HomeMy WebLinkAbout2010 Lease TerminationATTEST:
Sa y A. o, MMC City Clerk
Mayor Richard Gillmor
Vice Mayor Jim Hill
Council Member Andrea B. Coy
Council Member Donald Wright
Council Member Eugene Wolff
RESOLUTION NO. R -10 -07
A RESOLUTION OF THE CITY OF SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA,
PERTAINING TO THE SEBASTIAN MUNICIPAL AIRPORT; AUTHORIZING THE RELEASE OF
OBLIGATIONS UNDER AN AIRPORT LEASE BETWEEN A &B LEASING/VELOCITY AND THE
CITY OF SEBASTIAN; AUTHORIZING A LEASE RATE INCREASE ON A SEPARATE AIRPORT
LEASE BETWEEN THE SAME PARTIES; PROVIDING FOR THE REPEAL OF RESOLUTIONS IN
CONFLICT HEREWITH; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the City of Sebastian owns certain real property at the Sebastian Municipal Airport; and
WHEREAS, A &B Leasing/Velocity is a bona fide leaseholder at the Sebastian Municipal Airport; and
WHEREAS, Velocity requests lease modifications on two (2) Airport leases.
NOW THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF SEBASTIAN,
as follows:
SECTION 1. Consent. The City of Sebastian hereby consents to A &B Leasing/Velocity being released
from all obligations under the "North Infield" Lease. The City of Sebastian hereby consents to a 10% increase
in the lease rate on the A &B Leasing/Velocity lease identified as the "Factory" Lease.
SECTION 2. Time. The City Manager is authorized to make adjustments as necessary relating to the
leases retroactive to January 1, 2010.
SECTION 3. Conflicts. All resolutions, parts of resolutions, consent orders, or other documents in
conflict are hereby repealed.
SECTION 3. Effective Date. This resolution shall take effect immediately upon its adoption.
A motion to adopt the foregoing Resolution was made by Council Member coy The motion
was seconded by Council Member Wright and, upon being put to a vote, the vote was as follows:
aye
aye
aye
aye
aye
The Mayor thereupon declared this Resolution duly passed and adopted this 10 day of March 2010.
City of Sebastian, Florida
Approved as to form and legality for
reliance by the City of Sebastian only:
Robert A. Ginsburg City Attorney