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HomeMy WebLinkAboutOrdinance 2186 N.C.S. 07/21/20041 2 3 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 EFFECTIVE DATE OF ORDINANCE ORDINANCE NO. 2186 N.C.S. July 21, 2004 Introduced by Pamela Torliatt Seconded by Mike O'Brien AN ORDINANCE OF THE COUNCIL OF THE CITY OF PETALUMA AUTHORIZING AN AMENDMENT TO THE LEASE OF REAL PROPERTY LOCATED AT THE PETALUMA MUNICIPAL AIRPORT BE IT ORDAINED BY THE COUNCIL OF THE CITY OF PETALUMA AS FOLLOWS: Section 1. A hangar expansion project is planned at the Petaluma Municipal Airport, in the City of Petaluma, County of Sonoma, State of California. The City would like to include in the expansion a portion of the premises covered by a pre-existing Lease Agreement between the City and Two-Niner, Inc., dated April 3, 1989. To this end, the Lease Agreement is amended as proposed, per Attachment "A," which is incorporated herein by reference, and the City Manager is hereby authorized to sign the amended Lease Agreement for the purpose of including a portion of the current Two-Niner, Inc. leasehold in the hangar expansion. Section 2. If any section, subsection, sentence, clause or phrase or word of this ordinance is for any reason held to be unconstitutional, unlawful or otherwise invalid by a court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of this ordinance. The City Council of the City of Petaluma hereby declares that it would have passed and adopted this ordinance and each and all provisions thereof irrespective of the fact that any one or more of said provisions be declared unconstitutional, unlawful or otherwise invalid. Ordinance No.2186 N.C.S. Page 1 I Section 3. This ordinance shall become effective thirty (30) days after the date of 2 its adoption by the Petaluma City Council. 3 4 Section 4. The City Clerk is hereby directed to post this ordinance for the period 5 and in the manner required by the City Charter. 6 7 INTRODUCED and ordered posted/wed this 7th day of June, 2004. 8 9 ADOPTED this 21 S' day of June, 2004 by the following vote: 10 11 AYES: Mayor Glass, Harris, Healy, Vice Mayor Moynihan, O'Brien, 12 Thompson, Torliatt 13 14 NOES: None 15 16 ABSENT: None 17 18 19 20 21 22 23 24 25 26 27 ATTEST: Law-) �or Gayle Petersen, City Clerk David Glass, Mayor A-P P R.0 VED TO-F RM: Richa d Rudnansky, City Att y Ordinance No. 2186 N.C.S. Page 2 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 RECORDING REQUESTED BY, AND WHEN RECORDED PLEASE RETURN TO: Mail Tax Statements: As Before AMENDMENT NUMBER ONE TO LEASE AGREEMENT PETALUMA MUNICIPAL AIRPORT This Amendment Number One to Lease Agreement Petaluma Municipal Airport ("Amendment") is made and entered into as of the day of , 2004, by and between the CITY OF PETALUMA, a political subdivision of the State of California, hereinafter referred to as "Lessor" and TWO-NINER, INC., a California corporation, hereinafter referred to as "Lessee." RECITALS A. Lessor and Lessee are parties to that certain "Lease Agreement Petaluma Municipal Airport" dated April 3, 1989 including an undated "Addendum to Lease Agreement Petaluma Municipal Airport," signed for Lessor by Gene Beatty and for Lessee by Marion Hodge, (collectively, "Lease"). B. Lessor is planning a hangar expansion project and would like to include in the expansion a portion of the premises covered by the Lease, hereinafter referred to as "the Surrendered Premises," including a portion of the landscaping, paving and other improvements constructed thereon by Lessee. C. The parties wish to amend the Lease to provide for (i) return of the Surrendered Premises to Lessor; (ii) reduction of the rent to reflect the reduced size of the premises being leased by Lessee; (iii) a rent credit in consideration for improvements constructed by Lessee on the Surrendered Premises; (iv) Lessee's ability to assign the Lease with Lessor's consent; and (v) extension of the term of the Lease through March 31, 2039. Ordinance No. 2186 N.C.S. Page 3 I AGREEMENT 2 3 The Lease is hereby amended as follows: 4 5 1. The premises covered by the Lease shall be amended to exclude the Surrendered 6 Premises. The parties agree that the Surrendered Premises is approximately 41,428 7 square feet, in the area shown on Exhibit A attached hereto as "Surrendered Premises." 8 Within ninety (90) days following execution of this Amendment, Lessor shall cause to be 9 prepared a survey to determine the exact square footage of the remaining premises 10 subject to the Lease (shown on Exhibit A as "Amended Two-Niner Lease"), and shall 11 prepare a legal description thereof which will be attached to this Amendment as Exhibit 12 B. Lessee hereby surrenders any and all interest it may have in the Surrendered Premises 13 under the Lease. 14 15 2. The provisions set forth in paragraph 2(a) of the Lease for the base ground rental rate per 16 square foot shall remain unmodified by this Amendment, however, it is acknowledged 17 that the total rental due shall be reduced pro-rata as of the date of execution of this 18 Amendment to reflect the reduced square footage of the leased premises as described in 19 Exhibits A and B to this Amendment. 20 21 3 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 El 5. In consideration of landscaping, paving and other improvements constructed on the Surrendered Premises by Lessee, Lessor hereby grants to Lessee a "Computed Credit" in the aggregate sum of $65,200.00, to be credited to Lessee in successive equal rent installments over the period beginning January , 2004 and ending February 1, 2016. In the event the Lease is terminated for any reason prior to February 1, 2016, Lessor shall, within sixty (60) days of such termination, pay to Lessee the full amount of the Computed Credit remaining unpaid as of such termination date. As part of the consideration for Lessee's agreement to surrender the Surrendered Premises hereunder, Lessor hereby grants to Lessee a "right of first refusal" to rent, on terms acceptable to Lessor, any one of the four proposed new executive hangars to be built upon the Surrendered Premises at such time as it shall become vacant and available for rent. Such "right of first refusal" shall be exercisable by Lessee only once, therefore, once Lessee elects to rent an executive hangar by use of such right of first refusal, if Lessee thereafter ceases to rent that hangar, Lessee shall not subsequently have any special preference for the rental of that or any other of the four executive hangars. Paragraph 18 of the Lease is hereby amended to read as follows: Ordinance No. 2186 N.C.S. Page 4 I Lessee is authorized to assign this lease and/or sublease the 2 premises, subject to the terns and conditions of this lease. Any 3 such assignment and/or sublease shall be subject to the approval of 4 Lessor, which approval shall not be unreasonably withheld. Such 5 assignment and/or subleasing shall specify that the assignee and/or 6 sublessee shall be subject to the terms and conditions of this lease. 7 Signed copies of all such assignments and/or subleases shall be 8 furnished to Lessor upon execution. 9 10 6. Paragraph 22 of the Lease is hereby amended to read as follows: 11 Lessee shall have the first right to negotiate with Lessor for a new 12 lease at the beginning of the last year of the terms of this lease, 13 which right may be exercises by providing written notice thereof to 14 Lessor no later than one hundred eighty (180) days prior to the last 15 day of this lease. Provided Lessee furnishes such notice to Lessor 16 within the aforementioned time period, a new lease shall be 17 negotiated and effective as of the end of this lease term. If Lessee 18 and Lessor do not execute such a new lease by such date, Lessor 19 shall have the right to negotiate a lease with any other interested 20 party or not to lease the premises at all. 21 22 23 24 ►.. 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 7. The term of the Lease is extended to March 31, 2039. IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day and year first above written. CITY OF PETALUMA, a political subdivision of the State of California City Manager ATTEST: City Clerk APPROVED AS TO FORM: TWO-NINER, INC., a California corporation By Name Title (signatures continued on next page) Ordinance No. 2186 N.C.S. Page 5 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 City Attorney APPROVED: Department Director APPROVED: Risk Manager APPROVED: Finance Director agrmt 5/3/04 (fmk) Ordinance No. 2186 N.C.S. Page 6