AGENDA CAPTION:
Title
Consider approval of Resolution 2026-104R, approving a First Amendment to Commercial Aviation Ground Lease with 2080 Airport Drive, LLC, a First Amendment to Airport Redevelopment Lease Agreement for Commercial Use with Sykes-Vaughan Investments, LLC, and an Assignment and Assumption of Ground Leases from 2080 Airport Drive, LLC to Berry Aviation, Inc.; authorizing the City Manager, or her designee, to execute said instruments on behalf of the city; and declaring an effective date.
Body
Meeting date: July 7, 2026
Department: Airport
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Background Information:
In 2024, Berry Aviation, Inc. exercised a purchase option related to the former Redbird Flight Simulations leasehold interest and improvements at 2080 Airport Drive. For purposes of that transaction, 2080 Airport Drive, LLC, an affiliate of Berry Aviation, Inc., was formed to acquire and hold the leasehold estate and related improvements. Follow...
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