Public Hearing: YES ☐ NO ☒ Department: Airport
SUBJECT:
Title
Commission District(s): Commission Districts 1 & 6
Termination of Standardized T-Hangar Shop Space Lease Agreement with James Frank
Body
Information Contact: Mario A. Evans
Phone Number: 770-936-5440
PURPOSE:
To consider approval of the termination of the Standardized Hangar Shop Space Lease Agreement, for T-Hangar Shop Space F with James Frank, effective April 30, 2020; and,
To consider authorizing the Chief Executive Officer to execute the Termination.
NEED/IMPACT:
In compliance with the current T-Hangar Lease Agreement, Section 7, Termination, wherein “The Lessee may request to terminate this Lease Agreement by delivering to the Airport Director, as set forth in Section 3, in writing, a Request for Lease Agreement Termination, with at least thirty (30) day notice…”, the Lessee has furnished the Airport letter of termination dated April 5, 2020.Note the cost of the item(s) - if any; also note the fiscal year budget impact to include funding source.
RECOMMENDATION:
Recommended Action
To terminate the Standardized T-Hangar Shop Space Lease Agreement, for T-Hangar Shop Space F, with James Frank, April 5, 2020; and To authorize the Chief Executive Officer to execute for Termination.