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HomeMy WebLinkAbout2011 - 1st Lease AmendmentFIRST AMENDMENT OF AVIATION LEASE AGREEMENT This Document Contains Two (2) Pages THIS FIRST AMENDMENT of the AIRPORT AVIATION LEASE AGREEMENT (hereinafter "Lease by and between the CITY OF SEBASTIAN (hereinafter "Landlord and Sebastian Aero Services (hereinafter "Tenant dated 28 April 2000, and provides as follows: WITNESSETH: WHEREAS, the Landlord is the owner of certain property located in Indian River County, Florida; and WHEREAS, the Landlord agreed to lease such property under the terms of the Lease to Tenant; and, WHEREAS, the Tenant wishes to modify, Section 2 of said Lease; and, WHEREAS, Landlord and Tenant are mutually agreeable to said modification; 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: 1. Section 2 of the Lease is hereby amended by the addition of the following: 2. LEASED PREMISES Landlord hereby transfers to Tenant control and management of aircraft "Tie Downs" located on the west portion of the airport. These tie -downs shall be identified, and suitably marked, by mutual agreement, between Landlord and Tenant. Tenant shall provide Landlord with tie -down agreements between Tenant and aircraft owners. Any agreement shall provide hold harmless protections for Landlord. This tie -down transfer shall run for a period of three (3) years form the date of this signing and shall be without remuneration between Tenant and Landlord. Tenant understands that this provision shall become null and void, in part or in full, if Landlord requires return of tie -down area(s) for airport project /expansion. 1 IN WITNESS WHEREOF, the parties hereto have set their hands and seals this 23rd day of February 2011. ATTEST: Sally Mai MMC e r, City Manager Approved as to Form and Legality for Reliance by the City Of Sebastian only: Robert A Ginsburg, City Attorney Tom Cooper, President 2 CITY OF SEBASTIAN A Municipal Corporation TENANT Sebastian Aero Services