HomeMy WebLinkAboutbocc.con.125.2010CLERK'S CHECK LIST
FOR CONTRACTS SUBMITTED TO CLERK AND RECORDER FOR
SCANNING/ARCHIVING
CONTRACT #: 125-2010
ORIGINATING DEPARTMENT/DIVISION: Jim Elwood
CONTACT PERSON: Jim Elwood
PROJECT NAME: Patio Shelter Lease
^ BOCC AGENDA ITEM
(Requires BOCC Signature)
CHECK PROCUREMENT TYPE:
PHONE #: 970-429-2851
®STAFF AUTHORIZED SIGNATURE
(per Revised Procurement Code 7/2005)
^None ^Informal ®Formal ^Sole Source ^Emergency ^State Bid ^
^Compliance with House Bills 06-1343 and 07-1073 (Under $10,000, Letters of Engagement, etc.)
CHECK CONTRACT TYPE:
DOLLAR AMOUNT: 7051.92 BUDGET LINE ITEM/LEDGER NUMBER: 404.69.91458.6399
^ Services/Maintenance
^License/Use
®Lease
^Construction
^Goods, Equipment, S~;
^Other (e.g. revenue)
^Employment (for county employees)
^Intergovernmental Agreement (Requires BOCC Action)
^Non-Profit
^Quasi-Public
pplies ^Grant Agreements (Requires BOCC Action)
^Change Order/Contract Amendment
CONTRACTOR/BUSINESS:David Kingen Complete Legal of Name of Business
Contract Execution Date:05/18/2010 Contract End Date: 5/17/2011
Automatic Renewal ^Yes ®No Term of Contract: 1 year
All Contracts should be proofed for the following: (~~
/ ®No Pages Missing I ~ ~ (/
/ ^If a Page is Left Intentionally Blank Note on Page
/ ®Page numbered consecutively v I _
/ ®All Signatures Affixed
/ ^All Dates Filled In
/ ®All Other Blanks Filled In
/ ®All Exhibits Attached
/ ^HB 06-1343 and 07-1073 Legislation Included in RFP and/or Contract
/ ^All Legal Descriptions Attached (if appropriate)
/ ^Notice of Award/Proceed Attached (if appropriate)
/ ^Warranty, if applicable
^Special Instructions for Finance Department:
®Sent to Clerk and Recorder for Scanning/Archiving
®Authorized Staff Person's Name: Jim Elwood
BY CHECKING ABOVE AND ENTERING NAME, THE AUTHORIZED STAFF
PERSON INDICATES THAT THE ATTACHED DOCUMENT HAS BEEN PROOFED
AND READY FOR SCANNING.
NOTE: CLERK'S OFFICE WILL KEEP ORIGINAL DOCUMENTS IN COMPLIANCE
WITH COLORADO STATE ARCHNES RETAINAGE SCHEDULE.
AMENDED 04/01/08
PATIO SHELTER HANGAR
ANNUAL LEASE AGREEMENT
THIS PATIO SHELTER HANGAR LEASE AGREEMENT, is entered into and
effective this (day of moth, Year,) by and between the PITKIN COUNTY BOARD OF
COUNTY COMMISSIONERS, a political subdivision of the State of Colorado ("BOCC")
and David Kingen ("Lessee").
RECITALS
A. The BOCC owns and operates Sardy Field, the Aspen/Pitkin County Airport,
located in Aspen, Pitkin County, Colorado ("Airport").
B. Lessee, David Kingen, wishes to lease a patio shelter-type hangar, located on the
Airport, and to store aircraft owned or leased by the Lessee in that hangar.
NOW, THEREFORE, in consideration of the above Recitals and the mutual promises
and representations set forth below, the parties hereby agree as follows:
ARTICLE I. LEASED PREMISES
A. The BOCC hereby leases to Lessee, and Lessee hereby leases from the BOCC, a
parcel of real property on the Airport designated of the following described size: [Medium], to
be designated as Patio Hangar Space No. B-7, to be as shown on the map to be attached hereto as
Exhibit A and incorporated herein by this reference when completed by the BOCC, and any and
all rights, privileges and appurtenances herein described as belonging to said space, subject,
however, to all restrictions and other encumbrances of record. The parcel of real property shall
hereinafter be referred to as the "Leased Premises".
B. Lessee is also granted the nonexclusive right to utilize such Airport runways,
taxiways, and public use aprons ("airfield areas"), and such other rights of way and access across
the Airport ("Airport rights of way"), as necessary for ingress and egress to its Leased Premises,
and to the extent necessary to enable Lessee to utilize the Leased Premises for the purposes
discussed herein. Lessee's use of said airfield areas and other Airport rights of way shall be on a
nonexclusive, non-preferential basis with other authorized users thereof. Lessee shall abide by
all directives of the BOCC, the Federal Aviation Administration ("FAA") and any other
governmental entity having jurisdiction over the Airport, governing their use of said airfield
areas and other Airport rights of way, either alone or in conjunction with other authorized users
thereof. Furthermore, the BOCC may from time to time increase or decrease the size or capacity
of any airfield areas and other Airport rights of way or facilities (other than the Leased
Premises), make alterations thereto, reconstruct or relocate them, modify the design and type of
construction thereof, or close them, or any portion or portions of them, either temporarily or
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permanently, without being liable for any damages that may be caused Lessee thereby, and
without being deemed to have terminated this Agreement as a result thereof.
C. BOCC reserves the right to subordinate the provisions of this Lease to the
provisions of any future agreement between the BOCC and the United States Government
relative to the operation, maintenance or development of the Airport which agreement may be
required as a condition precedent to the expenditure of Federal Funds for the development,
maintenance or operation of the Airport, if such an Agreement is entered into between the
County and the United States Government, the parties agree to execute an amendment to this
Lease so as to remove any material inconsistencies between this document and any agreement
with the United States Government. Furthermore, in the event that by reason of any such
agreement with the United States Government as aforesaid, it becomes necessary to modify,
relocate or remove any improvements or other structures situated on the Leases Premises, or to
move the Leased Premises itself, Lessee agrees to modify, relocate or remove any such
improvements or structures, or to move to a new location for the Leased Premises, as directed by
BOCC and BOCC shall compensate and reimburse Lessee for reasonable damages, costs and
expenses (including modification, removal or relocation costs) suffered or incurred by Lessee in
consequence thereof. If, due to the conditions of any agreement between the BOCC and the
United States government, the Leased Premises cannot be relocated at the Airport, the BOCC has
the right to terminate this lease upon sixty (60) days notice to the Lessee by paying to the Lessee
the then unamortized cost of the Lease as of the date of termination.
ARTICLE II. GRANT OF USE
A. The BOCC hereby grants Lessee the exclusive right to use the Leased Premises to
store aircraft owned or leased by Lessee, or by any entity in which the Lessee has a bona fide
ownership interest, and Lessee's automobile when the aircraft is in use. The Lessee understands
that restrictions, including any prohibition required by County, state or federal law, may apply to
the parking of automobiles. The restrictions will be at the discretion of the Airport Director. All
uses by the Lessee shall be in compliance with the rules and regulations of the Airport and with
all FAA regulations. The Lessee shall always keep the BOCC advised of the type of aircraft
stored in the Leased Premises, and the tail number of that aircraft. In addition, Lessee may sub-
let the Leased Premises subject to the conditions in Article XIX.
B. Lessee shall not use, nor permit others to use, the Leased Premises, and any
improvements thereon, to store automobiles or equipment unrelated to Lessee's use of the Leased
Premises under this Agreement; to fuel any aircraft or vehicles in any manner that would violate
the regulations of the Airport, or for any other purpose than Lessee's aeronautical services and
activities authorized by Subparagraph A above, unless the BOCC authorizes Lessee, in writing,
to use the Leased Premises, and any improvements thereon, for said additional purposes.
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ARTICLE III. TERM
A. The initial term of this Patio Shelter Hangar Lease Agreement shall be deemed to
commence at 12:01 a.m. on 18t" day of May, 2010 and shall terminate at midnight on the 17th
day of May, 2011. The Lessee may terminate the Lease upon sixty (60) days notice to the
BOCC, provided that in that event, the Lessee shall not be entitled to the return of any prepaid
unamortized cost of the Lease. The Lessee may extend the term of the contract on a monthly
basis in the event that a Small shelter is anticipated to be purchased within 6 months of this
termination date.
ARTICLE IV. RENT AND OTHER FEES
A. Rent.
1. The monthly rent for the Leased Premises shall be: $576. The initial rent
shall consist of the first month's rent, the last month's rent and a security deposit equivalent to
one month's rent. Rent will be paid in advance and will be billed monthly. The Lessor may
increase the monthly rent once per year. Any changes made in the monthly rent will be noticed
prior to January 1St of each year and shall be in effect for the remainder of the year.
B. Payment of Fees.
1. All billing for monthly payments for ground rent and other costs will be made
by Atlantic Aviation, on behalf of the BOCC. Payment will be made to Atlantic Aviation, who
will-forward the collected payments to the BOCC.
C. Interest. Any ground rental or other monies owed to the BOCC under this Lease
Agreement which are not received when due, or any monies paid by the BOCC on Lessee's
behalf which were Lessee's responsibility under this Lease Agreement, shall accrue interest at the
rate of one and one-half percent (1%2%) per month from the due date or date when the BOCC
made payment on Lessee's behalf, until receipt of full payment from Lessee. Any payments
received shall be applied first to accrued interest, and then to the reduction of the actual amounts
owed by Lessee.
ARTICLE V. IMPROVEMENTS
During the term of this Lease, Lessee shall have no right to construct any improvements,
alterations, or additions to the Leased Premises, or to any improvements presently located
thereon, in furtherance of Lessee's authorized use of the Leased Premises without the written
consent of the BOCC, which may be withheld at the discretion of the BOCC.
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ARTICLE VI. MAINTENANCE AND UTILITIES
A. During the term of this Lease, Lessor shall, at its own expense, maintain and keep
all portions of the Leased Premises, and any improvements, fixtures and equipment which are
part of the Leased Premises, in good operating physical condition and repair.
B. During the term of this Lease, Lessee agrees to keep Leased Premises in a safe
and clean condition, and to not permit any unsightly accumulation of wreckage, debris, or trash
where visible to the general public visiting or using the Airport.
ARTICLE VII. DAMAGE TO AIRPORT
Lessee shall be liable for any damage to the Airport and to any improvements thereon
caused by Lessee, its officers, agents, employees, contractors, subcontractors, assigns,
subtenants, customers, guests, invitees, or anyone acting under its direction and control, ordinary
wear and tear excepted. All repairs for which Lessee is liable may be made by Lessee at its own
expense, provided that said repairs are made timely and to the BOCC's satisfaction as to the
quality of repair or, if not timely or satisfactorily made by Lessee, then by the BOCC at Lessee's
expense.
ARTICLE VIII. DEFAULT AND REMEDIES
A. Events of Default. The following shall constitute defaults by Lessee:
1. Failure to pay monthly operational fees or electrical engine heating fees,
or any other monies owed hereunder, or under any other agreements between the parties, when
such monies are due, and the failure to cure said delinquency within a period of ten (10) days
following written notice of said delinquency;
2. Any other failure in the performance of any covenant or obligation
required herein, and the failure to cure said delinquency within a period of thirty (30) days
following written notice of said delinquency;
3. The acquisition of Lessee's interest in this Lease Agreement by execution
or other process of law when said process of law is not discharged within fifteen (15) days
thereafter; and
4. Lessee's general assignment of its rights, title and interest hereunder for
the benefit of creditors; or the appointment of a receiver for Lessee's property if the appointment
is not vacated within ninety (90) days.
5. Filing by or against Lessee in any court pursuant to any statute either of
the United States or of any state, of a petition of bankruptcy or insolvency, or reorganization, or
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the appointment of a receiver or trustee, of all or a portion of Lessee's property if, within sixty
(60) days after commencement of any such proceedings involving Lessee, such petition shall not
have been dismissed.
B. Remedies Upon Default. Upon the occurrence of any of the events of default set
forth in Subparagraph A above, the BOCC may exercise any one or more of the following
remedies. These remedies shall be cumulative and not alternative:
1. The BOCC may sue for specific performance;
2. The BOCC may sue for recovery of all damages incurred by the BOCC,
including incidental damages, consequential damages, if any, and reasonable attorneys' fees;
3. The BOCC may terminate this Lease Agreement and, at the option of the
BOCC, any other agreement in effect between the parties. The termination of these agreements,
however, shall only be effective upon written notice of same provided by the BOCC to Lessee.
In no event shall this Lease be construed to be terminated unless and until such notice is
provided. The termination may be effective immediately upon provision of said notice, or at any
other time specified in the notice. If this Lease is terminated, Lessee shall continue to be liable
for: (a) the performance of all terms and conditions, including the payment of all monthly ground
rent and all other monies due or accrued hereunder prior to the effective date of said termination;
and (b) all damages, including attorneys' fees and other expenses of collection, incurred as a
result of any default.
4. Without terminating the Lease by so doing, and without further notice to
Lessee, BOCC may re-enter the Leased Premises with or without process of law, repossess the
Leased Premises and all fixtures and improvements thereon, and remove Lessee and any third
parties who may be occupying or within the Leased Premises and all of their respective personal
property, by using either such reasonable force as may be necessary, summary proceedings,
ejectment, or any other means, the BOCC, in its sole discretion, deems appropriate without being
deemed guilty of any trespass, eviction, or forcible entry and detainer by so doing. In such case,
the BOCC shall be obligated to attempt, in good faith, to negotiate the reletting of the Leased
Premises, and any improvements thereon, or any portion thereof, on behalf of Lessee, for such
period of time and upon such terms and conditions as the BOCC deems appropriate. The BOCC
shall in no way be obligated under the terms of this subparagraph to relet all or any portion of the
Leased Premises, or any improvement thereon, to any third party, or upon terms and conditions,
that are not acceptable to the BOCC, or which the BOCC, in its sole discretion, does not feel to
be in the best interests of the Airport; nor shall the BOCC be responsible for any failure by the
sublessee or new tenant to pay rent or to perform any other conditions due upon such reletting.
Lessee hereby expressly authorizes BOCC to make any reasonable repairs or renovations
necessary to relet the Leased Premises, or any improvements thereon, on Lessee's behalf.
Assuming BOCC attempts to relet the Leased Premises, in good faith, whether or not BOCC is
able to relet the Leased Premises, Lessee shall remain liable for the performance of all terms and
conditions of the Lease and the payment of all monies due under the Lease for the remainder of
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the leasehold term, although Lessee shall receive credit for any monies paid or conditions
performed as a result of reletting. Lessee shall also be responsible for reimbursing the BOCC for
all costs and expenses the BOCC incurs in reletting or attempting to relet the Leased Premises,
including reasonable repair and renovation costs. Finally, if, as a result of such reletting, BOCC
becomes entitled to receive excess rentals or other benefits over and above what BOCC would
have been entitled to receive under this Lease Agreement, BOCC shall be entitled to retain all
such surplus rentals and other benefits, and Lessee shall have no rights or interest therein.
5. The BOCC may utilize any other remedy provided by law
or equity as a result of any events of default.
C. Force Majeure. Any defaults by either of the parties in the performance of
any of the terms and conditions contained herein shall be excused where
due to force majeure, which, among other things, shall include natural
catastrophes such as hurricanes, tornadoes, or floods, acts of God, acts of
war, and governmental statutes, regulations, directives, or contracts
governing the operation of the Airport, with which the BOCC or Lessee
must comply.
ARTICLE IX. COMPLIANCE WITH STATUTES, RULES,
REGULATIONS. DIRECTIVES
A. Lessee shall observe and obey all statutes, rules, regulations and directives
promulgated by the BOCC and other appropriate local, state and federal
entities having jurisdiction over the Airport, including the Federal
Aviation Administration ("FAA") and the Environmental Protection
Agency. Without limiting the foregoing, Lessee agrees to utilize its Leased
Premises, and the common areas of the Airport, and all improvements
thereon, in compliance with the Federal Aviation Regulations, including
all amendments hereafter made, embodied in 49 C.F.R. Parts 107 and 108,
which are specifically incorporated and made apart of this Lease
Agreement. Lessee further agrees to perform all of its operations
authorized hereunder in accordance with all of the terms and conditions of
the rules and regulations for the Airport as the same may be amended from
time to time. If there is any inconsistency between the terms of this
Agreement, and the rules and regulations for the Airport, the terms of this
Agreement shall control. Lessee further agrees to comply with all verbal
and written directives of the Airport Director regarding Lessee's use of the
Leased Premises, the Airport's airfields and ramps, and other common
areas elsewhere on the Airport.
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B. Should Lessee, its officers, agents, employees, customers, guests, invitees,
subtenants, assigns, contractors or subcontractors violate any local, state or federal law, rule or
regulation applicable to the Airport, and should said violation result in a damage award, citation
or fine against the BOCC, then Lessee shall fully reimburse the BOCC for said damage award,
citation or fine and for all costs and expenses, including reasonable attorneys' fees, incurred by
BOCC in defending against or satisfying the award, citation or fine.
ARTICLE X. INSPECTION
At any time, the BOCC may inspect the Leased Premises, and any improvements,
fixtures or equipment thereon.
ARTICLE XI. QUIET ENJOYMENT
The BOCC expressly covenants and represents that upon payment of fees when due and
upon performance of all other conditions required herein, Lessee shall peaceably have, possess
and enjoy the Leased Premises and other rights herein granted, without hindrance or disturbance
from the BOCC, subject to the BOCC's various rights contained elsewhere in this Agreement.
ARTICLE XII. REPRESENTATIONS
The BOCC expressly covenants and represents that it is the owner of the Leased
Premises, and has the right and authority to enter into this Lease Agreement and grant the rights
contained herein to Lessee.
With respect to Lessee, the undersigned warrants and represents that he is authorized to
execute this Lease on Lessee's behalf and shall be bound as a signatory to this Lease by his
execution of this Lease.
ARTICLE XIII. WAIVER
Should Lessee breach any of its obligations hereunder, the BOCC nevertheless may
thereafter accept from Lessee any payment or payments due hereunder, and continue this Lease
Agreement in effect, without in any way waiving the BOCC's right to exercise and enforce all
available default rights hereunder, or any other remedies provided by law, for said breach. In
addition, any waiver by either party of any default, breach or omission of the other under this
Lease Agreement shall not be construed as a waiver of any subsequent or different default,
breach, or omission.
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ARTICLE XIV. NOTICE
Any and all notices required herein to be made by either party to the other shall be
written notice made by depositing such notice, correctly addressed, via certified mail of the
United States of America, postage prepaid, and such notice shall be deemed to have been served
on the date of such depositing.
All notices to the BOCC shall be mailed to:
Airport Director
Aspen/Pitkin County Airport
0233 East Airport Road
Aspen, CO 81611
All notices to Lessee shall be mailed to:
David Kingen
2400 Lazyo Road
Snowmass, CO 81654
Each party may, from time to time, change the address to which notices to said party are
to be sent, by providing written notice of said change of address to the other party in accordance
with the procedure set forth in this Article.
ARTICLE XV. RELATIONSHIP OF PARTIES
It is understood that the BOCC is not in any way or for any purpose partner or joint
venturer with, or agent of, Lessee in its use of the Leased Premises or any improvements thereon.
ARTICLE XVI. PARTIAL INVALIDITY
If any term or condition of this Lease Agreement or the application thereof to any person
or event shall to any extent be invalid and unenforceable, the remainder of this Lease Agreement
and the application of such term, covenant or condition to persons or events other than those to
which it is held invalid or unenforceable shall not be affected and each term, covenant and
condition of this Lease Agreement shall be valid and be enforced to the fullest extent permitted
by law.
ARTICLE XVII. SUCCESSORS
The provisions, covenants and conditions of this Lease Agreement shall bind, and inure
to the benefit of, the legal representatives, successors and assigns of the parties hereto.
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ARTICLE XVIII. ATTORNEYS' FEES, COSTS
AND EXPENSES OF LITIGATION
In the event of a breach of this Lease Agreement, the breaching party shall pay to the
non-breaching party all reasonable attorneys' fees, costs and other expenses, incurred by the non-
reaching' party in enforcing its rights as a result of said breach.
ARTICLE XIX. ASSIGNMENT AND SUBLEASE
A. Lessee shall not assign its interest nor sublease the Leased Premises.
ARTICLE XX. SURRENDER UPON TERMINATION
Upon the expiration or sooner termination of this Lease Agreement, for any reason
whatsoever, Lessee shall peaceably surrender to the BOCC possession of the Leased Premises,
together with any improvements, fixtures or personal property of the BOCC thereon, in as good a
condition as the Leased Premises, and improvements, fixtures and personal property were
initially provided to Lessee, ordinary wear and tear excepted, without any compensation
whatsoever, and free and clear of any claims of interest of Lessee or any other third party
whomsoever. Lessee shall restore the Leased Premises, and other improvements from which the
fixtures or property were taken (if the improvement involved is not also being removed from the
Leased Premises), to good condition and repair.
ARTICLE XXI. HAZARDOUS WASTE/ENVIRONMENTAL POLLUTION
Lessee shall be solely responsible for the prevention, control and cleanup of all fuel, gas
and oil leaks and spills, hazardous waste, lavatory waste and other environmental pollution
caused by Lessee's operations in the Leased Premises, in accordance with applicable local, state
and federal laws and regulations, and it shall hold the BOCC harmless from said prevention,
control and cleanup costs and obligations. The parties each reserve their various claims and
defenses against one another for the cleanup of any environmental pollution that occurred on the
Leased Premises prior to the commencement date of Lessee's leasehold term hereunder. It is
noted that in the ordinary course of storing and parking aircraft that some minor fuel and oil
spillage shall occur and that Lessee shall have no extraordinary obligation for clean up of such
spills.
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ARTICLE XXII. EMINENT DOMAIN
A. In the event that all or any portion of the Leased Premises is taken for any public
or quasi-public purpose by any lawful condemning authority, including the BOCC, exercising its
powers of eminent domain (or in .the event that all or any portion of the Leased Premises is
conveyed to such a condemning authority in settlement and acceptance of such condemning
authority's offer to purchase all or any portion of the Leased Premises in connection with its
threat to take said areas under power of condemnation or eminent domain), the proceeds, if any,
from such taking or conveyance shall be allocated between the BOCC and Lessee according to
the applicable Colorado law of eminent domain; provided, however, that in the event of
condemnation, the Lessee shall be compensated no less than the unamortized cost of the Lease as
of the date of condemnation. If a portion of the Leased Premises is so taken or sold, and as a
result thereof, the remaining part cannot be used reasonably to continue the authorized purposes
contemplated by this Lease Agreement as set forth in Article II in an economically viable
manner, then this Lease Agreement shall be deemed terminated at the end of a period of sixty
(60) days following said taking or conveyance. In that event and at that time, Lessee shall
surrender the Leased Premises to the BOCC and all of the BOCC's fixtures and personal property
thereon, and Lessee may remove its improvements, fixtures and personal property located upon
the Leased Premises, in accordance with the provisions of Article XXIII above.
ARTICLE XXIII. RENEWAL
Lessee has no guaranteed or preferential right, as against other third parties, of reletting
the Leased Premises, or any improvements thereon, following termination of this Lease. Should
Lessee desire to relet the Leased Premises following the expiration or sooner termination of this
Lease, Lessee shall submit an application for lease in accordance with Airport leasing rules and
regulations in effect at that time. Lessee's application will be reviewed by the BOCC, along with
all other applications, if any, in accordance with then applicable Airport leasing rules and
regulations.
ARTICLE XXIV. GOVERNING LAW AND VENUE
This Lease shall be interpreted in accordance with the laws of the State of Colorado and
applicable federal law. Lessee further agrees that should either party believe it necessary to file
suit to interpret or enforce any provisions of this Agreement, the exclusive venue and jurisdiction
for said lawsuit shall be in the Pitkin County, Colorado District Court, or if federal court
jurisdiction would be appropriate, then in the Federal District Court in Denver.
ARTICLE XXV. HOLDING OVER
If Lessee remains in possession of the Leased Premises after the expiration of this Lease
Agreement without any written renewal thereof, such holding over shall not be deemed as a
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renewal or extension of this Lease Agreement but shall create only a tenancy from month to
month which may be terminated at any time by the BOCC upon thirty (30) days written notice.
Such holding over shall otherwise be upon the same terms and conditions as set forth in this
Lease Agreement; provided, however, that the monthly rent shall be at a rate equal to One
Hundred Percent (100%) of the then current monthly rent for similar patio shelter hangar space
to the Leased Premises.
ARTICLE XXVI. ENTIRE AGREEMENT
This writing, together with the exhibits attached hereto, is the entire agreement of the
parties regarding the establishment of their leasehold arrangements. No representations,
warranties, inducements or oral agreements previously made between the parties regarding the
establishment of their leasehold arrangements shall continue unless stated therein. This Lease
Agreement shall not be changed or modified, except in writing, signed by both parties.
DONE AND EXECUTED on the date first above written.
ASPEN/PITHIN COUNTY AIRPORT LESSEE
By: _~~ ~ ~~~ ~ o, U.:h ~ ~.~-d By:
Director of Aviati
Jim Elwood
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Patio Shelter Hanger Lease Agreement -Exhibit C
Amortization Schedule
For BOCC Buy Back Option
The Table Below Lists the
"BUY BACK OPTION PRICE" for different size shelters at the end of each Month
XX Lar a XXX Lar e
Size: S mall Medium Lar e X Lar a
" n
A t"
f Un Full
it Price Dow mou
n
End o 0 $ 000
56 $ 000
66
ear Month $ 37,000 $ 42,000 $ 46,000 $ 50,00
842
49 $ ,
823
55 $ ,
65,792
1 1
2 $
$ 36,883
766
36 $
$ 41,867
734
41 $
$ 45,855
45,709 $
$ ,
49,684 $ ,
55,646 $ 65,582
3 $ ,
648
36 $ ,
41,600 $ 45,562 $ 49,524 $ 55,467 $ 65,372
4 $ ,
529
36 $ 41,465 $ 45,414 $ 49,363 $ 55,287 $ 65,160
5 $ ,
409
36 $ 41,330 $ 45,266 $ 49,202 $ 55,106 $ 64,947
6 $ ,
289
36 $ 41,193 $ 45,116 $ 49,040 $ 54,924 $ 64,732
7 $ ,
168
36 $ 41,056 $ 44,966 $ 48,876 $ 54,741 $ 64,517
8 $ ,
047
36 $ 40,918 $ 44,815 $ 48,712 $ 54,557 $ 64,300
9 $ ,
925
35 $ 40,779 $ 44,663 $ 48,547 $ 54,372 $ 64,082
10 $ ,
35,802 $ 40,640 $ 44,510
356 $
$ 48,380
213
48 $
$ 54,186
999
53 $
$ 63,862
63,642
11
12 $
$ 35,678
553
35 $
$ 40,499
358
40 $
$ 44,
44,201 $ ,
48,045 $ ,
53,811 $ 63,420
, , 876
47 $ 621
53 $ 196
63
2 13 $ 35,428 $ 40,216 $ 44,046
889 $
$ ,
706
47 $ ,
431
53 $ ,
62,972
14
15 $
$ 35,302
176
35 $
$ 40,073
929
39 $
$ 43,
43,732 $ ,
47,535 $ ,
53,239 $ 62,746
16 $ ,
048
35 $ ,
39,785 $ 43,574 $ 47,363 $ 53,046 $ 62,519
17 $ ,
920
34 $ 39,639 $ 43,414 $ 47,189 $ 52,852 $ 62,290
18 $ ,
791
34 $ 39,493 $ 43,254 $ 47,015 $ 52,657 $ 62,060
19 $ ,
34,662 $ 39,346 $ 43,093 $ 46,840
664 $
$ 52,461
264
52 $
$ 61,829
596
61
20
21 $
$ 34,531
400
34 $
$ 39,198
049
39 $
$ 42,931
42,768 $
$ 46,
46,487 $ ,
52,065 $ ,
61,362
22 $ ,
268
34 $ ,
38,899 $ 42,604 $ 46,308 $ 51,866 $ 61,127
23 $ ,
34,136 $ 38,749 $ 42,439 $ 46,129
949 $
$ 51,665
463
51 $
$ 60,891
653
60
24 $ 34,002 $ 38,597 $ 42,273 $ 45,
768
45 $ ,
260
51 $ ,
413
60
3 25 $ 868
33 $ 445
38 $ 42,106 $ , , ,
26 $ ,
733
33 $ ,
38,291 $ 41,938 $ 45,585 $ 51,055 $ 60,172
27 $ ,
597
33 $ 38,137 $ 41,769 $ 45,402 $ 50,850 $ 59,930
28 $ ,
461
33 $ 37,982 $ 41,600 $ 45,217 $ 50,643 $ 59,686
29 $ ,
323
33 $ 37,826 $ 41,429 $ 45,031 $ 50,435 $ 59,441
30 $ ,
185
33 $ 37,669 $ 41,257 $ 44,845 $ 50,226 $ 59,195
31 $ ,
046
33 $ 37,512 $ 41,084 $ 44,657 $ 50,016 $ 58,947
32 $ ,
906
32 $ 37,353 $ 40,910 $ 44,468 $ 49,804 $ 58,698
33 $ ,
766
32 $ 37,193 $ 40,736 $ 44,278 $ 49,591 $ 58,447
34 $ ,
624
32 $ 37,033 $ 40,560 $ 44,087 $ 49,377 $ 58,194
35 $ ,
482
32 $ 36,871 $ 40,383 $ 43,894 $ 49,162 $ 57,941
36 $ ,
339
32 $ 709
36 $ 40,205 $ 43,701 $ 48,945 $ 57,685
, , 507
43 $ 727
48 $ 429
57
4 37 $ 32,195 $ 36,546 $ 40,026 $ , ,
508 $ ,
171
57
38 $ 32,050 $ 36,381 $ 39,846
665 $
$ 43,311
114
43 $
$ 48,
288
48 $ ,
56,911
39
40 $
$ 31,905
758
31 $
$ 36,216
050
36 $
$ 39,
39,483 $ ,
42,916 $ ,
48,066 $ 56,650
41 $ ,
31,611 ,
$ 35,882 $ 39,300 $ 42,717 $ 47,843 $ 56,387
Exhibit C
Page 3 of 6
5
42 $
43 $
44 $
45 $
46 $
47 $
48 $
49 $
50 $
51 $
52 $
53 $
54 $
55 $
56 $
57 $
58 $
59 $
31,463
31,314
31,164
31,013
30,861
30,709
30,555
30,246
30,090
29,933
29,775
29,616
29,456
29,295
29,133
28,971
28, 807
28.643
Unit
$ 35,714 $
$ 35,545 $
$ 35,375 $
$ 35,204 $
$ 35,032 $
$ 34,859 $
$ 34,509 $
$ 34,333 $
$ 34,156 $
$ 33,977 $
$ 33,798 $
$ 33,618 $
$ 33,436 $
$ 33,254 $
$ 33,070 $
$ 32,886 $
$ 32,700 $
$ 32,513 $
$ 32,326 $
$ 32,137 $
$ 31,947 $
$ 31,755 $
$ 31,563 $
$ 31,370 $
$ 31,175 $
$ 30,980 $
$ 30,783 $
$ 30,585 $
$ 30,386 $
~ 30.185 $
6 61 $ Z8,4 i i
62 $ 28,311
63 $ 28,143
64 $ 27,975
65 $ 27,806
66 $ 27,635
67 $ 27,464
68 $ 27,292
69 $ 27,118
7 0 $ 26,944
7 1 $ 26,768
72 $ 26,592
7 73 $ 26,415
74 $ 26,236
75 $ 26,057
76 $ 25,876
77 $ 25,694
78 $ 25,512
79 $ 25,328
80 $ 25,143
81 $ 24,957
82 $ 24,770
83 $ 24,582
84 $ 24,393
86 $
87 $
88 $
89 $
90 $
91 $
92 $
93 $
94 $
$ 29,984
$ 29,781
$ 29,578
$ 29,373
$ 29,167
$ 28,959
$ 28,751
$ 28,541
$ 28,330
$ 28,118
$ 27,904
$ 27,689
$ 27,473
$ 27,256
$ 27,038
$ 26,818
$ 26,597
$ 26,374
$ 26,151
$ 25,926
$ 25,699
$ 25,472
24,011
23,819
23,625
23,430
23,235
23,037
22,839
22,640
22,439
ce "Full D own Amount"
39,116 $ 42,517 $
38,930 $ 42,316 $
38,744 $ 42,113 $
38,557 $ 41,909 $
38,368 $ 41,704 $
38,178 $ 41,498 $
37,988 $ 41,291 $
37,796 $ 41,082 $
37,603 $ 40,873 $
37,409 $ 40,662 $
37,213 $ 40,449 $
37,017 $ 40,236 $
36,819 $ 40,021 $
36,621 $ 39,805 $
36,421 $ 39,588 $
36,220 $ 39,370 $
36,018 $ 39,150 $
35,814 $ 38,929 $
35,610 $ 38,706 $
35,197
34, 989
34,780
34,569
34, 357
34,144
33,930
33,714
33,498
33,280
33,060
32,840
32,618
32,395
32,170
31,944
31,717
31,489
31,259
31,028
30,795
30,562
$ 38,483 ~
$ $
$ $
$ $
$ $
$ $
$ $
$ $
$ $
$ $
$ $
$
$
$ 30,090 ~
$ 29,852 $
$ 29,613 $
$ 29,372 $
$ 29,130 $
$ 28,886 $
$ 28,641 $
$ 28,395 $
$ 28,147 $
$ 27,898 $
38,258
38,032
37,804
37, 575
37,345
37,113
36, 880
36,646
36,411
36,173
35,935
35,695
35,454
35,212
34,967
34,722
34,475
34,227
33,977
33,726
33,473
33,219
32, 963
32,706
32,448
32,188
31,926
31,663
31,398
31,132
30,864
30,595
30, 324
XXX
47,619 $ 56,122
47,394 $ 55,857
47,167 $ 55,589
46,938 $ 55,320
46,709 $ 55,050
46,478 $ 54,778
aR X46 $ 54,504
46, 012
45,777
45, 541
45, 303
45,064
44,824
44,582
44,339
44,094
43,848
43,600
43, 351
43,101
42,849
42, 595
42,341
42,084
41,826
41,567
41,306
41, 044
40,780
40,514
$
53,952
53,673
53,393
53,111
52,828
52,543
52,256
51,968
51,678
51,386
51,092
50,797
50,500
50,202
49,901
49,599
49,295
48,990
48,682
48,373
48,062
47,749
47,434
47,118
46,799
46,479
46,157
45,833
45,507
45,179
44,850
44,518
44,185
43,849
43,512
43,172
42,831
42,488
42,142
41,795
41,445
41,094
40,740
40,385
40,027
$
$
$ 39,979 ~
$ 39,709 $
$ 39,437 $
$ 39,164 $
$ 38,889 $
$ 38,612 $
$ 38,334 $
$ 38,054 $
$ 37,773 $
$ 37,490 $
$ 37,205 $
~ 36.919 $
$ 36,631 $
$ 36,341 $
$ 36,050 $
$ 35,757 $
$ 35,462 $
$ 35,166 $
$ 34,868 $
$ 34, 568 $
$ 34,266 $
$ 33,962 $
Exhibit C
Page 4 of 6
10
1
12
13
Size: Small Medium ~
i of Unit Pr
95 $ 22,238 $ 25,243 $
96 $ 22,035 $ 25,013 $
97 $ 21,831 $ 24,781 $
98 $ 21,626 $ 24,548 $
99 $ 21,419 $ 24,314 $
100 $ 21,212 $ 24,078 $
101 $ 21,003 $ 23,841 $
102 $ 20,793 $ 23,603 $
103 $ 20,582 $ 23,363 $
104 $ 20,369 $ 23,122 $
105 $ 20,155 $ 22,879 $
106 $ 19,940 $ 22,635 $
107 $ 19,724 $ 22,389 $
108 $ 19,507 $ 22,143 $
109 $ 19,288 $ 21,894 $
110 $ 19,068 $ 21,644 $
111 $ 18,846 $ 21,393 $
112 $ 18,624 $ 21,140 $
113 $ 18,400 $ 20,886 $
114 $ 18,175 $ 20,631 $
115 $ 17,948 $ 20,373 $
116 $ 17,720 $ 20,115 $
117 $ 17,491 $ 19,855 $
118 $ 17,260 $ 19,593 $
119 $ 17,029 $ 19,330 $
120 $ 16,795 $ 19,065 $
121 $ 16,561 $ 18,799 $
122 $ 16,325 $ 18,531 $
123 $ 16,087 $ 18,261 $
124 $ 15,849 $ 17,990 $
125 $ 15,609 $ 17,718 $
126 $ 15,367 $ 17,444 $
127 $ 15,124 $ 17,168 $
128 $ 14,880 $ 16,891 $
12g $ 14,634 $ 16,612 $
130 $ 14,387 $ 16,331 $
131 $ 14,138 $ 16,049 $
132 $ 13,888 $ 15,765 $
133 $ 13,636 $ 15,479 $
134 $ 13,383 $ 15,192 $
135 $ 13,129 $ 14,903 $
136 $ 12,873 $ 14,613 $
137 $ 12,616 $ 14,320 $
138 $ 12,357 $ 14,026 $
139 $ 12,096 $ 13,731 $
140 $ 11,834 $ 13,433 $
141 $ 11,571 $ 13,134 $
142 $ 11,305 $ 12,833 $
143 $ 11,039 $ 12,531 $
144 $ 10,771 $ 12,226 $
145 $ 10,501 $ 11,920 $
146 $ 10,230 $ 11,612 $
147 $ 9,957 $ 11,302 ~
ce "Full Down Amoy
27,647 $ 30,051
27,395 $ 29,777
27,141 $
26,886 $
26,629 $
26,371 $
26,112 $
25,850 $
25,588 $
25,324 $
25,058 $
24,791 $
24,522 $
24.251 $
23,706 $
23,431 $
23,154 $
22,875 $
22,595 $
22,314 $
22,030 $
21,745 $
21,459 $
21,171 $
20,881 $
20,589 $
20,296 $
20,001 $
19,704 $
19,405 $
19,105 $
18,803 $
18,499 $
18,194 $
17,886 $
17,577 $
17,266 $
16,953 $
16,639 $
16,323 $
16,004 $
15,684 $
15,362 $
15,038 $
14,713 $
14,385 $
14,055 $
13,724 $
13,391 $
13,055 $
12,718 $
12,379 $
29,224 $
28,945 $
28,664 $
28,382 $
28,098 $
27,813 $
27,526 $
27,237 $
26,946 $
26,654 $
26,360 $
26,064 $
25,767 $
25,468 $
25,167 $
24,865 $
24,560 $
24,254 $
23,946 $
23,636 $
23,325 $
23,011 $
22.696 $
XX Large ~ XXX
33,657 ~
33,350 $
33,041 $
32,731 $
32,418 $
32,104 $
31,788 $
31,470 $
31,150 $
30,829 $
30,505 $
30,180 $
29,853 $
29,523 $
29,192 $
28,859 $
28,524 $
28,187 $
27,848 $
27, 507 $
27,165 $
26,820 $
26,473 $
26,124 $
25,773 $
25,420 $
22,060 $ 24,708 $
21,740 $ 24,348 $
21,417 $ 23,987 $
21,093 $ 23,624 $
20,766 $ 23,258 $
20,438 $ 22,891 $
20,108 $ 22, 521 $
19,776 $ 22,149 $
19,442 $ 21,775 $
19,106 $ 21,398 $
18,768 $ 21,020 $
18,428 $ 20,639 $
18,086 $ 20,256 $
17,742 $ 19,871 $
17,396 $ 19,483 $
17,048 $ 19,094 $
16,698 $ 18,702 $
16,346 $ 18,308 $
15,992 $ 17,911 $
15,636 $ 17,512 $
15,278 $ 17,111 $
14,917 $ 16,707 $
14,555 $ 16,302 $
14,190 $ 15, 893 $
13,824 $ 15,483 $
13,455 $ 15,070 $
39,667
39.306
.._,_ ._
38,576
38,207
37, 837
37,465
37,090
36,713
36,334
35,953
35,569
35,183
34,795
34,013
33,618
33,221
32,821
32,419
32,015
31,609
31,200
30,789
30,375
29,959
29,541
29,120
28,696
28,271
27,842
27,411
26,978
26,542
26,104
25,663
25,219
24,773
24, 325
23,873
23,419
22,963
22,503
22,041
21, 577
21,109
20,639
20,166
19,691
19,213
18,731
18,247
17,761
Exhibit C
Page 5 of 6 1~
Page 6 of 6
14
Size: Small Medium Lar e X Lar a XX Lar a
" XXX Lar e
f
i Un it Price "Full Down Amoun t
o
148 $ 682
9 $ 10,991 $ 12,037 $ 13,084 $ 14,654 $ 17,271
149 $ ,
406
9 $ 10,677 $ 11,694 $ 12,711 $ 14,236 $ 16,779
150 $ ,
128
9 $ 10,362 $ 11,349 $ 12,336 $ 13,816 $ 16,283
151 $ ,
849
8 $ 10,045 $ 11,002 $ 11,958 $ 13,393 $ 15,785
152 $ ,
568
8 $ 9,726 $ 10,652 $ 11,579 $ 12,968 $ 15,284
153 $ ,
286
8 $ 9,405 $ 10,301 $ 11,197 $ 12,540 $ 14,780
154 $ ,
8,001 $ 9,083 $ 9,948 $ 10,813 $ 12,110 $ 14,273
155 $ 715
7 $ 8,758 $ 9,592 $ 10,426 $ 11,677 $ 13,763
156 $ ,
7,428 $ 8,432 $ 9,235 $ 10,038 $ 11,242 $ 13,250
157 $ 7,139 $ 8,103 $ 8,875 $ 9,647 $ 10,804 $ 12,734
158 $ 848
6 $ 7,773 $ 8,513 $ 9,254 $ 10,364 $ 12,215
159 $ ,
6,555 $ 7,441 $ 8,150 $ 8,858 $ 9,921 $ 11,693
160 $ 261
6 $ 7,107 $ 7,784 $ 8,461 $ 9,476 $ 11,168
161 $ ,
965
5 $ 6,771 $ 7,416 $ 8,060 $ 9,028 $ 10,640
162 $ ,
5,667 $ 6,433 $ 7,045 $ 7,658 $ 8,577 $ 10,109
163 $ 367
5 $ 6,093 $ 6,673 $ 7,253 $ 8,124 $ 9,574
164 $ ,
5,066 $ ~ 5,751 $ 6,299 $ 6,846 $ 7,668 $ 9,037
165 $ 763
4 $ 5,407 $ 5,922 $ 6,437 $ 7,209 $ 8,497
166 $ ,
458
4 $ 5,061 $ 5,543 $ 6,025 $ 6,748 $ 7,953
167 $ ,
152
4 $ 4,713 $ 5,162 $ 5,611 $ 6,284 $ 7,406
168 $ ,
3,844 $ 4,363 $ 4,778 $ 5,194 $ 5,817 $ 6,856
169 $ 3,533 $ 4,011 $ 4,393 $ 4,775 $ 5,348 $ 6,303
170 $ 3,221 $ 3,657 $ 4,005 $ 4,353 $ 4,876 $ 5,746
171 $ 2,908 $ 3,301 $ 3,615 $ 3,929 $ 4,401 $ 5,187
172 $ 2,592 $ 2,942 $ 3,223 $ 3,503 $ 3,923 $ 4,624
173 $ 2,275 $ 2,582 $ 2,828 $ 3,074 $ 3,443 $ 4,057
174 $ 1,955 $ 2,220 $ 2,431 $ 2,642 $ 2,959 $ 3,488
175 $ 1,634 $ 1,855 $ 2,032 $ 2,208 $ 2,473 $ 2,915
176 $ 1,311 $ 1,488 $ 1,630 $ 1,772 $ 1,984 $ 2,339
177 $ 986 $ 1,119 $ 1,226 $ 1,333 $ 1,493 $ 1,759
178 $ 659 $ 748 $ 820 $ 891 $ 998 $ 1,176
179 $ 331 $ 375 $ 411 $ 447 $ 500 $ 590
180 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
Exhibit C