Authorize negotiation and execution of an amendment to the Austin-Bergstrom International Airport General Aviation Facility Management Agreement with Signature Flight Support, LLC to add one year to the term, effective March 1, 2026. Funding: This item is projected to result in additional revenue of $143,255 in the Fiscal Year 2025-2026 Operating Budget of Austin Aviation.

Summary

This item authorizes the negotiation and execution of an amendment to the General Aviation Facility Management Agreement with Signature Flight Support, LLC for the Austin-Bergstrom International Airport. The amendment will extend the agreement's term by one year, effective March 1, 2026. This extension is projected to generate additional revenue of $143,255 for the Fiscal Year 2025-2026 Operating Budget of Austin Aviation. Signature Flight Support manages and operates certain T-Hangar facilities at the airport, retaining 50% of the gross income billed to tenants as their management fee.

Citizen Impact

This agreement extension will ensure the continued management of general aviation hangars at the airport, with a projected revenue increase of $143,255 for the city's aviation budget. Residents may see continued services related to general aviation facilities.

Confidence

high