Title
Airport Office Space Lease to Frontier Airlines
Action
Action:
Approve a 2.5 year lease with Frontier Airlines for office space in the terminal of Charlotte Douglas International Airport.
Body
Staff Resource(s):
Brent Cagle, Aviation
Haley Gentry, Aviation
Explanation
§ Aviation makes office space available to lease to airline tenants.
§ This lease would provide 209 square feet of office space in the terminal to Frontier Airlines to support its airline operations.
§ Annual rent based on the terminal rental rate is $9,555.64, with the total 2.5-year lease value of $23,889.06.
§ This activity is occurring on airport property, Council District 3.
Fiscal Note
Funding: Revenue from the lease agreement will be deposited within Aviation’s operating budget