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DISCUSSION: <br />Lot establishment within the aeronautical area have been established by the recording of <br />the binding site plan (BS-21-00001). This binding site plan identifies four lots, H-44, H- <br />45, H-46 and H-47 (Exhibit 1) which are to be accessed by a future extension of the <br />existing taxiway. This access has not yet been constructed. Inquiries to Public Works <br />have been made regarding leasing these parcels. The interest in these parcels is due to the <br />fact that water and sewer utilities are more readily available than other lots. Without the <br />extension of the existing taxiway, they are unable to access the runway. The current lease <br />language does not include extension of the existing taxiway. <br />To provide access to these lots, P W may seek to include the extension on the next capital <br />plan to the FAA. It is anticipated that funding will not be available until after 2027. One <br />option might be to allow the lessee to construct the extension and receive tenant <br />improvement credit towards the land lease. Another would be to construct the <br />improvements and add the cost to the lease. Lastly, Public Works could construct the <br />improvements and seek cost recovery from the general fund. <br />Previously PW met with the FAA which included a discussion of their concern about the <br />lease term length. Follow up contact with the FAA has been completed. FAA supports a <br />lease template using a 30-year term with two 10-year extension options. The FAA sees <br />this as acceptable and would not create future concerns regarding the longer lease terms <br />with the FAA. <br />The Airport Advisory Committee considered limiting lease terms to 30 years with an <br />option for two 10-year extensions. The AAC supported action to formalize lease duration <br />within the aeronautical area at their November 8, 2023, meeting and recommended this <br />for consideration by the Board of County Commissioners. Section 2 of the current lease <br />template states the duration of the lease, the text indicating the 30-year term with two <br />extensions is provided in Exhibit 2. <br />FISCAL IMPACT: <br />Undetermined at this time. <br />ATTACHMENTS: <br />Exhibit 1: Binding Site Plan <br />Exhibit 2: Lease Template <br />