Title
Menzies Aviation Office and Cargo Facility Lease
Action
Action:
A. Approve a five-year lease with Aviation Services International, Inc. dba Menzies Aviation (USA) Inc. for office space, and
B. Approve a five-year lease with Aviation Services International, Inc. dba Menzies Aviation (USA) for cargo space.
Body
Staff Resource(s):
Brent Cagle, Aviation
Haley Gentry, Aviation
Explanation
§ The Airport contracts with various tenants for space at the Airport.
§ Menzies Aviation (USA) Inc., formerly Airport Services International, Inc., requires cargo and office space at the Airport because it provides Aircraft fueling services to various Airport tenants.
§ The annual revenue to the Airport is as follows:
- Office space is $84,312.16 with annual base rent adjustments, for a total minimum value of $421,560.79 over the five-year term.
- Cargo space is $17,897.50 with annual base rent adjustments, for a total minimum value of $89,487.50 over the five-year term.