City Amends Airport Hangar 119 Ground Lease Terms
City of AuburnCity · Auburn, CA- Disclosed value
- $3,724.00 per year rent starting April 1, 2025, plus $42.50 per month option consideration for 60 months beginning in 2031 (both subject to CPI adjustments)
- From agenda
- Document date
- Mar 10, 2025
- Renews
- Free account
The 30-second brief
The Auburn City Council approved an assignment and amendment of the Auburn Municipal Airport ground lease for Hangar 119, under which Full Throttle Aviation transfers its leasehold interest to John and Tonja Moore and the City updates the rent and option terms to fair market levels. The amended lease sets annual rent at $3,724.00 starting April 1, 2025, plus monthly option consideration payments, and extends the potential term through March 31, 2050.
Full Throttle Aviation holds this facilities contract with City of Auburn.
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Contract details
- Contract type
- Facilities
- Amount
- $3,724.00 per year rent starting April 1, 2025, plus $42.50 per month option consideration for 60 months beginning in 2031 (both subject to CPI adjustments)
- Document date
- March 10, 2025
- Term
- Ground lease for Hangar 119: original 40-year term April 1, 2000 – March 31, 2040, with one 10-year extension option to March 31, 2050
- Renews
- Free account
- Vendor
- Full Throttle Aviation
- Agency
- City of Auburn
- Source document
- city-of-auburn-city-council-meeting-agenda-march-10-2025_7fa.pdf (Agenda)
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Questions about this contract
Who was awarded the facilities contract by City of Auburn?
Full Throttle Aviation was awarded this facilities contract by City of Auburn, as recorded on March 10, 2025. The contract value is $3,724.00 per year rent starting April 1, 2025, plus $42.50 per month option consideration for 60 months beginning in 2031 (both subject to CPI adjustments).
How much is the Full Throttle Aviation contract with City of Auburn worth?
The Full Throttle Aviation contract with City of Auburn is valued at $3,724.00 per year rent starting April 1, 2025, plus $42.50 per month option consideration for 60 months beginning in 2031 (both subject to CPI adjustments), covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a agenda record.
Where was this contract approved?
This contract appears in city-of-auburn-city-council-meeting-agenda-march-10-2025_7fa.pdf (Agenda), dated March 10, 2025 from City of Auburn. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Full Throttle Aviation hold?
Full Throttle Aviation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Auburn currently buying?
Explore City of Auburn's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.