Title
From the Director, Department of Transportation and Public Works, and the Airport Director, requesting authorization to terminate the lease agreement between Milwaukee County and Dr. Ted Silver, originally entered into under File # 93-303, and sell Dr. Silver's hangar facility at General Mitchell International Airport (GMIA).
Body
POLICY
County Board approval is required for hangar sales and lease terminations at General Mitchell International Airport (GMIA).
BACKGROUND
On February 20, 1996, Milwaukee County entered into a lease agreement (Airport Agreement No. HP-1151) with Dr. Ted Silver for the lease of approximately 5,100 square feet of land at GMIA on which to build and maintain an aircraft hangar. The agreement was for an initial term of five (5) years, commencing September 16, 1993, with Dr. Silver having the option to renew the agreement for three (3) additional five (5) year terms. Dr. Ted Silver is now requesting that Milwaukee County approve the sale of his hangar facility to Charles F. Zens and consent to the termination of Airport Agreement HP-1151.
RECOMMENDATION
1. Airport staff recommends that Milwaukee County approve the sale of the Silver hangar facility to Charles F. Zens.
2. Airport staff recommends that Milwaukee County approve the termination of Airport Agreement No. HP-1151 between Milwaukee County and Ted Silver.
FISCAL NOTE
Ground rental paid by Ted Silver will be picked up by Charles Zens. 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 - Silver to Charles F. Zens_FINAL.doc