SUBJECT/RECOMMENDATION:
Title
Clearwater Airpark Update - Barry Shevlin, FlyUSA. (WSO)
Body
SUMMARY:
On January 17, 2023, City Council approved a Lease and Property Operation Agreement (the Agreement) between the City of Clearwater (City or Lessor) and FlyUSA PV, LLC (Lessee) for an initial five-year term through February 29, 2028, with one five-year unilateral renewal option, at the discretion of Lessee, and four subsequent five-year renewal options subject to mutual agreement of both parties.
On March 7, 2024, City Council approved a First Amendment to Lease and Property Operation Agreement for the Clearwater Airpark between the City of Clearwater (Lessor) and FlyUSA PV, LLC (Lessee) to provide for a 30-year initial term ending on February 29, 2053, with five five-year renewal options subject to mutual agreement of both parties among other minor revisions.