3rd Renewal 05/15/2013LEASE RENEWAL AGREEMENT
JET LAG
KEY WEST INTERNATIONAL AIRPORT
This Agreement is made and entered into on the 15th day of May, 2013, by and between
MONROE COUNTY, a political subdivision of the State of Florida, owner of Key West International
Airport, hereinafter referred to as "Lessor" or "County ", whose address is 1100 Simonton Street, Key
West, Florida, 33040, and Keren Adlen and Dani Tobaly, DBA JET LAG ACCESSORIES, LLC.,
hereinafter referred to as "Lessee" or "Tenant" whose address is 423B Duval Street, Key West, Florida
33040.
WHEREAS, on the 18th day of July, 2010, the parties entered into an agreement for the use of
property more particularly described in exhibit "A ", hereafter original agreement. A copy of the original
agreement is attached to this renewal agreement and made a part of it; and
WHEREAS, the original agreement tenn ended on July 31, 2010; and
WHEREAS, the original agreement was amended and renewed on August 17, 2011 for one
additional year; and
WHEREAS, the original agreement was renewed on June 21, 2012 for the second of (3) one year
terms;
WHEREAS, the parties desire to renew the original agreement for the final (1) year terin; now,
therefore,
IN CONSIDERATION of the mutual promises and covenants set forth below, the parties agree as
follows:
Paragraph 2(a) of the original agreement is amended to read:
2(a) TERM. This agreement will take effect on the 1 st day of August 2013, and
will terminate on the 31 day of July, 2014, unless terminated earlier under another
paragraph of this agreement.
2. Paragraph 3 of the original agreement is amended to read:
3. Rental and Fees
(a) i. Lessee agrees to pay Lessor rent in the amount of $ 022.81 per month plus
tax, including electricity and garbage, for retail concession space 217.
ii. In addition to the rent, Lessee agrees to pay Lessor 5% of the annual gross revenues plus
sales tax, or a guaranteed minimum annual fee of $17,000 plus sales tax, whichever is
greater, generated by Lessee's operations at retail concession space 217.
Rental payments are due by the 1 st day of the month for which the rent is due. An
annual rental payment adjustment shall be made in accordance with the percentage change
in the Consumer Price Index for all urban consumers (CPI -U) for the most recent 12
months available or in accordance with the Airport's standard rates and charges as revised
annually, whichever is greater. The increase will take effect on the anniversary month of
the month when the operation opened for business.
Annual gross revenues are determined on a calendar year basis. A calendar year
shall run from January 1 through December 31 inclusive. Payment of charges under this
subparagraph shall be made in monthly installments. Lessee shall remit, at a minimum,
1/12 of the annual guaranteed minimum ($1416.66.00) on an arrears basis. Payment shall
be made no later than the 25 day of the month payment is due, i.e. January payment by
February 25, February by March 25, etc. In the event the total amount paid during any
calendar year period is less than the greater of the fees set forth in 5a.ii, Lessee shall remit
the difference by February 28 of the year subsequent to the calendar year for which the
charge is due.
Except as set forth in paragraphs one, and two of this Lease Renewal Agreement, in all other respects, the
terms and conditions of the original agreement remain in full force and effect.
IN WITNESS WHEREOF, each party has caused this Agreement to be executed by its duly
authorized representative.
(SEAL)
ATTEST: AMY HEAVILIN, CLERK
Orginally approved @ May 15, 2013 BOCC
meeting - ratified @ June 19, 2013
meeting to include a copy of the
original Lease
P
BOARD OF COUNTY COMMISSIONERS
OF M NROE COUNTY, FLORID
Mayor /Chairman
LESSEE'S:
Kern dlen
N -n
Dani Tobaly
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COUN AT' -ANr-Y
IVED ORM
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