HomeMy WebLinkAbout1980 Fly FloridaMODIFICATION OF LEASE
AGREEMENT, made this /~day of ~ ,
U
1980, between the CITY OF SEBASTIAN, a Florida municipality,
herein referred to as Lessor, and FLY FLORIDA, INC., a Florida
corporation, herein referred to as Lessee.
RECITALS
1. The parties hereto have entered into a lease
dated ~ I~ , 19 ~o
attach erato as Exhibit No.
a copy of which is
affecting property des-
cribed as follows:
~EE ATTACf~ENT
(Being approximately three acres in size)
2. The parties desire to enter into a new agreement
supplementing tile provisions of the lease,
5. The iease dated .~.~-o--/' , 19oc~ ,
between lessor and lessee for thep~Operty described above,
shall be modified effective ~ /~ , 19~ ,
as follows: ~J
RENT - The parties agree that the rent for the
term of this lease shall be as follows:
1. For the airport facilities described above,
the yearly rental shall be on a graduating scale set out below:
Annually for the first S years $ 900.00
Annually for the 6th thru 10th year 1,200.00
Annually for the llth thru 15th year 1,500.00
Annually for the 16th thru the 20th year 1,800.00
Plus sales tax if applicable.
2. The above rental for the land shall be payable
quarterly, commencing from the date of this lease.
3. As additional rent the Lessee shall pay to the
Lessor two cents (2¢) for every gallon of aviation fuel sold by
Lessee at tbe Sebastian Municipal Airport. Said payments
to be paid quarterly, commencing from the date of this lease.
4. All rental payments to be made payable to the
City of Sebastian and mailed or delivered to the Director of
Finance, City of Sebastian, City Hall, Post Office Box 127,
Sebastian, Florida 32§58.
Ail provisions of the lease are incorporated
herein and are hereby modified or supplemented to confirm
herewith, but in all other respects are to be and shall continue
in full force.
IN WITNESS WHEREOF, the parties have hereunto set
their hands and seals this day and year first above written.
CITY OF SEBASTIAN, A Florida
Municipal ity
· ,w ~ ~" Mayor
ATTEST:
City Clerk
Signed, sealed and delivered in
the presence of:
As to ~e City of Sebastian
ATTEST:
in the presence of:
~As to Fly Florida, Inc.
FLY FLORIDA, INC.
/ ~resident
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