6. Lease Buy Out 06/19/2013 yam L
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r ?. . �®4 CLERK OF CIRCUIT COURT & COMPTROLLER 44 t. . MONROE COUNTY, FLORIDA .,,,,:
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DATE: June 27, 2013
TO: Peter Horton, Director
of Airports
ATTN: Judy Layne, Senior Coordinator
Airport Grants and Finance
r
F R O M : Pamela G. Hanc i r i . C.
At the June 19, 2013, Board of County Commissioners meeting, the Board granted approval of
the following:
Item C22 Ratification of the previously executed Florida Department of Transportation Joint Participation
Agreement for Contract #AR045 (security upgrades at The Florida Keys Marathon Airport). Enclosed is a fully
signed original for your records.
Item C25 Board granted ratification of Lease Extension Agreement with Greyhound Lines, for space at the
Key West International Airport. Enclosed is a copy for your handling.
Item C28 Board granted approval of Lease Buyout Agreement between the Marathon Flying Club and
Monroe County. Enclosed is a duplicate original for your handling. Also, please note that the pages were listed
as 11 & 12 instead of 1 & 2. I did not change this because this is the way it was presented to the Board.
Should you have any questions, please feel free to contact our office.
cc: County Attorney w/o documents
Finance
File
500 Whitehead Street Suite 101, PO Box 1980, Key West, FL 33040 Phone: 305 -295 -3130 Fax: 305- 295 -3663
3117 Overseas Highway, Marathon, FL 33050 Phone: 305 -289 -6027 Fax: 305 -289 -6025
88820 Overseas Highway, Plantation Key, FL 33070 Phone: 852 -7145 Fax: 305- 852 -7146
LEASE BUYOUT AGREEMENT
FLORIDA KEYS MARATHON AIRPORT
MARATHON FLYING CLUB, INC.
THIS LEASE AGREEMENT made and entered into this 19 day of June, 2013 by
and between Monroe County, a political subdivision of the State of Florida, whose address is
9400 Overseas Highway, Suite #200, Marathon, FL 33050, hereafter "County ", and
Marathon Flying Club, Inc., a Florida corporation, whose address is PO Box 501514,
Marathon, FL 33050, hereafter "Tenant" or "Lessee ".
WHEREAS, Lessee and County entered in to a Lease Agreement dated October 15,
1997, and;
WHEREAS, County desires to exercise its right to relocate Lessee's Hangar, and;
WHEREAS, County has offered and Lessee has agreed to a buyout of the remaining
term of Lessee's lease, and;
WHEREAS, County and Lessee have agreed to the terms for a new hangar lease at
the site where the hangars are being relocated
NOW, THEREFORE, the parties agree as follows:
1. TERMINATION OF AGREEMENT. The Lease Agreement dated October 15,
1997 between County and Lessee is hereby terminated with neither party having any further
duties, rights, obligations or liabilities from the terms and conditions thereunder.
2. CONSIDERATION. County shall pay Lessee $104,538.42 in accordance with
the terms of the June 19, 2013 Lease Agreement. Lessee agrees to accept this amount as
payment in full for the remaining term of the lease agreement between County and Lessee
dated October 15, 1997.
3. NO FURTHER OBLIGATION. County and Lessee agree that upon execution
of this agreement that neither party has any further duties, rights, obligations or liability
under the terms and conditions of the October 15, 1997 Lease Agreement.
11
IN WI SS WHEREOF, the parties have caused this lease to be executed this / 9 day of
7=
2013.
(SEAL) BOARD OF COUNTY COMMISSIONERS
ATTEST: AMY HEAVILIN, CLERK
B 1 - ►.,...�
Clerk
WITNESSES:
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OF MONROE COUNTY, FLORIDA
Mayor /Chairperson
LES E: arathon Flying Club, Inc.
Title: 2
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