RECOMMENDATION(S):
APPROVE and AUTHORIZE the Director of Airports, or designee, to execute, a settlement agreement with defendants FM Aviation Inc., dba Sterling Aviation, and its subtenants, substantially in the form attached, and execute and file any other documents, pleadings or agreements as may be needed to carry out the settlement agreement, to settle an unlawful detainer action filed as Case No. MS21-0026 in the Superior Court of California in connection with property located at Buchanan Field Airport at 145 and 161 John Glenn Drive.
FISCAL IMPACT:
There is no impact to the County General Fund. The settlement agreement will permit the Airport Enterprise Fund to continue to receive ground rent, a percentage of all gross receipts, and, if applicable, fuel flowage fees. In addition, the General Fund will continue to receive property, sales and possessory interest tax revenue from the lease.
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