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Item No. 11 <br />memorandum <br />TO: Mayor & City Council <br />FROM: John Godwin, City Manager <br />SUBJECT: HANGAR LEASE EXTENSION <br />DATE: November 30, 2018 <br />BACKGROUND: Eric Zarones approached the city about getting an extension to his existing <br />ground lease on Hangar A-7. This is a hangar he acquired relatively recently, after which he has <br />done approximately $12,000 of upgrades, at his cost, to the structure. Improvements include: <br />1. Foam insulated entire hangar and painted foam; <br />2. Installed four feet skirting from pearling to floor; <br />3. Installed electrical outlets all around hangar; and <br />4. Installed four new ceiling lights and switches. <br />STATUS OF ISSUE: Mr. Zarones has requested a five-year extension to the existing 30 -year <br />lease, which has always been maintained consistent with his agreement with the city. The airport <br />board discussed this request at its November 15 meeting, and unanimously recommended its <br />approval by the city council. <br />BUDGET: NA <br />RECOMMENDATION: Approve lease extension. <br />