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Item J3 FROM FAX NO. : Mar. 05 2002 05:22PM P10 BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Meeting Date: 03-20.02 Division: Countv Administrator ~ 13ulk Item: Yes No X Department: Airports AGENDA ITEM WORDING: Approval to pay FAA funds in the amount of $134,000 to Hangers On. Inc rather than provide similar facilities for cancelation oftbe lease agreement between Hangers On, Tne. and Monroe Coullty. This is at the request of Hangers On, Inc. ITEM BACKGROUND: FAA has approved funding to buyout the H,mgers On, Ine lease agreement due to it's proximity to the development at the Florida Keys Marathon Airport. PREVIOUS REVELANT BOCC ACTION: in June of 2001. BOCC approved cancellation of lease agreement CONTRACT/AGREEMENT CHANGES: N/A STAFF RECOMMENDA TIONS: Approval TOTAL COST: N/A BUDGETED: Yes No COST TO COUNTY: REVENVE PRODUCING: Yes No X AMOUNT PER YEAR $00.00 APPROVED BY: County Atty _ OMB/Purchasing _ Risk Management__ )tARA THON AIRPORT MANAGER APPROVAL: ev~ !2 - if'" Cook DlVISIONDIRF.CTORAPPROVAL: ~ ~~ ____ "/ James Roberts County Admimstrator DOCUMENTATION: Included x To FolJow_ Not Required_ DISPOSITION: ..-".-- AGENDA ITEM ## \./ U ReVised 2/27/01