File #: 16-0258    Version: Name:
Type: Ordinance Status: Passed
File created: 2/22/2016 In control: City Council
On agenda: 3/8/2016 Final action: 4/12/2016
Title: Second Reading Ordinance - Second Amendment to Lease for Atlantic Aviation to extend term for fifteen years (Requires 28 Day Delay) (1st Reading 3/8/16) Ordinance authorizing the City Manager, or designee, to execute a second amendment to the lease between Mercury Air Center - Corpus Christi, Inc., dba Atlantic Aviation ("Atlantic"), Atlantic Aviation FBO Holdings, LLC ("Atlantic Holdings"), and the City for completion of $3,300,000 in capital improvements for an additional 15-year lease term; authorizing the execution of a short-term license agreement as part of the second amendment; and providing for severance, publication, and an effective date.
Sponsors: Aviation Department
Attachments: 1. Agenda Memo - Atlantic Aviation Second Amendment, 2. Ordinance - Atlantic Aviation Second Amendment.pdf, 3. Second Amendment to Lease - Atlantic Aviation, 4. TEC Form 1295 - Atlantic Aviation, 5. TEC Form 1295 - Mercury Air Center, 6. West FBO Facilities - Atlantic Aviation

Title

Second Reading Ordinance - Second Amendment to Lease for Atlantic Aviation to extend term for fifteen years (Requires 28 Day Delay) (1st Reading 3/8/16)

 

Ordinance authorizing the City Manager, or designee, to execute a second amendment to the lease between Mercury Air Center - Corpus Christi, Inc., dba Atlantic Aviation ("Atlantic"), Atlantic Aviation FBO Holdings, LLC ("Atlantic Holdings"), and the City for completion of $3,300,000 in capital improvements for an additional 15-year lease term; authorizing the execution of a short-term license agreement as part of the second amendment; and providing for severance, publication, and an effective date.