Item Coversheet

BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT

Item No. 6.G.
For Meeting of: February 20, 2018

ITEM TITLE:

Resolution authorizing an Airport Lease Agreement with McCormick Aircraft Hangars, LLC, for property south of 2810 West Washington Avenue

SUBMITTED BY:Robert K. Peterson, Airport Director, 509-575-6149
SUMMARY EXPLANATION:
The Yakima Air Terminal-McAllister Field is an Enterprise fund where the majority of the revenue generated at the airport is through operating or lease agreements.  Rob McCormick with McCormick Air Center has indicated a desire to lease approximately 14,000 square feet of property south of Triumph Actuation Systems.  This lease will allow Mr. McCormick the ability to rehabilitate asphalt that has outlived it's useful life and construct a vehicle parking lot.  The parking lot will provide surrounding businesses with ample vehicle parking while providing the airport with additional revenue.   The initial term of the agreement is for 10 years and has the option to extend another 10 years beyond the initial term (20 years total). 
ITEM BUDGETED:Yes
STRATEGIC PRIORITY:Economic Development
APPROVED FOR SUBMITTAL: City Manager
STAFF RECOMMENDATION:
Adopt Resolution.
BOARD/COMMITTEE RECOMMENDATION:
ATTACHMENTS:
DescriptionUpload DateType
resolution2/16/2018Cover Memo
Lease Agreement2/14/2018Contract