HomeMy WebLinkAbout163-15 RESOLUTION113 West Mountain Street
Fayetteville, AR 72701
(479) 575-8323
Resolution: 163-15
File Number: 2015-0401
ARNOLD L. HOLLINGSWORTH LEASE AGREEMENT:
A RESOLUTION TO APPROVE A TWO YEAR LEASE AGREEMENT WITH ARNOLD L.
HOLLINGSWORTH FOR THE HANGAR LOCATED AT 4568 S. SCHOOL AVENUE AND
OFFICE SPACE IN THE AIRPORT TERMINAL BUILDING IN THE AMOUNT OF $4,687.00
PER MONTH
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE,
ARKANSAS:
Section 1: That the City Council of the City of Fayetteville, Arkansas hereby approves a two
year lease agreement, a copy of which is attached to this Resolution, with Arnold L.
Hollingsworth for the hangar located at 4568 S. School Avenue and office space in the Airport
Terminal building in the amount of $4,687.00 per month.
PASSED and APPROVED on 9/15/2015
Page 1
Attest:
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Sondra E. Smith, City Clerk Treasurer
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Printed on 9116115
City of Fayetteville, Arkansas 113 West Mountain Street
Fayetteville, AR 72701
^yam (479) 575-8323
Text File
File Number: 2015-0401
Agenda Date: 9/15/2015 Version: 1 Status: Passed
In Control: City Council Meeting File Type: Resolution
Agenda Number: A. 8
ARNOLD L. HOLLINGSWORTH LEASE AGREEMENT:
A RESOLUTION TO APPROVE A TWO YEAR LEASE AGREEMENT WITH ARNOLD L.
HOLLINGS WORTH FOR THE HANGAR LOCATED AT 4568S. SCHOOL AVENUE AND
OFFICE SPACE IN THE AIRPORT TERMINAL BUILDING IN THE AMOUNT OF $4,687.00 PER
MONTH
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE,
ARKANSAS:
Section 1: That the City Council of the City of Fayetteville, Arkansas hereby approves a two year lease
agreement, a copy of which is attached to this Resolution, with Arnold L. Hollingsworth for the hangar
located at 4568S. School Avenue and office space in the Airport Terminal building in the amount of
$4,687.00 per month.
City of Fayetteville, Arkansas Page 1 Printed on 911812015
City of Fayetteville Staff Review Form
Legistar File ID
9/15/2015
City Council Meeting Date - Agenda Item Only
N/A for Non -Agenda Item
John J Roscoe 8/25/2015 Aviation /
Transportation Services Department
Submitted By Submitted Date Division / Department
Action Recommendation:
A Resolution to approve a Lease Agreement with Arnold L. Hollingsworth, PO Box 31, Greenland, AR, 72737, 479-
366-8090, alhollingsworth@gmail.com, for the large hangar known as 4568 S School and terminal office space,
signature of the Mayor attested to by the City Clerk.
Budget Impact:
NA Airport
Account Number
NA
Project Number
Budgeted Item? NA
Current Budget
Funds Obligated
Current Balance
Fund
(m
Project Title
Does item have a cost? NA Item Cost
Budget Adjustment Attached? NA Budget Adjustment
Remaining Budget
V20140710
Previous Ordinance or Resolution #
Original Contract Number: Approval Date:
Comments:
CITY OF
IrayVI
S
MEETING OF SEPTEMBER 15, 2015
TO:
Mayor and City Council
THRU:
Don Marr, Chief of Staff
Staff/Contract Review Committee
Terry Gulley, Transportation Director
FROM:
John J. Roscoe, Airport Director
DATE:
8/26/15
CITY COUNCIL AGENDA MEMO
SUBJECT: Airport Lease — Arnold Hollingsworth
Legistar Item # 2015-0401
RECOMMENDATION:
Staff requests a Resolution to approve a Lease Agreement with Arnold L. Hollingsworth, PO Box 31,
Greenland, AR 72737, 479-366-8090, alhollingsworth@gmaii.com, for the large hangar known as 4568 S
School, signature of the Mayor attested to by the City Clerk.
BACKGROUND:
The Airport owns a large hangar that is currently being used as the Fixed Base Operation (FBO) community
hangar renting space in the hangar by the day and by the month to both itinerant flyers and local, Drake Field—
based customers.
The Airport also owns another, somewhat smaller and currently vacant hangar.
DISCUSSION:
Arnold Hollingsworth wishes to start an aviation -related business at Drake Field repairing, calibrating and
selling avionics equipment and performing other specialized maintenance for helicopters. Helicopters have a
large footprint so the Airport proposed leasing the 18,750 sq. ft. FBO hangar for his operation. Additionally,
Hollingsworth will rent 474 sq. ft. of unused office space in the Terminal building.
Another hangar, formerly leased by the SkyVenture flight school, is vacant. Though smaller at 9600 sq. ft.,
the hangar has sufficient capacity at this time for the FBO's overnight and long term aircraft storage needs.
BUDGET/STAFF IMPACT:
The lease will provide $4687.00 per month, or $56,244 in annual revenue to the Airport Fund. The FBO
operation is then able to utilize the vacant hangar to generate revenue.
Attachments:
SRF, SRM,
Lease Agreement
tiling Address:
3 W. Mountain Street wkAw.fayetteville-ar.gov
retteville, AR 72701