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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