Public Hearing: YES ☐ NO ☒ Department: Airport
SUBJECT:
Title
Commission District(s): 1 and 6
Standardized T-Hangar Lease Agreement with Thomas G. Bailey. There is no cost to the County.
Body
Information Contact: Mario A. Evans, Airport Director
Phone Number: 770.936.5440
PURPOSE:
To consider approval of a standardized two-year T-Hangar Lease Agreement with Thomas G. Bailey, effective February 1, 2022; and
To consider authorizing the Chief Executive Officer to execute the Agreement.
NEED/IMPACT:
The initial term of this lease is for two years. The lease contains the provision of four (4) automatic two-year extensions. Each extension includes a rent increase of seven percent (7%) or an increase based on the consumer price index (CPI) whichever is greater.
For tenant to rent T-Hangar B-6 at the Airport.
Rental is comprised of the actual monthly rental fee for the leased premises ($401.25) which includes the Lessor’s provision of electricity.
Pending Governing Authority approval, the County Attorney will review document for approval as to form.
The original documents are in the Purchasing and Contracting Department. A master copy of this lease has been placed in the Commissioners’ library for reference.
On February 10, 1999, the Airport Advisory Board approved a Policy Letter whereby “standard office leases” defined as leases of office, shop and storage spaces will not be brought before the AAB.
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: Lease Agreement with Thomas G. Bailey - T-Hangar B-6