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Item No. 10 <br />Memorandum <br />TO: Mayor, Mayor Pro -Tem & City Council <br />Robert Vine, Interim City Manager <br />FROM: Paul Strahan, Airport Manager/FBO Operator <br />SUBJECT: Approve a Lease to Own Agreement with Avfuel for an Avgas Truck for the <br />Airport <br />DATE: October 14, 2024 <br />BACKGROUND: The airport since December 2023has leased an avgas truck from Avfuel for the <br />purpose of offering a full service fuel option at the airport. Former City Manager, Grayson Path, <br />wanted to lease the fuel truck to see if a lease to own option was justifiable. The amount of time <br />and the amount of fuel the truck disperses throughout the months justifies having a fuel truck for <br />the long term. <br />STATUS OF ISSUE: The airport now has an opportunity to enter into a lease to own option for <br />this fuel truck. The amount of money the City has paid for the current lease will be applied to the <br />lease to own option. <br />BUDGET: The airport did budget for this avgas truck lease for fiscal year 2025, which will be a <br />monthly amount of $650.00. <br />RECOMMENDATION: Approve the lease agreement with Avfuel for an avgas truck; and <br />authorize the Interim City Manager to execute all necessary documents. <br />