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This record contains private information, which has been redacted from public viewing.
Record #: O2020-3997   
Type: Ordinance Status: Passed
Intro date: 7/22/2020 Current Controlling Legislative Body: Committee on Aviation
Final action: 1/27/2021
Title: Second amendment to Phase I lease, first amendment to Phase II lease, first amendment to fuel farm lease and Phase III lease agreement with Aero Chicago, Aero Distribution and Aero Chicago II for cargo facility operations at Chicago O'Hare International Airport
Sponsors: Lightfoot, Lori E.
Topic: AGREEMENTS - Lease, - AIRPORTS - O'Hare
Attachments: 1. O2020-3997 (V1).pdf, 2. O2020-3997.pdf
ORDINANCE


WHEREAS, The City of Chicago ("City") is a home rule unit of government as defined in Article VII, ยง6(a) ofthe Illinois Constitution, and, as such, may exercise any power and perform any function pertaining to its government and affairs; and

WHEREAS, The City owns and operates Chicago O'Hare International Airport ("Airport") and possesses the power and authority to lease its premises and facilities and to grant other rights and privileges with respect thereto; and
WHEREAS, The City is vested with authority to provide for the needs of aviation, commerce, shipping, and traveling to and around the Airport to promote and develop the Airport, and, in the exercise of such power, to lease City-owned properties at the Airport, upon such terms and conditions as the corporate authorities of the City shall prescribe; and

WHEREAS, The City and Aero Chicago, LLC, a Delaware limited liability company ("Aero Chicago"), previously executed and delivered that certain Aero Chicago, LLC Cargo Facility Phase I Lease dated August 8, 2012 (the "Phase I Lease"), which Phase I Lease provides, among other things, for a right for Aero Chicago to lease the Phase I Leased Premises (as defined therein) from the City in accordance with the provisions set forth therein, pursuant to an ordinance ofthe City adopted on June 28, 2012; and

WHEREAS, The City and Aero Chicago previously executed and delivered that certain First Amendment to the Phase I Lease, dated June 30, 2016, amending the Phase I Lease; and

WHEREAS, The City and Aero Chicago have determined that it is necessary to further amend the Phase I Lease and with a second amendment to the Phase I Lease (the "Second Amendment to the Phase I Lease"); and

WHEREAS, The City and Aero Chicago desire to enter into a Second Amendment to the Phase I Lease substantially in the form attached hereto as Exhibit A; and

WHEREAS, The City and Aero Chicago previously entered into and delivered that certain Aero Chicago, LLC Cargo Facility P...

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