HomeMy WebLinkAboutMINUTES - 09251990 - 1.17 f
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TO: BOARD OF SUPERVISORS 1.17
FROM: J. MICHAEL WALFORD, PUBLIC\WORKS DIRECTOR
DATE: SEPTEMBER 18, 1990
SUBJECT: LEASE OF T-HANGAR SITE AT BUCHANAN FIELD AIRPORT.
SPECIFIC REQUEMS)OR RECONIN11MAUON(S)dt BACKGROUND AND]USMCKHON
i. Recommended Action:
AUTHORIZE the execution of a lease with Dean Lesher and Jerry Alves (LCA Inc.) for the lease
of a T-hangar site at Buchanan Field Airport.
II. Financial Impact:
Revenue generated from this lease in the first twelve months shall be $3600. Commencing
October 1, 1991 and continuing until July 1, 1992, the rental rate shall be $71,800 per year.
Beginning July 1, 1992, the rental rate shall be $95,381 per year. This shall be escalated by the
CPI beyond that period. Beginning with the fifth year, an additional five percent of gross rental
business shall be paid to the Airport. Beginning with the tenth year, an additional ten percent
of gross rental business shall be paid to the Airport. 1
III. Reasons for Recommendations and Background:
On May 15, 1990, the Board of.Supervisors authorized the Public Works Director to enter into
lease negotiations with Dean Lesher and Jerry Alves for the purpose of developing approxi-
mately eighty T-hangars at Buchanan Field Airport.
The effective date of this lease shall be September 1, 1990 and continue for thirty years.
Continued on Attachment:_ SIGNATURE:
_RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
_APPROVE _OTHER
SIGNATURE(S):
ACTION OF BOARD ON Septefaber 25, 1990 APPROVED AS RECOMMENDED X OTHER
VOTE OF SUPERVISORS
_UNANIMOUS (ABSENT _ )
AYES: NOES:
ABSENT: ABSTAIN: I hereby certify that this is a True and correct copy of
an action taken and entered on the minutes of the
Board of Supervisors_on the date-shown.
HEW:dg ATTESTED: September 1990
alves2.bo PHIL BATCHELOR,Clerk of the Board
i of Supervisors and County Administrator
Orig Div: Airports I
cc: County Administrator W i_ _�+f aJ_L_i Dept,
Public Works Director
Public Works Accounting '
Auditor/Controller
Aviation Advisory Committee
Federal Aviation Administration
Alves/L.esher