Public Hearing: YES ☐ NO ☒ Department: Airport
SUBJECT:
Title
Commission District(s): 1 and 6
Standardized T-Hangar Space Lease Agreement with Marc Wise. 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 a standardized two-year T-Hangar Lease Agreement with Marc Wise effective March 1st, 2024; 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 Space B-23 at the Airport.
Rental is comprised of the actual monthly rental fee for the leased premises ($523.00) 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 will be sent to the Purchasing and Contracting Department contingent upon approval by the Governing Authority. A master copy of this lease has been placed in the Commissioners’ library for reference
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...