RECOMMENDATION(S):
APPROVE and AUTHORIZE the Director of Airports, or designee, to EXECUTE, on behalf of the County, a fifth amendment to the lease between the County, as landlord, and Concord Services, Inc. (Concord Jet), as tenant.
FISCAL IMPACT:
There is no negative impact on the General Fund. The Airport Enterprise Fund will receive lease revenues and the County General Fund will continue to receive property, sales and possessory interest tax revenues from this business. The fifth amendment formalizes a fuel flowage fee agreement between the County and Concord Jet.
BACKGROUND:
Since 1999, Concord Jet has operated as a Fixed Based Operator (FBO) at Buchanan Field Airport under a lease it assumed from a previous tenant. The property subject to this lease is located at 500 Sally Ride Drive.
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