Title
From the Director, Department of Transportation and Public Works, and the Airport Director, requesting authorization to amend the lease agreement between Milwaukee County and Signature Flight Support and sell one of Signature Flight's hangar facilities at General Mitchell International Airport (GMIA).
Body
POLICY
County Board approval is required for the sale of hangar facilities and for the amendment of base operator agreements at General Mitchell International Airport (GMIA).
BACKGROUND
On October 30, 1997, Milwaukee County entered into a lease (Airport Agreement No. BO-1180) with Signature Flight Support for the lease of land and buildings at GMIA on which to operate as a fixed base operator. The agreement has a term of twenty-five (25) years, commencing June 1, 1998. Signature Flight Support has requested that Milwaukee County approve the sale of the hangar facility within its leasehold under Airport No. BO-1180 to Air Cargo Carriers, LLC, and amend its leasehold through the relinquishment of land associated with the hangar facility.
RECOMMENDATIONS
1. Airport staff recommends that Milwaukee County approve the sale of the Signature Flight Support hangar facility to Air Cargo Carriers, LLC.
2. Airport staff recommends that Milwaukee County approve the amendment to Airport No. BO-1180 between Milwaukee County and Signature Flight Support through the relinquishment of land associated with the hangar facility.
FISCAL NOTE
Ground rental paid by Signature Flight Support will be picked up by Air Cargo Carriers. There will be no impact to the tax levy of Milwaukee County.
Prepared by: Steven Wright, A.A.E., Airport Properties Manager
Approved by:
___________________________ ____________________________________
Jack Takerian, Director C. Barry Bateman
Transportation and Public Works Airport Director
H:\Private\Clerk Typist\Aa01\TPW&T 11\REPORT - SFS to ACC.doc