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HomeMy WebLinkAboutResolutions - 2023.06.15 - 38275 AGENDA ITEM: Airport Land Lease Addendum - Midfield Management, LLC DEPARTMENT: Economic Development - Aviation and Transportation MEETING: Board of Commissioners DATE: Thursday, June 15, 2023 6:00 PM - Click to View Agenda ITEM SUMMARY SHEET COMMITTEE REPORT TO BOARD Resolution #2023-2973 _ 23-99 Motion to adopt the attached suggested resolution. ITEM CATEGORY SPONSORED BY Lease Yolanda Smith Charles INTRODUCTION AND BACKGROUND This is an addendum to the Airport Land Lease entered into between OCIA and Midfield Management, LLC on April 11, 2013, and subsequently amended, to extend the term of the lease to support financing of a multi-million construction project for a new hangar facility. The addendum also reprioritizes future hangar/lobby development. POLICY ANALYSIS This is a request for the approval of the Airport Land Lease Addendum with Midfield Management, LLC. The addendum allows for an extension and modification of Lessee’s obligations: a thirty-year term that will expire on June 30, 2053, with the provision for the right to renew the Lease for an additional twenty (20) years upon terms agreed by both parties, if required by the Lessee's lender to secure financing. The addendum identifies the reprioritization of certain commitments for future hangar/lobby development. The extended lease supports financing of a multi-million construction project for a new hangar facility by Midfield on Parcels B and D. The original lease began in 2013 and followed by subsequent addendums to 2022. Lessee currently leases all or part of parcels A, B, C, D and E ($213,436.71 paid annually to the County). Midfield, at their cost, will remove the existing hangar and construct a new hangar on Parcel D. The new hangar will be approximately 28,500 square feet. Also, Midfield, at their cost, will construct a new lobby (addition) on Parcel B that is approximately 6,000 square feet and will be utilized solely by Midfield. The current lobby space will be renovated as well. All plans will be approved by the Airport Committee prior to construction for both the new hangar and new lobby. All construction of the new lobby and renovation of the existing lobby will be completed within four (4) years from the date of the addendum. The addendum, as per the original agreement (approved in June 2022), continues the right for termination of the lease by either party and the County has the right to change the rental payment every two years. The Airport Committee and Corporation Counsel have reviewed and agreed to the terms of the Airport Land Lease Addendum. On final approval by the Board, the Chair is authorized or his designee to execute the addendum and all other related documents. A budget amendment is not required. BUDGET AMENDMENT REQUIRED: No Committee members can contact Michael Andrews, Policy and Fiscal Analysis Supervisor at 248.425.5572 or andrewsmb@oakgov.com, or the department contact persons listed for additional information. CONTACT Cheryl Bush, Manager Aviation & Transportation ITEM REVIEW TRACKING Yolanda Smith Charles, Board of Commissioners Created/Initiated - 6/15/2023 David Woodward, Board of Commissioners Approved - 6/15/2023 Hilarie Chambers, Executive's Office Approved - 6/20/2023 Lisa Brown, Clerk/Register of Deeds Final Approval - 6/27/2023 AGENDA DEADLINE: 06/15/2023 6:00 PM ATTACHMENTS 1. Midfield Management Land Lease Addendum 2 COMMITTEE TRACKING 2023-06-07 Economic Development & Infrastructure - Recommend to Board 2023-06-15 Full Board - Adopt Motioned by: Commissioner Robert Hoffman Seconded by: Commissioner Angela Powell Yes: David Woodward, Michael Spisz, Michael Gingell, Penny Luebs, Karen Joliat, Kristen Nelson, Christine Long, Robert Hoffman, Philip Weipert, Gwen Markham, Angela Powell, Marcia Gershenson, Janet Jackson, William Miller III, Yolanda Smith Charles, Charles Cavell, Brendan Johnson (17) No: None (0) Abstain: None (0) Absent: Ajay Raman, Gary McGillivray (2) Passed June 15, 2023 RESOLUTION #2023-2973 _ 23-99 Sponsored By: Yolanda Smith Charles Economic Development - Aviation and Transportation - Airport Land Lease Addendum - Midfield Management, LLC Chair and Members of the Board: WHEREAS the Department of Economic Development/Aviation Division is entering into an Airport Land Lease Addendum with Midfield Management, LLC for the purpose of modifying the terms of an existing agreement; and WHEREAS the County of Oakland owns the Oakland County International Airport in Waterford Township; and WHEREAS parcels of land are leased to various aviation businesses for the purpose of conducting aviation business at the Airport; and WHEREAS the Aviation Division entered into a Land Lease with Midfield Management, LLC, on April 11, 2013 followed by subsequent Land Lease Addendums dated March 12, 2015, May 1, 2017, August 1, 2019; and July 1, 2022; and WHEREAS the Aviation Division has agreed to enter into a new Land Lease Addendum with Midfield Management, LLC for the purpose of extending the Land Lease Agreement between the parties for a thirty-year term to expire on June 30, 2053; and WHEREAS the Land Lease Addendum will also provide for the right to renew the Lease at the expiration of the initial period for an additional twenty (20) year period upon terms agreed upon by both parties, if required by the Lessee's lender to secure financing; and WHEREAS the Land Lease Addendum will acknowledge reprioritization of certain commitments for future hangar/lobby development; and WHEREAS under the Land Lease the County has the right to change the rental payment every two years, as set forth in the Land Lease; and WHEREAS the Airport Committee and the County’s Office of Corporation Counsel have reviewed and agreed to the terms of the Airport Land Lease Addendum. NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners hereby approves and accepts the terms and conditions of the attached Airport Land Lease Addendum for thirty (30) years with Midfield Management, LLC. BE IT FURTHER RESOLVED that the Oakland County Board of Commissioners directs its Chairperson or his designee to execute the attached Airport Land Lease Addendum and all other related documents between the County and Midfield Management, LLC. BE IT FURTHER RESOLVED that a budget adjustment is not required. Chair, the following Commissioners are sponsoring the foregoing Resolution: Yolanda Smith Charles. Date: June 15, 2023 David Woodward, Commissioner Date: June 20, 2023 Hilarie Chambers, Deputy County Executive II Date: June 27, 2023 Lisa Brown, County Clerk / Register of Deeds COMMITTEE TRACKING 2023-06-07 Economic Development & Infrastructure - Recommend to Board 2023-06-15 Full Board - Adopt Motioned by Commissioner Robert Hoffman seconded by Commissioner Angela Powell to adopt the attached Lease: Airport Land Lease Addendum - Midfield Management, LLC . Yes: David Woodward, Michael Spisz, Michael Gingell, Penny Luebs, Karen Joliat, Kristen Nelson, Christine Long, Robert Hoffman, Philip Weipert, Gwen Markham, Angela Powell, Marcia Gershenson, Janet Jackson, William Miller III, Yolanda Smith Charles, Charles Cavell, Brendan Johnson (17) No: None (0) Abstain: None (0) Absent: Ajay Raman, Gary McGillivray (2) Passed ATTACHMENTS 1. Midfield Management Land Lease Addendum 2 STATE OF MICHIGAN) COUNTY OF OAKLAND) I, Lisa Brown, Clerk of the County of Oakland, do hereby certify that the foregoing resolution is a true and accurate copy of a resolution adopted by the Oakland County Board of Commissioners on June 15, 2023, with the original record thereof now remaining in my office. In Testimony Whereof, I have hereunto set my hand and affixed the seal of the Circuit Court at Pontiac, Michigan on Thursday, June 15, 2023. Lisa Brown, Oakland County Clerk / Register of Deeds 1 OAKLAND COUNTY INTERNATIONAL AIRPORT AIRPORT LAND LEASE ADDENDUM THIS AIRPORT LAND LEASE ADDENDUM, effective _________, 2023, is entered into by and between the COUNTY OF OAKLAND, a Michigan Constitutional Corporation, (“Lessor”) and MIDFIELD MANAGEMENT, LLC, a Michigan Corporation (“Lessee”). WHEREAS Lessor and Lessee are Parties to a Land Lease dated April 11, 2013; an Airport Land Lease Addendum dated March 12, 2015; an Airport Land Lease Addendum dated May 1, 2017; an Airport Land Lease Addendum dated August 1, 2019 and an Airport Land Lease Addendum dated July 1, 2022 (all collectively referred to as “Land Lease”); and WHEREAS the real property leased to Lessee under the Land Lease is located at the Oakland County International Airport in Waterford Township, Oakland County, Michigan, and is described as follows: PARCEL A, HANGAR NO. 1 Part of the Southwest ¼ of Section 17, Town 3 North, Range 9 East, Waterford Township, Oakland County, Michigan, described as: Beginning at a point located distant North 2° 7’ 38” West, 846.80 feet along the North-South section line, and South 87° 28’ 03” West 271.29 feet (to ACP. No. 37) and South 88° 37’ 30” West 449.13 feet from the South ¼ corner of said Section 17; thence from said point of beginning South 87° 27’ 44” West 257.00·feet; thence North 2° 31’ 25” West 538.61 feet; thence North 87° 27’ 44” East 257.00 feet; thence South 2° 31’ 25” East 538.61 feet to the point of beginning. Containing 138,423 sq. ft. or 3.178 acres, more or less (hereinafter referred to as “Parcel A”). Re: 6540 Highland Tax Item No.’s: Part of 13-17-400-003 as to land, and 13-17-603-003 as to Hangar No.1 located on Parcel A. PARCEL B, HANGAR NO. 2 Part of the Southwest ¼ of Section 17, Town 3 North, Range 9 East, Waterford Township, Oakland County, Michigan, also parts of Lots 14 through 19, Elwood Farms No. 1, according to the plat thereof as recorded in Liber 60 of Plats, page 24, Oakland County Records, described as: Beginning at a point located distant North 02° 07’ 38” West 846.80 feet along the North-South section line, and South 87° 28’ 03” West 271.29 feet (to ACP No. 37) and South 88° 37’ 30” West 449.13 feet and South 87° 27’ 44” West 257.00 feet from the South ¼ corner of said Section 17; thence continuing from said point South 87° 27’ 44” West 228.10 feet; thence North 02° 29’ 59” West 118.40 feet; thence South 87° 30’ 01 second West 88.36 feet; thence North 2° 31’ 25” West 596.64 feet; thence North 87° 16’ 55” East 152.59 feet; thence South 04° 01 minute 23” East 47.12 feet; thence North 87° 07’ 35” East 67.03 feet; thence South 16° 00’ 41” West 100.89 feet; 2 thence North 87° 30’ 01 second East 127.63 feet; thence South 02° 31’ 25” East 573.13 feet to the point of beginning. Containing 197,603 sq. ft. or 4.536 acres, more or less (hereinafter referred as “Parcel B”). PARCEL C, HANGAR NO. 3 Part of the Southwest ¼ of Section 17, Town 3 North, Range 9 East, Waterford Township, Oakland County, Michigan, also parts of Lots 14 through 19, Elwood Farms No. 1, according to the plat thereof as recorded in Liber 60 of Plats, page 24, Oakland County Records, described as: Beginning at a point located distant North 02° 07’ 38” West 846.80 feet along the North-South section line, and South 87° 28’ 03” West 271.29 feet (to ACP No. 37) and South 88° 37’ 30” West 449.13 feet and South 87° 27’ 44” West 257.00 feet and South 87° 27’ 44” West 228.10 feet and North 02° 29’ 59” West 118.40 feet and South 87° 30’ 01 second West 88.36 feet from the South ¼ corner of said Section 17; thence continuing South 87° 30’ 01 second West 13.48 feet; thence South 02° 29’ 59” East 30.00 feet; thence South 87° 30’ 01 second West 33.08 feet; thence South 02° 29’ 59” East 59.40 feet; thence South 87° 30’ 01” West 256.92 feet; thence North 02° 29’ 59” West 544.56 feet; thence North 87° 30’ 01 second East 152.05 feet; thence North 2° 29’ 59” West 140.90 feet; thence North 87° 16’ 55” East 151.18 feet; thence South 02° 31’ 25” East 596.64 feet to the point of beginning. Containing 183,397 sq. ft. or 4.210 acres, more or less (hereinafter referred to as “Parcel C”). PARCEL D, HANGAR NO. 4 Part of the East ½ of the Southwest ¼ of Section 17, Town 3 North, Range 9 East, Waterford, Oakland County, Michigan, also part of Lots 15 through 19, inclusive, Elwood Farms Subdivision No. 1, as recorded in Liber 60, Page 24 of Plats, Oakland County Records, all described as beginning at a point located distant North 02° 07’ 38” West 846.80 feet along the North-South section line, and South 87° 28’ 03” West 271.29 feet (to ACP No. 37) and South 88° 37’ 30” West 449.13 feet and South 87° 27’ 44” West 257.00 feet and South 87° 27’ 44” West 228.10 feet and North 02° 29’ 59” West 118.40 feet and South 87° 30’ 01 second West 101.84 feet and South 02° 29’ 59” East 30.00 feet and South 87° 30’ 01 second West 33.08 feet and South 02° 29’ 59” East 59.40 feet and South 87° 30’ 01” West 256.92 feet North 02° 29’ 59” West 94.75 feet from the South ¼ corner of said Section 17; thence South 87° 30’ 01” West 162.73 feet; thence North 02° 28’ 29” West 199.15 feet; thence North 87° 30’ 01 second East 25.00 feet; thence North 02° 28’ 29” West 250.66 feet; thence North 87° 30’ 01” East 137.53 feet; thence South 02° 29 minute 59” East 449.81 feet to the point of beginning. Containing 66,887 square feet or 1.536 acres, more or less (hereinafter referred as “Parcel D). 3 ▪PARCEL E, HANGAR NO. 5 Part of the Southwest 1/4 of Section 17, T.03N., R.09E., Waterford Township, Oakland County, Michigan, described as: Beginning at a point located distant N 02° 17' 54" W, 959.82 ft., along the West line of Section 17, and N 87° 14' 26" E, 480.00 ft., and N 74°26' 11" E, 163.74 ft. from the Southwest corner of said Section 17; thence from said point of beginning N 02° 31' 59" W, 430.19 ft.; thence N 87° 30' 01" E, 287.49 ft.; thence S 02° 28' 27" E, 250.66 ft.; thence S 87° 30' 03" W, 25.00 ft.; thence S 02° 28' 27" E, 199.15 ft.; thence N 87° 30' 03" E, 162.73 ft.; thence S02° 29' 59" E, 94.75 ft.; thence S 87° 30' 01" W, 165.93 ft.; thence N 68° 39' 40" W, 282.98 ft. to the point of beginning. Containing 149,678.67 Sq. Ft., 3.44 Acres (hereinafter referred to as “Parcel E”). WHEREAS the Parties desire to amend the Land Lease to extend the term and modify Lessee obligations regarding Parcels B and D. NOW THEREFORE the Land Lease will be amended as follows: 1.Term. The term of the Land Lease is extended and will expire on June 30, 2053. 2.Lease Renewal. If required by the Lessee’s lender(s) to secure financing as evidenced in document(s) issued by such lender(s) to the Lessor’s satisfaction and delivered by the Lessee to the Lessor prior to the Lessor’s execution of this Addendum and upon any exercise of any right granted under this Section, the Lessee shall have the right to renew this Lease at the expiration of the initial period set forth in above for an additional twenty (20) year period upon such terms and conditions as shall be agreed upon between the parties set forth in an amendment to the Land Lease executed by the parties, provided that such terms and the provisions of this Section comply with all applicable laws, ordinances, and rule and regulations of the Township of Waterford, the County, the State of Michigan, the United States, any governmental agency, and the OCIA as may be restated, replaced, supplemented, or otherwise amended, including, but not limited to, any grant assurances governed by the Federal Aviation Administration. To exercise such right to renew, Lessee must be in good standing under the Land Lease and must deliver to the Lessor a written notice of such exercise and the documentation evidencing the lending requirements described above not less than six (6) months prior to the expiration of the initial period set forth above. 3.Removal of Existing Hangar and Construction of New Hangar on Parcel D. Lessee, at its sole cost, has the right to remove the existing hangar on Parcel D and construct a new hangar of approximately twenty-eight thousand five hundred (28,500) square feet on Parcel D. The hangar and its plans shall be approved by the Airport Committee, prior to construction of the hangar. If Lessee elects to construct the new hangar Lessee shall receive the following for the hangar to be constructed on Parcel D: (a) Environmental Review submitted to the Michigan Department of Transportation (MDOT), (b) Airspace Approval for 4 buildings/lights/towers and temporary cranes by MDOT/FAA, (c) Contractor safety phasing plan to MDOT/FAA (if construction is inside AOA), (d) Building & Site permitting/approvals, and (e) Design/bidding of the hangar. 4.Construction of New Lobby on Parcel B. Lessee, at its sole cost, shall construct a new, approximately six thousand (6,000) square foot, addition to the existing hangar on Parcel B. The addition shall be used solely as a lobby for Lessee. Lessee shall also renovate the lobby space existing as of the date of this Addendum into premium office space. All construction of the new lobby and renovation of the existing lobby shall be completed within four (4) years from the date of this Addendum. The plans for the new lobby and renovation of the existing lobby space shall be approved by the Airport Committee prior to construction. Lessee shall do the following: within three (3) years from the date this Addendum is fully executed Lessee shall receive the following for the lobby addition renovation construction on Parcel B: (a) Environmental Review submitted to the Michigan Department of Transportation (MDOT), (b) Airspace Approval for buildings/lights/towers and temporary cranes by MDOT/FAA, (c) Contractor safety phasing plan to MDOT/FAA (if construction is inside AOA), (d) Building & Site permitting/approvals, and (e) Design/bidding of the hangar. 5.Airport Minimum Standards. The Airport Manager shall continue to enforce the Airport Minimum Standard as required therein and as required by law. 6.Modifications. Except as expressly modified and amended herein, the Land Lease shall remain in full force and effect. 7.Counterparts. This Addendum may be executed in one or more counterparts, including facsimile and electronic copies, each of which shall be deemed an original, but all of which shall together constitute one instrument. 8.Entire Agreement. This Addendum and the Land Lease set forth all covenants, promises, agreements, conditions, and understandings between the Parties concerning the lease of and use of Parcel A, B, C, D, and E and there are no covenants, promises, agreements, conditions, or understandings, either oral or written, between the Parties other than are herein set forth. 9.Authorization. The Parties represent that their respective signatories have the requisite authority to execute and bind them to the duties and responsibilities contained herein. {Signatures contained on the following page} 5 COUNTY OF OAKLAND, Lessor David T. Woodward, Chairperson Oakland County Board of Commissioners MIDFIELD MANAGEMENT, LLC, Lessee Name: Title: