HomeMy WebLinkAbout75-15 RESOLUTIONRESOLUTION NO. 75-15
A RESOLUTION TO APPROVE A THREE YEAR LEASE AGREEMENT
WITH MAXSURGE HEALTHCARE SOLUTIONS, INC. FOR THE AIRPORT
HANGAR AT 4580 SOUTH SCHOOL AVENUE FOR A RENT OF $2,893.00
PER MONTH TO BEGIN RETROACTIVELY ON MARCH 1, 2015
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
three year lease agreement with MaxSurge Healthcare Solutions, Inc., a copy of which is
attached to this Resolution and made a part hereof, for the airport hangar at 4580 South School
Avenue for a rent of $2,893.00 per month to begin retroactively on March 1, 2015.
PASSED and APPROVED this 7' day of April, 2015.
n nnv nXrT7n.
ATTEST:
SONDRA E. SMITH, City Clerk
FRYE-FrEVILLE •' =
City of Fayetteville, Arkansas 113 West Mountain Street
Fayetteville, AR 72701
p - (479) 575-8323
Text File
File Number: 2015-0148
Agenda Date: 4/7/2015 Version: 1 Status: Passed
In Control: City Council Meeting File Type: Resolution
Agenda Number: A. 9
NIAXSURGE HEALTHCARE SOLUTIONS, INC - AIRPORT HANGAR
A RESOLUTION TO APPROVE A THREE YEAR LEASE AGREEMENT WITH MAXSURGE
HEALTHCARE SOLUTIONS, INC. FOR THE AIRPORT HANGAR AT 4580 SOUTH SCHOOL
AVENUE FOR A RENT OF $2,893.00 PER MONTH TO BEGIN RETROACTIVELY ON MARCH
1, 2015
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 three year lease
agreement with MaxSurge Healthcare Solutions, Inc., a copy of which is attached to this Resolution and
made a part hereof, for the airport hangar at 4580 South School Avenue for a rent of $2,893.00 per
month to begin retroactively on March 1, 2015.
City of Fayetteville, Arkansas Page 1 Printed on 1011312015
City of Fayetteville Staff Review Form
2015-0148
Legistar File ID
4/3/2015
City Council Meeting Date - Agenda Item Only
N/A for Non -Agenda Item
John Roscoe 3/11/2015 Aviation /
v Transportation Services Department
Submitted By Submitted Date Division/ Department
Action Recommendation:
Approval and signature of the Mayor on a three-year lease with MaxSurge Healthcare Solutions, Inc., c/o Dr. Scott
Bolding, 5229 St. Andrews Drive, Fayetteville, AR 72704, 479-957-4611, Cody@maxsurge.com
NA
Account Number
NA
Project Number
Budgeted item? NA
Budget Impact:
Current Budget
Funds Obligated
Current Balance
Does item have a cost? NA Item Cost
Budget Adjustment Attached? NA Budget Adjustment
Remaining Budget
Airport
Fund
NA
Project Title
S
V20140710
Previous Ordinance or Resolution #
Original Contract Number:
Comments: Will provide $34,716 annual revenue to the Airport.
Approval Date: il—L
CITY OF
1 7%Vle ay AS
MEETING OF APRIL 7, 2015
TO: Mayor and City Council
CITY COUNCIL AGENDA MEMO
THRU: Don Marr, Chief of Staff
Staff/Contract Review Committee
Terry Gulley, Transportation Director
FROM: John Roscoe, Airport Directo&____�
DATE: 3111115
SUBJECT: Airport Corporate Hangar Lease — MaxSurge Healthcare Solutions, Inc.
Legistar Item # 2015-0148
RECOMMENDATION:
Review and signature of the Mayor.
BACKGROUND:
The hangar located at 4580 S School Ave., is currently vacant. The former tenant, NFlight
Technologies, vacated the hangar at the end of 2014. NFlight had several sub -lessees who
continued paying rent to the Airport through February 2015.
MaxSurge Healthcare Solutions, Inc. is a healthcare consulting company who wishes to lease
the entire hangar for their aviation department. They anticipate growth in the future including
acquisition of additional aircraft. They currently operate a business class jet.
DISCUSSION:
The Airport recently conducted a rate study to determine a market rental rate for hangars and
offices at the Airport. The market rate for large "corporate hangars" was determined to be $3.00
— 3.50 sq ft per year. The Airport has offered MaxSurge the hangar at the rate, 3.25 sq ft, for
three years. At the expiration of the lease term, the lease rate will be re-evaluated and a new
lease negotiated.
BUDGET/STAFF IMPACT:
The building lease will provide $2,893 per month or $34,716 annual revenue to the Airport.
Attachments:
SRF, SRM,
Lease
Mailing Address:
113 W. Mountain Street www.fayetteville-ar.gov
Fayetteville, AR 72701