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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

Active
State & Local

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The County of Riverside, acting as Lessor, has entered into a Termination Agreement with Thermal Hangar LLC to end a lease for approximately one acre of land at the Jacqueline Cochran Regional Airport. Originally established on September 11, 2001, with Hi-Tech Aviation LLC and subsequently assigned to Thermal Hangar LLC on January 26, 2021, the lease included a 6,225 square foot hangar. While the lease was originally set to expire on September 11, 2026, following a five-year extension option, both parties have agreed to an early termination effective June 30, 2025. As a primary condition of this early termination, Thermal Hangar LLC will revert ownership of the hangar to the Riverside County Aviation Division. The project is designated as exempt from the California Environmental Quality Act under Sections 15301 and 15061(b)(3), as the termination is a discretionary action that will not result in significant environmental impacts. Administrative oversight is managed by Jose Ruiz, Supervising Development Specialist for the Transportation and Land Management Agency Aviation Division.

General Info

Lease terminated June 30, 2025; hangar ownership reverts to Riverside County without compensation.

Agency

California → Riverside County

NAICS

531190 - Lessors of Other Real Estate PropertyView NAICS

Place of Performance

CA

Set-Aside

NONE

Documents

(1)

Notice of Exemption for Termination of Lease Agreement - Jacqueline Cochran Regional Airport

PDF•notice-of-exemption

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Organization & Contact Information

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AgencyCalifornia → Riverside County
Contacts1 person available
OfficeN/A
Organization / Agency
California → Riverside County
Office AddressN/A
Contacts
Jose RuizSupervising Development Specialist
contact@example.gov
+1 (555) 000-0000

Full Description

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On September 11, 2001 the County of Riverside, as Lessor, and Hi-Tech Aviation LLC, a California corporation (“Hi-Tech Aviation”), entered into a lease for approximately 1-acre of land at the Jacqueline Cochran Regional Airport (“Property”), as amended by that certain First Amendment to Lease dated October 17, 2006, and as amended by that Second Amendment to Lease dated January 26. 2021 (collectively referred to as the “Lease”). Hi-Tech Aviation constructed a 6,225 square foot hangar on the Property. Since entering into the Lease, Hi-Tech Aviation has assigned the Lease and ownership of the hangar to Thermal Hangar LLC, a Washington limited liability company, by virtue of an Assignment to Lease and Bill of Sale dated January 26, 2021. The Lease was signed for a term of twenty (20) years with one option to extend by five (5) years and after the option was exercised the term was set to expire on September 11, 2026. Thermal Hangar recently approached the County Aviation Division (“Aviation Division”) requesting an early termination of the Lease, and the Aviation Division is amenable to the request and has negotiated the attached Termination of Lease Agreement (“Termination Agreement”). Per the Termination Agreement, the termination of the Lease will be effective as of June 30, 2025. In exchange for the early termination, Thermal Hangar has agreed to revert ownership of the hangar to the Aviation Division. The Termination Agreement 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 Termination Agreement is limited to the termination of the Lease and will not result in any direct effects on the environment. Subsequently, this Termination Agreement will not result in any significant environmental impacts or include any mitigation measures.

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