Title
Transportation Department recommending Chairman be authorized to sign the Consent of Lessor related to the Assignment and Amendment of Airport Land Use Lease 581-L0511 with Leonard F. or Peggy F. Brewer Trust, and Richard K. Stewart, for Hangar Space SP-06 at the Georgetown Airport.
RECOMMENDED ACTION: Approve.
FUNDING: Georgetown Airport Enterprise Fund - Fee Revenue
Body
BUDGET SUMMARY:
Total Estimated Cost $0
Funding
Budgeted $0
New Funding $
Savings $
Other $
Total Funding Available $
Change To Net County Cost $0
Fiscal Impact/Change to Net County Cost: None
The County will continue to receive annual lease revenue in the amount of $580.00 for a Single Tee Hangar pursuant to Resolution 232-2004. There is no cost to the County General Fund associated with this agenda item.
Background:
The County entered into a Land Use Lease for Hangar Space SP-06 with Leonard F. or Peggy F. Brewer Trust, commencing on July 1, 1990 and lessor has exercised their options as per their agreement and entered into a subsequent agreement to assign the land use to a third party (# 581-L0511) commenced on January 1, 2006, related to property at the Georgetown Airport, and is current with annual rent.
Reason for Recommendation:
The Leonard F. or Peggy F. Brewer Trust desires to assign the Lease to Richard K. Stewart of 4180 Mont Eaton Mine Road, P.O. Box 1587, Georgetown, CA 95634 upon approval by your Board as provided in said Lease. The Department of Transportation has no objection to this assignment.
Action to be taken following Board approval:
1. The Chairman to sign, in duplicate, the Consent of Lessor related to the Assignment and Amendment of Airport Land Use Lease # 581-L0511.
2. Clerk of the Board to enter the date of the signature of the Chairman from the Consent of Lessor form on the Assignment and Amendment of Airport Land Use Lease # 581-L0511.
3. Clerk of the Board to return...
Click here for full text