Title
Facility Lease with CAE Civil Aviation Training Solutions, Inc. at Phoenix Sky Harbor International Airport - Amendment (Ordinance S-48161)
Description
Request to authorize the City Manager, or his designee, to amend Lease 153742 with CAE Civil Aviation Training Solutions, Inc. (CAE) to specify the maximum amount of square footage available to lease is 164,870.
Report
Summary
On Feb. 5, 2021, the City and CAE entered into a Facility Lease Agreement 153742 to lease 48,498 square feet of office, parking and simulator bay space located at 1950 East Buckeye Road, Phoenix, Arizona for the purpose of commercial pilot training. The City and CAE wish to specify that 164,870 is the maximum amount of square footage available to lease on an as needed basis in the facility effective Feb. 5, 2021.
Contract Term
The contract term will remain unchanged, ending Feb. 4, 2026.
Financial Impact
Any additional square footage added to the leasehold will be billed at the current lease rent rate of $18.70 per square foot annually, $0.48 per square foot monthly for electricity, and $0.04 per square foot monthly for water.
Concurrence/Previous Council Action
The City Council approved Lease 153742 (Ordinance S-47022) on Oct. 21, 2020.
Location
Phoenix Sky Harbor International Airport - 1950 East Buckeye Road
Council District: 8
Department
Responsible Department
This item is submitted by Deputy City Manager Mario Paniagua and the Aviation Department.