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  Item No. 13.       
Meeting Date: 02/13/2020  
COMMITTEE: Legal  
CONTACT: Aaron Holloman CHAIR: Judy Stubbs

ACTION REQUESTED:
Consider approval to authorize Don and Angel Mayes, and Richard Glenn, as individuals, to renew their current lease agreement on “T” Hangar Building No. 120, Space 2.
BACKGROUND:
Initiated by:  Scott Stark/Mark Bleth
 
Don and Angel Mayes, and Richard Glenn, leases the building for the purpose of aircraft storage and maintenance. 1,002 square feet. New rent amount is $191 monthly; $2,292 annually. Rent adjustment is 3%. Don and Angel Mayes, and Richard Glenn, have been customers since February 2010.
FINANCIAL CONSIDERATION
Don and Angel Mayes, and Richard Glenn, new rent amount is $191 monthly; $2,292 annually. Rent adjustment is 3%. Term: March 1, 2020 through February 28, 2021.
LEGAL REVIEW:
The City Attorney has reviewed the lease.
BOARD AND COMMITTEE ACTION:
The Legal Committee recommended approval (4-0) at their meeting on January 23, 2020.
STAFF RECOMMENDATION:
Consider approval of the lease as presented.
Attachments
ATT 1 Mayes Lease


    

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