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Vero Beach council approves airport lease transfers and $350,000 indemnity bond for customs facility
Summary
The City of Vero Beach approved assignment of multiple airport leases tied to the sale of Corporate Air, and consented to transfer an indemnity agreement with a $350,000 cash bond from Infinity Aviation for a US Customs facility; most motions passed unanimously, one lease passed 4–1.
The City Council of the City of Vero Beach on April 14 approved a package of lease assignments and a related indemnity agreement tied to the sale of Corporate Air to a group introduced in council as Infinity Aviation. Council voted on several lease assignments for parcels at the Vero Beach Regional Airport and approved a resolution consenting to transfer the indemnity agreement for a U.S. Customs and Border Protection user-fee facility, with Infinity Aviation providing a $350,000 cash bond to remain on deposit until the agreement expires.
Why it matters: The votes formalize the transfer of airport operating rights and related financial assurances to a new FBO operator while keeping scheduled public events intact for 2026, and they remove the final council-level barrier to the purchaser completing the sale.
Council discussion and votes Council considered five lease items tied to taxiway and ramp parcels. Staff and airport operations representatives described the parcel locations (Taxiway Bravo, Airport West Drive, Taxiway Echo and the north ramp) and the connection…
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