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File #: 2019-4256    Version: 1 Name:
Type: Resolution Status: Consent
File created: 9/4/2019 In control: Board of Commissioners
On agenda: 10/8/2019 Final action: 10/8/2019
Title: Commission District(s): Commission Districts 1 & 6 Termination of Standardized T-Hangar Shop Space Agreement with Max Cohen

                                    

Public Hearing:  YES      NO                                                   Department: Airport                                     

 

SUBJECT:

Title

Commission District(s):        Commission Districts 1 & 6 

Termination of Standardized T-Hangar Shop Space Agreement with Max Cohen

 

Body

 

Information Contact: Mario A. Evans

Phone Number: 770-936-5440

 

PURPOSE:

To consider approval of the termination of the Standardized T-Hangar Shop Space Lease Agreement, for Shop  Space T with Max Cohen, effective July 31, 2019; 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 July 1, 2019.

 

FISCAL IMPACT:

The Lease Agreement with Max Cohen is a ten-year revenue generating initiative from which substantial benefit will inure to the public.

 

RECOMMENDATION:

Recommended Action

To terminate the Standardized T-Hangar Shop Space Lease Agreement, for Shop Space T, with Max Cohen, July 31, 2019; and,To authorize the Chief Executive Officer to execute the Termination.