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HomeMy WebLinkAboutC2025-134 - 7/29/2025 - Approved AMENDMENT NO. 1 TO LEASE AGREEMENT WITH OCEAN AIR CENTER, CC This Amendment No. 1 amends the Lease Agreement between the City of Corpus Christi ("City"), acting by and through its Director of Aviation, and Ocean Air Center, LLC ("Lessee") regarding the Premises located at 550 Hangar Lane, Corpus Christi, Texas. NOW THEREFORE THE PARTIES AGREE AS FOLLOWS: 1) Section 2 is amended to read as follows: "Section 2. Term. The term of the Lease commences upon final approval by the Corpus Christi City Council and execution by the City Manager("Effective Date") and continues on a month-to-month basis unless earlier terminated by one of the parties in accordance with this Agreement. The initial Term shall be extended for two (2) additional consecutive periods of one (1) year each, with prior written notice provided by Lessee with at least 60 calendar days prior to the expiration date and agreed by the Director of Aviation. 2) Section 4 is amended to read as follows: "Section 4. Rent. G. Rent amount shall increase by three percent (3%) annually on each anniversary of the Effective Date of this renewal term, unless adjusted in accordance with this Lease" (Signatures on next page.) SCANNED City of Cprpus Ch isti Ocean Air Center, LLC (L) By: By: Name: ,ka o ( e ( M C h ( vk " Name: l ��© ,� ids Title: .v.t?iLvw, P C Title: p vy) Date: 7 g'77 �� Date: 'J 02S"''- Approved as to legal form on: 07/�q s &vit-e4, Assistant City Attorney 0610310- AUTHORIZED ; 11"EST; BY COUNCIL I - d4 l"a_5 EB CCA HUERTA (Lt-V6-6 CITY SECRETARY SECRETARY