the certificate holder. This certificate does not amend, extend
or alter the coverage afforded by the policies below.
Name and Address of
Certificate Holder
------------------
COUNTY OF MONROE
MONROE COUNTY RISK MANAGEMENT
5100 COLLEGE ROAD
KEY WEST, FL 33040
Name and Address
of the Insured
------------------
FEDERAL EXPRESS CORPORATION
2007 CORPORATE PLAZA
THIRD FLOOR
MEMPHIS TN 38132
This certificate is issued on 08-16-94 and is effective until 08-16-95. It
certifies that policies of insurance listed below have been issued to the
insured named above. Notwithstanding any requirement, term or condition of
any contract or other document with respect to which this certificate may be
issued or may pertain, the insurance afforded by the policies described herein
is subject to all the terms, exclusions, and conditions of such policies.
Limits shown may have been reduced by paid claims.
Coverage Provided Policy Number All Limits in Thousands
----------------- ------------- -----------------------
AUTOMOBILE LIABILITY 90-01652-02 EACH ACCIDENT $ 51000
INCLUDES: BODILY INJURY
AND PROPERTY DAMAGE COMBINED
-ANY AUTOS
-OWNED AUTOS
-NON OWNED AUTOS APPROVED BY RISK MANAGEMENT
BY Cfla
rBc-YEr!a
CERTIFICATE HOLDER APPLIES AS AN ADDITIONAL INSURED. DATE
RTCE ED
-� + , 61 1995
AIRPORTS[(
Should any of the above described policies be cancelled before the
expiration date thereof, the issuing company will mail 30 days written
notice to the certificate holder named above.
FED 90-01652
12-21-94
PAGE 001
80-C1035
/_/4,V-S R"LL
VC C
01T 1
Certificate of Insurance No. 699
'
This certificate is issued as a matter of information only and confers no rights upon the
certificate holder.
This certificate does not amend, extend or alter the coverage afforded by the policies listed
below.
®
This certificate replaces any other previously issued by this company for this insured.
Cancellation: Should any of the described policies be cancelled, the issuing company will
endeavor to mail 30 days written notice to the below named certificate holder.
Named Insured:
Additional Insured:
Federal Express Corporation
MOUNTAIN AIR CARGO is included as additional insured as respects any Cessna 208
P. O. Box 727-2132
aircraft owned, maintained, or used by MOUNTAIN AIR CARGO on behalf of Federal
Memphis, Tennessee 38132
Express Corporation.
..................................................................................................................................................................................................................................................................
..
Monroe County, Florida Received
Alexander & Alexander of Texas, Inc.
Attn: Airport Business Office it,st� Mgmt. & Loss Control
717 N. Harwood
5100 College Road
`��_4/�l
19th Floor - Lock Box #8
Public Service Building, Cross Wing Room 00DATE
Dallas, Texas 75201
Key West, FL 33040
Telephone: (214) 880-0321
INITIAL
Type of;Cavergge:
.:.:iimitc. of iLiatiility _ .
Palicy Period
iusttranee Compatq+h Paley Numher ;
A. AIRCRAFT LIABILITY in respect of
$20,000,000
11/01/94-95
La Concorde Group - 94/19438 (65%)
all aircraft owned, leased, or operated by
Bodily Injury & Property
(through La Reunion Aerienne)
the Named Insured, worldwide.
Damage Combined
National Union Fire Insurance Co. (25%)
B. AIRCRAFT HULL INSURANCEin respect
of Pittsburgh, PA - AV3227181
of all insured aircraft owned or leased by the
Named Insured, worldwide.
Insurance Company of North America 10%
ATA014058
C. COMPREHENSIVE GENERAL
$20,000,000
100%
LIABIUMN in respect of all Ground
Bodily Injury & Property
Operations of the Named Insured, including
Damage Combined
Premises Operations, Contractual, Products
and Completed Operations.
D. COMPREHENSIVE AUTOMOBILE
LIABILITY in respect of all Owned, Hired
and Non -Owned Automobiles.
E. EXCESS AIRCRAFT LIABILITY in respect
$30,000,000
08/01/94-95
American Home Assurance Company
of all aircraft owned, leased or operated by
Excess of
(through AIG Aviation) - H1531451 (5.0%)
the Named Insured, worldwide.
$20,000,000
Subscribing Cos. of Somerset Aviation, Inc.
A0017/01/94 (5.5%)
Compagnie d'Assurances Maritimes Aeriennes
94.0821 (22.5%)
La Concorde Group (through La Reunion
Aerienne) - 94/18822 (32.0%)
CIGNA Insurance Company of Texas
ATA014019 (10.0%)
Underwriters at Lloyd's & British Companies
AM9430581 (18.0%)
Subscribing Lloyd's Underwriters for
percentages as on file with Alexander
Howden Aviation being part of 100% of 18.0%
Subscribing members of Institute of London
Underwriters for percentages as on file
with Alexander Howden Aviation being part
of 100% of 18.0%
Subscribing Insurance Companies for
percentages as on file with Alexander
Howden Aviation being part of 100% of 18.0%
APPROVED BY RISK MANAGENT
�
C) �� G
New York Marine &General Ins. Co. and
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various subscribing companies
MMO-11062AV594 (3.5%)
DATE —// —f
Skandia International Insurance Co.
FM94HCOAl 3.5%
WAWFR: N/A YES
100%
Each of the above Insurers, Individually, has authorized Alexander & Alexander of Texas, Inc. to issue this certificate on its behalf. Alexander & Alexander of
Texas, Inc. is not an insurer and has no liability of any sort under the above policies, nor as a result of the issuance of this Certificate. Each of the above
Insurers is participating .10. its own part at:d not one for the other.
Any Cessna 208 aircraft owned, used, or maintained by Mountain Air Cargo,
Inc. on behalf of Federal Express Corporation.
Date Issued: March 28, 1995
By:
SEyEw►sn.rry LI Rmm NoTfcE
The subscribing insurers' obligations under contracts of insurance to which they subscribe
are several and not joint and are limited solely to the extent of their individual
William David Baker FEa
subscriptions. The subscribing insurers are not responsible for the subscription of any co -
subscribing insurer who for any reason does not satisfy all or part of its obligation.
ATTACHMENT TO CERTIFICATE NO. 699
2. ADDITIONAL INSUREDS: c As required by contract, The Monroe County Board of County Commissioners is included as Additional Insured
with respect to Mountain Air Cargo, Inc. ownership, maintenance or use of any Cessna 208 aircraft on behalf of Federal Express Corporation.