On May 1, 2018, through Mayor and Council Communication (M&C C-28674), City Council approved the acceptance of a Texas Department of Transportation Aviation Division grant for the design and construction of the Midfield Redevelopment Project at Fort Worth Meacham International Airport (Airport).
This project will remove the failed infrastructure encompassed in the closed Runway 9/27 corridor so as to redevelop the area in accordance with the Airport's Master Plan and Airport Layout Plan. The redevelopment of the midfield area will create new taxiways that will stimulate hangar development opportunities and provide increased economic viability for the Airport through lease revenue and fuel flowage fees. Delta Aeronautics, Inc., (Delta) currently holds the existing 4N Lease (CSC No. 46347). In order to facilitate the required clearance to construct the new Taxiway G, it is necessary to reduce the southwest boundary of the current ground lease space by approximately 6,615 square feet. In recognition of the reduction in ground space the City has agreed to offer Delta approximately 5,085 square feet of ground space on the northwest boundary of the current ground lease space. As a result, a new survey was completed on October 17, 2018, for Lease Site 4N, amending the current ground space from approximately 106,292 square feet to approximately 104,762 square feet. Under the terms of this amendment, Delta will pay annual rent for the "Ground" the sum of $39,264.80, at the current Lease rate of $0.3748 per square foot, payable in equal monthly installments of $3,272.07.
All other terms and conditions of the Lease shall remain in full force and effect.
The property is located in COUNCIL DISTRICT 2.
|
