Public Hearing: YES ? NO ? Department: Airport
SUBJECT:
Title
Commission District(s): 1 and 6
Lease Amendment No. 6 to Contract No. 06-800202 with Mercury Air Center - Peachtree-DeKalb, LLC d/b/a Atlantic Aviation. 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 Lease Amendment No. 6 to Contract No. 06-800202 with Mercury Air Center - Peachtree-DeKalb, LLC d/b/a Atlantic Aviation; and
To consider authorizing the Chief Executive Officer to execute the necessary documents.
NEED/IMPACT:
The County executed County Contract No. 06-800202 with Mercury Air Center - Peachtree-DeKalb, LLC d/b/a Atlantic Aviation on December 6, 2006. The lease contains five previous amendments. Lease Amendment No. 6 was negotiated in accordance with the DeKalb County Code.
Approving Lease Amendment No. 6 to County Contract No. 06-800202 will benefit the County and the Airport and inure to the public interest as follows:
1. Demolish existing aircraft storage hangars and one existing building and replace with the construction of three new hangars. Construction of new hangars will enable Lessee to attract additional users which will add revenue to the County via personal property tax.
2. Additional users will increase the amount of fuel and sales tax paid to the County.
3. Extends the lease term for an additional ten years from the current expiration date of December 31, 2057 to December 31, 2067.
4. Provides for capital improvements to the leased ground and improvements thereon in the amount of $21,000,000.00.
5. Updates and verifies the acreage and square footage involved in the lease.
The County Attorney has reviewed the document and approved it as to form pending Governing Authority approval.
The original documents will be forwarded to the Purchasing & Contracting Department pending Governing Authority ...
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