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Chief Administrative Office, Airports Division, recommending the Board approve and authorize the Chair to sign County of El Dorado Airport Ground Lease Agreements for Portable Hangars located at the Placerville Airport, which require a rental fee to be paid at commencement of the Lease Agreement and annually thereafter, which are based on fees established by Board Resolution in effect at the time each lease payment is due, and provides upon Board execution for an initial lease term of ten years with two additional ten-year lease options, as follows:
1) Lease Agreement 2003, between the County and Lessee, John V. Montorello, for a Single “T” Hangar located on Space SP-12, representing use of 812 square feet of ground at the Placerville Airport, with a commencement rental fee due of $792 (Attachment B); and
2) Lease Agreement 2004, between the County and Lessee, Mark E. Coverdale, for a Twin “T” Hangar located on Space TP-06, representing use of 1,086 square feet of ground at the Placerville Airport, with a commencement rental fee due of $1,068 (Attachment D). (4/5 vote required)
FUNDING: Placerville Airport Enterprise Fund - Fee Revenue.
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DISCUSSION / BACKGROUND
Airport users with portable hangars must enter into a lease agreement with the County for the use of Airport property, in accordance with County Ordinance Code § 3.08.021. Each new ground lease agreement includes language required by the County and the Federal Aviation Administration.
These proposed lease agreements represent new ground leases upon which a privately-owned portable aircraft storage hangar will be utilized, and recognizes the change in ownership for the hangars occupying Placerville Airport Space SP-12 and Placerville Airport Space TP-06, John V. Montorello (Montorello Lease Agreement) and Mark E. Coverdale (Coverdale Lease Agreement), respectively.
The initial term of each lease agreement is ten years, with each Lessee given the right to extend the lease term for two additi...
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