DEPARTMENT
Department of Real Estate and Asset Management
REQUESTED ACTION (Identify appropriate Action or Motion, purpose, cost, timeframe, etc.)
title
Request approval of a Resolution approving a Ground Lease Agreement between Fulton County, Georgia and Brakkam Aviation Management, LLC, a Georgia limited liability company, jointly with The Integral Group, LLC, a Georgia limited liability company, for the purpose of formalizing rental terms for an airport site consisting of approximately 13.879 +/- acres at the Fulton County Executive Airport - Charlie Brown Field; authorizing the Chairman to execute a Ground Lease Agreement and related documents; authorizing the County Attorney to approve the Ground Lease and related documents as to form and make all necessary modifications thereto prior to execution. For 40 years, with two five-year option periods.
(HELD ON 4/14/21 AND 4/21/21) (APPROVED)
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REQUIREMENT FOR BOARD ACTION (Cite specific Board policy, statute or code requirement)
According to O.C.G.A. ?? 36-9-2 and 36-10-1, the Board of Commissioners has control of all property belonging to the County and all contracts entered into by the County shall be in writing and entered on its minutes.
STRATEGIC PRIORITY AREA RELATED TO THIS ITEM (If yes, note strategic priority area below)
Open and Responsible Government
COMMISSION DISTRICTS AFFECTED
All Districts ?
District 1 ?
District 2 ?
District 3 ?
District 4 ?
District 5 ?
District 6 ?
IS THIS A PURCHASING ITEM?
No
SUMMARY & BACKGROUND (First sentence includes Agency recommendation. Provide an executive summary of the action that gives an overview of the relevant details for the item.)
Scope of Work: The Department of Real Estate and Asset Management and the Airport Manager, with the assistance of the County Attorney, have negotiated mutually acceptable ground lease terms for an airport site consisting of approximately 13.879+/- acres with Brakkam Aviation Management, LLC and The Integral Group, LL...
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