Title
Consider/Discuss/Act on a Resolution Authorizing the City Manager to Execute a Rental Car Concession Agreement with Enterprise Holdings, LLC dba Enterprise Mobility for the McKinney National Airport (TKI) Commercial Terminal
Summary
COUNCIL GOAL: Maximize the Development Potential of McKinney National Airport
3.1: Implement initiatives and strategies, including public-private partnerships, to attract and expand corporate and commercial aviation including the viability of passenger service.
MEETING DATE: October 5, 2026
DEPARTMENT: Airport
CONTACT: Kenneth Carley, A.A.E. – Airport Director
RECOMMENDED CITY COUNCIL ACTION:
? Staff recommends that City Council approve this agenda item.
ITEM SUMMARY:
? This Resolution authorizes the City Manager to execute a Rental Car Concession Agreement with Enterprise Holdings, LLC dba Enterprise Mobility for on-airport rental car services at the McKinney National Airport Commercial Terminal. This is a revenue-generating agreement under which the City will receive a concession fee based on gross receipts, as well as separate rent for terminal space.
BACKGROUND INFORMATION:
The scope of the agreement is to provide on-airport rental car services for passengers of the new McKinney National Airport commercial terminal.
The City of McKinney currently is under contract with Enterprise Mobility at the McKinney Air Center FBO.
The agreement is designed to support initial operations at the new terminal, with an initial term of two (2) years and two (2) one-year renewal options. The principal terms are as follows:
Concession Fee: 10% of gross receipts, paid monthly.
Minimum Annual Guarantee (MAG): There is no MAG in Year 1. Beginning in Year 2, Enterprise will pay the greater of the 10% concession fee or the MAG, with the initial MAG set at 85% of Year 1 concession fees.
Premises Rent: Enterprise will pay separate rent for terminal space at $204.73 per sq. ft., with the final square footage to be finalized befo...
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