84.1 F
Fort Worth
Tuesday, October 20, 2020
Government Council Report: Lease agreements at Alliance

Council Report: Lease agreements at Alliance

Other News

Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....

Tradition stymied: A year unlike any since WWII for Augusta

The Masters is so intertwined with Augusta, they added an extra day to spring break.You see, the first full week of April isn't just...


At Tuesday’s meeting, the Fort Worth City Council authorized a pair of lease agreements connected to Alliance Airport.

The first is with Omni Air International (OAI), Incorporated for approximately 27,350 square feet of industrial space. It will be located in the structures and maintenance buildings, along with use of the vacant aircraft apron located at the Alliance Maintenance Facility, an,d will be used for air transport service operations.

The second agreement is with Schneider Resources, Inc. (SRI) for approximately a little over six acres of space in the north parking lot and just under two acres of ground space at the Alliance Maintenance Facility to operate truckload, intermodal and logistics services.

OAI is a private airline that provides charter services around the world for U.S. and foreign military troops, military family members, government employees and natural and humanitarian disaster relief. It has been operating at DFW Airport under a yearly renewable contract with the Department of Defense.

OAI is relocating because of the demolition of their facility at DFW.

The length of the lease will be a five-year primary term with five one-year successive renewal options. Total rental revenues, fees and reimburseble expenses resulting from the primary term of the lease agreement are estimated to be about $1.5 million toward the Alliance Maintenance Facility Fund.

Since 1935, SRI has become one of the premier providers of commercial truckload, intermodal and logistical shipping services in the world. The company has been subleasing from Burlington Northern Sante Fe Corporation (BNSF) at the Intermodal Center for their operations, but the lease expired on January 1 and will not be renewed by BNSF.

The term of lease is three years with total revenues estimated to be around $800,000, also toward the Alliance Maintenance Facility Fund.

Latest News

National Democratic super PAC says it will double its spending to $12 million in battle for the Texas House

Texas joins Trump administration’s lawsuit against Google, arguing the tech company has a monopoly

By Stacy Fernández, The Texas Tribune Oct. 20, 2020 "Texas joins Trump administration's lawsuit...

Fort Worth bar receives TABC sanction

An effort by the Texas Alcoholic Beverage Commission to enforce the state’s COVID-19 health and safety protocols resulted in emergency orders to...

Corinth, Prattco acquire additional business park buildings

To Date, The JV Partnership has invested $50 million in Almost 700,000 SF of North Texas Industrial Space With...

Tarrant County reports 6 COVID deaths on Tuesday

Tarrant County Public Health on Oct. 20 reported six COVID-19 deaths.The deceased include a man from Arlington in his 90s, a man...