Summary as per the 48 hr rule

Posted: January 24, 2011 in Uncategorized

After more than 48 hours and no response to inquiries for more information, confirmation or clarification we can conclude that the following isuues are correct and factual as stated.

  • Direct Aviation the old FBO company at the old airport has been conducting business without a business license for several years.
  • Direct Jet Center the new FBO company at the new airport does not have a current St George business license.
  • Direct Jet Center has not paid $153,000.00 in annual rent, due on January 1st 2011,  as required by their lease.
  • The City was aware of the creation of the new FBO entity and the conversion to a Chapter 7 personal bankruptcy just days before signing a 40 year $million lease on November 11th 2110.
  • After 2 years the city allowed the applicant to change the name of the entity that submitted the proposal to a new company before the new lease was signed, without any public notification, hearings or due process.
  • The City entered into the new lease fully aware and informed of the financial troubles of Mr Venuti and both of his partners, Prestige Air and Jeremy Johnson.
  • The City has full faith and confidence that Mr Venuti can pay 1200% more in rent in 2011 than he paid in 2010.

Leave a comment