REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF THE COUNTY OF SAN BERNARDINO
AND RECORD OF ACTION
November 17, 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 for the Department of Airports at Chino Airport
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 entered in favor of County in pending unlawful detainer action, tenant pays a lease execution payment, and the mutual execution of the revenue lease (expected to occur on November 17, 2020) 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, for the Department of Airports at Chino Airport for total revenue in the amount of $307,018 (Four votes required).
(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 approximate six and one-half month agreement is $307,018 and will be deposited into Airports budget (6315001000). Total revenue is as follows:
Period
Total Revenue
December 1, 2020 (expected) - May 31, 2021
$ 97,452
Lease Execution Payment
$209,566
Total Revenue
$307,018
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 5...
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