Act No. 8974 — An Act approving the Fifth Amendment to Lease Agreement between the Government of the Virgin Islands and Coral World (V1), Inc. to extend th
ACT NO.8 97 4 BILL NO. 35-0423 THIRTY-FIFTH LEGISLATURE OF THE VIRGIN ISLANDS Regular Session 2024 An Act approving the Fifth Amendment to Lease Agreement between the Government of the Virgin Islands and Coral World (V1), Inc. to extend the lease term, provide for additional rent, and incorporate two surveys reflecting the metes and bounds description of the leased premises my WHEREAS, by lease agreement between the Government of the Virgin Islands and Coral World (V.1), Inc. (“Coral World”) dated February 17, 1971 (“Original Lease”), as amended by agreements dated March 3, 1976 (“First Amendment”); August 13, 1976 (“Assignment Amendment”); August 16, 1976 (“Third Amendment”); and October 24, 2013 (“Fourth Amendment”), collectively referred to herein as the “Lease”, Coral World is the occupant of fast and submerged lands located in and adjacent to Parcel C, Parcel D«I, and Parcel D-2 Estate Coki Point, No, 4A East End Quarter, St, Thomas. Virgin Islands (“Premises”), on and in which Coral World has developed and operates Coral World Ocean Park. …
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