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Community Development Agency, Administration and Finance Division, recommending the Board approve and authorize the Chair to sign the County of El Dorado Airport Ground Lease for Portable Hangars No. 166-L1511 for Hangar Space No. SP-3 (Single “T” Hangar, Land Lease) with Roger W. Mostar in an amount of $636 per year as established by Resolution 097-2010, for 10 years with two additional 10-year lease options, located at the Georgetown Airport. (4/5 vote required)
FUNDING: Georgetown Airport Enterprise Fund - Fee Revenue.
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Fiscal Impact/Change to Net County Cost
The Georgetown Airport Enterprise Fund will receive revenue of $636.00 per year for a "T" shaped hangar at the Georgetown Airport. The lease rate per unit is set by Resolution 097-2010. Should the Board adjust rates in the future, annual lease payments will also adjust, commensurate with Board direction.
Background
Airport users with portable hangars must enter into a lease agreement with the County for the use of Airport property in accordance with Ordinance Code § 3.08.021. The lease agreement includes language required by the Federal Aviation Administration and the County, as approved by the Board on August 18, 2009.
In accordance with the County’s Ordinance Code Title 18, Airports, Chapter 18.04, Section 18.04.100, Fees and Charges, fees for airport ground leases are set by a Board-adopted Resolution; therefore, lease fees are not negotiated. The last airport fee adjustment was approved by the Board of Supervisors on June 29, 2010 as Resolution 097-2010 (Legistar File No. 10-0378). These fees were derived using the Consumer Price Index (CPI) and a comparative market value inquiry to other similarly-sized airports.
Reason for Recommendation
Board of Supervisors Policy F-5 states: "The word 'hangar' in the four categories refers to a privately-owned portable aircraft storage hangar constructed by a Lessee. That Lessee has entered into or holds an interest in an Airport Land Use Ag...
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