Share to Facebook Share to Twitter Bookmark and Share
File #: Res. 2020-37R    Version: 1 Name:
Type: Resolution Status: Individual Consideration
File created: 2/11/2020 In control: City Council
On agenda: 3/3/2020 Final action:
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.
Attachments: 1. Resolution - Airport - McCoy Facility Lease.pdf, 2. FINAL McCoy Hangar Lease 1521 Airport Dr.pdf
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
No records to display.
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
Funds Required: Click or tap here to enter text.
Account Number: Click or tap here to enter text.
Funds Available: Click or tap here to enter text.
Account Name: Click or tap here to enter text.

Fiscal Note:
Prior Council Action: Click or tap here to enter text.

City Council Strategic Initiative: [Please select from the dropdown menu below]
Choose an item.
Choose an item.

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
? Environment & Resource Protection - Choose an item.
? Land Use - Choose an item.
? Neighborhoods & Housing - Choose an item.
? Parks, Public Spaces & Facilities - Choose an item.
? Transportation - Choose an item.
? Core Services
? Not Applicable

Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
Choose an item.


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 ...

Click here for full text