Title
Renew 5-Year Airport Franchise and License Agreement with Lightning Aviation, Inc., operating as Fixed Base Operator (FBO) at the Foley Municipal Airport
Summary
Description of Topic: (who, what, where, when, why and how much)
Renew 5-Year Lease with Lightning Aviation, Inc., operating as Fixed Base Operator (FBO) at the Foley Municipal Airport, under the terms of the attached Airport Lease at the current rate of $500 per month plus $0.03/gallon fuel flowage fee that will be imposed with new lease agreement.
Budgetary Impact:
Non-Capital Item:
__X__ Budgeted under account #___01-4758_________
____ Not budgeted, requesting transfer of $__________ from Account #______________ to Account #_____________.
____ Not budgeted requiring increase to account #___________ in the amount of $____________.
Capital - Departmental
____ Budgeted under account #______________ for $___________ and described in budget as __________________________________.
Additional amount needed, if any: Increase in budget of $_____________ OR, transfer of $___________ from Account #____________ to Account #_______________
____ Not Budgeted - account #____________ requires budget increase of $_____________.
Capital Project - **THE PRE-PROJECT CHECKLIST AND BUDGET CHECKLIST MUST BE ATTACHED TO THIS FILE**
In current year Capital Projects Plan:
_____ Yes, planned amount $___________, requesting $_________ as total project estimate, including contingencies, under account #_________________
_____ No, requesting $___________ as total project estimate, including contingencies, under account #____________________
Body
WHEREAS, Resolution 4550-11 approved entering into a five-year Airport Franchise and License Agreement with Osprey 8 LLC, (later to become Lightning Aviation, Inc.) to operate as the Fixed Base Operator (FBO) at the Foley Municipal Airport and such agreement was entered into on July 26...
Click here for full text