Approval of the Termination of Lease Agreement between the County of Riverside, as Lessor, and Thermal Hangar LLC, a Washington limited liability company as Les

On September 11, 2001, the County of Riverside leased approximately one acre of land at Jacqueline Cochran Regional Airport to Hi-Tech Aviation LLC, which subsequently constructed a 6,225 square foot hangar on the property. The lease, originally for twenty years with a five-year extension option, was amended twice—in 2006 and January 26, 2021—with the latter amendment assigning both the lease and hangar ownership to Thermal Hangar LLC, a Washington-based limited liability company. The lease term, after exercise of the extension, was set to expire on September 11, 2026. However, Thermal Hangar LLC requested early termination, which the County’s Aviation Division agreed to negotiate, resulting in a Termination of Lease Agreement effective June 30, 2025. As part of this agreement, Thermal Hangar LLC will relinquish all ownership rights to the hangar, reverting full title to the County’s Aviation Division without financial compensation. The action is classified under California’s Environmental Quality Act (CEQA) as exempt from environmental review under Sections 15301 and 15061(b)(3), due to the absence of physical changes, expansion of use, or potential environmental impact. No federal acquisition regulations apply, as this is a local government land use matter rather than a federal procurement. Administrative approval is required from the County Executive Officer, County Counsel, and Board of Supervisors, and the termination will be formalized through a single agreement filed with the County Clerk & Recorder. The accounting identifier 523230-40710-1910700000-ED19102001 will be used for internal billing via journal voucher, and no payment, invoicing system, or contract line items are involved. The sole delivery is the transfer of real property ownership at Assessor Parcel Number 456-020-002 in Riverside, California, with no performance metrics, inspections, or quality standards specified beyond the legal reversion of title.