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Business Economic Development Committee approves short-term lease with Barney Aviation at Danforth International Airport
Summary
The committee approved a standard short-term lease for Barney Aviation at Danforth International Airport, with an initial five-year term and two one-year extensions; airport staff said the starting monthly rent increase is $2,503.53 and the lease follows FAA grant-assurance limits.
The Business Economic Development Committee approved a staff-recommended lease for Barney Aviation at Danforth International Airport during its meeting. Francis Robbins, assistant airport director, said the leases must be short-term to comply with FAA grant assurances and that the tenant requested to remain on the property.
Robbins said the lease form was provided in the meeting packet and that the new terms include a revised method for calculating annual rent increases. "The starting rent increase will be $2,503.53 per month," Robbins said. He also told the committee the initial term structure is an initial five-year term with two additional one-year extensions.
Councilor Mao asked whether the city's legal department had reviewed the lease; Robbins replied that the lease is the standard form provided by the city's legal department and that legal drafted the initial document. Following that exchange, the chair entertained a motion; the motion was seconded and the committee approved the staff recommendation as presented.
The committee did not record a roll-call vote for this item in the open portion of the meeting; staff will proceed under the approved lease terms as provided in the packet.
