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HomeMy WebLinkAboutECAT15-016 NGSI - Space 2 CONFIRMATION OF EXTENSION AND AMENDMENT OF LEASE AGREEMENT FOR OPERATION OF COFFEE/RETAIL CONCESSION EAGLE COUNTY AIR TERMINAL CORPORATION EAST SPACE/SPACE 2 between EAGLE COUNTY AIR TERMINAL CORPORATION and NGSI VAIL,LLC THIS CONFIRMATION OF EXTENSTION AND AMENDMENT OF LEASE AGREEMENT ("Confirmation and Amendment") is made this L'i-Clay of tc--_-b1acA( 2015, between Eagle County Air Terminal Corporation ("ECAT"or"CORPORATION")and NGSI Vail, LLC ("Concessionaire"). WITNESSETH: WHEREAS, ECAT and Concessionaire are parties to an agreement dated March 28, 2007 ("Original Agreement") for the lease and operation of a retail concession inside the Eagle County Air Terminal and to an Extension of the Original Agreement dated September 18, 2012 ("Extension"); and WHEREAS, ECAT and Concessionaire wish to confirm an extension and further amend the Original Agreement and Extension as set forth herein. NOW THEREFORE, ECAT and Concessionaire, in consideration of the foregoing premises and following promises, agree as follows: 1. ECAT and Concessionaire agree that the term of the Original Agreement has been extended through October 31,2017. Concessionaire shall have the further option to extend the Original Agreement as modified herein for an additional two year period, from November 1, 2017 through October 31, 2019 (a Renewal Term) upon giving written notice to ECAT not less than 180 days and not more than 270 days prior to the expiration of the current Renewal Term of its notice of intent to renew. 2. ECAT and Concessionaire agree that Concessionaire has satisfactorily completed the Conditions referred to in paragraph 1 of the Extension and as more fully set forth in paragraph 3 A through D of the Extension. EC.Ai , , IN WITNESS WHEREOF,the parties hereto have executed this Confirmation of Extension and Amendment of Lease Agreement for Operation of Coffee/Retail Concession for the Eagle County Air Terminal East Space/Space 2 on the day and year first written above. EAGLE CO TY AIR TERMINAL CORPO i' ,' TION BY: ' 1r4g_IL A i I .LAr. Kathy 4 andler-Henry, President 4 Attest: BY: i_dr,�Ar". Brent cFall, S-cretary NGSI VAIL, LLC By: / Province of 0 AL-r z ) c- )ss. City of 1&ri,4, ) The foregoing instrument was acknowledged before me this �L day of Ceek4., , 20 I S. by A1eA.c R.ale,. 1-44A/ (name of person acknowledged), its Svl,c,lZ,i (title)oNGSI Vail, LLC. My commission expires: N/A Notary Pu