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Okaloosa County BOCC — April 1, 2014 — Action Item Printout — reading text

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BOARD OF COUNTY COMMISSIONERS AGENDA REQUEST DATE: April 1, 2014 TO: Honorable Chairman and Members of the Board FROM: Sunil Harman SUBJECT: Emerald Coast Aviation Amendment #6 DEPARTMENT: Airport BCC DISTRICT: All STATEMENT OF ISSUE: Aero FX dba Emerald Coast Aviation entered into the original lease agreement on January 1, 2009 to conduct Fixed Base Operations (FBO) at the Bob Sikes Airport. Emerald Coast Aviation requests Amendment # 6 to obtain a mortgage. BACKGROUND: Emerald Coast Aviation requests to amend their Lease Agreement with Okaloosa County to add provisions which would allow Emerald Coast Aviation to mortgage its interest as a Lessee under the Lease so that Emerald Coast Aviation can obtain funding from a commercial lender to construct permanent improvements at their FBO location at the Bob Sikes Airport. OPTIONS: Approve, Reject or Table. RECOMMENDATIONS: It is Staff's recommendation that the Board approve Emerald Coast Aviation's request to obtain a mortgage as described above. RECOMMENDED BY: APPROVED BY: Ernie Padgett, County Administrator

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