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Item C25BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Meeting Date: October 15, 2008 Division: Airports Bulk Item: Yes X No _ Department: Florida Keys Marathon Airport Staff Contact Person: James R. "Reggie" Paros/6002 AGENDA ITEM WORDING: Approval of a lease agreement with Islands Flying Club, Inc. for premises at the Florida Keys Marathon Airport on which to construct an enclosed hangar for the storage of aircraft ITEM BACKGROUND: The BOCC, at their December 19, 2007 meeting, approved for staff to negotiate a lease with current airport tenants, Richard Ramsay and R. Daniel Zieg, the current members of Islands Flying Club, Inc., for an undeveloped parcel of land at Florida Keys Marathon Airport on which to construct an enclosed hangar of approximately 4,000 square feet for the storage of two (2) aircraft. The attached lease agreement is the result of those negotiations. The initial term is for twenty (20) years with an option to renew for one (1) additional ten (10) year term. The rent for the premises of the initial year of this lease is $2,400 per year, with applicable sales tax. PREVIOUS RELEVANT BOCC ACTION: See Item Background CONTRACT/AGREEMENT CHANGES: This is a new agreement. STAFF RECOMMENDATIONS: Approval TOTAL COST: N/A BUDGETED: Yes No COST TO COUNTY: SOURCE OF FUNDS: REVENUE PRODUCING: Yes X No _ AMT MONTH $200.00 Year $2,400 plus tax APPROVED BY: County Atty Pending OMB/Purchasing Pending Risk Management Pending DOCUMENTATION: DISPOSITION: Revised 8/06 Included _ Not Required AGENDA ITEM #