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File #: 15-18562    Version: 1 Name:
Type: Consent Item Status: Approved
File created: 8/5/2022 In control: City Council Business Meeting
On agenda: 3/13/2023 Final action: 3/13/2023
Title: American Airlines Leases


American Airlines Leases




Approve six leases each with a five-year term with American Airlines to accommodate office and warehouse needs.



Staff Resource(s):

Haley Gentry, Aviation

Ted Kaplan, Aviation



§                     American Airlines leases office and warehouse space at the Airport to support its airline operations.

§                     The American Airlines Lease locations and five-year Lease values include:

-                     4818 Express Drive total of 14,282 square feet. Five-year value $474,035

-                     4840 Express Drive total of 13,198 square feet. Five-year value $ 541,125

-                     4812 Express Drive total of 10,800 square feet. Five-year value $420,645

-                     4734 West Blvd. total of 28,675 square feet. Five-year value $732,865

-                     5800 Tunnel Rd. total of 17,983 square feet. Five-year value $534,117.50

-                     4831 Express Drive total of 23,250 square feet. Five-year value $1,779,375

§                     These facilities are currently leased by American Airlines.


Charlotte Business INClusion

This is a real estate leasing and acquisition contract and is exempt (Part A: Appendix 1.27 of the Charlotte Business INClusion Policy).


Fiscal Note

Funding:  Revenue to be deposited in Airport Operating fund.