DATE: June 7, 2022
TO: Mayor and City Council
FROM: Director of Public Works
SUBJECT
Title
Adopt a Resolution Authorizing the City Manager to Negotiate and Execute an Assignment/Assumption of Lease with Friends of Bud Field, LLC, for Property located at 22005 Skywest Drive
End
RECOMMENDATION
Recommendation
That the City Council adopts a resolution (Attachment II) authorizing the City Manager to negotiate and execute an Assignment/Assumption of Lease with Friends of Bud Field, LLC, for Property located at 22005 Skywest Drive, in a form to be approved by the City Attorney.
End
SUMMARY
William “Bud” Field entered into a lease with the City 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 Aviation, Inc. 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 Aviation, Inc., 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. The subject property is depicted in Attachment III.
Council Airport Committee Review
This item was presented to the Council Airport Committee during their April 28, 2022 meeting and was unanimously recommended for Council approval.
ATTACHMENTS
Attachment I Staff Report
Attachment II Resolution
Attachment III Bud Field Aviation Leasehold