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TO: Mayor Thomas J. Weisner
FROM: Beth Penesis, Interim Airport Manager
DATE: September 16, 2015
SUBJECT:
An Ordinance Consenting to the Assignment of a Land Lease at the Aurora Municipal Airport between the City of Aurora and Synergy Property Holdings LLC to MacNeil Real Estate Holdings, LLC.
PURPOSE:
To obtain City Council approval for the Assignment of a Land Lease current held by Synergy Property Holdings, LLC. a new lessee being MacNeil Real Estate Holdings, LLC.
BACKGROUND:
The original land lease between the City of Aurora and Diamas Real Estate Holdings, LLC dated March 28, 2006 under Ordinance O06-17 was assigned to Synergy Real Estate Holdings, LLC February 26, 2013 under Ordinance O13-007. MacNeil Real Estate Holdings, LLC currently owns a hangar at Sky Haven of Aurora and requires a larger hangar to continue their corporate flight department operations at the Aurora Municipal Airport. Synergy Real Estate Holdings, LLC desires to transfer the lease to MacNeil Real Estate Holdings, LLC via an Assignment of Lease.
DISCUSSION:
MacNeil Real Estate Holdings, LLC continuing operations at the Aurora Municipal Airport benefits the City of Aurora. Approval by the City Council to transfer the lease is required.
IMPACT STATEMENT:
This assignment would have a positive impact, creating the full utilization of the hanger.
RECOMMENDATIONS:
I recommend the Council approve the proposed Assignment of Lease to MacNeil Real Estate Holdings, LLC from Synergy Property Holdings, LLC.
cc: Alderman O'Connor, Chairman
Alderman Mervine
Alderman Bohman
Alderman Mesiacos, Alternate
CITY OF AURORA, ILLINOIS
ORDINANCE NO. _________
DATE OF PASSAGE ________________
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An Ordinance Consenting to the Assignment of a Land Lease at the Aurora Municipal Airport between the City of Aurora and Synergy Property Holdings LLC to MacNeil Real Estate Holdings, LLC.
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WHEREAS, the City of Aurora has a pop...
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