25-1024
Consider approving the form of the proposed Airport Ground Lease Agreement for private hangars to be executed with 20 separate tenants, covering 35 existing hangars at the Nut Tree Airport, with a 10-year initial term commencing January 1, 2026, one successive 10-year extension option, and an initial rent of $1.02 per square foot per year with 3% annual increases; Authorize the Airport Manager, with concurrence of the County Administrator and County Counsel, to finalize lease negotiations with the tenants, including revisions deemed necessary and appropriate by County Counsel; Authorize the Airport Manager to execute all Ground Lease Agreements and any subsequent modifications or amendments, with County Counsel concurrence; and Authorize the Airport Manager to take all actions necessary to administer and implement the lease agreements
- Committee
- General Services
- Requested by
- General Services
- Introduced
- December 1, 2025
- On agenda
- December 9, 2025
- Passed
- December 9, 2025