HomeMy WebLinkAboutMINUTES - 07131993 - 1.32 AGENDA DATE: 0 7 .13 ITEM N: 32L
ITEM CONSIDERED WITH
DELETED
LISTED IN ERROR
NO ACTION
BACKGROUND NOT AVAILABLE AT THE TIME AGENDA PACKET
COMPILED
INFORMATION FOR THIS ITEM PREVIOUSLY FURNISHED
ORAL REPORT TO BE GIVEN AT BOARD MEETING
ERROR IN NUMBERING AGENDA ITEMS
DOCUMENT ON FILE WITH CLERK
NO PREVIOUSLY REMOVED CONSENT ITEMS WERE CONSIDERED
TO: BOARD OF SUPERVISORS
FROM: J. MICHAEL WALFORD, PUBLIC WORKS DIRECTOR
DATE: JULY 13, 1993
SUBJECT: BUCHANAN FIELD AIRPORT - 77-111 JOHN GLENN DRIVE - TENTH AMEND-
MENT TO REVENUE LEASE AND CONSENT TO ASSIGNMENT OF LEASEHOLD
INTEREST PROVIDING FOR THE PAYMENT OF RENT ARREARAGES BY LESSEE
SPECIFIC REQUEST(S)OR RECOMMENDATION(S) &.BACKGROUND AND JUSTIFICATION
I. Recommended Action:
AUTHORIZE the Public Works Director to EXECUTE, on behalf of the County, a Tenth
Amendment to Revenue Lease and Consent to Assignment of Leasehold Interest (Amendment),
assigning the leasehold interest from L. Lee Kauftheil and Mary Lou Kauftheil, to Adson Mortgage
Company, under the terms and conditions more particularly set forth in said Amendment.
II.' Financial Impact:
The Amendment provides for the payment of $77,305.94 of rent arrearages ("Arrearages") owed
to the County, and freezes the accrual of late fees only on said Arrearages for the period of
June 1, 1993 to May 31, 1994.
III. Reasons for Recommendations and Background:
County's tenant to a ground lease is in default for non-payment of rent. The holder of a second
trust deed secured by the leasehold interest acquired title to the improvements to the premises
through foreclosure proceedings. Approval of this Amendment provides for the assignment of the
leasehold interest to the new title holder of the improvements, and freezes late fees on Arrearages
only, in exchange for payment of rent arrearages owed to the County.
------------
Continued on Attachment: No SIGNATU
------------------
_RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF B RD COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
"UNANIMOUS (ABSENT )
AYES: NOES:
ABSENT: ABSTAIN: I hereby certify that this is a true and correct Copy 01
an action taken and entered on the minutes of the
HEW:DRA: -Board of Supero on the date shown.
c:REASasgn.brd:kauf ATTESTED: � 13 199.3 .�
PHIL BATCHELOR.Clerk of the Board
Orig Div:Airports (Dick Awenius 6-5722) of Supervisors and County Administrator
cc: County Administrator
Public Works Director By ,. ,Deputy
Public Works Accounting
Auditor/Controller
Aviation Advisory Committee
Federal Aviation Administration
Garry Grover
Real Estate Asset Specialists, attn: Bob MacPhee