Title
LGSTX Services, Inc. Cargo Hangar Lease
Action
Action:
A. Approve a one-year lease with LGSTX Services Inc. for cargo hangar space, and
B. Authorize the City Manager to approve three additional, one-year terms consistent with the City’s business needs for which the lease was approved.
Body
Staff Resource(s):
Brent Cagle, Aviation
Haley Gentry, Aviation
Explanation
§ LGSTX Services, Inc. (LGSTX) has over 31 years of aviation experience providing cargo and logistical services for airlines.
§ The lease with LGSTX is for a cargo facility located within the Charlotte Air Cargo Center.
§ The annual rent is $161,233.40.