PLACEMENT: Departmental
TITLE:
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APPROVAL OF FIFTH AMENDMENT AND COMPLETE RESTATEMENT OF AGREEMENT OF LEASE WITH WITHAM AERO CLUB, INC.
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EXECUTIVE SUMMARY:
executive summary
The Witham Aero Club has requested an amendment and restatement to their lease to extend the term an additional 20 years (from 2040 to 2060) in return for $768,000 in improvements to the property.
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DEPARTMENT: County Attorney
PREPARED BY: Name: Sebastian Poprawski
Title: Senior Assistant County Attorney
REQUESTED BY: Andrew McBean, Airport Director
PRESET:
PROCEDURES: None
BACKGROUND/RELATED STRATEGIC GOAL:
1. Instrument Prepared by: Legal Department
2. Parties to the Instrument: Witham Aero Club, Inc. and County
3. Purpose: To allow non-commercial users of airport to operate limited aircraft in accordance with Federal Aviation Regulations.
4. New/Renewal/Modified: Renewal
5. Duration: Additional 20 years to expire on September 30, 2060
6. Benefits to Martin County: Improvements in amount of $768,000.
7. Costs to Martin County: None
ISSUES:
None
LEGAL SUFFICIENCY REVIEW:
This item has been reviewed for legal sufficiency to determine if it is consistent with applicable law, and in so doing, legal staff has identified risks and developed strategies for legal defensibility, as applicable.
RECOMMENDED ACTION:
RECOMMENDATION
Move that the Board approve the Fifth Amendment and Complete Restatement of Agreement of Lease with Witham Aero Club, Inc.
ALTERNATIVE RECOMMENDATIONS
Direct staff accordingly.
FISCAL IMPACT:
RECOMMENDATION
None
ALTERNATIVE RECOMMENDATIONS
None
DOCUMENT(S) REQUIRING ACTION:
?Budget Transfer / Amendment ? Chair Letter ?Contract / Agreement
?Grant / Application ?Notice ?Ordinance ?Resolution
?Other:
This document may be reproduced upon request in an alternative format by contacting the County ADA Coordinator (772) 320-3131, the County Administration Office (772) 288-5400, Florida Relay 711, or...
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