AGENDA CAPTION:
Title
Consider approval of Resolution 2019-216R, establishing new monthly lease rates at the San Marcos Regional Airport by increasing the T-Hangar rental rate to $225, the T-Shelter rental rate to $100, and the Storage Facilities rental rate to $85 to be effective January 1, 2020; and declaring an effective date.
Body
Meeting date: November 6, 2019
Department: General Services / Airport
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Background Information:
This resolution will establish new monthly rates for City owned facilities at the airport. These rates were last increased in FY 2016. The proposed changes are necessary to comply with FAA grant assurances (maintain a fee and rental structure that makes the airport as financially self-sustaining as possible as the market allows).
Repairs and general maintenance to the facilities has been ongoing and additional repairs are planned for FY 2020. Lease rates will be reviewed annually. Gradual increases will be brought to Council as additional repairs are made and as the market justi...
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