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HomeMy WebLinkAboutC05-271 American Airlines_first amendment FIRST AMENDMENT TO THE HANGAR LEASE BETWEEN EAGLE COUNTY REGIONAL AIRPORT AND AMERICAN AIRLINES, INC. FIRST AMENDMENT is hereby made and entered into this _ day of 2005, by and between the County of Eagle, State of Colorado, a body by and through its Board of County Commissioners (hereinafter referred to as the "Lessor") and American Airlines, Inc., a Delaware corporation authorized to do business in the State of Colorado (hereinafter referred to as the "Lessee"). WITNESSETH WHEREAS, Lessor owns and operates the Eagle County Regional Airport (hereinafter referred to as "AIRPORT") located in Eagle County, Colorado; and WHEREAS, on November 9,2004, Lessor and Lessee entered into a Hangar Lease, effective August 23,2004, whereby Lessor leased to Lessee a portion of the aircraft hangar for the purpose of maintaining aircraft support equipment owned and operated by Lessee, Lessee's contractors or agents and employees of Lessee (hereinafter referred to as the "Agreement"); and WHEREAS, pursuant to Section 4 of the Agreement, the lease shall be for an annual term commencing on August 23,2004 and ending on August 22,2005. The term shall be manually renewable each year thereafter by written notice, at least sixty (60) days prior to the annual expiration date; and WHEREAS, Lessor and Lessee desire to extend the Agreement for an additional eight (8) month term commencing on August 23, 2005 and ending on April 30, 2006; and WHEREAS, pursuant to Section 24(M) of the Agreement all amendments to this lease must be in writing by mutual agreement of the parties. AGREEMENT NOW, THEREFORE, the parties in consideration ofthe covenants and agreements as more fully set forth herein, and as set forth in the original Agreement do hereby agree as follows: 1. Lessor and Lessee hereby agree to extend the Agreement for an additional eight (8) month term commencing on August 23, 2005 and ending on April 30, 2006. 1 2. The rent for the term of this lease renewal, from August 23, 2005 through April 30, 2006, is SIX THOUSAND NINE HUNDRED AND SIXTEEN DOLLARS AND TWENTY CENTS ($6,916.20) based on a prorated calculation derived from the base rental charges established in Section 5 of the Agreement. All of the provisions of Section 5 of the Agreement regarding rentals and charges shall remain in full force and effect. 3. The terms ofthe original Agreement shall continue in full force and effect except as modified by this First Amendment. IN WITNESS WHEREOF, the parties have hereunto set their hands and signatures the day and year first mentioned above. COUNTY OF EAGLE, STATE OF By and Through Its ATTEST: COMMISSIONERS Clerk to the Bo rd of County Commissioners AMERICAN AIRLINES, INC. STATE OF COLORADO ) ) ss: COUNTY OF EAGLE ) The foregoing instrument was subscribed and sworn to before me this ~G,~ay of 2005 by of American Airlines, Inc. Witness my hand and official seal. My commission expires: e KAllflEEN F DA~S * ~ * NOTARY PUBLIC State of Texas Comm. Exp. 11/30/2006 2