HomeMy WebLinkAboutMINUTES - 07132010 - C.23RECOMMENDATION(S):
APPROVE and AUTHORIZE the Public Works Director, or designee, to EXECUTE on
behalf of the County, a County’s Consent to Leasehold Encumbrance; Estoppel between
County, as Landlord, Byron Aviation Services Limited, as Tenant, and Scott Valley Bank,
as Tenant’s Lender, for leased premises, commonly known as 7500 Falcon Way, at the
Byron Airport.
FISCAL IMPACT:
There is no negative impact on the General Fund.
BACKGROUND:
August 8, 1995 the County entered into a Lease Agreement with Byron Aviation Services
Limited, a Nevada Limited Partnership, for the construction of twenty-two fifty foot by fifty
foot hangars at the Byron Airport. The Lease provides that Byron Aviation Services Limited
my subject the leasehold estate to no more than one leasehold encumbrance, and that such
leasehold encumbrance shall be subject to Airports prior written consent.
Byron Aviation Services now desires to refinance their current loan.
APPROVE OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
Action of Board On: 07/13/2010 APPROVED AS RECOMMENDED OTHER
Clerks Notes:
VOTE OF SUPERVISORS
AYE:John Gioia, District I
Supervisor
Gayle B. Uilkema, District II
Supervisor
Mary N. Piepho, District III
Supervisor
Susan A. Bonilla, District IV
Supervisor
Federal D. Glover, District V
Supervisor
Contact: Beth Lee, (925)
646-5722
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.
ATTESTED: July 13, 2010
David J. Twa, County Administrator and Clerk of the Board of Supervisors
By: EMY L. SHARP, Deputy
cc:
C. 23
To:Board of Supervisors
From:Keith Freitas, Airports Director
Date:July 13, 2010
Contra
Costa
County
Subject:APPROVE AND AUTHORIZE COUNTY’S CONSENT TO LEASEHOLD ENCUMBRANCE;
ESTOPPEL FOR BYRON AVIATION SERVICES LIMITED AT THE BYRON AIRPORT
BACKGROUND: (CONT'D)
The new loan will replace the existing loan so only one loan will exist on the leased
premises at any one time.
Execution of the County’s Consent to Leasehold Encumbrance; Estoppel allows the
tenant to refinance the improvements located at they Byron Airport.
CONSEQUENCE OF NEGATIVE ACTION:
The County’s Consent to Leasehold Encumbrance; Estoppel will not be executed, and the
tenant will not be able to refinance the improvements he has developed.
ATTACHMENTS
Estoppel Certificate and Consent