20260211-007 Signature facility management agreement amendment — original pdf

Backup

City of Austin Recommendation for Action File #: 26-1073, Agenda Item #: 3. 2/26/2026(cid:4) Posting Language Authorize negotiation and execution of an amendment to the Austin-Bergstrom International Airport General Aviation Facility Management Agreement with Signature Flight Support, LLC to add one year to the term, effective March 1, 2026. Funding: $143,255 is available in the Fiscal Year 2025-2026 Operating Budget of Austin Aviation. Lead Department Austin Aviation Fiscal Note Funding in the amount of $143,255 is available in the Fiscal Year 2025-2026 Operating Budget of Austin Aviation. 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. May 22, 2025 - Council ratified an amendment to the Austin-Bergstrom International Airport General Aviation Facility Management Agreement with Signature Flight Support, LLC to add one year to the term, effective March 1, 2025, and the obligation for Signature Flight Support, LLC to provide completed quarterly inspection reports. 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 February 11, 2026. 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 50 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. On March 1, 2025, the fourth amendment 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. . City of Austin Page 1 of 1 Printed on 2/4/2026 powered by Legistar™ (cid:5) (cid:6)