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CCAA Resolution 2001-035RESOLUTION NO. 01-35 AUTHORIZING STAFF TO NEGOTIATE AN EXTENSION OF THE LEASE WITH IMMOKALEE REGIONAL RACEWAY IN THEIR CURRENT LOCATION AND BRING' NEGOTIATED LEASE EXTENSION BACK TO THE BOARD FOR APPROVAL WHEREAS, Immokalee Regional Raceway recently notified the Authority of their desire to extend their current lease for drag -strip operations for an additional five (5) years; and WHEREAS, Immokalee Regional Raceway's current lease expires March 31, 2402 and WHEREAS, staff requested authorization to negotiate an extension of said lease for an additional five (5) years in their present location, and, WHEREAS, staff will bring negotiated lease renewal at next regularly scheduled Board meeting. NOW THEREFORE, IT IS HEREBY RESOLVED BY THE COLLIER COUNTY AIRPORT AUTHORITY, that staff be directed to negotiate an extension of the lease with Immokalee Regional Raceway in their current location and bring the negotiated lease extension back to the Board for approval at the next regularly scheduled Board meeting. PASSED AND DULY ADOPTED by affirmative majority vote of the Collier County Airport Authority this 19'b day of November, 2001. DATED: ATTEST: Drury, C � Witness %V GAIL D. HAMBRtGNT Public, State Florida My y comm. expires Aug, , f9, 2002 Comm. No. CC768562 COLLIER COUNTY AIRPORT AUTHORITY COLLIER COUNTY, FLORIDA Stephen . rice, Chairman