Title
American Airlines Lease
Action
Action:
Approve a five-year lease with American Airlines for office space in the Old Terminal Building located at 4700 Yorkmont Road.
Body
Staff Resource(s):
Brent Cagle, Aviation
Haley Gentry, Aviation
Explanation
§ American Airlines will lease 18,870.2 square feet of office space in the Old Terminal Building at the Airport to support its airline operations (Council District 3).
§ Annual rent is $270,409.97 with a total five-year lease value of $1,352,049.83.
Fiscal Note
Funding: Aviation’s Operating Budget