November 4, 2012

Okaloosa County BOCC — November 4, 2012 — Action Item Printout

Okaloosa County Board of County Commissioners action item printout for the November 4, 2012 meeting. Official document preserved from the county IQM2 public portal, with a searchable OCR text layer.

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Action Item Printout from the Okaloosa County BOCC meeting of November 4, 2012 (IQM2 meeting #1105). Original portal label: Action Item Printout. Preserved as a historical public record; part of the meeting linked as a related source.

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Action Item Printout
Date
November 4, 2012
Reference collection
Okaloosa County Board of County Commissioners (IQM2 public portal)
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Action Item Printout (PDF)

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BOARD OF COUNTY COMMISSIONERS AGENDA REQUEST DATE: December 18, 2012 TO: Honorable Chairman and Members of the Board FROM: Greg Donovan SUBJECT: Assignment of Lease - Neal to Robbins DEPARTMENT: Airport BCC DISTRICT: All STATEMENT OF ISSUE: The Board is requested to approve a proposed Assignment of Lease from James L. Neal to Phil Robbins/Armada Systems for Block 4 Lot 1 at the Destin/Ft. Walton Beach Airport. The BCC is also requested to authorize its Chairman to sign the mortgage executed by Mr. Robbins with CCB Community Bank. BACKGROUND: Mr. Neal previously entered into a ground lease agreement for Block 4 Lot 1 at the Destin/Ft. Walton Beach Airport and now desires to assign his responsibilities to Phil Robbins/Armada Systems. Mr. Robbins is taking a mortgage from CCB Community Bank. The bank is requesting to be notified in writing of any default occurring under this lease and the right, but not the obligation, to cure the default within a reasonable time after delivery of such notice. CCB Community Bank also requests the County acknowledge its right to take possession of the leasehold interest in the event of Mr. Robbins’ default. Assignment of Lease transfer fee has been received and the certificate of insurance is attached along with the contract and lease internal coordination sheet. OPTIONS: Approve, Reject, Table RECOMMENDATIONS: It is staff's recommendation that the Board approve the Assignment of Lease as described above. RECOMMENDED BY: APPROVED BY: James D. Curry, County Administrator

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Public record of Okaloosa County, Florida.

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