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Planning and Building Department, Airports Division, recommending the Board approve and authorize the Chair to sign County of El Dorado Airport Ground Lease 2048, between the County and Lessee, BDQ Properties, LLC, for a privately-owned hangar located on Space TP-24 at the Placerville Airport, representing use of 2,959 square feet plus 328 square feet for a storage shed which equals 3,287 square feet of Airport ground, with commencement rental fee due of $3,234.41 that requires a rental fee to be paid at commencement of the lease and paid annually thereafter, and upon Board execution, a lease term of ten years. (4/5 vote required)
FUNDING: Placerville Airport Enterprise Fund - Fee Revenue.
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DISCUSSION / BACKGROUND
Airport users with portable hangars must enter into a lease with the County for the use of Airport property, in accordance with County Ordinance Code ยง 3.08.021. Each new ground lease includes language required by the County and the Federal Aviation Administration.
The proposed lease represents a new ground lease, upon which a privately-owned portable aircraft storage hangar will be utilized, and recognizes a change in ownership for the hangar occupying Placerville Airport Space TP-24, new owner BDQ Properties, LLC. (BDQ Properties, LLC Lease).
A requirement of a new ground lease includes proof of insurance per County requirements. The Lessee provided a copy of insurance which has been reviewed and approved by the County's insurance tracking vendor, Ebix. A copy of the Ebix report is attached (Attachment C).
This lease includes a term effective upon Board execution and expiring ten (10) years thereafter. Upon expiration of the initial term, Lessee shall have 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. After expiration, the County may issue a written notice authorizing the Lessee to holdover as a holdover tenant with a month-...
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