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Transportation Department recommending the Board approve and authorize the Chair to sign the 10 year Ground Lease for Portable Hangars with Ricky J. Branaugh and Daniel O'Leary 10-52932 at the Placerville Airport, Robert Bruce 10-52933, Stephen G. Cimmarusti 10-52934, and Edward Warnock 10-52935 at the Georgetown Airport. (4/5 vote required per County Ordinance 3.08.021)
FUNDING: Placerville and Georgetown Airports Enterprise Fund - Fee Revenue.
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Fiscal Impact/Change to Net County Cost: None
The County will continue to receive annual revenue in the total amount of $2,340.00 from these leases as set by Resolution 232-2004. There is no net cost to the County General Fund associated with this agenda item.
Background:
The former leases with the aforementioned parties/tenants have all expired. All of the tenants have continued to pay the annual amounts and are current on their liability insurance. The leases will be replaced with new 10 year Ground Leases. This will enable Airports to update the contractual language now being required by the Federal Aviation Administration and El Dorado County. The new Ground Lease Agreement with the required new language was approved by the Airport Advisory Committee and the Board on August 18, 2009.
Since the transition of the Airports from General Services to DOT, the Airports had been working with the Airport Advisory Committee and County Counsel to create a new Ground Lease form. The negotiations were lengthy but necessary to create a lease that can be used for years to come. It was felt that even though leases had expired, it was necessary to wait until an updated lease was put into place before renewing those leases. The Airports have had to wait before submitting the new signed leases to the Board until all of the annual insurance certificates for calendar year 2010 had been obtained. The Department has now obtained all of the necessary insurance certificates and are presenting the leases in a pac...
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