Title
Airport Facility Lease - 4818 Express Drive, Suite C
Action
Action:
A. Approve a one-year lease agreement with Ground Services International Inc. dba DNATA for an office and warehouse facility located at 4818 Express Drive, Suite C, and
B. Authorize the City Manager to amend and extend the lease for up to four, one-year terms consistent with the purpose for which the lease was approved.
Body
Staff Resource(s):
Haley Gentry, Aviation
Ted Kaplan, Aviation
Explanation
§ Ground Services International Inc. dba DNATA is the current tenant of the office and warehouse facility located at 4818 Express Drive, Suite C and wishes to extend its lease following the expiration of its term.
§ The leased area consists of 2,017 square feet of office space and 7,284 square feet of warehouse space within a multi-tenant, airfield-accessible cargo facility.
§ Terms of the lease include:
- Annual rent of $70,972.07, and
- Rent escalations of three percent per year.
Fiscal Note
Funding: Revenues from this lease will be deposited into the Aviation Operating Budget.