HomeMy WebLinkAboutMINUTES - 07231996 - C11 TMJ: BOARD OF SUPERVISORS
FROM: J. MICHAEL WALFORD, PUBLIC WORKS DIRECTOR (.•
DATE: JULY 23, 1996
SUBJECT: BUCHANAN FIELD AIRPORT - BUCHANAN AIRPORT HANGAR OWNERS ASSOCIA-
TION, INC. - OPTION TO LEASE
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) &BACKGROUND AND JUSTIFICATION
I. Recommended Action:
APPROVE and AUTHORIZE the Public Works Director to EXECUTE, on behalf of the County, an
Option To Lease with the Buchanan Airport Hangar Owners Association, Inc. for the option to lease
a portion of the Buchanan Field Airport, under the terms and conditions more particularly set forth in
said Option To Lease.
II. Financial Impact:
The sum of $52,500.00 will be deposited in the Airport Enterprise Fund.
III. Reasons for Recommendations and Background:
The Airport currently leases approximately 3.3 acres of land at the Buchanan Field Airport to an
existing tenant. The tenant subleases the land to owners of individual T-Hangars who have placed their
T-Hangars on the property. The term of County's lease with the tenant will expire on August 31, 2003.
The individuals who sublease the property have expressed their desire to form a non-profit corporation
with the intent of obtaining an option to lease the property from the County when the current lease
expires. The Airport has negotiated the terms of an Option To Lease with the corporation. The
corporation has agreed to pay the County a lump sum of $52,500 as consideration for the Option To
Lease. Upon exercise of the Option To Lease, the corporation will then have the.option of executing
a new 10-year lease with the County to commence September 1, 2003.
Continued on Attachment: Yes SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON _-. e . R 3, /99(-0 APPROVED AS RECOMMENDED OTHER
VOTTEE,OF SUPERVISORS
UNANIMOUS (ABSENT )
AYES: NOES:
ABSENT: ABSTAIN:
HEW:DRA I hereby ceAN that this Is a ffUe and Coned OW of
Porta.brd:porta an action taken and entered on fro tnI1pIW ot-tlro
S)Brd of SYpenll IM On ft date e1MM
Ong Div:Airports(Dick Awenius 6 M
5722) AT S7EDLY �3 9'9�
cc: County Administrator PHIL tfarkoffN00afd
Public Works Director of8upafvbotaaad
Public Works Accounting
Auditor/Controller
Aviation Advisory Committee(via A/P)
Federal Aviation Administration(via A/P)
Buchanan Airport Hangar Owners Association,Inc.(via A/P)
Burchanan Field Airport - Option To Lease with
Buchanan Airport Hangar Owners Association, Inc.
July 23, 1996
Page Two
IV. Consequences of Negative Action:
The Option To Lease will not be executed, and the sum of$52,500 will not be deposited in the Airport
Enterprise Fund.