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.