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CITY COUNCIL AGENDA ITEM BRIEFING SHEET <br />Submittal Date: <br />Originating Department- <br />Presented By: <br />Agenda Item No.: <br />11 /21 /08 <br />Airport <br />Lisa A. Wright, Airport Director <br />Council Date: <br />12. <br />12/08/08 <br />RECOMMENDED MOTION: <br />Move to approve an Assignment of Lease from Edwin Lancaster to Bert Strom for a <br />hangar located at Cox Field Airport and authorize the City Manager to negotiate and <br />execute all necessary documents. <br />PoLicY IssvE(s): <br />Lease Assignment <br />BACKGROUND: <br />On July 18, 1994, the City executed a Lease Agreement with William T. Boothe for a hangar at Cox <br />Field Airport. Thereafter, the Lease was assigned to Ken Barber on September 27, 1997, and then from <br />Mr. Barber to Edwin Lancaster on April 20, 2000. Mr. Lancaster has since sold the hangar building to <br />Bert Strom and has requested that the City Council approve an Assignment of Lease. The Airport <br />Advisory Board recommends approval of this Assignment. <br />BOARD/CAMMISSION RECOMMENDATION: <br />The Airport Advisory Board recommended approval of the Assignment <br />EXMBiTS: <br />Assignment of Lease <br />ACI'ION: <br />BUDGET INFO: <br />❑ Financial Report <br />❑ Minute Order <br />Expense <br />$ <br />❑ Departrnent Report <br />~ Resolution <br />Budgeted Amt <br />$ <br />❑ <br />Presentation ❑ Urdinance <br />l <br />yTD Actual <br />$ <br />❑ Pub <br />ic Hearing ❑ Other <br />Acct Name <br />Acct Number <br />FiscAL NoTES: <br />REVIEWED AND APPROVED BY: <br />Z Administration 0 City Clerk E Community Development ❑ EMS/IT ❑ Finance ❑ Fire <br />❑ Municipal Court E Legal ❑ Library ❑ Police ❑ Eng./Public Works ❑ Utilities <br />City of Paris 000036 Revised 2/04/08 <br /> <br />