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CITY COUNCIL AGENDA TRANSMITTAL
Council Meeting Date: September 27, 2023
Agenda Item Title: Approval of Lease with PROFLIGHT MANAGEMENT, LLC for Hangar `D'
at the Sebastian Municipal Airport and authorization for the City Manager to
execute all appropriate documents.
Recommendation: Staff recommends City Council approve a twenty (20) year new tenant lease with
PROFLIGHT MANAGEMENT, LLC for Hangar "D" at the Sebastian
Municipal Airport and authorize the City Manager to execute all appropriate
documents.
Background:
Hangar "D" was officially completed and accepted on May 12, 2023 by the City of Sebastian. The City's
primary goal has been to lease the entire building, hangar bays and office spaces to a single tenant. Toward
that end, Staff is recommending entering into a lease with PROFLIGHT MANAGEMENT, LLC .
PROFLIGHT is owned by Stephen Fisher, a current tenant at Sebastian Municipal Airport, operating as the
Fixed Base Operator for fuel sales, maintenance, and transient traffic customers, along with their flight
training school. They have committed to leasing the entire Hangar "D" facility to secure their future growth
and operational needs as well as entering into a Shared Construction Cost Agreement in order to share the
costs of funding additional construction on the Leasehold Premises.
The Shared Construction Cost Agreement covers the necessary costs for the office space build -out of Hangar
"D", which is funded by Florida Department of Transportation Grant 449620-1. The offices must be
completed to make the building eligible for a Certificate of Occupancy. In this 80/20 grant for $400,000, the
20% portion will be borne solely by the tenant by making an upfront payment for 8 months of rent at the time
the lease documents are executed.
Staff is requesting authorization for approval of a twenty (20) year new tenant lease by PROFLIGHT
MANAGEMENT, LLC for Hangar "D" at the Sebastian Municipal Airport and associated Shared
Construction Cost Agreement as well as authorization for the City Manager to execute all appropriate
documents.
If Agenda Item Reauires Exoenditure of Funds:
Budgeted Amount: No expenditure of City funds required.
Total Cost: $400,000
Funds to be Utilized: $320,000 DOT Grant
$ 80,000 PROFLIGHT MANAGEMENT, LLC
Attachments:
1. Hangar D Lease Agreement
2. Shared Construction Cost Agreement
Administrative Services Department Review:
City Attorney Review::
Procurement Division Rt4iew, i a lica / /
i pp ble: N l /q