Public Hearing: YES ? NO ? Department: Airport
SUBJECT:
Title
Commission District(s): 1 & 6
Lease Agreement with Helicopters, Inc. There is No Cost to the County
Body
Information Contact: Mario Evans, Airport Director
Phone Number: 770.936.5440
PURPOSE:
To consider approval of new Lease Agreement with Helicopters, Inc. effective December 1, 2017 and to consider authorizing the Chief Executive Officer to execute the new Lease Agreement
NEED/IMPACT:
The new lease agreement was negotiated in accordance with the DeKalb County Code and is for a term of twenty years. The new agreement accomplishes the following in part:
(1) Updates and verifies the tract survey for 0.911 acre involved in the lease;
(2) Establishes monthly rental payments at $5,346.00 pursuant to a Fair Market Rent Analysis dated March 27, 2017, effective the date of the new agreement;
(3) Escalates the monthly rental payments every five (5) years commencing on December 1, 2022, by 10% or a percentage rate computed by using the Consumer Price Index (All Urban Consumers, South Region) data;
(4) Establishes the fuel flowage fee in the amount of $0.14 per gallon for fuel, oils and lubricants delivered to the leased property;
(5) Increases the fuel flowage fee every five years by one cent ($.01) per gallon or a percentage rate computed by using the Consumer Price Index (All Urban Consumers, South Region) data;
(6) Reverts ownership to DeKalb County any new facilities at the end of the Lease Agreement;
(7) Lessee is responsible for all maintenance, routine and/or emergency of all facilities;
(8) Lessee is responsible for all utility payments;
(9) Fully incorporates all existing airport security and access control measures for accessing the airside / ramp side of the property.
FISCAL IMPACT:
This is a revenue generating twenty-year Lease Agreement.
RECOMMENDATION:
Recommended Action
To approve the resolution and authorize the c...
Click here for full text