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AIRPORTS COMMITTEE

Meeting Date:	07/20/2016
Subject: TDMC Hangar Proposal to Withdraw Cancelation Notice of Lease and Assign Lease
Submitted For:	Keith Freitas
Department:	Airports
Referral No.:
Referral Name:
Presenter:		Contact:	Beth Lee, (925) 681-4200

Information

Referral History:

In December of 2015, TDMC gave their 12-month notice to terminate their lease. A few months later, TDMC requested to rescind their termination if they could assign their lease to another party. County staff has been exercising their due diligence by evaluating the desired assignee and also soliciting for competitive interest by notifying commercial tenants and publishing notice in a national aviation journal of the hangar availability. The solicitation process ended on May 31, 2016, and only one additional party indicated competitive interest in using the property.

There are two primary options: (1) allow for the termination to be rescinded and have the lease assigned as requested by the tenant; or (2) initiate a Request for Proposals to lease the property when it reverts to the County. County staff will review the information provided and, if deemed necessary, convene a working group to assist in the review to provide a recommendation to the Board of Supervisors for final approval.

Referral Update:

Not Applicable

Recommendation(s)/Next Step(s):

TDMC Hangar Proposal to Withdraw Cancelation Notice of Lease and Assign Lease (Review and Discuss)

This is a general discussion about the lease termination and potential lease assignment process.

Fiscal Impact (if any):

None

Attachments
No file(s) attached.