O-2007-2965 2nd amendment/lease for fixed base operations DE Aviation

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REQUEST FOR CITY COUNCIL AGENDA ITEM Agenda Date Requested: Januarv 8. 2007 R'q."'" By: S. GUld' ~.H-4 Department: Public Works Appropriation Source of Funds: N/A Account Number: N/A Report: Resolution: Ordinance: xx Amount Budgeted: N/A Exhibits: Ordinance Amount Requested: N/A Exhibits: Second Amendment to Agreement and Lease Budgeted Item: SUMMARY & RECOMMENDATION The City of La Porte renewed the Agreement and Lease for Fixed Base Operations with D. E. Aviation, Inc. on January 26, 1998. The First Amendment, adding three T-hanger sites, was approved on February 1, 2002. D. E. Aviation has proposed to lease a paved area (formerly Cliff Hyde Flying Service hanger site) for use as a self-fueling site for aircraft. The site, composed of 16,800 square feet of concrete paving, is unsuitable for hangers due to height restrictions. The proposed use will be below the height restrictions for this area, and is well suited for this activity. The proposed lease rate for the site is $3,360.00 per year, or $0.20 per square foot per year. The lease rate is subject annually to the Consumer Price Index for all Urban Consumers, with 2001 as the base year. Rental ofthe site will commence on February 1,2007. Lease term is for ten (10) years, to run concurrently with the existing lease. D. E. Aviation has tendered $500.00 for the lease preparation fee. Rental will be billed monthly, and will begin as outlined in the Agreement. Action Required bv Council: Approve an ordinance authorizing the City Manager to execute the Second Amendment to Agreement and Lease between the City of La Porte and D. E. Aviation, Inc. Approved for City Council Agenda Jff7 Date