To: Board of Supervisors
From: Greg Baer, Director of Airports
Report Title: Approve and Authorize the Director of Airports, or designee, to execute a Lease agreement at Buchanan Field Airport
☒Recommendation of the County Administrator ☐ Recommendation of Board Committee
RECOMMENDATIONS:
APPROVE and AUTHORIZE the Director of Airports, or designee, to execute a lease between the County, as Lessor, and TrexAir Aviation Academy, LLC, as Tenant, for 2,223 square feet of hangar space located at 145 John Glenn Drive, Concord, for a term of one year, at an initial rent of $1,467 per month, and annual rent escalators of 3%, beginning July 1, 2026. DELEGATE authority to the Director of Airports, or designee to terminate the agreement in accordance with the terms of the lease if deemed necessary. (100% Airport Enterprise Fund)
FISCAL IMPACT:
The Airport Enterprise Fund will receive annual ground lease rent totaling approximately $17,604. If Tenant exercises its option to extend the lease, rent will increase by 3% annually.
BACKGROUND:
The property located at 145 John Glenn Drive is County-owned property and was previously under lease with Sterling Aviation, which operated as a Fixed Base Operator (FBO). TrexAir Aviation Academy, LLC (TrexAir), was a subtenant of Sterling Aviation and operated a flight school. As of January 1, 2026, TrexAir is a direct lessee of the County and has requested to rent a portion of the building to maintain their flight school aircraft.
Key terms of the lease include a one-year term, with five options to extend the lease for a term of one year for each option. Each option period requires consent by the Director of Airports. Initial monthly rent will be $1,467 and will escalate annually by 3%. This will help offset some of the income due to the loss of the former lessee.
CONSEQUENCE OF NEGATIVE ACTION:
The Airport Enterprise Fund and General Fund would not realize the anticipated revenue generated by this lease.