HomeMy WebLinkAboutAgreement TerminationAIRPORT LEASE AGREEMENT BETWEEN THE CITY OF AUBURN AND
SPANAFLIGHT, LLC
"AGREEMENT TERMINATION"
RECITALS:
1. The City of Auburn ("City") as Landlord and Spanaflight, LLC ("SpanaFlight") as
Tenant (collectively the "Parties") entered into a lease agreement dated 12/16/2020 (the
"Agreement");
2. The Parties mutually intend to terminate the Agreement, and to enter a new lease under
mutually agreed terms approved by Auburn City Council through the ratification of
Resolution 5696;
3. The Parties wish to memorialize their understanding and the contingencies related to the
Agreement's termination.
NOW, THEREFORE, in consideration of their mutual promises set forth, Tenant and The City
agree as follows:
d The Agreement will terminate on January 31, 2023 i£ 1) the Parties execute a new lease
(in the tbrm attached as Exhibit C to Resolution 5696) to replace the Agreement; and 2)
the Auburn City Council approves the new lease by voting to pass Resolution 5696.
• The Agreement will remain in fall force and effect until both of the above contingencies
are met. If these contingencies are not met on or before January 31, 2023, the Agreement
will not terminate and will continue in full force and effect.
[SIGNTATURES ON THE FOLLOWING PAGE)
CITY
SPANAFLIGHT, LLC
4bG 11 1 t
Nancy Ba , Mayor Date
, r� LA
Date
Doug Miller, Owner14
Approved as to form:
-X Lklel Y\ Of)
Kendra Comeau, City Attorne