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Consent-General Government # 9.
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| Board of Supervisors |
County Administrator |
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| Subject |
| Approve 30-year airport ground lease with Malcolm Bond. (Annual general fund revenue $2,640) (Nunes/Engel) |
| Recommended Action |
| Approve 30-year airport ground lease with Malcolm Bond. |
| Strategic Plan Goal(s) |
Thriving Residents
Safe Communities
Sustainable Environment
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| Reason for Recommended Action/Background |
| The airport lease includes a ministerial project and is consistent with the Airport Master Plan, Airport Layout Plan and existing Aviation Zoning. The ground lease will generate $2,640 in the first year, plus a 2.5% annual cost-of-living adjustment. In addition, new based aircraft will bring about $3,000 per year in property tax to the general fund. All long term leases require Board approval. |
| Collaborations (including Board advisory groups and external partner agencies) |
| County Counsel |
| Competitive Bid Process |
N/A
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| Fiscal Impact |
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| Source of Funds for this Expenditure |
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Explanation (Expenditure and/or Revenue) |
| Further explanation as needed: |
| No general fund cost. This lease will generate annual ground lease revenues to the Airport Enterprise Fund and about $2,640 per year to the general fund in property taxes. |
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