| | | | | | | | BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT |
| | | | | | | | Item No. 5.D.
For Meeting of: June 2, 2015 |
| | | | | | | | | ITEM TITLE: | Resolution authorizing a lease agreement with H.E. Maggard for property located on the northwest corner of intersection of South 24th Avenue and West Washington Avenue, Yakima Air Terminal property | | SUBMITTED BY: | Robert Peterson,
Airport Manager
509-575-6149 | | |
| SUMMARY EXPLANATION: | The Yakima Air Terminal owns and manages a variety of properties, buildings, and land located within the airport's property. Although the majority of the airport's property available is utilized for aeronautical activities there's specific areas of which are leased out to tenants to further develop their businesses.
The parcel located at the Northwest corner of 24th Avenue and West Washington is adjacent to a recent strip mall development. The property owner, Jerry Maggard, is interested in leasing land from the airport to landscape and beautify the corner. This will provide better visibility for the adjacent business as well as the airport’s Terminal Building as passengers approach from 24th Avenue. |
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| | | | | | | | | Resolution: X | | Ordinance: | | | | | Other (Specify): | | Contract: X | Contract Term: 5 years (option 5 year extension) | | Start Date: June 2, 2015 | End Date: May 31, 2020 | | Item Budgeted: NA | Amount: | | Funding Source/Fiscal Impact: | Lease will provide the Yakima Air Terminal with revenues on land which is not developed for aeronautical uses. | | Strategic Priority: | Partnership Development | | Insurance Required? Yes | | Mail to: | | Phone: | | APPROVED FOR SUBMITTAL: |  | City Manager |
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| | | | | | | | | RECOMMENDATION: | | Airport staff recommends the City Manager and City Council approve attached lease agreement which will be a benefit for the community and surrounding businesses. |
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