2nd Amendment 10/19/2022 r° Kevin f
CPA
........• Clerk of the Circuit Court& Comptroller—Monroe County, Florida
a cou.�
October 31, 2022
TO: Ricliard Strickland
Director of Airports
ATTN: Beth Leto, Deputy Director
Adininlstratlon
Paniela G. ancoe ,
01
October 19' BOCC Meefing
Attached are electronic copies of`the following items for your liandling:
7 Sculpture Loan Agreement with The Seward Johnson Atelier, Inc. for the public
display of'the sculpture work of art titled "New Friends" (a/k/a the Happy Family) at Key«,est
International Airport.
V8 2nd Amendment to Lease Agreement wit11 Maradion Hangar Development, Inc.
exercising a ten-year renewal option on a land lease at Florida Keys Maradion International
Airport and adjusting the annual rent payment in accordance witli fair market value appraisal.
Should you have any questions please feel free to contact me at (305) 292-3550.
cc: County Attorney
Finance
File
KEY WEST MARATHON PLANTATION KEY
500 Whitehead Street 3117 Overseas Highway 8 770 Overseas Highway
Key West, Florida 33040 Marathon, Florida 33050 Plantation Key, Florida 33070
SECOND AMENDMENT TO LEASE AGREEMENT
FLORIDA KEYS MARATHON AIRPORT
MARATHON HANGAR DEVELOPENT (MHD),INC.
THIS SECOND AMENDMENT TO LEASE AGREEMENT (the "Amendment" or
"Agreement") is made and entered into this 19th day of October , 2022 by and between
MONROE COUNTY, a political subdivision of the State of Florida, whose address is 1100
Simonton Street, Key West, Florida 33040, hereinafter referred to as "County" or "Lessor" and
MARATHON HANGAR DEVELOPMENT, Inc. (MHD), a Florida Corporation, whose
address is 11100 Overseas Highway, Marathon, FL 33050, hereinafter referred to as "Lessee".
WHEREAS, on the 13th day of December 2000 the parties entered into a lease agreement
(hereafter"Original Lease")for purposes of making available hangar space to operators of private
aircraft; and
WHEREAS, on the 17'h day of April 2002 the parties amended the agreement to provide
for funding of up to one-half of the construction funding by the County as funding became
available through FAA/FDOT grants; and
WHEREAS, Lessee has successfully constructed, and sub leased, (4) four T-hangar
buildings, each containing(8)eight hangar units for a total of(32)thirty-two hangar units, and all
associated infrastructure and adjacent pavement needed to service the four buildings; and
WHEREAS, Lessee has now exercised its option for an additional ten year term; and
WHEREAS, Lessor has, in accordance with the Original Lease, conducted an appraisal
to determine a fair market value and subsequent rate calculation pursuant to current rates and
charges; and
WHEREAS,Lessee has agreed to reset the base level of the rent and renew the agreement
for an additional ten (1.0)years; and
WHEREAS, any existing credit of funds on the current lease balance will be carried
forward and applied to this second amendment; and
WHEREAS, the parties have found the Original. Agreement to be mutually beneficial;
now therefore
IN CONSIDERATION of the mutual covenants and agreements set forth below, the
parties agree to amend the Original Lease as follows:
Section 6. of the Original Lease shall be deleted and replaced by the following:
6. a) This lease renewal term shall be for (10) ten years, beginning on the effective
1
date of this Second Amendment. Upon termination of this lease, either under this
paragraph or as provided elsewhere in this lease, MHD must peacefully surrender and
abandon the premises and all structures to the County. Thereupon, all structures and
improvements on the premises shall be the sole property of the County.
) The rent amounts are as follows:
In accordance with the 2022 appraised fair market valuation, the rent amounts for
renewal term of ten years are as follows:
Year I —$27,000 Twenty-Seven Thousand and 00/100 Dollars
Year 2— 3 1,000 Thirty-One Thousand and 00/100 Dollars
Year 3—$35,000 Thirty-Five Thousand and 00/100 Dollars
Year 4—$39,000 Thirty-Nine Thousand and 001100 Dollars
Year 5—$43,000 Forty-Three Thousand and /100 Dollars
Year 6—$47,000 Forty-Seven Thousand and 0/10 Dollars
Year 7— 5 1,000 Fifty-One Thousand and 00/100 Dollars
Year 8—$55,000 Fifty-Five Thousand and /100 Dollars
Year 9—$59,000 Fifty-Nine Thousand and 00/100 Dollars
Year 1 —$63,000 Sixty-Three Thousand and 00/100 Dollars
c) All rent is due on the anniversary of the effective date. All rental payments are due at,
the following:
AirportDirector's Office
Florida Keys Marathon International Airport
9400 Overseas Highway
Marathon, FL 33050
All other provisions of the December 13 2000, Original Lease not inconsist pems; herewith,'.
s remain in full force and effect. -
ITNESS WHEREOF, the parties have caused these presents to be executed by their
1P cer or representative thereunto duly authorized,the day and year first above written.
c
BOARDCOUNTY I1
E OF MONROE COUNTY, FLORIDA
ham.,c®vim•
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As Deputy Clerk Mayor/Cha' erson
WITNESSES: Marathon y Han elo et
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wag::: Title
Cou7NTYATTon4NEY
F
ORM
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Date 1 /11/22
ak'F'Mr�
OLD REPUBLIC INSURANCE ' '
CERTIFICATE OF INSURANCE
This is to certify to The Florida Keys Marathon International Airport and Monroe County
(Certificate Holder): 500 Whitehead Street
Key West, FL 33040 i
NT
By
I,.
The following policy(ies) Marathon Hangar Development, LLC
Have been issued to: 11100 Overseas Highway DA! 5 /�� -
Marathon, FL 33050 'WAIVO K10k
AIRPORT POLICY INFORMATION:
AIRPORT POLICY NO: AP 010272010 POLICY PERIOD: FROM: January 03, 2022 TO: January 03, 2023
THIS COVERAGE IS EFFECTIVE 12:01 A.M. January 03,2022
INSURANCE COMPANY: OLD REPUBLIC INSURANCE COMPANY
LIABILITY COVERAGES:
LIMITS OF LIABILITY
® Comprehensive General Liability $ CSL Each Person $ 1,000,000 Each Occurrence*
❑ Completed Operations/Products Liability $ Each Person $ Each Occurrence*
® Hangarkeepers Liability $ 1,000,000 Each Aircraft $ 1,000,000 Each Occurrence*
❑ Premises Medical Payments $ Each Person $ Each Occurrence*
❑ Not Applicable $ Each Person $ Each Occurrence*
DEDUCTIBLES:
® Hangarkeeper's Liability—See Below $ Each Loss*
❑ Premises Liability $ Each claim with respect to Property Damage
*Refer to the Policy;an annual aggregate limit may apply to some coverage(s).
THIS CERTIFICATE HOLDER IS:
❑ Included as a Loss Payee for Aircraft Physical Damage Coverage,and included as an additional insured.
❑ Provided Breach of Warranty Coverage on Aircraft Physical Damage as their interest may appear not to exceed 90%of the Insured
Value.
® Included as an Additional Insured on Airport Liability Coverage but only with respect to operations of the Named Insured.
❑ Provided a Waiver of Subrogation on Aircraft Physical Damage Coverage, but only
OTHER COVERAGES/CONDITIONS/REMARKS:
Hangarkeeper's Deductibles: $2,500. EEL as respects Piston Aircraft; $5,000. EEL as respects Turbine Aircraft; $25,000.
EEL as respects Airline Equipment.
Provision has been made to give the Certificate Holder thirty(30) days notice of cancellation -ten (10) days for
nonpayment of premium - of any policy above; however, the Company assumes no responsibility for the
failure to provide such notice. This certificate is issued as a matter of information only and confers no rights
upon the certificate holder. This certificate does not amend, extend, or alter the coverage, terms, exclusions,
conditions, or other provisions afforded by the policies referenced herein nor does it constitute a contract
between the issuing insurer(s), authorized representative, or producer.
OLD REPUBLIC AEROSPACE, INC. Representative:
Agency Name: Alexander Aviation Associates '"
Agency Phone: 321-444-6577
Date:January 7,2022
1990 VAUGHN ROAD,SUITE 350 KENNESAW,GA 30144 1 PH:(770)590-4950 1 FX:(770)590-0599
MARATHON HANGAR DEVELOPMENT INC
11100 OVERSEAS HWY
MARATHON, FL 33050
305-289-6486
December 28, 2020
To whom it may concern,
Marathon Hangar Development Inc. has no employees. Please
contact Marvin Schindler with any questions at 305-393-0064.
Sincerely,
Marvin Schindler
Marathon Hangar Development , Inc.
Vice President & Director
2018 Edition
MONROE COUNTY,FLORIDA
REQUEST FOR WAIVER OF INSURANCE REQUIREMENTS
It is requested that the insurance requirements, as specified in the County's Schedule of Insurance
Requirements,be waived or modified on the following contract.
ContractordVendor: 4�T t . AJ
. .
0
Project or Service:
Contractor/Vendor
ro
Address&Phone ft: 1
General Scope of Work:
Reason Modification.,Waiver or - A � mm'
Policies Waiver or
M.
Modification will apply to: c i .� .t) # ^ "c
Signature of ContractorNendor:
Date: 12-31-2020 Approved _ x // Not Approved
Risk Management Signature: .[_ 151&W119
Date:
County Administrator appeal:
Approved: Not Approved:
Date:
Board of County Commissioners appeal:
Approved: Not Approved:
Meeting Date:
Administrativc Instruction 7500.7
t04
2018 Edition
MONROE COUNTY, FLORIDA
REQUEST FOR WAIVER OF INSURANCE REQUIREMENTS
It is requested that the insurance requirements,as specified in the County's Schedule of Insurance
Requirements,be waived or modified on the following contract.
Contrac(or/Vendor* ?/u
Project or Service-
Contractor/Vendor
Address&Phone
---U1
2
............
General Scope of Work:
Reason for Waiver or eff I � T Aa '.,A L
Modification:
Policies Waiver or
Modification will app ly •to: V �La ��l"Ii
Signature ofContractor[Vendor._Z--K-1
Date: 12-31-2020 Approved _ x — Not Approved
Risk Management Sig nature;—71424z1�1--Z S;
Date:
County Administrator appeal:
Approved: Not Approved:
Date:
Board of County Commissioners appeal:
Approved: Not Approved:
Meeting Date:
Administrative Instruction 7500.7
104