HomeMy WebLinkAboutMINUTES - 12161997 - C15 'TO BOARD OF SUPERVISORS �•��
FROM: J. MICHAEL WALFORD, PUBLIC WORKS DIRECTOR
DATE: DECEMBER 16, 1997
SUBJECT: BUCHANAN FIELD AIRPORT - COUNTY'S CONSENT TO A LOANED EQUIPMENT
AGREEMENT BETWEEN LITHIA REAL ESTATE, INC. AND PENNZOIL PRODUCTS
COMPANY
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
I. Recomme ded Action:
APPROVE and AUTHORIZE the Public Works Director, or his designee, to CONSENT, on behalf of
the County, to a Loaned Equipment Agreement between Lithia Real Estate, Inc., and Pennzoil Products
Company,under the terms and conditions more particularly described in said Loaned Equipment Agreement.
II. Financial Impact:
There will be no financial impact from this action.
Continued on Attachment: X SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR
_RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER `
SIGNATURE (S):
ACTION OF BOARD ON 12- (Q- APPROVED AS RECOMMENDED OTHER —
VOCE OF SUPERVISORS
�( UNANIMOUS(ABSENT 1
AYES: NOES:
ABSENT: ABSTAIN:
JMW:DRA
Orig.Div: Public Works(Airports) I hereby CST*that this is a true and correct e 01 of
Contact: Dick R.Awenius(6-5722) ,n action taken and entered on the rn.nutes U18
cc: County Administrator tea[ $�y�BNtSo[8 On lQ shown.
d3t� I� J
Public Works Director �
Public Works Accounting A pHILBATCHELOR,Clark Oft board
Auditor/Controller d 9.0viors and county Administrator
Aviation Advisory Committee(via Airport)
Federal Aviation Administration(via Airport) r
Solan Way Partnership,Tenant(via Airport)
Lithia Real Estate,Inc,Subtenant(via Airport)
' SUBJECT: BUCHANAN FIELD AIRPORT- CONSENT TO LOANED EQUIPMENT AGREEMENT
DATE: DECEMBER 16, 1997
PAGE 2
III. Reasons for Recommendations and Background:
The County leases a portion of its land near the Buchanan Field Airport to the Solano Way Partnership
(Solano)for the operation of a new car dealership. Solano has subleased the premises to Lithia Real Estate,
Inc., (Lithia)with the County's consent. Lithia claims to own certain specific oil storage, dispensing, and
lubricating equipment on the premises. Lithia desires to sell that equipment to Pennzoil Products Company
(Pennzoil),and lease the equipment back from Pennzoil for a five-year term. The County owns reversionary
rights to the improvements and fixture equipment on the premises should the lease terminate or expire.
Lithia has requested the County's consent to the Loaned Equipment Agreement.
IV. Consequences of Negative Action:
County will not consent to Lithia's Loaned Equipment Agreement.