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HomeMy WebLinkAboutMINUTES - 05222012 - C.15RECOMMENDATION(S): APPROVE and AUTHORIZE the Director of Airports, or designee, to execute, on behalf of the County, a lease amendment modifying the lease between the County, as Lessor, and Buchanan Airport Hangar Owners Association Inc., as Tenant, that relates to the lease of approximately 3.3 acres located north of the Airport Offices. Pacheco Area FISCAL IMPACT: There is no negative impact on the General Fund. The lease amendment provides a $441.61 rent credit for 36 months (for a total of $15,900) to compensate the tenant for the Airport’s use of the tenant’s power supply for the term of the lease. The ground rent will continue to be increased annually by the CPI inflator. BACKGROUND: On December 16, 2008, the Board approved execution of a lease between the County and Buchanan Airport Hangar Owners Association, Inc. (BAHOA), for the lease of approximately 3.3 acres of land on the northwest side of Buchanan Field Airport. BAHOA operates aircraft storage hangars on the property. The parties APPROVE OTHER RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE Action of Board On: 05/22/2012 APPROVED AS RECOMMENDED OTHER Clerks Notes: VOTE OF SUPERVISORS AYE:John Gioia, District I Supervisor Mary N. Piepho, District III Supervisor Karen Mitchoff, District IV Supervisor Federal D. Glover, District V Supervisor ABSENT:Gayle B. Uilkema, District II 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: May 22, 2012 David Twa, County Administrator and Clerk of the Board of Supervisors By: STACEY M. BOYD, Deputy cc: C.15 To:Board of Supervisors From:Keith Freitas, Airports Director Date:May 22, 2012 Contra Costa County Subject:Approve and Authorize First Amendment to Lease with Buchanan Airport Hangar Owners Association, Inc. at Buchanan Field Airport. BACKGROUND: (CONT'D) recently determined that the west access gate of Buchanan Field Airport and a nearby pole light are owned by the County and are connected to BAHOA’s power supply. Since it is difficult and impractical to determine the exact cost to the tenant of providing power to the County’s access gate and light, the parties have agreed that the value of the power supplied by the tenant is $15,900 for the entire term of the Lease. In order to compensate BAHOA for supplying the power to the County’s access gate and light during the term of the lease, the lease is being amended to create a monthly rent credit equal to $441.67 per month for 36 months. The total amount of the credit is approximately equal to the $15,900 estimated value of the power. The CPI adjustment will continue to be applied to the actual rent in effect, including the actual rent in effect during the monthly rent credit period. This solution is consistent with the policies identified in the Buchanan Field Airport Master Plan and has been determined to be in compliance with the General Plan. CONSEQUENCE OF NEGATIVE ACTION: Not granting the modified terms could result in the County having to use funds from the Airport Enterprise Fund to install a separate power meter and rewire the access gate and light to avoid using power supplied by BAHOA. The cost of re-wiring could be much higher than $15,900. CHILDREN'S IMPACT STATEMENT: Not Applicable ATTACHMENTS 1st Amendment to BAHOA Lease