HomeMy WebLinkAboutMINUTES - 07241990 - 1.21 TO: BOARD OF SUPERVISORS
FROM: J. MICHAEL WALFORD, PUBLIC WORKS DIRECTOR
DATE: JULY 24, 1990
1.
SUBJECT: LEASE OF CORPORATE HANGAR SITE AT BUCHANAN FIELD AIRPORT
SPECIFIC REQUEMS)OR RECOAII1GrNDAnON(S)&BACKGROUND AND JUSTIFICATION
I. Recommended Action:
AUTHORIZE the execution of a lease with Concord Aviation, Inc. for the lease of a corporate
hangar site at Buchanan Field Airport.
11. Financial Impact:
Rent during the first full year after construction is completed will be $36,51-0
III. Reasons for Recommendations and Background:
On January 30, 1990,the Board of Supervisors authorized the Public Works Director to negotiate
with Buchanan Corporate Properties for the lease of a corporate hangar site at Buchanan Field
Airport. Buchanan Corporate Properties is a subsidiary of Bedford Properties, Inc. They have
elected to enter into this lease under the name of Concord Aviation, Inc.
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Bedford Properties, Inc. has purchased a larger aircraft that will not fit into their existing
corporate hangar. It is their intent, however, to keep both hangars.
The lease will be for a term of thirty years with the initial rental rate at $.55 per square foot for
60,613 square feet and $.28 per square foot for 11,332 square feet (their access road). The cost
of living escalators shall be applied beginning the first day of the thirteenth month of this lease.
The Public Works Director recommends approval of this lease.
Continued on Attachment_ SIGNATURE: /f
_RECOMMENDATION OF COUNTY ADMIINIISTRAT _RECOMMENDATION OF BOARD COMMITTEE
_APPROVE _OTHER
SIGNATURE(S):
ACTION OF BOARD ON J U L 2 4 1990 APPROVED AS RECOMMENDED ✓ OTHER
VOTE OF SUPERVISORS
✓UNANIMOUS (ABSENT )
AYES: NOES:
ABSENT: ABSTAIN: I hereby certify that this is a crus and correct copy of
an action taken and entered on the minutes of the
HEW:dg Board of Supervisorson the dateshown.
bedford.bo ATTESTED: -1111
111 2 4 1990
Orig Div:Airports PHIL BATCHELOR,Clerk of the Board
cc: County Administrator of Supervisors;and Cc ntv Administrator
Public Works Director
Public Works Accounting ' LAI a
Auditor/Controller
Aviation Advisory Committee
Bedford Properties, Inc.
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