From
Elsa Delgado
Title
Renewal of Commercial Lease for J&G Aviation, LLC., for Suite 102 in the Terminal Building for a period of three (3) years beginning March 1, 2020 and ending February 28, 2023, for total minimum annual rent of $2,540.04
Presenter
Mark J. Divita, C.M., Airport Director
Recommended Action
Approve
Analysis
J&G Aviation, LLC. has been a long time tenant of the airport in good standing. It currently leases hangar 9N-C, which lease was approved by City Council on November 20, 2018. J&G Aviation is seeking to renew Commercial Lease for Suite 102 inside the Airport Terminal. This agreement shall be for a period of three (3) years beginning March 1, 2020 and ending February 28, 2023. The purpose for leasing the additional space is for use as the administrative headquarters of J&G Aviation. The maintenance and operations functions will remain in hangar 9N-C.
Financial Consideration
The rental amount for the lease will be $211.67 per month ($2,540.04 annually). The lessee may also elect to advertise on the electronic message board for a fee of $55.00 per month.