HomeMy WebLinkAbout2009-185 Lease Ext - T Hangar-Sandler Films
EXTENSION TO GROUND LEASE AGREEMENT DATED AUGUST 16,1989 BETWEEN
THE CITY OF ASHLAND AND SANDLER FILMS INC.
WHEREAS, on August 16, 1989, the City of Ashland, Lessor, and Sandler Films Inc.,
Lessee, entered into a Ground Lease Agreement concerning certain real property at the
Ashland Municipal Airport, said property being more particularly described and shown on
Exhibit A, attached hereto and made a part hereof by this reference; and
WHEREAS, the Lease term began on August 16, 1989, and expires on August 16,
2009; and
WHEREAS, the Lease provides that at the termination of the lease the Lessee will
have the first right of refusal to lease the premises from the City; and
WHEREAS, the City extended an offer to Lessee on August 13, 2009; and
WHEREAS, Lessee, requested a thirty (30) day extension to the Lease Agreement to
consider the City's offer for a new lease and to negotiate terms and conditions; and
WHEREAS, City agrees that one thirty (30) day extension is necessary to allow City
and Lessee an opportunity to reach an Agreement on a new lease for the property; and
NOW THEREFORE, the 1989 Lease Agreement is hereby amended as follows:
1. The recitals set forth above are true and correct and incorporated herein by this
reference.
2. The Lease Agreement is hereby amended to reflect a thirty (30) day extension from
August 16, 2009 to September 15, 2009; and
3. All other provisions of the Lease Agreement not inconsistent with the above
extension remain in full force and effect.
ORDER
Pursuant to ORS 271.360 the governing body hereby approves and authorizes the terms of
this lease as set forth above.
SANDLER FILMS, INC.
CITY OF ASHLAND
BY~~
Dated. / 0
APPROVEDASTOFO M
BY:
Dated:
Lease Agreement Extension
8-14-09
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