AGENDA CAPTION:
Title
Consider approval of Resolution 2020-37R, approving an Airport Facility Lease Agreement for Non-Commercial Use with McCoy Corporation for property located at 1521 Airport Drive at the San Marcos Regional Airport for an initial term of ten years with options to renew totaling thirty years; authority the City Manager or his designee to execute the Lease Agreement; and declaring an effective date.
Body
Meeting date: March 3, 2020
Department: General Services/Airport - Texas Aviation Partners, LLC
Amount & Source of Funding
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Fiscal Note:
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City Council Strategic Initiative: [Please select from the dropdown menu below]
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Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
? Economic Development - Promote & Support Potential of San Marcos Regional Airport
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Background Information:
In 2016, Council approved an FAA grant for hangar construction through the Texas Department of Transportation Aviation Division. Construction began in August 2019 and is scheduled for completion in March 2020. The total project cost is $881,667 with the City's match consisting of $214,036.
In October 2016, airport management sent a newsletter to all airport users to determine if any existing tenants would be interested in expanding or relocating their business to the ...
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