HomeMy WebLinkAboutMINUTES - 06262012 - C.20RECOMMENDATION(S):
APPROVE and AUTHORIZE the Director of Airports, or designee, to execute, on behalf of the County, a lease
amendment that permits the recording of a Memorandum of Lease related to a 2009 lease between the County, as
lessor, and Byron Jet Center LLC, as tenant, for property located at Byron Airport.
APPROVE and AUTHORIZE the Public Works Director, or designee, to execute, on behalf of the County, a
Memorandum of Lease between the County, as lessor, and Byron Jet Center LLC, as tenant, for the property known
as 760 Osprey Court, Byron, California.
FISCAL IMPACT:
If amended, the lease will permit the Airport Enterprise Fund to continue to receive ground rent, a percentage of all
gross receipts, and, if applicable, fuel flowage fees. In addition, the General Fund will continue to receive property,
sales and possessory interest tax revenue from the lease.
APPROVE OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
Action of Board On: 06/26/2012 APPROVED AS RECOMMENDED OTHER
Clerks Notes:
VOTE OF SUPERVISORS
AYE:John Gioia, District I Supervisor
Candace Andersen, District II
Supervisor
Mary N. Piepho, District III
Supervisor
Karen Mitchoff, 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: June 26, 2012
David Twa, County Administrator and Clerk of the Board of Supervisors
By: STACEY M. BOYD, Deputy
cc:
C. 20
To:Board of Supervisors
From:Keith Freitas, Airports Director
Date:June 26, 2012
Contra
Costa
County
Subject:Approve and Authorize First Amendment to Lease and Execute a Memorandum of Lease for Byron Jet Center LLC,
760 Osprey Court, at the Byron Airport
BACKGROUND:
On June 23, 2009, the Board authorized the County to enter into an Amended and Restated Lease with Byron Jet
Center LLC for the purpose of constructing and operating executive hangars at Byron Airport.
The Byron Jet Center project has been constructed and the lessee is in process of selling the hangar units as
contemplated in the lease. In order to sell the hangar units, the lenders are requiring that a Memorandum of Lease
be recorded for financing purposes. The Memorandum of Lease creates a public record of the existence of the
lease. The first amendment to the lease incorporates language into the lease that requires Byron Jet to release the
Memorandum of Lease upon the expiration or earlier termination of the lease.
CONSEQUENCE OF NEGATIVE ACTION:
The County will not execute the Memorandum of Lease and First Amendment to the Lease which will make it
difficult for the lessee to sell the hangar units.
CHILDREN'S IMPACT STATEMENT:
Not Applicable
ATTACHMENTS
BJC Lease Memorandum