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Okaloosa County BOCC — August 24, 2013 — Action Item Printout — reading text

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BOARD OF COUNTY COMMISSIONERS AGENDA REQUEST DATE: August 20, 2013 TO: Honorable Chairman and Members of the Board FROM: Sunil Harman SUBJECT: AOL Blue Horizon and J R Skyways to Harvey Williams DEPARTMENT: Airport BCC DISTRICT: All STATEMENT OF ISSUE: A proposed Assignment of Lease for hangar space from Blue Horizon Aviation, Inc. and J & R Skyways, Inc. to Mr. Harvey Williams for Block 2 Lot 3 at the Bob Sikes Airport is being presented to the Board of County Commissioners for approval. BACKGROUND: Blue Horizon Aviation and J & R Skyways previously entered into a ground lease for hangar space Block 2 Lot 3 at the Bob Sikes Airport and now assigns their responsibilities to Mr. Harvey Williams. Mr. Williams plans an extensive renovation to the existing hangar. Mr. Williams plans to enclose the current hangar, install a hydraulic door and other upgrades with the total price of the renovation being $117,462.00. Renovation plans are attached. Blue Horizon and J & R Skyways only had nine years remaining until termination of the lease. Nine years is not enough time for Mr. Williams for amortization of his investment for his renovation. The lease was renegotiated to add an additional twenty years. The twenty year extension will be contingent upon Mr. Williams completing the renovation by December 31, 2015. Blue Horizon Aviation and J & R Skyways is in compliance with all terms and conditions of their lease. The Assignment of Lease transfer fee has been received. The contract and lease internal coordination sheet is attached along with Mr. Williams' certificates of insurance. OPTIONS: Approve, Reject or Table. RECOMMENDATIONS: It is Staff's recommendation that the Board approve this Assignment of Lease as described above. RECOMMENDED BY: APPROVED BY: Ernie Padgett, County Administrator

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