1st Amendment & Modification 04/18/2001
CLERK OF THE CIRCUIT COURT
MONROE COUNTY
BRANCH OFFICE
MARATHON SUB COURTHOUSE
3117 OVERSEAS HIGHWAY
MARATHON, FLORIDA 33050
TEL. (305) 289-6027
FAX (305) 289-1745
MONROE COUNTY COURTHOUSE
500 WHITEHEAD STREET
KEY WEST, FLORIDA 33040
TEL. (305) 292-3550
FAX (305) 295-3663
BRANCH OFFICE
PLANTATION KEY
GOVERNMENT CENTER
88820 OVERSEAS HIGHWAY
PLANTATION KEY, FLORIDA 33070
TEL. (305) 852-7145
FAX (305) 852-7146
MEMORANDUM
DATE:
June 7,2001
TO:
Peter Horton, Manager
Monroe County Airports
FROM:
Bevette Moore
Airport Business Administrator
Pamela G. Hanco('~
Deputy Clerk CY
AnN:
At the April 18, 2001, Board of County Commissioner's meeting the Board granted
approval and authorized execution of a Lease Amendment and Modification Agreement between
Monroe County and Island City Flying Service, Inc.
Enclosed is a duplicate original of the above mentioned for your handling. Should you
have any questions please feel free to contact our office.
Cc: County Administrator wlo document
Risk Management wlo (IOCument
County Attorney
Finance
File /
LEASE AMENDMENT AND MODIFICATION AGREEMENT
t:,{
1JJJ;S LEASE AMENDMENT is entered into on the Iff' day of
A- ~/ L , 2001, by and between BOARD OF COUNTY COMMISSIONERS OF
MONROE COUNTY, a political subdivision of the State of Florida, hereafter Lessor,
and ISLAND CITY FLYING SERVICE, INC. a corporation, hereafter Lessee.
WHEREAS, Lessor and Lessee are parties to a Lease Agreement together
with all amendments and modifications thereto (the "Lease"), a copy of which is
attached hereto; and
WHEREAS, under the Lease, Lessee presently occupies the site shown on
EXHIBIT A and the East Ramp as shown on EXHIBIT B ("East Ramp"); and
WHEREAS, Lessor desires that Lessee utilize a portion of the East Ramp (the
"Air Cargo area") for air cargo operations, and the Lessee is willing to manage and
sublease to air cargo operators the Air Cargo area; and
WHEREAS, the Lessor is willing to provide 92,447 square feet of additional
land to Lessee known as the West Ramp as shown on EXHIBIT D ("West Ramp") in
exchange for Lessee's agreement to devote the Air Cargo area exclusively to Air
Cargo and large general aviation aircraft operations; and
WHEREAS, the area of the West Ramp exceeds the area of the East Ramp,
but because of their respective locations the rental value of the East Ramp exceeds
the rental value of the West Ramp; and
WHEREAS, as a result of the amendment and modifications hereby
authorized, the rent to be received by the Lessor will increase approximately Fifty
Thousand Dollars ($50,000.00) (i.e., from less then Twenty-five Thousand Dollars
($25,000.00) to SEVENTY-FIVE THOUSAND DOLLARS ($75,000.00)); and
WHEREAS, these modifications and amendments will provide Lessor a fair
benefit, and the airport facility will be improved; and
WHEREAS, Lessor has an opportunity to obtain federal and state funds for
airport improvement for a hangar area and ramp, a portion of which land is now
occupied by Lessee under the Lease; and
WHEREAS, Lessee is willing to surrender a portion of its existing leased site
(shown as Hangars 19 and 20) as shown on EXHIBIT C in order to help facilitate the
development of said facility; and
WHEREAS, the parties contemplate such a reduction of the leased premises
to allow for the relocation of hangars and construction of new hangars pursuant to
a future RFP (the "Hangar Development Proposal"); and
WHEREAS, there has been some confusion as to which entities and/or
airplanes are subject to the County's Fuel Flowage Fee, and the parties desire to
clarify same; now, therefore,
IN CONSIDERATION of the mutual promises and covenants herein
contained and other valuable consideration, the receipt of which is hereby
acknowledged, it is agreed as follows:
1. That the recitals contained herein are true and correct and
incorporated herein by reference.
2. The leasehold premises described on EXHIBIT A is hereby deleted and
in lieu thereof the property shown on EXHIBIT A-1 is substituted. At such time as
Monroe County paves the shaded area shown on EXHIBIT A-1, then Lessee shall
begin paying rent at FORTY-ONE CENTS ($0.41) per square foot on an annual
basis, payable monthly to the County, for the shaded area. The shaded area is
approximately 20,000 square feet.
3. At such time as Lessor has paved and made ready for occupancy the
West Ramp shown on EXHIBIT D, the West Ramp shall be included within the Lease
premises, and Lessee shall pay for the 83,407 square feet comprising the West
Ramp TWENTY-SEVEN CENTS ($0.27) per foot on an annual basis, payable
monthly.
4. At such time as all of the necessary plans, permits and other
conditions precedent to the implementing of the Hangar Development Proposal
have been approved, and the consent of no fewer than 100% of all existing hangar
tenants within the Hangar Development Proposal boundaries has been obtained,
then the property, shown as Hangars 19 and 20 on EXHIBIT A-1, shall be deleted
from the Lease and the approximate 44' x 246' strip shown on EXHIBIT D-1 shall be
added and the leased premises shall be amended to include the property shown on
EXHIBIT C and D-1. Lessee shall then increase its existing rent to FORTY-ONE
CENTS ($0.41) per square foot for the property shown on EXHIBIT C and TWENTY-
SEVEN CENTS ($0.27) per square foot for the property shown on EXHIBIT D-1 on
an annual basis, payable monthly, and the expiration of the Lease shall be
extended to the same expiration date as the expiration date under the Lease
entered into pursuant to the Hangar Development Proposal.
5. In addition to the other rent due Lessor, Lessee shall pay to Lessor
monthly as additional rent Ten Percent (10%) of the gross rents on ramp fees
received by Lessee from all sublessees and tenants engaged in air cargo and like
operations on the East Ramp. Lessee shall provide Lessor monthly with backup
documentation sufficient for Lessor to verify Lessee's gross receipts from such air
cargo and like operations.
6. The exemption for the fuel flowage fee shall only be applicable to
aircraft operated by airlines providing regularly scheduled service to Key West
International Airport, and to aircraft owned or operated by Island City Flying
Service. By way of illustration and not exclusion, the airplanes operated by
Seaplanes of Key West, an affiliate of Island City, shall be exempt.
ITNESS WHEREOF, the parties hereto have set their hands and seals the
first above written.
~ BOARD OF COUNTY COMMISSIONERS
/" NY L. KOLHAGE, CLERK ~F MONROE COUNTY, FLORIDA
~. ~~,e ~()cJ-
Mayor/Chairman
ISLAND CITY FLYING SERVICE, INC.
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