Airport Leasing Rates

The City of Rio Vista is interested in talking to you in regard to leasing commercial property at the Rio Vista Municipal Airport, providing a license agreement if you would like to lease a hangar and/or tie-down space and if you would like to be the Fixed Based Operator (FBO). Multiple opportunities are available. Please see list below:

Present opportunities at Rio Vista Municipal Airport as of March 16, 2013:

• Fixed Based Operator (FBO) to provide aircraft maintenance, pilot services and short term storage of aircraft.
• Hangar development sites throughout the Airport;
• Commercial development sites near Terminal Building and FBO hangar;
• Standard T-hangar rentals for $263.00 per month: A5, A7, B6, B7, B9, B11, C8, C16, C17;
• Medium T-hangar rentals for $327.50 per month: B1
• Corporate Hangar – 6,000 square feet for $907.00 per month: 2994;
• 79 Tiedown rentals for $32.00 per month, each; and
• Office space at Rio Vista Municipal Airport Terminal Building
  • Suite B-1 (one room office with furniture included)
  • Suite C
  • Suite D
  • Suite E (behind Suite C and Pilots Lounge)

Lease and rental rates are based on consumer price index (CPI) and market rate in accordance with FAA regulations, presently at 19 to 28 cents per square foot (2011). Lease and rental rates will be adjusted annually using the California Consumer Price Index (all urban consumers, all items). Ground leases are presently renting at approximately 3 to 8 cents per square foot (2011).

Ground lessee is responsible for all costs of all connections and extensions of utilities from their current locations to and within the premises and all costs associated with the use of the utilities.  
At the present time, all utilities are included as part of the hangar license agreement for those renting t-hangars and tiedowns. This includes water (except corporate hangars 2990 and 2994), sewer and electrical.  This is subject to change in the future with notice to any present license holder.

Hangar & Tiedown Rental

If you’re looking for hangar or tie-down space for your aircraft, talk to us! The Rio Vista Municipal Airport has 46 hangars, 2 corporate hangars and approximately 75 tiedowns available for rent.  Many with electrical outlets and interior lighting.  Some have office space and water service. Tie-down spaces are also available. You’ll appreciate the fact that your aircraft is protected by a perimeter security gate system that requires a code for entry. A clean, well-lit ramp, and “front door” fuel delivery by truck are all reasons you’ll be glad you chose Rio Vista Municipal Airport.

For renting opportunities, please contact Judi Craner, Administrative Assistant at the City of Rio Vista, 1 Main Street, Rio Vista, CA 94571, telephone: (707) 374-6451 or email: jcraner@ci.rio-vista.ca.us.

If all hangars and tiedowns are leased, you will be placed on a waiting list. In order to be placed on the waiting list, an application is required along with a deposit of $263.00. Download an application if interested in leasing a hangar at Rio Vista Municipal Airport when all hangars and tiedowns are leased.

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 Download Wait List Application

Once you are contacted by the City of Rio Vista for a vacant hangar or tiedown space, you will have 14 calendar days to respond by email or telephone for the space or the City will proceed to the next person on the list.  The following documents are required before the City will execute a license agreement with the proposed licensee:

1. Registration of the aircraft, a copy of which shall go in our files and a copy to be kept in the hangar or aircraft.
2. Airworthiness certificate.
3. Certificate of insurance and endorsement in accordance with the insurance requirements. The endorsement must specify that coverage provided to the City shall be primary, rather than coverage in excess of insurance maintained by the City. 

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Insurance requirements is as follows: Liability insurance on the aircraft that is stored in the hangar with a combined single limit for bodily injury and property damage of not less than $1 million per occurrence, with the City of Rio Vista named as an additional insured.

     4.  A check in the amount of your first month’s rental fee.

If you have an airplane under construction, please discuss this with the City’s Transit and Airport Coordinator for additional details and requirements.

Please mail or bring the application to Judi Craner, Administrative Assistant, City of Rio Vista, 1 Main Street, Rio Vista, CA 94571. Applications are accepted Monday-Thursday between 8:00 a.m. and 5:00 p.m.

 Lease Agreement for Hangars
 License Agreement for Tie Downs
 Sample Parking Agreement for Licensees
 Rio Vista Municipal Airport T-Hangar Maps

 Download the City of Rio Vista Master Fee Schedule for the Rio Vista Municipal Airport.

Note: Rent must be paid to the City by the beginning of each month. Please contact the City of Rio Vista Finance Department at (707) 374-6451 for additional details.  Rent not paid by the 10th of the month is declared delinquent and may be subject to penalty fees, possible collection activity and termination of license.

Leasing and Business Development Opportunities

Since 1994 the City has been developing the Rio Vista Municipal Airport. Basic infrastructure is provided to the vicinity of available development sites. The City must retain ownership of Airport land, therefore the site is leased to the prospective tenant under the general guidelines of the City’s Rules and Regulations governing the Rio Vista Municipal Airport, Minimum Standards For Commercial Development and the City’s Municipal Code.

The leases are also governed by current FAA mandates. The City remains willing to work with prospective tenants to negotiate a reasonable agreement within the above limitations that will allow a viable future for the tenant and a valuable contribution to the economic vitality of the City and the Municipal Airport.

The established lease procedure below outlines the steps that are necessary to secure a long term lease on Airport property.

All leases at Rio Vista Municipal Airport must be aviation related.  If your business is not aviation related, the City may not be able to enter into a lease agreement. You may contact us for questions about this matter.

Airport Maps & Brochures

• Airport Property Map (Exhibit B, page 169)
• Airport Layout Map (Exhibit B, page 165)
• Airport Business Development Flyer & Site Map

Standard Lease Procedure For Commercial Sites

Standard Lease Arrangements:

1. Term = 20 years, up to two, 5 year option extensions permitted.
2. Lease rate at market rate of approx. 8% of estimated land value.
3. Standard CPI clause with 8% maximum per year.
4. Standard lease can be negotiated by City staff and brought forward to the full City Council.
5. May grant up to 3 months free startup rent.
6. Add sublease clause drafted by City Attorney, City to reserve the right to re-negotiate lease terms upon lease of property.
7. Must comply with all FAA requirements and City municipal codes.

Special Lease Arrangements:

1. Term = 20 years with flexibility to go to 50 years.
2. Requires high employment (30+employees) or significant sales tax revenues to City.
3. Requires City Council Committee and City Executive Management involvement during negotiations.
4. Lease rate at market rate or approx. 8% of appraised value for industrial properties, may go as low as 5 %.
5. CPI clause may be negotiated down to limit of 2% per year.
6. May grant up to 6 months free startup rent.
7. Fixed base operators and aviation related businesses, may also qualify for special consideration.
8. Add sublease clause drafted by City Attorney, City to reserve the right to re-negotiate lease terms upon transfer of property.
9. Must comply with all FAA requirements and City municipal codes.

Outline for Leasing at Rio Vista Municipal Airport

This is intended to be an approximate outline of the process for securing a lease of property at the Rio Vista Municipal Airport. Special conditions or requests may require deviation from this process. Any amendment or assignment of an existing lease will follow a similar process of approval.

1. Interested party sends a letter to the Transit & Airport Coordinator stating interest, the parcel of interest, and the intended purpose.
    
2. Upon receipt of the letter of interest, the Transit & Airport Coordinator  will send a response letter regarding the current status of the parcel; leased, in the negotiation stages or available. If the parcel is available, a packet of information will be sent including a sample lease and other data specific to the parcel(s) of interest. The date of this letter will commence a 45-day time period guaranteeing non-negotiation with subsequent interested parties. Lease proposals are handled on a first come-first served basis. Therefore, if there is prior proposal submitted to the City, applicants are advised accordingly, and notified that they will be put on the list, and, if the prior applicant is unsuccessful, the City will notify the next-in-line applicant of their opportunity to submit a proposal for the site and negotiate an appropriate lease.
    
3. If the information sent by the Transit & Airport Coordinator confirms interest in the Parcel, a response and draft business plan are expected within the 45 days. This will secure the position of first in line until such time as either the lease is executed or it is determined that there is no longer a potential lease on the table.
    
4. If there are numerous negotiable terms, a preliminary meeting is arranged to discuss lease terms.
    
5. Once the City and the applicant agree upon the terms, the final lease and memorandum are prepared for review and requested approval by the full City Council.
    
6. Following approval, four originals of the Lease Agreement, one Memorandum of Lease and the Resolution are executed and sealed. The Memorandum of Lease is recorded and filed with the County Clerk Recorder.
    
7. The Lease may be recorded by the Lessee at their option. Recordation of the Memorandum of Lease will be done by the City and satisfies legal requirements for the City of Rio Vista.