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1st Extension 08/16/2017MARATHON FIXED BASE OPERATOR (FBO) LEASE EXTENSION AGREEMENT MONROE COUNTY COAST FBO, LLC THIS LEASE EXTENSION AGREEMENT is made and entered into this 16 day of August 2017 by and between Monroe County, a political subdivision of the State of Florida, whose address is Marathon Airport, 9400 Overseas Highway, Marathon Florida 33050 (hereafter "County"), and Coast FBO, LLC., whose address is 9850 Overseas Highway, Suite 200, Marathon, Florida 33050 (hereafter "FBO "). WHEREAS, on April 20, 2016, Coast FBO, LLC entered into a Master Lease Agreement with Monroe County in order to consolidate the previous lease that included 2 amendments, 5 extensions, and several consents to assignment; and WHEREAS, per the terms of Paragraph 5)(b) of the Master Lease Agreement if the FBO substantially completed construction of the East Hangar pursuant to subparagraph 2)(b) of the Master Lease no later than May 13, 2017, then the County agreed it would enter into a written lease extension with the FBO which will terminate the Master Lease Agreement on April 5, 2041; and WHEREAS, the East Hangar was substantially completed on May 8, 2017 and a Certificate of Occupancy was subsequently executed on May 17, 2017; and WHEREAS, the intent of Paragraph 5)(b) of the Master Lease Agreement was to incentivize the diligent construction of the East Hangar; and WHEREAS, the County finds that the FBO was in fact diligent in the construction of the East Hangar; now, therefore, IN CONSIDERATION of the mutual promises and benefits set forth below, the parties agree as follows: 1. The term of the Master Lease Agreement is hereby extended and shall terminate on April 5, 2041. 2. In all other respects the terms and conditions of the Master Lease Agreement entered into on April 20, 2016 not inconsistent herewith remain in full force and effect. 3. This lease extension will take effect on the signature date of the last party to execute this lease extension agreement. J ,"ESS WHEREOF, each party has caused this Agreement to be executed by its d I 4utho zed presentative the date first written above. BOARD OF COUNTY COMMISSIONERS ATTEST: KE HIV MADOK, CLERK OF MONROE COUNTY, FLORIDA 17 B 1 ? B Deputy Clerk Mayor George Neugent Witnesses By I� — Print N By PrintT e6o COAST FBO, 1,10� By P, PRE'VED�--, CD - C3 r r M 4n CD r- rn -n ;;o mc r1n W n C:) -9" l a DATE (MM /DDiYYYY) ih� ACC>R CERTIFICATE OF LIABILITY I 5/19/2017 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. IMPORTANT: if the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). CONTACT PROOUCER AirSure Limited NAME: Air Limited 25548 Genesee Trail Road PHONE - - - - - 303 - 5 26 -5300 _ _ _ FA IC Golden CO 80401 - i °- �►• - - - _LaCNo)_ 303.526 -5303— . A INSURERS) AFFORDING COVER _ NAICN - wsURERA OBE Insurance Corporation 1 392 INSURED INSURER B : V Marathon Aviation Associates, LLC dba Marathon Jet _ ___ — - - - - - -- -.�_ __ -- Center; Marathon General Aviation; Coast FBO, LLC; INSURE & GrantAir Service Inc. Lt SURERD_ 9850 Overseas H INSURER E: Marathon, FL 33000 - INSURER F: nnvr .-1. - MMTTCrrArc AHIIIAOCO. n eon RFUIRInN NIIMRFR• THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. 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 CONDIT OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. _ -- -- INSR � — � - == — -- - - -- - - -° - - P3LIC - �'f C � - PO LIMITS LTR TYPE OF INSURANCE POLICY NUMBER M I COMMERCIAL GENERAL LIABILITY ( I ' I FJ�CH OCCURRENCE 15 -_.I. CLAINIS -MADE OCCUR _ I "ISXlG1�€Tb REiTrCd' __. _ — _ PREMISES jEa occurrence . I ! MED EXP (Any one person) I S I i I PER SONAL & ADV INJURY ' IS GENER TS GE N'L AGGRE LIMIT APPLIES PER: 1 AGGR EGATE i P RODUCTS- COM /OP A GG i 5 POLICY 1 JECT ! J LOC i I ( — I OTHER I S AUTOMOBILE LIABILITY I COMBINED SINGLE LIMIT ANY AUTO I I I BODILY INJURY (Par person) I $ I OWNED SCHEDULED I �. AUTOS f BODILY INJURY (Per accident)' S - _ AUTOS ONLY - j HIRED ' NON -OWNED I PROPERTY DAMAGE S AUTOS ONLY _ AUTOS ONLY � UMBRELLA LIAB I OCCUR I M I I EACH OCCURR ' S - I EXCESS LIAB CLAIMS MADE I I ! AGGREGATE j 5 I DER RETENTION S A WORKERS COMPENSATION I ! !AWCO500248 4/10/2017 1 4110/2018 1 ( II PE R OTH I L T M AND EMPLOYERS'LIABILITY IN ANYPROPRIETORfPARTNER/EXECUTIVE Y❑ I _ _ -12-A E.L. EACH ACCIDENT _ S 1 NIA: OFFICER/MENIBER EXCLUDED? I (Mandatory in NH) i I _E.L C IS CAS E. EA . EM PLOYEE S _ _ 1�wo If yes. describe under DESCRIPTION OF OPERATIONS nelovi , I i E,1- DISEASE - POLICY LIMIT , 5 1,000,000 I DESCRIPTION OF OPERATIONS I LOCATIONS I VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required) Evidence of Coverage * GE r N*KT A wAl C . I —M. 146 ri CERTIFICATE HOLDER CANCELLATION Monroe County Board of County Commissioners, its employees & officers 1100 Simonton Street Key West, FL 33040 ACORD 25 (2016103) e icy 2: SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. AUTHORIZED REPRESENTATIVE Tim Wanasek ©1988 -2015 ACORD CORPORATION. All rights reserved. and logo are registered marks of ACORD re,