DEPARTMENT: Aviation
DEPARTMENT HEAD: Frank Miller
COUNCIL DISTRICTS IMPACTED: Citywide
SUBJECT:
Fixed-Based Operations at Stinson Municipal Airport
SUMMARY:
Consideration of two Ordinances related to fixed-based operations (FBO) at Stinson Municipal Airport:
A. An Ordinance consenting to the assignment and assumption agreement between Stinson Jet Center, LLC and Imperial Aviation, LLC and authorizing an amendment to the agreement for the addition of an option of a five-year extension to the term.
B. An Ordinance consenting to the assignment and assumption agreement between San Antonio Aviation, LLC and Imperial Aviation, LLC and authorizing an amendment to the agreement for the rental of 1,981 square feet of office space within the Terminal Building and extension of the term to January 31, 2024 with an option of a five-year extension. The rental of Suites 108 and 109 will generate $25,178.51 in annual rental.
BACKGROUND INFORMATION:
J. R. Bean, operating as San Antonio Aviation, Inc. and as Stinson Jet Center, LLC, holds two lease agreements at Stinson Municipal Airport which includes the FBO at the airport.
The Stinson Jet Center leasehold includes the FBO and 130,663 square feet, including:
* 21,222 square feet for Hangar 1
* 689 square feet for Building 659
* 9,337 square feet for parking
* 99,415 square feet for ground area
The San Antonio Aviation leasehold includes two hangars, 21,000 square feet and 6,100 square feet.
Mr. Bean has asked the City to consent to the assignment of both lease agreements to Imperial Aviation, LLC. The principal of Imperial Aviation, LLC is Thomas Mathew. Mr. Bean will transfer and convey all of the rights, obligations, title, interest and liabilities in and to the lease agreements to Imperial Aviation, commencing upon approval by City Council. Imperial Aviation agrees to perform all the terms, provisions, covenants and conditions in the original lease agreements.
Amendm...
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