TITLE
Recommendation to authorize City Manager to execute all documents necessary for the Fifth Amendment to Fixed Base Operation Lease
No. 21569 between the City of Long Beach and Gulfstream Aerospace Corporation, a California corporation, to increase the leased premises of City-owned property at 4150 Donald Douglas Drive at the Long Beach Airport. (District 5)
DISCUSSION
On December 22, 1987, the City Council authorized the execution of Fixed Base Operation Lease No. 21569 (Lease) with Gulfstream Aerospace Corporation (Gulfstream), successor in interest to 7701 Woodley Avenue Corporation, for City-owned property at 4150 Donald Douglas Drive at the Long Beach Airport. From this location, Gulfstream operates the only Gulfstream Service Center on the western coast of the United States, providing manufacturing and maintenance service and repairs to the growing global number of Gulfstream jet aircraft in operation. Annually, Gulfstream services over 600 aircraft.
The initial term of the Lease will expire March 23, 2012. However, as peT the Lease, Gulfstream is afforded one six-year and two five-year extension options for a potential Lease termination date of March 23, 2028. Amended since 1987, the leased premises currently measure approximately 14.079 acres and are located just south of the terminal building of the Long Beach Airport (see attachment).
For the past few years, Gulfstream has utilized an additional 1.694-acre area (Westerly Tarmac) adjacent to the leased premises for use as additional aircraft parking, under an Airport Commercial Use Permit, on a month-to-month basis. With an increase in the global number of Gulfstream jet aircraft in service, the on-going need for the Westerly Tarmac has become critical to its operations to insure sufficient uninterrupted ramp space for aircraft parking. Gulfstream has requested to amend its Lease to add the Westerly Tarmac to its leased premises. The size, shape and location of the Westerly Tarmac provides f...
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