Approval of the Jacqueline Cochran Regional Airport Ground Lease Agreement between the County of Riverside, as Lessor, and AFM Aviation Inc., a Nevada Corporati

The County of Riverside (“County”) owns a 5.8-acre aeronautical parcel at the Jacqueline Cochran Regional Airport in the unincorporated community of Thermal, California (“Premises”). The Premises include a 10,625-square-foot aircraft storage hangar and an adjacent 1.97-acre improved ramp area. A portion of the Premises is currently occupied under a month-to-month temporary lease that expired on January 31, 2025. To secure a long-term tenant and encourage development, the County initiated a competitive solicitation process. On June 10, 2025, the County’s Transportation and Land Management Agency, Aviation Division (“Aviation”), issued a Request for Proposals (RFP) for the lease, development, and operation of the Premises. Following review and evaluation of the proposals received, AFM Aviation Inc., a Nevada corporation (“AFM Aviation”), was selected as the most suitable proposer based on its proposed services, long-term commitment, and development plan. Aviation negotiated the Jacqueline Cochran Regional Airport Ground Lease Agreement (“Lease”) with AFM Aviation. The Lease will have an initial term of thirty (30) years and shall commence upon the execution of a lease confirmation form by the parties. The lease also provides for the future development of two 28,800 square foot hangars, and an approximate 124,5252 square foot apron. Further CEQA Approval of the Lease has been identified as a proposed project under the California Environmental Quality Act (CEQA) because a discretionary action is required for approval. Approval of the Lease Agreement is limited to AFM Aviation’s occupancy of the Premises and will not result in any direct effects on the environment. Subsequently, approval of the Lease itself will not result in any significant environmental impacts or include any mitigation measures.