DEPARTMENT: Aviation
DEPARTMENT HEAD: Noel T. Jones
COUNCIL DISTRICTS IMPACTED: Citywide
SUBJECT:
Lease Agreement with Imperial Aviation, LLC
SUMMARY:
This Ordinance authorizes a lease agreement with Imperial Aviation, LLC dba Gateone (Imperial Aviation) at Stinson Municipal Airport for fixed-based operations. The new lease agreement will consolidated the two lease agreements with Imperial Aviation by City Council on April 30, 2015. The lease agreement will include an office within the Stinson Terminal Building that will allow the tenant to sublease to a charter business and reduces the ground that was incorporated into a Texas Department of Transportation (TXDOT) project.
The term of the new agreement is eight years with the option to extend for an additional five years. The agreement is expected to generate revenue in the amount of $119,003.19 annually.
BACKGROUND INFORMATION:
On April 30, 2015, City Council consented to two assignment and assumption agreements for Imperial Aviation with Stinson Jet Center, LLC and San Antonio Aviation, LLC which allowed Imperial Aviation to begin their fixed-based operations in June 2015 at Stinson Municipal Airport.
In June 2016, the City authorized a six-month lease agreement with Imperial Aviation for an office (Suite 101) within the Stinson Terminal Building to sublease to Texas Air Shuttle. The short-term lease agreement will expire on December 1, 2016. Imperial Aviation would like to incorporate this space within the lease agreement. In addition, approximately 7,400 square feet of ground spaces needs to be removed from the leasehold as it was incorporated into a TXDOT project. With these modifications, the leasehold within this lease agreement will include:
* 49,054 square feet of Hangar Space
o 21,222 square feet of hangar space (Hangar 1)
o 21,222 square feet of hangar space (Hangar 2)
o 6,610 square feet of hangar space (Hangar 3)
* 220,192 square feet of Ground Space
o 96,014 square feet of grou...
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