On August 10, 2015, the Council approved the Limited Commercial Aviation Building and Ground Lease with Alpine Aviation, Inc., doing business as (DBA) Big Sky Ground Support Industries (BSGS), for the 2,033.05 square feet in the IP-12 Building in the Airport Business Park, and additional 523.79 square feet of space in the basement of the Terminal Building.  The new Lease commenced August 1, 2015 and expires July 31, 2017.  The two-year term coincides closely with the term of Alpine Aviation's Lease on the IP-5 hangar.  Amendment One was approved on November 16, 2015 removing the DBA identity.  The space in the basement of the Terminal Building is needed for the restroom/concession remodel project presently underway on Concourse B.  Staff has worked with Alpine Aviation, Inc. on identifying an alternative space in the Terminal basement that will be suitable for Alpine Aviation, Inc.'s operations.  The change in space requires an amendment to the Lease.  Amendment Two changes only the Terminal space by removing the current 523.79 square foot space in the basement of the Terminal and replacing it with a new 1,029.42 square foot space.  A copy of the Amendment is on file in the City Clerk's Office.
 

City Council may:

• Approve, Amendment Two to the Limited Commercial Aviation Building and Ground Lease with Alpine Aviation, Inc. amending the leased spaced, or
• Disapprove Amendment Two to the Limited Commercial Aviation Building and Ground Lease with Alpine Aviation, Inc. amending the leased space.

The initial year of this amended space will generate an additional $5,106.63 for an annual total of $18,098.16 of rental revenue for the Airport.  The subsequent year's rental rate will be adjusted using the Department of Labor Consumer Price Index for Urban Consumers (CPI-U), published by the Bureau of Labor Statistics.
 

Staff recommends that City Council approve Amendment Two to the Limited Commercial Aviation Building and Ground Lease with Alpine Aviation, Inc.