COMPLIANCE INFO_PRE 2019 - Laserfiche WebLink

Home Browse Search

Board of Supervisors August 26 , 1986 Stockton Metropolitan Airport Lease Agreement Page 3 with Pete Smith remaining undepreciated value of the tank. This price has been determined in cooperation with the County Purchasing Department. FISCAL IMPACT: It is estimated that the sale and transfer of the fuel storage equipment will result in a savings to the Airport Enterprise Fund of approximately $2, 500. 00 ( $500. 00 annually for precision tank testing, and a one time capital outlay of $2, 000. 00 for the installation of electronic monitoring equipment ) . This agreement would eliminate the need for the Department of Aviation to register, test and monitor this equipment on an annual basis. Furthermore, revenue for the Department of Aviation will continue to be derived through a per month minimum and/or fuel flowage fee as provided for in all airport fuel concessionaire agreements. ACTION TO BE TAKEN FOLLOWING APPROVAL: Contingent upon a valid precision tank test, in compliance with all federal, state and local laws and regulations and approval of the request by the Board of Supervisors, the current Airport Lease Agreement will be cancelled, a Bill of Sale will be prepared by County Counsel and a new Airport Ground Lease Agreement will be pre- pared by the Department of Aviation and reviewed by County Counsel ' s office. Once the Bill of Sale is prepared and the lease approved, all documents will be submitted to Mr. Smith for his review and signature. Upon return of the Bill of Sale and lease agreement to our office, these documents will be submitted to the Board of Supervisors for its review and approval. Sincerely, GEOR L. SPADAFORE Airport Manager GLS: DD:mlm c: David D. Rowlands, Jr. , County Administrator County Counsel - John F. Cheadle/Steven B. Bassoff Auditor-Controller Assessor Richard Pietz, County Safety & Risk Manager Pete Smith Clerk of the Board - (Agenda Item - September 9 , 1986 )