cover
TO: Mayor John Laesch and City Council
FROM: Patrick J. Collins, Assistant Corporation Counsel
DATE: March 17, 2026
SUBJECT:
A resolution consenting to a short-term lease extension until the end of 2026 to FR2, Inc. at the Aurora Airport.
PURPOSE:
To grant a short-term lease extension to FR2, Inc. at the Aurora Airport.
BACKGROUND:
FR2 has been a tenant at the Aurora Airport since 2013 and wishes to continue their lease.
DISCUSSION:
FR2's current lease is set to expire at the end of March 2026. The City and FR2, Inc. need time to negotiate a long-term lease. This short extension until the end of 2026 will allow the parties time to negotiate a new lease and allow FR2, Inc. to continue their operation.
IMPACT STATEMENT:
The short-term lease extension is necessary to allow the City and FR2, Inc. time to negotiate a long-term agreement.
RECOMMENDATIONS:
Staff recommends approval
cc:
CITY OF AURORA, ILLINOIS
RESOLUTION NO. _________
DATE OF PASSAGE ________________
title
A Resolution consenting to a short-term lease extension until the end of 2026 to FR2, Inc. at the Aurora Airport.
body
WHEREAS, the City of Aurora has a population of more than 25,000 persons and is, therefore, a home rule unit under subsection (a) of Section 6 of Article VII of the Illinois Constitution of 1970; and
WHEREAS, subject to said Section, a home rule unit may exercise any power and perform any function pertaining to its government and affairs for the protection of the public health, safety, morals, and welfare; and
WHEREAS, the City owns real property located in the Village of Sugar Grove and in the unincorporated area of Kane County which it operates as an airport known as the Aurora Municipal Airport ("Airport"); and
WHEREAS, on or about March 28, 2013, the City entered into a lease of real estate for certain property at the Airport with FR2, Inc. ("Lease"). A copy of said Lease is attached to this Resolution as Exhibit 1; and
WHEREAS, the FR2 Inc. Lease is set to expire on March 31, 2026, and the Parties desire to extend a short-term lease extension until December 31, 2026 and)
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Aurora, Illinois, as follows: that the short-term lease extension with FR2, Inc. shall be and hereby is approved; and further
BE IT RESOLVED, that the Mayor shall be and hereby is directed to execute Exhibit 2 on behalf of the City and deliver the same to FR2, Inc.; and further
BE IT RESOLVED, that the Corporation Counsel shall be and hereby is authorized and directed to commence negotiations with FR2, Inc. forthwith as to a longer-term lease.