HomeMy WebLinkAbout2024 - First AmendmentFIRST AMENDMENT TO
FISHE FLYING CORP
AIRPORT TERMINAL WING LEASE
THIS FIRST AMENDMENT TO AIRPORT LEASE AGREEMENT (hereinafter "Lease") by and between
the City of Sebastian, a municipal corporation of the State of Florida, located at 1225 Main Street, Sebastian
FL 32958 (hereinafter "Landlord") and Fishe Flying Corp, a corporation of the State of Florida, DBA Wings
Airline Academy (Wings AA) doing business at Sebastian Municipal Airport (hereinafter "Tenant"), is
hereby amended as follows:
WHEREAS, Landlord is the owner of certain real property located in Indian River County, Florida; and
WHEREAS, the certain property is being used for the operation of the Sebastian Municipal Airport
(hereinafter referred to as the "Airport"); and
WHEREAS, the Landlord agreed to lease such property under the terms of the original Lease to Tenant;
entered into on May 1, 2019; and
WHEREAS, the Tenant wishes to modify sections of the Lease as outlined herein; and
WHEREAS, the Landlord and Tenant are mutually agreeable to said modifications.
NOW, THEREFORE, in consideration of the mutual covenants hereinafter provided, the receipt and
sufficiency of which are hereby acknowledged, the Parties have agreed as follows:
A. Schedule "A" of the Lease is hereby amended to add the following:
6. Leased premises shall include one (1) Office Space of approximately 232.5 sf. in the
lobby of the Airport Administration Building. Utility costs are included in the rent charge.
B. Section 4 of the Lease is hereby amended to read as follows:
4. RENT
(a) As additional rent, Tenant shall pay $61.45 monthly, in advance, for the use of Office Space in
the Administration Building Lobby. CPI increases will continue for this space with the existing
anniversary date of March 1 of each year.
[REMAINDER OF PAGE LEFT INTENTIONALLY BLANK; SIGNATURE PAGE TO FOLLOW]
IN WITNESS WHEREOF, the parties hereto have set their hands and seal this o` 5 +� day of August,
2024.
City of Sebastian,
A Mu/ni�cipal Corporation
BvUvV-V
Brian A. Benton, City Manager
Attest:
FVanette Williams, MMC City Clerk
(Seal)
Fishe Flying
e r Cockcroft, Esq., City Attorney
CITY OF SEBASTIAN
CITY COUNCIL AGENDA TRANSMITTAL
DATE August 28, 2024
TO Honorable Mayor and City Council
THRU Brian Benton, City Manager
FROM Jeff Sabo, Airport Manager
SEBASTIA NSUBJECT Approval of First Amendment to the Terminal Wing
IAI tEIEBRATION Lease for Fishe Flying Corp. at the Sebastian Municipal
1911.1014 Airport.
EXECUTIVE SUMMARY
Current tenant Fishe Flying Corp, doing business as Wings Airline Academy, is operating under a
recently extended Lease for one office wing in the Terminal at the Sebastian Municipal Airport. They
have been using one additional office space as a Dispatch Office, off of the lobby area of the Terminal
Building. This Office Space was originally under a separate, temporary lease that has expired. This
Amendment will properly align the separate office under the existing Terminal Wing lease and run
concurrently with that set of offices.
Staff is seeking approval of the attached Amendment to the Lease and authorization of signatures.
RECOMMENDATION
Staff recommends City Council approve the First Amendment to the Terminal Wing Lease for Fishe
Flying Corp. at Sebastian Municipal Airport, replacing an expired lease for one office space, and to
authorize the City Manager to execute appropriate documents.
ATTACHMENTS:
1. 1. 1st Amendment Wings AA FFC
2. 2. Wings AA Lease with Extension
FUNDING SOURCE
N/A