747 FORTRESS ST LEASE

The City of Chico is leasing a commercial manufacturing and office facility located on Chico Regional Airport property. The facility is approximately 33,300 square feet and includes areas for manufacturing, offices, and a break room. The lease is for an initial term of 5 years, with a base lease rate of $12,000 per month. The successful respondent, Rescue 42, Inc., will enter into negotiations with the Airport Manager and Public Works Director to agree on lease terms and conditions. Some key points to consider are: • The facility is located on airport property, so federal regulations require that preference be given to companies associated with the aviation industry. • A sample of the City's standard lease for airport property is included as an attachment to the RFP. • A tour of the property can be arranged by contacting the Airport Manager. • The lease terms and conditions will be presented to the Airport Commission for final review and approval, and may also be presented to the City Council for review and approval.