20250514-009 T-Hangar Signature Flight Amendment RCA — original pdf

Backup

City of Austin Recommendation for Action File #: 25-0806, Agenda Item #: 5/22/2025(cid:4) Posting Language Ratify an amendment to the Austin-Bergstrom International Airport General Aviation Facility Management Agreement with Signature Flight Support, LLC to add one additional year to the term, effective March 1, 2025, and the obligation for Signature Flight Support, LLC to provide completed quarterly inspection reports. Funding: $144,579 is available in the Fiscal Year 2024-2025 Operating Budget of the Department of Aviation. Lead Department Aviation Fiscal Note Funding in the amount of $144,579 is available in the Fiscal Year 2024-2025 Aviation Department Operating Budget. Prior Council Action: December 13, 2001 - Council authorized the execution of a Management Agreement with Signature Flight Support Corporation to manage for the Department of Aviation 54 City-owned, general aviation aircraft hangars at Austin- Bergstrom International Airport; Resolution No. 011213-22. For More Information: Inquiries should be directed to Tracy Thompson, Airport Chief Officer - Business & External Affairs at tracy.thompson@flyaustin.com <mailto:tracy.thompson@flyaustin.com>, 512-530-5023. Council Committee, Boards and Commission Action: To be reviewed by the Austin Airport Advisory Commission on May 14, 2025. Additional Backup Information: Under the current Austin-Bergstrom International Airport General Aviation Facility Management Agreement (Agreement) with Signature Flight Support, LLC (Signature), Signature manages and operates certain T-Hangar facilities at the airport. As its management fee and in full compensation for its performance of obligations, Signature retains fifty percent of all gross income billed by Signature to tenants under the rental agreement of each occupied T-Hangar unit. The Agreement’s third amendment extended the term two years beginning March 1, 2023, and ending February 28, 2025. On March 1, 2025, the Fourth Amendment to the Agreement was executed to add the obligation to Signature to provide quarterly inspection reports for each of the T-Hangar units and to extend the term by one year beginning March 1, 2025, and ending on February 28, 2026, subject to consideration and approval by the City Council. City of Austin Page 1 of 1 Printed on 4/22/2025 powered by Legistar™ (cid:5) (cid:6)