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Transportation Department recommending the Board consider the following:
1) Authorize the Chair to terminate the Ground Leases with James M. Smith 128-L0611, Mike Starkey 127-L0611, Steve DeHaas and Ray Little 375-L0711, Stephens Family Trust Dated August 11,1992 231-L0611, James F. Riordan 229-L0611, Shultz Family Trust Mitchell B. Shultz, Trustee lease dated 12-20-99, Tom Halsey 376-L0711, at the Placerville Airport and Rodger Musso 582-L0511 at the Georgetown Airport; and
2) Authorize the Chair to sign the 10 year Ground Lease for Portable Hangars with Ricky J. Branaugh 10-52936, Corydon Edgecomb 10-52937, Steven DeHaas 10-52938, Jeff Jacques 10-52939, Greg McEwen and Ken Crawford 10-52940, Brandley Reinke 10-52941, Kelly Van Slate 10-52949 at the Placerville Airport and Gary Vorderbruggen 10-52942 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 $5,400.00 from the leases listed as set by Resolution 232-2004. There is no net cost to the County General Fund associated with this agenda item.
Background:
The leases DOT is requesting to be terminated are with former tenants who have sold their interests in their hangars to new owners. The new tenants who have purchased those hangars would normally have been assigned to the previous tenant's lease. The Airports have requested the new tenants enter into a new Ground Lease. This enables the Airports to update the contractual language now required by the Federal Aviation Administration and El Dorado County. All of the current Ground Leases will be replaced with a 10 year Ground Lease Agreement containing the new language which was approved by the Airport Committee and your Board on August 18, 2009.
It was necessary for Airports to hold off on submitting the new leases to th...
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