HomeMy WebLinkAboutMINUTES - 03092004 - C.10 TO: BOARD OF SUPERVISORS Contra
FROM: MAURICE M. SHI U, PUBLIC WORKS DIRECTOR Costa
DATE: March 2, 2004 County
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SUBJECT: Approve and Authorize County's consent to leasehold encumbrance; Estoppel for Byron
Aviation Services Limited located at 7500 Falcon Way, at Byron Airport. Byron area.
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
I. Recommended Action:
APPROVE and AUTHORIZE the Public Works Director, or designee, to EXECUTE on behalf of the
County, an Estoppel Certificate and Consent to Leaschold Encumbrance; Estoppel between County, as
Landlord, Byron Aviation Services Limited Partnership, as 'Tenant, and Scott Valley Bank, as Tenant's
Lender, for leased premises, commonly known as 7500 Falcon Way, at the Byron Airport. Byron area.
(District III)
II. Financial Impact:
There will be no financial impact from this action. Any revenue received would be deposited to the Airport
Enterprise Fund.
9
Continued on Attachment:X SIGNATURE: '
RECOMMENDATION OF COUNTY ADMINISTRATOR
__RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURES :7
ACTION OF B
OON MARCH 09, 2004 APPROVED AS RECOMMENDED XX OTHER
7;�
VOTE OF SUPERVISORS I hereby certify that this is a true and correct copy of an action
XX UNANIMOUS(ABSENT I & IV ) taken and entered on the minutes of the Board of Supervisors on
AYES: NOES: the date shown.
ABSENT: ABSTAIN:
A'T'TESTED: MARCH 09, 2004
KF:KJ.df JOHN SWEETEN,Clerk of the Board of Supervisors and County
H:1My Documents\Word Files''SU�26041bo-3-2-04 taylor estoppel.doe Administrator
Uri.-.Div: Public Works(Airport)
Contact: (Keith Freitas 646-5722)
cc: County Adtninistrator
M.Shiu,Public Works Director
J.Bueren,Deputy Director Public Works By Deputy
Accounting
SUBJECT: Approve and Authorize County's Consent To Leasehold Encumbrance; Estoppel for
Byron Aviation Services Limited located at Byron Airport. Byron area.
DATE: March 2, 2004
PAGE: 2
III. Reasons for Recommendations and Background:
August 8, 1995 the County entered into a Lease Agreement with Byrom Aviation Services Limited,a Nevada
Limited Partnership, for the construction of twenty-two 50'x50° hangars at the Byron Airport. The Lease
provides that Byron Aviation. Services Limited the leasehold estate to no more than one leasehold
encumbrance, and that such leasehold encumbrance shall be subject to Airports prior written consent.
Byron Aviation Services now desires to refuiance their current loan. The new loan will replace the existing
loan so only one loan will exist on the leased premises at any one time.
Execution of the County's Consent to Leasehold Encumbrance;Estoppel allows the tenant to refinance the
improvements located at the Byron Airport.
IV. Consequences of Negative Action:
The County's Consent to Leasehold Encumbrance;Estoppel will not be executed,and the tenant will.not be
able to refinance the improvements he has developed.