LEASE AND CONCESSION AGREEMENT
THIS AGREEMENT, made and entered into this 27th day of September, 2021, by and between SARASOTA MANATEE AIRPORT AUTHORITY, a body politic and corporate existing under the laws of the State of Florida, hereinafter referred to as "Authority", and MITCHELL MANAGEMENT OF FLORIDA, INC., a corporation organized under the laws of the State of Florida, whose principal place of business is 2311 N Tamiami Trail, Nokomis, FL 34275, hereinafter referred to as "Concessionaire". The term "Parties" shall refer and apply to both "Authority" and "Concessionaire."
Whereas, the Authority owns and operates the Sarasota Bradenton International Airport ("Airport") located in the Counties of Sarasota, Florida and Manatee, Florida, and
Whereas, the Authority has constructed upon the Airport a terminal ("Terminal") to serve the needs of the traveling public; and
Whereas, the Concessionaire is engaged in the business of operating food and beverage concessions and is desirous of operating a food and beverage concession at the Airport; and
Whereas, Authority desires to provide additional food and beverage concessions in the Terminal to serve the needs of the traveling public and is willing to grant Concessionaire the non-exclusive right to construct and operate a food and beverage concession at the Airport;
Now therefore, for in consideration of the foregoing and of the mutual covenants hereinafter contained, and other good and valuable consideration, the Parties hereto agree as follows:
The following words, terms, and phrases wherever used in this Agreement shall for the purpose of this Agreement have the following meaning:
Agreement – This Lease and Concession Agreement, and as used herein contemplates and includes the lease of space in the terminal and the right and obligation of Concessionaire to use such space to construct and operate a non-exclusive Concession, under the terms and conditions expressly set forth herein.
Agreement Year- the First Agreement Year is October 1, 2021, through August 31, 2022. Each subsequent 12-month period, September 1 through August 31, is another Agreement Year.
Airport – The Sarasota-Bradenton International Airport (SRQ), located in the City of Sarasota, Sarasota County and Manatee County, Florida, including any real property, the fee simple title to which is vested in the Authority.
Authority – The Sarasota Manatee Airport Authority, a special district created by the Legislature of the State of Florida, pursuant to Chapter 91-358, Laws of Florida as amended, which owns and operates the Airport, and its administrative staff which is charged with daily operations of the Airport.
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