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Council approves assignment of three FBO leases at Lake Havasu City Airport to Velocity Havasu Holdings
Summary
Council consented to assign fixed‑base operator leases for Sites 3, 4 and 6 and a fueling sublease for Sites 1 and 2 from Havasu Air Center LLC to Velocity Havasu Holdings LLC, and approved related estoppel certificates and lease amendments addressing liens, mortgages and FAA grant assurances.
The Lake Havasu City Council voted Tuesday to consent to the assignment of three fixed‑base operator (FBO) leases and a fueling sublease at the Lake Havasu City Airport from Havasu Air Center LLC to Velocity Havasu Holdings LLC. Miss Gary, a city staff presenter, told the council the requested consents cover Site 3 (lease originally executed in 1992, assigned to Havasu Air Center in February 2025, expires 09/30/2027), Site 4 (original lease 2008, expires 2033 with a…
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