Title
Jetstream Ground Services Lease
Action
Action:
A. Approve a three-year lease with Jetstream Ground Services for office and cargo space located on Yorkmont Road, and
B. Authorize the City Manager to extend the lease for two, one-year extensions, consistent with the purpose for which the lease was approved.
Body
Staff Resource(s):
Brent Cagle, Aviation
Haley Gentry, Aviation
Explanation
§ The Airport contracts with various tenants for space at the Airport.
§ Jetstream performs ground handling services for various airlines including, but not limited to, interior servicing of aircraft for American Airlines.
§ The total minimum annual estimated value of the lease is $544,650 with annual base rent adjustments over the three-year term.
§ This activity is occurring on airport property, which is in Council District 3.