Public Hearing: YES ☐ NO ☒ Department: Airport
SUBJECT:
Title
Commission District(s): 1 and 6
Approve a Consent to Leasehold Mortgage and Security Agreement under DeKalb County Contract No. 500676 (formerly No. 79-1971) with Epps Air Service, LLC dba Aero Center Epps Atlanta (formerly Epps Air Service, Inc.)
Body
Information Contact: : Mario A. Evans, Airport Director
Phone Number: 770.936.5440
PURPOSE:
To consider approval of a Consent to Leasehold Mortgage and Security Agreement under Contract No. 500676 (formerly No. 79-1971) with Epps Air Service, LLC dba Aero Center Epps Atlanta (formerly Epps Air Service, Inc.); and
To consider authorizing the Chief Executive Officer to execute the Consent to Leasehold Mortgage and Security Agreement and any other necessary documents recommended by the County Attorney.
NEED/IMPACT:
Approval of the Consent to Leasehold Mortgage and Security Agreement will allow the Lessee and the County to maintain the revenue generating stability of the existing lease agreement. The Lessee’s financial obligation to the County will neither increase nor decrease.
The County Attorney has reviewed the document and has approved it as to form pending approval by the Governing Authority.
The Consent to Leasehold Mortgage and Security Agreement does not require briefing by the Airport Advisory Board.
FISCAL IMPACT:
This is a revenue generating lease agreement. There is no cost to the County.
RECOMMENDATION:
Recommended Action
To approve the Consent to Leasehold Mortgage and Security Agreement and authorize the chief executive officer to execute all necessary documents in a form acceptable to the County Attorney.