FACILITIESRECOMMENDED

Melbourne Airport Authority Agenda 2026-06-24

Ground Lease with South Brevard Aviation Restated

Annual rent after reduction: $20,210.53Melbourne Airport AuthoritySOUTH BREVARD AVIATION INCJune 24, 2026

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Description

The Melbourne Airport Authority is asked to approve an Amended and Restated Aeronautical Commercial Ground Lease Agreement with South Brevard Aviation, Inc., reflecting removal of former fuel farm space from its leasehold. The adjustment reduces SBA’s leased area to 0.88 acres and sets new annual rent at $20,210.53 while preserving existing lease duration and key terms.

Contract Details

Contract Amount

Annual rent after reduction: $20,210.53

Vendor

SOUTH BREVARD AVIATION INC

Agency

Melbourne Airport Authority, FL

Contract Type

FACILITIES

Document Date

June 24, 2026

Contract Term

Existing long-term ground lease executed July 1986; duration remains unchanged

Renewal Info

Amended and restated agreement consolidates the original 1986 ground lease and seven amendments while reducing the leasehold area and associated rent; lease duration and baseline rental structure otherwise continue unchanged.