santa-maria-public-airport-district-board-of-directors-regular-meeting-agenda-sep-26-2024_359.pdf
Airport District Amends Ground Lease with United Lions Corp for Hotel Project
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Description
Santa Maria Public Airport District executed a Second Addendum and Estoppel Certificate amending its 40-year ground lease with United Lions Corporation for 3455 Skyway Drive. The action facilitates construction financing and protects lender interests.
Contract Details
Vendor
UNITED LIONS CORPORATION
Agency
Santa Maria Public Airport District, CA
Contract Type
LEASE
Document Date
September 26, 2024
Contract Term
40 years, with extensions per lease amendment
Renewal Info
Original lease July 14, 2011; Restated October 27, 2022; current addendum/estoppel September 2024. Lease may include extension provisions.
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Santa Maria Public Airport District Regular Meeting Agenda May 2026
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