Council to take action on Resolution No. 84-25 approving the second option to extend the Airport Property Lease Agreement between the City of Buckeye, and Spur-N-Rotor, Inc., a Nevada corporation.
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4.A CITY OF BUCKEYE Regular Council Meeting COUNCIL ACTION REPORT MEETING DATE: 10/21/25 AGENDA ITEM: 4.A. AV - Lease Agreement Extension through December 31, 2027, for Spur-N-Rotor, Inc. DATE PREPARED: 10/16/25 DISTRICT NO.: 3 STAFF LIAISON: Scott Gray, Aviation Director, sgray@buckeyeaz.gov, (623) 349- 6885 DEPARTMENT: Buckeye Municipal Airport AGENDA ITEM TYPE: Consent Agenda Items / New Business ACTION/MOTION: (This language identifies the formal motion to be made by the Council) Council to take action on Resolution No. 84-25 approving the second option to extend the Airport Property Lease Agreement between the City of Buckeye, and Spur-N-Rotor, Inc., a Nevada corporation. SUMMARY PROJECT DESCRIPTION: Spur-N-Rotor desires to exercise the option to extend the Lease Agreement through December 31, 2027. Spur-N-Rotor will continue to provide helicopter repair services. Lessee Spur-N-Rotor, Inc. (Spur-N-Rotor) desires to extend its Airport Property Lease Agreement (Lease Agreement) with the City, pursuant to Section 2.2 thereof. The initial term of the Lease Agreement is January 1, 2019, through December 31, 2023. The Lease Agreement provides for two (2) extension terms of two (2) years each. On October 7, 2023, the City Council approved Resolution 70-25, approving the initial 2-year option to extend the Lease Agreement, through December 31, 2025. Spur-N- Rotor has provided written notice, requesting the final 2-year option to extend the Lease Agreement. BENEFITS: Spur-N-Rotor will continue to provide an aeronautical activity consisting of helicopter repair services which provides revenue for the airport. Continuing to have additional aeronautical services at the Airport provides opportunities for expanding services for airport users. FUTURE ACTION: No further action is required. FINANCIAL IMPACT STATEMENT: Annual revenue is approximately $15,400. BUDGETED: No FISCAL YEAR: FY2026 - FY2027 FUND/DEPARTMENT: 10001200-413131 Items related to a project or facility location must include an attached vicinity map for Council Review. ATTACHMENTS: Hangar lease June 10 2025 LTR FR SPUR N ROTOR RE ASSIGNMENT.pdf Resolution No 84-25 regarding Spur N Rotor final extension.pdf Spur-N-Rotor Lease Executed.pdf