HomeMy WebLinkAboutC12-320 Jerry Kokes Hanger Lease First Amendment FIRST AMENDMENT TO EAGLE COUNTY AIRPORT FACILITIES LEASE THIS F RST AMENDMENT ( "Amendment ") is made and entered into this 1? day oft , 2012, between the Board of County Commissioners, County of Eagle, State of Colorado, hereinafter referred to as "Lessor" and Jerry Kokes, hereinafter referred to as "Lessee." WHEREAS, Lessor and Lessee entered into an Airport Facilities Lease on August 20, 1990 ( "Original Agreement "); and WHEREAS, the term of the Original Agreement is for 25 years, ending on July 31, 2015. WHEREAS, Lessor wishes to provide Lessee with an option to renew the Original Agreement for one additional term of five years under the same terms and conditions and subject to the same rentals, fees, and charges as provided in the Original Agreement for the initial term; and NOW, THEREFORE, Lessor and Lessee agree that the Original Agreement is hereby amended as provided herein: 1. The following language shall be added to Section Six, Term: Lessee may exercise one (1) option to renew this agreement for an additional term of five (5) years under the same terms and conditions and subject to the same rentals, fees, and charges as provided herein for the initial term. In order to exercise the renewal option, Lessee shall notify Lessor in writing of Lessee's intention to exercise the renewal option not less than six (6) months before the expiration of the term hereof. 2. All other terms and provisions of the Original Agreement shall remain in full force and effect. 3. This Amendment shall be binding on the parties hereto, their heirs, executors, successors, and assigns. // REMAINDER OF PAGE INTENTIONALLY LEFT BLANK // IN WITNESS WHEREOF, the parties hereto have executed this First Amendment to Agreement the day and year first above written. COUNTY OF EAGLE, STATE OF COLORADO By and through its Board of Cou • issioners ATTEST: By: 4 � Peter F. Runyon, Chairman t om,. ! . .r M � ► j. o * Teak Simonton, Clerk to the :. iO4 LESSEE: By: Je Kokes STATE OF ) ss. COUNTY OF The foregoing instrument was acknowledged before me by Jerry Kokes this °moo day of ',•.,' c�c— , 2012. My commission expires: Notary Public