Title
Airport Property Lease with Xtreme Aviation
Action
Action:
Approve a five-year lease agreement with Xtreme Aviation, LLC for warehouse and office space at the Airport.
Body
Staff Resource(s):
Haley Gentry, Aviation
Ted Kaplan, Aviation
Explanation
§ Xtreme Aviation, LLC will lease the property at 4728 West Blvd., Ste. C, which contains 1,218 square feet.
§ Xtreme Aviation, LLC is a company that provides aircraft maintenance services and will be the maintenance provider for Spirit Airlines at Charlotte Douglas International Airport.
§ The agreement will be a five-year lease beginning July 5, 2024, and ending July 4, 2029.
§ Rent is $1,700 per month for the first year with three percent increases each year.
Fiscal Note
Funding: Revenue from the lease will be deposited in the Aviation Operating Fund.