HomeMy WebLinkAboutMINUTES - 04211987 - 1.104 TOBOARD OF SUPERVISORS
FROM: Phil Batchelor, County Administrator Contra
Costa
DATE: March 26, 1987 Cuiv
SUBJECT: Consent to Mortgage of Leasehold Interest - Buchanan Field
Airport (WAM101)
SPECIFIC REQUESTS) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
I. Recommended Action: AUTHORIZE the Chair of the Board of
Supervisors to EXECUTE, on behalf of the County, a Lessor
Consent to Mortgage of Leasehold Interest by L. Lee Kauftheil
and Mary Lou Kauftheil, husband and wife, for the leased
premises at Buchanan Field Airport, under the terms and
conditions more particularly set forth in the Lease between
the Kauftheils and County, dated October 6, 1964.
II. Financial Impact: There is no immediate financial impact to
the County as a result of the Lessor Consent to Mortgage of
Leasehold Interest. The long-term financial impact is to
improve the revenue cash flow from the Leasehold income to the
Airport Enterprise Fund.
III. Reasons for Recommendations/Background: Embarcadero Mortgage
has requested the County Consent to the Mortgage of the
Leasehold interest as provided for in the Lease.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE S :
ACTION OF BOARD ON APR 21 lgffl� APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
,� 1 HEREBY CERTIFY THAT THIS IS A TRUE
(l UNANIMOUS (ABSENT AND CORRECT COPY OF AN ACTION TAKEN
AYES: NOES: AND ENTERED ON THE MINUTES OF THE BOARD
ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE SHOWN..
CC: County Administrator ATTESTED APR 211987
Lessee (via Airport Manager) PHIL BATCHELOR, CLERK OF THE BOARD OF
SUPERVISORS AND COUNTY ADMINISTRATOR
M382/7-83 BY ,DEPUTY
Orig: General Services-L/M LeeKaB03. 26A
Airport Manager (via L/M) JB:dD