ADMINISTRATIVE REPORT
MEETING DATE: March 26, 2025 AGENDA CATEGORY: Consent - Agreements TO: Honorable Mayor and City Council
FROM: Zachary Meyer, Public Works Director
DATE: March 7, 2025
SUBJECT: Assignment of Long-Term Ground Lease Agreement No. 05-056 (2) for Hangar Space A8 to assign the rights and obligations of Dirk Leland Bentz and Renee Marie Bentz, Trustees of the Bentz Family Trust dated January 8, 2015, to Hamed Allen.
RECOMMENDATION:
Staff recommends approval of the assignment.
BACKGROUND:
As background, on the November 19, 2003, City Council Meeting, Agreement No. 03 -325 was approved establishing the Long-Term Ground Lease Agreement with the original leaseholder, Charles Douglas.
On February 9, 2005, the City Council approved Agreement No. 05 -056 which assigned the Lo ng-Term Ground Lease Agreement No. 03-325 with the original leaseholder, Charles Douglas, to Kurt Sickles.
On February 7, 2018, the City Council approved Agreement No. 05-056 (1) which assigned the Long-Term Ground Lease Agreement No. 05-056 from Kurt Sickles to Billy Ray Cox.
On October 20, 2021, the City Council approved Agreement No. 05-056 (2) which assigned the Long-Term Ground Lease Agreement No. 05 -056 (1) from Billy Ray Cox to the current lessee, Dirk Leland Bentz and Renee Marie Bentz, Trustees of the Bentz Family Trust dated January 8, 2015.
Dirk Leland Bentz and Renee Marie Bentz, Trustees of the Bentz Family Trust dated January 8, 2015, now desire to assign interest in the ground lease to Hamed Allen. The Long -Term Ground Lease Agreement allows for this assignment. The $200 processing fee required by the agreement has been paid. This assignment will transfer all ground lease terms to Hamed Allen, including the monthly rent of $40.
FISCAL IMPACT:
As this is a lease that generates revenue for th e Aviation Fund, there is no fiscal impact on the General Fund.
COUNCIL GOAL:
Economic Opportunity for All
ATTACHMENTS:
1. Signed Agreement
2. Exhibit A 05-056.pdf