AMENDMENT NO. 17
TO
AIRLINE LEASE AGREEMENT NO. AC-865
THIS AMENDMENT TO CONTRACT OF LEASE is made and entered into as of the 29th
day of June, 2000, by and between MILWAUKEE COUNTY, a municipal corporation,
organized and existing as one of the counties in Wisconsin (hereinafter referred
to as "County"), and MIDWEST EXPRESS AIRLINES, INC., a corporation organized and
existing under the laws of the State of Wisconsin, (hereinafter referred to as
"Participating Airline").
W I T N E S S E T H:
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THAT, WHEREAS, the parties hereto have heretofore entered into an Airline
Lease Agreement No. AC-865 (the "Agreement"), dated April 5, 1985, as amended,
relating to space, occupancy and the use of the premises and facilities of
General Mitchell International Airport ("GMIA") for the transportation of
persons and cargo by air; and,
WHEREAS, GMIA is currently in the process of constructing an additional
3,000 space addition to the parking structure at GMIA (the "Parking Expansion
Project"); and,
WHEREAS, pursuant to Article XVI of the Agreement, reports describing the
Parking Expansion Project, its benefits, the cost of construction, and source of
funding have been presented to the Signatory Airlines, through the Airport
Airline Affairs Committee ("AAAC"), with said AAAC having approved the Parking
Expansion Project by means of the ballot process; and,
WHEREAS, the Airlines have unanimously approved the issuance of General
Airport Revenue Bonds ("GARBs") to fund the Parking Expansion Project, as well
as the establishment of the several reserve funds and other funding mechanisms
to provide security to bond holders; and,
WHEREAS. County has determined it is in the best interest of the County and
the Participating Airline for the County to utilize Airport System Revenues to
make certain deposits in each fiscal year into various funds, all as further
described in the General Bond Resolution (File No, 00-369), which will
facilitate and ensure the repayment of General Airport Revenue Bonds.
NOW, THEREFORE, for and in consideration of the premises and of the mutual
covenants and agreements herein contained and other valuable considerations, it
is mutually agreed between the parties hereto that the aforesaid Agreement dated
April 5, 1985, as amended, is hereby further amended in the following
particulars, to wit:
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1. Effective June 1, 2000, Article IV, A. (2) shall be renumbered Article IV,
A. (3), and the following Article IV, A. (2) shall be added to read as
follows:
"A. GENERAL COMMITMENT
(2) "In addition, for and in consideration of Lessor's ongoing costs
and expense in constructing, developing, equipping, operating,
and maintaining the Airport System, Lessee, notwithstanding any
provision contained elsewhere in this Agreement, agrees to pay
Lessor rates, fees, and charges as will enable Lessor, after
taking into account revenues derived from other users of the
Airport System, to pay the principal of and interest on all
Outstanding Bonds now or hereafter issued, to meet any debt
service coverage requirements related to such Outstanding Bonds
and to fund the funds and accounts established with respect to
Outstanding Bonds, and, specifically, to make the required
deposits in each Fiscal Year into the Operation and Maintenance
Fund, the Special Redemption Fund, the General Obligation Bond
Fund, the Operation and Maintenance Reserve Fund, the Coverage
Fund and the Capital Improvement Reserve Fund (as defined and
described in the General Bond Resolution adopted by the County
Board of Supervisors on June 22, 2000). Without limiting the
generality of the foregoing, it is understood and agreed that in
order to facilitate compliance with the terms of the General Bond
Resolution, the County may, under this Agreement, impose and
collect rates, rentals, fees and charges sufficient so that in
each Fiscal Year its Net Revenues will be at least equal to l25%
of Debt Service on all Bonds Outstanding including, without
duplication, any Credit Facility Obligations (capitalized terms
being used with the meaning assigned to them in the General Bond
Resolution)."
2. Effective June 1, 2000, the words "(1) next" in line 2 of Article IV, A.
(3) shall be deleted and the words "(l) and (2)" shall be added.
3. Except as specifically provided herein, all of the terms and conditions of
the Agreement heretofore entered into between the parties dated April 5,
1985, as amended, shall remain in full force and effect.
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IN WITNESS WHEREOF, the parties hereto have caused these presents to be
signed by their respective proper officers and their corporate seals hereto
affixed on the dates hereinafter set forth.
COUNTY
Dated in Milwaukee, Wisconsin, this 29th day of June, 2000.
APPROVED: MILWAUKEE COUNTY
a municipal corporation
/s/ C. Barry Bateman 6/27/00 By:/s/ William Heinemann 6/28/00
--------------------------------- ----------------------------------
Airport Director Date William Heinemann
Director of Public Works
/s/ Timothy Warasby 6/26/00 By:/s/ Mark Ryan 6/29/00
--------------------------------- ----------------------------------
Corporation Counsel Date Mark Ryan
County Clerk
AIRLINE
Dated at Milwaukee, Wisconsin, this 1st day of June, 2000.
MIDWEST EXPRESS AIRLINES, INC.,
a Wisconsin corporation
By: /s/ Robert S. Bahlman
Robert S. Bahlman
Title: Sr. Vice President
Date: 6/1/00
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<PAGE>
STATE OF WISCONSIN )
) ss
MILWAUKEE COUNTY )
Personally came before me this 28th day of June, 2000, the above named
William Heinemann, Director of Public Works for Milwaukee County, to me known to
be the person who executed the foregoing instrument on behalf of Milwaukee
County, and acknowledged the same to be the free act and deed of said County,
made by its authority.
/s/ Carolyn Pucci-Schiel
-------------------------------------
Notary Public, Milwaukee, Co., Wis.
My commission expires 2/3/02
STATE OF WISCONSIN )
) ss
MILWAUKEE COUNTY )
Personally came before me this 29th day of June, 2000, the above named Mark
Ryan, County Clerk of Milwaukee County, to me known to be the person who
executed the foregoing instrument on behalf of Milwaukee County, and
acknowledged the same to be the free act and deed of said County, made by its
authority.
/s/ Judith A. Urban
-------------------------------------
Notary Public, Milwaukee Co., Wis.
My commission expires 10/19/03
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<PAGE>
STATE OF WISCONSIN )
) ss
COUNTY OF MILWAUKEE )
Personally came before me this 1st day of June, 2000, Robert S. Bahlman,
Sr. Vice President, of MIDWEST EXPRESS AIRLINES, INC., Lessee above, to me known
to be the persons who executed the foregoing instrument and to me known to be
such officers of said corporation, and acknowledged that they executed the
foregoing instrument as such officers as the deed of said corporation, by its
authority.
/s/ Linda C. Snyder
-------------------------------------
Notary Public, Linda C. Snyder
My commission expires: 1/7/01
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