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2 results for “aviation infrastructure” · proposal

  • 22-1278: A bill for an ordinance approving a proposed Agreement between the City and County of Denver and Aviation Station North Metropolitan District No. 1, concerning a designated portion of infrastructure design and construction costs for Panasonic Way within Peña Station Next and partially located on land owned by Denver International Airport. Approves an intergovernmental agreement with Aviation Station North Metropolitan District No. 1 for $535,301 and through 12-31-2023 for Denver International Airport’s designated portion of infrastructure design and construction costs for Panasonic Way, partially located within Denver International Airport boundaries in Council District 11 (202264250). The last regularly scheduled Council meeting within the 30-day review period is on 11-14-2022. The Committee approved filing this item at its meeting on 10-12-2022.

    Oct 3, 2022

    ·Denver, CO
    Proposal
    Source

  • Agenda Information Sheet

    Dallas, TX
    Proposal

This document authorizes the City of Dallas Department of Aviation to terminate two existing leases with Regal Assets, LLC (formerly Associated Air Center, Inc.) at Dallas Love Field Airport and consolidate them into a single 30-year lease with two five-year renewal options. The consolidated lease encompasses approximately 1,092,273 square feet combining the two prior leases: one dating from July 11, 1984 covering 408,962 square feet, and another from April 1, 1994 covering 683,311 square feet. The new consolidated lease requires Regal Assets to make a capital investment of $5,000,000 within 36 months and generates estimated revenue of $97,744,973.83 over the primary term, offsetting $7,230,158.80 in foregone revenue from terminating the existing leases. The agenda item was scheduled for February 27, 2019, and falls under the City's strategic priority of Mobility Solutions, Infrastructure, and Sustainability.

AI summary

airport leaseaviation infrastructurecapital investment
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