RECOMMENDATION(S):
APPROVE and AUTHORIZE the Director of Airports, or designee, to execute hangar rental agreements for T-hangars at Buchanan Field Airport in the monthly amounts of $394.10 each. Hangar rental agreements are with Michael O’Brien effective October 16, 2015, and, Scott Achelis and Andrea Laird effective October 17, 2015.
FISCAL IMPACT:
The Airport Enterprise Fund will realize $4,729.20 annually per hangar for a total of $9,458.40 per year.
BACKGROUND:
On September 1, 1970, Buchanan Airport Hangar Company entered into a 30-year lease with Contra Costa County for the construction of seventy-five (75) hangars and eighteen (18) aircraft shelters at Buchanan Field Airport. Buchanan Airport Hangar Company was responsible for the maintenance and property management of the property during that 30-year period.
|