Title
Authorize the City Manager to finalize and execute a Consent to Assignment of Hangar Lease with Mesquite Aircraft Service, LLC, dba Mesquite Aircraft Sales and Service.
Body
On April 7, 2014, the City of Mesquite entered a hangar lease with LBL 861, LLC, dba Mesquite Aircraft Sales and Service, for a long-term lease of the facility located at 1350 Airport Boulevard. The initial term of the lease is 20 years. In accordance with the assignment provisions of the ground lease, Mesquite Aircraft Sales and Service, LLC has negotiated the purchase of the business operating out of this facility and desires to transfer the lease agreement from the current owner. All appropriate documents have been submitted, and the lease is in good standing with the City of Mesquite. The new owner wishes to continue providing the maintenance services which Mesquite Aircraft Sales and Service, LLC already provides.
Recommended/Desired Action
Staff recommends the City Manager be authorized to finalize and execute a Consent to Assignment of Hangar Lease with Mesquite Aircraft Sales Service, LLC, dba Mesquite Aircraft Sales and Service.
Drafter
Eric Pratt, A.A.E.
Head of Department
Eric Pratt, A.A.E.