Substitute
Public Hearing: YES ☐ NO ☒ Department: Airport
SUBJECT:
Title
Commission District(s): 1 and 6
Standardized T-Hangar Lease Agreement with Murray Forbes. 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 standardized two-year T-Hangar Lease Agreement with Murray Forbes, effective June 1, 2022; and
To consider authorizing the Chief Executive Officer to execute the Agreement.
NEED/IMPACT:
The initial term of this lease is for two years. The lease contains the provision of four (4) automatic two-year extensions. Each extension includes a rent increase of seven percent (7%) or an increase based on the consumer price index (CPI) whichever is greater.
For tenant to rent T-Hangar C-15 at the Airport.
Rental is comprised of the actual monthly rental fee for the leased premises ($418.00) which includes the Lessor’s provision of electricity.
Pending Governing Authority approval, the County Attorney will review document for approval as to form.
A master copy of this lease has been placed in the Commissioners’ library for reference.
FISCAL IMPACT:
This is a revenue generating lease agreement. There is no cost to the County.
RECOMMENDATION:
Recommended Action
To approve the resolution and authorize the chief executive officer to execute all necessary documents....
Attachment: Lease Agreement with Murray Forbes - T-Hangar C-15