Mutual Help List, Ground Lease Survey

[TODD MCDONALD <tmcdonald@xxxxxxxxxxxxxxxxxxxxxxx>]

John-

Our listed percentage in the lease docs are; 2% on gross receipts for
aircraft service or maintenance (requires designation as special FBO) and
10% on aircraft storage fees.  General FBO pay 2% on storage fees because we
get 2% of all his gross receipts above $420,000 (fuel flowage fees extra).
Aircraft sales are excluded but will be part of lease negotiations.

Todd

-----Original Message-----
From: John Lawson [mailto:jlawson@xxxxxxxxxxxxxxxxxxxx]
Sent: Tuesday, January 13, 2004 8:24 AM
To: help@xxxxxxxxxxxxxxxxxxxxxx
Subject: Re: CAA: Mutual Help List, Mutual Help List, Ground Lease Surve
y


Todd:  Just curious, what are you getting for percentage of the receipts?

John Lawson, A.A.E.
Airport Manager
Grosse Ile Municipal Airport, MI

TODD MCDONALD wrote:
> Jeff - We did a combination of most of what has been discussed.  We 
> started with an appraisal of the property and factored in what it cost 
> us to get the sites ready to market, including utilities and access 
> improvements.  We also factored in the cost to resurface the taxilanes 
> in 15 years (most are 20 year leases).  Our ground lease rates range 
> from a little over $3 a sf for a corporate hangar site to about $2 /sf 
> for T-hangar sites that can accommodate a small twin if that is what the 
> lessee chooses to do (increased hangar width reduces the number of 
> units).  In addition to the ground rent, we receive a percent of 
> the receipts collected for aircraft storage.  We made the first sites 
> available in 2001 and are about 50% leased and 1/3 constructed.  We are 
> a busy GA airport south of Birmingham, Alabama.
> 
> Todd L. McDonald, AICP
> Planning Services Supervisor
> Shelby County Department of Development Services
> 1123 County Services Drive
> Pelham, Alabama 35124
> 205.620.6650 (tel)
> 205.620.6630 (fax)
> tmcdonald@xxxxxxxxxxxxxxxxxxxxxxx
> 
> Visit us on the World Wide Web at www.shelbycountyalabama.com
> 
> "The opinions expressed here are my own and do not necessarily represent 
> those of the County Commission, County Government or Elected Officials."
> 
>  
> -----Original Message-----
> From: BThomp129@xxxxxxx [mailto:BThomp129@xxxxxxx]
> Sent: Tuesday, January 13, 2004 6:55 AM
> To: help@xxxxxxxxxxxxxxxxxxxxxx
> Subject: Re: CAA: Mutual Help List, Mutual Help List, Ground Lease Survey
> 
> Jeff, you need to consider a cost recovery formula as well as the lease 
> terms. Land is the way you support yourself, and as others have 
> indicated, just using a comparison is not the best method in and of
itself.
>  
> Establishing rates at an airport is much more complex than doing just a 
> comp airport study, or only an appraisal, or only a cost recovery. It 
> should be a combination of all those with an understanding of how your 
> airports lease terms impact the overall rates established. Rates should 
> also be cognizant of a rates and charges policy and/or historical 
> procedures.
>  
> Tell Jackie hello for me.
>  
>  
> Bobbi Thompson
> Airport Business Solutions
> 17040 Pleasure Road
> Cape Coral, FL 33909
> Ph. 239-573-9647
> FAX 239-573-9648
> 
> ###########################################
> 
> This message has been scanned by F-Secure Anti-Virus for Microsoft
Exchange.
> For more information, connect to http://www.F-Secure.com/
> 


   Find past Mutual Help topics in the CAA Help Forum
http://www.californiaaviation.org/dc/dcboard.php

*****************************************