SUBSTITUTE
Public Hearing: YES ☐ NO ☒ Department: Airport
SUBJECT:
Title
Commission District(s): 1 and 6
Collateral Assignment of Rights Under Lease and Operating Agreement Under DeKalb County Contract No.
15-801194 with Peachtree Aviation, Inc. 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 a Collateral Assignment of Rights Under Lease and Operating Agreement under
Contract No. 15-801194 with Peachtree Aviation, Inc.; and To consider authorizing the Chief Executive Officer to execute the Collateral Assignment of Rights Under Lease and Operating Agreement and any other necessary documents recommended by the County Attorney.
NEED/IMPACT:
Approval of the Collateral Assignment of Rights Under Lease and Operating 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 Collateral Assignment of Rights Under Lease and Operating 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 resolution and authorize the chief executive officer to execute all necessary documents. Attachment: Collateral Assignment of Rights Under Lease and Operating Agreement