Title
Piedmont Advantage Credit Union Lease
Action
Action:
Approve a month-to-month lease with Piedmont Advantage Credit Union for rental space in the Terminal.
Body
Staff Resource(s):
Brent Cagle, Aviation
Explanation
§ Piedmont Advantage Credit Union has occupied space in the main passenger terminal since 1994.
§ The documentation of the agreement needed to be updated to incorporate updated provisions and rental amount.
§ The annual rent of $39,557.76 is based on current rates and charges commensurate with comparable space users at the Airport.
Fiscal Note
Funding: Revenue generated from this lease will be deposited into the Aviation Operating Fund.