Item Coversheet
CITY OF ORLANDO
AGENDA ITEM



Items Types: Other

For Meeting of: 1/23/2017

District:On file (City Clerk):No



Subject:Third Amendment to the Premises Lease and Use Agreement between GOAA, and All Aboard Florida
Summary:

The Greater Orlando Aviation Authority, "GOAA" and All Aboard Florida-Operations, LLC, "AAF", entered into the Premises Lease and Use Agreement, "Agreement", on January 22, 2014.  The Agreement provided for AAF''s construction of facilities, and use of property, at the Orlando International Airport, "OIA," for rail station purposes. (GOAA controls the OIA property, which is owned in fee simple by the City, under the terms of the Amended and Restated Operation and Use Agreement.)  GOAA and AAF desire to amend the Agreement to address changes to the primary infrastructure allowance costs, arising from the delay in the initiation of construction.  The City is not a party to the Amendment but will execute a  Joinder to evidence its consent as the fee simple owner.     

Fiscal and Efficiency Data:N/A
Recommended Action:Approval of the attached Third Amendment and authorization for the Mayor or Mayor Pro Tem to execute same, subject to review and approval by the City Attorney's Office. 
Contact:Roy K. Payne, Esq.


ATTACHMENTS:
File NameDescriptionType
DOC011317-01132017160003.pdfThird AmendmentBackup Material

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