Laserfiche WebLink
to Lessor, Lessee shall have no claim for compensation as occasioned by said <br />modification or termination. <br />It is thought that replacing the current language with the proposed language will push full <br />implementation of leases to market value out another five years. For the past several <br />lease amendments, Public Works has been using current language and has been <br />positioning for rate increases once the Board of County Commissioners determines the <br />appropriate lease rate (aeronautical and industrial). The change will require additional <br />fund reserve from the Airport Fund to retire the debt created by the hiring of an Airport <br />Manager. <br />FISCAL IMPACTS: <br />Implementation of the proposed new language will not cover the debt generated by the <br />2019 Budget proposed Airport Manager (EXHIBIT 1 attached). <br />ATTACHMENTS: <br />Exhibit 1: Airport Manager Financial Analysis <br />Page 3 of 4 <br />PUBLIC WORKS BOARD OF COUNTY COMMISSIONERS WORK SESSION STAFF REPORT <br />