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4th Extension 03/21/2012 DANNY L. KOLHAGE CLERK OF THE CIRCUIT COURT DATE: March 28, 2012 TO: Reggie Paros, Manager Florida Keys Marathon Airport ATTN: Julie Thomson, Executive Assistant FROM: Isabel C. DeSantis, D.C. id" At the March 21, 2012 Board of County Commissioner's meeting the following was approved: Item C12 Board granted approval and authorized execution of an Agreement between the University of Miami on behalf of its Tissue Bank, the District 16 Medical Examiner's Office and the Monroe County Board of County Commissioners regarding use of the Medical Examiner's Facility for cadaveric donor tissue procurement Operations. Item C13 Board granted approval and authorized execution of a Fourth Extension of Time to Lease Amendment with Coast FBO, LLC, Fixed Base Operator (FBO), at Florida Keys Marathon Airport. Enclosed are duplicate copies of the above - mentioned for your handling. Should you have any questions please do not hesitate to contact this office. cc: County Attorney Finance File FOURTH EXTENSION OF TIME TO LEASE AMENDMENT This Fourth Extension Of Time To Lease Amendment is entered into this 21 day of March, 2012, by and between MONROE COUNTY, a political subdivision of the State of Florida, whose address is 1100 Simonton Street, Key West, Florida 33040 (hereafter COUNTY), and COAST FBO, LLC., a corporation, whose address is 8800 Overseas Highway, Marathon, Florida 33050 (hereafter FBO). WHEREAS, on April 6, 1998, the COUNTY entered into a 20 year lease (the Original Lease) with the FBO's predecessor in interest whereby the FBO is to provide fixed base operations service at the Florida Keys Marathon Airport (FKMAP). A copy of the original lease is attached as Exhibit A and made a part of this amendment; and WHEREAS, the original leasehold has been conveyed and the lease has been assigned to the FBO; and WHEREAS, the FBO'S predecessor in interest executed a lease amendment dated December 19, 2001 in order to provide additional hangar and ramp space; and WHEREAS, by its terms, the December 19, 2001 amendment became void when the FBO's predecessor in interest failed to build a hangar within 2 years of the effective date of the amendment; and WHEREAS, the predecessor in interest continued to occupy and use the leasehold parcel as a ramp area on a month to month tenancy which the FBO has continued; and WHEREAS, on April 15, 2009, the FBO and the County executed a new lease amendment which requires that the FBO build a corporate hangar on said parcel within 2 years of the execution of the new lease amendment: and WHEREAS, the FBO desires to build a corporate hangar in excess of 5,000 square feet which, under County land development regulations, will require a major conditional use permit; and WHEREAS, a major conditional use is a prolonged permitting process; and WHEREAS, the FBO has requested that the major conditional use permit processing time be excluded from the 2 year time deadline set forth in the April 15, 2009 Lease Amendment; and WHEREAS, the County and the FBO entered into an Extension of Time to Lease Amendment to allow the major conditional use permit process to run its course without penalty to the FBO; and WHEREAS, market conditions have impacted the viability of building a corporate hangar and the FBO has requested additional time to build the hangar, therefore In consideration of the mutual covenants and promises set forth below, the parties agree as follows: SECTION 1. The FBO shall submit a complete major conditional use permit application by March 30, 2014. This Fourth Extension Of Time To Lease Amendment shall become void if a major conditional use permit application is not submitted by the aforesaid date. If a major conditional use permit application is not submitted by the aforesaid date the FBO shall be bound by the terms of April 15, 2009 Lease Amendment. For purposes of this amendment void shall be defined as "an instrument which is wholly ineffective, inoperative, and incapable of ratification and which thus has no force or effect so that nothing can cure it." Black's Law Dictionary, 6 edition (1991). SECTION 2. The FBO shall have 2 years from the date the FBO has been informed by the County that the major conditional use has been approved and the major conditional use permit is available for pick up, to build the hangar and obtain a certificate of occupancy. SECTION 3. Except as specifically provided for in this Fourth Extension Of Time To Lease Amendment, all of the terms and conditions of the April 15, 2009 Lease Amendment and the April 6, 1998 Original Lease remain in full force and effect. 2 • IN WITNESS WHEREOF, each party has caused this Agreement to be executed by its duly authorized representative the date first written above. (SEAL) BOARD OF COUNTY COMMISSIONERS ATTEST: DANNY L. KOLHAGE, CLERK OF MONROE COUNTY, FLORIDA 4# 0* . ___-_. J y 4.[r�.� aide. a►,n S) By . Deputy Clerk Mayor David Rice ATTEST: COAST FBO, LLC. �tst �I (Om By . it By / ------ ,k , - -- � T itle Q - c't-`- e� Title i N �S� C ` MO - O 7 COUNTY A r 'a R . EY 10 .., N., •PP'OV / AS Tr • / N `*1 P : - : ADO co TANT COL; ATTORNEY w C 2. Date .c• o U CD 3