City Council Airport Committee Tuesday November 28, 2017 Approved Meeting Minutes After determining that a quorum is present, the Council Airport Committee of the Denton City Council convened in ai regular meeting on Tuesday November 28, 2017, at 10:01 a.m. in the City Hall, City Hall Conference Room at 215 E. McKinney St., Denton, Texas to consider the specific agenda items listed below: PRESENT: Mayor Chris Watts, and Councilman John Ryan. ABSENT: Councilmen Don Duff STAFF PRESENT: Mario Canizares, Assistant City Manager; Mark Nelson, Transportation Director; Trey Lansford, Deputy City Attorney; and Scott Gray, Airport Manager. OTHERS PRESENT: Joseph Cox, Mathew Markham, Nicholas Rourke-Smith, Jonathan Spencer Esmonde, Nicholas Angeli, Steven Mahathirath, Salvador Gonzalez, Vishakna Prasad, Chase Deatrick, Tyler Forer, Glory Nwankwo, and Sophie Moncaleano. 1. REGULAR MEETING A. CAC17-021 Receive a report, hold a discussion and make a recommendation to Denton City Council on a consent to Collateral Assignment of an. Airport Lease between US Trinity Holdings, LLC, and Guaranty Bank; and providing an effective date. Gray provided a recap oft the lease assignment from US Trinity Holdings, LLC was approved by City Council on October 17, 2017. Following the lease approval, Guaranty Bank requested from the City a Collateral Assignment of Leases for securing financing for the acquisition. Airport staff received the Collateral Assignment after the lease transfer went through to City Council. Guaranty Bank worked with the legal department with a number ofitems the Mayor Watts made ai motion to approve and recommend to City Council the Collateral Assignment ofLeases. A second was made by Chair Ryan. Motion city would approve. carried 2-0. B. CAC17-022 Receive a report, hold a discussion and make a recommendation to Denton City Council on the Mark Hicks Transport, LLC lease and to consider an assignment Gray provided an update on the Mark Hicks Transport, LLC lease. The lease is a 40 year lease with 38 years remaining on the lease. Gray indicated that Mr. Hicks is selling this hangar to Polygon Enterprises to facilitate the construction ofal larger facility on the Airport. Polygon Enterprises, Inc., currently operates one, corporate jet aircraft which is stored in a shared hangar environment tol Polygon Enterprises, Inc. City Council Airport Committee Minutes November 28, 2017 Page 2 operated by U.S. Jet Center. The assignment enables Polygon Enterprise to store Mayor Watts made a motion to approve and recommend to City Council the assignment of the lease to Polygon Enterprises, Inc. A second was made by their aircraft in a private hangar facility. Chair Ryan. The motion carried 2-0. C. CAC17-02 Receive a report, hold a discussion and provide staff direction on an updated Gray provided an update on the Airport Development Process. The Airport Airport Development Process. Development Guide was approved by City Council. The Airport Development Guide: effective for 90 days; Services within the 90 process. lease to City Council. Tenant or developer will fill out an application; the application will be The developer will provide a conceptual plan and work with Development A draft lease is provided within a 30 day period and a 60 day plan to take Chair Ryan stated, can Airport staff change these dates for an extended length oftime. Gray stated, Airport staffwould ask the tenant or developer to send Nelson stated, a fee structure will be provided at the next meeting with an Gray stated, staff would put a fee structure in place to make sure the developer Mayor Watts asked whether the non-refundable fee, is the fee applied to their first lease payment; or is this a non-refundable fee. Gray stated the tenant's first lease payment begins when the tenant receives a building permit. Mayor Watts stated, after looking at the steps, number one will need to be Nelson stated, staff will change 1,2 2 and 3 to change the wording of the fees. Mayor Watts made a motion to approve the Airport Development Process to City Council with the modifications. A second was made by Chair Ryan. The With no further business, the meeting was adjourned at 10:27 a.m. something in writing for the extension. ordinance. is serious about building on Airport Property. rewritten. motion carried 2-0. City Council Airport Committee Minutes November 28, 2017 Page 3 1A JOHN/RYAN COMMITTEE CHAIRMAN CITY OF DENTON, TEXAS JULIE MALLINS RECORDING SECRETARY