Public Hearing: YES ☐ NO ☒ Department: Airport
SUBJECT:
Title
Commission District(s): 1 and 6
Ground Lease Estoppel Certificate under DeKalb County Contract No. 17-903095 with Plaza Fiesta Owner, LLC (formerly BJS Plaza Fiesta, LLC). There is no cost to the County.
Body
Information Contact: Hunter Hines, Interim Airport Director
Phone Number: 770.936.5440
PURPOSE:
To consider approval of Ground Lease Estoppel Certificate under DeKalb County Contract No. 17-903095 with Plaza Fiesta Owner, LLC (formerly BJS Plaza Fiesta, LLC); and
To consider authorizing the Chief Executive Officer to execute the Ground Lease Estoppel Certificate.
NEED/IMPACT:
Approval of the Ground Lease Estoppel Certificate will allow the County to maintain the revenue generating stability of the lease agreement. Lessee’s financial obligation to the County will neither increase nor decrease.
The Ground Lease Estoppel Certificate does not require briefing by the Airport Advisory Board.
The County Attorney has reviewed the document for approval as to form pending Governing Authority approval.
FISCAL IMPACT:
This is a revenue generating lease agreement. There is no cost to the County.
RECOMMENDATION:
Recommended Action
To approve the resolution and authorize the Chief Executive Officer to execute all necessary documents...
Attachment: Ground Lease Estoppel Certificate under Contract No. 17-903095