Subject:
Title
Approval of a new lease agreement between Brevard County (COUNTY) and the Brevard County Mosquito Control District (DISTRICT).
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Fiscal Impact:
Airport Revenue:
Annual lease amount of $53,993.79 and annual CPI Increase or 3%, whichever is less.
Dept/Office:
Valkaria Airport
Requested Action:
Recommendation
It is requested that the Brevard County Board of County Commissioners approve and authorize the chair to execute a new lease agreement between the Brevard County Mosquito Control district and Valkaria Airport.
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Summary Explanation and Background:
The Mosquito Control DISTRICT has leased an operations site from Valkaria Airport since 1988. The site contains a variety of structures used for both aeronautical and non-aeronautical operations related to mosquito control and is currently the base for the DISTRICT’S drone operations. The new Lease Agreement (Attachment) is for a term of ten (10) years, to expire February 28, 2034. The premises to be leased shall be used by the DISTRICT as a DISTRICT southern area operations site to include mosquito control operations, an office, shop, support structures and aviation facility to operate and maintain motor vehicles owned or under the exclusive control of the DISTRICT. Pursuant to FAA requirements and the existing lease, the new lease rate shall be established with a provision to increase (or decrease) rent annually based on Consumer Price Index (CPI) adjustments with increases not to exceed 3% and decreases not to exceed 2%.
This new lease agreement represents a 3% increase in the rental amount from $52,042.36 to $53,993.79 in accordance with administrative order 40, and a change in the term of the lease from five (5) years to ten (10) years.
Clerk to the Board Instructions:
Please have the Chair execute the Lease Agreement, the Clerk Attest to the Lease Agreement, and send to adam.hied@brevardfl.gov and to liesl.king@brevardfl.gov.