Title
Worldwide Flight Services, Inc. Facility Lease at Phoenix Sky Harbor International Airport (Ordinance S-46763)
Description
Request to authorize the City Manager, or his designee, to enter into a Facility Lease agreement with Worldwide Flight Services, Inc. (WFS) to lease up to nine additional cargo bays at Phoenix Sky Harbor International Airport for five years. Estimated revenue to the City over the term of the contract is approximately $1,492,990. Further authorize the City Treasurer to accept funds related to this item.
Report
Summary
WFS conducts cargo handling operations and ground service equipment maintenance for airlines at Phoenix Sky Harbor Airport. WFS currently leases 13 cargo bays at PHX’s West Air Cargo Facility. WFS has requested up to nine additional cargo bays (approximately 17,280 square feet).
Contract Term
The term will be five years and can be cancelled by either party.
Financial Impact
Annual rent will be approximately $298,598 ($17.28 per square foot). Rates subject to annual Rates and Charges adjustments authorized by the Phoenix City Code.
Location
Phoenix Sky Harbor International Airport West Air Cargo, 1323 S. 27th St.
Council District: 8
Department
Responsible Department
This item is submitted by Assistant City Manager Deanna Jonovich and the Aviation Department.