AGENDA CAPTION:
Title
Consider approval of Resolution 2018-207R, approving amendment number one to the Airport Facility Lease Agreement for commercial use of Airport Property located at 1813 Airport Drive with Coast Flight Training and Management, Inc.to provide the option to renew for five one year additional terms; authorizing the City Manager to execute the amendment; and declaring an effective date.
Body
Meeting date: November 7, 2018
Department: Airport
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Background Information:
On April 4, 2017, City Council approved a 19-month lease for a City-owned hangar for the storage of their aircraft during inclement weather and FAA-approved minor maintenance of owned aircraft. The term of the lease was chosen to coincide with the expiration of the ground lease for the classroom modular.
The original lease included one 5-year extension. Coast has requested the lease be amended to reflect five 1-year extension options to better coincide with the ground lease. The modification of the extension terms does not ...
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