AMENDED LEASE TERMS AND CONDITIONS FOR SCOTT AVIATION/WILSON SCOTT
Wilson Scott, also known as “Scott Aviation”, currently leases real estate from the Minot International Airport (MOT). On March 16, 2020 the City Council authorized notice be served to Mr. Scott that he was in default of the terms of his lease. After several months of negotiation, city staff and Wilson Scott came to an agreement on new lease terms, and a new lease was approved by the City Council at their regular meeting on May 4, 2020. Following that meeting, city staff and Wilson Scott discovered a few updates that needed to be made to the lease, which are shown in red, and include updating the lessee party to Mr. Scott’s new LLC, formerly known as Scott Aviation, LLC, updating the effective and expiration dates, correcting a typo in paragraph 3, and updating the notice address for Scott Aviation, LLC.
City Staff recommends the City Council review the proposed Ground Lease and Hangar Development Agreement and authorize the Mayor to enter into the amended agreement.