15 - City-Owned Hangar Lease Agreement Amendment

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Item No. 15 TO: Mayor, Mayor Pro -Tem & City Council Grayson Path, City Manager FROM: Paul Strahan, Airport Manager/FBO Operator SUBJECT: CITY -OWNED HANGAR LEASE AGREEMENT AMENDMENT DATE: January 10, 2022 BACKGROUND: Paragraph 4 of the current t -hangar (city -owned) lease states that the term of the lease is 7 years with an option to extend the lease for an additional 3 years. The City of Paris City Code Sec. 10.04.006 (b) covers T -hangar rental and states that all hangars shall be on a month- to-month basis. STATUS OF ISSUE: The current hangar lease agreement contradicts the Paris City Code and needs to be amended to reflect what is written in the City's Code of Ordinances. BUDGET: N/A RECOMMENDATION: Approve the amendment to the Hangar Lease Agreement to reflect the lease term being a month-to-month rather than a 7 year term with an additional 3 year option. By doing this correction, both the t -hangar lease and the city code will be in agreeance.