SITE INFORMATION AND CORRESPONDENCE_FILE 1

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JOHN F. CHEADLE November 90 1988 Page 4 CONCLUSION 1 . Ve cannot grant.., an option without consideration. 2 . We. cannot grant a right of first refusal without conte. si:deration.. 3. We sh0ul.d in no way lock ourselves into a four cent or a five cent f e..l flowage fie for the 27 years stall zema3ning o: ... reg,uested carr the Spanos lease. 4. The CPI forerental mush be increasd in each year. 5. We c4h.. in no w� amortize the placement and. purch ase of fuel tanks b S anon until the amount S ands has p P paid for said. fuel. tanks has been realized nor can we in any way make an allowance. for the payment, of interest.. 6. We in no wary want to ieopar ize federal�:vrant Tt)one,-s received from the Federal Airport im2rovement Pr tigr:am. In � i:s regard Llan DeAngelis spoke to John Pfeifer, who zs the District Manager in the FAA office located in Burlingame: California.ornla. fir. Pfeifer indicated that there must be mitigatingcircumstances or factors which would indicate that they S atosae lease or a " other lease should be treated an diff ren than apy other fixed--based operator:at the Airoort. ter . Pfeifer did :not see any mitigating circumstancs' or factors which would indicate that Spanos should be treated any differently from any present or sub- sequent fixed-based operator at the Airport. In the last five gears the Airport has received approximately two and cine-half million dollars , 500, 000) by way of Federal Airport Improvements Program funds . obviously we cannot jeopar- dize this amount of noney> If you have any other considerations or certain of `the above items do not meet with your approval, would you please advise us as soon as possible. We are scheduled to meet with Mr. A. G. Spanos and .George Spanos., at their office, on Monday, November 141 1988, at lli'00 a. m. G z Al RPORT9 10 ccs David b. RowiahAs, Jr.