To: Board of Supervisors
From: Greg Baer, Director of Airports
Report Title: Approval and Authorization to Execute a Lease with Buchanan Fields Golf Club, LLC to operate a drive-through and walk-up coffee/espresso and food business located at 2301 Meridian Park Boulevard, Concord (District IV).
?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 Buchanan Fields Golf Club, LLC, as Tenant, for 11,097 square feet of land, including a 96 square foot structure located at 2301 Meridian Park Boulevard, Concord, for a two-year term, at an initial monthly rent of $2,800 beginning April 1, 2025, with annual increases thereafter, and one five-year option to renew.
FISCAL IMPACT:
Following the six-month construction period rent of $300 per month, ending on March 31, 2025, the Airport Enterprise Fund will receive annual lease revenues of $33,600. Annual lease increases of 2.8% are built into the lease, resulting in a maximum annual lease amount of $38,387 in year seven of the lease. Additionally, the County's General Fund will realize an increase in sales tax and possessory interest taxes generated from this site during the duration of the lease.
BACKGROUND:
The property located at 2301 Meridian Park Boulevard is County owned property, managed by the Airports Division through its grant assurances with the Federal Aviation Administration. The site was previously developed and used as a drive-through coffee kiosk since the mid-1990's.
The site has been vacant for approximately four years, and for the past year Airports staff has been working with several interested parties to bring coffee and food back to the site. One of those potential lessors completed the land use permitting process with the County's Department of Conservation and Development in November 2023. While the Airport was unable to agree on lease ter...
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