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KITTITAS COUNTY <br />DEPARTMENT OF PUBLIC WORKS <br />PUBLIC WORKS — BOARD OF COUNTY COMMISSIONERS <br />STUDY SESSION STAFF REPORT <br />WORK SESSION DATE: July 11, 2016 <br />TOPIC: Draft Letter of Intent to Lease — Central Washington University <br />ACTION REQUESTED: Authorize the Chair's Signature on a Letter of <br />Intent to Lease the Main Hangar at Bowers Field <br />for an Initial Five Year Period (10-01-2017 to 10-01- <br />2022) <br />LEAD STAFF: Mark R. Cook <br />RECOMMENDATION: <br />Authorize the Chair's Signature on a Letter of Intent to Lease the Main Hangar at <br />Bowers Field for an Initial Five Year Period (10-01-2017 to 10-01-2022). <br />BACKGROUND: <br />Staff has worked with Midstate Aviation (MA) and Central Washington University (CWU) <br />for the past several months preparing a purchase and sale agreement allowing CWU <br />access to the county's main hangar. Under the terms of the proposed agreement, MA <br />will lease the ground floor of the office portion of the main hangar to CWU for a period of <br />one year terminating the last day of September 2017. At that time, MA proposes <br />vacating the upper story of the main hanger making the entire facility available to CWU. <br />DISCUSSION: <br />CWU is preparing to finalize and accept terms from MA in the near future (prior to 07-15- <br />2016). CWU desires a signal from the County that the County is willing to allow the <br />sublease of the ground floor of the office portion of the main hangar from MA until <br />September 30, 2016. CWU furthers desires commitment from the County to lease the <br />entire main hanger to CWU at the conclusion of the sublease for a period of five years <br />(assuming current market rate at the time of lease). <br />The County's support and willingness to assist both parties in this purchase action <br />affords time for MA to transition its business model and affords CWU the ability to fully <br />implement its aviation training program at Bowers Field. <br />FISCAL IMPACTS: <br />None are anticipated. <br />ATTACHMENTS: <br />Exhibit 1: Draft Letter of Intent to Lease the Main Hangar to CWU <br />Page 1 of 2 <br />PUBLIC WORKS BOARD OF COUNTY COMMISSIONERS STUDY SESSION STAFF REPORT <br />