HomeMy WebLinkAbout~Master - Airport Hangar Lease with Kenneth Augustine RESOLUTION NO. 12-121
RESOLUTION APPROVING RENEWAL OF AIRPORT HANGAR LEASE
WITH KENNETH L. AUGUSTINE
FOR THE CITY OF AMES,IOWA
WHEREAS,the Ames Municipal Airport currently has land leases with six aircraft hangar
owners, and in 2012, five of the six need renewed; and,
WHEREAS,these leases have been renewed several times in the past with various contract
lengths and terms; and,
WHEREAS,the City of Ames entered into a contract with Snyder&Associates Engineering
to prepare an Airport Master Plan, and Snyder completed an analysis of the current lease structures
as part of the plan and recommended current lease rates; and,
WHEREAS, these leases are now being adjusted and renewed for another five- or ten-year
period with forecasted rates being consistent with the adopted Airport Master Plan; and,
WHEREAS, differences in the duration of the lease period are in response to specific
requests from the lessees,and a longer term lease provides more certainty to those looking to invest
and maintain their hangar building; and,
WHEREAS, the annual adjustment in lease rate is the same for all of the land leases and
increases by $0.005/square foot/year, ranging from approximately $0.173 to $0.193/square foot
($0.218 for the 10-year terms); and,
WHEREAS,below is a table showing general statistics about each lessee as well as fees from
the last year of the existing lease and the first year of the new lease:
Lessee Land Area (sq.ft.)Amount for 2011/12 Amount for 2012/13 Term of Lease
(years)
Viking Aviation, Inc. 13,600 $2,285.00 $2,353.00 5
Brian Aukes 13,600 $2,621.00 $2,699.00 10
Craig Sommerfeld 44,436 $7,475.00 $7,697.00 5
Kenneth Augustine 10,800 $1,814.00 $1,868.00 5
mes Hangar Club 74,564 $2,386.00 $2,460.00 10
WHEREAS,Viking Aviation,Inc.,Brian Aukes,Craig Sommerfeld,Kenneth L.Augustine,
and the Ames Hangar Club have agreed to the terms and rates established in their leases and have
signed them as required.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the five-year Airport hangar lease with Kenneth L. Augustine is hereby approved.
ADOPTED THIS 27th day of March, 2012.
�`L �
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Goodman
Seconded by: Wacha
Voting aye: Davis, Goodman, Orazem, Szopinski, Wacha
Voting nay: None Absent: Larson
Resolution declared adopted and signed by the Mayor this 27"' day of March, 2012.