There is no negative impact on the General Fund. The Airport Enterprise Fund could realize lease and other revenues. The County General Fund could realize sales tax and other revenues if a lease is successfully negotiated.
On January 14, 2021, the Board authorized the Director of Airports, or designee, to negotiate a long-term ground lease and development terms for this 0.86-acre site. The property is located on the northwest side of Buchanan Field Airport on Sally Ride Drive. The proposal from Mark Scott Construction, Inc. was the only offer the County received following a solicitation for competitive interest in the site.
On March 10, 2020, the Board authorized the Director of Airports, or designee, to negotiate a long-term ground lease and development terms for this 11-acre site. The property is located on the northeast side of Buchanan Field Airport on Marsh Drive immediately west of the Walnut Creek channel. The proposal from Mark Scott Construction, Inc. was the only offer the County received following a solicitation for competitive interest in the site.
Mark Scott Construction, Inc. desires to lease the sites and develop them for aviation purposes and has formed a limited liability company called Urban Air Mobility, LLC for this purpose. By entering into exclusive negotiation agreements with Urban Air Mobility, they can actively market the properties to identify a tenant or tenants. Further, it will enable the County and Urban Air Mobility to feel confident in proceeding with the CEQA process, as mandated by State law.
Development of these vacant parcels would expand economic development activity at the Buchanan Field Airport and lead to increased revenues to the Airport Enterprise Fund and added local jobs.
A delay in entering into exclusive negotiating agreements for either of these sites will delay their development, which could impact the Airport Enterprise Fund and County General Fund.