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HomeMy WebLinkAboutResolution 2024-064 Approving and Authorizing the Mayor to Sign the Third Amendment to the Master Development Lease Agreement Airport MARANA RESOLUTION NO. 2024-064 RELATING TO MARANA REGIONAL AIRPORT; APPROVING AND AUTHORIZING THE MAYOR TO SIGN THE THIRD AMENDMENT TO THE MASTER DEVELOPMENT LEASE AGREEMENT FOR THE LEASE OF REAL PROPERTY LOCATED AT THE MARANA REGIONAL AIRPORT, 11700 WEST AVRA VALLEY ROAD WHEREAS the Town of Marana and Pima Aviation,Inc. are parties to that certain lease agreement entitled, Master Development Lease Agreement(also known as the "73- Acre Lease") with a Commencement Date ofJune 1 1999 (the "Lease"), as amended by the First Amendment to the 73-Acre Lease recorded in the office of the Pima County Recorder on December 28,2001 at Sequence No. 20012501214,and as further amended by the Second Amendment to the Master Development Lease Agreement recorded in the office of the Pima County Recorder on June 12, 2018 at Sequence No. 20181630107, by which Lessor leases to Lessee a certain portion of real property located at the Marana Regional Airport (formerly the Avra Valley Airport), 11700 West Avra Valley Road, Town of Marana; and WHEREAS the Town and Pima Aviation now desire to amend the Lease further to retroactively extend it while the parties negotiate the terms and conditions of a new lease or other negotiated resolution; and WHEREAS the Mayor and Council find this resolution is in the best interests of the Town and its citizens. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE TOWN OF MARANA, ARIZONA, AS FOLLOWS: the Third Amendment to Master Development Lease Agreement, substantially in the same form attached to and incorporated by this reference in this resolution as Exhibit A, is hereby approved, the Mayor is hereby authorized and directed to sign it for and on behalf of the Town of Marana, and the Towri s Manager and staff are hereby directed and authorized to undertake all other and further tasks required or beneficial to carry out the terms, obligations, and objectives of the agreement. - 1 - Resolution No.2024-064 PASSED AND ADOPTED by the Mayor and Council of the Town of Marana, Arizona, this 18th day of June, 2024. Mayor Ed Honea ATTEST: APPROVED AS TO FOR : C-L ) David L. Udall, Town Clerk Jane Fa_ all, Tow Attorney 460 MAPANA AZ ESTABLISHED 1977 - 2- Resolution No.2024-064 . r 20241730160 PLEASE 06/21/2024 10:11:26 AM Page: 1 of 6 Gabriella Cazares-Kelly Recorder L OFFICIAL RECORDS OF PIMA COUNTY, AZ liii c 11%VY 141 V AIIVION I ti'tN AYA14:1041011 ti+ALVICII III THIRD AMENDMENT TO MASTER DEVELOPMENT LEASE AGREEMENT THIS THIRD AMENDMENT TO MASTER DEVELOPMENT LEASE AGREEMENT (this "Third Amendment") is made and entered by and between the TOWN OF MARANA, an Arizona municipal corporation,successor in interest to Pima County,("Lessor") and PIMA AVIATION, INC.,an Arizona corporation("Lessee"). Lessor and Lessee are collectively referred to in this Third Amendment as the"Parties" and are sometimes referred to individually as a"Party." RECITALS A. Lessor and Lessee are parties to that certain lease agreement entitled, "Master Development Lease Agreement" (also known as the "73-Acre Lease") with a Commencement Date of June 1, 1999 (the "Original Lease") by which Lessor leases to Lessee a certain portion of real property located at the Marana Regional Airport(formerly the Avra Valley Airport), 11700 West Avra Valley Road, Town of Marana, County of Pima,State of Arizona (the"Premises"). B. On September 4, 2001, the Parties entered into the "First Amendment to the 73-Acre Lease,"recorded in the office of the Pima County Recorder on December 28, 2001, at Docket 11705, Page 5244 (Sequence No.20012501214), (the "First Amendment") by which the Parties amended the Original Lease to revise the legal descriptions of the Premises. C. On June 5, 2018, the Parties entered into the "Second Amendment to the Master Development Lease Agreement," recorded in the office of the Pima County Recorder on June 12,2018, at Sequence No.20181630107, (the "Second Amendment"), by which the Parties amended the Original Lease to again revise the legal descriptions of the Premises, revised Articles 12 ("Rules and Regulations"), 14 ("Reservation of Easement"), and 20 ("General Provisions") of the Original Lease, and clarified that the effective date of the Original Lease for all purposes is the same as the Commencement Date of June 1, 1999. D. For reference purposes, a true and correct copy of the Original Lease was attached to the Second Amendment and recorded in the office of the Recorder of Pima County,Arizona with the Second Amendment. E. The Premises are more particularly described as follows: 1. Parcel One as described in the legal description and map attached as Exhibit B to the First Amendment to 73-Acre Lease dated September 4, 2001, recorded in the office of the Recorder of Pima County, Arizona, on December 28, 2001, at Docket 11705, Page 5244 (Sequence 20012501214) 2. Parcel Two as described in the legal description and map attached as Exhibit 2 to the Second Amendment to Master Development Lease Agreement, dated June 5, 2018 recorded in the office of the Recorder of Pima County, Arizona,on June 12,2018,at Sequence 20181630107 3. Parcel Three as described in the legal description and map attached as Exhibit 1 to the Second Amendment to Master Development Lease Agreement, dated June 5, 2018 recorded in the office of the Recorder of Pima County, Arizona,on June 12, 2018, at Sequence 20181630107 F. Paragraph 2.1 of the Original Lease provided that the Original Lease was for an Initial Term of 25 Lease Years beginning on June 1, 1999. "Lease Years" was defined as "a one year period beginning on the first day of the Initial Term or on any subsequent anniversary of such date and ending on the day preceding the next following anniversary of such date." The Parties agree that based on this language, the Original Lease commenced on June 1,1999, and expired on May 31,2024. G. Paragraph 2.2 of the Original Lease provided that if Lessee was not in default in the performance of any of the terms of the Original Lease when the initial 25-year term expired, Lessor shall extend the Original Lease at the option of Lessee for a single additional 25-year period.The Original Lease provided further that Lessee was to exercise the option to extend the Original Lease by notifying Lessor in writing at least one year and no more than three years prior to the expiration of the Initial Term of the Original Lease. H. Lessee provided written notice to Lessor of Lessee's desire to exercise its option to extend the lease on May 31, 2024, less than one year prior to the expiration of the Original Lease; thus, the Original Lease expired on its own terms at the end of the initial 25-year term. I. The Parties have been negotiating regarding the terms of a new lease or other resolution of issues between the Parties, and Lessee has continued to occupy the Premises and pay rent on the Premises as Lessee did prior to the expiration of the Original Lease. J. Paragraph 20.5 of the Original Lease provided that the Original Lease may not be enlarged,modified, or altered except in writing by the Parties. 2 K. The Parties desire now to amend the Original Lease to retroactively extend the term of the Original Lease while the Parties continue to negotiate the terms of a new lease or other resolution of issues between the Parties and to make other miscellaneous revisions to the Original Lease. AGREEMENT Now, THEREFORE, in consideration of the recitals set forth above and the mutual covenants,conditions, and agreements set forth in the Original Lease,the First Amendment, the Second Amendment,and this Third Amendment,the Parties agree as follows: 1. Extension of Term.The term of the Original Lease is retroactively extended for a period beginning June 1,2024,and ending August 31,2024,(the"Extension Period")unless sooner terminated pursuant to the provisions of this Third Amendment. The terms and provisions of the Original Lease shall apply during the Extension Period. 2. Ongoing Negotiations. The Parties shall continue to negotiate regarding the terms and conditions of a new lease for the Premises,or any portion of the Premises,or other resolution of issues between the Parties in good faith during the Extension Period.The Parties agree that they intend to reach final agreement on the new lease or other resolution before August 31, 2024. Failure to reach final agreement by that date shall provide grounds for the Lessor to terminate the Original Lease pursuant to paragraph 3.2 below,unless Lessor agrees in writing to negotiate beyond that date. 3. Termination of Original Lease. In addition to the termination provisions set forth in Articles 16 and 17 of the Original Lease, the following termination provisions shall apply during the Extension Period. 3.1. The Original Lease shall automatically terminate upon the effective date of any new lease for the Premises or any portion of the Premises, or upon written confirmation between the Parties regarding another negotiated resolution. 3.2. If Lessee defaults on the terms of this Third Amendment by failing to negotiate the terms and conditions of a new lease for the Premises, or any portion of the Premises, or other resolution in good faith, Lessor shall provide written notice to Lessee in accordance with Article 21 of the Original Lease of Lessor's default. Lessee shall have 30 days after receipt of the written notice to cure or remedy the default. If Lessee fails to cure or remedy the default, Lessor may, at its option, terminate the Original Lease, without further notice to Lessee, re-enter the Premises and recover damages, including, but not limited to, all costs of repossession and reletting and brokerage commissions for services performed by or for the Town. 3 4. Addresses.Paragraph 21.1 of the Original Lease is hereby deleted in its entirety and replaced with the following: 21.1 Addresses. All notices under this Lease shall be in writing,and shall be deemed sufficiently served if hand delivered or sent by certified mail, postage prepaid,to the recipient at the following addresses: If to LESSOR: Galen Beem,Airport Superintendent Marana Regional Airport 11700 W.Avra Valley Rd., #91 Marana,AZ 85653 Terry Rozema,Town Manager Town of Marana 11555 W.Civic Center Dr. Marana,AZ 85653 and with a copy to: Jane Fairall,Town Attorney Town of Marana 11555 W. Civic Center Dr. Marana,AZ 85653 If to LESSEE: Gary Abrams,President Pima Aviation,Inc. 11700 W. Avra Valley Rd., #86 Marana,AZ 85653 and with copies to: Pima Aviation,Inc. P.O. Box 5367 Tucson,AZ 85703 Wright Law PLLC Attention: Nathan C.Wright,Esq. 1785 East Skyline Drive,Suite 131 4 • Tucson,Arizona 85718 5. Effective Date of the Third Amendment. This Third Amendment shall be effective as of the signature date of the last Party to sign this Third Amendment. 6. Recordation. Lessor shall at its expense record this Third Amendment in the office of the Recorder of Pima County, Arizona within ten days of execution of this Third Amendment by all Parties. 7. Other Terms and Provisions. All other terms and provisions of the Original Lease and its exhibits,as amended by the First Amendment and the Second Amendment,not specifically changed by this Third Amendment, shall remain in effect and be binding upon the Parties as provided for in the Original Lease. Words and phrases having a defined meaning in the Original Lease have the same respective meanings when used in this Third Amendment unless otherwise expressly stated. 8. Recitals. The recitals set forth at the beginning of this Third Amendment are hereby acknowledged,confirmed to be accurate,and incorporated here by reference. 9. Entire Agreement. This Third Amendment constitutes the entire agreement between the Parties pertaining to the subject matter of this Third Amendment. All prior and contemporaneous agreements, representation and understanding of the Parties, oral or written,pertaining to the subject matter of this Third Amendment are hereby superseded and merged in this Third Amendment. 10. Severability. If any provision of this Third Amendment is declared illegal, invalid,or unenforceable,in whole or in part,under present or future laws,it shall be severed from the remainder of this Third Amendment,which shall otherwise remain in full force and effect. In lieu of the illegal, invalid, or unenforceable provision, there shall be added automatically as part of this Third Amendment a provision as similar in terms to the illegal, invalid, or unenforceable provisions as may be possible and still be legal, valid, and enforceable,and this Third Amendment shall be deemed reformed accordingly. 11. Governing Law. This Third Amendment is entered into in Arizona and shall be construed and interpreted under the laws of Arizona, and any actions to enforce or interpret the terms and provisions of this Third Amendment shall be brought and maintained in Pima County,Arizona. 12. Interpretation. This Third Amendment has been negotiated by Lessor and Lessee, and neither Party shall be deemed to have drafted this Third Amendment for purposes of construing any portion of this Third Amendment for or against any Party. 5 IN WITNESS WHEREOF, the Parties have executed this Third Amendment as of the last date set forth below their respective signatures. LESSOR: LESSEE: TOWN OF MARANA,an Arizona municipal PIMA AVIATION,INC.,an Arizona corporation corporation ri By: By: Ed Honea,Mayor Gary L. Abrams,President Date: 4212&'2-° Date: 6/04/ David L. Udall,Town Clerk D AS TO FORM: Jane • all,Town ttorney STATE OF ARIZONA ) )ss: County of Pima ) The foregoing instrument was acknowledged before me this N41day of June,2024, by Gary Abrams, the President of Pima Aviation, Inc., an Arizona corporation, on behalf of the corporation. Notary Public My Commission Expires: .6I t 0 4 CRYSTAL LEE BREEDING Notary Public•Arizona r; Pima County .'04-°/J Commission Y 585908 My Comm.Expires Aug 31,2024 0 6