Agenda

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Item # 3.

Work Session and Regular Meeting

Meeting Date:	04/09/2019
Department:	Public Works
Pillars:	Innovation in Entrepreneurship & Business Excellence in Transportation Systems Optimize the Addison Brand

AGENDA CAPTION:

Present and Discuss the Current Status of Black Forest / Galaxy Aviation's Redevelopment of the Airport's Southeast Quadrant.

BACKGROUND:

In December 2018, the Town executed a 40 year ground lease with Black Forest Aviation (BFA) for the redevelopment of the 15.68 acres across from Addison Circle Park, known as the southeast quadrant. BFA anticipates the construction of a new Fixed Based Operator (FBO) with two 40,000 square foot hangars and one 30,000 square foot hangar. The FBO will be operated by Galaxy Aviation.

In accordance with the lease terms, BFA is currently in an inspection period. A Phase I and Phase II environmental site assessment was completed in mid-February that identified mold and asbestos in each of the Collins Hangars. Airport staff is currently working with an environmental specialist to prepare a remediation plan and to perform the required abatement. BFA's inspection period ends on April 12, 2019 or upon the Town's completion and acceptance of the remediation plan, which ever is later.

In the mean time, BFA has begun to draft their development plans and has submitted preliminary plans to Town staff for comment. BFA anticipates construction to start late this summer.

During the Work Session, staff will present an update on this project and present conceptual renderings of the proposed hangars.

RECOMMENDATION:

Information only, no action required.

Attachments
Presentation - Southeast Quadrant Redevelopment Update