Title
Airport Office and Warehouse Lease
Action
Action:
A. Approve the lease agreement with Trego Dugan Aviation with a three-year term for offices and warehouse space at the airport, and
B. Authorize the City Manager to renew the lease for up to two, one-year extensions.
Body
Staff Resource(s):
Haley Gentry, Aviation
Ted Kaplan, Aviation
Explanation
§ Trego Dugan Aviation is a contracted cargo handling business that requires facilities to support its operation at the airport.
§ The lease with Trego Dugan Aviation is for 7,914 square feet of office and 27,280 square feet of cargo space located at 4100 Yorkmont Road.
§ The rent is $369,956 annually for the initial term.
Fiscal Note
Funding: Revenue to be deposited in Airport Operating fund.