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Council concurs with airport committee to extend lease for 540 Rent and Hangar LLC through 2028
Summary
The council concurred with its Transportation Aviation Committee and approved Amendment No. 8 to Lease 99002 with 540 Rent and Hangar LLC, extending the lease through July 31, 2028, with annual lease revenue of $32,925.48.
The City Council voted to concur with the Transportation Aviation Committee’s recommendation to approve Amendment No. 8 to Lease 99002 with 540 Rent and Hangar LLC, extending the lease through July 31, 2028, with annual lease revenue of $32,925.48.
The Transportation Aviation Committee report recommended concurrence with staff’s recommendation; Councilmember McGurwin moved concurrence and Councilmember Vann seconded. The council approved the recommendation by verbal ayes.
The amendment was presented as a standard lease-extension action to maintain airport operations and revenue; committee chairs and staff said the extension aligns with airport management plans.
