On October 12, 2004, Philip O. Petrik DBA Richland Aviation entered into a new twenty-year West End Hangar Ground Lease with the City of Billings for a parcel in Township 1 North, Range 25 East, Section 25; said parcel containing 11,475 square feet.  Mr. Petrik subsequently built a 125 foot by 60 foot hangar on the leased parcel, located at 2711 Overlook Drive.  Mr. Petrik resides in Sidney, Montana, and has a freight hauling contract with UPS at the Billings Airport, flying UPS packages to a number of smaller Montana communities. Mr. Petrik desires to change the Lessee's name on this Lease.  This Assignment and Transfer will formally transfer the Lease from Philip O. Petrik DBA Richland Aviation to Richland Aviation, Inc.

The City Council may:

• Approve the Assignment and Transfer of the West End Hangar Ground Lease from Philip O. Petrik DBA Richland Aviation to Richland Aviation, Inc.; or
• Not approve the Assignment and Transfer of the West End Hangar Ground Lease from Philip O. Petrik DBA Richland Aviation to Richland Aviation, Inc.

There is no financial impact from this action. The name on the Lease is all that changes with this Assignment and Transfer; all other terms and conditions remain in full force and effect until September 30, 2024, the expiration date of the Lease.

Staff recommends that the City Council approve the Assignment and Transfer of the West End Hangar Ground Lease from Philip O. Petrik DBA Richland Aviation to Richland Aviation, Inc.