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HomeMy Public PortalAbout2009_09_22_R105 - RZF Lease Agreement`1'haa T'cata:~n n}Y § d t I'RESLi`I`FEL7: Se tetnbar 22 2449 I2E;SC7LUTFC}N Nd. 2449-14~ AC)dI?"I'ED: September 22, 24(19: A12ESOLIJRhIdt~I: t1t;TH~RI~ING ~1 CIIANdiE. N VIAJORI`1'~' 4WZsTPRHII' OF RZP AVI.~TIC}N, LLC; .~1ND F(JI2THELt; `I'O EIvC[;tMBER THE FIJLiL FARM LLASE 13F.,TWEGN'1'HE'I'dWlvt dELEESBUR(i A;~ID R7T A4'IATIdN, Ll,C, Dt1`1"I;D JUNE 6, Zp46 AND 24118. WHEREAS, oia or about. June 6, 244G, the Town and RZl' Aviation LLC, entered into a long-term (ease (~Ifl years} to allow R7,F Aviatiottx LLC, to cpnstrtzct, opera#e aiid lease a eoi'poratelcotnmereial style hangar at the Leesburg Exeetttivc tlirport; and WFIEREAS, in 244&, flte Tam=ti at~d RLF Aviation, LLC, entered into a'second Ioitg-term: lease {38 years), to allow RZP Aviationy LI,C, to construct,'ttperate and lease a Fuel farnF at the Leesburg Fxectttive fiirport; and WLIF,REAS, neither the hangar nor tha fuel farm has yet been fit1ly coirpEeted; aiid WFIEItF;AS, in July of 2449, iwo {2} of the three (3}'members of It~F Aviation LLC transferred: their frdLOwnership to Mr. Andtetu Kenton ti~•ho'was the third member of the: titnited liability eotipatty; attc WI IEREAS, Bath the hangar lease and fnel Farm lease recluire'the Town's approval for aity° change in the majdrity ownership of the leasee, RZI' Avationy LLC; and WIILREAS, iVlr. Andrew Fenton is in negotiations with a privy#e investor who seeks to sublease aud' invest ix the hangar and fiteF farm; atatl WF-IEREAS,,the investor seeks a security frterest itt return fot`its investment one( therefore seeks to obtain a Deed of Trust from R/,F Aviation LLC against the long term leases; aiid _~. A RESOLIJ`1"ION: AU"fHO1tIl.Iiti'f, A CFIANE TN MAJORITY:OWN~.I2~IIIP OF ItLP AVIA'PION, LLC, AND FURTHER, TO ENCUMI3E;It TIIE Ft7EL FARM I,EASI; I3E`fWrlN THE TOWN OF I;EESI3Li12G ANI7 RLF AVIATION, LI,G; DATED JITNE 6, 244b AND 2448. WIiEREAS„lirJtb the hangar lease and the fiiel farm lease7ayiiire the "I'erivu's apprrsval before any couve}lance such as a security interest is conveyed by the Leasee, RZF Aviation LLC. TI IIIREFORE; RESt}LVED, by the Cou~icll of the Town of eesburg in Virginra that the Town Council, in aec~rdance with bcfli the 13angar and Fiie1 Farnr Lease, hereb}=i 1. Approves tltc transfer of majority membersE~ip in R7,r Aviation LLC to Mr. And~•ew Feiitan for purposes of the Lease i~ith the Town; and 2. Approves the conveyance of a security interest an the Ieaseliold estates subject to the. Ta~vn of Lees6ing's rights as fee nwner of Ehc real tiroperty, PASSED this 22"d day Ui' Septeanber, 2449,.... ATT,~S"f: ,1 t1~4 t t ~ ~ ' l ,I ~ . - -_-- Clerk of Coi~n~il.~% t ~~ { } . ~ ~, } ~. I~rrsta r `C 'irtstattd,l~fayor Tows ~f Leesburg P 1Resc~I[itiettilRestihxa~ns X06910422 Airgott Lease Resolution.daax 9i2Afl©C~9