DATE: April 28, 2022
TO: Council Airport Committee
FROM: Director of Public Works
SUBJECT
Title
Assignment/Assumption of Bud Field Lease
End
RECOMMENDATION
Recommendation
That the Council Airport Committee (CAC) reviews this report and recommends approval to Council.
End
SUMMARY
William “Bud” Field entered into a lease with the City of Hayward in 1999 for the leasehold located at 22005 Skywest Drive. Upon his passing in 2010, the company was transferred to a trust that bears his name and operates as Bud Field Aviation, Inc., (Bud Field). In 2019, the Trustee requested that lease rights be conveyed from William Field (as an individual) to Bud Field. This action was approved by the CAC on September 19, 2019, and by Council on October 1, 2019. At this time, the trustee is requesting that lease rights be conveyed from Bud Field to Friends of Bud Field, LLC, who is led by Adam Grosser, a long-time tenant at the Bud Field hangar. The other partners are also long-time tenants.
If this action is approved by the CAC, the item will be tentatively placed on the Council agenda for June 7, 2022.
ATTACHMENTS
Attachment I Staff Report
Attachment II Bud Field Aviation Inc. Site Map