REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF THE COUNTY OF SAN BERNARDINO
AND RECORD OF ACTION
July 28, 2020
FROM
TERRY W. THOMPSON, Director, Real Estate Services Department
JAMES E. JENKINS, Director, Department of Airports
SUBJECT
Title
Revenue Lease Agreement with SOCAL MRO LLC for Hangar, Shop, and Office Space at Chino Airport for the Department of Airports
End
RECOMMENDATION(S)
Recommendation
Approve a revenue Lease Agreement with SOCAL MRO LLC, commencing for the period from the latest of the date tenant executes a stipulated judgment in favor of County in pending unlawful detainer action, tenant pays a lease execution payment, and the mutual execution of the revenue lease through May 31, 2021, for Commercial Hangar No. 2 (F-340), consisting of approximately 44,060 square feet of hangar space, 7,098 square feet of shop space and 1,062 square feet of office space, at Chino Airport for the Department of Airports for total revenue in the amount of $290,580.
(Presenter: Terry W. Thompson, Director, 387-5252)
Body
COUNTY AND CHIEF EXECUTIVE OFFICER GOALS & OBJECTIVES
Operate in a Fiscally-Responsible and Business-Like Manner.
FINANCIAL IMPACT
Approval of this item will not result in the use of Discretionary General Funding (Net County Cost). The total revenue to be received by the Department of Airports (Airports) during this 10-month agreement is $290,580 and will be deposited into Airports budget (6315001000). Total revenue is as follows:
Period
Total Revenue
Commencement Date (approximately August 1, 2020) - May 31, 2021
$162,420
Lease Execution Payment
$128,160
Total Revenue
$290,580
BACKGROUND INFORMATION
The recommended action will provide for a new revenue Lease Agreement with SOCAL MRO LLC (SOCAL) for the use of approximately 44,060 square feet of hangar space, 7,098 square feet of shop space and 1,062 square feet of office space for a total of 52,220 square feet, known as Commercial Hangar No.2 (F-340), at the Chino Airport ...
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