Resolution 18-022 Approving a Five Year Sublease for Ravn-Corvus Airlines

CITY OF HOMER
HOMER, ALASKA

City Manager

RESOLUTION 18-022

A RESOLUTION OF THE CITY COUNCIL OF HOMER, ALASKA APPROVING A FIVE-YEAR SUBLEASE AT THE HOMER AIRPORT TERMINAL FOR RAVN ALASKA - CORVUS AIRLINES, AND AUTHORIZING THE CITY MANAGER TO EXECUTE THE APPROPRIATE DOCUMENTS.

WHEREAS, The current airport terminal sublease between the City and Ravn Alaska - Corvus Airlines expires on April 30, 2018; and

WHEREAS, Per Chapter 4 of the Property Management Policy and Procedures Manual, a Request for Proposal to lease airport terminal spaces was advertised in the local newspapers,  and the City’s website; and

WHEREAS, Ravn Alaska - Corvus Airlines has requested a new, 5-year, sublease (a DOT/PF limitation) at the existing rate of $114,044 annually to be paid in equal monthly installments of $9,541.15 per month, with annual Consumer Price Index adjustments; and

 WHEREAS, Ravn Alaska - Corvus Airlines is a tenant in good standing a provides valuable economic and transportation benefits to the community; and

WHEREAS, The City Administration have evaluated the relevant facts and determined that it is to the best interest of the City to enter into a new lease with the current sublessee and it makes such a finding by resolution.

NOW, THEREFORE, BE IT RESOLVED that the City Council of Homer, Alaska hereby approves a new, five year sublease, through March 30, 2023 at the Homer Airport Terminal between the City and Ravn Alaska – Corvus Airlines  at a rate of $114,044 annually, and authorizes the City Manager to execute the appropriate documents.

                PASSED AND ADOPTED by the Homer City Council this 26th day of February, 2018.

CITY OF HOMER

 BRYAN ZAK, MAYOR

ATTEST:

MELISSA JACOBSEN, MMC, CITY CLERK

Fiscal note:  100-0045-4655  $114,044 annual rent, paid monthly