HomeMy WebLinkAboutC2020-315 - 9/29/2020 - Approved FIRST AMENDMENT TO THE LEASE
BETWEEN THE
CITY AND TAILWIND CRP, LLC
STATE OF TEXAS §
COUNTY OF NUECES §
This first amendment ("First Amendment") to the Airport Facilities Lease and Concession Lease
("Lease") by and between the City of Corpus Christi ("City") and Tailwind CRP, LLC ("Lessee").
WHEREAS, City and Lessee executed the Lease for the Lessee's operation of a restaurant and a
coffee/snack shop concession (occupying two distinct spaces)at the Airport effective August 15, 2013,for
a term of five years with one three-year renewal, with expiration of the Lease to occur August 14, 2021;
and
WHEREAS, City and Lessee desire to amend the Lease to include the operation of a news and
gift shop concession by Lessee in additional leased space at the Airport and extend the Lease an
additional year.
NOW, THEREFORE, in consideration of the mutual covenants contained in the Lease and this
First Amendment, and subject to Lessee's compliance with the terms and conditions expressed below,
City and Lessee agree as follows:
Section 1. The preamble provisions stated above are incorporated by reference into this First
Amendment. All capitalized terms and phrases not defined in this First Amendment have the definitions
stated in the Lease.
Section 2. Lessee, by execution of this First Amendment, is granted a non-exclusive news and gift shop
retail concession to be conducted in 999 square feet of space located post-security (referred to as the
"Gift Shop")as shown in Exhibit A-1, which exhibit is attached to this First Amendment and incorporated
by reference into the Lease and this First Amendment as if set out here in its entirety. Occupancy of the
Gift Shop is effective on and after October 1, 2020.
Section 3. Lessee shall provide, at Lessee's sole cost and expense and subject to the Director of
Aviation's advance approval consistent with the language in the existing Lease, all necessary
improvements, equipment, furniture, and trade fixtures to make the Gift Shop compatible with Lessee's
other two leased spaces in the Terminal at the Airport.
Section 4. Section 3.5 of the Lease is modified to add an additional indented paragraph to read as
follows:
"Gift Shop: open one hour prior to the first scheduled aircraft departure and
remain open until the last scheduled aircraft departure"
Section 5. Section 5.2.1 is added to the Lease to read as follows:
"5.2.1. Notwithstanding the beginning date of the Lease and First Amendment and the term length
of the renewal option that was exercised, the Lease is extended and terminates at midnight on August 14,
2022."
Section 6. Lessee shall remit a monthly Lease payment in accordance with Section 3.1 equal to 12% of
the Gross Revenue derived by Lessee from the sale of all retail items in the Gift Shop or the MAG,
whichever is greater. The Lease payment for the Gift Shop is in conjunction with the Lease payment due
from Lessee under Article II of the Lease.
SCANNED Page 1of2
Section 7. All other terms and conditions of the Lease not modified by this First Amendment remain in
full force and effect.
EXECUTED IN TRIPLICATE ORIGINALS as of the dates set forth below:
CITY OF CORPUS CHRISTI
By: ( --Th
/ 9Tf - . ... 1._• ...-:..–..
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. .
VI CCA HUEPTA _ _–
CITY SECRETARY '"'�'
Name: c4)d.r1 y• >r1 ra-
Title: A ss4-. �.4 MA t r
C ,! 94FC)2) AUTHOSu .
Date: 41 3fl, L,02.0 n ('iURClL_a,:,1-(i' ao 26
2-
Appr.ved as to legal form: p`� 3ECRET"AR'�v, 6
f../..k.41 ' Ar' kMIP-
Elizabe , undley
I
Assist. r City Attorney
on behalf of Miles Risley, City Attorney
LESSEE/LESSEE: T• /• D CRP, LLC
By: -
V
Name: - ,kG c/
Title: / P 414—
Date: K /6'7ZO ZU
Attached and Incorporated:
Exhibit A-1 Gift Shop Leased Space
Page 2 of 2
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