DEPARTMENT: Aviation
DEPARTMENT HEAD: Noel T. Jones
COUNCIL DISTRICTS IMPACTED: Citywide
SUBJECT:
License Agreement and Amendment to the Lease Agreement at the San Antonio International Airport
SUMMARY:
Consideration of two Ordinances related to property agreements at the San Antonio International Airport:
A. This Ordinance authorizes an amendment to the lease agreement with VT San Antonio Aerospace, Inc. (VT Aerospace) to remove 128,846 square feet of ground space from Tracts A and B of their leasehold and to add 3,946 square feet to Tract B. Of the total ground space removed, 3,559 square feet will go to the City to use as an easement, while the remaining 125,287 square footage will be for use by the Airport System. The ground rental rates will be adjusted accordingly and the amendment will also incorporate new provisions as required by the Federal Aviation Administration.
B. This Ordinance authorizes a license agreement with Security Service Federal Credit Union (Security Service) for access to Airport-owned easements to provide an ingress and egress to their property at the southeast corner of the intersection of the frontage road of US Highway 281 North and Jones-Maltsberger. The company will pay the City $11,680.00 for this agreement and will be responsible for all improvements and maintenance to property within the easement.
BACKGROUND INFORMATION:
Security Service would like to develop their property at the southeast corner for US Highway 281 and Jones-Maltsberger Rd. in order for ingress and egress to the property. The firm needs access to easements which require changes to a leasehold held by VT San Antonio Aerospace and a license agreement with the City of San Antonio.
A. Amendment to Lease Agreement with VT Aerospace
The amendment to the lease agreement will remove a total of 128,846 square feet from Tract A and Tract B of the lease premises and increase Tract B by 3,946 square feet. Of the 128,846 square feet, the City will use 3,...
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