Item C07'
CM
ounty of onroe
BOARD OF COUNTY COMMISSIONERS
Mayor Heather Carruthers, District 3
Mayor Pro Tem George Neugent, District 2
TheFloridaKeys
Danny L. Kolhage, District 1
David Rice, District 4
Sylvia J. Murphy, District 5
County Commission Meeting
August 17, 2016
Agenda Item Number: C.7
Agenda Item Summary #1901
BULK ITEM: DEPARTMENT:
Yes Airports
TIME APPROXIMATE:STAFF CONTACT:
Donald DeGraw (305) 809-5200
none
AGENDA ITEM WORDING:
Approval of Amendment to Lease between the Key West
International Airport and Last Chance Gifts, LLC extending the term of the original lease for an
additional five (5) years commencing October 1, 2016 and expiring September 30, 2021 and
approval to waive prior year credits and arrearages.
ITEM BACKGROUND:
Last Chance Gifts, LLC has been operating at The Key West International Airport since 1993. They
currently occupy space #220 in new Terminal Building consisting of 670 square feet and space #123
in the passenger departure area consisting of 390 square feet. Last Chance agrees to increase the
rental rate for the gift shop spaces from $40.93 (terminal building) and $33.40 (passenger departure
area) to the current rate of $52.32 per square feet per year for both areas ($4,621.60/mo. plus tax), to
increase the commission on annual gross revenues from 5% to 10%, and to increase the minimum
guarantee on gross revenue from $20,000.00/yr. to $50,000.00/yr., to be paid monthly. The waiver of
credits and arrearages is due to inconsistent and unclear language in the prior lease.
PREVIOUS RELEVANT BOCC ACTION:
The County originally entered into a Lease and Concession Agreement with Last Chance Gifts, LLC
on November 10, 1993. On April 19, 2000, the County extended the term of the original lease for an
additional 16 years which expires on September 30, 2016.
CONTRACT/AGREEMENT CHANGES:
Additional five-year term increasing rental rate and commision on gross revenues.
STAFF RECOMMENDATION:
Approval.
DOCUMENTATION:
Last Chance Gift, LLC Lease Amendment
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FINANCIAL IMPACT:
Effective Date: 10/01/2016
Expiration Date: 09/30/2021
Total Dollar Value of Contract: N/A
Total Cost to County: N/A
Current Year Portion:
Budgeted:
Yes
Source of Funds:
CPI:
Indirect Costs:
Estimated Ongoing Costs Not Included in above dollar amounts:
Revenue Producing: Yes If yes, amount: $4,621.60/mo. plus tax for rent and 10%
commission on annual gross revenue with $50,000.00/yr minimum guarantee.
Grant:
County Match
:
Insurance Required:
Additional Details:
REVIEWED BY:
Beth Leto Completed 07/29/2016 1:50 PM
Pedro Mercado Completed 07/29/2016 2:29 PM
Budget and Finance Completed 07/29/2016 2:58 PM
Maria Slavik Completed 07/29/2016 2:59 PM
Donald DeGraw Completed 07/29/2016 3:26 PM
Kathy Peters Completed 08/01/2016 9:58 AM
Board of County Commissioners Pending 08/17/2016 9:00 AM
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