HomeMy WebLinkAboutC21-111 Redbird AircraftFIRSTAMENDMENTTOAIRPORTFAQLrIYESLEASEBETWEENEAGLECOUNTY,COLORADOANDREDBWDAIRCRAFT,INC./JAMESBENSONTHISFIRSTAMENDMENT(“Amendment”)iseffectiveasofthe1’dayofNovember,2020byandbetween EagleCounty,Colorado,abodycorporateandpolitic,hereinafterreferredtoas“Lessor”andRedBirdAircraft,Inc.,aFloridacorporation,togetherwithJamesBenson,RedBirdandBenson hereinaftercollectivelyreferredtoas“Lessee.”RECITALSWHEREAS,LessorandSBSPartnership,consistingofLesterStreeter,TrevorBradwayandBarryStott,enteredintoanAirportFacilities LeaseonOctober7,1980,forpurposesofSBSconstructingahangarandrampontheDemisedPremises(“OriginalAgreement”);andWHEREAS,onAugust20,1997,LessorconsentedtoanassignmentoftheOriginalAgreementtoTomHarned,KevinClairandCharlesH.Rosenquist,whoassumedjointlyandseverallyallobligationsofSBSPartnershipundertheOriginalAgreement;andWHEREAS,onSeptember29,2004,Tom HarnedsoldhisinterestinthehangarlocatedontheDemisedPremisestoKevinClair; andWHEREAS,onMarch16,2010,MargaretR.Rosenquist,aspersonalrepresentativeoftheEstateofCharlesH.Rosenquest,assignedtheRosenquestinterestintheOriginalAgreementtoAirplaneHangar,LLC,aColoradolimitedliabilitycompany;andWHEREAS,onJuly31,2012,KevinClairassignedallofhisrightsandinterestsintheOriginalAgreementtoJamesBenson(“Benson”);andWHEREAS,onJuly31,2012,AirplaneHangar, LLCassignedallofitsrightsandinterestsintheOriginalAgreementtoRedBirdAircraft,Inc.,aFloridacorporation(“RedBird”);andWHEREAS,asaresultofthetransfersabovereferenced,asofJuly31,2012allrightsandinterestsintheOriginalAgreementandallrightsandinterestinthehangarconstructedupontheDemisedPremiseswereownedbyRedBirdandBenson.WHEREAS,theTermoftheOriginalAgreementexpiredonOctober31,2020,andthepartiesdesiretoamendtheOriginalAgreement,nuncprotunctoextendtheTerm foroneadditionalfive-yearperiod,fromNovember,1,2020throughOctober31,2025,andtoamendSection7oftheOriginalAgreement,allonthetermsandconditionssetforthbelow.DocuSign Envelope ID: 4D4D7552-926D-4552-81AA-62D8F0B0DF5AC21-111 FIRSTAMENDMENTNOW,THEREFORE,inconsiderationoftheforegoingandthemutualrightsandobligationsassetforthbelow,thepartiesagreeasfollows:1.SECTIONSIX,TERM,oftheOriginalAgreement,isdeletedinitsentiretyandreplacedwiththefollowinglanguage:Subjecttoearlierterminationashereinafterprovided,theTermofthisAgreementshallbetheperiodcommencingonthe1stdayofNovember,2020,andendingonthe31stdayofOctober2025.2.SECTIONSEVEN,RENTALSANDCHARGES,isdeletedinitsentiretyandreplacedwiththefollowinglanguage:LesseeagreestopayLessorfortheuseofthepremises,facilities,rights,servicesandprivilegesgrantedhereunderrentalsandchargesaccordingtothefollowingschedule:a.FortheexclusiveuseofthehangarareadescribedonExhibitAandA-ioftheOriginalAgreement(the“HangarArea”),LesseeherebycovenantsandagreestopayLessorasbaserentthesumof$0.35persquarefootoflandforatotalof5,160squarefeet,or$1,806forthefirstyearoftheTerm(the“BaseRent”),whichsumshallbepaiduponexecutionofthisAmendment.TheBaseRentshallbesubjecttoanannualincreaseofthreepercent(3%)oftheBaseRentpaidintheprecedingleaseyear,commencingonNovember1ofthesecondyearoftheTerm.b.IntheeventLesseedesirestoutilizeadditionallanddesignatedonExhibitAandA-ioftheOriginalAgreementwhichisnotpartoftheHangarArea,forsuchpurposesas,including,butnotlimitedto,rentaloftie-downspaces,LessorshallhavetherighttoincreasetheBaseRentpaidattherateof$0.35persquarefootfortheadditionalspaceused.c.ForuseofotherAirportfacilities(landingandtakeofffees,etc.),LesseeshallpayLessororitsconcessionairesuchfeesasarechargedtootherusesofAirportfacilitiessimilarlysituatedasfromtimetotimedeterminedbyLessor.3.CapitalizedtermsinthisFirstAmendmentwillhavethesamemeaningasintheOriginalAgreement.TotheextentthatthetermsandprovisionsoftheFirstAmendmentconifictwith,modifyorsupplementportionsoftheOriginalAgreement,thetermsandprovisionscontainedinthisFirstAmendmentshallgovernandcontroltherightsandobligationsoftheparties.2DocuSign Envelope ID: 4D4D7552-926D-4552-81AA-62D8F0B0DF5A 4.Exceptasexpresslyaltered,modifiedandchangedinthisFirstAmendment,alltermsandprovisionsoftheOriginalAgreementshallremaininfullforceandeffect,andareherebyratifiedandconfirmedinallrespectsasofthedatehereof.5.ThisFirstAmendmentshallbebindingonthepartieshereto,theirheirs,executors,successors,andassigns.INWITNESSWHEREOF,thepartiesheretohaveexecutedthisFirstAmendmenteffectiveasofthe1StdayofNovember2020.COUNTYOFEAGLE,STATEOFCOLORADO,ByandThroughItsBOARDOFCOUNTYCOMMISSIONERSBy:MattScherr,ChairAttest:By:ReginaO’Brien,ClerktotheBoard3DocuSign Envelope ID: 4D4D7552-926D-4552-81AA-62D8F0B0DF5A By:JAMESBENSONJamesBensonSTATEOFCOLORADO))55.REDBIRDAIRCRAFT,INC.By:_____ArthurGeneLanhamSTATEOFCOUNTYOFsççCOLORADOEAGE-E))SS.)TheforegoinginstrumentwasacknowledgedbeforemebyArthurthis7dayofft’7tcc,2021.yCormmss1onpfres.0t13’!MiSVJLrXGeneLanham,COUNTYOFEAGLE)TheforegoinginstrumentwasacknowledgedbeforemebyJamesBenson,this______dayof.2021.MyCommissionexpires:NotaryPublic4DocuSign Envelope ID: 4D4D7552-926D-4552-81AA-62D8F0B0DF5A JAMESBENSON,TesBensonSTATEOfCOLORADO))SS.COUNTYOfEAGLE)TheforegoinginstrumentwasacknowledgedbeforemebyJamesBenson,this_______dayof/Qyçfl,2021.MyCommissionexpires:p7y?NotaryPui__________________REDBIRDAIRCRAFT.INC.CINThIAJCALDERONSANCHEZNOTARYPUUCSTATEOFCOLORADONOTARYID20214005544By:___________________________MYCOMMISSK)NEXPIRES02110/2025ArthurGeneLanhamSTATEOfCOLORADO))SS.COUNTYOfEAGLE)TheforegoinginstrumentwasacknowledgedbeforemebyArthurGeneLanham,this_____dayof,2021.MyCommissionexpires:_________________NotaryPublic4DocuSign Envelope ID: 4D4D7552-926D-4552-81AA-62D8F0B0DF5A