HomeMy WebLinkAboutbocc.con.134.2007
CLERK'S CHECK LIST
FOR CONTRACTS SUBMITTED TO CLERK AND RECORDER FOR
SCANNING/ARCHIVING
CONTRACT #: 134-2007
Originating Department/Division: Airport
Contact Person: Jim Elwood
Project Name: Patio Shelter Lease
D BOCC AGENDA ITEM
(BOCC signature required)
Phone #: 429-2851
~STAFF AUTHORIZED SIGNATURE
(per Revised Procurement Code 7/2005)
Check procurement type:
DNone ~Informal DFormal DSole Source DEmergency DState Bid D
Check Contract Tvpe:
Dollar Amonnt: $42,000
DServiceslMaintenance
DLicense/Use
~Lease
DConstruction
DGoods, Equipment, Supplies
DOther (e.g. revenue)
ContractorlBusiness
Contract Execution
Automatic Renewal
N/A
7/1212007
N
Budget Line ItemlLedger Number 404.69.91458.63999
DEmployment (for county employees)
DIntergovemmental Agreement (Requires BOCC Action)
DNon-Profit
DQuasi-Public
DGrant Agreements (Requires BOCC Action)
DChange Order/Contract Amendment
Complete Name: Larry Winnerman
Contract End Date: 7112/2027
Term of Contract: 7/12/2007-7/12/2027
All Contracts should be proofed for the following:
~No Pages Missing
~If a Page is Left Intentionally Blank -Note on Page
~Page numbered consecutively
~All Signatures Affixed
~All Dates Filled In
~All Other Blanks Filled In
~All Exhibits Attached
~All Legal Descriptions Attached (if appropriate)
DNotice of AwardlProceed Attached (if appropriate)
DSpecial 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 DOCUMENT HAS BEEN PROOFED AND READY
FOR SCANNING.
Note: Clerk's Office will keep original documents in compliance with Colorado State
Archives retainage schedule.
Amended 10_16_06
RECEPTION#: 540385, 07/27/2007 at
11:11:39 AM,
1 OF 18, R $0.00 Doc Code LEASE
Janice K. Vos Caudill, Pitkin County, CO
PATIO SHELTER HANGAR LEASE AGREEMENT
THIS PATIO SHELTER HANGAR LEASE AGREEMENT, is entered into and
effective this, r12th Dav of Julv. 20071 by and between the PITKIN COUNTY BOARD OF
COUNTY COMMISSIONERS, a political subdivision of the State of Colorado ("BOCC") and
rLarry Winnerman. WIN WIN A VITATION LLC.1 (Lessee").
RECITALS
A. The BOCC owns and operates Sardy Field, the AspenlPitkin County Airport,
located in Aspen, Pitkin County, Colorado ("Airport").
B. Lessee, rLarry Winnerman. WIN WIN AVIATION LLC.1, 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 located on the Airport designated of the following described size:
rMedium1 to be designated as Patio Hangar Space NoJB-101, 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
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 prOvtSlOns 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 ofthe 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 BOCe 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 BOeC 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 rJulv. 12th. 2007) (the "commencement date") and shall terminate
at midnight on [July, 12th, 2027). 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. If such dates are left blank, then the "commencement
date" shall be that date upon which the Lessor notifies the Lessee in writing that the Patio
Shelters are available for occupancy. If the termination date is left blank, then such termination
date shall be twenty (20) years from the commencement date.
B. Notwithstanding the twenty-year term indicated in Paragraph A ofthis Article, the
BOCC, in its sole discretion and provided it converts and uses the Leased Premises for a purpose
other than for Patio Shelters, shall have the right to shorten the lease period from 20 years to as
short as 15 years or some period in between, To exercise this right the BOCC shall notify Lessee
in writing within 60 days of the end of the 15th year of the lease term of the Boce' s intent to
shorten the lease term and put the Leased Premises to another use and shall state what term, if
any, beyond the 15 years, remains on the lease. In the event that the BOCC does shorten the
lease pursuant to this paragraph, it shall have no obligation to pay Lessee for any unamortized
cost of the lease (the Buy Back Option Price referred to on Exhibit C).
ARTICLE IV. RENT AND OTHER FEES
A. Rent.
I. Prepaid Lease: The rent for the Leased Premises, and the method of payment
thereof, shall be as set forth in Exhibit B attached hereto and incorporated
herein by this reference. Any amounts listed on Exhibit B as "Full Down"
payments shall be paid as follows: 100 % [$42,000] shall be paid at the
time of execution of this Lease by Lessee.
2. MontWv Operation and Maintenance Fee: A monthly O&M fee will be billed
to the lessee. The initial monthly fee will be: [$145} per month
B. Miscellaneous Other Fees.
I. Lessee shall pay other operations fees, including administrative charges,
insurance, operation costs, utilities and maintenance charges and ground rent, common to the
patio shelter hangars. Furthermore, the Lessee shall pay separate electrical heating fees for any
engine heating done by the Lessee. All such operational fees, and electrical engine heating fees, if
any, shall be paid on a quarterly basis for the Leased Premises as established by the BOCC based
upon actual expenditures and actual electrical usage for the entirety of the patio shelter-type
hangar each year. The operational fees shall be assessed in accordance with the schedule set forth
in Exhibit B. The ground rent set forth on Exhibit B shall automatically be increased by the
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percentage increase in the Consumer Price Index - All Urban Consumers (CPI-U) - U.S. City
Average - All Items, during the latest available preceding twelve (12) month period, or four
percent (4%), whichever is greater. If the CPI-U ceases to be published by the U.S. Department
of Labor, the parties shall agree on a successor index representing the broadest national indicator
of consumer inflation. All such increases shall be cumulative, compounded annually; i.e. the
percentage shall be applied in each instance against the ground rent fees for the preceding Lease
Year. All other expenses and fees shall be increased by the BOCC's actual expenditures
therefore, and notice of any increase shall be given to the Lessee on or before January I st of each
year of the Lease Term. The initial operational fees, which shall be valid until January I, 2008,
are set forth in Exhibit B.
C. Payment of Fees.
I. Payment of the initial prepaid lease shall be made payable to "Pitkin
County" and delivered to the county at its administrative offices located in the Airport's terminal
building. MontWy rent and other periodic charges shall be billed by and paid to Atlantic
Aviation. Atlantic Aviation will forward collected funds to the county.
D, 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 \1,%) 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.
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 is part
of the Leased Premises, in good operating physical condition and repair.
B. During the term ofthis 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.
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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:
I. Failure to pay quarterly 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 ofthe
United States or of any state, of a petition of bankruptcy or insolvency, or reorganization, or 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 anyone or more of the following
remedies. These remedies shall be cumulative and not alternative:
I. The BOCC may sue for specific performance;
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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. In the event the BOCC terminates this lease the BOCC shall have no
obligation to pay Lessee for any unamortized cost of the lease (the Buy Back Option Price
referred to on Exhibit C). 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, sununary 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 BOCe 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
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.
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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 Boce 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 1542 and 1544, which are specifically incorporated and made a part
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.
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.
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ARTICLE XI. OUlET 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.
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 ofthe 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:
James Elwood, AAE
Aspen Pitkin County Airport
0233 East Airport Road
Aspen, CO 81611
All notices to Lessee shall be mailed to:
Larry Winnerman
507 S. Riverside Ave.
Aspen, CO, 81611
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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. P ARTIAL 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
bylaw.
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 ofthe parties hereto.
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 for an excess
of one (1) year, where the amount of the consideration paid to the Lessee is greater than the
portion of the then unamortized cost of the Lease attributable to that period, without first
complying with the terms hereof. In the event that the Lessee desires to assign the Lease or to
sublease the Leased Premises for an excess of one (1) year, or if the consideration to be received
by the Lessee for the lesser period is greater than the difference between the Buy Back Option
Price at the end of the assignment or sublease period and that Buy Back Option Price at the
beginning of the a!>signment or sublease period, both as shown on Exhibit C attached hereto,
plus all operations fees and other amounts due hereunder for that period, and Lessee has received
a bona fide offer to do either, it shall first give written notice thereof to the BOCC, along with a
copy of the offer to sublease or assume the Lease, as the case may be. The BOCC shall then have
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thirty (30) days to notify the Lessee of its intention to take over the Lease by paying to the Lessee
the Buy Back Option Price at the beginning of the applicable period as determined from Exhibit
C attached hereto, and by paying the Lessee that Buy Back Option Price within sixty (60) days of
said notice. Should the BOCC fail to either notify the Lessee of its intention to exercise its rights
or once having done so, fail to pay all amounts due, the Lessee shall be free to consununate the
assignment or sublease, as the case may be, in accordance with the offer which the Boce has
been notified about. No such assignment or sublease shall be valid unless the assignee or
sublessee, as the case may be, agrees to be bound by all of the terms and conditions hereof. If an
assignment is made, the Lessee shall be released from all further liability hereunder for future
obligations. All subsequent assignors and assignees shall be subject to this Article as if they were
the originallessee/assignor. The provisions hereof shall not apply to any assignment between two
(2) current tenants in the patio shelter, who have the same lease terms, who desire to exchange
their respective Leased Premises, provided that the BOCC is given written notification of the
exchange prior to the consummation thereof.
B. There shall be no sublease for a period of less than one (I) week except for any
sub-lease with Atlantic Aviation (or any future FBO) for the parking of transient aircraft. Any
subleases made pursuant to this sub-paragraph shall be limited to no more than four (4) times in
anyone calendar year.
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 WASTEIENVIRONMENTAL 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 pollutiol}.
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
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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.
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 XX above.
ARTICLE XXIII. RENEWAL
Other than Lessee's right of first refusal (if applicable) pursuant to Article IlIB above,
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.
11 ofl2
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
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.
ASPENIPITKIN COUNTY AIRPORT
LESSEE
By:
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2007 Patio Shelter Analysis/Input Sheet
4% Increase In Ground Rent
13
Pro osed Ca ital Cost
Coun Bu Back Amortization Rate
Lease Term ears
A16, A17, B16, A1-A15, B1
B17 B15 C1-C9 C10-C11 C12-C15 C16-C17
IShelter Size I Total Small Medium Larlle X Larlle XX Larlle XXX Larlle
I Proposed Qty 49~"-
Initial Indicated Sian Uas
Monthly 5 4 1 0 0 0 0
1/2 Down 14 0 11 1 1 1 0
Full Down 30 0 18 3 3 4 2
1 Percentalle Breakdown of Caaital/O&M and Other Costs 1
Averaae/49 Units 2.041%
Proposed Weighting/Shelter 1.68% 1.91%1 2.09%1 2.27%1 2.54%1 2.99%1
Total Weiaht/Shelter Size 1 100% 6.72%1 57.17%1 8.35%1 9.07%1 12.70%1 5.99%1
Capital Cost/Pricin
Cost per Unit
Total for Units This Size $2,204,000
Variable Costs
Ground Rent $ 96 $ 108 $ 120 $ 129 $ 144 $ 171
O&M and Admin. $ 29 $ 36 $ 40 $ 44 $ 49 $ 57
Sub-Total Variable Cost $ 125 $ 145 $ 159 $ 173 $ 192 $ 228
Plus $35 per engine per month Dee-Mar
Initial O&M and Administrative Costs Based U on Various Percenta es
$ 22,040 $ 31 $ 35 $ 38 $ 42 $ 47 $ 55
$ 44,080 $ 62 $ 70 $ 77 $ 83 $ 93 $ 110
$ 55,100 $ 77 $ 88 $ 96 $ 104 $ 117 $ 138
Month To Month Rental Fi ures
Interest Rate
Term
Amortized Cost $333 $378 $413 $449 $503 $593
O&M Costs $ 125 $ 145 $ 159 $ 173 $ 192 $ 228
Profit Contin enc $33 $38 $41 $45 $50 $59
Total $491 $560 $614 $667 $746 $880
Capital Cost
Monthl Ground Rent, O&M and Administrative Pa ment $
$37,000 $42,000
125 $ 145 $
$46,000
159 $
$50,000
173 $
$56,000
192 $
$66,000
228
2007 Patio Shelter Exhibits Band C1 Input sheet.xls; Suggested Prices_Inputs
7/6/2007; 4:03 PM
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
Size: Small I Medium Larae X Larae I XX Larae I XXX Larae
End of Unit Price "Full Down Amount"
Year Month $ 37,000 $ 42,000 $ 46,000 $ 50,000 $ 56,000 $ 66,000
1 1 $ 36,883 $ 41,867 $ 45,855 $ 49,842 $ 55,823 $ 65,792
2 $ 36,766 $ 41,734 $ 45,709 $ 49,684 $ 55,646 $ 65,582
3 $ 36,648 $ 41,600 $ 45,562 $ 49,524 $ 55,467 $ 65,372
4 $ 36,529 $ 41,465 $ 45,414 $ 49,363 $ 55,287 $ 65,160
5 $ 36,409 $ 41,330 $ 45,266 $ 49,202 $ 55,106 $ 64,947
6 $ 36,289 $ 41,193 $ 45,116 $ 49,040 $ 54,924 $ 64,732
7 $ 36,168 $ 41,056 $ 44,966 $ 48,876 $ 54,741 $ 64,517
8 $ 36,047 $ 40,918 $ 44,815 $ 48,712 $ 54,557 $ 64,300
9 $ 35,925 $ 40,779 $ 44,663 $ 48,547 $ 54,372 $ 64,082
10 $ 35,802 $ 40,640 $ 44,510 $ 48,380 $ 54,186 $ 63,862
11 $ 35,678 $ 40,499 $ 44,356 $ 48,213 $ 53,999 $ 63,642
12 $ 35,553 $ 40,358 $ 44,201 $ 48,045 $ 53,811 $ 63,420
2 13 $ 35,428 $ 40,216 $ 44,046 $ 47,876 $ 53,621 $ 63,196
14 $ 35,302 $ 40,073 $ 43,889 $ 47,706 $ 53,431 $ 62,972
15 $ 35,176 $ 39,929 $ 43,732 $ 47,535 $ 53,239 $ 62,746
16 $ 35,048 $ 39,785 $ 43,574 $ 47,363 $ 53,046 $ 62,519
17 $ 34,920 $ 39,639 $ 43,414 $ 47,189 $ 52,852 $ 62,290
18 $ 34,791 $ 39,493 $ 43,254 $ 47,015 $ 52,657 $ 62,060
19 $ 34,662 $ 39,346 $ 43,093 $ 46,840 $ 52,461 $ 61,829
20 $ 34,531 $ 39,198 $ 42,931 $ 46,664 $ 52,264 $ 61,596
21 $ 34,400 $ 39,049 $ 42,768 $ 46,487 $ 52,065 $ 61,362
22 $ 34,268 $ 38,899 $ 42,604 $ 46,308 $ 51,866 $ 61,127
23 $ 34,136 $ 38,749 $ 42,439 $ 46,129 $ 51,665 $ 60,891
24 $ 34,002 $ 38,597 $ 42,273 $ 45,949 $ 51,463 $ 60,653
3 25 $ 33,868 $ 38,445 $ 42,106 $ 45,768 $ 51,260 $ 60,413
26 $ 33,733 $ 38,291 $ 41,938 $ 45,585 $ 51,055 $ 60,172
27 $ 33,597 $ 38,137 $ 41,769 $ 45,402 $ 50,850 $ 59,930
28 $ 33,461 $ 37,982 $ 41,600 $ 45,217 $ 50,643 $ 59,686
29 $ 33,323 $ 37,826 $ 41,429 $ 45,031 $ 50,435 $ 59,441
30 $ 33,185 $ 37,669 $ 41,257 $ 44,845 $ 50,226 $ 59,195
31 $ 33,046 $ 37,512 $ 41,084 $ 44,657 $ 50,016 $ 58,947
32 $ 32,906 $ 37,353 $ 40,910 $ 44,468 $ 49,804 $ 58,698
33 $ 32,766 $ 37,193 $ 40,736 $ 44,278 $ 49,591 $ 58,447
34 $ 32,624 $ 37,033 $ 40,560 $ 44,087 $ 49,377 $ 58,194
35 $ 32,482 $ 36,871 $ 40,383 $ 43,894 $ 49,162 $ 57,941
36 $ 32,339 $ 36,709 $ 40,205 $ 43,701 $ 48,945 $ 57,685
4 37 $ 32,195 $ 36,546 $ 40,026 $ 43,507 $ 48,727 $ 57,429
38 $ 32,050 $ 36,381 $ 39,846 $ 43,311 $ 48,508 $ 57,171
39 $ 31,905 $ 36,216 $ 39,665 $ 43,114 $ 48,288 $ 56,911
40 $ 31,758 $ 36,050 $ 39,483 $ 42,916 $ 48,066 $ 56,650
41 $ 31,611 $ 35,882 $ 39,300 $ 42,717 $ 47,843 $ 56,387
Page 1 014
Exhibit C
I Size: Small I Medium I Laroe I X Laroe XX Laroe I XXX Laroe I
lEnd of Unit Price "Full Down Amount" I
42 $ 31,463 $ 35,714 $ 39,116 $ 42,517 $ 47,619 $ 56,122
43 $ 31,314 $ 35,545 $ 38,930 $ 42,316 $ 47,394 $ 55,857
44 $ 31,164 $ 35,375 $ 38,744 $ 42,113 $ 47,167 $ 55,589
45 $ 31,013 $ 35,204 $ 38,557 $ 41,909 $ 46,938 $ 55,320
46 $ 30,861 $ 35,032 $ 38,368 $ 41,704 $ 46,709 $ 55,050
47 $ 30,709 $ 34,859 $ 38,178 $ 41 ,498 $ 46,478 $ 54,778
48 $ 30,555 $ 34,684 $ 37,988 $ 41,291 $ 46,246 $ 54,504
5 49 $ 30,401 $ 34,509 $ 37,796 $ 41,082 $ 46,012 $ 54,229
50 $ 30,246 $ 34,333 $ 37,603 $ 40,873 $ 45,777 $ 53,952
51 $ 30,090 $ 34,156 $ 37,409 $ 40,662 $ 45,541 $ 53,673
52 $ 29,933 $ 33,977 $ 37,213 $ 40,449 $ 45,303 $ 53,393
53 $ 29,775 $ 33,798 $ 37,017 $ 40,236 $ 45,064 $ 53,111
54 $ 29,616 $ 33,618 $ 36,819 $ 40,021 $ 44,824 $ 52,828
55 $ 29,456 $ 33,436 $ 36,621 $ 39,805 $ 44,582 $ 52,543
56 $ 29,295 $ 33,254 $ 36,421 $ 39,588 $ 44,339 $ 52,256
57 $ 29,133 $ 33,070 $ 36,220 $ 39,370 $ 44,094 $ 51,968
58 $ 28,971 $ 32,886 $ 36,018 $ 39,150 $ 43,848 $ 51,678
59 $ 28,807 $ 32,700 $ 35,814 $ 38,929 $ 43,600 $ 51,386
60 $ 28,643 $ 32,513 $ 35,610 $ 38,706 $ 43,351 $ 51,092
6 61 $ 28,477 $ 32,326 $ 35,404 $ 38,483 $ 43,101 $ 50,797
62 $ 28,311 $ 32,137 $ 35,197 $ 38,258 $ 42,849 $ 50,500
63 $ 28,143 $ 31,947 $ 34,989 $ 38,032 $ 42,595 $ 50,202
64 $ 27,975 $ 31,755 $ 34,780 $ 37,804 $ 42,341 $ 49,901
65 $ 27,806 $ 31,563 $ 34,569 $ 37,575 $ 42,084 $ 49,599
66 $ 27,635 $ 31,370 $ 34,357 $ 37,345 $ 41,826 $ 49,295
67 $ 27,464 $ 31,175 $ 34,144 $ 37,113 $ 41,567 $ 48,990
68 $ 27,292 $ 30,980 $ 33,930 $ 36,880 $ 41,306 $ 48,682
69 $ 27,118 $ 30,783 $ 33,714 $ 36,646 $ 41,044 $ 48,373
70 $ 26,944 $ 30,585 $ 33,498 $ 36,411 $ 40,780 $ 48,062
71 $ 26,768 $ 30,386 $ 33,280 $ 36,173 $ 40,514 $ 47,749
72 $ 26,592 $ 30,185 $ 33,060 $ 35,935 $ 40,247 $ 47,434
7 73 $ 26,415 $ 29,984 $ 32,840 $ 35,695 $ 39,979 $ 47,118
74 $ 26,236 $ 29,781 $ 32,618 $ 35,454 $ 39,709 $ 46,799
75 $ 26,057 $ 29,578 $ 32,395 $ 35,212 $ 39,437 $ 46,479
76 $ 25,876 $ 29,373 $ 32,170 $ 34,967 $ 39,164 $ 46,157
77 $ 25,694 $ 29,167 $ 31,944 $ 34,722 $ 38,889 $ 45,833
78 $ 25,512 $ 28,959 $ 31,717 $ 34,475 $ 38,612 $ 45,507
79 $ 25,328 $ 28,751 $ 31,489 $ 34,227 $ 38,334 $ 45,179
80 $ 25,143 $ 28,541 $ 31,259 $ 33,977 $ 38,054 $ 44,850
81 $ 24,957 $ 28,330 $ 31,028 $ 33,726 $ 37,773 $ 44,518
82 $ 24,770 $ 28,118 $ 30,795 $ 33,473 $ 37,490 $ 44,185
83 $ 24,582 $ 27,904 $ 30,562 $ 33,219 $ 37,205 $ 43,849
84 $ 24,393 $ 27,689 $ 30,326 $ 32,963 $ 36,919 $ 43,512
8 85 $ 24,203 $ 27,473 $ 30,090 $ 32,706 $ 36,631 $ 43, 172
86 $ 24,011 $ 27,256 $ 29,852 $ 32,448 $ 36,341 $ 42,831
87 $ 23,819 $ 27,038 $ 29,613 $ 32,188 $ 36,050 $ 42,488
88 $ 23,625 $ 26,818 $ 29,372 $ 31,926 $ 35,757 $ 42,142
89 $ 23,430 $ 26,597 $ 29,130 $ 31,663 $ 35,462 $ 41,795
90 $ 23,235 $ 26,374 $ 28,886 $ 31,398 $ 35,166 $ 41,445
91 $ 23,037 $ 26,151 $ 28,641 $ 31,132 $ 34,868 $ 41,094
92 $ 22,839 $ 25,926 $ 28,395 $ 30,864 $ 34,568 $ 40,740
93 $ 22,640 $ 25,699 $ 28,147 $ 30,595 $ 34,266 $ 40,385
94 $ 22,439 $ 25,472 $ 27,898 $ 30,324 $ 33,962 $ 40,027
Page 2 of4
Exhibit C
I Size: Small I Medium I Lar!le I X Lar!le I XX Lar!le XXX Lar!le I
I End of Unit Price "Full Down Amount" I
95 $ 22,238 $ 25,243 $ 27,647 $ 30,051 $ 33,657 $ 39,667
96 $ 22,035 $ 25,013 $ 27,395 $ 29,777 $ 33,350 $ 39,306
9 97 $ 21,831 $ 24,781 $ 27,141 $ 29,501 $ 33,041 $ 38,942
98 $ 21,626 $ 24,548 $ 26,886 $ 29,224 $ 32,731 $ 38,576
99 $ 21,419 $ 24,314 $ 26,629 $ 28,945 $ 32,418 $ 38,207
100 $ 21,212 $ 24,078 $ 26,371 $ 28,664 $ 32,104 $ 37,837
101 $ 21,003 $ 23,841 $ 26,112 $ 28,382 $ 31,788 $ 37,465
102 $ 20,793 $ 23,603 $ 25,850 $ 28,098 $ 31,470 $ 37,090
103 $ 20,582 $ 23,363 $ 25,588 $ 27,813 $ 31,150 $ 36,713
104 $ 20,369 $ 23,122 $ 25,324 $ 27,526 $ 30,829 $ 36,334
105 $ 20,155 $ 22,879 $ 25,058 $ 27,237 $ 30,505 $ 35,953
106 $ 19,940 $ 22,635 $ 24,791 $ 26,946 $ 30,180 $ 35,569
107 $ 19,724 $ 22,389 $ 24,522 $ 26,654 $ 29,853 $ 35,183
108 $ 19,507 $ 22,143 $ 24,251 $ 26,360 $ 29,523 $ 34,795
10 109 $ 19,288 $ 21,894 $ 23,979 $ 26,064 $ 29,192 $ 34,405.
110 $ 19,068 $ 21,644 $ 23,706 $ 25,767 $ 28,859 $ 34,013
111 $ 18,846 $ 21,393 $ 23,431 $ 25,468 $ 28,524 $ 33,618
112 $ 18,624 $ 21,140 $ 23,154 $ 25,167 $ 28,187 $ 33,221
113 $ 18,400 $ 20,886 $ 22,875 $ 24,865 $ 27,848 $ 32,821
114 $ 18,175 $ 20,631 $ 22,595 $ 24,560 $ 27,507 $ 32,419
115 $ 17,948 $ 20,373 $ 22,314 $ 24,254 $ 27,165 $ 32,015
116 $ 17,720 $ 20,115 $ 22,030 $ 23,946 $ 26,820 $ 31,609
117 $ 17,491 $ 19,855 $ 21,745 $ 23,636 $ 26,473 $ 31,200
118 $ 17,260 $ 19,593 $ 21,459 $ 23,325 $ 26,124 $ 30,789
119 $ 17,029 $ 19,330 $ 21,171 $ 23,011 $ 25,773 $ 30,375
120 $ 16,795 $ 19,065 $ 20,881 $ 22,696 $ 25,420 $ 29,959
11 121 $ 16,561 $ 18,799 $ 20,589 $ 22,379 $ 25,065 $ 29,541
122 $ 16,325 $ 18,531 $ 20,296 $ 22,060 $ 24,708 $ 29,120
123 $ 16,087 $ 18,261 $ 20,001 $ 21,740 $ 24,348 $ 28,696
124 $ 15,849 $ 17,990 $ 19,704 $ 21,417 $ 23,987 $ 28,271
125 $ 15,609 $ 17,718 $ 19,405 $ 21,093 $ 23,624 $ 27,842
126 $ 15,367 $ 17,444 $ 19,105 $ 20,766 $ 23,258 $ 27,411
127 $ 15,124 $ 17,168 $ 18,803 $ 20,438 $ 22,891 $ 26,978
128 $ 14,880 $ 16,891 $ 18,499 $ 20,108 $ 22,521 $ 26,542
129 $ 14,634 $ 16,612 $ 18,194 $ 19,776 $ 22,149 $ 26,104
130 $ 14,387 $ 16,331 $ 17,886 $ 19,442 $ 21,775 $ 25,663
131 $ 14,138 $ 16,049 $ 17,577 $ 19,106 $ 21,398 $ 25,219
132 $ 13,888 $ 15,765 $ 17,266 $ 18,768 $ 21,020 $ 24,773
12 133 $ 13,636 $ 15,479 $ 16,953 $ 18,428 $ 20,639 $ 24,325
134 $ 13,383 $ 15,192 $ 16,639 $ 18,086 $ 20,256 $ 23,873
135 $ 13,129 $ 14,903 $ 16,323 $ 17,742 $ 19,871 $ 23,419
136 $ 12,873 $ 14,613 $ 16,004 $ 17,396 $ 19,483 $ 22,963
137 $ 12,616 $ 14,320 $ 15,684 $ 17,048 $ 19,094 $ 22,503
138 $ 12,357 $ 14,026 $ 15,362 $ 16,698 $ 18,702 $ 22,041
139 $ 12,096 $ 13,731 $ 15,038 $ 16,346 $ 18,308 $ 21,577
140 $ 11,834 $ 13,433 $ 14,713 $ 15,992 $ 17,911 $ 21,109
141 $ 11,571 $ 13,134 $ 14,385 $ 15,636 $ 17,512 $ 20,639
142 $ 11,305 $ 12,833 $ 14,055 $ 15,278 $ 17,111 $ 20,166
143 $ 11,039 $ 12,531 $ 13,724 $ 14,917 $ 16,707 $ 19,691
144 $ 10,771 $ 12,226 $ 13,391 $ 14,555 $ 16,302 $ 19,213
13 145 $ 10,501 $ 11,920 $ 13,055 $ 14,190 $ 15,893 $ 18,731
146 $ 10,230 $ 11,612 $ 12,718 $ 13,824 $ 15,483 $ 18,247
147 $ 9,957 $ 11,302 $ 12,379 $ 13,455 $ 15,070 $ 17,761
Page 3 of 4
Exhibit C
.
I Size: Small I Medium I Laroe I X Laroe XX Laroe XXX Laroe I
lEnd of Unit Price "Full Down Amount" I
148 $ 9,682 $ 10,991 $ 12,037 $ 13,084 $ 14,654 $ 17,271
149 $ 9,406 $ 10,677 $ 11,694 $ 12,711 $ 14,236 $ 16,779
150 $ 9,128 $ 10,362 $ 11,349 $ 12,336 $ 13,816 $ 16,283
151 $ 8,849 $ 10,045 $ 11,002 $ 11,958 $ 13,393 $ 15,785
152 $ 8,568 $ 9,726 $ 10,652 $ 11,579 $ 12,968 $ 15,284
153 $ 8,286 $ 9,405 $ 10,301 $ 11,197 $ 12,540 $ 14,780
154 $ 8,001 $ 9,083 $ 9,948 $ 10,813 $ 12,110 $ 14,273
155 $ 7,715 $ 8,758 $ 9,592 $ 10,426 $ 11,677 $ 13,763
156 $ 7,428 $ 8,432 $ 9,235 $ 10,038 $ 11,242 $ 13,250
14 157 $ 7,139 $ 8,103 $ 8,875 $ 9,647 $ 10,804 $ 12,734
158 $ 6,848 $ 7,773 $ 8,513 $ 9,254 $ 10,364 $ 12,215
159 $ 6,555 $ 7,441 $ 8,150 $ 8,858 $ 9,921 $ 11,693
160 $ 6,261 $ 7,107 $ 7,784 $ 8,461 $ 9,476 $ 11,168
161 $ 5,965 $ 6,771 $ 7,416 $ 8,060 $ 9,028 $ 10,640
162 $ 5,667 $ 6,433 $ 7,045 $ 7,658 $ 8,577 $ 10,109
163 $ 5,367 $ 6,093 $ 6,673 $ 7,253 $ 8,124 $ 9,574
164 $ 5,066 $ 5,751 $ 6,299 $ 6,846 $ 7,668 $ 9,037
165 $ 4,763 $ 5,407 $ 5,922 $ 6,437 $ 7,209 $ 8,497
166 $ 4,458 $ 5,061 $ 5,543 $ 6,025 $ 6,748 $ 7,953
167 $ 4,152 $ 4,713 $ 5,162 $ 5,611 $ 6,284 $ 7,406
168 $ 3,844 $ 4,363 $ 4,778 $ 5,194 $ 5,817 $ 6,856
15 169 $ 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
Page 4 of 4
Exhibit C