AGENDA CAPTION:
Title
Consider approval of Resolution 2024-168R, approving an Assignment of a ground lease hangar located at 1993 Airport Drive, from Redbird Flight Simulations, Inc., to Skyport Legacy Hangars, LLC; and declaring an effective date.
Body
Meeting date: September 3, 2024
Department: Airport
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☒ Economic Development - Promote & Support Potential of San Marcos Regional Airport
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Background Information:
On April 15, 2024, Redbird Flight Simulations, Inc. purchased a ground lease hangar located at 1993 Airport Drive.
Redbird Flight Simulations, Inc. desires to assign the ground lease to Skyport Legacy Hangars, LLC.
There are no other proposed changes to the Lease.
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Alternatives:
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Recommendation:
Airport Management and City Staff recommend approval of the assignment.