Memorandum of Lease - Leasehold Agreement for Hangar Construction BCC 12/10/2024 INSTR 6622474 OR 6422 PG 467
RECORDED 12/13/2024 9 39 AM PAGES 4
CLERK OF THE CIRCUIT COURT AND COMPTROLLER
COLLIER COUNTY FLORIDA
After Recordina return to: REC$35 50
Collier County Airport Authority
Attn: Administrative Offices
2005 Mainsail Drive, Suite 1
Naples, Florida 34114
MEMORANDUM OF LEASE
This Memorandum of Lease (hereinafter referred to as this "Memorandum") is made and executed as of
this ION` day of December, 2024, by GLOBAL FLIGHT TRAINING SOLUTIONS, INC., a Florida
corporation (hereinafter referred to as "Tenant") with an address of165 Airpark Blvd. Immokalee, Florida
34142, and the Collier County Board of County Commissioners of Collier County, Florida, a political
subdivision of the State of Florida, acting it its capacity as the Collier County Airport Authority (hereinafter
referred to as the"Authority"or"Lessor")with administrative offices at 2005 Mainsail Drive, Suite 1, Naples,
Florida 34114.
WHEREAS, the Authority and Tenant entered into that certain Lease Agreement with an effective
date of April 1, 2025 (herein the "Lease Agreement")whereby:
1. The name of the lessor to which this Memorandum applies is the Collier County Board of
County Commissioners of Collier County, Florida, a political subdivision of the State of
Florida, acting in its capacity as the Collier County Airport Authority (i.e., the "Authority"
defined hereinabove).
2. The legal description of the parcel of land to which this Memorandum applies is set forth in
Exhibit "A," attached hereto and made a part hereof (hereinafter referred to as the
"Premises").
3. The Authority has entered into a Lease Agreement with the Tenant for the rental of the
Premises, made as of the 1st day of April, 2025, by and between the Authority and Tenant
(hereinafter the "Lease Agreement").
4. The Lease prohibits in accordance with Section 713.10, Florida Statutes, the interest of the
Authority as lessor of the Premises being subject to any liens for improvements made by the
Tenant or any other party including but not limited to Tenant's lessees or assigns. The
specific language contained in the Lease Agreement prohibiting such liability is as follows:
15. DISCHARGE OF LIENS.
Tenant shall not cause or allow any lis pendens, construction, labor, mechanic's or
materialman's lien to be filed against the Premises, the Authority or the Authority's real or
personal property. In the event of the filing of any lien, or any other charge whatsoever
against the Premises, the Authority or its property, Tenant shall immediately take all
necessary action to secure the release of same and shall provide, at Tenant's expense, all
bonds,security or undertakings to accomplish the release of such liens. In the event Tenant
fails to secure the release of any such liens,the Authority shall have the right, but not the
duty or obligation,to take any action it deems appropriate to secure the release of any such
lien including paying the underlying obligation to the lienor. Tenant agrees to indemnify
and hold the Authority harmless from all liability, damages associated with this
requirement,expense and costs including reasonable attorneys'fees.
5. The purpose of this instrument is to give notice of said Lease Agreement and all its terms,
covenants,and conditions to the same extent as if the same were fully set forth herein,The
Lease Agreement contains certain other rights and obligations in favor of Lessor and Lessee
that are more fully set forth therein.
6. The conditions,covenants,and agreements contained In this instrument shall be binding upon
and inure to the benefit of the parties hereto, their respective heirs, executors,
administrators, successors and assigns for the term of the Lease Agreement and any
extensions thereof. '
7. This Memorandum may be executed In counterparts, each of which shall be deemed an
original but all of which shall constitute one and the same instrument.
8. This Memorandum is not intended to alter the terms of the Lease Agreement as otherwise
amended.In the event of a conflict,the Lease Agreement shall prevail.
IN WITNESS WHEREOF,Tenant and the Authority have executed and delivered this Memorandum
as of the Effective Date. ,
AUTHORITY:
BOARD OF COUNTY COMMISSIONERS OF
COLLIER COUNTY,FLORIDA,SERVING AS
«it r't* ^ THE COLLIER COUNTY AIRPORT AUTHORITY
ATTEST:
Crystal K. K.ii zel, C Iey4c al'Court
&;Ccimptro c
By: '/ <,k BY:
Attes a to Chake�"7L` Chi all,Chairman
.•
signature on[y,
Appr as to for and
1c t z ty. )i,
Sc .Teach
Deputy County Attorney
•
IN WITNESS WHEREOF,Tenant and the Authority have executed and delivered this Memorandum as of
the Effective Date.
TENANT:
WITNESSES: GLOBAL FLIGHT SOLUTIONS,INC.
/ _--- By.
Witnes Naine: f r1l.p� t~J ,, LC Victo:. ostetlo,Ow ier/ Zanager
(a/4. 2-------
Witness#2 Name: 0e k-a. teat A-
(ecTedsercVN
STATE OF F4,gRifitik , )
COUNTY OF /it4t443 )
The foregoing instrument was acknowledged before me by means ofj..--'physica1 presence
o r � , this 'q• day of P14.4.s , 2024, by Victor Costello, as
Owner/Manager of Global Flight Solutions,Inc.,on behalf of the company. He le-11s personally
known to me oz;li3s iuccd --- us-identification. .
• 7 • .; • No ic, State of Fiot?rla li�i
�'• "1�iii � F lk Commission No.:
1 .,,, I,'t.'l My Commission Expires: I—iC) i1'1_ er
ti-
'):0 04:14 C./ 1,1-4,d.- Agrfe.e..A.tZ i_
WALTER BEAI"I Y
COMMISSIONED FOR LIFE
NOTARY PUBLIC
` via67168 FITZWILLIA.M SQ•,
� DUBLIN 2,IRELAND.
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