Airlines: The Board unanimously approved the extension of COVID 19 Relief Guidelines to Defer/Waive Airport Tenant Rents and Fees through December 31, 2020 at the September 28 regular meeting.
Property 7: SMAA is preparing DRI zoning submittals for this property and a formal pre-application will be scheduled. Leasing/listing agreement discussion to recommence with CBRE for the outparcels.
Property 12: The wetlands and drainage easements are under investigation as to remove/modify for development. This property will be mixed use and include such uses as restaurants, office and hotels along with airport facilities. Properties has included this property in the DRI zoning application underway with Property 7.
University Self-Storage: The former Honeywell building is under consideration to redevelop as an alternate for self-storage facility, selection of a consultant is underway.
Rental Car Consolidation/Status: Planning and design for Phase I for the remodel of ticketing, offices and a covered walkway is underway. Selection of a consultant for Phase II is in process. MAG and land rent have been suspended through December 31, 2020; percentage of monthly gross revenues due.
Fuel Farm: Fuel Farm expansion project continues to proceed with modified tank specifications.
Airport Hotel #2: SRQ2, LLC, construction continues at the workspace hotel at 975 University Parkway.
North Quad: Marketing concept plan under consideration within the Master Plan. Next step is to analyze and determine the most suitable aviation uses for the park to pursue. Discussions with aviation brokers and developers continue.
Team Success: General Ground Lease approved by both the SMAA and FAA. A Letter of Agreement for Establishment of Aviation Immersion Program was approved at the September 28 regular meeting. A task force has been formed between SMAA staff and Team Success to develop the immersion program between the airport, airport tenants, youth aviation programs (EAA & CAP) and the students. A modification of the DRI is underway to allow the school use at this property. The Tenant has submitted for its GDP at Manatee county as well.
Concessions: The concessions MAG continues to be suspended thru December 31 with actual percentage rent only.
Property #10/M-lot: Plans for this project are out to bid for both MTC and the 3^{rd} hangar to accommodate general uses. The Ground Lease with Improvements is in review by the tenant. SMAA is contemplating proceeding with the 3^{rd} hangar which will require a bid modification.
Property 2: Properties is marketing this property to industrial tenants. Properties is exploring/discussing potential leasing/listing with brokers, as well as JV opportunities. Properties submitted a construction license (and easement) for a traffic light to be installed by others at the entrance of the airport's future development, which was approved at the September 28 meeting.
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