Item P12
BOARD OF COUNTY COMMISSIONERS
AGENDA ITEM SUMMARY
Meeting Date: December 20. 2006
Attorney
Division:
County
Bulk Item: Yes
Attorney
No
Department: County
Staff Contact Person: Pedro J. Mercado
AGENDA ITEM WORDING: Approve Lease Renewal Agreement between Monroe County
owners of Key West International Airport and Hyatt and Hyatt, Inc. regarding the property
attached to the Lease Renewal Agreement as Exhibit "A".
ITEM BACKGROUND: The original Lease Agreement expired October 31, 2006.
PREVIOUS RELEVANT BOCC ACTION: Approval of Lease Agreement beginning May 1,
2006.
CONTRACT/AGREEMENT CHANGES:
STAFF RECOMMENDATIONS: Approve
TOTAL COST:
N/A
BUDGETED: Yes
No
COST TO COUNTY:
N/A
SOURCE OF FUNDS:
REVENUE PRODUCING: Yes ----K.. No
AMOUNTPERMONTH_ Year
APPROVED BY: County Atty _ OMBlPurchasing _ Risk Management_
DOCUMENTATION: Included Not Required
DIVlSION DIRECTOR APPROVAL: ~rlP;
~
LJ}~~
DISPOSITION:
AGENDA ITEM #
Revised 11/06
LEASE RENEWAL AGREEMENT
KEY WEST INTERNATIONAL AIRPORT
HYATT AND HYATT INC.
This Agreement is made and entered into by and between Monroe County, a political subdivision
of the State of Florida, owner of Key West International Airport, whose address is 3491 South Roosevelt
Boulevard, Key West, Florida 33040, (County or Lessor), and Hyatt and Hyatt Inc., whose address
is17021 Starfish Lane West, SugarloafShores, FL 33042, (Hyatt or Lessee).
WHEREAS, on the 17th day of May, 2006, the parties entered into an agreement for the use of
property more particularly described in exhibit "A", hereafter original agreement. A copy of the original
agreement is attached to this renewal agreement and made a part of it; and
WHEREAS, the original agreement tenn ended on October 31, 2006 but the parties desire to
renew the original agreement an additional 1 year; now, therefore,
IN CONSIDERATION of the mutual promises and covenants set forth below, the parties agree as
follows:
1. Paragraph 2 of the original agreement is amended to read:
2. TERM. The tenn of this Agreement is for Thirteen months beginning on
November 1, 2006 and tenninating on December 31, 2007.
2. Paragraph 8 of the original agreement is amended to read:
8. TERMINATION. Hyatt may terminate this agreement upon failure of the
Lessee to comply with any provision of this agreement. Hyatt shall first give the Lessee a
written notification stating the default/breach and that the Lessee has 10 days to correct the
default/breach. If the Lessee has not corrected the default/breach at the end of the 10 days,
then Hyatt may cancel the lease in its discretion.
During the term of this agreement either party may cancel this agreement without penalty,
and owing no further obligation under the tenns of this agreement by providing 30 days
written notice,
3 The following paragraph is appended to the Lease Renewal Agreement and incorporated
into the original agreement as paragraph 19.
19. LESSEE USE. During the tenn of this agreement the County shall make
available to Hyatt 6 parking spaces within the property shown in exhibit "A". Hyatt shall
not be required to pay a parking fee for use ofthe spaces.
Except as set forth in paragraphs one, two and three of this Lease Renewal Agreement, in all other
respects, the tenns and conditions ofthe original agreement remain in full force and effect.
IN WITNESS WHEREOF, each party has caused this Agreement to be executed by its duly
authorized representative,
(SEAL)
ATTEST: DANNY L. KOLHAGE, CLERK
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
By
By
Deputy Clerk
Mayor Charles "Sonny" McCoy
Date
Witnesses
~ATT€;(
By 11, A~
Title '4-';S /00-JT
/
Date
This d~dwas pr ~ and approve
Pedro J. Mere 00 E
Assistant C nty Attorney
Florida Bar No.: 0084050
P.O. Box 1026
Key West, FL 33041-1026
(305) 292-3470
'-
....,,''-.
./'-
./
~
~ite PI~ - Kev Wnt IntQl'I]Jtfona' Aimort & Sublec:t Lease propertY
Lease Property AdI:tRtSS - 3591 S. Roosevd Blvd.. Key west. Fl33040
(ShOwn In Red) .
EXHIBIT A