ITEM TITLE:
#23-74 - Authorizing an Airport Terminal Building Sublease with Alaska Wing Civil Air Patrol
SUBMITTED BY: Sheri L. Pierce, MMC, City Clerk
FISCAL NOTES:
Expenditure Required: NA
Unencumbered Balance: NA
Funding Source: NA
RECOMMENDATION:
Approve airport terminal building lease.
SUMMARY STATEMENT:
Alaska Wing Civil Air Patrol has applied for an airport terminal sublease consisting of 1,029.6 square feet of tower office at the Valdez Airport Terminal building. Alaska Wing Civil Air Patrol is a non-profit organization and has requested to lease the space at an annual rental fee of $1. The City may lease for less than fair market value to any state or federal agency or political subdivision, a public utility, a nonprofit organization, or to a new industry on terms advantageous to the public welfare of the city if the council by motion passed by not less than six council members determines the lease to be in the best interest of the public. Due to the requested discounted rent, the approval of this lease requires an affirmative vote of not less than six City Council members.