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Okaloosa County BOCC — November 15, 2016 — DTS Buy Down Option- Impacted Leases — reading text
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DTS Buy Down Option- Impacted Leases — extracted reading text
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Destin Executive Airport Buy Down Options
Airport Lease # Block Lot Lessee Execution Effective Date Expiration Total Square SQ Rate Current Annual at Estimated Time Current Annual Diff
Type Date Footage (BCC Rate $1.50 (Expiration - (Escalated) (Escalated -
Approved) (Escalated) 10/1/2016) $1.50)
DTS L05-0254-AP 2 1 Barron Strother Initial 5/17/2005 2/14/2017 1629.5 $ 1.60 $ 1.98 $ 916.59 0 $ 1,208.22 $ 291.63
DTS L98-0096-AP 9 1 Crystal Beach Development Initial 6/15/2011 3/10/2018 3500 $ 2.34 $ 2.50 $ 5,250.00 1 $ 8,765.93 $ 3,515.93
DTS L08-0308-AP 5 4 Destin Beach Properties Initial 7/9/2014 3/15/2021 3026 $ 2.50 $ 2.53 $ 4,539.00 4 $ 7,641.10 $ 3,102.10
DTS L08-0333-AP 8 3 Charles Elwell Initial 9/9/2008 9/30/2021 1250 $ 1.64 $ 1.84 $ 1,875.00 5 $ 2,300.00 $ 425.00
DTS L08-0320-AP 8 6 Hanger 6, LLC Initial 11/12/2013 9/30/2021 1250 $ 2.50 $ 2.56 $ 1,875.00 5 $ 3,200.00 $ 1,325.00
DTS L09-0357-AP 8 7 Mitch Kaplan Initial 11/19/2009 9/30/2021 1250 $ 2.15 $ 2.44 $ 1,875.00 5 $ 3,050.00 $ 1,175.00
DTS L07-0296-AP 8 1 Wade & Rae LLC Initial 6/25/2016 1/14/2022 1250 $ 2.75 $ 2.75 $ 1,875.00 5 $ 3,437.50 $ 1,562.50
DTS L09-0349-AP 8 2 Charles Custer Initial 1/12/2009 1/14/2022 1250 $ 1.62 $ 1.83 $ 1,875.00 5 $ 2,287.50 $ 412.50
DTS L10-0365-AP 8 2 Charles Custer-Storage Initial 4/7/2010 1/14/2022 542 $ 2.15 $ 2.36 $ 813.00 5 $ 1,278.90 $ 465.90
DTS L08-0329-AP 8 5 Stanley Gordon Initial 7/6/2016 1/14/2022 1250 $ 1.62 $ 1.79 $ 1,875.00 5 $ 2,231.81 $ 356.81
DTS L08-0339-AP 8 8 GSB, LLC Initial 3/21/2014 1/14/2022 1250 $ 2.50 $ 2.50 $ 1,875.00 5 $ 3,125.00 $ 1,250.00
DTS L08-0338-AP 8 10 Dedebird, LLC Initial 9/9/2008 1/14/2022 1250 $ 1.62 $ 1.82 $ 1,875.00 5 $ 2,275.00 $ 400.00
DTS L10-0364-AP 8 10 Dedebird, LLC-Storage Initial 4/7/2010 1/14/2022 462 $ 2.15 $ 2.36 $ 693.00 5 $ 1,090.13 $ 397.13
DTS L02-0184-AP 8 11 Emerald Coast Aero Initial 8/13/2013 1/14/2022 1250 $ 2.50 $ 2.57 $ 1,875.00 5 $ 3,218.20 $ 1,343.20
DTS L10-0367-AP 8 11 Emerald Coast Aero-Storage Initial 8/13/2013 1/14/2022 231 $ 2.50 $ 2.57 $ 346.50 5 $ 594.70 $ 248.20
DTS L10-0359-AP 8 4 Nicole Haufe Initial 9/24/2013 4/1/2022 1250 $ 2.50 $ 2.57 $ 1,875.00 6 $ 3,212.50 $ 1,337.50
DTS L08-0315-AP 1 3 Jerry Maynard Renewal 7/17/2008 7/11/2022 2195 $ 2.00 $ 2.25 $ 3,292.50 6 $ 4,944.08 $ 1,651.58
DTS L08-0307-AP 5 2 AM Management Initial 10/4/2007 3/15/2023 3020 $ 2.00 $ 2.28 $ 4,530.00 6 $ 6,875.51 $ 2,345.51
DTS L08-0336-AP 5 3 PCP Aviation, LLC Initial 9/21/2015 3/15/2023 3018 $ 2.75 $ 2.78 $ 4,527.00 6 $ 8,390.04 $ 3,863.04
DTS L10-0369-AP 2 3 Allied Global Ventures Renewal 8/12/2014 7/15/2025 5376 $ 2.50 $ 2.53 $ 8,064.00 9 $ 13,609.56 $ 5,545.56
DTS L03-0202-AP 2 2 Bremfour Aviation Renewal 3/10/2014 12/31/2026 1583 $ 2.50 $ 2.50 $ 2,374.50 10 $ 3,957.50 $ 1,583.00
DTS L05-0247-AP 4 4 Destin Aero, LC Renewal 7/10/2008 6/17/2030 2524 $ 2.00 $ 2.19 $ 3,786.00 14 $ 5,522.66 $ 1,736.66
DTS L08-0345-AP 3 1 Raymond Watson Renewal 5/11/2015 1/7/2035 2950 $ 2.50 $ 2.53 $ 4,425.00 18 $ 7,450.37 $ 3,025.37
DTS L05-0250-AP 3 2 JGM Air, LLC Renewal 5/11/2015 1/7/2035 2950 $ 2.50 $ 2.53 $ 4,425.00 18 $ 7,450.40 $ 3,025.40
DTS L08-0327-AP 7 4 QR Air LLC Renewal 5/11/2015 5/17/2035 2444 $ 2.50 $ 2.53 $ 3,666.00 19 $ 6,171.10 $ 2,505.10
$ 70,398.09 $ 113,287.73 $ 42,889.63