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Agenda 03/08/2016 Item #16G 1 3/8/2016 16.G.1. EXECUTIVE SUMMARY Recommendation to approve the attached Collier County Airport Authority (Authority) Standard Form Lease Agreement with RTH Enterprise, Inc., and associated Sublease Arrangement with West Coast Karting,Inc. OBJECTIVE: To enter into a lease agreement with RTH Enterprise, Inc. for IHRA Sanctioned Drag Racing, and approve a sublease arrangement with West Coast Karting, Inc. for go cart operations, on approximately 41.14 acres of land at the Immokalee Regional Airport, pending Federal Aviation Administration (FAA) approval. CONSIDERATIONS: In April, 1999, the Authority entered into a license agreement with RTH Enterprise, Inc. (RTH), for the temporary/interim use of property within the Immokalee Regional Airport as an "IHRA" Sanctioned Drag Racing Strip. Since that time, the Authority entered into two separate amendments to extend and revise the various lease terms. On November 18, 2014 (Agenda Item14A3), the Board of County Commissioners (Board) provided direction to the Airport to negotiate a new Lease Agreement with RTH to address concerns regarding the insurance requirements, leasehold footprint, safety plan, FAA airspace/approval, and code/permitting issues. The Authority, in collaboration with Risk Management, Growth Management Code Enforcement, Real Property, and the County Attorney's Office developed the attached Lease Agreement to address these concerns. The term of the lease is sixty (60) months with a sixty (60) day early-termination provision per FAA land-use regulations. The lease boundaries include the entire closed Runway 4-22, the bath house and areas of concession and other revenue generating areas of operations. The initial land lease rate is $2,500 per month,plus applicable sales taxes. In addition to the land lease rate, Lessee will pay an annual commercial operating fee per the currently approved rates and fees (currently $200 annually), plus applicable sales taxes. The Lessee will also pay the Airport Authority fifty percent (50%) of gross revenues derived from advertising concessions, plus applicable taxes, and a $5,000 refundable deposit(already paid by the Lessee in 1999). FISCAL IMPACT: Rent revenue, the annual operating fee, advertising fees, and all applicable taxes shall be deposited in the Airport Authority operating Fund (495), Immokalee Regional Airport Cost Center(192330). LEGAL CONSIDERATIONS: This item is approved for form and legality and requires a majority vote for Board approval. —JAB GROWTH MANAGEMENT IMPACT: There is no growth management impact associated with this Executive Summary. Packet Page-1019- 3/8/2016 16.G.1 . RECOMMENDATION: To approve and authorize the Chairman to sign the attached Collier County Airport Authority Standard Form Lease Agreement with RTH Enterprise, Inc. and associated Sublease Arrangement with West Coast Karting, Inc. Prepared by: Justin Lobb, Airport Manager, Collier County Airport Authority Attachment: 1. RTH Enterprise, Inc. Lease Agreement http://apps3.colliereov.net/agenda/ftp/2016BCCMeetinms/A gendaMarch0816/GrowthMamt/RT H Enterprise Lease CAO stamp-final.pdf Packet Page -1020- 3/8/2016 16.G.1. COLLIER COUNTY Board of County Commissioners Item Number: 16.16.G.16.G.1. Item Summary: Recommendation to approve the attached Collier County Airport Authority (Authority) Standard Form Lease Agreement with RTH Enterprise, Inc., and associated Sublease Arrangement with West Coast Karting, Inc. Meeting Date: 3/8/2016 Prepared By Name: BrueggemanDebra Title: Operations Coordinator,Airport Authority 1/25/2016 4:20:13 PM Submitted by Title: Manager-Airport,Airport Authority Name: LobbJustin 1/25/2016 4:20:15 PM Approved By Name: ShueGene Title: Division Director-Operations Support, Growth Management Department Date: 2/10/2016 10:03:55 AM Name: ShueGene Title: Division Director-Operations Support, Growth Management Department Date: 2/10/2016 10:05:41 AM Name: LobbJustin Title: Manager-Airport,Airport Authority Date: 2/11/2016 10:39:58 AM Name: BelpedioJennifer Title: Assistant County Attorney, CAO General Services Date: 2/18/2016 9:39:40 AM Packet Page -1021- 3/8/2016 16.G.1 . Name: MarcellaJeanne Title: Executive Secretary,Transportation Administration Date: 2/22/2016 8:22:48 AM Name: IsacksonMark Title: Division Director-Corp Fin&Mgmt Svc, Office of Management&Budget Date: 2/24/2016 8:54:28 AM Name: WalkerJeff Title: Division Director-Risk Management, Risk Management Date: 2/24/2016 11:22:58 AM Name: KlatzkowJeff Title: County Attorney, Date: 2/25/2016 11:10:29 AM Name: CasalanguidaNick Title: Deputy County Manager, County Managers Office Date: 2/28/2016 4:26:33 PM Packet Page -1022-