HomeMy WebLinkAboutMINUTES - 09221992 - 2.3 IZ
TO: BOARD OF SUPERVISORS
FROM: J. MICHAEL WALFORD, PUBLIC WORKS DIRECTOR
DATE: SEPTEMBER 8, 1992
SUBJECT: LEASE - BUCHANAN FIELD AIRPORT - AB LEASE
SPECIFIC REQUEST(S)OR RECOMMENDATION(S) &BACKGROUND AND JUSTIFICATION
I. Recommended Action:
APPROVE a Lease with AB Lease, for approximately one-third acre of undeveloped land located
at the Buchanan Field Airport, California, under the terms and conditions more particulary set
forth in said Lease, and
AUTHORIZE the Public Works Director to' EXECUTE said Lease on behalf of the County.
II. Financial Impact
Minimum rent payments of$12,000.00 per year for the first year with increases annually during the
first five years, and every fifth year thereafter, shall be deposited in the Airport Enterprise Fund,
and anticipated annual sales tax of approximately $100,000.00 shall be deposited in the County's
General Fund.
III. Reasons for Recommendations and Backeround:
Provides for the long term development and tenancy of land adjacent to the Buchanan Fields Golf
Course. Said development design will be compatible with the new golf course development, which
will benefit the aesthetic appearance and general business of the Buchanan Field Airport. The
Lease includes a provision foripercentage rent which offers the potential for higher rent payments
to the Airport Enterprise Fund.
Continued on Attachment: SIGNATURE:
_RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
_APPROVE _OTHER
SIGNATURE(S):
ACTION OF BOARD ON 91.2 APPROVED AS RECOMMENDED X OTHER
VOTE OF SUPERVISORS
JL UNANIMOUS (ABSENT )
AYES: NOES: I hereby certify that this Is a true and correct copy Y
ABSENT: ABSTAIN: an action taken and entered on the minutes of the
DRA: Board of SupervIsorV on V date phown.
ATTESTED: -z 2, Z f
c:ABI.,ease.brd:budg PHIL BATCH LOR,Clerk of the Board
of Supervisors and County Administrator
Orig Div:Airports
cc: County Administrator By : ,t]eputy
Public Works Director
Public Works Accounting
Auditor/Controller
Aviation Advisory Committee 0 n u
Federal Aviation Administration t,,;,
AB Lease (Tenant),j,,;,, p w