Title
State of Arizona Game & Fish Hangar Lease - Extension (Ordinance S-49018)
Description
Request to authorize the City Manager, or his designee, to amend State of Arizona Game & Fish Department Hangar Lease 128085 to extend the term for three years with two one-year options to extend.
Report
Summary
The State of Arizona Game & Fish (AZG&F) leases an aircraft hangar at Phoenix Deer Valley Airport. AZG&F has requested to extend the term of the lease for three years with two one-year options to extend the term.
Contract Term
The extended term will be three years from Nov. 1, 2022 to Oct. 31, 2025. The amendment may include two one-year options to extend the term that may be exercised at the sole discretion of the Aviation Director.
Financial Impact
Annual rent for the first year of the term will be $63,349. Rent will be adjusted annually according to the Phoenix-Mesa-Scottsdale Consumer Price Index. Total anticipated revenue, if all options are exercised, is approximately $336,329.
Concurrence/Previous Council Action
The City Council approved:
- AZG&F Hangar Lease 128085 (Ordinance S-35619) on Nov. 5, 2008
- AZG&F Amendment 1 to Hangar Lease 128085 (Ordinance S-44844) on June 27, 2018
This item was approved by the Phoenix Aviation Advisory Board on Aug. 18, 2022, by a vote of 7-0.
Location
Phoenix Deer Valley Airport, 702 W. Deer Valley Road
Council District: 1
Department
Responsible Department
This item is submitted by Deputy City Manager Mario Paniagua and the Aviation Department.