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1 04-11-1995 Amendment 1

1 04-11-1995 Amendment 1

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Published by Timothy Gibbons

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Published by: Timothy Gibbons on Nov 30, 2011
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APR111995
RECEIVED
DMS
AMENDMENTNO.1TOLEASEBYANDBETWEENCITYOFJACKSONVILLE,FLORIDAANDJACKSONVILLEJAGUARS,LTD.DATEDSEP'I'E1\ffiER7,1993
 
LEASE
TInSAMENDMENTNO.1TOLEASEmadethisdayof_______,1995,betweenCITYOFJACKSONVllLE,FLORlDAamunicipalcorporationandpoliticalsubdivisionoftheStateofFlorida(the"City")andJACKSONVILLEJAGUARS,LID.,aFloridalimitedpartnership,whoseprincipaladdressisOneStadiumPlace,Jacksonville,Florida32202
("JJL").
RECITALS:WHEREAS,theCityandJJLenteredintothatcertain"LeasebyandbetweentheCityofJacksonville,FloridaandJacksonvilleJaguars,Ltd.(formerlyknownasTouchdownJacksonville,Ltd.)datedSeptember7,1993,C'the"Lease")whichgenerallyprovided,amongotherthings,thattheCitywouldprovide$121millionforrenovationoftheGatorBowl
in
accordancewiththatcertainLeaseExhibitA"StadiumPlan"andthattheJaguarswouldcausesuchrenovationstobemadeforsuchamount
I
andinadditionthattheCitywouldmakecertainothercapitalimprovements
in
thearea.surroundingtheGatorBowlinaccordancewithLeaseExhibitB"Area.Improvements,
II
andWHEREAS,theCityandJJLdesiretomakecertainupgrades,enhancementsandotherimprovementswithrespecttotheStadiumPlanasdescribedonAmendmentNo.
I
toExhibitAheretoandwithrespecttotheAreaImprovementsasshownonAmendmentNo.1toExhibitBhereto,andWHEREAS,withrespecttotheamendedStadiumPlan,JJLhasagreedtopay$10,350,000thereofasSupplementalRentpursuanttotheLeaseandtheCitywillpaythe
2
 
remaining$3,550,000aswellaspayingfortheAreaImprovements,nowtherefore,ThepartiesheretodoherebyagreetoamendthatcertainLease,asfollows:AllreferencesintheLeaseto"TouchdownJacksonville,Ltd."and"TD},'shallbedeletedand
in
lieuthereofinsert"JacksonvilleJaguars,Ltd."and"JJL,"respectivelyand,
in
SubparagraphIBonpage2,"B."BaseContractAmount"shallmeananamountnottoexceedthesumofOneHundredTwentyFourMillionFiveHundredFiftyThousandDollars($124,550,000.00)."and,
in
SubparagraphIGonpage4,"G.
"Area
Improvements"shallmeancertainpublicpurposecapitalprojectslocated
in
thevicinityoftheStadium.Adescriptionofthe
Area
Improvementsisattachedheretoas"AmendmentNo.1toExhibitB-
Area
Improvements"attachedtoAmendmentNo.1totheLeaseandincorporatedbyreferenceherein."and,inSubparagraphlLonpage6,"L."RenovationProject"shallmeantherenovationoftheStadiumandtheconstructionofthePracticeFacilityimprovementsinaccordancewiththeStadiumPlanandallactivitiesdirectlyrelatedthereto,including,butnotlimitedtoplanning,design,permitsandlicenses,testing,architecturalandengineeringservices,expediting,acquiring,insuring,constructing,renovating,improving,leaseholdimprovements,furnitureandequipment,butspecificallyexcluding(a)theactivitiesof
any
"programmanager"retainedbytheCitytoadvisetheCity,
(b)
anyactivitiesrelatedtocertainAreaImprovementsasdescribedinB-1throughB-6ofAmendmentNo.1toExhibitB-
Area
Improvements,(c)anyactivitiesrelatedtotheissuanceoftheFinancialInstruments,(d)anyactivitiesorworkdescribedin"AmendmentNo.1to
3

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