Public Hearing: YES ☐ NO ☒ Department: Airport
SUBJECT:
Title
Commission District(s): 1 and 6
Consent to Assignment to DeKalb County Contract No. 16-903064 by PDK, LLC to CDH Aviation, 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 Consent to Assignment to Contract No. 16-903064 by PDK, LLC to CDH Aviation, LLC, for Lease Agreement with PDK, LLC, for North Terminal Lease Area N4 (2007 Flightway Drive); and
To consider authorizing the Chief Executive Officer to execute the Consent to Assignment.
NEED/IMPACT:
The Lessee, PDK, LLC, desires to assign and transfer all of its rights, title, and interest in and to its Contract No. 16-903064 to CDH Aviation, LLC, for the Lease Agreement with PDK, LLC, for North Terminal Lease Area N4 (2007 Flightway Drive). CDH Aviation, LLC, desires to accept the assignment and transfer of the contract.
Approval of the Consent to Assignment will allow the County to maintain the revenue generating stability of the lease agreement. The Lessee’s financial obligations to the County will neither increase nor decrease.
The DeKalb Peachtree Airport Advisory Board at their meeting on March 10, 2025, unanimously approved the Consent to Assignment.
The County Attorney has reviewed the document and approved it 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...
Attachments: Consent to Assignment by PDK, LLC to CDH Aviation, LLC
DeKalb County Contract No. 16-903064