HomeMy Public PortalAboutADDENDUM 1 to Contract 16-2010 - Airport - MikADDENDUM
THIS ADDENDUM, (Number 1 to Contract No. 16-2010) is made and entered into this
_8th day of _Jules 2010, by and between Richmond, Indiana, a municipal corporation
acting through its Board of Aviation Commissioners with its office at _5169 SR 227 South
Richmond, Indiana, (hereinafter referred to as "City"), and Mikesell Farms, 2129 Stephens Road,
New Madison, Ohio, 45346 (hereinafter referred to as "Lessee").
WHEREAS, City and Lessee entered into Contract No. 16-2010; and
WHEREAS, City wishes to amend the Airport Farm Premises Property Lease known as
Contract No. 16-2010 to include the addition of approximately twenty-three
(23) acres to the designated "Airport Property" set forth in Contract No. 16-
2010 and to allow appropriate payment in the amount of $222.00 per acre to
be applied to the additional acreage.
NOW, THEREFORE, in consideration of the mutual promises and covenants herein
contained, including the above stated recitals, City and Lessee hereby agree as follows:
The City and Party executed and entered into Contract No. 16-2010, on February 18,
2010. Contract No. 16-2010 consists of nine (9) pages is attached hereto, marked as
Exhibit "A" and incorporated by reference.
2. Both parties hereby agree that Contract No. 16-2010 shall be amended to allow an
additional twenty-three (23) acres to be added to the current acreage referred to as the
"Farm Premises" (currently approximately 493.5 acres) for a new total acreage of
516.5 acres.
Both parties hereby agree that the annual rental sum originally calculated in Contract
No. 16-2010 shall be re -calculated at Two Hundred Twenty-two Dollars and Zero
Cents ($222.00) per acre, at the new total of 516.5 acres ($222.00 per acre x 516.5
acres).
4. Both parties hereby agree that the new annual rental sum under Contract No. 16-
2010 shall be the amount of $114,663.00.
Both parties hereby agree that Contract No. 16-2010 shall be amended so that the
rent due on or before November 2010 shall be fifty (50%) percent of the new
annual rental sum of $114,663.00.
Both parties hereby agree that all further payments due in 2011 and any additional
years that Contract No. 16-2010 is extended under its terms shall be calculated at the
above rate with the applicable 516.5 acreage and new annual rental amount of
$114,663.00.
7. Both parties hereby agree that the bi-annual payment schedule shall remain the same
as set forth in Contract No. 16-2010.
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Both parties hereby agree that with the exception of the additional acreage and re-
calculation of the annual rental amount due as set forth above, Contract No. 16-2010
shall remain intact and unchanged.
IN WITNESS WHEREOF, this Addendum is executed and approved by the undersigned
representatives of the City and Lessee this _8th _, day of _July , 2010, to be effective in
accordance with its terms as of July _8th 2010.
"LESSEE"
Mikesell Farms
By: S/S Bruce Mikesell
Date:
Approved: S/S Sarah L. Hutton
Sarah L. Hutton, Mayor
Date: July 26, 2010
The City of Richmond, Indiana by
and through its Board of Aviation
Commissioners
S/S Darlene Fleming
Darlene Fleming, President
S/S Larry Richards
Larry Richards, Vice President
S/S Eric Holmes
Eric Holmes, Secretary
S/S Mel Bruns
Mel Bruns
Date: July 8, 2011
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