Item C05'
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
September 21, 2016
Agenda Item Number: C.5
Agenda Item Summary #1980
BULK ITEM: DEPARTMENT:
Yes Airports
TIME APPROXIMATE:STAFF CONTACT:
Donald DeGraw (305) 809-5200
none
AGENDA ITEM WORDING:
Approval of the First Amendment to Lease with The Hertz
Corporation to clarify the effective date of September 1, 2016 for payment of concession fees based
on the updated definition of gross revenue. Office/counter rental payment will remain commencing
July 1, 2015.
ITEM BACKGROUND:
Hertz Corporation has been operating at the Key West International
Airport since 1999. New agreement was approved by BOCC on July 20, 2016 for a term of five
st
years, commencing July 1, 2015 and terminating on June 30, 2020. This 1 amendment is to clarify
the effective date of September 1, 2016 for payment of concession fees based on the updated
definition of gross revenue as stated in the new agreement.
PREVIOUS RELEVANT BOCC ACTION:
The County originally entered into a Lease and Concession Agreement with Hertz Corporation on
2/21/2000 for five years commencing on 4/21/1999. On March 16, 2005 the County entered into a
10 year agreement commencing on April 20, 2004. On July 20, 2016 the County approved a five (5)
year agreement commencing July 1, 2015 and expiring June 30, 2020.
CONTRACT/AGREEMENT CHANGES:
Gross revenue effective date of payment.
STAFF RECOMMENDATION:
Approval.
DOCUMENTATION:
KWIA- Hertz Lease Amendment.
FINANCIAL IMPACT:
Effective Date: 09/21/2016
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Expiration Date: 06/30/2020
Total Dollar Value of Contract: N/A
Total Cost to County: N/A
Current Year Portion:
Budgeted:
Source of Funds:
CPI:
Indirect Costs:
Estimated Ongoing Costs Not Included in above dollar amounts:
Revenue Producing: If yes, amount:
Grant:
County Match
:
Insurance Required:
Additional Details:
REVIEWED BY:
Beth Leto Completed 08/10/2016 2:43 PM
Donald DeGraw Completed 08/10/2016 3:50 PM
Pedro Mercado Completed 08/11/2016 10:52 AM
Budget and Finance Completed 08/11/2016 2:50 PM
Maria Slavik Completed 08/12/2016 7:16 AM
Kathy Peters Completed 08/15/2016 12:33 PM
Board of County Commissioners Pending 09/21/2016 9:00 AM
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