Title
Airport Cargo Warehouse Lease Amendment
Action
Action:
Approve a seven month lease extension with DHL Express (USA), Inc. for its current cargo building located at 4200 Yorkmont Road.
Body
Staff Resource(s):
Brent Cagle, Aviation
Explanation
§ On June 13, 2005, the City Council approved a 10-year Lease with DHL Express (USA), Inc.
§ The amendment extends DHL’s lease for seven months to accommodate the company’s operational need.
§ The total estimated value of the amendment for the seven-month term is $297,811.43.
Fiscal Note
Funding: Revenue generated from this lease will be deposited in the Aviation Operating Fund.