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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 264-L1611 for Hangar Space H-05 (Rectangular Hangar, Land Lease) with Douglas J. Spencer and Gloria Jean Spencer, Co-Trustees of the Douglas and Gloria Living Trust in an amount of $1,108 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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DEPARTMENT RECOMMENDATION
Community Development Agency, Administration and Finance Division (CDA), recommending the Board approve and authorize the Chair to sign the County of El Dorado Airport Ground Lease for Portable Hangars #264-L1611 for Hangar Space No. H-05 (Rectangular Hangar, Land Lease) with Douglas J. Spencer and Gloria Jean Spencer, Co-Trustees of the Douglas and Gloria Living Trust (Lessee) in an amount of $1,108.80 per year as established by Resolution 097-2010, for 10 years with two additional 10-year lease options, located at the Georgetown Airport.
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 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. The initial term of the lease is ten (10) years; the Lessee has the right to extend the term for an additional two (2) ten (10)-year lease options under such terms and conditions as may be agreed upon at such time.
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 a...
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