HomeMy WebLinkAbout2015 Extension Hangar BMUNICIPAL AIRPORT
Scott Baker, Airport Director
202 Airport Drive East, Sebastian, FL 32958
Tel (772)228-7013 (office) . (772)633-0897 (cell)
July 5, 2017
Mr. Duane Swing
Velocity, Inc.
200 Airport Drive West
Sebastian, FL 32958
Subject: Hangar B, Lease Renewal of
Dear Duane,
It gives me pleasure to inform you that Sebastian City Council has acted favorably to your
request to extend the terms of the Hangar B lease between the City of Sebastian and
Velocity, Inc., for 28 -years, as per your request in your letter dated Jun 9, 2017.
The Renewed lease becomes effective October 1 2017 and runs throuclh October 1 2045.
Excluding the renewal option, all other Conditions outlined in the original lease (dated Oct.
1, 2015) remain in effect throughout the extended lease period.
As a reminder, on October 1, 2017 the lease rate changes to $2.33/SF and is subject to
annual CPI adjustment going forward.
1 look forward to continuing our warm and supportive relationship and best wishes for
successful business ventures going into the future.
Sincerely,
Scott Baker
Airport Director