PLACEMENT: Departmental
TITLE:
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APPROVAL OF A SHORT-TERM LEASE AGREEMENT WITH PRECISION JET CENTER, LLC, FOR PARCEL C AT THE MARTIN COUNTY AIRPORT/WITHAM FIELD
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EXECUTIVE SUMMARY:
executive summary
This is a request for approval of a Short-Term Lease Agreement of Parcel C at the Martin County Airport/Witham Field between Martin County and Precision Jet Center, LLC, a Florida corporation.
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DEPARTMENT: Public Works
PREPARED BY: Name: Carla T. Segura, FRP
Title: Real Property Manager
REQUESTED BY: Precision Jet Center, LLC and Martin County Airport
PRESET:
PROCEDURES: None
BACKGROUND/RELATED STRATEGIC GOAL:
Lease Drafted by: Martin County
Parties to the Lease: Martin County, Lessor
Precision Jet Center, LLC, Lessee
Purpose of the Lease: Provide for short term use of Parcel C while an RFP is being
prepared for bid.
New/Renewal/Modified: New
Duration: 6 months with one renewal period of 6 months with notification
Benefits to the County: Monthly rent until an RFP can be bid and awarded
Cost to the County: None
This is a proposed Short-Term Lease Agreement of Parcel C at the Martin County/Witham Field (Airport) for temporary use by Precision Jet Center, LLC (Precision Jet).
Parcel C contains a Quonset hut and is adjacent to a taxiway. Parcel C is located between two different parcels, specifically, Parcel A that contains Hangar No. 3 and Parcel B that is presently vacant land, both of which Precision Jet currently leases from County pursuant to a separate long-term lease that was awarded to Precision Jet after competitive bidding.
Since 1999, Precision Jet's affiliate Jet Team International, Inc., has subleased Parcel C from Triumph Aerostructures, LLC (Triumph), and during this time, Jet Team International has provided aviation maintenance and repair services from Parcel C.
Triumph is seeking to turnback Parcel C to the County; contemporaneous with this agenda item is an agenda item for ...
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