TO: Mayor and Members of City Council
THRU: Karen M. McDonald, City Attorney
Telly Whitfield, Assistant City Manager
FROM: Kecia N. Parker, NCCP
Alvester T. (Toney) Coleman, PhD, A.A.E.
DATE: June 13, 2022
RE:
Title
Approval of Proposed Leases for Avis Rent A Car System, LLC, Budget Rent A Car System, LLC, Enterprise Leasing Company Southeast, LLC, Enterprise Leasing Company, Southeast d/b/a National/Alamo, ILM Transportation, Inc. and The Hertz Corporation, and Sierra Nevada Corporation,Their Successors or Assigns at the Fayetteville Regional Airport
end
COUNCIL DISTRICT(S):
Council District(s)
All
b
Relationship To Strategic Plan:
Goal II - Responsive City Government Supporting a Diverse and Viable Economy-Have a strong, diverse, and local viable economy
Objective 2.1 - To ensure a diverse tax base
Goal IV - Desirable Place to Live, Work and Recreate
Objective 4.1 - To maintain public transportation investments with high quality transit and airport services
Executive Summary:
I: Avis Rent A Car System, LLC, Budget Rent A Car System, LLC, Enterprise Leasing Company Southeast, LLC, Enterprise Leasing Company, Southeast dba National/Alamo, The Hertz Corporation, and ILM Transportation, Inc. have leased parking spaces and indoor office/counter space from the Fayetteville Regional Airport. The current leases were established in 2016 and are currently being updated. The term of the leases coincides with the new fiscal year (July 1st) and will be for an initial five-year term with an option to extend for one additional five-year term.
II: Sierra Nevada Corporation currently leases all of the former Air Cargo building at 3139 Doc Bennett Road and has leased said premises since June 1, 2005. The new lease term begins July 1, 2022 and will be for an initial two-year term with an option to extend for two additional two year terms.
Background:
The mission and goal of the Fayetteville Regional Airport (FAY) is to provide safe and effi...
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