From
Elsa V Delgado
Title
Assignment and Assumption of Commercial Lease Agreement and Public Fueling Agreement and Obligation from Aviator Air, LLC - Chad Ferrell to Aviator Air Flight School, LLC - Brian Messersmith, effective January 15, 2019
Presenter
Mark J. Divita, Airport Director
Recommended Action
Approve
Analysis
On October 1, 2018 Aviator Air,LLC - Chad Ferrell renewed a Commercial Lease agreement with the City of Grand Prairie to operate a Fixed Based Operator (FBO) to sell fuel and operate a flight school. Effective January 15, 2019 Brian Messersmith purchased the business including the Commercial Lease Agreement and Public Fueling Agreement at the Grand Prairie Municipal Airport from Chad Ferrell.
Financial Consideration
Rental rates will remain the same under the assignment with the option for annual adjustments as stipulated in the lease agreement.