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File #: 15-13194    Version: 1 Name:
Type: Consent Item Status: Agenda Ready
File created: 4/14/2020 In control: City Council Business Meeting
On agenda: 9/28/2020 Final action:
Title: 4710 Yorkmont Road Facility Lease
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideoAudio
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Title

4710 Yorkmont Road Facility Lease

 

Action

Action:             

A.                     Approve a three-year lease agreement with Sky Chefs, Inc. for a facility at Charlotte Douglas International Airport, and

 

B.                     Authorize the City Manager to approve up to two, one-year extensions consistent with the purpose for which the agreement was approved.

 

Body

Staff Resource:

Brent Cagle, Aviation

Haley Gentry, Aviation

 

Explanation

§                     The lease is for facility space for Sky Chefs, Inc.’s operations. The facility consists of 37,468 square feet and comprises 1.895 acres. 

§                     The annual rent is $414,100, and the three-year lease value is $1,242,300.

§                     Rents for the facility will be adjusted periodically per the terms and conditions of the lease to keep pace with market conditions.

§                     This activity is occurring on airport property located in Council District 3.

 

Fiscal Note

Funding:  Revenue from the lease will be deposited into Aviation’s Operating Budget.