TITLE
title
First Amendment to Aviation Ground Lease Agreement With Global Jetcare, Inc., for Improvements Located at 15421 Technology Drive at Brooksville-Tampa Bay Regional Airport
body
BRIEF OVERVIEW
On October 12, 2021, the Board approved a long-term land lease with Global Jetcare, Inc., for the property located at 15421 Technology Drive at the Brooksville-Tampa Bay Regional Airport.
Global Jetcare, Inc., is a tenant in good standing and desires to modify their lease agreement to increase the amount of acreage it leases by an additional 105,674 square feet for a combined total of 415,687 gross square feet. This additional acreage will enable them to construct an additional hangar for their expanding business.
FINANCIAL IMPACT
The Airport will receive a minimum additional annual revenue in the amount of $26,418.50 (105,674 sq ft * $0.25 per square ft) in:
Fund: 4311 - Airport/Industrial Park, Account: 3620051 - Lease - Aviation.
LEGAL NOTE
The Board is authorized to act on this matter pursuant to Chapter 125, Florida Statutes.
recommendation
RECOMMENDATION
It is recommended that the Board approve and authorize the Chairman’s signature on the First Amendment to the Aviation Ground Lease with Global Jetcare, Inc.