Title
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. 487-L1411 for Hangar Space No. SP-10 (Single "T" Hangar, Land Lease) with Allan M. and Mary Jeanne Tice 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. (Cont. from 7/15, Item 50).
FUNDING: Georgetown Airport Enterprise Fund - Fee Revenue.
Body
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 ยง 3.08.021. The Agreement includes language required by the Federal Aviation Administration and the County, as approved by the Board on August 18, 2009. Additional information regarding lease development and rates is available in Attachment C.
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 Agreement for Portable Hangars (Lease) with the County of El Dorado for the hangar site." The proposed agreement is a new land lease with Allan M. and Mary Jeanne Tice, upon which a privately-owned portable aircraft storage hangar will be utilized.
In 2010, the Board of Supervisors set the rate for land leases of this size at $636.00 per year. The proposed lease provides for annual adjustment of this amount if the Board adopts different rates in the future. The Community Development Agency (CDA) business plan for Fiscal Year 2014-15 calls for a fee rate study, including those related to airport property.
Clerk of the Board Follow Up Actions
The Clerk of the Board will return one fully executed original of the Lease to the CDA, Administration and Finance Division, for transmittal to the Lessee.
Contact
Kate Sampson, Assistant Director
Administration and Finance Division
Community Development Agency
Concurrences
County Counsel
Risk Management