HomeMy WebLinkAboutMINUTES - 05211996 - C9 TO: BOARD OF SUPERVISORS �•q
FROM: J. MICHAEL WALFORD, PUBLIC WORKS DIRECTOR
DATE: MAY 21, 1996
SUBJECT: BUCHANAN FIELD AIRPORT - SOLANO WAY PARTNERSHIP - FIRST AMENDMENT
TO LEASE
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
I. Recommended Action:
APPROVE and AUTHORIZE the Public Works Director to EXECUTE, on behalf of the County, a
First Amendment to Lease with Solano Way Partnership, under the terms and conditions more
particularly set forth in said Lease Agreement.
II. Financial Impact:
Base Rent in the amount of$9,420.00 per month will be deposited in the Airport Enterprise Fund. The
Lease Amendment also provides for an increased percentage rent.
III. Reasons for Recommendations and Background:
The County's lease provides for a revaluation of rent at the end of the first ten (10) year period and each
five (5) year period thereafter. A base rent of$9,420.00 per month and an increased percentage rent has
been negotiated with the Lessee. Approval of the First Amendment to Lease provides for the payment
of this revalued rent.
IV. Consequences of Negative Action:
If this Amendment is not approved, it would cause a a-
AA
nue in the Airport Enterprise Fund
of approximately $11,280 annually.
Continued on Attachment: SIGNATURE:
_RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON 9 APPROVED AS RECOMMENDED _ OTHER
VOTE OF SUPERVISORS
UNANIMOUS(ABSENT )
AYES: NOES:
ABSENT: ABSTAIN:
I hereby certify that this is a true and correct copy of
an action taken and entered on the minutes of the
DRA:sh Board of Supervisors on the date shown.
c:bo21.t5 ATTESTED: ; /12(9
PHIL BATCHELVS,Clerk bf the Board
of Supervisors an73 County Administrator
Orig Div:Airports (Dick Awenius 6-5722)
cc: County Administrator By Deputy
Public Works Director
Public Works Accounting
Aviation Advisory Committee (via Airport)
Solano Way Partnership (via Airport)