RECOMMENDATION(S):
APPROVE and AUTHORIZE the Director of Airports, or designee, to execute, on behalf of the County, a 15-year ground lease between the County, as Lessor, and Skyview Aviation, LLC, as Tenant, for the lease of an approximate 7,500 square foot County-owned aircraft maintenance hangar building located at 505 Eagle Court and about 0.02 acres adjacent to the hangar at the Byron Airport.
FISCAL IMPACT:
There is no impact on the General Fund. The Airport Enterprise Fund will receive lease and other revenue and the County General Fund will receive property, sales and possessory interest tax revenues from this development. The ground rent will begin at $1,296 per month (or $15,552 per year) and increase annually by the CPI inflator.
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