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JOHN F. CHEADLE <br /> November 9, 1988 <br /> Page 4 <br /> CONCLUSION <br /> 1­4,..... We cannot grant an option without considerati <br /> 2= We cannot grant a right of first refusal without con- <br /> sideration. <br /> 3. <br /> We should in no way lock ourselves <br /> into a four cent or a <br /> five dent fuel flowage fee for the 27 years sill remaining or <br /> requested on the Spanos lease. <br /> The CPI for rental: must be increased in each year. <br /> We can in no Fav amortize the placement and purchase of <br /> .fuel tanks by SPanos until the amount Spanos has pal.d for said <br /> fuel tanks has been realized neer can we in any way ,make ars <br /> allowance for the payment of interest. <br /> 6. We in noway want to leopardie� federal.-grant moneys <br /> received from the Federal Airz)c'rt 1- provemenf.s Program. In this <br /> regard Ilan ➢e Bells spoke to john Pfeifer, who i }istri t <br /> Manager in the FAA office located in Burlingame, California. mr. <br /> Pfeifer indicated that there rust be mitigating circumstances or <br /> facture which. would indicate that tie Spnos fuel lease or a <br /> Other lease shy d;be treated any di f ferent 1. t n any ether <br /> f iced raseMr. Pfe>ier dial not see any <br /> d cratr a t tine Airport . f <br /> mitigating c rdurstanc s or factors which would indicate that. <br /> Spanos should be heated any di rferently from any present or sul - <br /> sequent fixed- based operator at the airport. <br /> In the last five years the airport has receivedaPPrdimately <br /> two and one-half million dollars ( , 500, <br /> CS C) by way of Federal <br /> Airport Improvements Program funds . Obviously we cannot jeopar- <br /> d.ie this amount of money. <br /> If you have any ether considerations or certain of 'the a155ve <br /> items do not meet with your approval, would you please advise U-4- <br /> as soon as possible. We are scheduled to meet with Mr- A. C. <br /> Spanos ;and George Spanos, at their office, on � ondav, No <br /> 14, 1988, at 11.4E a. m. ember . <br /> C: I P.PORT9--1 E) <br /> cc. David D. Rowlands, Jr. <br />