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HomeMy WebLinkAboutC17-070 Vail Valley Jet CenterFIRST AMENDMENT TO AGREEMENT BETWEEN EAGLE COUNTY, COLORADO AND VAIL VALLEY JET CENTER, LLC THIS FIRST AMENDMENT ("First Amendment") is effective as of 03/01/2017 and between Vail Valley Jet Center, LLC, a Colorado limited liability company (hereinafter "Consultant" or "Contractor") and Eagle County, Colorado, a body corporate and politic (hereinafter "County"). RECITALS by WHEREAS, County and Consultant entered into an agreement dated the 20"' day of February, 2007, for certain Services (the "Original Agreement") (C07-052, De -Icing Facility Agreement); and WHEREAS, the term of the Original Agreement expires on the 20't' day of February, 2017, and the parties desire to extend the term of the Original Agreement for an additional year on the same terms and conditions as set forth in the Original Agreement. FIRST AMENDMENT NOW THEREFORE, in consideration of the foregoing and the mutual rights and obligations as set forth below, the parties agree as follows: 1. The Original Agreement shall be amended to extend the term to the 2& day of February, 2018. 2. Exhibit 1, Vail Valley Jet Center General Aviation Deicing Facility Financial Pro - Forma (2017), is attached hereto and incorporated herein by reference. 3. Capitalized terms in this First Amendment will have the same meaning as in the Original Agreement. To the extent that the terms and provisions of the First Amendment conflict with, modify or supplement portions of the Original Agreement, the terms and provisions contained in this First Amendment shall govern and control the rights and obligations of the parties. 4. Except as expressly altered, modified and changed in this First Amendment, all terms and provisions of the Original Agreement shall remain in full force and effect, and are hereby ratified and confirmed in all respects as of the date hereof. 5. This First Amendment shall be binding on the parties hereto, their heirs, executors, successors, and assigns. [Rest of Page Intentionally Left Blank] C17-070 IN WITNESS WHEREOF, the parties hereto have executed this First Amendment to the Original Agreement the day and year first above written. Attest: By: Regina O'Brien, Clerk to the Board COUNTY OF EAGLE, STATE OF COLORADO, By and Through Its BOARD OF COUNTY COMMISSIONERS �' s l By: Jillian H. Ryan, Chair CONSULTANT: VA -1L VALLEY JET CENTER, LLC LE Print Name: Paul Gordon Title: President - CEO 2 Eagle County Amendment Ext Term Final 5/14 VAIL VALLEY JET CENTER GENERAL AVIATION DEICING FACILITY FINANCIAL 2 SIA Gallons SIA Dollars otal Revenue 'ost of Sales otal Gallons otal Cost of Sales ersonnel Expenses (6 L $15K) taste Glycol Trucking and Disposal Expenses .dministrative Expenses .uto Fuel For Vehicles .dditional Insurance - GA taintenance of Equipment. agle County Airport "Cost Share" ($565,343) .dditional Storage Depreciation quipment Depreciation otal Expenses* otal Profit/(Loss) ail Valley Jet Center Profit/(Loss) County Airport "Use Fee" of Net Profit) 3% Minimum Revenue Guarantee* m Revenue Guarantee is due Eagle County r Eagle County's "Use Fee" of the GA deicing falls below 3% of Total Revenue. 2016-2017 BUDGET 15,563 $344,211 $344,21 ! 15,563 $ 5.24 $81,540 $127,316 $950 8,488 975 6,567 2,710 1,000 13,900 $126,787 $135,884 $101,913 $33,971 or $10,326 P -NT PS-- {CMT -8} FRdM: 100005 -To. 19703252587 _ Pace: 2 �-}L F: CERTIFICATE OF LIABILITY INSURANCE CATEtMMMD'YYYYj 12!28,12(116 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS HD RIGHTS UPC1N THE GERT1FfCATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW, THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED Provisions or be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this Certificate does not confer rights to the eerlificate holder in iieu of such endorsements . PRODUCER AirSure Limited Frc� ACT ' A'r5ure LimitP,ri 25548 Genesee Trail Road E Golden, CO 80401 303-526-531010 ; No,, �n3 J26 53os L INSURER 3)AFFCRDING CDVERAGE NAIC0 INSURED INSURER A Starr Indernn • & Liab'il:t y C omp an y 38318 Vail Valley Jet Center, LLC INSURER North Pointe Insurance Com an 27740 871 Cooley Mesa Rd. INSURER - Travelers Inmm denity Con 25558 Gypsum C0 81637 INSURER n c .INSURER E INSURER F: COVERAGES CERTIFICATE NUMBER: 3350$313 REVISION NUMBER: THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED? ABOVE FOR THE POLICE' PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTI IER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCEDBY PAID CLAIVS- LTR TYPE OF INSURANCE OL SLIER POLICY EFF POLICY LAV SU D POLICYNUMB ER MrA1DDlYYY MMIODrfYYY A -/ CDA'IMERCIALGENER!{LL.EAE71L1TY N� 10007229772-101 12131r2011663012018 CLAIMS -MAGE I —] OCCUR Deduct bte: $10,000 GEN'L ArrRECATE LIMI TAPPLIES PER FY]LiCy ❑ PRO F --j JE CT IOC CI) MOE1LELIABILITY BA7C10011117HPR 11112filT 1f112018 f ANYAUTO C)LYNE❑ SCHEDIJ[ FT AUTCS CNLI AUTOS HIREC NON-CVVNED AUTOS ONLY AUTOS CNI y UMBRELLA LJAH OCCUR EXCESS LJA14 C! Ar.4S B WORKERS COM PENSA i ION AND E MP LOVERS' LIABILITY Y I N AN " P RO P R IETOR.lmARTNE R' LJrk, CL TIV E 01- - CER;MEMBERI-XnI TIDED? ❑ N I A IMan datory in Nil If yes, ees-dbe under DE SCRIPTION OF OPERATIONS F•r•.L l 111112018 1)ESCHill 1gN OF OPERATIONS 1 LO CAI IONS f VEHICLES (AC ORO 101, AdGIlion a: Rmlarks Schedule, may be apache d IT mwe space Is rrquire'd) LIMITS EAC'.H DCCAJRRENCE $ 100,0100,000 D^ A'ETO PREMISES a o:aurrrn rr. $ 1.000,000 LIE17 EXP My �e aersxl $ 1010,000 PERSCNAI 8 ADV INJURY S 25,000,000 GENERAI AOL;RECATE $ 100,0011,000 PRO DIIC'TS -COMrieCInAGG s 100,000,000 Han s 51100,000.0010 ,egg Ea a^- of LEL $ 1101010,000 BC C: LY INJURY INrpnrrnnl $ BCOILw INJURY (Par arcirrnl) £ PROPERTY DAMAGE $ (Per a•d 5 EACH OCE.11RRFNCE $ AGGREGATE g ✓ PEA FR E EACH ACC ICENT $ 1,000,1000 E.L. DisEA3E - EA EMPI C:YEE $ 1.0010 non E1. DISEASE Pri IG' LIM T 1 $ 1.000,000 Coverage is primary and is not contribulory by any insurance or self-insurance maintained by the Certificate Halder. We won't cover the CPrtiFcale Holder for cia ms arising ouL of lheirIiability as manufacturer, seller, handler, diSir. bLit or or service Facility of any product or service sold, handled, distributed or provided. FICATE Eagle County PO Bax 850 Eagle CO 81631 CANC E LLATIO SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED 13EFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. AUTHORIZED liiPNLSENTATIVE Cd Kerin Dodd ©1988-2015 ACCORD CORPORATION. AN rights reserved. ACORD 25 (2016103) The ACORD name and logo are registered marks of AC ORD -35]E373 16-17 G— WC, Aute Al— ff—teL F. 13: B FM !m=Fac= t -,T