LEGISLATIVE ACTION ITEM
SPONSOR: Ashton J. Hayward, III, Mayor
SUBJECT:
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AIRPORT - APPROVAL OF AMENDMENT NO. 4 TO THE LEASE AND OPERATING AGREEMENT WITH ECKO AIR LLC
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RECOMMENDATION:
recommendation
That City Council authorize the Mayor to execute Amendment No. 4 to the Lease and Operating Agreement between the City of Pensacola and ECKO Air LLC at the Pensacola International Airport. Further that City Council authorize the Mayor to take all necessary actions to execute Amendment No. 4.
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HEARING REQUIRED: No Hearing Required
SUMMARY:
The City of Pensacola and ECKO Air LLC entered into a Lease and Operating Agreement dated August 18, 2004. Under the Agreement, ECKO Air leased certain property at the Pensacola International Airport on which they developed a hangar and office complex to provide commercial aeronautical services to the public.
ECKO Air is currently working with a subtenant to provide contract flight training services from the facility. To accommodate the needs of the subtenant, ECKO Air LLC wishes to lease 26,620 square feet of available aircraft apron parking space, and wishes to add flight training services, on a non-exclusive basis, to their commercial aeronautical services.
PRIOR ACTION:
July 22, 2004 - City Council approved the Lease and Operating Agreement with ECKO Air LLC
February 10, 2005 - City Council approved Amendment No. 1
July 25, 2005 - Amendment No. 2 executed
April 22, 2010 - City Council approved Amendment No. 3
FUNDING:
N/A
FINANCIAL IMPACT:
ECKO Air LLC currently pays a rental amount of $11,615.96 per year for their leasehold. The additional space will add $8,458.87 in rent per year, for a new total annual rental amount of $20,074.83.
CITY ATTORNEY REVIEW: Yes
2/10/2017
STAFF CONTACT:
Eric W. Olson, City Administrator
Daniel E. Flynn, Airport Director
ATTACHMENTS:
1) Airport Amendment No. 4 - ECKO Air LLC.
PRESENTATION: No end