Item C4BOARD OF COUNTY COMMISSIONERS
AGENDA ITEM SUMMARY
Meeting Date: May 21, 2014
Bulk Item: Yes XX No
Division: Airports
Staff Contact Person: Peter Horton
AGENDA ITEM WORDING: Approval of an amendment to the Jet Lag Accessories, LLC lease.
ITEM BACKGROUND: Alexandria Eaton Pierobon, sold her business on March 20, 2014 to Susan
Wallace and the new business entity will be known as Jet Lag KW, LLC. The lease is being amended
to reflect the new business name, update the contact information and to grant the new leaseholder, Ms.
Wallace, a one year renewal in exchange for an increase in the monthly rent and the guaranteed
minimum payment.
PREVIOUS RELEVANT BOCC ACTION:
Approved the original lease and lease renewals dated August 17, 2011, June 21. 2012 and on May 15,
2013.
CONTRACT/AGREEMENT CHANGES:
Changes the business name from Jet Lag Accessories, LLC., to Jet Lag KW, LLC., updates the contact
information and updates the rental fees to reflect the agreed to increases.
STAFF RECOMMENDATIONS:
Approval
TOTAL COST: N/A BUDGETED: Yes XX No
COST TO COUNTY: 0 SOURCE OF FUNDS: N/A
REVENUE PRODUCING: Yes XX No AMOUNT PER MONTH .40 plus �5% of
gross revenue YEAR
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APPROVED BY: County Arty OMW/Purcq�aaing _�4 Risk Management
DOCUMENTATION: Incild XX Not Required
DISPOSITION: AGENDA ITEM #
ONROE COUNTY BOARD OF COUNTY COMMISSIONERS
CONTRACT SUMMARY
Contract #
Contract with: Susan Wallace dba Effective Date: August 1, 2014
Jet Lag KW, LLC Expiration Date: July 31, 2015
Contract Purpose/Description: Rental Space at the Key West International Airport
Contract Manager: Peter Horton # 5200 Airports - Stop # 5
(name) (Ext.) (Department/ Stop)
for BOCC meeting on: May 21, 2014
Total Dollar Value of Contract: $36,785.52
Budgeted?
Grant:
County Match: NA
Estimated Ongoing Costs:
{not included in dollar value above
enda Deadline: May 6, 2014
CONTRACT COSTS
Current Year Portion: $6,130.92
Account Codes: 404-
ADDITIONAL COSTS
For: .
(eg, maintenance, utilities, janitorial, salaries, etc.
CONTRACT REVIEW
Changes
Date In
Needed
Reviewer Date Out
Yes No
Airports Director
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Risk Management
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Comments:
LEASE RENEWAL AGREEMENT
EEMENT
JET LAG
Z' WEST INTERNATIONAL AIRPORT
This Agreement is made and entered into on the 21st day of May, 2014, 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 Susan Wallace, IBA JET LAG KW, LLC., hereinafter referred to as "Lessee"
or "Tenant" whose address is 3493 South Roosevelt Blvd. STE # 8 Ivey West, FL 33040.
WHEREAS, on the 1 8th day of July, 2010, the Lessee's predecessor in interest 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 term ended on July 31, 2010 and; and
WHEREAS, the original agreement was amended and renewed on August 17, 2011 for one
additional year; and
WHEREAS, the original agreement was again renewed for one year on June 21, 2012 and on May
15, 2013;
WHEREAS, on 201h day of March 2014 Jet lag Accessories, LLC., was purchased by Susan
Wallace DBA Jet Lag KW LLC., and, prior to the sale, the former owner requested that the lease be
renewed one more year; and
WHEREAS, the parties have found the original agreement to be mutually beneficial; 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 I" day of August 2014, and
will terminate on the 31" day of July, 2015, 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 $1,324.40 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 $20,892,72 plus sales tax, whichever is
greater, generated by Lessee's operations at retail concession space 217.
Rental payments are due by the I" 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 I" through December 3 1 " 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 ($1741.06) on an arrears basis, Payment shall be
made no later than the 25 1h 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 duty
authorized representative.
(SEAL)
ATTEST: A HEAVILIN, CLERK
WrrNESSES:
if
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
Mayor Sylvia Murphy
LESSEE:
Susan Wallace
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