Title
Airport Warehouse Lease Amendment
Action
Action:
Approve a two-year lease amendment with Direct Link Logistics, Inc. for warehouse space in the amount of $364,159.92.
Body
Staff Resource(s):
Brent Cagle, Aviation
Explanation
§ On December 8, 2014, the City Council approved a one-year lease with Direct Link Logistics, Inc. for a 20,340 square foot warehouse on West Boulevard.
§ On September 28, 2015, the City Council approved a one-year amendment with Direct Link Logistics extending the lease until December 31, 2016.
§ Direct Link Logistics, Inc. has requested to extend the term of the lease by two years, expiring on December 31, 2019.
§ The value of this lease amendment is $364,159.92.
Fiscal Note
Funding: Revenue from this lease will be deposited in the Aviation Operating Fund.