HomeMy WebLinkAboutMINUTES - 09282010 - C.14RECOMMENDATION(S):
APPROVE and AUTHORIZE the Director of Airports, or designee, to execute, on behalf of
the County, a lease between the County, as Lessor, and Caffino Express, LLC, as Tenant,
for the lease of property located at 2301 Meridian Park Boulevard, Concord Area.
FISCAL IMPACT:
There is no negative impact on the General Fund. The amended lease permits the Airport
Enterprise Fund to receive ground rent. In addition, the General Fund will continue to
receive property, sales and possessory interest tax revenues from the lease. The ground rent
will begin at $3,528.30 per month the first year, increasing to $3,750, $3,970, $4,190 and
$4410 per month for Years 2 through 5, respectively. The ground rent will then increase
annually by the CPI inflator.
BACKGROUND:
This Lease supersedes and replaces the lease between the County and EXS, Inc, dba
Caffino, dated May 24, 1994. This new Lease is for an eight (8) year term that expires in
APPROVE OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
Action of Board On: 09/28/2010 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
Federal D. Glover, District V
Supervisor
ABSENT:Susan A. Bonilla, District IV
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: September 28, 2010
David J. Twa, County Administrator and Clerk of the Board of Supervisors
By: EMY L. SHARP, Deputy
cc:
C.14
To:Board of Supervisors
From:Keith Freitas, Airports Director
Date:September 28, 2010
Contra
Costa
County
Subject:Approval of a Ground Lease with Caffino Express for the Premises located at 2301 Meridian Park
Boulevard, LLC
BACKGROUND: (CONT'D)
2017; representing a five year extension over the former lease term. The tenant has the
right to request two additional five-year extensions of the lease term, which the County
may deny in its sole discretion.
The Lease will permit a continuation of desired commercial gourmet coffee/espresso
services at the Buchanan Field Airport. This use is consistent with the policies identified
within the Buchanan Field Airport Master Plan. Further, the Lease will provide rental and
sales tax revenue to the Airport Enterprise Fund and County General Fund.
CONSEQUENCE OF NEGATIVE ACTION:
The County General Fund and the Airport Enterprise Fund would not realize additional
revenues.
CHILDREN'S IMPACT STATEMENT:
Not applicable
ATTACHMENTS
Caffino Lease