Regular Items 6.
Legal Committee
- Meeting Date:
- 01/22/2026
COMMITTEE:
Legal
CONTACT:
Hessel Yntema
CHAIR:
Will Cavin
ACTION REQUESTED:
Consider recommending approval of AerSale, Inc. to enter into a 10-year lease beginning October 1st, 2025, and ending September 30, 2035, for Hangar No. 85 at the Roswell Air Center. (Bobbi Thompson)
BACKGROUND:
Initiated by: Bobbi Thompson
AerSale, Inc requests to enter into a 10-year lease for Hangar No. 85, consisting of 101,223 square feet, more or less, located at the Roswell Air Center, commencing on October 1, 2025, and ending September 30, 2035.
AerSale, Inc requests to enter into a 10-year lease for Hangar No. 85, consisting of 101,223 square feet, more or less, located at the Roswell Air Center, commencing on October 1, 2025, and ending September 30, 2035.
FINANCIAL CONSIDERATION:
Tenant agrees to pay the Landlord as rent the sum of two hundred forty-three thousand nine hundred forty-seven dollars and forty-three cents ($243,947.43) payable in 12 monthly installments of $20,328.95, for Hangar No. 85.
LEGAL REVIEW:
City Attorney has reviewed this lease.
BOARD AND COMMITTEE ACTION:
Legal Committee will be the first to consider this item.
STAFF RECOMMENDATION:
Staff recommends to proceed as presented.