City of Denton Airport Advisory Board Meeting Agenda March 11, 2026
Lease Amendments Recommended for Sheltair Aviation Denton LLC
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Description
The Airport Advisory Board considered and recommended the Fourth Amendment to the Airport Lease for Sheltair Aviation Denton LLC, expanding permitted uses to allow vehicular parking in support of subtenant operations. The lease is valued at $30,321.02 annually, subject to yearly CPI increases, and will continue through March 2049.
Contract Details
Contract Amount
$30,321.02 annual lease rate (subject to annual CPI-U adjustment)
Vendor
SHELTAIR AVIATION DENTON LLC
Agency
Sanctuary Mud 2 Of Denton County, TX
Contract Type
FACILITIES
Document Date
March 6, 2026
Contract Term
35 years 4 months (May 15, 1998 – March 11, 2049)
Renewal Date
2049-03-11
Renewal Info
Amendment history: assigned and amended in 1998, 2010, 2013, 2022, and now 2026 (Fourth Amendment). Lease is active through March 11, 2049, with annual CPI-U adjustments and further amendment possible by council action.
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