Agenda Item Wording:
title
Introduction and first reading of Ordinance No. 2022-02, authorizing four (4) individual four (4) year leases for hangar space in the newly completed four (4) unit Corporate Hangar at the Visalia Municipal Airport to Robin Martella, Rick Bissat, Juan Rodriquez, and Joe Dawkins for the purposes aircraft storage, at the rate of Twenty-One Thousand Dollars ($21,000) annually each.
body
Deadline for Action: None
Submitting Department: Administration - Airport
Contact Name and Phone Number:
Jody Miller, Airport Manager, 713-4282, Jody.Miller@visalia.city
Nick Mascia, Assistant City Manager, 713-4323, Nick.Mascia@visalia.city
Department Recommendation:
Staff recommends that Council introduce Ordinance 2022-02 and authorize the City Manager to execute separate Hangar Lease Agreements with Mr. Martella, Mr. Bissat, Mr. Rodriguez, and Mr. Dawkins, with each prospective Lessee occupying one (1) of the four (4) new box hangars recently constructed at Visalia Municipal Airport. Each Lease would be for four (4) years with a mutual option at the completion of the initial term to extend for up to six (6) additional years at a new Lease rate reflecting fair market value at that time, with the total Lease term not to exceed ten (10) years, after which the prospective Tenants would hold no further first claim to rent the space. The Lease rate would be Twenty-One Thousand Dollars ($21,000) annually, to be paid in twelve (12) equal monthly installments of One Thousand Seven Hundred and Fifty Dollars ($1,750), further adjusted annually based on the California Consumer Price Index.
Background Discussion:
When construction began on the new four (4) unit Corporate Hangar at Visalia Municipal Airport, a waiting list for a unit in the Hangar became available to the public, Mr. Martella, Mr. Bissat, Mr. Rodriguez, and Mr. Dawkins are the first four (4) names on the waiting list and each has been offered and accepted the opportunity to lease a unit now...
Click here for full text